NORMAL SITUATION

ESF - AGENTSCHAP VLAANDEREN

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Company — Normal situation.

Strike-off: 16 juillet 2026

Financial year 2025 · Closed on 31/12/2025

Net result1,1 M €+173,9 %over 1 year

Equity21,8 M €+5,3 %over 1 year

Identity

Source · BCE/KBO

ESF - AGENTSCHAP VLAANDEREN is a Non-profit organization incorporated in 2001.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0476.731.541
Incorporation: 14/11/2001
Legal form: Non-profit organization
Latest accounts: 31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
EBITDA	-201,1 k €	+28.7%	-282,1 k €	+84.5%	-1,8 M €	+80.7%	-9,4 M €	+11.9%	-10,7 M €
Operating result	-2,9 M €	-74.8%	-1,7 M €	+47.2%	-3,1 M €	+73.3%	-11,7 M €	+7.1%	-12,6 M €
Net result	1,1 M €	+174%	-1,5 M €	+40.7%	-2,5 M €	+78.3%	-11,5 M €	-7.6%	-10,7 M €
Balance sheet
Equity	21,8 M €	+5.3%	20,7 M €	-6.7%	22,2 M €	-10.1%	24,7 M €	-31.8%	36,3 M €
Total assets	21,8 M €	+3.0%	21,2 M €	-7.8%	23 M €	-11.0%	25,8 M €	-30.6%	37,2 M €
Cash	21,8 M €	+10777%	200,6 k €	-84.4%	1,3 M €	-26.3%	1,7 M €	+15.8%	1,5 M €
Debts	2 k €	-99.5%	383,6 k €	-43.9%	683,5 k €	-33.9%	1 M €	+19.0%	869,4 k €
Other
Workforce	–		0,2 ETP	-90.9%	2,2 ETP	-15.4%	2,6 ETP	+30.0%	2,0 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 45 ended

Active mandates

Edo Huygens

Director · since 01 janvier 2022

Active

Lander De Mulder

Director · since 01 janvier 2022

Active

Ann Van den Cruyce

Director · since 19 octobre 2018

Active

Helga Coppen

Director · since 19 octobre 2018

Active

Hubert Cossey

Chairman of the board of directors · since 19 octobre 2018

Active

Katrien Vereecken

Director · since 19 octobre 2018

Active

Ended mandates

Lies Reynaert

Director · since 26 juin 2020

Ended

An Katrien Sodermans

Director · since 19 octobre 2018 · until 31 décembre 2020

Ended

An Katrien Sodermans

Director · since 19 octobre 2018

Ended

Charlien Van Leuffel

Director · since 19 octobre 2018 · until 25 juin 2020

Ended

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	12/06/2026	27/06/2025	28/06/2024	20/06/2023	28/06/2022	08/07/2021
General meeting	11/06/2026	27/06/2025	28/06/2024	16/06/2023	24/06/2022	18/06/2021
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

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	11/06/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	27/06/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	16/06/2023	20/06/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	07/07/2020	Dutch	PDF
Full model	31/12/2018	26/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	15/06/2018	19/06/2018	Dutch	PDF
Full model	31/12/2016	23/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	17/06/2016	20/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	12/06/2015	Dutch	PDF
Full model	31/12/2013	04/06/2014	12/06/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	19/07/2012	Dutch	PDF
Full model	31/12/2010	27/06/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	21/06/2010	15/07/2010	Dutch	PDF
Full model	31/12/2008	17/06/2009	29/06/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	28/07/2008	Dutch	PDF
Full model	31/12/2006	26/06/2007	12/07/2007	Dutch	PDF

Indicative valuation

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

6 active · 45 ended

Active mandates

Edo Huygens

Director · since 01 janvier 2022

Active

Lander De Mulder

Director · since 01 janvier 2022

Active

Ann Van den Cruyce

Director · since 19 octobre 2018

Active

Helga Coppen

Director · since 19 octobre 2018

Active

Hubert Cossey

Chairman of the board of directors · since 19 octobre 2018

Active

Katrien Vereecken

Director · since 19 octobre 2018

Active

Ended mandates

Lies Reynaert

Director · since 26 juin 2020

Ended

An Katrien Sodermans

Director · since 19 octobre 2018 · until 31 décembre 2020

Ended

An Katrien Sodermans

Director · since 19 octobre 2018

Ended

Charlien Van Leuffel

Director · since 19 octobre 2018 · until 25 juin 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution23/07/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates02/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/11/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2020
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

02/02/2026
reconductionKPMG Bedrijfsrevisoren BV/SRL — commissaris
02/02/2026
nominationJoris Mertens — vaste vertegenwoordiger
2025
Annual accounts 20251,1 M €↑
2024
Annual accounts 2024-1,5 M €↑
2023
Annual accounts 2023-2,5 M €↑
08/11/2023
nominationJoris Mertens — vaste vertegenwoordiger
2022
Annual accounts 2022-11,5 M €↓
01/01/2022
nominationLander De Mulder — bestuurder
01/01/2022
nominationEdo Maurits Paul Huygens — bestuurder
2021
Annual accounts 2021-10,7 M €↓
2020
Annual accounts 2020-914,5 k €↓
2019
Annual accounts 2019495,7 k €↓
2018
Annual accounts 201817,9 M €↑
2017
Annual accounts 20172 M €↓
2016
Annual accounts 20163,1 M €↑
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 2014684,9 k €↓
2013
Annual accounts 20131,4 M €↓
2012
Annual accounts 20121,7 M €↑
2011
Annual accounts 2011539,4 k €↑
2010
Annual accounts 2010250,4 k €↓
2009
Annual accounts 2009449,6 k €↓
2008
Annual accounts 20081,8 M €↓
2007
Annual accounts 20077 M €
14/11/2001
IncorporationNon-profit organization

ESF - AGENTSCHAP VLAANDEREN

Overview

Identity

Financials

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