ACTIVE

GAMMA EXHEC

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Financial year 2025 · closed on 31/12/2025

Net result

3,7 k €

+417.6% YoY

Gross margin

5,9 k €

+192.9% YoY

Equity

187,9 k €

+2.0% YoY

What does GAMMA EXHEC do?

GAMMA EXHEC is a Public limited company incorporated in 2010. Its main activity is: Activities of holding companies. Its registered office is in Seraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0823.354.212

Incorporation

23/02/2010

Legal form

Public limited company

Registered office

Voie du Belvédère 3 box B
4100 Seraing · WallonieSee on map

Contributed capital

115 948,65 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70210Public relations and communication activities 70220Business and other management consultancy activities 73300Advertising and market research

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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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	5,9 k €	+193%	2 k €	-77.1%	8,8 k €	+148%	3,5 k €	+108%	1,7 k €	-91.4%	19,9 k €	+41.6%	14 k €	+12.0%	12,5 k €	-55.4%	28,1 k €	-14.2%	32,8 k €	-18.0%	40 k €	+360%	8,7 k €	-69.9%	28,9 k €	+728%	3,5 k €	-84.0%	21,8 k €	+6.3%	20,5 k €
EBITDA	5,5 k €	+238%	1,6 k €	-79.5%	8 k €	+125%	3,5 k €	+161%	1,4 k €	-54.8%	3 k €	-72.2%	10,8 k €	+22.4%	8,8 k €	-56.0%	20 k €	+2.7%	19,5 k €	+48.3%	13,2 k €	+155%	5,2 k €	-68.8%	16,5 k €	+445%	3 k €	-85.9%	21,5 k €	+6.4%	20,2 k €
Operating result	5,5 k €	+238%	1,6 k €	-79.5%	8 k €	+125%	3,5 k €	+161%	1,4 k €	-54.8%	3 k €	-72.2%	10,8 k €	+22.4%	8,8 k €	-56.0%	20 k €	+2.7%	19,5 k €	+49.7%	13 k €	+159%	5 k €	-66.6%	15,1 k €	+824%	1,6 k €	-91.8%	20,1 k €	+10.0%	18,2 k €
Net result	3,7 k €	+418%	710,1 €	-86.9%	5,4 k €	+135%	2,3 k €	+430%	436,2 €	-74.5%	1,7 k €	-52.4%	3,6 k €	-11.6%	4,1 k €	-66.3%	12,1 k €	+1.1%	11,9 k €	+105%	5,8 k €	+19491%	29,7 €	-99.5%	6,1 k €	+266%	-3,7 k €	-142%	8,9 k €	+0.3%	8,9 k €
Balance sheet
Equity	187,9 k €	+2.0%	184,2 k €	+0.4%	183,5 k €	+3.0%	178,1 k €	+1.3%	175,8 k €	+0.2%	175,3 k €	+1.0%	173,6 k €	+2.1%	170 k €	+2.4%	166 k €	+7.8%	153,9 k €	+8.4%	142 k €	+4.3%	136,2 k €	+17.2%	116,2 k €	+5.6%	110,1 k €	-3.2%	113,7 k €	+8.5%	104,9 k €
Total assets	315,9 k €	+8.3%	291,8 k €	+0.3%	290,9 k €	-1.3%	294,7 k €	-0.5%	296,3 k €	+0.9%	293,5 k €	-11.8%	332,9 k €	+14.9%	289,7 k €	-3.4%	300 k €	-3.1%	309,6 k €	-0.3%	310,6 k €	+5.4%	294,6 k €	-2.0%	300,7 k €	-4.2%	313,7 k €	-1.7%	319,2 k €	+6.5%	299,7 k €
Cash	1,5 k €	-30.8%	2,1 k €	+72.4%	1,2 k €	+2316%	50,9 €		–		–		–		–		–		–		70 €	-89.0%	637,4 €	-80.4%	3,3 k €	+220%	1 k €	-93.7%	16,2 k €	+519%	2,6 k €
Debts	128 k €	+19.0%	107,6 k €	+0.2%	107,4 k €	-7.9%	116,6 k €	-3.2%	120,5 k €	+1.9%	118,2 k €	-25.7%	159,1 k €	+33.0%	119,7 k €	-10.7%	134 k €	-13.9%	155,7 k €	-7.6%	168,5 k €	+7.3%	157,1 k €	-14.9%	184,5 k €	-9.4%	203,7 k €	-0.5%	204,8 k €	+5.1%	194,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-25.0%	0,4 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

BEDALI

Director · 0739.882.544

Represented by Dufour Benoit

Active

EVery ThinK

Director · 0743.744.926

Represented by Etienne Fraikin

Active

Ended mandates

NOSHAQ

Director · since 22 mars 2022 · until 10 juin 2026 · 0426.624.509

Ended

EVery ThinK

Managing director · since 22 mars 2021 · until 10 juin 2026 · 0743.744.926

Ended

Benoît DUFOUR

Director · since 10 juin 2020 · until 10 juin 2026

Ended

NOSHAQ

Director · since 27 octobre 2017 · 0426.624.509

Represented by Julie GASPARD

Ended

At this address

Other companies at this address

Company	CBE no.
Visual Impact● Active	0439.420.886

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged 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	30/06/2026	13/08/2025	21/08/2024	24/07/2023	08/06/2022	22/06/2021
General meeting	10/06/2026	11/06/2025	30/06/2024	30/06/2023	07/06/2022	22/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	–	Satisfying controls	Satisfying controls

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	10/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	11/06/2025	13/08/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	08/06/2022	French	PDF
Abridged model	31/12/2020	22/06/2021	22/06/2021	French	PDF
Abridged model	31/12/2019	26/08/2020	26/10/2020	French	PDF
Micro model	31/12/2018	21/03/2019	22/03/2019	French	PDF
Micro model	31/12/2017	15/06/2018	21/08/2018	French	PDF
Micro model	31/12/2016	07/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	14/08/2015	French	PDF
Abridged model	31/12/2013	11/06/2014	16/06/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	23/07/2013	French	PDF
Abridged model	31/12/2011	13/06/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	08/06/2011	29/07/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 21 ended

Active mandates

BEDALI

Director · 0739.882.544

Represented by Dufour Benoit

Active

EVery ThinK

Director · 0743.744.926

Represented by Etienne Fraikin

Active

Ended mandates

NOSHAQ

Director · since 22 mars 2022 · until 10 juin 2026 · 0426.624.509

Ended

EVery ThinK

Managing director · since 22 mars 2021 · until 10 juin 2026 · 0743.744.926

Ended

Benoît DUFOUR

Director · since 10 juin 2020 · until 10 juin 2026

Ended

NOSHAQ

Director · since 27 octobre 2017 · 0426.624.509

Represented by Julie GASPARD

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates01/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office26/11/2014
SIEGE SOCIAL
PDF
Mandates11/07/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
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 20253,7 k €↑
2024
Annual accounts 2024710,1 €↓
2023
Annual accounts 20235,4 k €↑
2022
Annual accounts 20222,3 k €↑
2021
Annual accounts 2021436,2 €↓
2020
Annual accounts 20201,7 k €↓
2019
Annual accounts 20193,6 k €↓
2018
Annual accounts 20184,1 k €↓
2017
Annual accounts 201712,1 k €↑
2016
Annual accounts 201611,9 k €↑
2015
Annual accounts 20155,8 k €↑
2014
Annual accounts 201429,7 €↓
2013
Annual accounts 20136,1 k €↑
2012
Annual accounts 2012-3,7 k €↓
2011
Annual accounts 20118,9 k €↑
2010
Annual accounts 20108,9 k €
23/02/2010
IncorporationPublic 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

GAMMA EXHEC

Overview

What does GAMMA EXHEC 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