ACTIVE

Zorgnet-Icuro

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Financial year 2025 · closed on 31/12/2025

Net result

395,5 k €

+160.3% YoY

Gross margin

8,6 M €

+0.3% YoY

Equity

9 M €

+4.6% YoY

Workforce

42,4 ETP

-2.1% YoY

What does Zorgnet-Icuro do?

Zorgnet-Icuro is a Non-profit organization incorporated in 1977. Its main activity is: Libraries, archives, museums and other cultural activities. Its registered office is in Bruxelles. It employs on average 42,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.659.828

Incorporation

16/09/1977

Legal form

Non-profit organization

Registered office

Rue Guimard 1
1040 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

42,4 ETP

Activities (NACE)

91110Libraries, archives, museums and other cultural activities· main 94110Activities of business and employers membership organisations 94110Activities of business and employers membership organisations

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	8,6 M €	+0.3%	8,6 M €	+4.8%	8,2 M €	-0.0%	8,2 M €	+30.9%	6,3 M €	-23.3%	8,2 M €	+3.9%	7,9 M €	-3.2%	8,1 M €	+0.2%	8,1 M €	+2.8%	7,9 M €	+4.3%	7,6 M €	+4.6%	7,2 M €	+5.5%	6,9 M €	+2.0%	6,7 M €	+23.0%	5,5 M €	+5.0%	5,2 M €	+9.3%	4,8 M €	+11.4%	4,3 M €
EBITDA	409,4 k €	+48.3%	276 k €	+449%	50,3 k €	+138%	-133,5 k €	+70.1%	-446,3 k €	-262%	-123,4 k €	-154%	227,2 k €	-49.5%	450 k €	-23.9%	591,1 k €	+61.6%	365,7 k €	-10.2%	407,1 k €	+262%	112,4 k €	-63.5%	307,8 k €	+36.6%	225,4 k €	+27.8%	176,3 k €	-56.9%	409,2 k €	-31.9%	600,9 k €	+28.7%	466,9 k €
Operating result	351,2 k €	+138%	147,8 k €	+224%	-119,2 k €	+67.6%	-367,8 k €	+47.3%	-697,4 k €	-92.9%	-361,6 k €	-2860%	-12,2 k €	-106%	196,7 k €	-48.8%	384,6 k €	+138%	161,5 k €	-14.7%	189,4 k €	+302%	-93,6 k €	-205%	88,8 k €	+937%	-10,6 k €	+79.7%	-52,2 k €	-133%	156,2 k €	-62.0%	411,2 k €	+17.7%	349,4 k €
Net result	395,5 k €	+160%	151,9 k €	+262%	41,9 k €	+108%	-535,3 k €	+18.3%	-655,3 k €	-174%	-238,8 k €	-1558%	-14,4 k €	-109%	159,7 k €	-60.4%	402,8 k €	+73.1%	232,7 k €	-6.2%	248 k €	+319%	59,2 k €	-85.6%	412,6 k €	+62.0%	254,6 k €	+84.2%	138,2 k €	-67.6%	426,4 k €	-1.1%	431,2 k €	+78.0%	242,2 k €
Balance sheet
Equity	9 M €	+4.6%	8,6 M €	+1.8%	8,4 M €	+0.5%	8,4 M €	-6.0%	8,9 M €	-6.8%	9,6 M €	-2.4%	9,8 M €	-0.1%	9,8 M €	+31.2%	7,5 M €	+5.7%	7,1 M €	+3.4%	6,9 M €	+3.7%	6,6 M €	+0.9%	6,6 M €	+6.7%	6,1 M €	+4.3%	5,9 M €	+2.4%	5,8 M €	+8.0%	5,3 M €	+8.8%	4,9 M €
Total assets	10,9 M €	+1.1%	10,8 M €	+1.3%	10,7 M €	+1.6%	10,5 M €	-9.7%	11,6 M €	-11.0%	13 M €	+0.1%	13 M €	+0.1%	13 M €	+20.3%	10,8 M €	+9.1%	9,9 M €	+3.8%	9,6 M €	-5.1%	10,1 M €	+3.8%	9,7 M €	+4.0%	9,3 M €	+3.3%	9 M €	+4.8%	8,6 M €	+8.0%	8 M €	+8.1%	7,4 M €
Cash	3,6 M €	+64.1%	2,2 M €	-57.6%	5,2 M €	+63.3%	3,2 M €	+81.3%	1,8 M €	-36.7%	2,8 M €	-52.3%	5,8 M €	-11.2%	6,6 M €	+12.7%	5,8 M €	+22.1%	4,8 M €	+9.6%	4,4 M €	-2.4%	4,5 M €	+435%	835,7 k €	-16.7%	1 M €	+136%	424,4 k €	+24.3%	341,4 k €	-21.1%	432,7 k €	+260%	120,3 k €
Debts	1,1 M €	+20.0%	911 k €	-1.9%	928,6 k €	-3.2%	959,7 k €	+3.2%	929,9 k €	+6.5%	873,2 k €	-10.3%	973,8 k €	-1.5%	988,4 k €	-13.4%	1,1 M €	+0.4%	1,1 M €	+15.1%	988,5 k €	-27.7%	1,4 M €	+19.5%	1,1 M €	-11.8%	1,3 M €	-0.9%	1,3 M €	+16.4%	1,1 M €	+6.2%	1,1 M €	+30.4%	811,7 k €
Other
Workforce	42,4 ETP	-2.1%	43,3 ETP	-3.3%	44,8 ETP	-1.1%	45,3 ETP	+1.1%	44,8 ETP	+0.7%	44,5 ETP	-0.9%	44,9 ETP	-7.0%	48,3 ETP	+26.8%	38,1 ETP	+0.8%	37,8 ETP	-1.6%	38,4 ETP	+1.6%	37,8 ETP	+9.2%	34,6 ETP	+2.4%	33,8 ETP	+3.0%	32,8 ETP	+4.8%	31,3 ETP	+4.7%	29,9 ETP	+12.8%	26,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 16 active · 96 ended

Active mandates

Berten Van Kerkhove

Director

Active

Frank Vermassen

Director

Active

Griet Robberechts

Director

Active

Hendrik Delaruelle

Director

Active

Jan Bogaerts

Director

Active

Jo Gommers

Director

Active

Joost Baert

Director

Active

Koen Michiels

Chairman of the board of directors

Active

Koen Oosterlinck

Director

Active

Margot Cloet

Managing director

Active

Nele Sneyers

Director

Active

Niko Dierickx

Director

Active

Thierry Freyne

Director

Active

Wim Tambeur

Director

Active

Wino Baeckelandt

Director

Active

Wouter Sonneville

Director

Active

Ended mandates

Joost Baert

Director · since 01 janvier 2022

Ended

Niko Dierickx

Director · since 01 janvier 2022

Ended

Dirk Dalle

Director · since 22 juin 2021

Ended

An De Sutter

Director · since 01 janvier 2021 · until 31 décembre 2021

Ended

At this address

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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	01/01/2025	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	24/06/2026	08/07/2025	28/06/2024	04/07/2023	06/07/2022	08/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	22/06/2023	23/06/2022	22/06/2021
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
Abridged model	31/12/2025	18/06/2026	24/06/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	22/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	23/06/2022	06/07/2022	Dutch	PDF
Abridged model	31/12/2020	22/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	04/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	09/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	17/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 16 active · 96 ended

Active mandates

Berten Van Kerkhove

Director

Active

Frank Vermassen

Director

Active

Griet Robberechts

Director

Active

Hendrik Delaruelle

Director

Active

Jan Bogaerts

Director

Active

Jo Gommers

Director

Active

Joost Baert

Director

Active

Koen Michiels

Chairman of the board of directors

Active

Koen Oosterlinck

Director

Active

Margot Cloet

Managing director

Active

Nele Sneyers

Director

Active

Niko Dierickx

Director

Active

Thierry Freyne

Director

Active

Wim Tambeur

Director

Active

Wino Baeckelandt

Director

Active

Wouter Sonneville

Director

Active

Ended mandates

Joost Baert

Director · since 01 janvier 2022

Ended

Niko Dierickx

Director · since 01 janvier 2022

Ended

Dirk Dalle

Director · since 22 juin 2021

Ended

An De Sutter

Director · since 01 janvier 2021 · until 31 décembre 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other19/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other16/08/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/01/2022
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 2025395,5 k €↑
2024
Annual accounts 2024151,9 k €↑
2023
Annual accounts 202341,9 k €↑
2022
Annual accounts 2022-535,3 k €↑
2021
Annual accounts 2021-655,3 k €↓
2020
Annual accounts 2020-238,8 k €↓
2019
Annual accounts 2019-14,4 k €↓
2018
Annual accounts 2018159,7 k €↓
2016
Annual accounts 2016402,8 k €↑
2016
Name changeZORGNET-ICURO
2015
Annual accounts 2015232,7 k €↓
2014
Annual accounts 2014248 k €↑
2013
Annual accounts 201359,2 k €↓
2012
Annual accounts 2012412,6 k €↑
2011
Annual accounts 2011254,6 k €↑
2010
Annual accounts 2010138,2 k €↓
2009
Annual accounts 2009426,4 k €↓
2008
Annual accounts 2008431,2 k €↑
2008
Name changeZorgnet Vlaanderen
2007
Annual accounts 2007242,2 k €
2007
Name changeVerbond der Verzorgingsinstellingen - V.V.I.
16/09/1977
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

Zorgnet-Icuro

Overview

What does Zorgnet-Icuro do?

Trend over 18 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