ACTIVE

FONDATION TOURNAY-SOLVAY

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Financial year 2025 · Closed on 31/12/2025

Net result486,5 k €-0,9 %over 1 year
Revenue7,2 M €+1,7 %over 1 year
Equity14,4 M €+2,2 %over 1 year
Workforce75,6 ETP-0,8 %over 1 year

Identity

Source · BCE/KBO

FONDATION TOURNAY-SOLVAY is a Public utility foundation incorporated in 1961. Its main activity is: General secondary education. Its registered office is in Bouillon. It employs on average 75,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0408.373.760
Incorporation
10/04/1961
Legal form
Public utility foundation
Registered office
Rue des Hautes Voies 35
6830 Bouillon · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
75,6 ETP
Joint committees (1)
  • 330
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 14 filings

Trend over 13 financial years

20252024202320222021
Income statement
Revenue7,2 M €7 M €6,8 M €6,1 M €5 M €
EBITDA1,1 M €1,1 M €588,2 k €778,3 k €422 k €
Operating result372,6 k €362,2 k €-124 k €82,2 k €-266,7 k €
Net result486,5 k €491 k €-8,7 k €149,4 k €-125,2 k €
Balance sheet
Equity14,4 M €14,1 M €13,7 M €13,9 M €13,9 M €
Total assets17,7 M €17,9 M €18,5 M €18,7 M €19,3 M €
Cash690,6 k €1,1 M €532,3 k €225,7 k €290,9 k €
Debts3 M €3,5 M €4,4 M €4,5 M €5,1 M €
Other
Workforce75,6 ETP76,2 ETP75,9 ETP74,3 ETP69,5 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

11 active · 51 ended

Active mandates

Antoine AUBURTIN

Director · since 09 mars 2026 · until 09 mars 2029

Active
BENOIT COPPEE

Administrateur honoraire · since 09 mars 2026 · until 09 mars 2032

Active
Charles PONCELET

Director · since 09 mars 2026 · until 09 mars 2029

Active
Paul VANDERHOEVEN

Administrateur honoraire · since 09 mars 2026 · until 09 mars 2032

Active
Arnould DELLA FAILLE

Director · since 05 mai 2025 · until 05 mai 2031

Active
Dominique EICKHOF

Chairman of the board of directors · since 29 juin 2023 · until 29 juin 2029

Active
Philippe TOURNAY

Director · since 29 juin 2023 · until 29 juin 2029

Active
Hélène SOLVAY

Administratrice · since 14 décembre 2022 · until 14 décembre 2028

Active
Luc PIRSON

Director · since 14 décembre 2022 · until 14 décembre 2028

Active
Denis SOLVAY

Director · since 08 juin 2021 · until 08 juin 2027

Active
Patrick SOLVAY

Director · since 08 juin 2021 · until 08 juin 2027

Active

Ended mandates

Hélène SOLVAY

Director · since 14 décembre 2022 · until 30 juin 2028

Ended
Luc PIRSON

Director · since 14 décembre 2022 · until 30 juin 2028

Ended
Paul VANDERHOEVEN

Director · since 05 avril 2022 · until 30 juin 2028

Ended
Stéphanie MALHERBE

Personne déléguée à la gestion journalière · since 23 septembre 2021 · until 30 juin 2027

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/07/202627/06/202527/08/202429/08/202326/08/202229/06/2021
General meeting22/06/202605/05/202504/06/202428/06/202307/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202522/06/202620/07/2026FrenchPDF
Full model31/12/202405/05/202527/06/2025FrenchPDF
Full model31/12/202304/06/202427/08/2024FrenchPDF
Full model31/12/202228/06/202329/08/2023FrenchPDF
Full model31/12/202107/06/202226/08/2022FrenchPDF
Full model31/12/202008/06/202129/06/2021FrenchPDF
Full model31/12/201926/06/202024/07/2020FrenchPDF
Full model31/12/201817/05/201907/06/2019FrenchPDF
Abridged model31/12/201721/06/201822/06/2018FrenchPDF
Abridged model31/12/201623/06/201727/06/2017FrenchPDF
Abridged model31/12/201507/06/201617/06/2016FrenchPDF
Abridged model31/12/201419/05/201520/05/2015FrenchPDF
Abridged modelCorrection31/12/201329/04/201419/09/2014FrenchPDF
Abridged model31/12/201329/04/201405/05/2014FrenchPDF

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

11 active · 51 ended

Active mandates

Antoine AUBURTIN

Director · since 09 mars 2026 · until 09 mars 2029

Active
BENOIT COPPEE

Administrateur honoraire · since 09 mars 2026 · until 09 mars 2032

Active
Charles PONCELET

Director · since 09 mars 2026 · until 09 mars 2029

Active
Paul VANDERHOEVEN

Administrateur honoraire · since 09 mars 2026 · until 09 mars 2032

Active
Arnould DELLA FAILLE

Director · since 05 mai 2025 · until 05 mai 2031

Active
Dominique EICKHOF

Chairman of the board of directors · since 29 juin 2023 · until 29 juin 2029

Active
Philippe TOURNAY

Director · since 29 juin 2023 · until 29 juin 2029

Active
Hélène SOLVAY

Administratrice · since 14 décembre 2022 · until 14 décembre 2028

Active
Luc PIRSON

Director · since 14 décembre 2022 · until 14 décembre 2028

Active
Denis SOLVAY

Director · since 08 juin 2021 · until 08 juin 2027

Active
Patrick SOLVAY

Director · since 08 juin 2021 · until 08 juin 2027

Active

Ended mandates

Hélène SOLVAY

Director · since 14 décembre 2022 · until 30 juin 2028

Ended
Luc PIRSON

Director · since 14 décembre 2022 · until 30 juin 2028

Ended
Paul VANDERHOEVEN

Director · since 05 avril 2022 · until 30 juin 2028

Ended
Stéphanie MALHERBE

Personne déléguée à la gestion journalière · since 23 septembre 2021 · until 30 juin 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates12/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other09/03/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates13/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other01/09/2022
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates21/03/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/11/2019
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025486,5 k €↓
  2. 2024
    Annual accounts 2024491 k €↑
  3. 2023
    Annual accounts 2023-8,7 k €↓
  4. 2022
    Annual accounts 2022149,4 k €↑
  5. 2021
    Annual accounts 2021-125,2 k €↑
  6. 2020
    Annual accounts 2020-174,7 k €↓
  7. 2019
    Annual accounts 2019250 k €↑
  8. 2018
    Annual accounts 2018-32,5 k €↓
  9. 2017
    Annual accounts 2017180,8 k €↑
  10. 2017
    Name changeFONDATION TOURNAY-SOLVAY
  11. 2016
    Annual accounts 2016-1,8 k €↓
  12. 2015
    Annual accounts 2015175,8 k €↓
  13. 2014
    Annual accounts 2014386,7 k €↑
  14. 2013
    Annual accounts 2013219,3 k €
  15. 2013
    Name changeFONDATION RESIDENCE TOURNAY-SOLVAY
  16. 10/04/1961
    IncorporationPublic utility foundation