ACTIVE

INSTITUT FLAMAND DE LA MER

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Financial year 2025 · Closed on 31/12/2025

Net result446,9 k €+18,0 %over 1 year

Revenue1,9 M €-90,3 %over 1 year

Equity18,2 M €+9,6 %over 1 year

Workforce168,0 ETP+1,1 %over 1 year

Identity

Source · BCE/KBO

INSTITUT FLAMAND DE LA MER is a Non-profit organization incorporated in 1999. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Oostende. It employs on average 168,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0466.279.196
Incorporation: 02/04/1999
Legal form: Non-profit organization
Registered office: Jacobsenstraat 1
8400 Oostende · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 168,0 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 94994Activities of other membership organisations n.e.c.94994Activities of other membership organisations n.e.c.63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,9 M €	-90.3%	19,2 M €	-24.8%	25,5 M €	+66.0%	15,4 M €	+8.6%	14,1 M €
EBITDA	458,1 k €	+183%	-552,6 k €	+61.2%	-1,4 M €	-230%	1,1 M €	-12.4%	1,3 M €
Operating result	-1,9 M €	+30.7%	-2,7 M €	+17.2%	-3,2 M €	-1647%	-185,1 k €	+41.1%	-314,4 k €
Net result	446,9 k €	+18.0%	378,7 k €	+121%	-1,8 M €	-266%	1,1 M €	+47.4%	746,7 k €
Balance sheet
Equity	18,2 M €	+9.6%	16,6 M €	+0.9%	16,4 M €	+18.9%	13,8 M €	+24.4%	11,1 M €
Total assets	27 M €	+17.7%	23 M €	+0.7%	22,8 M €	+28.9%	17,7 M €	+29.2%	13,7 M €
Cash	136 k €	-10.4%	151,8 k €	+41.7%	107,1 k €	-74.8%	424,6 k €	+126%	188,2 k €
Debts	8,9 M €	+39.0%	6,4 M €	+0.3%	6,4 M €	+64.6%	3,9 M €	+49.8%	2,6 M €
Other
Workforce	168,0 ETP	+1.1%	166,2 ETP	+3.2%	161,0 ETP	+21.0%	133,1 ETP	+4.9%	126,9 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

13 active · 107 ended

Active mandates

Shirley Pauwels

Director · since 14 juillet 2025

Active

Johan Vande Lanotte

Director · since 18 juin 2025

Active

Judith Ooms

Director · since 18 juin 2025

Active

Steve Vandenberghe

Director · since 18 juin 2025

Active

Wilfried Vandeale

Director · since 18 juin 2025

Active

Ann Van Gysel

Director · since 26 mars 2024 · until 26 mars 2027

Active

Colin Janssen

Vice-chairman of the board of directors · since 26 mars 2024 · until 26 mars 2027

Active

Inge Ceuppens

Director · since 26 mars 2024 · until 26 mars 2027

Active

Jean Berlamont

Director · since 26 mars 2024 · until 26 mars 2027

Active

Daphné Dumery

Director · since 25 mars 2020

Active

Wouter Vanlouwe

Director · since 25 mars 2020

Active

Carl Decaluwé

Chairman of the board of directors · since 12 mars 2012

Active

Jan Mees

Andere functie

Active

Ended mandates

Ann Van Gysel

Director · since 26 mars 2024

Ended

Colin Janssen

Director · since 26 mars 2024 · until 26 mars 2027

Ended

Inge Ceuppens

Director · since 26 mars 2024

Ended

Hilde Decleer

Director · since 14 juin 2023 · until 14 juin 2026

Ended

Other companies at this address

Jacobsenstraat 1 8400 Oostende

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ONDERSTEUNINGSFONDS VOOR VISSERIJ IN TRANSITIE● Active	0682.840.705

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full 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	17/04/2026	18/04/2025	26/04/2024	07/07/2023	22/04/2022	30/04/2021
General meeting	18/03/2026	19/03/2025	26/03/2024	28/03/2023	23/03/2022	31/03/2021
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
Full model	31/12/2025	18/03/2026	17/04/2026	Dutch	PDF
Full model	31/12/2024	19/03/2025	18/04/2025	Dutch	PDF
Full model	31/12/2023	26/03/2024	26/04/2024	Dutch	PDF
Full model	31/12/2022	28/03/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	23/03/2022	22/04/2022	Dutch	PDF
Full model	31/12/2020	31/03/2021	30/04/2021	Dutch	PDF
Full model	31/12/2019	25/03/2020	24/04/2020	Dutch	PDF
Full model	31/12/2018	25/03/2019	09/05/2019	Dutch	PDF
Full model	31/12/2017	26/03/2018	28/03/2018	Dutch	PDF
Full model	31/12/2016	22/03/2017	20/04/2017	Dutch	PDF
Full model	31/12/2015	22/03/2016	19/04/2016	Dutch	PDF
Full model	31/12/2014	17/03/2015	15/04/2015	Dutch	PDF
Full model	31/12/2013	22/04/2014	16/05/2014	Dutch	PDF
Abridged model	31/12/2012	25/04/2013	01/09/2013	Dutch	PDF
Abridged model	31/12/2011	17/04/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/04/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/04/2010	21/05/2010	Dutch	PDF
Abridged model	31/12/2008	29/04/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/04/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/04/2007	30/08/2007	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

13 active · 107 ended

Active mandates

Shirley Pauwels

Director · since 14 juillet 2025

Active

Johan Vande Lanotte

Director · since 18 juin 2025

Active

Judith Ooms

Director · since 18 juin 2025

Active

Steve Vandenberghe

Director · since 18 juin 2025

Active

Wilfried Vandeale

Director · since 18 juin 2025

Active

Ann Van Gysel

Director · since 26 mars 2024 · until 26 mars 2027

Active

Colin Janssen

Vice-chairman of the board of directors · since 26 mars 2024 · until 26 mars 2027

Active

Inge Ceuppens

Director · since 26 mars 2024 · until 26 mars 2027

Active

Jean Berlamont

Director · since 26 mars 2024 · until 26 mars 2027

Active

Daphné Dumery

Director · since 25 mars 2020

Active

Wouter Vanlouwe

Director · since 25 mars 2020

Active

Carl Decaluwé

Chairman of the board of directors · since 12 mars 2012

Active

Jan Mees

Andere functie

Active

Ended mandates

Ann Van Gysel

Director · since 26 mars 2024

Ended

Colin Janssen

Director · since 26 mars 2024 · until 26 mars 2027

Ended

Inge Ceuppens

Director · since 26 mars 2024

Ended

Hilde Decleer

Director · since 14 juin 2023 · until 14 juin 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office23/01/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other06/11/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/11/2017
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025446,9 k €↑
2024
Annual accounts 2024378,7 k €↑
2023
Annual accounts 2023-1,8 M €↓
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021746,7 k €↑
2020
Annual accounts 2020617,2 k €↑
2019
Annual accounts 2019340 k €↑
2018
Annual accounts 2018238,5 k €↓
2017
Annual accounts 2017312,2 k €↓
2016
Annual accounts 2016497,7 k €↑
2015
Annual accounts 2015-369,1 k €↑
2014
Annual accounts 2014-469,8 k €↑
2013
Annual accounts 2013-723,8 k €↓
2012
Annual accounts 2012607,5 k €↑
2011
Annual accounts 201133,4 k €↓
2010
Annual accounts 2010430 k €↑
2009
Annual accounts 200996,1 k €↓
2008
Annual accounts 2008919 k €↑
2007
Annual accounts 2007-166,7 k €
02/04/1999
IncorporationNon-profit organization

INSTITUT FLAMAND DE LA MER

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