ACTIVE

Le Cercle

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Financial year 2025 · closed on 31/12/2025
Net result
6,3 k €
-83.2% YoY
Gross margin
557,9 k €
-1.7% YoY
Equity
71,6 k €
+6.5% YoY

What does Le Cercle do?

Le Cercle is a Non-profit organization incorporated in 1988. Its main activity is: Technical and vocational secondary education. Its registered office is in Ciney.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0435.194.359
Incorporation
17/02/1988
Legal form
Non-profit organization
Registered office
Rue du Centre 11
5590 Ciney · WallonieSee on map
Latest accounts
31/12/2025
Activities (NACE)
85323Technical and vocational secondary education· main88992Other social work activities without accommodation n.e.c.88994Other social work activities without accommodation n.e.c.
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin557,9 k €567,8 k €489,5 k €422,4 k €415,8 k €433,4 k €415 k €330,2 k €312,3 k €
EBITDA8,9 k €40,2 k €3,7 k €3,3 k €-1,8 k €11,2 k €6,7 k €-4,6 k €4,8 k €
Operating result6,4 k €37,7 k €1,1 k €1,2 k €-2 k €5,3 k €818 €-11 k €-1,7 k €
Net result6,3 k €37,6 k €1 k €1,1 k €-2,1 k €5,2 k €2,5 k €-9,5 k €-93 €
Balance sheet
Equity71,6 k €67,2 k €31,6 k €32,6 k €23,6 k €25,7 k €23 k €23 k €34,9 k €
Total assets262,1 k €257,2 k €233,5 k €152,4 k €171,4 k €164,2 k €216,2 k €268,3 k €165,5 k €
Cash151,7 k €122,8 k €121,8 k €63,4 k €96,8 k €70,1 k €119 k €171,6 k €85,1 k €
Debts101 k €108,9 k €149,2 k €84,2 k €90,2 k €114,5 k €119,8 k €120,8 k €104,4 k €
Other
Workforce––––––6,7 ETP5,8 ETP5,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 3 ended

Active mandates

Anne-Marie CAMUS

Director

Active
Catherine EVRARD

Director

Active
Catherine FLASSE

Director

Active
Charlotte GUIOT

Director

Active
Christophe NIEULANDT

Director

Active
Marie DE BARQUIN

Chairman of the board of directors

Active
Thierry COLARD

Director

Active

Ended mandates

Carine GREGOIRE

Director

Ended
Guy VANCRAEYNEST

Chairman of the board of directors

Ended
Marie DE BARQUIN

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date17/06/202601/07/202527/06/202431/07/202307/07/202219/07/2021
General meeting16/06/202624/06/202519/06/202420/06/202322/06/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202516/06/202617/06/2026FrenchPDF
Micro model31/12/202424/06/202501/07/2025FrenchPDF
Micro model31/12/202319/06/202427/06/2024FrenchPDF
Micro model31/12/202220/06/202331/07/2023FrenchPDF
Micro model31/12/202122/06/202207/07/2022FrenchPDF
Micro model31/12/202016/06/202119/07/2021FrenchPDF
Abridged model31/12/201930/06/202006/07/2020FrenchPDF
Abridged model31/12/201810/06/201926/06/2019FrenchPDF
Abridged model31/12/201706/06/201828/08/2018FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 3 ended

Active mandates

Anne-Marie CAMUS

Director

Active
Catherine EVRARD

Director

Active
Catherine FLASSE

Director

Active
Charlotte GUIOT

Director

Active
Christophe NIEULANDT

Director

Active
Marie DE BARQUIN

Chairman of the board of directors

Active
Thierry COLARD

Director

Active

Ended mandates

Carine GREGOIRE

Director

Ended
Guy VANCRAEYNEST

Chairman of the board of directors

Ended
Marie DE BARQUIN

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/08/2024
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/10/2023
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates11/08/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/01/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares07/01/2005
    ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2025
    Annual accounts 20256,3 k €↓
  2. 2024
    Annual accounts 202437,6 k €↑
  3. 2023
    Annual accounts 20231 k €↓
  4. 2022
    Annual accounts 20221,1 k €↑
  5. 2021
    Annual accounts 2021-2,1 k €↓
  6. 2020
    Annual accounts 20205,2 k €↑
  7. 2019
    Annual accounts 20192,5 k €↑
  8. 2018
    Annual accounts 2018-9,5 k €↓
  9. 2017
    Annual accounts 2017-93 €
  10. 17/02/1988
    IncorporationNon-profit organization