ACTIVE

Cartagena de Indias

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

880,5 k €

-77.4% YoY

Revenue

990,7 k €

-46.2% YoY

Equity

11,1 M €

-38.8% YoY

What does Cartagena de Indias do?

Cartagena de Indias is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Merelbeke-Melle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.862.183

Incorporation

03/02/2010

Legal form

Private limited company

Registered office

Driesstraat 22
9090 Merelbeke-Melle · FlandreSee on map

Contributed capital

4 822 413,53 €

Latest accounts

31/12/2025

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Revenue	990,7 k €	-46.2%	1,8 M €	-2.5%	1,9 M €	+26.5%	1,5 M €	+37.2%	1,1 M €	+55.0%	702,6 k €	+52.6%	460,2 k €	+4.2%	441,7 k €	+9.0%	405,1 k €	-14.5%	473,7 k €	-8.6%	518,3 k €	+21.0%	428,2 k €	-46.5%	800,1 k €
EBITDA	510,4 k €	-70.6%	1,7 M €	+0.1%	1,7 M €	+29.9%	1,3 M €	+83.2%	728,7 k €	+6.3%	685,7 k €	+53.7%	446,2 k €	+4.3%	427,8 k €	+9.2%	391,6 k €	-16.4%	468,4 k €	-9.1%	515,4 k €	+20.2%	428,7 k €	-46.4%	799,9 k €
Operating result	510,4 k €	-65.2%	1,5 M €	+0.1%	1,5 M €	+35.8%	1,1 M €	+121%	487,2 k €	+9.7%	444 k €	+0.2%	442,9 k €	+4.3%	424,5 k €	+9.1%	388,9 k €	-16.4%	465,3 k €	-9.0%	511,5 k €	+20.6%	424 k €	-46.5%	792,9 k €
Net result	880,5 k €	-77.4%	3,9 M €	+178%	1,4 M €	+90.1%	734,5 k €	+83.0%	401,4 k €	+47.4%	272,3 k €	-14.7%	319,2 k €	+25.0%	255,3 k €	-3.1%	263,4 k €	-59.6%	651,3 k €	-16.7%	781,9 k €	+255%	220,4 k €	-59.5%	544,8 k €
Balance sheet
Equity	11,1 M €	-38.8%	18,1 M €	+27.3%	14,2 M €	+10.9%	12,8 M €	+195%	4,3 M €	+32.5%	3,3 M €	+9.0%	3 M €	+11.9%	2,7 M €	+10.5%	2,4 M €	+12.1%	2,2 M €	+42.8%	1,5 M €	+95.5%	777,7 k €	+39.6%	557,2 k €
Total assets	12,9 M €	-42.3%	22,4 M €	+4.6%	21,4 M €	-6.1%	22,8 M €	+152%	9,1 M €	-7.1%	9,8 M €	+195%	3,3 M €	+19.4%	2,8 M €	+7.9%	2,6 M €	-0.4%	2,6 M €	+41.0%	1,8 M €	+3.7%	1,8 M €	-2.1%	1,8 M €
Cash	502,7 k €	+2.6%	490 k €	+27.6%	384 k €	+12.6%	341 k €	-49.0%	668,8 k €	+169%	248,2 k €	-52.2%	519 k €	-49.2%	1 M €	+23.0%	830,6 k €	+24.0%	669,6 k €	+219%	210,2 k €	-51.0%	428,8 k €	-19.3%	531,5 k €
Debts	1,8 M €	-57.2%	4,1 M €	-42.1%	7,1 M €	-28.4%	10 M €	+114%	4,7 M €	-27.5%	6,4 M €	+2096%	293,4 k €	+279%	77,5 k €	-40.5%	130,2 k €	-67.7%	403,5 k €	+32.1%	305,6 k €	-68.8%	979,9 k €	-20.1%	1,2 M €

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 · 1 active · 4 ended

Active mandates

Galapagos Islands

Director · 1024.389.581

Represented by Nicolas Libbrecht

Active

Ended mandates

Nicolas Libbrecht

Director · since 28 janvier 2010

Ended

Nicolas Libbrecht

Manager · since 28 janvier 2010

Ended

Nicolas Libbrecht

Director

Ended

Nicolas Libbrecht

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ARIANE HOLDING● Active	0442.393.937

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	13/07/2026	15/05/2025	25/07/2024	28/07/2023	07/09/2022	30/08/2021
General meeting	18/06/2026	18/04/2025	29/06/2024	21/06/2023	26/08/2022	26/08/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	18/04/2025	15/05/2025	Dutch	PDF
Full model	31/12/2023	29/06/2024	25/07/2024	Dutch	PDF
Full model	31/12/2022	21/06/2023	28/07/2023	Dutch	PDF
Full model	31/12/2021	26/08/2022	07/09/2022	Dutch	PDF
Full model	31/12/2020	26/08/2021	30/08/2021	Dutch	PDF
Full model	31/12/2019	17/07/2020	27/08/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	19/06/2018	30/08/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	30/08/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	21/08/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	29/08/2012	Dutch	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 · 1 active · 4 ended

Active mandates

Galapagos Islands

Director · 1024.389.581

Represented by Nicolas Libbrecht

Active

Ended mandates

Nicolas Libbrecht

Director · since 28 janvier 2010

Ended

Nicolas Libbrecht

Manager · since 28 janvier 2010

Ended

Nicolas Libbrecht

Director

Ended

Nicolas Libbrecht

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring25/06/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/06/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Restructuring17/04/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring17/04/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/01/2023
KAPITAAL - AANDELEN
PDF
Registered office10/11/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares31/12/2013
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025880,5 k €↓
2024
Annual accounts 20243,9 M €↑
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 2022734,5 k €↑
2021
Annual accounts 2021401,4 k €↑
2018
Annual accounts 2018272,3 k €↓
2017
Annual accounts 2017319,2 k €↑
2016
Annual accounts 2016255,3 k €↓
2015
Annual accounts 2015263,4 k €↓
2014
Annual accounts 2014651,3 k €↓
2013
Annual accounts 2013781,9 k €↑
2012
Annual accounts 2012220,4 k €↓
2011
Annual accounts 2011544,8 k €
03/02/2010
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

Cartagena de Indias

Overview

What does Cartagena de Indias do?

Trend over 13 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