Haute Ecole ICHEC - ECAM - ISFSC
0459.634.993 · rovalta.com · 09/11/2026
ACTIVE
Haute Ecole ICHEC - ECAM - ISFSC
Financial year 2025 · Closed on 31/12/2025
Net result1,5 M €-46,7 %over 1 year
Revenue4,2 M €-4,0 %over 1 year
Equity19,3 M €+8,2 %over 1 year
Workforce66,8 ETP+8,3 %over 1 year
Overview
Identity
Source · BCE/KBOHaute Ecole ICHEC - ECAM - ISFSC is a Non-profit organization incorporated in 1996. Its main activity is: Higher education. Its registered office is in Woluwe-Saint-Pierre. It employs on average 66,8 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0459.634.993
- Incorporation
- 30/10/1996
- Legal form
- Non-profit organization
- Registered office
- Boulevard Brand Whitlock 6
1150 Woluwe-Saint-Pierre · BruxellesSee on map - Latest accounts
- 31/12/2025
- Average workforce
- 66,8 ETP
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 23 filingsTrend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 4,2 M € | -4.0% | 4,4 M € | +5.3% | 4,2 M € | +0.8% | 4,1 M € | +5.1% | 3,9 M € |
| EBITDA | 2,7 M € | -30.4% | 3,8 M € | +9.2% | 3,5 M € | +21.5% | 2,9 M € | -7.6% | 3,1 M € |
| Operating result | 1,4 M € | -46.6% | 2,7 M € | +9.5% | 2,4 M € | +26.2% | 1,9 M € | -13.4% | 2,2 M € |
| Net result | 1,5 M € | -46.7% | 2,8 M € | +12.1% | 2,5 M € | +44.9% | 1,7 M € | -19.6% | 2,1 M € |
| Balance sheet | |||||||||
| Equity | 19,3 M € | +8.2% | 17,9 M € | +18.3% | 15,1 M € | +19.4% | 12,7 M € | +15.5% | 11 M € |
| Total assets | 35,4 M € | +7.5% | 33 M € | +9.1% | 30,2 M € | +3.4% | 29,3 M € | +7.3% | 27,3 M € |
| Cash | 5,8 M € | +44.6% | 4 M € | -50.7% | 8,1 M € | -4.6% | 8,5 M € | +57.1% | 5,4 M € |
| Debts | 12,3 M € | -4.1% | 12,8 M € | -2.6% | 13,2 M € | -7.2% | 14,2 M € | -1.2% | 14,4 M € |
| Other | |||||||||
| Workforce | 66,8 ETP | +8.3% | 61,7 ETP | 0.0% | 61,7 ETP | -0.6% | 62,1 ETP | +10.5% | 56,2 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202520 active · 102 ended
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
AURELIEN REMACLE | Director14/09/2025 → 13/09/2026 | ||
BORIS VERHAEGEN | Director14/09/2023 → 13/09/2026 | ||
CANDICE GUILLAUME | Director14/09/2024 → 13/09/2026 | ||
DANIELLE PETO | Director14/09/2025 → 13/09/2029 | ||
Diandra LAHAEYE | Director14/09/2025 → 13/09/2026 | ||
ISABELLE CRUYSMANS | Director14/09/2025 → 13/09/2029 | ||
MATHILDE FOX | Director14/09/2022 → 13/09/2029 | ||
MAXIME STEISEL | Director14/09/2023 → 13/09/2029 | ||
MIKAEL DHEN | Director14/09/2023 → 13/09/2029 | ||
NATHALIE CHATZIDIMITRIOU | Director14/09/2024 → 13/09/2026 | ||
NELLE REUNIS | Director14/09/2025 → 13/09/2026 | ||
Patrick VANVINCKENROYE | Director26/02/2013 → 13/09/2029 | ||
SANDRINE DAVID | Director14/09/2023 → 13/09/2029 | ||
GUILLAUME MASSANGE | Director14/09/2024 → 13/09/2027 | ||
MARTINE BAYENS | Director14/09/2024 → 13/09/2027 | ||
AGNES DELTENRE | Director14/09/2023 → 13/09/2027 | ||
Carl VANDOORNE | Director11/06/2015 → 13/09/2027Vice-chairman of the board of directors2014 accountsended | ||
Etienne DAVIGNON | Chairman of the board of directors09/10/2014 → 13/09/2027 | ||
MICHEL DEFOURNY | Director14/09/2023 → 13/09/2027 | ||
Olivier VANDOOREN | Director14/09/2019 → 13/09/2027 |
Ended mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
CLEMENCE FLEMAL | Director14/09/2024 → 2024 accounts | ||
ELISA TUZKAN | Director14/09/2024 → 2024 accounts | ||
JEREMY FIDELAK | Director14/09/2024 → 2024 accounts | ||
VICTORIA THAUVOYE | Director14/09/2024 → 2024 accounts |
Financials
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 | 09/07/2026 | 25/06/2025 | 11/07/2024 | 04/07/2023 | 11/07/2022 | 06/07/2021 |
| General meeting | 23/06/2026 | 23/06/2025 | 27/06/2024 | 22/06/2023 | 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 23 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 23/06/2026 | 09/07/2026 | French | |
| Full model | 31/12/2024 | 23/06/2025 | 25/06/2025 | French | |
| Full model | 31/12/2023 | 27/06/2024 | 11/07/2024 | French | |
| Full model | 31/12/2022 | 22/06/2023 | 04/07/2023 | French | |
| Full model | 31/12/2021 | 27/06/2022 | 11/07/2022 | French | |
| Full model | 31/12/2020 | 23/06/2021 | 06/07/2021 | French | |
| Full modelCorrection | 31/12/2019 | 02/07/2020 | 28/09/2020 | French | |
| Full model | 31/12/2019 | 02/07/2020 | 06/07/2020 | French | |
| Full model | 31/12/2018 | 25/06/2019 | 11/07/2019 | French | |
| Full model | 31/12/2017 | 26/06/2018 | 09/07/2018 | French | |
| Full modelCorrection | 31/12/2016 | 29/05/2017 | 22/08/2017 | French | |
| Full model | 31/12/2016 | 29/05/2017 | 26/06/2017 | French | |
| Full modelCorrection | 31/12/2015 | 02/06/2016 | 22/08/2017 | French | |
| Full model | 31/12/2015 | 02/06/2016 | 16/06/2016 | French | |
| Full model | 31/12/2014 | 11/06/2015 | 25/06/2015 | French | |
| Full model | 31/12/2013 | 19/06/2014 | 17/11/2015 | French | |
| Full model | 31/12/2012 | 12/06/2013 | 17/11/2015 | French | |
| Full model | 31/12/2011 | 11/06/2012 | 13/06/2012 | French | |
| Full model | 31/12/2010 | 15/06/2011 | 24/06/2011 | French | |
| Full model | 31/12/2009 | 15/06/2010 | 25/05/2011 | French | |
| Full model | 31/12/2008 | 08/06/2009 | 08/07/2009 | French | |
| Full model | 31/12/2007 | 16/06/2008 | 11/07/2008 | French | |
| Full model | 31/12/2006 | 05/07/2007 | 13/07/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202520 active · 102 ended
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
AURELIEN REMACLE | Director14/09/2025 → 13/09/2026 | ||
BORIS VERHAEGEN | Director14/09/2023 → 13/09/2026 | ||
CANDICE GUILLAUME | Director14/09/2024 → 13/09/2026 | ||
DANIELLE PETO | Director14/09/2025 → 13/09/2029 | ||
Diandra LAHAEYE | Director14/09/2025 → 13/09/2026 | ||
ISABELLE CRUYSMANS | Director14/09/2025 → 13/09/2029 | ||
MATHILDE FOX | Director14/09/2022 → 13/09/2029 | ||
MAXIME STEISEL | Director14/09/2023 → 13/09/2029 | ||
MIKAEL DHEN | Director14/09/2023 → 13/09/2029 | ||
NATHALIE CHATZIDIMITRIOU | Director14/09/2024 → 13/09/2026 | ||
NELLE REUNIS | Director14/09/2025 → 13/09/2026 | ||
Patrick VANVINCKENROYE | Director26/02/2013 → 13/09/2029 | ||
SANDRINE DAVID | Director14/09/2023 → 13/09/2029 | ||
GUILLAUME MASSANGE | Director14/09/2024 → 13/09/2027 | ||
MARTINE BAYENS | Director14/09/2024 → 13/09/2027 | ||
AGNES DELTENRE | Director14/09/2023 → 13/09/2027 | ||
Carl VANDOORNE | Director11/06/2015 → 13/09/2027Vice-chairman of the board of directors2014 accountsended | ||
Etienne DAVIGNON | Chairman of the board of directors09/10/2014 → 13/09/2027 | ||
MICHEL DEFOURNY | Director14/09/2023 → 13/09/2027 | ||
Olivier VANDOOREN | Director14/09/2019 → 13/09/2027 |
Ended mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
CLEMENCE FLEMAL | Director14/09/2024 → 2024 accounts | ||
ELISA TUZKAN | Director14/09/2024 → 2024 accounts | ||
JEREMY FIDELAK | Director14/09/2024 → 2024 accounts | ||
VICTORIA THAUVOYE | Director14/09/2024 → 2024 accounts |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates07/04/2026DEMISSIONS, NOMINATIONS
- Other21/10/2025STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates22/05/2025DEMISSIONS, NOMINATIONS
- Mandates10/02/2025DEMISSIONS, NOMINATIONS
- Other25/01/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates03/11/2023DEMISSIONS, NOMINATIONS
- Mandates14/03/2023DEMISSIONS, NOMINATIONS
- Mandates02/03/2022DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings18 filings
Mandates
AURELIEN REMACLE
Diandra LAHAEYE
Patrick VANVINCKENROYE
MATHILDE FOX
NELLE REUNIS
MAXIME STEISEL
BORIS VERHAEGEN
ISABELLE CRUYSMANS
SANDRINE DAVID
NATHALIE CHATZIDIMITRIOU
DANIELLE PETO
MIKAEL DHEN
1996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029
Haute Ecole ICHEC - ECAM - ISFSCGroupe ICHEC - ISC Saint-Louis - ISFSC
Boulevard Brand Whitlock 6, 1150 Woluwe-Saint-Pierre
Director
Director
Director
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Boulevard Brand Whitlock 6, 1150 Woluwe-Saint-PierreCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00280257 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| Haute Ecole ICHEC - ECAM - ISFSCCurrent | accounts 2019 → 2025 | Accounts 2025 · 2026-00280257 |
| Groupe ICHEC - ISC Saint-Louis - ISFSC | accounts 2008 → 2018 | Accounts 2018 · 2019-31500497 |
Events
- 2025Annual accounts 20251,5 M €↓
- 2024Annual accounts 20242,8 M €↑
- 2023Annual accounts 20232,5 M €↑
- 2022Annual accounts 20221,7 M €↓
- 2021Annual accounts 20212,1 M €↑
- 2020Annual accounts 20202 M €↑
- 2019Annual accounts 201932,3 k €↓
- 2019Name changeHaute Ecole ICHEC - ECAM - ISFSC
- 2018Annual accounts 2018288,4 k €↑
- 2017Annual accounts 2017107,5 k €↓
- 2016Annual accounts 2016432 k €↑
- 2015Annual accounts 2015-67 k €↓
- 2014Annual accounts 2014165,8 k €↑
- 2013Annual accounts 201319,4 k €↓
- 2012Annual accounts 2012250,7 k €↑
- 2011Annual accounts 2011225 k €↑
- 2010Annual accounts 2010208,5 k €↓
- 2009Annual accounts 2009605,1 k €↑
- 2008Annual accounts 2008107 k €
- 30/10/1996IncorporationNon-profit organization