von Karman Institute for Fluid Dynamics
0407.185.709 · rovalta.com · 27/09/2026
ACTIVE
von Karman Institute for Fluid Dynamics
Financial year 2025 · Closed on 31/12/2025
Net result128 k €-51,8 %over 1 year
Revenue9,8 M €-25,1 %over 1 year
Equity27 M €+1,6 %over 1 year
Workforce158,0 ETP+13,7 %over 1 year
Overview
Identity
Source · BCE/KBOvon Karman Institute for Fluid Dynamics is a International non-profit organization incorporated in 1956. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Sint-Genesius-Rode. It employs on average 158,0 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0407.185.709
- Incorporation
- 20/12/1956
- Legal form
- International non-profit organization
- Registered office
- Chaussée de Waterloo 72
1640 Sint-Genesius-Rode · FlandreSee on map - Latest accounts
- 31/12/2025
- Average workforce
- 158,0 ETP
Activities (NACE)
Joint committees (1)
- 335
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 7 filingsTrend over 7 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 9,8 M € | -25.1% | 13 M € | +2.3% | 12,7 M € | +73.3% | 7,3 M € | +36.0% | 5,4 M € |
| EBITDA | 510,6 k € | -39.4% | 843,1 k € | -63.2% | 2,3 M € | +1848% | -131,1 k € | -114% | 939,3 k € |
| Operating result | -25,1 k € | -111% | 228,1 k € | -84.1% | 1,4 M € | +269% | -850,4 k € | -533% | 196,4 k € |
| Net result | 128 k € | -51.8% | 265,5 k € | -80.9% | 1,4 M € | +251% | -921 k € | -822% | 127,6 k € |
| Balance sheet | |||||||||
| Equity | 27 M € | +1.6% | 26,6 M € | +2.6% | 25,9 M € | +8785% | 291,8 k € | -75.9% | 1,2 M € |
| Total assets | 67,4 M € | +7.9% | 62,4 M € | +29.6% | 48,1 M € | +24.1% | 38,8 M € | +0.1% | 38,7 M € |
| Cash | 3,3 M € | -79.3% | 15,9 M € | +79.8% | 8,8 M € | +22.1% | 7,2 M € | -74.4% | 28,2 M € |
| Debts | 35,3 M € | +9.6% | 32,2 M € | +71.8% | 18,8 M € | +58.3% | 11,8 M € | +2.0% | 11,6 M € |
| Other | |||||||||
| Workforce | 158,0 ETP | +13.7% | 139,0 ETP | +4.9% | 132,5 ETP | +2.2% | 129,6 ETP | +11.0% | 116,8 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202510 active · 10 ended
Active mandates
Bryan WELLS
ActiveDerrick-Philippe GOSSELIN
ActiveHervé Laurent
ActiveMichel Hofman
ActivePeter Grognard
ActivePhilippe Waeytens,
ActiveSteen Soendergaard
ActiveSven Van Loo
ActiveThomas PARDOEN
ActiveTudor Prisecaru
ActiveEnded mandates
Ariadne Petridis
EndedDerrick Gosselin
EndedDirk Fransaer
EndedFrançois de Kerckhove d'Exaerde
EndedOther companies at this address
Chaussée de Waterloo 72 1640 Sint-Genesius-Rode| Company | CBE no. |
|---|---|
| 0806.954.777 |
Financials
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 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 15 months | 12 months | 12 months | 12 months |
| Filing date | 12/06/2026 | 10/06/2025 | 25/04/2024 | 21/04/2023 | 19/04/2022 | 11/01/2021 |
| General meeting | 22/05/2026 | 23/05/2025 | 19/04/2024 | 30/03/2023 | 31/03/2022 | 15/12/2020 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 7 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 22/05/2026 | 12/06/2026 | Dutch | |
| Full model | 31/12/2024 | 23/05/2025 | 10/06/2025 | Dutch | |
| Full model | 31/12/2023 | 19/04/2024 | 25/04/2024 | Dutch | |
| Full model | 30/09/2022 | 30/03/2023 | 21/04/2023 | Dutch | |
| Full model | 30/09/2021 | 31/03/2022 | 19/04/2022 | Dutch | |
| Full model | 30/09/2020 | 15/12/2020 | 11/01/2021 | Dutch | |
| Full model | 30/09/2019 | 10/12/2019 | 06/02/2020 | Dutch |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202510 active · 10 ended
Active mandates
Bryan WELLS
ActiveDerrick-Philippe GOSSELIN
ActiveHervé Laurent
ActiveMichel Hofman
ActivePeter Grognard
ActivePhilippe Waeytens,
ActiveSteen Soendergaard
ActiveSven Van Loo
ActiveThomas PARDOEN
ActiveTudor Prisecaru
ActiveEnded mandates
Ariadne Petridis
EndedDerrick Gosselin
EndedDirk Fransaer
EndedFrançois de Kerckhove d'Exaerde
EndedOwnership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Other01/09/2026WIJZIGING - BESLISSING VAN DE GEWONE ALGEMENE VERGARDERING
- Mandates21/01/2026ONTSLAGEN - BENOEMINGEN
- Mandates04/07/2025ONTSLAGEN - BENOEMINGEN
- Mandates21/01/2025ONTSLAGEN - BENOEMINGEN
- Mandates09/07/2024ONTSLAGEN - BENOEMINGEN
- Other19/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Other19/10/2023BOEKJAAR
- Mandates10/05/2023ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025128 k €↓
- 12/12/2025nominationMichel Hofman — RAAD VAN BESTUUR
- 12/12/2025nominationSteen Sgendergaard — RAAD VAN BESTUUR
- 12/12/2025reconductionGosselin Derrick-Philippe — RAAD VAN BESTUUR
- 12/12/2025reconductionGrognard Peter — RAAD VAN BESTUUR
- 12/12/2025reconductionLaurent Hervé — RAAD VAN BESTUUR
- 12/12/2025reconductionPardoen Thomas — RAAD VAN BESTUUR
- 12/12/2025reconductionPrisecaru Tudor — RAAD VAN BESTUUR
- 12/12/2025reconductionVan Loo Sven — RAAD VAN BESTUUR
- 12/12/2025reconductionWaeytens Philippe — RAAD VAN BESTUUR
- 12/12/2025reconductionWells Bryan — RAAD VAN BESTUUR
- 23/05/2025reconductionBaron Gosselin Derrick-Philippe — Raad van Bestuur
- 23/05/2025reconductionGrognard Peter — Raad van Bestuur
- 23/05/2025reconductionLaurent Hervé — Raad van Bestuur
- 23/05/2025reconductionPardoen Thomas — Raad van Bestuur
- 23/05/2025reconductionPetridis Ariadne — Raad van Bestuur
- 23/05/2025reconductionPrisecaru Tudor — Raad van Bestuur
- 23/05/2025reconductionVan Loo Sven — Raad van Bestuur
- 23/05/2025reconductionWaeytens Philippe — Raad van Bestuur
- 23/05/2025reconductionWells Bryan — Raad van Bestuur
- 16/05/2025nominationWaeytens — vicevoorzitter
- 18/04/2025nominationBryan Wells — voorzitter van de raad van bestuur
- 2024Annual accounts 2024265,5 k €↓
- 13/12/2024reconductionBaron Gosselin Derrick-Philippe — RAAD VAN BESTUUR
- 13/12/2024reconductionGrognard Peter — RAAD VAN BESTUUR
- 13/12/2024reconductionLaurent Hervé — RAAD VAN BESTUUR
- 13/12/2024reconductionPardoen Thomas — RAAD VAN BESTUUR
- 13/12/2024reconductionPetridis Ariadne — RAAD VAN BESTUUR
- 13/12/2024reconductionPrisecaru Tudor — RAAD VAN BESTUUR
- 13/12/2024reconductionVan Loo Sven — RAAD VAN BESTUUR
- 13/12/2024reconductionWaeytens Philippe — RAAD VAN BESTUUR
- 13/12/2024reconductionWells Bryan — RAAD VAN BESTUUR
- 19/04/2024reconductionBaron Gosselin Derrick-Philippe — Raad van Bestuur
- 19/04/2024reconductionGrognard Peter — Raad van Bestuur
- 19/04/2024reconductionLaurent Hervé — Raad van Bestuur
- 19/04/2024reconductionPardoen Thomas — Raad van Bestuur
- 19/04/2024reconductionPetridis Ariadne — Raad van Bestuur
- 19/04/2024reconductionPrisecaru Tudor — Raad van Bestuur
- 19/04/2024reconductionVan Loo Sven — Raad van Bestuur
- 19/04/2024reconductionWaeytens Philippe — Raad van Bestuur
- 19/04/2024reconductionWells Bryan — Raad van Bestuur
- 29/03/2024nominationPeter Grognard — Algemeen Directeur
- 2023Annual accounts 20231,4 M €↑
- 2022Annual accounts 2022-921 k €↓
- 2021Annual accounts 2021127,6 k €↓
- 2021Name changevon Karman Institute for Fluid Dynamics
- 2020Annual accounts 2020609,3 k €↓
- 2019Annual accounts 20195 M €
- 2019Name changeInstitut von Karman de Dynamique des Fluides
- 20/12/1956IncorporationInternational non-profit organization