ACTIVE

MIVAS

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result412 k €+117,4 %over 1 year

Revenue11,6 M €-6,6 %over 1 year

Equity28,1 M €+2,2 %over 1 year

Workforce634,6 ETP-1,0 %over 1 year

Identity

Source · BCE/KBO

MIVAS is a Non-profit organization incorporated in 1966. Its main activity is: Technical and vocational secondary education. Its registered office is in Lier. It employs on average 634,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0407.597.958
Incorporation: 07/04/1966
Legal form: Non-profit organization
Registered office: Plaslaar 41
2500 Lier · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 634,6 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, 20 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	11,6 M €	-6.6%	12,4 M €	+13.6%	10,9 M €	+4.8%	10,4 M €	+3.1%	10,1 M €
EBITDA	873,7 k €	-19.1%	1,1 M €	+1.1%	1,1 M €	+42.9%	747,8 k €	-66.4%	2,2 M €
Operating result	-162,9 k €	-605%	32,3 k €	-64.3%	90,4 k €	+131%	-295,7 k €	-128%	1,1 M €
Net result	412 k €	+117%	189,5 k €	-38.6%	308,8 k €	+166%	-464,4 k €	-141%	1,1 M €
Balance sheet
Equity	28,1 M €	+2.2%	27,5 M €	+0.6%	27,3 M €	+1.0%	27,1 M €	-1.9%	27,6 M €
Total assets	32 M €	+0.4%	31,8 M €	-0.2%	31,9 M €	+2.3%	31,2 M €	+3.1%	30,2 M €
Cash	7,2 M €	+62.9%	4,4 M €	-20.0%	5,5 M €	-20.2%	6,9 M €	-7.6%	7,5 M €
Debts	3,8 M €	-5.0%	4 M €	-9.8%	4,4 M €	+14.3%	3,9 M €	+62.4%	2,4 M €
Other
Workforce	634,6 ETP	-1.0%	641,0 ETP	+2.1%	628,0 ETP	+1.3%	620,0 ETP	+2.9%	602,3 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

6 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kurt Keirsmakers	Chairman of the board of directors29/05/2024 → 06/05/2028
Claudia De Moor	Director06/05/2024 → 06/05/2028
Els Dubois	Director06/05/2024 → 06/05/2028
Kurt Vereycken	Director06/05/2024 → 06/05/2028
Veerle Van Damme	Director06/05/2024 → 06/05/2028
Annemie Cornille	Director24/03/2016 → 27/04/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dominic Van Oosterwyck	Director06/05/2024 → 15/07/2024
Bart Iliaens	Director27/04/2022 → 2023 accounts
Carl Van den Eynde	Director27/04/2022 → 30/11/2022

Other companies at this address

Plaslaar 41 2500 Lier

Company	CBE no.
Duwijckpark● Active	0880.707.144
PARTNERS IN MAATWERK● Active	0657.969.410

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	24/06/2026	18/06/2025	03/06/2024	30/05/2023	23/05/2022	22/06/2021
General meeting	27/05/2026	07/05/2025	06/05/2024	10/05/2023	27/04/2022	16/06/2021
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

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/05/2026	24/06/2026	Dutch	PDF
Full model	31/12/2024	07/05/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	06/05/2024	03/06/2024	Dutch	PDF
Full model	31/12/2022	10/05/2023	30/05/2023	Dutch	PDF
Full model	31/12/2021	27/04/2022	23/05/2022	Dutch	PDF
Full model	31/12/2020	16/06/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	28/03/2019	02/04/2019	Dutch	PDF
Full model	31/12/2017	29/03/2018	05/04/2018	Dutch	PDF
Full model	31/12/2016	23/03/2017	05/04/2017	Dutch	PDF
Full model	31/12/2015	24/03/2016	11/04/2016	Dutch	PDF
Full model	31/12/2014	25/03/2015	30/03/2015	Dutch	PDF
Full model	31/12/2013	26/03/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	27/03/2013	26/04/2013	Dutch	PDF
Full model	31/12/2011	28/03/2012	22/05/2012	Dutch	PDF
Full model	31/12/2010	30/03/2011	02/05/2011	Dutch	PDF
Full model	31/12/2009	31/03/2010	11/05/2010	Dutch	PDF
Full model	31/12/2008	25/03/2009	04/05/2009	Dutch	PDF
Full model	31/12/2007	26/03/2008	29/09/2008	Dutch	PDF
Full model	31/12/2006	21/03/2007	10/04/2007	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

6 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kurt Keirsmakers	Chairman of the board of directors29/05/2024 → 06/05/2028
Claudia De Moor	Director06/05/2024 → 06/05/2028
Els Dubois	Director06/05/2024 → 06/05/2028
Kurt Vereycken	Director06/05/2024 → 06/05/2028
Veerle Van Damme	Director06/05/2024 → 06/05/2028
Annemie Cornille	Director24/03/2016 → 27/04/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dominic Van Oosterwyck	Director06/05/2024 → 15/07/2024
Bart Iliaens	Director27/04/2022 → 2023 accounts
Carl Van den Eynde	Director27/04/2022 → 30/11/2022

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/09/2026
Benoeming en herbenoeming bestuurders
PDF
Mandates19/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

Filings16 filings

Mandates

Kurt Keirsmakers

Veerle Van Damme

Claudia De Moor

Kurt Vereycken

Els Dubois

Annemie Cornille

Dominic Van Oosterwyck

Monique Op de Beeck

Leo Mertens

Bart Iliaens

Carl Van den Eynde

Guido Goegebeur

Show the 7 other mandates

196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

MIVASMinder-Validen Arbeiden Samen

Plaslaar 41, 2500 Lier

Chairman of the board of directors

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Plaslaar 41, 2500 LierCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00193282

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MIVASCurrent	accounts 2015 → 2025	Accounts 2025 · 2026-00193282
Minder-Validen Arbeiden Samen	accounts 2007 → 2013	Accounts 2013 · 2014-25300339

Events

2025
Annual accounts 2025412 k €↑
2024
Annual accounts 2024189,5 k €↓
2023
Annual accounts 2023308,8 k €↑
2022
Annual accounts 2022-464,4 k €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020996,5 k €↑
2019
Annual accounts 2019514,9 k €↑
2018
Annual accounts 2018-597,3 k €↓
2017
Annual accounts 2017551,9 k €↓
2016
Annual accounts 20161 M €↓
2015
Annual accounts 20151,3 M €↑
2015
Name changeMIVAS
2013
Annual accounts 2013-371,5 k €↓
2012
Annual accounts 201247,7 k €↓
2011
Annual accounts 2011821,2 k €↑
2010
Annual accounts 2010324,8 k €↓
2007
Annual accounts 20071,3 M €
07/04/1966
IncorporationNon-profit organization

MIVAS

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