ACTIVE

GROUND

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Financial year 2025 · closed on 31/12/2025

Net result

16,7 k €

+3.1% YoY

Gross margin

31,7 k €

-5.6% YoY

Equity

128,8 k €

+5.6% YoY

What does GROUND do?

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

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0819.298.622

Incorporation

06/10/2009

Legal form

Private limited company

Registered office

Rue du Fond des Bois 20
1470 Genappe · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

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		2010
Income statement
Gross margin	31,7 k €	-5.6%	33,5 k €	-6.2%	35,8 k €	+104%	17,5 k €	-71.3%	61 k €	+76.6%	34,5 k €	+34.8%	25,6 k €	-69.9%	85 k €	+31.3%	64,8 k €	+447%	11,8 k €	+10.1%	10,8 k €	+91.9%	5,6 k €	-0.5%	5,6 k €	+38.5%	4,1 k €	-77.5%	18,1 k €	+57.8%	11,5 k €
EBITDA	30,4 k €	-4.9%	32 k €	-7.4%	34,5 k €	+109%	16,6 k €	-72.1%	59,3 k €	+74.0%	34,1 k €	+37.3%	24,8 k €	-70.6%	84,6 k €	+31.5%	64,3 k €	+675%	8,3 k €	-16.4%	9,9 k €	+108%	4,8 k €	-0.6%	4,8 k €	+63.7%	2,9 k €	-81.8%	16,1 k €	+88.0%	8,6 k €
Operating result	25,8 k €	-5.7%	27,4 k €	-8.5%	29,9 k €	+178%	10,8 k €	-80.2%	54,3 k €	+144%	22,2 k €	+70.4%	13 k €	-83.0%	76,7 k €	+33.9%	57,3 k €	+4422%	1,3 k €	-76.6%	5,4 k €	+18.5%	4,6 k €	+140%	1,9 k €	+4333%	-45 €	-100%	13,3 k €	+529%	2,1 k €
Net result	16,7 k €	+3.1%	16,2 k €	-14.8%	19 k €	+285%	4,9 k €	-88.6%	43,2 k €	+224%	13,3 k €	+34.3%	9,9 k €	-81.1%	52,3 k €	+40.7%	37,2 k €	+6476%	565 €	-71.2%	2 k €	-0.1%	2 k €	+244%	572 €	+118%	-3,2 k €	-138%	8,3 k €	+1081%	704,2 €
Balance sheet
Equity	128,8 k €	+5.6%	122 k €	-22.8%	158,1 k €	+13.0%	139,9 k €	+3.7%	134,9 k €	+20.7%	111,8 k €	+13.5%	98,5 k €	+11.2%	88,6 k €	+144%	36,3 k €	+298%	9,1 k €	+6.6%	8,5 k €	+29.8%	6,6 k €	+42.6%	4,6 k €	+14.1%	4 k €	-44.0%	7,2 k €	+4.6%	6,9 k €
Total assets	150 k €	-7.1%	161,4 k €	-25.2%	215,8 k €	+9.9%	196,4 k €	-1.7%	199,8 k €	+33.5%	149,8 k €	-10.6%	167,5 k €	-14.3%	195,4 k €	-63.5%	534,7 k €	+643%	72 k €	+116%	33,3 k €	+242%	9,8 k €	-22.8%	12,6 k €	-28.8%	17,8 k €	-22.6%	23 k €	-1.3%	23,3 k €
Cash	19,9 k €	+8.4%	18,4 k €	+413%	3,6 k €	-87.3%	28,2 k €	+372%	6 k €	+61.7%	3,7 k €	-50.7%	7,5 k €	-51.9%	15,5 k €	+1158%	1,2 k €	+8.8%	1,1 k €	+237%	337 €	-85.0%	2,2 k €	-51.3%	4,6 k €	+1296%	330 €	-86.9%	2,5 k €	-16.2%	3 k €
Debts	21,1 k €	-46.3%	39,3 k €	-31.9%	57,7 k €	+2.1%	56,5 k €	-12.9%	64,9 k €	+70.9%	38 k €	-39.7%	63 k €	-37.5%	100,8 k €	-79.8%	498,5 k €	+693%	62,9 k €	+154%	24,8 k €	+681%	3,2 k €	-60.4%	8 k €	-41.5%	13,7 k €	-12.9%	15,7 k €	-3.8%	16,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Nicolas Joseph

Administrator - manager · since 01 octobre 2009

Active

Ended mandates

Nicolas Joseph

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
BUREAU D'ARCHITECTURE ET PAYSAGE OSMOSE● Active	0899.674.307

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	01/01/2025	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	31/08/2026	15/10/2025	30/08/2024	31/08/2023	01/09/2022	31/08/2021
General meeting	30/04/2026	30/04/2025	30/04/2024	30/04/2023	30/04/2022	30/04/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/04/2026	31/08/2026	French	PDF
Micro model	31/12/2024	30/04/2025	15/10/2025	French	PDF
Micro model	31/12/2023	30/04/2024	30/08/2024	French	PDF
Micro model	31/12/2022	30/04/2023	31/08/2023	French	PDF
Micro model	31/12/2021	30/04/2022	01/09/2022	French	PDF
Micro model	31/12/2020	30/04/2021	31/08/2021	French	PDF
Micro model	31/12/2019	31/08/2020	30/09/2020	French	PDF
Micro model	31/12/2018	30/04/2019	28/08/2019	French	PDF
Micro model	31/12/2017	30/04/2018	31/10/2018	French	PDF
Micro model	31/12/2016	30/04/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	30/04/2016	19/08/2016	French	PDF
Abridged model	31/12/2014	30/04/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	30/04/2014	23/09/2014	French	PDF
Abridged model	31/12/2012	30/04/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	30/04/2012	10/06/2012	French	PDF
Abridged model	31/12/2010	30/04/2011	29/08/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Nicolas Joseph

Administrator - manager · since 01 octobre 2009

Active

Ended mandates

Nicolas Joseph

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS
PDF
Registered office10/03/2022
SIEGE SOCIAL
PDF
Registered office05/08/2016
SIEGE SOCIAL
PDF
Other15/10/2009
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 202516,7 k €↑
2024
Annual accounts 202416,2 k €↓
2023
Annual accounts 202319 k €↑
2022
Annual accounts 20224,9 k €↓
2021
Annual accounts 202143,2 k €↑
2020
Annual accounts 202013,3 k €↑
2019
Annual accounts 20199,9 k €↓
2018
Annual accounts 201852,3 k €↑
2017
Annual accounts 201737,2 k €↑
2016
Annual accounts 2016565 €↓
2015
Annual accounts 20152 k €↓
2014
Annual accounts 20142 k €↑
2013
Annual accounts 2013572 €↑
2012
Annual accounts 2012-3,2 k €↓
2011
Annual accounts 20118,3 k €↑
2010
Annual accounts 2010704,2 €
06/10/2009
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

GROUND

Overview

What does GROUND 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