ACTIVE

BEWARE

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Financial year 2025 · closed on 31/12/2025
Net result
120,2 k €
+9.5% YoY
Gross margin
165,3 k €
+15.7% YoY
Equity
32,5 k €
+0.8% YoY

What does BEWARE do?

BEWARE is a Private limited company incorporated in 2014. Its main activity is: Computer programming activities. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0506.856.771
Incorporation
16/12/2014
Legal form
Private limited company
Registered office
Avenue de l'Araucaria 90
1020 Bruxelles · BruxellesSee on map
Contributed capital
19 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities62020Computer consultancy activities62030Computer facilities management activities62200Computer programming, consultancy and related activities
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin165,3 k €142,9 k €118,3 k €100,1 k €90,8 k €88,1 k €86,3 k €62 k €77,9 k €86,1 k €43,6 k €
EBITDA165,1 k €142,6 k €118,3 k €100,1 k €90,8 k €88,1 k €86,3 k €62 k €77,9 k €86,1 k €43,5 k €
Operating result159,8 k €134 k €112,3 k €95,1 k €86,9 k €86,4 k €84,9 k €60,2 k €76 k €85,2 k €42 k €
Net result120,2 k €109,9 k €84 k €72,9 k €65,1 k €65,9 k €59,5 k €42,4 k €50,2 k €56,3 k €34,7 k €
Balance sheet
Equity32,5 k €32,2 k €37 k €33 k €30,1 k €30 k €29,2 k €28,7 k €26,2 k €83,2 k €26,9 k €
Total assets161,1 k €149,9 k €123,9 k €134 k €124,5 k €136,4 k €116 k €91,6 k €197,2 k €115,9 k €57,7 k €
Cash121 k €104,5 k €76 k €102,1 k €74,4 k €80,1 k €75,7 k €51,9 k €159,4 k €80,2 k €23,5 k €
Debts128,6 k €117,7 k €86,9 k €101 k €94,3 k €106,4 k €86,8 k €63 k €171 k €32,7 k €30,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Rachid AZOUAGH

Mandate

Active
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/04/202623/07/202516/07/202405/07/202318/07/202216/08/2021
General meeting06/02/202631/05/202530/06/202431/05/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202506/02/202608/04/2026FrenchPDF
Micro model31/12/202431/05/202523/07/2025FrenchPDF
Micro model31/12/202330/06/202416/07/2024FrenchPDF
Micro model31/12/202231/05/202305/07/2023FrenchPDF
Micro model31/12/202130/06/202218/07/2022FrenchPDF
Micro model31/12/202030/06/202116/08/2021FrenchPDF
Micro model31/12/201930/06/202017/07/2020FrenchPDF
Micro model31/12/201801/07/201923/08/2019FrenchPDF
Micro model31/12/201717/07/201827/07/2018FrenchPDF
Micro model31/12/201630/06/201717/07/2017FrenchPDF
Abridged model31/12/201530/06/201617/08/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Rachid AZOUAGH

Mandate

Active
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025120,2 k €↑
  2. 2024
    Annual accounts 2024109,9 k €↑
  3. 2023
    Annual accounts 202384 k €↑
  4. 2022
    Annual accounts 202272,9 k €↑
  5. 2021
    Annual accounts 202165,1 k €↓
  6. 2020
    Annual accounts 202065,9 k €↑
  7. 2019
    Annual accounts 201959,5 k €↑
  8. 2018
    Annual accounts 201842,4 k €↓
  9. 2017
    Annual accounts 201750,2 k €↓
  10. 2016
    Annual accounts 201656,3 k €↑
  11. 2015
    Annual accounts 201534,7 k €
  12. 16/12/2014
    IncorporationPrivate limited company