ACTIVE

Epicuris

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Financial year 2025 · Closed on 31/12/2025

Net result-286,1 k €-174,7 %over 1 year

Revenue164,2 k €+43,7 %over 1 year

Equity2,9 M €-13,5 %over 1 year

Workforce12,6 ETP-6,0 %over 1 year

Identity

Source · BCE/KBO

Epicuris is a Non-profit organization incorporated in 2004. Its main activity is: Research and experimental development on social sciences and humanities. Its registered office is in Ans. It employs on average 12,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0867.271.753
Incorporation: 16/09/2004
Legal form: Non-profit organization
Registered office: Rue du Parc 50
4432 Ans · WallonieSee on map
Latest accounts: 31/12/2025
Average workforce: 12,6 ETP

Activities (NACE)

72200Research and experimental development on social sciences and humanities· main 72200Research and experimental development on social sciences and humanities 80421Security and investigation activities 85592Other education n.e.c.85592Other education n.e.c.

Joint committees (1)

32902

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	164,2 k €	+43.7%	114,2 k €	+4.3%	109,5 k €	+28.1%	85,4 k €	-5.2%	90,1 k €
EBITDA	-72,6 k €	-112%	617,8 k €	-15.8%	733,6 k €	+130%	319,1 k €	-41.7%	546,9 k €
Operating result	-289,5 k €	-177%	377,2 k €	-37.3%	601,4 k €	+375%	126,7 k €	-41.1%	215,2 k €
Net result	-286,1 k €	-175%	382,9 k €	-36.4%	602 k €	+409%	118,2 k €	-43.1%	207,8 k €
Balance sheet
Equity	2,9 M €	-13.5%	3,4 M €	+70.7%	2 M €	+45.8%	1,4 M €	-1.6%	1,4 M €
Total assets	5,3 M €	-5.7%	5,6 M €	-10.4%	6,2 M €	+0.8%	6,2 M €	-8.1%	6,7 M €
Cash	4,3 M €	+8.1%	4 M €	+24.2%	3,2 M €	+2.6%	3,1 M €	-2.7%	3,2 M €
Debts	2 M €	+4.7%	1,9 M €	-49.1%	3,7 M €	-14.4%	4,3 M €	-11.9%	4,9 M €
Other
Workforce	12,6 ETP	-6.0%	13,4 ETP	-1.5%	13,6 ETP	+7.1%	12,7 ETP	-13.6%	14,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CENTRE WALLON DE FORMATION ET DE PERFECTIONNEMENT DU SECTEUR HORECA0861.434.135Represented by Pierre PORIAU	Mandate
Initiatieven voor Professionele Vorming van de Voedingsnijverheid0442.973.363Represented by Laurent GALL	Mandate
Institut wallon de formation en alternance et des indépendants et petites et moyennes entreprises0869.559.171Represented by Laurie DELSTANCHE	Mandate
Office wallon de la Formation professionnelle et de l'Emploi0236.363.165Represented by Christine MATHIEU	Mandate
Waarborg- en Sociaal Fonds voor de industriële bakkerijen kleinbakkerij en kleinbanketbakkerij0419.458.682Represented by Albert DENONCIN	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vincent MINET	Director17/07/2012 → 2016 accounts
Centre Wallon de Formation et de Perfectionnement du secteur HORECA - ASBLRepresented by Raymond DOCQUIER	Mandate2020 accounts
Fonds Social et de Garantie de la Boulangerie, Pâtisserie et Salons de consommations annexes - Fonds de sécurité d'existanceRepresented by Tangui CORNU	Mandate2016 accounts
Fonds Social et de Garantie de la Boulangerie, Pâtisserie et Salons de consommations annexes - Fonds de sécurité d'existenceRepresented by Tangui CORNU	Mandate2020 accounts

Other companies at this address

Rue du Parc 50 4432 Ans

Company	CBE no.
SAGI● Active	0418.765.529
SAGI EXPORT● Active	0865.284.045

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/06/2026	04/06/2025	20/06/2024	14/06/2023	08/06/2022	28/06/2021
General meeting	10/06/2026	04/06/2025	19/06/2024	14/06/2023	08/06/2022	16/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/06/2026	10/06/2026	French	PDF
Abridged model	31/12/2024	04/06/2025	04/06/2025	French	PDF
Abridged model	31/12/2023	19/06/2024	20/06/2024	French	PDF
Abridged model	31/12/2022	14/06/2023	14/06/2023	French	PDF
Abridged model	31/12/2021	08/06/2022	08/06/2022	French	PDF
Abridged model	31/12/2020	16/06/2021	28/06/2021	French	PDF
Abridged model	31/12/2019	17/06/2020	23/06/2020	French	PDF
Abridged model	31/12/2018	12/06/2019	19/06/2019	French	PDF
Abridged model	31/12/2017	13/06/2018	18/06/2018	French	PDF
Abridged modelCorrection	31/12/2016	14/06/2017	30/03/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	15/06/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	16/06/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	19/06/2014	French	PDF
Abridged model	31/12/2012	25/06/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	20/06/2012	20/06/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	11/06/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	12/06/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	21/06/2007	06/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CENTRE WALLON DE FORMATION ET DE PERFECTIONNEMENT DU SECTEUR HORECA0861.434.135Represented by Pierre PORIAU	Mandate
Initiatieven voor Professionele Vorming van de Voedingsnijverheid0442.973.363Represented by Laurent GALL	Mandate
Institut wallon de formation en alternance et des indépendants et petites et moyennes entreprises0869.559.171Represented by Laurie DELSTANCHE	Mandate
Office wallon de la Formation professionnelle et de l'Emploi0236.363.165Represented by Christine MATHIEU	Mandate
Waarborg- en Sociaal Fonds voor de industriële bakkerijen kleinbakkerij en kleinbanketbakkerij0419.458.682Represented by Albert DENONCIN	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vincent MINET	Director17/07/2012 → 2016 accounts
Centre Wallon de Formation et de Perfectionnement du secteur HORECA - ASBLRepresented by Raymond DOCQUIER	Mandate2020 accounts
Fonds Social et de Garantie de la Boulangerie, Pâtisserie et Salons de consommations annexes - Fonds de sécurité d'existanceRepresented by Tangui CORNU	Mandate2016 accounts
Fonds Social et de Garantie de la Boulangerie, Pâtisserie et Salons de consommations annexes - Fonds de sécurité d'existenceRepresented by Tangui CORNU	Mandate2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office02/01/2025
SIEGE SOCIAL
PDF
Mandates24/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates13/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/06/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2022
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Office wallon de la Formation professionnelle et de l'Emploi

Waarborg- en Sociaal Fonds voor de industriële bakkerijen kleinbakkerij en kleinbanketbakkerij

Initiatieven voor Professionele Vorming van de Voedingsnijverheid

CENTRE WALLON DE FORMATION ET DE PERFECTIONNEMENT DU SECTEUR HORECA

Institut wallon de formation en alternance et des indépendants et petites et moyennes entreprises

Vincent MINET

Centre Wallon de Formation et de Perfectionnement du secteur HORECA - ASBL

Fonds Social et de Garantie de la Boulangerie, Pâtisserie et Salons de consommations annexes - Fonds de sécurité d'existance

Fonds Social et de Garantie de la Boulangerie, Pâtisserie et Salons de consommations annexes - Fonds de sécurité d'existence

FOREM - Organisme d'intérêt public

IFAPME - Organisme d'intérêt public

IFP - ASBL

Show the other mandate

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Epicuris

Rue du Parc 50, 4432 AlleurRue de l'Aéroport 52 bte 3, 4460 Grâce-Hollogne

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Parc 50, 4432 AlleurCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00149661
Rue de l'Aéroport 52 bte 3, 4460 Grâce-Hollogne	accounts 2022 → 2023	Accounts 2023 · 2024-00147553
Rue de Waremme 101, 4530 Villers-le-Bouillet	accounts 2021	Accounts 2021 · 2022-20052705

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
EpicurisCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00149661

Events

2025
Annual accounts 2025-286,1 k €↓
2024
Annual accounts 2024382,9 k €↓
2023
Annual accounts 2023602 k €↑
2022
Annual accounts 2022118,2 k €↓
2021
Annual accounts 2021207,8 k €↑
2020
Annual accounts 2020153,9 k €↑
2019
Annual accounts 201989,2 k €↓
2018
Annual accounts 201891,7 k €↓
2017
Annual accounts 2017114,7 k €↑
2016
Annual accounts 201689,6 k €↑
2015
Annual accounts 201559,6 k €↓
2014
Annual accounts 201478,9 k €↑
2013
Annual accounts 201341,6 k €↓
2012
Annual accounts 201284,6 k €↓
2011
Annual accounts 201188,2 k €↑
2010
Annual accounts 2010-39,8 k €
16/09/2004
IncorporationNon-profit organization

Epicuris

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events