ACTIVE

RAAKZAAM

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Financial year 2025 · closed on 31/12/2025

Net result

693,6 k €

+9.3% YoY

Revenue

2,4 M €

+11.2% YoY

Equity

9,4 M €

+7.6% YoY

Workforce

192,5 ETP

+4.7% YoY

What does RAAKZAAM do?

RAAKZAAM is a Non-profit organization incorporated in 1975. Its main activity is: General secondary education. Its registered office is in Sint-Niklaas. It employs on average 192,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.298.669

Incorporation

07/07/1975

Legal form

Non-profit organization

Registered office

Onze-Lieve-Vrouwplein 31
9100 Sint-Niklaas · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

192,5 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 94993Activities of other membership organisations n.e.c.94993Activities of other membership organisations n.e.c.35110Production of electricity+1

Joint committees (2)

31901
32901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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	2,4 M €	+11.2%	2,2 M €	+8.6%	2 M €	+26.6%	1,6 M €	+13.8%	1,4 M €	+24.8%	1,1 M €	+1.4%	1,1 M €	-4.9%	1,2 M €	+31.5%	875,3 k €	+7.0%	817,8 k €	+2.2%	800,5 k €	+0.1%	799,4 k €	-0.7%	805 k €	+4.8%	767,9 k €	+2.3%	750,6 k €	+6.0%	708 k €	-0.6%	712,3 k €	+3.9%	685,7 k €	+8.4%	632,8 k €
EBITDA	1 M €	-3.7%	1 M €	+66.2%	630,2 k €	+15.5%	545,8 k €	-42.2%	943,5 k €	+72.2%	548 k €	+33.2%	411,3 k €	-35.8%	640,8 k €	-12.4%	731,7 k €	+29.1%	566,6 k €	-8.7%	620,4 k €	+0.1%	619,8 k €	+54.1%	402,1 k €	+29.8%	309,9 k €	+10.4%	280,7 k €	+8.4%	259 k €	-9.1%	284,8 k €	+12.3%	253,7 k €	+5.1%	241,4 k €
Operating result	592,6 k €	+1.1%	586,1 k €	+258%	163,5 k €	+283%	42,7 k €	-90.7%	459,6 k €	+125%	204,4 k €	+200%	68,2 k €	-77.8%	307,4 k €	-33.5%	461,9 k €	+55.1%	297,8 k €	-13.5%	344,4 k €	-2.2%	352,1 k €	+166%	132,5 k €	+231%	40 k €	-60.0%	99,8 k €	+17.0%	85,3 k €	-26.4%	115,9 k €	+32.6%	87,4 k €	+9.7%	79,7 k €
Net result	693,6 k €	+9.3%	634,8 k €	+203%	209,6 k €	+193%	71,6 k €	-84.5%	462,5 k €	+162%	176,5 k €	+70.0%	103,8 k €	+160%	-172,5 k €	-127%	635,1 k €	+93.8%	327,7 k €	-2.0%	334,3 k €	+2.9%	325 k €	+183%	114,8 k €	+936%	11,1 k €	-85.0%	74 k €	+84.3%	40,2 k €	-50.7%	81,5 k €	+22.8%	66,4 k €	+28.0%	51,8 k €
Balance sheet
Equity	9,4 M €	+7.6%	8,7 M €	+6.4%	8,2 M €	-3.2%	8,5 M €	+3.2%	8,2 M €	+67.9%	4,9 M €	+0.7%	4,9 M €	-0.8%	4,9 M €	-5.9%	5,2 M €	+10.5%	4,7 M €	+4.4%	4,5 M €	+4.6%	4,3 M €	+9.0%	3,9 M €	+7.6%	3,7 M €	-2.9%	3,8 M €	+29.6%	2,9 M €	+33.2%	2,2 M €	+1.2%	2,2 M €	-0.5%	2,2 M €
Total assets	23,1 M €	+30.3%	17,7 M €	+25.3%	14,2 M €	-2.1%	14,5 M €	+1.3%	14,3 M €	+49.2%	9,6 M €	+2.4%	9,3 M €	-1.8%	9,5 M €	+8.1%	8,8 M €	+13.1%	7,8 M €	+2.0%	7,6 M €	-0.4%	7,7 M €	+1.3%	7,6 M €	+4.3%	7,3 M €	-5.1%	7,6 M €	+44.6%	5,3 M €	+43.3%	3,7 M €	-0.5%	3,7 M €	+1.9%	3,6 M €
Cash	1,1 M €	-55.6%	2,4 M €	+79.4%	1,4 M €	-46.2%	2,5 M €	-2.8%	2,6 M €	+160%	1 M €	-26.7%	1,4 M €	+16.8%	1,2 M €	+122%	527,3 k €	-27.6%	728,7 k €	+249%	209 k €	-50.4%	421 k €	-19.2%	521 k €	+322%	123,5 k €	-85.0%	822,9 k €	+3.5%	794,9 k €	+218%	249,6 k €	+343%	56,4 k €	+83.1%	30,8 k €
Debts	13,6 M €	+56.4%	8,7 M €	+48.4%	5,9 M €	-0.9%	5,9 M €	-0.5%	5,9 M €	+31.2%	4,5 M €	+5.6%	4,3 M €	-2.4%	4,4 M €	+31.6%	3,3 M €	+22.3%	2,7 M €	-0.3%	2,7 M €	-6.8%	2,9 M €	-10.1%	3,3 M €	-0.7%	3,3 M €	-7.8%	3,6 M €	+61.6%	2,2 M €	+57.4%	1,4 M €	-3.9%	1,5 M €	+1.9%	1,4 M €
Other
Workforce	192,5 ETP	+4.7%	183,8 ETP	+4.7%	175,6 ETP	+7.9%	162,7 ETP	-1.2%	164,7 ETP	+40.9%	116,9 ETP	+9.9%	106,4 ETP	+9.7%	97,0 ETP	+12.8%	86,0 ETP	+1.2%	85,0 ETP	-1.2%	86,0 ETP	0.0%	86,0 ETP	-1.1%	87,0 ETP	+4.8%	83,0 ETP	0.0%	83,0 ETP	+4.0%	79,8 ETP	-0.1%	79,9 ETP	+6.5%	75,0 ETP	+4.2%	72,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 71 ended

Active mandates

Daisy Van de Velde

Mandate

Active

Erik Peleman

Mandate

Active

Erik Van Acker

Mandate

Active

Géry Vanden Steene

Mandate

Active

Lorna Baert

Mandate

Active

Marcel Van Hoyweghen

Mandate

Active

Philip Peerens

Mandate

Active

Stefan Van den Brouck

Mandate

Active

Ended mandates

Daisy Van de Velde

Director · since 10 décembre 2024 · until 30 juin 2028

Ended

Stefan VAN DEN BROUCK

Director · since 10 décembre 2024 · until 30 juin 2028

Ended

ANNE-MARIE VAN STEENKISTE

Director · since 06 juin 2023 · until 06 juin 2028

Ended

DIRK HEYRMAN

Director · since 06 juin 2023 · until 06 juin 2028

Ended

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	08/07/2026	30/06/2025	20/06/2024	22/06/2023	05/07/2022	06/07/2021
General meeting	18/06/2026	10/06/2025	11/06/2024	06/06/2023	15/06/2022	24/06/2021
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	18/06/2026	08/07/2026	Dutch	PDF
Full model	31/12/2024	10/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	11/06/2024	20/06/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	15/06/2022	05/07/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	06/07/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	14/07/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	15/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	19/06/2015	02/07/2015	Dutch	PDF
Full model	31/12/2013	19/06/2014	17/09/2014	Dutch	PDF
Full model	31/12/2012	19/06/2013	04/07/2013	Dutch	PDF
Full model	31/12/2011	26/06/2012	06/07/2012	Dutch	PDF
Full model	31/12/2010	16/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	17/06/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	09/06/2009	11/06/2009	Dutch	PDF
Full model	31/12/2007	29/05/2008	30/06/2008	Dutch	PDF
Full model	31/12/2006	24/05/2007	29/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 71 ended

Active mandates

Daisy Van de Velde

Mandate

Active

Erik Peleman

Mandate

Active

Erik Van Acker

Mandate

Active

Géry Vanden Steene

Mandate

Active

Lorna Baert

Mandate

Active

Marcel Van Hoyweghen

Mandate

Active

Philip Peerens

Mandate

Active

Stefan Van den Brouck

Mandate

Active

Ended mandates

Daisy Van de Velde

Director · since 10 décembre 2024 · until 30 juin 2028

Ended

Stefan VAN DEN BROUCK

Director · since 10 décembre 2024 · until 30 juin 2028

Ended

ANNE-MARIE VAN STEENKISTE

Director · since 06 juin 2023 · until 06 juin 2028

Ended

DIRK HEYRMAN

Director · since 06 juin 2023 · until 06 juin 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/11/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other07/03/2022
BENAMING
PDF
Capital / shares05/01/2022
KAPITAAL - AANDELEN
PDF
Mandates04/11/2021
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025693,6 k €↑
2024
Annual accounts 2024634,8 k €↑
2023
Annual accounts 2023209,6 k €↑
2022
Annual accounts 202271,6 k €↓
2021
Annual accounts 2021462,5 k €↑
2021
Name changeRAAKZAAM
2020
Annual accounts 2020176,5 k €↑
2019
Annual accounts 2019103,8 k €↑
2018
Annual accounts 2018-172,5 k €↓
2017
Annual accounts 2017635,1 k €↑
2016
Annual accounts 2016327,7 k €↓
2015
Annual accounts 2015334,3 k €↑
2014
Annual accounts 2014325 k €↑
2013
Annual accounts 2013114,8 k €↑
2012
Annual accounts 201211,1 k €↓
2011
Annual accounts 201174 k €↑
2010
Annual accounts 201040,2 k €↓
2009
Annual accounts 200981,5 k €↑
2008
Annual accounts 200866,4 k €↑
2007
Annual accounts 200751,8 k €
2007
Name changeVesta
07/07/1975
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

RAAKZAAM

Overview

What does RAAKZAAM do?

Trend over 19 financial years

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