ACTIVE

A.P.A.C.

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Financial year 2025 · Closed on 31/12/2025

Net result43,5 k €-66,9 %over 1 year

Gross margin3,1 M €-4,3 %over 1 year

Equity2,3 M €+0,6 %over 1 year

Workforce89,0 ETP-4,3 %over 1 year

Identity

Source · BCE/KBO

A.P.A.C. is a Non-profit organization incorporated in 1995. Its main activity is: Technical and vocational secondary education. Its registered office is in Manage. It employs on average 89,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0456.685.007
Incorporation: 25/04/1995
Legal form: Non-profit organization
Registered office: rue du Chenia 13 box A
7170 Manage · WallonieSee on map
Latest accounts: 31/12/2025
Average workforce: 89,0 ETP

Activities (NACE)

85322Technical and vocational secondary education· main 88993Other social work activities without accommodation n.e.c.88995Other social work activities without accommodation n.e.c.

Contacts

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Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3,1 M €	-4.3%	3,3 M €	+2.6%	3,2 M €	-6.1%	3,4 M €	+22.2%	2,8 M €
EBITDA	172 k €	-35.7%	267,3 k €	-33.6%	402,5 k €	-23.3%	524,8 k €	+34.0%	391,7 k €
Operating result	40,7 k €	-65.3%	117,2 k €	-48.2%	226 k €	-36.9%	358 k €	+62.7%	220,1 k €
Net result	43,5 k €	-66.9%	131,2 k €	-43.7%	233,2 k €	-34.4%	355,5 k €	+61.5%	220,2 k €
Balance sheet
Equity	2,3 M €	+0.6%	2,2 M €	+4.6%	2,1 M €	+10.2%	1,9 M €	+19.7%	1,6 M €
Total assets	5,1 M €	+3.3%	4,9 M €	+4.9%	4,7 M €	+4.1%	4,5 M €	+0.9%	4,5 M €
Cash	1,6 M €	+14.5%	1,4 M €	+33.2%	1,1 M €	+25.4%	857,3 k €	+35.9%	631 k €
Debts	2,6 M €	+7.9%	2,4 M €	+7.8%	2,2 M €	+23.1%	1,8 M €	-20.9%	2,3 M €
Other
Workforce	89,0 ETP	-4.3%	93,0 ETP	+2.3%	90,9 ETP	-1.5%	92,3 ETP	-6.2%	98,4 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

8 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benoît LHOST	Director29/04/2022 → 27/04/2028
Guy Niset	Chairman of the board of directors26/04/2019 → 27/04/2028Director26/04/2013 → 2017 accountsended
Jean-Luc Theate	Director26/04/2013 → 27/04/2028
Leila Fourati	Director25/04/2025 → 27/04/2028
Olivier Bleret	Director26/04/2019 → 27/04/2028
Philippe Cornet	Director26/04/2013 → 27/04/2028
Philippe Delcroix	Director16/07/2020 → 27/04/2028
Raymond Angeli	Director26/04/2019 → 27/04/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christian Dupont	Director16/07/2020 → 2023 accounts
Eric Bernard	Director26/04/2019 → 2021 accounts

Other companies at this address

rue du Chenia 13 7170 Manage

Company	CBE no.
Geveko Markings Belgium● Active	0833.079.253

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	10/07/2026	19/06/2025	22/05/2024	17/05/2023	07/06/2022	01/06/2021
General meeting	16/04/2026	25/04/2025	26/04/2024	28/04/2023	29/04/2022	23/04/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/04/2026	10/07/2026	French	PDF
Abridged model	31/12/2024	25/04/2025	19/06/2025	French	PDF
Abridged model	31/12/2023	26/04/2024	22/05/2024	French	PDF
Abridged model	31/12/2022	28/04/2023	17/05/2023	French	PDF
Abridged model	31/12/2021	29/04/2022	07/06/2022	French	PDF
Abridged model	31/12/2020	23/04/2021	01/06/2021	French	PDF
Abridged model	31/12/2019	16/07/2020	11/08/2020	French	PDF
Abridged model	31/12/2018	26/04/2019	23/05/2019	French	PDF
Abridged model	31/12/2017	27/04/2018	25/06/2018	French	PDF
Abridged model	31/12/2016	28/04/2017	29/05/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	08/07/2016	French	PDF
m140-f-p	31/12/2014	24/04/2015	28/05/2015	French	PDF
m140-f-p	31/12/2013	25/04/2014	28/05/2014	French	PDF
m140-f-p	31/12/2012	26/04/2013	08/07/2013	French	PDF
m140-f-p	31/12/2011	27/04/2012	21/06/2012	French	PDF
m140-f-p	31/12/2010	29/04/2011	01/06/2011	French	PDF
m140-f-p	31/12/2009	28/04/2010	17/06/2010	French	PDF
m140-f-p	31/12/2008	24/04/2009	12/06/2009	French	PDF
m140-f-p	31/12/2007	25/04/2008	28/05/2008	French	PDF
m140-f-p	31/12/2006	28/04/2007	30/05/2007	French	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

8 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benoît LHOST	Director29/04/2022 → 27/04/2028
Guy Niset	Chairman of the board of directors26/04/2019 → 27/04/2028Director26/04/2013 → 2017 accountsended
Jean-Luc Theate	Director26/04/2013 → 27/04/2028
Leila Fourati	Director25/04/2025 → 27/04/2028
Olivier Bleret	Director26/04/2019 → 27/04/2028
Philippe Cornet	Director26/04/2013 → 27/04/2028
Philippe Delcroix	Director16/07/2020 → 27/04/2028
Raymond Angeli	Director26/04/2019 → 27/04/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christian Dupont	Director16/07/2020 → 2023 accounts
Eric Bernard	Director26/04/2019 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates06/09/2024
DEMISSIONS, NOMINATIONS
PDF
Other10/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates17/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2016
DENOMINATION - DEMISSIONS, NOMINATIONS
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

Filings11 filings

Mandates

Benoît LHOST

Leila Fourati

Raymond Angeli

Jean-Luc Theate

Guy Niset

Philippe Cornet

Olivier Bleret

Philippe Delcroix

Christian Dupont

Eric Bernard

Michel Verheyen

Robert Meur

Show the 2 other mandates

1995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

A.P.A.C.

rue du Chenia 13 bte A, 7170 Manage

Director

Chairman of the board of directorsDirector

Director

Vice-chairman of the board of directors

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
rue du Chenia 13 bte A, 7170 ManageCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00279441

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
A.P.A.C.Current	accounts 2015 → 2025	Accounts 2025 · 2026-00279441

Events

2025
Annual accounts 202543,5 k €↓
2024
Annual accounts 2024131,2 k €↓
2023
Annual accounts 2023233,2 k €↓
2022
Annual accounts 2022355,5 k €↑
2021
Annual accounts 2021220,2 k €↑
2020
Annual accounts 2020210,3 k €↑
2019
Annual accounts 201911,4 k €↑
2018
Annual accounts 20188,5 k €↑
2017
Annual accounts 20176,4 k €↑
2016
Annual accounts 20163,4 k €↑
2015
Annual accounts 20153,4 k €
25/04/1995
IncorporationNon-profit organization

A.P.A.C.

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