Bruegel
0867.636.096 · rovalta.com · 24/09/2026
ACTIVE
Bruegel
Financial year 2025 · closed on 31/12/2025
Net result
144,6 k €
-78.2% YoY
Gross margin
5 M €
+11.6% YoY
Equity
4,5 M €
+3.5% YoY
Workforce
45,1 ETP
+15.9% YoY
Overview
What does Bruegel do?
Bruegel is a International non-profit organization incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Saint-Josse-ten-Noode. It employs on average 45,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0867.636.096
Incorporation
01/10/2004
Legal form
International non-profit organization
Registered office
Rue de la Charité 33
1210 Saint-Josse-ten-Noode · BruxellesSee on map
1210 Saint-Josse-ten-Noode · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
45,1 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities91110Libraries, archives, museums and other cultural activities94110Activities of business and employers membership organisations94110Activities of business and employers membership organisations
Joint committees (2)
- 200
- 337
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 9 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2015 | 2014 | 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||
| Gross margin | 5 M € | +11.6% | 4,5 M € | – | – | – | – | 2,8 M € | +0.4% | 2,8 M € | +9.8% | 2,6 M € | |||||
| EBITDA | 330,5 k € | -53.9% | 717,6 k € | +13.0% | 635,2 k € | +819% | -88,3 k € | -114% | 627,7 k € | -26.3% | 852 k € | +151% | 339,4 k € | +38.5% | 245 k € | +12.8% | 217,2 k € |
| Operating result | 192,7 k € | -67.1% | 585,8 k € | +16.8% | 501,6 k € | +321% | -226,7 k € | -142% | 539,8 k € | -15.5% | 638,7 k € | +143% | 262,6 k € | +52.6% | 172,2 k € | +33.4% | 129,1 k € |
| Net result | 144,6 k € | -78.2% | 664,5 k € | +37.2% | 484,4 k € | +295% | -248,4 k € | -147% | 525,5 k € | -16.5% | 629,4 k € | +125% | 280,2 k € | +44.0% | 194,5 k € | +60.3% | 121,4 k € |
| Balance sheet | |||||||||||||||||
| Equity | 4,5 M € | +3.5% | 4,3 M € | +18.1% | 3,6 M € | +15.3% | 3,2 M € | -7.3% | 3,4 M € | +18.2% | 2,9 M € | +3.8% | 2,8 M € | +11.2% | 2,5 M € | +8.4% | 2,3 M € |
| Total assets | 7,5 M € | +4.2% | 7,2 M € | +16.4% | 6,2 M € | +7.1% | 5,8 M € | +13.6% | 5,1 M € | +2.8% | 5 M € | +40.8% | 3,5 M € | -15.4% | 4,2 M € | +26.6% | 3,3 M € |
| Cash | 3,7 M € | +9.2% | 3,4 M € | -35.0% | 5,2 M € | +17.3% | 4,4 M € | +26.1% | 3,5 M € | -15.6% | 4,1 M € | +48.8% | 2,8 M € | -19.3% | 3,4 M € | +15.5% | 3 M € |
| Debts | 2,4 M € | -3.6% | 2,5 M € | +12.8% | 2,2 M € | -6.7% | 2,4 M € | +73.1% | 1,4 M € | -18.3% | 1,7 M € | +293% | 423,9 k € | -67.4% | 1,3 M € | +130% | 567,3 k € |
| Other | |||||||||||||||||
| Workforce | 45,1 ETP | +15.9% | 38,9 ETP | +5.1% | 37,0 ETP | +5.7% | 35,0 ETP | +6.1% | 33,0 ETP | +17.9% | 28,0 ETP | +10.7% | 25,3 ETP | +2.0% | 24,8 ETP | +6.4% | 23,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 16 active · 58 ended
Active mandates
Jasper Wesseling
ActiveJeanette Schwamberger
ActiveNatalia Fabra
ActiveOtilia Dhand
ActiveThibault Larger
ActivePaula Conthe Calvo
ActiveRiccardo Barbieri Hermitte
ActiveAgnes Benassy-Quere
ActiveAlexandra Dimitrijevic
ActiveCaroline de Gruijter
ActiveErkki Antero Liikanen
ActiveIsabelle Mateos Y Lago
ActiveMarkus Brunnermeier
ActiveMonika Marcinkowska
ActiveSimone Mori
ActiveThomas Scholar
ActiveEnded mandates
Paula CONTHE CALVO
EndedRiccardo BARBIERI HERMITTE
EndedAgnès BENASSY-QUERE
EndedAlessandro RIVERA
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
ASSOCIATION DE FRAIS - FCGB● Active | 0682.786.958 |
| 0409.280.711 | |
COMPENS®● Active | 0880.972.410 |
FCGB-BBAA-COMPENS● Active | 1017.166.546 |
Fonds commun de Garantie belge● Active | 0407.229.655 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Full model | Full model | Full model | Full 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 | 26/05/2026 | 26/11/2025 | 07/05/2024 | 04/05/2023 | 17/05/2022 | 07/05/2021 |
| General meeting | 12/05/2026 | 06/05/2025 | 07/05/2024 | 04/05/2023 | 03/05/2022 | 04/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
13 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 12/05/2026 | 26/05/2026 | French | |
| Abridged model | 31/12/2024 | 06/05/2025 | 26/11/2025 | French | |
| Full model | 31/12/2023 | 07/05/2024 | 07/05/2024 | French | |
| Full model | 31/12/2022 | 04/05/2023 | 04/05/2023 | French | |
| Full model | 31/12/2021 | 03/05/2022 | 17/05/2022 | French | |
| Full model | 31/12/2020 | 04/05/2021 | 07/05/2021 | French | |
| Full model | 31/12/2019 | 05/05/2020 | 08/10/2020 | French | |
| Abridged model | 31/12/2018 | 07/05/2019 | 22/05/2019 | French | |
| Abridged model | 31/12/2017 | 08/05/2018 | 24/05/2018 | French | |
| Abridged model | 31/12/2016 | 16/05/2017 | 31/05/2017 | French | |
| Abridged model | 31/12/2015 | 26/04/2016 | 09/05/2016 | French | |
| Abridged model | 31/12/2014 | 28/04/2015 | 21/05/2015 | French | |
| Abridged model | 31/12/2013 | 13/05/2014 | 19/02/2015 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 16 active · 58 ended
Active mandates
Jasper Wesseling
ActiveJeanette Schwamberger
ActiveNatalia Fabra
ActiveOtilia Dhand
ActiveThibault Larger
ActivePaula Conthe Calvo
ActiveRiccardo Barbieri Hermitte
ActiveAgnes Benassy-Quere
ActiveAlexandra Dimitrijevic
ActiveCaroline de Gruijter
ActiveErkki Antero Liikanen
ActiveIsabelle Mateos Y Lago
ActiveMarkus Brunnermeier
ActiveMonika Marcinkowska
ActiveSimone Mori
ActiveThomas Scholar
ActiveEnded mandates
Paula CONTHE CALVO
EndedRiccardo BARBIERI HERMITTE
EndedAgnès BENASSY-QUERE
EndedAlessandro RIVERA
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other07/07/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates22/05/2026DEMISSIONS, NOMINATIONS
- Mandates09/08/2024DEMISSIONS, NOMINATIONS
- Mandates07/03/2024DEMISSIONS, NOMINATIONS
- Mandates06/06/2023DEMISSIONS, NOMINATIONS
- Mandates21/06/2022DEMISSIONS, NOMINATIONS
- Mandates21/06/2022DEMISSIONS, NOMINATIONS
- Mandates10/03/2022DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025144,6 k €↓
- 2024Annual accounts 2024664,5 k €↑
- 2023Annual accounts 2023484,4 k €↑
- 2022Annual accounts 2022-248,4 k €↓
- 2021Annual accounts 2021525,5 k €↓
- 2020Annual accounts 2020629,4 k €↑
- 2015Annual accounts 2015280,2 k €↑
- 2014Annual accounts 2014194,5 k €↑
- 2013Annual accounts 2013121,4 k €
- 01/10/2004IncorporationInternational non-profit organization