ACTIVE

MKL

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Financial year 2025 · closed on 31/12/2025
Net result
1,3 M €
+12.9% YoY
Revenue
45,6 M €
+4.6% YoY
Equity
53,5 M €
+1.0% YoY
Workforce
536,8 ETP
+9.4% YoY

What does MKL do?

MKL is a Non-profit organization incorporated in 1922. Its main activity is: Pre-primary education. Its registered office is in Edegem. It employs on average 536,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0410.025.037
Incorporation
17/02/1922
Legal form
Non-profit organization
Registered office
Drie Eikenstraat 659
2650 Edegem · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
536,8 ETP
Activities (NACE)
85110Pre-primary education· main86102Hospital activities86102Hospital activities86103Hospital activities86103Hospital activities86102Hospital activities+3
Joint committees (4)
  • 10201
  • 10202
  • 31901
  • 330
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Revenue45,6 M €43,6 M €40,1 M €37,6 M €34,3 M €32,4 M €33,5 M €33,2 M €31,3 M €31 M €30 M €30,1 M €29,5 M €27,7 M €23 M €22 M €21,4 M €20,7 M €19,3 M €
EBITDA5,4 M €5,5 M €2 M €4,5 M €4,8 M €5,1 M €6,6 M €5,4 M €5,1 M €4,5 M €4,8 M €4,3 M €3,1 M €4 M €2,8 M €2,1 M €1,4 M €1,6 M €1,9 M €
Operating result2 M €2 M €-1,6 M €841,3 k €909,8 k €1,6 M €3,2 M €2 M €2,2 M €2,1 M €2,2 M €1,4 M €140,1 k €1 M €1,1 M €528,3 k €564,1 k €828,9 k €1,2 M €
Net result1,3 M €1,2 M €-2,3 M €-768,1 k €118,7 k €501,7 k €1,9 M €887,6 k €1,2 M €1,1 M €874,6 k €36,4 k €-1,2 M €-171,1 k €1,4 M €1,2 M €1,2 M €1,7 M €1,6 M €
Balance sheet
Equity53,5 M €53 M €52,6 M €55,7 M €57,3 M €58 M €58,4 M €57,4 M €57,3 M €56,4 M €54,7 M €54,7 M €55,6 M €57,8 M €59,3 M €57,9 M €35,9 M €33,2 M €22,9 M €
Total assets85,6 M €82,3 M €85,2 M €89,6 M €93,1 M €96,7 M €100,6 M €100,9 M €104,2 M €111,8 M €96,2 M €93,4 M €97 M €100,9 M €108,4 M €85,4 M €47 M €40,2 M €29,1 M €
Cash1,5 M €1,7 M €3 M €2,1 M €2,9 M €3,8 M €6,3 M €971,9 k €1,4 M €2,6 M €614,7 k €801,6 k €1 M €919,9 k €493,6 k €459,2 k €279,6 k €995,7 k €491,9 k €
Debts31 M €28,4 M €31,7 M €33,3 M €35,1 M €37,4 M €40,9 M €42,2 M €45,6 M €54,2 M €40,4 M €37,9 M €40,4 M €42 M €47,5 M €25,8 M €9,6 M €5,4 M €4,7 M €
Other
Workforce536,8 ETP490,9 ETP487,3 ETP498,9 ETP503,5 ETP493,0 ETP490,0 ETP505,4 ETP484,8 ETP454,9 ETP436,5 ETP447,4 ETP443,7 ETP405,3 ETP358,2 ETP353,4 ETP349,9 ETP347,7 ETP339,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 11 active · 76 ended

Active mandates

Carole Billiet

Mandate

Active
Dimitri Buytaert

Mandate

Active
Francois-Xavier Castelein

Mandate

Active
Godefroi Le Grelle

Mandate

Active
Jean-Pierre Waterkeyn

Mandate

Active
Nathalie Meert

Mandate

Active
Pascal Theunen

Mandate

Active
Peter De Becker

Mandate

Active
Stephan Van den Eynde

Mandate

Active
Thierry Laporta

Mandate

Active
Yves Fortems

Mandate

Active

Ended mandates

Benoit MEERT

Director · since 10 juin 2020 · until 10 juin 2023

Ended
Francois-Xavier CASTELEIN

Director · since 10 juin 2020 · until 10 juin 2023

Ended
Godefroi LE GRELLE

Director · since 10 juin 2020 · until 10 juin 2023

Ended
Jean-Pierre VAN HOORICKX

Chairman of the board of directors · since 10 juin 2020 · until 10 juin 2023

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date23/06/202617/06/202527/06/202423/06/202323/06/202307/07/2021
General meeting17/06/202604/06/202519/06/202413/06/202316/06/202216/06/2021
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202517/06/202623/06/2026DutchPDF
Full model31/12/202404/06/202517/06/2025DutchPDF
Full model31/12/202319/06/202427/06/2024DutchPDF
Full model31/12/202213/06/202323/06/2023DutchPDF
Full modelCorrection31/12/202116/06/202223/06/2023DutchPDF
Full model31/12/202116/06/202228/06/2022DutchPDF
Full model31/12/202016/06/202107/07/2021DutchPDF
Full model31/12/201910/06/202003/07/2020DutchPDF
Full model31/12/201812/06/201910/07/2019DutchPDF
Full model31/12/201713/06/201809/07/2018DutchPDF
Full model31/12/201614/06/201713/07/2017DutchPDF
Full model31/12/201515/06/201605/08/2016DutchPDF
Full model31/12/201416/06/201514/07/2015DutchPDF
Full model31/12/201318/06/201416/07/2014DutchPDF
Full model31/12/201219/06/201315/07/2013DutchPDF
Full model31/12/201120/06/201224/08/2012DutchPDF
Full model31/12/201015/06/201128/06/2011DutchPDF
Full model31/12/200916/06/201030/06/2010DutchPDF
Full model31/12/200817/06/200921/08/2009DutchPDF
Full model31/12/200718/06/200822/07/2008DutchPDF
Full model31/12/200613/06/200716/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 11 active · 76 ended

Active mandates

Carole Billiet

Mandate

Active
Dimitri Buytaert

Mandate

Active
Francois-Xavier Castelein

Mandate

Active
Godefroi Le Grelle

Mandate

Active
Jean-Pierre Waterkeyn

Mandate

Active
Nathalie Meert

Mandate

Active
Pascal Theunen

Mandate

Active
Peter De Becker

Mandate

Active
Stephan Van den Eynde

Mandate

Active
Thierry Laporta

Mandate

Active
Yves Fortems

Mandate

Active

Ended mandates

Benoit MEERT

Director · since 10 juin 2020 · until 10 juin 2023

Ended
Francois-Xavier CASTELEIN

Director · since 10 juin 2020 · until 10 juin 2023

Ended
Godefroi LE GRELLE

Director · since 10 juin 2020 · until 10 juin 2023

Ended
Jean-Pierre VAN HOORICKX

Chairman of the board of directors · since 10 juin 2020 · until 10 juin 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/11/2025
    DIVERSEN
    PDF
  • Mandates24/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares24/07/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates30/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/08/2020
    BENAMING - MAATSCHAPPELIJKE ZETEL - 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

Timeline

  1. 2025
    Annual accounts 20251,3 M €↑
  2. 04/06/2025
    reconductionBILLIET Carola Marie — bestuurder
  3. 04/06/2025
    reconductionWATERKEYN Jean Pierre — bestuurder
  4. 04/06/2025
    reconductionTHEUNEN Pascal Michel — bestuurder
  5. 04/06/2025
    reconductionVAN DEN EYNDE Stephan Marc — bestuurder
  6. 2024
    Annual accounts 20241,2 M €↑
  7. 2023
    Annual accounts 2023-2,3 M €↓
  8. 14/06/2023
    nominationGodefroi le Grelle — voorzitterschap
  9. 13/06/2023
    reconductionFrancols-Xavier Castelein — bestuurder
  10. 13/06/2023
    reconductionYves Fortems — bestuurder
  11. 13/06/2023
    reconductionThierry Laporta — bestuurder
  12. 13/06/2023
    reconductionGodefroi le Grelle — bestuurder
  13. 13/06/2023
    reconductionJean-Pierre Van hoorickx — bestuurder
  14. 13/06/2023
    reconductionNathalie Meert — bestuurder
  15. 13/06/2023
    nominationPeter De Becker — bestuurder
  16. 13/06/2023
    nominationDimitri Buytaert — bestuurder
  17. 13/06/2023
    nominationJo Van Baelen — commissaris-bedrijfsrevisor
  18. 2022
    Annual accounts 2022-768,1 k €↓
  19. 2021
    Annual accounts 2021118,7 k €↓
  20. 2020
    Annual accounts 2020501,7 k €↓
  21. 2019
    Annual accounts 20191,9 M €↑
  22. 2018
    Annual accounts 2018887,6 k €↓
  23. 2017
    Annual accounts 20171,2 M €↑
  24. 2016
    Annual accounts 20161,1 M €↑
  25. 2015
    Annual accounts 2015874,6 k €↑
  26. 2014
    Annual accounts 201436,4 k €↑
  27. 2013
    Annual accounts 2013-1,2 M €↓
  28. 2012
    Annual accounts 2012-171,1 k €↓
  29. 2011
    Annual accounts 20111,4 M €↑
  30. 2010
    Annual accounts 20101,2 M €↑
  31. 2009
    Annual accounts 20091,2 M €↓
  32. 2008
    Annual accounts 20081,7 M €↑
  33. 2007
    Annual accounts 20071,6 M €
  34. 17/02/1922
    IncorporationNon-profit organization