ACTIVE

CITECO

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Financial year 2025 · closed on 31/12/2025

Net result

-9,6 k €

-323.4% YoY

Gross margin

1,5 M €

Equity

673,8 k €

-5.7% YoY

Workforce

38,7 ETP

-2.5% YoY

What does CITECO do?

CITECO is a Non-profit organization incorporated in 1997. Its main activity is: Technical and vocational secondary education. Its registered office is in Schaerbeek. It employs on average 38,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.976.761

Incorporation

22/05/1997

Legal form

Non-profit organization

Registered office

Rue Albert de Latour 75
1030 Schaerbeek · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

38,7 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.

Joint committees (1)

32702

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	1,5 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	79 k €	-7.7%	85,6 k €	-37.8%	137,6 k €	-8.2%	149,9 k €	+26.2%	118,8 k €	+71.8%	69,2 k €	-46.2%	128,5 k €	+36.7%	94 k €	+299%	23,6 k €	-36.0%	36,9 k €	+915%	-4,5 k €
Operating result	-8,8 k €	-425%	-1,7 k €	-103%	57,3 k €	-33.1%	85,7 k €	+34.0%	64 k €	+152%	25,3 k €	-69.4%	82,8 k €	+43.7%	57,6 k €	+1116%	-5,7 k €	-170%	8,1 k €	+122%	-36 k €
Net result	-9,6 k €	-323%	-2,3 k €	-104%	55,8 k €	-32.6%	82,8 k €	+34.3%	61,6 k €	+156%	24,1 k €	-70.1%	80,7 k €	+37.2%	58,8 k €	+1051%	-6,2 k €	-174%	8,4 k €	+124%	-35 k €
Balance sheet
Equity	673,8 k €	-5.7%	714,2 k €	-4.3%	746,3 k €	+22.6%	608,7 k €	+22.4%	497,1 k €	+46.6%	339,2 k €	+7.6%	315,1 k €	+34.4%	234,4 k €	+33.5%	175,6 k €	-0.1%	175,8 k €	+3.4%	170 k €
Total assets	1 M €	+3.0%	1 M €	-13.8%	1,2 M €	+0.1%	1,2 M €	+27.2%	913,9 k €	+24.7%	733,1 k €	+15.7%	633,6 k €	+11.8%	567 k €	+16.5%	486,8 k €	+5.6%	461 k €	+1.3%	455,3 k €
Cash	58 k €	-61.8%	151,8 k €	+184%	53,4 k €	-21.0%	67,6 k €	-37.4%	108,1 k €	-38.2%	174,9 k €	+1357%	12 k €	-54.4%	26,3 k €	+3.7%	25,4 k €	+382%	5,3 k €	+106%	2,6 k €
Debts	289 k €	+24.1%	232,8 k €	-35.6%	361,3 k €	-20.6%	455,2 k €	+26.6%	359,5 k €	+8.0%	333 k €	+11.1%	299,8 k €	-9.5%	331,4 k €	+8.9%	304,4 k €	+9.3%	278,5 k €	-0.0%	278,6 k €
Other
Workforce	38,7 ETP	-2.5%	39,7 ETP	+1.5%	39,1 ETP	+3.4%	37,8 ETP	-1.3%	38,3 ETP	+2.1%	37,5 ETP	+2.5%	36,6 ETP	+1.9%	35,9 ETP	+3.5%	34,7 ETP	+6.4%	32,6 ETP	+8.3%	30,1 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 · 5 active · 19 ended

Active mandates

Mélanie Mahaux

Director · since 06 février 2026 · until 06 février 2029

Active

Anne Van Thienen

Director · since 10 octobre 2024 · until 10 octobre 2027

Active

Alain HERDIES

Director · since 01 juin 2024 · until 01 juin 2027

Active

Didier Thiebaut

Director · since 01 juin 2024 · until 01 juin 2027

Active

Jean-Marie Doumont

Director · since 01 juin 2024 · until 01 juin 2027

Active

Ended mandates

Anne VAN THIENEN

administrateur · since 10 octobre 2024 · until 10 octobre 2027

Ended

Thibaut DIDIER

administrateur · since 01 juin 2024 · until 01 juin 2027

Ended

Alain HERDIES

Director · since 01 juin 2021 · until 01 juin 2024

Ended

Bernadette OTTO

Director · since 01 juin 2021 · until 01 juin 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full 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	16/09/2026	13/06/2025	14/06/2024	12/06/2023	01/07/2022	10/06/2021
General meeting	19/06/2026	27/05/2025	05/06/2024	07/06/2023	24/06/2022	01/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	16/09/2026	French	PDF
Full model	31/12/2024	27/05/2025	13/06/2025	French	PDF
Full model	31/12/2023	05/06/2024	14/06/2024	French	PDF
Full model	31/12/2022	07/06/2023	12/06/2023	French	PDF
Full model	31/12/2021	24/06/2022	01/07/2022	French	PDF
Full model	31/12/2020	01/06/2021	10/06/2021	French	PDF
Full model	31/12/2019	04/06/2020	02/07/2020	French	PDF
Full model	31/12/2018	05/06/2019	06/06/2019	French	PDF
Full model	31/12/2017	27/06/2018	24/07/2018	French	PDF
Full model	31/12/2016	06/06/2017	15/06/2017	French	PDF
Full model	31/12/2015	07/06/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	17/06/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	04/07/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	11/07/2011	French	PDF
Abridged model	31/12/2009	22/06/2010	16/07/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	23/07/2009	French	PDF
Abridged modelCorrection	31/12/2007	23/06/2008	07/10/2008	French	PDF
Abridged model	31/12/2007	23/06/2008	10/07/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	26/07/2007	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 · 5 active · 19 ended

Active mandates

Mélanie Mahaux

Director · since 06 février 2026 · until 06 février 2029

Active

Anne Van Thienen

Director · since 10 octobre 2024 · until 10 octobre 2027

Active

Alain HERDIES

Director · since 01 juin 2024 · until 01 juin 2027

Active

Didier Thiebaut

Director · since 01 juin 2024 · until 01 juin 2027

Active

Jean-Marie Doumont

Director · since 01 juin 2024 · until 01 juin 2027

Active

Ended mandates

Anne VAN THIENEN

administrateur · since 10 octobre 2024 · until 10 octobre 2027

Ended

Thibaut DIDIER

administrateur · since 01 juin 2024 · until 01 juin 2027

Ended

Alain HERDIES

Director · since 01 juin 2021 · until 01 juin 2024

Ended

Bernadette OTTO

Director · since 01 juin 2021 · until 01 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates13/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates27/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates20/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates17/03/2015
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-9,6 k €↓
2024
Annual accounts 2024-2,3 k €↓
2023
Annual accounts 202355,8 k €↓
2022
Annual accounts 202282,8 k €↑
2021
Annual accounts 202161,6 k €↑
2020
Annual accounts 202024,1 k €↓
2019
Annual accounts 201980,7 k €↑
2018
Annual accounts 201858,8 k €↑
2017
Annual accounts 2017-6,2 k €↓
2016
Annual accounts 20168,4 k €↑
2015
Annual accounts 2015-35 k €
22/05/1997
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

CITECO

Overview

What does CITECO do?

Trend over 11 financial years

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