ACTIVE

Borgerstein

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Financial year 2025 · Closed on 31/12/2025

Net result539,2 k €-21,4 %over 1 year

Revenue14,7 M €+1,3 %over 1 year

Equity38,5 M €+0,8 %over 1 year

Workforce548,1 ETP+1,1 %over 1 year

Identity

Source · BCE/KBO

Borgerstein is a Non-profit organization incorporated in 1973. Its main activity is: General secondary education. Its registered office is in Sint-Katelijne-Waver. It employs on average 548,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0413.895.535
Incorporation: 28/12/1973
Legal form: Non-profit organization
Registered office: Kapelweg 7
2860 Sint-Katelijne-Waver · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 548,1 ETP

Activities (NACE)

85314General secondary education· main 87202Residential care activities for mental retardation, mental health and substance abuse 87202Residential care activities for mental retardation, mental health and substance abuse 88993Other social work activities without accommodation n.e.c.88995Other social work activities without accommodation n.e.c.46170Agents involved in the sale of food, beverages and tobacco+3

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 18 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	14,7 M €	+1.3%	14,5 M €	+37.8%	10,5 M €	+13.5%	9,3 M €	+10.4%	8,4 M €
EBITDA	3,8 M €	+4.6%	3,6 M €	+17.0%	3,1 M €	-64.1%	8,6 M €	+535%	1,3 M €
Operating result	719,1 k €	+14.5%	628 k €	+1046%	54,8 k €	-99.0%	5,6 M €	+941%	-664,3 k €
Net result	539,2 k €	-21.4%	686,2 k €	+149%	275,9 k €	-93.8%	4,4 M €	+698%	-739,8 k €
Balance sheet
Equity	38,5 M €	+0.8%	38,2 M €	+1.3%	37,7 M €	+1.2%	37,2 M €	+12.6%	33,1 M €
Total assets	66,9 M €	-1.8%	68,1 M €	-2.4%	69,8 M €	-4.8%	73,3 M €	+1.0%	72,5 M €
Cash	4,6 M €	+48.4%	3,1 M €	+81.6%	1,7 M €	-29.9%	2,4 M €	-27.0%	3,3 M €
Debts	28,2 M €	-5.1%	29,7 M €	-7.0%	31,9 M €	-10.9%	35,9 M €	-8.4%	39,2 M €
Other
Workforce	548,1 ETP	+1.1%	542,2 ETP	0.0%	542,2 ETP	-1.0%	547,5 ETP	+1.2%	540,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 19 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Annemie WITTEMANS	Directorsince 21/05/2025
Geert MILH	Managing directorsince 17/05/2023
Gunter NAETS	Directorsince 16/05/2018
Linda CAMBRE	Directorsince 16/05/2018
Nora NYS	Directorsince 16/05/2018
Fatima EL JAOUHARI	Directorsince 17/05/2017
Nils VANSTAPPEN	Directorsince 17/05/2017
Michel JENNE	Directorsince 15/06/2016
Elke DE SCHUTTER	Directorsince 26/09/2015
Koen VAN DER DOOD	Directorsince 26/09/2015
Diederik VANSTAPPEN	Chairman of the board of directors
Jan GYSEN	Vice-chairman of the board of directorsManaging director2014 accountsended
Walter BUIJS	Directoruntil 21/01/2026Managing director2017 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kaat Van Loock	Director18/05/2022 → 2023 accounts
Chris DE WEERDT	Director16/05/2018 → 17/05/2023

Full financial information

Source · NBB

	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	21/05/2026	22/05/2025	22/05/2024	01/06/2023	31/05/2022	21/05/2021
General meeting	20/05/2026	21/05/2025	15/05/2024	17/05/2023	18/05/2022	19/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	20/05/2026	21/05/2026	Dutch	PDF
Full model	31/12/2024	21/05/2025	22/05/2025	Dutch	PDF
Full model	31/12/2023	15/05/2024	22/05/2024	Dutch	PDF
Full model	31/12/2022	17/05/2023	01/06/2023	Dutch	PDF
Full model	31/12/2021	18/05/2022	31/05/2022	Dutch	PDF
Full model	31/12/2020	19/05/2021	21/05/2021	Dutch	PDF
Full model	31/12/2019	27/05/2020	08/06/2020	Dutch	PDF
Full model	31/12/2018	15/05/2019	16/05/2019	Dutch	PDF
Full model	31/12/2017	16/05/2018	17/05/2018	Dutch	PDF
Full model	31/12/2016	17/05/2017	18/05/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	22/06/2016	Dutch	PDF
Full model	31/12/2014	20/05/2015	22/05/2015	Dutch	PDF
Full model	31/12/2013	21/05/2014	22/05/2014	Dutch	PDF
Full model	31/12/2012	22/05/2013	27/05/2013	Dutch	PDF
Full model	31/12/2011	16/05/2012	01/06/2012	Dutch	PDF
Full model	31/12/2010	18/05/2011	23/05/2011	Dutch	PDF
Full model	31/12/2009	19/05/2010	21/05/2010	Dutch	PDF
Full model	31/12/2008	20/05/2009	26/05/2009	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

13 active · 19 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Annemie WITTEMANS	Directorsince 21/05/2025
Geert MILH	Managing directorsince 17/05/2023
Gunter NAETS	Directorsince 16/05/2018
Linda CAMBRE	Directorsince 16/05/2018
Nora NYS	Directorsince 16/05/2018
Fatima EL JAOUHARI	Directorsince 17/05/2017
Nils VANSTAPPEN	Directorsince 17/05/2017
Michel JENNE	Directorsince 15/06/2016
Elke DE SCHUTTER	Directorsince 26/09/2015
Koen VAN DER DOOD	Directorsince 26/09/2015
Diederik VANSTAPPEN	Chairman of the board of directors
Jan GYSEN	Vice-chairman of the board of directorsManaging director2014 accountsended
Walter BUIJS	Directoruntil 21/01/2026Managing director2017 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kaat Van Loock	Director18/05/2022 → 2023 accounts
Chris DE WEERDT	Director16/05/2018 → 17/05/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Annemie WITTEMANS

Geert MILH

Gunter NAETS

Linda CAMBRE

Nora NYS

Elke DE SCHUTTER

Diederik VANSTAPPEN

Jan GYSEN

Fatima EL JAOUHARI

Michel JENNE

Nils VANSTAPPEN

Walter BUIJS

Show the 20 other mandates

197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Borgerstein

Kapelweg 7, 2860 Sint-Katelijne-Waver

Director

Managing director

Director

Chairman of the board of directors

Vice-chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kapelweg 7, 2860 Sint-Katelijne-WaverCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00118897

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BorgersteinCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00118897

Events

20/05/2026
nominationChristian Caluwaerts · commissaris
2025
Annual accounts 2025539,2 k €↓
21/05/2025
nominationAnnemie Wittemans · lid van het Bestuur
2024
Annual accounts 2024686,2 k €↑
2023
Annual accounts 2023275,9 k €↓
21/06/2023
nominationDirk Vanstappen · voorzitter
21/06/2023
nominationJan Gysen · ondervoorzitter
21/06/2023
nominationGeert Milh · gedelegeerd bestuurder
17/05/2023
reconductionWalter Buijs · bestuurder
17/05/2023
reconductionTheo De Jonckheere · bestuurder
17/05/2023
reconductionElke De Schutter · bestuurder
17/05/2023
reconductionJan Gysen · bestuurder
17/05/2023
reconductionKoen Van der dood · bestuurder
17/05/2023
reconductionDirk Vanstappen · bestuurder
17/05/2023
nominationGeert Milh · bestuurder, belast met het dagelijks bestuur
17/05/2023
nominationChristian Caluwaerts · commissaris
2022
Annual accounts 20224,4 M €↑
18/05/2022
nominationKaat Van Loock · bestuurder
2021
Annual accounts 2021-739,8 k €↓
2020
Annual accounts 20201,8 M €↑
2019
Annual accounts 20191,7 M €↑
2018
Annual accounts 2018132 k €↓
2017
Annual accounts 20172,1 M €↑
2016
Annual accounts 2016310,9 k €↑
2015
Annual accounts 2015179,8 k €↓
2014
Annual accounts 2014194,1 k €↑
2013
Annual accounts 201356,5 k €↓
2012
Annual accounts 20121 M €↑
2011
Annual accounts 2011625,9 k €↓
2010
Annual accounts 2010961,1 k €↓
2009
Annual accounts 20091,3 M €↑
2008
Annual accounts 2008443,2 k €
28/12/1973
IncorporationNon-profit organization

Borgerstein

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events