ACTIVE

SERTIUS

Financial year 2025 · closed on 31/12/2025
Net result
2,4 M €
+2.9% YoY
Revenue
17,4 M €
+9.4% YoY
Equity
4 M €
+73.4% YoY
Workforce
74,3 ETP
+7.5% YoY

What does SERTIUS do?

SERTIUS is a Public limited company incorporated in 2004. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Bruxelles. It employs on average 74,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0862.464.018
Incorporation
02/01/2004
Legal form
Public limited company
Registered office
Rue Picard 7 box 100
1000 Bruxelles · BruxellesSee on map
Contributed capital
175 000,00 €
Latest accounts
31/12/2025
Average workforce
74,3 ETP
Joint committees (4)
  • 200
  • 2000
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Revenue17,4 M €15,9 M €13,6 M €11,4 M €
EBITDA3,2 M €2,7 M €2 M €1,6 M €1,7 M €897,8 k €860,4 k €745,4 k €796,3 k €584,9 k €186,9 k €390,9 k €247,3 k €390,8 k €124,4 k €176,3 k €122,5 k €50,5 k €
Operating result3,1 M €2,6 M €1,9 M €1,5 M €1,6 M €843 k €818,2 k €709,4 k €764,1 k €571 k €156,2 k €284,3 k €193,2 k €332,6 k €79,8 k €89,7 k €54,1 k €32,2 k €
Net result2,4 M €2,3 M €1,7 M €1,3 M €1,4 M €707,8 k €687,6 k €592,4 k €637,1 k €461,5 k €62,8 k €170,4 k €44,9 k €172,4 k €22,9 k €-3,2 k €-12,5 k €-9,7 k €
Balance sheet
Equity4 M €2,3 M €1,9 M €1,5 M €1,2 M €340,3 k €253,2 k €249,4 k €244,7 k €242,4 k €235,6 k €232,8 k €190,8 k €184,3 k €110,4 k €65,8 k €47,5 k €23,9 k €
Total assets8,7 M €8,9 M €6,8 M €5 M €4,8 M €3,4 M €3,4 M €2,8 M €2,8 M €3,3 M €2,3 M €2,6 M €2,8 M €2,6 M €2,2 M €2,3 M €1,9 M €1,7 M €
Cash1,1 M €328,2 k €934,7 k €188,7 k €431,3 k €346,4 k €376 k €384,5 k €260,3 k €261 k €174,3 k €338,4 k €505,4 k €173,6 k €522,6 k €343,6 k €37,8 k €200,1 k €
Debts4,1 M €5,9 M €4,3 M €3 M €3,3 M €2,7 M €2,8 M €2,2 M €2 M €2,5 M €1,6 M €1,8 M €2 M €1,9 M €1,5 M €1,9 M €1,3 M €993,9 k €
Other
Workforce74,3 ETP69,1 ETP60,6 ETP56,6 ETP58,1 ETP40,6 ETP36,7 ETP34,4 ETP31,9 ETP31,0 ETP28,1 ETP29,4 ETP28,8 ETP24,9 ETP23,6 ETP23,4 ETP22,4 ETP20,7 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 31/12/2025 · 13 active · 90 ended

Active mandates

BALAS MANAGEMENT & CONSULTANCY

Director · since 15 juillet 2025 · until 30 mai 2031 · 0797.751.655

Represented by Peter Balas

Active
DLS Legal

Director · since 15 juillet 2025 · until 30 mai 2031 · 0752.657.444

Represented by Steven Deleersnyder

Active
Finorad

Director · since 15 juillet 2025 · until 30 mai 2031 · 1024.156.187

Represented by Peggy Ogier

Active
GI-D Consulting

Director · since 15 juillet 2025 · until 30 mai 2031 · 1025.227.444

Represented by Gilles Delfosse

Active
GILCO

Director · since 15 juillet 2025 · until 30 mai 2031 · 0863.449.161

Represented by Bart Gille

Active
LYNX CONSULT

Director · since 15 juillet 2025 · until 30 mai 2031 · 1023.961.593

Represented by Tom Pashuysen

Active
MD+C

Director · since 15 juillet 2025 · until 30 mai 2031 · 1024.312.377

Represented by Michaël De Cooman

Active
Meyns Bart

Director · since 15 juillet 2025 · until 30 mai 2031 · 0687.629.733

Represented by Bart Meyns

Active
Modus O.

Director · since 15 juillet 2025 · until 30 mai 2031 · 0685.593.822

Represented by Kris Merckx

Active
Sertius Environmental Group

Director · since 15 juillet 2025 · until 30 mai 2031 · 1025.025.724

Represented by Luc Vangeenberghe

Active
Sertius Group

Director · since 15 juillet 2025 · until 30 mai 2031 · 0749.780.997

Represented by Frank Maesen

Active
TADEJA

Director · since 15 juillet 2025 · until 30 mai 2031 · 1024.444.417

Represented by Tanguy De Jaegere

Active
XAC

Director · since 15 juillet 2025 · until 30 mai 2031 · 0788.983.647

Represented by Xavier Musschoot

Active

Ended mandates

BALAS MANAGEMENT & CONSULTANCY

Director · since 01 février 2023 · until 31 janvier 2028 · 0797.751.655

Represented by Peter BALAS

Ended
BALAS MANAGEMENT & CONSULTANCY

Director · since 01 février 2023 · until 31 janvier 2029 · 0797.751.655

Represented by Peter BALAS

Ended
XAC

Director · since 01 août 2022 · until 31 juillet 2028 · 0788.983.647

Represented by Xavier Musschoot

Ended
XAC

Director · since 01 août 2022 · until 31 juillet 2027 · 0788.983.647

Represented by Xavier MUSSCHOOT

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/07/202603/07/202530/08/202421/11/202330/06/202231/08/2021
General meeting30/06/202625/06/202523/08/202407/11/202324/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202631/07/2026DutchPDF
Full model31/12/202425/06/202503/07/2025DutchPDF
Full model31/12/202323/08/202430/08/2024DutchPDF
Full model31/12/202207/11/202321/11/2023DutchPDF
Abridged model31/12/202124/06/202230/06/2022DutchPDF
Abridged model31/12/202030/06/202131/08/2021DutchPDF
Abridged model31/12/201904/09/202008/10/2020DutchPDF
Abridged model31/12/201830/08/201924/09/2019DutchPDF
Abridged model31/12/201730/06/201831/07/2018DutchPDF
Abridged model31/12/201601/06/201729/06/2017DutchPDF
Abridged model31/12/201527/07/201602/08/2016DutchPDF
Abridged model31/12/201430/06/201523/07/2015DutchPDF
Abridged model31/12/201320/06/201418/07/2014DutchPDF
Abridged model31/12/201230/06/201331/07/2013DutchPDF
Abridged model31/12/201130/06/201230/07/2012DutchPDF
Abridged model31/12/201017/06/201115/07/2011DutchPDF
Abridged model31/12/200928/05/201013/10/2010DutchPDF
Abridged model31/12/200829/05/200929/06/2009DutchPDF
Abridged model31/12/200720/06/200818/07/2008DutchPDF
Abridged model31/12/200625/05/200725/06/2007DutchPDF
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 31/12/2025 · 13 active · 90 ended

Active mandates

BALAS MANAGEMENT & CONSULTANCY

Director · since 15 juillet 2025 · until 30 mai 2031 · 0797.751.655

Represented by Peter Balas

Active
DLS Legal

Director · since 15 juillet 2025 · until 30 mai 2031 · 0752.657.444

Represented by Steven Deleersnyder

Active
Finorad

Director · since 15 juillet 2025 · until 30 mai 2031 · 1024.156.187

Represented by Peggy Ogier

Active
GI-D Consulting

Director · since 15 juillet 2025 · until 30 mai 2031 · 1025.227.444

Represented by Gilles Delfosse

Active
GILCO

Director · since 15 juillet 2025 · until 30 mai 2031 · 0863.449.161

Represented by Bart Gille

Active
LYNX CONSULT

Director · since 15 juillet 2025 · until 30 mai 2031 · 1023.961.593

Represented by Tom Pashuysen

Active
MD+C

Director · since 15 juillet 2025 · until 30 mai 2031 · 1024.312.377

Represented by Michaël De Cooman

Active
Meyns Bart

Director · since 15 juillet 2025 · until 30 mai 2031 · 0687.629.733

Represented by Bart Meyns

Active
Modus O.

Director · since 15 juillet 2025 · until 30 mai 2031 · 0685.593.822

Represented by Kris Merckx

Active
Sertius Environmental Group

Director · since 15 juillet 2025 · until 30 mai 2031 · 1025.025.724

Represented by Luc Vangeenberghe

Active
Sertius Group

Director · since 15 juillet 2025 · until 30 mai 2031 · 0749.780.997

Represented by Frank Maesen

Active
TADEJA

Director · since 15 juillet 2025 · until 30 mai 2031 · 1024.444.417

Represented by Tanguy De Jaegere

Active
XAC

Director · since 15 juillet 2025 · until 30 mai 2031 · 0788.983.647

Represented by Xavier Musschoot

Active

Ended mandates

BALAS MANAGEMENT & CONSULTANCY

Director · since 01 février 2023 · until 31 janvier 2028 · 0797.751.655

Represented by Peter BALAS

Ended
BALAS MANAGEMENT & CONSULTANCY

Director · since 01 février 2023 · until 31 janvier 2029 · 0797.751.655

Represented by Peter BALAS

Ended
XAC

Director · since 01 août 2022 · until 31 juillet 2028 · 0788.983.647

Represented by Xavier Musschoot

Ended
XAC

Director · since 01 août 2022 · until 31 juillet 2027 · 0788.983.647

Represented by Xavier MUSSCHOOT

Ended
Shareholders

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/10/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates06/08/2020
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates04/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/05/2018
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 20252,4 M €
  2. 2024
    Annual accounts 20242,3 M €
  3. 2023
    Annual accounts 20231,7 M €
  4. 2022
    Annual accounts 20221,3 M €
  5. 2021
    Annual accounts 20211,4 M €
  6. 2018
    Annual accounts 2018707,8 k €
  7. 2017
    Annual accounts 2017687,6 k €
  8. 2016
    Annual accounts 2016592,4 k €
  9. 2015
    Annual accounts 2015637,1 k €
  10. 2014
    Annual accounts 2014461,5 k €
  11. 2013
    Annual accounts 201362,8 k €
  12. 2012
    Annual accounts 2012170,4 k €
  13. 2011
    Annual accounts 201144,9 k €
  14. 2010
    Annual accounts 2010172,4 k €
  15. 2009
    Annual accounts 200922,9 k €
  16. 2008
    Annual accounts 2008-3,2 k €
  17. 2007
    Annual accounts 2007-12,5 k €
  18. 2006
    Annual accounts 2006-9,7 k €
  19. 02/01/2004
    IncorporationPublic limited company