ACTIVE

Widar

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Financial year 2025 · closed on 31/12/2025

Net result

175,5 k €

+74.0% YoY

Revenue

741,2 k €

+6.3% YoY

Equity

3,6 M €

+4.0% YoY

Workforce

55,1 ETP

+1.1% YoY

What does Widar do?

Widar is a Non-profit organization incorporated in 1981. Its main activity is: General secondary education. Its registered office is in Merksplas. It employs on average 55,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.921.492

Incorporation

05/04/1981

Legal form

Non-profit organization

Registered office

Lipseinde 43
2330 Merksplas · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

55,1 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 (2)

319
31901

Signals

ProfitableSolid equityPositive 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
Revenue	741,2 k €	+6.3%	697,4 k €	+5.0%	664,5 k €	+9.2%	608,7 k €	+9.2%	557,3 k €	+4.0%	535,9 k €	+1.3%	528,9 k €	+8.8%	486,3 k €	-2.0%	496,1 k €	+2.0%	486,3 k €	+8.3%	449,1 k €	+4.1%	431,3 k €	+1.7%	423,9 k €	+1.7%	416,6 k €	+4.7%	398 k €	+6.5%	373,8 k €	+6.5%	350,8 k €	+5.4%	332,9 k €	+3.1%	322,9 k €
EBITDA	459,7 k €	+29.7%	354,4 k €	-47.2%	671 k €	+32.6%	505,8 k €	-1.4%	513 k €	+90.8%	268,9 k €	-36.4%	422,8 k €	+66.9%	253,3 k €	-25.9%	342,1 k €	+31.7%	259,7 k €	+151%	103,4 k €	-69.1%	334,7 k €	+402%	66,7 k €	-43.3%	117,6 k €	+51.1%	77,8 k €	-46.3%	145 k €	-12.5%	165,8 k €	+173%	60,7 k €	-65.8%	177,4 k €
Operating result	219,4 k €	+78.0%	123,3 k €	-72.4%	445,9 k €	+51.9%	293,6 k €	-4.6%	307,8 k €	+193%	105 k €	-59.3%	258,1 k €	+177%	93,3 k €	-50.3%	187,8 k €	+95.2%	96,2 k €	+428%	-29,3 k €	-115%	202,1 k €	+376%	-73,3 k €	-1646%	-4,2 k €	+92.1%	-53 k €	-248%	35,7 k €	-43.3%	63 k €	+284%	-34,1 k €	-142%	81,7 k €
Net result	175,5 k €	+74.0%	100,9 k €	-76.2%	423,4 k €	+51.7%	279,2 k €	-5.6%	295,7 k €	+189%	102,3 k €	-58.5%	246,4 k €	+88.2%	130,9 k €	-78.1%	597,7 k €	+787%	67,4 k €	+35.9%	49,6 k €	-72.1%	177,6 k €	+1413%	-13,5 k €	-124%	56,2 k €	+272%	-32,7 k €	-236%	24,1 k €	+6327%	-387,6 €	-101%	26,3 k €	-76.6%	112,4 k €
Balance sheet
Equity	3,6 M €	+4.0%	3,5 M €	+1.9%	3,4 M €	+12.8%	3 M €	+8.7%	2,8 M €	+10.3%	2,5 M €	+2.7%	2,4 M €	+9.3%	2,2 M €	+4.4%	2,1 M €	+0.5%	2,1 M €	+0.5%	2,1 M €	+4.4%	2 M €	+6.5%	1,9 M €	+41.3%	1,4 M €	+3.5%	1,3 M €	+0.5%	1,3 M €	+11.9%	1,2 M €	+1.8%	1,1 M €	+0.1%	1,1 M €
Total assets	5,3 M €	+3.9%	5,1 M €	+4.3%	4,9 M €	+13.6%	4,3 M €	+0.2%	4,3 M €	+3.9%	4,1 M €	+1.1%	4,1 M €	+3.0%	4 M €	+13.4%	3,5 M €	-10.2%	3,9 M €	+0.9%	3,9 M €	+21.3%	3,2 M €	+2.2%	3,1 M €	+20.8%	2,6 M €	+2.8%	2,5 M €	+2.4%	2,5 M €	+10.0%	2,2 M €	-2.3%	2,3 M €	+3.2%	2,2 M €
Cash	3,1 k €	-97.6%	128,7 k €	-45.6%	236,7 k €	+3259%	7 k €	+15.1%	6,1 k €	-35.1%	9,4 k €	-81.9%	52,2 k €	+136%	22,1 k €	+30.5%	17 k €	-92.3%	219 k €	+108%	105,2 k €	-2.7%	108,1 k €	-52.8%	229 k €	+111%	108,3 k €	+426%	20,6 k €	-69.1%	66,6 k €	-36.4%	104,8 k €	+39.4%	75,2 k €	+287%	19,4 k €
Debts	1,7 M €	+3.5%	1,6 M €	+9.9%	1,5 M €	+15.4%	1,3 M €	-15.3%	1,5 M €	-6.0%	1,6 M €	-1.2%	1,6 M €	-5.2%	1,7 M €	+27.8%	1,3 M €	-23.3%	1,8 M €	+1.2%	1,7 M €	+51.2%	1,1 M €	+2.9%	1,1 M €	+1.8%	1,1 M €	+0.5%	1,1 M €	+6.3%	1 M €	+0.8%	1 M €	+1.6%	1 M €	+7.5%	933,9 k €
Other
Workforce	55,1 ETP	+1.1%	54,5 ETP	+3.0%	52,9 ETP	+3.5%	51,1 ETP	+10.8%	46,1 ETP	-5.9%	49,0 ETP	-2.8%	50,4 ETP	-3.1%	52,0 ETP	+3.6%	50,2 ETP	+1.6%	49,4 ETP	+4.0%	47,5 ETP	+1.5%	46,8 ETP	-1.1%	47,3 ETP	+0.4%	47,1 ETP	+3.5%	45,5 ETP	+9.1%	41,7 ETP	+7.5%	38,8 ETP	+1.0%	38,4 ETP	+7.0%	35,9 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 · 11 ended

Active mandates

David Celis

Director · since 12 juin 2026

Active

Erna Nuyts

Director · since 12 juin 2026

Active

Petra Luyten

Director · since 23 mai 2025

Active

Hedwich Borghs

Director · since 17 juin 2022

Active

Nadine Vandenhende

Director · since 14 juin 2019

Active

Dirk Govaerts

Director

Active

Ellen Van Den Berg

Director

Active

Jan Borghs

Director

Active

Ended mandates

Boudewijn Van Den Bussche

Director

Ended

Herman Verhoeven

Director

Ended

Joke Vochten

Director · until 23 mai 2025

Ended

Joke Vochten

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Loongemeenschap Widar● Active	0538.518.264
WIDAR FONDS● Active	0431.821.927

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	20/08/2026	03/07/2025	29/07/2024	11/07/2023	30/06/2022	16/07/2021
General meeting	12/06/2026	23/05/2025	30/06/2024	16/06/2023	17/06/2022	18/06/2021
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	12/06/2026	20/08/2026	Dutch	PDF
Full model	31/12/2024	23/05/2025	03/07/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	29/07/2024	Dutch	PDF
Full model	31/12/2022	16/06/2023	11/07/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	16/07/2021	Dutch	PDF
Full model	31/12/2019	12/06/2020	14/07/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	04/07/2019	Dutch	PDF
Full model	31/12/2017	08/06/2018	05/07/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	16/06/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	15/06/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	16/06/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	06/06/2012	Dutch	PDF
Full model	31/12/2010	09/06/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	17/06/2010	18/06/2010	Dutch	PDF
Full model	31/12/2008	19/06/2009	22/06/2009	Dutch	PDF
Full model	31/12/2007	06/06/2008	10/06/2008	Dutch	PDF
Full model	31/12/2006	08/06/2007	29/06/2007	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 · 11 ended

Active mandates

David Celis

Director · since 12 juin 2026

Active

Erna Nuyts

Director · since 12 juin 2026

Active

Petra Luyten

Director · since 23 mai 2025

Active

Hedwich Borghs

Director · since 17 juin 2022

Active

Nadine Vandenhende

Director · since 14 juin 2019

Active

Dirk Govaerts

Director

Active

Ellen Van Den Berg

Director

Active

Jan Borghs

Director

Active

Ended mandates

Boudewijn Van Den Bussche

Director

Ended

Herman Verhoeven

Director

Ended

Joke Vochten

Director · until 23 mai 2025

Ended

Joke Vochten

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other06/08/2013
DOEL
PDF
Mandates29/05/2012
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 2025175,5 k €↑
2024
Annual accounts 2024100,9 k €↓
2023
Annual accounts 2023423,4 k €↑
2022
Annual accounts 2022279,2 k €↓
2021
Annual accounts 2021295,7 k €↑
2020
Annual accounts 2020102,3 k €↓
2019
Annual accounts 2019246,4 k €↑
2018
Annual accounts 2018130,9 k €↓
2017
Annual accounts 2017597,7 k €↑
2016
Annual accounts 201667,4 k €↑
2015
Annual accounts 201549,6 k €↓
2014
Annual accounts 2014177,6 k €↑
2013
Annual accounts 2013-13,5 k €↓
2012
Annual accounts 201256,2 k €↑
2011
Annual accounts 2011-32,7 k €↓
2010
Annual accounts 201024,1 k €↑
2009
Annual accounts 2009-387,6 €↓
2008
Annual accounts 200826,3 k €↓
2007
Annual accounts 2007112,4 k €
05/04/1981
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

Widar

Overview

What does Widar do?

Trend over 19 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