ACTIVE

Entreprise de Travail Adapté - APN

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Financial year 2025 · Closed on 31/12/2025

Net result4,6 k €+107,4 %over 1 year
Gross margin1,7 M €+9,4 %over 1 year
Equity1,1 M €-0,2 %over 1 year
Workforce42,0 ETP-3,9 %over 1 year

Identity

Source · BCE/KBO

Entreprise de Travail Adapté - APN is a Non-profit organization incorporated in 1972. Its main activity is: Other printing. Its registered office is in Nivelles. It employs on average 42,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0411.929.207
Incorporation
05/01/1972
Legal form
Non-profit organization
Registered office
Rue du Commerce 15
1400 Nivelles · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
42,0 ETP
Joint committees (1)
  • 32703
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin1,7 M €1,5 M €1,5 M €1,3 M €1,4 M €
EBITDA134,7 k €68,8 k €132,8 k €-3,1 k €235,3 k €
Operating result16,7 k €-37,9 k €37,5 k €-105,6 k €130,7 k €
Net result4,6 k €-61,9 k €15,1 k €-106,3 k €130,5 k €
Balance sheet
Equity1,1 M €1,1 M €1,2 M €1,2 M €1,3 M €
Total assets2,1 M €2 M €2 M €1,8 M €2,2 M €
Cash52 k €109,6 k €63,7 k €86,7 k €107,6 k €
Debts1 M €868,4 k €755,5 k €656 k €859,1 k €
Other
Workforce42,0 ETP43,7 ETP42,2 ETP41,4 ETP44,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 66 ended

Active mandates

Jean-Paul RAPETTI

Director · since 24 avril 2025 · until 24 avril 2029

Active
Marc LOUIS

Chairman of the board of directors · since 24 avril 2025 · until 24 avril 2029

Active
Marcel DUPUIS

Director · since 24 avril 2025 · until 24 avril 2029

Active
Michel BELLEFLAMME

Managing director · since 24 avril 2025 · until 24 avril 2029

Active
Pierre MARNEFFE

Director · since 24 avril 2025 · until 24 avril 2029

Active
Thierry VAN PEE

Director · since 24 avril 2025 · until 24 mai 2029

Active
Yves CUISENAIRE

Director · since 24 avril 2025 · until 24 avril 2029

Active

Ended mandates

Daniel BIERNAUX

Director · since 29 juin 2021 · until 24 avril 2025

Ended
Daniel BIERNAUX

Director · since 29 juin 2021 · until 23 mai 2025

Ended
Hector MOTTE

Director · since 29 juin 2021 · until 23 mai 2023

Ended
HECTOR MOTTE

Director · since 29 juin 2021 · until 23 mai 2025

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202631/07/202503/05/202402/06/202304/07/202230/06/2021
General meeting09/04/202624/04/202524/04/202428/03/202314/06/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/04/202631/08/2026FrenchPDF
Abridged model31/12/202424/04/202531/07/2025FrenchPDF
Abridged model31/12/202324/04/202403/05/2024FrenchPDF
Abridged model31/12/202228/03/202302/06/2023FrenchPDF
Abridged model31/12/202114/06/202204/07/2022FrenchPDF
Abridged model31/12/202029/06/202130/06/2021FrenchPDF
Abridged model31/12/201901/09/202007/09/2020FrenchPDF
Abridged model31/12/201828/05/201929/05/2019FrenchPDF
Abridged model31/12/201731/05/201828/06/2018FrenchPDF
Abridged modelCorrection31/12/201623/05/201712/09/2017FrenchPDF
Abridged model31/12/201623/05/201722/06/2017FrenchPDF
Abridged model31/12/201524/05/201615/06/2016FrenchPDF
Abridged model31/12/201426/05/201516/06/2015FrenchPDF
Abridged model31/12/201303/06/201423/06/2014FrenchPDF
Abridged model31/12/201215/05/201324/06/2013FrenchPDF
Abridged model31/12/201122/05/201223/05/2012FrenchPDF
Abridged model31/12/201026/05/201106/06/2011FrenchPDF
Abridged model31/12/200918/05/201004/06/2010FrenchPDF
Abridged model31/12/200826/05/200915/06/2009FrenchPDF
Abridged model31/12/200727/05/200809/06/2008FrenchPDF
Abridged model31/12/200626/04/200726/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 66 ended

Active mandates

Jean-Paul RAPETTI

Director · since 24 avril 2025 · until 24 avril 2029

Active
Marc LOUIS

Chairman of the board of directors · since 24 avril 2025 · until 24 avril 2029

Active
Marcel DUPUIS

Director · since 24 avril 2025 · until 24 avril 2029

Active
Michel BELLEFLAMME

Managing director · since 24 avril 2025 · until 24 avril 2029

Active
Pierre MARNEFFE

Director · since 24 avril 2025 · until 24 avril 2029

Active
Thierry VAN PEE

Director · since 24 avril 2025 · until 24 mai 2029

Active
Yves CUISENAIRE

Director · since 24 avril 2025 · until 24 avril 2029

Active

Ended mandates

Daniel BIERNAUX

Director · since 29 juin 2021 · until 24 avril 2025

Ended
Daniel BIERNAUX

Director · since 29 juin 2021 · until 23 mai 2025

Ended
Hector MOTTE

Director · since 29 juin 2021 · until 23 mai 2023

Ended
HECTOR MOTTE

Director · since 29 juin 2021 · until 23 mai 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates31/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/08/2023
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates20/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/07/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/06/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/06/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/07/2014
    DEMISSIONS, NOMINATIONS
    PDF

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 20254,6 k €↑
  2. 2024
    Annual accounts 2024-61,9 k €↓
  3. 2023
    Annual accounts 202315,1 k €↑
  4. 2022
    Annual accounts 2022-106,3 k €↓
  5. 2021
    Annual accounts 2021130,5 k €↑
  6. 2020
    Annual accounts 202047,3 k €↑
  7. 2019
    Annual accounts 2019-187,1 k €↓
  8. 2018
    Annual accounts 20185,5 k €↓
  9. 2017
    Annual accounts 201710,1 k €↓
  10. 2016
    Annual accounts 201627,4 k €↑
  11. 2015
    Annual accounts 20156,3 k €↓
  12. 2014
    Annual accounts 201438 k €↑
  13. 2013
    Annual accounts 2013
  14. 2012
    Annual accounts 201219,1 k €↓
  15. 2011
    Annual accounts 201127,5 k €↑
  16. 2010
    Annual accounts 20104,8 k €↓
  17. 2009
    Annual accounts 200955,8 k €↑
  18. 2008
    Annual accounts 200812,1 k €↓
  19. 2007
    Annual accounts 200758,2 k €
  20. 05/01/1972
    IncorporationNon-profit organization