ACTIVE

Forum ETHIBEL

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Financial year 2025 · Closed on 31/12/2025

Net result-365,6 k €-296,6 %over 1 year

Gross margin234,3 k €-71,4 %over 1 year

Equity1 M €-26,5 %over 1 year

Workforce6,8 ETP-8,1 %over 1 year

Identity

Source · BCE/KBO

Forum ETHIBEL is a Non-profit organization incorporated in 1991. Its main activity is: Market research and public opinion polling. Its registered office is in Schaerbeek. It employs on average 6,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0445.738.556
Incorporation: 25/10/1991
Legal form: Non-profit organization
Registered office: Rue du Progrès 333 box 7
1030 Schaerbeek · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 6,8 ETP

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities 91330Libraries, archives, museums and other cultural activities 94999Activities of other membership organisations n.e.c.94999Activities of other membership organisations n.e.c.

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 10 filings

Trend over 10 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	234,3 k €	-71.4%	817,8 k €	+105%	399,3 k €	-40.0%	665,3 k €	+6.5%	624,7 k €
EBITDA	-365,2 k €	-297%	185,6 k €	+183%	-224,2 k €	-258%	142 k €	-41.4%	242,5 k €
Operating result	-370 k €	-306%	179,3 k €	+177%	-233,3 k €	-276%	132,9 k €	-43.6%	235,6 k €
Net result	-365,6 k €	-297%	185,9 k €	+181%	-230,9 k €	-274%	133,1 k €	-43.5%	235,6 k €
Balance sheet
Equity	1 M €	-26.5%	1,4 M €	+15.6%	1,2 M €	-16.2%	1,4 M €	+10.3%	1,3 M €
Total assets	1,1 M €	-28.5%	1,6 M €	+19.6%	1,3 M €	-15.6%	1,6 M €	+9.4%	1,4 M €
Cash	1 M €	-23.0%	1,3 M €	+5.5%	1,2 M €	-16.0%	1,5 M €	+12.9%	1,3 M €
Debts	84 k €	-35.7%	130,6 k €	+28.1%	101,9 k €	-9.6%	112,8 k €	-2.0%	115 k €
Other
Workforce	6,8 ETP	-8.1%	7,4 ETP	-6.3%	7,9 ETP	+3.9%	7,6 ETP	+38.2%	5,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Catherine Louies	Director31/07/2025 → 31/07/2029
Jordi Lesaffer	Director31/07/2025 → 31/07/2029
Ophélie Mortier	Director31/07/2025 → 31/07/2029
Trijnte Huisman	Director31/07/2025 → 31/07/2029
Eddy Van Hemelrijck	Director02/05/2024 → 02/05/2028
Bart Corijn	Chairman of the board of directors16/04/2018 → 23/04/2028Director16/04/2018 → 2021 accountsended
Dirk Van Braeckel	Director05/02/2014 → 02/05/2028
Eddy Laurijssen	Chairman of the board of directors05/02/2014 → 02/05/2028Director05/02/2014 → 2016 accountsended
Matilde Defraeije	Director05/02/2014 → 23/04/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alex Houtart	Director11/06/2020 → 2023 accounts
Anne Sophie Pijcke	Director16/04/2018 → 2021 accounts

Other companies at this address

Rue du Progrès 333 1030 Schaerbeek

Company	CBE no.
AGENCE IMMOBILIERE SOCIALE ETUDIANTE● Active	0643.729.612
ASSOCIATION FOR RESPONSIBLE INVESTMENT SERVICES● Liquidation	0866.685.694
Belgisch Netwerk Armoedebestrijding - Réseau belge de Lutte contre la Pauvreté● Active	0446.928.983
CONFERENCE DES RELIGIEUSES / RELIGIEUX EN BELGIQUE● Active	0835.776.942
Fédération Bruxelloise Unie pour le Logement● Active	0442.502.320
GetBasic● Active	0457.355.493
Hefboomfonds voor de Solidaire Economie● Active	0457.746.364
Kwabre Ne Sekyere Kro Ye Kuo● Active	0467.272.160
Sankaa● Active	0451.440.968
The Lighthouse Alliance● Active	1043.066.437
Vereniging van WijkGezondheidsCentra● Active	0445.776.366
V.M.E. VOORUITGANGSTRAAT 333● Active	0851.420.666

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	15/05/2026	04/06/2025	24/05/2024	19/05/2023	27/06/2022	30/06/2021
General meeting	23/04/2026	06/05/2025	02/05/2024	20/04/2023	21/04/2022	01/04/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 10 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/04/2026	15/05/2026	Dutch	PDF
Abridged model	31/12/2024	06/05/2025	04/06/2025	Dutch	PDF
Abridged model	31/12/2023	02/05/2024	24/05/2024	Dutch	PDF
Abridged model	31/12/2022	20/04/2023	19/05/2023	Dutch	PDF
Abridged model	31/12/2021	21/04/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/04/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	11/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	02/04/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/04/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/04/2017	30/06/2017	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

9 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Catherine Louies	Director31/07/2025 → 31/07/2029
Jordi Lesaffer	Director31/07/2025 → 31/07/2029
Ophélie Mortier	Director31/07/2025 → 31/07/2029
Trijnte Huisman	Director31/07/2025 → 31/07/2029
Eddy Van Hemelrijck	Director02/05/2024 → 02/05/2028
Bart Corijn	Chairman of the board of directors16/04/2018 → 23/04/2028Director16/04/2018 → 2021 accountsended
Dirk Van Braeckel	Director05/02/2014 → 02/05/2028
Eddy Laurijssen	Chairman of the board of directors05/02/2014 → 02/05/2028Director05/02/2014 → 2016 accountsended
Matilde Defraeije	Director05/02/2014 → 23/04/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alex Houtart	Director11/06/2020 → 2023 accounts
Anne Sophie Pijcke	Director16/04/2018 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/08/2026
Benoeming en ontslag bestuurders
PDF
Mandates17/08/2026
Nominations et démissions des Administrateurs
PDF
Mandates05/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates03/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2024
ONTSLAGEN - BENOEMINGEN
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

Filings10 filings

Mandates

Catherine Louies

Ophélie Mortier

Jordi Lesaffer

Trijnte Huisman

Eddy Van Hemelrijck

Bart Corijn

Matilde Defraeije

Dirk Van Braeckel

Eddy Laurijssen

Alex Houtart

Anne Sophie Pijcke

Guy Mattan

Show the 7 other mandates

1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

Forum ETHIBEL

Rue du Progrès 333 bte 7, 1030 Schaerbeek

Director

Chairman of the board of directorsDirector

Director

Chairman of the board of directorsDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Progrès 333 bte 7, 1030 SchaerbeekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00111664

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Forum ETHIBELCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00111664

Events

2025
Annual accounts 2025-365,6 k €↓
2024
Annual accounts 2024185,9 k €↑
2023
Annual accounts 2023-230,9 k €↓
2022
Annual accounts 2022133,1 k €↓
2021
Annual accounts 2021235,6 k €↓
2020
Annual accounts 2020365,9 k €↑
2019
Annual accounts 2019323,3 k €↑
2018
Annual accounts 2018-132,8 k €↓
2017
Annual accounts 2017-124,3 k €↓
2016
Annual accounts 201635,7 k €
25/10/1991
IncorporationNon-profit organization

Forum ETHIBEL

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events