ACTIVE

BUREAU D'ETUDES FLAS

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Financial year 2025 · Closed on 30/09/2025

Net result36,3 k €-5,1 %over 1 year
Gross margin148 k €+11,9 %over 1 year
Equity124,3 k €+14,5 %over 1 year

Identity

Source · BCE/KBO

BUREAU D'ETUDES FLAS is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Welkenraedt.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0809.888.929
Incorporation
18/02/2009
Legal form
Private limited company
Registered office
Bayaux 102
4841 Welkenraedt · WallonieSee on map
Contributed capital
20 000,00 €
Latest accounts
30/09/2025
Joint committees (2)
  • 200
  • 218
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 16 filings

Trend over 16 financial years

20252024202320222021
Income statement
Gross margin148 k €132,3 k €86,6 k €48,4 k €85 k €
EBITDA71,8 k €73,4 k €32,2 k €27,7 k €40,4 k €
Operating result50,9 k €53,4 k €21,5 k €16,1 k €27,1 k €
Net result36,3 k €38,2 k €14,8 k €12,8 k €17,8 k €
Balance sheet
Equity124,3 k €108,5 k €73,3 k €58,5 k €55,7 k €
Total assets268,6 k €228 k €166,4 k €152,5 k €168,4 k €
Cash91,9 k €7,4 k €21,9 k €36,4 k €33,7 k €
Debts139 k €114,3 k €87,8 k €91,3 k €109,4 k €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 3 ended

Active mandates

Henri FLAS

Director

Active

Ended mandates

Henri FLAS

Director · since 13 février 2009

Ended
Henri FLAS

Manager · since 13 février 2009

Ended
Henri FLAS

Manager

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/04/202614/04/202525/04/202425/04/202317/03/202222/03/2021
General meeting27/03/202610/03/202511/03/202414/02/202320/01/202210/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202527/03/202603/04/2026FrenchPDF
Micro model30/09/202410/03/202514/04/2025FrenchPDF
Micro model30/09/202311/03/202425/04/2024FrenchPDF
Micro model30/09/202214/02/202325/04/2023FrenchPDF
Micro model30/09/202120/01/202217/03/2022FrenchPDF
Micro model30/09/202010/03/202122/03/2021FrenchPDF
Micro model30/09/201916/01/202028/02/2020FrenchPDF
Micro model30/09/201817/01/201928/02/2019FrenchPDF
Micro model30/09/201718/01/201828/02/2018FrenchPDF
Abridged model30/09/201619/01/201727/01/2017FrenchPDF
Abridged model30/09/201521/01/201626/02/2016FrenchPDF
Abridged model30/09/201415/01/201525/02/2015FrenchPDF
Abridged model30/09/201316/01/201427/03/2014FrenchPDF
Abridged model30/09/201217/01/201329/03/2013FrenchPDF
Abridged model30/09/201119/01/201216/03/2012FrenchPDF
Abridged model30/09/201020/01/201121/01/2011FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 3 ended

Active mandates

Henri FLAS

Director

Active

Ended mandates

Henri FLAS

Director · since 13 février 2009

Ended
Henri FLAS

Manager · since 13 février 2009

Ended
Henri FLAS

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/01/2024
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office12/09/2011
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
    PDF
  • Other27/02/2009
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

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 202536,3 k €↓
  2. 2024
    Annual accounts 202438,2 k €↑
  3. 2023
    Annual accounts 202314,8 k €↑
  4. 2022
    Annual accounts 202212,8 k €↓
  5. 2021
    Annual accounts 202117,8 k €↑
  6. 2020
    Annual accounts 202013,8 k €↑
  7. 2019
    Annual accounts 20191,1 k €↓
  8. 2018
    Annual accounts 201816,8 k €↑
  9. 2017
    Annual accounts 2017655,2 €↓
  10. 2016
    Annual accounts 201624,2 k €↑
  11. 2015
    Annual accounts 2015-12,5 k €↓
  12. 2014
    Annual accounts 20144,1 k €↑
  13. 2013
    Annual accounts 2013403,2 €↓
  14. 2012
    Annual accounts 20123,2 k €↑
  15. 2011
    Annual accounts 20112,9 k €↓
  16. 2010
    Annual accounts 20105 k €
  17. 18/02/2009
    IncorporationPrivate limited company