ACTIVE

FLASH Management

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Financial year 2025 · closed on 31/12/2025

Net result

257,4 k €

+9.1% YoY

Revenue

1,3 M €

+9.0% YoY

Equity

285,4 k €

+15.1% YoY

Workforce

6,3 ETP

+5.0% YoY

What does FLASH Management do?

FLASH Management is a Public limited company incorporated in 2013. Its registered office is in Liège. It employs on average 6,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0543.613.734

Incorporation

26/12/2013

Legal form

Public limited company

Registered office

Rue Léon-Frédéricq 14
4020 Liège · WallonieSee on map

Contributed capital

101 100,00 €

Latest accounts

31/12/2025

Average workforce

6,3 ETP

Joint committees (1)

Signals

ProfitablePositive 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
Revenue	1,3 M €	+9.0%	1,2 M €	-0.7%	1,2 M €		–		–		–		–		–		–		–		–		–
EBITDA	447,1 k €	-2.5%	458,3 k €	-25.4%	614,1 k €	+21.6%	505 k €	+3.8%	486,5 k €	+86.9%	260,3 k €	-27.5%	358,8 k €	-5.6%	380,1 k €	+12.2%	338,7 k €	-6.6%	362,8 k €	+715%	44,5 k €	+181%	-55,1 k €
Operating result	348,4 k €	+16.7%	298,6 k €	-29.2%	421,5 k €	+26.7%	332,6 k €	+3.2%	322,2 k €	+230%	97,5 k €	-46.5%	182,2 k €	-12.2%	207,5 k €	+22.8%	169 k €	-10.6%	189,1 k €	+349%	-75,8 k €	+21.8%	-97 k €
Net result	257,4 k €	+9.1%	236 k €	-25.0%	314,8 k €	+35.3%	232,6 k €	+3.2%	225,5 k €	+1748%	-13,7 k €	-116%	85,4 k €	-14.3%	99,7 k €	+12.6%	88,5 k €	-10.6%	99 k €	+166%	-149,3 k €	-32.2%	-112,9 k €
Balance sheet
Equity	285,4 k €	+15.1%	248 k €	+6.9%	232 k €	+6.8%	217,3 k €	+36.1%	159,6 k €	+69.6%	94,1 k €	-51.2%	192,8 k €	+10.2%	175 k €	-12.1%	199 k €	+80.1%	110,5 k €	+861%	11,5 k €	+129%	-39,2 k €
Total assets	1,2 M €	-9.2%	1,4 M €	-13.0%	1,6 M €	-9.4%	1,7 M €	+10.6%	1,6 M €	+0.2%	1,6 M €	-12.4%	1,8 M €	-1.5%	1,8 M €	-10.2%	2 M €	-6.7%	2,2 M €	-1.8%	2,2 M €	+59.6%	1,4 M €
Cash	53,8 k €	-43.0%	94,2 k €	-20.8%	119 k €	-49.8%	237 k €	-19.5%	294,3 k €	+174%	107,2 k €	-39.6%	177,6 k €	+109%	85 k €	-45.6%	156,4 k €	+9.9%	142,3 k €	+187%	49,5 k €	-13.4%	57,2 k €
Debts	933 k €	-16.1%	1,1 M €	-15.5%	1,3 M €	-11.8%	1,5 M €	+7.8%	1,4 M €	-5.2%	1,5 M €	-7.7%	1,6 M €	-2.7%	1,6 M €	-9.8%	1,8 M €	-11.2%	2 M €	-6.2%	2,2 M €	+53.6%	1,4 M €
Other
Workforce	6,3 ETP	+5.0%	6,0 ETP	0.0%	6,0 ETP	+13.2%	5,3 ETP	+6.0%	5,0 ETP	-5.7%	5,3 ETP	+6.0%	5,0 ETP	0.0%	5,0 ETP	+13.6%	4,4 ETP	+4.8%	4,2 ETP	+10.5%	3,8 ETP	+72.7%	2,2 ETP

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 · 3 active · 8 ended

Active mandates

LAMY Evelyne

Director · since 28 février 2023

Active

LBMC

Director · since 28 février 2023 · 0741.961.710

Represented by Laurent BURETTE

Active

FINANCIERE SAINT PAUL

Managing director · since 21 septembre 2022 · until 21 septembre 2028 · 0445.226.832

Represented by Stephan UHODA

Active

Ended mandates

LAMY Evelyne

Director · since 28 février 2023 · until 28 février 2029

Ended

LBMC

Director · since 28 février 2023 · until 28 février 2029 · 0741.961.710

Represented by Laurent BURETTE

Ended

FINANCIERE SAINT PAUL

Director · since 21 septembre 2022 · until 21 septembre 2028 · 0445.226.832

Represented by Stephan UHODA

Ended

FINANCIERE SAINT PAUL

Director · since 01 janvier 2021 · until 30 juin 2027 · 0445.226.832

Represented by Stephan UHODA

Ended

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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	10/07/2026	30/07/2025	22/07/2024	06/07/2023	07/07/2022	19/06/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	10/06/2021
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	30/06/2026	10/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	22/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	07/07/2022	French	PDF
Abridged model	31/12/2020	10/06/2021	19/06/2021	French	PDF
Abridged model	31/12/2019	11/06/2020	29/06/2020	French	PDF
Abridged model	31/12/2018	13/06/2019	18/06/2019	French	PDF
Abridged model	31/12/2017	14/06/2018	14/06/2018	French	PDF
Abridged model	31/12/2016	08/06/2017	19/06/2017	French	PDF
Abridged model	31/12/2015	09/06/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	11/06/2015	09/07/2015	French	PDF

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 · 3 active · 8 ended

Active mandates

LAMY Evelyne

Director · since 28 février 2023

Active

LBMC

Director · since 28 février 2023 · 0741.961.710

Represented by Laurent BURETTE

Active

FINANCIERE SAINT PAUL

Managing director · since 21 septembre 2022 · until 21 septembre 2028 · 0445.226.832

Represented by Stephan UHODA

Active

Ended mandates

LAMY Evelyne

Director · since 28 février 2023 · until 28 février 2029

Ended

LBMC

Director · since 28 février 2023 · until 28 février 2029 · 0741.961.710

Represented by Laurent BURETTE

Ended

FINANCIERE SAINT PAUL

Director · since 21 septembre 2022 · until 21 septembre 2028 · 0445.226.832

Represented by Stephan UHODA

Ended

FINANCIERE SAINT PAUL

Director · since 01 janvier 2021 · until 30 juin 2027 · 0445.226.832

Represented by Stephan UHODA

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates19/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/10/2020
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares11/01/2019
CAPITAL, ACTIONS
PDF
Capital / shares27/07/2015
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 2025257,4 k €↑
2024
Annual accounts 2024236 k €↓
2023
Annual accounts 2023314,8 k €↑
2022
Annual accounts 2022232,6 k €↑
2021
Annual accounts 2021225,5 k €↑
2020
Annual accounts 2020-13,7 k €↓
2019
Annual accounts 201985,4 k €↓
2018
Annual accounts 201899,7 k €↑
2017
Annual accounts 201788,5 k €↓
2016
Annual accounts 201699 k €↑
2015
Annual accounts 2015-149,3 k €↓
2014
Annual accounts 2014-112,9 k €
26/12/2013
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

FLASH Management

Overview

What does FLASH Management 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