ACTIVE

EF EDUCATION

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Financial year 2025 · closed on 30/09/2025

Net result

207,3 k €

+32.8% YoY

Gross margin

2 M €

+1.1% YoY

Equity

1,6 M €

+15.1% YoY

Workforce

25,5 ETP

-5.9% YoY

What does EF EDUCATION do?

EF EDUCATION is a Public limited company incorporated in 1976. Its main activity is: Other reservation service and related activities. Its registered office is in Ixelles. It employs on average 25,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.896.892

Incorporation

17/09/1976

Legal form

Public limited company

Registered office

Avenue Louise 283 box 283/11
1050 Ixelles · BruxellesSee on map

Contributed capital

335 207,19 €

Latest accounts

30/09/2025

Average workforce

25,5 ETP

Activities (NACE)

79901Other reservation service and related activities· main 79901Other reservation service and related activities 80424Security and investigation activities 85599Other education n.e.c.85599Other education n.e.c.79909Other reservation service and related activities+1

Joint committees (2)

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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2 M €	+1.1%	2 M €	-5.1%	2,1 M €	+8.5%	1,9 M €	+40.4%	1,4 M €	-26.1%	1,9 M €	-15.1%	2,2 M €	+5.7%	2,1 M €	+20.8%	1,7 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	321,8 k €	+17.3%	274,3 k €	+23.7%	221,7 k €	-28.6%	310,5 k €	+552%	47,6 k €	-17.0%	57,4 k €	-61.3%	148,3 k €	+23.9%	119,7 k €	+11.8%	107,1 k €	-9.9%	118,9 k €	+10.8%	107,3 k €	-16.2%	128 k €	-24.0%	168,4 k €	+131%	-550,1 k €	-70.0%	-323,6 k €	-903%	40,3 k €	-78.9%	191,3 k €	+2756%	-7,2 k €	-148%	15,1 k €
Operating result	288,8 k €	+36.3%	211,8 k €	+27.7%	165,9 k €	-36.2%	260,1 k €	+6502475%	-4 €	-121%	19 €	-100.0%	95,8 k €	+84.6%	51,9 k €	+20.2%	43,2 k €	-35.8%	67,2 k €	+28.9%	52,1 k €	-26.6%	71 k €	-41.2%	120,8 k €	+120%	-590 k €	-76.5%	-334,2 k €	-1223%	29,8 k €	-82.7%	172,1 k €	+1174%	-16 k €	-329%	7 k €
Net result	207,3 k €	+32.8%	156 k €	+31.0%	119,2 k €	-40.2%	199,4 k €	+48137%	-415 €	-3.5%	-401 €	-100%	95,7 k €	+85.6%	51,5 k €	+13.1%	45,6 k €	-33.3%	68,3 k €	+33.6%	51,2 k €	-26.9%	69,9 k €	-40.0%	116,6 k €	+120%	-597,4 k €	-76.5%	-338,5 k €	-1775%	20,2 k €	-87.2%	158,1 k €	+702%	19,7 k €	+412%	3,9 k €
Balance sheet
Equity	1,6 M €	+15.1%	1,4 M €	+12.8%	1,2 M €	+10.8%	1,1 M €	+22.1%	900,2 k €	-0.0%	900,6 k €	-0.0%	901 k €	+11.9%	805,3 k €	+6.8%	753,7 k €	+15.4%	652,9 k €	+11.7%	584,5 k €	+9.6%	533,4 k €	+15.1%	463,4 k €	+283%	-253,2 k €	-722%	-30,8 k €	-110%	307,7 k €	+7.0%	287,5 k €	+122%	129,4 k €	+18.0%	109,7 k €
Total assets	2 M €	+10.0%	1,8 M €	+7.3%	1,7 M €	+3.9%	1,6 M €	+34.4%	1,2 M €	-6.7%	1,3 M €	-4.6%	1,4 M €	+7.9%	1,3 M €	+6.1%	1,2 M €	+12.9%	1 M €	+15.8%	906,5 k €	-5.9%	963,4 k €	+28.3%	751 k €	-15.1%	884,6 k €	+175%	321,7 k €	-66.4%	956,7 k €	-7.4%	1 M €	+25.2%	825,2 k €	+79.4%	460 k €
Cash	28,2 k €	-57.1%	65,7 k €	-27.4%	90,6 k €	+73.2%	52,3 k €	+125%	23,2 k €	-86.3%	169,9 k €	+256%	47,7 k €	-8.7%	52,2 k €	+46.6%	35,6 k €	-71.4%	124,8 k €	+95.4%	63,9 k €	-63.5%	175 k €	+29.4%	135,2 k €	-72.5%	491 k €	+469%	86,3 k €	-66.5%	257,8 k €	-4.0%	268,5 k €	+24.8%	215,1 k €	+48.8%	144,6 k €
Debts	382 k €	-3.8%	397 k €	-14.5%	464,1 k €	-10.7%	519,8 k €	+84.7%	281,5 k €	-24.5%	373,1 k €	-15.8%	442,9 k €	+9.9%	402,9 k €	+5.4%	382,4 k €	+10.6%	345,8 k €	+27.5%	271,3 k €	-10.7%	303,7 k €	+24.5%	243,9 k €	-78.1%	1,1 M €	+220%	348,2 k €	-15.4%	411,5 k €	-5.6%	435,7 k €	+94.0%	224,6 k €	+56.4%	143,5 k €
Other
Workforce	25,5 ETP	-5.9%	27,1 ETP	-7.5%	29,3 ETP	+11.0%	26,4 ETP	+44.3%	18,3 ETP	-21.5%	23,3 ETP	-19.9%	29,1 ETP	-5.2%	30,7 ETP	+18.5%	25,9 ETP	+11.2%	23,3 ETP	+14.2%	20,4 ETP	+32.5%	15,4 ETP	+6.2%	14,5 ETP	+6.6%	13,6 ETP	-6.8%	14,6 ETP	0.0%	14,6 ETP	+14.1%	12,8 ETP	+56.1%	8,2 ETP	+22.4%	6,7 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 30/09/2025 · 2 active · 13 ended

Active mandates

Andreas Lindarang

Director · since 10 mars 2021 · until 09 mars 2027

Active

Jens Appelkvist

Director · since 10 mars 2021 · until 09 mars 2027

Active

Ended mandates

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

Auditor · since 13 mars 2018 · until 09 mars 2021 · 0431.088.289

Represented by David Lenaerts

Ended

Andreas Lindarang

Director · since 29 février 2016 · until 09 mars 2021

Ended

Jens Appelkvist

Director · since 29 février 2016 · until 09 mars 2021

Ended

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

Auditor · since 10 mars 2015 · until 13 mars 2018 · 0431.088.289

Represented by David Lenaerts

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	23/04/2025	19/03/2024	01/06/2023	09/03/2022	16/03/2021
General meeting	30/03/2026	25/03/2025	12/03/2024	14/03/2023	08/03/2022	09/03/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	30/03/2026	30/04/2026	French	PDF
Abridged model	30/09/2024	25/03/2025	23/04/2025	French	PDF
Abridged model	30/09/2023	12/03/2024	19/03/2024	French	PDF
Abridged model	30/09/2022	14/03/2023	01/06/2023	French	PDF
Abridged model	30/09/2021	08/03/2022	09/03/2022	French	PDF
Abridged model	30/09/2020	09/03/2021	16/03/2021	French	PDF
Abridged model	30/09/2019	10/03/2020	23/03/2020	French	PDF
Abridged model	30/09/2018	12/03/2019	10/04/2019	French	PDF
Abridged model	30/09/2017	13/03/2018	11/04/2018	French	PDF
Full modelCorrection	30/09/2016	14/03/2017	25/10/2017	French	PDF
Full model	30/09/2016	14/03/2017	02/06/2017	French	PDF
Full model	30/09/2015	08/03/2016	31/03/2016	French	PDF
Full model	30/09/2014	10/03/2015	31/03/2015	French	PDF
Full model	30/09/2013	11/03/2014	11/04/2014	French	PDF
Full model	30/09/2012	12/03/2013	27/09/2013	French	PDF
Full model	30/09/2012	12/03/2013	28/03/2013	Dutch	PDF
Full model	30/09/2011	13/03/2012	25/05/2012	French	PDF
Full model	30/09/2010	08/03/2011	10/03/2011	French	PDF
Full model	30/09/2009	09/03/2010	11/03/2010	French	PDF
Full model	30/09/2008	10/03/2009	30/03/2009	French	PDF
Full model	30/09/2007	11/03/2008	11/04/2008	French	PDF
Full model	30/09/2006	13/03/2007	13/04/2007	French	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 30/09/2025 · 2 active · 13 ended

Active mandates

Andreas Lindarang

Director · since 10 mars 2021 · until 09 mars 2027

Active

Jens Appelkvist

Director · since 10 mars 2021 · until 09 mars 2027

Active

Ended mandates

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

Auditor · since 13 mars 2018 · until 09 mars 2021 · 0431.088.289

Represented by David Lenaerts

Ended

Andreas Lindarang

Director · since 29 février 2016 · until 09 mars 2021

Ended

Jens Appelkvist

Director · since 29 février 2016 · until 09 mars 2021

Ended

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

Auditor · since 10 mars 2015 · until 13 mars 2018 · 0431.088.289

Represented by David Lenaerts

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other26/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates25/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates07/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates22/04/2016
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2012
DEMISSIONS, NOMINATIONS
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 2025207,3 k €↑
2024
Annual accounts 2024156 k €↑
2024
Name changeEF Education
2023
Annual accounts 2023119,2 k €↓
2022
Annual accounts 2022199,4 k €↑
2022
Name changeE.F. Education
2021
Annual accounts 2021-415 €↓
2020
Annual accounts 2020-401 €↓
2019
Annual accounts 201995,7 k €↑
2018
Annual accounts 201851,5 k €↑
2017
Annual accounts 201745,6 k €↓
2015
Annual accounts 201568,3 k €↑
2014
Annual accounts 201451,2 k €↓
2013
Annual accounts 201369,9 k €↓
2012
Annual accounts 2012116,6 k €↑
2011
Annual accounts 2011-597,4 k €↓
2010
Annual accounts 2010-338,5 k €↓
2009
Annual accounts 200920,2 k €↓
2008
Annual accounts 2008158,1 k €↑
2007
Annual accounts 200719,7 k €↑
2006
Annual accounts 20063,9 k €
17/09/1976
IncorporationPublic limited company

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

EF EDUCATION

Overview

What does EF EDUCATION 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