NORMAL SITUATION

Squaring Choices with Higher Efficiency in Management & Achievement, en français Systémique des Choix Haussant l’Efficience du Management & de l'Action

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Company — Normal situation.

Strike-off: 25 juin 2026

Financial year 2025 · Closed on 31/12/2025

Net result56,1 k €-20,4 %over 1 year
Gross margin84,4 k €-13,3 %over 1 year
Equity439,5 k €+14,6 %over 1 year

Identity

Source · BCE/KBO

Squaring Choices with Higher Efficiency in Management & Achievement, en français Systémique des Choix Haussant l’Efficience du Management & de l'Action is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0867.470.703
Incorporation
28/09/2004
Legal form
Private limited company
Contributed capital
6 316,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 12 financial years

20252024202320222021
Income statement
Gross margin84,4 k €97,3 k €93 k €106,8 k €81,1 k €
EBITDA83,5 k €96,5 k €92 k €105,9 k €80,3 k €
Operating result79,9 k €92,8 k €88,2 k €102,1 k €76,6 k €
Net result56,1 k €70,5 k €61,1 k €69,6 k €52,6 k €
Balance sheet
Equity439,5 k €383,4 k €329,4 k €290,2 k €250,3 k €
Total assets449,7 k €424,3 k €357,2 k €337,8 k €261,8 k €
Cash1,9 k €17,3 k €3 k €11,4 k €3 k €
Debts10,1 k €40,8 k €27,7 k €47,6 k €11,6 k €

Board of directors

Source · NBB, accounts to 31/12/2022

1 active

Last known composition, from the accounts closed on 31/12/2022, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

DirectorMandates in this companyPeriod
ALAIN BULTEZ
MandateManagersince 17/09/2004ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date04/05/202621/06/202522/06/202419/06/202319/06/202222/06/2021
General meeting11/04/202620/06/202521/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202511/04/202604/05/2026FrenchPDF
Micro model31/12/202420/06/202521/06/2025FrenchPDF
Micro model31/12/202321/06/202422/06/2024FrenchPDF
Micro model31/12/202216/06/202319/06/2023FrenchPDF
Micro model31/12/202117/06/202219/06/2022FrenchPDF
Micro model31/12/202018/06/202122/06/2021FrenchPDF
Micro model31/12/201919/06/202023/06/2020FrenchPDF
Micro model31/12/201821/06/201922/06/2019FrenchPDF
Micro model31/12/201715/06/201816/06/2018FrenchPDF
Micro model31/12/201616/06/201722/06/2017FrenchPDF
Abridged model31/12/201517/06/201604/07/2016FrenchPDF
Abridged model31/12/201419/06/201523/06/2015FrenchPDF
Abridged model31/12/201320/06/201425/06/2014FrenchPDF
Abridged model31/12/201221/06/201317/07/2013FrenchPDF
Abridged model31/12/201115/06/201221/06/2012FrenchPDF
Abridged model31/12/201017/06/201124/06/2011FrenchPDF
Abridged model31/12/200918/06/201002/08/2010FrenchPDF
Abridged model31/12/200819/06/200907/08/2009FrenchPDF
Abridged model31/12/200720/06/200811/08/2008FrenchPDF
Abridged model31/12/200615/06/200720/07/2007FrenchPDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2022

1 active

Last known composition, from the accounts closed on 31/12/2022, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

DirectorMandates in this companyPeriod
ALAIN BULTEZ
MandateManagersince 17/09/2004ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution01/07/2026
    SRL: dissolution-liquidation
    PDF
  • Mandates15/01/2024
    MODIFICATION FORME JURIDIQUE, DENOMINATION, STATUTS
    PDF
  • Capital / shares19/01/2018
    CAPITAL, ACTIONS
    PDF
  • Capital / shares28/01/2014
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other06/10/2004
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings12 filings
Mandates
ALAIN BULTEZ
20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
Squaring Choices with Higher Efficiency in Management & Achievement, en français Systémique des Choix Haussant l’Efficience du Management & de l'ActionSQUARING CHOICES WITH HIGHER EFFICIENCY IN MANAGEMENT & ACHIEVEMENT, EN FRANCAIS SYSTEMIQUE DES CHOIX HAUSSANT L'EFFICIENCE DU MANAGEMENT ET DE L'ACTION
Résidence La Prairie(G.) 57, 7011 Ghlin
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Résidence La Prairie(G.) 57, 7011 Ghlin
CBE until 25/06/2026
CBE
Résidence La Prairie(G.) 57, 7011 Ghlin
accounts 2021 → 2025
Accounts 2025 · 2026-00102744

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Squaring Choices with Higher Efficiency in Management & Achievement, en français Systémique des Choix Haussant l’Efficience du Management & de l'Action
CBE until 25/06/2026
CBE
Squaring Choices with Higher Efficiency in Management & Achievement, en français Systémique des Choix Haussant l’Efficience du Management & de l'Action
accounts 2023 → 2025
Accounts 2025 · 2026-00102744
SQUARING CHOICES WITH HIGHER EFFICIENCY IN MANAGEMENT & ACHIEVEMENT, EN FRANCAIS SYSTEMIQUE DES CHOIX HAUSSANT L'EFFICIENCE DU MANAGEMENT ET DE L'ACTION
accounts 2021 → 2022
Accounts 2022 · 2023-00140714

Events

  1. 2025
    Annual accounts 202556,1 k €↓
  2. 2024
    Annual accounts 202470,5 k €↑
  3. 2023
    Annual accounts 202361,1 k €↓
  4. 2023
    Name changeSquaring Choices with Higher Efficiency in Management & Achievement, en français Systémique des Choix Haussant l’Efficience du Management & de l'Action
  5. 2022
    Annual accounts 202269,6 k €↑
  6. 2021
    Annual accounts 202152,6 k €↑
  7. 2020
    Annual accounts 202031,4 k €↑
  8. 2019
    Annual accounts 201922,2 k €↓
  9. 2018
    Annual accounts 201823,9 k €↓
  10. 2009
    Annual accounts 200949,1 k €↑
  11. 2008
    Annual accounts 200837,4 k €↑
  12. 2007
    Annual accounts 200712,9 k €↓
  13. 2006
    Annual accounts 200637,1 k €
  14. 28/09/2004
    IncorporationPrivate limited company