ACTIVE

AVJ GERMINAL - ADL GERMINAL

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Financial year 2025 · Closed on 31/12/2025

Net result-724,5 €-110,2 %over 1 year

Gross margin1 M €+3,4 %over 1 year

Equity88,6 k €-0,8 %over 1 year

Workforce16,2 ETP+1,2 %over 1 year

Identity

Source · BCE/KBO

AVJ GERMINAL - ADL GERMINAL is a Non-profit organization incorporated in 1986. Its main activity is: Technical and vocational secondary education. Its registered office is in Evere. It employs on average 16,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0431.955.648
Incorporation: 01/02/1986
Legal form: Non-profit organization
Registered office: Rue Fernand Léger 50 box 02
1140 Evere · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 16,2 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)

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1 M €	+3.4%	972,7 k €	+6.2%	916,3 k €	+4.1%	880,3 k €	+13.5%	775,4 k €
EBITDA	3,8 k €	-68.1%	11,9 k €	+254%	-7,7 k €	+39.3%	-12,7 k €	-243%	8,9 k €
Operating result	-450,8 €	-106%	7,4 k €	+146%	-16 k €	+29.5%	-22,7 k €	-2023%	-1,1 k €
Net result	-724,5 €	-110%	7,1 k €	+169%	-10,3 k €	-183%	12,4 k €	+84.0%	6,7 k €
Balance sheet
Equity	88,6 k €	-0.8%	89,3 k €	+8.7%	82,1 k €	-16.8%	98,7 k €	+4.5%	94,4 k €
Total assets	277,7 k €	-8.9%	304,9 k €	+3.7%	293,9 k €	+9.6%	268,1 k €	+6.3%	252,2 k €
Cash	183,1 k €	-19.0%	225,9 k €	+5.0%	215,2 k €	+48.0%	145,5 k €	-34.1%	220,8 k €
Debts	181,1 k €	-11.9%	205,5 k €	+0.8%	203,8 k €	+26.3%	161,4 k €	+7.8%	149,7 k €
Other
Workforce	16,2 ETP	+1.2%	16,0 ETP	+5.3%	15,2 ETP	+2.7%	14,8 ETP	+0.7%	14,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 28 ended

Active mandates

Anne DE BUSSCHER

Director · since 26 avril 2022 · until 25 avril 2026

Active

Joao ALVES REBELO

Director · since 26 avril 2022 · until 25 avril 2026

Active

Luc DE KEERSMAEKER

Chairman of the board of directors · since 26 avril 2022 · until 25 avril 2026

Active

Martine GOOSKENS

Director · since 26 avril 2022 · until 25 avril 2026

Active

Xavier DUBOIS

Director · since 26 avril 2022 · until 25 avril 2026

Active

Ended mandates

Anne DEBUSSCHER

_Secrétaire · since 26 avril 2022 · until 25 avril 2026

Ended

Joao ALVES REBELO

Administrateur · since 26 avril 2022 · until 25 avril 2026

Ended

Luc DE KEERSMAEKER

Chairman of the board of directors · since 26 avril 2022 · until 23 avril 2026

Ended

Martine GOOSKENS

Vice-chairman of the board of directors · since 26 avril 2022 · until 25 avril 2026

Ended

Full financial information

Source · NBB

	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	28/07/2026	10/07/2025	16/05/2025	23/01/2024	23/09/2022	23/08/2021
General meeting	30/06/2026	16/04/2025	12/06/2024	14/06/2023	08/06/2022	28/04/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/07/2026	French	PDF
Abridged model	31/12/2024	16/04/2025	10/07/2025	French	PDF
Abridged model	31/12/2023	12/06/2024	16/05/2025	French	PDF
Abridged model	31/12/2022	14/06/2023	23/01/2024	French	PDF
Abridged model	31/12/2021	08/06/2022	23/09/2022	French	PDF
Abridged model	31/12/2020	28/04/2021	23/08/2021	French	PDF
Abridged model	31/12/2019	10/06/2020	09/10/2020	French	PDF
Abridged model	31/12/2018	12/06/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	13/06/2018	01/08/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	14/07/2017	French	PDF
Abridged model	31/12/2015	08/06/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	10/06/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	11/06/2014	23/10/2014	French	PDF
Abridged model	31/12/2012	12/06/2013	24/07/2013	French	PDF
Abridged model	31/12/2011	23/04/2012	02/04/2013	French	PDF
Abridged model	31/12/2010	08/06/2011	05/10/2011	French	PDF
Abridged model	31/12/2009	09/06/2010	09/09/2010	French	PDF
Abridged model	31/12/2008	10/06/2009	08/09/2009	French	PDF
Abridged model	31/12/2007	11/06/2008	16/09/2008	French	PDF
Abridged model	31/12/2006	13/06/2007	04/09/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 28 ended

Active mandates

Anne DE BUSSCHER

Director · since 26 avril 2022 · until 25 avril 2026

Active

Joao ALVES REBELO

Director · since 26 avril 2022 · until 25 avril 2026

Active

Luc DE KEERSMAEKER

Chairman of the board of directors · since 26 avril 2022 · until 25 avril 2026

Active

Martine GOOSKENS

Director · since 26 avril 2022 · until 25 avril 2026

Active

Xavier DUBOIS

Director · since 26 avril 2022 · until 25 avril 2026

Active

Ended mandates

Anne DEBUSSCHER

_Secrétaire · since 26 avril 2022 · until 25 avril 2026

Ended

Joao ALVES REBELO

Administrateur · since 26 avril 2022 · until 25 avril 2026

Ended

Luc DE KEERSMAEKER

Chairman of the board of directors · since 26 avril 2022 · until 23 avril 2026

Ended

Martine GOOSKENS

Vice-chairman of the board of directors · since 26 avril 2022 · until 25 avril 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other22/09/2026
—
PDF
Other22/09/2026
—
PDF
Mandates30/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2024
DEMISSIONS, NOMINATIONS
PDF
Other30/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other30/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2018
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025-724,5 €↓
2024
Annual accounts 20247,1 k €↑
2023
Annual accounts 2023-10,3 k €↓
2022
Annual accounts 202212,4 k €↑
2021
Annual accounts 20216,7 k €↑
2021
Name changeAVJ GERMINAL ASBL
2020
Annual accounts 20206,5 k €↑
2019
Annual accounts 20192,2 k €↓
2018
Annual accounts 20185,3 k €↑
2017
Annual accounts 20173,6 k €↑
2016
Annual accounts 2016-1,7 k €↑
2015
Annual accounts 2015-11,7 k €↓
2014
Annual accounts 2014-7,1 k €↓
2013
Annual accounts 20136,4 k €↑
2012
Annual accounts 2012-12,3 k €↓
2011
Annual accounts 201123,2 k €↓
2010
Annual accounts 201033 k €↑
2009
Annual accounts 2009-12,7 k €↓
2008
Annual accounts 2008-3,9 k €↓
2007
Annual accounts 200748,6 k €
2007
Name changeAvj Germinal - Adl Germinal
01/02/1986
IncorporationNon-profit organization

AVJ GERMINAL - ADL GERMINAL

Overview

Identity

Financials

Valuation

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

Timeline