ACTIVE

B ASSOCIATE

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Financial year 2025 · closed on 30/09/2025

Net result

302,0 k €

+13.0% YoY

Gross margin

438,0 k €

+20.0% YoY

Equity

884,0 k €

-22.8% YoY

What does B ASSOCIATE do?

B ASSOCIATE is a Private limited company incorporated in 2008. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.980.207

Incorporation

25/11/2008

Legal form

Private limited company

Registered office

Avenue Albertyn 41
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

12 400,00 €

Latest accounts

30/09/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009
Income statement
Gross margin	438,0 k €	+20.0%	365,1 k €	-18.9%	450,3 k €	+20.2%	374,7 k €	+23.8%	302,6 k €	+83.0%	165,4 k €	-32.2%	244,0 k €	+18.7%	205,6 k €	+42.8%	143,9 k €	+3.1%	139,6 k €	-6.7%	149,6 k €	+38.0%	108,4 k €	+19.3%	90,9 k €	+6.3%	85,5 k €	-60.8%	218,3 k €	+71.4%	127,4 k €
EBITDA	434,5 k €	+20.2%	361,6 k €	-19.2%	447,6 k €	+21.1%	369,5 k €	+23.6%	299,0 k €	+83.9%	162,6 k €	-32.2%	239,6 k €	+19.5%	200,5 k €	+41.1%	142,1 k €	+2.8%	138,2 k €	-3.3%	142,9 k €	+33.9%	106,7 k €	+18.9%	89,8 k €	+12.6%	79,7 k €	-63.0%	215,7 k €	+72.9%	124,7 k €
Operating result	416,9 k €	+21.4%	343,4 k €	-20.0%	429,6 k €	+22.8%	349,9 k €	+27.9%	273,7 k €	+99.2%	137,4 k €	-35.5%	212,8 k €	+22.4%	173,8 k €	+53.4%	113,3 k €	+75.6%	64,6 k €	-43.2%	113,7 k €	+44.7%	78,6 k €	+0.3%	78,4 k €	+14.8%	68,3 k €	-64.8%	193,9 k €	+76.2%	110,0 k €
Net result	302,0 k €	+13.0%	267,3 k €	-12.6%	306,0 k €	+23.7%	247,5 k €	+12.5%	220,0 k €	+123%	98,5 k €	-32.8%	146,6 k €	+23.8%	118,4 k €	+33.6%	88,6 k €	+68.7%	52,5 k €	-41.3%	89,5 k €	+26.5%	70,7 k €	+1.1%	69,9 k €	+16.5%	60,1 k €	-52.1%	125,3 k €	+54.6%	81,1 k €
Balance sheet
Equity	884,0 k €	-22.8%	1,1 M €	+11.7%	1,0 M €	+25.7%	815,2 k €	+32.3%	616,4 k €	+19.9%	514,3 k €	-10.9%	577,1 k €	+33.6%	432,0 k €	+11.6%	387,2 k €	+13.8%	340,2 k €	+3.3%	329,2 k €	+17.0%	281,4 k €	+2.1%	275,5 k €	+11.5%	247,2 k €	+13.8%	217,2 k €	+132%	93,5 k €
Total assets	1,6 M €	+11.0%	1,4 M €	+11.1%	1,3 M €	+26.5%	1,0 M €	+11.1%	903,9 k €	+29.8%	696,3 k €	-10.6%	778,6 k €	+11.1%	701,1 k €	+5.4%	665,3 k €	+9.4%	608,3 k €	+25.7%	483,7 k €	+28.8%	375,5 k €	-4.4%	392,8 k €	+2.1%	384,6 k €	+2.8%	374,1 k €	+99.1%	187,9 k €
Cash	570,4 k €	+49.5%	381,6 k €	-18.5%	468,2 k €	+37.3%	341,1 k €	+21.4%	281,0 k €	+404%	55,7 k €	-63.4%	152,3 k €	+126%	67,5 k €	+26.0%	53,6 k €	-32.4%	79,2 k €	-38.0%	127,7 k €	+119%	58,3 k €	-47.7%	111,4 k €	+18.3%	94,2 k €	+9.0%	86,4 k €	-15.8%	102,6 k €
Debts	684,3 k €	+156%	267,2 k €	+8.8%	245,6 k €	+30.1%	188,8 k €	-33.6%	284,4 k €	+56.2%	182,1 k €	-9.6%	201,5 k €	-25.1%	269,0 k €	-3.2%	278,1 k €	+3.7%	268,1 k €	+79.4%	149,4 k €	+58.7%	94,1 k €	-19.7%	117,3 k €	-14.6%	137,4 k €	-12.4%	156,9 k €	+66.2%	94,4 k €

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 30/09/2025 · 1 active · 1 ended

Active mandates

VINCENT VAN DEN BULCK

Mandate

Active

Ended mandates

VINCENT VAN DEN BULCK

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/12/2025	16/03/2025	19/12/2023	13/03/2023	20/04/2022	21/04/2021
General meeting	04/12/2025	04/12/2024	10/11/2023	18/02/2023	25/03/2022	26/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	04/12/2025	14/12/2025	French	PDF
Micro model	30/09/2024	04/12/2024	16/03/2025	French	PDF
Micro model	30/09/2023	10/11/2023	19/12/2023	French	PDF
Micro model	30/09/2022	18/02/2023	13/03/2023	French	PDF
Micro model	30/09/2021	25/03/2022	20/04/2022	French	PDF
Micro model	30/09/2020	26/03/2021	21/04/2021	French	PDF
Micro model	30/09/2019	27/03/2020	05/04/2020	French	PDF
Micro model	30/09/2018	29/03/2019	07/04/2019	French	PDF
Micro modelCorrection	30/09/2017	30/03/2018	15/04/2018	French	PDF
Micro model	30/09/2017	30/03/2018	08/04/2018	French	PDF
Abridged model	30/09/2016	12/03/2017	27/03/2017	French	PDF
Abridged model	30/09/2015	12/03/2016	19/03/2016	French	PDF
Abridged model	30/09/2014	27/03/2015	31/03/2015	French	PDF
Abridged model	30/09/2013	31/01/2014	30/03/2014	French	PDF
Abridged model	30/09/2012	29/03/2013	14/04/2013	French	PDF
Abridged model	30/09/2011	31/03/2012	07/04/2012	French	PDF
Abridged model	31/12/2009	30/06/2010	31/07/2010	French	PDF

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 30/09/2025 · 1 active · 1 ended

Active mandates

VINCENT VAN DEN BULCK

Mandate

Active

Ended mandates

VINCENT VAN DEN BULCK

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/11/2019
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares26/09/2018
CAPITAL, ACTIONS
PDF
Capital / shares11/09/2014
CAPITAL, ACTIONS
PDF
Other20/01/2011
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Other27/11/2008
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

2025
Annual accounts 2025302,0 k €↑
2024
Annual accounts 2024267,3 k €↓
2023
Annual accounts 2023306,0 k €↑
2022
Annual accounts 2022247,5 k €↑
2021
Annual accounts 2021220,0 k €↑
2020
Annual accounts 202098,5 k €↓
2019
Annual accounts 2019146,6 k €↑
2018
Annual accounts 2018118,4 k €↑
2017
Annual accounts 201788,6 k €↑
2016
Annual accounts 201652,5 k €↓
2015
Annual accounts 201589,5 k €↑
2014
Annual accounts 201470,7 k €↑
2013
Annual accounts 201369,9 k €↑
2012
Annual accounts 201260,1 k €↓
2011
Annual accounts 2011125,3 k €↑
2009
Annual accounts 200981,1 k €
25/11/2008
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

B ASSOCIATE

Overview

What does B ASSOCIATE do?

Trend over 16 financial years

Indicative valuation

Board of directors

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