ACTIVE

IGL

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Financial year 2025 · Closed on 31/12/2025

Net result2,3 M €+44,0 %over 1 year

Revenue48,2 M €+5,1 %over 1 year

Equity33,3 M €+8,2 %over 1 year

Workforce529,5 ETP-1,3 %over 1 year

Identity

Source · BCE/KBO

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
Contributed capital: 1 238 031,32 €
Latest accounts: 31/12/2025
Average workforce: 529,5 ETP

Activities (NACE)

85311General secondary education· main 87202Residential care activities for mental retardation, mental health and substance abuse 87202Residential care activities for mental retardation, mental health and substance abuse 87201Residential care activities for mental retardation, mental health and substance abuse 87201Residential care activities for mental retardation, mental health and substance abuse 87303Residential care activities for the elderly and disabled+11

Contacts

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Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 47 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	4,4 M €	+75.3%	2,5 M €	-15.8%	3 M €	+24.5%	2,4 M €	-33.1%	3,6 M €
Operating result	2,3 M €	+32.0%	1,7 M €	+6484%	26,2 k €	-96.9%	835,9 k €	-58.4%	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 €
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 €
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 €
Cash	5,9 M €	+7.9%	5,5 M €	-51.2%	11,2 M €	-61.8%	29,3 M €	+163%	11,1 M €
Debts	31,3 M €	-1.8%	31,8 M €	-12.0%	36,2 M €	+1.0%	35,8 M €	+235%	10,7 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

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 181 ended

Active mandates

Hugo Bertels

Director · since 04 septembre 2025

Active

Frank Neven

Director · since 29 avril 2025

Active

An Caerts

Director · since 27 mars 2025

Active

Astrid Franssens

Director · since 27 mars 2025

Active

Ilias Mahassine

Director · since 27 mars 2025

Active

Jan Bynens

Director · since 27 mars 2025

Active

Katrien Cools

Director · since 27 mars 2025

Active

Liesbeth Maris

Director · since 27 mars 2025

Active

Marc Penxten

Director · since 27 mars 2025

Active

Nele Beckers

Chairman of the board of directors · since 27 mars 2025

Active

Peter Deltour

Director · since 27 mars 2025

Active

Veerle Schoenmaekers

Director · since 27 mars 2025

Active

Zohra Bouabdelli

Director · since 27 mars 2025

Active

Christel JORISSEN

Director · since 28 mars 2019

Active

Rosette Reyskens

Director · since 28 mars 2019

Active

Ended mandates

Anouck Raeymaekers

Director · since 27 mars 2025

Ended

Peter Prévot

Director · since 19 mai 2022 · until 27 mars 2025

Ended

Peter Prévot

Director · since 19 mai 2022

Ended

Rony Swerts

Director · since 17 juin 2021 · until 27 mars 2025

Ended

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	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 47 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	07/07/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	08/08/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	23/06/2022	24/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	24/06/2021	10/08/2021	Dutch	PDF
Full model	31/12/2020	24/06/2021	13/07/2021	Dutch	PDF
Full modelCorrection	31/12/2019	26/08/2020	06/10/2020	Dutch	PDF
Full model	31/12/2019	26/08/2020	21/09/2020	Dutch	PDF
Full modelCorrection	31/12/2018	26/06/2019	24/09/2019	Dutch	PDF
Full modelCorrection	31/12/2018	26/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2018	26/06/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	23/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	23/06/2016	19/07/2016	Dutch	PDF
Full model	31/12/2014	19/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	20/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	21/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	26/06/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	06/07/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	07/07/2009	Dutch	PDF
Full model	31/12/2007	20/06/2008	14/07/2008	Dutch	PDF
Full model	31/12/2006	22/06/2007	20/07/2007	Dutch	PDF
Full model	31/12/2005	23/06/2006	10/07/2006	Dutch	PDF
Full model	31/12/2004	24/06/2005	19/07/2005	Dutch	PDF
Full model	31/12/2003	25/06/2004	23/07/2004	Dutch	PDF
Full model	31/12/2002	20/06/2003	09/07/2003	Dutch	PDF
Full model	31/12/2001	31/05/2002	21/06/2002	Dutch	PDF
Full model	31/12/2000	31/05/2001	22/06/2001	Dutch	PDF
Full model	31/12/1999	26/05/2000	27/06/2000	Dutch	PDF
Full model	31/12/1998	28/05/1999	24/06/1999	Dutch	PDF
m930-p	31/12/1997	29/05/1998	24/06/1998	Dutch	—
m930-p	31/12/1996	30/06/1997	10/07/1997	Dutch	—
m930-p	31/12/1995	30/05/1996	18/06/1996	Dutch	—
m930-p	31/12/1994	29/05/1995	29/06/1995	Dutch	—
m930-p	31/12/1993	30/05/1994	22/06/1994	Dutch	—
m930-p	31/12/1992	24/05/1993	18/06/1993	Dutch	—
m930-p	31/12/1991	25/05/1992	25/06/1992	Dutch	—
m930-p	31/12/1990	28/05/1991	26/06/1991	Dutch	—
m930-p	31/12/1989	28/05/1990	02/07/1990	Dutch	—
m930-p	31/12/1988	29/05/1989	30/06/1989	Dutch	—
m930-p	31/12/1987	30/05/1988	17/06/1988	Dutch	—
m930-p	31/12/1986	25/05/1987	16/06/1987	Dutch	—
m930-p	31/12/1985	26/05/1986	05/06/1986	Dutch	—
m930-p	31/12/1984	20/05/1985	06/06/1985	English	—
m903-p	31/12/1983	28/05/1984	25/07/1984	English	—

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.

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

15 active · 181 ended

Active mandates

Hugo Bertels

Director · since 04 septembre 2025

Active

Frank Neven

Director · since 29 avril 2025

Active

An Caerts

Director · since 27 mars 2025

Active

Astrid Franssens

Director · since 27 mars 2025

Active

Ilias Mahassine

Director · since 27 mars 2025

Active

Jan Bynens

Director · since 27 mars 2025

Active

Katrien Cools

Director · since 27 mars 2025

Active

Liesbeth Maris

Director · since 27 mars 2025

Active

Marc Penxten

Director · since 27 mars 2025

Active

Nele Beckers

Chairman of the board of directors · since 27 mars 2025

Active

Peter Deltour

Director · since 27 mars 2025

Active

Veerle Schoenmaekers

Director · since 27 mars 2025

Active

Zohra Bouabdelli

Director · since 27 mars 2025

Active

Christel JORISSEN

Director · since 28 mars 2019

Active

Rosette Reyskens

Director · since 28 mars 2019

Active

Ended mandates

Anouck Raeymaekers

Director · since 27 mars 2025

Ended

Peter Prévot

Director · since 19 mai 2022 · until 27 mars 2025

Ended

Peter Prévot

Director · since 19 mai 2022

Ended

Rony Swerts

Director · since 17 juin 2021 · until 27 mars 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other29/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other17/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/10/2022
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 20252,3 M €↑
04/09/2025
nominationHugo Bertels — bestuurder
26/06/2025
nominationMathieu Meers — commissaris-revisor
26/06/2025
nominationFrank Neven — bestuurder
03/04/2025
nominationBeckers Nele — voorzitter
27/03/2025
nominationBeckers Nele — bestuurder
27/03/2025
nominationBouabdelli Zohra — bestuurder
27/03/2025
nominationBynens Jan — bestuurder
27/03/2025
nominationCaerts An — bestuurder
27/03/2025
nominationCools Katrien — bestuurder
27/03/2025
nominationDeltour Peter — bestuurder
27/03/2025
nominationFeytons Jo — bestuurder
27/03/2025
nominationFranssens Astrid — bestuurder
27/03/2025
nominationJorissen Christel — bestuurder
27/03/2025
nominationMahassine Ilias — bestuurder
27/03/2025
nominationMaris Liesbeth — bestuurder
27/03/2025
nominationPenxten Marc — bestuurder
27/03/2025
nominationRaeymaekers Anouck — bestuurder
27/03/2025
nominationReyskens Rozette — bestuurder
27/03/2025
nominationSchoenmaekers Veerle — bestuurder
27/03/2025
nominationBaerts Raf — bestuurder met raadgevende stem
27/03/2025
nominationVossen Guido — bestuurder met raadgevende stem
27/03/2025
nominationVrancken Marleen — bestuurder met raadgevende stem
27/03/2025
nominationCrijns Birgit — bestuurder met raadgevende stem
2024
Annual accounts 20241,6 M €↑
04/09/2024
nominationMathieu Meers — vaste vertegenwoordiger van CVBA Foederer DFK Bedrijfsrevisoren, commissaris
2023
Annual accounts 202346 k €↓
2022
Annual accounts 2022805,2 k €↓
20/10/2022
nominationGuido Vossen — bestuurder met raadgevende stem
19/05/2022
nominationPeter Prévot — bestuurder
2022
Name changeIGL
01/01/2022
reconductionFoederer DFK Bedrijfsrevisoren BV o.v.v.e. CVBA — revisor
2021
Annual accounts 20212,4 M €↓
2021
Name changeIntercommunale vereniging voor hulp aan gehandicapten in Limburg
2020
Annual accounts 20203,3 M €↑
2019
Annual accounts 20193,1 M €↑
2018
Annual accounts 20181,7 M €↑
2017
Annual accounts 2017711,6 k €↑
2016
Annual accounts 2016-263,5 k €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014677,2 k €↑
2013
Annual accounts 2013176,3 k €↓
2012
Annual accounts 2012629,9 k €↓
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,6 M €↑
2009
Annual accounts 2009978,9 k €↑
2008
Annual accounts 2008-611,1 k €
06/05/1967
IncorporationProject leader organization, Flemish Region

IGL

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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