ACTIVE

FScholen

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Financial year 2025 · closed on 31/12/2025

Net result

5 M €

+1.4% YoY

Equity

20,2 M €

+2.6% YoY

What does FScholen do?

FScholen is a Public limited company incorporated in 2010. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0825.836.125

Incorporation

11/05/2010

Legal form

Public limited company

Registered office

Avenue des Arts 58
1000 Bruxelles · BruxellesSee on map

Contributed capital

17 850 000,00 €

Latest accounts

31/12/2025

Signals

ProfitablePositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
EBITDA	-17,1 k €	-1.0%	-16,9 k €	+25.8%	-22,8 k €	-56.8%	-14,5 k €	-8.2%	-13,4 k €	+0.8%	-13,5 k €	+4.6%	-14,2 k €	-2.0%	-13,9 k €	-4.3%	-13,3 k €	+2.2%	-13,6 k €	+31.9%	-20 k €	-54.9%	-12,9 k €	+39.2%	-21,2 k €	-44.1%	-14,7 k €	-10.6%	-13,3 k €	+35.7%	-20,7 k €
Operating result	-17,1 k €	-1.0%	-16,9 k €	+25.8%	-22,8 k €	-56.8%	-14,5 k €	-8.2%	-13,4 k €	+0.8%	-13,5 k €	+4.6%	-14,2 k €	-2.0%	-13,9 k €	-4.3%	-13,3 k €	+2.2%	-13,6 k €	+31.9%	-20 k €	-54.9%	-12,9 k €	+39.2%	-21,2 k €	-44.1%	-14,7 k €	-10.6%	-13,3 k €	+35.7%	-20,7 k €
Net result	5 M €	+1.4%	4,9 M €	-75.1%	19,9 M €	+508%	3,3 M €	+2458%	127,6 k €	+6.7%	119,6 k €	+17.3%	101,9 k €	+18.6%	86 k €	+29.3%	66,5 k €	-17.6%	80,7 k €	+5.1%	76,8 k €	-3.8%	79,9 k €	+14.3%	69,9 k €	+220%	21,8 k €	+82.7%	11,9 k €	+136%	-32,8 k €
Balance sheet
Equity	20,2 M €	+2.6%	19,7 M €	+2.3%	19,3 M €	+1.9%	18,9 M €	+1.4%	18,7 M €	+0.7%	18,5 M €	+0.6%	18,4 M €	+0.6%	18,3 M €	+0.5%	18,2 M €	+0.4%	18,2 M €	+0.4%	18,1 M €	+0.4%	18 M €	+0.4%	17,9 M €	+0.4%	17,9 M €	+64.8%	10,8 M €	+36.6%	7,9 M €
Total assets	135,3 M €	-2.0%	138,1 M €	-1.7%	140,5 M €	-1.4%	142,5 M €	-1.4%	144,5 M €	+9.0%	132,6 M €	+8.9%	121,7 M €	+8.9%	111,8 M €	+8.7%	102,8 M €	+8.4%	94,8 M €	-9.1%	104,3 M €	-7.6%	112,8 M €	-8.6%	123,5 M €	+51.5%	81,5 M €	+68.7%	48,3 M €	+46.3%	33 M €
Cash	289,9 k €	-5.8%	307,8 k €	-0.3%	308,8 k €	+51.9%	203,3 k €	+104%	99,9 k €	-40.0%	166,4 k €	+1293%	11,9 k €	-75.5%	48,7 k €	-34.4%	74,2 k €	-31.6%	108,5 k €	+7083%	1,5 k €	+986%	139 €	-96.1%	3,5 k €	+337%	809 €	-98.0%	40,8 k €	-26.8%	55,7 k €
Debts	115,1 M €	-2.7%	118,3 M €	-2.4%	121,2 M €	-1.9%	123,6 M €	-1.8%	125,9 M €	+10.4%	114 M €	+10.4%	103,3 M €	+10.5%	93,5 M €	+10.5%	84,6 M €	+10.3%	76,6 M €	-11.1%	86,2 M €	-9.1%	94,8 M €	-10.2%	105,5 M €	+65.8%	63,6 M €	+69.9%	37,5 M €	+49.4%	25,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 32 ended

Active mandates

Evelyn VOLCKERYCK

Director · since 18 juillet 2024 · until 12 juin 2028

Active

Gilles MASSON

Director · since 02 mai 2022 · until 12 juin 2028

Active

Hendrik DEBOUTTE

Director · since 02 mai 2022 · until 12 juin 2028

Active

Kirsten DEKNOP

Director · since 02 mai 2022 · until 12 juin 2028

Active

MARC VAN BEGIN

Director · since 02 mai 2022 · until 12 juin 2028 · 0864.979.583

Represented by Marc VAN BEGIN

Active

Serge FAUTRE

Director · since 02 mai 2022 · until 12 juin 2028

Active

Ended mandates

Gilles MASSON

Director · since 02 mai 2022 · until 02 mai 2028

Ended

Hendrik DEBOUTTE

Director · since 02 mai 2022 · until 02 mai 2028

Ended

Jean DETRY

Director · since 02 mai 2022 · until 17 juillet 2024

Ended

Jean DETRY

Director · since 02 mai 2022 · until 02 mai 2028

Ended

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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	12/06/2026	20/06/2025	14/06/2024	16/05/2023	09/05/2022	06/05/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	02/05/2023	02/05/2022	03/05/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/06/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	10/06/2025	20/06/2025	Dutch	PDF
Full model	31/12/2023	10/06/2024	14/06/2024	Dutch	PDF
Full model	31/12/2022	02/05/2023	16/05/2023	Dutch	PDF
Full model	31/12/2021	02/05/2022	09/05/2022	Dutch	PDF
Full model	31/12/2020	03/05/2021	06/05/2021	Dutch	PDF
Full model	31/12/2019	04/05/2020	12/05/2020	Dutch	PDF
Full model	31/12/2018	06/05/2019	09/05/2019	Dutch	PDF
Full model	31/12/2017	07/05/2018	23/05/2018	Dutch	PDF
Full model	31/12/2016	02/05/2017	19/05/2017	Dutch	PDF
Full model	31/12/2015	02/05/2016	23/05/2016	Dutch	PDF
Full model	31/12/2014	04/05/2015	13/05/2015	Dutch	PDF
Full model	31/12/2013	05/05/2014	14/05/2014	Dutch	PDF
Full model	31/12/2012	06/05/2013	07/05/2013	Dutch	PDF
Full model	31/12/2011	07/05/2012	24/05/2012	Dutch	PDF
Full model	31/12/2010	02/05/2011	31/05/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 6 active · 32 ended

Active mandates

Evelyn VOLCKERYCK

Director · since 18 juillet 2024 · until 12 juin 2028

Active

Gilles MASSON

Director · since 02 mai 2022 · until 12 juin 2028

Active

Hendrik DEBOUTTE

Director · since 02 mai 2022 · until 12 juin 2028

Active

Kirsten DEKNOP

Director · since 02 mai 2022 · until 12 juin 2028

Active

MARC VAN BEGIN

Director · since 02 mai 2022 · until 12 juin 2028 · 0864.979.583

Represented by Marc VAN BEGIN

Active

Serge FAUTRE

Director · since 02 mai 2022 · until 12 juin 2028

Active

Ended mandates

Gilles MASSON

Director · since 02 mai 2022 · until 02 mai 2028

Ended

Hendrik DEBOUTTE

Director · since 02 mai 2022 · until 02 mai 2028

Ended

Jean DETRY

Director · since 02 mai 2022 · until 17 juillet 2024

Ended

Jean DETRY

Director · since 02 mai 2022 · until 02 mai 2028

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2026
Bestuurders: Ontslag en benoeming
PDF
Mandates23/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Mandates30/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2021
ONTSLAGEN - BENOEMINGEN
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

08/06/2026
nominationDamien Walgrave — commissaris
2025
Annual accounts 20255 M €↑
2024
Annual accounts 20244,9 M €↓
09/09/2024
nominationEvelyn VOLCKERYCK — bestuurder A
10/06/2024
reconductionKurt Cappoen — commissaris
2023
Annual accounts 202319,9 M €↑
2022
Annual accounts 20223,3 M €↑
02/05/2022
reconductionGilles Masson — A-Bestuurder
02/05/2022
reconductionJean Detry — A-Bestuurder
02/05/2022
reconductionHendrik Deboutte — A-Bestuurder
02/05/2022
reconductionSerge Fautré — B-Bestuurder
02/05/2022
reconductionBV Marc Van Begin — B-Bestuurder
02/05/2022
reconductionKirsten Deknop — B-Bestuurder
2021
Annual accounts 2021127,6 k €↑
2020
Annual accounts 2020119,6 k €↑
2019
Annual accounts 2019101,9 k €↑
2018
Annual accounts 201886 k €↑
2017
Annual accounts 201766,5 k €↓
2016
Annual accounts 201680,7 k €↑
2015
Annual accounts 201576,8 k €↓
2014
Annual accounts 201479,9 k €↑
2013
Annual accounts 201369,9 k €↑
2012
Annual accounts 201221,8 k €↑
2011
Annual accounts 201111,9 k €↑
2010
Annual accounts 2010-32,8 k €
11/05/2010
IncorporationPublic limited company

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

FScholen

Overview

What does FScholen do?

Trend over 16 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