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Complete company report
Generated 11-08-2026
Active BE 0409.849.843Non-profit association

Institut Notre-Dame

Rue Derrière la Gare 12 ·4960 Malmedy, Belgium· 66 yrs active
Sector: Vrij gesubsidieerd gewoon technisch en beroepssecundair onderwijs (85324)
Conclusion Checked

The computed 12-month bankruptcy probability of Institut Notre-Dame is < 0.1% (very low). The 2022 annual accounts show equity of €1.17M and a net result of €-75k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 78% of 452 sector peers (fiscal year 2022). The company has been active since 1959 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €1.17M
Net result €-75k
Better than sector 78%
Active 66 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health78Profitability33Solvency99Growth36Stability100
69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 78
Profitability 33
Solvency 99
Growth 36
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
< 0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Lower-failure-rate sector −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1959, 66 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
78 / 100 Excellent
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 29-09-2023 with the NBB · fiscal year 2022 · micro
€-200k€0€200k€400k€600kRevenue 2018: €92k€92kOperating result 2018: €11k€11kNet result 2018: €507k€507kRevenue 2019: €85k€85kOperating result 2019: €-6k€-6kNet result 2019: €495k€495kRevenue 2020: €63k€63kOperating result 2020: €3k€3kNet result 2020: €504k€504kRevenue 2021: €61k€61kOperating result 2021: €4k€4kNet result 2021: €-107€-107Revenue 2022: €63k€63kOperating result 2022: €-71k€-71kNet result 2022: €-75k€-75k20182019202020212022
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 5 fiscal years (±0.5%/year).
€1.10M€1.20M€1.30M€1.40M2023: €1.28M (€1.19M - €1.38M)2024: €1.29M (€1.19M - €1.38M)2025: €1.29M (€1.17M - €1.42M)2018: €1.13M2019: €1.26M2020: €1.29M2021: €1.27M2022: €1.17M20182019202020212022202320242025
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2022 · NACE 85 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 64.1% 36.4%
better than 78% of 452 sector peers
Net result €-75k €4k
better than 5% of 450 sector peers
Equity €1.17M €13k
better than 95% of 452 sector peers
Gross operating margin €198k €14k
better than 95% of 450 sector peers
Staff costs €89k €32k
higher than 74% of 92 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€63k
+3.8% 18-22
EBITDA
€106k
-40.1% 18-22
Net profit
€-75k
-69623.4% 18-22
Cash flow
€102k
-40.7% 18-22
Total assets
€1.83M
-7.6% 18-22
Equity
€1.17M
-7.6% 18-22
Working capital
€329k
-14.6% 18-22
Employees (FTE)
3
0.0% 18-22
Staff costs
€89k
+29.5% 18-22
Debt
€657k
-7.5% 18-22
Debt ≤ 1y
€85k
+11.4% 18-22
Debt > 1y
€569k
-9.3% 18-22
Current ratio
4.85
-19.4% 18-22
Quick ratio
3.99
-22.3% 18-22
Solvency
64.1%
-0.1% 18-22
Debt / equity
0.56
+0.2% 18-22
ROE
-6.4%
-75384.3% 18-22
ROA
-4.1%
-75337.1% 18-22
Net margin
-118.6%
-67097.7% 18-22
EBITDA margin
168.2%
-42.3% 18-22
Interest coverage
35.10
-35.6% 18-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue€63k
EBITDA€106k
Net profit€-75k
Cash flow€102k
Staff costs€89k
Income taxes-
Dividends-
Total assets€1.83M
Equity€1.17M
Debt€657k
of which ≤ 1y€85k
of which > 1y€569k
Working capital€329k
Employees (FTE)-
Ratios (computed)
2022
Current ratio4.85
Quick ratio3.99
Working capital ratio18.0%
Solvency64.1%
Debt / equity0.56
Long-term debt ratio0.49
Interest coverage35.10
Gross margin-408.0%
Net margin-118.6%
ROA-4.1%
ROE-6.4%
EBITDA margin168.2%
Days sales outstanding152d
Days payable outstanding20d
Inventory turnover4.33
Days inventory (DSI)84d
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€1.83M
Fixed assets 21/28€1.41M
Formation expenses 20€0
Intangible fixed assets 21€0
Tangible fixed assets 22/27€1.41M
Financial fixed assets 28€0
Current assets 29/58€414k
Stocks & contracts in progress 3€74k
Amounts receivable within one year 40/41€26k
Investments 50/53€5k
Cash & bank 54/58€308k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.83M
Equity 10/15€1.17M
Contributions / capital 10/11€749k
Accumulated profits (losses) 14€-75k
Amounts payable 17/49€657k
Amounts payable after one year 17€569k
Amounts payable within one year 42/48€85k
Trade debts payable within one year 44€18k
Income statement
Turnover 70€63k
Gross operating margin 9900€198k
Operating result 9901€-71k
Financial income 75€463
Financial charges 65€3k
Result before taxes 9903€-75k
Net result for the period 9904€-75k
Result to be appropriated 9905€-75k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Vrij gesubsidieerd gewoon technisch en beroepssecundair onderwijs(85324)
Legal form Non-profit association(017)
Incorporation19-12-1959
StatusActive
Postal code4960
Establishment units 1 location
INSTITUT NOTRE-DAME
Rue Derrière la Gare 12, 4960 MalmedyVrij gesubsidieerd gewoon algemeen secundair onderwijs
since 20072.167.183.205
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63049D0048/00S002 Wallonia 7,566 m² 1 · 1,671 m² 17.8 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
22-11-2023
State Gazette act Director changes
29-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
13-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
01-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
07-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
22-05-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
30-04-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
16-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
02-05-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
12-05-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
12-06-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2023
22-11-2023 Board composition published Director changes
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Vrij gesubsidieerd voortgezet technisch en beroepsonderwijs80224Vrij gesubsidieerd gewoon technisch en beroepssecundair onderwijs85324Vrij gesubsidieerd gewoon technisch en beroepssecundair onderwijs85324
Primary activity highlighted.
Names & trade names
Legal nameFR Institut Notre-Dame
Registered office
Rue Derrière la Gare 12
4960 Malmedy, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative