ACTIVE

CUB MANAGEMENT

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Financial year 2024 · closed on 31/12/2024

Net result

768,6 k €

-94.1% YoY

Gross margin

586,1 k €

-41.0% YoY

Equity

20,5 M €

+3.9% YoY

What does CUB MANAGEMENT do?

CUB MANAGEMENT is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Bastogne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.201.632

Incorporation

21/10/2003

Legal form

Private limited company

Registered office

Place Mac-Auliffe 38
6600 Bastogne · WallonieSee on map

Contributed capital

195 000,00 €

Latest accounts

31/12/2024

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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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	586,1 k €	-41.0%	992,6 k €	-67.7%	3,1 M €	-32.4%	4,6 M €	+301%	1,1 M €	+18.2%	960 k €	+315%	231,2 k €	+27.1%	181,9 k €	-1.2%	184,1 k €	+14.2%	161,3 k €	+11.4%	144,7 k €	+21.1%	119,5 k €	-32.5%	177 k €	-21.7%	226,1 k €	+39.5%	162,1 k €	-6.7%	173,8 k €	-18.9%	214,3 k €	-8.1%	233,2 k €	+7.5%	217 k €
EBITDA	580,2 k €	-41.2%	986,3 k €	-67.9%	3,1 M €	-32.4%	4,5 M €	+301%	1,1 M €	+18.9%	953,6 k €	+318%	228,3 k €	+27.9%	178,5 k €	-1.4%	181,1 k €	+16.3%	155,8 k €	+12.6%	138,3 k €	+17.8%	117,4 k €	-32.6%	174,2 k €	-21.5%	221,8 k €	+41.8%	156,4 k €	-6.7%	167,6 k €	-20.5%	210,9 k €	-8.0%	229,4 k €	+6.2%	216 k €
Operating result	530,8 k €	-44.5%	955,7 k €	-68.7%	3,1 M €	-32.7%	4,5 M €	+301%	1,1 M €	+18.9%	952 k €	+322%	225,5 k €	+28.4%	175,7 k €	-1.1%	177,7 k €	+14.9%	154,7 k €	+12.8%	137,2 k €	+17.4%	116,8 k €	-32.6%	173,2 k €	-21.4%	220,5 k €	+42.5%	154,7 k €	+15.2%	134,4 k €	-35.3%	207,6 k €	-8.5%	227 k €	+6.3%	213,6 k €
Net result	768,6 k €	-94.1%	12,9 M €	+523%	2,1 M €	-32.7%	3,1 M €	+294%	783,6 k €	+31.2%	597,2 k €	+303%	148,2 k €	+34.6%	110,2 k €	-12.1%	125,3 k €	-24.0%	165 k €	-2.0%	168,3 k €	-94.5%	3 M €	+179%	1,1 M €	+292%	278,5 k €	+21.2%	229,8 k €	+13.5%	202,5 k €	-20.6%	254,9 k €	+11.2%	229,3 k €	+67.9%	136,6 k €
Balance sheet
Equity	20,5 M €	+3.9%	19,7 M €	+191%	6,8 M €	+44.3%	4,7 M €	+193%	1,6 M €	+96.4%	813,1 k €	+277%	215,9 k €	-0.8%	217,7 k €	-29.2%	307,5 k €	-36.2%	482,2 k €	-91.6%	5,7 M €	+3.0%	5,5 M €	+121%	2,5 M €	+76.8%	1,4 M €	+13.0%	1,3 M €	+22.4%	1 M €	+24.6%	824,4 k €	+44.8%	569,5 k €	+44.5%	394,1 k €
Total assets	21,9 M €	+3.2%	21,3 M €	+204%	7 M €	+38.1%	5,1 M €	+145%	2,1 M €	+61.1%	1,3 M €	+199%	430,5 k €	-13.7%	498,8 k €	-32.2%	735,3 k €	-88.1%	6,2 M €	+2.2%	6 M €	+2.1%	5,9 M €	-14.1%	6,9 M €	+286%	1,8 M €	+18.4%	1,5 M €	+11.2%	1,4 M €	+8.3%	1,3 M €	-0.5%	1,3 M €	+2.3%	1,2 M €
Cash	11,5 M €	-45.0%	20,8 M €	+989%	1,9 M €	+317%	458,7 k €	-66.3%	1,4 M €	+966%	127,8 k €	-44.3%	229,5 k €	-15.5%	271,5 k €	-50.1%	543,7 k €	-3.1%	561,2 k €	+48.3%	378,5 k €	-21.2%	480,3 k €	-8.0%	521,9 k €	+53.5%	340 k €	+54.3%	220,4 k €	+1096%	18,4 k €	-70.6%	62,8 k €	+12.8%	55,6 k €	+149%	22,4 k €
Debts	1,5 M €	-6.1%	1,6 M €	+547%	246,3 k €	-36.9%	390,3 k €	-18.1%	476,4 k €	+2.1%	466,7 k €	+117%	214,6 k €	-23.7%	281,1 k €	-34.3%	427,8 k €	-92.5%	5,7 M €	+1932%	280,1 k €	-17.6%	339,9 k €	-92.2%	4,4 M €	+1106%	361,6 k €	+53.6%	235,5 k €	-16.9%	283,4 k €	-28.7%	397,5 k €	-40.7%	670,1 k €	-18.2%	819,2 k €
Other
Workforce	–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 13 ended

Active mandates

Bernard FRANCOIS

Director

Active

Claudette ANDRIN

Director

Active

Ulrich FRANCOIS

Director

Active

Ended mandates

Bernard FRANCOIS

Director · since 26 juin 2021 · until 27 juin 2027

Ended

Claudette ANDRIN

Director · since 26 juin 2021 · until 27 juin 2027

Ended

Ulrich FRANCOIS

Managing director · since 26 juin 2021 · until 27 juin 2027

Ended

Bernard FRANCOIS

Managing director · since 27 juin 2015 · until 27 juin 2021

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/10/2025	19/12/2024	11/08/2023	31/08/2022	30/06/2021	28/09/2020
General meeting	08/10/2025	17/12/2024	24/06/2023	25/06/2022	26/06/2021	09/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	08/10/2025	24/10/2025	French	PDF
Abridged model	31/12/2023	17/12/2024	19/12/2024	French	PDF
Abridged model	31/12/2022	24/06/2023	11/08/2023	French	PDF
Abridged model	31/12/2021	25/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	26/06/2021	30/06/2021	French	PDF
Abridged model	31/12/2019	09/09/2020	28/09/2020	French	PDF
Abridged model	31/12/2018	29/06/2019	01/08/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	10/08/2018	French	PDF
Abridged model	31/12/2016	24/06/2017	03/07/2017	French	PDF
Abridged model	31/12/2015	25/06/2016	03/08/2016	French	PDF
Abridged model	31/12/2014	27/06/2015	11/08/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	01/08/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	26/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	27/06/2009	25/08/2009	French	PDF
Abridged model	31/12/2007	18/03/2008	07/05/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 3 active · 13 ended

Active mandates

Bernard FRANCOIS

Director

Active

Claudette ANDRIN

Director

Active

Ulrich FRANCOIS

Director

Active

Ended mandates

Bernard FRANCOIS

Director · since 26 juin 2021 · until 27 juin 2027

Ended

Claudette ANDRIN

Director · since 26 juin 2021 · until 27 juin 2027

Ended

Ulrich FRANCOIS

Managing director · since 26 juin 2021 · until 27 juin 2027

Ended

Bernard FRANCOIS

Managing director · since 27 juin 2015 · until 27 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates19/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates04/05/2010
DEMISSIONS, NOMINATIONS
PDF
Capital / shares09/11/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other07/04/2004
Modifications statutaires
PDF
Other28/10/2003
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

2024
Annual accounts 2024768,6 k €↓
2023
Annual accounts 202312,9 M €↑
2022
Annual accounts 20222,1 M €↓
2021
Annual accounts 20213,1 M €↑
2020
Annual accounts 2020783,6 k €↑
2019
Annual accounts 2019597,2 k €↑
2018
Annual accounts 2018148,2 k €↑
2017
Annual accounts 2017110,2 k €↓
2016
Annual accounts 2016125,3 k €↓
2015
Annual accounts 2015165 k €↓
2014
Annual accounts 2014168,3 k €↓
2013
Annual accounts 20133 M €↑
2012
Annual accounts 20121,1 M €↑
2011
Annual accounts 2011278,5 k €↑
2010
Annual accounts 2010229,8 k €↑
2009
Annual accounts 2009202,5 k €↓
2008
Annual accounts 2008254,9 k €↑
2007
Annual accounts 2007229,3 k €↑
2006
Annual accounts 2006136,6 k €
21/10/2003
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

CUB MANAGEMENT

Overview

What does CUB MANAGEMENT do?

Trend over 19 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