ACTIVE

De Kade

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Financial year 2025 · closed on 31/12/2025

Net result

803,2 k €

-66.0% YoY

Revenue

7,8 M €

+0.5% YoY

Equity

64,5 M €

+0.3% YoY

Workforce

657,5 ETP

+1.3% YoY

What does De Kade do?

De Kade is a Non-profit organization incorporated in 1973. Its main activity is: General secondary education. Its registered office is in Brugge. It employs on average 657,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.650.659

Incorporation

17/09/1973

Legal form

Non-profit organization

Registered office

Potterierei 42
8000 Brugge · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

657,5 ETP

Activities (NACE)

85311General secondary education· main 87201Residential care activities for mental retardation, mental health and substance abuse 87201Residential care activities for mental retardation, mental health and substance abuse 87202Residential care activities for mental retardation, mental health and substance abuse 87202Residential care activities for mental retardation, mental health and substance abuse

Joint committees (6)

15201
225
22501
319
31901
330

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

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	7,8 M €	+0.5%	7,7 M €	+1.3%	7,6 M €	+11.0%	6,9 M €	+5.5%	6,5 M €	+4.1%	6,3 M €	-5.9%	6,7 M €	+5.2%	6,3 M €	+1.5%	6,2 M €	+4.3%	6 M €	+1.2%	5,9 M €	+3.5%	5,7 M €	-2.5%	5,8 M €	+2.7%	5,7 M €	+3.4%	5,5 M €	+306%	1,4 M €	+6.0%	1,3 M €	+4.0%	1,2 M €	+5.1%	1,2 M €
EBITDA	4,3 M €	-14.2%	5 M €	-2.2%	5,2 M €	+8.8%	4,7 M €	+21.4%	3,9 M €	-14.5%	4,6 M €	+6.7%	4,3 M €	-0.7%	4,3 M €	+9.8%	3,9 M €	-6.7%	4,2 M €	+14.8%	3,7 M €	+20.1%	3 M €	+32.9%	2,3 M €	+15.0%	2 M €	-12.2%	2,3 M €	+47.8%	1,5 M €	+24.5%	1,2 M €	-2.1%	1,3 M €	+30.5%	966,9 k €
Operating result	747,6 k €	-55.5%	1,7 M €	-7.0%	1,8 M €	+23.9%	1,5 M €	+30.3%	1,1 M €	-39.4%	1,8 M €	+11.9%	1,6 M €	-12.1%	1,9 M €	+6.7%	1,8 M €	-12.6%	2 M €	+33.3%	1,5 M €	+24.6%	1,2 M €	+140%	503,8 k €	+458%	90,3 k €	-81.6%	491,5 k €	-17.9%	599 k €	+78.4%	335,8 k €	-34.9%	516,2 k €	+104%	252,5 k €
Net result	803,2 k €	-66.0%	2,4 M €	+6.9%	2,2 M €	+212%	710,5 k €	-38.0%	1,1 M €	-27.2%	1,6 M €	+4.4%	1,5 M €	+3.8%	1,5 M €	-13.2%	1,7 M €	-9.5%	1,8 M €	+35.6%	1,4 M €	-6.0%	1,5 M €	+1018%	129,8 k €	-21.4%	165,2 k €	-57.8%	391,3 k €	-47.1%	739,7 k €	+55.9%	474,5 k €	-11.7%	537,6 k €	+321%	127,8 k €
Balance sheet
Equity	64,5 M €	+0.3%	64,3 M €	+2.9%	62,5 M €	+2.5%	61 M €	+0.3%	60,8 M €	+0.8%	60,3 M €	+1.2%	59,6 M €	+3.1%	57,8 M €	+20.6%	47,9 M €	+2.4%	46,8 M €	+4.7%	44,7 M €	+62.4%	27,5 M €	+12.6%	24,4 M €	+4.5%	23,4 M €	+1.4%	23,1 M €	+101%	11,5 M €	+5.7%	10,8 M €	+3.2%	10,5 M €	+12.0%	9,4 M €
Total assets	86,5 M €	+0.9%	85,7 M €	+1.7%	84,3 M €	+3.8%	81,2 M €	-0.7%	81,7 M €	+5.4%	77,5 M €	+5.1%	73,8 M €	+3.3%	71,4 M €	+18.6%	60,2 M €	+1.7%	59,2 M €	+2.6%	57,7 M €	+44.2%	40 M €	+10.8%	36,1 M €	+11.1%	32,5 M €	-0.9%	32,8 M €	+99.1%	16,5 M €	+6.9%	15,4 M €	+0.9%	15,3 M €	+10.5%	13,8 M €
Cash	5,3 M €	-72.0%	18,9 M €	+75.9%	10,8 M €	-29.7%	15,3 M €	+6.8%	14,3 M €	+59.4%	9 M €	-1.2%	9,1 M €	-17.6%	11 M €	+16.8%	9,4 M €	+27.0%	7,4 M €	+159%	2,9 M €	+28.4%	2,2 M €	-53.8%	4,8 M €	+33.8%	3,6 M €	+15.9%	3,1 M €	+152%	1,2 M €	+385%	254,5 k €	+673%	32,9 k €	-54.3%	72,1 k €
Debts	18,2 M €	+1.0%	18 M €	-3.5%	18,7 M €	+7.5%	17,4 M €	-5.1%	18,3 M €	+23.3%	14,9 M €	+26.2%	11,8 M €	+7.3%	11 M €	+9.0%	10,1 M €	-3.1%	10,4 M €	-6.3%	11,1 M €	+2.9%	10,8 M €	+3.9%	10,4 M €	+28.7%	8 M €	-5.8%	8,5 M €	+100%	4,3 M €	+5.0%	4,1 M €	+0.7%	4 M €	+6.8%	3,8 M €
Other
Workforce	657,5 ETP	+1.3%	649,0 ETP	+1.4%	640,1 ETP	-0.7%	644,8 ETP	+0.7%	640,6 ETP	+2.1%	627,6 ETP	+1.1%	620,5 ETP	+8.2%	573,4 ETP	+6.1%	540,4 ETP	-0.1%	540,7 ETP	+0.9%	535,7 ETP	+1.0%	530,3 ETP	+0.7%	526,4 ETP	+1.1%	520,7 ETP	+1.5%	513,1 ETP	+66.3%	308,6 ETP	+1.9%	302,7 ETP	+2.6%	294,9 ETP	+0.7%	292,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 11 active · 72 ended

Active mandates

Paul Braem

Director · since 27 janvier 2026 · until 30 juin 2030

Active

Wim Boydens

Director · since 27 janvier 2026 · until 30 juin 2030

Active

Christiaan De Nys - Ketels

Director · since 25 juin 2024 · until 25 juin 2030

Active

Johan Strubbe

Director · since 26 novembre 2019 · until 25 juin 2030

Active

Els Legroe

Director · since 15 décembre 2015 · until 25 juin 2030

Active

Koen Declerck

Vice-chairman of the board of directors · since 15 décembre 2015 · until 25 juin 2030

Active

Leo De Smet

Chairman of the board of directors · since 15 décembre 2015 · until 11 juin 2030

Active

Godelieve Standaert

Director · since 28 juin 2011 · until 16 juillet 2026

Active

Karlos Dewagtere

Director · since 21 décembre 2010 · until 11 août 2026

Active

Koen Oosterlinck

Director · since 21 décembre 2010 · until 25 juin 2030

Active

Marjan Tyberghien

Director · since 21 décembre 2010 · until 25 juin 2030

Active

Ended mandates

Franky Gotelaere

Director · since 25 juin 2024 · until 25 juin 2030

Ended

Johan Strubbe

Director · since 26 novembre 2019 · until 31 décembre 2024

Ended

Els Legroe

Director · since 15 décembre 2015 · until 20 décembre 2016

Ended

Els Legroe

Director · since 15 décembre 2015 · until 01 mars 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Hoorexpert De Kade● Active	0747.893.556
Kade-T● Active	0798.163.807

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	15/07/2026	03/07/2025	01/07/2024	04/07/2023	07/07/2022	01/07/2021
General meeting	23/06/2026	24/06/2025	25/06/2024	27/06/2023	21/06/2022	22/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	03/07/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	01/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	04/07/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	07/07/2022	Dutch	PDF
Full model	31/12/2020	22/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	23/06/2020	07/07/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	19/06/2018	06/07/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	04/07/2016	Dutch	PDF
Full model	31/12/2014	23/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	24/06/2014	07/07/2014	Dutch	PDF
Full model	31/12/2012	25/06/2013	04/07/2013	Dutch	PDF
Full model	31/12/2011	26/06/2012	17/07/2012	Dutch	PDF
Full model	31/12/2010	28/06/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	22/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	26/05/2009	25/06/2009	Dutch	PDF
Full model	31/12/2007	24/06/2008	15/07/2008	Dutch	PDF
Full model	31/12/2006	22/05/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 11 active · 72 ended

Active mandates

Paul Braem

Director · since 27 janvier 2026 · until 30 juin 2030

Active

Wim Boydens

Director · since 27 janvier 2026 · until 30 juin 2030

Active

Christiaan De Nys - Ketels

Director · since 25 juin 2024 · until 25 juin 2030

Active

Johan Strubbe

Director · since 26 novembre 2019 · until 25 juin 2030

Active

Els Legroe

Director · since 15 décembre 2015 · until 25 juin 2030

Active

Koen Declerck

Vice-chairman of the board of directors · since 15 décembre 2015 · until 25 juin 2030

Active

Leo De Smet

Chairman of the board of directors · since 15 décembre 2015 · until 11 juin 2030

Active

Godelieve Standaert

Director · since 28 juin 2011 · until 16 juillet 2026

Active

Karlos Dewagtere

Director · since 21 décembre 2010 · until 11 août 2026

Active

Koen Oosterlinck

Director · since 21 décembre 2010 · until 25 juin 2030

Active

Marjan Tyberghien

Director · since 21 décembre 2010 · until 25 juin 2030

Active

Ended mandates

Franky Gotelaere

Director · since 25 juin 2024 · until 25 juin 2030

Ended

Johan Strubbe

Director · since 26 novembre 2019 · until 31 décembre 2024

Ended

Els Legroe

Director · since 15 décembre 2015 · until 20 décembre 2016

Ended

Els Legroe

Director · since 15 décembre 2015 · until 01 mars 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other17/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

27/01/2026
nominationBoydens Wim — bijkomende bestuurder
27/01/2026
nominationBraem Paul — bijkomende bestuurder
2025
Annual accounts 2025803,2 k €↓
23/09/2025
nominationNatacha Waldmann — lid van het dagelijks bestuur
24/06/2025
nominationWalter Hosten — commissaris
2024
Annual accounts 20242,4 M €↑
26/06/2024
nominationLies Ouvry — lid van het dagelijks bestuur
26/06/2024
nominationVeronique Decock — lid van het dagelijks bestuur
26/06/2024
nominationEdelbert Dekeyzer — lid van het dagelijks bestuur
26/06/2024
nominationDelphine Dewulf — lid van het dagelijks bestuur
25/06/2024
nominationChristiaan De Nys-Ketels — bestuurder
25/06/2024
nominationFranky Gotelaere — bestuurder
25/06/2024
reconductionCallens Beatrijs — bestuurder
25/06/2024
reconductionLeo De Smet — bestuurder
25/06/2024
reconductionKoen Declerck — bestuurder
25/06/2024
reconductionKarlos Dewagtere — bestuurder
25/06/2024
reconductionEls Legroe — bestuurder
25/06/2024
reconductionKoen Oosterlinck — bestuurder
25/06/2024
reconductionGodelieve Standaert — bestuurder
25/06/2024
reconductionStrubbe Johan — bestuurder
25/06/2024
reconductionMarjan Tyberghien — bestuurder
2023
Annual accounts 20232,2 M €↑
2022
Annual accounts 2022710,5 k €↓
22/11/2022
nominationBulckaert Paul — lid dagelijks bestuur
22/11/2022
nominationDecock Veronique — lid dagelijks bestuur
22/11/2022
nominationDekeyzer Edelbert — lid dagelijks bestuur
22/11/2022
nominationDewulf Delphine — lid dagelijks bestuur
21/06/2022
nominationBV Walter Hosten — commissaris
2021
Annual accounts 20211,1 M €↓
2020
Annual accounts 20201,6 M €↑
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 20181,5 M €↓
2017
Annual accounts 20171,7 M €↓
2016
Annual accounts 20161,8 M €↑
2015
Annual accounts 20151,4 M €↓
2014
Annual accounts 20141,5 M €↑
2013
Annual accounts 2013129,8 k €↓
2012
Annual accounts 2012165,2 k €↓
2011
Annual accounts 2011391,3 k €↓
2010
Annual accounts 2010739,7 k €↑
2010
Name changeDe Kade
2009
Annual accounts 2009474,5 k €↓
2008
Annual accounts 2008537,6 k €↑
2007
Annual accounts 2007127,8 k €
2007
Name changeKoninklijk Medisch Pedagogisch Instituut Spermalie
17/09/1973
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

De Kade

Overview

What does De Kade do?

Trend over 19 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