ACTIVE

EURO TIERCE

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Financial year 2025 · Closed on 31/12/2025

Net result4 M €+87,5 %over 1 year

Gross margin6,6 M €+80,7 %over 1 year

Equity4,3 M €+80,6 %over 1 year

Workforce4,2 ETP+5,0 %over 1 year

Identity

Source · BCE/KBO

EURO TIERCE is a Public limited company incorporated in 2006. Its main activity is: Gambling and betting activities. Its registered office is in Namur. It employs on average 4,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0882.834.117
Incorporation: 02/08/2006
Legal form: Public limited company
Registered office: Pl. des Jardins de Baseilles(EP) 4
5101 Namur · WallonieSee on map
Contributed capital: 125 000,00 €
Latest accounts: 31/12/2025
Average workforce: 4,2 ETP

Activities (NACE)

92000Gambling and betting activities· main 92000Gambling and betting activities 73110Advertising agencies 73110Advertising agencies

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	6,6 M €	+80.7%	3,7 M €	+30.2%	2,8 M €	+0.5%	2,8 M €	-12.5%	3,2 M €
EBITDA	6,1 M €	+82.4%	3,4 M €	+28.7%	2,6 M €	+0.4%	2,6 M €	-12.5%	3 M €
Operating result	6 M €	+84.0%	3,3 M €	+27.7%	2,6 M €	-0.7%	2,6 M €	-12.1%	2,9 M €
Net result	4 M €	+87.5%	2,1 M €	+14.4%	1,9 M €	-0.6%	1,9 M €	-12.4%	2,2 M €
Balance sheet
Equity	4,3 M €	+80.6%	2,4 M €	+16.8%	2 M €	+1151%	162,8 k €	+2.9%	158,1 k €
Total assets	6,4 M €	+49.2%	4,3 M €	+35.5%	3,2 M €	-9.2%	3,5 M €	-18.1%	4,3 M €
Cash	5,7 M €	+60.0%	3,6 M €	+42.7%	2,5 M €	-14.4%	2,9 M €	-19.2%	3,6 M €
Debts	2,1 M €	+10.4%	1,9 M €	+70.7%	1,1 M €	-65.9%	3,3 M €	-19.6%	4,1 M €
Other
Workforce	4,2 ETP	+5.0%	4,0 ETP	+37.9%	2,9 ETP	-3.3%	3,0 ETP	-16.7%	3,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Aymeric Verlet	Director24/03/2013 → 31/12/2026
PMU GIERepresented by Malecaze Doublet	Director11/05/2018 → 31/12/2026
Renaud De Villeneuve	Personne déléguée à la gestion journalièresince 01/07/2017

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PMUE GIERepresented by Cyril Linett	Director11/05/2018 → 2021 accounts
Achille Cassart	Director24/04/2013 → 2017 accounts
Arnaud Ferragu	Mandate24/04/2013 → 01/07/2017

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	22/05/2026	24/07/2025	14/08/2024	30/08/2023	15/08/2022	31/08/2021
General meeting	08/05/2026	09/05/2025	10/05/2024	12/05/2023	24/06/2022	14/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/05/2026	22/05/2026	French	PDF
Abridged model	31/12/2024	09/05/2025	24/07/2025	French	PDF
Abridged model	31/12/2023	10/05/2024	14/08/2024	French	PDF
Abridged model	31/12/2022	12/05/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	15/08/2022	French	PDF
Abridged model	31/12/2020	14/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	08/05/2020	30/09/2020	French	PDF
Abridged model	31/12/2018	10/05/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	11/05/2018	16/07/2018	French	PDF
Abridged model	31/12/2016	12/05/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	13/05/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	08/05/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	09/05/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	03/04/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	11/05/2012	12/10/2012	French	PDF
Abridged model	31/12/2010	13/05/2011	30/10/2011	French	PDF
Abridged model	31/12/2009	30/07/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	05/05/2009	25/07/2009	French	PDF
Abridged model	31/12/2007	09/05/2008	24/07/2008	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Aymeric Verlet	Director24/03/2013 → 31/12/2026
PMU GIERepresented by Malecaze Doublet	Director11/05/2018 → 31/12/2026
Renaud De Villeneuve	Personne déléguée à la gestion journalièresince 01/07/2017

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PMUE GIERepresented by Cyril Linett	Director11/05/2018 → 2021 accounts
Achille Cassart	Director24/04/2013 → 2017 accounts
Arnaud Ferragu	Mandate24/04/2013 → 01/07/2017

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/10/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates02/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2025
DEMISSIONS, NOMINATIONS
PDF
Other13/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/02/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/02/2022
CAPITAL, ACTIONS
PDF
Mandates28/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates06/06/2019
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Renaud De Villeneuve

PMU GIE

Aymeric Verlet

PMUE GIE

PMU

PMU GIEE

Achille Cassart

Arnaud Ferragu

Daniel DENEUMOUSTIER

Antoine TORRES

Patrick BAUFFE

Léon VAN POLLAERT

Show the 2 other mandates

200620072008200920102011201220132014201520162017201820192020202120222023202420252026

EURO TIERCE

Pl. des Jardins de Baseilles(EP) 4, 5101 Erpent

Personne déléguée à la gestion journalière

Director

DirectorManaging director

Director

Vice-chairman of the board of directors

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Pl. des Jardins de Baseilles(EP) 4, 5101 ErpentCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00118636

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
EURO TIERCECurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00118636

Events

2025
Annual accounts 20254 M €↑
2024
Annual accounts 20242,1 M €↑
2023
Annual accounts 20231,9 M €↓
2022
Annual accounts 20221,9 M €↓
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 20201,7 M €↑
2019
Annual accounts 20191,1 M €↑
2018
Annual accounts 2018620,8 k €↑
2017
Annual accounts 201740,4 k €↓
2016
Annual accounts 2016521,3 k €↓
2015
Annual accounts 2015607,3 k €↓
2014
Annual accounts 2014704,5 k €↓
2013
Annual accounts 2013931,8 k €↑
2012
Annual accounts 2012236,5 k €↑
2011
Annual accounts 20118,1 k €↑
2010
Annual accounts 2010-14,1 k €↓
2009
Annual accounts 2009219,7 €↓
2008
Annual accounts 20086 k €↑
2007
Annual accounts 20073,5 k €
02/08/2006
IncorporationPublic limited company

EURO TIERCE

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Registered offices

Company names

Events