ACTIVE

LISTEN

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Financial year 2025 · closed on 31/12/2025

Net result

70,3 k €

-57.9% YoY

Gross margin

699,9 k €

-18.5% YoY

Equity

463,9 k €

-57.0% YoY

Workforce

8,1 ETP

+3.8% YoY

What does LISTEN do?

LISTEN is a Public limited company incorporated in 2004. Its main activity is: Market research and public opinion polling. Its registered office is in Sprimont. It employs on average 8,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.269.773

Incorporation

16/09/2004

Legal form

Public limited company

Registered office

Rue du Suffrage Universel 53
4140 Sprimont · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

8,1 ETP

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities 41101Development of building projects 62010Computer programming activities 62100Computer programming, consultancy and related activities+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	699,9 k €	-18.5%	859,1 k €	-0.5%	863,2 k €	+6.0%	814,4 k €	+1.1%	805,2 k €	+11.8%	719,9 k €	-22.8%	932,5 k €	+5.8%	881,1 k €	+30.8%	673,8 k €	+15.4%	583,9 k €	+30.2%	448,4 k €	-7.8%	486,2 k €	-19.9%	606,9 k €	+0.1%	606,2 k €	+3.8%	584 k €	+32.1%	442 k €	-7.8%	479,3 k €	+38.3%	346,6 k €	-19.8%	432 k €
EBITDA	145,8 k €	-54.0%	317 k €	-12.4%	362 k €	-12.0%	411,1 k €	+6.4%	386,5 k €	+36.7%	282,8 k €	-35.6%	438,9 k €	+36.9%	320,5 k €	+20.3%	266,4 k €	+29.2%	206,2 k €	+56.7%	131,6 k €	-15.1%	155 k €	-36.8%	245,2 k €	+12.5%	217,9 k €	+11.3%	195,8 k €	+46.7%	133,5 k €	-16.6%	160 k €	+70.6%	93,8 k €	-63.4%	256,1 k €
Operating result	99,7 k €	-60.6%	253 k €	-11.3%	285,2 k €	-15.5%	337,6 k €	+4.5%	323,1 k €	+49.5%	216,1 k €	-38.8%	353,1 k €	+61.5%	218,6 k €	+53.9%	142 k €	+98.4%	71,6 k €	+667%	-12,6 k €	-112%	107,2 k €	-48.5%	208,2 k €	+9.9%	189,4 k €	+21.2%	156,3 k €	+90.7%	81,9 k €	-26.0%	110,8 k €	+160%	42,6 k €	-79.9%	212,2 k €
Net result	70,3 k €	-57.9%	166,8 k €	-19.3%	206,7 k €	-8.5%	225,9 k €	-3.6%	234,3 k €	+52.1%	154 k €	-36.8%	243,6 k €	+60.3%	152 k €	+58.4%	95,9 k €	+126%	42,4 k €	+130%	18,4 k €	-80.0%	92,3 k €	-32.5%	136,7 k €	+25.2%	109,2 k €	-1.6%	110,9 k €	+59.3%	69,6 k €	-14.3%	81,2 k €	+97.4%	41,1 k €	-71.3%	143,2 k €
Balance sheet
Equity	463,9 k €	-57.0%	1,1 M €	+16.4%	925,9 k €	-2.6%	950,1 k €	+5.6%	899,6 k €	-7.1%	968,8 k €	+18.3%	818,7 k €	+41.2%	579,8 k €	-0.6%	583,5 k €	-23.0%	758 k €	+15.2%	657,9 k €	+9.3%	601,7 k €	+18.9%	505,9 k €	+36.9%	369,6 k €	+41.3%	261,5 k €	-13.4%	302 k €	+12.0%	269,6 k €	+21.6%	221,8 k €	-21.1%	281,3 k €
Total assets	920 k €	-39.8%	1,5 M €	-1.3%	1,5 M €	-9.0%	1,7 M €	-6.3%	1,8 M €	+1.2%	1,8 M €	+9.2%	1,6 M €	-6.4%	1,8 M €	+5.8%	1,7 M €	-13.5%	1,9 M €	+5.6%	1,8 M €	+63.0%	1,1 M €	+33.2%	837 k €	+11.8%	748,9 k €	+12.7%	664,4 k €	+8.3%	613,6 k €	-24.5%	813 k €	+24.9%	651 k €	-5.3%	687,2 k €
Cash	90 k €	+19.1%	75,5 k €	-64.5%	212,8 k €	-48.8%	416 k €	+4.4%	398,5 k €	-30.3%	571,6 k €	+191%	196,5 k €	-39.3%	323,8 k €	+59.2%	203,4 k €	-40.6%	342,3 k €	-11.0%	384,6 k €	+42.4%	270,1 k €	+20.1%	224,9 k €	-36.7%	355,3 k €	+201%	117,9 k €	-41.4%	201,3 k €	+1.8%	197,7 k €	+197%	66,6 k €	-26.7%	90,8 k €
Debts	456,1 k €	+1.4%	449,6 k €	-27.8%	622,4 k €	-17.2%	751,6 k €	-18.0%	917,2 k €	+11.0%	826,6 k €	+0.2%	824,9 k €	-29.8%	1,2 M €	+9.3%	1,1 M €	-7.3%	1,2 M €	+0.1%	1,2 M €	+126%	512,5 k €	+54.8%	331,1 k €	-12.6%	378,7 k €	-5.9%	402,2 k €	+29.5%	310,5 k €	-42.8%	542,6 k €	+26.4%	429,2 k €	+5.7%	405,9 k €
Other
Workforce	8,1 ETP	+3.8%	7,8 ETP	0.0%	7,8 ETP	0.0%	7,8 ETP	+13.0%	6,9 ETP	-16.9%	8,3 ETP	-9.8%	9,2 ETP	-4.2%	9,6 ETP	+17.1%	8,2 ETP	+15.5%	7,1 ETP	+6.0%	6,7 ETP	-1.5%	6,8 ETP	-4.2%	7,1 ETP	-15.5%	8,4 ETP	+12.0%	7,5 ETP	+8.7%	6,9 ETP	+11.3%	6,2 ETP	+12.7%	5,5 ETP	+10.0%	5,0 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 · 3 active · 15 ended

Active mandates

Evelyne Guyot

Director · since 28 juin 2025 · until 28 juin 2031

Active

G-Value

Managing director · since 28 juin 2025 · until 28 juin 2031 · 0808.670.192

Represented by Philippe GEERTS

Active

MAXMA

Director · since 28 juin 2025 · until 28 juin 2031 · 0451.713.063

Active

Ended mandates

G-Value

Managing director · since 28 juin 2026 · until 28 juin 2031 · 0808.670.192

Represented by Philippe GEERTS

Ended

Evelyne Guyot

Director · since 29 juin 2019 · until 28 juin 2025

Ended

G-Value

Managing director · since 29 juin 2019 · until 28 juin 2025 · 0808.670.192

Represented by Philippe GEERTS

Ended

MAXMA

Director · since 29 juin 2019 · until 28 juin 2025 · 0451.713.063

Ended

At this address

Other companies at this address

Company	CBE no.
G-Rige● Active	1039.467.143
G-Value● Active	0808.670.192
Listen Real Estate● Active	1020.441.582

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	07/08/2026	14/07/2025	21/08/2024	28/08/2023	30/09/2022	24/08/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/06/2026	07/08/2026	French	PDF
Abridged model	31/12/2024	28/06/2025	14/07/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	24/06/2023	28/08/2023	French	PDF
Abridged model	31/12/2021	25/06/2022	30/09/2022	French	PDF
Abridged model	31/12/2020	26/06/2021	24/08/2021	French	PDF
Abridged model	31/12/2019	27/06/2020	22/08/2020	French	PDF
Abridged model	31/12/2018	29/06/2019	25/08/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	25/08/2018	French	PDF
Abridged model	31/12/2016	24/06/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	25/06/2016	19/08/2016	French	PDF
Abridged model	31/12/2014	27/06/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	31/08/2013	French	PDF
Abridged model	31/12/2011	23/06/2012	24/07/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	03/08/2011	French	PDF
Abridged model	31/12/2009	26/06/2010	01/08/2010	French	PDF
Abridged model	31/12/2008	27/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	28/06/2008	29/07/2008	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 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 · 3 active · 15 ended

Active mandates

Evelyne Guyot

Director · since 28 juin 2025 · until 28 juin 2031

Active

G-Value

Managing director · since 28 juin 2025 · until 28 juin 2031 · 0808.670.192

Represented by Philippe GEERTS

Active

MAXMA

Director · since 28 juin 2025 · until 28 juin 2031 · 0451.713.063

Active

Ended mandates

G-Value

Managing director · since 28 juin 2026 · until 28 juin 2031 · 0808.670.192

Represented by Philippe GEERTS

Ended

Evelyne Guyot

Director · since 29 juin 2019 · until 28 juin 2025

Ended

G-Value

Managing director · since 29 juin 2019 · until 28 juin 2025 · 0808.670.192

Represented by Philippe GEERTS

Ended

MAXMA

Director · since 29 juin 2019 · until 28 juin 2025 · 0451.713.063

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring13/02/2026
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring21/10/2025
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates09/10/2025
DEMISSIONS, NOMINATIONS
PDF
Other13/12/2013
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other13/12/2013
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates15/10/2010
DEMISSIONS, NOMINATIONS
PDF
Other24/09/2004
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

2025
Annual accounts 202570,3 k €↓
2024
Annual accounts 2024166,8 k €↓
2023
Annual accounts 2023206,7 k €↓
2022
Annual accounts 2022225,9 k €↓
2021
Annual accounts 2021234,3 k €↑
2020
Annual accounts 2020154 k €↓
2019
Annual accounts 2019243,6 k €↑
2018
Annual accounts 2018152 k €↑
2017
Annual accounts 201795,9 k €↑
2016
Annual accounts 201642,4 k €↑
2015
Annual accounts 201518,4 k €↓
2014
Annual accounts 201492,3 k €↓
2013
Annual accounts 2013136,7 k €↑
2012
Annual accounts 2012109,2 k €↓
2011
Annual accounts 2011110,9 k €↑
2010
Annual accounts 201069,6 k €↓
2009
Annual accounts 200981,2 k €↑
2008
Annual accounts 200841,1 k €↓
2007
Annual accounts 2007143,2 k €
16/09/2004
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

LISTEN

Overview

What does LISTEN 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