ACTIVE

Le Trait d'Union

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Financial year 2025 · closed on 31/12/2025

Net result

273 k €

-54.5% YoY

Revenue

5,4 M €

+0.5% YoY

Equity

9,7 M €

+2.5% YoY

Workforce

328,2 ETP

+3.6% YoY

What does Le Trait d'Union do?

Le Trait d'Union is a Non-profit organization incorporated in 1969. Its registered office is in Mouscron. It employs on average 328,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.638.243

Incorporation

13/11/1969

Legal form

Non-profit organization

Registered office

Boulevard de l'Eurozone 3
7700 Mouscron · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

328,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	5,4 M €	+0.5%	5,3 M €	+0.2%	5,3 M €	+11.8%	4,8 M €	+7.8%	4,4 M €	+21.8%	3,6 M €	-20.3%	4,6 M €	+7.7%	4,2 M €	+10.8%	3,8 M €	+17.7%	3,2 M €	+10.3%	2,9 M €	+9.2%	2,7 M €	+15.7%	2,3 M €	-3.4%	2,4 M €	+9.3%	2,2 M €	+2.9%	2,1 M €
EBITDA	740,6 k €	-30.0%	1,1 M €	+49.5%	707,7 k €	+32.7%	533,4 k €	-24.0%	701,9 k €	-5.2%	740,4 k €	+47.5%	502 k €	-30.9%	726,7 k €	+33.7%	543,5 k €	-19.0%	670,7 k €	+4.1%	644,2 k €	+199%	215,7 k €	-40.9%	364,8 k €	-17.9%	444,2 k €	+6.7%	416,2 k €	+6.4%	391,1 k €
Operating result	220,9 k €	-57.9%	525,2 k €	+171%	194,1 k €	+253%	55 k €	-76.6%	234,4 k €	+84.4%	127,2 k €	+17.8%	107,9 k €	-71.3%	376,2 k €	+64.4%	228,8 k €	-39.5%	378,2 k €	+12.2%	337,1 k €	+470%	-91 k €	-183%	110,1 k €	-43.0%	193,1 k €	+10.4%	175 k €	+12.3%	155,9 k €
Net result	273 k €	-54.5%	599,9 k €	+124%	267,8 k €	+133%	114,7 k €	-61.6%	298,8 k €	+49.7%	199,5 k €	+5.0%	190 k €	-61.1%	488,2 k €	+49.7%	326,1 k €	-35.0%	502,1 k €	+10.4%	454,9 k €	+297%	114,6 k €	-69.3%	372,7 k €	-11.4%	420,5 k €	+33.7%	314,4 k €	+33.3%	235,9 k €
Balance sheet
Equity	9,7 M €	+2.5%	9,5 M €	+6.1%	8,9 M €	+2.4%	8,7 M €	+0.6%	8,7 M €	+2.8%	8,4 M €	+1.7%	8,3 M €	+1.7%	8,1 M €	+5.4%	7,7 M €	+3.5%	7,5 M €	+5.9%	7 M €	+5.6%	6,7 M €	+1.2%	6,6 M €	+6.8%	6,2 M €	+7.0%	5,8 M €	+5.6%	5,5 M €
Total assets	11,1 M €	-3.0%	11,5 M €	+7.4%	10,7 M €	-0.8%	10,8 M €	+3.7%	10,4 M €	+5.9%	9,8 M €	+2.5%	9,5 M €	-0.7%	9,6 M €	+6.1%	9,1 M €	+8.7%	8,3 M €	+7.9%	7,7 M €	+4.2%	7,4 M €	+3.8%	7,1 M €	+4.0%	6,9 M €	+2.0%	6,7 M €	+0.8%	6,7 M €
Cash	2,1 M €	-10.1%	2,3 M €	+107%	1,1 M €	-37.9%	1,8 M €	+13.7%	1,6 M €	+5.9%	1,5 M €	-30.4%	2,2 M €	-8.9%	2,4 M €	+7.2%	2,2 M €	+30.7%	1,7 M €	+57.1%	1,1 M €	+51.9%	710,8 k €	+28.4%	553,4 k €	-1.6%	562,2 k €	-31.5%	821,3 k €	+31.4%	625,1 k €
Debts	1,1 M €	-10.7%	1,3 M €	-18.1%	1,6 M €	-21.8%	2 M €	+41.0%	1,4 M €	+16.7%	1,2 M €	+7.8%	1,1 M €	-9.2%	1,2 M €	+5.4%	1,2 M €	+38.1%	851,7 k €	+29.8%	656,1 k €	-8.4%	716,6 k €	+35.8%	527,6 k €	-21.8%	674,6 k €	-28.7%	945,9 k €	-22.2%	1,2 M €
Other
Workforce	328,2 ETP	+3.6%	316,8 ETP	-2.4%	324,7 ETP	+2.8%	316,0 ETP	+6.5%	296,8 ETP	-2.8%	305,5 ETP	-0.8%	308,1 ETP	+3.6%	297,3 ETP	+4.5%	284,4 ETP	+14.3%	248,8 ETP	+9.7%	226,8 ETP	+5.2%	215,6 ETP	+13.5%	189,9 ETP	+3.8%	183,0 ETP	+4.1%	175,8 ETP	+3.5%	169,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 19 ended

Active mandates

Victor LECLERCQ

Chairman of the board of directors · since 22 avril 2026

Active

Kathy LOCQUET

Director · since 27 février 2025

Active

Kathy VALCKE

Chairman of the board of directors · since 27 février 2025 · until 11 mars 2026

Active

Patrick VANNESTE

Director · since 27 février 2025

Active

Ruddy VYNCKE

Director · since 27 février 2025

Active

Véronique LOOF

Vice-chairman of the board of directors · since 27 février 2025

Active

Ended mandates

Kathy VALCKE

Chairman of the board of directors · since 27 février 2025

Ended

Véronique LOOF

Director · since 27 février 2025

Ended

Benoit SEGARD

Chairman of the board of directors · since 06 juin 2019

Ended

Kathy LOCQUET

Director · since 06 juin 2019

Ended

Annual accounts

Full financial information

	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	22/07/2026	07/07/2025	01/07/2024	29/06/2023	26/07/2022	12/08/2021
General meeting	25/06/2026	26/06/2025	13/06/2024	25/05/2023	02/06/2022	03/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	22/07/2026	French	PDF
Full model	31/12/2024	26/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	13/06/2024	01/07/2024	French	PDF
Full model	31/12/2022	25/05/2023	29/06/2023	French	PDF
Full model	31/12/2021	02/06/2022	26/07/2022	French	PDF
Full model	31/12/2020	03/06/2021	12/08/2021	French	PDF
Full model	31/12/2019	02/07/2020	07/07/2020	French	PDF
Full model	31/12/2018	06/06/2019	31/07/2019	French	PDF
Full model	31/12/2017	07/06/2018	30/07/2018	French	PDF
Full model	31/12/2016	08/06/2017	28/07/2017	French	PDF
Full model	31/12/2015	09/06/2016	11/07/2016	French	PDF
Full model	31/12/2014	04/06/2015	23/07/2015	French	PDF
Full model	31/12/2013	05/06/2014	28/08/2014	French	PDF
Full model	31/12/2012	30/05/2013	08/07/2013	French	PDF
Full model	31/12/2011	13/06/2012	28/08/2012	French	PDF
Full model	31/12/2010	23/06/2011	29/08/2011	French	PDF
m140-f-p	31/12/2009	24/06/2010	09/06/2011	French	PDF
m140-f-p	31/12/2008	14/07/2009	09/06/2011	French	PDF
m140-f-p	31/12/2007	28/05/2008	09/06/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 19 ended

Active mandates

Victor LECLERCQ

Chairman of the board of directors · since 22 avril 2026

Active

Kathy LOCQUET

Director · since 27 février 2025

Active

Kathy VALCKE

Chairman of the board of directors · since 27 février 2025 · until 11 mars 2026

Active

Patrick VANNESTE

Director · since 27 février 2025

Active

Ruddy VYNCKE

Director · since 27 février 2025

Active

Véronique LOOF

Vice-chairman of the board of directors · since 27 février 2025

Active

Ended mandates

Kathy VALCKE

Chairman of the board of directors · since 27 février 2025

Ended

Véronique LOOF

Director · since 27 février 2025

Ended

Benoit SEGARD

Chairman of the board of directors · since 06 juin 2019

Ended

Kathy LOCQUET

Director · since 06 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates08/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates01/04/2025
DEMISSIONS, NOMINATIONS
PDF
Other18/12/2024
OBJET - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates21/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates21/11/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates24/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2015
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025273 k €↓
2024
Annual accounts 2024599,9 k €↑
2023
Annual accounts 2023267,8 k €↑
2022
Annual accounts 2022114,7 k €↓
2021
Annual accounts 2021298,8 k €↑
2020
Annual accounts 2020199,5 k €↑
2019
Annual accounts 2019190 k €↓
2018
Annual accounts 2018488,2 k €↑
2017
Annual accounts 2017326,1 k €↓
2016
Annual accounts 2016502,1 k €↑
2015
Annual accounts 2015454,9 k €↑
2014
Annual accounts 2014114,6 k €↓
2013
Annual accounts 2013372,7 k €↓
2012
Annual accounts 2012420,5 k €↑
2011
Annual accounts 2011314,4 k €↑
2010
Annual accounts 2010235,9 k €
13/11/1969
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Le Trait d'Union

Overview

What does Le Trait d'Union do?

Trend over 16 financial years

Indicative valuation

Board of directors

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