ACTIVE

Meuse Bidco

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Financial year 2025 · closed on 31/12/2025
Net result
65 M €
-58.9% YoY
Revenue
2,2 M €
-41.3% YoY
Equity
729,9 M €
+9.8% YoY
Workforce
1,0 ETP
0.0% YoY

What does Meuse Bidco do?

Meuse Bidco is a Public limited company incorporated in 2021. Its main activity is: Activities of holding companies. Its registered office is in Liège. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0778.683.336
Incorporation
15/12/2021
Legal form
Public limited company
Registered office
Rue des Guillemins 129
4000 Liège · WallonieSee on map
Contributed capital
556 197 491,44 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (1)
  • 200
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242022
Income statement
Revenue2,2 M €3,7 M €–
EBITDA281,5 k €2 M €-16,4 M €
Operating result281,2 k €2 M €-16,4 M €
Net result65 M €158,1 M €-24,1 M €
Balance sheet
Equity729,9 M €664,9 M €409,6 M €
Total assets736,3 M €953,9 M €849,2 M €
Debts6,4 M €288,9 M €439,5 M €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2025 · 3 active

Active mandates

Emmanuel MEWISSEN

Managing director · since 07 juillet 2022 · until 12 juin 2028

Active
Nicolas LEONARD

Managing director · since 07 juillet 2022 · until 12 juin 2028

Active
Sylvain BONIVER

Director · since 07 juillet 2022 · until 12 juin 2028

Active
At this address

Other companies at this address

CompanyCBE no.
ALLIN1● Active
1009.334.983
ARDENT BETTING● Active
0459.573.924
ARDENT CASINO INTERNATIONAL● Active
0700.809.954
BIGB GAMING● Active
0779.530.008
CIRCUS BELGIUM● Active
0451.000.609
CIRCUS SERVICES● Active
0864.036.507
CORTEX HOLDING● Active
0555.947.679
EURO 78● Active
0423.111.426
Fondation Privée FOUNDATION1● Active
0788.196.759
FOUNDATION ALLIN1● Active
1009.343.594
GAMBLING MANAGEMENT● Active
0859.984.677
GAMBLING REAL ESTATE● Active
0700.808.271
GAMES SERVICES● Active
0423.669.076
GAMING ARDENT● Active
0667.768.487
HQ1● Active
0738.871.467
IP Trade● Active
0473.113.837
LUCKY BET● Active
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Meuse Finco● Active
0778.734.311
Meuse Midco● Active
0778.513.684
NAMUR CASINO RESORT● Active
0654.871.150
Annual accounts

Full financial information

2025202420232022
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202314/12/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months13 months
Filing date15/06/202626/06/202501/07/202407/07/2023
General meeting08/06/202610/06/202528/06/202412/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/06/202615/06/2026FrenchPDF
Full model31/12/202410/06/202526/06/2025FrenchPDF
Full model31/12/202328/06/202401/07/2024FrenchPDF
Full model31/12/202212/06/202307/07/2023FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active

Active mandates

Emmanuel MEWISSEN

Managing director · since 07 juillet 2022 · until 12 juin 2028

Active
Nicolas LEONARD

Managing director · since 07 juillet 2022 · until 12 juin 2028

Active
Sylvain BONIVER

Director · since 07 juillet 2022 · until 12 juin 2028

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares11/02/2026
    CAPITAL, ACTIONS
    PDF
  • Mandates19/05/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares16/05/2024
    CAPITAL, ACTIONS
    PDF
  • Mandates05/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares01/09/2023
    CAPITAL, ACTIONS
    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. 05/02/2026
    reduction_capital
  2. 2025
    Annual accounts 202565 M €↓
  3. 14/04/2025
    nominationSteven SCHEERS — mandataire special
  4. 2024
    Annual accounts 2024158,1 M €↑
  5. 17/07/2024
    nominationCatheline DUVIVIER — mandataire spécial (ressources humaines)
  6. 17/07/2024
    nominationAnne LAMBERT — mandataire spécial (ressources humaines)
  7. 17/07/2024
    nominationJulien PETITNIOT — mandataire spécial (ressources humaines)
  8. 17/07/2024
    nominationDorian VERFAILLE — mandataire spécial (ressources humaines)
  9. 01/01/2024
    augmentation_capital
  10. 12/10/2023
    reconductionBDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES — commissaire
  11. 12/10/2023
    nominationChristian Schmetz — représentant permanent
  12. 21/08/2023
    augmentation_capital
  13. 15/06/2023
    augmentation_capital
  14. 2022
    Annual accounts 2022-24,1 M €
  15. 07/07/2022
    nominationSonia AREZKI — mandataire spécial aux fins d'accomplir, au nom et pour le compte de la société les pouvoirs spéciaux limitativement énumérés ci-dessous
  16. 07/07/2022
    nominationEmmanuel Mewissen — délégué à la gestion journalière
  17. 07/07/2022
    nominationNicolas Léonard — délégué à la gestion journalière
  18. 07/07/2022
    apportMeuse Midco
  19. 06/07/2022
    augmentation_capital
  20. 15/12/2021
    IncorporationPublic limited company