EFMD
0411.610.491 · rovalta.com · 22/09/2026
ACTIVE
EFMD
Financial year 2025 · closed on 31/12/2025
Net result
329,2 k €
+0.8% YoY
Revenue
6,3 M €
+3.4% YoY
Equity
7 M €
+4.9% YoY
Workforce
19,5 ETP
-5.8% YoY
Overview
What does EFMD do?
EFMD is a International non-profit organization incorporated in 1971. Its registered office is in Ixelles. It employs on average 19,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0411.610.491
Incorporation
11/10/1971
Legal form
International non-profit organization
Registered office
Rue Gachard 88 box 3
1050 Ixelles · BruxellesSee on map
1050 Ixelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
19,5 ETP
Joint committees (2)
- 200
- 335
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 6,3 M € | +3.4% | 6,1 M € | +2.3% | 5,9 M € | +6.4% | 5,6 M € | +32.5% | 4,2 M € | -6.8% | 4,5 M € | -24.4% | 6 M € | +5.8% | 5,7 M € | -14.6% | 6,6 M € | +42.9% | 4,6 M € | +6.5% | 4,4 M € | +9.7% | 4 M € | -1.1% | 4 M € | +25.8% | 3,2 M € | -7.6% | 3,5 M € | +10.9% | 3,1 M € | -0.2% | 3,1 M € | -1.4% | 3,2 M € | +34.2% | 2,4 M € |
| EBITDA | 428,6 k € | +9.7% | 390,7 k € | -18.9% | 482,1 k € | +29.3% | 372,9 k € | -21.3% | 473,8 k € | -24.6% | 628,5 k € | +41.6% | 443,7 k € | -8.5% | 485,1 k € | -25.4% | 650,2 k € | +26.5% | 513,9 k € | +22.0% | 421,3 k € | +15.8% | 363,9 k € | -21.9% | 466,1 k € | +1.3% | 460 k € | -36.7% | 726,2 k € | +16.1% | 625,2 k € | -22.0% | 801,2 k € | -2.8% | 824,1 k € | +44.2% | 571,6 k € |
| Operating result | 249,5 k € | +48.0% | 168,6 k € | -42.4% | 292,7 k € | +8.0% | 270,9 k € | +2.0% | 265,6 k € | -8.8% | 291,3 k € | +3.5% | 281,4 k € | +2.3% | 275,1 k € | +4.0% | 264,6 k € | +17.4% | 225,4 k € | +19.9% | 187,9 k € | +29.0% | 145,7 k € | -25.4% | 195,3 k € | -15.0% | 229,8 k € | -52.4% | 483,2 k € | +18.8% | 406,9 k € | -29.8% | 579,3 k € | +10.4% | 524,7 k € | +87.5% | 279,9 k € |
| Net result | 329,2 k € | +0.8% | 326,7 k € | -3.4% | 338,2 k € | +19.5% | 283 k € | +8.1% | 261,7 k € | +12.1% | 233,5 k € | -4.0% | 243,3 k € | +8.1% | 225,2 k € | +4.6% | 215,2 k € | +16.2% | 185,2 k € | +11.6% | 165,9 k € | +18.7% | 139,8 k € | -19.6% | 174 k € | -24.0% | 228,9 k € | -51.6% | 472,8 k € | +23.4% | 383,3 k € | -26.7% | 523,1 k € | +5.3% | 497 k € | +107% | 240 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 7 M € | +4.9% | 6,7 M € | +5.2% | 6,3 M € | +5.6% | 6 M € | +5.0% | 5,7 M € | +4.8% | 5,5 M € | +4.5% | 5,2 M € | +4.9% | 5 M € | +4.7% | 4,8 M € | +4.7% | 4,5 M € | +4.3% | 4,4 M € | +4.0% | 4,2 M € | +3.5% | 4 M € | +4.5% | 3,9 M € | +6.3% | 3,6 M € | +14.9% | 3,2 M € | +13.8% | 2,8 M € | +23.1% | 2,3 M € | +28.1% | 1,8 M € |
| Total assets | 9,3 M € | +4.2% | 8,9 M € | +3.2% | 8,7 M € | -22.3% | 11,1 M € | +9.8% | 10,1 M € | +5.7% | 9,6 M € | -8.5% | 10,5 M € | +7.7% | 9,7 M € | -4.9% | 10,2 M € | +27.7% | 8 M € | +13.5% | 7,1 M € | +8.6% | 6,5 M € | -0.2% | 6,5 M € | -30.4% | 9,4 M € | +0.1% | 9,3 M € | +9.8% | 8,5 M € | +9.2% | 7,8 M € | -6.7% | 8,4 M € | +4.3% | 8 M € |
| Cash | 634,9 k € | -9.7% | 702,9 k € | -12.3% | 801,3 k € | -35.3% | 1,2 M € | -24.2% | 1,6 M € | +17.8% | 1,4 M € | +19510% | 7,1 k € | +107% | 3,4 k € | -99.8% | 1,7 M € | +20427% | 8,3 k € | +111% | 3,9 k € | -27.5% | 5,4 k € | +5.8% | 5,1 k € | +18.6% | 4,3 k € | -37.8% | 7 k € | +65.7% | 4,2 k € | -22.2% | 5,4 k € | +1.1% | 5,4 k € | -23.9% | 7 k € |
| Debts | 1 M € | -9.2% | 1,1 M € | -4.6% | 1,2 M € | -69.2% | 3,9 M € | +15.1% | 3,4 M € | +4.7% | 3,2 M € | -17.7% | 3,9 M € | +8.7% | 3,6 M € | -18.2% | 4,4 M € | +65.7% | 2,7 M € | +30.0% | 2,1 M € | +13.4% | 1,8 M € | +5.3% | 1,7 M € | +5.2% | 1,6 M € | +13.1% | 1,4 M € | -9.3% | 1,6 M € | +2.4% | 1,6 M € | -46.4% | 2,9 M € | -4.8% | 3,1 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 19,5 ETP | -5.8% | 20,7 ETP | -0.5% | 20,8 ETP | -9.6% | 23,0 ETP | -10.5% | 25,7 ETP | +8.4% | 23,7 ETP | +0.4% | 23,6 ETP | -2.1% | 24,1 ETP | -8.4% | 26,3 ETP | -6.1% | 28,0 ETP | +5.3% | 26,6 ETP | +6.0% | 25,1 ETP | -1.2% | 25,4 ETP | +5.0% | 24,2 ETP | +4.8% | 23,1 ETP | +5.5% | 21,9 ETP | +8.4% | 20,2 ETP | +6.9% | 18,9 ETP | -3.1% | 19,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 28 active · 172 ended
Active mandates
Laurent Jacques Choain
ActiveIan Fenwick
ActiveSuhnaz Yilmaz Ozbagci
ActiveYolande Chan
ActiveGrzegorz Dariusz Mazurek
ActiveJikyeong Kang
ActiveLaurent Jacques Choain
ActiveMassimo Bergami
ActiveEric Cornuel
ActiveGrzegorz Dariusz Mazurek
ActiveEric Cornuel
ActiveAlain Dominique Perrin
ActiveAlice Guilhon
ActiveBaback Yazdani
ActiveEric Cornuel
ActiveFrank Bournois
ActiveHirokazu Kono
ActiveJikyeong Kang
ActiveKar Yan Tam
ActiveLuiz Ledur Brito
ActiveMassimo Bergami
ActiveMetka Tekavcic
ActivePeter Moizer
ActiveRebecca Susan Taylor
ActiveRebecca Susan Taylor
ActiveSantiago Iniguez De Onzono Garcia
ActiveSaul Klein
ActiveThomas Andreas Bieger
ActiveEnded mandates
The Open University Business School
EndedCCIP - Chambre de Commerce et d'Industrie de Paris
EndedCENTRUM Católica, Pontificia Universidad Católica del Perú
EndedESADE Business School, ESADE University
EndedAt this address
Other companies at this address
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|---|---|
A2PA● Active | 1016.381.440 |
ACA REAL ESTATE● Active | 0736.399.947 |
A.C.P. RUE GACHARD 88● Active | 0850.208.364 |
| 0449.311.027 | |
AKAPRODUCERS● Active | 0824.332.724 |
Aliosha● Active | 0783.632.019 |
ARKONA● Active | 0717.625.497 |
| 0407.921.721 | |
AUDAG● Active | 0431.966.734 |
BEWOW● Active | 0722.854.292 |
Bio-Tech-Business● Active | 0637.774.802 |
Blanche● Active | 1024.141.143 |
Bleue● Active | 0758.685.993 |
Blue Mountain Owl● Active | 0653.802.467 |
Bringing Light To Business● Active | 0500.844.454 |
| 0500.839.506 | |
C3F Belgium● Active | 1018.510.886 |
C4F● Active | 0846.794.954 |
Capstone Advisory● Active | 1033.121.462 |
Casteau Homes● Liquidation | 0405.960.836 |
Financials
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 | 01/07/2026 | 17/06/2025 | 12/06/2024 | 27/06/2023 | 12/07/2022 | 15/11/2021 |
| General meeting | 08/06/2026 | 02/06/2025 | 10/06/2024 | 12/06/2023 | 30/06/2022 | 30/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 08/06/2026 | 01/07/2026 | French | |
| Full model | 31/12/2024 | 02/06/2025 | 17/06/2025 | French | |
| Full model | 31/12/2023 | 10/06/2024 | 12/06/2024 | French | |
| Full model | 31/12/2022 | 12/06/2023 | 27/06/2023 | French | |
| Full model | 31/12/2021 | 30/06/2022 | 12/07/2022 | French | |
| Full modelCorrection | 31/12/2020 | 30/06/2021 | 15/11/2021 | French | |
| Full model | 31/12/2020 | 30/06/2021 | 09/07/2021 | French | |
| Full model | 31/12/2019 | 06/07/2020 | 24/07/2020 | French | |
| Full model | 31/12/2018 | 06/06/2019 | 26/07/2019 | French | |
| Full model | 31/12/2017 | 07/06/2018 | 25/07/2018 | French | |
| Full model | 31/12/2016 | 08/06/2017 | 12/06/2017 | French | |
| Full model | 31/12/2015 | 13/06/2016 | 25/07/2016 | French | |
| Full model | 31/12/2014 | 08/06/2015 | 30/07/2015 | French | |
| Full model | 31/12/2013 | 16/06/2014 | 28/08/2014 | French | |
| Full model | 31/12/2012 | 10/06/2013 | 29/07/2013 | French | |
| Full model | 31/12/2011 | 14/05/2012 | 23/05/2012 | French | |
| Full model | 31/12/2010 | 06/06/2011 | 26/07/2011 | French | |
| Full model | 31/12/2009 | 07/06/2010 | 26/07/2010 | French | |
| Full model | 31/12/2008 | 08/06/2009 | 27/07/2009 | French | |
| Abridged model | 31/12/2007 | 09/06/2008 | 10/07/2008 | French | |
| Abridged model | 31/12/2006 | 11/06/2007 | 27/07/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 28 active · 172 ended
Active mandates
Laurent Jacques Choain
ActiveIan Fenwick
ActiveSuhnaz Yilmaz Ozbagci
ActiveYolande Chan
ActiveGrzegorz Dariusz Mazurek
ActiveJikyeong Kang
ActiveLaurent Jacques Choain
ActiveMassimo Bergami
ActiveEric Cornuel
ActiveGrzegorz Dariusz Mazurek
ActiveEric Cornuel
ActiveAlain Dominique Perrin
ActiveAlice Guilhon
ActiveBaback Yazdani
ActiveEric Cornuel
ActiveFrank Bournois
ActiveHirokazu Kono
ActiveJikyeong Kang
ActiveKar Yan Tam
ActiveLuiz Ledur Brito
ActiveMassimo Bergami
ActiveMetka Tekavcic
ActivePeter Moizer
ActiveRebecca Susan Taylor
ActiveRebecca Susan Taylor
ActiveSantiago Iniguez De Onzono Garcia
ActiveSaul Klein
ActiveThomas Andreas Bieger
ActiveEnded mandates
The Open University Business School
EndedCCIP - Chambre de Commerce et d'Industrie de Paris
EndedCENTRUM Católica, Pontificia Universidad Católica del Perú
EndedESADE Business School, ESADE University
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates20/08/2026ERRATUM, DÉMISSIONS, NOMINATIONS
- Mandates31/10/2025DEMISSIONS, NOMINATIONS
- Mandates10/01/2025DEMISSIONS, NOMINATIONS
- Mandates02/12/2024DEMISSIONS, NOMINATIONS
- Mandates14/11/2024DEMISSIONS, NOMINATIONS
- Mandates13/03/2024DEMISSIONS, NOMINATIONS
- Mandates25/01/2024DEMISSIONS, NOMINATIONS
- Mandates15/09/2023DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025329,2 k €↑
- 2024Annual accounts 2024326,7 k €↓
- 2023Annual accounts 2023338,2 k €↑
- 2022Annual accounts 2022283 k €↑
- 2021Annual accounts 2021261,7 k €↑
- 2020Annual accounts 2020233,5 k €↓
- 2019Annual accounts 2019243,3 k €↑
- 2018Annual accounts 2018225,2 k €↑
- 2017Annual accounts 2017215,2 k €↑
- 2016Annual accounts 2016185,2 k €↑
- 2015Annual accounts 2015165,9 k €↑
- 2014Annual accounts 2014139,8 k €↓
- 2013Annual accounts 2013174 k €↓
- 2012Annual accounts 2012228,9 k €↓
- 2011Annual accounts 2011472,8 k €↑
- 2010Annual accounts 2010383,3 k €↓
- 2009Annual accounts 2009523,1 k €↑
- 2008Annual accounts 2008497 k €↑
- 2007Annual accounts 2007240 k €
- 11/10/1971IncorporationInternational non-profit organization