ACTIVE

DRIVE MUT

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Financial year 2025 · closed on 31/12/2025

Net result

-26,1 k €

-227.4% YoY

Revenue

226,8 k €

Equity

873,6 k €

-2.9% YoY

Workforce

6,7 ETP

+15.5% YoY

What does DRIVE MUT do?

DRIVE MUT is a Non-profit organization incorporated in 1996. Its main activity is: Driving school activities. Its registered office is in Bruxelles. It employs on average 6,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.866.706

Incorporation

17/12/1996

Legal form

Non-profit organization

Registered office

Rue Saint-Jean 32-38
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

6,7 ETP

Activities (NACE)

85531Driving school activities· main 85531Driving school activities 93053Sports activities and amusement and recreation activities 96099Other personal service activities n.e.c.96999Other personal service activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	226,8 k €		–		182,3 k €	+31.1%	139 k €	-0.1%	139,2 k €	+13.8%	122,4 k €	-31.4%	178,2 k €	+11.5%	159,8 k €	-10.5%	178,6 k €	+6.6%	167,6 k €	+23.9%	135,3 k €	-6.8%	145,2 k €	-7.4%	156,8 k €	-13.0%	180,2 k €	+5.0%	171,7 k €	+5.6%	162,6 k €	-0.3%	163,1 k €
EBITDA	-30,5 k €	-1296%	2,5 k €	-89.7%	24,6 k €	-81.5%	133,3 k €	+40.6%	94,8 k €	-45.8%	175,1 k €	+76.5%	99,2 k €	+195%	33,6 k €	+238%	-24,4 k €	-62.6%	-15 k €	+70.6%	-51 k €	-68.9%	-30,2 k €	-230%	23,3 k €	-76.5%	98,9 k €	+73.8%	56,9 k €	+33.6%	42,6 k €	+46.5%	29,1 k €
Operating result	-30,5 k €	-1296%	2,5 k €	-89.6%	24,5 k €	-81.5%	132,2 k €	+41.1%	93,7 k €	-46.1%	173,8 k €	+75.9%	98,9 k €	+199%	33,1 k €	+235%	-24,5 k €	-60.9%	-15,2 k €	+70.3%	-51,3 k €	-68.3%	-30,4 k €	-234%	22,7 k €	-76.9%	98,4 k €	+78.9%	55 k €	+36.0%	40,4 k €	+50.4%	26,9 k €
Net result	-26,1 k €	-227%	20,5 k €	-31.9%	30,1 k €	-77.0%	131,2 k €	+41.4%	92,8 k €	-46.6%	173,8 k €	+76.0%	98,8 k €	+199%	33 k €	+234%	-24,5 k €	-60.6%	-15,3 k €	+70.2%	-51,2 k €	-80.0%	-28,5 k €	-218%	24 k €	-75.8%	99,2 k €	+77.9%	55,8 k €	+29.4%	43,1 k €	+53.7%	28 k €
Balance sheet
Equity	873,6 k €	-2.9%	899,7 k €	+2.3%	879,2 k €	+3.5%	849,1 k €	+18.3%	717,9 k €	+14.8%	625,2 k €	+38.5%	451,3 k €	+28.0%	352,6 k €	+10.3%	319,6 k €	-7.1%	344,1 k €	-4.3%	359,4 k €	-12.5%	410,6 k €	-6.5%	439,1 k €	+5.8%	415,1 k €	+31.4%	315,8 k €	+21.4%	260,1 k €	+19.9%	217 k €
Total assets	1,1 M €	+0.8%	1,1 M €	+1.8%	1 M €	+4.5%	997,2 k €	+18.3%	842,6 k €	+18.9%	708,7 k €	+27.9%	554 k €	+19.7%	462,9 k €	+7.6%	430,3 k €	-4.0%	448,5 k €	-0.6%	451,1 k €	-12.2%	513,5 k €	-9.0%	564,2 k €	+13.7%	496,3 k €	+20.7%	411,1 k €	+21.1%	339,3 k €	-2.7%	348,7 k €
Cash	993,3 k €	+1.2%	981,9 k €	+28.1%	766,3 k €	-8.8%	839,8 k €	+24.1%	676,7 k €	+24.1%	545,5 k €	+296%	137,8 k €	+26.8%	108,7 k €	-13.6%	125,7 k €	-6.7%	134,7 k €	-9.6%	149,1 k €	-27.6%	205,8 k €	-59.1%	503 k €	+140%	209,3 k €	+129%	91,2 k €	-39.9%	151,8 k €	-48.7%	296,2 k €
Debts	183,2 k €	+23.9%	147,8 k €	-8.6%	161,7 k €	+9.4%	147,9 k €	+19.2%	124,1 k €	+48.5%	83,5 k €	-18.7%	102,7 k €	-6.9%	110,3 k €	-0.3%	110,7 k €	+6.1%	104,4 k €	+16.9%	89,3 k €	+0.2%	89,2 k €	-8.3%	97,3 k €	+36.1%	71,5 k €	-3.2%	73,8 k €	+5.0%	70,3 k €	-33.2%	105,3 k €
Other
Workforce	6,7 ETP	+15.5%	5,8 ETP	-3.3%	6,0 ETP	-10.4%	6,7 ETP	-1.5%	6,8 ETP	0.0%	6,8 ETP	-2.9%	7,0 ETP	0.0%	7,0 ETP	+2.9%	6,8 ETP	0.0%	6,8 ETP	+15.3%	5,9 ETP	-11.9%	6,7 ETP	+1.5%	6,6 ETP	+1.5%	6,5 ETP	+1.6%	6,4 ETP	-5.9%	6,8 ETP	-8.1%	7,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 46 ended

Active mandates

Alain Thirion

Trésorier

Active

Emmanuel Deroubaix

Director

Active

Frédéric HENNAUT

Director

Active

Gaétane D'Horaene

Chairman of the board of directors

Active

Ghislain Weets

Secrétaire

Active

Jessica HERBOTS

Director

Active

Pierre Annet

Director

Active

Pierre Cools

Director

Active

Sébastien CHOQUET

Director

Active

Thierry CHAMBERLAND

Director

Active

Ended mandates

Frédéric Hennaut

Director · since 27 juin 2023

Ended

Carmen Castellano

Director · since 27 octobre 2015 · until 21 décembre 2018

Ended

Carmen Castellano

Director · since 27 octobre 2015

Ended

Ghislain Weets

Mandate · since 27 octobre 2015

Ended

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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	26/06/2025	02/07/2024	04/07/2023	25/07/2022	08/07/2021
General meeting	23/06/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	17/06/2021
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	French	PDF
Abridged model	31/12/2024	24/06/2025	26/06/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	02/07/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	04/07/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	25/07/2022	French	PDF
Abridged model	31/12/2020	17/06/2021	08/07/2021	French	PDF
Abridged model	31/12/2019	23/06/2020	02/07/2020	French	PDF
Abridged model	31/12/2018	25/06/2019	02/07/2019	French	PDF
Abridged model	31/12/2017	19/06/2018	03/07/2018	French	PDF
Abridged model	31/12/2016	27/06/2017	11/07/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	23/06/2015	06/07/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	03/07/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	08/07/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	27/06/2012	French	PDF
Abridged model	31/12/2010	23/06/2011	13/07/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	08/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	28/07/2009	French	PDF
Abridged model	31/12/2007	24/06/2008	01/07/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	16/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 46 ended

Active mandates

Alain Thirion

Trésorier

Active

Emmanuel Deroubaix

Director

Active

Frédéric HENNAUT

Director

Active

Gaétane D'Horaene

Chairman of the board of directors

Active

Ghislain Weets

Secrétaire

Active

Jessica HERBOTS

Director

Active

Pierre Annet

Director

Active

Pierre Cools

Director

Active

Sébastien CHOQUET

Director

Active

Thierry CHAMBERLAND

Director

Active

Ended mandates

Frédéric Hennaut

Director · since 27 juin 2023

Ended

Carmen Castellano

Director · since 27 octobre 2015 · until 21 décembre 2018

Ended

Carmen Castellano

Director · since 27 octobre 2015

Ended

Ghislain Weets

Mandate · since 27 octobre 2015

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/05/2025
DEMISSIONS, NOMINATIONS
PDF
Other04/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates11/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates12/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates05/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates03/09/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates10/01/2018
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

2025
Annual accounts 2025-26,1 k €↓
2024
Annual accounts 202420,5 k €↓
2023
Annual accounts 202330,1 k €↓
2022
Annual accounts 2022131,2 k €↑
2021
Annual accounts 202192,8 k €↓
2020
Annual accounts 2020173,8 k €↑
2019
Annual accounts 201998,8 k €↑
2018
Annual accounts 201833 k €↑
2017
Annual accounts 2017-24,5 k €↓
2016
Annual accounts 2016-15,3 k €↑
2015
Annual accounts 2015-51,2 k €↓
2014
Annual accounts 2014-28,5 k €↓
2013
Annual accounts 201324 k €↓
2012
Annual accounts 201299,2 k €↑
2011
Annual accounts 201155,8 k €↑
2010
Annual accounts 201043,1 k €↑
2009
Annual accounts 200928 k €
17/12/1996
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

DRIVE MUT

Overview

What does DRIVE MUT do?

Trend over 17 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