ACTIVE

DE VLEUGELS

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Financial year 2025 · closed on 31/12/2025

Net result

2,3 M €

+23.0% YoY

Revenue

4,8 M €

+3.5% YoY

Equity

35,4 M €

+6.9% YoY

Workforce

442,8 ETP

+1.8% YoY

What does DE VLEUGELS do?

DE VLEUGELS is a Non-profit organization incorporated in 1985. Its main activity is: General secondary education. Its registered office is in Houthulst. It employs on average 442,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.408.290

Incorporation

19/12/1985

Legal form

Non-profit organization

Registered office

Stokstraat 1
8650 Houthulst · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

442,8 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

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	4,8 M €	+3.5%	4,6 M €	+0.4%	4,6 M €	+12.6%	4,1 M €	+15.1%	3,5 M €	+1.9%	3,5 M €	+1.1%	3,4 M €	+5.7%	3,3 M €	+4.5%	3,1 M €	-2.2%	3,2 M €	+3.7%	3,1 M €	+1.8%	3 M €	+1.4%	3 M €	+3.8%	2,9 M €	+3.7%	2,8 M €	+2.7%	2,7 M €	+0.2%	2,7 M €	+4.6%	2,6 M €
EBITDA	3,7 M €	+13.8%	3,3 M €	+25.1%	2,6 M €	+99.0%	1,3 M €	-59.7%	3,3 M €	-2.1%	3,3 M €	+10.4%	3 M €	+51.3%	2 M €	-19.3%	2,5 M €	+8.3%	2,3 M €	+8.6%	2,1 M €	+47.9%	1,4 M €	+35.1%	1,1 M €	+32.6%	795,3 k €	+4.1%	763,8 k €	+2.1%	748,4 k €	+28.4%	582,9 k €	-9.6%	644,7 k €
Operating result	2,1 M €	+36.4%	1,6 M €	+63.3%	962,1 k €	+352%	-382,2 k €	-124%	1,6 M €	-7.0%	1,7 M €	+5.8%	1,6 M €	+140%	673,6 k €	-44.9%	1,2 M €	-7.2%	1,3 M €	+20.3%	1,1 M €	+165%	414,2 k €	+8665%	4,7 k €	+102%	-247,2 k €	+15.9%	-294,1 k €	-43.4%	-205,1 k €	+53.8%	-444,2 k €	-6.9%	-415,5 k €
Net result	2,3 M €	+23.0%	1,9 M €	+52.1%	1,2 M €	+280%	-683,5 k €	-143%	1,6 M €	-6.2%	1,7 M €	+5.2%	1,6 M €	+74.5%	915,3 k €	-35.9%	1,4 M €	+7.9%	1,3 M €	+65.1%	801,1 k €	+80.8%	443 k €	+1210%	-39,9 k €	+86.8%	-302,2 k €	-39.8%	-216,2 k €	-149%	-87 k €	+66.1%	-256,8 k €	-2.1%	-251,4 k €
Balance sheet
Equity	35,4 M €	+6.9%	33,1 M €	+3.6%	31,9 M €	+4.9%	30,4 M €	-4.1%	31,7 M €	+3.3%	30,7 M €	+22.0%	25,2 M €	+4.8%	24 M €	+3.7%	23,2 M €	+9.2%	21,2 M €	+9.6%	19,3 M €	+16.4%	16,6 M €	+0.3%	16,6 M €	+0.0%	16,6 M €	-4.8%	17,4 M €	+9.6%	15,9 M €	+6.4%	14,9 M €	-4.7%	15,7 M €
Total assets	44,7 M €	+5.2%	42,5 M €	+3.4%	41,1 M €	+5.8%	38,8 M €	+0.4%	38,7 M €	+0.8%	38,4 M €	+19.1%	32,2 M €	+6.7%	30,2 M €	+0.1%	30,2 M €	+9.5%	27,6 M €	+7.7%	25,6 M €	+9.4%	23,4 M €	-0.1%	23,4 M €	+2.5%	22,8 M €	-3.5%	23,7 M €	+9.4%	21,6 M €	+13.1%	19,1 M €	-2.3%	19,6 M €
Cash	2,4 M €	+51.2%	1,6 M €	+27.7%	1,2 M €	-76.0%	5,1 M €	+1.6%	5,1 M €	+150%	2 M €	+140%	844,3 k €	-15.0%	993,4 k €	-42.7%	1,7 M €	-13.1%	2 M €	-14.3%	2,3 M €	+319%	556,6 k €	+4.7%	531,6 k €	+47.5%	360,4 k €	-50.8%	732,1 k €	-35.6%	1,1 M €	-26.8%	1,6 M €	-0.7%	1,6 M €
Debts	9,3 M €	-0.5%	9,3 M €	+2.7%	9,1 M €	+9.1%	8,3 M €	+21.6%	6,9 M €	-8.8%	7,5 M €	+10.2%	6,8 M €	+18.2%	5,8 M €	-11.8%	6,5 M €	+14.4%	5,7 M €	+6.5%	5,4 M €	-3.9%	5,6 M €	-6.8%	6 M €	+9.1%	5,5 M €	-3.0%	5,7 M €	+7.9%	5,2 M €	+35.0%	3,9 M €	+3.5%	3,8 M €
Other
Workforce	442,8 ETP	+1.8%	434,8 ETP	+0.8%	431,4 ETP	-2.5%	442,5 ETP	+4.0%	425,4 ETP	+1.9%	417,6 ETP	+3.8%	402,4 ETP	+4.2%	386,1 ETP	+5.3%	366,7 ETP	+3.6%	354,0 ETP	-3.3%	365,9 ETP	-0.1%	366,3 ETP	+2.7%	356,5 ETP	-4.0%	371,4 ETP	+3.9%	357,5 ETP	+1.0%	354,0 ETP	+1.5%	348,6 ETP	-0.1%	348,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 37 ended

Active mandates

ANN GEVAERT

Director

Active

BRAM VAN DAMME

Director

Active

DIRK LALEMAN

Director

Active

E.Z. JEANNINNE DEWILDE

Director

Active

FRANKY DE KEYSER

Director

Active

FRANS SAINT GERMAIN

Director

Active

LIEVEN DETAVERNIER

Director

Active

PATRICK VAN SLAMBROUCK

Director

Active

PAUL GUNST

Chairman of the board of directors

Active

THOMAS BAILLEUL

Director

Active

Ended mandates

CARLOS DE SMET

Chairman of the board of directors · since 19 juin 2013

Ended

ANN GEVAERT

Director · since 01 janvier 2011

Ended

E.Z. JEANNINNE DEWILDE

Director · since 01 janvier 2011

Ended

FRANS SAINT GERMAIN

Director · since 01 janvier 2011

Ended

At this address

Other companies at this address

Company	CBE no.
Heuvelzicht● Active	0418.713.267
KDV Het Verschil● Active	0702.865.166

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	01/07/2026	01/07/2025	24/06/2024	21/06/2023	01/07/2022	22/06/2021
General meeting	16/06/2026	19/06/2025	13/06/2024	13/06/2023	23/06/2022	08/06/2021
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	16/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	13/06/2024	24/06/2024	Dutch	PDF
Full model	31/12/2022	13/06/2023	21/06/2023	Dutch	PDF
Full model	31/12/2021	23/06/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	08/06/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	23/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	11/06/2019	18/06/2019	Dutch	PDF
Full model	31/12/2017	12/06/2018	18/06/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	22/06/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	23/06/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	19/06/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	20/06/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	18/05/2010	31/05/2010	Dutch	PDF
Full model	31/12/2008	11/06/2009	10/07/2009	Dutch	PDF
Full model	31/12/2007	15/05/2008	17/07/2008	Dutch	PDF
Full model	31/12/2006	22/05/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 10 active · 37 ended

Active mandates

ANN GEVAERT

Director

Active

BRAM VAN DAMME

Director

Active

DIRK LALEMAN

Director

Active

E.Z. JEANNINNE DEWILDE

Director

Active

FRANKY DE KEYSER

Director

Active

FRANS SAINT GERMAIN

Director

Active

LIEVEN DETAVERNIER

Director

Active

PATRICK VAN SLAMBROUCK

Director

Active

PAUL GUNST

Chairman of the board of directors

Active

THOMAS BAILLEUL

Director

Active

Ended mandates

CARLOS DE SMET

Chairman of the board of directors · since 19 juin 2013

Ended

ANN GEVAERT

Director · since 01 janvier 2011

Ended

E.Z. JEANNINNE DEWILDE

Director · since 01 janvier 2011

Ended

FRANS SAINT GERMAIN

Director · since 01 janvier 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other22/09/2026
—
PDF
Mandates19/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2018
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 20252,3 M €↑
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022-683,5 k €↓
2021
Annual accounts 20211,6 M €↓
2020
Annual accounts 20201,7 M €↑
2019
Annual accounts 20191,6 M €↑
2018
Annual accounts 2018915,3 k €↓
2017
Annual accounts 20171,4 M €↑
2017
Name changeDE VLEUGELS
2016
Annual accounts 20161,3 M €↑
2015
Annual accounts 2015801,1 k €↑
2014
Annual accounts 2014443 k €↑
2013
Annual accounts 2013-39,9 k €↑
2012
Annual accounts 2012-302,2 k €↓
2011
Annual accounts 2011-216,2 k €↓
2010
Annual accounts 2010-87 k €↑
2010
Name changeZORGCENTRUM MARIA TER ENGELEN
2009
Annual accounts 2009-256,8 k €↓
2008
Annual accounts 2008-251,4 k €
2008
Name changeGehandicaptenzorg Maria Ter Engelen
19/12/1985
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 VLEUGELS

Overview

What does DE VLEUGELS 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