Financials
Financial year 2025
INITIATIVES POUR UNE FORMATION EFFICACE from Liège, company number BE0433491614, closed financial year 2025 with a result of € 1,024 after tax. For that financial year INITIATIVES POUR UNE FORMATION EFFICACE recorded revenue of € 110,976 and equity of € 222,329. Compared with financial year 2024, the result moved from € 4,867 to € 1,024. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 222,329
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,024
▼ 79% vs 2024
Profit after tax over the fiscal year.
€ 57,055
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
10.9
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 558,290
▲ 8% vs 2024
€ 51,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 650
▲ 101% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 73,280
▲ 12% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 0 | - | - | € 110,976 | |
| Gross margin | € 565,396 | € 515,555 | € 512,965 | € 552,532 | ▲ 8% |
| Profit after taxes | € 1,805 | € 2,214 | € 4,867 | € 1,024 | ▼ 79% |
| Equity | € 214,223 | € 216,437 | € 221,304 | € 222,329 | |
| Total debts | € 67,975 | € 54,152 | € 66,037 | € 73,991 | ▲ 12% |
| Cash | € 39,254 | € 68,198 | € 85,837 | € 57,055 | ▼ 34% |
| Land & buildings | € 9,435 | € 8,087 | € 6,739 | € 5,391 | ▼ 20% |
| Retained profit | € 213,913 | € 216,127 | € 220,994 | € 222,019 | |
| Balance sheet total | € 430,337 | € 407,875 | € 402,360 | € 402,495 | |
| Employees (FTE) | 10.1 | 10.1 | 10.2 | 10.9 | ▲ 0.7 |
Key figures of INITIATIVES POUR UNE FORMATION EFFICACE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INITIATIVES POUR UNE FORMATION EFFICACE?
What happened at INITIATIVES POUR UNE FORMATION EFFICACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,024 (▼ 79% vs 2024). Source: NBB ↗
- Laurence PIRON became a director. NBB
- Isabelle BRAGARD became a director. NBB
- Daniéle BAYERS became a director. NBB
- Cécile DESSART became a director. NBB
- Salim MEGHERBI became a director. NBB
- Etienne SOTTIAUX became a director. NBB
- New establishment in Liège. KBO
In short
From € 1,805 profit in 2022 to € 1,024 profit in 2025.
Paid € 100 in corporate taxes since 2022.
Best year ever: 2024, with € 4,867 profit.
On average € 50,700 of value added per employee in 2025.
Management
Behind INITIATIVES POUR UNE FORMATION EFFICACE are Isabelle BRAGARD, Daniéle BAYERS, Etienne SOTTIAUX, Cécile DESSART, Laurence PIRON and Catherine VAN GYSEGEM. Daniéle BAYERS is also behind Centre de Recherches des Instituts Groupés de la Haute Ecole Libre Mosane, Incubateur Jobs@Skills - Structure Collective d'Enseignement supérieur Liège-Luxembourg and Haute Ecole Libre Mosane. Cécile DESSART is also behind HELMo Link and Haute Ecole Libre Mosane.
Directors
According to the 2025 annual accounts
Isabelle BRAGARD
Managing director
since 2023
Daniéle BAYERS
Director
Also active at: Centre de Recherches des Instituts Groupés de la Haute Ecole Libre Mosane, Incubateur Jobs@Skills - Structure Collective d'Enseignement supérieur Liège-Luxembourg, Haute Ecole Libre Mosane
since 2023
Etienne SOTTIAUX
Director
since 2013
since 2023
Laurence PIRON
Chairman of the board
Also active at: Centre de Recherches des Instituts Groupés de la Haute Ecole Libre Mosane, Haute Ecole Libre Mosane
since 2024
Catherine VAN GYSEGEM
Director
since 2009
Salim MEGHERBI
Director
Also active at: Ecoles primaires et maternelles libres de Chaudfontaine, HELMo Link
since 2023
Establishments
Establishment units
Physical locations of this company
Mont Saint-Martin 45
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.491.614
- VAT number
- BE 0433.491.614
- Registered office
- Mont Saint-Martin 45, 4000 Liège
- Names & denominations
- INITIATIVES POUR UNE FORMATION EFFICACE · Inforef
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 22 May 1987
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Beroepsopleiding
Volwassenenvorming
Ontwerpen van computerprogramma’s
Grafisch ontwerp en visuele communicatie
Overige diensten op het gebied van informatietechnologie en computer