ACTIVE

OVARRO

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Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €+203,8 %over 1 year
Revenue7,8 M €+0,4 %over 1 year
Equity9 M €+15,1 %over 1 year
Workforce19,4 ETP+3,2 %over 1 year

Identity

Source · BCE/KBO

OVARRO is a Public limited company incorporated in 2007. Its registered office is in Waterloo. It employs on average 19,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0886.847.541
Incorporation
30/01/2007
Legal form
Public limited company
Registered office
Drève Richelle 161 box 35
1410 Waterloo · WallonieSee on map
Contributed capital
7 862 000,00 €
Latest accounts
31/12/2025
Average workforce
19,4 ETP
Joint committees (4)
  • 100
  • 100-200
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue7,8 M €7,8 M €8,9 M €7,8 M €8 M €
EBITDA2,3 M €57,2 k €3,3 M €1,9 M €2,1 M €
Operating result2 M €-180 k €3,1 M €1,7 M €2,1 M €
Net result1,2 M €-1,1 M €2,3 M €1,6 M €1,8 M €
Balance sheet
Equity9 M €7,8 M €21,9 M €19,7 M €18,1 M €
Total assets16,4 M €13,6 M €24,2 M €20,8 M €19,6 M €
Cash2,8 M €3,5 M €2,3 M €868 k €318,5 k €
Debts7,4 M €5,8 M €2,2 M €1,2 M €1,5 M €
Other
Workforce19,4 ETP18,8 ETP19,8 ETP20,8 ETP21,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 26 ended

Active mandates

Michael Morgan

Mandate

Active
Neuman Leverett III

Mandate

Active
Philippe Aretz

Mandate

Active

Ended mandates

Philippe Aretz

Director · since 14 mai 2019 · until 14 mai 2025

Ended
David Frost

Director · since 07 mars 2019 · until 14 mai 2025

Ended
David FROST

Director · since 07 mars 2019 · until 14 mai 2024

Ended
Alan Russell STUBBS

Director · since 30 juin 2017 · until 07 mars 2019

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/08/202629/07/202505/07/202424/07/202329/07/202214/07/2021
General meeting20/07/202629/07/202514/06/202430/06/202330/06/202224/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/07/202606/08/2026FrenchPDF
Full model31/12/202429/07/202529/07/2025FrenchPDF
Full model31/12/202314/06/202405/07/2024FrenchPDF
Full model31/12/202230/06/202324/07/2023FrenchPDF
Full model31/12/202130/06/202229/07/2022FrenchPDF
Full model31/12/202024/06/202114/07/2021FrenchPDF
Full model31/12/201907/09/202021/10/2020FrenchPDF
Full model31/12/201814/05/201928/06/2019FrenchPDF
Full model31/12/201714/05/201803/08/2018FrenchPDF
Full model31/12/201630/06/201729/08/2017FrenchPDF
Full model31/12/201509/05/201608/06/2016FrenchPDF
Full model31/12/201401/06/201523/07/2015FrenchPDF
Full model31/12/201317/06/201412/11/2014FrenchPDF
Full model31/12/201226/06/201312/07/2013FrenchPDF
Full modelCorrection31/12/201130/03/201208/05/2012FrenchPDF
Full model31/12/201130/03/201206/04/2012FrenchPDF
Full model31/12/201024/03/201118/08/2011FrenchPDF
Full model31/12/200930/06/201014/07/2010FrenchPDF
Abridged model31/12/200811/05/200908/07/2009FrenchPDF
Abridged model31/12/200724/03/200908/07/2009FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 26 ended

Active mandates

Michael Morgan

Mandate

Active
Neuman Leverett III

Mandate

Active
Philippe Aretz

Mandate

Active

Ended mandates

Philippe Aretz

Director · since 14 mai 2019 · until 14 mai 2025

Ended
David Frost

Director · since 07 mars 2019 · until 14 mai 2025

Ended
David FROST

Director · since 07 mars 2019 · until 14 mai 2024

Ended
Alan Russell STUBBS

Director · since 30 juin 2017 · until 07 mars 2019

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/05/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/10/2020
    DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates07/06/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/03/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/03/2019
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,2 M €↑
  2. 2024
    Annual accounts 2024-1,1 M €↓
  3. 2023
    Annual accounts 20232,3 M €↑
  4. 2022
    Annual accounts 20221,6 M €↓
  5. 2021
    Annual accounts 20211,8 M €↓
  6. 2020
    Annual accounts 20202 M €↑
  7. 2019
    Annual accounts 20191,7 M €↑
  8. 2018
    Annual accounts 2018941,2 k €↑
  9. 2017
    Annual accounts 2017932,9 k €↓
  10. 2016
    Annual accounts 20161,7 M €↑
  11. 2015
    Annual accounts 20151,3 M €↑
  12. 2014
    Annual accounts 20141,2 M €↑
  13. 2013
    Annual accounts 2013177,5 k €↑
  14. 2012
    Annual accounts 2012-582 k €↓
  15. 2011
    Annual accounts 2011523,3 k €↑
  16. 2010
    Annual accounts 2010-785,6 k €↓
  17. 2009
    Annual accounts 2009645,8 k €↑
  18. 2008
    Annual accounts 2008-236,2 k €↑
  19. 2007
    Annual accounts 2007-345,7 k €
  20. 30/01/2007
    IncorporationPublic limited company