ACTIVE

Pragma Business Services

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Financial year 2025 · closed on 31/12/2025

Net result

104 k €

+18.5% YoY

Gross margin

190,4 k €

-2.9% YoY

Equity

391,9 k €

+36.1% YoY

Workforce

0,0 ETP

What does Pragma Business Services do?

Pragma Business Services is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0825.380.324

Incorporation

27/04/2010

Legal form

Private limited company

Registered office

Chaussée de La Hulpe 166 box 25
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

50 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

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

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	190,4 k €	-2.9%	196,1 k €	+26.7%	154,7 k €	-50.5%	312,3 k €	+136%	132,4 k €	-8.5%	144,7 k €		–		–		–		–		–		–		–		84,4 k €
EBITDA	158 k €	+1.0%	156,4 k €	+14.5%	136,6 k €	-51.9%	283,9 k €	+159%	109,6 k €	-17.0%	132 k €	+908%	-16,3 k €	+89.3%	-153,3 k €	+26.4%	-208,3 k €	-313%	-50,5 k €	+63.9%	-140 k €	-62.9%	-85,9 k €	-176%	113,5 k €	+140%	47,3 k €
Operating result	138,3 k €	-2.9%	142,5 k €	+16.8%	122 k €	-54.7%	269,3 k €	+183%	95,1 k €	-27.4%	130,9 k €	+852%	-17,4 k €	+88.7%	-154,3 k €	+26.3%	-209,3 k €	-315%	-50,5 k €	+63.9%	-140 k €	-62.9%	-85,9 k €	-176%	113,5 k €	+140%	47,3 k €
Net result	104 k €	+18.5%	87,7 k €	+25.8%	69,7 k €	-72.6%	254,6 k €	+212%	81,7 k €	-23.4%	106,6 k €	+391%	-36,6 k €	+78.6%	-171,4 k €	+22.6%	-221,5 k €	-317%	-53,1 k €	+62.8%	-142,8 k €	-285%	-37,1 k €	-138%	97,1 k €	+156%	37,9 k €
Balance sheet
Equity	391,9 k €	+36.1%	287,9 k €	+43.8%	200,2 k €	+53.4%	130,5 k €	+205%	-124,2 k €	+66.5%	-371,1 k €	+22.3%	-477,7 k €	-8.3%	-441,1 k €	-63.6%	-269,7 k €	-460%	-48,2 k €	-1068%	5 k €	-96.6%	147,8 k €	-20.1%	185 k €	+110%	87,9 k €
Total assets	471,6 k €	+10.7%	426,2 k €	-24.2%	562,3 k €	-47.1%	1,1 M €	+242%	311,2 k €	-58.3%	746 k €	+74.3%	428 k €	+83.7%	233 k €	-6.1%	248,1 k €	+1.9%	243,5 k €	+1.1%	240,9 k €	+7.2%	224,7 k €	-43.8%	399,6 k €	+3.8%	385,2 k €
Cash	–		0 €	-100%	90,4 k €	-9.9%	100,3 k €	-23.6%	131,3 k €	-40.5%	220,6 k €	+100%	110,3 k €	+409%	21,7 k €	-56.9%	50,3 k €	-12.6%	57,5 k €	+81.9%	31,6 k €	-47.0%	59,7 k €	+363%	12,9 k €	-74.6%	50,8 k €
Debts	58,9 k €	-53.7%	127,4 k €	-61.8%	333 k €	-62.4%	886 k €	+138%	371,8 k €	-66.4%	1,1 M €	+24.2%	891,7 k €	+32.5%	672,9 k €	+29.9%	517,9 k €	+78.9%	289,4 k €	+24.5%	232,5 k €	+207%	75,6 k €	-64.8%	214,7 k €	-27.8%	297,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		0,2 ETP	-95.7%	4,6 ETP	+12.2%	4,1 ETP	-22.6%	5,3 ETP	+43.2%	3,7 ETP	+8.8%	3,4 ETP	+30.8%	2,6 ETP	+160%	1,0 ETP	+100%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

Matthew Leonard Molton

Director · since 12 février 2026

Active

Quentin Thierry de Neve de Roden

Director · since 12 février 2026

Active

Erik Adam

Director · since 15 août 2018

Active

Alexander Wells Spencer

Director · until 12 février 2026

Active

Ended mandates

Sandra Legrand

Director · since 10 avril 2020

Ended

Erik ADAM

Manager · since 15 août 2018

Ended

Georgios Rologis

Director · since 30 mai 2018 · until 10 avril 2020

Ended

Georgios ROLOGIS

Manager · since 30 mai 2018

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	12/06/2026	29/07/2025	21/06/2024	09/06/2023	27/06/2022	16/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Abridged model	31/12/2025	29/05/2026	12/06/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	29/07/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	21/06/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	09/06/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	16/06/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	09/06/2020	French	PDF
Abridged model	31/12/2018	26/04/2019	11/06/2019	French	PDF
Full model	31/12/2017	27/04/2018	28/06/2018	French	PDF
Full model	31/12/2016	26/06/2017	29/06/2017	French	PDF
Full model	31/12/2015	29/04/2016	28/06/2016	French	PDF
Full model	31/12/2014	25/04/2015	21/08/2015	French	PDF
Full model	31/12/2013	25/04/2014	26/05/2014	French	PDF
Full model	31/12/2012	26/04/2013	03/06/2013	French	PDF
Full model	31/12/2011	25/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	29/04/2011	24/05/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 active · 15 ended

Active mandates

Matthew Leonard Molton

Director · since 12 février 2026

Active

Quentin Thierry de Neve de Roden

Director · since 12 février 2026

Active

Erik Adam

Director · since 15 août 2018

Active

Alexander Wells Spencer

Director · until 12 février 2026

Active

Ended mandates

Sandra Legrand

Director · since 10 avril 2020

Ended

Erik ADAM

Manager · since 15 août 2018

Ended

Georgios Rologis

Director · since 30 mai 2018 · until 10 avril 2020

Ended

Georgios ROLOGIS

Manager · since 30 mai 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/03/2026
Changement d'administrateur
PDF
Mandates15/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates21/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/08/2021
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates06/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates13/05/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2020
DENOMINATION - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025104 k €↑
2024
Annual accounts 202487,7 k €↑
2023
Annual accounts 202369,7 k €↓
2022
Annual accounts 2022254,6 k €↑
2021
Annual accounts 202181,7 k €↓
2018
Annual accounts 2018106,6 k €↑
2017
Annual accounts 2017-36,6 k €↑
2016
Annual accounts 2016-171,4 k €↑
2015
Annual accounts 2015-221,5 k €↓
2014
Annual accounts 2014-53,1 k €↑
2013
Annual accounts 2013-142,8 k €↓
2012
Annual accounts 2012-37,1 k €↓
2011
Annual accounts 201197,1 k €↑
2010
Annual accounts 201037,9 k €
27/04/2010
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

Pragma Business Services

Overview

What does Pragma Business Services do?

Trend over 14 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