ACTIVE

Institut des Ursulines

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Financial year 2025 · closed on 31/12/2025

Net result

-259,5 k €

-699.5% YoY

Revenue

172,5 k €

-15.5% YoY

Equity

4,8 M €

-2.0% YoY

Workforce

172,0 ETP

+13.9% YoY

What does Institut des Ursulines do?

Institut des Ursulines is a Non-profit organization incorporated in 1955. Its main activity is: Security systems service activities. Its registered office is in Koekelberg. It employs on average 172,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0409.855.880

Incorporation

31/12/1955

Legal form

Non-profit organization

Registered office

Rue Jules Debecker 71
1081 Koekelberg · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

172,0 ETP

Activities (NACE)

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

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

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	172,5 k €	-15.5%	204,1 k €	-1.2%	206,6 k €	+21.5%	170 k €	-20.7%	214,5 k €	+21.5%	176,5 k €	-35.4%	273,3 k €	-3.2%	282,3 k €	+8.9%	259,2 k €	-3.9%	269,7 k €	-1.6%	274 k €	+9.5%	250,2 k €	+6.7%	234,6 k €	+6.1%	221,2 k €	+4.2%	212,2 k €	+1.4%	209,3 k €	+7.4%	194,9 k €	+3.1%	189 k €
EBITDA	94,6 k €	-56.5%	217,5 k €	-44.0%	388,3 k €	+69.6%	229 k €	-16.7%	275 k €	-44.1%	492 k €	+252%	139,7 k €	-25.7%	188 k €	-15.8%	223,2 k €	-15.4%	263,9 k €	+135%	112,3 k €	-25.0%	149,7 k €	-5.2%	157,8 k €	-18.5%	193,7 k €	+36.1%	142,3 k €	-36.8%	225,3 k €	+11.9%	201,3 k €	-5.2%	212,3 k €
Operating result	-227,5 k €	-137%	-95,9 k €	-213%	85 k €	+251%	-56,4 k €	-164%	88,5 k €	-75.2%	356,8 k €	+2848%	-13 k €	-138%	33,8 k €	+141%	-82,1 k €	-200%	82,5 k €	+210%	-75,1 k €	-255%	-21,1 k €	-161%	-8,1 k €	-126%	30,6 k €	+470%	-8,3 k €	-111%	74,8 k €	+34.9%	55,5 k €	-31.0%	80,4 k €
Net result	-259,5 k €	-699%	43,3 k €	-37.3%	69 k €	+195%	-72,4 k €	-198%	73,7 k €	-78.5%	342,3 k €	+1078%	-35 k €	-2008%	1,8 k €	-99.1%	203,2 k €	+238%	60 k €	+124%	-248,9 k €	-386%	-51,3 k €	-188%	-17,8 k €	-146%	39 k €	+333%	-16,8 k €	-128%	60,8 k €	+130%	26,4 k €	-33.3%	39,6 k €
Balance sheet
Equity	4,8 M €	-2.0%	4,9 M €	+4.8%	4,6 M €	+56.9%	3 M €	+5.0%	2,8 M €	+24.7%	2,3 M €	+17.3%	1,9 M €	-3.1%	2 M €	-0.4%	2 M €	+18.9%	1,7 M €	+2.2%	1,6 M €	-12.3%	1,9 M €	-1.6%	1,9 M €	-2.1%	1,9 M €	+15.4%	1,7 M €	+0.4%	1,7 M €	+3.3%	1,6 M €	+1.2%	1,6 M €
Total assets	6,5 M €	-0.1%	6,5 M €	+5.6%	6,1 M €	+40.2%	4,4 M €	+1.0%	4,3 M €	+22.8%	3,5 M €	+23.8%	2,8 M €	-0.9%	2,9 M €	-6.5%	3,1 M €	+9.8%	2,8 M €	-1.0%	2,8 M €	-1.7%	2,9 M €	+2.0%	2,8 M €	-0.5%	2,8 M €	+8.3%	2,6 M €	-3.1%	2,7 M €	-3.1%	2,8 M €	-1.0%	2,8 M €
Cash	349,4 k €	-21.8%	447 k €	+15.7%	386,2 k €	+147%	156,1 k €	+15.4%	135,3 k €	-72.5%	492,9 k €	+307%	121,2 k €	+84.2%	65,8 k €	-76.0%	273,9 k €	+47.9%	185,1 k €	-27.8%	256,4 k €	-23.4%	334,5 k €	-38.4%	542,8 k €	-26.0%	733,1 k €	+27.9%	573,4 k €	-5.4%	606,3 k €	+27.1%	476,9 k €	-12.5%	545 k €
Debts	1,4 M €	+2.1%	1,3 M €	+11.9%	1,2 M €	-2.9%	1,2 M €	-6.7%	1,3 M €	+17.0%	1,1 M €	+40.6%	805,2 k €	+2.0%	789,5 k €	-14.1%	919,5 k €	-9.6%	1 M €	-4.7%	1,1 M €	+19.1%	895,8 k €	+5.9%	845,9 k €	+4.8%	807,4 k €	-6.4%	862,9 k €	-9.5%	953,5 k €	-7.5%	1 M €	-6.5%	1,1 M €
Other
Workforce	172,0 ETP	+13.9%	151,0 ETP	-12.7%	173,0 ETP	+20.1%	144,0 ETP	+1.4%	142,0 ETP	+6.8%	133,0 ETP	0.0%	133,0 ETP	-8.3%	145,0 ETP	-15.2%	171,0 ETP	+14.0%	150,0 ETP	0.0%	150,0 ETP	0.0%	150,0 ETP	0.0%	150,0 ETP	-5.1%	158,0 ETP	+6.0%	149,0 ETP	+8.0%	138,0 ETP	-2.1%	141,0 ETP	-22.1%	181,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 35 ended

Active mandates

Boumedien Mokhtar

Director · since 28 mai 2025 · until 13 avril 2031

Active

Stéphane Allard

Director · since 07 décembre 2023 · until 13 avril 2031

Active

Bernadette Devillé

Director · since 20 novembre 2023 · until 13 avril 2031

Active

Gregory Adams

Director · since 20 novembre 2023 · until 13 avril 2031

Active

Christine Grisez

Director · since 12 juin 2018 · until 13 avril 2031

Active

Francine Doolaege

Director · since 01 janvier 2012 · until 13 avril 2031

Active

Hubert Chantrenne

Managing director · since 07 juin 2006 · until 13 avril 2026

Active

Janine Vergauwe

Managing director · since 13 mai 2003 · until 13 avril 2026

Active

Jean Vander Hoeden

Director · until 13 avril 2031

Active

Nicole Lewahert

Chairman of the board of directors · until 13 avril 2031

Active

Ended mandates

Bernadette Devillé

Director · since 20 novembre 2023 · until 30 juin 2029

Ended

Gregory Adams

Director · since 20 novembre 2023 · until 30 juin 2029

Ended

Jean vander Hoeden

Director · since 28 janvier 2020 · until 28 janvier 2025

Ended

Nicole Lawahert

Chairman of the board of directors · since 14 juin 2019 · until 30 juin 2025

Ended

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	30/06/2026	02/07/2025	19/09/2024	19/10/2023	21/06/2022	25/06/2021
General meeting	25/06/2026	24/06/2025	17/06/2024	19/06/2023	20/06/2022	21/06/2021
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	30/06/2026	French	PDF
Full model	31/12/2024	24/06/2025	02/07/2025	French	PDF
Full modelCorrection	31/12/2023	17/06/2024	19/09/2024	French	PDF
Full model	31/12/2023	17/06/2024	02/07/2024	French	PDF
Full modelCorrection	31/12/2022	19/06/2023	19/10/2023	French	PDF
Full model	31/12/2022	19/06/2023	23/06/2023	French	PDF
Full model	31/12/2021	20/06/2022	21/06/2022	French	PDF
Full model	31/12/2020	21/06/2021	25/06/2021	French	PDF
Full model	31/12/2019	22/09/2020	30/10/2020	French	PDF
Full model	31/12/2018	14/06/2019	05/07/2019	French	PDF
Full model	31/12/2017	12/06/2018	27/06/2018	French	PDF
Full model	31/12/2016	23/05/2017	30/06/2017	French	PDF
Full model	31/12/2015	24/05/2016	19/09/2016	French	PDF
Full model	31/12/2014	26/05/2015	03/06/2015	French	PDF
Full model	31/12/2013	20/05/2014	16/06/2014	French	PDF
Full model	31/12/2012	14/05/2013	16/05/2013	French	PDF
Full model	31/12/2011	15/05/2012	20/06/2012	French	PDF
Full model	31/12/2010	11/05/2011	12/05/2011	French	PDF
Full model	31/12/2009	19/05/2010	20/05/2010	French	PDF
Full modelCorrection	31/12/2008	13/05/2009	28/05/2009	French	PDF
Full model	31/12/2008	13/05/2009	20/05/2009	French	PDF
Full model	31/12/2007	21/05/2008	05/06/2008	French	PDF
Full model	31/12/2006	27/06/2007	05/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 10 active · 35 ended

Active mandates

Boumedien Mokhtar

Director · since 28 mai 2025 · until 13 avril 2031

Active

Stéphane Allard

Director · since 07 décembre 2023 · until 13 avril 2031

Active

Bernadette Devillé

Director · since 20 novembre 2023 · until 13 avril 2031

Active

Gregory Adams

Director · since 20 novembre 2023 · until 13 avril 2031

Active

Christine Grisez

Director · since 12 juin 2018 · until 13 avril 2031

Active

Francine Doolaege

Director · since 01 janvier 2012 · until 13 avril 2031

Active

Hubert Chantrenne

Managing director · since 07 juin 2006 · until 13 avril 2026

Active

Janine Vergauwe

Managing director · since 13 mai 2003 · until 13 avril 2026

Active

Jean Vander Hoeden

Director · until 13 avril 2031

Active

Nicole Lewahert

Chairman of the board of directors · until 13 avril 2031

Active

Ended mandates

Bernadette Devillé

Director · since 20 novembre 2023 · until 30 juin 2029

Ended

Gregory Adams

Director · since 20 novembre 2023 · until 30 juin 2029

Ended

Jean vander Hoeden

Director · since 28 janvier 2020 · until 28 janvier 2025

Ended

Nicole Lawahert

Chairman of the board of directors · since 14 juin 2019 · until 30 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates06/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2022
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates21/08/2018
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/08/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2015
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 2025-259,5 k €↓
2024
Annual accounts 202443,3 k €↓
2023
Annual accounts 202369 k €↑
2022
Annual accounts 2022-72,4 k €↓
2021
Annual accounts 202173,7 k €↓
2020
Annual accounts 2020342,3 k €↑
2019
Annual accounts 2019-35 k €↓
2018
Annual accounts 20181,8 k €↓
2017
Annual accounts 2017203,2 k €↑
2016
Annual accounts 201660 k €↑
2015
Annual accounts 2015-248,9 k €↓
2014
Annual accounts 2014-51,3 k €↓
2013
Annual accounts 2013-17,8 k €↓
2012
Annual accounts 201239 k €↑
2011
Annual accounts 2011-16,8 k €↓
2010
Annual accounts 201060,8 k €↑
2009
Annual accounts 200926,4 k €↓
2008
Annual accounts 200839,6 k €
31/12/1955
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

Institut des Ursulines

Overview

What does Institut des Ursulines do?

Trend over 18 financial years

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