ACTIVE

Nadja

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 k €

+107.9% YoY

Gross margin

824,6 k €

+24.7% YoY

Equity

104,2 k €

+1.7% YoY

Workforce

9,2 ETP

+12.2% YoY

What does Nadja do?

Nadja is a Non-profit organization incorporated in 1978. Its main activity is: Technical and vocational secondary education. Its registered office is in Liège. It employs on average 9,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.084.936

Incorporation

26/10/1978

Legal form

Non-profit organization

Registered office

Rue Fond-Saint-Servais 6
4000 Liège · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

9,2 ETP

Activities (NACE)

85323Technical and vocational secondary education· main 88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.

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		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	824,6 k €	+24.7%	661,2 k €	+0.6%	657,1 k €	+11.5%	589,6 k €	+50.5%	391,7 k €	+9.8%	356,8 k €	+8.7%	328,3 k €	+2.0%	322 k €	-0.6%	324 k €	-3.6%	336 k €	+6.1%	316,7 k €	-5.3%	334,3 k €	+7.6%	310,8 k €	+1.7%	305,7 k €	-1.1%	309,1 k €	+1.0%	306,1 k €	+3.6%	295,5 k €	+20.7%	244,9 k €	+22.1%	200,5 k €
EBITDA	30,5 k €	+253%	-19,9 k €	-600%	4 k €	-81.0%	21 k €	+178%	-26,8 k €	-152%	-10,6 k €	-7328%	-143,4 €	+98.4%	-9,2 k €	-1064%	957,4 €	-86.2%	6,9 k €	+148%	2,8 k €	-86.8%	21,2 k €	+715%	-3,4 k €	+35.5%	-5,3 k €	-154%	9,9 k €	+10.5%	9 k €	-39.7%	14,9 k €	+116%	6,9 k €	+214%	-6 k €
Operating result	1,2 k €	+105%	-22,4 k €	-920%	2,7 k €	-86.3%	19,9 k €	+172%	-27,6 k €	-146%	-11,2 k €	-1180%	-877,9 €	+91.2%	-10 k €	-4572%	222,8 €	-96.5%	6,4 k €	+156%	2,5 k €	-88.1%	20,9 k €	+656%	-3,8 k €	+32.7%	-5,6 k €	-164%	8,7 k €	+12.6%	7,7 k €	-36.6%	12,2 k €	+273%	3,3 k €	+134%	-9,7 k €
Net result	1,7 k €	+108%	-21,7 k €	-859%	2,9 k €	-85.5%	19,8 k €	+171%	-27,7 k €	-144%	-11,4 k €	-1185%	-886,1 €	+91.1%	-10 k €	-12460%	-79,5 €	-101%	6,5 k €	+138%	2,7 k €	-87.2%	21,2 k €	+757%	-3,2 k €	-153%	6,1 k €	-34.6%	9,3 k €	+2.6%	9,1 k €	-27.9%	12,6 k €	+289%	3,2 k €	-37.1%	5,1 k €
Balance sheet
Equity	104,2 k €	+1.7%	102,5 k €	-17.5%	124,2 k €	+2.4%	121,3 k €	+19.5%	101,6 k €	-21.5%	129,3 k €	-8.1%	140,7 k €	-0.6%	141,6 k €	-6.6%	151,5 k €	+0.2%	151,2 k €	+4.5%	144,7 k €	+1.9%	142 k €	+17.6%	120,8 k €	-2.6%	124 k €	+5.2%	117,9 k €	+8.6%	108,6 k €	+9.1%	99,5 k €	+14.5%	87 k €	+3.9%	83,7 k €
Total assets	276 k €	-0.7%	277,8 k €	+30.6%	212,7 k €	-0.6%	213,9 k €	+19.0%	179,7 k €	-30.8%	259,7 k €	+37.9%	188,3 k €	-4.6%	197,3 k €	-4.1%	205,7 k €	-0.6%	206,9 k €	+5.8%	195,5 k €	+1.4%	192,9 k €	+13.3%	170,2 k €	+4.2%	163,4 k €	+0.1%	163,2 k €	+0.8%	162 k €	+5.7%	153,2 k €	+13.2%	135,3 k €	+4.5%	129,5 k €
Cash	219,7 k €	+22.4%	179,5 k €	+29.3%	138,8 k €	+5.8%	131,2 k €	-5.6%	139 k €	-32.6%	206,4 k €	+45.1%	142,2 k €	-5.8%	151 k €	-4.4%	158 k €	+1.9%	155,1 k €	+7.6%	144,1 k €	+11.5%	129,3 k €	+14.9%	112,6 k €	+7.1%	105,2 k €	+7.2%	98,1 k €	-4.8%	103,1 k €	+42.6%	72,3 k €	+7.5%	67,3 k €	-11.9%	76,3 k €
Debts	123,7 k €	+62.1%	76,3 k €	-13.8%	88,5 k €	-4.4%	92,6 k €	+19.2%	77,7 k €	+9.7%	70,8 k €	+51.6%	46,7 k €	-15.0%	55 k €	+4.0%	52,8 k €	-4.1%	55,1 k €	+8.5%	50,8 k €	-0.2%	50,9 k €	+2.9%	49,5 k €	+27.2%	38,9 k €	+13.4%	34,3 k €	-19.0%	42,3 k €	-0.8%	42,7 k €	+17.6%	36,3 k €	-7.7%	39,3 k €
Other
Workforce	9,2 ETP	+12.2%	8,2 ETP	0.0%	8,2 ETP	+10.8%	7,4 ETP	+19.4%	6,2 ETP	0.0%	6,2 ETP	0.0%	6,2 ETP	-6.1%	6,6 ETP	0.0%	6,6 ETP	0.0%	6,6 ETP	+1.5%	6,5 ETP	+1.6%	6,4 ETP	-1.5%	6,5 ETP	-1.5%	6,6 ETP	0.0%	6,6 ETP	-5.7%	7,0 ETP	+2.9%	6,8 ETP	+9.7%	6,2 ETP	-7.5%	6,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 15 ended

Active mandates

Sabine GILIS

Director · since 07 avril 2025

Active

Dominique HUMBLET

Director · since 25 mars 2024

Active

Laurence FRANSSEN

Director · since 25 mars 2024

Active

Gérard DAVID

Director · since 21 avril 2015

Active

Anne-Marie PIRARD

Director · since 23 avril 2009

Active

Jeanne-Marie GEROME

Director · since 23 avril 2009 · until 20 avril 2026

Active

Christine RIGO

Director

Active

Jean-Louis ERNOTTE

Director

Active

Ended mandates

Jeanne-Marie GEROME

Director · since 23 avril 2009

Ended

.Anne Sophie PONCELET

Director

Ended

Anne-Marie PIRARD

Director

Ended

Anne-Sophie PONCELET

Director

Ended

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	20/08/2026	18/08/2025	30/08/2024	30/08/2023	20/07/2022	12/07/2021
General meeting	20/04/2026	07/04/2025	25/03/2024	27/06/2023	28/06/2022	31/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/04/2026	20/08/2026	French	PDF
Abridged model	31/12/2024	07/04/2025	18/08/2025	French	PDF
Abridged model	31/12/2023	25/03/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	20/07/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	12/07/2021	French	PDF
Abridged model	31/12/2019	09/09/2020	22/09/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	09/07/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	19/07/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	18/07/2017	French	PDF
Abridged model	31/12/2015	20/04/2016	14/07/2016	French	PDF
Abridged model	31/12/2014	21/04/2015	14/07/2015	French	PDF
Abridged model	31/12/2013	04/04/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	18/04/2013	09/07/2013	French	PDF
Abridged model	31/12/2011	08/03/2012	26/06/2012	French	PDF
Abridged model	31/12/2010	24/03/2011	19/07/2011	French	PDF
Abridged model	31/12/2009	23/03/2010	10/06/2010	French	PDF
Abridged model	31/12/2008	23/04/2009	11/06/2009	French	PDF
Abridged model	31/12/2007	23/04/2008	24/07/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 15 ended

Active mandates

Sabine GILIS

Director · since 07 avril 2025

Active

Dominique HUMBLET

Director · since 25 mars 2024

Active

Laurence FRANSSEN

Director · since 25 mars 2024

Active

Gérard DAVID

Director · since 21 avril 2015

Active

Anne-Marie PIRARD

Director · since 23 avril 2009

Active

Jeanne-Marie GEROME

Director · since 23 avril 2009 · until 20 avril 2026

Active

Christine RIGO

Director

Active

Jean-Louis ERNOTTE

Director

Active

Ended mandates

Jeanne-Marie GEROME

Director · since 23 avril 2009

Ended

.Anne Sophie PONCELET

Director

Ended

Anne-Marie PIRARD

Director

Ended

Anne-Sophie PONCELET

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates12/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/04/2024
DEMISSIONS, NOMINATIONS
PDF
Other09/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2017
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 20251,7 k €↑
2024
Annual accounts 2024-21,7 k €↓
2023
Annual accounts 20232,9 k €↓
2022
Annual accounts 202219,8 k €↑
2021
Annual accounts 2021-27,7 k €↓
2020
Annual accounts 2020-11,4 k €↓
2019
Annual accounts 2019-886,1 €↑
2018
Annual accounts 2018-10 k €↓
2017
Annual accounts 2017-79,5 €↓
2016
Annual accounts 20166,5 k €↑
2015
Annual accounts 20152,7 k €↓
2014
Annual accounts 201421,2 k €↑
2013
Annual accounts 2013-3,2 k €↓
2012
Annual accounts 20126,1 k €↓
2011
Annual accounts 20119,3 k €↑
2010
Annual accounts 20109,1 k €↓
2009
Annual accounts 200912,6 k €↑
2008
Annual accounts 20083,2 k €↓
2007
Annual accounts 20075,1 k €
26/10/1978
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

Nadja

Overview

What does Nadja 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