ACTIVE

Athena

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Financial year 2025 · closed on 30/09/2025
Net result
31,1 k €
-72.3% YoY
Gross margin
170,4 k €
-44.2% YoY
Equity
213,5 k €
+17.1% YoY
Workforce
1,1 ETP
-31.3% YoY

What does Athena do?

Athena is a Private limited company incorporated in 2014. Its main activity is: Management consultancy activities. Its registered office is in Ledegem. It employs on average 1,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0555.766.943
Incorporation
17/06/2014
Legal form
Private limited company
Registered office
Hemelhoek 91
8880 Ledegem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Average workforce
1,1 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities70100Activities of head offices70100Activities of head offices
Joint committees (3)
  • 200
  • 2000
  • 20000
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202020192018201720162015
Income statement
Gross margin170,4 k €305,5 k €303,5 k €254,3 k €167,4 k €188 k €177,6 k €185,3 k €123 k €126,4 k €
EBITDA82,8 k €180,1 k €162,9 k €124,4 k €58,2 k €83,2 k €112 k €128,3 k €81 k €109,9 k €
Operating result52,8 k €150,1 k €132,9 k €94,4 k €28,2 k €43,8 k €68,9 k €85,1 k €37,8 k €18,8 k €
Net result31,1 k €112,3 k €99,9 k €70,4 k €16,3 k €24,7 k €54,2 k €65,5 k €17,4 k €429,6 €
Balance sheet
Equity213,5 k €182,4 k €70,1 k €52,6 k €87 k €70,8 k €56,1 k €51,9 k €36,4 k €19 k €
Total assets602,2 k €622,7 k €650,2 k €709 k €764,8 k €833,8 k €903,8 k €947,8 k €947,1 k €981,2 k €
Cash11,1 k €0 €17,1 k €32,5 k €26,4 k €2,6 k €11,5 k €3,6 k €11,8 k €8,1 k €
Debts375,5 k €439,6 k €578,9 k €655,4 k €677,7 k €763 k €847,7 k €895,9 k €900,3 k €962,2 k €
Other
Workforce1,1 ETP1,6 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP1,1 ETP1,0 ETP1,0 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Peter Espeel

Director · since 17 juin 2014

Active

Ended mandates

Peter Espeel

Director

Ended
Peter Espeel

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/04/202625/04/202519/04/202421/03/202329/03/202230/03/2021
General meeting10/03/202611/03/202512/03/202414/03/202308/03/202209/03/2021
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
Abridged model30/09/202510/03/202625/04/2026DutchPDF
Abridged model30/09/202411/03/202525/04/2025DutchPDF
Abridged model30/09/202312/03/202419/04/2024DutchPDF
Abridged model30/09/202214/03/202321/03/2023DutchPDF
Abridged model30/09/202108/03/202229/03/2022DutchPDF
Abridged model30/09/202009/03/202130/03/2021DutchPDF
Abridged model30/09/201910/03/202022/04/2020DutchPDF
Abridged model30/09/201812/03/201915/03/2019DutchPDF
Abridged model30/09/201713/03/201803/04/2018DutchPDF
Abridged model30/09/201614/03/201715/03/2017DutchPDF
Abridged model30/09/201508/03/201630/03/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 1 active · 2 ended

Active mandates

Peter Espeel

Director · since 17 juin 2014

Active

Ended mandates

Peter Espeel

Director

Ended
Peter Espeel

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/12/2021
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/05/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other16/07/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202531,1 k €↓
  2. 2024
    Annual accounts 2024112,3 k €↑
  3. 2023
    Annual accounts 202399,9 k €↑
  4. 2022
    Annual accounts 202270,4 k €↑
  5. 2020
    Annual accounts 202016,3 k €↓
  6. 2019
    Annual accounts 201924,7 k €↓
  7. 2018
    Annual accounts 201854,2 k €↓
  8. 2017
    Annual accounts 201765,5 k €↑
  9. 2016
    Annual accounts 201617,4 k €↑
  10. 2015
    Annual accounts 2015429,6 €
  11. 17/06/2014
    IncorporationPrivate limited company