ACTIVE

Kunnig Operations

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Financial year 2025 · Closed on 31/12/2025

Net result345,5 k €+48,9 %over 1 year

Revenue4,3 M €+6,3 %over 1 year

Equity9,9 M €+2,9 %over 1 year

Workforce241,1 ETP-0,6 %over 1 year

Identity

Source · BCE/KBO

Kunnig Operations is a Non-profit organization incorporated in 1968. Its main activity is: Technical and vocational secondary education. Its registered office is in Antwerpen. It employs on average 241,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0404.745.465
Incorporation: 01/01/1968
Legal form: Non-profit organization
Registered office: Kielsbroek 2
2020 Antwerpen · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 241,1 ETP

Activities (NACE)

85322Technical and vocational secondary education· main 88993Other social work activities without accommodation n.e.c.88995Other social work activities without accommodation n.e.c.

Joint committees (1)

32701

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	4,3 M €	+6.3%	4,1 M €	-7.3%	4,4 M €	-2.5%	4,5 M €	+34.9%	3,4 M €
EBITDA	714,7 k €	+14.3%	625,4 k €	+4.9%	596,1 k €	-21.1%	755,8 k €	+16.9%	646,4 k €
Operating result	347,1 k €	+49.2%	232,7 k €	-18.8%	286,5 k €	-37.2%	456,3 k €	+35.0%	338 k €
Net result	345,5 k €	+48.9%	232,1 k €	-57.1%	540,8 k €	+26.0%	429,2 k €	+28.7%	333,6 k €
Balance sheet
Equity	9,9 M €	+2.9%	9,6 M €	+1.8%	9,5 M €	+49.0%	6,4 M €	+6.1%	6 M €
Total assets	11,8 M €	+1.1%	11,7 M €	-0.1%	11,7 M €	+18.4%	9,9 M €	+5.1%	9,4 M €
Cash	581,1 k €	-38.2%	940,4 k €	-77.4%	4,2 M €	+67.6%	2,5 M €	+2.4%	2,4 M €
Debts	1,4 M €	+13.3%	1,2 M €	-22.5%	1,6 M €	-46.0%	2,9 M €	+8.5%	2,7 M €
Other
Workforce	241,1 ETP	-0.6%	242,6 ETP	-9.1%	266,9 ETP	-3.0%	275,2 ETP	+5.6%	260,7 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

8 active · 18 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joris De Smedt	Directorsince 25/06/2024
Jens TIMMERMANS	Directorsince 26/03/2024
Johan De Muynck	Director26/03/2024 → 19/01/2026Chairman of the board of directors26/03/2024 → 2024 accountsended
Lucas MARAIN	Directorsince 26/03/2024
Marc NUYTEMANS	Directorsince 26/03/2024
Marco LAENENS	Directorsince 26/03/2024
Frederik JACOBS	Directorsince 23/06/2009
Guido MUELENAER	Directorsince 23/09/2011Mandate2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jan VAN ROIE	Persoon belast met dagelijks bestuurlisted until the 2023 accounts
Peter Stappaerts	Director23/06/2009 → 2010 accounts
Bruno Van Son	Chairman of the board of directors2016 accountsDirector2022 accounts

Other companies at this address

Kielsbroek 2 2020 Antwerpen

Company	CBE no.
Kunnig● Active	0627.884.760
Sense Operations● Active	0466.843.281

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	08/06/2026	31/07/2025	26/08/2024	25/07/2023	08/08/2022	02/08/2021
General meeting	26/05/2026	24/06/2025	25/06/2024	19/06/2023	17/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	31/07/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	26/08/2024	Dutch	PDF
Full model	31/12/2022	19/06/2023	25/07/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	08/08/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	02/08/2021	Dutch	PDF
Full model	31/12/2019	10/06/2020	15/06/2020	Dutch	PDF
Full model	31/12/2018	04/06/2019	05/06/2019	Dutch	PDF
Full model	31/12/2017	05/06/2018	05/06/2018	Dutch	PDF
Full model	31/12/2016	07/06/2017	08/06/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	13/06/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	27/05/2015	Dutch	PDF
Full modelCorrection	31/12/2013	03/06/2014	04/12/2014	Dutch	PDF
Full model	31/12/2013	03/06/2014	06/06/2014	Dutch	PDF
Full model	31/12/2012	21/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	15/06/2012	06/09/2012	Dutch	PDF
Full model	31/12/2010	22/04/2011	02/02/2012	Dutch	PDF
Full model	31/12/2009	07/06/2010	16/06/2010	Dutch	PDF
Full model	31/12/2008	23/06/2009	26/06/2009	Dutch	PDF
Full model	31/12/2007	17/06/2008	25/08/2008	Dutch	PDF
Full model	31/12/2006	27/06/2007	23/07/2007	Dutch	PDF

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

8 active · 18 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joris De Smedt	Directorsince 25/06/2024
Jens TIMMERMANS	Directorsince 26/03/2024
Johan De Muynck	Director26/03/2024 → 19/01/2026Chairman of the board of directors26/03/2024 → 2024 accountsended
Lucas MARAIN	Directorsince 26/03/2024
Marc NUYTEMANS	Directorsince 26/03/2024
Marco LAENENS	Directorsince 26/03/2024
Frederik JACOBS	Directorsince 23/06/2009
Guido MUELENAER	Directorsince 23/09/2011Mandate2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jan VAN ROIE	Persoon belast met dagelijks bestuurlisted until the 2023 accounts
Peter Stappaerts	Director23/06/2009 → 2010 accounts
Bruno Van Son	Chairman of the board of directors2016 accountsDirector2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other06/07/2026
—
PDF
Mandates06/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2024
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring21/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates11/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2020
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Joris De Smedt

Marc NUYTEMANS

Marco LAENENS

Jens TIMMERMANS

Lucas MARAIN

Johan DE MUYNCK

Guido MUELENAER

Frederik JACOBS

Jan VAN ROIE

Peter Stappaerts

Stad Antwerpen

Jan GYSEN

Show the 14 other mandates

19681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Kunnig OperationsKUNNIG VZW

Kielsbroek 2, 2020 Antwerp-2020

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kielsbroek 2, 2020 Antwerp-2020Current	accounts 2021 → 2025	Accounts 2025 · 2026-00142607

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Kunnig OperationsCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00142607
KUNNIG VZW	accounts 2021 → 2022	Accounts 2022 · 2023-00266661

Events

2025
Annual accounts 2025345,5 k €↑
2024
Annual accounts 2024232,1 k €↓
2023
Annual accounts 2023540,8 k €↑
2023
Name changeKunnig Operations
2022
Annual accounts 2022429,2 k €↑
2021
Annual accounts 2021333,6 k €↑
2020
Annual accounts 2020239,4 k €↓
2019
Annual accounts 2019352,6 k €↓
2018
Annual accounts 2018665,2 k €↑
2017
Annual accounts 201787,1 k €↑
2016
Annual accounts 2016-499,6 k €↓
2015
Annual accounts 2015107,3 k €↓
2014
Annual accounts 2014149,3 k €↓
2013
Annual accounts 2013151 k €↑
2012
Annual accounts 201286,9 k €↑
2011
Annual accounts 201154,1 k €↑
2010
Annual accounts 201011,9 k €↑
2009
Annual accounts 2009-151,2 k €↓
2008
Annual accounts 2008-100,6 k €↓
2007
Annual accounts 20077,3 k €
01/01/1968
IncorporationNon-profit organization

Kunnig Operations

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events