ACTIVE

Core Equity Holdings

Financial year 2025 · Closed on 31/12/2025

Net result115,6 k €-8,6 %over 1 year
Gross margin1,9 M €-26,7 %over 1 year
Equity137 k €+18,0 %over 1 year
Workforce10,1 ETP-21,7 %over 1 year

Identity

Source · BCE/KBO

Core Equity Holdings is a Public limited company incorporated in 2016. Its main activity is: Management consultancy activities. Its registered office is in Ixelles. It employs on average 10,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0655.741.081
Incorporation
30/05/2016
Legal form
Public limited company
Registered office
Avenue Louise 326
1050 Ixelles · BruxellesSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
10,1 ETP
Joint committees (1)
  • 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 11 filings

Trend over 9 financial years

20252024202320222021
Income statement
Gross margin1,9 M €2,5 M €2,2 M €1,6 M €2,5 M €
EBITDA336,3 k €568,1 k €542,2 k €648,2 k €599,6 k €
Operating result201,6 k €244,9 k €227,8 k €166,3 k €217,4 k €
Net result115,6 k €126,5 k €105,4 k €55,4 k €79,5 k €
Balance sheet
Equity137 k €116,1 k €105,3 k €97,7 k €91 k €
Total assets2,3 M €2,9 M €2,9 M €3,2 M €2,8 M €
Cash563,5 k €61 k €854,3 k €845,7 k €608,5 k €
Debts672,1 k €684,8 k €1,6 M €1,5 M €1,4 M €
Other
Workforce10,1 ETP12,9 ETP11,1 ETP8,6 ETP13,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 7 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
ZB HOLDINGS1018.765.363Represented by Florence WANG
Membre du Conseil de Directionsince 15/01/2025Mandate
CO Holdings1018.692.911Represented by Constantin OVCHINNIKOV
Membre du Conseil de Directionsince 15/01/2025
CAPE POINT1006.321.748Represented by Taahir KHAMISSA
Membre du Conseil de Surveillance01/01/2025 → 10/06/2030Membre du Conseil de Direction26/06/2024 → 2024 accountsended
COBI MANAGEMENT0676.613.701Represented by Frédéric COLLIN
Membre du Conseil de Surveillance15/02/2024 → 11/06/2029
ARTIGER0741.819.772Represented by Arthur Delesenne
Membre du Conseil de Directionsince 05/02/2024
JS ADVISORS0741.820.069Represented by Jeremy Simon
Membre du Conseil de Directionsince 05/02/2024
MACTINVEST0692.757.865Represented by Charles-Arthur de Clermont-Tonnerre
Membre du Conseil de Directionsince 05/02/2024
MUSIGNY ADVISORS0635.928.139Represented by Thomas DE WAEN
Membre du Conseil de Surveillance05/02/2024 → 11/06/2029Managing director03/10/2023 → 05/02/2024endedDirector24/10/2017 → 2018 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
LAC ROSE0745.913.865Represented by Pierre HEINRICHS
Membre du Conseil de Surveillance05/02/2024 → 2024 accounts
PROSQUARE0550.401.061Represented by Jean-Christophe MATHONET
Membre du Conseil de Surveillance05/02/2024 → 15/02/2024
Taahir KHAMISSA
Membre du Conseil de Direction05/02/2024 → 25/06/2024

Other companies at this address

Avenue Louise 326 1050 Ixelles
CompanyCBE no.
AH LEGAL● Active
0715.716.280
0408.248.848
Apheon Advisors● Active
0825.238.089
0763.572.122
0698.960.620
0696.635.786
0763.580.436
1023.415.821
ARS AEQUI● Active
0780.705.884
AVERTIM● Active
0892.519.071
0689.668.713
Brayton Global● Active
0554.946.403
0850.659.019
0888.871.376
CAPITAL HOME● Active
0533.747.448
CAPITAL RENT● Active
0533.967.776
Capital Shop● Active
0880.636.175
Citrex● Liquidation
0411.891.989
CM STUDIO● Active
1028.940.366
1010.636.961

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date17/06/202608/05/202504/06/202420/09/202329/04/202221/09/2021
General meeting05/05/202608/05/202502/05/202402/05/202327/04/202229/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/05/202617/06/2026FrenchPDF
Abridged model31/12/202408/05/202508/05/2025FrenchPDF
Abridged model31/12/202302/05/202404/06/2024FrenchPDF
Abridged modelCorrection31/12/202202/05/202320/09/2023FrenchPDF
Abridged model31/12/202202/05/202319/05/2023FrenchPDF
Abridged model31/12/202127/04/202229/04/2022FrenchPDF
Abridged model31/12/202029/04/202121/09/2021FrenchPDF
Abridged model31/12/201904/05/202022/05/2020FrenchPDF
Abridged modelCorrection31/12/201821/05/201915/04/2020FrenchPDF
Abridged model31/12/201821/05/201923/05/2019FrenchPDF
Abridged model31/12/201731/08/201831/08/2018FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 7 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
ZB HOLDINGS1018.765.363Represented by Florence WANG
Membre du Conseil de Directionsince 15/01/2025Mandate
CO Holdings1018.692.911Represented by Constantin OVCHINNIKOV
Membre du Conseil de Directionsince 15/01/2025
CAPE POINT1006.321.748Represented by Taahir KHAMISSA
Membre du Conseil de Surveillance01/01/2025 → 10/06/2030Membre du Conseil de Direction26/06/2024 → 2024 accountsended
COBI MANAGEMENT0676.613.701Represented by Frédéric COLLIN
Membre du Conseil de Surveillance15/02/2024 → 11/06/2029
ARTIGER0741.819.772Represented by Arthur Delesenne
Membre du Conseil de Directionsince 05/02/2024
JS ADVISORS0741.820.069Represented by Jeremy Simon
Membre du Conseil de Directionsince 05/02/2024
MACTINVEST0692.757.865Represented by Charles-Arthur de Clermont-Tonnerre
Membre du Conseil de Directionsince 05/02/2024
MUSIGNY ADVISORS0635.928.139Represented by Thomas DE WAEN
Membre du Conseil de Surveillance05/02/2024 → 11/06/2029Managing director03/10/2023 → 05/02/2024endedDirector24/10/2017 → 2018 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
LAC ROSE0745.913.865Represented by Pierre HEINRICHS
Membre du Conseil de Surveillance05/02/2024 → 2024 accounts
PROSQUARE0550.401.061Represented by Jean-Christophe MATHONET
Membre du Conseil de Surveillance05/02/2024 → 15/02/2024
Taahir KHAMISSA
Membre du Conseil de Direction05/02/2024 → 25/06/2024

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/11/2026
    Démission d'un membre du conseil de direction
    PDF
  • Mandates03/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/05/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/03/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings9 filings
Mandates
ZB HOLDINGS
CO Holdings
CAPE POINT
COBI MANAGEMENT
MUSIGNY ADVISORS
MACTINVEST
ARTIGER
JS ADVISORS
PROSQUARE
LAC ROSE
Taahir KHAMISSA
GLC ADVISORS
201620172018201920202021202220232024202520262027202820292030
Core Equity Holdings
Avenue Louise 326, 1050 Ixelles
Membre du Conseil de Direction
Membre du Conseil de Direction
Membre du Conseil de Surveillance
Membre du Conseil de Surveillance
Membre du Conseil de Surveillance
Membre du Conseil de Direction
Membre du Conseil de Direction
Membre du Conseil de Direction
Director
Director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue Louise 326, 1050 IxellesCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00169344

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Core Equity HoldingsCurrent
accounts 2017 → 2025
Accounts 2025 · 2026-00169344

Events

  1. 2025
    Annual accounts 2025115,6 k €↓
  2. 2024
    Annual accounts 2024126,5 k €↑
  3. 2023
    Annual accounts 2023105,4 k €↑
  4. 2022
    Annual accounts 202255,4 k €↓
  5. 2021
    Annual accounts 202179,5 k €↓
  6. 2020
    Annual accounts 2020138,6 k €↑
  7. 2019
    Annual accounts 2019121,3 k €↑
  8. 2018
    Annual accounts 201884,7 k €↑
  9. 2017
    Annual accounts 2017218 €
  10. 30/05/2016
    IncorporationPublic limited company