ACTIVE

European Association of Research Managers and Administrators

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Financial year 2025 · Closed on 31/12/2025

Net result-64,3 k €-154,8 %over 1 year

Gross margin853,5 k €+11,0 %over 1 year

Equity854,4 k €-7,0 %over 1 year

Workforce13,1 ETP+9,2 %over 1 year

Identity

Source · BCE/KBO

European Association of Research Managers and Administrators is a Non-profit organization incorporated in 2010. Its main activity is: Activities of professional membership organisations. Its registered office is in Bruxelles. It employs on average 13,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0831.444.012
Incorporation: 29/11/2010
Legal form: Non-profit organization
Registered office: Rue des Colonies 56
1000 Bruxelles · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 13,1 ETP

Activities (NACE)

94120Activities of professional membership organisations· main 94120Activities of professional membership organisations

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 6 filings

Trend over 6 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	853,5 k €	+11.0%	769,3 k €	+64.9%	466,6 k €	+4.2%	447,6 k €	-2.8%	460,7 k €
EBITDA	49,9 k €	-74.3%	194 k €	+233%	58,2 k €	-64.4%	163,5 k €	-42.0%	281,9 k €
Operating result	-19,8 k €	-114%	140,9 k €	+591%	20,4 k €	-80.9%	106,8 k €	-46.0%	197,9 k €
Net result	-64,3 k €	-155%	117,3 k €	+1065%	-12,2 k €	-111%	105,7 k €	-46.4%	197,4 k €
Balance sheet
Equity	854,4 k €	-7.0%	918,7 k €	+14.6%	801,4 k €	-1.5%	813,5 k €	+14.9%	707,8 k €
Total assets	2,1 M €	-4.4%	2,2 M €	+4.6%	2,1 M €	+2.0%	2 M €	+129%	890,5 k €
Cash	1 M €	-18.8%	1,3 M €	+43.5%	871,8 k €	-23.8%	1,1 M €	+72.6%	663,2 k €
Debts	229,6 k €	-3.8%	238,5 k €	-0.2%	238,9 k €	+18.4%	201,8 k €	+96.7%	102,6 k €
Other
Workforce	13,1 ETP	+9.2%	12,0 ETP	+50.0%	8,0 ETP	+50.9%	5,3 ETP	+51.4%	3,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 19 ended

Active mandates

Director	Mandates in this company	Period
Ignasi Salvado Estivill	Director06/05/2025 → 06/05/2027
Joana Porcel Carbonell	Director06/05/2025 → 06/05/2027
Dipti Pandya	Chairman of the board of directorssince 24/04/2023

Ended mandates

Director	Mandates in this company	Period
Christian Bonnici	Director25/06/2024 → 30/06/2026
Edwin Kanters	Director25/06/2024 → 30/06/2026
Ridhdhi Rathore	Director25/06/2024 → 30/06/2026
Evelina BRANNVALL	Director25/06/2023 → 30/06/2026

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Rue des Colonies 56 1000 Bruxelles

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Full financial information

Source · NBB

	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	25/06/2026	27/06/2025	09/07/2024	18/07/2023	30/06/2022	02/07/2021
General meeting	07/05/2026	06/05/2025	25/06/2024	20/06/2023	04/05/2022	05/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	07/05/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/05/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	09/07/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	04/05/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	02/07/2021	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 19 ended

Active mandates

Director	Mandates in this company	Period
Ignasi Salvado Estivill	Director06/05/2025 → 06/05/2027
Joana Porcel Carbonell	Director06/05/2025 → 06/05/2027
Dipti Pandya	Chairman of the board of directorssince 24/04/2023

Ended mandates

Director	Mandates in this company	Period
Christian Bonnici	Director25/06/2024 → 30/06/2026
Edwin Kanters	Director25/06/2024 → 30/06/2026
Ridhdhi Rathore	Director25/06/2024 → 30/06/2026
Evelina BRANNVALL	Director25/06/2023 → 30/06/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/02/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other12/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/02/2025
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates09/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2018
DEMISSIONS, NOMINATIONS
PDF
Other08/09/2017
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/09/2016
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings6 filings

Mandates

Ignasi Salvado Estivill

Joana Porcel Carbonell

Dipti Pandya

Edwin Kanters

Ridhdhi Rathore

Christian Bonnici

Evelina BRANNVALL

John DONOVAN

Eleonora ZUOLO

Harald Hasler - Sheetal

Dipti Madhvi Pandya

Simon KERRIDGE

and 10 more mandates

201020112012201320142015201620172018201920202021202220232024202520262027

EARMAEuropean Association of Research Managers and Administrators (EARMA)

Rue des Colonies 56, 1000 BrusselsRUE JOSEPH II 36-38, 1000 Brussels

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Colonies 56, 1000 BrusselsCurrent	accounts 2025	Accounts 2025 · 2026-00232606
RUE JOSEPH II 36-38 0, 1000 Brussels	accounts 2024	Accounts 2024 · 2025-00215783
RUE JOSEPH II 36-38, 1000 Brussels	accounts 2021 → 2023	Accounts 2023 · 2024-00224719

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
European Association of Research Managers and AdministratorsCurrent		CBE
EARMA	accounts 2023 → 2025	Accounts 2025 · 2026-00232606
European Association of Research Managers and Administrators (EARMA)	accounts 2021 → 2022	Accounts 2022 · 2023-00244558
European Association of Research Managers and Administrators	accounts 2020	Accounts 2020 · 2021-30000425

Events

2025
Annual accounts 2025-64,3 k €↓
2024
Annual accounts 2024117,3 k €↑
2023
Annual accounts 2023-12,2 k €↓
2023
Name changeEARMA
2022
Annual accounts 2022105,7 k €↓
2021
Annual accounts 2021197,4 k €↑
2021
Name changeEuropean Association of Research Managers and Administrators (EARMA)
2020
Annual accounts 202015,4 k €
29/11/2010
IncorporationNon-profit organization

European Association of Research Managers and Administrators

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events