ACTIVE

Downstream

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Financial year 2025 · closed on 31/12/2025
Net result
38,6 k €
+8.6% YoY
Gross margin
54,3 k €
+237.4% YoY
Equity
115,2 k €
+50.4% YoY

What does Downstream do?

Downstream is a Private limited company incorporated in 2019. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Herve.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0739.830.876
Incorporation
19/12/2019
Legal form
Private limited company
Registered office
Rue de Verviers 107
4650 Herve · WallonieSee on map
Contributed capital
5 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
69201Accounting, bookkeeping and auditing activities; tax consultancy· main69202Accounting, bookkeeping and auditing activities; tax consultancy69201Accounting, bookkeeping and auditing activities; tax consultancy
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin54,3 k €16,1 k €14,1 k €14,2 k €13,3 k €8,5 k €
EBITDA53,4 k €15 k €13,1 k €13,2 k €13,2 k €8,5 k €
Operating result47,7 k €9,3 k €7,5 k €7,6 k €12,4 k €7 k €
Net result38,6 k €35,5 k €26,4 k €24,9 k €21,8 k €13,8 k €
Balance sheet
Equity115,2 k €76,6 k €91,1 k €64,7 k €39,8 k €18,8 k €
Total assets122,9 k €84,2 k €99,9 k €84,8 k €69,6 k €48,1 k €
Cash47,2 k €31,3 k €53,8 k €28,1 k €33,9 k €12,2 k €
Debts7,7 k €7,6 k €8,8 k €20,1 k €29,8 k €29,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Thibaut GERON

Director · since 18 décembre 2019

Active

Ended mandates

Thibaut GERON

Director · since 19 décembre 2019

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202119/12/2019
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 months13 months
Filing date13/07/202630/07/202531/08/202428/08/202327/06/202230/08/2021
General meeting15/06/202630/06/202508/03/202426/05/202327/05/202228/05/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/06/202613/07/2026FrenchPDF
Abridged model31/12/202430/06/202530/07/2025FrenchPDF
Abridged model31/12/202308/03/202431/08/2024FrenchPDF
Abridged model31/12/202226/05/202328/08/2023FrenchPDF
Abridged model31/12/202127/05/202227/06/2022FrenchPDF
Abridged model31/12/202028/05/202130/08/2021FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 1 ended

Active mandates

Thibaut GERON

Director · since 18 décembre 2019

Active

Ended mandates

Thibaut GERON

Director · since 19 décembre 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office15/07/2024
    SIEGE SOCIAL - OBJET
    PDF
  • Other23/12/2019
    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 202538,6 k €↑
  2. 2024
    Annual accounts 202435,5 k €↑
  3. 2023
    Annual accounts 202326,4 k €↑
  4. 2022
    Annual accounts 202224,9 k €↑
  5. 2021
    Annual accounts 202121,8 k €↑
  6. 2020
    Annual accounts 202013,8 k €
  7. 19/12/2019
    IncorporationPrivate limited company