ACTIVE

ERM Project

Financial year 2025 · Closed on 31/12/2025

Net result64,2 k €-18,7 %over 1 year

Gross margin550,4 k €-3,7 %over 1 year

Equity453,1 k €+8,2 %over 1 year

Identity

Source · BCE/KBO

ERM Project is a Private limited company incorporated in 2008. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Mont-Saint-Guibert.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0806.568.262
Incorporation: 24/09/2008
Legal form: Private limited company
Registered office: Rue Emile Francqui 1
1435 Mont-Saint-Guibert · WallonieSee on map
Contributed capital: 20 460,00 €
Latest accounts: 31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 71209Technical testing and analysis 71209Technical testing and analysis 70200Management consultancy activities 70220Business and other management consultancy activities+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	550,4 k €	-3.7%	571,8 k €	+48.7%	384,4 k €	-21.7%	491,2 k €	+6.8%	459,8 k €
EBITDA	109,5 k €	-26.6%	149,2 k €	+586%	21,7 k €	-88.5%	188,5 k €	-11.5%	213 k €
Operating result	102,5 k €	-12.4%	117 k €	+1874%	5,9 k €	-96.6%	175,3 k €	-13.2%	202 k €
Net result	64,2 k €	-18.7%	79 k €	+645%	-14,5 k €	-113%	109,3 k €	-30.8%	157,8 k €
Balance sheet
Equity	453,1 k €	+8.2%	418,8 k €	+13.2%	369,8 k €	-3.8%	384,3 k €	+39.7%	275,1 k €
Total assets	788,5 k €	+22.6%	643,3 k €	+7.0%	601,5 k €	+14.7%	524,2 k €	+14.4%	458,4 k €
Cash	403,6 k €	+145%	165 k €	+17.2%	140,8 k €	+8.5%	129,8 k €	+76.6%	73,5 k €
Debts	335,4 k €	+50.0%	223,6 k €	-3.5%	231,6 k €	+65.6%	139,9 k €	-23.7%	183,3 k €
Other
Workforce	–		6,4 ETP	+6.7%	6,0 ETP	+11.1%	5,4 ETP		–

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

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BETC0811.876.835Represented by Dene RACHID	Directorsince 01/12/2016
INIRES SCS0544.759.027Represented by Olivier ENGELS	Directorsince 01/12/2016

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FMK0811.877.429Represented by Jean-Michel Marbehant	Director01/12/2016 → 2020 accounts
Olivier Engels	Director01/07/2011 → 2023 accountsManager01/07/2011 → 2019 accounts

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Rue Emile Francqui 1 1435 Mont-Saint-Guibert

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Chroma Partners● Active	0632.503.049
Chroma Solar Energy● Active	0686.928.957
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DELTA SOLAR ENERGY● Active	0831.192.505
ENELYS● Active	0831.002.562
EPSILON SOLAR ENERGY● Active	0831.194.978
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HORIZON CONSEILS● Active	1031.720.605
IMMO CLOS DES TILLEULS● Active	1007.520.390
Prodware Belgium● Active	0455.467.062
QUALIPSO● Active	0459.775.446
SYNERGY SPORTS● Active	0844.209.311
THETA SOLAR ENERGY● Active	0848.185.618

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	30/07/2026	02/07/2025	11/06/2024	24/08/2023	03/08/2022	21/06/2021
General meeting	05/06/2026	05/06/2025	31/05/2024	30/06/2023	13/06/2022	16/06/2021
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, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	30/07/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	02/07/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	11/06/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	24/08/2023	French	PDF
Micro model	31/12/2021	13/06/2022	03/08/2022	French	PDF
Micro model	31/12/2020	16/06/2021	21/06/2021	French	PDF
Micro model	31/12/2019	07/05/2020	23/07/2020	French	PDF
Micro model	31/12/2018	31/05/2019	24/06/2019	French	PDF
Micro model	31/12/2017	30/06/2018	17/08/2018	French	PDF
Micro model	31/12/2016	17/05/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	15/04/2016	17/06/2016	French	PDF
Abridged model	31/12/2014	25/03/2015	05/06/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	02/06/2014	French	PDF
Abridged model	31/12/2012	04/04/2013	13/06/2013	French	PDF
Abridged model	31/12/2011	12/04/2012	02/05/2012	French	PDF
Abridged model	31/12/2010	31/03/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	13/04/2010	31/08/2010	French	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

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BETC0811.876.835Represented by Dene RACHID	Directorsince 01/12/2016
INIRES SCS0544.759.027Represented by Olivier ENGELS	Directorsince 01/12/2016

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FMK0811.877.429Represented by Jean-Michel Marbehant	Director01/12/2016 → 2020 accounts
Olivier Engels	Director01/07/2011 → 2023 accountsManager01/07/2011 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Mandates09/01/2017
Nomination
PDF
Registered office21/11/2013
Transfert du siège social
PDF
Registered office03/10/2011
Transfert du siège social
PDF
Mandates25/07/2011
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office04/12/2008
Changement de numéro du siège social
PDF
Other02/10/2008
CONSTITUTION
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

Filings17 filings

Mandates

INIRES SCS

BETC

FMK

Olivier Engels

Dene RACHID

Jean-Michel MARBEHANT

2008200920102011201220132014201520162017201820192020202120222023202420252026

ERM Project

Rue Emile Francqui 1, 1435 Mont-Saint-GuibertRue Laid Burniat 3, 1348 Louvain-la-Neuve

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Emile Francqui 1, 1435 Mont-Saint-GuibertCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00377006
Rue Laid Burniat 3, 1348 Louvain-la-Neuve	accounts 2021 → 2022	Accounts 2022 · 2023-00361080

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ERM ProjectCurrent	accounts 2009 → 2025	Accounts 2025 · 2026-00377006

Events

2025
Annual accounts 202564,2 k €↓
2024
Annual accounts 202479 k €↑
2023
Annual accounts 2023-14,5 k €↓
2022
Annual accounts 2022109,3 k €↓
2021
Annual accounts 2021157,8 k €↑
2020
Annual accounts 2020126,4 k €↑
2019
Annual accounts 201994,9 k €↑
2018
Annual accounts 201884,9 k €↑
2017
Annual accounts 20176,7 k €↓
2016
Annual accounts 201652 k €↑
2015
Annual accounts 2015-2,2 k €↓
2014
Annual accounts 2014787,6 €↑
2013
Annual accounts 2013-1,2 k €↓
2012
Annual accounts 201239,7 k €↑
2011
Annual accounts 201124,8 k €↑
2010
Annual accounts 2010-3,7 k €↓
2009
Annual accounts 200941,2 k €
24/09/2008
IncorporationPrivate limited company

ERM Project

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