ACTIVE

Raak

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Financial year 2025 · closed on 31/12/2025

Net result

-64,7 k €

-11.8% YoY

Gross margin

2,6 M €

+3.4% YoY

Equity

5 M €

-1.3% YoY

Workforce

29,5 ETP

+2.8% YoY

What does Raak do?

Raak is a Non-profit organization incorporated in 1949. Its main activity is: Other education n.e.c.. Its registered office is in Schaerbeek. It employs on average 29,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0409.979.507

Incorporation

12/11/1949

Legal form

Non-profit organization

Registered office

Avenue Britsiers 5
1030 Schaerbeek · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

29,5 ETP

Activities (NACE)

85593Other education n.e.c.· main 85593Other education n.e.c.94920Activities of political organisations 94920Activities of political organisations 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods+2

Joint committees (1)

32901

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,6 M €	+3.4%	2,6 M €	-11.9%	2,9 M €	+8.7%	2,7 M €	-1.2%	2,7 M €	-7.7%	2,9 M €	+7.5%	2,7 M €	+0.1%	2,7 M €	+4.0%	2,6 M €	-0.7%	2,6 M €	-5.4%	2,8 M €	-1.8%	2,8 M €	-1.7%	2,9 M €	-4.5%	3 M €	+0.3%	3 M €	-2.6%	3,1 M €	+1.3%	3,1 M €	+0.6%	3 M €
EBITDA	-120,3 k €	+14.9%	-141,3 k €	-513%	-23,1 k €	-138%	60,6 k €	-50.0%	121,3 k €	-51.5%	250,2 k €	+466%	44,2 k €	-72.4%	160,4 k €	-32.3%	237 k €	+40.4%	168,8 k €	-23.4%	220,5 k €	-25.9%	297,4 k €	+104%	145,7 k €	-53.4%	313 k €	-13.0%	359,6 k €	+47.6%	243,7 k €	+900%	-30,5 k €	+55.1%	-67,8 k €
Operating result	-141,4 k €	+13.1%	-162,7 k €	-196%	-55 k €	-239%	39,6 k €	-64.0%	110 k €	-54.0%	239,2 k €	+805%	26,4 k €	-81.6%	143,9 k €	-31.6%	210,4 k €	+46.7%	143,4 k €	-28.1%	199,4 k €	-27.9%	276,6 k €	+116%	128,2 k €	-57.1%	299,3 k €	-11.7%	338,9 k €	+63.0%	207,9 k €	+476%	-55,3 k €	+41.1%	-93,9 k €
Net result	-64,7 k €	-11.8%	-57,9 k €	-183%	-20,4 k €	-141%	50,1 k €	-24.1%	65,9 k €	-71.9%	234,6 k €	+50.7%	155,7 k €	-52.2%	325,6 k €	+5.8%	307,7 k €	+64.6%	186,9 k €	-29.7%	265,8 k €	-21.9%	340,2 k €	+418%	65,7 k €	-85.6%	457,4 k €	+320%	-207,8 k €	-182%	254,8 k €	+3906%	-6,7 k €	-123%	29,4 k €
Balance sheet
Equity	5 M €	-1.3%	5,1 M €	-1.1%	5,2 M €	-0.4%	5,2 M €	+1.0%	5,1 M €	+1.3%	5,1 M €	+4.9%	4,8 M €	+3.4%	4,7 M €	+7.5%	4,3 M €	+7.6%	4 M €	+4.9%	3,9 M €	+14.5%	3,4 M €	+22.5%	2,7 M €	-0.1%	2,8 M €	+13.2%	2,4 M €	+32.7%	1,8 M €	+3.5%	1,8 M €	+0.9%	1,8 M €
Total assets	6,3 M €	-1.0%	6,4 M €	-6.1%	6,8 M €	-3.3%	7 M €	+2.7%	6,8 M €	+1.1%	6,8 M €	-0.1%	6,8 M €	+1.5%	6,7 M €	+5.5%	6,3 M €	+6.5%	5,9 M €	+0.8%	5,9 M €	+6.4%	5,5 M €	+6.5%	5,2 M €	+3.4%	5 M €	+13.0%	4,4 M €	+13.4%	3,9 M €	+7.0%	3,7 M €	-0.7%	3,7 M €
Cash	2,1 M €	-28.3%	2,9 M €	+28.8%	2,3 M €	-39.5%	3,7 M €	+12.7%	3,3 M €	+6.7%	3,1 M €	-6.6%	3,3 M €	-2.3%	3,4 M €	+14.3%	3 M €	+3.4%	2,9 M €	-18.0%	3,5 M €	-5.0%	3,7 M €	+5.0%	3,5 M €	+16.4%	3 M €	+177%	1,1 M €	+705%	135,5 k €	+88.9%	71,7 k €	-91.9%	886,6 k €
Debts	356,5 k €	+1.2%	352,4 k €	-32.9%	525,2 k €	-65.0%	1,5 M €	+11.4%	1,3 M €	+0.8%	1,3 M €	-11.1%	1,5 M €	+0.5%	1,5 M €	+5.6%	1,4 M €	+11.3%	1,3 M €	-9.4%	1,4 M €	+5.9%	1,3 M €	-17.5%	1,6 M €	+3.8%	1,5 M €	+11.2%	1,4 M €	-18.7%	1,7 M €	+4.7%	1,6 M €	+0.6%	1,6 M €
Other
Workforce	29,5 ETP	+2.8%	28,7 ETP	-4.0%	29,9 ETP	-6.3%	31,9 ETP	-4.8%	33,5 ETP	-3.7%	34,8 ETP	-0.3%	34,9 ETP	+1.5%	34,4 ETP	+5.2%	32,7 ETP	0.0%	32,7 ETP	-11.4%	36,9 ETP	-3.7%	38,3 ETP	-2.8%	39,4 ETP	-4.8%	41,4 ETP	-4.4%	43,3 ETP	-10.0%	48,1 ETP	-12.7%	55,1 ETP	-2.8%	56,7 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 · 12 active · 115 ended

Active mandates

Bart VAN DIJCK

Director

Active

Denis PIETERS

Director

Active

Fabian SPREEUWERS

Chairman of the board of directors

Active

Francis HILLEN

Director

Active

Francis VAN DEN BOSCH

Director

Active

Geert COTTYN

Director

Active

Johan DE SMET

Managing director

Active

Koen VAN DEN BORRE

Director

Active

Liesbet VAN LIL

Director

Active

Marc VANDERBRIESEN

Director

Active

Marnix POELMAN

Director

Active

Nadia DON PORTO CARERO

Director

Active

Ended mandates

KOEN VAN DEN BORRE

Director · since 14 novembre 2021 · until 30 juin 2024

Ended

BART VAN DIJCK

Director · since 14 novembre 2020 · until 30 juin 2024

Ended

DENIS PIETERS

Director · since 14 novembre 2020 · until 30 juin 2024

Ended

DIRK TRUYTS

Director · since 14 novembre 2020 · until 30 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Aeropolis II vzw● Active	0600.804.439
ARCOFIN● Liquidation	0403.228.109
ARCOPAR● Liquidation	0442.733.140
ARCOPLUS● Liquidation	0423.939.587
CHRISTELIJKE ONDERWIJSCENTRALE C.O.C.● Active	0850.332.880
Christelijk Onderwijzersverbond● Active	0409.223.105
De Maekerij● Active	0685.949.158
Felies● Active	0420.427.890
Felies Junior● Active	0866.171.002
Femma● Active	0410.339.989
GOVAKA● Liquidation	0451.798.779
Kristelijke Arbeidersjongeren● Active	0456.080.241
Projekt 2000● Active	0439.202.043
SECRETARIAAT VAN HET NATIONAAL VERBOND DER CHRISTELIJKE VROUWENBEWEGING● Active	0410.646.035
Vereniging van mede-eigenaars van "AEROPOLIS II" te 1030 Schaarbeek, Urbain Britsierslaan,● Active	0807.640.311

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	21/05/2026	11/04/2025	16/04/2024	21/05/2023	25/04/2022	31/08/2021
General meeting	21/03/2026	22/03/2025	23/03/2024	18/03/2023	19/03/2022	20/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/03/2026	21/05/2026	Dutch	PDF
Abridged model	31/12/2024	22/03/2025	11/04/2025	Dutch	PDF
Abridged model	31/12/2023	23/03/2024	16/04/2024	Dutch	PDF
Abridged model	31/12/2022	18/03/2023	21/05/2023	Dutch	PDF
Abridged model	31/12/2021	19/03/2022	25/04/2022	Dutch	PDF
Abridged model	31/12/2020	20/03/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	16/03/2019	23/04/2019	Dutch	PDF
Abridged model	31/12/2017	17/03/2018	10/04/2018	Dutch	PDF
Abridged model	31/12/2016	18/03/2017	14/04/2017	Dutch	PDF
Abridged model	31/12/2015	19/03/2016	23/05/2016	Dutch	PDF
Abridged model	31/12/2014	21/03/2015	15/04/2015	Dutch	PDF
Abridged model	31/12/2013	15/03/2014	02/04/2014	Dutch	PDF
Abridged model	31/12/2012	16/03/2013	09/04/2013	Dutch	PDF
Abridged model	31/12/2011	17/03/2012	17/04/2012	Dutch	PDF
Abridged model	31/12/2010	19/03/2011	19/04/2011	Dutch	PDF
Abridged model	31/12/2009	20/03/2010	22/04/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	15/04/2008	15/05/2008	Dutch	PDF
Abridged model	31/12/2006	31/03/2007	25/04/2007	Dutch	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 · 12 active · 115 ended

Active mandates

Bart VAN DIJCK

Director

Active

Denis PIETERS

Director

Active

Fabian SPREEUWERS

Chairman of the board of directors

Active

Francis HILLEN

Director

Active

Francis VAN DEN BOSCH

Director

Active

Geert COTTYN

Director

Active

Johan DE SMET

Managing director

Active

Koen VAN DEN BORRE

Director

Active

Liesbet VAN LIL

Director

Active

Marc VANDERBRIESEN

Director

Active

Marnix POELMAN

Director

Active

Nadia DON PORTO CARERO

Director

Active

Ended mandates

KOEN VAN DEN BORRE

Director · since 14 novembre 2021 · until 30 juin 2024

Ended

BART VAN DIJCK

Director · since 14 novembre 2020 · until 30 juin 2024

Ended

DENIS PIETERS

Director · since 14 novembre 2020 · until 30 juin 2024

Ended

DIRK TRUYTS

Director · since 14 novembre 2020 · until 30 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2023
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates02/02/2022
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

2025
Annual accounts 2025-64,7 k €↓
2024
Annual accounts 2024-57,9 k €↓
2024
Name changeRaak
2023
Annual accounts 2023-20,4 k €↓
2022
Annual accounts 202250,1 k €↓
2021
Annual accounts 202165,9 k €↓
2021
Name changeKristelijke Werknemersbeweging
2020
Annual accounts 2020234,6 k €↑
2019
Annual accounts 2019155,7 k €↓
2018
Annual accounts 2018325,6 k €↑
2017
Annual accounts 2017307,7 k €↑
2016
Annual accounts 2016186,9 k €↓
2015
Annual accounts 2015265,8 k €↓
2014
Annual accounts 2014340,2 k €↑
2013
Annual accounts 201365,7 k €↓
2012
Annual accounts 2012457,4 k €↑
2011
Annual accounts 2011-207,8 k €↓
2010
Annual accounts 2010254,8 k €↑
2009
Annual accounts 2009-6,7 k €↓
2008
Annual accounts 200829,4 k €
12/11/1949
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

Raak

Overview

What does Raak do?

Trend over 18 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