ACTIVE

Orpheus Instituut

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Financial year 2025 · Closed on 31/12/2025

Net result-153,7 k €-220,5 %over 1 year

Gross margin1,2 M €-10,2 %over 1 year

Equity2,4 M €-5,9 %over 1 year

Workforce12,5 ETP+14,7 %over 1 year

Identity

Source · BCE/KBO

Orpheus Instituut is a Non-profit organization incorporated in 1996. Its main activity is: Security and investigation activities. Its registered office is in Gent. It employs on average 12,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0458.720.126
Incorporation: 10/07/1996
Legal form: Non-profit organization
Registered office: Korte Meer 12
9000 Gent · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 12,5 ETP

Activities (NACE)

80422Security and investigation activities· main 85520Cultural education 85520Cultural education

Joint committees (1)

32901

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 16 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,2 M €	-10.2%	1,3 M €	+5.1%	1,3 M €	+10.4%	1,1 M €	-1.5%	1,2 M €
EBITDA	-46,6 k €	-122%	209,6 k €	+29.3%	162,1 k €	+1.4%	159,9 k €	-1.3%	162 k €
Operating result	-172,8 k €	-296%	88,3 k €	+127%	38,8 k €	+24.2%	31,3 k €	-5.3%	33 k €
Net result	-153,7 k €	-221%	127,6 k €	-1.5%	129,5 k €	+1133%	10,5 k €	-63.2%	28,6 k €
Balance sheet
Equity	2,4 M €	-5.9%	2,6 M €	+5.2%	2,5 M €	+5.5%	2,3 M €	+0.5%	2,3 M €
Total assets	5,4 M €	+67.5%	3,2 M €	+0.9%	3,2 M €	+8.3%	2,9 M €	+4.7%	2,8 M €
Cash	318,9 k €	+34.6%	237 k €	-63.0%	640,7 k €	+23.7%	517,9 k €	+137%	218,9 k €
Debts	181,7 k €	-5.7%	192,6 k €	+23.6%	155,8 k €	-37.8%	250,5 k €	+44.7%	173,2 k €
Other
Workforce	12,5 ETP	+14.7%	10,9 ETP	-1.8%	11,1 ETP	+5.7%	10,5 ETP	-13.2%	12,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 55 ended

Active mandates

Filip Rathé

Director · since 14 mai 2024 · until 31 mai 2028

Active

Griet Nuytinck

Director · since 14 mai 2024 · until 31 mai 2028

Active

Jan D'Haene

Director · since 14 mai 2024 · until 31 mai 2031

Active

Jeroen Vanacker

Director · since 14 mai 2024 · until 31 mai 2028

Active

Johan Huys

Chairman of the board of directors · since 14 mai 2024 · until 31 mai 2028

Active

Pascale De Groote

Director · since 14 mai 2024 · until 31 mai 2028

Active

Peter Dejans

Director · since 14 mai 2024 · until 31 mai 2028

Active

Piet Menu

Director · since 14 mai 2024 · until 31 mai 2028

Active

Thomas De Baets

Director · since 14 mai 2024 · until 31 mai 2031

Active

Ended mandates

Jan D'Haene

Director · since 14 mai 2024 · until 31 mai 2028

Ended

Thomas De Baets

Director · since 14 mai 2024 · until 31 mai 2028

Ended

Jan D'Haene

Director · since 11 octobre 2022 · until 05 octobre 2024

Ended

Filip Rathé

Director · since 11 octobre 2021 · until 05 octobre 2024

Ended

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	10/06/2026	02/06/2025	22/05/2024	24/08/2023	31/05/2022	01/06/2021
General meeting	19/05/2026	20/05/2025	14/05/2024	15/05/2023	23/05/2022	10/05/2021
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, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/05/2026	10/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/05/2025	02/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/05/2024	22/05/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	24/08/2023	Dutch	PDF
Abridged model	31/12/2021	23/05/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2020	10/05/2021	01/06/2021	Dutch	PDF
Abridged model	31/12/2019	11/05/2020	28/05/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	06/06/2019	Dutch	PDF
Abridged model	31/12/2017	24/05/2018	28/05/2018	Dutch	PDF
Abridged model	31/12/2016	22/05/2017	05/07/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	23/05/2016	Dutch	PDF
Abridged model	31/12/2014	07/05/2015	11/05/2015	Dutch	PDF
Abridged model	31/12/2013	07/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	18/05/2011	14/06/2011	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 55 ended

Active mandates

Filip Rathé

Director · since 14 mai 2024 · until 31 mai 2028

Active

Griet Nuytinck

Director · since 14 mai 2024 · until 31 mai 2028

Active

Jan D'Haene

Director · since 14 mai 2024 · until 31 mai 2031

Active

Jeroen Vanacker

Director · since 14 mai 2024 · until 31 mai 2028

Active

Johan Huys

Chairman of the board of directors · since 14 mai 2024 · until 31 mai 2028

Active

Pascale De Groote

Director · since 14 mai 2024 · until 31 mai 2028

Active

Peter Dejans

Director · since 14 mai 2024 · until 31 mai 2028

Active

Piet Menu

Director · since 14 mai 2024 · until 31 mai 2028

Active

Thomas De Baets

Director · since 14 mai 2024 · until 31 mai 2031

Active

Ended mandates

Jan D'Haene

Director · since 14 mai 2024 · until 31 mai 2028

Ended

Thomas De Baets

Director · since 14 mai 2024 · until 31 mai 2028

Ended

Jan D'Haene

Director · since 11 octobre 2022 · until 05 octobre 2024

Ended

Filip Rathé

Director · since 11 octobre 2021 · until 05 octobre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/07/2025
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/12/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2007
ONTSLAGEN - BENOEMINGEN
PDF
Other01/10/2004
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025-153,7 k €↓
2024
Annual accounts 2024127,6 k €↓
2023
Annual accounts 2023129,5 k €↑
2022
Annual accounts 202210,5 k €↓
2021
Annual accounts 202128,6 k €↑
2020
Annual accounts 20209,7 k €↓
2019
Annual accounts 201960,8 k €↓
2018
Annual accounts 201894,6 k €↑
2017
Annual accounts 2017-23,3 k €↑
2016
Annual accounts 2016-37,8 k €↓
2015
Annual accounts 2015-37,2 k €↓
2014
Annual accounts 201434,1 k €↓
2013
Annual accounts 2013107 k €↓
2012
Annual accounts 2012137,9 k €
10/07/1996
IncorporationNon-profit organization

Orpheus Instituut

Overview

Identity

Financials

Valuation

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

Timeline