ACTIVE

ERNEST 11

Financial year 2025 · closed on 31/12/2025
Net result
404,5 k €
+18.1% YoY
Gross margin
1,1 M €
+8.8% YoY
Equity
4 M €
+11.1% YoY

What does ERNEST 11 do?

ERNEST 11 is a Public limited company incorporated in 2017. Its registered office is in Etterbeek.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0677.886.973
Incorporation
04/07/2017
Legal form
Public limited company
Registered office
Avenue de Tervueren 43
1040 Etterbeek · BruxellesSee on map
Contributed capital
2 593 425,93 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin1,1 M €970,2 k €993,4 k €
EBITDA915,4 k €834 k €862,4 k €
Operating result585,8 k €507,7 k €536,6 k €
Net result404,5 k €342,4 k €348 k €
Balance sheet
Equity4 M €3,6 M €3,3 M €
Total assets9,8 M €9,9 M €10,5 M €
Cash8,9 k €298,4 k €469,8 k €
Debts5,7 M €6,3 M €7 M €
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 31/12/2025 · 4 active · 6 ended

Active mandates

ASSETS INVESTMENTS AND CONSULTANCY

Director · since 29 juin 2023 · until 25 juin 2026 · 0463.801.243

Represented by Serge Demoulin

Active
GSV CONSULT

Chairman of the board of directors · since 29 juin 2023 · until 25 juin 2026 · 0668.500.046

Represented by Guy Savoir

Active
SECUREX VIE

Director · since 29 juin 2023 · until 25 juin 2026 · 0422.900.402

Represented by Pierre Princen

Active
Alain Braive

Director · since 23 juin 2022 · until 27 juin 2027

Active

Ended mandates

ASSETS INVESTMENTS AND CONSULTANCY

Director · since 29 juin 2023 · until 29 juin 2026 · 0463.801.243

Represented by Serge Demoulin

Ended
GSV CONSULT

Chairman of the board of directors · since 29 juin 2023 · until 29 juin 2026 · 0668.500.046

Represented by Guy Savoir

Ended
SECUREX VIE

Director · since 29 juin 2023 · until 29 juin 2026 · 0422.900.402

Represented by Pierre Princen

Ended
Alain Braive

Director · since 23 juin 2022 · until 27 juin 2024

Ended
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Annual accounts

Full financial information

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 date06/07/202630/06/202512/07/202411/07/202324/06/202216/06/2021
General meeting23/06/202626/06/202527/06/202429/06/202323/06/202215/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202523/06/202606/07/2026FrenchPDF
Abridged model31/12/202426/06/202530/06/2025FrenchPDF
Abridged model31/12/202327/06/202412/07/2024FrenchPDF
Abridged model31/12/202229/06/202311/07/2023FrenchPDF
Abridged model31/12/202123/06/202224/06/2022FrenchPDF
Abridged model31/12/202015/06/202116/06/2021FrenchPDF
Abridged model31/12/201926/08/202029/10/2020FrenchPDF
Abridged model31/12/201818/06/201928/06/2019FrenchPDF
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 31/12/2025 · 4 active · 6 ended

Active mandates

ASSETS INVESTMENTS AND CONSULTANCY

Director · since 29 juin 2023 · until 25 juin 2026 · 0463.801.243

Represented by Serge Demoulin

Active
GSV CONSULT

Chairman of the board of directors · since 29 juin 2023 · until 25 juin 2026 · 0668.500.046

Represented by Guy Savoir

Active
SECUREX VIE

Director · since 29 juin 2023 · until 25 juin 2026 · 0422.900.402

Represented by Pierre Princen

Active
Alain Braive

Director · since 23 juin 2022 · until 27 juin 2027

Active

Ended mandates

ASSETS INVESTMENTS AND CONSULTANCY

Director · since 29 juin 2023 · until 29 juin 2026 · 0463.801.243

Represented by Serge Demoulin

Ended
GSV CONSULT

Chairman of the board of directors · since 29 juin 2023 · until 29 juin 2026 · 0668.500.046

Represented by Guy Savoir

Ended
SECUREX VIE

Director · since 29 juin 2023 · until 29 juin 2026 · 0422.900.402

Represented by Pierre Princen

Ended
Alain Braive

Director · since 23 juin 2022 · until 27 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other30/11/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates16/09/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    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 2025404,5 k €
  2. 2024
    Annual accounts 2024342,4 k €
  3. 2023
    Annual accounts 2023348 k €
  4. 04/07/2017
    IncorporationPublic limited company