ACTIVE

E.B.A

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Financial year 2025 · closed on 31/12/2025

Net result

115,8 k €

-43.6% YoY

Revenue

10,1 M €

+3.2% YoY

Equity

836,8 k €

+16.1% YoY

Workforce

32,4 ETP

-1.5% YoY

What does E.B.A do?

E.B.A is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Sprimont. It employs on average 32,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.111.642

Incorporation

15/01/2009

Legal form

Private limited company

Registered office

Rue des Spinettes 13
4140 Sprimont · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

32,4 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 81100Combined facilities support activities 81100Combined facilities support activities

Joint committees (4)

10000
14901
20000
218

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	10,1 M €	+3.2%	9,8 M €	-4.7%	10,3 M €	+25.2%	8,2 M €	+14.4%	7,2 M €	+11.4%	6,5 M €	+10.0%	5,9 M €	+19.0%	4,9 M €	+9.4%	4,5 M €	+16.3%	3,9 M €	+36.7%	2,8 M €	+4.5%	2,7 M €	+15.5%	2,3 M €	+40.8%	1,7 M €	+39.8%	1,2 M €	+31.9%	904,4 k €
EBITDA	1,5 M €	-19.8%	1,8 M €	+10.6%	1,7 M €	+33.8%	1,2 M €	+9.4%	1,1 M €	+8.3%	1 M €	+13.1%	923,1 k €	+17.7%	784,5 k €	+7.9%	727,2 k €	+29.4%	562,1 k €	+60.5%	350,2 k €	+41.5%	247,6 k €	+10.0%	225 k €	+80.7%	124,5 k €	+29.0%	96,5 k €	+88.2%	51,3 k €
Operating result	451 k €	-10.5%	504,1 k €	-7.1%	542,8 k €	+46.9%	369,6 k €	+36.6%	270,5 k €	-16.5%	323,8 k €	+36.6%	237,1 k €	-6.9%	254,6 k €	+1.7%	250,2 k €	+5.8%	236,5 k €	+53.0%	154,6 k €	+2.0%	151,6 k €	-9.0%	166,6 k €	+39.3%	119,6 k €	+23.9%	96,5 k €	+91.1%	50,5 k €
Net result	115,8 k €	-43.6%	205,2 k €	-25.0%	273,7 k €	+60.6%	170,4 k €	+10.5%	154,2 k €	-14.5%	180,3 k €	+49.0%	121 k €	-5.4%	128 k €	-10.7%	143,3 k €	-71.1%	495,4 k €	+658%	65,4 k €	-5.6%	69,3 k €	+18.1%	58,6 k €	-25.2%	78,4 k €	+25.0%	62,7 k €	+134%	26,8 k €
Balance sheet
Equity	836,8 k €	+16.1%	721,1 k €	-52.4%	1,5 M €	+22.0%	1,2 M €	+15.9%	1,1 M €	+48.6%	721,3 k €	+33.3%	541,1 k €	+28.8%	420 k €	+43.8%	292,1 k €	-27.1%	400,9 k €	+376%	84,1 k €	+0.1%	84 k €	+0.3%	83,8 k €	-7.1%	90,1 k €	+25.7%	71,7 k €	+698%	9 k €
Total assets	13 M €	+80.4%	7,2 M €	-46.1%	13,4 M €	-7.5%	14,4 M €	+40.2%	10,3 M €	+197%	3,5 M €	+0.4%	3,5 M €	+25.6%	2,8 M €	+12.8%	2,4 M €	-1.3%	2,5 M €	+69.1%	1,5 M €	+19.6%	1,2 M €	+54.1%	793,8 k €	+37.9%	575,6 k €	+82.2%	316 k €	-11.2%	355,7 k €
Cash	4,4 M €	+55.6%	2,8 M €	-69.8%	9,3 M €	-10.7%	10,4 M €	+25.8%	8,2 M €	+11199%	73 k €	-46.9%	137,5 k €	-6.4%	146,8 k €	+21.4%	120,9 k €	+69.1%	71,5 k €	-47.9%	137,4 k €	+8.3%	126,9 k €	+180%	45,3 k €	+97.9%	22,9 k €	-65.6%	66,5 k €	+809%	7,3 k €
Debts	12,1 M €	+96.0%	6,2 M €	-47.1%	11,6 M €	-11.4%	13,1 M €	+43.8%	9,1 M €	+235%	2,7 M €	-4.4%	2,9 M €	+26.2%	2,3 M €	+5.2%	2,1 M €	+3.7%	2,1 M €	+50.4%	1,4 M €	+21.1%	1,1 M €	+60.4%	709,8 k €	+46.3%	485,3 k €	+98.8%	244,1 k €	-29.6%	346,7 k €
Other
Workforce	32,4 ETP	-1.5%	32,9 ETP	+3.8%	31,7 ETP	+4.3%	30,4 ETP	+7.4%	28,3 ETP	+11.9%	25,3 ETP	+3.3%	24,5 ETP	+3.4%	23,7 ETP	-0.8%	23,9 ETP	+13.8%	21,0 ETP	+22.1%	17,2 ETP	+3.6%	16,6 ETP	-2.9%	17,1 ETP	+67.6%	10,2 ETP	+15.9%	8,8 ETP	+69.2%	5,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 23 ended

Active mandates

GHYSE

Director · since 07 novembre 2016 · 0658.923.968

Represented by GHYSE STÉPHANE

Active

PE ELOY

Director · since 07 novembre 2016 · 0651.717.363

Represented by ELOY PIERRE-ETIENNE

Active

VASANO

Director · since 07 novembre 2016 · 0654.736.637

Represented by ELOY OLIVIER

Active

DEMCO

Managing director · 0655.743.754

Represented by ELOY David

Active

Ended mandates

DEMCO

Manager · since 07 novembre 2016 · 0655.743.754

Represented by David ELOY

Ended

DEMCO

Director · since 07 novembre 2016 · 0655.743.754

Represented by ELOY David

Ended

GHYSE

Manager · since 07 novembre 2016 · 0658.923.968

Represented by Stéphane GHYSE

Ended

HARAS DE NIASTER

Manager · since 07 novembre 2016 · 0664.798.804

Represented by Pierre ELOY

Ended

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Annual accounts

Full financial information

	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	03/07/2026	15/07/2025	02/07/2024	27/06/2023	11/07/2022	14/07/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	30/06/2022	29/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/06/2026	03/07/2026	French	PDF
Full model	31/12/2024	28/06/2025	15/07/2025	French	PDF
Full model	31/12/2023	29/06/2024	02/07/2024	French	PDF
Full model	31/12/2022	24/06/2023	27/06/2023	French	PDF
Full model	31/12/2021	30/06/2022	11/07/2022	French	PDF
Full model	31/12/2020	29/06/2021	14/07/2021	French	PDF
Full model	31/12/2019	30/06/2020	30/07/2020	French	PDF
Full model	31/12/2018	29/06/2019	09/07/2019	French	PDF
Full model	31/12/2017	30/06/2018	19/07/2018	French	PDF
Full model	31/12/2016	24/06/2017	30/06/2017	French	PDF
Full model	31/12/2015	25/06/2016	12/07/2016	French	PDF
Full model	31/12/2014	27/06/2015	29/07/2015	French	PDF
Full model	31/12/2013	28/06/2014	10/07/2014	French	PDF
Full model	31/12/2012	29/06/2013	02/08/2013	French	PDF
Full model	31/12/2011	30/06/2012	30/08/2012	French	PDF
Full model	31/12/2010	25/06/2011	17/08/2011	French	PDF
Full model	31/12/2009	26/06/2010	30/07/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 active · 23 ended

Active mandates

GHYSE

Director · since 07 novembre 2016 · 0658.923.968

Represented by GHYSE STÉPHANE

Active

PE ELOY

Director · since 07 novembre 2016 · 0651.717.363

Represented by ELOY PIERRE-ETIENNE

Active

VASANO

Director · since 07 novembre 2016 · 0654.736.637

Represented by ELOY OLIVIER

Active

DEMCO

Managing director · 0655.743.754

Represented by ELOY David

Active

Ended mandates

DEMCO

Manager · since 07 novembre 2016 · 0655.743.754

Represented by David ELOY

Ended

DEMCO

Director · since 07 novembre 2016 · 0655.743.754

Represented by ELOY David

Ended

GHYSE

Manager · since 07 novembre 2016 · 0658.923.968

Represented by Stéphane GHYSE

Ended

HARAS DE NIASTER

Manager · since 07 novembre 2016 · 0664.798.804

Represented by Pierre ELOY

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates12/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates21/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates24/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates24/03/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates21/10/2013
DEMISSIONS, NOMINATIONS
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 2025115,8 k €↓
2024
Annual accounts 2024205,2 k €↓
2023
Annual accounts 2023273,7 k €↑
2022
Annual accounts 2022170,4 k €↑
2021
Annual accounts 2021154,2 k €↓
2019
Annual accounts 2019180,3 k €↑
2018
Annual accounts 2018121 k €↓
2017
Annual accounts 2017128 k €↓
2016
Annual accounts 2016143,3 k €↓
2015
Annual accounts 2015495,4 k €↑
2014
Annual accounts 201465,4 k €↓
2013
Annual accounts 201369,3 k €↑
2012
Annual accounts 201258,6 k €↓
2011
Annual accounts 201178,4 k €↑
2010
Annual accounts 201062,7 k €↑
2009
Annual accounts 200926,8 k €
15/01/2009
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

E.B.A

Overview

What does E.B.A do?

Trend over 16 financial years

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