ACTIVE

INFANO

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Financial year 2025 · closed on 31/12/2025

Net result

866 k €

+38.0% YoY

Revenue

14,5 M €

+9.5% YoY

Equity

11,5 M €

+6.1% YoY

Workforce

671,2 ETP

+8.6% YoY

What does INFANO do?

INFANO is a Non-profit organization incorporated in 2002. Its main activity is: Technical and vocational secondary education. Its registered office is in Ternat. It employs on average 671,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.578.411

Incorporation

11/03/2002

Legal form

Non-profit organization

Registered office

Keizerstraat 35
1740 Ternat · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

671,2 ETP

Activities (NACE)

85321Technical and vocational secondary education· main 88911Child day-care activities 88911Child day-care activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	14,5 M €	+9.5%	13,2 M €	-0.1%	13,2 M €	+8.0%	12,2 M €	+34.5%	9,1 M €	-10.7%	10,2 M €	+8.1%	9,4 M €	+11.2%	8,5 M €	+8.9%	7,8 M €	+14.9%	6,8 M €	+12.5%	6 M €	+24.6%	4,8 M €	+12.9%	4,3 M €	+29.0%	3,3 M €		–		–		–		–
EBITDA	2,4 M €	+23.5%	1,9 M €	+10.6%	1,8 M €	+15.6%	1,5 M €	-34.6%	2,3 M €	+36.6%	1,7 M €	+55.8%	1,1 M €	-24.6%	1,4 M €	+5.7%	1,4 M €	-15.9%	1,6 M €	+36.2%	1,2 M €	+97.4%	604,6 k €	+47.8%	409,2 k €	+81.1%	225,9 k €	+61.0%	140,3 k €	-3.7%	145,7 k €	-25.2%	194,8 k €	+141%	80,9 k €
Operating result	852,5 k €	+34.4%	634,3 k €	+34.9%	470,3 k €	+38.2%	340,3 k €	-66.8%	1 M €	+36.2%	751,5 k €	+193%	256,3 k €	-66.8%	771 k €	+2.0%	756,2 k €	-27.9%	1 M €	+85.7%	564,7 k €	+210%	182,1 k €	+95.6%	93,1 k €	+143%	38,3 k €	+264%	-23,4 k €	-1109%	-1,9 k €	-103%	67,8 k €	+252%	-44,6 k €
Net result	866 k €	+38.0%	627,6 k €	+44.6%	434,1 k €	+53.6%	282,5 k €	-70.5%	957,4 k €	+32.6%	722,1 k €	+253%	204,3 k €	-70.8%	698,6 k €	-3.7%	725,8 k €	-30.4%	1 M €	+128%	456,3 k €	+205%	149,4 k €	-5.7%	158,4 k €	+60.3%	98,8 k €	+218%	31 k €	-39.8%	51,6 k €	-56.8%	119,5 k €	+864%	12,4 k €
Balance sheet
Equity	11,5 M €	+6.1%	10,8 M €	+4.4%	10,4 M €	+2.2%	10,1 M €	+46.0%	6,9 M €	+12.7%	6,2 M €	+12.2%	5,5 M €	+1.4%	5,4 M €	+10.8%	4,9 M €	+20.2%	4,1 M €	+39.6%	2,9 M €	+50.3%	1,9 M €	+5.2%	1,8 M €	+102%	912,4 k €	-5.9%	969,4 k €	-2.5%	994,2 k €	-0.4%	998,5 k €	-3.5%	1 M €
Total assets	24,6 M €	+6.6%	23,1 M €	+9.9%	21 M €	+7.2%	19,6 M €	+27.3%	15,4 M €	+23.0%	12,5 M €	+12.7%	11,1 M €	+2.3%	10,8 M €	+7.4%	10,1 M €	+7.1%	9,4 M €	+12.6%	8,4 M €	+25.4%	6,7 M €	+46.0%	4,6 M €	+41.3%	3,2 M €	+43.9%	2,2 M €	+2.3%	2,2 M €	+9.1%	2 M €	+1.8%	2 M €
Cash	8,6 M €	-0.8%	8,7 M €	+17.4%	7,4 M €	+9.2%	6,8 M €	+34.6%	5 M €	+128%	2,2 M €	+101%	1,1 M €	-48.5%	2,1 M €	-15.1%	2,5 M €	+5.4%	2,4 M €	+43.1%	1,7 M €	+63.7%	1 M €	+23.4%	825,5 k €	+31.5%	627,6 k €	+73.1%	362,6 k €	+386%	74,6 k €	-84.3%	476,4 k €	+12.7%	422,8 k €
Debts	10,7 M €	-1.1%	10,8 M €	+10.5%	9,8 M €	+13.1%	8,6 M €	+12.7%	7,7 M €	+27.5%	6 M €	+13.6%	5,3 M €	+3.6%	5,1 M €	+8.8%	4,7 M €	-0.2%	4,7 M €	-2.7%	4,8 M €	+7.0%	4,5 M €	+76.0%	2,6 M €	+49.2%	1,7 M €	+85.0%	929,4 k €	+2.8%	903,9 k €	+8.9%	829,9 k €	-4.4%	868,1 k €
Other
Workforce	671,2 ETP	+8.6%	618,0 ETP	+4.6%	590,9 ETP	+2.9%	574,5 ETP	+19.1%	482,5 ETP	+1.0%	477,9 ETP	+4.6%	456,8 ETP	+18.3%	386,3 ETP	+11.4%	346,9 ETP	+22.3%	283,7 ETP	+8.0%	262,8 ETP	+37.6%	191,0 ETP	+16.5%	164,0 ETP	+15.5%	142,0 ETP	+26.8%	112,0 ETP	+14.3%	98,0 ETP	+22.5%	80,0 ETP	+19.4%	67,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 24 ended

Active mandates

Armand Van Malderen

Mandate

Active

Chris De Hovre

Mandate

Active

Dorette Heymans

Mandate

Active

Eric Wouters

Mandate

Active

Fred Dielens

Mandate

Active

Hilde Van Overstraeten

Mandate

Active

Jozef Coppens

Mandate

Active

Paul Temmerman

Mandate

Active

Roland De Feyter

Mandate

Active

Serge Brogniet

Mandate

Active

Ended mandates

Serge Brogniet

Director · since 17 décembre 2009

Ended

Ilse Joseph

Director · since 11 juin 2009

Ended

Dorette Heymans

Director · since 10 mai 2007

Ended

Paul Temmerman

Director · since 10 mai 2007

Ended

At this address

Other companies at this address

Company	CBE no.
Oudervereniging Horizon vzw● Active	0877.571.272

Annual accounts

Full financial information

	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	26/06/2026	30/06/2025	26/06/2024	30/06/2023	01/09/2022	05/07/2021
General meeting	25/06/2026	25/06/2025	25/06/2024	21/06/2023	22/06/2022	23/06/2021
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
Full model	31/12/2025	25/06/2026	26/06/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	21/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	01/09/2022	Dutch	PDF
Full model	31/12/2020	23/06/2021	05/07/2021	Dutch	PDF
Full model	31/12/2019	24/06/2020	09/07/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	18/07/2019	Dutch	PDF
Full model	31/12/2017	06/06/2018	26/07/2018	Dutch	PDF
Full model	31/12/2016	14/06/2017	26/07/2017	Dutch	PDF
Full model	31/12/2015	08/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	18/06/2015	10/07/2015	Dutch	PDF
Full model	31/12/2013	21/05/2014	18/06/2014	Dutch	PDF
Full model	31/12/2012	12/06/2013	11/07/2013	Dutch	PDF
Full model	31/12/2011	21/06/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 24 ended

Active mandates

Armand Van Malderen

Mandate

Active

Chris De Hovre

Mandate

Active

Dorette Heymans

Mandate

Active

Eric Wouters

Mandate

Active

Fred Dielens

Mandate

Active

Hilde Van Overstraeten

Mandate

Active

Jozef Coppens

Mandate

Active

Paul Temmerman

Mandate

Active

Roland De Feyter

Mandate

Active

Serge Brogniet

Mandate

Active

Ended mandates

Serge Brogniet

Director · since 17 décembre 2009

Ended

Ilse Joseph

Director · since 11 juin 2009

Ended

Dorette Heymans

Director · since 10 mai 2007

Ended

Paul Temmerman

Director · since 10 mai 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/07/2026
—
PDF
Mandates01/10/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2018
ONTSLAGEN - BENOEMINGEN
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 2025866 k €↑
2024
Annual accounts 2024627,6 k €↑
2023
Annual accounts 2023434,1 k €↑
2022
Annual accounts 2022282,5 k €↓
2020
Annual accounts 2020957,4 k €↑
2019
Annual accounts 2019722,1 k €↑
2018
Annual accounts 2018204,3 k €↓
2017
Annual accounts 2017698,6 k €↓
2016
Annual accounts 2016725,8 k €↓
2015
Annual accounts 20151 M €↑
2014
Annual accounts 2014456,3 k €↑
2014
Name changeINFANO
2013
Annual accounts 2013149,4 k €↓
2012
Annual accounts 2012158,4 k €↑
2011
Annual accounts 201198,8 k €↑
2010
Annual accounts 201031 k €↓
2009
Annual accounts 200951,6 k €↓
2008
Annual accounts 2008119,5 k €↑
2007
Annual accounts 200712,4 k €
2007
Name changeCENTRUM VOOR KINDEROPVANG 'T BREUGELKIND
11/03/2002
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

INFANO

Overview

What does INFANO do?

Trend over 18 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