ACTIVE

RELIANCE

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Financial year 2025 · closed on 31/12/2025

Net result

19,2 k €

+123.1% YoY

Gross margin

805,6 k €

+23.5% YoY

Equity

861,6 k €

+11.0% YoY

What does RELIANCE do?

RELIANCE is a Non-profit organization incorporated in 2004. Its main activity is: Technical and vocational secondary education. Its registered office is in Visé.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.878.445

Incorporation

21/01/2004

Legal form

Non-profit organization

Registered office

Rue des Béguines(VIS) 7
4600 Visé · WallonieSee on map

Latest accounts

31/12/2025

Activities (NACE)

85323Technical and vocational secondary education· main 88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2014		2013
Income statement
Gross margin	805,6 k €	+23.5%	652,4 k €	+7.2%	608,9 k €	+1.1%	601,9 k €	+21.1%	496,9 k €	-2.1%	507,6 k €	+8.1%	469,5 k €	+41.9%	330,8 k €	-0.2%	331,4 k €	+22.1%	271,4 k €	-4.2%	283,1 k €
EBITDA	75,6 k €	+257%	-48,2 k €	-327%	21,2 k €	-81.6%	115,6 k €	+82.2%	63,4 k €	+15.4%	55 k €	-0.8%	55,4 k €	+285%	14,4 k €	-23.5%	18,8 k €	-50.2%	37,8 k €	+170%	14 k €
Operating result	20,6 k €	+126%	-78,7 k €	-1296%	6,6 k €	-93.5%	100,9 k €	+60.7%	62,8 k €	+31.1%	47,9 k €	+0.6%	47,6 k €	+1058%	4,1 k €	-46.9%	7,7 k €	-72.5%	28,1 k €	+5788%	-494 €
Net result	19,2 k €	+123%	-83 k €	-1591%	5,6 k €	-94.5%	100,5 k €	+62.8%	61,8 k €	+29.0%	47,9 k €	+0.9%	47,5 k €	+930%	4,6 k €	-41.3%	7,9 k €	-71.8%	27,9 k €	+3012%	-956,5 €
Balance sheet
Equity	861,6 k €	+11.0%	776,1 k €	+128%	341 k €	+1.7%	335,4 k €	+42.8%	234,9 k €	+35.7%	173,2 k €	+38.2%	125,3 k €	+61.0%	77,8 k €	+6.3%	73,2 k €	-10.3%	81,6 k €	+51.8%	53,8 k €
Total assets	1,1 M €	+21.3%	873,7 k €	+81.1%	482,3 k €	+15.8%	416,5 k €	+2.2%	407,6 k €	+101%	202,4 k €	+5.8%	191,3 k €	-8.2%	208,4 k €	+61.7%	128,8 k €	-3.5%	133,5 k €	+30.4%	102,4 k €
Cash	413,3 k €	+23.1%	335,7 k €	-5.7%	356 k €	+11.2%	320,2 k €	-11.0%	359,8 k €	+276%	95,7 k €	-40.6%	161,2 k €	-4.7%	169,1 k €	+132%	72,8 k €	-29.2%	102,8 k €	+132%	44,3 k €
Debts	102,3 k €	+9.4%	93,5 k €	-33.8%	141,3 k €	+154%	55,6 k €	+18.1%	47,1 k €	+70.3%	27,6 k €	-34.8%	42,4 k €	-23.7%	55,6 k €	-0.0%	55,6 k €	+22.5%	45,4 k €	+0.9%	45 k €
Other
Workforce	–		–		–		–		–		–		7,4 ETP	+25.4%	5,9 ETP	+1.7%	5,8 ETP	+9.4%	5,3 ETP	-10.2%	5,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 20 ended

Active mandates

Geoffrey BLAFFART

Director · since 18 juin 2025

Active

Michel BORN

Director · since 18 juin 2025

Active

Florence LACROSSE

Director · since 29 mai 2024

Active

Geoffrey MOSSOUX

Director · since 29 mai 2024

Active

Guy BECKERS

Director · since 29 mai 2024

Active

Sophie MANNINGS

Director · since 29 mai 2024

Active

Thierry BINOT

Chairman of the board of directors · since 29 mai 2024

Active

Ended mandates

Thierry BINOT

Director · since 18 juin 2025

Ended

Thierry BINOT

Director · since 09 juin 2021 · until 17 juin 2025

Ended

Thierry BINOT

Director · since 09 juin 2021

Ended

Betty BINOT

Director · since 21 mars 2014 · until 29 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Culture et Action Laïque de la Basse-Meuse ASBL● Active	0414.996.583
MAISON DE LA LAÎCITE DE VISE● Active	0479.089.829
MAISON DU TOURISME DE LA BASSE -MEUSE● Liquidation	0883.068.105

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro 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	30/06/2026	26/06/2025	27/06/2024	28/06/2023	27/06/2022	30/06/2021
General meeting	10/06/2026	18/06/2025	29/05/2024	19/06/2023	20/06/2022	09/06/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	18/06/2025	26/06/2025	French	PDF
Micro model	31/12/2023	29/05/2024	27/06/2024	French	PDF
Micro model	31/12/2022	19/06/2023	28/06/2023	French	PDF
Micro model	31/12/2021	20/06/2022	27/06/2022	French	PDF
Micro model	31/12/2020	09/06/2021	30/06/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	01/07/2020	French	PDF
Abridged model	31/12/2018	19/06/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	30/05/2018	23/07/2018	French	PDF
Abridged model	31/12/2014	18/05/2015	22/07/2015	French	PDF
Abridged model	31/12/2013	20/03/2014	31/07/2014	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 20 ended

Active mandates

Geoffrey BLAFFART

Director · since 18 juin 2025

Active

Michel BORN

Director · since 18 juin 2025

Active

Florence LACROSSE

Director · since 29 mai 2024

Active

Geoffrey MOSSOUX

Director · since 29 mai 2024

Active

Guy BECKERS

Director · since 29 mai 2024

Active

Sophie MANNINGS

Director · since 29 mai 2024

Active

Thierry BINOT

Chairman of the board of directors · since 29 mai 2024

Active

Ended mandates

Thierry BINOT

Director · since 18 juin 2025

Ended

Thierry BINOT

Director · since 09 juin 2021 · until 17 juin 2025

Ended

Thierry BINOT

Director · since 09 juin 2021

Ended

Betty BINOT

Director · since 21 mars 2014 · until 29 mai 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/01/2025
DEMISSIONS, NOMINATIONS
PDF
Other21/09/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/12/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates16/11/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates04/01/2006
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/01/2004
DEMISSIONS, NOMINATIONS - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202519,2 k €↑
2024
Annual accounts 2024-83 k €↓
2023
Annual accounts 20235,6 k €↓
2022
Annual accounts 2022100,5 k €↑
2021
Annual accounts 202161,8 k €↑
2020
Annual accounts 202047,9 k €↑
2019
Annual accounts 201947,5 k €↑
2018
Annual accounts 20184,6 k €↓
2017
Annual accounts 20177,9 k €↓
2014
Annual accounts 201427,9 k €↑
2013
Annual accounts 2013-956,5 €
21/01/2004
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

RELIANCE

Overview

What does RELIANCE do?

Trend over 11 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