ACTIVE

Clapotine

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Financial year 2025 · closed on 31/12/2025

Net result

46,4 k €

+161.1% YoY

Gross margin

545,1 k €

+4.7% YoY

Equity

227,8 k €

+25.6% YoY

What does Clapotine do?

Clapotine is a Non-profit organization incorporated in 1989. Its main activity is: Technical and vocational secondary education. Its registered office is in Bouillon.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.221.416

Incorporation

04/12/1989

Legal form

Non-profit organization

Registered office

Rue du Collège 22
6830 Bouillon · WallonieSee on map

Latest accounts

31/12/2025

Activities (NACE)

85321Technical and vocational secondary education· main 88911Child day-care activities 88911Child day-care activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	545,1 k €	+4.7%	520,6 k €	+1.1%	515 k €	+14.8%	448,6 k €	+23.2%	364,2 k €	+2.1%	356,8 k €	-7.2%	384,6 k €	+6.9%	359,9 k €	+1.6%	354,3 k €	+4.5%	339 k €	+0.2%	338,4 k €	+0.7%	336 k €	+4.8%	320,6 k €	+1.3%	316,6 k €	+6.8%	296,4 k €	-0.2%	296,9 k €	+3.2%	287,7 k €	+6.5%	270 k €
EBITDA	46,2 k €	+150%	18,5 k €	+185%	6,5 k €	-48.0%	12,5 k €	+52.5%	8,2 k €	+540%	1,3 k €	-94.1%	21,5 k €	+291%	5,5 k €	-39.9%	9,1 k €	-1.0%	9,2 k €	-33.9%	14 k €	+46.5%	9,5 k €	+1177%	-885 €	+82.5%	-5 k €	-26.6%	-4 k €	-165%	6,2 k €	+129%	2,7 k €	-25.1%	3,6 k €
Operating result	44,9 k €	+157%	17,5 k €	+248%	5 k €	-54.1%	11 k €	+80.6%	6,1 k €	+668%	-1,1 k €	-106%	19,2 k €	+461%	3,4 k €	-51.1%	7 k €	-8.1%	7,6 k €	-40.2%	12,7 k €	+53.5%	8,3 k €	+431%	-2,5 k €	+63.7%	-6,9 k €	-10.0%	-6,3 k €	-293%	3,2 k €	+466%	-887 €	-213%	786 €
Net result	46,4 k €	+161%	17,8 k €	+258%	5 k €	-54.5%	10,9 k €	+81.2%	6 k €	+646%	-1,1 k €	-106%	19,3 k €	+467%	3,4 k €	-51.7%	7,1 k €	-9.2%	7,8 k €	-40.2%	13 k €	+48.6%	8,7 k €	+619%	-1,7 k €	+70.8%	-5,8 k €	-11.5%	-5,2 k €	-206%	4,9 k €	+394%	988 €	-58.5%	2,4 k €
Balance sheet
Equity	227,8 k €	+25.6%	181,4 k €	+10.9%	163,6 k €	+3.1%	158,7 k €	+7.4%	147,7 k €	+4.3%	141,7 k €	-0.8%	142,8 k €	+15.6%	123,5 k €	+2.8%	120,1 k €	+6.2%	113 k €	+7.4%	105,3 k €	+14.1%	92,3 k €	+10.5%	83,5 k €	-2.0%	85,2 k €	-6.3%	91 k €	-5.4%	96,2 k €	+5.3%	91,3 k €	+1.1%	90,3 k €
Total assets	342,8 k €	+23.2%	278,2 k €	+4.2%	266,9 k €	+12.1%	238,2 k €	+17.9%	202 k €	+5.8%	190,8 k €	-2.6%	195,9 k €	+9.3%	179,3 k €	+0.1%	179,1 k €	+8.4%	165,1 k €	+4.1%	158,6 k €	+11.5%	142,2 k €	+9.2%	130,3 k €	-6.9%	140 k €	+10.1%	127,2 k €	-9.5%	140,5 k €	+6.3%	132,1 k €	+6.3%	124,3 k €
Cash	333,6 k €	+24.5%	268 k €	+9.8%	244,1 k €	+16.3%	209,8 k €	+27.3%	164,8 k €	+5.6%	156 k €	+13.9%	136,9 k €	+9.6%	124,9 k €	-3.5%	129,4 k €	+2.0%	126,9 k €	+10.3%	115 k €	+12.5%	102,2 k €	+8.5%	94,2 k €	-2.0%	96,2 k €	+13.6%	84,7 k €	-16.5%	101,4 k €	+13.2%	89,5 k €	-2.2%	91,5 k €
Debts	71,1 k €	+6.4%	66,8 k €	-8.8%	73,3 k €	-7.8%	79,5 k €	+46.5%	54,3 k €	+10.5%	49,1 k €	-7.5%	53,1 k €	-4.8%	55,8 k €	-5.5%	59 k €	+13.3%	52,1 k €	-2.3%	53,3 k €	+6.7%	49,9 k €	+6.8%	46,7 k €	-14.7%	54,8 k €	+51.4%	36,2 k €	-18.4%	44,3 k €	+8.4%	40,9 k €	+20.1%	34 k €
Other
Workforce	–		–		–		–		–		–		8,3 ETP	0.0%	8,3 ETP	0.0%	8,3 ETP	0.0%	8,3 ETP	0.0%	8,3 ETP	0.0%	8,3 ETP	+1.2%	8,2 ETP	0.0%	8,2 ETP	0.0%	8,2 ETP	0.0%	8,2 ETP	0.0%	8,2 ETP	0.0%	8,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 15 ended

Active mandates

Anne Hugnon

Mandate

Active

Benoit Tabart

Mandate

Active

Bernadette Noel

Mandate

Active

Constance De Lange

Mandate

Active

Elodie Istasse

Mandate

Active

Isabelle Grolet

Mandate

Active

Jacqueline Bertaux

Mandate

Active

Marianne LEFEBVRE

Mandate

Active

Muguette Poncelet

Mandate

Active

Nadine Grandjean

Mandate

Active

Ended mandates

Elodie ISTASSE

Director · since 13 juin 2019

Ended

Isabelle GROLET

Director · since 13 juin 2019

Ended

Anne HUGNON

Director

Ended

Anne HUGON

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	30/06/2026	16/09/2025	15/08/2024	17/07/2023	14/06/2022	07/07/2021
General meeting	09/06/2026	24/06/2025	04/06/2024	20/06/2023	09/06/2022	10/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	09/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	24/06/2025	16/09/2025	French	PDF
Micro model	31/12/2023	04/06/2024	15/08/2024	French	PDF
Micro model	31/12/2022	20/06/2023	17/07/2023	French	PDF
Micro model	31/12/2021	09/06/2022	14/06/2022	French	PDF
Micro model	31/12/2020	10/06/2021	07/07/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	20/08/2020	French	PDF
Abridged model	31/12/2018	13/06/2019	04/07/2019	French	PDF
Abridged model	31/12/2017	14/06/2018	28/06/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	23/06/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	18/09/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	12/11/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	20/07/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	28/10/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	02/02/2011	French	PDF
Abridged model	31/12/2008	16/06/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	20/06/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	28/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 15 ended

Active mandates

Anne Hugnon

Mandate

Active

Benoit Tabart

Mandate

Active

Bernadette Noel

Mandate

Active

Constance De Lange

Mandate

Active

Elodie Istasse

Mandate

Active

Isabelle Grolet

Mandate

Active

Jacqueline Bertaux

Mandate

Active

Marianne LEFEBVRE

Mandate

Active

Muguette Poncelet

Mandate

Active

Nadine Grandjean

Mandate

Active

Ended mandates

Elodie ISTASSE

Director · since 13 juin 2019

Ended

Isabelle GROLET

Director · since 13 juin 2019

Ended

Anne HUGNON

Director

Ended

Anne HUGON

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other14/08/2026
Modification du conseil d'administration
PDF
Mandates09/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2007
DEMISSIONS, NOMINATIONS
PDF
Other27/06/2005
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/07/2004
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 202546,4 k €↑
2024
Annual accounts 202417,8 k €↑
2023
Annual accounts 20235 k €↓
2022
Annual accounts 202210,9 k €↑
2021
Annual accounts 20216 k €↑
2020
Annual accounts 2020-1,1 k €↓
2019
Annual accounts 201919,3 k €↑
2018
Annual accounts 20183,4 k €↓
2017
Annual accounts 20177,1 k €↓
2016
Annual accounts 20167,8 k €↓
2015
Annual accounts 201513 k €↑
2014
Annual accounts 20148,7 k €↑
2013
Annual accounts 2013-1,7 k €↑
2012
Annual accounts 2012-5,8 k €↓
2011
Annual accounts 2011-5,2 k €↓
2010
Annual accounts 20104,9 k €↑
2009
Annual accounts 2009988 €↓
2008
Annual accounts 20082,4 k €
04/12/1989
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Clapotine

Overview

What does Clapotine do?

Trend over 18 financial years

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