ACTIVE

R-GROUP Holding

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Financial year 2025 · closed on 31/12/2025
Net result
-536,4 k €
-8.3% YoY
Revenue
856,5 k €
-6.6% YoY
Equity
11,1 M €
+884.1% YoY
Workforce
23,5 ETP
-4.9% YoY

What does R-GROUP Holding do?

R-GROUP Holding is a Public limited company incorporated in 2013. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Liège. It employs on average 23,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0538.922.201
Incorporation
25/09/2013
Legal form
Public limited company
Registered office
Rue de Tilff 277
4031 Liège · WallonieSee on map
Contributed capital
11 958 201,91 €
Latest accounts
31/12/2025
Average workforce
23,5 ETP
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (4)
  • 124
  • 12400
  • 200
  • 20000
Signals
Solid equityGood liquidityPositive 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

202520242023202220212020201920182017201620152014
Income statement
Revenue856,5 k €916,8 k €120,8 k €2,3 M €1,1 M €1,1 M €––––––
EBITDA81,4 k €-137,6 k €531,2 k €408,6 k €166 k €297 k €336,8 k €152,3 k €87,9 k €91,1 k €135,8 k €32,3 k €
Operating result-277 k €-327,1 k €218,9 k €98,9 k €38,1 k €225,9 k €272,4 k €119 k €50,4 k €79,6 k €102,7 k €10,9 k €
Net result-536,4 k €-495,4 k €-23,4 k €61,1 k €18,9 k €677,8 k €151,4 k €74,2 k €28 k €77,4 k €73,1 k €8,5 k €
Balance sheet
Equity11,1 M €1,1 M €1,6 M €2,6 M €2,6 M €2,5 M €1,9 M €1,7 M €307 k €279 k €201,6 k €128,5 k €
Total assets31,3 M €20,3 M €10,9 M €9,5 M €7 M €5,1 M €4,4 M €3,9 M €1,3 M €983,8 k €536,7 k €502,5 k €
Cash638,5 €5,6 k €432,1 k €1,5 M €206,6 k €15,6 k €118,8 k €400,4 k €128,9 k €204,6 k €208,5 k €242,6 k €
Debts16,5 M €14,7 M €9,3 M €6,9 M €4,4 M €2,6 M €2,6 M €1,8 M €836,8 k €639,5 k €328,5 k €280,5 k €
Other
Workforce23,5 ETP24,7 ETP21,0 ETP18,3 ETP14,0 ETP10,9 ETP7,5 ETP4,7 ETP3,4 ETP5,8 ETP4,3 ETP2,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 52 ended

Active mandates

ARDENT ENERGY

Director · since 10 septembre 2025 · until 16 mai 2031 · 1010.083.071

Represented by PARIS Nicolas

Active
ARDENT INVEST

Director · since 10 septembre 2025 · until 16 mai 2031 · 0700.472.731

Represented by SMET Didier

Active
BEWATT

Director · since 10 septembre 2025 · until 16 mai 2031 · 0892.258.161

Represented by VANDERSCHUEREN Bruno

Active
EODEN RESSOURCES SAS

Director · since 10 septembre 2025 · until 16 mai 2031 · 1026.234.660

Represented by Nicolas ELAHMI

Active
Fabien GUIDALI

Director · since 10 septembre 2025 · until 16 mai 2031

Active
MELCHA

Chairman of the board of directors · since 10 septembre 2025 · until 16 mai 2031 · 1022.796.605

Represented by HANNEQUART Clément

Active
Patrick RENARD

Director · since 10 septembre 2025 · until 16 mai 2031

Active
RENO-ISOL

Director · since 10 septembre 2025 · until 16 mai 2031 · 0812.247.118

Represented by KNAUF Axel

Active
VILAFRA

Managing director · since 10 septembre 2025 · until 29 juin 2029 · 0805.324.385

Represented by THONNART Henri

Active
Julien DOR

Director · since 19 décembre 2023 · until 10 septembre 2025

Active
Mathusalem SCOMM.

Director · since 19 décembre 2023 · until 10 septembre 2025 · 0466.653.538

Represented by HANNEQUART Clément

Active
Raphaël PIETTEUR

Director · since 19 décembre 2023 · until 10 septembre 2025

Active
NOSHAQ PARTNERS

Director · since 02 octobre 2023 · until 05 septembre 2025 · 0808.219.836

Represented by TYREKIDIS Joanna

Active

Ended mandates

BEWATT

Director · since 19 décembre 2023 · until 29 juin 2029 · 0892.258.161

Represented by Bruno Vanderschueren

Ended
BEWATT

Director · since 19 décembre 2023 · until 29 juin 2029 · 0892.258.161

Represented by Bruno VANDERSCHUEREN

Ended
Julien Dor

Director · since 19 décembre 2023 · until 29 juin 2029

Ended
MATHUSALEM SC

Director · since 19 décembre 2023 · until 29 juin 2029 · 0466.653.538

Represented by Clément HANNEQUART

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date10/06/202629/07/202508/07/202429/08/202330/06/202220/08/2021
General meeting15/05/202607/07/202526/06/202429/06/202314/06/202224/06/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/05/202610/06/2026FrenchPDF
Consolidated accounts31/12/202515/05/202610/06/2026FrenchPDF
Full modelCorrection31/12/202407/07/202529/07/2025FrenchPDF
Full model31/12/202407/07/202522/07/2025FrenchPDF
Consolidated accounts31/12/202407/07/202506/08/2025FrenchPDF
Full model31/12/202326/06/202408/07/2024FrenchPDF
Full model31/12/202229/06/202329/08/2023FrenchPDF
Full model31/12/202114/06/202230/06/2022FrenchPDF
Full model31/12/202024/06/202120/08/2021FrenchPDF
Abridged model31/12/201916/05/202019/08/2020FrenchPDF
Abridged model31/12/201826/06/201930/08/2019FrenchPDF
Abridged model31/12/201719/05/201831/08/2018FrenchPDF
Abridged model31/12/201620/06/201731/08/2017FrenchPDF
Abridged modelCorrection31/12/201521/06/201614/09/2016FrenchPDF
Abridged model31/12/201521/06/201626/08/2016FrenchPDF
Abridged model31/12/201430/06/201530/07/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 13 active · 52 ended

Active mandates

ARDENT ENERGY

Director · since 10 septembre 2025 · until 16 mai 2031 · 1010.083.071

Represented by PARIS Nicolas

Active
ARDENT INVEST

Director · since 10 septembre 2025 · until 16 mai 2031 · 0700.472.731

Represented by SMET Didier

Active
BEWATT

Director · since 10 septembre 2025 · until 16 mai 2031 · 0892.258.161

Represented by VANDERSCHUEREN Bruno

Active
EODEN RESSOURCES SAS

Director · since 10 septembre 2025 · until 16 mai 2031 · 1026.234.660

Represented by Nicolas ELAHMI

Active
Fabien GUIDALI

Director · since 10 septembre 2025 · until 16 mai 2031

Active
MELCHA

Chairman of the board of directors · since 10 septembre 2025 · until 16 mai 2031 · 1022.796.605

Represented by HANNEQUART Clément

Active
Patrick RENARD

Director · since 10 septembre 2025 · until 16 mai 2031

Active
RENO-ISOL

Director · since 10 septembre 2025 · until 16 mai 2031 · 0812.247.118

Represented by KNAUF Axel

Active
VILAFRA

Managing director · since 10 septembre 2025 · until 29 juin 2029 · 0805.324.385

Represented by THONNART Henri

Active
Julien DOR

Director · since 19 décembre 2023 · until 10 septembre 2025

Active
Mathusalem SCOMM.

Director · since 19 décembre 2023 · until 10 septembre 2025 · 0466.653.538

Represented by HANNEQUART Clément

Active
Raphaël PIETTEUR

Director · since 19 décembre 2023 · until 10 septembre 2025

Active
NOSHAQ PARTNERS

Director · since 02 octobre 2023 · until 05 septembre 2025 · 0808.219.836

Represented by TYREKIDIS Joanna

Active

Ended mandates

BEWATT

Director · since 19 décembre 2023 · until 29 juin 2029 · 0892.258.161

Represented by Bruno Vanderschueren

Ended
BEWATT

Director · since 19 décembre 2023 · until 29 juin 2029 · 0892.258.161

Represented by Bruno VANDERSCHUEREN

Ended
Julien Dor

Director · since 19 décembre 2023 · until 29 juin 2029

Ended
MATHUSALEM SC

Director · since 19 décembre 2023 · until 29 juin 2029 · 0466.653.538

Represented by Clément HANNEQUART

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/09/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/05/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/01/2024
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates30/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/08/2022
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025-536,4 k €↓
  2. 2024
    Annual accounts 2024-495,4 k €↓
  3. 2023
    Annual accounts 2023-23,4 k €↓
  4. 2022
    Annual accounts 202261,1 k €↑
  5. 2021
    Annual accounts 202118,9 k €↓
  6. 2020
    Annual accounts 2020677,8 k €↑
  7. 2019
    Annual accounts 2019151,4 k €↑
  8. 2018
    Annual accounts 201874,2 k €↑
  9. 2017
    Annual accounts 201728 k €↓
  10. 2016
    Annual accounts 201677,4 k €↑
  11. 2015
    Annual accounts 201573,1 k €↑
  12. 2014
    Annual accounts 20148,5 k €
  13. 25/09/2013
    IncorporationPublic limited company