Haute Ecole ICHEC - ECAM - ISFSC
0459.634.993 · rovalta.com · 22/09/2026
ACTIVE
Haute Ecole ICHEC - ECAM - ISFSC
Financial year 2025 · closed on 31/12/2025
Net result
1,5 M €
-46.7% YoY
Revenue
4,2 M €
-4.0% YoY
Equity
19,3 M €
+8.2% YoY
Workforce
66,8 ETP
+8.3% YoY
Overview
What does Haute Ecole ICHEC - ECAM - ISFSC do?
Haute 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
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
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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 | 4,2 M € | -4.0% | 4,4 M € | +5.3% | 4,2 M € | +0.8% | 4,1 M € | +5.1% | 3,9 M € | +6.8% | 3,7 M € | +42.6% | 2,6 M € | +5.3% | 2,5 M € | +8.8% | 2,3 M € | +0.5% | 2,2 M € | +1.1% | 2,2 M € | -0.8% | 2,2 M € | +5.1% | 2,1 M € | +11.0% | 1,9 M € | -0.7% | 1,9 M € | -2.1% | 2 M € | -6.6% | 2,1 M € | +4.8% | 2 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 € | +3.9% | 3 M € | +339% | 683 k € | +20.3% | 567,9 k € | +91.6% | 296,5 k € | -50.1% | 594,4 k € | +1403% | 39,6 k € | -83.4% | 238,1 k € | +115% | 110,8 k € | -68.2% | 348,2 k € | +23.5% | 281,9 k € | -3.0% | 290,7 k € | -56.6% | 670 k € | +208% | 217,2 k € |
| 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 € | +6.7% | 2,1 M € | +1265% | 152,2 k € | -44.1% | 272,5 k € | +350% | 60,6 k € | -85.9% | 429,9 k € | +626% | -81,7 k € | -156% | 147,1 k € | +2602% | -5,9 k € | -103% | 206,3 k € | +60.1% | 128,9 k € | -25.1% | 172 k € | -69.9% | 571,6 k € | +495% | 96 k € |
| 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 € | +7.5% | 2 M € | +5990% | 32,3 k € | -88.8% | 288,4 k € | +168% | 107,5 k € | -75.1% | 432 k € | +745% | -67 k € | -140% | 165,8 k € | +756% | 19,4 k € | -92.3% | 250,7 k € | +11.4% | 225 k € | +7.9% | 208,5 k € | -65.5% | 605,1 k € | +465% | 107 k € |
| 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 € | +23.9% | 8,8 M € | +28.6% | 6,9 M € | +72.7% | 4 M € | +7.8% | 3,7 M € | +3.0% | 3,6 M € | +13.7% | 3,2 M € | -2.1% | 3,2 M € | +5.4% | 3,1 M € | +0.6% | 3 M € | +9.0% | 2,8 M € | +8.8% | 2,6 M € | +8.9% | 2,4 M € | +34.6% | 1,7 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 € | +7.9% | 25,3 M € | +4.9% | 24,1 M € | +240% | 7,1 M € | +0.6% | 7 M € | +9.9% | 6,4 M € | +6.1% | 6 M € | -8.0% | 6,6 M € | +6.3% | 6,2 M € | +1.7% | 6,1 M € | +8.8% | 5,6 M € | +14.1% | 4,9 M € | +1.3% | 4,8 M € | +17.8% | 4,1 M € |
| Cash | 5,8 M € | +44.6% | 4 M € | -50.7% | 8,1 M € | -4.6% | 8,5 M € | +57.1% | 5,4 M € | +5.1% | 5,1 M € | +59.0% | 3,2 M € | +24.2% | 2,6 M € | +14.9% | 2,3 M € | +19.6% | 1,9 M € | +35.3% | 1,4 M € | -21.4% | 1,8 M € | +107% | 859,8 k € | -44.9% | 1,6 M € | -1.8% | 1,6 M € | -10.9% | 1,8 M € | -8.9% | 2 M € | +42.8% | 1,4 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 € | -1.0% | 14,5 M € | -5.3% | 15,3 M € | +887% | 1,6 M € | -10.1% | 1,7 M € | +30.9% | 1,3 M € | -2.5% | 1,4 M € | -17.3% | 1,6 M € | +24.4% | 1,3 M € | +4.2% | 1,3 M € | +12.9% | 1,1 M € | +15.5% | 969,6 k € | -1.5% | 983,9 k € | +14.2% | 861,5 k € |
| 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 | +20.3% | 46,7 ETP | +9.1% | 42,8 ETP | +12.6% | 38,0 ETP | +19.1% | 31,9 ETP | -3.9% | 33,2 ETP | +2.5% | 32,4 ETP | +8.0% | 30,0 ETP | +4.9% | 28,6 ETP | +1.1% | 28,3 ETP | +15.5% | 24,5 ETP | +14.0% | 21,5 ETP | +44.3% | 14,9 ETP | +33.0% | 11,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 20 active · 175 ended
Active mandates
AURELIEN REMACLE
ActiveBORIS VERHAEGEN
ActiveCANDICE GUILLAUME
ActiveDANIELLE PETO
ActiveDiandra LAHAEYE
ActiveISABELLE CRUYSMANS
ActiveMATHILDE FOX
ActiveMAXIME STEISEL
ActiveMIKAEL DHEN
ActiveNATHALIE CHATZIDIMITRIOU
ActiveNELLE REUNIS
ActivePatrick VANVINCKENROYE
ActiveSANDRINE DAVID
ActiveGUILLAUME MASSANGE
ActiveMARTINE BAYENS
ActiveAGNES DELTENRE
ActiveCarl VANDOORNE
ActiveEtienne DAVIGNON
ActiveMICHEL DEFOURNY
ActiveOlivier VANDOOREN
ActiveEnded mandates
BORIS VERHAEGEN
EndedCANDICE GUILLAUME
EndedCLEMENCE FLEMAL
EndedELISA TUZKAN
EndedFinancials
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 | 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
23 filings with the NBB
| 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
Estimate
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
Governance
Board of directors
Seen on filing of 31/12/2025 · 20 active · 175 ended
Active mandates
AURELIEN REMACLE
ActiveBORIS VERHAEGEN
ActiveCANDICE GUILLAUME
ActiveDANIELLE PETO
ActiveDiandra LAHAEYE
ActiveISABELLE CRUYSMANS
ActiveMATHILDE FOX
ActiveMAXIME STEISEL
ActiveMIKAEL DHEN
ActiveNATHALIE CHATZIDIMITRIOU
ActiveNELLE REUNIS
ActivePatrick VANVINCKENROYE
ActiveSANDRINE DAVID
ActiveGUILLAUME MASSANGE
ActiveMARTINE BAYENS
ActiveAGNES DELTENRE
ActiveCarl VANDOORNE
ActiveEtienne DAVIGNON
ActiveMICHEL DEFOURNY
ActiveOlivier VANDOOREN
ActiveEnded mandates
BORIS VERHAEGEN
EndedCANDICE GUILLAUME
EndedCLEMENCE FLEMAL
EndedELISA TUZKAN
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- 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
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 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 €
- 2008Name changeGroupe ICHEC - ISC Saint-Louis - ISFSC
- 30/10/1996IncorporationNon-profit organization