ACTIVE

BEER PROJECT

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Financial year 2025 · closed on 31/08/2025

Net result

245,7 k €

+49.2% YoY

Gross margin

3,1 M €

+8.6% YoY

Equity

5,8 M €

+3.4% YoY

Workforce

32,0 ETP

+21.7% YoY

What does BEER PROJECT do?

BEER PROJECT is a Public limited company incorporated in 2013. Its main activity is: Manufacture of beer. Its registered office is in Bruxelles. It employs on average 32,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0511.959.367

Incorporation

21/02/2013

Legal form

Public limited company

Registered office

Rue Antoine Dansaert 188
1000 Bruxelles · BruxellesSee on map

Contributed capital

4 067 955,25 €

Latest accounts

31/08/2025

Average workforce

32,0 ETP

Activities (NACE)

11050Manufacture of beer· main 11050Manufacture of beer 11040Manufacture of other non-distilled fermented beverages 11040Manufacture of other non-distilled fermented beverages 47210Retail sale of fruit and vegetables in specialised stores 47252Retail sale of beverages in specialised stores+4

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	3,1 M €	+8.6%	2,9 M €	+14.4%	2,5 M €	+48.3%	1,7 M €	-9.9%	1,9 M €	+18.5%	1,6 M €	+15.0%	1,4 M €	+69.4%	815,5 k €	+68.1%	485,1 k €	+71.3%	283,2 k €	+321%	67,2 k €	+404%	-22,1 k €
EBITDA	1,1 M €	+13.7%	975,6 k €	+98.7%	490,9 k €	+1333%	34,2 k €	-95.1%	694,9 k €	-5.9%	738,6 k €	+11.0%	665,7 k €	+88.1%	353,8 k €	+70.9%	207 k €	+103%	102,1 k €	+572%	15,2 k €	+166%	-22,9 k €
Operating result	272,5 k €	+30.3%	209,1 k €	+252%	-137,7 k €	+72.0%	-491 k €	-203%	478,8 k €	-21.5%	609,9 k €	+12.9%	540,3 k €	+117%	249,4 k €	+117%	114,8 k €	+657%	15,2 k €	+133%	-46,1 k €	-60.0%	-28,8 k €
Net result	245,7 k €	+49.2%	164,6 k €	+182%	-201,9 k €	+62.0%	-531,2 k €	-216%	457,7 k €	+4.6%	437,6 k €	+12.5%	389,1 k €	+145%	159 k €	+71.7%	92,6 k €	+696%	11,6 k €	+127%	-43,9 k €	-50.5%	-29,1 k €
Balance sheet
Equity	5,8 M €	+3.4%	5,6 M €	+0.2%	5,6 M €	+15.5%	4,8 M €	+4.7%	4,6 M €	+108%	2,2 M €	+93.9%	1,1 M €	+52.8%	750,1 k €	+24.8%	601 k €	+16.0%	518,2 k €	+12.0%	462,7 k €	+1190%	35,9 k €
Total assets	14,2 M €	+1.9%	13,9 M €	+6.9%	13 M €	-3.0%	13,4 M €	+50.0%	9 M €	+145%	3,7 M €	+40.2%	2,6 M €	+33.7%	1,9 M €	+20.5%	1,6 M €	+9.7%	1,5 M €	+17.0%	1,3 M €	+866%	130,4 k €
Cash	638,7 k €	+38.9%	459,7 k €	-56.7%	1,1 M €	-2.3%	1,1 M €	-24.3%	1,4 M €	+114%	671,7 k €	+22.1%	550,1 k €	+68.9%	325,7 k €	+29.0%	252,5 k €	+17.4%	215,2 k €	-9.5%	237,7 k €	+670%	30,9 k €
Debts	7,8 M €	+0.1%	7,8 M €	+11.8%	6,9 M €	-14.4%	8,1 M €	+99.7%	4,1 M €	+252%	1,2 M €	-1.1%	1,2 M €	+26.7%	922,1 k €	+17.9%	782,5 k €	+4.3%	750,4 k €	+16.2%	645,7 k €	+992%	59,2 k €
Other
Workforce	32,0 ETP	+21.7%	26,3 ETP	-17.8%	32,0 ETP	+6.7%	30,0 ETP	+43.5%	20,9 ETP	+16.8%	17,9 ETP	+33.6%	13,4 ETP	+47.3%	9,1 ETP	+37.9%	6,6 ETP	+50.0%	4,4 ETP	+120%	2,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/08/2025 · 6 active · 13 ended

Active mandates

COFIMATRA RESPONSIBILITY MANAGEMENT

Director · since 17 avril 2020 · until 15 janvier 2026 · 0440.040.597

Represented by ROLAND VAXELAIRE

Active

GUILLAUME DE POSCH

Director · since 17 avril 2020 · until 15 janvier 2026

Active

HUIZINVEST

Director · since 17 avril 2020 · until 15 janvier 2026 · 0425.209.792

Represented by YVES MEEUS

Active

INVEST FOR JOBS

Director · since 17 avril 2020 · until 15 janvier 2026 · 0644.590.437

Represented by Christophe Picard

Active

OLIVIER DE BRAUWERE

Managing director · since 17 avril 2020 · until 15 janvier 2026

Active

SEBASTIEN MORVAN

Managing director · since 17 avril 2020 · until 15 janvier 2026

Active

Ended mandates

COFIMATRA RESPONSIBILITY MANAGEMENT

Director · since 17 avril 2020 · until 15 janvier 2026 · 0440.040.597

Represented by Roland Vaxelaire

Ended

OLIVIER DE BRAUWERE

Managing director · since 17 janvier 2019 · until 17 janvier 2022

Ended

SEBASTIEN MORVAN

Managing director · since 17 janvier 2019 · until 17 janvier 2022

Ended

COFIMATRA RESPONSIBILITY MANAGEMENT

Director · since 25 janvier 2018 · until 25 janvier 2021 · 0440.040.597

Represented by Roland Vaxelaire

Ended

At this address

Other companies at this address

Company	CBE no.
CD BAILLI● Active	0763.850.155

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/02/2026	05/02/2025	06/02/2024	31/01/2023	11/02/2022	29/01/2021
General meeting	04/02/2026	30/01/2025	18/01/2024	30/01/2023	31/01/2022	21/01/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/08/2025	04/02/2026	13/02/2026	French	PDF
Abridged model	31/08/2024	30/01/2025	05/02/2025	French	PDF
Abridged model	31/08/2023	18/01/2024	06/02/2024	French	PDF
Abridged model	31/08/2022	30/01/2023	31/01/2023	French	PDF
Abridged model	31/08/2021	31/01/2022	11/02/2022	French	PDF
Abridged model	31/08/2020	21/01/2021	29/01/2021	French	PDF
Abridged model	31/08/2019	12/02/2020	13/02/2020	French	PDF
Abridged model	31/08/2018	11/02/2019	14/02/2019	French	PDF
Abridged model	31/08/2017	24/01/2018	29/01/2018	French	PDF
Abridged model	31/08/2016	03/02/2017	08/02/2017	French	PDF
Abridged model	31/08/2015	09/02/2016	10/02/2016	French	PDF
Abridged model	31/08/2014	04/02/2015	25/02/2015	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/08/2025 · 6 active · 13 ended

Active mandates

COFIMATRA RESPONSIBILITY MANAGEMENT

Director · since 17 avril 2020 · until 15 janvier 2026 · 0440.040.597

Represented by ROLAND VAXELAIRE

Active

GUILLAUME DE POSCH

Director · since 17 avril 2020 · until 15 janvier 2026

Active

HUIZINVEST

Director · since 17 avril 2020 · until 15 janvier 2026 · 0425.209.792

Represented by YVES MEEUS

Active

INVEST FOR JOBS

Director · since 17 avril 2020 · until 15 janvier 2026 · 0644.590.437

Represented by Christophe Picard

Active

OLIVIER DE BRAUWERE

Managing director · since 17 avril 2020 · until 15 janvier 2026

Active

SEBASTIEN MORVAN

Managing director · since 17 avril 2020 · until 15 janvier 2026

Active

Ended mandates

COFIMATRA RESPONSIBILITY MANAGEMENT

Director · since 17 avril 2020 · until 15 janvier 2026 · 0440.040.597

Represented by Roland Vaxelaire

Ended

OLIVIER DE BRAUWERE

Managing director · since 17 janvier 2019 · until 17 janvier 2022

Ended

SEBASTIEN MORVAN

Managing director · since 17 janvier 2019 · until 17 janvier 2022

Ended

COFIMATRA RESPONSIBILITY MANAGEMENT

Director · since 25 janvier 2018 · until 25 janvier 2021 · 0440.040.597

Represented by Roland Vaxelaire

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - COMPTES ANNUELS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates28/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates08/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/02/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares10/05/2023
CAPITAL, ACTIONS
PDF
Mandates13/05/2020
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/02/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/08/2016
CAPITAL, ACTIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025245,7 k €↑
2024
Annual accounts 2024164,6 k €↑
2023
Annual accounts 2023-201,9 k €↑
2022
Annual accounts 2022-531,2 k €↓
2021
Annual accounts 2021457,7 k €↑
2020
Annual accounts 2020437,6 k €↑
2019
Annual accounts 2019389,1 k €↑
2018
Annual accounts 2018159 k €↑
2017
Annual accounts 201792,6 k €↑
2016
Annual accounts 201611,6 k €↑
2015
Annual accounts 2015-43,9 k €↓
2014
Annual accounts 2014-29,1 k €
21/02/2013
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BEER PROJECT

Overview

What does BEER PROJECT do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline