ACTIVE

MANDRAGORA

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Financial year 2025 · closed on 31/12/2025

Net result

134,6 k €

+38.3% YoY

Revenue

1,3 M €

+2.6% YoY

Equity

1,7 M €

+7.7% YoY

Workforce

19,0 ETP

-3.1% YoY

What does MANDRAGORA do?

MANDRAGORA is a Non-profit organization incorporated in 1994. Its main activity is: General secondary education. Its registered office is in Ixelles. It employs on average 19,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.931.404

Incorporation

05/07/1994

Legal form

Non-profit organization

Registered office

Rue Souveraine 73
1050 Ixelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

19,0 ETP

Activities (NACE)

85316General secondary education· main 87205Residential care activities for mental retardation, mental health and substance abuse 87205Residential care activities for mental retardation, mental health and substance abuse

Joint committees (1)

Signals

ProfitableSolid equityLow 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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	1,3 M €	+2.6%	1,2 M €	+4.4%	1,2 M €	+7.9%	1,1 M €	+21.4%	909,6 k €	+10.5%	823,3 k €	+12.3%	733,3 k €	+1.7%	721,4 k €	+1.2%	713,1 k €	+1.9%	699,5 k €	+1.5%	689,2 k €	+5.5%	653,3 k €	+10.5%	591,3 k €	+3.9%	569 k €	+4.4%	545,1 k €	+2.6%	531,1 k €	+0.8%	526,9 k €	+2.7%	513 k €
EBITDA	254,1 k €	+25.1%	203,1 k €	-1.0%	205,2 k €	-14.2%	239,1 k €	+15.2%	207,5 k €	+34.0%	154,8 k €	+37.7%	112,4 k €	+19.4%	94,2 k €	+9.3%	86,2 k €	-2.9%	88,7 k €	+17.3%	75,6 k €	-13.3%	87,3 k €	+50.4%	58 k €	-25.4%	77,8 k €	+21.6%	64 k €	-22.5%	82,6 k €	+40.0%	59 k €	-14.1%	68,7 k €
Operating result	142,4 k €	+37.8%	103,4 k €	-12.5%	118,1 k €	-34.4%	180 k €	+17.0%	153,9 k €	+50.3%	102,4 k €	+73.8%	58,9 k €	+58.9%	37,1 k €	-30.3%	53,2 k €	+16.5%	45,7 k €	+45.4%	31,4 k €	-27.0%	43 k €	+88.9%	22,8 k €	-47.1%	43,1 k €	+52.2%	28,3 k €	-34.3%	43,1 k €	+60.3%	26,9 k €	-34.4%	41 k €
Net result	134,6 k €	+38.3%	97,3 k €	-15.4%	115 k €	-12.9%	132,1 k €	-0.5%	132,8 k €	+70.2%	78,1 k €	+35.6%	57,5 k €	+177%	20,7 k €	-50.2%	41,6 k €	-0.8%	42 k €	+53.9%	27,3 k €	-24.7%	36,2 k €	+361%	7,9 k €	-79.2%	37,7 k €	+339%	8,6 k €	-52.0%	17,9 k €	-31.3%	26 k €	-28.2%	36,2 k €
Balance sheet
Equity	1,7 M €	+7.7%	1,6 M €	+5.6%	1,5 M €	+48.4%	1 M €	+14.9%	887,9 k €	+17.6%	755,1 k €	+11.5%	677,1 k €	+9.3%	619,5 k €	+3.5%	598,8 k €	+7.5%	557,1 k €	+6.9%	521,1 k €	+4.3%	499,7 k €	+10.6%	451,6 k €	+1.8%	443,8 k €	+9.3%	406,1 k €	+2.2%	397,5 k €	+4.5%	380,2 k €	+6.5%	357 k €
Total assets	2,9 M €	+2.0%	2,8 M €	+0.2%	2,8 M €	+31.4%	2,1 M €	+5.6%	2 M €	+8.1%	1,9 M €	+5.2%	1,8 M €	+2.3%	1,7 M €	+42.4%	1,2 M €	+2.8%	1,2 M €	-2.6%	1,2 M €	+2.0%	1,2 M €	+2.9%	1,2 M €	-0.1%	1,2 M €	+1.3%	1,1 M €	-1.7%	1,2 M €	+2.4%	1,1 M €	+45.1%	783,7 k €
Cash	586,2 k €	+1.6%	576,8 k €	+16.5%	495 k €	-13.7%	573,5 k €	-2.1%	585,9 k €	+20.2%	487,4 k €	+124%	217,2 k €	-25.9%	292,9 k €	-15.1%	344,8 k €	+19.5%	288,6 k €	+4.0%	277,6 k €	+27.7%	217,4 k €	+26.2%	172,4 k €	+50.0%	114,9 k €	+2.2%	112,4 k €	-3.9%	117 k €	+45.7%	80,3 k €	-44.8%	145,5 k €
Debts	1,1 M €	-5.5%	1,2 M €	-6.1%	1,3 M €	+15.7%	1,1 M €	-1.8%	1,1 M €	+1.9%	1,1 M €	+1.2%	1,1 M €	-1.5%	1,1 M €	+80.2%	616,1 k €	-1.1%	622,6 k €	-9.8%	690,1 k €	+0.5%	686,7 k €	-2.5%	704,1 k €	-1.3%	713,3 k €	-3.1%	735,8 k €	-3.9%	765,5 k €	+1.3%	756 k €	+77.5%	425,9 k €
Other
Workforce	19,0 ETP	-3.1%	19,6 ETP	+8.3%	18,1 ETP	+4.0%	17,4 ETP	+1.8%	17,1 ETP	+2.4%	16,7 ETP	+3.1%	16,2 ETP	+2.5%	15,8 ETP	+3.9%	15,2 ETP	+1.3%	15,0 ETP	-5.1%	15,8 ETP	+5.3%	15,0 ETP	+2.0%	14,7 ETP	+2.1%	14,4 ETP	+4.3%	13,8 ETP	+6.2%	13,0 ETP	0.0%	13,0 ETP	+8.3%	12,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 30 ended

Active mandates

Godé Dr. IMBAMBA

Director · since 17 juin 2025 · until 23 juin 2026

Active

Erik Dhr. THYS

Director · since 01 janvier 2025 · until 31 décembre 2029

Active

Frans Dhr. MAES

Director · since 01 janvier 2025 · until 31 décembre 2029

Active

Geertje Mevr. STEEGEN

Director · since 01 janvier 2025 · until 31 décembre 2029

Active

Jan Dhr. VAN RAES

Director · since 01 janvier 2025 · until 31 décembre 2032

Active

Joseph Prof. dr. PEUSKENS

Chairman of the board of directors · since 01 janvier 2025 · until 31 décembre 2032

Active

Laurence Mevr. LEROY

Director · since 01 janvier 2025 · until 31 décembre 2029

Active

Luc Dhr. MARTENS

Vice-chairman of the board of directors · since 01 janvier 2025 · until 31 décembre 2032

Active

Marieke Mevr. WYCKAERT

Director · since 01 janvier 2025 · until 31 décembre 2032

Active

Veronique Mevr. VERCRUYSSEN

Director · since 01 janvier 2025 · until 31 décembre 2032

Active

Ended mandates

Geertje Mevr. STEEGEN

Director · since 07 décembre 2021 · until 31 décembre 2029

Ended

Geertje Mevr. STEEGEN

Director · since 07 décembre 2021

Ended

Erik Dhr. THYS

Director · since 06 juin 2018 · until 31 décembre 2029

Ended

Erik Dhr. THYS

Director · since 06 juin 2018

Ended

At this address

Other companies at this address

Company	CBE no.
Festina Lente● Active	0451.693.366
KUNSTATELIER OPPERSTRAAT● Active	0838.341.997

Annual accounts

Full financial information

	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	25/06/2026	04/07/2025	01/07/2024	29/06/2023	04/07/2022	08/07/2021
General meeting	23/06/2026	17/06/2025	25/06/2024	27/06/2023	28/06/2022	29/06/2021
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
Abridged model	31/12/2025	23/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	04/07/2022	Dutch	PDF
Abridged model	31/12/2020	29/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	18/06/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	28/05/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	22/06/2017	Dutch	PDF
Abridged model	31/12/2015	24/05/2016	26/05/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	24/04/2014	19/05/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	06/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 30 ended

Active mandates

Godé Dr. IMBAMBA

Director · since 17 juin 2025 · until 23 juin 2026

Active

Erik Dhr. THYS

Director · since 01 janvier 2025 · until 31 décembre 2029

Active

Frans Dhr. MAES

Director · since 01 janvier 2025 · until 31 décembre 2029

Active

Geertje Mevr. STEEGEN

Director · since 01 janvier 2025 · until 31 décembre 2029

Active

Jan Dhr. VAN RAES

Director · since 01 janvier 2025 · until 31 décembre 2032

Active

Joseph Prof. dr. PEUSKENS

Chairman of the board of directors · since 01 janvier 2025 · until 31 décembre 2032

Active

Laurence Mevr. LEROY

Director · since 01 janvier 2025 · until 31 décembre 2029

Active

Luc Dhr. MARTENS

Vice-chairman of the board of directors · since 01 janvier 2025 · until 31 décembre 2032

Active

Marieke Mevr. WYCKAERT

Director · since 01 janvier 2025 · until 31 décembre 2032

Active

Veronique Mevr. VERCRUYSSEN

Director · since 01 janvier 2025 · until 31 décembre 2032

Active

Ended mandates

Geertje Mevr. STEEGEN

Director · since 07 décembre 2021 · until 31 décembre 2029

Ended

Geertje Mevr. STEEGEN

Director · since 07 décembre 2021

Ended

Erik Dhr. THYS

Director · since 06 juin 2018 · until 31 décembre 2029

Ended

Erik Dhr. THYS

Director · since 06 juin 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other01/10/2025
DIVERSEN
PDF
Mandates27/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other19/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/07/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2018
ONTSLAGEN - BENOEMINGEN
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 2025134,6 k €↑
2024
Annual accounts 202497,3 k €↓
2023
Annual accounts 2023115 k €↓
2022
Annual accounts 2022132,1 k €↓
2021
Annual accounts 2021132,8 k €↑
2020
Annual accounts 202078,1 k €↑
2019
Annual accounts 201957,5 k €↑
2018
Annual accounts 201820,7 k €↓
2017
Annual accounts 201741,6 k €↓
2016
Annual accounts 201642 k €↑
2015
Annual accounts 201527,3 k €↓
2014
Annual accounts 201436,2 k €↑
2013
Annual accounts 20137,9 k €↓
2012
Annual accounts 201237,7 k €↑
2011
Annual accounts 20118,6 k €↓
2010
Annual accounts 201017,9 k €↓
2009
Annual accounts 200926 k €↓
2008
Annual accounts 200836,2 k €
05/07/1994
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

MANDRAGORA

Overview

What does MANDRAGORA do?

Trend over 18 financial years

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