ACTIVE

Village N°3 - MANUPAL

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Financial year 2025 · Closed on 31/12/2025

Net result1,7 M €+98,4 %over 1 year

Revenue21,6 M €+41,0 %over 1 year

Equity18,2 M €+10,0 %over 1 year

Workforce153,2 ETP-1,0 %over 1 year

Identity

Source · BCE/KBO

Village N°3 - MANUPAL is a Non-profit organization incorporated in 1965. Its registered office is in Ciney. It employs on average 153,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0407.763.749
Incorporation: 12/10/1965
Legal form: Non-profit organization
Registered office: Rue du Parc Industriel d'Achêne 33
5590 Ciney · WallonieSee on map
Latest accounts: 31/12/2025
Average workforce: 153,2 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 4 financial years

	2025		2024		2023		2022
Income statement
Revenue	21,6 M €	+41.0%	15,3 M €	+15.4%	13,3 M €	+3.4%	12,9 M €
EBITDA	3,5 M €	+56.9%	2,2 M €	+11.1%	2 M €	+20.1%	1,7 M €
Operating result	1,6 M €	+105%	800,3 k €	-7.9%	868,7 k €	+26.6%	686,1 k €
Net result	1,7 M €	+98.4%	849 k €	-2.6%	871,4 k €	+19.9%	726,9 k €
Balance sheet
Equity	18,2 M €	+10.0%	16,6 M €	+5.2%	15,8 M €	+5.6%	14,9 M €
Total assets	25 M €	+5.6%	23,7 M €	+0.9%	23,5 M €	+11.1%	21,1 M €
Cash	1,9 M €	-40.3%	3,2 M €	-7.7%	3,5 M €	+12.3%	3,1 M €
Debts	6,7 M €	-5.0%	7,1 M €	-7.7%	7,7 M €	+24.4%	6,2 M €
Other
Workforce	153,2 ETP	-1.0%	154,8 ETP	+10.5%	140,1 ETP	+4.0%	134,7 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

9 active · 12 ended

Active mandates

Marc BAURAIND

Director · since 28 avril 2023 · until 27 avril 2029

Active

Isabelle GOOS

Director · since 29 avril 2022 · until 28 avril 2028

Active

Alfons SPAEPEN

Director · since 25 juin 2021 · until 24 juin 2027

Active

Danielle ELIAS

Director · since 25 juin 2021 · until 24 juin 2027

Active

Gladis STAQUET

Director · since 25 juin 2021 · until 24 juin 2027

Active

Jean-Pierre DAVIN

Director · since 25 juin 2021 · until 24 juin 2027

Active

José BEUGNIER

Director · since 25 juin 2021 · until 24 juin 2027

Active

Joseph DETHY

Chairman of the board of directors · since 25 juin 2021 · until 24 juin 2027

Active

Wilma KUYPERS

Director · since 25 juin 2021 · until 24 juin 2027

Active

Ended mandates

Isabelle GOOS

Director · since 24 avril 2022 · until 29 avril 2028

Ended

Adrien HUART

Director · since 25 juin 2021 · until 24 juin 2027

Ended

Franz BRASSELLE

Director · since 25 juin 2021 · until 24 juin 2027

Ended

José BEUGNIER

Director · since 25 juin 2021 · until 25 juin 2027

Ended

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	02/09/2026	11/07/2025	09/04/2024	13/10/2023	08/06/2022	24/06/2021
General meeting	27/03/2026	24/04/2025	29/03/2024	07/04/2023	15/04/2022	26/03/2021
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	27/03/2026	02/09/2026	French	PDF
Full model	31/12/2024	24/04/2025	11/07/2025	French	PDF
Full model	31/12/2023	29/03/2024	09/04/2024	French	PDF
Full model	31/12/2022	07/04/2023	13/10/2023	French	PDF
Full model	31/12/2021	15/04/2022	08/06/2022	French	PDF
Full model	31/12/2020	26/03/2021	24/06/2021	French	PDF
Full model	31/12/2019	19/06/2020	28/09/2020	French	PDF
Full model	31/12/2018	29/03/2019	08/04/2019	French	PDF
Full model	31/12/2017	04/05/2018	18/05/2018	French	PDF
Full model	31/12/2016	28/04/2017	10/05/2017	French	PDF
Full model	31/12/2015	27/04/2016	04/05/2016	French	PDF
Full model	31/12/2014	23/04/2015	26/06/2015	French	PDF
Full modelCorrection	31/12/2013	24/04/2014	14/08/2014	French	PDF
Full model	31/12/2013	24/04/2014	23/05/2014	French	PDF
Full model	31/12/2012	25/04/2013	28/05/2013	French	PDF
Full model	31/12/2011	26/04/2012	24/05/2012	French	PDF
Full model	31/12/2010	26/05/2011	23/06/2011	French	PDF
Full model	31/12/2009	15/04/2010	23/08/2010	French	PDF
Full model	31/12/2008	22/04/2009	26/05/2009	French	PDF
Full model	31/12/2007	17/04/2008	03/06/2008	French	PDF
m140-f-p	31/12/2006	19/04/2007	31/05/2007	French	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

9 active · 12 ended

Active mandates

Marc BAURAIND

Director · since 28 avril 2023 · until 27 avril 2029

Active

Isabelle GOOS

Director · since 29 avril 2022 · until 28 avril 2028

Active

Alfons SPAEPEN

Director · since 25 juin 2021 · until 24 juin 2027

Active

Danielle ELIAS

Director · since 25 juin 2021 · until 24 juin 2027

Active

Gladis STAQUET

Director · since 25 juin 2021 · until 24 juin 2027

Active

Jean-Pierre DAVIN

Director · since 25 juin 2021 · until 24 juin 2027

Active

José BEUGNIER

Director · since 25 juin 2021 · until 24 juin 2027

Active

Joseph DETHY

Chairman of the board of directors · since 25 juin 2021 · until 24 juin 2027

Active

Wilma KUYPERS

Director · since 25 juin 2021 · until 24 juin 2027

Active

Ended mandates

Isabelle GOOS

Director · since 24 avril 2022 · until 29 avril 2028

Ended

Adrien HUART

Director · since 25 juin 2021 · until 24 juin 2027

Ended

Franz BRASSELLE

Director · since 25 juin 2021 · until 24 juin 2027

Ended

José BEUGNIER

Director · since 25 juin 2021 · until 25 juin 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/07/2021
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates29/11/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates29/05/2017
DEMISSIONS, NOMINATIONS
PDF

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

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Timeline

2025
Annual accounts 20251,7 M €↑
2024
Annual accounts 2024849 k €↓
2023
Annual accounts 2023871,4 k €↑
2022
Annual accounts 2022726,9 k €
12/10/1965
IncorporationNon-profit organization

Village N°3 - MANUPAL

Overview

Identity

Financials

Valuation

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

Timeline