ACTIVE

DBFM Scholen van Morgen

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Financial year 2025 · Closed on 31/12/2025

Net result14,2 M €-3,0 %over 1 year

Revenue32,8 M €+1,8 %over 1 year

Equity77,2 M €+11,8 %over 1 year

Workforce0,0 ETP-100,0 %over 1 year

Identity

Source · BCE/KBO

DBFM Scholen van Morgen is a Public limited company incorporated in 2010. Its main activity is: Buying and selling of own real estate. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0826.531.555
Incorporation: 09/06/2010
Legal form: Public limited company
Registered office: Avenue des Arts 58
1000 Bruxelles · BruxellesSee on map
Contributed capital: 23 750 000,00 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 16 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	32,8 M €	+1.8%	32,2 M €	-58.6%	77,9 M €	+4.1%	74,8 M €	-50.8%	151,9 M €
EBITDA	436,5 k €	+229%	-337,5 k €	-280%	187,1 k €	-62.8%	503,1 k €	-89.1%	4,6 M €
Operating result	436,5 k €	+229%	-337,5 k €	-131%	1,1 M €	+348%	-444,8 k €	-110%	4,6 M €
Net result	14,2 M €	-3.0%	14,6 M €	+0.1%	14,6 M €	+40.4%	10,4 M €	+9.6%	9,5 M €
Balance sheet
Equity	77,2 M €	+11.8%	69 M €	+14.2%	60,4 M €	+16.6%	51,8 M €	-23.1%	67,4 M €
Total assets	1,5 Md €	-2.4%	1,5 Md €	-2.3%	1,6 Md €	-3.3%	1,6 Md €	+1.1%	1,6 Md €
Cash	104,2 M €	+1.8%	102,4 M €	+4.2%	98,3 M €	-14.1%	114,4 M €	+6.5%	107,5 M €
Debts	1,4 Md €	-3.3%	1,4 Md €	-3.1%	1,5 Md €	-3.9%	1,5 Md €	+2.1%	1,5 Md €
Other
Workforce	0,0 ETP	-100%	0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 53 ended

Active mandates

Lalynn WADERA

Director · since 14 novembre 2025 · until 21 mai 2029

Active

Dries VERHAEGHE

Director · since 15 mai 2023 · until 14 novembre 2025

Active

Gilles MASSON

Director · since 15 mai 2023 · until 21 mai 2029

Active

Kürt VLEMINCKX

Director · since 15 mai 2023 · until 21 mai 2029

Active

Serge FAUTRE

Director · since 15 mai 2023 · until 21 mai 2029

Active

Ended mandates

Dries VERHAEGHE

Director · since 15 mai 2023 · until 21 mai 2029

Ended

Dries VERHAEGHE

Director · since 16 mai 2022 · until 15 mai 2023

Ended

Gilles MASSON

Director · since 16 mai 2022 · until 15 mai 2023

Ended

Hendrik DEBOUTTE

Director · since 16 mai 2022 · until 15 mai 2023

Ended

Other companies at this address

Avenue des Arts 58 1000 Bruxelles

Company	CBE no.
ACA WERKRUIMTE● Active	0872.389.987
AG FINANCE● Active	0466.967.995
AG REAL ESTATE● Active	0403.231.968
AG Real Estate Asset Management● Active	0460.912.920
AG REAL ESTATE CAR PARK● Active	1010.617.858
AG REAL ESTATE CO-PRODUCTION IN DEVELOPMENT● Active	0825.540.571
AG REAL ESTATE COPRODUCTION IN DEVELOPMENT 2● Active	1009.685.767
AG REAL ESTATE FINANCE● Active	0445.949.679
AG REAL ESTATE LAND● Active	0417.389.515
AG Real Estate Projects● Active	0632.680.619
AG Real Estate Property Management● Active	0450.100.190
AG REAL ESTATE SHARED SERVICES● Active	0472.969.525
AG REAL ESTATE WESTINVEST● Active	0841.798.563
AG Real Estate Westloan● Active	0871.397.025
AG RE OFFICE INVEST I● Active	0747.926.418
AG Residential● Active	0794.337.651
AIRPORT DEVELOPMENT● Active	0694.728.846
Ambassade du Canada● Active	0933.395.762
ARLON 53● Active	0743.427.893
AXS NAMUR 2● Active	0715.892.563

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	28/05/2026	03/06/2025	11/06/2024	17/05/2023	18/05/2022	18/05/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	28/05/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	03/06/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	11/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	17/05/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	18/05/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	18/05/2021	Dutch	PDF
Full model	31/12/2019	18/05/2020	19/05/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	21/05/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	23/05/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	22/05/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	21/05/2015	Dutch	PDF
Full model	31/12/2013	19/05/2014	21/05/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	23/05/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	31/05/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	06/06/2011	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 53 ended

Active mandates

Lalynn WADERA

Director · since 14 novembre 2025 · until 21 mai 2029

Active

Dries VERHAEGHE

Director · since 15 mai 2023 · until 14 novembre 2025

Active

Gilles MASSON

Director · since 15 mai 2023 · until 21 mai 2029

Active

Kürt VLEMINCKX

Director · since 15 mai 2023 · until 21 mai 2029

Active

Serge FAUTRE

Director · since 15 mai 2023 · until 21 mai 2029

Active

Ended mandates

Dries VERHAEGHE

Director · since 15 mai 2023 · until 21 mai 2029

Ended

Dries VERHAEGHE

Director · since 16 mai 2022 · until 15 mai 2023

Ended

Gilles MASSON

Director · since 16 mai 2022 · until 15 mai 2023

Ended

Hendrik DEBOUTTE

Director · since 16 mai 2022 · until 15 mai 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/09/2026
Bestuurder - ontslag/benoeming
PDF
Mandates25/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other26/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other20/04/2021
DIVERSEN
PDF

Similar companies

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

See the Business plan

Timeline

04/03/2026
nominationKen Snoeckx — permanente wettelijke vertegenwoordiger van de commissaris
2025
Annual accounts 202514,2 M €↓
14/11/2025
nominationLalynn Wadera — A-bestuurder
19/05/2025
nominationJan Van Brabant — commissaris
2024
Annual accounts 202414,6 M €↑
2023
Annual accounts 202314,6 M €↑
01/10/2023
nominationBV D. Geerts — general manager
15/05/2023
reconductionDries Verhaeghe — A-Bestuurder
15/05/2023
reconductionSerge Fautré — B-Bestuurder
15/05/2023
reconductionGilles Masson — B-Bestuurder
15/05/2023
nominationKürt Vleminckx — Onafhankelijke Bestuurder
2022
Annual accounts 202210,4 M €↑
16/05/2022
reconductionWivina De Meyer — bestuurder
16/05/2022
reconductionDries Verhaeghe — bestuurder
16/05/2022
reconductionSerge Fautré — bestuurder
16/05/2022
reconductionMarc Van Begin — vaste vertegenwoordiger (voor Marc Van Begin BV)
16/05/2022
reconductionGilles Masson — bestuurder
16/05/2022
reconductionHendrik Deboutte — bestuurder
16/05/2022
reconductionLieve Schuermans — Onafhankelijke Bestuurder
16/05/2022
reconductionGeert Schelstraete — vaste vertegenwoordiger (voor OCeCO VOF)
16/05/2022
reconductionJan Van Brabant — commissaris (vertegenwoordiger van CVBA Callens, Pirenne, Theunissen & C°)
2021
Annual accounts 20219,5 M €↓
2020
Annual accounts 202010 M €↓
2019
Annual accounts 201910,5 M €↓
2018
Annual accounts 201810,5 M €↑
2017
Annual accounts 20178,7 M €↓
2016
Annual accounts 20168,8 M €↑
2015
Annual accounts 2015-858,8 k €↓
2014
Annual accounts 2014-252 k €↑
2013
Annual accounts 2013-2,5 M €↑
2012
Annual accounts 2012-3,3 M €↓
2011
Annual accounts 2011-2,7 M €
09/06/2010
IncorporationPublic limited company

DBFM Scholen van Morgen

Overview

Identity

Financials

Valuation

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

Timeline