What does BUREAU D'ETUDES GREISCH do?

BUREAU D'ETUDES GREISCH is an engineering firm in Liège. Public Limited, started on 13 June 1984, 1 establishment.

What is the address of BUREAU D'ETUDES GREISCH?

The registered office of BUREAU D'ETUDES GREISCH is located at Allée des Noisetiers 25, 4031 Liège.

Is BUREAU D'ETUDES GREISCH still active?

Yes. According to the CBE (29 October 2026) BUREAU D'ETUDES GREISCH is active, legal situation “Normale toestand”, started on 13 June 1984.

Is BUREAU D'ETUDES GREISCH registered on Peppol?

Yes, BUREAU D'ETUDES GREISCH is registered on the Peppol network with ID 0208:0425860781.

What is the enterprise number of BUREAU D'ETUDES GREISCH?

The enterprise number of BUREAU D'ETUDES GREISCH is BE0425860781.

When was BUREAU D'ETUDES GREISCH founded?

BUREAU D'ETUDES GREISCH was founded on 13 June 1984.

Who are the directors of BUREAU D'ETUDES GREISCH?

According to the 2025 annual accounts, the directors of BUREAU D'ETUDES GREISCH are: dLUC srl, PHIC srl.

Is BUREAU D'ETUDES GREISCH a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 13 June 1984; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did BUREAU D'ETUDES GREISCH make in 2025?

BUREAU D'ETUDES GREISCH posted a profit after taxes of € 862,798 in financial year 2025.

What is the revenue of BUREAU D'ETUDES GREISCH?

In its most recent annual accounts (2025), BUREAU D'ETUDES GREISCH reported revenue of € 17,155,339.

How much does an employee at BUREAU D'ETUDES GREISCH earn?

The average wage cost per full-time employee at BUREAU D'ETUDES GREISCH was € 87,000 in 2025: staff costs of € 8 million for 92.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does BUREAU D'ETUDES GREISCH have?

According to the 2025 annual accounts, BUREAU D'ETUDES GREISCH has 92.2 full-time equivalents (FTE).

BUREAU D'ETUDES GREISCH (Public Limited) - Liège

Dossier BUREAU D'ETUDES GREISCH, printed on 29 October 2026 from databakkes.be/en/0425860781/bureau-d-etudes-greisch. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

27 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

BUREAU D'ETUDES GREISCH from Liège, company number BE0425860781, closed financial year 2025 with a result of € 862,798 after tax. For that financial year BUREAU D'ETUDES GREISCH recorded revenue of € 17.2 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 1.4 million to € 862,798. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.

What it is worth Growing

€ 1.6 million

▲ 28% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 862,798

▼ 40% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 50,495

▼ 67% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 430,000 paid out

50 % of the profit went to the shareholders, mostly to GREISCH COORDINATION ETUDESA (90 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

92.2

▲ 4.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 3.1 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 8 million

▲ 6% vs 2024

€ 87,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 312,257

▲ 6% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 7.1 million

▲ 9% vs 2024

€ 360,310 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 3.3 million

▼ 43% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 140 days on average.

Taxes and wages

€ 1.8 million

▼ 10% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 15,398,236 Revenue 2022: € 15,398,236 First fiscal year in the series	€ 19,651,276 Revenue 2023: € 19,651,276 ▲ 28% vs 2022 (€ 15,398,236) Favourable step	€ 19,631,305 Revenue 2024: € 19,631,305 Unchanged (€ 19,651,276) Unfavourable step	€ 17,155,339 Revenue 2025: € 17,155,339 ▼ 13% vs 2024 (€ 19,631,305) Unfavourable step	▼ 13%
Profit after taxes	€ 896,413 Profit after taxes 2022: € 896,413 First fiscal year in the series	€ 1,157,311 Profit after taxes 2023: € 1,157,311 ▲ 29% vs 2022 (€ 896,413) Favourable step	€ 1,447,358 Profit after taxes 2024: € 1,447,358 ▲ 25% vs 2023 (€ 1,157,311) Favourable step	€ 862,798 Profit after taxes 2025: € 862,798 ▼ 40% vs 2024 (€ 1,447,358) Unfavourable step	▼ 40%
Equity	€ 1,720,648 Equity 2022: € 1,720,648 First fiscal year in the series	€ 1,364,054 Equity 2023: € 1,364,054 ▼ 21% vs 2022 (€ 1,720,648) Unfavourable step	€ 1,274,545 Equity 2024: € 1,274,545 ▼ 7% vs 2023 (€ 1,364,054) Unfavourable step	€ 1,634,259 Equity 2025: € 1,634,259 ▲ 28% vs 2024 (€ 1,274,545) Favourable step	▲ 28%
Total debts	€ 17,649,645 Total debts 2022: € 17,649,645 First fiscal year in the series	€ 14,884,845 Total debts 2023: € 14,884,845 ▼ 16% vs 2022 (€ 17,649,645) Favourable step	€ 16,541,299 Total debts 2024: € 16,541,299 ▲ 11% vs 2023 (€ 14,884,845) Unfavourable step	€ 16,321,857 Total debts 2025: € 16,321,857 ▼ 1% vs 2024 (€ 16,541,299) Favourable step	▼ 1%
Cash	€ 232,489 Cash 2022: € 232,489 First fiscal year in the series	€ 131,870 Cash 2023: € 131,870 ▼ 43% vs 2022 (€ 232,489) Unfavourable step	€ 150,748 Cash 2024: € 150,748 ▲ 14% vs 2023 (€ 131,870) Favourable step	€ 50,495 Cash 2025: € 50,495 ▼ 67% vs 2024 (€ 150,748) Unfavourable step	▼ 67%
Land & buildings	€ 3,086,824 Land & buildings 2022: € 3,086,824 First fiscal year in the series	€ 3,075,034 Land & buildings 2023: € 3,075,034 Unchanged (€ 3,086,824) Unchanged	€ 2,927,344 Land & buildings 2024: € 2,927,344 ▼ 5% vs 2023 (€ 3,075,034) Unchanged	€ 2,771,303 Land & buildings 2025: € 2,771,303 ▼ 5% vs 2024 (€ 2,927,344) Unchanged	▼ 5%
Retained profit	€ 423,459 Retained profit 2022: € 423,459 First fiscal year in the series	€ 425,770 Retained profit 2023: € 425,770 ▲ 1% vs 2022 (€ 423,459) Favourable step	€ 423,128 Retained profit 2024: € 423,128 ▼ 1% vs 2023 (€ 425,770) Unfavourable step	€ 797,786 Retained profit 2025: € 797,786 ▲ 89% vs 2024 (€ 423,128) Favourable step	▲ 89%
Dividend	€ 890,000 Dividend 2022: € 890,000 First fiscal year in the series	€ 1,155,000 Dividend 2023: € 1,155,000 ▲ 30% vs 2022 (€ 890,000) Unchanged	€ 1,450,000 Dividend 2024: € 1,450,000 ▲ 26% vs 2023 (€ 1,155,000) Unchanged	€ 430,000 Dividend 2025: € 430,000 ▼ 70% vs 2024 (€ 1,450,000) Unchanged	▼ 70%
Bank debt	€ 6,151,262 Bank debt 2022: € 6,151,262 First fiscal year in the series	€ 7,077,653 Bank debt 2023: € 7,077,653 ▲ 15% vs 2022 (€ 6,151,262) Unfavourable step	€ 6,511,533 Bank debt 2024: € 6,511,533 ▼ 8% vs 2023 (€ 7,077,653) Favourable step	€ 7,093,617 Bank debt 2025: € 7,093,617 ▲ 9% vs 2024 (€ 6,511,533) Unfavourable step	▲ 9%
Balance sheet total	€ 19,370,293 Balance sheet total 2022: € 19,370,293 First fiscal year in the series	€ 16,248,899 Balance sheet total 2023: € 16,248,899 ▼ 16% vs 2022 (€ 19,370,293) Unchanged	€ 17,815,844 Balance sheet total 2024: € 17,815,844 ▲ 10% vs 2023 (€ 16,248,899) Unchanged	€ 17,956,116 Balance sheet total 2025: € 17,956,116 ▲ 1% vs 2024 (€ 17,815,844) Unchanged	▲ 1%
Employees (FTE)	81.6 Employees (FTE) 2022: 81.6 First fiscal year in the series	83.3 Employees (FTE) 2023: 83.3 ▲ 1.7 vs 2022 (81.6) Unchanged	87.9 Employees (FTE) 2024: 87.9 ▲ 4.6 vs 2023 (83.3) Unchanged	92.2 Employees (FTE) 2025: 92.2 ▲ 4.3 vs 2024 (87.9) Unchanged	▲ 4.3

Key figures of BUREAU D'ETUDES GREISCH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to BUREAU D'ETUDES GREISCH?

What happened at BUREAU D'ETUDES GREISCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 dLUC srl stepped down as director. NBB
2027 PHIC srl stepped down as director. NBB
Jul 15, 2026 New annual accounts for financial year 2025: profit of € 862,798 (▼ 40% vs 2024). Source: NBB ↗
2021 dLUC srl became a director. NBB
2021 PHIC srl became a director. NBB
Jun 13, 1984 Start of the company according to the CBE. KBO
Jun 1, 1984 New establishment in Liège. KBO

In short

From € 896,413 profit in 2022 to € 862,798 profit in 2025.

Paid € 902,672 in corporate taxes since 2022.

Best year ever: 2024, with € 1.4 million profit.

Paid out € 3.9 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

GREISCH COORDINATION ETUDESA 90%

GPAR 10%

BUREAU D'ETUDES GREISCH

LIEGE SCIENCE PARK ENERGY

The shares are held by GREISCH COORDINATION ETUDESA (90%) and GPAR (10%). It owns LIEGE SCIENCE PARK ENERGY itself.

Directors

According to the 2025 annual accounts

dLUC srl

Managing director · represented by Luc DEMORTIER

Also active at: GREISCH - COORDINATION & ETUDES, NEO & IDES

since 2021 · until 2027

PHIC srl

Director · represented by Philippe CLOSSET

Also active at: GREISCH - COORDINATION & ETUDES

since 2021 · until 2027

Shareholders

GREISCH COORDINATION ETUDESA

90%

GPAR

10%

Participations

LIEGE SCIENCE PARK ENERGY

Establishments

Establishment units

Physical locations of this company

Registered office

Allée des Noisetiers 25

4031 Liège

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.

All companies at this address →

GREISCH INGENIERIE

€ 18.6 million revenue · 2025

GREISCH - COORDINATION & ETUDES same network

€ 557,786 revenue · 2025

GROUPE GREISCH

SM GREISCH-EGIS AVIA

SM GREISCH - TRANSITEC

+22 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0425.860.781

VAT number

BE 0425.860.781

Registered office

Allée des Noisetiers 25, 4031 Liège

Names & denominations

BUREAU D'ETUDES GREISCH

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

13 June 1984

Peppol

Active · Active since 4 Dec 2025

Activities · NACE

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Technische studiën en ingenieursactiviteiten

View on CBE Public ↗ Annual accounts (NBB) ↗

BUREAU D'ETUDES GREISCH

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Financials

What happened to BUREAU D'ETUDES GREISCH?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions