ACTIVE

MANUS ANTWERPEN

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Financial year 2025 · closed on 31/12/2025

Net result

890,2 k €

-13.1% YoY

Revenue

7,7 M €

+1.4% YoY

Equity

6,6 M €

+15.7% YoY

Workforce

208,8 ETP

+3.4% YoY

What does MANUS ANTWERPEN do?

MANUS ANTWERPEN is a Non-profit organization incorporated in 2005. Its main activity is: Technical and vocational secondary education. Its registered office is in Antwerpen. It employs on average 208,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.564.290

Incorporation

17/03/2005

Legal form

Non-profit organization

Registered office

Luchthavenlei 7A
2100 Antwerpen · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

208,8 ETP

Activities (NACE)

85323Technical and vocational secondary education· main 88993Other social work activities without accommodation n.e.c.88995Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.

Joint committees (1)

32701

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	7,7 M €	+1.4%	7,5 M €	+11.1%	6,8 M €	+8.7%	6,2 M €	+24.0%	5 M €	+0.5%	5 M €	-6.6%	5,4 M €	-6.3%	5,7 M €	+25.9%	4,6 M €	+15.1%	4 M €	+27.6%	3,1 M €	+15.3%	2,7 M €		–		–		–		–		1,1 M €	+10.2%	967,6 k €	+27.0%	761,8 k €
EBITDA	1,1 M €	-10.5%	1,2 M €	+17.3%	1,1 M €	+6.1%	993,8 k €	+55.9%	637,6 k €	-4.8%	670 k €	+38.1%	485,2 k €	+2218%	-22,9 k €	-147%	49,2 k €	-88.4%	425,7 k €	+63.7%	260 k €	-24.0%	342,1 k €	-8.0%	372 k €	+54.9%	240,2 k €	+85.2%	129,7 k €	-78.0%	588,4 k €	+175%	213,9 k €	-20.8%	269,9 k €	+81.8%	148,5 k €
Operating result	850 k €	-12.9%	975,4 k €	+17.0%	833,9 k €	+10.0%	758,1 k €	+70.9%	443,7 k €	-15.9%	527,7 k €	+48.5%	355,4 k €	+248%	-239,4 k €	-229%	-72,8 k €	-124%	305,8 k €	+90.5%	160,5 k €	-41.4%	273,8 k €	+0.3%	272,9 k €	+86.8%	146,1 k €	+216%	46,2 k €	-90.9%	508,4 k €	+283%	132,6 k €	-34.3%	201,8 k €	+102%	100 k €
Net result	890,2 k €	-13.1%	1 M €	+21.3%	844,3 k €	+12.4%	751,4 k €	+71.4%	438,4 k €	-16.0%	521,6 k €	+49.7%	348,4 k €	+242%	-245,8 k €	-254%	-69,3 k €	-123%	296,6 k €	+93.1%	153,6 k €	-42.0%	264,9 k €	+11.2%	238,2 k €	+323%	-106,6 k €	-267%	63,9 k €	-85.0%	425,7 k €	+281%	111,6 k €	-40.5%	187,5 k €	+124%	83,7 k €
Balance sheet
Equity	6,6 M €	+15.7%	5,7 M €	+22.1%	4,6 M €	+22.2%	3,8 M €	+24.2%	3,1 M €	+16.2%	2,6 M €	+23.8%	2,1 M €	+22.2%	1,7 M €	-12.4%	2 M €	-3.4%	2,1 M €	+16.7%	1,8 M €	+9.3%	1,6 M €	+19.4%	1,3 M €	+22.4%	1,1 M €	-8.8%	1,2 M €	+5.6%	1,1 M €	+106%	555,9 k €	+25.1%	444,3 k €	+73.0%	256,9 k €
Total assets	8,5 M €	+11.0%	7,6 M €	+13.6%	6,7 M €	+19.0%	5,6 M €	+28.6%	4,4 M €	-2.5%	4,5 M €	+4.9%	4,3 M €	+1.7%	4,2 M €	+20.0%	3,5 M €	+4.3%	3,4 M €	+7.8%	3,1 M €	+10.9%	2,8 M €	+9.8%	2,6 M €	+35.4%	1,9 M €	-34.5%	2,9 M €	+30.4%	2,2 M €	+61.1%	1,4 M €	+5.3%	1,3 M €	+45.1%	903,3 k €
Cash	3,6 M €	+20.2%	3 M €	+115%	1,4 M €	-47.5%	2,7 M €	+64.5%	1,6 M €	-9.7%	1,8 M €	+40.2%	1,3 M €	+118%	587,8 k €	-6.9%	631,4 k €	-41.4%	1,1 M €	-20.8%	1,4 M €	-10.6%	1,5 M €	+63.1%	933,1 k €	+157%	362,7 k €	+30.0%	279 k €	+6.9%	261,1 k €	+212%	83,6 k €	-69.5%	273,8 k €	+5634%	4,8 k €
Debts	1,9 M €	-5.1%	2 M €	-5.2%	2,1 M €	+12.2%	1,9 M €	+40.1%	1,3 M €	-29.0%	1,9 M €	-13.7%	2,2 M €	-12.8%	2,5 M €	+61.0%	1,5 M €	+17.2%	1,3 M €	-3.4%	1,4 M €	+12.2%	1,2 M €	-0.9%	1,2 M €	+59.6%	763,8 k €	-53.1%	1,6 M €	+60.3%	1 M €	+66.4%	609,8 k €	-6.4%	651,4 k €	+34.7%	483,7 k €
Other
Workforce	208,8 ETP	+3.4%	202,0 ETP	+8.0%	187,1 ETP	+13.8%	164,4 ETP	+7.2%	153,4 ETP	-14.1%	178,5 ETP	-3.6%	185,2 ETP	-2.8%	190,6 ETP	+12.5%	169,4 ETP	+13.2%	149,7 ETP	+12.3%	133,3 ETP	+11.8%	119,2 ETP	-1.4%	120,9 ETP	+110%	57,6 ETP	-0.2%	57,7 ETP	+0.7%	57,3 ETP	+15.3%	49,7 ETP	+7.8%	46,1 ETP	+6.0%	43,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 26 ended

Active mandates

Sabe De Graef

Director · since 20 février 2024 · until 18 février 2025

Active

Jeroen Horemans

Director · since 27 juin 2023

Active

Sieghild Van den Neucker

Director · since 24 janvier 2022

Active

Bert Van den Bergh

Director · since 19 janvier 2021

Active

Paul Busschots

Director · since 17 décembre 2018

Active

Tania Dekens

Director · since 30 mai 2013

Active

Paul Deweer

Director · since 14 avril 2009

Active

Gerlinde Verbist

Director · since 11 janvier 2005

Active

Johan De Muynck

Chairman of the board of directors · since 11 janvier 2005

Active

Ended mandates

Karine Kennis

Director · since 04 juin 2015 · until 24 janvier 2022

Ended

Karine Kennis

Director · since 04 juin 2015

Ended

Goele Custers

Director · since 30 mai 2013 · until 13 janvier 2019

Ended

Goele Custers

Director · since 30 mai 2013

Ended

At this address

Other companies at this address

Company	CBE no.
Hydronic System Optimisation● Active	0541.792.312
MANUS● Active	0808.114.522
PX● Active	0448.317.172
TRIDELTA● Active	0644.746.033
Unifly● Active	0635.520.937

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	26/06/2026	22/07/2025	05/07/2024	03/07/2023	25/07/2022	26/07/2021
General meeting	23/06/2026	24/06/2025	24/06/2024	27/06/2023	28/06/2022	29/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	26/06/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	22/07/2025	Dutch	PDF
Full model	31/12/2023	24/06/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	03/07/2023	Dutch	PDF
Full model	31/12/2021	28/06/2022	25/07/2022	Dutch	PDF
Full model	31/12/2020	29/06/2021	26/07/2021	Dutch	PDF
Full model	31/12/2019	23/06/2020	22/07/2020	Dutch	PDF
Full model	31/12/2018	17/06/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	07/08/2018	Dutch	PDF
Full model	31/12/2016	23/05/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	21/04/2016	07/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	14/05/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	10/08/2013	Dutch	PDF
Abridged model	31/12/2011	10/07/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	14/04/2009	24/04/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	19/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	24/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 9 active · 26 ended

Active mandates

Sabe De Graef

Director · since 20 février 2024 · until 18 février 2025

Active

Jeroen Horemans

Director · since 27 juin 2023

Active

Sieghild Van den Neucker

Director · since 24 janvier 2022

Active

Bert Van den Bergh

Director · since 19 janvier 2021

Active

Paul Busschots

Director · since 17 décembre 2018

Active

Tania Dekens

Director · since 30 mai 2013

Active

Paul Deweer

Director · since 14 avril 2009

Active

Gerlinde Verbist

Director · since 11 janvier 2005

Active

Johan De Muynck

Chairman of the board of directors · since 11 janvier 2005

Active

Ended mandates

Karine Kennis

Director · since 04 juin 2015 · until 24 janvier 2022

Ended

Karine Kennis

Director · since 04 juin 2015

Ended

Goele Custers

Director · since 30 mai 2013 · until 13 janvier 2019

Ended

Goele Custers

Director · since 30 mai 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2015
MAATSCHAPPELIJKE ZETEL - 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

2025
Annual accounts 2025890,2 k €↓
2024
Annual accounts 20241 M €↑
2023
Annual accounts 2023844,3 k €↑
2022
Annual accounts 2022751,4 k €↑
2021
Annual accounts 2021438,4 k €↓
2020
Annual accounts 2020521,6 k €↑
2019
Annual accounts 2019348,4 k €↑
2018
Annual accounts 2018-245,8 k €↓
2017
Annual accounts 2017-69,3 k €↓
2016
Annual accounts 2016296,6 k €↑
2015
Annual accounts 2015153,6 k €↓
2014
Annual accounts 2014264,9 k €↑
2013
Annual accounts 2013238,2 k €↑
2012
Annual accounts 2012-106,6 k €↓
2012
Name changeMANUS ANTWERPEN
2011
Annual accounts 201163,9 k €↓
2010
Annual accounts 2010425,7 k €↑
2009
Annual accounts 2009111,6 k €↓
2008
Annual accounts 2008187,5 k €↑
2007
Annual accounts 200783,7 k €
2007
Name changeBERCHOP - ESDEURN
17/03/2005
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

MANUS ANTWERPEN

Overview

What does MANUS ANTWERPEN do?

Trend over 19 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