ACTIVE

COURCELLES GROUP

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Financial year 2026 · closed on 31/03/2026
Net result
-59,3 k €
-623.4% YoY
Revenue
211,8 k €
0.0% YoY
Equity
123,2 k €
-32.5% YoY
Workforce
1,0 ETP
-28.6% YoY

What does COURCELLES GROUP do?

COURCELLES GROUP is a Private limited company incorporated in 2004. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Uccle. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0870.730.990
Incorporation
22/12/2004
Legal form
Private limited company
Registered office
Avenue Kamerdelle 94
1180 Uccle · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/03/2026
Average workforce
1,0 ETP
Activities (NACE)
46190Agents involved in the sale of a variety of goods· main46190Agents involved in the sale of a variety of goods51190Passenger air transport70200Management consultancy activities70220Business and other management consultancy activities74142Specialised design activities
Joint committees (2)
  • 200
  • 218
Signals
Low riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20262025202420232022202120202019201820172016201520142013201220112009200820072006
Income statement
Revenue211,8 k €211,8 k €211,8 k €197,3 k €189,7 k €–––––––––––––––
EBITDA-54,3 k €-6,4 k €16,0 k €4,1 k €7,2 k €29,2 k €-22,8 k €19,6 k €20,2 k €14,0 k €17,2 k €21,7 k €7,2 k €11,0 k €-2,4 k €52,1 k €55,7 k €-7,6 k €-4,3 k €-2,7 k €
Operating result-56,7 k €-8,0 k €14,9 k €3,3 k €2,8 k €23,0 k €-29,7 k €9,4 k €3,8 k €-5,6 k €1,8 k €16,9 k €4,2 k €1,9 k €-4,4 k €45,9 k €47,0 k €-13,5 k €-3,7 k €-13,6 k €
Net result-59,3 k €-8,2 k €17,3 k €32,0 k €24,3 k €38,8 k €-27,5 k €4,2 k €-8,0 k €-10,4 k €-29,6 k €9,7 k €9,1 k €75,0 €-5,0 k €41,6 k €38,5 k €-13,6 k €-3,9 k €-13,5 k €
Balance sheet
Equity123,2 k €182,5 k €190,7 k €173,3 k €141,3 k €117,0 k €78,2 k €105,7 k €101,5 k €12,2 k €12,2 k €41,8 k €32,1 k €23,0 k €23,0 k €15,6 k €-1,1 k €-14,5 k €-942,0 €2,9 k €
Total assets730,9 k €594,4 k €559,1 k €503,7 k €636,8 k €640,3 k €590,9 k €265,0 k €295,8 k €190,4 k €235,6 k €251,4 k €133,1 k €114,5 k €97,4 k €105,6 k €106,6 k €33,1 k €46,0 k €51,8 k €
Cash18,0 k €20,2 k €21,2 k €14,9 k €22,0 k €2,4 k €31,7 k €3,8 k €28,3 k €34,1 k €20,5 k €5,7 k €18,8 k €3,7 k €5,7 k €7,4 k €6,7 k €8,8 k €2,0 €5,7 k €
Debts607,7 k €411,7 k €365,2 k €327,9 k €495,5 k €522,8 k €512,7 k €159,3 k €194,3 k €178,2 k €223,4 k €209,6 k €101,0 k €91,4 k €66,1 k €55,0 k €104,3 k €47,6 k €46,9 k €48,9 k €
Other
Workforce1,0 ETP1,4 ETP2,0 ETP2,9 ETP3,0 ETP2,9 ETP2,3 ETP3,0 ETP3,0 ETP4,0 ETP––––1,0 ETP1,0 ETP–1,0 ETP2,0 ETP2,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 1 ended

Active mandates

Bernard COURCELLES

Director · since 10 décembre 2021

Active

Ended mandates

Bernard COURCELLES

Director · since 10 décembre 2004

Ended
Annual accounts

Full financial information

202620252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelAbridged model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/09/202610/10/202511/10/202428/09/202328/11/202216/11/2021
General meeting03/09/202604/09/202505/09/202407/09/202305/10/202202/09/2021
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 model31/03/202603/09/202614/09/2026FrenchPDF
Full model31/03/202504/09/202510/10/2025FrenchPDF
Full model31/03/202405/09/202411/10/2024FrenchPDF
Full model31/03/202307/09/202328/09/2023FrenchPDF
Full model31/03/202205/10/202228/11/2022FrenchPDF
Abridged model31/03/202102/09/202116/11/2021FrenchPDF
Abridged model31/03/202011/09/202019/11/2020FrenchPDF
Abridged model31/03/201905/09/201914/10/2019FrenchPDF
Abridged model31/03/201806/09/201816/10/2018FrenchPDF
Abridged model31/03/201707/09/201720/10/2017FrenchPDF
Abridged model31/03/201607/09/201621/10/2016FrenchPDF
Abridged model31/03/201503/09/201521/10/2015FrenchPDF
Abridged model31/03/201404/09/201422/10/2014FrenchPDF
Abridged model31/03/201305/09/201331/10/2013FrenchPDF
Abridged model31/03/201206/09/201229/10/2012FrenchPDF
Abridged model31/03/201101/09/201126/10/2011FrenchPDF
Abridged model31/12/200930/06/201029/08/2010FrenchPDF
Abridged model31/12/200830/06/200930/08/2009FrenchPDF
Abridged model31/12/200730/06/200814/08/2008FrenchPDF
Abridged model31/12/200630/06/200729/08/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/03/2026 · 1 active · 1 ended

Active mandates

Bernard COURCELLES

Director · since 10 décembre 2021

Active

Ended mandates

Bernard COURCELLES

Director · since 10 décembre 2004

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office12/08/2026
    Changement du siège social
    PDF
  • Mandates20/12/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office06/06/2018
    SIEGE SOCIAL
    PDF
  • Registered office06/10/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office19/06/2012
    SIEGE SOCIAL
    PDF
  • Other29/11/2010
    ANNEE COMPTABLE
    PDF
  • Registered office21/03/2006
    SIEGE SOCIAL
    PDF
  • Registered office25/07/2005
    SIEGE SOCIAL
    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. 2026
    Annual accounts 2026-59,3 k €↓
  2. 2025
    Annual accounts 2025-8,2 k €↓
  3. 2024
    Annual accounts 202417,3 k €↓
  4. 2023
    Annual accounts 202332,0 k €↑
  5. 2022
    Annual accounts 202224,3 k €↓
  6. 2021
    Annual accounts 202138,8 k €↑
  7. 2020
    Annual accounts 2020-27,5 k €↓
  8. 2019
    Annual accounts 20194,2 k €↑
  9. 2018
    Annual accounts 2018-8,0 k €↑
  10. 2017
    Annual accounts 2017-10,4 k €↑
  11. 2016
    Annual accounts 2016-29,6 k €↓
  12. 2015
    Annual accounts 20159,7 k €↑
  13. 2014
    Annual accounts 20149,1 k €↑
  14. 2013
    Annual accounts 201375,0 €↑
  15. 2012
    Annual accounts 2012-5,0 k €↓
  16. 2011
    Annual accounts 201141,6 k €↑
  17. 2009
    Annual accounts 200938,5 k €↑
  18. 2008
    Annual accounts 2008-13,6 k €↓
  19. 2007
    Annual accounts 2007-3,9 k €↑
  20. 2006
    Annual accounts 2006-13,5 k €
  21. 22/12/2004
    IncorporationPrivate limited company