ACTIVE

BGF Management

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Financial year 2025 · Closed on 31/12/2025

Net result58,5 k €-7,1 %over 1 year

Revenue1,6 M €0,0 %over 1 year

Equity203,3 k €+40,4 %over 1 year

Identity

Source · BCE/KBO

BGF Management is a Public limited company incorporated in 2019. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0725.850.010
Incorporation: 29/04/2019
Legal form: Public limited company
Registered office: Rue du Vieux Marché aux Grains 63
1000 Bruxelles · BruxellesSee on map
Contributed capital: 100 000,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 7 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,6 M €	0.0%	1,6 M €	0.0%	1,6 M €	-0.1%	1,6 M €	+0.3%	1,6 M €
EBITDA	74,4 k €	+0.7%	73,9 k €	+3.0%	71,8 k €	-4.2%	74,9 k €	+1.0%	74,1 k €
Operating result	74,4 k €	+0.7%	73,9 k €	+3.0%	71,8 k €	-4.2%	74,9 k €	+1.0%	74,1 k €
Net result	58,5 k €	-7.1%	62,9 k €	+16.4%	54 k €	-3.4%	56 k €	+1.2%	55,3 k €
Balance sheet
Equity	203,3 k €	+40.4%	144,9 k €	-56.4%	331,9 k €	+19.4%	277,9 k €	+25.2%	222 k €
Total assets	207,8 k €	-48.2%	401,4 k €	+18.4%	339 k €	+19.5%	283,7 k €	+25.9%	225,4 k €
Cash	203,1 k €	-48.3%	393,1 k €	+24.2%	316,4 k €	+18.1%	267,9 k €	+27.2%	210,6 k €
Debts	4,3 k €	-98.3%	255,8 k €	+3689%	6,8 k €	+15.7%	5,8 k €	+67.6%	3,5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Rabaey	Director01/01/2020 → 20/06/2030
Marie Bouillez	Director29/04/2019 → 20/06/2030
Philippe De Vicq De Cumptich	Director01/01/2020 → 20/06/2030
Pierre Demaerel	Chairman of the board of directors01/01/2020 → 20/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALITHEA0462.999.608Represented by Pierre Demaerel	Chairman of the board of directors29/04/2019 → 2019 accounts
Axxis0832.839.822Represented by Philippe de Vicq de Cumptich	Director29/04/2019 → 2019 accounts
BEVER CONSULTING0883.695.635Represented by Bart Rabaey	Director29/04/2019 → 2019 accounts

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Rue du Vieux Marché aux Grains 63 1000 Bruxelles

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ARKimedes-Fonds● Liquidation	0874.381.358
ARKIMEDES MANAGEMENT● Active	0863.557.445
Aurora Pyxis● Active	1030.884.326
Avante Biocapital Advisers● Active	1015.606.925
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Belgian Growth Fund I● Active	0725.901.280
Belgian Growth Fund II● Active	1017.591.960
BGF II Management● Active	1016.285.133
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EPICo II● Active	0786.413.840
EPICo II Water● Active	0802.109.727
EPICo II Wind● Active	0787.696.121
European Projects Investment Company● Active	0671.531.097
Fietsersbond● Active	0455.348.880
Flanders Future Techfund● Active	0729.794.445
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INVEST FOR JOBS● Active	0644.590.437

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/06/2026	24/06/2025	26/06/2024	16/06/2023	22/06/2022	01/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 7 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/06/2026	22/06/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	16/06/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	22/06/2022	Dutch	PDF
Full model	31/12/2020	17/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	18/06/2020	08/07/2020	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Rabaey	Director01/01/2020 → 20/06/2030
Marie Bouillez	Director29/04/2019 → 20/06/2030
Philippe De Vicq De Cumptich	Director01/01/2020 → 20/06/2030
Pierre Demaerel	Chairman of the board of directors01/01/2020 → 20/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALITHEA0462.999.608Represented by Pierre Demaerel	Chairman of the board of directors29/04/2019 → 2019 accounts
Axxis0832.839.822Represented by Philippe de Vicq de Cumptich	Director29/04/2019 → 2019 accounts
BEVER CONSULTING0883.695.635Represented by Bart Rabaey	Director29/04/2019 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/07/2025
Einde mandaat commissaris - Benoeming commissaris
PDF
Mandates30/08/2024
Herbenoeming bestuurders
PDF
Other08/04/2024
Bijzondere volmachten
PDF
Other06/11/2023
Wijziging vaste vertegenwoordiger commissaris ‘
PDF
Other07/11/2022
Bijzondere volmachten
PDF
Mandates24/08/2022
Herbenoeming commissaris
PDF
Mandates19/02/2020
Ontslag en benoeming van bestuurders
PDF
Other19/09/2019
DIVERSEN
PDF

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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

Filings7 filings

Mandates

Bart Rabaey

Philippe De Vicq De Cumptich

Marie Bouillez

Pierre Demaerel

ALITHEA

Axxis

BEVER CONSULTING

201920202021202220232024202520262027202820292030

BGF Management

Rue du Vieux Marché aux Grains 63, 1000 Brussels

Director

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Vieux Marché aux Grains 63, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00194630

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BGF ManagementCurrent	accounts 2019 → 2025	Accounts 2025 · 2026-00194630

Events

2025
Annual accounts 202558,5 k €↓
2024
Annual accounts 202462,9 k €↑
2023
Annual accounts 202354 k €↓
2022
Annual accounts 202256 k €↑
2021
Annual accounts 202155,3 k €↑
2020
Annual accounts 202052,7 k €↑
2019
Annual accounts 201913,9 k €
29/04/2019
IncorporationPublic limited company

BGF Management

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events