ACTIVE

ADVISORY SERVICES

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Financial year 2025 · closed on 31/03/2025

Net result

299,4 €

-98.3% YoY

Gross margin

-3,4 k €

-110.7% YoY

Equity

383 k €

+0.1% YoY

What does ADVISORY SERVICES do?

ADVISORY SERVICES is a Public limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.503.253

Incorporation

02/07/2007

Legal form

Public limited company

Registered office

Kluisstraat 16
9050 Gent · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/03/2025

Activities (NACE)

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

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-3,4 k €	-111%	32 k €	-9.3%	35,3 k €	+131%	15,3 k €	-29.3%	21,6 k €	-41.5%	37 k €	-41.2%	62,9 k €	-19.7%	78,3 k €	+26.6%	61,8 k €	+18.6%	52,1 k €	+66.4%	31,3 k €	+172%	11,5 k €	-67.7%	35,7 k €	-32.1%	52,6 k €	+33.5%	39,4 k €	-65.0%	112,7 k €	+4.9%	107,4 k €
EBITDA	-5,4 k €	-118%	30 k €	-10.6%	33,6 k €	+146%	13,7 k €	-31.9%	20,1 k €	-43.2%	35,4 k €	-42.8%	61,8 k €	-20.0%	77,2 k €	+27.1%	60,8 k €	+25.6%	48,4 k €	+109%	23,1 k €	+128%	10,1 k €	-76.3%	42,8 k €	-1.1%	43,3 k €	+860%	-5,7 k €	-117%	33,4 k €	-60.7%	85,1 k €
Operating result	-11,7 k €	-148%	24,2 k €	-2.2%	24,8 k €	+376%	5,2 k €	-54.8%	11,5 k €	-55.7%	26 k €	-50.8%	52,8 k €	-23.1%	68,6 k €	+30.9%	52,4 k €	+30.4%	40,2 k €	+163%	15,3 k €	+141%	6,3 k €	-85.0%	42,2 k €	-1.4%	42,8 k €	+852%	-5,7 k €	-121%	27,2 k €	-67.2%	82,8 k €
Net result	299,4 €	-98.3%	17,2 k €	+39.1%	12,3 k €	+669%	1,6 k €	-73.5%	6,1 k €	-65.2%	17,4 k €	-54.4%	38,2 k €	-15.9%	45,4 k €	+29.8%	35 k €	+22.6%	28,5 k €	+129%	12,4 k €	+78.2%	7 k €	-78.1%	31,8 k €	-7.5%	34,4 k €	+578%	-7,2 k €	-144%	16,3 k €	-71.1%	56,3 k €
Balance sheet
Equity	383 k €	+0.1%	382,7 k €	+4.7%	365,5 k €	+3.5%	353,2 k €	+0.5%	351,6 k €	+1.8%	345,5 k €	+5.3%	328,2 k €	+13.2%	290 k €	+18.5%	244,6 k €	+16.7%	209,7 k €	+15.7%	181,2 k €	+7.4%	168,7 k €	+4.3%	161,8 k €	+24.5%	130 k €	+36.0%	95,6 k €	-7.0%	102,8 k €	+18.8%	86,5 k €
Total assets	456,4 k €	-0.0%	456,5 k €	-7.1%	491,4 k €	+0.6%	488,6 k €	-2.0%	498,6 k €	+2.9%	484,7 k €	+2.0%	475,2 k €	+5.8%	449,1 k €	+11.1%	404,2 k €	+6.3%	380,1 k €	+35.2%	281,2 k €	-3.5%	291,4 k €	+13.9%	255,9 k €	-0.8%	257,9 k €	+32.5%	194,7 k €	-11.4%	219,8 k €	+4.1%	211,1 k €
Cash	68,8 k €	+19.6%	57,5 k €	-47.3%	109 k €	-61.3%	281,9 k €	-3.1%	291 k €	-2.5%	298,5 k €	-15.6%	353,8 k €	+4.9%	337,1 k €	+25.4%	268,9 k €	-1.4%	272,8 k €	+60.8%	169,7 k €	-14.1%	197,5 k €	+2.6%	192,4 k €		–		66,7 k €	+20.1%	55,5 k €	+67.9%	33,1 k €
Debts	67,7 k €	-3.6%	70,3 k €	+14.1%	61,6 k €	-10.0%	68,4 k €	-14.7%	80,2 k €	+8.6%	73,9 k €	-9.2%	81,4 k €	-12.7%	93,2 k €	-1.8%	95 k €	-12.6%	108,7 k €	+184%	38,2 k €	-37.2%	60,9 k €	+88.1%	32,4 k €	-42.0%	55,8 k €	-37.8%	89,6 k €	-11.5%	101,3 k €	-18.7%	124,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,6 ETP	-40.0%	1,0 ETP	+233%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 24 ended

Active mandates

Marc Vandermeulen

Director · since 26 juin 2024 · until 26 juin 2030

Active

Anne-Maria Vandenbroucke

Managing director · since 10 juin 2023 · until 09 juin 2029

Active

Inez Vandenbroucke

Director · since 10 juin 2023 · until 09 juin 2029

Active

Katrien Naessens

Director · since 10 juin 2023 · until 09 juin 2029

Active

Ended mandates

Anna-Maria Vandenbroucke

Managing director · since 10 juin 2017 · until 10 juin 2023

Ended

Inez Vandenbroucke

Director · since 10 juin 2017 · until 10 juin 2023

Ended

Katrien Naessens

Director · since 10 juin 2017 · until 10 juin 2023

Ended

Anna-Maria Vandenbroucke

Managing director · since 08 novembre 2011 · until 08 novembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
vzw Het Spilvarken● Active	0563.953.050

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/09/2025	08/10/2024	22/08/2023	26/07/2022	06/07/2021	17/07/2020
General meeting	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021	13/06/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	14/06/2025	25/09/2025	Dutch	PDF
Micro model	31/03/2024	08/06/2024	08/10/2024	Dutch	PDF
Micro model	31/03/2023	10/06/2023	22/08/2023	Dutch	PDF
Micro model	31/03/2022	11/06/2022	26/07/2022	Dutch	PDF
Micro model	31/03/2021	12/06/2021	06/07/2021	Dutch	PDF
Micro model	31/03/2020	13/06/2020	17/07/2020	Dutch	PDF
Micro model	31/03/2019	08/06/2019	22/07/2019	Dutch	PDF
Micro model	31/03/2018	09/06/2018	26/06/2018	Dutch	PDF
Micro model	31/03/2017	10/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/03/2016	11/06/2016	08/07/2016	Dutch	PDF
Abridged model	31/03/2015	13/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/03/2014	14/06/2014	26/09/2014	Dutch	PDF
Abridged model	31/03/2013	08/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/03/2012	09/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/03/2011	11/06/2011	04/08/2011	Dutch	PDF
Abridged model	31/03/2010	12/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/03/2009	13/06/2009	25/09/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 24 ended

Active mandates

Marc Vandermeulen

Director · since 26 juin 2024 · until 26 juin 2030

Active

Anne-Maria Vandenbroucke

Managing director · since 10 juin 2023 · until 09 juin 2029

Active

Inez Vandenbroucke

Director · since 10 juin 2023 · until 09 juin 2029

Active

Katrien Naessens

Director · since 10 juin 2023 · until 09 juin 2029

Active

Ended mandates

Anna-Maria Vandenbroucke

Managing director · since 10 juin 2017 · until 10 juin 2023

Ended

Inez Vandenbroucke

Director · since 10 juin 2017 · until 10 juin 2023

Ended

Katrien Naessens

Director · since 10 juin 2017 · until 10 juin 2023

Ended

Anna-Maria Vandenbroucke

Managing director · since 08 novembre 2011 · until 08 novembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other17/07/2024
STATUTEN (VERTALING, COORDINATIE, OVERIGE
PDF
Mandates27/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2011
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other11/07/2007
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 2025299,4 €↓
2024
Annual accounts 202417,2 k €↑
2023
Annual accounts 202312,3 k €↑
2022
Annual accounts 20221,6 k €↓
2021
Annual accounts 20216,1 k €↓
2020
Annual accounts 202017,4 k €↓
2019
Annual accounts 201938,2 k €↓
2018
Annual accounts 201845,4 k €↑
2017
Annual accounts 201735 k €↑
2016
Annual accounts 201628,5 k €↑
2015
Annual accounts 201512,4 k €↑
2014
Annual accounts 20147 k €↓
2013
Annual accounts 201331,8 k €↓
2012
Annual accounts 201234,4 k €↑
2011
Annual accounts 2011-7,2 k €↓
2010
Annual accounts 201016,3 k €↓
2009
Annual accounts 200956,3 k €
02/07/2007
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

ADVISORY SERVICES

Overview

What does ADVISORY SERVICES do?

Trend over 17 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