ACTIVE

MIRTO

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Financial year 2025 · closed on 31/12/2025

Net result

-113,1 k €

+3.2% YoY

Revenue

6,6 M €

-3.5% YoY

Equity

5,1 M €

-2.5% YoY

Workforce

317,2 ETP

-1.3% YoY

What does MIRTO do?

MIRTO is a Non-profit organization incorporated in 1966. Its main activity is: Technical and vocational secondary education. Its registered office is in Gent. It employs on average 317,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.656.257

Incorporation

18/08/1966

Legal form

Non-profit organization

Registered office

Industriepark-Drongen 21
9031 Gent · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

317,2 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

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013
Income statement
Revenue	6,6 M €	-3.5%	6,8 M €	-0.3%	6,8 M €	-3.6%	7,1 M €	+7.0%	6,6 M €	+2.5%	6,5 M €	+6.1%	6,1 M €	+30.5%	4,7 M €	-1.1%	4,7 M €	+11.9%	4,2 M €	+5.4%	4 M €	+3.9%	3,9 M €
EBITDA	402,1 k €	+33.6%	300,9 k €	+1118%	-29,6 k €	-111%	279,5 k €	-17.1%	337 k €	-45.1%	613,8 k €	+171%	226,9 k €	-40.2%	379,5 k €	-17.6%	460,4 k €	+40.5%	327,8 k €	+15.5%	283,9 k €	+17.1%	242,4 k €
Operating result	-59,5 k €	+46.9%	-112 k €	+70.0%	-372,8 k €	-509%	-61,3 k €	-47.5%	-41,5 k €	-121%	200,5 k €	+188%	-227,9 k €	-237%	166 k €	-40.3%	278 k €	+153%	110 k €	+91.4%	57,4 k €	+165%	21,7 k €
Net result	-113,1 k €	+3.2%	-116,8 k €	+35.9%	-182,4 k €	-633%	34,2 k €	+162%	-55,5 k €	-129%	189,6 k €	+144%	-433,7 k €	-299%	218,3 k €	-62.6%	583,6 k €	+551%	89,7 k €	+58.1%	56,7 k €	+189%	19,6 k €
Balance sheet
Equity	5,1 M €	-2.5%	5,2 M €	-2.9%	5,3 M €	-3.4%	5,5 M €	+0.8%	5,5 M €	-1.8%	5,6 M €	+3.0%	5,4 M €	-10.8%	6,1 M €	+4.5%	5,8 M €	+11.2%	5,2 M €	+1.7%	5,1 M €	+1.1%	5,1 M €
Total assets	9,9 M €	-1.0%	10 M €	+14.7%	8,7 M €	+12.8%	7,7 M €	+1.6%	7,6 M €	-0.0%	7,6 M €	-2.1%	7,7 M €	+2.6%	7,5 M €	+4.0%	7,3 M €	+7.9%	6,7 M €	-1.4%	6,8 M €	+0.1%	6,8 M €
Cash	1,2 M €	+7.2%	1,1 M €	-18.6%	1,3 M €	-29.3%	1,9 M €	-14.1%	2,2 M €	-0.1%	2,2 M €	+214%	705,1 k €	+477%	122,2 k €	+56.5%	78,1 k €	-1.0%	78,9 k €	-48.1%	152,1 k €	+20.1%	126,7 k €
Debts	4,7 M €	+0.1%	4,7 M €	+45.3%	3,2 M €	+65.0%	2 M €	+3.6%	1,9 M €	+1.9%	1,8 M €	-14.4%	2,2 M €	+54.6%	1,4 M €	-0.5%	1,4 M €	-3.6%	1,5 M €	-10.5%	1,6 M €	-2.4%	1,7 M €
Other
Workforce	317,2 ETP	-1.3%	321,4 ETP	+0.1%	321,0 ETP	-0.7%	323,2 ETP	+3.0%	313,8 ETP	+2.8%	305,3 ETP	-1.7%	310,5 ETP	+97.6%	157,1 ETP	+2.4%	153,4 ETP	+3.2%	148,7 ETP	+1.5%	146,5 ETP	-1.5%	148,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 34 ended

Active mandates

Griet Van Durme

Director · since 21 mai 2025 · until 20 mai 2026

Active

Luc De Muynck

Director · since 20 décembre 2023 · until 20 mai 2026

Active

Franky De Saer

Chairman of the board of directors · since 07 décembre 2020 · until 20 mai 2026

Active

Geert Van De Woestyne

Director · since 07 décembre 2020 · until 20 mai 2026

Active

Johan Van Hoof

Director · since 07 décembre 2020 · until 20 mai 2026

Active

Petra Stofferis

Director · since 07 décembre 2020 · until 20 mai 2026

Active

Ended mandates

Franky De Saer

Chairman of the board of directors · since 01 juin 2024 · until 18 mai 2026

Ended

Luc De Muynck

Vice-chairman of the board of directors · since 01 juin 2024 · until 18 mai 2026

Ended

Leen De Jonghe

Director · since 20 décembre 2023 · until 18 mai 2026

Ended

Luc De Muynck

Director · since 20 décembre 2023 · until 18 mai 2026

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	26/05/2026	04/06/2025	27/05/2024	22/05/2023	23/05/2022	25/05/2021
General meeting	20/05/2026	21/05/2025	22/05/2024	15/05/2023	16/05/2022	17/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	20/05/2026	26/05/2026	Dutch	PDF
Full model	31/12/2024	21/05/2025	04/06/2025	Dutch	PDF
Full model	31/12/2023	22/05/2024	27/05/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	22/05/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	23/05/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	25/05/2021	Dutch	PDF
Full model	31/12/2019	29/06/2020	06/07/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	03/06/2019	Dutch	PDF
Full model	31/12/2017	26/03/2018	29/05/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	26/05/2017	Dutch	PDF
Full model	31/12/2015	23/05/2016	26/05/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	04/07/2015	Dutch	PDF
Full model	31/12/2013	25/03/2014	23/06/2014	Dutch	PDF
m140-f-p	31/12/2012	26/03/2013	19/06/2013	Dutch	PDF
m140-f-p	31/12/2011	29/03/2012	10/04/2012	Dutch	PDF
m140-f-p	31/12/2010	29/03/2011	20/04/2011	Dutch	PDF
m140-f-p	31/12/2009	30/03/2010	13/04/2010	Dutch	PDF
m140-f-p	31/12/2008	19/03/2009	14/07/2009	Dutch	PDF
m140-f-p	31/12/2007	29/04/2008	28/05/2008	Dutch	PDF
m140-f-p	31/12/2006	04/04/2007	14/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 34 ended

Active mandates

Griet Van Durme

Director · since 21 mai 2025 · until 20 mai 2026

Active

Luc De Muynck

Director · since 20 décembre 2023 · until 20 mai 2026

Active

Franky De Saer

Chairman of the board of directors · since 07 décembre 2020 · until 20 mai 2026

Active

Geert Van De Woestyne

Director · since 07 décembre 2020 · until 20 mai 2026

Active

Johan Van Hoof

Director · since 07 décembre 2020 · until 20 mai 2026

Active

Petra Stofferis

Director · since 07 décembre 2020 · until 20 mai 2026

Active

Ended mandates

Franky De Saer

Chairman of the board of directors · since 01 juin 2024 · until 18 mai 2026

Ended

Luc De Muynck

Vice-chairman of the board of directors · since 01 juin 2024 · until 18 mai 2026

Ended

Leen De Jonghe

Director · since 20 décembre 2023 · until 18 mai 2026

Ended

Luc De Muynck

Director · since 20 décembre 2023 · until 18 mai 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-113,1 k €↑
2024
Annual accounts 2024-116,8 k €↑
2023
Annual accounts 2023-182,4 k €↓
2022
Annual accounts 202234,2 k €↑
2021
Annual accounts 2021-55,5 k €↓
2020
Annual accounts 2020189,6 k €↑
2019
Annual accounts 2019-433,7 k €↓
2017
Annual accounts 2017218,3 k €↓
2016
Annual accounts 2016583,6 k €↑
2015
Annual accounts 201589,7 k €↑
2014
Annual accounts 201456,7 k €↑
2013
Annual accounts 201319,6 k €
18/08/1966
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

MIRTO

Overview

What does MIRTO do?

Trend over 12 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