ACTIVE

FLAG MANAGEMENT

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Financial year 2025 · closed on 30/09/2025

Net result

78,9 k €

-9.4% YoY

Gross margin

112,7 k €

-7.0% YoY

Equity

103,9 k €

-3.5% YoY

What does FLAG MANAGEMENT do?

FLAG MANAGEMENT is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0837.879.664

Incorporation

08/07/2011

Legal form

Private limited company

Registered office

Avenue Emile Van Becelaere 13
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

8 060,00 €

Latest accounts

30/09/2025

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	112,7 k €	-7.0%	121,2 k €	+3.6%	117 k €	+11.9%	104,5 k €	-0.9%	105,5 k €	+118%	48,4 k €	-58.5%	116,7 k €	-41.1%	198,2 k €	+56.4%	126,7 k €	+0.6%	126 k €	+0.4%	125,5 k €	+12.4%	111,6 k €	+4.8%	106,5 k €	+163%	40,5 k €
EBITDA	111,8 k €	-6.9%	120,1 k €	+3.5%	116,1 k €	+12.0%	103,6 k €	-1.2%	104,9 k €	+122%	47,4 k €	-58.3%	113,5 k €	-42.3%	196,7 k €	+56.1%	126 k €	+0.6%	125,2 k €	+0.5%	124,5 k €	+12.8%	110,4 k €	+6.3%	103,8 k €	+156%	40,5 k €
Operating result	108 k €	-6.9%	116 k €	+1.0%	114,9 k €	+12.5%	102,1 k €	-1.2%	103,4 k €	+123%	46,3 k €	-59.1%	113,3 k €	-41.5%	193,7 k €	+57.6%	122,9 k €	-1.5%	124,8 k €	+0.5%	124,2 k €	+12.7%	110,2 k €	+6.3%	103,6 k €	+156%	40,5 k €
Net result	78,9 k €	-9.4%	87,1 k €	+1.7%	85,7 k €	+12.1%	76,4 k €	-2.3%	78,3 k €	+125%	34,8 k €	-59.5%	86 k €	-29.9%	122,6 k €	+53.8%	79,7 k €	-0.9%	80,5 k €	+0.3%	80,2 k €	+13.3%	70,8 k €	+5.6%	67 k €	+157%	26,1 k €
Balance sheet
Equity	103,9 k €	-3.5%	107,6 k €	+32.1%	81,5 k €	+46.1%	55,8 k €	+41.8%	39,3 k €	+86.8%	21,1 k €	-32.5%	31,2 k €	+279%	8,2 k €	-3.0%	8,5 k €	-2.9%	8,7 k €	+5.5%	8,3 k €	+2.5%	8,1 k €	-2.7%	8,3 k €	+0.1%	8,3 k €
Total assets	184 k €	+18.2%	155,7 k €	+19.6%	130,2 k €	+16.6%	111,7 k €	+12.4%	99,4 k €	-15.4%	117,4 k €	+11.5%	105,3 k €	+4.1%	101,2 k €	+16.7%	86,7 k €	+206%	28,4 k €	-66.9%	85,7 k €	+44.3%	59,4 k €	+3.7%	57,3 k €	+5.8%	54,2 k €
Cash	165,3 k €	+29.1%	128 k €	+17.0%	109,4 k €	+10.7%	98,8 k €	+16.8%	84,6 k €	-6.1%	90,1 k €	+8.6%	83 k €	+0.4%	82,6 k €	-0.7%	83,1 k €	+211%	26,7 k €	-68.3%	84,2 k €	+44.8%	58,1 k €	+3.8%	56 k €	+4.8%	53,5 k €
Debts	80,2 k €	+66.6%	48,1 k €	-1.4%	48,8 k €	-12.8%	55,9 k €	-5.8%	59,3 k €	-38.1%	95,9 k €	+29.4%	74,1 k €	-20.3%	92,9 k €	+18.8%	78,2 k €	+298%	19,6 k €	-74.6%	77,4 k €	+50.8%	51,3 k €	+4.8%	49 k €	+6.9%	45,9 k €

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 · 3 ended

Active mandates

Fabio GAMBA

Director · since 08 juillet 2011

Active

Ended mandates

Aylin GAMBA

Manager · since 01 octobre 2011

Ended

Aylin GAMBA

Associate · since 01 octobre 2011

Ended

Fabio GAMBA

Manager · since 08 juillet 2011

Ended

At this address

Other companies at this address

Company	CBE no.
DEVELOPPEMENTS ET INTERMEDIAIRES COMMERCIAUX ET ARTISTIQUES● Active	0402.038.967

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	31/03/2026	09/04/2025	05/04/2024	04/04/2023	12/04/2022	31/03/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	27/03/2026	31/03/2026	French	PDF
Micro model	30/09/2024	28/03/2025	09/04/2025	French	PDF
Micro model	30/09/2023	29/03/2024	05/04/2024	French	PDF
Micro model	30/09/2022	31/03/2023	04/04/2023	French	PDF
Micro model	30/09/2021	25/03/2022	12/04/2022	French	PDF
Micro model	30/09/2020	26/03/2021	31/03/2021	French	PDF
Micro model	30/09/2019	27/03/2020	03/07/2020	French	PDF
Micro model	30/09/2018	29/03/2019	02/04/2019	French	PDF
Micro model	31/12/2016	02/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	03/05/2016	23/08/2016	French	PDF
Abridged model	31/12/2014	09/03/2015	12/06/2015	French	PDF
Abridged model	31/12/2013	28/02/2014	27/05/2014	French	PDF
Abridged model	31/12/2012	22/02/2013	30/04/2013	French	PDF
Abridged model	31/12/2011	18/02/2012	16/06/2012	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 · 3 ended

Active mandates

Fabio GAMBA

Director · since 08 juillet 2011

Active

Ended mandates

Aylin GAMBA

Manager · since 01 octobre 2011

Ended

Aylin GAMBA

Associate · since 01 octobre 2011

Ended

Fabio GAMBA

Manager · since 08 juillet 2011

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202578,9 k €↓
2024
Annual accounts 202487,1 k €↑
2023
Annual accounts 202385,7 k €↑
2022
Annual accounts 202276,4 k €↓
2021
Annual accounts 202178,3 k €↑
2020
Annual accounts 202034,8 k €↓
2019
Annual accounts 201986 k €↓
2018
Annual accounts 2018122,6 k €↑
2016
Annual accounts 201679,7 k €↓
2015
Annual accounts 201580,5 k €↑
2014
Annual accounts 201480,2 k €↑
2013
Annual accounts 201370,8 k €↑
2012
Annual accounts 201267 k €↑
2011
Annual accounts 201126,1 k €
08/07/2011
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

FLAG MANAGEMENT

Overview

What does FLAG MANAGEMENT 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

Similar companies

Similar companies

Timeline