ACTIVE

Eureka Network

Financial year 2023 · closed on 31/12/2023
Net result
619,3 k €
+0.8% YoY
Gross margin
4,8 M €
+23.0% YoY
Equity
3,1 M €
+25.1% YoY
Workforce
37,0 ETP
+10.4% YoY

What does Eureka Network do?

Eureka Network is a International non-profit organization incorporated in 1986. Its main activity is: Educational support activities. Its registered office is in Etterbeek. It employs on average 37,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.585.680
Incorporation
21/10/1986
Legal form
International non-profit organization
Registered office
Avenue de Tervueren 2
1040 Etterbeek · BruxellesSee on map
Latest accounts
31/12/2023
Average workforce
37,0 ETP
Joint committees (2)
  • 200
  • 335
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2023202220162013
Income statement
Gross margin4,8 M €3,9 M €3,2 M €2,7 M €
EBITDA1,2 M €1,2 M €540,4 k €640,2 k €
Operating result619,1 k €666,1 k €200 k €371,8 k €
Net result619,3 k €614,5 k €-6 k €360,3 k €
Balance sheet
Equity3,1 M €2,5 M €959,8 k €515,3 k €
Total assets8,5 M €8,5 M €28,3 M €21,2 M €
Cash446,4 k €745,5 k €7,1 M €17,9 M €
Debts1,9 M €2,6 M €24 M €17,6 M €
Other
Workforce37,0 ETP33,5 ETP31,8 ETP22,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2023 · 11 active · 43 ended

Active mandates

Melanie Cullins

Director · since 23 novembre 2023 · until 30 juin 2024

Active
Melanie Rüther

Director · since 23 novembre 2023 · until 30 juin 2024

Active
Chris North

Director · since 01 juillet 2023 · until 30 juin 2024

Active
Ismail Doğan

Chairman of the board of directors · since 01 juillet 2023 · until 30 juin 2024

Active
Min-Woo Lee

Director · since 01 juillet 2023 · until 30 juin 2024

Active
Táňa Hálová Perglová

Director · since 01 juillet 2023 · until 30 juin 2024

Active
Christian Dubarry

Director · since 01 janvier 2023 · until 30 juin 2024

Active
Duygu Çelik

Director · since 01 janvier 2023 · until 30 juin 2024

Active
Mikk Vahtrus

Director · since 01 juillet 2021 · until 30 juin 2024

Active
Paulo Ferrao

Director · since 01 juillet 2021 · until 30 juin 2024

Active
Luis Gonzales Souto

Director · since 01 juillet 2020 · until 30 juin 2024

Active

Ended mandates

Ahmet Yozgatligil

Chairman of the board of directors · since 01 janvier 2023 · until 30 juin 2023

Ended
Christian Dubarry

Director · since 01 janvier 2023 · until 30 juin 2023

Ended
Duygu Çelik

Director · since 01 janvier 2023 · until 30 juin 2023

Ended
Ralf Gebel

Director · since 01 janvier 2023 · until 30 juin 2023

Ended
At this address

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Annual accounts

Full financial information

2023202220162013
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202301/01/202201/01/201601/01/2013
Closing of the financial year31/12/202331/12/202231/12/201631/12/2013
Length of the financial year12 months12 months12 months12 months
Filing date07/05/202414/04/202329/03/201722/10/2015
General meeting18/04/202429/03/202309/03/201720/06/2014
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202318/04/202407/05/2024FrenchPDF
Abridged model31/12/202229/03/202314/04/2023FrenchPDF
Abridged model31/12/201609/03/201729/03/2017FrenchPDF
Abridged model31/12/201320/06/201422/10/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2023 · 11 active · 43 ended

Active mandates

Melanie Cullins

Director · since 23 novembre 2023 · until 30 juin 2024

Active
Melanie Rüther

Director · since 23 novembre 2023 · until 30 juin 2024

Active
Chris North

Director · since 01 juillet 2023 · until 30 juin 2024

Active
Ismail Doğan

Chairman of the board of directors · since 01 juillet 2023 · until 30 juin 2024

Active
Min-Woo Lee

Director · since 01 juillet 2023 · until 30 juin 2024

Active
Táňa Hálová Perglová

Director · since 01 juillet 2023 · until 30 juin 2024

Active
Christian Dubarry

Director · since 01 janvier 2023 · until 30 juin 2024

Active
Duygu Çelik

Director · since 01 janvier 2023 · until 30 juin 2024

Active
Mikk Vahtrus

Director · since 01 juillet 2021 · until 30 juin 2024

Active
Paulo Ferrao

Director · since 01 juillet 2021 · until 30 juin 2024

Active
Luis Gonzales Souto

Director · since 01 juillet 2020 · until 30 juin 2024

Active

Ended mandates

Ahmet Yozgatligil

Chairman of the board of directors · since 01 janvier 2023 · until 30 juin 2023

Ended
Christian Dubarry

Director · since 01 janvier 2023 · until 30 juin 2023

Ended
Duygu Çelik

Director · since 01 janvier 2023 · until 30 juin 2023

Ended
Ralf Gebel

Director · since 01 janvier 2023 · until 30 juin 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/10/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - DIVERS
    PDF
  • Mandates04/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/03/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2023
    Annual accounts 2023619,3 k €
  2. 2022
    Annual accounts 2022614,5 k €
  3. 2022
    Name changeAssociation d'EUREKA
  4. 2016
    Annual accounts 2016-6 k €
  5. 2013
    Annual accounts 2013360,3 k €
  6. 2013
    Name changeSecrétariat d'EUREKA
  7. 21/10/1986
    IncorporationInternational non-profit organization