Equity
€42.4m ▲ 14.3%
Haute Ecole Libre Mosane has made a profit without a break since 2014.
Haute Ecole Libre Mosane
Lifetime
17 annual accounts with figures on one time axispeak €4.0m (2025)
€4.0m▲ 1.1%
lowest -€93,455 (2013)
€5.3m▲ 46.4%
peak €42.4m (2025)
€42.4m▲ 14.3%
€31.8m▼ 3.8%
peak 77.7 FTE (2024)
75.4 FTE▼ 3.0%
Board157 names since 2008all names
21 directorsEtienne Sottiaux and 20 others
Documentsfilings and deeds
24-06-202637 days before the deadline
2025abbreviated format
Result from €3.6m to €5.3m10 directors appointed, 4 resignations 21-10Appointment: Gilles Meunier (director) 13-081 director appointed, 1 resignation, 2 reappointments 12-05Equity from €37.1m to €42.4mCash from €14.1m to €21.4m
Key points
from the 2025 annual accountsResult
€5.3m ▲ 46.4%
The result rose in 2025 from €3.6m to €5.3m.
Staff
200 employees on 31-12-2025
In 2025, 247 people joined and 237 left. On top of that, 0.3 agency workers worked there on average.
Filings
17 annual accounts since 2009
The last five annual accounts were filed 32 to 37 days before the end of the period.
Board
8 joined · 6 left
Board changed. Latest change 13-10-2026 · 25 in office.
Public support
€41.8m paid from 2021 to 2025
Wallonia-Brussels support, mostly Allocations globales aux Hautes Ecoles libres subventionnées.
Checked score
97
Excellent
Financially stronger than 73% 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 03-2025
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 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Legal form: non-profit association
Liquidity: current ratio 10.53, cash €21.4m
Size: turnover €4.0m, 75.4 FTE, total assets €74.7m
Equity €42.4m (56.7% of total assets)
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 42% of them on solvency, 91% on liquidity, 96% on profitability and 63% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 546 companies had the same profile as Haute Ecole Libre Mosane has now. Each dot stands for 2 companies, two years later.
95.2%
were still trading
4.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Haute Ecole Libre Mosane 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 546 companies, not a prediction for Haute Ecole Libre Mosane. 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 €390,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.53 (9.56 in 2024), above the usual 1.5. Short-term debt is 4.7% and cash 28.6% of total assets. 43.3% 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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
35 days early
2023
37 days early
2022
32 days early
2021
33 days early
2020
47 days early
2019
44 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 38 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
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
7 directors appointed, 7 resignations
Resignations: E. Sottiaux, Nicolas Bodson (membre de l'oa représentant des étudiants), Mina Kertme (membre de l'oa représentant des étudiants), Émilie Nestergal (membre de l'oa représentant des étudiants), Nicole DELCOUR (independent director), Jean-Pierre HOSTE (independent director) and 1 other · Appointments: Shiraze Bastin (director), Samuel Fodouop (director), Rose Detaille (independent director), Gaëtan Dumoulin (independent director), Wendy Verlinde (independent director), Sabine HOUGARDY and 1 other · Board meeting of 17-09-2026 · Gazette deed
3 directors appointed, 1 statutory auditor appointed
Étienne SOTTIAUX (managing director), Jean-Claude WEICKER (conseiller sur les questions financières et budgétaires), Laure COMPERE (director) and REWISE (statutory auditor) · Board meeting of 16-04-2026 · Gazette deed
Resignations: S.Megherbi (director) and D.Kosso (administrateur représentant des étudiants à l'oa et à l'ag)
Board meeting of 19-03-2026 · Gazette deed
Licence or approval granted
Decision of 27-02-2026, published on 18-03-2026
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Haute Ecole Libre Mosane Liège | €4.0m | - | 56.7% | 75.4 |
| Haute École Louvain en Hainaut Mons | €3.8m | 45.8% | 52.0% | 111.4 |
| Haute Ecole de Namur-Liège-Luxembourg Namur | €1.0m | - | 54.8% | 99 |
| 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 |
| Haute Ecole Galilée Brussels | €1.6m | - | 41.9% | 37.4 |
| Katholieke Hogeschool VIVES Noord Kortrijk | €39.2m | -0.4% | 53.2% | 55.1 |
These companies have the same main activity as Haute Ecole Libre Mosane: education (NACE 85402). They are comparable in size and age: total assets between €35m and €83m, founded between 1995 and 2011.
Official details
Source: KBO- Status
- Active since 18-06-2008Normal situation
- Activity
- EducationNACE 85402
- Joint committees
- 152Subsidised private schools
- 225White-collar workers in subsidised private schools
- 332French- and German-speaking welfare and health sector · annual accounts 2025
- Establishment units
- 2.172.317.6714000 Liège, since 15-09-2008
- 2.173.091.8894910 Theux, since 15-09-2008and 10 others
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- €67.8m▲ 3.7%
- €74.7m▲ 5.8%
- Employeeson 31-12-2025
- 200▲ 2.6%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on Haute Ecole Libre Mosane
Haute Ecole Libre Mosane has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42.4m and a net result of €5.3m.
Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 51% of 845 sector peers (NACE 85, financial year 2025).
The computed 12-month bankruptcy probability is below 0.1% (very low).
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 Haute Ecole Libre Mosane
- What is the company number of Haute Ecole Libre Mosane?
- The company number of Haute Ecole Libre Mosane is 0898.631.160. The VAT number is the same number with BE in front: BE 0898.631.160.
- Where is Haute Ecole Libre Mosane based?
- The registered office is at Mont Saint-Martin 45, 4000 Liège.Company details
- What does Haute Ecole Libre Mosane do?
- According to the KBO register, the main activity is education (NACE 85402).
- What is the legal form of Haute Ecole Libre Mosane?
- Haute Ecole Libre Mosane is a non-profit association (VZW).
- When was Haute Ecole Libre Mosane founded?
- Haute Ecole Libre Mosane was founded on 18-06-2008.
- Is Haute Ecole Libre Mosane still active?
- Yes, Haute Ecole Libre Mosane is an active enterprise in the KBO register.
- How many employees does Haute Ecole Libre Mosane have?
- Haute Ecole Libre Mosane had an average of 75.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Haute Ecole Libre Mosane fall under?
- In its 2025 annual accounts, Haute Ecole Libre Mosane states joint committees 152 (Subsidised private schools), 225 (White-collar workers in subsidised private schools) and 332 (French- and German-speaking welfare and health sector).
- What is the turnover of Haute Ecole Libre Mosane?
- The turnover of Haute Ecole Libre Mosane was €4.0m in financial year 2025, according to the filed annual accounts.
- Is Haute Ecole Libre Mosane profitable?
- In financial year 2025, Haute Ecole Libre Mosane made a profit of €5.3m.
- Where can I find the annual accounts of Haute Ecole Libre Mosane?
- Haute Ecole Libre Mosane filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Haute Ecole Libre Mosane due?
- Haute Ecole Libre Mosane must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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