ACTIVE

INITIATIVES POUR UNE FORMATION EFFICACE

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Financial year 2025 · Closed on 31/12/2025

Net result1 k €-79,0 %over 1 year
Revenue111 k €
Equity222,3 k €+0,5 %over 1 year
Workforce10,9 ETP+6,9 %over 1 year

Identity

Source · BCE/KBO

INITIATIVES POUR UNE FORMATION EFFICACE is a Non-profit organization incorporated in 1987. Its main activity is: Security and investigation activities. Its registered office is in Liège. It employs on average 10,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0433.491.614
Incorporation
22/05/1987
Legal form
Non-profit organization
Registered office
Mont Saint-Martin 45
4000 Liège · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
10,9 ETP
Joint committees (2)
  • 200
  • 337
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue111 k €––0 €0 €
EBITDA2,8 k €10,5 k €-5,3 k €29,2 k €-46,1 k €
Operating result1,5 k €8,8 k €-9,5 k €25 k €-50,1 k €
Net result1 k €4,9 k €2,2 k €1,8 k €-44,7 k €
Balance sheet
Equity222,3 k €221,3 k €216,4 k €214,2 k €212,4 k €
Total assets402,5 k €402,4 k €407,9 k €430,3 k €397,5 k €
Cash57,1 k €85,8 k €68,2 k €39,3 k €9,5 k €
Debts73,9 k €66 k €54,1 k €68 k €67,2 k €
Other
Workforce10,9 ETP10,2 ETP10,1 ETP10,1 ETP10,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 44 ended

Active mandates

Laurence PIRON

Chairman of the board of directors · since 01 novembre 2024

Active
Cécile DESSART

Director · since 12 juin 2023

Active
Danièle BAYERS

Director · since 12 juin 2023

Active
Isabelle BRAGARD

Managing director · since 12 juin 2023

Active
Salim MEGHERBI

Director · since 12 juin 2023

Active
Etienne SOTTIAUX

Director · since 24 avril 2013

Active
Catherine VAN GYSEGEM

Director · since 03 décembre 2009

Active

Ended mandates

Alexandre LODEZ

Director · since 12 juin 2023

Ended
Catherine VAN GYSEGEM

Director · since 12 juin 2023

Ended
Etienne SOTTIAUX

Director · since 12 juin 2023

Ended
Isabelle BRAGARD

Director · since 12 juin 2023

Ended

Other companies at this address

Mont Saint-Martin 45 4000 Liège
CompanyCBE no.
Haute Ecole Libre Mosane● Active
0898.631.160
HELMo Link● Active
0419.597.749
Institut supérieur Saint-Martin● Liquidation
0402.395.194

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/06/202623/06/202502/07/202422/06/202324/05/202229/07/2021
General meeting28/05/202627/05/202513/06/202412/06/202326/04/202230/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/05/202618/06/2026FrenchPDF
Abridged model31/12/202427/05/202523/06/2025FrenchPDF
Abridged model31/12/202313/06/202402/07/2024FrenchPDF
Abridged model31/12/202212/06/202322/06/2023FrenchPDF
Abridged model31/12/202126/04/202224/05/2022FrenchPDF
Abridged model31/12/202030/03/202129/07/2021FrenchPDF
Abridged model31/12/201919/05/202029/07/2020FrenchPDF
Abridged model31/12/201825/03/201912/08/2019FrenchPDF
Abridged model31/12/201726/02/201821/06/2018FrenchPDF
Abridged model31/12/201607/03/201725/07/2017FrenchPDF
Abridged model31/12/201523/02/201609/03/2016FrenchPDF
Abridged model31/12/201412/03/201524/04/2015FrenchPDF
Abridged model31/12/201331/03/201414/04/2014FrenchPDF
Abridged model31/12/201225/02/201301/03/2013FrenchPDF
Abridged model31/12/201126/03/201227/04/2012FrenchPDF
Abridged model31/12/201028/03/201105/04/2011FrenchPDF
Abridged model31/12/200915/03/201023/03/2010FrenchPDF
Abridged model31/12/200824/03/200904/05/2009FrenchPDF
Abridged model31/12/200711/03/200829/04/2008FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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

7 active · 44 ended

Active mandates

Laurence PIRON

Chairman of the board of directors · since 01 novembre 2024

Active
Cécile DESSART

Director · since 12 juin 2023

Active
Danièle BAYERS

Director · since 12 juin 2023

Active
Isabelle BRAGARD

Managing director · since 12 juin 2023

Active
Salim MEGHERBI

Director · since 12 juin 2023

Active
Etienne SOTTIAUX

Director · since 24 avril 2013

Active
Catherine VAN GYSEGEM

Director · since 03 décembre 2009

Active

Ended mandates

Alexandre LODEZ

Director · since 12 juin 2023

Ended
Catherine VAN GYSEGEM

Director · since 12 juin 2023

Ended
Etienne SOTTIAUX

Director · since 12 juin 2023

Ended
Isabelle BRAGARD

Director · since 12 juin 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other02/07/2026
    Modification de statuts
    PDF
  • Other08/07/2025
    Modification des statuts - Coordination des statuts
    PDF
  • Mandates24/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/01/2020
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates28/06/2013
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates03/10/2011
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/01/2010
    ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/01/2005
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251 k €↓
  2. 2025
    Name changeINFOREF ASBL Initiatives pour une Formation Efficace
  3. 2024
    Annual accounts 20244,9 k €↑
  4. 2023
    Annual accounts 20232,2 k €↑
  5. 2022
    Annual accounts 20221,8 k €↑
  6. 2021
    Annual accounts 2021-44,7 k €↓
  7. 2021
    Name changeINFOREF
  8. 2020
    Annual accounts 20202,2 k €↓
  9. 2019
    Annual accounts 20194,1 k €↑
  10. 2018
    Annual accounts 20182,5 k €↓
  11. 2017
    Annual accounts 201716,9 k €↑
  12. 2016
    Annual accounts 20166,6 k €↓
  13. 2015
    Annual accounts 201535 k €↑
  14. 2014
    Annual accounts 20149,3 k €↑
  15. 2013
    Annual accounts 20133,8 k €↑
  16. 2012
    Annual accounts 20122,9 k €↓
  17. 2011
    Annual accounts 20119,1 k €↓
  18. 2010
    Annual accounts 201018,7 k €↑
  19. 2009
    Annual accounts 200911,2 k €↓
  20. 2008
    Annual accounts 200829 k €↑
  21. 2007
    Annual accounts 200719,2 k €
  22. 2007
    Name changeINITIATIVES POUR UNE FORMATION EFFICACE
  23. 22/05/1987
    IncorporationNon-profit organization