ACTIVE

NSETHA

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Financial year 2025 · closed on 31/12/2025

Net result

19,8 k €

-57.9% YoY

Gross margin

125,1 k €

-24.9% YoY

Equity

294,5 k €

+1.4% YoY

Workforce

1,0 ETP

0.0% YoY

What does NSETHA do?

NSETHA is a Private limited company incorporated in 2005. Its main activity is: Pre-primary education. Its registered office is in Ixelles. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.147.055

Incorporation

20/09/2005

Legal form

Private limited company

Registered office

Rue du Vivier 106
1050 Ixelles · BruxellesSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

85120Pre-primary education· main 86220Specialist medical practice activities 86220Specialist medical practice activities

Joint committees (1)

30502

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	125,1 k €	-24.9%	166,6 k €	+44.7%	115,1 k €	-15.4%	136,1 k €	+2.4%	132,9 k €	+25.1%	106,3 k €	-29.6%	151,1 k €	+32.5%	114 k €	+15.5%	98,7 k €	-21.5%	125,8 k €	-18.2%	153,7 k €	+11.1%	138,4 k €	+32.1%	104,8 k €	+59.4%	65,8 k €	-52.9%	139,5 k €	+11.4%	125,2 k €	-9.7%	138,7 k €	+35.4%	102,5 k €	+19.4%	85,8 k €	-30.2%	123 k €
EBITDA	69,9 k €	-36.9%	110,8 k €	+84.6%	60 k €	-27.8%	83,1 k €	-1.8%	84,7 k €	+49.0%	56,8 k €	-44.6%	102,6 k €	+53.6%	66,8 k €	+29.6%	51,5 k €	-34.9%	79,2 k €	-25.7%	106,5 k €	+14.5%	93 k €	+51.5%	61,4 k €	+156%	24 k €	-75.5%	97,9 k €	+11.1%	88,2 k €	-17.5%	106,9 k €	+49.1%	71,7 k €	+8.7%	65,9 k €	-31.9%	96,9 k €
Operating result	35,1 k €	-53.9%	76,2 k €	+146%	30,9 k €	-50.2%	62,1 k €	-1.0%	62,7 k €	+84.9%	33,9 k €	-54.2%	74 k €	+92.0%	38,5 k €	+157%	15 k €	-65.1%	43 k €	-40.5%	72,2 k €	+14.0%	63,3 k €	+323%	15 k €	+429%	2,8 k €	-95.9%	69,7 k €	+22.7%	56,8 k €	-32.0%	83,5 k €	+108%	40,1 k €	+2.4%	39,2 k €	-41.5%	67,1 k €
Net result	19,8 k €	-57.9%	46,9 k €	+240%	13,8 k €	-65.1%	39,5 k €	-2.7%	40,6 k €	+156%	15,9 k €	-66.2%	47 k €	+158%	18,2 k €	+5713%	313,7 €	-98.3%	18,1 k €	-54.4%	39,7 k €	+18.7%	33,4 k €	+566%	5 k €	+657%	662,7 €	-98.6%	46,1 k €	+25.9%	36,6 k €	-35.2%	56,5 k €	+132%	24,4 k €	+1.2%	24,1 k €	-47.5%	45,9 k €
Balance sheet
Equity	294,5 k €	+1.4%	290,5 k €	+12.3%	258,6 k €	-0.2%	259,1 k €	+4.4%	248,1 k €	+5.1%	236,1 k €	+0.7%	234,5 k €	+8.5%	216,1 k €	-1.5%	219,3 k €	-6.0%	233,2 k €	-6.5%	249,4 k €	+5.2%	237,1 k €	-1.6%	241,1 k €	-2.3%	246,7 k €	+0.3%	246 k €	+23.1%	199,9 k €	+22.4%	163,3 k €	+52.9%	106,8 k €	+29.6%	82,4 k €	+41.4%	58,3 k €
Total assets	458,1 k €	-4.8%	481,1 k €	+1.2%	475,4 k €	+2.0%	466,2 k €	+0.9%	461,8 k €	-0.3%	463,1 k €	-0.5%	465,3 k €	-2.7%	478,2 k €	+1.2%	472,6 k €	-7.6%	511,4 k €	-4.9%	537,7 k €	+2.2%	526,1 k €	-1.3%	533 k €	+83.5%	290,5 k €	-6.8%	311,9 k €	+16.3%	268,2 k €	+13.7%	235,9 k €	+20.7%	195,5 k €	+7.2%	182,3 k €	-1.5%	185,1 k €
Cash	145,5 k €	-5.0%	153,2 k €	+54.8%	98,9 k €	-35.5%	153,4 k €	+35.8%	112,9 k €	+1.4%	111,4 k €	-26.5%	151,5 k €	+21.2%	124,9 k €	+22.7%	101,8 k €	-7.9%	110,6 k €	-13.0%	127,1 k €	+19.7%	106,2 k €	+41.4%	75,1 k €	-51.8%	155,6 k €	-21.4%	198 k €	+54.1%	128,4 k €	+10.5%	116,2 k €	+138%	48,9 k €	+143%	20,1 k €	+108%	9,7 k €
Debts	163,6 k €	-14.2%	190,6 k €	-12.1%	216,7 k €	+4.7%	207 k €	-3.1%	213,7 k €	-5.9%	227,1 k €	-1.6%	230,8 k €	-11.7%	261,4 k €	+3.2%	253,3 k €	-8.9%	278,1 k €	-3.5%	288,3 k €	-0.2%	288,9 k €	-0.9%	291,5 k €	+572%	43,4 k €	-33.7%	65,4 k €	-4.3%	68,3 k €	-5.9%	72,6 k €	-18.1%	88,7 k €	-11.2%	99,9 k €	-21.2%	126,8 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP		–		0,9 ETP		–		0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	+12.5%	0,8 ETP	+14.3%	0,7 ETP	0.0%	0,7 ETP	+40.0%	0,5 ETP	0.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Tharcisse NSENGIYUMVA

Director

Active

Ended mandates

Tharcisse NSENGIYUMVA

Manager

Ended

Annual accounts

Full financial information

	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	31/08/2026	30/09/2025	30/09/2024	30/08/2023	29/08/2022	30/11/2021
General meeting	05/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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
Abridged model	31/12/2025	05/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	30/09/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	30/11/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	01/10/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	07/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	21/09/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	03/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	04/06/2009	29/08/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	15/08/2008	French	PDF
Abridged model	31/12/2006	07/06/2007	28/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 1 ended

Active mandates

Tharcisse NSENGIYUMVA

Director

Active

Ended mandates

Tharcisse NSENGIYUMVA

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/08/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Other28/09/2005
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202519,8 k €↓
2024
Annual accounts 202446,9 k €↑
2023
Annual accounts 202313,8 k €↓
2022
Annual accounts 202239,5 k €↓
2021
Annual accounts 202140,6 k €↑
2020
Annual accounts 202015,9 k €↓
2019
Annual accounts 201947 k €↑
2018
Annual accounts 201818,2 k €↑
2017
Annual accounts 2017313,7 €↓
2016
Annual accounts 201618,1 k €↓
2015
Annual accounts 201539,7 k €↑
2014
Annual accounts 201433,4 k €↑
2013
Annual accounts 20135 k €↑
2012
Annual accounts 2012662,7 €↓
2011
Annual accounts 201146,1 k €↑
2010
Annual accounts 201036,6 k €↓
2009
Annual accounts 200956,5 k €↑
2008
Annual accounts 200824,4 k €↑
2007
Annual accounts 200724,1 k €↓
2006
Annual accounts 200645,9 k €
20/09/2005
IncorporationPrivate limited company

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

NSETHA

Overview

What does NSETHA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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