ACTIVE

CHALLENGEWORKS

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Financial year 2025 · closed on 31/12/2025
Net result
138,6 k €
+63.0% YoY
Gross margin
210,6 k €
+79.1% YoY
Equity
210,5 k €
+28.6% YoY

What does CHALLENGEWORKS do?

CHALLENGEWORKS is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Ixelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0811.600.780
Incorporation
07/05/2009
Legal form
Private limited company
Registered office
Avenue Maurice 31 box 3
1050 Ixelles · BruxellesSee on map
Contributed capital
12 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin210,6 k €117,6 k €101,5 k €-129,9 k €34,2 k €295,4 k €36,8 k €17,9 k €191,1 k €119,6 k €307,3 k €74,6 k €77,4 k €20,5 k €56 k €-28,4 k €
EBITDA208,9 k €115,8 k €96,5 k €-130,5 k €33,2 k €294,9 k €35,1 k €16,3 k €186,7 k €118,4 k €305,2 k €73,2 k €76,5 k €19 k €55,2 k €-38,6 k €
Operating result200,1 k €106,3 k €87,1 k €129,3 k €32,8 k €26 k €28,8 k €10,1 k €153,3 k €111,7 k €298,9 k €66,9 k €59,8 k €2,1 k €38,2 k €-68 k €
Net result138,6 k €85 k €64,8 k €92,5 k €22,5 k €20,7 k €19,6 k €6,2 k €94 k €68,5 k €182,1 k €41,4 k €39,2 k €1,2 k €38 k €-68 k €
Balance sheet
Equity210,5 k €163,7 k €163,7 k €163,6 k €140,1 k €200,5 k €179,8 k €160,2 k €194,4 k €170,4 k €141,4 k €24,3 k €22,9 k €-16,3 k €-17,5 k €-55,5 k €
Total assets265,9 k €263,2 k €237,1 k €248,7 k €170,4 k €295,1 k €190,6 k €185,8 k €264,7 k €324,4 k €248,6 k €112,7 k €109,2 k €89 k €91 k €71,8 k €
Cash145,4 k €98,1 k €38,9 k €165,4 k €112,5 k €122,8 k €75,5 k €145,5 k €155,9 k €91,6 k €150,1 k €64,9 k €23,3 k €7,9 k €13,3 k €–
Debts55,4 k €97,7 k €35,7 k €85 k €14,5 k €35,4 k €10,8 k €25,6 k €70,2 k €154 k €107,1 k €88,4 k €75,2 k €105,3 k €108 k €126,8 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 31/12/2025 · 1 active · 2 ended

Active mandates

Peter De Heer

Director

Active

Ended mandates

Peter de Heer

Manager · since 07 mai 2009

Ended
Peter De Heer

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
A.C.P. AV MAURICE 31 1050 IXELLES● Active
0850.741.369
Association des copropriétaires de la résidence MAURICE sise à Ixelles, avenue Maurice 31 et avenue Jeanne● Active
0825.247.492
CROMBRUGGHE● Active
0475.277.828
Haven Interiors● Active
1039.643.723
NOVAIS ET CIE● Active
0449.743.567
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/05/202623/07/202521/06/202420/07/202314/07/202218/06/2021
General meeting17/04/202630/06/202528/05/202427/06/202320/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202517/04/202608/05/2026DutchPDF
Micro model31/12/202430/06/202523/07/2025DutchPDF
Micro model31/12/202328/05/202421/06/2024DutchPDF
Micro modelCorrection31/12/202227/06/202320/07/2023DutchPDF
Micro model31/12/202227/06/202314/07/2023DutchPDF
Micro model31/12/202120/06/202214/07/2022DutchPDF
Micro model31/12/202007/06/202118/06/2021DutchPDF
Micro model31/12/201902/05/202029/05/2020DutchPDF
Micro model31/12/201828/05/201927/09/2019DutchPDF
Micro model31/12/201723/05/201805/06/2018DutchPDF
Micro model31/12/201623/05/201705/07/2017DutchPDF
Abridged model31/12/201502/05/201605/07/2016DutchPDF
Abridged model31/12/201402/05/201514/07/2015DutchPDF
Abridged model31/12/201302/05/201414/07/2014DutchPDF
Abridged model31/12/201202/05/201316/07/2013DutchPDF
Abridged model31/12/201102/05/201201/07/2012DutchPDF
Abridged model31/12/201002/05/201114/07/2011DutchPDF
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 · 1 active · 2 ended

Active mandates

Peter De Heer

Director

Active

Ended mandates

Peter de Heer

Manager · since 07 mai 2009

Ended
Peter De Heer

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/06/2023
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/05/2009
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2025
    Annual accounts 2025138,6 k €↑
  2. 2024
    Annual accounts 202485 k €↑
  3. 2023
    Annual accounts 202364,8 k €↓
  4. 2022
    Annual accounts 202292,5 k €↑
  5. 2021
    Annual accounts 202122,5 k €↑
  6. 2020
    Annual accounts 202020,7 k €↑
  7. 2019
    Annual accounts 201919,6 k €↑
  8. 2018
    Annual accounts 20186,2 k €↓
  9. 2017
    Annual accounts 201794 k €↑
  10. 2016
    Annual accounts 201668,5 k €↓
  11. 2015
    Annual accounts 2015182,1 k €↑
  12. 2014
    Annual accounts 201441,4 k €↑
  13. 2013
    Annual accounts 201339,2 k €↑
  14. 2012
    Annual accounts 20121,2 k €↓
  15. 2011
    Annual accounts 201138 k €↑
  16. 2010
    Annual accounts 2010-68 k €
  17. 07/05/2009
    IncorporationPrivate limited company