ACTIVE

ETUDELEC (SRL)

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Financial year 2025 · closed on 31/12/2025

Net result

-121,8 k €

-1367.6% YoY

Gross margin

569,6 k €

+1.2% YoY

Equity

358,8 k €

-25.3% YoY

What does ETUDELEC do?

ETUDELEC is a Private limited company incorporated in 2008. Its registered office is in Ramillies.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0898.953.042

Incorporation

01/07/2008

Legal form

Private limited company

Registered office

Rue Gilbert Detry 9
1367 Ramillies · WallonieSee on map

Contributed capital

16 900,00 €

Latest accounts

31/12/2025

Joint committees (3)

14901
200
218

Contacts

2 public details availableLog in to view

Signals

Positive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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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	569,6 k €	+1.2%	562,5 k €	-15.0%	661,7 k €	+17.8%	561,8 k €	+156%	219,3 k €	+17.2%	187,2 k €	-37.0%	296,9 k €	+39.5%	212,9 k €	+7.9%	197,2 k €	+3.4%	190,8 k €	-20.0%	238,6 k €	+61.7%	147,6 k €	-20.8%	186,4 k €	+97.5%	94,4 k €	+3.6%	91,1 k €	+92.0%	47,4 k €	+42.0%	33,4 k €
EBITDA	13,5 k €	-87.8%	110,8 k €	-55.4%	248,5 k €	-15.9%	295,6 k €	+500%	49,3 k €	-8.6%	53,9 k €	-65.7%	157,1 k €	+65.0%	95,2 k €	+5.5%	90,2 k €	+78.3%	50,6 k €	-53.9%	109,8 k €	+85.0%	59,3 k €	-44.5%	107 k €	+220%	33,4 k €	-56.4%	76,7 k €	+88.6%	40,7 k €	+21.7%	33,4 k €
Operating result	-98,4 k €	-403%	32,5 k €	-81.9%	179,1 k €	-30.4%	257,3 k €	+1065%	22,1 k €	-29.4%	31,3 k €	-74.0%	120,5 k €	+117%	55,4 k €	+0.2%	55,3 k €	+202%	18,3 k €	-71.8%	65,1 k €	+78.7%	36,4 k €	-45.1%	66,3 k €	+437%	12,4 k €	-78.6%	57,9 k €	+91.0%	30,3 k €	+6.8%	28,4 k €
Net result	-121,8 k €	-1368%	9,6 k €	-91.6%	114,1 k €	-36.4%	179,6 k €	+1260%	13,2 k €	-16.1%	15,7 k €	-81.4%	84,6 k €	+147%	34,2 k €	+19.0%	28,8 k €	+394%	5,8 k €	-85.5%	40,3 k €	+75.4%	23 k €	-57.0%	53,5 k €	+546%	8,3 k €	-78.9%	39,3 k €	+113%	18,4 k €	+5.8%	17,4 k €
Balance sheet
Equity	358,8 k €	-25.3%	480,6 k €	-4.8%	505 k €	+28.9%	391,9 k €	+49.4%	262,3 k €	+4.9%	250,1 k €	+6.7%	234,4 k €	+38.0%	169,8 k €	+15.8%	146,6 k €	-7.1%	157,8 k €	-17.8%	192 k €	+26.6%	151,7 k €	+17.8%	128,7 k €	+28.4%	100,3 k €	+9.0%	92 k €	+74.5%	52,7 k €	+53.7%	34,3 k €
Total assets	1,3 M €	+38.8%	931,8 k €	-7.9%	1 M €	+7.6%	940,4 k €	+12.3%	837,5 k €	+3.6%	808,8 k €	+45.2%	557 k €	+19.7%	465,5 k €	-30.7%	671,5 k €	+50.2%	447,1 k €	-12.6%	511,8 k €	+92.1%	266,5 k €	+5.1%	253,5 k €	+55.6%	162,9 k €	-13.6%	188,5 k €	+93.2%	97,6 k €	+45.7%	67 k €
Cash	91 k €	+124%	40,7 k €	-49.9%	81,1 k €	-63.6%	222,6 k €	+62.3%	137,2 k €	-58.5%	330,2 k €	+177%	119,2 k €	+25.0%	95,4 k €	-21.0%	120,8 k €	+284%	31,4 k €	+87.4%	16,8 k €	-59.9%	41,9 k €	-37.1%	66,6 k €	+125%	29,6 k €	-65.3%	85,2 k €	+187%	29,7 k €	+7.2%	27,7 k €
Debts	934,1 k €	+107%	451,2 k €	-10.2%	502,7 k €	-8.4%	548,6 k €	-4.6%	575,2 k €	+3.0%	558,7 k €	+73.2%	322,7 k €	+9.1%	295,7 k €	-36.8%	468,3 k €	+61.9%	289,3 k €	-9.5%	319,8 k €	+179%	114,8 k €	-8.0%	124,8 k €	+101%	62,2 k €	-35.5%	96,5 k €	+115%	44,8 k €	+40.0%	32 k €
Other
Workforce	–		–		7,1 ETP	+42.0%	5,0 ETP	+38.9%	3,6 ETP		–		–		–		–		–		2,8 ETP	+12.0%	2,5 ETP	+19.0%	2,1 ETP	+50.0%	1,4 ETP	+100%	0,7 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Jean Christophe HEBRANT

Managing director

Active

Ended mandates

Jean Christophe HEBRANT

Manager

Ended

Jean-Christophe HEBRANT

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Micro 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	17/09/2026	30/09/2025	27/09/2024	04/12/2023	29/09/2022	29/09/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/06/2026	17/09/2026	French	PDF
Micro model	31/12/2024	17/06/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	27/09/2024	French	PDF
Abridged model	31/12/2022	20/06/2023	04/12/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	29/09/2022	French	PDF
Micro model	31/12/2020	15/06/2021	29/09/2021	French	PDF
Micro model	31/12/2019	16/06/2020	28/10/2020	French	PDF
Micro model	31/12/2018	18/06/2019	27/09/2019	French	PDF
Micro model	31/12/2017	19/06/2018	27/08/2018	French	PDF
Micro model	31/12/2016	20/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	27/09/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	29/09/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	27/09/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	31/08/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 2 ended

Active mandates

Jean Christophe HEBRANT

Managing director

Active

Ended mandates

Jean Christophe HEBRANT

Manager

Ended

Jean-Christophe HEBRANT

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Other15/07/2009
DIVERS
PDF
Other03/07/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-121,8 k €↓
2024
Annual accounts 20249,6 k €↓
2023
Annual accounts 2023114,1 k €↓
2022
Annual accounts 2022179,6 k €↑
2021
Annual accounts 202113,2 k €↓
2020
Annual accounts 202015,7 k €↓
2019
Annual accounts 201984,6 k €↑
2018
Annual accounts 201834,2 k €↑
2017
Annual accounts 201728,8 k €↑
2016
Annual accounts 20165,8 k €↓
2015
Annual accounts 201540,3 k €↑
2014
Annual accounts 201423 k €↓
2013
Annual accounts 201353,5 k €↑
2012
Annual accounts 20128,3 k €↓
2011
Annual accounts 201139,3 k €↑
2010
Annual accounts 201018,4 k €↑
2009
Annual accounts 200917,4 k €
01/07/2008
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

ETUDELEC (SRL)

Overview

What does ETUDELEC do?

Trend over 17 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