ACTIVE

BOULOT

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Financial year 2025 · closed on 31/12/2025

Net result

42,1 k €

-0.4% YoY

Revenue

177,9 k €

-7.1% YoY

Equity

378,8 k €

+12.5% YoY

Workforce

16,8 ETP

+1.2% YoY

What does BOULOT do?

BOULOT is a Non-profit organization incorporated in 1983. Its main activity is: Technical and vocational secondary education. Its registered office is in Bruxelles. It employs on average 16,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.742.412

Incorporation

22/09/1983

Legal form

Non-profit organization

Registered office

Rue Fransman 131
1020 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

16,8 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 (1)

32902

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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
Revenue	177,9 k €	-7.1%	191,4 k €	-8.3%	208,7 k €	-6.5%	223,2 k €	-2.7%	229,4 k €	+93.8%	118,4 k €	-48.4%	229,4 k €	+49.8%	153,2 k €	+19.5%	128,2 k €	-17.6%	155,5 k €	-7.5%	168,1 k €	-7.8%	182,3 k €	-20.8%	230,1 k €	+1.1%	227,7 k €	+28.8%	176,7 k €	-0.2%	177,1 k €	-6.0%	188,5 k €	+17.9%	159,8 k €
EBITDA	40 k €	-1.3%	40,5 k €	-21.1%	51,3 k €	-33.4%	77 k €	+73.1%	44,5 k €	+2719%	-1,7 k €	-103%	51,1 k €	+337%	-21,6 k €	+7.3%	-23,3 k €	-728%	3,7 k €	-43.7%	6,6 k €	-63.7%	18,2 k €	-39.8%	30,2 k €	-19.5%	37,5 k €	+89.7%	19,8 k €	+132%	-61,2 k €	-456%	17,2 k €	+152%	-32,7 k €
Operating result	39,5 k €	-1.7%	40,1 k €	+0.6%	39,9 k €	-25.0%	53,2 k €	+92.4%	27,6 k €	+488%	-7,1 k €	-115%	49 k €	+1704%	-3,1 k €	+86.9%	-23,3 k €	-722%	3,7 k €	-51.0%	7,6 k €	-49.4%	15,1 k €	-46.7%	28,3 k €	-18.1%	34,5 k €	+118%	15,9 k €	+125%	-64,4 k €	-2195%	-2,8 k €	+95.0%	-56 k €
Net result	42,1 k €	-0.4%	42,2 k €	+1.2%	41,7 k €	+4.2%	40,1 k €	+35.9%	29,5 k €	+615%	-5,7 k €	-113%	45,7 k €	+2197%	-2,2 k €	+90.6%	-23,2 k €	-329%	10,1 k €	+40.6%	7,2 k €	-55.4%	16,1 k €	-48.1%	31 k €	-8.5%	33,9 k €	+35.1%	25,1 k €	+147%	-53,4 k €	-129%	-23,3 k €	+50.1%	-46,6 k €
Balance sheet
Equity	378,8 k €	+12.5%	336,7 k €	+14.3%	294,5 k €	+16.5%	252,7 k €	+18.8%	212,7 k €	+16.1%	183,2 k €	-3.0%	188,9 k €	+31.9%	143,2 k €	-1.5%	145,3 k €	-13.7%	168,5 k €	+6.4%	158,4 k €	+4.8%	151,2 k €	+11.9%	135,1 k €	+29.8%	104 k €	+46.4%	71,1 k €	+51.5%	46,9 k €	-57.5%	110,4 k €	-15.3%	130,2 k €
Total assets	776,1 k €	+9.0%	712,3 k €	+16.4%	612,1 k €	+9.4%	559,7 k €	+5.0%	533,2 k €	+33.7%	398,8 k €	-7.7%	431,8 k €	+11.2%	388,2 k €	+2.4%	379,3 k €	+6.5%	356 k €	-4.1%	371,2 k €	+16.3%	319,1 k €	-11.9%	362,1 k €	+4.3%	347,3 k €	+5.1%	330,5 k €	-13.1%	380,6 k €	+4.8%	363 k €	-2.4%	371,8 k €
Cash	338,7 k €	-8.8%	371,3 k €	+86.6%	199 k €	+25.4%	158,6 k €	+122%	71,3 k €	-10.5%	79,7 k €	+34.8%	59,1 k €	+22.5%	48,2 k €	+64.7%	29,3 k €	-37.2%	46,7 k €	+78.9%	26,1 k €	-39.1%	42,8 k €	+26.2%	33,9 k €	+38.0%	24,6 k €	+16.9%	21 k €	+27.2%	16,5 k €	-60.1%	41,4 k €	+23.3%	33,6 k €
Debts	232,2 k €	-1.7%	236,3 k €	-5.8%	250,9 k €	-0.1%	251,1 k €	+9.7%	229 k €	+29.9%	176,4 k €	-12.7%	201,9 k €	-11.1%	227,1 k €	+13.3%	200,5 k €	+23.8%	162 k €	-9.7%	179,3 k €	+27.8%	140,3 k €	-20.2%	176 k €	-22.0%	225,6 k €	-7.8%	244,7 k €	-26.3%	332,1 k €	+34.1%	247,6 k €	+3.5%	239,3 k €
Other
Workforce	16,8 ETP	+1.2%	16,6 ETP	+0.6%	16,5 ETP	-3.5%	17,1 ETP	+9.6%	15,6 ETP	+28.9%	12,1 ETP	-2.4%	12,4 ETP	-3.9%	12,9 ETP	+5.7%	12,2 ETP	+0.8%	12,1 ETP	-4.0%	12,6 ETP	+1.6%	12,4 ETP	+1.6%	12,2 ETP	0.0%	12,2 ETP	-1.6%	12,4 ETP	-3.1%	12,8 ETP	-3.0%	13,2 ETP	+8.2%	12,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 42 ended

Active mandates

Abdelhak Sallah

Director · since 30 juin 2026 · until 29 juin 2030

Active

Alain Adriaensen

Director · since 30 juin 2026 · until 29 juin 2030

Active

Daniel Fastenakel

Chairman of the board of directors · since 30 juin 2026 · until 29 juin 2030

Active

Jean-François Heinen

Director · since 30 juin 2026 · until 29 juin 2030

Active

Michel Vandeput

Director · since 30 juin 2026 · until 29 juin 2030

Active

Roland Vandenhove

Director · since 30 juin 2026 · until 29 juin 2030

Active

Thierry Denis

Director · since 30 juin 2026 · until 29 juin 2026

Active

Ended mandates

Abdelhak Sallah

Director · since 17 janvier 2022 · until 17 janvier 2026

Ended

Alain Adriaensen

Director · since 17 juin 2019 · until 16 juin 2023

Ended

Alain Adriaensen

Director · since 17 juin 2019 · until 17 juin 2023

Ended

Alain Adriaensen

Director · since 17 juin 2019 · until 30 juin 2024

Ended

At this address

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ESPACE ABC● Active	0867.321.738
La Chôm'hier - AID● Active	0455.454.194

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	07/09/2026	25/06/2025	27/06/2024	08/07/2023	11/07/2022	15/07/2021
General meeting	30/06/2026	23/06/2025	26/06/2024	26/06/2023	27/06/2022	29/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	07/09/2026	French	PDF
Abridged model	31/12/2024	23/06/2025	25/06/2025	French	PDF
Abridged model	31/12/2023	26/06/2024	27/06/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	08/07/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	11/07/2022	French	PDF
Abridged model	31/12/2020	29/06/2021	15/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	06/07/2020	French	PDF
Abridged model	31/12/2018	17/06/2019	03/07/2019	French	PDF
Abridged model	31/12/2017	20/06/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	11/07/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	07/07/2016	French	PDF
Abridged model	31/12/2014	17/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	10/07/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	26/06/2012	04/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	12/07/2011	French	PDF
Abridged model	31/12/2009	23/06/2010	07/07/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	01/07/2010	French	PDF
Full modelCorrection	31/12/2007	30/06/2008	14/07/2009	French	PDF
Full model	31/12/2007	30/06/2008	09/07/2008	French	PDF
Abridged model	31/12/2006	13/06/2007	12/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 42 ended

Active mandates

Abdelhak Sallah

Director · since 30 juin 2026 · until 29 juin 2030

Active

Alain Adriaensen

Director · since 30 juin 2026 · until 29 juin 2030

Active

Daniel Fastenakel

Chairman of the board of directors · since 30 juin 2026 · until 29 juin 2030

Active

Jean-François Heinen

Director · since 30 juin 2026 · until 29 juin 2030

Active

Michel Vandeput

Director · since 30 juin 2026 · until 29 juin 2030

Active

Roland Vandenhove

Director · since 30 juin 2026 · until 29 juin 2030

Active

Thierry Denis

Director · since 30 juin 2026 · until 29 juin 2026

Active

Ended mandates

Abdelhak Sallah

Director · since 17 janvier 2022 · until 17 janvier 2026

Ended

Alain Adriaensen

Director · since 17 juin 2019 · until 16 juin 2023

Ended

Alain Adriaensen

Director · since 17 juin 2019 · until 17 juin 2023

Ended

Alain Adriaensen

Director · since 17 juin 2019 · until 30 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other26/09/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other08/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates01/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2019
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/06/2012
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates25/11/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates23/05/2008
OBJET - 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 202542,1 k €↓
2024
Annual accounts 202442,2 k €↑
2023
Annual accounts 202341,7 k €↑
2022
Annual accounts 202240,1 k €↑
2021
Annual accounts 202129,5 k €↑
2020
Annual accounts 2020-5,7 k €↓
2019
Annual accounts 201945,7 k €↑
2018
Annual accounts 2018-2,2 k €↑
2017
Annual accounts 2017-23,2 k €↓
2016
Annual accounts 201610,1 k €↑
2015
Annual accounts 20157,2 k €↓
2014
Annual accounts 201416,1 k €↓
2013
Annual accounts 201331 k €↓
2012
Annual accounts 201233,9 k €↑
2011
Annual accounts 201125,1 k €↑
2010
Annual accounts 2010-53,4 k €↓
2009
Annual accounts 2009-23,3 k €↑
2008
Annual accounts 2008-46,6 k €
22/09/1983
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

BOULOT

Overview

What does BOULOT do?

Trend over 18 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