ACTIVE

Sporen

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Financial year 2025 · closed on 31/12/2025

Net result

13,9 k €

-77.5% YoY

Revenue

16,5 k €

+17.4% YoY

Equity

6,2 M €

-1.6% YoY

Workforce

113,5 ETP

-3.5% YoY

What does Sporen do?

Sporen is a Non-profit organization incorporated in 1964. Its main activity is: General secondary education. Its registered office is in Leuven. It employs on average 113,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0410.290.006

Incorporation

12/10/1964

Legal form

Non-profit organization

Registered office

Geldenaaksebaan 428
3001 Leuven · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

113,5 ETP

Activities (NACE)

85313General secondary education· main 87901Other residential care activities 87991Other residential care activities 47251Retail sale of beverages in specialised stores 47251Retail sale of beverages in specialised stores 47252Retail sale of beverages in specialised stores+5

Joint committees (1)

31901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Revenue	16,5 k €	+17.4%	14 k €	+47.4%	9,5 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	267,9 k €	-17.7%	325,7 k €	+20.2%	271 k €	+91.8%	141,3 k €	-59.6%	349,8 k €	+16.5%	300,4 k €	-26.9%	410,9 k €	+39.9%	293,7 k €	+490%	49,8 k €	-57.9%	118,4 k €	-41.2%	201,4 k €	-24.7%	267,3 k €	-13.1%	307,6 k €	+29.2%	238,1 k €	-21.8%	304,5 k €	-7.2%	328,2 k €	+28.5%	255,4 k €	-69.9%	848,8 k €
Operating result	15,1 k €	-82.1%	84,2 k €	+152%	33,4 k €	+135%	-95,9 k €	-187%	110,8 k €	-29.9%	158 k €	-41.2%	268,8 k €	+81.6%	148,1 k €	+238%	-107,5 k €	-180%	-38,3 k €	-179%	48,3 k €	-58.7%	117 k €	-30.3%	167,9 k €	+34.6%	124,8 k €	-48.5%	242,4 k €	-0.9%	244,5 k €	+16.8%	209,3 k €	-73.2%	781,7 k €
Net result	13,9 k €	-77.5%	61,5 k €	+184%	21,7 k €	+114%	-154,8 k €	-374%	56,4 k €	-52.9%	119,7 k €	-46.6%	224,3 k €	+124%	100 k €	+164%	-155,7 k €	-91.5%	-81,3 k €	-528%	19 k €	-96.8%	601,1 k €	+648%	80,4 k €	-32.2%	118,6 k €	-41.0%	201,2 k €	-21.2%	255,4 k €	-12.5%	291,9 k €	-63.8%	806,2 k €
Balance sheet
Equity	6,2 M €	-1.6%	6,3 M €	+1.7%	6,2 M €	-1.4%	6,3 M €	-4.1%	6,6 M €	+2.0%	6,4 M €	+11.5%	5,8 M €	+8.7%	5,3 M €	+0.5%	5,3 M €	+0.3%	5,3 M €	-2.8%	5,4 M €	-1.0%	5,5 M €	+10.7%	4,9 M €	+3.1%	4,8 M €	+11.0%	4,3 M €	+53.3%	2,8 M €	+36.9%	2,1 M €	+16.6%	1,8 M €
Total assets	9,9 M €	+0.8%	9,8 M €	+1.9%	9,6 M €	-0.6%	9,7 M €	-5.5%	10,2 M €	+12.8%	9,1 M €	+10.9%	8,2 M €	+8.7%	7,5 M €	-0.8%	7,6 M €	+0.4%	7,6 M €	+1.6%	7,4 M €	-1.5%	7,6 M €	-0.9%	7,6 M €	+15.5%	6,6 M €	+25.2%	5,3 M €	+45.2%	3,6 M €	+31.4%	2,8 M €	+6.0%	2,6 M €
Cash	1,9 M €	+15.7%	1,6 M €	-26.9%	2,2 M €	-8.3%	2,4 M €	-27.7%	3,3 M €	+14.4%	2,9 M €	-22.5%	3,8 M €	-3.6%	3,9 M €	-0.1%	3,9 M €	-1.5%	4 M €	+4.8%	3,8 M €	-1.5%	3,9 M €	-1.5%	3,9 M €	+6.4%	3,7 M €	+8.4%	3,4 M €	+61.5%	2,1 M €	+16.7%	1,8 M €	-11.9%	2 M €
Debts	3,5 M €	-0.0%	3,5 M €	+2.5%	3,4 M €	+0.9%	3,4 M €	-8.1%	3,7 M €	+39.1%	2,6 M €	+9.6%	2,4 M €	+10.3%	2,2 M €	-5.1%	2,3 M €	+0.5%	2,3 M €	+13.4%	2 M €	-2.8%	2,1 M €	-4.4%	2,2 M €	+20.3%	1,8 M €	+89.0%	957,2 k €	+19.3%	802,3 k €	+17.1%	684,9 k €	-4.6%	718 k €
Other
Workforce	113,5 ETP	-3.5%	117,6 ETP	+0.8%	116,7 ETP	+2.6%	113,7 ETP	+2.2%	111,2 ETP	+4.9%	106,0 ETP	+1.9%	104,0 ETP	+3.2%	100,8 ETP	+2.2%	98,6 ETP	+4.1%	94,7 ETP	+2.7%	92,2 ETP	-2.1%	94,2 ETP	-1.1%	95,2 ETP	+2.4%	93,0 ETP	-1.2%	94,1 ETP	+5.7%	89,0 ETP	+0.2%	88,8 ETP	-0.7%	89,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 37 ended

Active mandates

Jens Hermans

Director · since 05 septembre 2024

Active

Christine Voets

Chairman of the board of directors · since 05 juin 2024

Active

Wim Van Assche

Chairman of the board of directors · since 05 juin 2024

Active

Johan Deklerck

Director · since 10 mai 2007

Active

Ended mandates

Hans Grietens

Director · since 25 juin 2020

Ended

Veerle Vanduffel

Director · since 02 juin 2016

Ended

Christine Voets

Director · since 21 octobre 1999

Ended

Gerda Tegenbos

Vice-chairman of the board of directors · since 21 octobre 1999

Ended

Annual accounts

Full financial information

	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	04/06/2026	10/06/2025	05/10/2024	16/06/2023	24/06/2022	28/06/2021
General meeting	02/06/2026	05/06/2025	05/09/2024	01/06/2023	23/06/2022	24/06/2021
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
Full model	31/12/2025	02/06/2026	04/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	05/09/2024	05/10/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	16/06/2023	Dutch	PDF
Full model	31/12/2021	23/06/2022	24/06/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	20/09/2018	24/09/2018	Dutch	PDF
Full model	31/12/2016	22/06/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	08/06/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	30/07/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	13/06/2012	Dutch	PDF
Abridged model	31/12/2010	09/06/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	06/07/2010	Dutch	PDF
Abridged modelCorrection	31/12/2008	11/06/2009	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	03/07/2008	Dutch	PDF
m140-f-p	31/01/2006	08/03/2007	19/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 4 active · 37 ended

Active mandates

Jens Hermans

Director · since 05 septembre 2024

Active

Christine Voets

Chairman of the board of directors · since 05 juin 2024

Active

Wim Van Assche

Chairman of the board of directors · since 05 juin 2024

Active

Johan Deklerck

Director · since 10 mai 2007

Active

Ended mandates

Hans Grietens

Director · since 25 juin 2020

Ended

Veerle Vanduffel

Director · since 02 juin 2016

Ended

Christine Voets

Director · since 21 octobre 1999

Ended

Gerda Tegenbos

Vice-chairman of the board of directors · since 21 octobre 1999

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other26/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2020
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

2025
Annual accounts 202513,9 k €↓
2024
Annual accounts 202461,5 k €↑
2023
Annual accounts 202321,7 k €↑
2022
Annual accounts 2022-154,8 k €↓
2021
Annual accounts 202156,4 k €↓
2020
Annual accounts 2020119,7 k €↓
2019
Annual accounts 2019224,3 k €↑
2018
Annual accounts 2018100 k €↑
2017
Annual accounts 2017-155,7 k €↓
2016
Annual accounts 2016-81,3 k €↓
2015
Annual accounts 201519 k €↓
2014
Annual accounts 2014601,1 k €↑
2013
Annual accounts 201380,4 k €↓
2012
Annual accounts 2012118,6 k €↓
2011
Annual accounts 2011201,2 k €↓
2010
Annual accounts 2010255,4 k €↓
2009
Annual accounts 2009291,9 k €↓
2008
Annual accounts 2008806,2 k €
12/10/1964
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

Sporen

Overview

What does Sporen do?

Trend over 18 financial years

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