ACTIVE

RIVAGE - DEN ZAET

Financial year 2025 · Closed on 31/12/2025

Net result15,8 k €+493,7 %over 1 year
Gross margin2,7 M €-0,7 %over 1 year
Equity275 k €+6,0 %over 1 year
Workforce32,2 ETP+0,9 %over 1 year

Identity

Source · BCE/KBO

RIVAGE - DEN ZAET is a Non-profit organization incorporated in 2003. Its registered office is in Bruxelles. It employs on average 32,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0861.606.062
Incorporation
13/11/2003
Legal form
Non-profit organization
Registered office
Rue de l'Association 15
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
32,2 ETP
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin2,7 M €2,7 M €2,4 M €2,3 M €2,1 M €
EBITDA46,8 k €23,9 k €20,4 k €125,5 k €13,7 k €
Operating result15,8 k €-7,1 k €-6,2 k €111,7 k €-1 k €
Net result15,8 k €2,7 k €1 k €117,5 k €2,4 k €
Balance sheet
Equity275 k €259,4 k €255,4 k €254,4 k €136,9 k €
Total assets1,1 M €1,2 M €1,2 M €1,1 M €1,1 M €
Cash238,1 k €475,4 k €339,5 k €559,9 k €699,4 k €
Debts554,9 k €658,8 k €674,2 k €666,9 k €686 k €
Other
Workforce32,2 ETP31,9 ETP29,9 ETP29,6 ETP28,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 28 ended

Active mandates

Marc GLORIEUX

Director · since 26 juin 2025 · until 24 juin 2027

Active
Carl NYS

Director · since 20 mai 2024 · until 24 juin 2027

Active
Eliane ZMIGROD

Chairman of the board of directors · since 20 mai 2024 · until 24 juin 2027

Active
Julien LIBBRECHT

Director · since 20 mai 2024 · until 24 juin 2027

Active
Mazlum KARA

Personne déléguée à la gestion journalière · since 23 mars 2017

Active

Ended mandates

Carl NYS

Director · since 20 mai 2021 · until 19 mai 2024

Ended
Eliane ZMIGROD

Chairman of the board of directors · since 20 mai 2021 · until 19 mai 2024

Ended
Julien LIBBRECHT

Director · since 20 mai 2021 · until 19 mai 2024

Ended
Paul GOETSTOUWERS

Trésorier · since 20 mai 2021 · until 19 mai 2024

Ended

Other companies at this address

Rue de l'Association 15 1000 Bruxelles

Full financial information

Source · NBB
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 date14/07/202630/07/202515/10/202524/07/202307/06/202222/06/2021
General meeting25/06/202626/06/202526/06/202529/06/202328/04/202220/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202525/06/202614/07/2026FrenchPDF
Abridged model31/12/202426/06/202530/07/2025FrenchPDF
Abridged modelCorrection31/12/202326/06/202515/10/2025FrenchPDF
Abridged model31/12/202321/03/202430/07/2024FrenchPDF
Abridged model31/12/202229/06/202324/07/2023FrenchPDF
Abridged model31/12/202128/04/202207/06/2022FrenchPDF
Abridged model31/12/202020/05/202122/06/2021FrenchPDF
Abridged model31/12/201903/03/202030/04/2020FrenchPDF
Abridged model31/12/201828/03/201930/04/2019FrenchPDF
Abridged model31/12/201723/03/201819/06/2018FrenchPDF
Abridged model31/12/201623/03/201704/07/2017FrenchPDF
Abridged model31/12/201517/03/201603/05/2016FrenchPDF
Abridged model31/12/201413/03/201530/07/2015FrenchPDF
Abridged model31/12/201320/03/201406/05/2014FrenchPDF
Abridged model31/12/201218/04/201306/06/2013FrenchPDF
Abridged model31/12/201122/03/201205/06/2012FrenchPDF
Abridged model31/12/201007/04/201129/06/2011FrenchPDF
Abridged model31/12/200904/05/201009/07/2010FrenchPDF
Abridged model31/12/200826/03/200911/06/2009FrenchPDF
Abridged model31/12/200706/05/200829/07/2008FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

5 active · 28 ended

Active mandates

Marc GLORIEUX

Director · since 26 juin 2025 · until 24 juin 2027

Active
Carl NYS

Director · since 20 mai 2024 · until 24 juin 2027

Active
Eliane ZMIGROD

Chairman of the board of directors · since 20 mai 2024 · until 24 juin 2027

Active
Julien LIBBRECHT

Director · since 20 mai 2024 · until 24 juin 2027

Active
Mazlum KARA

Personne déléguée à la gestion journalière · since 23 mars 2017

Active

Ended mandates

Carl NYS

Director · since 20 mai 2021 · until 19 mai 2024

Ended
Eliane ZMIGROD

Chairman of the board of directors · since 20 mai 2021 · until 19 mai 2024

Ended
Julien LIBBRECHT

Director · since 20 mai 2021 · until 19 mai 2024

Ended
Paul GOETSTOUWERS

Trésorier · since 20 mai 2021 · until 19 mai 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/01/2023
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates31/01/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/11/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/01/2016
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/05/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/07/2011
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/08/2010
    DEMISSIONS, NOMINATIONS
    PDF

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 202515,8 k €↑
  2. 2024
    Annual accounts 20242,7 k €↑
  3. 2023
    Annual accounts 20231 k €↓
  4. 2022
    Annual accounts 2022117,5 k €↑
  5. 2021
    Annual accounts 20212,4 k €↓
  6. 2020
    Annual accounts 202084,3 k €↑
  7. 2019
    Annual accounts 20196,1 k €↓
  8. 2018
    Annual accounts 20187 k €↓
  9. 2017
    Annual accounts 201719,8 k €↑
  10. 2016
    Annual accounts 2016-99,6 k €↓
  11. 2015
    Annual accounts 2015-27,1 k €↓
  12. 2014
    Annual accounts 2014506,2 €↓
  13. 2013
    Annual accounts 20131,7 k €↓
  14. 2012
    Annual accounts 20128 k €↓
  15. 2011
    Annual accounts 201128,9 k €↓
  16. 2010
    Annual accounts 201037,5 k €↑
  17. 2009
    Annual accounts 200912,3 k €↓
  18. 2008
    Annual accounts 200818,9 k €↓
  19. 2007
    Annual accounts 200737,4 k €
  20. 13/11/2003
    IncorporationNon-profit organization