ACTIVE

Neutraal Syndicaat voor Zelfstandigen

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Financial year 2025 · closed on 31/12/2025

Net result

-978,3 k €

-531.9% YoY

Gross margin

2,8 M €

-19.0% YoY

Equity

8,1 M €

-10.1% YoY

Workforce

37,9 ETP

-3.1% YoY

What does Neutraal Syndicaat voor Zelfstandigen do?

Neutraal Syndicaat voor Zelfstandigen is a Non-profit organization incorporated in 1967. Its registered office is in Bruxelles. It employs on average 37,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0410.357.609

Incorporation

23/02/1967

Legal form

Non-profit organization

Registered office

Boulevard Bischoffsheim 33
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

37,9 ETP

Joint committees (3)

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 17 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,8 M €	-19.0%	3,4 M €	-3.1%	3,6 M €	-5.9%	3,8 M €	+200%	1,3 M €	-55.9%	2,9 M €	-20.3%	3,6 M €	+10.6%	3,2 M €	-12.6%	3,7 M €	-12.1%	4,2 M €	+47.8%	2,9 M €	+5.3%	2,7 M €	+2.3%	2,6 M €	+10.0%	2,4 M €	-5.6%	2,6 M €	-4.6%	2,7 M €	+9.8%	2,4 M €
EBITDA	-1 M €	-352%	-229,4 k €	-335%	97,7 k €	-69.4%	319,2 k €	+121%	-1,5 M €	-861%	-158 k €	-126%	612,5 k €	+54.2%	397,1 k €	-44.7%	718,2 k €	-49.6%	1,4 M €	+1535%	87,1 k €	+9.0%	80 k €	-57.1%	186,4 k €	+3.9%	179,4 k €	-87.5%	1,4 M €	+44.0%	996,7 k €	-13.9%	1,2 M €
Operating result	-1,1 M €	-273%	-304,3 k €	-411%	97,7 k €	-69.4%	319,2 k €	+121%	-1,5 M €	-861%	-158 k €	-126%	612,5 k €	+54.2%	397,1 k €	-44.7%	718,2 k €	-49.6%	1,4 M €	+1535%	87,1 k €	+9.0%	80 k €	-57.1%	186,4 k €	+3.9%	179,4 k €	-87.5%	1,4 M €	+44.0%	996,7 k €	-13.9%	1,2 M €
Net result	-978,3 k €	-532%	-154,8 k €	-253%	101,5 k €	-64.9%	289,1 k €	+124%	-1,2 M €	-871%	154 k €	-75.2%	620,7 k €	+33.4%	465,3 k €	-36.1%	727,6 k €	-49.5%	1,4 M €	+264%	395,4 k €	+32.5%	298,4 k €	+19.4%	250 k €	+19.0%	210,1 k €	-69.6%	691,3 k €	+112%	325,8 k €	-39.2%	535,5 k €
Balance sheet
Equity	8,1 M €	-10.1%	9 M €	-1.7%	9,1 M €	+3.3%	8,8 M €	+3.4%	8,6 M €	-12.2%	9,7 M €	+1.6%	9,6 M €	+7.0%	9 M €	+5.5%	8,5 M €	+9.4%	7,8 M €	+57.7%	4,9 M €	+8.7%	4,5 M €	+7.1%	4,2 M €	+6.3%	4 M €	+5.6%	3,8 M €	+22.5%	3,1 M €	+11.8%	2,8 M €
Total assets	8,6 M €	-8.5%	9,4 M €	-1.6%	9,5 M €	+5.2%	9,1 M €	+3.4%	8,8 M €	-11.6%	9,9 M €	+1.7%	9,8 M €	+4.3%	9,4 M €	+6.6%	8,8 M €	+9.5%	8 M €	+56.2%	5,1 M €	+5.1%	4,9 M €	+9.1%	4,5 M €	+5.3%	4,3 M €	+9.4%	3,9 M €	+17.0%	3,3 M €	+13.9%	2,9 M €
Cash	7 M €	-21.6%	8,9 M €	-2.6%	9,2 M €	+7.8%	8,5 M €	+5.5%	8,1 M €	-13.2%	9,3 M €	+181%	3,3 M €	-8.6%	3,6 M €	-3.3%	3,7 M €	+3.3%	3,6 M €	+389%	740,5 k €	+59.7%	463,7 k €	+13.0%	410,3 k €		–		502,8 k €	+71.1%	293,8 k €	+44.1%	203,9 k €
Debts	523,7 k €	+28.1%	408,9 k €	-1.6%	415,7 k €	+72.8%	240,5 k €	+3.6%	232,2 k €	+15.0%	201,8 k €	+4.5%	193,2 k €	-53.9%	419,3 k €	+36.8%	306,5 k €	+13.7%	269,5 k €	+22.5%	219,9 k €	-39.7%	364,4 k €	+43.5%	253,9 k €	-7.0%	273 k €	+127%	120,5 k €	-51.2%	247 k €	+48.4%	166,5 k €
Other
Workforce	37,9 ETP	-3.1%	39,1 ETP	+4.0%	37,6 ETP	-20.5%	47,3 ETP	+4.2%	45,4 ETP	+3.4%	43,9 ETP	-10.6%	49,1 ETP	+0.8%	48,7 ETP	-0.8%	49,1 ETP	+7.2%	45,8 ETP	+5.8%	43,3 ETP	+3.3%	41,9 ETP	+9.7%	38,2 ETP	+11.0%	34,4 ETP	-6.5%	36,8 ETP	-5.2%	38,8 ETP	+15.5%	33,6 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 · 4 active · 8 ended

Active mandates

Nico Vervecken

Director · since 12 juin 2006

Active

Philippe Fontenai

Director · since 12 juin 2006

Active

Philippe Ruelens

Director · since 20 septembre 2005

Active

Rik Vervecken

Director · since 23 février 1967

Active

Ended mandates

Hendrik Vervecken

Director · since 12 juin 2006

Ended

Philippe Ruelens

Director · since 01 avril 2004

Ended

Christine Mattheeuws

Director

Ended

Hendrik Vervecken

Director

Ended

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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	12/08/2026	23/07/2025	14/10/2024	13/10/2023	02/12/2022	08/09/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	16/06/2023	20/06/2022	19/07/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	12/08/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	14/10/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	13/10/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	02/12/2022	Dutch	PDF
Abridged model	31/12/2020	19/07/2021	08/09/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	06/08/2018	Dutch	PDF
Abridged model	31/12/2016	19/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	11/10/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	14/10/2009	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 · 4 active · 8 ended

Active mandates

Nico Vervecken

Director · since 12 juin 2006

Active

Philippe Fontenai

Director · since 12 juin 2006

Active

Philippe Ruelens

Director · since 20 septembre 2005

Active

Rik Vervecken

Director · since 23 février 1967

Active

Ended mandates

Hendrik Vervecken

Director · since 12 juin 2006

Ended

Philippe Ruelens

Director · since 01 avril 2004

Ended

Christine Mattheeuws

Director

Ended

Hendrik Vervecken

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/07/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/08/2006
ONTSLAGEN - BENOEMINGEN
PDF
Other30/12/2005
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other30/12/2005
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates11/08/2004
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 2025-978,3 k €↓
2024
Annual accounts 2024-154,8 k €↓
2023
Annual accounts 2023101,5 k €↓
2023
Name changensz -sni
2021
Annual accounts 2021289,1 k €↑
2020
Annual accounts 2020-1,2 M €↓
2019
Annual accounts 2019154 k €↓
2018
Annual accounts 2018620,7 k €↑
2017
Annual accounts 2017465,3 k €↓
2016
Annual accounts 2016727,6 k €↓
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 2014395,4 k €↑
2013
Annual accounts 2013298,4 k €↑
2012
Annual accounts 2012250 k €↑
2011
Annual accounts 2011210,1 k €↓
2010
Annual accounts 2010691,3 k €↑
2009
Annual accounts 2009325,8 k €↓
2008
Annual accounts 2008535,5 k €
2008
Name changeNeutraal Syndicaat voor Zelfstandigen
23/02/1967
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

Neutraal Syndicaat voor Zelfstandigen

Overview

What does Neutraal Syndicaat voor Zelfstandigen 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