ACTIVE

NATAGORA

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Financial year 2025 · Closed on 31/12/2025

Net result-399 k €-285,3 %over 1 year
Revenue2,2 M €+7,9 %over 1 year
Equity44,4 M €+8,5 %over 1 year
Workforce140,7 ETP+6,3 %over 1 year

Identity

Source · BCE/KBO

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
Latest accounts
31/12/2025
Average workforce
140,7 ETP
Joint committees (1)
  • 329
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 13 financial years

20252024202320222021
Income statement
Revenue2,2 M €2,1 M €660,5 k €493,2 k €526 k €
EBITDA67,2 k €456,5 k €-364,9 k €-360,3 k €614,2 k €
Operating result-387,2 k €215,5 k €-562,1 k €-605,5 k €228,8 k €
Net result-399 k €215,4 k €-576,8 k €-645,1 k €184,8 k €
Balance sheet
Equity44,4 M €40,9 M €36,6 M €28,2 M €25 M €
Total assets76,2 M €81,4 M €78,6 M €53,5 M €45,7 M €
Cash4,6 M €7,5 M €6,5 M €2,5 M €5,9 M €
Debts13,5 M €17,3 M €16 M €10,7 M €8,9 M €
Other
Workforce140,7 ETP132,4 ETP116,1 ETP113,9 ETP102,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

17 active · 29 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Clotilde DE MONTPELLIER D'ANNEVOIE
Director14/06/2025 → 14/06/2028
Guido SCHÜTZ
Director27/06/2016 → 14/06/2028
Hervé PAQUES
Vice-chairman of the board of directors22/06/2019 → 14/06/2028Director27/04/2014 → 30/06/2019ended
Alain MALENGREAU
Director15/06/2024 → 15/06/2027
Alain PAQUET
Vice-chairman of the board of directors15/06/2024 → 15/06/2027Director15/06/2024 → 2024 accountsended
Brigitte CHIWY
Director27/04/2014 → 15/06/2027Vice-chairman of the board of directors10/05/2015 → 2022 accountsended
Claude PUTS
Director27/04/2014 → 15/06/2027Mandate2015 accountsended
Françoise THONET
Director15/06/2024 → 15/06/2027
Lara HOTYAT
Director30/06/2021 → 15/06/2027
Michelle GOUBOUT-GUYLLEMYN
Autre fonction29/05/2021 → 15/06/2027Mandate10/05/2015 → 2020 accountsended
Pierre LEPRINCE
Director15/06/2024 → 15/06/2027Chairman of the board of directors29/05/2021 → 2022 accountsendedVice-chairman of the board of directors27/04/2014 → 2024 accountsended
Christian VERSCHUEREN
Chairman of the board of directors10/06/2023 → 30/06/2026Director27/04/2014 → 2022 accountsended
Dorothée DENAYER
Director10/06/2023 → 30/06/2026
Emmanuel TINTI
Director27/04/2014 → 13/06/2026Autre fonction29/05/2020 → 2024 accountsendedMandate10/06/2017 → 30/06/2020ended
Eric DE PLAEN
Director30/06/2020 → 30/06/2026
Luc De Jaeger
Director10/06/2023 → 30/06/2026
Serge SORBI
Director27/04/2014 → 30/06/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Emilie VANDERHULST
Director11/06/2022 → 2024 accounts
Karin STEVENS
Director11/06/2022 → 2024 accounts

Other companies at this address

Traverse des Muses(NR) 1 5000 Namur
CompanyCBE no.
AGRINAT● Active
0834.106.958

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date02/07/202601/07/202526/06/202410/07/202320/07/202209/06/2021
General meeting13/06/202614/06/202515/06/202410/06/202311/06/202229/05/2021
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, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202513/06/202602/07/2026FrenchPDF
Full model31/12/202414/06/202501/07/2025FrenchPDF
Full model31/12/202315/06/202426/06/2024FrenchPDF
Full model31/12/202210/06/202310/07/2023FrenchPDF
Full model31/12/202111/06/202220/07/2022FrenchPDF
Full model31/12/202029/05/202109/06/2021FrenchPDF
Full model31/12/201927/06/202024/07/2020FrenchPDF
Full model31/12/201822/06/201903/07/2019FrenchPDF
Full model31/12/201709/06/201812/06/2018FrenchPDF
Full model31/12/201610/06/201715/06/2017FrenchPDF
Full model31/12/201525/06/201615/07/2016FrenchPDF
Full model31/12/201410/05/201526/06/2015FrenchPDF
Abridged model31/12/201325/05/201420/06/2014FrenchPDF
Abridged model31/12/201215/06/201327/06/2013FrenchPDF
Abridged model31/12/201109/06/201227/06/2012FrenchPDF
Abridged model31/12/201029/05/201122/06/2011FrenchPDF
Abridged model31/12/200929/05/201025/06/2010FrenchPDF
Abridged model31/12/200816/05/200924/06/2009FrenchPDF
Abridged model31/12/200701/06/200802/07/2008FrenchPDF
Abridged modelCorrection31/12/200622/04/200708/11/2007FrenchPDF
Abridged model31/12/200622/04/200713/07/2007FrenchPDF

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.

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

17 active · 29 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Clotilde DE MONTPELLIER D'ANNEVOIE
Director14/06/2025 → 14/06/2028
Guido SCHÜTZ
Director27/06/2016 → 14/06/2028
Hervé PAQUES
Vice-chairman of the board of directors22/06/2019 → 14/06/2028Director27/04/2014 → 30/06/2019ended
Alain MALENGREAU
Director15/06/2024 → 15/06/2027
Alain PAQUET
Vice-chairman of the board of directors15/06/2024 → 15/06/2027Director15/06/2024 → 2024 accountsended
Brigitte CHIWY
Director27/04/2014 → 15/06/2027Vice-chairman of the board of directors10/05/2015 → 2022 accountsended
Claude PUTS
Director27/04/2014 → 15/06/2027Mandate2015 accountsended
Françoise THONET
Director15/06/2024 → 15/06/2027
Lara HOTYAT
Director30/06/2021 → 15/06/2027
Michelle GOUBOUT-GUYLLEMYN
Autre fonction29/05/2021 → 15/06/2027Mandate10/05/2015 → 2020 accountsended
Pierre LEPRINCE
Director15/06/2024 → 15/06/2027Chairman of the board of directors29/05/2021 → 2022 accountsendedVice-chairman of the board of directors27/04/2014 → 2024 accountsended
Christian VERSCHUEREN
Chairman of the board of directors10/06/2023 → 30/06/2026Director27/04/2014 → 2022 accountsended
Dorothée DENAYER
Director10/06/2023 → 30/06/2026
Emmanuel TINTI
Director27/04/2014 → 13/06/2026Autre fonction29/05/2020 → 2024 accountsendedMandate10/06/2017 → 30/06/2020ended
Eric DE PLAEN
Director30/06/2020 → 30/06/2026
Luc De Jaeger
Director10/06/2023 → 30/06/2026
Serge SORBI
Director27/04/2014 → 30/06/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Emilie VANDERHULST
Director11/06/2022 → 2024 accounts
Karin STEVENS
Director11/06/2022 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other22/09/2026
    CONSTITUTION DU CONSEIL D'ADMINISTRATION ET DU BUREAU
    PDF
  • Mandates30/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other25/11/2024
    DIVERS
    PDF
  • Mandates02/10/2024
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates08/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/10/2023
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings13 filings
Mandates
Hervé PAQUES
Guido SCHÜTZ
Clotilde DE MONTPELLIER D'ANNEVOIE
Michelle GOUBOUT-GUYLLEMYN
Claude PUTS
Pierre LEPRINCE
Alain PAQUET
Françoise THONET
Alain MALENGREAU
Lara HOTYAT
Brigitte CHIWY
Eric DE PLAEN
198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028
NATAGORA
Traverse des Muses(NR) 1, 5000 Namur
Vice-chairman of the board of directorsDirector
Director
Director
Autre fonction
Director
DirectorChairman of the board of directorsVice-chairman of the board of directors
Vice-chairman of the board of directors
Director
Director
Director
DirectorVice-chairman of the board of directors
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Traverse des Muses(NR) 1, 5000 NamurCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00250363

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
NATAGORACurrent
accounts 2013 → 2025
Accounts 2025 · 2026-00250363

Events

  1. 2025
    Annual accounts 2025-399 k €↓
  2. 14/06/2025
    nominationCHIWY Brigitte · administrateur
  3. 14/06/2025
    nominationDE JAEGER Luc · administrateur / Trésorier
  4. 14/06/2025
    nominationde MONTPELLIER d'ANNEVOIE Clotilde · administrateur
  5. 14/06/2025
    nominationDENAYER Dorothée · administrateur
  6. 14/06/2025
    nominationDE PLAEN Eric · administrateur
  7. 14/06/2025
    nominationGOUBOUT-GUILLEMYN Michelle · administrateur / Secrétaire
  8. 14/06/2025
    nominationHOTYAT Lara · administrateur
  9. 14/06/2025
    nominationLEPRINCE Pierre · administrateur
  10. 14/06/2025
    nominationMALENGREAU Alain · administrateur
  11. 14/06/2025
    nominationPAQUES Hervé · administrateur / Vice-Président
  12. 14/06/2025
    nominationPAQUET Alain · administrateur / Vice-Président
  13. 14/06/2025
    nominationPUTS Claude · administrateur
  14. 14/06/2025
    nominationSCHÜTZ Guido · administrateur
  15. 14/06/2025
    nominationSORBI Serge · administrateur
  16. 14/06/2025
    nominationTHONET Françoise · administrateur
  17. 14/06/2025
    nominationTINT Emmanuel · administrateur
  18. 14/06/2025
    nominationVERSCHUEREN Christian · administrateur / Président
  19. 2024
    Annual accounts 2024215,4 k €↑
  20. 15/06/2024
    reconductionF.C.G. Réviseurs d'Entreprises · commissaire
  21. 15/06/2024
    nominationCHIWY Brigitte · administrateur
  22. 15/06/2024
    nominationDE JAEGER Luc · administrateur
  23. 15/06/2024
    nominationDENAYER Dorothée · administrateur
  24. 15/06/2024
    nominationDE PLAEN Eric · administrateur
  25. 15/06/2024
    nominationGOUBOUT-GUILLEMYN Michelle · administrateur
  26. 15/06/2024
    nominationHOTYAT Lara · administrateur
  27. 15/06/2024
    nominationLEPRINCE Pierre · administrateur
  28. 15/06/2024
    nominationMALENGREAU Alain · administrateur
  29. 15/06/2024
    nominationPÂQUES Hervé · administrateur
  30. 15/06/2024
    nominationPAQUET Alain · administrateur
  31. 15/06/2024
    nominationPUTS Claude · administrateur
  32. 15/06/2024
    nominationSCHÜTZ Guido · administrateur
  33. 15/06/2024
    nominationSORBI Serge · administrateur
  34. 15/06/2024
    nominationSTEVENS Karin · administrateur
  35. 15/06/2024
    nominationTINTI Emmanuel · administrateur
  36. 15/06/2024
    nominationTHONET Françoise · administrateur
  37. 15/06/2024
    nominationVANDERHULST Emilie · administrateur
  38. 15/06/2024
    nominationVERSCHUEREN Christian · administrateur
  39. 2023
    Annual accounts 2023-576,8 k €↑
  40. 02/10/2023
    nominationSerge BRACK · mandats spéciaux
  41. 02/10/2023
    nominationAndré LHOUTE · mandats spéciaux
  42. 04/09/2023
    nominationChristian VERSCHUEREN · Président
  43. 04/09/2023
    nominationPierre LEPRINCE · Vice-Président
  44. 04/09/2023
    nominationHervé PAQUES · Vice-Président
  45. 04/09/2023
    nominationMichelle GOUBOUT-GUILLEMYN · Trésorière
  46. 04/09/2023
    nominationEmmanuel TINTI · Secrétaire
  47. 01/01/2023
    nominationSarah WAUTELET · mandataire spécial
  48. 01/01/2023
    nominationThierry ORY · mandataire spécial
  49. 2022
    Annual accounts 2022-645,1 k €↓
  50. 2021
    Annual accounts 2021184,8 k €↑
  51. 2020
    Annual accounts 2020143,2 k €↑
  52. 2019
    Annual accounts 2019-295,7 k €↓
  53. 2018
    Annual accounts 2018164,9 k €↑
  54. 2017
    Annual accounts 2017-337,1 k €↓
  55. 2016
    Annual accounts 201694,1 k €↑
  56. 2015
    Annual accounts 2015-151,3 k €↓
  57. 2014
    Annual accounts 20142 k €↓
  58. 2013
    Annual accounts 20136,3 k €
  59. 11/05/1987
    IncorporationNon-profit organization