ACTIVE

Institut Marie-Thérèse asbl

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Financial year 2025 · Closed on 31/12/2025

Net result452,7 k €+7,1 %over 1 year

Revenue371,8 k €-4,4 %over 1 year

Equity7,3 M €+5,7 %over 1 year

Workforce8,0 ETP+3,9 %over 1 year

Identity

Source · BCE/KBO

Institut Marie-Thérèse asbl is a Non-profit organization incorporated in 1955. Its main activity is: Security systems service activities. Its registered office is in Liège. It employs on average 8,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0402.408.656
Incorporation: 15/12/1955
Legal form: Non-profit organization
Registered office: Rue Delfosse 25
4000 Liège · WallonieSee on map
Latest accounts: 31/12/2025
Average workforce: 8,0 ETP

Activities (NACE)

80224Security systems service activities· main 85324Technical and vocational secondary education 85324Technical and vocational secondary education

Joint committees (3)

152
15202
225

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	371,8 k €	-4.4%	389 k €	+6.7%	364,4 k €	+65.2%	220,7 k €	+34.1%	164,6 k €
EBITDA	903,7 k €	+7.4%	841,1 k €	-18.7%	1 M €	+15.3%	897,2 k €	+16.3%	771,5 k €
Operating result	454 k €	+12.1%	405,1 k €	-33.6%	610,4 k €	+25.7%	485,4 k €	+38.8%	349,6 k €
Net result	452,7 k €	+7.1%	422,7 k €	-29.1%	596,6 k €	+28.9%	462,8 k €	+42.6%	324,5 k €
Balance sheet
Equity	7,3 M €	+5.7%	6,9 M €	+17.7%	5,9 M €	+13.0%	5,2 M €	+8.7%	4,8 M €
Total assets	9,9 M €	+3.0%	9,6 M €	+12.7%	8,5 M €	+16.0%	7,3 M €	+5.5%	7 M €
Cash	141,8 k €	-85.8%	999,6 k €	-40.8%	1,7 M €	-9.7%	1,9 M €	-16.5%	2,2 M €
Debts	2,5 M €	-3.5%	2,6 M €	+1.1%	2,6 M €	+23.9%	2,1 M €	-1.9%	2,1 M €
Other
Workforce	8,0 ETP	+3.9%	7,7 ETP	+1.3%	7,6 ETP	-2.6%	7,8 ETP	-1.3%	7,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 10 ended

Active mandates

Josiane LHOEST

Director · since 01 décembre 2025 · until 30 novembre 2028

Active

Marie-Françoise DENGIS

Director · since 01 décembre 2025 · until 30 novembre 2028

Active

Alain VIRLEE

Chairman of the board of directors

Active

Jeannine WILKIN

Director

Active

Joseph LEMPEREUR

Director

Active

Michel VANSTALLE

Director

Active

Myriam LEROY

Director

Active

Véronique RIFFON

Director

Active

Ended mandates

Myriam LEROY

Director · since 08 novembre 2018 · until 30 novembre 2019

Ended

Alain BRAIBANT

Director

Ended

Alain VIRLEE

Director

Ended

Bernadette FRANSQUET

Director

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	16/06/2026	10/06/2025	09/07/2024	23/06/2023	15/06/2022	29/06/2021
General meeting	19/05/2026	13/05/2025	06/06/2024	23/05/2023	12/05/2022	01/06/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	16/06/2026	French	PDF
Full model	31/12/2024	13/05/2025	10/06/2025	French	PDF
Full model	31/12/2023	06/06/2024	09/07/2024	French	PDF
Full model	31/12/2022	23/05/2023	23/06/2023	French	PDF
Full model	31/12/2021	12/05/2022	15/06/2022	French	PDF
Full model	31/12/2020	01/06/2021	29/06/2021	French	PDF
Full model	31/12/2019	28/08/2020	11/09/2020	French	PDF
Full model	31/12/2018	03/04/2019	03/05/2019	French	PDF
Full modelCorrection	31/12/2017	26/03/2018	26/04/2018	French	PDF
Full model	31/12/2017	26/03/2018	26/04/2018	French	PDF
Full model	31/12/2016	18/04/2017	16/05/2017	French	PDF
Full model	31/12/2015	18/04/2016	27/05/2016	French	PDF
Full model	31/12/2014	30/03/2015	08/05/2015	French	PDF
Full model	31/12/2013	31/03/2014	02/05/2014	French	PDF
Full model	31/12/2012	25/03/2013	19/04/2013	French	PDF
Full model	31/12/2011	29/03/2012	27/04/2012	French	PDF
Full model	31/12/2010	04/04/2011	10/05/2011	French	PDF
Full model	31/12/2009	04/05/2010	28/05/2010	French	PDF
Full model	31/12/2008	19/03/2009	05/05/2009	French	PDF
Full model	31/12/2007	18/03/2008	17/04/2008	French	PDF
Full model	31/12/2006	27/03/2007	02/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

8 active · 10 ended

Active mandates

Josiane LHOEST

Director · since 01 décembre 2025 · until 30 novembre 2028

Active

Marie-Françoise DENGIS

Director · since 01 décembre 2025 · until 30 novembre 2028

Active

Alain VIRLEE

Chairman of the board of directors

Active

Jeannine WILKIN

Director

Active

Joseph LEMPEREUR

Director

Active

Michel VANSTALLE

Director

Active

Myriam LEROY

Director

Active

Véronique RIFFON

Director

Active

Ended mandates

Myriam LEROY

Director · since 08 novembre 2018 · until 30 novembre 2019

Ended

Alain BRAIBANT

Director

Ended

Alain VIRLEE

Director

Ended

Bernadette FRANSQUET

Director

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates14/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/01/2020
DEMISSIONS, NOMINATIONS
PDF
Other18/04/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates21/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2018
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025452,7 k €↑
2024
Annual accounts 2024422,7 k €↓
2023
Annual accounts 2023596,6 k €↑
2022
Annual accounts 2022462,8 k €↑
2021
Annual accounts 2021324,5 k €↓
2020
Annual accounts 2020424,4 k €↑
2019
Annual accounts 2019316,6 k €↑
2018
Annual accounts 2018253,2 k €↑
2017
Annual accounts 2017160,1 k €↓
2016
Annual accounts 2016184 k €↑
2015
Annual accounts 201512,3 k €↓
2014
Annual accounts 2014150 k €↑
2013
Annual accounts 201359,7 k €↓
2012
Annual accounts 2012136,2 k €↓
2011
Annual accounts 2011152,2 k €↑
2010
Annual accounts 2010119 k €↑
2009
Annual accounts 2009112,2 k €↓
2008
Annual accounts 2008155,3 k €↑
2007
Annual accounts 2007117 €
15/12/1955
IncorporationNon-profit organization

Institut Marie-Thérèse asbl

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