ACTIVE

KEMUSHI

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Financial year 2025 · closed on 30/09/2025

Net result

-3,4 k €

-106.0% YoY

Gross margin

103,6 k €

+50.5% YoY

Equity

592,3 k €

-0.6% YoY

Workforce

1,0 ETP

0.0% YoY

What does KEMUSHI do?

KEMUSHI is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Ixelles. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0826.069.222

Incorporation

21/05/2010

Legal form

Private limited company

Registered office

Rue d'Alsace-Lorraine 25
1050 Ixelles · BruxellesSee on map

Contributed capital

12 500,00 €

Latest accounts

30/09/2025

Average workforce

1,0 ETP

Activities (NACE)

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

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	103,6 k €	+50.5%	68,8 k €	-53.7%	148,5 k €	-15.4%	175,5 k €	-11.3%	197,7 k €	-28.5%	276,5 k €	+79.8%	153,8 k €	+26.0%	122,1 k €	+24.3%	98,2 k €	-38.5%	159,8 k €	+54.7%	103,3 k €	+11.5%	92,7 k €	-34.1%	140,5 k €	+42.4%	98,7 k €	-5.3%	104,2 k €
EBITDA	57,8 k €	+104%	28,4 k €	-73.4%	106,8 k €	-24.6%	141,6 k €	-14.5%	165,6 k €	-33.4%	248,8 k €	+63.4%	152,3 k €	+27.3%	119,7 k €	+24.2%	96,3 k €	-38.6%	156,9 k €	+161%	60 k €	-34.4%	91,5 k €	-34.7%	140,1 k €	+42.6%	98,2 k €	-5.0%	103,4 k €
Operating result	40,5 k €	+467%	7,1 k €	-91.6%	84,7 k €	-29.7%	120,4 k €	-18.6%	147,9 k €	-36.0%	231,1 k €	+71.7%	134,6 k €	+31.4%	102,4 k €	+36.4%	75,1 k €	-45.9%	138,8 k €	+213%	44,4 k €	-47.7%	84,8 k €	-36.4%	133,4 k €	+36.5%	97,7 k €	-5.0%	102,9 k €
Net result	-3,4 k €	-106%	57,3 k €	-2.9%	59 k €	-37.7%	94,8 k €	-11.7%	107,4 k €	-17.6%	130,4 k €	+14.9%	113,5 k €	+85.0%	61,3 k €	-5.0%	64,6 k €	-39.1%	106 k €	+449%	19,3 k €	-67.6%	59,7 k €	-44.2%	107 k €	+32.8%	80,6 k €	+2.6%	78,6 k €
Balance sheet
Equity	592,3 k €	-0.6%	595,8 k €	+10.6%	538,4 k €	+12.3%	479,4 k €	+15.6%	414,6 k €	+23.0%	337,2 k €	+26.4%	266,8 k €	+25.1%	213,4 k €	+8.3%	197 k €	+8.0%	182,4 k €	+44.3%	126,4 k €	-4.3%	132,1 k €	-14.0%	153,7 k €	+59.0%	96,7 k €	+46.3%	66,1 k €
Total assets	1,2 M €	+16.3%	1 M €	+3.2%	972,9 k €	+4.0%	935,3 k €	-3.3%	966,9 k €	+5.5%	916,4 k €	+10.7%	828,2 k €	+34.7%	615 k €	-2.0%	627,4 k €	+4.3%	601,5 k €	+12.6%	534,4 k €	+91.7%	278,7 k €	+6.7%	261,3 k €	+51.6%	172,3 k €	+37.2%	125,6 k €
Cash	30,7 k €	-55.3%	68,8 k €	+267%	18,8 k €	-86.3%	136,8 k €	-61.4%	354,2 k €	+89.2%	187,2 k €	+52.4%	122,8 k €	+126%	54,4 k €	+333%	12,6 k €	-67.1%	38,3 k €	+149%	15,3 k €	-32.9%	22,9 k €	-24.0%	30,1 k €	+618%	4,2 k €	-90.3%	43 k €
Debts	363 k €	+84.9%	196,3 k €	-11.7%	222,3 k €	-5.0%	234 k €	-29.2%	330,4 k €	-10.2%	367,9 k €	+5.7%	348,1 k €	-12.9%	399,7 k €	-6.5%	427,4 k €	+2.4%	417,5 k €	+2.6%	406,8 k €	+178%	146,6 k €	+36.2%	107,6 k €	+42.2%	75,7 k €	+27.0%	59,6 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 30/09/2025 · 1 active

Active mandates

David SONNET

Mandate

Active

At this address

Other companies at this address

Company	CBE no.
A.C.P. de l'immeuble Alsace Lorraine 25 sis à Ixelles, Rue Alsace Lorraine 25.● Active	0821.223.378
AHIJUNA SRL● Active	0757.851.201
ZwemXL● Active	1015.554.267

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/04/2026	25/04/2025	18/04/2024	21/04/2023	31/03/2022	07/04/2021
General meeting	31/03/2026	31/03/2025	23/03/2024	31/03/2023	30/03/2022	06/03/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	26/04/2026	French	PDF
Abridged model	30/09/2024	31/03/2025	25/04/2025	French	PDF
Abridged model	30/09/2023	23/03/2024	18/04/2024	French	PDF
Abridged model	30/09/2022	31/03/2023	21/04/2023	French	PDF
Micro model	30/09/2021	30/03/2022	31/03/2022	French	PDF
Micro model	30/09/2020	06/03/2021	07/04/2021	French	PDF
Micro model	30/09/2019	28/04/2020	30/04/2020	French	PDF
Micro model	30/09/2018	02/03/2019	28/05/2019	French	PDF
Micro model	30/09/2017	26/04/2018	28/05/2018	French	PDF
Abridged model	30/09/2016	04/03/2017	29/05/2017	French	PDF
Abridged model	30/09/2015	05/03/2016	04/04/2016	French	PDF
Abridged model	30/09/2014	07/03/2015	20/05/2015	French	PDF
Abridged model	30/09/2013	29/04/2014	28/05/2014	French	PDF
Abridged model	30/09/2012	02/03/2013	08/05/2013	French	PDF
Abridged model	30/09/2011	03/03/2012	31/05/2012	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 30/09/2025 · 1 active

Active mandates

David SONNET

Mandate

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office10/07/2015
SIEGE SOCIAL
PDF
Other02/06/2010
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 2025-3,4 k €↓
2024
Annual accounts 202457,3 k €↓
2023
Annual accounts 202359 k €↓
2022
Annual accounts 202294,8 k €↓
2021
Annual accounts 2021107,4 k €↓
2020
Annual accounts 2020130,4 k €↑
2019
Annual accounts 2019113,5 k €↑
2018
Annual accounts 201861,3 k €↓
2017
Annual accounts 201764,6 k €↓
2016
Annual accounts 2016106 k €↑
2015
Annual accounts 201519,3 k €↓
2014
Annual accounts 201459,7 k €↓
2013
Annual accounts 2013107 k €↑
2012
Annual accounts 201280,6 k €↑
2011
Annual accounts 201178,6 k €
21/05/2010
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

KEMUSHI

Overview

What does KEMUSHI do?

Trend over 15 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