ACTIVE

GOOGLE BELGIUM

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

12,4 M €

-4.7% YoY

Revenue

95,8 M €

+3.5% YoY

Equity

77,8 M €

+18.9% YoY

Workforce

143,6 ETP

+1.1% YoY

What does GOOGLE BELGIUM do?

GOOGLE BELGIUM is a Public limited company incorporated in 2005. Its main activity is: Other information technology and computer service activities. Its registered office is in Bruxelles. It employs on average 143,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.065.378

Incorporation

21/12/2005

Legal form

Public limited company

Registered office

Chaussée d'Etterbeek 180
1040 Bruxelles · BruxellesSee on map

Contributed capital

770 000,00 €

Latest accounts

31/12/2025

Average workforce

143,6 ETP

Activities (NACE)

62090Other information technology and computer service activities· main 62900Computer programming, consultancy and related activities 72600Scientific research and development 73110Advertising agencies 73110Advertising agencies 74401Other professional, scientific and technical activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	95,8 M €	+3.5%	92,5 M €	-1.7%	94,1 M €	+21.6%	77,4 M €	+22.7%	63,1 M €	+77.7%	35,5 M €	-6.7%	38 M €	+18.8%	32 M €	+26.0%	25,4 M €	+37.8%	18,4 M €	+10.2%	16,7 M €	+4.6%	16 M €	+23.8%	12,9 M €		–		–		–		–		–
EBITDA	16,5 M €	+0.5%	16,4 M €	-0.9%	16,5 M €	+16.8%	14,2 M €	+39.4%	10,2 M €	+115%	4,7 M €	-48.2%	9,1 M €	+258%	2,5 M €	-13.8%	3 M €	+27.9%	2,3 M €	-14.7%	2,7 M €	+50.6%	1,8 M €	+48.7%	1,2 M €	+22.8%	985,5 k €	+25.5%	785,3 k €	+81.5%	432,6 k €	+227%	132,1 k €	+311%	32,2 k €
Operating result	15,2 M €	+0.3%	15,2 M €	-0.1%	15,2 M €	+18.7%	12,8 M €	+46.9%	8,7 M €	+95.7%	4,5 M €	-48.5%	8,6 M €	+342%	2 M €	+3.3%	1,9 M €	+38.6%	1,4 M €	-19.8%	1,7 M €	+42.6%	1,2 M €	+24.4%	960,4 k €	+54.2%	623 k €	+21.7%	511,8 k €	+50.9%	339,1 k €	+157%	132 k €	+310%	32,2 k €
Net result	12,4 M €	-4.7%	13 M €	+4.1%	12,5 M €	+30.8%	9,5 M €	+46.0%	6,5 M €	+139%	2,7 M €	-51.3%	5,6 M €	+375%	1,2 M €	+6.8%	1,1 M €	+41.2%	782,9 k €	-20.8%	988,2 k €	+27.3%	776,2 k €	+36.2%	569,9 k €	+47.1%	387,5 k €	+19.8%	323,4 k €	+46.8%	220,3 k €	+157%	85,8 k €	+297%	21,6 k €
Balance sheet
Equity	77,8 M €	+18.9%	65,4 M €	+24.8%	52,4 M €	+31.2%	40 M €	+31.3%	30,4 M €	+95.8%	15,5 M €	+21.3%	12,8 M €	+77.7%	7,2 M €	+19.6%	6 M €	+22.4%	4,9 M €	+18.9%	4,1 M €	+31.3%	3,2 M €	+32.6%	2,4 M €	+31.5%	1,8 M €	+141%	751,2 k €	+75.6%	427,8 k €	+106%	207,5 k €	+70.6%	121,6 k €
Total assets	104,6 M €	+22.3%	85,6 M €	+8.8%	78,7 M €	+20.8%	65,1 M €	+28.5%	50,7 M €	+95.8%	25,9 M €	+13.7%	22,8 M €	+26.9%	17,9 M €	+37.7%	13 M €	+28.4%	10,1 M €	+27.3%	8 M €	-0.1%	8 M €	+9.8%	7,3 M €	+31.0%	5,5 M €	+20.3%	4,6 M €	-29.8%	6,6 M €	+735%	786 k €	+52.8%	514,3 k €
Cash	–		–		–		–		–		22,4 M €	+298%	5,6 M €	-50.4%	11,4 M €	+20.6%	9,4 M €	+43.1%	6,6 M €	+42.5%	4,6 M €	+65.1%	2,8 M €	-16.5%	3,4 M €	+36.1%	2,5 M €	+69.6%	1,5 M €	-75.1%	5,8 M €	+1078%	494,8 k €	+232%	149,2 k €
Debts	26,8 M €	+33.5%	20 M €	-22.3%	25,8 M €	+3.5%	24,9 M €	+23.8%	20,1 M €	+111%	9,6 M €	+2.4%	9,3 M €	-8.1%	10,1 M €	+57.0%	6,5 M €	+32.5%	4,9 M €	+37.3%	3,6 M €	-23.1%	4,6 M €	-5.1%	4,9 M €	+30.7%	3,7 M €	-3.4%	3,9 M €	-37.2%	6,1 M €	+1102%	510,5 k €	+43.0%	356,9 k €
Other
Workforce	143,6 ETP	+1.1%	142,0 ETP	-3.4%	147,0 ETP	+13.1%	130,0 ETP	+23.3%	105,4 ETP	+95.9%	53,8 ETP	+8.2%	49,7 ETP	+11.7%	44,5 ETP	+14.7%	38,8 ETP	+19.4%	32,5 ETP	+9.4%	29,7 ETP	+2.8%	28,9 ETP	+36.3%	21,2 ETP	+35.9%	15,6 ETP	+3.3%	15,1 ETP	-14.7%	17,7 ETP	+211%	5,7 ETP	+418%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 52 ended

Active mandates

Frank Fagan

Director · since 08 août 2025 · until 30 juin 2031

Active

Michael Tangney

Director · since 08 avril 2022 · until 08 août 2025

Active

Gabor Turschl

Director · since 03 septembre 2021 · until 01 mai 2026

Active

Susanna McNiff

Director · since 03 février 2021 · until 24 janvier 2025

Active

Svilen I. Karaivanov

Director · since 05 juillet 2018 · until 26 juin 2030

Active

Ended mandates

Michael Tangney

Director · since 08 avril 2022 · until 08 avril 2028

Ended

Gabor Turschl

Director · since 03 septembre 2021 · until 02 septembre 2027

Ended

Susanna McNiff

Director · since 03 février 2021 · until 25 juin 2027

Ended

Nicholas John Leeder

Director · since 31 mars 2020 · until 18 novembre 2020

Ended

At this address

Other companies at this address

Company	CBE no.
IERLAND BELGIUM BUSINESS ASSOCIATION● Active	0543.349.161
patient access partnership● Active	0597.958.676

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	10/06/2026	25/06/2025	05/07/2024	10/07/2023	06/07/2022	22/07/2021
General meeting	27/05/2026	20/06/2025	26/06/2024	30/06/2023	28/06/2022	24/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/05/2026	10/06/2026	Dutch	PDF
Full model	31/12/2024	20/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	26/06/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	10/07/2023	Dutch	PDF
Full model	31/12/2021	28/06/2022	06/07/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	22/07/2021	Dutch	PDF
Full model	31/12/2019	25/09/2020	02/10/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	10/07/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	18/06/2018	Dutch	PDF
Full model	31/12/2016	28/07/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	16/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	18/06/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	06/08/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	24/05/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	26/05/2011	07/06/2011	Dutch	PDF
Full model	31/12/2009	22/06/2010	14/07/2010	Dutch	PDF
Full model	31/12/2008	13/11/2009	18/11/2009	Dutch	PDF
Full modelCorrection	31/12/2007	13/05/2008	23/10/2008	Dutch	PDF
Full model	31/12/2007	13/05/2008	29/08/2008	Dutch	PDF
Full model	31/12/2006	20/08/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 5 active · 52 ended

Active mandates

Frank Fagan

Director · since 08 août 2025 · until 30 juin 2031

Active

Michael Tangney

Director · since 08 avril 2022 · until 08 août 2025

Active

Gabor Turschl

Director · since 03 septembre 2021 · until 01 mai 2026

Active

Susanna McNiff

Director · since 03 février 2021 · until 24 janvier 2025

Active

Svilen I. Karaivanov

Director · since 05 juillet 2018 · until 26 juin 2030

Active

Ended mandates

Michael Tangney

Director · since 08 avril 2022 · until 08 avril 2028

Ended

Gabor Turschl

Director · since 03 septembre 2021 · until 02 septembre 2027

Ended

Susanna McNiff

Director · since 03 février 2021 · until 25 juin 2027

Ended

Nicholas John Leeder

Director · since 31 mars 2020 · until 18 novembre 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2026
Ontslag (gedelegeerd) bestuurder
PDF
Mandates19/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other12/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates26/04/2022
ONTSLAGEN - BENOEMINGEN
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 202512,4 M €↓
26/08/2025
nominationElien De Greef — vaste vertegenwoordiger van de commissaris
08/08/2025
nominationFrank Gerard Fagan — bestuurder
2024
Annual accounts 202413 M €↑
26/06/2024
reconductionSvilen Karaivanov — bestuurder
29/03/2024
nominationKaren Massin — algemeen directeur belast met het dagelijks bestuur
29/03/2024
nominationTom De Block — algemeen directeur belast met het dagelijks bestuur
2023
Annual accounts 202312,5 M €↑
30/06/2023
reconductionErnst & Young Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 20229,5 M €↑
08/04/2022
nominationMichael Tangney — bestuurder
2021
Annual accounts 20216,5 M €↑
2018
Annual accounts 20182,7 M €↓
2017
Annual accounts 20175,6 M €↑
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 2014782,9 k €↓
2013
Annual accounts 2013988,2 k €↑
2012
Annual accounts 2012776,2 k €↑
2011
Annual accounts 2011569,9 k €↑
2010
Annual accounts 2010387,5 k €↑
2009
Annual accounts 2009323,4 k €↑
2008
Annual accounts 2008220,3 k €↑
2007
Annual accounts 200785,8 k €↑
2006
Annual accounts 200621,6 k €
21/12/2005
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

GOOGLE BELGIUM

Overview

What does GOOGLE BELGIUM do?

Trend over 18 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