ACTIVE

Nansen

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Financial year 2025 · closed on 31/12/2025
Net result
25,1 k €
+319.2% YoY
Gross margin
261,6 k €
-4.3% YoY
Equity
61,9 k €
+68.3% YoY
Workforce
3,4 ETP
-10.5% YoY

What does Nansen do?

Nansen is a Non-profit organization incorporated in 2017. Its main activity is: Activities of other membership organisations n.e.c.. Its registered office is in Saint-Gilles. It employs on average 3,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0671.479.233
Incorporation
09/01/2017
Legal form
Non-profit organization
Registered office
Rue Emile Feron 153
1060 Saint-Gilles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
3,4 ETP
Activities (NACE)
94999Activities of other membership organisations n.e.c.· main94999Activities of other membership organisations n.e.c.85592Other education n.e.c.85592Other education n.e.c.
Joint committees (1)
  • 32903
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin261,6 k €273,4 k €191,8 k €174 k €175,2 k €180,3 k €153,4 k €160,2 k €88,7 k €
EBITDA25,3 k €6,3 k €1,6 k €159 €898 €3,7 k €4,1 k €7,6 k €14,9 k €
Operating result25,3 k €6,3 k €1,6 k €159 €278 €3 k €3,1 k €7,2 k €14,4 k €
Net result25,1 k €6 k €1,2 k €0 €78 €5 k €2,9 k €7,2 k €14,4 k €
Balance sheet
Equity61,9 k €36,8 k €30,8 k €29,6 k €29,6 k €30,1 k €25,8 k €22 k €15,3 k €
Total assets311,4 k €256,9 k €443,1 k €249,8 k €293,6 k €301,4 k €200,3 k €44,3 k €37 k €
Cash247,4 k €118,1 k €9,7 k €119,9 k €214,6 k €101,3 k €106,8 k €22,4 k €36 k €
Debts29,3 k €63,5 k €31,2 k €42,5 k €24,6 k €21,6 k €19,8 k €22,3 k €21,7 k €
Other
Workforce3,4 ETP3,8 ETP2,9 ETP2,9 ETP3,3 ETP3,0 ETP3,1 ETP2,7 ETP2,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 21 ended

Active mandates

Mathieu Lys

Director · since 13 juin 2024 · until 16 juin 2026

Active
Olivier Jenard

Director · since 13 juin 2024 · until 16 juin 2026

Active
Catherine VAN CUTSEM

Director · since 01 juin 2023 · until 16 juin 2026

Active
Ellen DESMET

Chairman of the board of directors · since 01 juin 2023 · until 16 juin 2026

Active
Benoit DHONDT

Managing director · since 13 juin 2017 · until 16 juin 2026

Active
Ruben WISSING

Director · since 09 janvier 2017 · until 16 juin 2026

Active

Ended mandates

Catherine VAN CUTSEM

Director · since 01 juin 2023 · until 31 mai 2026

Ended
Ellen DESMET

Chairman of the board of directors · since 01 juin 2023 · until 31 mai 2026

Ended
Benoit DHONDT

Director · since 13 juin 2017 · until 12 juin 2020

Ended
Benoit DHONDT

Director · since 13 juin 2017 · until 08 janvier 2023

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202611/07/202526/06/202417/07/202301/07/202219/04/2021
General meeting30/06/202619/06/202513/06/202401/06/202309/06/202231/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202603/07/2026FrenchPDF
Abridged model31/12/202419/06/202511/07/2025FrenchPDF
Abridged model31/12/202313/06/202426/06/2024DutchPDF
Abridged model31/12/202201/06/202317/07/2023DutchPDF
Abridged model31/12/202109/06/202201/07/2022DutchPDF
Abridged model31/12/202031/03/202119/04/2021DutchPDF
Abridged model31/12/201931/08/202004/09/2020DutchPDF
Abridged model31/12/201827/06/201910/07/2019DutchPDF
Abridged model31/12/201721/03/201803/07/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 6 active · 21 ended

Active mandates

Mathieu Lys

Director · since 13 juin 2024 · until 16 juin 2026

Active
Olivier Jenard

Director · since 13 juin 2024 · until 16 juin 2026

Active
Catherine VAN CUTSEM

Director · since 01 juin 2023 · until 16 juin 2026

Active
Ellen DESMET

Chairman of the board of directors · since 01 juin 2023 · until 16 juin 2026

Active
Benoit DHONDT

Managing director · since 13 juin 2017 · until 16 juin 2026

Active
Ruben WISSING

Director · since 09 janvier 2017 · until 16 juin 2026

Active

Ended mandates

Catherine VAN CUTSEM

Director · since 01 juin 2023 · until 31 mai 2026

Ended
Ellen DESMET

Chairman of the board of directors · since 01 juin 2023 · until 31 mai 2026

Ended
Benoit DHONDT

Director · since 13 juin 2017 · until 12 juin 2020

Ended
Benoit DHONDT

Director · since 13 juin 2017 · until 08 janvier 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/10/2025
    Nomination et Démission de la personne déléguée à la gestion
    PDF
  • Mandates12/05/2025
    Nomination d'administrateurs
    PDF
  • Mandates06/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/11/2024
    Démission d'administrateurs
    PDF
  • Mandates19/02/2024
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates11/01/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates18/06/2018
    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

Timeline

  1. 2025
    Annual accounts 202525,1 k €↑
  2. 2024
    Annual accounts 20246 k €↑
  3. 2023
    Annual accounts 20231,2 k €↑
  4. 2022
    Annual accounts 20220 €↓
  5. 2021
    Annual accounts 202178 €↓
  6. 2020
    Annual accounts 20205 k €↑
  7. 2019
    Annual accounts 20192,9 k €↓
  8. 2018
    Annual accounts 20187,2 k €↓
  9. 2017
    Annual accounts 201714,4 k €
  10. 09/01/2017
    IncorporationNon-profit organization