ACTIVE

APAVE BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-63,9 k €+58,6 %over 1 year

Gross margin915,7 k €+52,8 %over 1 year

Equity-419,7 k €-18,0 %over 1 year

Workforce9,3 ETP+17,7 %over 1 year

Identity

Source · BCE/KBO

APAVE BELGIUM is a Non-profit organization incorporated in 2005. Its main activity is: Management consultancy activities. Its registered office is in Nivelles. It employs on average 9,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0871.547.374
Incorporation: 31/01/2005
Legal form: Non-profit organization
Registered office: Chaussée de Namur 61
1400 Nivelles · WallonieSee on map
Latest accounts: 31/12/2025
Average workforce: 9,3 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 71209Technical testing and analysis 71209Technical testing and analysis 74142Specialised design activities 74302Translation and interpretation activities

Signals

Healthy social debts

Financials

Source · NBB, 16 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	915,7 k €	+52.8%	599,4 k €	-17.8%	729,1 k €	+64.5%	443,2 k €	+52.3%	291 k €
EBITDA	-5 k €	+95.2%	-102,8 k €	-158%	178 k €	+1643%	-11,5 k €	+93.8%	-186,8 k €
Operating result	-67,2 k €	+57.3%	-157,4 k €	-192%	171,2 k €	+3475%	-5,1 k €	+97.5%	-204,4 k €
Net result	-63,9 k €	+58.6%	-154,2 k €	-190%	172,1 k €	+7735%	-2,3 k €	+98.9%	-204,1 k €
Balance sheet
Equity	-419,7 k €	-18.0%	-355,8 k €	-76.5%	-201,6 k €	+46.0%	-373,7 k €	-0.6%	-371,4 k €
Total assets	733,1 k €	+13.5%	645,8 k €	+2.3%	631,1 k €	+19.5%	527,9 k €	+55.7%	339 k €
Cash	78,5 k €	-29.0%	110,5 k €	+21.0%	91,4 k €	-42.6%	159,3 k €	+22.9%	129,5 k €
Debts	1,2 M €	+15.1%	1 M €	+20.3%	832,7 k €	-7.6%	901,6 k €	+26.9%	710,4 k €
Other
Workforce	9,3 ETP	+17.7%	7,9 ETP	+17.9%	6,7 ETP	+24.1%	5,4 ETP	-11.5%	6,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 22 ended

Active mandates

APAVE INTERNATIONAL

Director · since 22 juin 2023

Represented by Eric Simon

Active

APAVE NORD-OUEST

Director · since 22 juin 2023

Represented by Aurélien Le Blan

Active

Ended mandates

APAVE INTERNATIONAL

Director · since 22 juin 2023 · until 22 juin 2026

Represented by Eric Simon

Ended

APAVE NORD-OUEST

Director · since 22 juin 2023 · until 22 juin 2026

Represented by Aurélien Le Blan

Ended

Apave International SA

Director · since 18 avril 2019 · until 17 juin 2021

Represented by Eric Simon

Ended

Apave International Sa

Director · since 21 juin 2018 · until 18 avril 2019

Represented by Emmanuel Petit

Ended

Other companies at this address

Chaussée de Namur 61 1400 Nivelles

Company	CBE no.
APAVE BELGIUM● Active	0535.773.857
EMERSON● Active	0892.305.671
NEW WORLDS● Active	0726.459.328

Full financial information

Source · NBB

	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	29/08/2026	27/08/2025	31/07/2024	24/07/2023	27/07/2022	31/08/2021
General meeting	19/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	29/08/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	15/06/2023	24/07/2023	French	PDF
Abridged model	31/12/2021	16/06/2022	27/07/2022	French	PDF
Abridged model	31/12/2020	17/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	18/06/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	20/06/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	14/06/2018	31/08/2018	French	PDF
Abridged modelCorrection	31/12/2016	08/06/2017	26/09/2017	French	PDF
Abridged model	31/12/2016	08/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	29/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	26/06/2014	28/07/2014	French	PDF
Abridged model	31/12/2012	16/05/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	04/04/2013	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 22 ended

Active mandates

APAVE INTERNATIONAL

Director · since 22 juin 2023

Represented by Eric Simon

Active

APAVE NORD-OUEST

Director · since 22 juin 2023

Represented by Aurélien Le Blan

Active

Ended mandates

APAVE INTERNATIONAL

Director · since 22 juin 2023 · until 22 juin 2026

Represented by Eric Simon

Ended

APAVE NORD-OUEST

Director · since 22 juin 2023 · until 22 juin 2026

Represented by Aurélien Le Blan

Ended

Apave International SA

Director · since 18 avril 2019 · until 17 juin 2021

Represented by Eric Simon

Ended

Apave International Sa

Director · since 21 juin 2018 · until 18 avril 2019

Represented by Emmanuel Petit

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other11/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/07/2020
DEMISSIONS, NOMINATIONS
PDF
Other02/10/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates02/04/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates03/07/2018
DEMISSIONS, NOMINATIONS
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025-63,9 k €↑
2024
Annual accounts 2024-154,2 k €↓
2023
Annual accounts 2023172,1 k €↑
2022
Annual accounts 2022-2,3 k €↑
2021
Annual accounts 2021-204,1 k €↓
2020
Annual accounts 2020-124,3 k €↓
2019
Annual accounts 2019-49,8 k €↓
2018
Annual accounts 2018-28,6 k €↑
2017
Annual accounts 2017-52,1 k €↓
2016
Annual accounts 2016-37,6 k €↑
2015
Annual accounts 2015-173,5 k €↓
2014
Annual accounts 2014-19,8 k €↑
2013
Annual accounts 2013-52 k €↓
2012
Annual accounts 2012364,2 k €↑
2011
Annual accounts 201114,9 k €
31/01/2005
IncorporationNon-profit organization

APAVE BELGIUM

Overview

Identity

Financials

Valuation

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

Timeline