ACTIVE

eSPHERES

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Financial year 2025 · closed on 31/12/2025

Net result

-132,7 k €

-336.8% YoY

Gross margin

103,9 k €

-40.0% YoY

Equity

516,5 k €

-20.4% YoY

What does eSPHERES do?

eSPHERES is a Public limited company incorporated in 2011. Its main activity is: Other software publishing. Its registered office is in Etterbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0841.887.843

Incorporation

16/12/2011

Legal form

Public limited company

Registered office

Rue des Pères Blancs 4
1040 Etterbeek · BruxellesSee on map

Contributed capital

2 719 236,12 €

Latest accounts

31/12/2025

Activities (NACE)

58290Other software publishing· main 58290Other software publishing 62010Computer programming activities 62020Computer consultancy activities 62030Computer facilities management activities 62100Computer programming, consultancy and related activities+5

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

Solid equityGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	103,9 k €	-40.0%	173,2 k €	-13.4%	200 k €	+236%	59,5 k €	-67.3%	181,9 k €	+78.7%	101,8 k €	-85.2%	686,5 k €	+220%	214,7 k €	-7.9%	233,2 k €	-5.1%	245,7 k €	-24.8%	326,6 k €	+76.3%	185,3 k €	+162%	-298,6 k €	-31.2%	-227,6 k €
EBITDA	103,9 k €	-40.0%	173,2 k €	+4.6%	165,6 k €	+205%	54,4 k €	-61.0%	139,2 k €	+323%	32,9 k €	-92.6%	447,3 k €	+506%	73,9 k €	-10.5%	82,5 k €	+337%	-34,8 k €	+45.7%	-64,1 k €	-35.9%	-47,2 k €	+89.5%	-449,5 k €	-74.5%	-257,6 k €
Operating result	-9,7 k €	-116%	59,7 k €	+76.9%	33,8 k €	+155%	-61,7 k €	-338%	25,9 k €	+132%	-80,8 k €	-124%	333,6 k €	+641%	-61,6 k €	+71.2%	-213,9 k €	+42.9%	-374,7 k €	-4.2%	-359,7 k €	-37.8%	-261 k €	+58.4%	-626,9 k €	-78.5%	-351,2 k €
Net result	-132,7 k €	-337%	56,1 k €	+729%	6,8 k €	+111%	-63,1 k €	-368%	23,5 k €	+126%	-89,5 k €	-109%	1 M €	+231%	-776,2 k €	-229%	-236,1 k €	+25.4%	-316,4 k €	+23.0%	-411 k €	-164%	-155,7 k €	+78.6%	-726,9 k €	-83.7%	-395,6 k €
Balance sheet
Equity	516,5 k €	-20.4%	649,2 k €	+9.4%	593,2 k €	+1.2%	586,4 k €	-9.7%	649,5 k €	+3.8%	626 k €	-12.5%	715,4 k €	+340%	-298,5 k €	-162%	477,7 k €	-33.1%	713,7 k €	-30.7%	1 M €	-28.5%	1,4 M €	+1778%	76,7 k €	-90.5%	803,6 k €
Total assets	909,1 k €	-4.2%	949 k €	+21.2%	783 k €	-14.2%	912,9 k €	-9.3%	1 M €	-15.8%	1,2 M €	-13.4%	1,4 M €	+26.5%	1,1 M €	-41.3%	1,9 M €	-10.1%	2,1 M €	-10.7%	2,3 M €	-11.5%	2,6 M €	-4.0%	2,7 M €	-4.9%	2,9 M €
Cash	218,1 k €	+93.7%	112,6 k €	+21.7%	92,6 k €	+375%	19,5 k €	+119%	8,9 k €	+13.0%	7,9 k €	-33.5%	11,8 k €	-77.9%	53,5 k €	+128%	23,5 k €	+101%	11,7 k €	-68.7%	37,3 k €	+13.2%	32,9 k €	+202%	10,9 k €	-98.7%	833,6 k €
Debts	392,6 k €	+31.0%	299,7 k €	+57.9%	189,9 k €	-41.8%	326,4 k €	-8.4%	356,6 k €	-37.4%	569,3 k €	-14.4%	664,8 k €	-52.2%	1,4 M €	+1.2%	1,4 M €	+3.1%	1,3 M €	+5.4%	1,3 M €	+7.4%	1,2 M €	-55.7%	2,7 M €	+28.4%	2,1 M €
Other
Workforce	–		–		–		0,9 ETP	-52.6%	1,9 ETP	-24.0%	2,5 ETP	-39.0%	4,1 ETP	+70.8%	2,4 ETP	-7.7%	2,6 ETP	-39.5%	4,3 ETP	-23.2%	5,6 ETP	+93.1%	2,9 ETP	+3.6%	2,8 ETP	+600%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Frédéric Tribel

Managing director · since 01 juin 2024 · until 31 mai 2030

Active

Paul Bosmans

Director · since 01 juin 2024 · until 31 mai 2030

Active

Philippe Fontaine

Director · since 01 juin 2024 · until 31 mai 2030

Active

RL7 Partners Ltd

Director · since 01 juin 2024 · until 31 mai 2030

Represented by Jouni Honkavaara

Active

Ended mandates

Frédéric Tribel

Managing director · since 14 mai 2024 · until 14 mai 2030

Ended

Paul Bosmans

Director · since 14 mai 2024 · until 14 mai 2030

Ended

Philippe Fontaine

Director · since 14 mai 2024 · until 14 mai 2030

Ended

RL7 Partners Ltd S. Etr.

Director · since 14 mai 2024 · until 14 mai 2030

Represented by Jouni Honkavaara

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	04/09/2026	08/09/2025	04/10/2024	14/09/2023	01/08/2022	27/07/2021
General meeting	28/08/2026	03/09/2025	02/10/2024	12/09/2023	28/07/2022	11/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/08/2026	04/09/2026	French	PDF
Abridged model	31/12/2024	03/09/2025	08/09/2025	French	PDF
Abridged model	31/12/2023	02/10/2024	04/10/2024	French	PDF
Abridged model	31/12/2022	12/09/2023	14/09/2023	French	PDF
Abridged model	31/12/2021	28/07/2022	01/08/2022	French	PDF
Abridged model	31/12/2020	11/05/2021	27/07/2021	French	PDF
Abridged model	31/12/2019	08/07/2020	24/07/2020	French	PDF
Abridged model	31/12/2018	25/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	12/06/2018	French	PDF
Abridged model	31/12/2016	10/07/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	17/06/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	23/05/2014	11/06/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	16/07/2013	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Frédéric Tribel

Managing director · since 01 juin 2024 · until 31 mai 2030

Active

Paul Bosmans

Director · since 01 juin 2024 · until 31 mai 2030

Active

Philippe Fontaine

Director · since 01 juin 2024 · until 31 mai 2030

Active

RL7 Partners Ltd

Director · since 01 juin 2024 · until 31 mai 2030

Represented by Jouni Honkavaara

Active

Ended mandates

Frédéric Tribel

Managing director · since 14 mai 2024 · until 14 mai 2030

Ended

Paul Bosmans

Director · since 14 mai 2024 · until 14 mai 2030

Ended

Philippe Fontaine

Director · since 14 mai 2024 · until 14 mai 2030

Ended

RL7 Partners Ltd S. Etr.

Director · since 14 mai 2024 · until 14 mai 2030

Represented by Jouni Honkavaara

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/12/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring06/02/2020
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring06/11/2019
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates27/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates26/05/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/04/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates23/04/2013
DEMISSIONS, NOMINATIONS
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 2025-132,7 k €↓
2024
Annual accounts 202456,1 k €↑
2023
Annual accounts 20236,8 k €↑
2022
Annual accounts 2022-63,1 k €↓
2021
Annual accounts 202123,5 k €↑
2020
Annual accounts 2020-89,5 k €↓
2019
Annual accounts 20191 M €↑
2018
Annual accounts 2018-776,2 k €↓
2017
Annual accounts 2017-236,1 k €↑
2016
Annual accounts 2016-316,4 k €↑
2015
Annual accounts 2015-411 k €↓
2014
Annual accounts 2014-155,7 k €↑
2013
Annual accounts 2013-726,9 k €↓
2012
Annual accounts 2012-395,6 k €
16/12/2011
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

eSPHERES

Overview

What does eSPHERES 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