IGL
0201.310.929 · rovalta.com · 23/09/2026
ACTIVE
IGL
Financial year 2025 · closed on 31/12/2025
Net result
2,3 M €
+44.0% YoY
Revenue
48,2 M €
+5.1% YoY
Equity
33,3 M €
+8.2% YoY
Workforce
529,5 ETP
-1.3% YoY
Overview
What does IGL do?
IGL is a Project leader organization, Flemish Region incorporated in 1967. Its main activity is: General secondary education. Its registered office is in Genk. It employs on average 529,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0201.310.929
Incorporation
06/05/1967
Legal form
Project leader organization, Flemish Region
Registered office
Klotstraat 125
3600 Genk · FlandreSee on map
3600 Genk · FlandreSee on map
Contributed capital
1 238 031,32 €
Latest accounts
31/12/2025
Average workforce
529,5 ETP
Activities (NACE)
85311General secondary education· main87202Residential care activities for mental retardation, mental health and substance abuse87202Residential care activities for mental retardation, mental health and substance abuse87201Residential care activities for mental retardation, mental health and substance abuse87201Residential care activities for mental retardation, mental health and substance abuse87303Residential care activities for the elderly and disabled+11
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 48,2 M € | +5.1% | 45,8 M € | +3.1% | 44,4 M € | +3.7% | 42,8 M € | +14.7% | 37,4 M € | +2.9% | 36,3 M € | +3.3% | 35,1 M € | -0.0% | 35,1 M € | +5.6% | 33,3 M € | +2.8% | 32,4 M € | +2.0% | 31,7 M € | +2.3% | 31 M € | +2.4% | 30,3 M € | +2.4% | 29,6 M € | +4.1% | 28,4 M € | +4.5% | 27,2 M € | +2.9% | 26,4 M € | +4.0% | 25,4 M € |
| EBITDA | 4,4 M € | +75.3% | 2,5 M € | -15.8% | 3 M € | +24.5% | 2,4 M € | -33.1% | 3,6 M € | -16.4% | 4,3 M € | +12.1% | 3,8 M € | +56.2% | 2,5 M € | +86.2% | 1,3 M € | +1020% | 117,7 k € | -94.7% | 2,2 M € | +86.3% | 1,2 M € | +56.9% | 754,4 k € | -29.5% | 1,1 M € | -28.8% | 1,5 M € | -29.1% | 2,1 M € | +86.7% | 1,1 M € | +2145% | -55,6 k € |
| Operating result | 2,3 M € | +32.0% | 1,7 M € | +6484% | 26,2 k € | -96.9% | 835,9 k € | -58.4% | 2 M € | -31.1% | 2,9 M € | +4.8% | 2,8 M € | +135% | 1,2 M € | +797% | 132,3 k € | +113% | -1 M € | -207% | 978,1 k € | +6544% | 14,7 k € | +103% | -430,6 k € | -144% | -176,6 k € | -154% | 325,6 k € | -66.0% | 959 k € | +4608% | 20,4 k € | +102% | -1,2 M € |
| Net result | 2,3 M € | +44.0% | 1,6 M € | +3371% | 46 k € | -94.3% | 805,2 k € | -66.8% | 2,4 M € | -25.8% | 3,3 M € | +6.3% | 3,1 M € | +78.4% | 1,7 M € | +142% | 711,6 k € | +370% | -263,5 k € | -116% | 1,6 M € | +141% | 677,2 k € | +284% | 176,3 k € | -72.0% | 629,9 k € | -45.1% | 1,1 M € | -29.2% | 1,6 M € | +65.6% | 978,9 k € | +260% | -611,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 33,3 M € | +8.2% | 30,8 M € | +5.7% | 29,1 M € | +12.9% | 25,8 M € | +3.4% | 24,9 M € | +16.1% | 21,5 M € | +16.3% | 18,5 M € | +14.7% | 16,1 M € | +14.8% | 14 M € | +20.7% | 11,6 M € | -5.0% | 12,2 M € | +11.7% | 10,9 M € | +2.9% | 10,6 M € | -1.7% | 10,8 M € | +1.5% | 10,7 M € | +7.3% | 9,9 M € | +14.2% | 8,7 M € | +7.9% | 8,1 M € |
| Total assets | 65,3 M € | +2.3% | 63,8 M € | -5.7% | 67,7 M € | +6.9% | 63,3 M € | +66.0% | 38,2 M € | +8.7% | 35,1 M € | +9.1% | 32,2 M € | +5.4% | 30,5 M € | +32.0% | 23,1 M € | +14.8% | 20,1 M € | +13.1% | 17,8 M € | +2.5% | 17,4 M € | +3.4% | 16,8 M € | -3.5% | 17,4 M € | -70.0% | 58 M € | +2.8% | 56,4 M € | -19.9% | 70,5 M € | +7.1% | 65,9 M € |
| Cash | 5,9 M € | +7.9% | 5,5 M € | -51.2% | 11,2 M € | -61.8% | 29,3 M € | +163% | 11,1 M € | +57.2% | 7,1 M € | +10.3% | 6,4 M € | -45.4% | 11,8 M € | +24.9% | 9,4 M € | -2.2% | 9,6 M € | +35.1% | 7,1 M € | +38.3% | 5,2 M € | +1318% | 363,6 k € | +73.6% | 209,5 k € | +80.3% | 116,2 k € | -60.4% | 293,5 k € | -62.2% | 776,4 k € | +109% | 370,8 k € |
| Debts | 31,3 M € | -1.8% | 31,8 M € | -12.0% | 36,2 M € | +1.0% | 35,8 M € | +235% | 10,7 M € | -5.9% | 11,4 M € | -4.8% | 11,9 M € | -4.3% | 12,5 M € | +79.5% | 6,9 M € | -2.3% | 7,1 M € | +61.4% | 4,4 M € | -11.1% | 5 M € | -7.9% | 5,4 M € | -5.0% | 5,7 M € | -87.9% | 46,7 M € | +1.8% | 45,9 M € | -25.1% | 61,3 M € | +7.5% | 57 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 529,5 ETP | -1.3% | 536,6 ETP | +0.8% | 532,6 ETP | -0.3% | 534,2 ETP | +5.5% | 506,2 ETP | -1.4% | 513,3 ETP | +1.5% | 505,5 ETP | +0.4% | 503,7 ETP | -0.9% | 508,3 ETP | -0.3% | 509,7 ETP | -0.2% | 510,9 ETP | +0.2% | 510,0 ETP | +0.8% | 505,8 ETP | -1.2% | 512,0 ETP | +2.6% | 499,0 ETP | +1.0% | 494,0 ETP | +1.5% | 486,8 ETP | +0.5% | 484,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 15 active · 181 ended
Active mandates
Hugo Bertels
ActiveFrank Neven
ActiveAn Caerts
ActiveAstrid Franssens
ActiveIlias Mahassine
ActiveJan Bynens
ActiveKatrien Cools
ActiveLiesbeth Maris
ActiveMarc Penxten
ActiveNele Beckers
ActivePeter Deltour
ActiveVeerle Schoenmaekers
ActiveZohra Bouabdelli
ActiveChristel JORISSEN
ActiveRosette Reyskens
ActiveEnded mandates
Anouck Raeymaekers
EndedPeter Prévot
EndedPeter Prévot
EndedRony Swerts
EndedFinancials
Annual accounts
Full financial information
| 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 | 07/07/2026 | 01/07/2025 | 08/08/2024 | 26/06/2023 | 24/06/2022 | 10/08/2021 |
| General meeting | 25/06/2026 | 26/06/2025 | 27/06/2024 | 22/06/2023 | 23/06/2022 | 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
47 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 25/06/2026 | 07/07/2026 | Dutch | |
| Full model | 31/12/2024 | 26/06/2025 | 01/07/2025 | Dutch | |
| Full model | 31/12/2023 | 27/06/2024 | 08/08/2024 | Dutch | |
| Full model | 31/12/2022 | 22/06/2023 | 26/06/2023 | Dutch | |
| Full model | 31/12/2021 | 23/06/2022 | 24/06/2022 | Dutch | |
| Full modelCorrection | 31/12/2020 | 24/06/2021 | 10/08/2021 | Dutch | |
| Full model | 31/12/2020 | 24/06/2021 | 13/07/2021 | Dutch | |
| Full modelCorrection | 31/12/2019 | 26/08/2020 | 06/10/2020 | Dutch | |
| Full model | 31/12/2019 | 26/08/2020 | 21/09/2020 | Dutch | |
| Full modelCorrection | 31/12/2018 | 26/06/2019 | 24/09/2019 | Dutch | |
| Full modelCorrection | 31/12/2018 | 26/06/2019 | 29/07/2019 | Dutch | |
| Full model | 31/12/2018 | 26/06/2019 | 27/06/2019 | Dutch | |
| Full model | 31/12/2017 | 22/06/2018 | 27/06/2018 | Dutch | |
| Full model | 31/12/2016 | 23/06/2017 | 03/07/2017 | Dutch | |
| Full model | 31/12/2015 | 23/06/2016 | 19/07/2016 | Dutch | |
| Full model | 31/12/2014 | 19/06/2015 | 07/07/2015 | Dutch | |
| Full model | 31/12/2013 | 20/06/2014 | 01/07/2014 | Dutch | |
| Full model | 31/12/2012 | 21/06/2013 | 25/06/2013 | Dutch | |
| Full model | 31/12/2011 | 22/06/2012 | 26/06/2012 | Dutch | |
| Full model | 31/12/2010 | 24/06/2011 | 12/07/2011 | Dutch | |
| Full model | 31/12/2009 | 25/06/2010 | 06/07/2010 | Dutch | |
| Full model | 31/12/2008 | 26/06/2009 | 07/07/2009 | Dutch | |
| Full model | 31/12/2007 | 20/06/2008 | 14/07/2008 | Dutch | |
| Full model | 31/12/2006 | 22/06/2007 | 20/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 15 active · 181 ended
Active mandates
Hugo Bertels
ActiveFrank Neven
ActiveAn Caerts
ActiveAstrid Franssens
ActiveIlias Mahassine
ActiveJan Bynens
ActiveKatrien Cools
ActiveLiesbeth Maris
ActiveMarc Penxten
ActiveNele Beckers
ActivePeter Deltour
ActiveVeerle Schoenmaekers
ActiveZohra Bouabdelli
ActiveChristel JORISSEN
ActiveRosette Reyskens
ActiveEnded mandates
Anouck Raeymaekers
EndedPeter Prévot
EndedPeter Prévot
EndedRony Swerts
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates26/01/2026ONTSLAGEN - BENOEMINGEN
- Mandates03/11/2025ONTSLAGEN - BENOEMINGEN
- Other29/07/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
- Mandates15/07/2025ONTSLAGEN - BENOEMINGEN
- Mandates29/10/2024ONTSLAGEN - BENOEMINGEN
- Mandates14/12/2022ONTSLAGEN - BENOEMINGEN
- Other17/10/2022STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates17/10/2022ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20252,3 M €↑
- 04/09/2025nominationHugo Bertels — bestuurder
- 26/06/2025nominationMathieu Meers — commissaris-revisor
- 26/06/2025nominationFrank Neven — bestuurder
- 03/04/2025nominationBeckers Nele — voorzitter
- 27/03/2025nominationBeckers Nele — bestuurder
- 27/03/2025nominationBouabdelli Zohra — bestuurder
- 27/03/2025nominationBynens Jan — bestuurder
- 27/03/2025nominationCaerts An — bestuurder
- 27/03/2025nominationCools Katrien — bestuurder
- 27/03/2025nominationDeltour Peter — bestuurder
- 27/03/2025nominationFeytons Jo — bestuurder
- 27/03/2025nominationFranssens Astrid — bestuurder
- 27/03/2025nominationJorissen Christel — bestuurder
- 27/03/2025nominationMahassine Ilias — bestuurder
- 27/03/2025nominationMaris Liesbeth — bestuurder
- 27/03/2025nominationPenxten Marc — bestuurder
- 27/03/2025nominationRaeymaekers Anouck — bestuurder
- 27/03/2025nominationReyskens Rozette — bestuurder
- 27/03/2025nominationSchoenmaekers Veerle — bestuurder
- 27/03/2025nominationBaerts Raf — bestuurder met raadgevende stem
- 27/03/2025nominationVossen Guido — bestuurder met raadgevende stem
- 27/03/2025nominationVrancken Marleen — bestuurder met raadgevende stem
- 27/03/2025nominationCrijns Birgit — bestuurder met raadgevende stem
- 2024Annual accounts 20241,6 M €↑
- 04/09/2024nominationMathieu Meers — vaste vertegenwoordiger van CVBA Foederer DFK Bedrijfsrevisoren, commissaris
- 2023Annual accounts 202346 k €↓
- 2022Annual accounts 2022805,2 k €↓
- 20/10/2022nominationGuido Vossen — bestuurder met raadgevende stem
- 19/05/2022nominationPeter Prévot — bestuurder
- 2022Name changeIGL
- 01/01/2022reconductionFoederer DFK Bedrijfsrevisoren BV o.v.v.e. CVBA — revisor
- 2021Annual accounts 20212,4 M €↓
- 2021Name changeIntercommunale vereniging voor hulp aan gehandicapten in Limburg
- 2020Annual accounts 20203,3 M €↑
- 2019Annual accounts 20193,1 M €↑
- 2018Annual accounts 20181,7 M €↑
- 2017Annual accounts 2017711,6 k €↑
- 2016Annual accounts 2016-263,5 k €↓
- 2015Annual accounts 20151,6 M €↑
- 2014Annual accounts 2014677,2 k €↑
- 2013Annual accounts 2013176,3 k €↓
- 2012Annual accounts 2012629,9 k €↓
- 2011Annual accounts 20111,1 M €↓
- 2010Annual accounts 20101,6 M €↑
- 2009Annual accounts 2009978,9 k €↑
- 2008Annual accounts 2008-611,1 k €
- 06/05/1967IncorporationProject leader organization, Flemish Region