ACTIVE

S-PLUS

Financial year 2025 · closed on 31/12/2025
Net result
-33,2 k €
+66.9% YoY
Revenue
1,1 M €
Equity
414,8 k €
-7.4% YoY
Workforce
38,6 ETP
-0.8% YoY

What does S-PLUS do?

S-PLUS is a Non-profit organization incorporated in 1961. Its main activity is: Activities of other membership organisations n.e.c.. Its registered office is in Bruxelles. It employs on average 38,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0409.572.206
Incorporation
09/12/1961
Legal form
Non-profit organization
Registered office
Rue Saint-Jean 32
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
38,6 ETP
Signals
Good liquidityHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021201920182017201620152014201320122011201020092008
Income statement
Revenue1,1 M €470,1 k €296,7 k €282,4 k €201,9 k €233,6 k €
EBITDA-28,1 k €-94,4 k €-246,3 k €-3,6 k €-93,3 k €51,2 k €379,2 €-109,6 k €-107 k €-189,1 k €-87,1 k €38 k €-120,4 k €68,9 k €205 k €79,4 k €17,4 k €
Operating result-29,6 k €-96,3 k €-248,1 k €-4,7 k €-94,8 k €48,3 k €-2,4 k €-112,9 k €-114,8 k €-196,3 k €-98,4 k €26,7 k €-130,8 k €59,8 k €196,7 k €73,9 k €11 k €
Net result-33,2 k €-100,4 k €-252,5 k €-12 k €-103,2 k €48,1 k €-2,8 k €-113,5 k €-115,3 k €-195,9 k €-96 k €29,1 k €-123,9 k €70,9 k €207 k €80,6 k €33,7 k €
Balance sheet
Equity414,8 k €448 k €548,4 k €800,9 k €813 k €547,2 k €499,1 k €501,9 k €615,4 k €730,7 k €926,5 k €1 M €993,4 k €1,1 M €1 M €839,4 k €758,9 k €
Total assets1,5 M €1,4 M €1,5 M €2 M €2,1 M €1,1 M €1,4 M €1,3 M €2,4 M €1,6 M €1,8 M €1,7 M €1,5 M €1,6 M €1,5 M €1,3 M €1,2 M €
Cash619,4 k €787,1 k €1 M €1,1 M €1,5 M €345,3 k €279,5 k €309,9 k €776,6 k €784,5 k €730 k €834,9 k €594,7 k €718,3 k €584,8 k €719,5 k €674,7 k €
Debts850,6 k €744,8 k €838,6 k €947,6 k €1 M €556,2 k €788,9 k €716,4 k €860,8 k €752,3 k €725,1 k €570,4 k €531,4 k €427,3 k €456,7 k €483,1 k €461,6 k €
Other
Workforce38,6 ETP38,9 ETP37,8 ETP37,8 ETP40,3 ETP36,9 ETP37,6 ETP39,3 ETP40,4 ETP40,2 ETP41,0 ETP37,2 ETP38,7 ETP40,0 ETP40,9 ETP41,1 ETP41,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 61 ended

Active mandates

Jaak De Pauw

Director · since 25 novembre 2025

Active
Hans Heyndels

Director · since 11 mars 2025

Active
Paul Put

Director · since 11 mars 2025

Active
Ruben Schoonackers

Director · since 01 janvier 2025

Active
Maaike Geryl

Director · since 26 novembre 2024

Active
Nadine Malyster

Director · since 26 mars 2024

Active
Armand Ghysens

Director

Active
Christel Geerts

Director

Active
Herman De Loor

Director

Active
Ivan Gardedieu

Director

Active
Jos Bertrand

Director

Active
Leona Detiège

Chairman of the board of directors

Active
Ronald Goossens

Director

Active

Ended mandates

Lieven Meert

Director · since 01 janvier 2024 · until 31 décembre 2024

Ended
Stefan Damen

Director · since 16 septembre 2020

Ended
Alain André

Director

Ended
Boudewijn D'Haese

Director

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/05/202604/07/202513/05/202420/04/202326/04/202220/04/2021
General meeting23/03/202625/03/202526/03/202428/03/202329/03/202229/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202523/03/202607/05/2026DutchPDF
Abridged model31/12/202425/03/202504/07/2025DutchPDF
Abridged model31/12/202326/03/202413/05/2024DutchPDF
Abridged model31/12/202228/03/202320/04/2023DutchPDF
Abridged model31/12/202129/03/202226/04/2022DutchPDF
Abridged model31/12/202029/03/202120/04/2021DutchPDF
Abridged model31/12/201930/03/202005/05/2020DutchPDF
Abridged model31/12/201826/03/201923/04/2019DutchPDF
Abridged model31/12/201726/03/201816/04/2018DutchPDF
Abridged model31/12/201627/03/201704/04/2017DutchPDF
Abridged model31/12/201524/03/201614/04/2016DutchPDF
Abridged model31/12/201423/03/201513/04/2015DutchPDF
Abridged model31/12/201317/03/201414/04/2014DutchPDF
Abridged model31/12/201214/03/201316/04/2013DutchPDF
Abridged model31/12/201120/03/201202/04/2012DutchPDF
Abridged model31/12/201023/03/201113/04/2011DutchPDF
Abridged model31/12/200925/03/201008/04/2010DutchPDF
Abridged model31/12/200824/03/200915/04/2009DutchPDF
Abridged model31/12/200727/03/200810/04/2008DutchPDF
Abridged model31/12/200627/03/200730/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 13 active · 61 ended

Active mandates

Jaak De Pauw

Director · since 25 novembre 2025

Active
Hans Heyndels

Director · since 11 mars 2025

Active
Paul Put

Director · since 11 mars 2025

Active
Ruben Schoonackers

Director · since 01 janvier 2025

Active
Maaike Geryl

Director · since 26 novembre 2024

Active
Nadine Malyster

Director · since 26 mars 2024

Active
Armand Ghysens

Director

Active
Christel Geerts

Director

Active
Herman De Loor

Director

Active
Ivan Gardedieu

Director

Active
Jos Bertrand

Director

Active
Leona Detiège

Chairman of the board of directors

Active
Ronald Goossens

Director

Active

Ended mandates

Lieven Meert

Director · since 01 janvier 2024 · until 31 décembre 2024

Ended
Stefan Damen

Director · since 16 septembre 2020

Ended
Alain André

Director

Ended
Boudewijn D'Haese

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/12/2022
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates28/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/12/2020
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025-33,2 k €
  2. 2024
    Annual accounts 2024-100,4 k €
  3. 2024
    Name changeS-Plus Vlaanderen
  4. 2023
    Annual accounts 2023-252,5 k €
  5. 2022
    Annual accounts 2022-12 k €
  6. 2021
    Annual accounts 2021-103,2 k €
  7. 2021
    Name changeS-Plus vzw
  8. 2019
    Annual accounts 201948,1 k €
  9. 2018
    Annual accounts 2018-2,8 k €
  10. 2017
    Annual accounts 2017-113,5 k €
  11. 2016
    Annual accounts 2016-115,3 k €
  12. 2015
    Annual accounts 2015-195,9 k €
  13. 2014
    Annual accounts 2014-96 k €
  14. 2013
    Annual accounts 201329,1 k €
  15. 2012
    Annual accounts 2012-123,9 k €
  16. 2011
    Annual accounts 201170,9 k €
  17. 2010
    Annual accounts 2010207 k €
  18. 2009
    Annual accounts 200980,6 k €
  19. 2008
    Annual accounts 200833,7 k €
  20. 09/12/1961
    IncorporationNon-profit organization