ACTIVE

FINANCE WATCH

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Financial year 2025 · closed on 31/12/2025
Net result
40,3 k €
-13.7% YoY
Gross margin
2 M €
+9.7% YoY
Equity
121,2 k €
+49.8% YoY
Workforce
14,5 ETP
-5.2% YoY

What does FINANCE WATCH do?

FINANCE WATCH is a International non-profit organization incorporated in 2011. Its main activity is: Research and experimental development on social sciences and humanities. Its registered office is in Bruxelles. It employs on average 14,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0836.636.381
Incorporation
30/05/2011
Legal form
International non-profit organization
Registered office
Rue des Colonies 56 box 3
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
14,5 ETP
Activities (NACE)
72200Research and experimental development on social sciences and humanities· main72200Research and experimental development on social sciences and humanities94999Activities of other membership organisations n.e.c.94999Activities of other membership organisations n.e.c.94999Activities of other membership organisations n.e.c.94999Activities of other membership organisations n.e.c.
Joint committees (3)
  • 200
  • 218
  • 337
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin2 M €1,9 M €2 M €1,8 M €1,6 M €1,3 M €1,1 M €1,3 M €1 M €845,4 k €775,2 k €1,2 M €1,2 M €1,1 M €
EBITDA93 k €81,6 k €143 k €105,6 k €110,7 k €74,2 k €75,2 k €64,9 k €264,9 k €-162,8 k €-270,9 k €58,9 k €-40,5 k €164,5 k €
Operating result64,1 k €55,8 k €97 k €61,9 k €54,4 k €19,5 k €18,4 k €28,1 k €248,9 k €-175,5 k €-283,6 k €42,8 k €-59,8 k €134,4 k €
Net result40,3 k €46,7 k €57,5 k €36,6 k €26,4 k €11,4 k €2 k €18,8 k €247,4 k €-181,2 k €-299,1 k €37,5 k €-60,3 k €137,1 k €
Balance sheet
Equity121,2 k €80,9 k €34,2 k €-23,3 k €-59,9 k €-86,3 k €-97,7 k €-99,7 k €-118,5 k €-366 k €-184,8 k €114,3 k €76,8 k €137,1 k €
Total assets3 M €3,7 M €1,4 M €1,8 M €2,9 M €1,1 M €710,5 k €697,7 k €309,2 k €286 k €319,9 k €486,2 k €508,6 k €389,7 k €
Cash387,8 k €471,1 k €72,7 k €152,7 k €171,9 k €3,5 k €1,6 k €3,4 k €40,8 k €130,3 k €182,5 k €18,4 k €39,4 k €5 k €
Debts343,5 k €388 k €396,4 k €328,3 k €355,3 k €562,5 k €331,9 k €488,1 k €260,7 k €191,6 k €204,8 k €261,8 k €261,2 k €164,1 k €
Other
Workforce14,5 ETP15,3 ETP16,5 ETP15,6 ETP15,2 ETP12,9 ETP10,7 ETP12,4 ETP8,8 ETP11,5 ETP11,0 ETP9,4 ETP7,9 ETP3,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 59 ended

Active mandates

Ogmundur Jonasson

Director · since 20 juin 2025

Active
CENTRALE NATIONALE DES EMPLOYES affiliée à la C.S.C.

Director · since 18 juin 2024 · 0927.488.957

Represented by Etienne LEBEAU

Active
Centre des Jeunes Dirigeants Belgique

Director · since 23 juin 2023 · 0844.488.334

Represented by Laurène COLLARD

Active
COMITE EUROPEEN DE COORDINATION DE L'HABITAT SOCIAL

Director · since 23 juin 2023 · 0473.324.762

Represented by Sorcha EDWARDS

Active
Deepa GOVINDARAJAN DRIVER

Director · since 23 juin 2023

Active
Fondazione Finanza Etica

Director · since 17 juin 2022

Represented by ANDREA BARANES

Active
NADINE STRAUSS

Director · since 26 juin 2020

Active
Marek Hudon

Chairman of the board of directors

Active

Ended mandates

CENTRALE NATIONALE DES EMPLOYES affiliée à la C.S.C.

Director · since 18 juin 2024 · 0927.488.957

Represented by Lebeau ETIENNE

Ended
CENTRE DES JEUNES DIRIGEANTS

Director · since 23 juin 2023 · until 23 juin 2026

Represented by LAURENE COLLARD

Ended
Centre des Jeunes Dirigeants Belgique

Director · since 23 juin 2023 · 0844.488.334

Represented by Collard LAURÈNE

Ended
COMITE EUROPEEN DE COORDINATION DE L'HABITAT SOCIAL

Director · since 23 juin 2023 · 0473.324.762

Represented by EDWARDS SORCHA

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 date18/08/202625/08/202529/08/202407/07/202318/07/202215/07/2021
General meeting11/06/202612/06/202511/06/202415/06/202309/06/202210/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/06/202618/08/2026FrenchPDF
Abridged model31/12/202412/06/202525/08/2025FrenchPDF
Abridged model31/12/202311/06/202429/08/2024FrenchPDF
Abridged model31/12/202215/06/202307/07/2023FrenchPDF
Abridged model31/12/202109/06/202218/07/2022FrenchPDF
Abridged model31/12/202010/06/202115/07/2021FrenchPDF
Abridged model31/12/201911/06/202007/07/2020FrenchPDF
Abridged model31/12/201819/06/201928/06/2019FrenchPDF
Abridged model31/12/201713/06/201813/06/2018FrenchPDF
Abridged model31/12/201628/06/201717/08/2017FrenchPDF
Abridged model31/12/201510/06/201629/08/2016FrenchPDF
Abridged model31/12/201408/04/201518/05/2015FrenchPDF
Abridged model31/12/201329/04/201417/07/2014FrenchPDF
Abridged model31/12/201219/04/201330/05/2013FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 59 ended

Active mandates

Ogmundur Jonasson

Director · since 20 juin 2025

Active
CENTRALE NATIONALE DES EMPLOYES affiliée à la C.S.C.

Director · since 18 juin 2024 · 0927.488.957

Represented by Etienne LEBEAU

Active
Centre des Jeunes Dirigeants Belgique

Director · since 23 juin 2023 · 0844.488.334

Represented by Laurène COLLARD

Active
COMITE EUROPEEN DE COORDINATION DE L'HABITAT SOCIAL

Director · since 23 juin 2023 · 0473.324.762

Represented by Sorcha EDWARDS

Active
Deepa GOVINDARAJAN DRIVER

Director · since 23 juin 2023

Active
Fondazione Finanza Etica

Director · since 17 juin 2022

Represented by ANDREA BARANES

Active
NADINE STRAUSS

Director · since 26 juin 2020

Active
Marek Hudon

Chairman of the board of directors

Active

Ended mandates

CENTRALE NATIONALE DES EMPLOYES affiliée à la C.S.C.

Director · since 18 juin 2024 · 0927.488.957

Represented by Lebeau ETIENNE

Ended
CENTRE DES JEUNES DIRIGEANTS

Director · since 23 juin 2023 · until 23 juin 2026

Represented by LAURENE COLLARD

Ended
Centre des Jeunes Dirigeants Belgique

Director · since 23 juin 2023 · 0844.488.334

Represented by Collard LAURÈNE

Ended
COMITE EUROPEEN DE COORDINATION DE L'HABITAT SOCIAL

Director · since 23 juin 2023 · 0473.324.762

Represented by EDWARDS SORCHA

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office01/07/2024
    SIEGE SOCIAL
    PDF
  • Mandates29/11/2023
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates26/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/04/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/02/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/05/2022
    DEMISSIONS, NOMINATIONS
    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 202540,3 k €↓
  2. 2024
    Annual accounts 202446,7 k €↓
  3. 2023
    Annual accounts 202357,5 k €↑
  4. 2022
    Annual accounts 202236,6 k €↑
  5. 2021
    Annual accounts 202126,4 k €↑
  6. 2020
    Annual accounts 202011,4 k €↑
  7. 2019
    Annual accounts 20192 k €↓
  8. 2018
    Annual accounts 201818,8 k €↓
  9. 2017
    Annual accounts 2017247,4 k €↑
  10. 2016
    Annual accounts 2016-181,2 k €↑
  11. 2015
    Annual accounts 2015-299,1 k €↓
  12. 2014
    Annual accounts 201437,5 k €↑
  13. 2013
    Annual accounts 2013-60,3 k €↓
  14. 2012
    Annual accounts 2012137,1 k €
  15. 30/05/2011
    IncorporationInternational non-profit organization