ACTIVE

CONFLUENCE

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Financial year 2025 · closed on 31/12/2025
Net result
1,4 k €
-90.9% YoY
Gross margin
1,3 M €
-1.3% YoY
Equity
568,6 k €
+21.1% YoY
Workforce
11,6 ETP
-7.2% YoY

What does CONFLUENCE do?

CONFLUENCE is a Non-profit organization incorporated in 1996. Its main activity is: Technical and vocational secondary education. Its registered office is in Ciney. It employs on average 11,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0458.637.180
Incorporation
11/07/1996
Legal form
Non-profit organization
Registered office
Rue du Commerce 23
5590 Ciney · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
11,6 ETP
Activities (NACE)
85323Technical and vocational secondary education· main88104Social work activities without accommodation for the elderly and disabled88104Social work activities without accommodation for the elderly and disabled
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 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin1,3 M €1,4 M €1,3 M €1,3 M €329,2 k €324,3 k €304,3 k €325,5 k €326,5 k €318,7 k €308,9 k €285,1 k €263,8 k €239,9 k €
EBITDA36,2 k €39,4 k €24,7 k €162,1 k €-1,4 k €-4,9 k €-8,3 k €21,2 k €16,4 k €-1,2 k €15,2 k €6,4 k €6,5 k €-3,9 k €
Operating result8,1 k €16,3 k €14,7 k €155,5 k €-4,8 k €-8,2 k €-11,2 k €20,9 k €14,9 k €-3,4 k €12 k €3,5 k €3,9 k €-5,9 k €
Net result1,4 k €15,6 k €15,4 k €153,5 k €-7 k €-8,7 k €-11 k €26 k €11,4 k €-73,4 €454,2 €-21 k €-24,7 k €-5,9 k €
Balance sheet
Equity568,6 k €469,6 k €452 k €436,6 k €17,3 k €26,4 k €37,1 k €44,1 k €18,1 k €6,7 k €6,7 k €6,3 k €27,5 k €52,6 k €
Total assets1,4 M €1,2 M €824,2 k €848,8 k €179,1 k €120,1 k €110,3 k €105 k €79,8 k €72,3 k €81,1 k €98,9 k €98,1 k €100,8 k €
Cash501,5 k €660,4 k €739 k €742,4 k €133,9 k €75,3 k €75,6 k €76,4 k €40,9 k €29,7 k €44 k €65,1 k €37,4 k €30,2 k €
Debts804,5 k €688,8 k €201,6 k €241,5 k €43,8 k €45,3 k €48,4 k €60,9 k €61,7 k €64 k €71,2 k €88,8 k €66,6 k €44,2 k €
Other
Workforce11,6 ETP12,5 ETP12,1 ETP11,6 ETP5,6 ETP5,1 ETP5,7 ETP5,1 ETP5,8 ETP5,8 ETP6,8 ETP6,8 ETP6,7 ETP5,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 39 ended

Active mandates

Jean-Benoit RUTH

Director

Active
Luc GAUTHY

Director

Active
Luc VAN ENST

Director

Active
Michel GENGOUX

Director

Active
Monique COLLARD

Chairman of the board of directors

Active
Mutien-Marie GILMARD

Director

Active

Ended mandates

Michel GENGOUX

Director · since 12 juin 2020 · until 12 juin 2024

Ended
BERNARD VAN DYCK

Director · since 10 novembre 2016 · until 10 novembre 2020

Ended
BERNARD VAN DYCK

Director · since 10 novembre 2016 · until 20 mai 2021

Ended
BERNARD VAN DYCK

Director · since 10 novembre 2016 · until 12 juin 2024

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202630/07/202512/06/202403/07/202326/09/202228/07/2021
General meeting29/05/202630/05/202524/05/202423/05/202324/05/202220/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202630/06/2026FrenchPDF
Abridged model31/12/202430/05/202530/07/2025FrenchPDF
Abridged model31/12/202324/05/202412/06/2024FrenchPDF
Abridged model31/12/202223/05/202303/07/2023FrenchPDF
Abridged model31/12/202124/05/202226/09/2022FrenchPDF
Abridged model31/12/202020/05/202128/07/2021FrenchPDF
Abridged model31/12/201912/06/202009/10/2020FrenchPDF
Abridged model31/12/201803/05/201920/05/2019FrenchPDF
Abridged model31/12/201704/05/201819/06/2018FrenchPDF
Abridged model31/12/201627/05/201721/06/2017FrenchPDF
Abridged model31/12/201513/05/201606/07/2016FrenchPDF
Abridged model31/12/201408/05/201506/07/2016FrenchPDF
Abridged model31/12/201319/05/201406/07/2016FrenchPDF
Abridged model31/12/201214/06/201310/09/2013FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 6 active · 39 ended

Active mandates

Jean-Benoit RUTH

Director

Active
Luc GAUTHY

Director

Active
Luc VAN ENST

Director

Active
Michel GENGOUX

Director

Active
Monique COLLARD

Chairman of the board of directors

Active
Mutien-Marie GILMARD

Director

Active

Ended mandates

Michel GENGOUX

Director · since 12 juin 2020 · until 12 juin 2024

Ended
BERNARD VAN DYCK

Director · since 10 novembre 2016 · until 10 novembre 2020

Ended
BERNARD VAN DYCK

Director · since 10 novembre 2016 · until 20 mai 2021

Ended
BERNARD VAN DYCK

Director · since 10 novembre 2016 · until 12 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office12/05/2026
    SIEGE SOCIAL
    PDF
  • Mandates03/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring21/01/2022
    DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring23/11/2021
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates15/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/08/2020
    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

Timeline

  1. 2025
    Annual accounts 20251,4 k €↓
  2. 2024
    Annual accounts 202415,6 k €↑
  3. 2023
    Annual accounts 202315,4 k €↓
  4. 2022
    Annual accounts 2022153,5 k €↑
  5. 2021
    Annual accounts 2021-7 k €↑
  6. 2020
    Annual accounts 2020-8,7 k €↑
  7. 2019
    Annual accounts 2019-11 k €↓
  8. 2018
    Annual accounts 201826 k €↑
  9. 2017
    Annual accounts 201711,4 k €↑
  10. 2016
    Annual accounts 2016-73,4 €↓
  11. 2015
    Annual accounts 2015454,2 €↑
  12. 2014
    Annual accounts 2014-21 k €↑
  13. 2013
    Annual accounts 2013-24,7 k €↓
  14. 2012
    Annual accounts 2012-5,9 k €
  15. 11/07/1996
    IncorporationNon-profit organization