ACTIVE

ERASMUS-CAPITAL

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Financial year 2025 · closed on 31/12/2025

Net result

12,5 k €

-99.5% YoY

Gross margin

8,3 k €

-80.8% YoY

Equity

3,7 M €

+0.3% YoY

Workforce

0,0 ETP

What does ERASMUS-CAPITAL do?

ERASMUS-CAPITAL is a Public limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Oudenaarde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.471.612

Incorporation

26/05/2004

Legal form

Public limited company

Registered office

Koppenberg 5
9700 Oudenaarde · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 70322Activities of head offices; management consultancy activities 81100Combined facilities support activities 81100Combined facilities support 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		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	8,3 k €	-80.8%	43,2 k €	-74.4%	169,2 k €	+50.3%	112,6 k €	-22.6%	145,5 k €	+17.3%	124,1 k €	-18.7%	152,5 k €	-4.0%	158,8 k €	+1.8%	156,1 k €	-1.0%	157,7 k €	-2.0%	160,9 k €	-10.6%	180 k €	+31.1%	137,3 k €	-32.9%	204,8 k €	+32.9%	154 k €	+19.3%	129,1 k €	+52.1%	84,9 k €	+48.6%	57,1 k €
EBITDA	1,2 k €	-97.0%	38,3 k €	-77.2%	168 k €	+51.3%	111 k €	-22.9%	144 k €	+16.9%	123,1 k €	-18.8%	151,5 k €	-4.1%	158,1 k €	+1.9%	155,2 k €	-1.2%	157,1 k €	-2.0%	160,2 k €	-10.6%	179,3 k €	+34.5%	133,2 k €	-34.5%	203,4 k €	+33.1%	152,8 k €	+26.6%	120,7 k €	+44.6%	83,5 k €	+56.8%	53,2 k €
Operating result	-12,9 k €	-153%	24,5 k €	-84.7%	160 k €	+44.7%	110,6 k €	-14.9%	129,9 k €	+20.0%	108,2 k €	-20.5%	136,2 k €	-12.9%	156,4 k €	+1.4%	154,2 k €	-0.9%	155,7 k €	-2.0%	158,9 k €	-11.0%	178,6 k €	+34.0%	133,2 k €	-29.4%	188,8 k €	+41.7%	133,3 k €	+32.5%	100,6 k €	+58.7%	63,4 k €	+39.6%	45,4 k €
Net result	12,5 k €	-99.5%	2,4 M €	+1075%	201,3 k €	+162%	76,7 k €	-38.2%	124,1 k €	+63.1%	76 k €	-9.9%	84,4 k €	-16.8%	101,5 k €	+32.4%	76,6 k €	-21.1%	97,2 k €	-10.9%	109,1 k €	-10.0%	121,2 k €	+37.4%	88,2 k €	-30.4%	126,7 k €	+45.9%	86,8 k €	+377%	18,2 k €	-54.8%	40,2 k €	+47.3%	27,3 k €
Balance sheet
Equity	3,7 M €	+0.3%	3,6 M €	+185%	1,3 M €	+18.7%	1,1 M €	+7.7%	1 M €	+38.5%	723,7 k €	+11.7%	647,6 k €	+15.0%	563,2 k €	+22.0%	461,7 k €	+19.9%	385 k €	+33.8%	287,8 k €	+54.9%	185,8 k €	+160%	71,6 k €	+0.0%	71,5 k €	+0.1%	71,5 k €	-38.2%	115,6 k €	+9.8%	105,3 k €	+61.8%	65,1 k €
Total assets	3,9 M €	-0.2%	3,9 M €	+197%	1,3 M €	+19.8%	1,1 M €	+6.5%	1 M €	+38.3%	745,1 k €	+10.9%	671,6 k €	+11.7%	601,1 k €	+20.5%	498,8 k €	+17.4%	424,8 k €	+19.3%	356,1 k €	+30.3%	273,2 k €	+20.9%	226 k €	-17.2%	272,8 k €	-13.5%	315,5 k €	+8.5%	290,9 k €	+30.0%	223,8 k €	-16.0%	266,3 k €
Cash	67,2 k €	-10.3%	75 k €	-75.4%	305,1 k €	+141%	126,7 k €	-66.0%	372,7 k €	+171%	137,7 k €	-75.5%	562,2 k €	-1.7%	572 k €	+21.8%	469,7 k €	+18.3%	397,2 k €	+21278%	1,9 k €	-99.3%	252,4 k €	+30.3%	193,7 k €	+7.8%	179,7 k €	-24.4%	237,7 k €	+286396%	83 €	-99.7%	31,3 k €	-87.5%	250,2 k €
Debts	232,9 k €	-7.9%	252,7 k €	+633%	34,5 k €	+87.3%	18,4 k €	-34.8%	28,3 k €	+31.8%	21,4 k €	-10.7%	24 k €	-36.6%	37,9 k €	+2.1%	37,1 k €	-6.6%	39,7 k €	-41.8%	68,3 k €	-22.0%	87,5 k €	-43.1%	153,6 k €	-23.7%	201,3 k €	-17.3%	243,5 k €	+38.9%	175,3 k €	+48.0%	118,5 k €	-41.1%	201,2 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

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 · 18 ended

Active mandates

KARL OTTEVAERE

Managing director · since 04 juillet 2023 · until 04 juillet 2029

Active

VERA DE RAEDT

Director · since 04 juillet 2023 · until 04 juillet 2029

Active

Ended mandates

KARL OTTEVAERE

Director · since 02 mai 2022 · until 02 mai 2028

Ended

VERA DE RAEDT

Director · since 02 mai 2022 · until 02 mai 2028

Ended

Karl Ottevaere

Managing director · since 02 mai 2016 · until 02 mai 2022

Ended

Karl Ottevaere

Managing director · since 02 mai 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro 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	21/09/2026	09/07/2025	05/07/2024	11/07/2023	30/05/2022	16/06/2021
General meeting	31/07/2026	15/06/2025	10/06/2024	05/06/2023	02/05/2022	14/06/2021
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 modelCorrection	31/12/2025	31/07/2026	21/09/2026	Dutch	PDF
Abridged model	31/12/2025	31/07/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	15/06/2025	09/07/2025	Dutch	PDF
Micro model	31/12/2023	10/06/2024	05/07/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	11/07/2023	Dutch	PDF
Micro model	31/12/2021	02/05/2022	30/05/2022	Dutch	PDF
Micro model	31/12/2020	14/06/2021	16/06/2021	Dutch	PDF
Micro model	31/12/2019	23/06/2020	08/07/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	09/07/2019	Dutch	PDF
Micro model	31/12/2017	07/05/2018	14/05/2018	Dutch	PDF
Micro model	31/12/2016	01/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	23/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/11/2010	02/12/2010	Dutch	PDF
Abridged model	31/12/2008	15/10/2009	18/11/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	29/08/2007	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 · 18 ended

Active mandates

KARL OTTEVAERE

Managing director · since 04 juillet 2023 · until 04 juillet 2029

Active

VERA DE RAEDT

Director · since 04 juillet 2023 · until 04 juillet 2029

Active

Ended mandates

KARL OTTEVAERE

Director · since 02 mai 2022 · until 02 mai 2028

Ended

VERA DE RAEDT

Director · since 02 mai 2022 · until 02 mai 2028

Ended

Karl Ottevaere

Managing director · since 02 mai 2016 · until 02 mai 2022

Ended

Karl Ottevaere

Managing director · since 02 mai 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2008
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other08/06/2004
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 202512,5 k €↓
2024
Annual accounts 20242,4 M €↑
2023
Annual accounts 2023201,3 k €↑
2022
Annual accounts 202276,7 k €↓
2021
Annual accounts 2021124,1 k €↑
2018
Annual accounts 201876 k €↓
2017
Annual accounts 201784,4 k €↓
2016
Annual accounts 2016101,5 k €↑
2015
Annual accounts 201576,6 k €↓
2014
Annual accounts 201497,2 k €↓
2013
Annual accounts 2013109,1 k €↓
2012
Annual accounts 2012121,2 k €↑
2011
Annual accounts 201188,2 k €↓
2010
Annual accounts 2010126,7 k €↑
2009
Annual accounts 200986,8 k €↑
2008
Annual accounts 200818,2 k €↓
2007
Annual accounts 200740,2 k €↑
2006
Annual accounts 200627,3 k €
26/05/2004
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

ERASMUS-CAPITAL

Overview

What does ERASMUS-CAPITAL do?

Trend over 18 financial years

Indicative valuation

Board of directors

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