NORMAL SITUATION

Humival

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Financial year 2025 · closed on 31/12/2025

Net result

539,1 k €

+5.5% YoY

Revenue

740,8 k €

+5.3% YoY

Equity

6,5 M €

+8.5% YoY

Workforce

64,6 ETP

+0.6% YoY

Company — Normal situation.

Strike-off: 23 septembre 2026

What does Humival do?

Humival is a Non-profit organization incorporated in 1976. It employs on average 64,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.237.589

Incorporation

17/05/1976

Legal form

Non-profit organization

Latest accounts

31/12/2025

Average workforce

64,6 ETP

Joint committees (1)

31901

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	740,8 k €	+5.3%	703,5 k €	+7.4%	655 k €	+15.4%	567,7 k €	+1.8%	557,4 k €	+7.0%	521 k €	-1.7%	529,7 k €	+3.8%	510,3 k €	-2.7%	524,5 k €	+4.5%	501,8 k €	+2.4%	490,1 k €	-1.6%	498 k €	+0.6%	495,2 k €	+2.8%	481,7 k €	+2.3%	470,7 k €	+3.2%	455,9 k €	-0.6%	458,6 k €	+7.0%	428,8 k €
EBITDA	983,5 k €	+10.2%	892,7 k €	+94.7%	458,4 k €	+47.0%	311,9 k €	-24.7%	414,3 k €	-22.0%	531,5 k €	+21.4%	437,8 k €	+40.3%	312,1 k €	+26.3%	247 k €	+30.5%	189,4 k €	+21.5%	155,8 k €	+6.3%	146,6 k €	+113%	69 k €	+7.0%	64,5 k €	-20.9%	81,5 k €	-2.3%	83,5 k €	-85.6%	580,6 k €	+269%	157,3 k €
Operating result	633,3 k €	+10.1%	575,3 k €	+84.3%	312,2 k €	+54.2%	202,4 k €	-33.6%	305 k €	-25.9%	411,6 k €	+27.8%	322,1 k €	+61.1%	200 k €	+44.3%	138,6 k €	+92.3%	72,1 k €	+124%	32,2 k €	+189%	11,2 k €	+115%	-72,4 k €	+12.9%	-83,1 k €	-168%	-31 k €	-26.4%	-24,6 k €	-105%	473,9 k €	+643%	63,8 k €
Net result	539,1 k €	+5.5%	511,2 k €	+72.0%	297,2 k €	+52.5%	194,9 k €	-39.5%	322 k €	-18.8%	396,7 k €	-30.5%	570,7 k €	+258%	159,3 k €	-23.7%	208,7 k €	+248%	59,9 k €	+88.6%	31,8 k €	+105%	15,5 k €	+216%	-13,3 k €	+25.6%	-17,9 k €	-1078%	-1,5 k €	-103%	51,3 k €	-90.4%	535,7 k €	+420%	102,9 k €
Balance sheet
Equity	6,5 M €	+8.5%	6 M €	+9.0%	5,5 M €	+5.5%	5,2 M €	+3.3%	5 M €	+18.4%	4,2 M €	+8.7%	3,9 M €	+15.1%	3,4 M €	+3.3%	3,3 M €	+4.9%	3,1 M €	+0.1%	3,1 M €	-0.8%	3,1 M €	-1.3%	3,2 M €	-2.2%	3,3 M €	-2.2%	3,3 M €	-1.7%	3,4 M €	+0.2%	3,4 M €	+16.9%	2,9 M €
Total assets	12,1 M €	-0.4%	12,1 M €	+91.2%	6,3 M €	+9.3%	5,8 M €	+3.8%	5,6 M €	+18.2%	4,7 M €	+9.2%	4,3 M €	+14.7%	3,8 M €	+3.3%	3,7 M €	+3.4%	3,5 M €	+1.2%	3,5 M €	+0.0%	3,5 M €	-5.8%	3,7 M €	-1.6%	3,8 M €	-2.5%	3,9 M €	+0.5%	3,8 M €	-0.2%	3,9 M €	+16.5%	3,3 M €
Cash	229,8 k €	+4.0%	220,9 k €	-17.0%	266,3 k €	-39.5%	440,4 k €	-3.9%	458,2 k €	+2265%	19,4 k €	-19.9%	24,2 k €	+60.2%	15,1 k €	-16.1%	18 k €	-19.5%	22,4 k €	+36.0%	16,4 k €	-40.4%	27,6 k €	+49.7%	18,4 k €	-6.6%	19,7 k €	+135%	8,4 k €	+103%	4,1 k €	-31.8%	6,1 k €	-24.4%	8 k €
Debts	5,6 M €	-9.1%	6,2 M €	+610%	867,2 k €	+40.8%	615,9 k €	+9.9%	560,5 k €	+19.1%	470,7 k €	+11.1%	423,8 k €	+12.1%	378,1 k €	+4.5%	361,9 k €	-10.7%	405,4 k €	+9.5%	370,2 k €	+7.8%	343,2 k €	-33.8%	518,4 k €	+2.3%	506,6 k €	-4.0%	527,6 k €	+16.8%	451,6 k €	-3.2%	466,3 k €	+15.6%	403,5 k €
Other
Workforce	64,6 ETP	+0.6%	64,2 ETP	+6.3%	60,4 ETP	+10.0%	54,9 ETP	-4.9%	57,7 ETP	+2.1%	56,5 ETP	+4.2%	54,2 ETP	+0.2%	54,1 ETP	-1.8%	55,1 ETP	+0.2%	55,0 ETP	+1.9%	54,0 ETP	-3.6%	56,0 ETP	+7.7%	52,0 ETP	+2.0%	51,0 ETP	+5.4%	48,4 ETP	+3.6%	46,7 ETP	0.0%	46,7 ETP	-0.6%	47,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 21 ended

Active mandates

Annick Schepens

Mandate

Active

Gabriël Van Landschoot

Mandate

Active

Hilde De Graeve

Mandate

Active

Inge Claeys

Mandate

Active

Jean-Paul De Jaeger

Mandate

Active

Koen Lefevre

Mandate

Active

Laurent Van Waes

Mandate

Active

Liliane Bauwens

Mandate

Active

Ended mandates

Bauwens Liliane

Mandate

Ended

Claeys Inge

Mandate

Ended

Corry Van De Keere

Mandate

Ended

De Graeve Hilde

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged 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	12/06/2026	27/06/2025	14/06/2024	23/06/2023	17/06/2022	25/06/2021
General meeting	09/06/2026	12/06/2025	10/06/2024	19/06/2023	13/06/2022	21/06/2021
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	09/06/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	12/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	14/06/2024	Dutch	PDF
Abridged model	31/12/2022	19/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	17/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/09/2020	04/09/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/05/2012	06/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	12/06/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 21 ended

Active mandates

Annick Schepens

Mandate

Active

Gabriël Van Landschoot

Mandate

Active

Hilde De Graeve

Mandate

Active

Inge Claeys

Mandate

Active

Jean-Paul De Jaeger

Mandate

Active

Koen Lefevre

Mandate

Active

Laurent Van Waes

Mandate

Active

Liliane Bauwens

Mandate

Active

Ended mandates

Bauwens Liliane

Mandate

Ended

Claeys Inge

Mandate

Ended

Corry Van De Keere

Mandate

Ended

De Graeve Hilde

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other30/06/2026
—
PDF
Mandates09/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2022
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2010
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 2025539,1 k €↑
2024
Annual accounts 2024511,2 k €↑
2023
Annual accounts 2023297,2 k €↑
2022
Annual accounts 2022194,9 k €↓
2021
Annual accounts 2021322 k €↓
2020
Annual accounts 2020396,7 k €↓
2019
Annual accounts 2019570,7 k €↑
2018
Annual accounts 2018159,3 k €↓
2017
Annual accounts 2017208,7 k €↑
2016
Annual accounts 201659,9 k €↑
2015
Annual accounts 201531,8 k €↑
2014
Annual accounts 201415,5 k €↑
2013
Annual accounts 2013-13,3 k €↑
2012
Annual accounts 2012-17,9 k €↓
2011
Annual accounts 2011-1,5 k €↓
2010
Annual accounts 201051,3 k €↓
2009
Annual accounts 2009535,7 k €↑
2008
Annual accounts 2008102,9 k €
17/05/1976
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

Humival

Overview

What does Humival do?

Trend over 18 financial years

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