ACTIVE

ASBL EPHEC-GALILEE

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Financial year 2025 · closed on 31/12/2025

Net result

4,8 M €

+48.0% YoY

Revenue

4,2 M €

+4.7% YoY

Equity

64,1 M €

+8.0% YoY

Workforce

122,8 ETP

+33.6% YoY

What does ASBL EPHEC-GALILEE do?

ASBL EPHEC-GALILEE is a Non-profit organization incorporated in 1969. Its main activity is: Investigation activities. Its registered office is in Woluwe-Saint-Lambert. It employs on average 122,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0409.458.972

Incorporation

10/04/1969

Legal form

Non-profit organization

Registered office

Avenue Konrad Adenauer 3
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

122,8 ETP

Activities (NACE)

80304Investigation activities· main 85402Higher education 85422Tertiary education

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2017		2016		2013		2010		2009		2008
Income statement
Revenue	4,2 M €	+4.7%	4 M €	+7.8%	3,7 M €	+16.2%	3,2 M €	+9.2%	2,9 M €	+1.2%	2,9 M €	+10.0%	2,6 M €	-36.0%	4,1 M €	+15.0%	3,6 M €	+17.3%	3,1 M €	+7.6%	2,8 M €	+3.6%	2,7 M €
EBITDA	8 M €	+34.7%	5,9 M €	+29.9%	4,6 M €	+3.3%	4,4 M €	+10.7%	4 M €	+49.9%	2,7 M €	+28.9%	2,1 M €	-15.6%	2,4 M €	+9.9%	2,2 M €	+72.8%	1,3 M €	+5.5%	1,2 M €	-4.4%	1,3 M €
Operating result	5,5 M €	+53.1%	3,6 M €	+26.5%	2,8 M €	-10.3%	3,1 M €	+3.5%	3 M €	+63.5%	1,9 M €	+43.4%	1,3 M €	-22.4%	1,7 M €	+15.0%	1,5 M €	+139%	607,8 k €	+7.1%	567,5 k €	-11.9%	643,8 k €
Net result	4,8 M €	+48.0%	3,2 M €	+2.9%	3,1 M €	+0.3%	3,1 M €	+3.0%	3 M €	+63.7%	1,8 M €	+37.1%	1,3 M €	-17.8%	1,6 M €	-0.3%	1,6 M €	+95.9%	840,6 k €	-13.6%	972,9 k €	+16.9%	832,6 k €
Balance sheet
Equity	64,1 M €	+8.0%	59,3 M €	+5.7%	56,1 M €	+75.1%	32,1 M €	+10.7%	28,9 M €	+12.4%	25,8 M €	+31.4%	19,6 M €	+7.4%	18,2 M €	+36.3%	13,4 M €	+45.4%	9,2 M €	+10.0%	8,4 M €	+13.2%	7,4 M €
Total assets	100,5 M €	+5.1%	95,6 M €	+8.8%	87,9 M €	+100.0%	43,9 M €	+23.9%	35,5 M €	+9.7%	32,3 M €	+34.0%	24,1 M €	+5.7%	22,8 M €	+2.9%	22,2 M €	+25.7%	17,6 M €	+7.6%	16,4 M €	+4.3%	15,7 M €
Cash	18,6 M €	-2.8%	19,1 M €	-19.6%	23,8 M €	+62.4%	14,7 M €	-4.5%	15,4 M €	-3.5%	15,9 M €	+28.5%	12,4 M €	+13.4%	10,9 M €	+102%	5,4 M €	-9.2%	6 M €	+42.7%	4,2 M €	+102%	2,1 M €
Debts	30,3 M €	-0.0%	30,3 M €	+16.7%	26 M €	+230%	7,9 M €	+165%	3 M €	-7.9%	3,2 M €	+90.2%	1,7 M €	-55.0%	3,8 M €	-52.8%	8 M €	+6.6%	7,5 M €	+3.9%	7,2 M €	-3.7%	7,5 M €
Other
Workforce	122,8 ETP	+33.6%	91,9 ETP	+60.4%	57,3 ETP	+32.0%	43,4 ETP	+4.6%	41,5 ETP	+8.4%	38,3 ETP	+17.8%	32,5 ETP	+13.2%	28,7 ETP	+22.1%	23,5 ETP	-14.2%	27,4 ETP	-6.8%	29,4 ETP	-2.0%	30,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 39 ended

Active mandates

Guido Peiffer

Director · since 18 février 2026 · until 18 février 2030

Active

Danielle CARON

Director · since 18 février 2025 · until 18 février 2030

Active

Emmanuelle Havrenne

Director · since 18 février 2025 · until 18 février 2030

Active

Françoise BERTIEAUX-CHRISTIANE

Director · since 18 février 2025 · until 18 février 2030

Active

Alain GILBERT

Chairman of the board of directors · since 12 juin 2023 · until 12 juin 2028

Active

Alexandre Deschuymere

Director · since 12 juin 2023 · until 12 juin 2028

Active

Bernard PERSOONS

Director · since 12 juin 2023 · until 12 juin 2028

Active

Jean-Marc PAJOT

Director · since 12 juin 2023 · until 12 juin 2028

Active

Luc Zomers

Director · since 12 juin 2023 · until 12 juin 2028

Active

Pierre SMETS

Director · since 12 juin 2023 · until 12 juin 2028

Active

Pol Lardinois

Director · since 12 juin 2023 · until 12 juin 2028

Active

Godefroid Cartuyvels

Director · since 27 juin 2022 · until 27 juin 2027

Active

Marc Crohain

Director · since 27 juin 2022 · until 27 juin 2027

Active

Ended mandates

Emmanuelle HAVRENNE

Director · since 12 février 2025 · until 12 février 2030

Ended

Alexandre DESCHUYMERE

Director · since 12 juin 2023

Ended

Bernard PERSOONS

Director · since 12 juin 2023

Ended

Luc ZOMERS

Director · since 12 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Association des étudiants de l'EPHEC● Active	0469.041.421
Prix EPHEC du meilleur travail de fin d'études● Active	0680.742.931

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	26/06/2026	26/06/2025	12/06/2024	16/06/2023	28/06/2022	24/06/2021
General meeting	23/06/2026	10/06/2025	11/06/2024	12/06/2023	27/06/2022	23/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	26/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	26/06/2025	French	PDF
Full model	31/12/2023	11/06/2024	12/06/2024	French	PDF
Full model	31/12/2022	12/06/2023	16/06/2023	French	PDF
Full model	31/12/2021	27/06/2022	28/06/2022	French	PDF
Full model	31/12/2020	23/06/2021	24/06/2021	French	PDF
Full model	31/12/2019	27/05/2020	15/06/2020	French	PDF
Full model	31/12/2018	22/05/2019	28/05/2019	French	PDF
Full model	31/12/2017	23/05/2018	07/06/2018	French	PDF
Full model	31/12/2016	31/05/2017	08/06/2017	French	PDF
Full model	31/12/2015	15/06/2016	16/06/2016	French	PDF
Full model	31/08/2014	10/12/2014	12/12/2014	French	PDF
Full model	31/08/2013	04/12/2013	09/12/2013	French	PDF
Full model	31/08/2012	05/12/2012	14/12/2012	French	PDF
Full model	31/08/2011	07/12/2011	15/12/2011	French	PDF
Full model	31/08/2010	01/12/2010	08/12/2010	French	PDF
Full modelCorrection	31/08/2009	25/11/2009	29/01/2010	French	PDF
Full model	31/08/2009	25/11/2009	14/12/2009	French	PDF
Full model	31/08/2008	26/11/2008	15/12/2008	French	PDF
Full model	31/08/2007	14/11/2007	06/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 39 ended

Active mandates

Guido Peiffer

Director · since 18 février 2026 · until 18 février 2030

Active

Danielle CARON

Director · since 18 février 2025 · until 18 février 2030

Active

Emmanuelle Havrenne

Director · since 18 février 2025 · until 18 février 2030

Active

Françoise BERTIEAUX-CHRISTIANE

Director · since 18 février 2025 · until 18 février 2030

Active

Alain GILBERT

Chairman of the board of directors · since 12 juin 2023 · until 12 juin 2028

Active

Alexandre Deschuymere

Director · since 12 juin 2023 · until 12 juin 2028

Active

Bernard PERSOONS

Director · since 12 juin 2023 · until 12 juin 2028

Active

Jean-Marc PAJOT

Director · since 12 juin 2023 · until 12 juin 2028

Active

Luc Zomers

Director · since 12 juin 2023 · until 12 juin 2028

Active

Pierre SMETS

Director · since 12 juin 2023 · until 12 juin 2028

Active

Pol Lardinois

Director · since 12 juin 2023 · until 12 juin 2028

Active

Godefroid Cartuyvels

Director · since 27 juin 2022 · until 27 juin 2027

Active

Marc Crohain

Director · since 27 juin 2022 · until 27 juin 2027

Active

Ended mandates

Emmanuelle HAVRENNE

Director · since 12 février 2025 · until 12 février 2030

Ended

Alexandre DESCHUYMERE

Director · since 12 juin 2023

Ended

Bernard PERSOONS

Director · since 12 juin 2023

Ended

Luc ZOMERS

Director · since 12 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/12/2024
DEMISSIONS, NOMINATIONS
PDF
Other10/09/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other17/06/2024
DIVERS
PDF
Other01/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring10/11/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

18/02/2026
nominationPEIFFER Guido — administrateur
2025
Annual accounts 20254,8 M €↑
10/06/2025
reconductionChristophe COLSON — Commissaire réviseur
18/02/2025
nominationCARON Danielle — administratrice
18/02/2025
nominationHAVRENNE Emmanuelle — administratrice
18/02/2025
nominationBERTIEAUX Françoise — administratrice
2024
Annual accounts 20243,2 M €↑
01/10/2024
nominationGILBERT Alain — Président
01/10/2024
nominationHAVRENNE Emmanuelle — Administratrice
01/10/2024
nominationPUTZEYS Nicolas — Directeur financier et des infrastructures pour l'ASBL
01/10/2024
nominationCERVESATO Cynthia — Directrice de l'organisation et du personnel des services généraux pour la Haute Ecole
01/10/2024
nominationAnne-Cécile JEANDRAIN — Directrice du personnel enseignant et des affaires étudiantes
2024
Name changeASBL EPHEC-GALILEE
2023
Annual accounts 20233,1 M €↑
14/09/2023
apport
12/06/2023
reconductionPAJOT Jean-Marc — Administrateur
12/06/2023
reconductionGILBERT Alain — Administrateur
12/06/2023
nominationDESCHUYMERE Alexandre — Administrateur
12/06/2023
nominationLARDINOIS Pol — Administrateur
12/06/2023
nominationPERSOONS Bernard — Administrateur
12/06/2023
nominationSMETS Pierre — Administrateur
12/06/2023
nominationZOMERS Luc — Administrateur
11/01/2023
nominationCARTUYVELS Pierre Godefroid — administrateur
2022
Annual accounts 20223,1 M €↑
27/06/2022
reconductionCROHAIN Marc — administrateur
27/06/2022
reconductionChristophe COLSON — Commissaire Réviseur
2021
Annual accounts 20213 M €↑
2020
Annual accounts 20201,8 M €↑
2017
Annual accounts 20171,3 M €↓
2016
Annual accounts 20161,6 M €↓
2013
Annual accounts 20131,6 M €↑
2010
Annual accounts 2010840,6 k €↓
2009
Annual accounts 2009972,9 k €↑
2008
Annual accounts 2008832,6 k €
2008
Name changeEcole Pratique des Hautes Etudes Commerciales
10/04/1969
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ASBL EPHEC-GALILEE

Overview

What does ASBL EPHEC-GALILEE do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

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