Equity
€64.1m ▲ 8.0%
ASBL EPHEC-GALILEE has made a profit in every financial year since 2008.
ASBL EPHEC-GALILEE
Lifetime
18 annual accounts with figures on one time axis, 19 filings since 2007Turnoverpeak €4.9m (2015)
€4.2m▲ 4.7%
Resultpeak €4.8m (2025)
€4.8m▲ 48.0%
Equitypeak €64.1m (2025)
€64.1m▲ 8.0%
Debts
€36.1m▲ 0.4%
Staffpeak 122.8 FTE (2025)
122.8 FTE▲ 33.6%
Board23 names since 2004all names
13 directorsEmmanuelle HAVRENNE and 12 others
Documentsfilings and deeds
26-06-202635 days before the deadline
2025abbreviated format
Result from €3.2m to €4.8mStaff from 91.9 FTE to 122.8 FTEReappointment: BDO Réviseurs d'entreprises (statutory auditor) 16-073 directors appointed 25-04Investments €4.8m
Key points
from the 2025 annual accountsInvestments
€5.3m 2.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 53.0% higher than in 2024.
Staff
221 employees on 31-12-2025
In 2025, 280 people joined and 259 left.
Payment terms
57 days to suppliers
ASBL EPHEC-GALILEE pays its suppliers 11 days earlier than in 2024. Customers pay 70 days earlier.
Filings
19 annual accounts since 2007
The last five annual accounts were filed 33 to 49 days before the end of the period.
Public support
€42.0m paid from 2021 to 2025
Wallonia-Brussels support, mostly Allocations globales aux Hautes Ecoles libres subventionnées.
Checked score
97
Excellent
Financially stronger than 74% of medium-sized companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 158 companies (NACE 85, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
lowers risk
Legal form: non-profit association
Liquidity: current ratio 6.60, cash €18.6m
Founded in 1969
Size: turnover €4.2m, 122.8 FTE, total assets €100.5m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, medium-sized). It does better than 57% of them on solvency, 79% on liquidity, 93% on profitability and 66% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as ASBL EPHEC-GALILEE has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of ASBL EPHEC-GALILEE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for ASBL EPHEC-GALILEE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €420,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.6 (6.14 in 2024), above the usual 1.5. Short-term debt is 7.3% and cash 18.5% of total assets. 36.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
35 days early
2023
49 days early
2022
45 days early
2021
33 days early
2020
37 days early
2019
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BR
BDO Réviseurs d'Entreprises
Auditor, Christophe COLSON
Recent changes
Appointment: PEIFFER Guido (director)
General meeting of 18-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0409458972
Reappointment: BDO Réviseurs d'entreprises (statutory auditor)
General meeting of 10-06-2025 · Gazette deed
3 directors appointed
CARON Danielle, HAVRENNE Emmanuelle and BERTIEAUX Françoise · General meeting of 18-02-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| ASBL EPHEC-GALILEE Woluwe-Saint-Lambert | €4.2m | - | 63.8% | 122.8 |
| UC Limburg Diepenbeek | €50.5m | -1.9% | 66.2% | 99.6 |
| Vlerick Business School Ghent | €37.4m | -3.4% | 64.0% | 164.4 |
| Thomas More Kempen Geel | €80.1m | 2.0% | 70.9% | 217.5 |
| Odisee Brussels | €114.6m | 1.7% | 67.7% | 201 |
| Haute Ecole ICHEC - ECAM - ISFSC Woluwe-Saint-Pierre | €4.2m | 33.6% | 54.6% | 66.8 |
| Ilya Prigogine Ixelles | €1.7m | 73.0% | 57.8% | 45.6 |
These companies have the same main activity as ASBL EPHEC-GALILEE: education (NACE 85402). They are comparable in size and age: total assets between €35m and €167m, founded between 1962 and 1996.
Official details
Source: KBO- Status
- Active since 10-04-1969Normal situation
- Activity
- EducationNACE 85402
- Establishment units
- 2.150.460.7021200 Woluwe-Saint-Lambert, since 15-12-2005
- 2.150.461.0961348 Ottignies-Louvain-la-Neuve, since 15-12-2005and 4 others
- Financial year end
- 31 December
- Peppol
- Reachable since 19-09-2025
Annual accounts 2025
- Operating revenue
- €56.1m▲ 5.4%
- Total assets
- €100.5m▲ 5.1%
- Employeeson 31-12-2025
- 221▲ 9.4%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on ASBL EPHEC-GALILEE
ASBL EPHEC-GALILEE has existed since 1969. Turnover grew from €2.7m in 2008 to €4.2m in 2025 and staff from 30 to 122.8 full-time equivalents.
Turnover has grown every year since 2019.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ASBL EPHEC-GALILEE
- What is the company number of ASBL EPHEC-GALILEE?
- The company number of ASBL EPHEC-GALILEE is 0409.458.972. The VAT number is the same number with BE in front: BE 0409.458.972.
- Where is ASBL EPHEC-GALILEE based?
- The registered office is at Konrad Adenauerlaan 3, 1200 Woluwe-Saint-Lambert.Company details
- What does ASBL EPHEC-GALILEE do?
- According to the KBO register, the main activity is education (NACE 85402).
- What is the legal form of ASBL EPHEC-GALILEE?
- ASBL EPHEC-GALILEE is a non-profit association (VZW).
- When was ASBL EPHEC-GALILEE founded?
- ASBL EPHEC-GALILEE was founded on 10-04-1969.
- Is ASBL EPHEC-GALILEE still active?
- Yes, ASBL EPHEC-GALILEE is an active enterprise in the KBO register.
- How many employees does ASBL EPHEC-GALILEE have?
- ASBL EPHEC-GALILEE had an average of 122.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ASBL EPHEC-GALILEE?
- The turnover of ASBL EPHEC-GALILEE was €4.2m in financial year 2025, according to the filed annual accounts.
- Is ASBL EPHEC-GALILEE profitable?
- In financial year 2025, ASBL EPHEC-GALILEE made a profit of €4.8m.
- Where can I find the annual accounts of ASBL EPHEC-GALILEE?
- ASBL EPHEC-GALILEE filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ASBL EPHEC-GALILEE due?
- ASBL EPHEC-GALILEE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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