ACTIVE

B4E

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Financial year 2025 · closed on 31/12/2025
Net result
-113 k €
-194.4% YoY
Gross margin
36,7 k €
-85.4% YoY
Equity
252,2 k €
-30.9% YoY

What does B4E do?

B4E is a Private company with limited liability incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Waterloo.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0635.630.310
Incorporation
19/08/2015
Legal form
Private company with limited liability
Registered office
Rue de l'Etang 40
1410 Waterloo · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities71112Architectural activities71112Architectural activities71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy
Signals
Solid equityLow riskPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920172016
Income statement
Gross margin36,7 k €251,2 k €198 k €174,3 k €179,4 k €151,4 k €179 k €55 k €93,8 k €
EBITDA27,8 k €241,5 k €190 k €153,2 k €172,1 k €140,5 k €171,4 k €49,3 k €86,9 k €
Operating result-31,4 k €180,2 k €77,1 k €95,7 k €120,6 k €70,1 k €103 k €1,5 k €15,8 k €
Net result-113 k €119,7 k €48,2 k €61,6 k €61,2 k €45 k €69,7 k €-22,2 k €3,3 €
Balance sheet
Equity252,2 k €365,2 k €245,5 k €197,3 k €135,7 k €74,4 k €29,4 k €-16 k €6,2 k €
Total assets827,8 k €906,9 k €880,4 k €919,8 k €867,5 k €872 k €813,7 k €818,5 k €453,7 k €
Cash51,1 k €82,5 k €187,5 k €135,7 k €57,1 k €46,5 k €2,8 k €12,6 k €11,2 k €
Debts575,7 k €541,7 k €634,9 k €722,5 k €731,8 k €797,5 k €784,3 k €834,5 k €447,5 k €
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 · 3 active · 2 ended

Active mandates

Christelle Fesler

Director · since 19 août 2015

Active
David Baldwin

Director · since 19 août 2015

Active
David Baldwin

Director

Active

Ended mandates

Christelle FESLER

Manager · since 18 août 2015

Ended
David BALDWIN

Manager · since 18 août 2015

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelMicro 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 date21/08/202630/08/202527/08/202406/09/202302/08/202226/08/2021
General meeting21/08/202630/08/202526/08/202431/08/202327/07/202218/08/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202521/08/202621/08/2026FrenchPDF
Micro model31/12/202430/08/202530/08/2025FrenchPDF
Micro model31/12/202326/08/202427/08/2024FrenchPDF
Micro model31/12/202231/08/202306/09/2023FrenchPDF
Abridged model31/12/202127/07/202202/08/2022FrenchPDF
Micro model31/12/202018/08/202126/08/2021FrenchPDF
Micro model31/12/201915/06/202022/06/2020FrenchPDF
Micro model31/12/201731/08/201831/08/2018FrenchPDF
Abridged model31/12/201630/06/201727/07/2017FrenchPDF
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 · 3 active · 2 ended

Active mandates

Christelle Fesler

Director · since 19 août 2015

Active
David Baldwin

Director · since 19 août 2015

Active
David Baldwin

Director

Active

Ended mandates

Christelle FESLER

Manager · since 18 août 2015

Ended
David BALDWIN

Manager · since 18 août 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other21/08/2015
    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

Timeline

  1. 2025
    Annual accounts 2025-113 k €↓
  2. 2024
    Annual accounts 2024119,7 k €↑
  3. 2023
    Annual accounts 202348,2 k €↓
  4. 2022
    Annual accounts 202261,6 k €↑
  5. 2021
    Annual accounts 202161,2 k €↑
  6. 2020
    Annual accounts 202045 k €↓
  7. 2019
    Annual accounts 201969,7 k €↑
  8. 2017
    Annual accounts 2017-22,2 k €↓
  9. 2016
    Annual accounts 20163,3 €
  10. 19/08/2015
    IncorporationPrivate company with limited liability