NATAGORA
0434.366.097 · rovalta.com · 23/09/2026
ACTIVE
NATAGORA (SE)
Financial year 2025 · closed on 31/12/2025
Net result
-399 k €
-285.3% YoY
Revenue
2,2 M €
+7.9% YoY
Equity
44,4 M €
+8.5% YoY
Workforce
140,7 ETP
+6.3% YoY
Overview
What does NATAGORA do?
NATAGORA is a Non-profit organization incorporated in 1987. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Namur. It employs on average 140,7 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0434.366.097
Incorporation
11/05/1987
Legal form
Non-profit organization
Registered office
Traverse des Muses(NR) 1
5000 Namur · WallonieSee on map
5000 Namur · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
140,7 ETP
Activities (NACE)
72109Research and experimental development on natural sciences and engineering· main72190Other research and experimental development on natural sciences and engineering73100Advertising91042Botanical and zoological gardens and nature reserves activities91420Libraries, archives, museums and other cultural activities92530Gambling and betting activities
Joint committees (1)
- 329
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 13 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||
| Revenue | 2,2 M € | +7.9% | 2,1 M € | +212% | 660,5 k € | +33.9% | 493,2 k € | -6.2% | 526 k € | -13.5% | 608,2 k € | +31.7% | 462 k € | +265% | 126,4 k € | +10.7% | 114,2 k € | -5.8% | 121,2 k € | +70.2% | 71,2 k € | -66.9% | 215,4 k € | – | |
| EBITDA | 67,2 k € | -85.3% | 456,5 k € | +225% | -364,9 k € | -1.3% | -360,3 k € | -159% | 614,2 k € | +28.8% | 476,8 k € | +28.8% | 370,2 k € | -21.0% | 468,3 k € | +394% | 94,7 k € | -50.2% | 190,3 k € | +1470% | -13,9 k € | -112% | 119,3 k € | +40.5% | 84,9 k € |
| Operating result | -387,2 k € | -280% | 215,5 k € | +138% | -562,1 k € | +7.2% | -605,5 k € | -365% | 228,8 k € | +16.1% | 197 k € | +1627% | -12,9 k € | -107% | 191,7 k € | +154% | -352,5 k € | -534% | 81,3 k € | +147% | -173,3 k € | -80.1% | -96,2 k € | -243% | -28 k € |
| Net result | -399 k € | -285% | 215,4 k € | +137% | -576,8 k € | +10.6% | -645,1 k € | -449% | 184,8 k € | +29.0% | 143,2 k € | +148% | -295,7 k € | -279% | 164,9 k € | +149% | -337,1 k € | -458% | 94,1 k € | +162% | -151,3 k € | -7792% | 2 k € | -69.0% | 6,3 k € |
| Balance sheet | |||||||||||||||||||||||||
| Equity | 44,4 M € | +8.5% | 40,9 M € | +11.8% | 36,6 M € | +29.8% | 28,2 M € | +12.6% | 25 M € | +16.8% | 21,4 M € | +9.1% | 19,7 M € | +6.7% | 18,4 M € | +6.9% | 17,2 M € | +5.2% | 16,4 M € | +17.6% | 13,9 M € | +9.4% | 12,7 M € | +9.3% | 11,7 M € |
| Total assets | 76,2 M € | -6.4% | 81,4 M € | +3.6% | 78,6 M € | +46.9% | 53,5 M € | +17.2% | 45,7 M € | +0.7% | 45,3 M € | +41.4% | 32,1 M € | +38.7% | 23,1 M € | +6.3% | 21,8 M € | -1.6% | 22,1 M € | +21.7% | 18,2 M € | -15.7% | 21,6 M € | +29.1% | 16,7 M € |
| Cash | 4,6 M € | -38.9% | 7,5 M € | +16.6% | 6,5 M € | +154% | 2,5 M € | -56.8% | 5,9 M € | -35.0% | 9,1 M € | +652% | 1,2 M € | -7.2% | 1,3 M € | +86.2% | 698,8 k € | +110% | 333,1 k € | -40.7% | 561,8 k € | -12.4% | 641,2 k € | +22.7% | 522,5 k € |
| Debts | 13,5 M € | -21.8% | 17,3 M € | +7.8% | 16 M € | +49.5% | 10,7 M € | +20.8% | 8,9 M € | -26.1% | 12 M € | +121% | 5,4 M € | +60.5% | 3,4 M € | +46.7% | 2,3 M € | +191% | 792,7 k € | -31.1% | 1,2 M € | -69.2% | 3,7 M € | +203% | 1,2 M € |
| Other | |||||||||||||||||||||||||
| Workforce | 140,7 ETP | +6.3% | 132,4 ETP | +14.0% | 116,1 ETP | +1.9% | 113,9 ETP | +11.3% | 102,3 ETP | +4.5% | 97,9 ETP | -1.5% | 99,4 ETP | +3.6% | 95,9 ETP | +2.6% | 93,5 ETP | +11.4% | 83,9 ETP | +9.1% | 76,9 ETP | +9.5% | 70,2 ETP | +42.7% | 49,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 17 active · 153 ended
Active mandates
Clotilde DE MONTPELLIER D'ANNEVOIE
ActiveGuido SCHÜTZ
ActiveHervé PAQUES
ActiveAlain MALENGREAU
ActiveAlain PAQUET
ActiveBrigitte CHIWY
ActiveClaude PUTS
ActiveFrançoise THONET
ActiveLara HOTYAT
ActiveMichelle GOUBOUT-GUYLLEMYN
ActivePierre LEPRINCE
ActiveChristian VERSCHUEREN
ActiveDorothée DENAYER
ActiveEmmanuel TINTI
ActiveEric DE PLAEN
ActiveLuc DE JAEGER
ActiveSerge SORBI
ActiveEnded mandates
Alain PAQUET
EndedPierre LEPRINCE
EndedChristian VERSCHUEREN
EndedChristian VERSCHUEREN
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
AGRINAT● Active | 0834.106.958 |
Financials
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 | 02/07/2026 | 01/07/2025 | 26/06/2024 | 10/07/2023 | 20/07/2022 | 09/06/2021 |
| General meeting | 13/06/2026 | 14/06/2025 | 15/06/2024 | 10/06/2023 | 11/06/2022 | 29/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 13/06/2026 | 02/07/2026 | French | |
| Full model | 31/12/2024 | 14/06/2025 | 01/07/2025 | French | |
| Full model | 31/12/2023 | 15/06/2024 | 26/06/2024 | French | |
| Full model | 31/12/2022 | 10/06/2023 | 10/07/2023 | French | |
| Full model | 31/12/2021 | 11/06/2022 | 20/07/2022 | French | |
| Full model | 31/12/2020 | 29/05/2021 | 09/06/2021 | French | |
| Full model | 31/12/2019 | 27/06/2020 | 24/07/2020 | French | |
| Full model | 31/12/2018 | 22/06/2019 | 03/07/2019 | French | |
| Full model | 31/12/2017 | 09/06/2018 | 12/06/2018 | French | |
| Full model | 31/12/2016 | 10/06/2017 | 15/06/2017 | French | |
| Full model | 31/12/2015 | 25/06/2016 | 15/07/2016 | French | |
| Full model | 31/12/2014 | 10/05/2015 | 26/06/2015 | French | |
| Abridged model | 31/12/2013 | 25/05/2014 | 20/06/2014 | French | |
| Abridged model | 31/12/2012 | 15/06/2013 | 27/06/2013 | French | |
| Abridged model | 31/12/2011 | 09/06/2012 | 27/06/2012 | French | |
| Abridged model | 31/12/2010 | 29/05/2011 | 22/06/2011 | French | |
| Abridged model | 31/12/2009 | 29/05/2010 | 25/06/2010 | French | |
| Abridged model | 31/12/2008 | 16/05/2009 | 24/06/2009 | French | |
| Abridged model | 31/12/2007 | 01/06/2008 | 02/07/2008 | French | |
| Abridged modelCorrection | 31/12/2006 | 22/04/2007 | 08/11/2007 | French | |
| Abridged model | 31/12/2006 | 22/04/2007 | 13/07/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 17 active · 153 ended
Active mandates
Clotilde DE MONTPELLIER D'ANNEVOIE
ActiveGuido SCHÜTZ
ActiveHervé PAQUES
ActiveAlain MALENGREAU
ActiveAlain PAQUET
ActiveBrigitte CHIWY
ActiveClaude PUTS
ActiveFrançoise THONET
ActiveLara HOTYAT
ActiveMichelle GOUBOUT-GUYLLEMYN
ActivePierre LEPRINCE
ActiveChristian VERSCHUEREN
ActiveDorothée DENAYER
ActiveEmmanuel TINTI
ActiveEric DE PLAEN
ActiveLuc DE JAEGER
ActiveSerge SORBI
ActiveEnded mandates
Alain PAQUET
EndedPierre LEPRINCE
EndedChristian VERSCHUEREN
EndedChristian VERSCHUEREN
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other22/09/2026—
- Mandates30/12/2025DEMISSIONS, NOMINATIONS
- Mandates13/11/2025DEMISSIONS, NOMINATIONS
- Mandates17/12/2024DEMISSIONS, NOMINATIONS
- Other25/11/2024DIVERS
- Mandates02/10/2024DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates08/11/2023DEMISSIONS, NOMINATIONS
- Mandates04/10/2023DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-399 k €↓
- 14/06/2025nominationCHIWY Brigitte — administrateur
- 14/06/2025nominationDE JAEGER Luc — administrateur / Trésorier
- 14/06/2025nominationde MONTPELLIER d'ANNEVOIE Clotilde — administrateur
- 14/06/2025nominationDENAYER Dorothée — administrateur
- 14/06/2025nominationDE PLAEN Eric — administrateur
- 14/06/2025nominationGOUBOUT-GUILLEMYN Michelle — administrateur / Secrétaire
- 14/06/2025nominationHOTYAT Lara — administrateur
- 14/06/2025nominationLEPRINCE Pierre — administrateur
- 14/06/2025nominationMALENGREAU Alain — administrateur
- 14/06/2025nominationPAQUES Hervé — administrateur / Vice-Président
- 14/06/2025nominationPAQUET Alain — administrateur / Vice-Président
- 14/06/2025nominationPUTS Claude — administrateur
- 14/06/2025nominationSCHÜTZ Guido — administrateur
- 14/06/2025nominationSORBI Serge — administrateur
- 14/06/2025nominationTHONET Françoise — administrateur
- 14/06/2025nominationTINT Emmanuel — administrateur
- 14/06/2025nominationVERSCHUEREN Christian — administrateur / Président
- 2024Annual accounts 2024215,4 k €↑
- 15/06/2024reconductionF.C.G. Réviseurs d'Entreprises — commissaire
- 15/06/2024nominationCHIWY Brigitte — administrateur
- 15/06/2024nominationDE JAEGER Luc — administrateur
- 15/06/2024nominationDENAYER Dorothée — administrateur
- 15/06/2024nominationDE PLAEN Eric — administrateur
- 15/06/2024nominationGOUBOUT-GUILLEMYN Michelle — administrateur
- 15/06/2024nominationHOTYAT Lara — administrateur
- 15/06/2024nominationLEPRINCE Pierre — administrateur
- 15/06/2024nominationMALENGREAU Alain — administrateur
- 15/06/2024nominationPÂQUES Hervé — administrateur
- 15/06/2024nominationPAQUET Alain — administrateur
- 15/06/2024nominationPUTS Claude — administrateur
- 15/06/2024nominationSCHÜTZ Guido — administrateur
- 15/06/2024nominationSORBI Serge — administrateur
- 15/06/2024nominationSTEVENS Karin — administrateur
- 15/06/2024nominationTINTI Emmanuel — administrateur
- 15/06/2024nominationTHONET Françoise — administrateur
- 15/06/2024nominationVANDERHULST Emilie — administrateur
- 15/06/2024nominationVERSCHUEREN Christian — administrateur
- 2023Annual accounts 2023-576,8 k €↑
- 02/10/2023nominationSerge BRACK — mandats spéciaux
- 02/10/2023nominationAndré LHOUTE — mandats spéciaux
- 04/09/2023nominationChristian VERSCHUEREN — Président
- 04/09/2023nominationPierre LEPRINCE — Vice-Président
- 04/09/2023nominationHervé PAQUES — Vice-Président
- 04/09/2023nominationMichelle GOUBOUT-GUILLEMYN — Trésorière
- 04/09/2023nominationEmmanuel TINTI — Secrétaire
- 01/01/2023nominationSarah WAUTELET — mandataire spécial
- 01/01/2023nominationThierry ORY — mandataire spécial
- 2022Annual accounts 2022-645,1 k €↓
- 2021Annual accounts 2021184,8 k €↑
- 2020Annual accounts 2020143,2 k €↑
- 2019Annual accounts 2019-295,7 k €↓
- 2018Annual accounts 2018164,9 k €↑
- 2017Annual accounts 2017-337,1 k €↓
- 2016Annual accounts 201694,1 k €↑
- 2015Annual accounts 2015-151,3 k €↓
- 2014Annual accounts 20142 k €↓
- 2013Annual accounts 20136,3 k €
- 11/05/1987IncorporationNon-profit organization