ACTIVE

NETHEDAL

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Financial year 2025 · closed on 31/12/2025

Net result

93,5 k €

+837.2% YoY

Revenue

275,8 k €

+3.3% YoY

Equity

1,1 M €

+9.5% YoY

Workforce

21,4 ETP

+3.9% YoY

What does NETHEDAL do?

NETHEDAL is a Non-profit organization incorporated in 1985. Its main activity is: Technical and vocational secondary education. Its registered office is in Heist-op-den-Berg. It employs on average 21,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.830.439

Incorporation

10/12/1985

Legal form

Non-profit organization

Registered office

Zwerfheide 2
2221 Heist-op-den-Berg · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

21,4 ETP

Activities (NACE)

85322Technical and vocational secondary education· main 88993Other social work activities without accommodation n.e.c.88995Other social work activities without accommodation n.e.c.

Joint committees (1)

31901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	275,8 k €	+3.3%	266,9 k €	+45.7%	183,2 k €	+106%	89,1 k €	+112%	42,1 k €	-2.2%	43,1 k €	-39.8%	71,5 k €	-90.1%	722,7 k €	+8.8%	664,5 k €	+0.7%	660 k €	-4.0%	687,3 k €	+0.2%	685,9 k €	+13.2%	605,8 k €	-0.5%	608,7 k €	+4.6%	581,8 k €	+1.3%	574,1 k €	+8.6%	528,6 k €	+4.0%	508,2 k €
EBITDA	150,4 k €	+605%	21,3 k €	-88.1%	178,7 k €	+204%	-172 k €	-128%	-75,5 k €	-172%	104,6 k €	-10.7%	117,1 k €	-13.4%	135,2 k €	+931%	13,1 k €	-84.1%	82,6 k €	+114%	38,6 k €	-41.2%	65,8 k €	+1041%	-7 k €	-120%	35,2 k €	-42.2%	60,8 k €	-14.1%	70,8 k €	+113%	33,3 k €	-21.5%	42,4 k €
Operating result	93,8 k €	+792%	-13,6 k €	-109%	145,1 k €	+172%	-202,6 k €	-89.8%	-106,7 k €	-247%	72,5 k €	-15.1%	85,4 k €	-16.9%	102,7 k €	+657%	-18,5 k €	-137%	50 k €	+584%	7,3 k €	-79.3%	35,4 k €	+194%	-37,5 k €	-336%	-8,6 k €	-148%	17,7 k €	-27.2%	24,4 k €	+419%	-7,6 k €	-535%	1,8 k €
Net result	93,5 k €	+837%	-12,7 k €	-109%	145,2 k €	+169%	-210,9 k €	-97.6%	-106,7 k €	-247%	72,4 k €	-40.1%	120,9 k €	+20.2%	100,5 k €	+630%	-19 k €	-142%	45,1 k €	-70.5%	152,7 k €	+289%	39,3 k €	+261%	-24,4 k €	-301%	12,1 k €	-83.4%	73 k €	-22.5%	94,1 k €	+170%	34,9 k €	+115%	16,3 k €
Balance sheet
Equity	1,1 M €	+9.5%	988 k €	-3.1%	1 M €	+14.2%	892,7 k €	-20.5%	1,1 M €	-10.0%	1,2 M €	+4.5%	1,2 M €	+9.4%	1,1 M €	+8.1%	1 M €	-3.6%	1 M €	+2.6%	1 M €	+15.1%	886,4 k €	+2.4%	865,7 k €	-4.7%	908,7 k €	-0.7%	915,1 k €	+6.3%	860,7 k €	+9.6%	785,2 k €	+2.1%	768,9 k €
Total assets	2,8 M €	+4.4%	2,7 M €	+17.1%	2,3 M €	+14.3%	2 M €	+19.6%	1,7 M €	-26.9%	2,3 M €	-2.4%	2,4 M €	-35.6%	3,7 M €	+19.1%	3,1 M €	+25.7%	2,5 M €	+4.3%	2,4 M €	+8.0%	2,2 M €	+1.6%	2,2 M €	-16.9%	2,6 M €	+28.1%	2 M €	+2.4%	2 M €	-12.4%	2,3 M €	+3.5%	2,2 M €
Cash	930,9 k €	+8.6%	857,4 k €	-4.6%	898,9 k €	+31.7%	682,8 k €	-12.8%	783,4 k €	-0.4%	786,5 k €	+5.3%	747 k €	-5.0%	786,3 k €	-6.2%	838,2 k €	+8.2%	774,4 k €	+23.9%	625 k €	+23.2%	507,2 k €	-3.6%	526,2 k €	+15.2%	456,5 k €	+18.3%	385,8 k €	+11.1%	347,2 k €	+35.0%	257,1 k €	+15.8%	222,1 k €
Debts	1,7 M €	+1.5%	1,7 M €	+33.0%	1,3 M €	+17.4%	1,1 M €	+93.4%	568,1 k €	-46.7%	1,1 M €	-9.4%	1,2 M €	-54.5%	2,6 M €	+24.2%	2,1 M €	+47.3%	1,4 M €	+5.5%	1,3 M €	+3.1%	1,3 M €	+1.1%	1,3 M €	-23.5%	1,7 M €	+52.0%	1,1 M €	-0.6%	1,1 M €	-24.2%	1,5 M €	+4.2%	1,4 M €
Other
Workforce	21,4 ETP	+3.9%	20,6 ETP	+22.6%	16,8 ETP	+33.3%	12,6 ETP	+5.9%	11,9 ETP	-5.6%	12,6 ETP	-5.3%	13,3 ETP	+3.9%	12,8 ETP	-4.5%	13,4 ETP	+8.1%	12,4 ETP	+1.6%	12,2 ETP	+2.5%	11,9 ETP	+6.3%	11,2 ETP	+9.8%	10,2 ETP	+1.0%	10,1 ETP	+3.1%	9,8 ETP	+1.0%	9,7 ETP	+3.2%	9,4 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 · 8 ended

Active mandates

Bert Van den Broeck

Mandate

Active

Gert Vercammen

Mandate

Active

Jan Jansen

Mandate

Active

Louis Weckx

Mandate

Active

Pharamondus Liekens

Mandate

Active

Rita Verberck

Mandate

Active

Roger Michiels

Mandate

Active

Willy Verberck

Mandate

Active

Ended mandates

Constant Schoonbaert

Mandate

Ended

Godelieve Goyvaerts

Mandate

Ended

Jan Jansens

Mandate

Ended

Jan Janssen

Mandate

Ended

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	11/09/2026	29/07/2025	17/07/2024	26/07/2023	31/08/2022	18/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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
Abridged model	31/12/2025	30/06/2026	11/09/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	17/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	18/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	18/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	14/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	08/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	11/06/2007	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 · 8 ended

Active mandates

Bert Van den Broeck

Mandate

Active

Gert Vercammen

Mandate

Active

Jan Jansen

Mandate

Active

Louis Weckx

Mandate

Active

Pharamondus Liekens

Mandate

Active

Rita Verberck

Mandate

Active

Roger Michiels

Mandate

Active

Willy Verberck

Mandate

Active

Ended mandates

Constant Schoonbaert

Mandate

Ended

Godelieve Goyvaerts

Mandate

Ended

Jan Jansens

Mandate

Ended

Jan Janssen

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/01/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/06/2017
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202593,5 k €↑
2024
Annual accounts 2024-12,7 k €↓
2023
Annual accounts 2023145,2 k €↑
2022
Annual accounts 2022-210,9 k €↓
2021
Annual accounts 2021-106,7 k €↓
2020
Annual accounts 202072,4 k €↓
2019
Annual accounts 2019120,9 k €↑
2018
Annual accounts 2018100,5 k €↑
2017
Annual accounts 2017-19 k €↓
2016
Annual accounts 201645,1 k €↓
2015
Annual accounts 2015152,7 k €↑
2014
Annual accounts 201439,3 k €↑
2013
Annual accounts 2013-24,4 k €↓
2012
Annual accounts 201212,1 k €↓
2011
Annual accounts 201173 k €↓
2010
Annual accounts 201094,1 k €↑
2009
Annual accounts 200934,9 k €↑
2008
Annual accounts 200816,3 k €
10/12/1985
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

NETHEDAL

Overview

What does NETHEDAL 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