ACTIVE

De Walhoeve

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Financial year 2025 · closed on 31/12/2025

Net result

63,7 k €

+1758.6% YoY

Gross margin

1,9 M €

+5.3% YoY

Equity

1,5 M €

+0.6% YoY

Workforce

22,8 ETP

+3.6% YoY

What does De Walhoeve do?

De Walhoeve is a Non-profit organization incorporated in 1977. Its main activity is: General secondary education. Its registered office is in Vleteren. It employs on average 22,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.631.797

Incorporation

25/10/1977

Legal form

Non-profit organization

Registered office

Eikhoekstraat(West) 65
8640 Vleteren · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

22,8 ETP

Activities (NACE)

85313General secondary education· main 87901Other residential care activities 87991Other residential care activities

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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,9 M €	+5.3%	1,8 M €	+5.4%	1,7 M €	-5.0%	1,8 M €	+20.6%	1,5 M €	+9.4%	1,4 M €	+2.4%	1,3 M €	+2.6%	1,3 M €	+0.7%	1,3 M €	+11.0%	1,2 M €	-10.5%	1,3 M €	+6.7%	1,2 M €	+7.8%	1,1 M €	+1.5%	1,1 M €	+9.6%	1 M €	+6.9%	940,8 k €	-3.5%	974,9 k €	+3.8%	939,5 k €
EBITDA	202,8 k €	+41.8%	143,1 k €	-36.6%	225,8 k €	-36.7%	356,6 k €	+73.8%	205,1 k €	+220%	-170,6 k €	-194%	182,2 k €	-17.7%	221,3 k €	+20.0%	184,4 k €	+40.1%	131,6 k €	-49.6%	261,3 k €	+77.0%	147,6 k €	+100.0%	73,8 k €	-17.2%	89,2 k €	+111%	42,3 k €	+63.8%	25,8 k €	-66.3%	76,5 k €	-9.8%	84,8 k €
Operating result	67 k €	+667%	8,7 k €	-90.1%	88 k €	-61.0%	225,8 k €	+195%	76,6 k €	+126%	-291,3 k €	-571%	61,9 k €	-42.5%	107,6 k €	+87.7%	57,3 k €	+2485%	2,2 k €	-98.6%	158 k €	+381%	32,8 k €	+697%	-5,5 k €	-118%	30,1 k €	+334%	-12,9 k €	+48.7%	-25,1 k €	-185%	29,5 k €	-28.3%	41,1 k €
Net result	63,7 k €	+1759%	3,4 k €	-95.6%	77,3 k €	-64.0%	214,8 k €	+225%	66,2 k €	+122%	-302 k €	-729%	48 k €	-47.9%	92,2 k €	+112%	43,5 k €	+551%	-9,6 k €	-107%	147,8 k €	+430%	27,9 k €	-80.9%	145,9 k €	+366%	31,3 k €	+362%	-11,9 k €	+53.0%	-25,4 k €	-138%	66,4 k €	-13.7%	77 k €
Balance sheet
Equity	1,5 M €	+0.6%	1,5 M €	-3.3%	1,6 M €	+1.4%	1,6 M €	+11.4%	1,4 M €	+0.5%	1,4 M €	-21.0%	1,8 M €	+1.0%	1,7 M €	+3.6%	1,7 M €	+5.4%	1,6 M €	+17.1%	1,4 M €	+10.1%	1,2 M €	+22.5%	1 M €	+12.8%	892,3 k €	+24.5%	716,6 k €	+9.1%	656,7 k €	+14.0%	576 k €	+5.3%	546,9 k €
Total assets	2,2 M €	-1.7%	2,3 M €	-3.9%	2,4 M €	-3.0%	2,5 M €	+4.6%	2,3 M €	+4.2%	2,2 M €	-14.5%	2,6 M €	+1.0%	2,6 M €	+1.7%	2,6 M €	-0.3%	2,6 M €	+17.0%	2,2 M €	+6.4%	2,1 M €	+67.6%	1,2 M €	+7.8%	1,1 M €	+16.3%	982,6 k €	+10.9%	885,8 k €	+12.6%	786,4 k €	+2.9%	764,2 k €
Cash	132,7 k €	-5.1%	139,8 k €	-72.4%	506,1 k €	-15.8%	601,3 k €	+217%	189,6 k €	-53.0%	403,8 k €	-23.8%	529,6 k €	+16.9%	453,1 k €	+17.9%	384,4 k €	+3.7%	370,6 k €	+36.0%	272,5 k €	-18.2%	333 k €	+50.0%	221,9 k €	+17.1%	189,5 k €	-36.7%	299,5 k €	+107%	144,7 k €	-45.9%	267,5 k €	+14.7%	233,2 k €
Debts	717,5 k €	-6.3%	766,1 k €	-5.2%	807,8 k €	-10.4%	901,6 k €	+3.2%	873,4 k €	+11.3%	784,8 k €	-10.6%	878 k €	+1.2%	867,8 k €	-1.9%	884,8 k €	-9.6%	978,6 k €	+16.7%	839 k €	+0.8%	832,5 k €	+268%	226,2 k €	-9.7%	250,5 k €	-5.8%	266 k €	+16.1%	229,1 k €	+8.9%	210,4 k €	-3.2%	217,3 k €
Other
Workforce	22,8 ETP	+3.6%	22,0 ETP	+2.3%	21,5 ETP	+1.9%	21,1 ETP	+2.4%	20,6 ETP	+4.0%	19,8 ETP	-8.3%	21,6 ETP	+19.3%	18,1 ETP	-4.7%	19,0 ETP	0.0%	19,0 ETP	0.0%	19,0 ETP	0.0%	19,0 ETP	-5.0%	20,0 ETP	0.0%	20,0 ETP	0.0%	20,0 ETP	+11.1%	18,0 ETP	-5.3%	19,0 ETP	0.0%	19,0 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 · 7 active · 26 ended

Active mandates

Dieter Mahieu

Mandate

Active

Georges Van Nevel

Mandate

Active

Katrien Stratsaert

Mandate

Active

Lara Rousseeuw

Mandate

Active

Marc Lapierre

Mandate

Active

Sven Lerminez

Mandate

Active

Veronique Hameeuw

Mandate

Active

Ended mandates

Georges Van Nevel

Director · since 15 novembre 2017

Ended

Eric Van Parys

Chairman of the board of directors · since 18 mai 2017

Ended

Marc Deketelaere

Director · since 26 mai 2016

Ended

Koen Fonteyne

Director · since 26 mai 2015

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	02/07/2026	25/06/2025	25/06/2024	22/06/2023	20/06/2022	20/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	08/06/2023	09/06/2022	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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	09/06/2022	20/06/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	20/07/2021	Dutch	PDF
Abridged modelCorrection	31/12/2019	02/06/2020	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	13/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	31/05/2018	Dutch	PDF
Abridged model	31/12/2016	18/05/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/07/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	08/07/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	26/06/2009	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 · 7 active · 26 ended

Active mandates

Dieter Mahieu

Mandate

Active

Georges Van Nevel

Mandate

Active

Katrien Stratsaert

Mandate

Active

Lara Rousseeuw

Mandate

Active

Marc Lapierre

Mandate

Active

Sven Lerminez

Mandate

Active

Veronique Hameeuw

Mandate

Active

Ended mandates

Georges Van Nevel

Director · since 15 novembre 2017

Ended

Eric Van Parys

Chairman of the board of directors · since 18 mai 2017

Ended

Marc Deketelaere

Director · since 26 mai 2016

Ended

Koen Fonteyne

Director · since 26 mai 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other08/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2018
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 202563,7 k €↑
2024
Annual accounts 20243,4 k €↓
2023
Annual accounts 202377,3 k €↓
2022
Annual accounts 2022214,8 k €↑
2021
Annual accounts 202166,2 k €↑
2020
Annual accounts 2020-302 k €↓
2019
Annual accounts 201948 k €↓
2018
Annual accounts 201892,2 k €↑
2017
Annual accounts 201743,5 k €↑
2016
Annual accounts 2016-9,6 k €↓
2015
Annual accounts 2015147,8 k €↑
2014
Annual accounts 201427,9 k €↓
2013
Annual accounts 2013145,9 k €↑
2012
Annual accounts 201231,3 k €↑
2011
Annual accounts 2011-11,9 k €↑
2010
Annual accounts 2010-25,4 k €↓
2009
Annual accounts 200966,4 k €↓
2008
Annual accounts 200877 k €
25/10/1977
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

De Walhoeve

Overview

What does De Walhoeve do?

Trend over 18 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