ACTIVE

Zonnelied

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Financial year 2025 · closed on 31/12/2025

Net result

897,6 k €

-53.7% YoY

Revenue

3,3 M €

-0.9% YoY

Equity

23,7 M €

+4.5% YoY

Workforce

296,9 ETP

+7.0% YoY

What does Zonnelied do?

Zonnelied is a Non-profit organization incorporated in 1980. Its main activity is: General secondary education. Its registered office is in Roosdaal. It employs on average 296,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.607.638

Incorporation

15/04/1980

Legal form

Non-profit organization

Registered office

Kloosterstraat 7
1761 Roosdaal · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

296,9 ETP

Activities (NACE)

85314General secondary education· main 87202Residential care activities for mental retardation, mental health and substance abuse 87202Residential care activities for mental retardation, mental health and substance abuse

Joint committees (1)

31901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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
Revenue	3,3 M €	-0.9%	3,4 M €	+16.2%	2,9 M €	+22.6%	2,4 M €	+7.8%	2,2 M €	+10.3%	2 M €	+0.9%	2 M €	+2.3%	1,9 M €	-10.7%	2,2 M €	+3.3%	2,1 M €	+3.5%	2 M €	+2.7%	2 M €	+4.9%	1,9 M €	+7.1%	1,7 M €	+7.3%	1,6 M €	+12.2%	1,5 M €	+4.5%	1,4 M €	+6.7%	1,3 M €
EBITDA	1,8 M €	-34.2%	2,7 M €	+7.6%	2,5 M €	+89.9%	1,3 M €	-46.7%	2,5 M €	-0.1%	2,5 M €	+159%	966,7 k €	-10.0%	1,1 M €	+0.5%	1,1 M €	-21.9%	1,4 M €	+38.0%	991,6 k €	+76.0%	563,6 k €	+146%	228,9 k €	+12.8%	202,8 k €	-10.3%	226,1 k €	+17.5%	192,4 k €	+147%	78,1 k €	-44.5%	140,6 k €
Operating result	928,8 k €	-51.0%	1,9 M €	+12.0%	1,7 M €	+238%	500,4 k €	-71.0%	1,7 M €	-6.5%	1,8 M €	+558%	280,2 k €	-31.5%	408,7 k €	+0.3%	407,4 k €	-45.7%	750,8 k €	+110%	356,8 k €	+985%	-40,3 k €	+78.5%	-187,3 k €	-0.9%	-185,7 k €	+5.5%	-196,5 k €	-59.4%	-123,3 k €	+42.6%	-214,7 k €	-80.3%	-119,1 k €
Net result	897,6 k €	-53.7%	1,9 M €	+13.1%	1,7 M €	+280%	451,1 k €	-73.3%	1,7 M €	-5.7%	1,8 M €	+13.1%	1,6 M €	-31.6%	2,3 M €	+243%	675,3 k €	-57.5%	1,6 M €	+116%	736,3 k €	+305%	181,9 k €	+694%	22,9 k €	-66.8%	68,9 k €	-23.4%	90 k €	-35.2%	138,8 k €	+292%	35,4 k €	-82.5%	202,6 k €
Balance sheet
Equity	23,7 M €	+4.5%	22,7 M €	+8.5%	20,9 M €	+7.1%	19,5 M €	+1.8%	19,2 M €	+7.8%	17,8 M €	+9.3%	16,2 M €	+8.3%	15 M €	+16.4%	12,9 M €	+2.4%	12,6 M €	+10.8%	11,4 M €	+8.3%	10,5 M €	+23.5%	8,5 M €	+3.5%	8,2 M €	+26.1%	6,5 M €	+14.7%	5,7 M €	+0.8%	5,6 M €	+17.7%	4,8 M €
Total assets	33,5 M €	+6.8%	31,4 M €	+7.7%	29,1 M €	+3.3%	28,2 M €	+1.8%	27,7 M €	+3.6%	26,7 M €	+14.8%	23,3 M €	+4.5%	22,3 M €	+9.5%	20,3 M €	+0.9%	20,2 M €	+2.3%	19,7 M €	+4.4%	18,9 M €	+29.1%	14,6 M €	+8.8%	13,4 M €	+18.2%	11,4 M €	+20.5%	9,4 M €	+3.3%	9,1 M €	+25.0%	7,3 M €
Cash	2,3 M €	+9.1%	2,1 M €	+30.0%	1,6 M €	-19.7%	2 M €	+353%	440 k €	-84.7%	2,9 M €	+1061%	247,8 k €	-6.4%	264,7 k €	+90.7%	138,8 k €	-18.6%	170,5 k €	-33.8%	257,7 k €	+34.1%	192,2 k €	+59.0%	120,8 k €	-54.8%	267,3 k €	+248%	76,9 k €	+44.2%	53,3 k €	-51.1%	109 k €	+10.2%	98,9 k €
Debts	9,5 M €	+13.4%	8,4 M €	+6.2%	7,9 M €	-5.1%	8,3 M €	+1.5%	8,2 M €	+2.8%	8 M €	+35.1%	5,9 M €	-0.6%	5,9 M €	-1.5%	6 M €	+2.6%	5,9 M €	-3.9%	6,1 M €	+0.3%	6,1 M €	+52.9%	4 M €	+15.0%	3,5 M €	+4.1%	3,3 M €	+38.6%	2,4 M €	+2.2%	2,4 M €	+54.1%	1,5 M €
Other
Workforce	296,9 ETP	+7.0%	277,6 ETP	+3.6%	267,9 ETP	+3.3%	259,3 ETP	+10.0%	235,7 ETP	+5.5%	223,4 ETP	+2.4%	218,1 ETP	+0.8%	216,3 ETP	+3.5%	209,0 ETP	-1.1%	211,3 ETP	+4.2%	202,8 ETP	-1.5%	205,8 ETP	-0.5%	206,8 ETP	+2.0%	202,7 ETP	+5.1%	192,8 ETP	+5.8%	182,3 ETP	+1.7%	179,2 ETP	+11.0%	161,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 40 ended

Active mandates

Filip De Wolf

Chairman of the board of directors · since 01 janvier 2025 · until 01 janvier 2031

Active

Isabelle Gierts

Director · since 01 janvier 2025 · until 01 janvier 2031

Active

François Vunckx

Director · since 12 juin 2023 · until 12 juin 2029

Active

Guy Bruyninckx

Director · since 12 juin 2023 · until 12 juin 2029

Active

Jacques Van der Donckt

Director · since 12 juin 2023 · until 12 juin 2029

Active

Renaat Van Der Stock

Director · since 12 juin 2023 · until 12 juin 2029

Active

René De Wever

Director · since 12 juin 2023 · until 12 juin 2029

Active

Saskia Mahieu

Director · since 12 juin 2023 · until 12 juin 2029

Active

Stephan Van Wassenhove

Director · since 12 juin 2023 · until 12 juin 2029

Active

Ended mandates

Filip De Wolf

Director · since 12 juin 2023 · until 12 juin 2029

Ended

Ludovica Lauryssen

Director · since 12 juin 2023 · until 12 juin 2029

Ended

Renaat Van Der Stock

Chairman of the board of directors · since 12 juin 2023 · until 12 juin 2029

Ended

Filip De Wolf

Director · since 01 juin 2022 · until 31 mai 2028

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/06/2026	28/05/2025	12/06/2024	27/06/2023	27/06/2022	01/07/2021
General meeting	15/06/2026	19/05/2025	03/06/2024	12/06/2023	20/06/2022	14/06/2021
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
Full model	31/12/2025	15/06/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	28/05/2025	Dutch	PDF
Full model	31/12/2023	03/06/2024	12/06/2024	Dutch	PDF
Full model	31/12/2022	12/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	20/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	14/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	15/06/2020	22/06/2020	Dutch	PDF
Full model	31/12/2018	24/06/2019	04/07/2019	Dutch	PDF
Full model	31/12/2017	18/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	26/06/2017	12/07/2017	Dutch	PDF
Full model	31/12/2015	20/06/2016	29/06/2016	Dutch	PDF
Full model	31/12/2014	22/06/2015	02/07/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	17/06/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	18/06/2012	19/06/2012	Dutch	PDF
Full model	31/12/2010	20/06/2011	22/06/2011	Dutch	PDF
Full model	31/12/2009	21/06/2010	23/06/2010	Dutch	PDF
Full model	31/12/2008	22/06/2009	23/06/2009	Dutch	PDF
Full model	31/12/2007	23/06/2008	23/07/2008	Dutch	PDF
Full model	31/12/2006	18/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 9 active · 40 ended

Active mandates

Filip De Wolf

Chairman of the board of directors · since 01 janvier 2025 · until 01 janvier 2031

Active

Isabelle Gierts

Director · since 01 janvier 2025 · until 01 janvier 2031

Active

François Vunckx

Director · since 12 juin 2023 · until 12 juin 2029

Active

Guy Bruyninckx

Director · since 12 juin 2023 · until 12 juin 2029

Active

Jacques Van der Donckt

Director · since 12 juin 2023 · until 12 juin 2029

Active

Renaat Van Der Stock

Director · since 12 juin 2023 · until 12 juin 2029

Active

René De Wever

Director · since 12 juin 2023 · until 12 juin 2029

Active

Saskia Mahieu

Director · since 12 juin 2023 · until 12 juin 2029

Active

Stephan Van Wassenhove

Director · since 12 juin 2023 · until 12 juin 2029

Active

Ended mandates

Filip De Wolf

Director · since 12 juin 2023 · until 12 juin 2029

Ended

Ludovica Lauryssen

Director · since 12 juin 2023 · until 12 juin 2029

Ended

Renaat Van Der Stock

Chairman of the board of directors · since 12 juin 2023 · until 12 juin 2029

Ended

Filip De Wolf

Director · since 01 juin 2022 · until 31 mai 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/02/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2018
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 2025897,6 k €↓
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 2022451,1 k €↓
2021
Annual accounts 20211,7 M €↓
2020
Annual accounts 20201,8 M €↑
2019
Annual accounts 20191,6 M €↓
2018
Annual accounts 20182,3 M €↑
2017
Annual accounts 2017675,3 k €↓
2016
Annual accounts 20161,6 M €↑
2015
Annual accounts 2015736,3 k €↑
2014
Annual accounts 2014181,9 k €↑
2013
Annual accounts 201322,9 k €↓
2012
Annual accounts 201268,9 k €↓
2011
Annual accounts 201190 k €↓
2010
Annual accounts 2010138,8 k €↑
2009
Annual accounts 200935,4 k €↓
2008
Annual accounts 2008202,6 k €
15/04/1980
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

Zonnelied

Overview

What does Zonnelied 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