ACTIVE

Asgard

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Financial year 2025 · closed on 30/11/2025

Net result

244,5 k €

+44.9% YoY

Gross margin

252,3 k €

-20.0% YoY

Equity

1,6 M €

+4.1% YoY

What does Asgard do?

Asgard is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Maaseik.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.811.027

Incorporation

15/12/2006

Legal form

Private limited company

Registered office

Wouterbos 23
3680 Maaseik · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

30/11/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	252,3 k €	-20.0%	315,6 k €	-61.0%	809,2 k €	+142%	335 k €	+2.1%	328,1 k €	-20.7%	413,8 k €	+34.1%	308,6 k €	+62.3%	190,1 k €	+92.6%	98,7 k €	+21.5%	81,2 k €	-10.9%	91,1 k €	+2.2%	89,2 k €	-12.9%	102,4 k €	+71.1%	59,9 k €	+118%	27,4 k €	-2.2%	28 k €	+37.7%	20,4 k €	-48.4%	39,4 k €
EBITDA	248,4 k €	-19.9%	310,2 k €	-61.4%	803,9 k €	+145%	328,2 k €	+4.4%	314,3 k €	-23.4%	410,1 k €	+35.1%	303,6 k €	+63.7%	185,5 k €	+95.4%	94,9 k €	+22.3%	77,6 k €	-12.3%	88,5 k €	+2.4%	86,4 k €	-13.4%	99,8 k €	+75.6%	56,8 k €	+120%	25,8 k €	-1.0%	26,1 k €	+37.2%	19 k €	-51.6%	39,3 k €
Operating result	193,7 k €	-21.2%	245,9 k €	-67.3%	752,5 k €	+170%	278,6 k €	+0.4%	277,4 k €	-28.9%	390,4 k €	+41.7%	275,6 k €	+81.8%	151,6 k €	+643%	20,4 k €	-63.1%	55,3 k €	-16.9%	66,5 k €	+2747%	2,3 k €	-97.3%	87,9 k €	+105%	42,9 k €	+172%	15,8 k €	+122%	7,1 k €	+469%	-1,9 k €	-105%	36 k €
Net result	244,5 k €	+44.9%	168,7 k €	-67.2%	515,1 k €	+148%	207,5 k €	+8.0%	192,1 k €	-26.0%	259,4 k €	+44.7%	179,3 k €	+110%	85,5 k €	+886%	8,7 k €	-75.2%	35 k €	-11.9%	39,8 k €	+2523%	-1,6 k €	-103%	53,7 k €	+122%	24,2 k €	+267%	6,6 k €	+134%	2,8 k €	+161%	-4,6 k €	-122%	21,1 k €
Balance sheet
Equity	1,6 M €	+4.1%	1,6 M €	+5.5%	1,5 M €	+52.3%	984,2 k €	+26.7%	776,8 k €	+32.9%	584,7 k €	+56.8%	373 k €	+92.6%	193,7 k €	+79.1%	108,1 k €	+8.7%	99,5 k €	+90.9%	52,1 k €	+322%	12,3 k €	-11.7%	14 k €	-62.5%	37,3 k €	+185%	13,1 k €	+0.7%	13 k €	+27.7%	10,2 k €	-31.1%	14,8 k €
Total assets	1,9 M €	+8.8%	1,7 M €	+2.4%	1,7 M €	+42.6%	1,2 M €	+21.1%	974,7 k €	+20.9%	806,3 k €	+15.2%	699,6 k €	+27.1%	550,6 k €	-3.1%	568,4 k €	+12.5%	505,2 k €	+3.8%	486,6 k €	+6.8%	455,6 k €	+72.1%	264,8 k €	+16.5%	227,3 k €	+15.3%	197,2 k €	+1.4%	194,4 k €	-2.1%	198,7 k €	+354%	43,7 k €
Cash	195,6 k €	-51.6%	404,4 k €	-57.6%	953,8 k €	+114%	446,5 k €	+147%	181,1 k €	-57.2%	423,5 k €	+116%	196,2 k €	+671%	25,4 k €	+9.9%	23,2 k €	-77.3%	102 k €	+47.6%	69,1 k €	+309%	16,9 k €	-82.5%	96,6 k €	+151%	38,5 k €	+61.2%	23,9 k €	+65.2%	14,5 k €	+101%	7,2 k €	-72.0%	25,7 k €
Debts	227,5 k €	+62.0%	140,5 k €	-9.5%	155,2 k €	-8.2%	169 k €	-1.8%	172 k €	-12.1%	195,7 k €	-40.0%	326,5 k €	-7.5%	353 k €	-22.8%	457,5 k €	+12.8%	405,5 k €	-6.6%	434,1 k €	-2.0%	443,1 k €	+76.8%	250,7 k €	+32.0%	189,8 k €	+3.3%	183,7 k €	+1.6%	180,7 k €	-4.1%	188,5 k €	+551%	28,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 2 active · 2 ended

Active mandates

Dennis Edey

Director

Active

Heidi Jame

Director

Active

Ended mandates

Dennis Edey

Manager

Ended

Heidi Jame

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/04/2026	27/06/2025	10/06/2024	31/05/2023	09/06/2022	19/05/2021
General meeting	31/03/2026	31/03/2025	30/03/2024	31/03/2023	31/03/2022	31/03/2021
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

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/11/2025	31/03/2026	27/04/2026	Dutch	PDF
Micro model	30/11/2024	31/03/2025	27/06/2025	Dutch	PDF
Micro model	30/11/2023	30/03/2024	10/06/2024	Dutch	PDF
Micro model	30/11/2022	31/03/2023	31/05/2023	Dutch	PDF
Micro model	30/11/2021	31/03/2022	09/06/2022	Dutch	PDF
Micro model	30/11/2020	31/03/2021	19/05/2021	Dutch	PDF
Micro model	30/11/2019	31/03/2020	27/05/2020	Dutch	PDF
Micro model	30/11/2018	29/03/2019	25/04/2019	Dutch	PDF
Micro model	30/11/2017	30/03/2018	09/04/2018	Dutch	PDF
Abridged model	30/11/2016	31/03/2017	03/05/2017	Dutch	PDF
Abridged model	30/11/2015	31/03/2016	26/04/2016	Dutch	PDF
Abridged model	30/11/2014	31/03/2015	27/04/2015	Dutch	PDF
Abridged model	30/11/2013	31/03/2014	26/05/2014	Dutch	PDF
Abridged model	30/11/2012	29/03/2013	29/05/2013	Dutch	PDF
Abridged model	30/11/2011	31/03/2012	14/06/2012	Dutch	PDF
Abridged model	30/11/2010	31/03/2011	17/06/2011	Dutch	PDF
Abridged model	30/11/2009	31/03/2010	20/05/2010	Dutch	PDF
Abridged model	30/11/2008	31/03/2009	03/06/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/11/2025 · 2 active · 2 ended

Active mandates

Dennis Edey

Director

Active

Heidi Jame

Director

Active

Ended mandates

Dennis Edey

Manager

Ended

Heidi Jame

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/11/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/06/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares19/12/2007
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other02/01/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025244,5 k €↑
2024
Annual accounts 2024168,7 k €↓
2023
Annual accounts 2023515,1 k €↑
2022
Annual accounts 2022207,5 k €↑
2021
Annual accounts 2021192,1 k €↓
2020
Annual accounts 2020259,4 k €↑
2019
Annual accounts 2019179,3 k €↑
2018
Annual accounts 201885,5 k €↑
2017
Annual accounts 20178,7 k €↓
2016
Annual accounts 201635 k €↓
2015
Annual accounts 201539,8 k €↑
2014
Annual accounts 2014-1,6 k €↓
2013
Annual accounts 201353,7 k €↑
2012
Annual accounts 201224,2 k €↑
2011
Annual accounts 20116,6 k €↑
2010
Annual accounts 20102,8 k €↑
2009
Annual accounts 2009-4,6 k €↓
2008
Annual accounts 200821,1 k €
15/12/2006
IncorporationPrivate 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

Asgard

Overview

What does Asgard do?

Trend over 18 financial years

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