ACTIVE

Esperanto

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Financial year 2025 · closed on 31/12/2025

Net result

-29,3 k €

+22.7% YoY

Gross margin

4,2 M €

+6.3% YoY

Equity

148,9 k €

+1.7% YoY

Workforce

61,5 ETP

-3.3% YoY

What does Esperanto do?

Esperanto is a Organization of public centres for social welfare incorporated in 2002. Its main activity is: Other residential care activities. Its registered office is in Chimay. It employs on average 61,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0409.507.769

Incorporation

23/12/2002

Legal form

Organization of public centres for social welfare

Registered office

Chaussée de Couvin(CH) 36
6460 Chimay · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

61,5 ETP

Activities (NACE)

87901Other residential care activities· main 87991Other residential care activities

Contacts

1 public detail availableLog in to view

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	4,2 M €	+6.3%	4 M €	+18.3%	3,4 M €	+17.3%	2,9 M €	+13.0%	2,5 M €	+6.8%	2,4 M €	+1.5%	2,3 M €	+6.5%	2,2 M €	+3.1%	2,1 M €	+12.5%	1,9 M €	+51.7%	1,2 M €	+1.6%	1,2 M €	-1.1%	1,2 M €	+13.0%	1,1 M €	+2.3%	1,1 M €	+1.2%	1,1 M €	+4.5%	1 M €
EBITDA	95,4 k €	+5565%	-1,7 k €	-69.0%	-1 k €	-108%	13,3 k €	-39.3%	21,9 k €	+1012%	-2,4 k €	-109%	28 k €	+166%	-42,1 k €	-232%	31,9 k €	+269%	8,7 k €	-52.1%	18,1 k €	-15.6%	21,4 k €	+363%	-8,1 k €	-62.5%	-5 k €	+62.8%	-13,4 k €	+39.0%	-22 k €	+4.7%	-23,1 k €
Operating result	-33,3 k €	+32.5%	-49,3 k €	-116%	-22,8 k €	-138%	-9,6 k €	-131%	-4,1 k €	+25.0%	-5,5 k €	-517%	-893,2 €	+98.8%	-75,4 k €	-1211%	6,8 k €	+139%	-17,3 k €	-1663%	1,1 k €	-90.2%	11,3 k €	+157%	-19,9 k €	-29.5%	-15,4 k €	+35.0%	-23,6 k €	+18.9%	-29,2 k €	+4.5%	-30,5 k €
Net result	-29,3 k €	+22.7%	-38 k €	-94.7%	-19,5 k €	-101%	-9,7 k €	-125%	-4,3 k €	+41.1%	-7,3 k €	-220%	6,1 k €	-62.4%	16,2 k €	+108%	7,8 k €	-82.9%	45,5 k €	+653%	6 k €	-63.1%	16,4 k €	+384%	-5,8 k €	-29.1%	-4,5 k €	-867%	580,7 €	+102%	-26,6 k €	-1133%	2,6 k €
Balance sheet
Equity	148,9 k €	+1.7%	146,5 k €	+86.7%	78,4 k €	-40.5%	131,7 k €	-34.9%	202,5 k €	+9.6%	184,7 k €	-0.7%	186 k €	+14.4%	162,6 k €	+24.2%	130,9 k €	+6.3%	123,1 k €	+155%	48,2 k €	+29.7%	37,2 k €	+166%	14 k €	-5.1%	14,7 k €	+3.8%	14,2 k €	+175%	-18,8 k €	-1111%	1,9 k €
Total assets	1,5 M €	+15.3%	1,3 M €	+7.8%	1,2 M €	+0.9%	1,2 M €	+9.6%	1,1 M €	+2.2%	1,1 M €	-2.8%	1,1 M €	+26.6%	876,7 k €	+8.5%	807,8 k €	-13.7%	936,4 k €	+32.8%	704,9 k €	+9.8%	641,9 k €	+7.1%	599,4 k €	+1.0%	593,5 k €	+3.6%	573,1 k €	+280%	150,6 k €	-15.6%	178,5 k €
Cash	698,3 k €	+7.6%	648,9 k €	-17.9%	790,8 k €	+321%	187,9 k €	-67.3%	574,1 k €	-5.8%	609,1 k €	+17.7%	517,4 k €	+9.4%	472,9 k €	+3.0%	459,1 k €	-32.9%	684,4 k €	+17.9%	580,5 k €	+17.6%	493,7 k €	-5.8%	523,8 k €	+0.4%	521,9 k €	+47.5%	353,8 k €	+754%	41,4 k €	-67.5%	127,4 k €
Debts	1 M €	-13.7%	1,2 M €	+12.9%	1 M €	+7.2%	957,7 k €	+7.9%	887,3 k €	+10.7%	801,8 k €	+6.1%	755,5 k €	+15.7%	653 k €	+11.6%	585 k €	-21.6%	746,4 k €	+36.6%	546,5 k €	+6.6%	512,6 k €	-7.7%	555,2 k €	+33.7%	415,2 k €	-18.6%	510,1 k €	+201%	169,4 k €	-1.2%	171,5 k €
Other
Workforce	61,5 ETP	-3.3%	63,6 ETP	+20.0%	53,0 ETP	+13.0%	46,9 ETP	+1.3%	46,3 ETP	+6.4%	43,5 ETP	-5.0%	45,8 ETP	+1.3%	45,2 ETP	+2.3%	44,2 ETP	+15.1%	38,4 ETP	+41.7%	27,1 ETP	+9.7%	24,7 ETP	-0.4%	24,8 ETP	-6.8%	26,6 ETP	+8.1%	24,6 ETP	+3.4%	23,8 ETP	-11.5%	26,9 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 · 28 ended

Active mandates

Joël Larcin

Director · since 18 décembre 2025

Active

Daniel Vandenavenne

Vice-chairman of the board of directors · since 20 février 2025

Active

Nathalie Chomy

Director · since 20 février 2025

Active

Sophie Van Langendijck

Director · since 20 février 2025

Active

Valérie Wiels

Director · since 25 septembre 2018 · until 18 décembre 2025

Active

Denis Xhrouet

Chairman of the board of directors · since 29 mai 2018

Active

Ended mandates

Christine Tesmer-Thibaut

Director · since 16 mai 2022 · until 20 février 2025

Ended

Christine Tesmer-Thibaut

Director · since 16 mai 2022

Ended

Frédéric Piraux

Vice-chairman of the board of directors · since 06 juin 2019 · until 20 février 2025

Ended

Frédéric Piraux

Vice-chairman of the board of directors · since 06 juin 2019

Ended

At this address

Other companies at this address

Company	CBE no.
Le Chemin Vert● Active	0409.942.685

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/06/2026	26/06/2025	26/06/2024	01/06/2023	27/06/2022	27/05/2021
General meeting	29/06/2026	18/06/2025	24/06/2024	31/05/2023	23/06/2022	10/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	18/06/2025	26/06/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	26/06/2024	French	PDF
Abridged model	31/12/2022	31/05/2023	01/06/2023	French	PDF
Abridged model	31/12/2021	23/06/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	10/05/2021	27/05/2021	French	PDF
Abridged model	31/12/2019	11/06/2020	12/06/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	11/06/2019	French	PDF
Abridged model	31/12/2017	29/05/2018	05/06/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	23/06/2015	25/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	30/06/2014	French	PDF
Abridged model	31/12/2012	17/06/2013	07/05/2014	French	PDF
Abridged model	31/12/2011	12/06/2012	20/06/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	20/06/2012	French	PDF
Abridged model	31/12/2009	19/05/2010	07/06/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	02/07/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	22/07/2008	French	PDF
Abridged modelCorrection	31/12/2006	07/05/2007	16/07/2007	French	PDF
Abridged model	31/12/2006	07/05/2007	06/06/2007	French	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 · 28 ended

Active mandates

Joël Larcin

Director · since 18 décembre 2025

Active

Daniel Vandenavenne

Vice-chairman of the board of directors · since 20 février 2025

Active

Nathalie Chomy

Director · since 20 février 2025

Active

Sophie Van Langendijck

Director · since 20 février 2025

Active

Valérie Wiels

Director · since 25 septembre 2018 · until 18 décembre 2025

Active

Denis Xhrouet

Chairman of the board of directors · since 29 mai 2018

Active

Ended mandates

Christine Tesmer-Thibaut

Director · since 16 mai 2022 · until 20 février 2025

Ended

Christine Tesmer-Thibaut

Director · since 16 mai 2022

Ended

Frédéric Piraux

Vice-chairman of the board of directors · since 06 juin 2019 · until 20 février 2025

Ended

Frédéric Piraux

Vice-chairman of the board of directors · since 06 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other19/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates09/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates05/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates05/07/2019
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 2025-29,3 k €↑
2024
Annual accounts 2024-38 k €↓
2023
Annual accounts 2023-19,5 k €↓
2022
Annual accounts 2022-9,7 k €↓
2021
Annual accounts 2021-4,3 k €↑
2021
Name changeASSOCIATION CHAPITRE 12 ESPERANTO
2020
Annual accounts 2020-7,3 k €↓
2019
Annual accounts 20196,1 k €↓
2018
Annual accounts 201816,2 k €↑
2017
Annual accounts 20177,8 k €↓
2016
Annual accounts 201645,5 k €↑
2014
Annual accounts 20146 k €↓
2013
Annual accounts 201316,4 k €↑
2012
Annual accounts 2012-5,8 k €↓
2011
Annual accounts 2011-4,5 k €↓
2010
Annual accounts 2010580,7 €↑
2009
Annual accounts 2009-26,6 k €↓
2008
Annual accounts 20082,6 k €
2008
Name changeEsperanto
23/12/2002
IncorporationOrganization of public centres for social welfare

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

Esperanto

Overview

What does Esperanto do?

Trend over 17 financial years

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