ACTIVE

VITAZ

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Financial year 2025 · Closed on 31/12/2025

Net result12,9 M €+14,6 %over 1 year

Revenue474,7 M €+4,3 %over 1 year

Equity181,9 M €+6,9 %over 1 year

Workforce2 227,4 ETP+0,9 %over 1 year

Identity

Source · BCE/KBO

VITAZ is a Non-profit organization incorporated in 2006. Its main activity is: Pre-primary education. Its registered office is in Sint-Niklaas. It employs on average 2 227,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0881.291.322
Incorporation: 12/05/2006
Legal form: Non-profit organization
Registered office: Moerlandstraat 1
9100 Sint-Niklaas · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 2 227,4 ETP

Activities (NACE)

85110Pre-primary education· main 86101Hospital activities 86101Hospital activities 56220Event catering and other food service activities 56290Other food service activities 68204Rental and operating of own or leased real estate+5

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 13 financial years

	2025		2024		2017		2016		2015
Income statement
Revenue	474,7 M €	+4.3%	455 M €	+72.0%	264,6 M €	+2.2%	258,8 M €	+2.8%	251,8 M €
EBITDA	29,6 M €	+8.3%	27,3 M €	+37.9%	19,8 M €	+3.2%	19,2 M €	-17.6%	23,3 M €
Operating result	10,8 M €	+16.6%	9,3 M €	+143%	3,8 M €	-20.5%	4,8 M €	-40.4%	8,1 M €
Net result	12,9 M €	+14.6%	11,2 M €	+678%	1,4 M €	-63.1%	3,9 M €	-1.4%	4 M €
Balance sheet
Equity	181,9 M €	+6.9%	170,2 M €	+42.9%	119,1 M €	-0.7%	119,9 M €	+2.3%	117,2 M €
Total assets	380,4 M €	+1.2%	375,8 M €	+17.4%	320,1 M €	-0.0%	320,2 M €	+6.0%	302,1 M €
Cash	40,5 M €	+74.4%	23,2 M €	+248%	6,7 M €	+36.2%	4,9 M €	-44.0%	8,7 M €
Debts	182,4 M €	-2.2%	186,4 M €	+10.3%	169,1 M €	-1.6%	171,8 M €	+6.6%	161,2 M €
Other
Workforce	2 227,4 ETP	+0.9%	2 207,0 ETP	+26.9%	1 739,1 ETP	+3.6%	1 678,8 ETP	+2.0%	1 646,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 32 ended

Active mandates

Bart Merckx

Mandate

Active

Claessens Patricia

Mandate

Active

De Caluwe Robby

Mandate

Active

De Meyer Jos

Mandate

Active

Filip Boelaert

Mandate

Active

Geert Vercauteren

Mandate

Active

Ivo Duysburgh

Mandate

Active

Koen Michiels

Mandate

Active

Luc De Block

Mandate

Active

Nina Van der Sypt

Mandate

Active

Van Den Poel Carl

Mandate

Active

Vermeire Tom

Mandate

Active

Volkaert Pieter-Jan

Mandate

Active

Ended mandates

VEERLE VAN HELSLAND

Director · since 04 mars 2016

Ended

LUC DE BLOCK

Director · since 04 février 2016

Ended

KOEN MICHIELS HEALTH CARE MANAGEMENT

Managing director · since 07 janvier 2010 · 0821.855.165

Represented by KOEN MICHIELS

Ended

ANTON MOORTGAT

Director

Ended

Other companies at this address

Moerlandstraat 1 9100 Sint-Niklaas

Company	CBE no.
Abdo Nikolaas● Active	0723.591.096
Burgerlijke Maatschap ANENIS● Active	0655.989.323
CMF Research and Teaching Center● Active	0682.925.728
Dienst NKO Sint-Niklaas● Active	0826.596.980
Dokters MKA Waasland● Active	0525.825.023
GROEP VAAT THORAX HEELKUNDE● Active	0825.878.784
Maatschap Urologie Waasland● Active	0895.939.510
Van Buyten - Smet – Jerjir● Active	0538.566.764
VZW Team Vitaz● Active	0664.917.380
Zydeco● Active	0860.330.711

Full financial information

Source · NBB

	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	16/07/2026	15/07/2025	22/07/2024	18/07/2023	11/07/2022	20/07/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	29/06/2023	30/06/2022	24/06/2021
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, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	16/07/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	22/07/2024	Dutch	PDF
Full model	31/12/2022	29/06/2023	18/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	04/07/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	04/07/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	25/09/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	09/07/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	16/06/2011	20/07/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	06/08/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	03/07/2009	Dutch	PDF
Full model	31/12/2007	05/06/2008	29/07/2008	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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

13 active · 32 ended

Active mandates

Bart Merckx

Mandate

Active

Claessens Patricia

Mandate

Active

De Caluwe Robby

Mandate

Active

De Meyer Jos

Mandate

Active

Filip Boelaert

Mandate

Active

Geert Vercauteren

Mandate

Active

Ivo Duysburgh

Mandate

Active

Koen Michiels

Mandate

Active

Luc De Block

Mandate

Active

Nina Van der Sypt

Mandate

Active

Van Den Poel Carl

Mandate

Active

Vermeire Tom

Mandate

Active

Volkaert Pieter-Jan

Mandate

Active

Ended mandates

VEERLE VAN HELSLAND

Director · since 04 mars 2016

Ended

LUC DE BLOCK

Director · since 04 février 2016

Ended

KOEN MICHIELS HEALTH CARE MANAGEMENT

Managing director · since 07 janvier 2010 · 0821.855.165

Represented by KOEN MICHIELS

Ended

ANTON MOORTGAT

Director

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/08/2026
Herbenoeming revisor boekjaren 2024 - 2026
PDF
Mandates18/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other08/11/2022
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2019
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 202512,9 M €↑
26/06/2025
nominationSarah Willockx — lid Algemene Vergadering
26/06/2025
nominationLuc De Block — Ondervoorzitter van de Algemene Vergadering
26/06/2025
nominationBart Merckx — Secretaris-penningmeester van de Algemene Vergadering
26/06/2025
nominationFilip Boelaert — stemgerechtigde vertegenwoordiger van de deelgenoten-bestuurders
26/06/2025
nominationIvo Duysburgh — stemgerechtigde vertegenwoordiger van de deelgenoten-bestuurders
03/04/2025
nominationGaby Bogaert — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationPatricia Claessens — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationLuc De Block — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationKoen Michiels — gedelegeerd bestuurder
03/04/2025
nominationHerman Nys — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationMurielle Thienpont — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationCarl Van den Poel — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationGeert Vercauteren — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationJos De Meyer — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationSarah Willockx — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationPieter-Jan Volkaert — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationTom Vermeire — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationKoen Mertens — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationNina Van der Sypt — vertegenwoordiger van de deelgenoten-bestuurder
03/04/2025
nominationRobby De Caluwe — vertegenwoordiger van de deelgenoten-bestuurder
2024
Annual accounts 202411,2 M €↑
2024
Name changeVITAZ
2017
Annual accounts 20171,4 M €↓
2017
Name changeVerenigde Ziekenhuizen van Waas en Durme
2016
Annual accounts 20163,9 M €↓
2015
Annual accounts 20154 M €↓
2014
Annual accounts 20148,5 M €↑
2013
Annual accounts 20131,4 M €↓
2012
Annual accounts 20124 M €↑
2011
Annual accounts 20112,7 M €↓
2010
Annual accounts 20103 M €↑
2009
Annual accounts 200962,4 k €↓
2008
Annual accounts 20083,1 M €↑
2007
Annual accounts 2007630,8 k €
2007
Name changeALGEMEEN ZIEKENHUIS NIKOLAAS
12/05/2006
IncorporationNon-profit organization

VITAZ

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