ACTIVE

AZORG

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Financial year 2025 · Closed on 31/12/2025

Net result-5,1 M €
Revenue824,9 M €
Equity273,3 M €
Workforce3 786,7 ETP

Identity

Source · BCE/KBO

AZORG is a Non-profit organization incorporated in 2024. Its main activity is: Hospital activities. Its registered office is in Aalst. It employs on average 3 786,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 1005.154.085
Incorporation
24/01/2024
Legal form
Non-profit organization
Registered office
Moorselbaan 164
9300 Aalst · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
3 786,7 ETP
Joint committees (1)
  • 330
Signals
Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 1 filing

Trend over 1 financial year

2025
Income statement
Revenue824,9 M €
EBITDA27,6 M €
Operating result-8,2 M €
Net result-5,1 M €
Balance sheet
Equity273,3 M €
Total assets691,2 M €
Cash12,4 M €
Debts411,9 M €
Other
Workforce3 786,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

10 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Augustinus Van den Bossche
Mandate
Christoph D'Haese
Mandate
DOKTER M.P.P. ROSSEEL0461.170.464Represented by Michaël Rosseel
Mandate
ELEYAS0544.389.635Represented by Jozef Leysen
Mandate
Geert Standaert
Mandate
Jan Vander Stichele
Mandate
LUC DE VOS0476.968.695Represented by Luc De Vos
Mandate
MAKOMA CONSULT0644.973.982Represented by Geert Vandenbroucke
Mandate
Patrick De Baets
Mandate
Rurik Van Landuyt
Mandate

Other companies at this address

Moorselbaan 164 9300 Aalst
CompanyCBE no.
Aalst Center for Oral and Maxillofacial Surgery● Active
1017.929.183
Algemene Heelkunde AZORG● Active
1017.519.607
Associatie Anesthesie - Intensieve Zorg - Pijnkliniek AZORG● Active
1022.351.789
Associatie Endocrinologie AZORG● Active
1019.698.840
Associatie Plastische Heelkunde Aalst - Asse - Ninove● Active
0760.768.525
Associatie Vaat- en thoraxheelkunde OLV-ziekenhuis Aalst-Asse-Ninove● Active
0769.516.143
Aurida● Active
1044.448.686
Azorg-ASZ● Active
0686.624.891
Beheersvennootschap O.L.Vrouwziekenhuis Aalst● Active
0865.982.940
CARDIAC RESEARCH INSTITUTE● Active
0629.850.791
CARDIO INVEST● Active
1018.122.292
Cardiovascular Research Center Aalst● Active
0470.425.452
Centrale Inning AZORG● Active
0775.987.330
Dienst Gynaecologie-verloskunde OLV Aalst● Active
0725.796.065
FV ASSOCIATIE FYSISCHE GENEESKUNDE & REVALIDATIE● Active
0673.662.030
Gastro-Enterologie AZORG● Active
1023.116.012
Hartcentrum Aalst● Active
1013.658.017
Levilo Health● Active
1017.107.752
Maatschap Pool Cardio● Active
0690.860.031
NEUROCHIRURGIE● Active
0473.063.555

Full financial information

Source · NBB
2025
Type of accountFull model
Start of the financial year01/01/2025
Closing of the financial year31/12/2025
Length of the financial year12 months
Filing date03/07/2026
General meeting30/06/2026
Currency of the financial yearEUR
NBB quality labelSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 1 filing
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202603/07/2026DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

10 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Augustinus Van den Bossche
Mandate
Christoph D'Haese
Mandate
DOKTER M.P.P. ROSSEEL0461.170.464Represented by Michaël Rosseel
Mandate
ELEYAS0544.389.635Represented by Jozef Leysen
Mandate
Geert Standaert
Mandate
Jan Vander Stichele
Mandate
LUC DE VOS0476.968.695Represented by Luc De Vos
Mandate
MAKOMA CONSULT0644.973.982Represented by Geert Vandenbroucke
Mandate
Patrick De Baets
Mandate
Rurik Van Landuyt
Mandate

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/12/2025
    Benoeming van de commissaris voor vzw AZORG voor 2025/2026/2027
    PDF
  • Mandates21/01/2025
    benoeming dagelijks bestuur
    PDF
  • Other23/12/2024
    Inbreng om niet van een algemeenheid
    PDF
  • Other25/10/2024
    Neerlegging voorstel tot inbreng om niet van algemeenheden
    PDF
  • Other22/10/2024
    |. Statutenwijziging
    PDF
  • Other26/01/2024
    OPRICHTING
    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
Filings1 filing
Mandates
DOKTER M.P.P. ROSSEEL
LUC DE VOS
ELEYAS
MAKOMA CONSULT
Christoph D'Haese
Jan Vander Stichele
Geert Standaert
Augustinus Van den Bossche
Patrick De Baets
Rurik Van Landuyt
202420252026
AZORG
Moorselbaan 164, 9300 Aalst
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Moorselbaan 164, 9300 AalstCurrent
accounts 2025
Accounts 2025 · 2026-00257199

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
AZORGCurrent
accounts 2025
Accounts 2025 · 2026-00257199

Events

  1. 2025
    Annual accounts 2025-5,1 M €
  2. 24/01/2024
    IncorporationNon-profit organization