ACTIVE

PHARE INTERNATIONAL

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Financial year 2025 · closed on 31/12/2025

Net result

59 k €

-89.4% YoY

Gross margin

559,7 k €

-30.3% YoY

Equity

1,3 M €

+4.9% YoY

What does PHARE INTERNATIONAL do?

PHARE INTERNATIONAL is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Kapellen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.001.296

Incorporation

10/10/2003

Legal form

Private limited company

Registered office

Duinendreef 4
2950 Kapellen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	559,7 k €	-30.3%	803,5 k €	+75.3%	458,4 k €	+158%	177,8 k €	+82.0%	97,7 k €	+15.7%	84,5 k €	-37.0%	134,1 k €	+37.3%	97,6 k €	+1.4%	96,3 k €	+174%	35,2 k €	-62.4%	93,7 k €	-21.4%	119,2 k €	-35.9%	185,8 k €	+5.6%	175,9 k €	+208%	57,1 k €	-31.5%	83,4 k €	-7.2%	89,8 k €	-25.0%	119,8 k €
EBITDA	230,7 k €	-71.0%	795,1 k €	+76.5%	450,4 k €	+165%	170,2 k €	+92.2%	88,6 k €	+11.0%	79,8 k €	-37.2%	127 k €	+40.8%	90,3 k €	+1.0%	89,3 k €	+177%	32,2 k €	-62.1%	85 k €	-25.9%	114,8 k €	-36.6%	181,2 k €	+6.3%	170,5 k €	+217%	53,7 k €	-31.1%	77,9 k €	-10.2%	86,8 k €	-24.8%	115,3 k €
Operating result	58,3 k €	-91.9%	723,7 k €	+90.8%	379,2 k €	+266%	103,5 k €	+253%	29,3 k €	-1.4%	29,7 k €	-62.3%	78,8 k €	+88.3%	41,8 k €	+20.6%	34,7 k €	+862%	-4,6 k €	-109%	48,9 k €	-34.7%	74,9 k €	-20.1%	93,7 k €	-26.8%	128 k €	+753%	15 k €	-72.3%	54,3 k €	-14.2%	63,2 k €	-31.9%	92,8 k €
Net result	59 k €	-89.4%	557,3 k €	+96.5%	283,6 k €	+312%	68,9 k €	+2965%	2,2 k €	-62.8%	6 k €	-85.0%	40,4 k €	+319%	9,6 k €	+8.1%	8,9 k €	+147%	-18,9 k €	-221%	15,7 k €	-53.5%	33,8 k €	-41.9%	58,1 k €	-16.8%	69,9 k €	+744%	8,3 k €	-59.1%	20,3 k €	-47.7%	38,8 k €	-39.9%	64,5 k €
Balance sheet
Equity	1,3 M €	+4.9%	1,2 M €	+86.9%	640,7 k €	+79.0%	357,8 k €	+23.5%	289,7 k €	+0.5%	288,2 k €	+1.9%	282,8 k €	+16.3%	243,2 k €	+3.8%	234,3 k €	+3.6%	226,2 k €	-8.0%	245,8 k €	+6.5%	230,9 k €	+16.7%	197,9 k €	+40.9%	140,5 k €	+88.0%	74,7 k €	+5.3%	71 k €	-64.2%	198,5 k €	+22.1%	162,6 k €
Total assets	3 M €	+18.0%	2,5 M €	+36.4%	1,8 M €	+70.5%	1,1 M €	+3.7%	1 M €	+70.0%	613,3 k €	-18.1%	748,5 k €	-15.4%	884,7 k €	+0.5%	880,2 k €	+34.6%	653,9 k €	-20.9%	826,5 k €	-6.5%	883,6 k €	+1.1%	874,4 k €	+39.9%	624,9 k €	+14.7%	545,1 k €	-0.9%	550 k €	+4.0%	529 k €	-1.4%	536,2 k €
Cash	114,2 k €	+221%	35,5 k €	+41.4%	25,1 k €	-92.0%	314,1 k €	+38.9%	226,2 k €	+4.1%	217,3 k €	-29.3%	307,5 k €	+210%	99,3 k €	+456%	17,9 k €	-64.4%	50,3 k €	-73.7%	191,1 k €	-11.5%	216 k €	+35.7%	159,1 k €	-23.9%	209,2 k €	+95.7%	106,9 k €	-32.0%	157,3 k €	+23.6%	127,3 k €	-12.0%	144,6 k €
Debts	1,6 M €	+31.3%	1,3 M €	+10.2%	1,1 M €	+69.3%	671,8 k €	-4.6%	704,2 k €	+158%	273,3 k €	-34.3%	416,1 k €	-29.4%	589,1 k €	-3.9%	612,7 k €	+51.6%	404,1 k €	-28.2%	562,8 k €	-11.2%	634,1 k €	-4.8%	666,2 k €	+39.7%	477 k €	+4.0%	458,5 k €	-2.9%	472,4 k €	+46.4%	322,6 k €	-11.4%	364 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Sabine Bocken

Director · since 08 janvier 2008

Active

Philippe Carrasquet

Director · since 10 octobre 2003

Active

Ended mandates

Sabine Bocken

Manager · since 08 janvier 2008

Ended

Philippe Carrasquet

Manager · since 10 octobre 2003

Ended

At this address

Other companies at this address

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Ceresmar● Active	0794.480.577
ORSO INTERNATIONAL● Active	0896.466.377

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	30/07/2026	30/07/2025	03/07/2024	01/08/2023	20/07/2022	22/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	03/07/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	30/06/2023	01/08/2023	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	26/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	18/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/07/2010	12/08/2010	Dutch	PDF
Abridged model	31/12/2008	31/07/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	18/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	21/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 2 ended

Active mandates

Sabine Bocken

Director · since 08 janvier 2008

Active

Philippe Carrasquet

Director · since 10 octobre 2003

Active

Ended mandates

Sabine Bocken

Manager · since 08 janvier 2008

Ended

Philippe Carrasquet

Manager · since 10 octobre 2003

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/11/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/02/2023
MAATSCHAPPELIJKE ZETEL
PDF
Registered office07/02/2020
MAATSCHAPPELIJKE ZETEL
PDF
Registered office10/01/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/01/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/11/2005
MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other17/10/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202559 k €↓
2024
Annual accounts 2024557,3 k €↑
2023
Annual accounts 2023283,6 k €↑
2022
Annual accounts 202268,9 k €↑
2021
Annual accounts 20212,2 k €↓
2020
Annual accounts 20206 k €↓
2019
Annual accounts 201940,4 k €↑
2018
Annual accounts 20189,6 k €↑
2017
Annual accounts 20178,9 k €↑
2016
Annual accounts 2016-18,9 k €↓
2015
Annual accounts 201515,7 k €↓
2014
Annual accounts 201433,8 k €↓
2013
Annual accounts 201358,1 k €↓
2012
Annual accounts 201269,9 k €↑
2011
Annual accounts 20118,3 k €↓
2010
Annual accounts 201020,3 k €↓
2009
Annual accounts 200938,8 k €↓
2008
Annual accounts 200864,5 k €
10/10/2003
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

PHARE INTERNATIONAL

Overview

What does PHARE INTERNATIONAL do?

Trend over 18 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