ACTIVE

UP WIDER

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Financial year 2025 · closed on 31/12/2025

Net result

192,9 k €

-41.7% YoY

Gross margin

666,9 k €

-22.8% YoY

Equity

1,2 M €

-19.7% YoY

Workforce

5,0 ETP

-7.4% YoY

What does UP WIDER do?

UP WIDER is a Public limited company incorporated in 2013. Its main activity is: Management consultancy activities. Its registered office is in Uccle. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0540.685.621

Incorporation

10/10/2013

Legal form

Public limited company

Registered office

Rue Groeselenberg 136
1180 Uccle · BruxellesSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

5,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 70210Public relations and communication activities 73300Advertising and market research

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	666,9 k €	-22.8%	863,8 k €	-38.6%	1,4 M €	+38.6%	1 M €	+33.4%	761,7 k €	+195%	258,1 k €	+31.2%	196,8 k €	+36.9%	143,7 k €	+4.4%	137,6 k €	-36.4%	216,5 k €	-29.5%	307,3 k €	+21.5%	253 k €
EBITDA	409,8 k €	-29.7%	583,2 k €	-36.5%	918,1 k €	+50.6%	609,4 k €	+61.2%	378,1 k €	+329%	88,1 k €	+79.7%	49 k €	+8.9%	45 k €	+113%	21,2 k €	-70.7%	72,3 k €	-34.5%	110,3 k €	+133%	47,3 k €
Operating result	402,6 k €	-30.3%	577,6 k €	-36.9%	915,8 k €	+51.5%	604,5 k €	+62.0%	373,1 k €	+347%	83,5 k €	+89.1%	44,2 k €	+4.4%	42,3 k €	+108%	20,3 k €	-70.9%	69,8 k €	-35.4%	108 k €	+139%	45,3 k €
Net result	192,9 k €	-41.7%	331 k €	+7.5%	308 k €	+6.6%	289 k €	+34.6%	214,7 k €	+276%	57,1 k €	+65.3%	34,5 k €	+7.3%	32,2 k €	+242%	9,4 k €	-81.2%	50 k €	-42.5%	87 k €	+122%	39,1 k €
Balance sheet
Equity	1,2 M €	-19.7%	1,5 M €	+29.4%	1,1 M €	+37.6%	818,3 k €	+54.6%	529,3 k €	+68.2%	314,6 k €	+22.2%	257,5 k €	+15.5%	223 k €	+16.9%	190,8 k €	+5.2%	181,4 k €	+20.0%	151,1 k €	+38.5%	109,1 k €
Total assets	2,5 M €	-23.0%	3,2 M €	+9.3%	3 M €	+12.8%	2,6 M €	+20.9%	2,2 M €	+44.7%	1,5 M €	+76.9%	851,7 k €	+7.3%	793,6 k €	+11.2%	713,4 k €	+68.9%	422,3 k €	+2.5%	411,9 k €	+2.9%	400,4 k €
Cash	369,4 k €	-68.0%	1,2 M €	+13.1%	1 M €	+45.7%	701,8 k €	+15.0%	610,1 k €	+33.7%	456,2 k €	+5.2%	433,8 k €	+76.2%	246,2 k €	-13.5%	284,6 k €	-7.2%	306,8 k €	+0.2%	306,1 k €	+34.6%	227,4 k €
Debts	1,3 M €	-25.6%	1,8 M €	+2.1%	1,8 M €	+2.5%	1,7 M €	+3.8%	1,6 M €	+38.4%	1,2 M €	+101%	592 k €	+3.8%	570,6 k €	+9.2%	522,6 k €	+118%	240,2 k €	-7.9%	260,8 k €	-10.5%	291,3 k €
Other
Workforce	5,0 ETP	-7.4%	5,4 ETP	-47.1%	10,2 ETP	+22.9%	8,3 ETP	+40.7%	5,9 ETP	+59.5%	3,7 ETP	0.0%	3,7 ETP	+8.8%	3,4 ETP	+9.7%	3,1 ETP	-13.9%	3,6 ETP	-20.0%	4,5 ETP	+21.6%	3,7 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 31/12/2025 · 2 active · 4 ended

Active mandates

Claude FRIBOURG-BLANC

Chairman of the board of directors · since 04 juin 2019 · until 03 juin 2025

Active

Franck AUDIBERT

Director · since 04 juin 2019 · until 03 juin 2025

Active

Ended mandates

Franck AUDIBERT

Director · since 12 octobre 2018 · until 04 juin 2019

Ended

Bernard RAZAGHI-ASL

Managing director · since 09 octobre 2013 · until 12 octobre 2018

Ended

Bernard RAZAGHI-ASL

Managing director · since 09 octobre 2013 · until 04 juin 2019

Ended

Claude FRIBOURG-BLANC

Chairman of the board of directors · since 09 octobre 2013 · until 04 juin 2019

Ended

At this address

Other companies at this address

Company	CBE no.
VITAMINS● Active	0824.253.144

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	21/07/2025	23/09/2024	14/09/2023	15/09/2022	02/07/2021
General meeting	02/06/2026	30/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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	31/12/2025	02/06/2026	24/06/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	21/07/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	23/09/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	14/09/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	15/09/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	02/07/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	22/06/2020	French	PDF
Abridged model	31/12/2018	04/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	26/06/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	23/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	12/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	09/07/2015	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 31/12/2025 · 2 active · 4 ended

Active mandates

Claude FRIBOURG-BLANC

Chairman of the board of directors · since 04 juin 2019 · until 03 juin 2025

Active

Franck AUDIBERT

Director · since 04 juin 2019 · until 03 juin 2025

Active

Ended mandates

Franck AUDIBERT

Director · since 12 octobre 2018 · until 04 juin 2019

Ended

Bernard RAZAGHI-ASL

Managing director · since 09 octobre 2013 · until 12 octobre 2018

Ended

Bernard RAZAGHI-ASL

Managing director · since 09 octobre 2013 · until 04 juin 2019

Ended

Claude FRIBOURG-BLANC

Chairman of the board of directors · since 09 octobre 2013 · until 04 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/10/2018
DEMISSIONS, NOMINATIONS
PDF
Other21/10/2013
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025192,9 k €↓
2024
Annual accounts 2024331 k €↑
2023
Annual accounts 2023308 k €↑
2022
Annual accounts 2022289 k €↑
2021
Annual accounts 2021214,7 k €↑
2020
Annual accounts 202057,1 k €↑
2019
Annual accounts 201934,5 k €↑
2018
Annual accounts 201832,2 k €↑
2017
Annual accounts 20179,4 k €↓
2016
Annual accounts 201650 k €↓
2015
Annual accounts 201587 k €↑
2014
Annual accounts 201439,1 k €
10/10/2013
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

UP WIDER

Overview

What does UP WIDER 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