ACTIVE

CPZ

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Financial year 2025 · closed on 31/12/2025

Net result

-19,1 k €

-108.9% YoY

Gross margin

1,6 M €

+0.9% YoY

Equity

575,8 k €

-3.2% YoY

Workforce

18,2 ETP

+9.0% YoY

What does CPZ do?

CPZ is a Non-profit organization incorporated in 1979. Its main activity is: Technical and vocational secondary education. Its registered office is in Schaerbeek. It employs on average 18,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.335.552

Incorporation

19/04/1979

Legal form

Non-profit organization

Registered office

Rue du Progrès 323 box 5
1030 Schaerbeek · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

18,2 ETP

Activities (NACE)

85323Technical and vocational secondary education· main 88994Other social work activities without accommodation n.e.c.88996Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.73120Media representation

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2013		2012		2011
Income statement
Gross margin	1,6 M €	+0.9%	1,5 M €	+33.0%	1,2 M €	+6.7%	1,1 M €	+6.1%	1 M €	-12.4%	1,2 M €	+21.3%	965,5 k €	+28.6%	750,6 k €	+33.1%	564,1 k €	+16.1%	485,7 k €	+38.9%	349,6 k €	+3.2%	338,7 k €	+11.1%	304,9 k €
EBITDA	-809 €	-100%	215,4 k €	+212%	-192,3 k €	-10.6%	-173,9 k €	-465%	47,6 k €	-81.6%	259,3 k €	+41.8%	182,8 k €	+0.9%	181,3 k €	+2198%	-8,6 k €	-177%	11,3 k €	-35.3%	17,4 k €	+18.4%	14,7 k €	+144%	6 k €
Operating result	-19,6 k €	-109%	213,3 k €	+208%	-197,4 k €	-9.8%	-179,8 k €	-526%	42,2 k €	-83.3%	252,5 k €	+42.1%	177,7 k €	+1.0%	175,9 k €	+1409%	-13,4 k €	-247%	9,1 k €	-44.1%	16,3 k €	+370%	3,5 k €	+170%	-5 k €
Net result	-19,1 k €	-109%	213,2 k €	+208%	-197,8 k €	-7.8%	-183,5 k €	-617%	35,5 k €	-85.8%	250,4 k €	+36.1%	184 k €	+5.8%	173,9 k €	+1403%	-13,3 k €	-780%	2 k €	-93.5%	30,2 k €	+683%	3,9 k €	+235%	1,1 k €
Balance sheet
Equity	575,8 k €	-3.2%	594,9 k €	+55.8%	381,7 k €	-34.1%	579,5 k €	-24.0%	763 k €	+4.9%	727,5 k €	+52.5%	477 k €	+62.8%	293 k €	+146%	119,1 k €	-1.3%	120,7 k €	+2.7%	117,5 k €	+34.5%	87,4 k €	+4.6%	83,5 k €
Total assets	1,1 M €	+5.2%	1 M €	+38.7%	747,9 k €	-29.3%	1,1 M €	-12.7%	1,2 M €	+20.9%	1 M €	+20.4%	832,8 k €	+85.4%	449,1 k €	+74.3%	257,6 k €	-1.8%	262,2 k €	-4.1%	273,5 k €	+47.2%	185,9 k €	+40.8%	132 k €
Cash	887,1 k €	+9.8%	807,6 k €	+40.0%	577 k €	-33.9%	873 k €	-3.6%	905,7 k €	+34.6%	672,8 k €	-12.3%	767 k €	+129%	335,1 k €	+62.1%	206,8 k €	-13.3%	238,4 k €	+37.4%	173,5 k €	+0.0%	173,4 k €	+193%	59,1 k €
Debts	338,8 k €	+49.0%	227,4 k €	-9.4%	251,1 k €	-21.6%	320,2 k €	+53.9%	208,1 k €	+10.5%	188,3 k €	-42.4%	326,7 k €	+172%	120,1 k €	+6.4%	112,9 k €	+0.3%	112,6 k €	+59.9%	70,4 k €	-19.2%	87,1 k €	+81.2%	48,1 k €
Other
Workforce	18,2 ETP	+9.0%	16,7 ETP	-0.6%	16,8 ETP	-7.7%	18,2 ETP	+10.3%	16,5 ETP	+8.6%	15,2 ETP	+20.6%	12,6 ETP	+20.0%	10,5 ETP	+2.9%	10,2 ETP	+24.4%	8,2 ETP	+17.1%	7,0 ETP	+18.6%	5,9 ETP	-4.8%	6,2 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 · 8 active · 16 ended

Active mandates

Artemy Vorshilov

Director

Active

Bart Oste

Director

Active

Kris Martens

Director

Active

Saskia Aerts

Director

Active

Sibille Declercq

Director

Active

Sjoert Holtackers

Director

Active

Tom Van Schandevyl

Director

Active

Wouter De Koster

Director

Active

Ended mandates

Els Mannekens

Director

Ended

Els Van Besien

Director

Ended

Eva De Jaegere

Director

Ended

Francisca De Knudt

Director

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	01/01/2025	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	09/04/2026	31/03/2025	29/03/2024	03/04/2023	11/05/2022	24/03/2021
General meeting	19/03/2026	21/03/2025	08/03/2024	10/03/2023	06/05/2022	05/03/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/03/2026	09/04/2026	Dutch	PDF
Abridged model	31/12/2024	21/03/2025	31/03/2025	Dutch	PDF
Abridged model	31/12/2023	08/03/2024	29/03/2024	Dutch	PDF
Abridged model	31/12/2022	10/03/2023	03/04/2023	Dutch	PDF
Abridged model	31/12/2021	06/05/2022	11/05/2022	Dutch	PDF
Abridged model	31/12/2020	05/03/2021	24/03/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/03/2019	15/04/2019	Dutch	PDF
Abridged model	31/12/2017	02/03/2018	22/03/2018	Dutch	PDF
Abridged model	31/12/2016	10/02/2017	06/03/2017	Dutch	PDF
Abridged model	31/12/2015	05/02/2016	03/03/2016	Dutch	PDF
Abridged model	31/12/2014	06/02/2015	26/02/2015	Dutch	PDF
Abridged model	31/12/2013	07/02/2014	21/03/2014	Dutch	PDF
Abridged model	31/12/2012	08/02/2013	03/06/2013	Dutch	PDF
Abridged model	31/12/2011	24/02/2012	26/04/2012	Dutch	PDF
Abridged model	31/12/2010	28/01/2011	26/04/2011	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 · 8 active · 16 ended

Active mandates

Artemy Vorshilov

Director

Active

Bart Oste

Director

Active

Kris Martens

Director

Active

Saskia Aerts

Director

Active

Sibille Declercq

Director

Active

Sjoert Holtackers

Director

Active

Tom Van Schandevyl

Director

Active

Wouter De Koster

Director

Active

Ended mandates

Els Mannekens

Director

Ended

Els Van Besien

Director

Ended

Eva De Jaegere

Director

Ended

Francisca De Knudt

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2022
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/08/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2017
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 2025-19,1 k €↓
2024
Annual accounts 2024213,2 k €↑
2023
Annual accounts 2023-197,8 k €↓
2022
Annual accounts 2022-183,5 k €↓
2021
Annual accounts 202135,5 k €↓
2020
Annual accounts 2020250,4 k €↑
2019
Annual accounts 2019184 k €↑
2018
Annual accounts 2018173,9 k €↑
2017
Annual accounts 2017-13,3 k €↓
2015
Annual accounts 20152 k €↓
2013
Annual accounts 201330,2 k €↑
2012
Annual accounts 20123,9 k €↑
2011
Annual accounts 20111,1 k €
19/04/1979
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

CPZ

Overview

What does CPZ do?

Trend over 13 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