ACTIVE

EQUINET

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Financial year 2025 · closed on 31/12/2025
Net result
7,2 k €
+155.6% YoY
Gross margin
1,2 M €
+16.9% YoY
Equity
32,6 k €
+28.3% YoY
Workforce
13,6 ETP
+2.3% YoY

What does EQUINET do?

EQUINET is a International non-profit organization incorporated in 2007. Its main activity is: Technical and vocational secondary education. Its registered office is in Saint-Gilles. It employs on average 13,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0890.383.784
Incorporation
27/06/2007
Legal form
International non-profit organization
Registered office
Place Victor Horta 40
1060 Saint-Gilles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
13,6 ETP
Activities (NACE)
85323Technical and vocational secondary education· main88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin1,2 M €1 M €824,9 k €827,6 k €733,6 k €682,4 k €534,8 k €524,1 k €525,7 k €486,4 k €449,3 k €375,2 k €392,2 k €
EBITDA32,8 k €-14,7 k €-9,8 k €-21,5 k €33,8 k €15,3 k €-204 €17,6 k €18,1 k €10,8 k €5,3 k €1,2 k €16,1 k €
Operating result28,2 k €-18,5 k €-15 k €-25,7 k €31,2 k €15,3 k €-204 €17,2 k €17,2 k €9,5 k €3,4 k €-461 €13,6 k €
Net result7,2 k €-12,9 k €-19,3 k €-17,5 k €28,9 k €15 k €-750 €16 k €18,1 k €9,9 k €2,9 k €-19 k €-10,3 k €
Balance sheet
Equity32,6 k €25,4 k €38,4 k €57,6 k €75,1 k €46,2 k €31,2 k €32 k €15,9 k €-2,2 k €-12,1 k €-15 k €4 k €
Total assets1,8 M €1,9 M €1,5 M €1,4 M €1,5 M €1,6 M €1,4 M €1,3 M €407,8 k €555,6 k €1,3 M €1,1 M €325,6 k €
Cash1,5 M €1,7 M €1,3 M €1,2 M €1,4 M €1,6 M €1,3 M €1,1 M €254,4 k €528,1 k €1,1 M €918,1 k €167,6 k €
Debts458,9 k €426 k €362,3 k €328,9 k €266,1 k €304,7 k €352,8 k €333 k €391,9 k €392,4 k €376,5 k €328 k €319,1 k €
Other
Workforce13,6 ETP13,3 ETP12,1 ETP11,4 ETP10,4 ETP9,8 ETP8,0 ETP8,2 ETP7,7 ETP7,1 ETP7,0 ETP6,2 ETP5,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 75 ended

Active mandates

Carla ELIANA DA COSTA TAVARES

Director · since 11 octobre 2023 · until 11 octobre 2025

Active
Christian VESKE

Director · since 11 octobre 2023 · until 11 octobre 2025

Active
Patrick Teddy Eric CHARLIER

Chairman of the board of directors · since 11 octobre 2023 · until 11 octobre 2025

Active
Sandra KONSTATZKY

Director · since 11 octobre 2023 · until 11 octobre 2025

Active
Tamas KADAR

Personne déléguée à la gestion journalière · since 11 octobre 2023

Active
Lykovardi KALLIOPI

Director · since 01 octobre 2023 · until 31 octobre 2025

Active
Kalliopi LYKOVARDI

Director · since 22 septembre 2022 · until 11 octobre 2025

Active
Lars ARRHENIUS

Director · since 09 novembre 2021 · until 11 octobre 2025

Active
Aarno HILTUNEN

Director · since 23 octobre 2019 · until 11 octobre 2025

Active
Miha LOBNIK

Director · since 23 octobre 2019 · until 11 octobre 2025

Active
Rhoda GARLAND

Director · since 23 octobre 2019 · until 11 octobre 2025

Active
Anne GASPARD

Personne déléguée à la gestion journalière · since 18 avril 2008

Active

Ended mandates

Kalliopi LYKOVARDI

Director · since 22 septembre 2022 · until 09 novembre 2023

Ended
Tamás KADAR

Personne déléguée à la gestion journalière · since 14 décembre 2021 · until 14 décembre 2023

Ended
Tamás KADAR

Personne déléguée à la gestion journalière · since 14 décembre 2021

Ended
Lars ARRHENIUS

Director · since 09 novembre 2021 · until 09 novembre 2023

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/07/202626/08/202505/08/202402/08/202327/07/202202/07/2021
General meeting16/06/202617/06/202530/06/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/06/202608/07/2026FrenchPDF
Abridged model31/12/202417/06/202526/08/2025FrenchPDF
Abridged model31/12/202330/06/202405/08/2024FrenchPDF
Abridged model31/12/202230/06/202302/08/2023FrenchPDF
Abridged model31/12/202130/06/202227/07/2022FrenchPDF
Abridged model31/12/202030/06/202102/07/2021FrenchPDF
Abridged model31/12/201930/06/202006/10/2020FrenchPDF
Abridged model31/12/201830/06/201922/07/2019FrenchPDF
Abridged model31/12/201730/06/201825/07/2018FrenchPDF
Abridged model31/12/201630/06/201731/07/2017FrenchPDF
Abridged model31/12/201530/06/201602/08/2016FrenchPDF
Abridged model31/12/201430/06/201511/08/2015FrenchPDF
Abridged model31/12/201330/06/201414/08/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 12 active · 75 ended

Active mandates

Carla ELIANA DA COSTA TAVARES

Director · since 11 octobre 2023 · until 11 octobre 2025

Active
Christian VESKE

Director · since 11 octobre 2023 · until 11 octobre 2025

Active
Patrick Teddy Eric CHARLIER

Chairman of the board of directors · since 11 octobre 2023 · until 11 octobre 2025

Active
Sandra KONSTATZKY

Director · since 11 octobre 2023 · until 11 octobre 2025

Active
Tamas KADAR

Personne déléguée à la gestion journalière · since 11 octobre 2023

Active
Lykovardi KALLIOPI

Director · since 01 octobre 2023 · until 31 octobre 2025

Active
Kalliopi LYKOVARDI

Director · since 22 septembre 2022 · until 11 octobre 2025

Active
Lars ARRHENIUS

Director · since 09 novembre 2021 · until 11 octobre 2025

Active
Aarno HILTUNEN

Director · since 23 octobre 2019 · until 11 octobre 2025

Active
Miha LOBNIK

Director · since 23 octobre 2019 · until 11 octobre 2025

Active
Rhoda GARLAND

Director · since 23 octobre 2019 · until 11 octobre 2025

Active
Anne GASPARD

Personne déléguée à la gestion journalière · since 18 avril 2008

Active

Ended mandates

Kalliopi LYKOVARDI

Director · since 22 septembre 2022 · until 09 novembre 2023

Ended
Tamás KADAR

Personne déléguée à la gestion journalière · since 14 décembre 2021 · until 14 décembre 2023

Ended
Tamás KADAR

Personne déléguée à la gestion journalière · since 14 décembre 2021

Ended
Lars ARRHENIUS

Director · since 09 novembre 2021 · until 09 novembre 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other25/11/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates04/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other06/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates06/04/2022
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/03/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/07/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/06/2016
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates25/03/2013
    DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    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

Timeline

  1. 2025
    Annual accounts 20257,2 k €↑
  2. 2024
    Annual accounts 2024-12,9 k €↑
  3. 2023
    Annual accounts 2023-19,3 k €↓
  4. 2022
    Annual accounts 2022-17,5 k €↓
  5. 2021
    Annual accounts 202128,9 k €↑
  6. 2020
    Annual accounts 202015 k €↑
  7. 2019
    Annual accounts 2019-750 €↓
  8. 2018
    Annual accounts 201816 k €↓
  9. 2017
    Annual accounts 201718,1 k €↑
  10. 2016
    Annual accounts 20169,9 k €↑
  11. 2015
    Annual accounts 20152,9 k €↑
  12. 2014
    Annual accounts 2014-19 k €↓
  13. 2013
    Annual accounts 2013-10,3 k €
  14. 27/06/2007
    IncorporationInternational non-profit organization