ACTIVE

Primavera

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Financial year 2025 · closed on 31/12/2025

Net result

98,6 k €

+9.3% YoY

Gross margin

2,9 M €

+9.7% YoY

Equity

2,2 M €

+2.1% YoY

What does Primavera do?

Primavera is a Non-profit organization incorporated in 1976. Its main activity is: Technical and vocational secondary education. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.239.272

Incorporation

31/05/1976

Legal form

Non-profit organization

Registered office

Terlindenhofstraat 160
2170 Antwerpen · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

85322Technical and vocational secondary education· main 88993Other social work activities without accommodation n.e.c.88995Other social work activities without accommodation n.e.c.

Joint committees (2)

319,01
31901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2008
Income statement
Gross margin	2,9 M €	+9.7%	2,6 M €	+10.2%	2,4 M €	-2.5%	2,4 M €	+14.8%	2,1 M €	+5.8%	2 M €	+11.7%	1,8 M €	+1.2%	1,8 M €	+4.7%	1,7 M €	+4.0%	1,6 M €	+6.6%	1,5 M €	+3.7%	1,5 M €	+7.1%	1,4 M €	+5.8%	1,3 M €	+0.9%	1,3 M €	+2.3%	1,3 M €
EBITDA	130,4 k €	+162%	49,8 k €	+195%	16,9 k €	-92.7%	232,9 k €	+75.0%	133,1 k €	-18.5%	163,3 k €	+1611%	9,5 k €	-82.1%	53,2 k €	+186%	18,6 k €	+283%	-10,2 k €	+80.8%	-53,1 k €	-353%	-11,7 k €	+19.7%	-14,6 k €	+66.3%	-43,3 k €	-330%	-10,1 k €	-35.5%	-7,4 k €
Operating result	32,8 k €	+172%	-45,7 k €	+41.6%	-78,3 k €	-156%	140 k €	+340%	31,8 k €	-32.9%	47,4 k €	+145%	-104,9 k €	-97.2%	-53,2 k €	+39.9%	-88,5 k €	+21.3%	-112,4 k €	+28.0%	-156,1 k €	-47.5%	-105,8 k €	+0.3%	-106,1 k €	+19.4%	-131,6 k €	-22.7%	-107,2 k €	+1.1%	-108,4 k €
Net result	98,6 k €	+9.3%	90,2 k €	+337%	-38,2 k €	-115%	259,9 k €	+178%	93,6 k €	+510%	15,3 k €	-88.1%	128,9 k €	+138%	54,2 k €	-44.1%	96,9 k €	+1780%	5,2 k €	+105%	-95,7 k €	-5448%	1,8 k €	+22.1%	1,5 k €	+102%	-61,3 k €	-386%	21,4 k €	+4.5%	20,5 k €
Balance sheet
Equity	2,2 M €	+2.1%	2,2 M €	+1.8%	2,2 M €	-4.0%	2,3 M €	+10.2%	2 M €	+4.7%	1,9 M €	-1.7%	2 M €	+4.2%	1,9 M €	+0.3%	1,9 M €	+10.7%	1,7 M €	-2.5%	1,8 M €	-7.6%	1,9 M €	-2.4%	1,9 M €	-2.5%	2 M €	-5.3%	2,1 M €	+2.6%	2,1 M €
Total assets	2,9 M €	+4.5%	2,7 M €	+1.8%	2,7 M €	-2.1%	2,7 M €	+9.9%	2,5 M €	+4.2%	2,4 M €	-0.1%	2,4 M €	+7.9%	2,2 M €	+0.8%	2,2 M €	+6.5%	2,1 M €	-3.3%	2,1 M €	-7.2%	2,3 M €	-1.6%	2,3 M €	-0.9%	2,4 M €	-2.1%	2,4 M €	+2.1%	2,4 M €
Cash	322,8 k €	+8.9%	296,4 k €	-8.7%	324,6 k €	+300%	81,2 k €	+9.3%	74,2 k €	-53.6%	159,9 k €	-34.1%	242,7 k €	-20.7%	305,9 k €	+19.8%	255,5 k €	+53.1%	166,9 k €	+244%	48,5 k €	+25.8%	38,5 k €	+208%	12,5 k €	+26.2%	9,9 k €	-31.2%	14,4 k €	-90.8%	156,3 k €
Debts	607,7 k €	+14.5%	530,7 k €	+1.5%	522,6 k €	+6.3%	491,7 k €	+9.7%	448,4 k €	+2.5%	437,5 k €	+6.0%	412,8 k €	+29.5%	318,7 k €	+3.5%	307,9 k €	-13.5%	355,8 k €	-6.8%	381,8 k €	-5.1%	402,5 k €	+2.7%	392 k €	+7.9%	363,3 k €	+19.6%	303,9 k €	-1.0%	307 k €
Other
Workforce	–		34,6 ETP	+0.6%	34,4 ETP	+1.8%	33,8 ETP	+1.2%	33,4 ETP	+1.8%	32,8 ETP	+6.5%	30,8 ETP	+1.0%	30,5 ETP	-1.3%	30,9 ETP	+6.6%	29,0 ETP	0.0%	29,0 ETP	-1.4%	29,4 ETP	-0.7%	29,6 ETP	+10.9%	26,7 ETP	+1.5%	26,3 ETP	+9.6%	24,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 31 ended

Active mandates

Tom Bogaerts

Director · since 05 mai 2022

Active

Wouter Nachtegaele

Director · since 05 mai 2022

Active

Bob Picard

Director · since 23 avril 2015

Active

Robert Delafortry

Director · since 23 avril 2015

Active

Ended mandates

Sven Naulaerts

Director · since 05 mai 2022 · until 12 septembre 2023

Ended

Sven Naulaerts

Director · since 05 mai 2022

Ended

Saskia Peene

Director · since 27 avril 2017

Ended

François Crickemans

Managing director · since 23 avril 2015

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged 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	05/06/2026	26/05/2025	30/04/2024	17/05/2023	03/06/2022	22/07/2021
General meeting	23/04/2026	24/04/2025	28/03/2024	20/04/2023	05/05/2022	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
Micro model	31/12/2025	23/04/2026	05/06/2026	Dutch	PDF
Abridged model	31/12/2024	24/04/2025	26/05/2025	Dutch	PDF
Abridged model	31/12/2023	28/03/2024	30/04/2024	Dutch	PDF
Abridged model	31/12/2022	20/04/2023	17/05/2023	Dutch	PDF
Abridged model	31/12/2021	05/05/2022	03/06/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	25/04/2019	04/06/2019	Dutch	PDF
Abridged model	31/12/2017	19/04/2018	18/05/2018	Dutch	PDF
Abridged model	31/12/2016	27/04/2017	11/05/2017	Dutch	PDF
Abridged model	31/12/2015	21/04/2016	23/05/2016	Dutch	PDF
Abridged model	31/12/2014	23/04/2015	02/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/04/2014	27/05/2014	Dutch	PDF
Abridged model	31/12/2012	24/04/2013	18/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/04/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/04/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	20/04/2010	06/05/2010	Dutch	PDF
Abridged model	31/12/2008	15/04/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	23/04/2008	20/05/2008	Dutch	PDF
Abridged model	31/12/2006	25/04/2007	23/05/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 31 ended

Active mandates

Tom Bogaerts

Director · since 05 mai 2022

Active

Wouter Nachtegaele

Director · since 05 mai 2022

Active

Bob Picard

Director · since 23 avril 2015

Active

Robert Delafortry

Director · since 23 avril 2015

Active

Ended mandates

Sven Naulaerts

Director · since 05 mai 2022 · until 12 septembre 2023

Ended

Sven Naulaerts

Director · since 05 mai 2022

Ended

Saskia Peene

Director · since 27 avril 2017

Ended

François Crickemans

Managing director · since 23 avril 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2004
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 202598,6 k €↑
2024
Annual accounts 202490,2 k €↑
2023
Annual accounts 2023-38,2 k €↓
2022
Annual accounts 2022259,9 k €↑
2021
Annual accounts 202193,6 k €↑
2020
Annual accounts 202015,3 k €↓
2019
Annual accounts 2019128,9 k €↑
2018
Annual accounts 201854,2 k €↓
2017
Annual accounts 201796,9 k €↑
2015
Annual accounts 20155,2 k €↑
2014
Annual accounts 2014-95,7 k €↓
2013
Annual accounts 20131,8 k €↑
2012
Annual accounts 20121,5 k €↑
2011
Annual accounts 2011-61,3 k €↓
2010
Annual accounts 201021,4 k €↑
2008
Annual accounts 200820,5 k €
31/05/1976
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

Primavera

Overview

What does Primavera do?

Trend over 16 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