GLOBAL PROGRAM MANAGEMENT

Active Private limited companyfounded 1998active for 28 yearsRue Arthur Hardy 15, 1300 WavreKBO/BCE: BE 0464.469.751

Financial year 2025

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Annual accounts 2025

micro format, filed on 27-07-2026, 4 days before the deadline

-€103,909

▼ €113,398

-€119,291

▼ €110,275

-€118,784

▼ €106,929

€86,258

▼ 55.3%

97.0%

▲ 4.7 percentage points

23.74

▲ 12.25

Turnover and EBIT margin are not published. The micro format does not require them.

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €124,580 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

97.0%

Higher than 95% of 39,364 companies in 2025.

23.74

Higher than 95% of 38,048 companies in 2025.

-95.3%

Lower than 95% of 38,520 companies in 2025.

GLOBAL PROGRAM MANAGEMENT Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	124,580	259,542	266,800	272,130	256,575	217,983	163,608	225,116	211,779	188,003	249,071	235,383	221,760	218,611	252,588	284,927	267,791	231,702	216,503	177,198
`20`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`21/28`	34,530	48,114	63,269	4,179	2,591	577	873	1,366	7,767	15,153	24,279	31,732	108	534	12,021	25,949	39,786	54,240	26,897	8,357
`21`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`22/27`	34,150	47,734	62,889	3,799	2,211	197	493	986	7,387	14,773	24,254	31,707	83	509	11,996	25,924	39,761	54,215	26,872	8,332
`22`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`23`	1,951	-	-	-	-	0	0	0	-	-	-	-	83	187	312	-	-	829	2,257	4,897
`24`	32,199	47,734	62,889	3,799	2,211	0	0	0	7,387	14,773	24,254	31,707	-	322	11,684	24,836	36,857	47,704	21,609	1,275
`26`	-	-	-	-	0	197	493	986	-	-	-	-	-	-	-	1,088	2,904	5,683	3,006	2,160
`27`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`28`	380	380	380	380	380	380	380	380	380	380	25	25	25	25	25	25	25	25	25	25
`29/58`	90,050	211,428	203,531	267,952	253,984	217,406	162,736	223,750	204,012	172,850	224,792	203,651	221,652	218,077	240,567	258,978	228,005	177,462	189,606	168,841
`290`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`291`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`3`	-	-	-	-	-	0	0	0	-	-	-	-	-	20,641	41,741	39,785	24,500	35,000	31,500	15,000
`30/36`	-	-	-	-	-	0	0	0	-	-	-	-	-	20,641	41,741	39,785	24,500	35,000	31,500	15,000
`37`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	35,427	27,899	39,919	22,385	21,854	40,722	31,136	11,486	13,970	11,828	11,292	500	14,344	13,063	14,270	18,931	34,343	15,825	36,471	34,115
`40`	4,609	13,562	30,548	22,385	21,854	40,722	29,183	11,486	13,915	11,828	10,648	500	12,971	13,063	14,270	18,407	33,075	15,675	33,842	34,115
`41`	30,817	14,337	9,370	-	-	0	1,953	0	55	-	644	-	1,373	-	-	524	1,268	150	2,629	-
`50/53`	-	-	0	240,000	200,000	120,000	120,000	135,665	135,654	135,522	177,555	175,000	175,000	175,000	175,000	168,131	123,131	-	-	-
`54/58`	52,003	180,653	155,767	4,268	30,344	54,928	9,393	76,599	54,389	25,499	35,945	27,090	32,308	8,354	9,556	32,131	46,031	126,637	121,635	119,726
`490/1`	2,621	2,876	7,845	1,299	1,786	1,755	2,207	0	-	-	-	1,061	-	1,019	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	124,580	259,542	266,800	272,130	256,575	217,983	163,608	225,116	211,779	188,003	249,071	235,383	221,760	218,611	252,588	284,927	267,791	231,702	216,503	177,198
`10/15`	120,787	239,572	251,427	235,377	219,046	199,799	158,765	210,001	193,467	174,627	203,141	188,895	180,126	178,594	214,394	234,231	211,361	197,209	188,918	139,785
`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`100`	-	-	-	-	-	0	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`101`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`11`	-	-	-	-	-	18,592	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`1100/10`	-	-	-	-	-	18,592	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`1109/19`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`12`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`13`	141,900	220,900	232,773	216,773	200,454	181,206	140,173	191,159	174,659	155,859	183,860	169,859	214,859	214,859	214,859	214,859	192,559	178,560	169,861	132,859
`130/1`	-	-	0	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	0	1,859	1,859	1,859	1,859	1,860	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`1311`	-	-	0	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1312`	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`1313`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1319`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	2,501	5,002	-
`133`	141,900	220,900	232,773	214,913	198,595	179,347	138,313	189,300	172,800	154,000	182,000	168,000	213,000	213,000	213,000	213,000	190,700	174,200	163,000	131,000
`14`	-39,705	80	62	12	0	0	0	250	216	176	689	444	-53,325	-54,857	-19,057	780	210	57	465	-11,666
`15`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,232	2,463	-
`160/5`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`160`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`161`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`162`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`163`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`168`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	1,232	2,463	-
`17/49`	3,793	19,970	15,373	36,754	37,529	18,185	4,844	15,115	18,312	13,376	45,930	46,488	41,634	40,017	38,194	50,696	56,430	33,261	25,122	37,412
`175`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`176`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`178/9`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	3,793	18,396	13,088	28,801	35,779	16,435	4,844	11,615	18,312	13,376	45,930	46,488	41,634	40,017	38,194	48,203	52,545	30,726	22,487	34,746
`42`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`430/8`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`439`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`44`	3,616	777	5,582	3,336	2,475	2,892	1,390	3,767	2,533	1,665	3,499	6,021	8,480	4,110	3,271	8,547	16,106	3,417	1,315	13,741
`440/4`	3,616	777	5,582	3,336	2,475	2,892	1,390	3,767	2,533	1,665	3,499	6,021	8,480	4,110	3,271	8,547	16,106	3,417	1,315	13,741
`441`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`46`	0	14,399	-	-	-	0	0	0	-	-	-	-	-	2,926	-	-	-	-	-	-
`45`	177	3,220	7,506	12,021	13,996	13,485	3,454	7,399	4,680	788	1,560	389	-	3,004	6,868	17,347	11,844	7,649	13,841	20,246
`450/3`	177	3,220	7,506	12,021	11,958	11,531	1,500	3,458	2,716	788	1,560	389	-	2,628	5,812	17,013	10,583	6,736	10,755	8,246
`454/9`	-	-	-	0	2,038	1,954	1,954	3,941	1,964	-	-	-	-	376	1,056	334	1,261	914	3,086	12,000
`47/48`	-	-	0	13,443	19,308	58	0	449	11,099	10,923	40,871	40,078	33,154	29,977	28,055	22,309	24,595	19,660	7,331	759
`492/3`	0	1,574	2,285	7,953	1,750	1,750	0	3,500	-	-	-	-	-	-	-	2,493	3,885	2,535	2,635	2,666
Income statement
`76A`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`9900`	-103,909	9,490	31,129	26,387	40,542	48,634	-49,902	28,374	29,447	-18,103	22,030	18,323	2,542	-19,199	14,318	46,233	60,178	59,319	97,145	93,130
`62`	-	-	-	-	0	264	0	0	-	-	-	-	-	5,799	12,977	11,091	10,849	11,267	3,092	-
`630`	14,360	15,156	5,936	968	232	296	493	7,879	7,387	9,480	7,454	7,537	426	9,648	14,448	15,811	26,662	26,608	16,140	8,745
`631/4`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`635/8`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`640/8`	1,022	3,350	1,626	1,389	533	1,337	648	924	917	1,183	712	1,834	1,011	1,182	977	1,403	1,246	2,740	2,417	714
`649`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`66A`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`9901`	-119,291	-9,015	23,566	24,030	39,776	46,737	-51,043	19,570	21,143	-28,767	13,864	8,952	1,105	-35,828	-14,084	17,928	21,421	18,705	75,496	83,671
`75/76B`	916	121	4	1	20	25	0	16	155	349	2,562	8	642	3	1,174	64	1,529	365	267	89
`75`	916	121	4	1	20	25	0	16	155	349	2,562	8	642	3	1,174	64	1,529	365	267	89
`76B`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	232	271	252	248	226	555	199	164	95	99	498	191	215	151	480	322	1,737	258	273	417
`65`	232	271	252	248	226	555	199	164	95	99	498	191	215	151	480	322	1,737	258	273	417
`66B`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	-118,607	-9,166	23,319	23,783	39,571	46,207	-51,242	19,422	21,203	-28,517	15,928	8,769	1,532	-35,976	-13,390	17,670	21,213	18,811	75,490	83,343
`67/77`	177	2,690	7,269	7,453	8,323	5,173	-5	2,887	2,363	-3	1,683	-	-	-176	6,447	-5,200	3,793	11,752	23,894	2,880
`9904`	-118,784	-11,855	16,050	16,330	31,248	41,034	-51,237	16,534	18,840	-28,514	14,245	8,769	1,532	-35,800	-19,837	22,870	18,652	8,291	49,133	80,463
`789`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	2,501	2,501	2,501	-
`689`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	7,503	-
`9905`	-118,784	-11,855	16,050	16,330	31,248	41,034	-51,237	16,534	18,840	-28,514	14,245	8,769	1,532	-35,800	-19,837	22,870	21,153	10,792	44,131	80,463
Appropriation of the result
`9906`	-118,705	-11,793	16,062	16,330	31,248	41,034	-50,987	16,750	19,016	-27,824	14,689	-44,556	-53,325	-54,857	-19,057	23,080	21,210	11,257	32,465	-11,666
`14P`	80	62	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	79,000	11,873	-	-	-	0	50,987	0	-	28,000	-	53,325	-	-	-	-	-	-	-	-
`691/2`	-	0	16,000	16,318	19,248	41,034	-	16,500	18,800	-	14,000	8,325	-	-	-	22,300	16,500	11,200	32,000	-
`691`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	-	0	16,000	16,318	19,248	41,034	0	16,500	18,800	-	14,000	8,325	-	-	-	22,300	16,500	11,200	32,000	-
`694/7`	-	-	-	0	12,000	-	-	-	-	-	-	-	-	-	-	-	4,500	-	-	-
`694`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`695`	-	-	-	0	12,000	0	0	0	-	-	-	-	-	-	-	-	4,500	-	-	-
`696`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	-	-	-	0	0	0	-	-	-	-	-	0.1	0.4	0.5	0.5	0.3	0.1	-
Hours worked`1013`	-	-	-	-	-	0	0	0	-	-	-	-	-	308	724	816	1,012	600	160	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 7 older financial years (1999-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	27-07-2026	2026-00333359	PDF
31-12-2024	micro format	04-08-2025	2025-00354308	PDF
31-12-2023	micro format	30-08-2024	2024-00402173	PDF
31-12-2022	micro format	06-07-2023	2023-00229577	PDF
31-12-2021	micro format	31-08-2022	2022-20427170	PDF
31-12-2020	micro format	02-08-2021	2021-44800544	PDF
31-12-2019	micro format	01-10-2020	2020-57800311	PDF
31-12-2018	micro format	23-07-2019	2019-35900384	PDF
31-12-2017	micro format	30-07-2018	2018-39200288	PDF
31-12-2016	micro format	22-06-2017	2017-20000023	PDF
31-12-2015	full format	28-07-2016	2016-37400198	PDF
31-12-2014	full format	05-08-2015	2015-39600342	PDF
31-12-2013	full format	26-08-2014	2014-46900116	PDF
31-12-2012	full format	22-08-2013	2013-44600259	PDF
31-12-2011	full format	30-07-2012	2012-35400153	PDF
31-12-2010	full format	31-08-2011	2011-49300398	PDF
31-12-2009	full format	26-07-2010	2010-34100526	PDF
31-12-2008	full format	29-07-2009	2009-51100173	PDF
31-12-2007	abbreviated format	28-08-2008	2008-68200033	PDF
31-12-2006	full format	22-06-2007	2007-27800386	PDF
31-12-2005	full format	20-07-2006	2006-51004612	PDF
31-12-2004	abbreviated format	30-09-2005	2005-74501075	PDF
31-12-2003	full format	26-07-2004	2004-50803453	PDF
31-12-2002	full format	17-06-2003	2003-25102596	PDF
31-12-2001	full format	17-06-2002	2002-23100699	PDF
31-12-2000	abbreviated format	12-07-2001	2001-37000217	PDF
31-12-1999	full format	21-06-2000	2000-25300235	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-104,931	6,140	29,502	24,998	40,008	47,033	-50,550	27,449	28,530	-19,286	21,318	16,489	1,531	-26,180	364	33,739	48,083	45,312	91,636	92,416
-104,424	3,300	21,986	17,298	31,480	41,329	-50,744	24,414	26,226	-19,033	21,699	16,306	1,958	-26,152	-5,389	38,681	45,314	34,899	65,273	89,208
140,431	0	65,027	2,555	2,246	0	0	1,478	0	380	1	39,161	0	-1,839	520	1,974	12,208	53,951	34,680	9,523
-128,650	24,886	151,499	-26,076	-24,584	45,535	-67,206	22,210	28,889	-10,446	8,855	-5,218	23,954	-1,202	-22,575	-13,900	-80,606	5,002	1,909	-
86,258	193,032	190,443	239,151	218,205	200,971	157,892	212,136	185,700	159,474	178,862	157,163	180,018	178,060	202,373	210,775	175,460	146,736	167,119	134,095
97.0%	92.3%	94.2%	86.5%	85.4%	91.7%	97.0%	93.3%	91.4%	92.9%	81.6%	80.3%	81.2%	81.7%	84.9%	82.2%	78.9%	85.1%	87.3%	78.9%
23.74	11.49	15.55	9.30	7.10	13.23	33.60	19.26	11.14	12.92	4.89	4.38	5.32	5.45	6.30	5.37	4.34	5.78	8.43	4.86
23.74	11.49	15.55	9.30	7.10	13.23	33.60	19.26	11.14	12.92	4.89	4.38	5.32	4.93	5.21	4.55	3.87	4.64	7.03	4.43
0.03	0.08	0.06	0.16	0.17	0.09	0.03	0.07	0.09	0.08	0.23	0.25	0.23	0.22	0.18	0.22	0.27	0.17	0.13	0.27
-98.3%	-4.9%	6.4%	6.9%	14.3%	20.5%	-32.3%	7.9%	9.7%	-16.3%	7.0%	4.6%	0.9%	-20.0%	-9.3%	9.8%	8.8%	4.2%	26.0%	57.6%
-95.3%	-4.6%	6.0%	6.0%	12.2%	18.8%	-31.3%	7.3%	8.9%	-15.2%	5.7%	3.7%	0.7%	-16.4%	-7.9%	8.0%	7.0%	3.6%	22.7%	45.4%
-451.84	22.64	over 100	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€140,431	-	€65,027	€2,555	€2,246
Financial fixed assets	€0	-	-	-	-
	€14,360	€15,156	€5,936	€968	€232

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

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The operating result for 2025 is a loss of €119,291, larger than the loss of €9,015 in 2024. It is the lowest result since 2006.

Debt's share of the balance-sheet total falls from 7.7% to 3.0%. Equity and debt are lower.

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency97.0%

Current ratio23.74

Return on assets-95.3%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Investments

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in euro

in euro

97.0%

23.74

-95.3%