ACTIVE

PARTICIBEL

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Financial year 2025 · closed on 30/09/2025

Net result

2 M €

+104.4% YoY

Gross margin

165,8 k €

+47.8% YoY

Equity

7,3 M €

+39.0% YoY

Workforce

1,0 ETP

0.0% YoY

What does PARTICIBEL do?

PARTICIBEL is a Private limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Celles (lez-Tournai). It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0589.953.604

Incorporation

30/01/2015

Legal form

Private limited company

Registered office

Fauchy (VEL) 2
7760 Celles (lez-Tournai) · Wallonie

Contributed capital

600 000,00 €

Latest accounts

30/09/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.64200Activities of holding companies 64210Activities of holding companies+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016
Income statement
Gross margin	165,8 k €	+47.8%	112,2 k €	+978%	10,4 k €	-82.3%	58,7 k €	-18.9%	72,4 k €	+9.3%	66,3 k €	+22.0%	54,3 k €	+45.2%	37,4 k €	+138%	-99,6 k €
EBITDA	33,4 k €	+97.5%	16,9 k €	+64.6%	10,3 k €	-82.5%	58,5 k €	-19.0%	72,2 k €	+10.6%	65,2 k €	+20.4%	54,2 k €	+45.2%	37,3 k €	+137%	-99,6 k €
Operating result	11,3 k €	+325%	-5 k €	+56.8%	-11,7 k €	-132%	36,5 k €	+606%	5,2 k €	+447%	-1,5 k €	+77.6%	-6,7 k €	+71.7%	-23,5 k €	+76.4%	-99,6 k €
Net result	2 M €	+104%	999,9 k €	+3.9%	962,7 k €	+80.6%	533 k €	+27982%	1,9 k €	+22.5%	1,5 k €	-99.9%	1 M €	+108%	503 k €	-64.1%	1,4 M €
Balance sheet
Equity	7,3 M €	+39.0%	5,2 M €	+23.6%	4,2 M €	+29.4%	3,3 M €	+19.5%	2,7 M €	+0.3%	2,7 M €	+0.1%	2,7 M €	-41.7%	4,7 M €	+6.9%	4,4 M €
Total assets	7,4 M €	+36.7%	5,4 M €	+10.4%	4,9 M €	+9.3%	4,5 M €	-10.0%	5 M €	+10.7%	4,5 M €	-0.0%	4,5 M €	-4.2%	4,7 M €	-7.0%	5 M €
Cash	613,7 k €	+52.7%	401,8 k €	+122%	180,7 k €	-46.1%	335,2 k €	-55.4%	752,3 k €	+538%	117,8 k €	+28.1%	92 k €	-68.2%	289,1 k €	-9.1%	317,9 k €
Debts	107,9 k €	-35.9%	168,4 k €	-74.4%	657,8 k €	-45.3%	1,2 M €	-46.1%	2,2 M €	+26.8%	1,8 M €	-0.1%	1,8 M €	+29114%	6 k €	-99.1%	654,3 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

Emmanuel FLAUW

Director

Active

Ended mandates

Emmanuel Flauw

Manager · since 19 janvier 2015

Ended

Emmanuel FLAUW

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Badminton de Celles● Active	0450.673.480
FV FINANCE● Active	0894.369.001
LAVENS COMPTA-FISC● Active	0542.679.960
PHILBIDACEL● Active	0894.441.552

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/04/2026	06/03/2025	14/02/2024	08/01/2023	31/01/2022	23/12/2020
General meeting	12/12/2025	13/12/2024	08/12/2023	09/12/2022	10/12/2021	11/12/2020
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	12/12/2025	21/04/2026	French	PDF
Abridged model	30/09/2024	13/12/2024	06/03/2025	French	PDF
Abridged model	30/09/2023	08/12/2023	14/02/2024	French	PDF
Abridged model	30/09/2022	09/12/2022	08/01/2023	French	PDF
Abridged model	30/09/2021	10/12/2021	31/01/2022	French	PDF
Abridged model	30/09/2020	11/12/2020	23/12/2020	French	PDF
Abridged model	30/09/2019	13/12/2019	07/01/2020	French	PDF
Abridged model	30/09/2018	14/12/2018	21/01/2019	French	PDF
Abridged model	30/09/2017	08/12/2017	29/12/2017	French	PDF
Abridged model	30/09/2016	09/12/2016	11/01/2017	French	PDF
Abridged model	30/09/2015	11/12/2015	09/05/2016	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

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

Active mandates

Emmanuel FLAUW

Director

Active

Ended mandates

Emmanuel Flauw

Manager · since 19 janvier 2015

Ended

Emmanuel FLAUW

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2024
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Registered office20/06/2022
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Capital / shares28/12/2017
CAPITAL, ACTIONS
PDF
Registered office09/12/2015
SIEGE SOCIAL - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/11/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other01/07/2015
DIVERSEN
PDF
Other03/02/2015
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

2025
Annual accounts 20252 M €↑
2024
Annual accounts 2024999,9 k €↑
2023
Annual accounts 2023962,7 k €↑
2022
Annual accounts 2022533 k €↑
2021
Annual accounts 20211,9 k €↑
2019
Annual accounts 20191,5 k €↓
2018
Annual accounts 20181 M €↑
2017
Annual accounts 2017503 k €↓
2016
Annual accounts 20161,4 M €
30/01/2015
IncorporationPrivate 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

PARTICIBEL

Overview

What does PARTICIBEL do?

Trend over 9 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