ACTIVE

PNIEL

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Financial year 2025 · closed on 31/12/2025

Net result

710 k €

-22.8% YoY

Revenue

7,6 M €

+2.6% YoY

Equity

9,1 M €

+7.9% YoY

Workforce

77,5 ETP

+0.6% YoY

What does PNIEL do?

PNIEL is a Non-profit organization incorporated in 1957. Its main activity is: General secondary education. Its registered office is in Zandhoven. It employs on average 77,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0410.516.668

Incorporation

01/01/1957

Legal form

Non-profit organization

Registered office

Rusthuislaan 21
2242 Zandhoven · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

77,5 ETP

Activities (NACE)

85315General secondary education· main 87301Residential care activities for the elderly and disabled 87301Residential care activities for the elderly and disabled

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011
Income statement
Revenue	7,6 M €	+2.6%	7,4 M €	+9.1%	6,8 M €	+4.9%	6,5 M €	+20.8%	5,4 M €	+3.1%	5,2 M €	-1.9%	5,3 M €	+9.5%	4,8 M €		–		–		–		3,1 M €	+10.4%	2,8 M €	+2.9%	2,7 M €
EBITDA	1,2 M €	-13.8%	1,4 M €	+51.3%	955 k €	-19.3%	1,2 M €	+17.6%	1 M €	-10.3%	1,1 M €	+20.7%	928,8 k €	+12.2%	827,8 k €	-16.3%	989,6 k €	+215%	314,6 k €	+0.9%	311,8 k €	-46.0%	576,8 k €	+9.1%	528,6 k €	+8.9%	485,5 k €
Operating result	756,4 k €	-22.5%	975,6 k €	+96.8%	495,7 k €	-32.0%	728,7 k €	+30.5%	558,5 k €	-16.2%	666,3 k €	+39.7%	476,9 k €	+30.8%	364,7 k €	-29.6%	518,1 k €	+1119%	-50,9 k €	-320%	23,1 k €	-93.3%	344,6 k €	+14.6%	300,7 k €	-38.1%	485,5 k €
Net result	710 k €	-22.8%	919,9 k €	+124%	410,5 k €	-31.9%	602,3 k €	+44.2%	417,8 k €	-20.1%	523,1 k €	+11.2%	470,4 k €	-29.3%	665,5 k €	+80.1%	369,6 k €	+298%	-186,3 k €	-95.5%	-95,3 k €	-131%	312,1 k €	+4.3%	299,2 k €	-18.9%	368,9 k €
Balance sheet
Equity	9,1 M €	+7.9%	8,4 M €	+11.5%	7,6 M €	+4.8%	7,2 M €	+8.1%	6,7 M €	+5.6%	6,3 M €	+7.9%	5,9 M €	+7.5%	5,5 M €	+12.4%	4,9 M €	+6.8%	4,5 M €	-8.8%	5 M €	+41.3%	3,5 M €	+9.7%	3,2 M €	+10.3%	2,9 M €
Total assets	13,6 M €	+3.5%	13,1 M €	+3.3%	12,7 M €	+1.1%	12,6 M €	+2.8%	12,2 M €	-0.8%	12,3 M €	+4.6%	11,8 M €	+1.6%	11,6 M €	+3.1%	11,2 M €	+3.2%	10,9 M €	+11.8%	9,7 M €	+96.1%	5 M €	+11.0%	4,5 M €	+3.7%	4,3 M €
Cash	2,5 M €	+13.0%	2,3 M €	+28.1%	1,8 M €	-45.3%	3,2 M €	-15.4%	3,8 M €	+4.6%	3,6 M €	+35.1%	2,7 M €	+29.1%	2,1 M €	+57.0%	1,3 M €	+36.1%	976,5 k €	-59.1%	2,4 M €	+86.9%	1,3 M €	+33.9%	953,6 k €	-6.8%	1 M €
Debts	4,1 M €	-5.5%	4,4 M €	-9.8%	4,9 M €	-4.6%	5,1 M €	-1.9%	5,2 M €	-8.7%	5,7 M €	+2.6%	5,5 M €	-5.9%	5,9 M €	-4.8%	6,2 M €	-0.2%	6,2 M €	+32.6%	4,7 M €	+231%	1,4 M €	+14.9%	1,2 M €	-9.9%	1,4 M €
Other
Workforce	77,5 ETP	+0.6%	77,0 ETP	-5.3%	81,3 ETP	+3.6%	78,5 ETP	+8.0%	72,7 ETP	+7.2%	67,8 ETP	+3.4%	65,6 ETP	+5.5%	62,2 ETP	+13.9%	54,6 ETP	+17.2%	46,6 ETP	+7.4%	43,4 ETP	+44.7%	30,0 ETP	+3.4%	29,0 ETP	-100.0%	496 941,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Matthias Staessens

Director · since 24 mai 2025 · until 24 mai 2031

Active

Glenn Verbruggen

Director · since 21 mai 2022 · until 21 mai 2028

Active

PATRICK VAN DAMME

Managing director · since 29 mai 2021 · until 29 mai 2027 · 0473.094.437

Represented by Patrick van Damme

Active

Ended mandates

Matthias Staessens

Director · since 25 mai 2019 · until 25 mai 2025

Ended

Glenn Verbruggen

Director · since 21 mai 2016 · until 21 mai 2022

Ended

PATRICK VAN DAMME

Managing director · since 25 mai 2015 · until 29 mai 2021 · 0473.094.437

Represented by Patrick van Damme

Ended

G&S Comm. V

Chairman of the board of directors · 0676.916.874

Represented by Guy Van Damme

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	19/05/2026	11/06/2025	28/01/2025	30/05/2023	26/06/2022	10/06/2021
General meeting	16/05/2026	24/05/2025	25/05/2024	06/05/2023	21/05/2022	29/05/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/05/2026	19/05/2026	Dutch	PDF
Full model	31/12/2024	24/05/2025	11/06/2025	Dutch	PDF
Full model	31/12/2023	25/05/2024	28/01/2025	Dutch	PDF
Full model	31/12/2022	06/05/2023	30/05/2023	Dutch	PDF
Full model	31/12/2021	21/05/2022	26/06/2022	Dutch	PDF
Full model	31/12/2020	29/05/2021	10/06/2021	Dutch	PDF
Full model	31/12/2019	25/07/2020	30/07/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	11/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/05/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/05/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	23/05/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	24/05/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	27/05/2013	Dutch	PDF
Full model	31/12/2011	12/05/2012	02/08/2012	Dutch	PDF
Abridged model	31/12/2007	19/04/2008	29/12/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 3 active · 13 ended

Active mandates

Matthias Staessens

Director · since 24 mai 2025 · until 24 mai 2031

Active

Glenn Verbruggen

Director · since 21 mai 2022 · until 21 mai 2028

Active

PATRICK VAN DAMME

Managing director · since 29 mai 2021 · until 29 mai 2027 · 0473.094.437

Represented by Patrick van Damme

Active

Ended mandates

Matthias Staessens

Director · since 25 mai 2019 · until 25 mai 2025

Ended

Glenn Verbruggen

Director · since 21 mai 2016 · until 21 mai 2022

Ended

PATRICK VAN DAMME

Managing director · since 25 mai 2015 · until 29 mai 2021 · 0473.094.437

Represented by Patrick van Damme

Ended

G&S Comm. V

Chairman of the board of directors · 0676.916.874

Represented by Guy Van Damme

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2016
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 2025710 k €↓
2024
Annual accounts 2024919,9 k €↑
2023
Annual accounts 2023410,5 k €↓
2022
Annual accounts 2022602,3 k €↑
2021
Annual accounts 2021417,8 k €↓
2020
Annual accounts 2020523,1 k €↑
2019
Annual accounts 2019470,4 k €↓
2018
Annual accounts 2018665,5 k €↑
2017
Annual accounts 2017369,6 k €↑
2016
Annual accounts 2016-186,3 k €↓
2015
Annual accounts 2015-95,3 k €↓
2013
Annual accounts 2013312,1 k €↑
2012
Annual accounts 2012299,2 k €↓
2011
Annual accounts 2011368,9 k €
01/01/1957
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

PNIEL

Overview

What does PNIEL do?

Trend over 14 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