ACTIVE

Les Erables

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Financial year 2025 · closed on 31/12/2025

Net result

50,9 k €

-89.4% YoY

Revenue

4,6 M €

-8.8% YoY

Equity

12 M €

-0.1% YoY

Workforce

180,1 ETP

-8.3% YoY

What does Les Erables do?

Les Erables is a Non-profit organization incorporated in 1991. Its registered office is in Tournai. It employs on average 180,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.138.245

Incorporation

24/06/1991

Legal form

Non-profit organization

Registered office

Rue du Bois des Hospices(BL) 5
7522 Tournai · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

180,1 ETP

Joint committees (1)

32703

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008
Income statement
Revenue	4,6 M €	-8.8%	5,1 M €	+3.1%	4,9 M €	-3.1%	5,1 M €	-5.1%	5,4 M €	+30.5%	4,1 M €	-16.8%	4,9 M €	+4.9%	4,7 M €	+25.3%	3,7 M €	+20.8%	3,1 M €	-12.0%	3,5 M €	+22.8%	2,9 M €	+4.6%	2,7 M €	-13.2%	3,2 M €	+10.3%	2,9 M €	-6.1%	3,1 M €	+9.5%	2,8 M €
EBITDA	279,3 k €	-54.0%	606,7 k €	+748%	71,6 k €	-89.7%	691,9 k €	-41.8%	1,2 M €	+19.9%	991 k €	+9.1%	908,5 k €	-15.9%	1,1 M €	+70.4%	634 k €	+149%	254,5 k €	+710%	-41,7 k €	-198%	42,8 k €	-67.8%	133,1 k €	-65.2%	382,8 k €	+54.1%	248,4 k €	-48.4%	481,4 k €	+8.1%	445,5 k €
Operating result	10,5 k €	-96.6%	310,1 k €	+230%	-239,1 k €	-164%	375,2 k €	-55.7%	847,6 k €	+30.8%	648,2 k €	+8.0%	600 k €	-27.6%	828,7 k €	+105%	404,7 k €	+2050%	18,8 k €	+107%	-279,9 k €	-42.6%	-196,3 k €	-103%	-96,8 k €	-163%	153,6 k €	+136%	65 k €	-78.0%	295,3 k €	-9.8%	327,3 k €
Net result	50,9 k €	-89.4%	480,6 k €	+3700%	12,6 k €	-94.2%	216,6 k €	-77.8%	973,8 k €	+33.4%	729,8 k €	-6.1%	777,5 k €	-5.8%	825,6 k €	+65.5%	498,9 k €	+391%	101,7 k €	+150%	-203,5 k €	-293%	-51,7 k €	-203%	50,3 k €	-89.0%	457,4 k €	-74.1%	1,8 M €	+380%	367,7 k €	-12.7%	421,5 k €
Balance sheet
Equity	12 M €	-0.1%	12 M €	+3.6%	11,6 M €	-0.5%	11,7 M €	+1.3%	11,5 M €	+8.5%	10,6 M €	+6.7%	10 M €	+7.7%	9,3 M €	+8.9%	8,5 M €	+5.5%	8,1 M €	+0.4%	8 M €	-3.4%	8,3 M €	-1.1%	8,4 M €	+0.2%	8,4 M €	+5.8%	7,9 M €	+36.9%	5,8 M €	+51.6%	3,8 M €
Total assets	15,8 M €	+1.7%	15,5 M €	+13.8%	13,7 M €	+2.5%	13,3 M €	+2.2%	13 M €	+9.2%	11,9 M €	+5.8%	11,3 M €	+10.9%	10,2 M €	+9.3%	9,3 M €	+0.6%	9,3 M €	-0.2%	9,3 M €	-0.5%	9,3 M €	-1.1%	9,4 M €	-1.1%	9,5 M €	+5.1%	9,1 M €	+25.9%	7,2 M €	+58.6%	4,5 M €
Cash	2,6 M €	-25.7%	3,5 M €	-1.7%	3,6 M €	+4.4%	3,4 M €	+13.3%	3 M €	-19.3%	3,7 M €	+16.7%	3,2 M €	+60.2%	2 M €	+56.1%	1,3 M €	-58.0%	3,1 M €	+105%	1,5 M €	-25.3%	2 M €	+38.3%	1,4 M €	+41.3%	1 M €	+22.3%	833,7 k €	-60.3%	2,1 M €	+53.9%	1,4 M €
Debts	3,8 M €	+8.0%	3,5 M €	+72.4%	2 M €	+22.9%	1,6 M €	+9.2%	1,5 M €	+15.6%	1,3 M €	-0.5%	1,3 M €	+47.6%	889,1 k €	+9.8%	809,7 k €	-31.8%	1,2 M €	-4.3%	1,2 M €	+23.9%	1 M €	-1.4%	1 M €	-11.0%	1,1 M €	+0.8%	1,1 M €	-18.8%	1,4 M €	+108%	670,2 k €
Other
Workforce	180,1 ETP	-8.3%	196,5 ETP	-4.3%	205,3 ETP	+8.3%	189,5 ETP	+2.8%	184,4 ETP	+5.1%	175,5 ETP	-6.0%	186,7 ETP	-2.3%	191,1 ETP	+9.8%	174,1 ETP	+7.9%	161,4 ETP	-10.2%	179,7 ETP	+10.7%	162,3 ETP	+1.2%	160,4 ETP	+0.2%	160,1 ETP	-0.9%	161,5 ETP	+3.9%	155,4 ETP	+2.8%	151,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 33 ended

Active mandates

Annick WAGNON

Mandate

Active

Béatrice ALIE

Mandate

Active

Bernard DECLETY

Mandate

Active

Damien BRIDOUX

Mandate

Active

Emmanuel GUEVART

Mandate

Active

Jean BICHE

Mandate

Active

Michel HUON

Mandate

Active

Pierre COSSEMENT

Mandate

Active

Sophie LECLERCQ

Mandate

Active

Ended mandates

Annick WAGNON

Director · since 26 novembre 2021

Ended

Sophie LECLERCQ

Director · since 26 novembre 2021

Ended

Bernard DECLETY

Chairman of the board of directors · since 19 novembre 2019

Ended

Jean BICHE

Director · since 19 novembre 2019

Ended

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	09/07/2026	17/07/2025	05/07/2024	06/07/2023	29/06/2022	09/07/2021
General meeting	15/06/2026	18/06/2025	10/06/2024	16/06/2023	18/06/2022	19/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	15/06/2026	09/07/2026	French	PDF
Full model	31/12/2025	15/06/2026	29/06/2026	French	PDF
Full model	31/12/2024	18/06/2025	17/07/2025	French	PDF
Full model	31/12/2023	10/06/2024	05/07/2024	French	PDF
Full model	31/12/2022	16/06/2023	06/07/2023	French	PDF
Full model	31/12/2021	18/06/2022	29/06/2022	French	PDF
Full model	31/12/2020	19/06/2021	09/07/2021	French	PDF
Full model	31/12/2019	11/07/2020	28/08/2020	French	PDF
Full model	31/12/2018	22/06/2019	27/06/2019	French	PDF
Full model	31/12/2017	09/06/2018	22/06/2018	French	PDF
Full model	31/12/2016	10/06/2017	27/06/2017	French	PDF
Full model	31/12/2015	04/06/2016	22/06/2016	French	PDF
Full model	31/12/2014	06/06/2015	23/06/2015	French	PDF
Full model	31/12/2013	17/05/2014	03/07/2014	French	PDF
Full model	31/12/2012	01/06/2013	11/06/2013	French	PDF
Full model	31/12/2011	26/05/2012	07/06/2012	French	PDF
Full model	31/12/2010	21/05/2011	09/06/2011	French	PDF
Full model	31/12/2009	29/05/2010	18/06/2010	French	PDF
Full modelCorrection	31/12/2008	04/05/2009	22/12/2009	French	PDF
Full model	31/12/2008	16/05/2009	15/06/2009	French	PDF
Full model	31/12/2007	16/05/2008	12/06/2008	French	PDF
m140-f-p	31/12/2006	11/05/2007	20/06/2007	French	PDF

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.

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 · 9 active · 33 ended

Active mandates

Annick WAGNON

Mandate

Active

Béatrice ALIE

Mandate

Active

Bernard DECLETY

Mandate

Active

Damien BRIDOUX

Mandate

Active

Emmanuel GUEVART

Mandate

Active

Jean BICHE

Mandate

Active

Michel HUON

Mandate

Active

Pierre COSSEMENT

Mandate

Active

Sophie LECLERCQ

Mandate

Active

Ended mandates

Annick WAGNON

Director · since 26 novembre 2021

Ended

Sophie LECLERCQ

Director · since 26 novembre 2021

Ended

Bernard DECLETY

Chairman of the board of directors · since 19 novembre 2019

Ended

Jean BICHE

Director · since 19 novembre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other18/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates18/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates05/12/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates07/01/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2007
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 202550,9 k €↓
2024
Annual accounts 2024480,6 k €↑
2023
Annual accounts 202312,6 k €↓
2022
Annual accounts 2022216,6 k €↓
2021
Annual accounts 2021973,8 k €↑
2020
Annual accounts 2020729,8 k €↓
2019
Annual accounts 2019777,5 k €↓
2018
Annual accounts 2018825,6 k €↑
2017
Annual accounts 2017498,9 k €↑
2016
Annual accounts 2016101,7 k €↑
2015
Annual accounts 2015-203,5 k €↓
2014
Annual accounts 2014-51,7 k €↓
2013
Annual accounts 201350,3 k €↓
2012
Annual accounts 2012457,4 k €↓
2011
Annual accounts 20111,8 M €↑
2010
Annual accounts 2010367,7 k €↓
2008
Annual accounts 2008421,5 k €
24/06/1991
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

Les Erables

Overview

What does Les Erables do?

Trend over 17 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