ACTIVE

Cercles des Naturalistes de Belgique

Financial year 2025 · Closed on 31/12/2025

Net result-12,9 k €-143,3 %over 1 year
Revenue847,5 k €+7,7 %over 1 year
Equity1,1 M €-5,1 %over 1 year
Workforce41,5 ETP+2,2 %over 1 year

Identity

Source · BCE/KBO

Cercles des Naturalistes de Belgique is a Non-profit organization incorporated in 1972. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Viroinval. It employs on average 41,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0412.040.360
Incorporation
18/02/1972
Legal form
Non-profit organization
Registered office
Rue des Ecoles, Vierves 21
5670 Viroinval · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
41,5 ETP
Joint committees (1)
  • 329
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue847,5 k €786,9 k €799,7 k €––
EBITDA131,6 k €149 k €252,2 k €41,8 k €214,2 k €
Operating result-4 k €32,8 k €142,6 k €-70,4 k €106,8 k €
Net result-12,9 k €29,8 k €138,9 k €-42,6 k €101,9 k €
Balance sheet
Equity1,1 M €1,1 M €1,1 M €1,1 M €1,2 M €
Total assets1,9 M €1,7 M €1,6 M €1,4 M €1,4 M €
Cash667,6 k €369,4 k €461,8 k €331,9 k €265 k €
Debts583 k €533 k €417,3 k €350,8 k €231,5 k €
Other
Workforce41,5 ETP40,6 ETP38,8 ETP35,7 ETP30,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

18 active · 75 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Alain BOENTEN
Mandate
00
Annik SCHOUMAKER
Mandate
Bernadette DANDOIS
Mandate
000
Brigitte BARENBURG
Mandate
CHRISTIAN PAQUET
Mandate
000
Christophe VERMONDEN
Mandate
000
ELISABETH FAUVILLE
Mandate
Esther BRIHAYE
Mandate
Françoise HENROTTE
Mandate
Jacques HOUBART
Mandate
Jean-Marc FAUVILLE
Mandate
Jean-Marie BOUDART
Mandate
Johan YANS
Mandate
Marie-Eve CASTERMANS
Mandate
MICHAEL PONTEGNIE
Mandate
000
Pierre BONMARIAGE
Mandate
Sandra MOREELS
Mandate
Thierry MALBERT
Mandate

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
MICHAEL PONTEGNIE
Directorsince 11/06/2022
000
SANDRA MOREELS
Directorsince 11/06/2022
FRANCOISE HENROTTE
Directorsince 18/04/2015
KATHERINE SCHUILING
Directorsince 18/04/2015

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull 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 date30/07/202621/08/202528/06/202419/05/202305/07/202218/07/2021
General meeting06/06/202617/05/202527/04/202422/04/202311/06/202205/06/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202506/06/202630/07/2026FrenchPDF
Full model31/12/202417/05/202521/08/2025FrenchPDF
Full model31/12/202327/04/202428/06/2024FrenchPDF
Abridged model31/12/202222/04/202319/05/2023FrenchPDF
Abridged model31/12/202111/06/202205/07/2022FrenchPDF
Abridged model31/12/202005/06/202118/07/2021FrenchPDF
Abridged model31/12/201929/08/202024/09/2020FrenchPDF
Abridged model31/12/201827/04/201920/05/2019FrenchPDF
Abridged model31/12/201715/04/201809/05/2018FrenchPDF
Abridged model31/12/201609/04/201702/05/2017FrenchPDF
Abridged model31/12/201517/04/201613/05/2016FrenchPDF
Abridged model31/12/201418/04/201525/05/2015FrenchPDF
Abridged model31/12/201330/03/201412/05/2014FrenchPDF
Abridged model31/12/201224/03/201307/05/2013FrenchPDF
Abridged model31/12/201131/03/201208/05/2012FrenchPDF
Abridged model31/12/201027/03/201104/05/2011FrenchPDF
Abridged model31/12/200928/03/201031/05/2010FrenchPDF
Abridged model31/12/200804/04/200930/06/2009FrenchPDF
Abridged model31/12/200705/04/200823/04/2008FrenchPDF
Abridged model31/12/200624/03/200711/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

18 active · 75 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Alain BOENTEN
Mandate
00
Annik SCHOUMAKER
Mandate
Bernadette DANDOIS
Mandate
000
Brigitte BARENBURG
Mandate
CHRISTIAN PAQUET
Mandate
000
Christophe VERMONDEN
Mandate
000
ELISABETH FAUVILLE
Mandate
Esther BRIHAYE
Mandate
Françoise HENROTTE
Mandate
Jacques HOUBART
Mandate
Jean-Marc FAUVILLE
Mandate
Jean-Marie BOUDART
Mandate
Johan YANS
Mandate
Marie-Eve CASTERMANS
Mandate
MICHAEL PONTEGNIE
Mandate
000
Pierre BONMARIAGE
Mandate
Sandra MOREELS
Mandate
Thierry MALBERT
Mandate

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
MICHAEL PONTEGNIE
Directorsince 11/06/2022
000
SANDRA MOREELS
Directorsince 11/06/2022
FRANCOISE HENROTTE
Directorsince 18/04/2015
KATHERINE SCHUILING
Directorsince 18/04/2015

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates31/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/09/2022
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates06/06/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/06/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/06/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/06/2014
    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 2025-12,9 k €↓
  2. 2024
    Annual accounts 202429,8 k €↓
  3. 2023
    Annual accounts 2023138,9 k €↑
  4. 2022
    Annual accounts 2022-42,6 k €↓
  5. 2021
    Annual accounts 2021101,9 k €↑
  6. 2020
    Annual accounts 2020-81,8 k €↓
  7. 2019
    Annual accounts 2019-50,6 k €↓
  8. 2018
    Annual accounts 2018-16,9 k €↑
  9. 2017
    Annual accounts 2017-42,2 k €↓
  10. 2016
    Annual accounts 201611,8 k €↑
  11. 2015
    Annual accounts 20153,9 k €↓
  12. 2014
    Annual accounts 20146,2 k €↑
  13. 2013
    Annual accounts 2013-112,1 k €↓
  14. 2012
    Annual accounts 201220,8 k €↓
  15. 2011
    Annual accounts 2011297,5 k €↑
  16. 2010
    Annual accounts 201041,8 k €↓
  17. 2009
    Annual accounts 2009181 k €↑
  18. 2008
    Annual accounts 200840,4 k €
  19. 18/02/1972
    IncorporationNon-profit organization

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue des Ecoles, Vierves 21, 5670 ViroinvalCurrent
accounts 2023 → 2025 · CBE, tracked since 27/09/2026
Accounts 2025 · 2026-00377002
RUE DES ECOLES 21, 5670 Viroinval
accounts 2021 → 2022
Accounts 2022 · 2023-00090198

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.