FONDATION ULB

Active

Public-utility foundationfounded 200817 yrs activeFranklin Rooseveltlaan 50, 1050 Brussel, BelgiumKBO/BCE: BE 0808.186.182

Summary

For the legal form of FONDATION ULB, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €5.99M and a net result of €-141k. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 463 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

69 / 100

Healthy▲ +13 vs 2024

The score weighs solvency, liquidity and profitability. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability33▲+30

Solvency98▼-2

Growth32=

Track record100

Credit verdict

Credit up to €410k at 30 days acceptable

Liquidity ample (current ratio 3.66 against 6.2 in 2024; short-term debt: 27.3% and cash: 29.6% of total assets), and 27.4% of the assets are financed with debt.

How do we compute this score?

Credit check for your own amount and term

Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year €-141k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

57 d early

2024

29 d late

2023

1 d late

2022

4 d early

2021

69 d early

2020

61 d early

2019

20 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-141k▲ 84.4%

2024 · €-909k

2018: €219k 2019: €138k 2020: €-246k 2021: €2.21M 2022: €-1.98M 2023: €-413k 2024: €-909k

2018 → 2025

Working capital

€6.01M▼ 3.3%

2024 · €6.21M

2018: €7.33M 2019: €7.52M 2020: €7.30M 2021: €9.51M 2022: €7.51M 2023: €7.08M 2024: €6.21M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€9.43M-€7.46M▼ 20.9%€7.05M▼ 5.5%€6.14M▼ 12.9%€5.99M▼ 2.3%

Operating result€1.35M-€-1.94M€-643k▲ 66.9%€-997k▼ 55.1%€-371k▲ 62.8%

Net result€2.21M-€-1.98M€-413k▲ 79.1%€-909k▼ 120%€-141k▲ 84.4%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €371k in 2025 against €997k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €8.26M

72.6%

27.4%

Equity €5.99M ▼ 2.3%

Debt €2.27M ▲ 78.8%

Debt's share of the balance-sheet total rises from 17.1% to 27.4%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-370k▲

2024 · €-996k

Cash flow

€-141k▲

2024 · €-908k

Current ratio

3.66▼

2024 · 6.20

Debt to equity

0.38▲

2024 · 0.21

ROE

-2.4%▲

2024 · -14.8%

ROA

-1.7%▲

2024 · -12.3%

Interest coverage

3.92▲

2024 · -21.73

Debt ≤ 1 year

€2.26M▲

2024 · €1.19M

Debt > 1 year

€11k▼

2024 · €23k

Income taxes

€48k▲

2024 · €42k

Staff costs

€146k▲

2024 · €131k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Balance sheet Code20242025

Assets

Total assets20/58€7.40M€8.26M▲

Fixed assets21/28€38-

Tangible fixed assets22/27€38-

Furniture and vehicles24€38-

Current assets29/58€7.40M€8.26M▲

Amounts receivable within one year40/41€115k€62k▼

Trade receivables40€1k-

Other amounts receivable41€114k€62k▼

Current investments50/53€6.14M€5.75M▼

Cash at bank and in hand54/58€1.14M€2.45M▲

Deferred charges and accrued income490/1€11k€3k▼

Equity and liabilities

Total equity and liabilities10/49€7.40M€8.26M▲

Equity10/15€6.14M€5.99M▼

Contributions10/11€25k€25k=

Capital10€25k€25k=

Reserves13€5.53M€5.29M▼

Profit (loss) carried forward14€585k€682k▲

Amounts payable17/49€1.27M€2.27M▲

Amounts payable after more than one year17€23k€11k▼

Financial debts170/4€23k€11k▼

Amounts payable within one year42/48€1.19M€2.26M▲

Current portion of amounts payable after more than one year42€23k€34k▲

Financial debts43-€376

Credit institutions430/8-€376

Trade debts44€13k€35k▲

Suppliers440/4€13k€35k▲

Taxes, remuneration and social security45€24k€27k▲

Taxes450/3€2k€2k▲

Remuneration and social security454/9€22k€25k▲

Accrued charges and deferred income492/3€51k-

Income statement Code20242025

Remuneration, social security and pensions62€131k€146k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€38▼

Other operating charges640/8€23k€26k▲

Gross operating margin9900€-842k€-198k▲

Operating profit (loss)9901€-997k€-371k▲

Financial income75/76B€176k€183k▲

Recurring financial income75€176k€183k▲

Financial charges65/66B€46k€-95k▼

Recurring financial charges65€46k€-95k▼

Profit (loss) for the period before taxes9903€-867k€-93k▲

Income taxes67/77€42k€48k▲

Profit (loss) for the period9904€-909k€-141k▲

Profit (loss) for the period to be appropriated9905€-909k€-141k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-415k€444k▲

Profit (loss) brought forward from the previous period14P€494k€585k▲

From contributions791€1.06M€291k▼

To contributions691€59k€52k▼

Social balance

Average headcount (FTE)90871.82.0▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 33Financial 4Gazette 19Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

01-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 1 day late

2023

28-07

State Gazette act Resignation: Nadine Lemaître (director)

Appointment: Isabelle Langlois-Loris (director)3 facts ▸

Board meeting, 20-09-2022
Director resignation, Nadine Lemaître (director)
Director appointment, Isabelle Langlois-Loris (director)

27-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

01-03

State Gazette act Statutes amendment

Power of attorney4 facts ▸

Board meeting, 06-12-2022
Statutes amendment
Statutes amendment
Power of attorney, FONDATION ULB

2022

31-12

Financial Weakest financial yearnet €-1.98M ▼189%

Net result drops to €-1.98M, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity triplescurrent ratio 169.20

Current ratio from 54.34 to 169.20; short-term debt falls from €178k to €45k.

23-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

15-04

State Gazette act Appointments: Annemie Schaus, Marius Gilbert and 4 others

Resignations: Michel Wajs (director) and Pascal Minne (administrateur proche) · Director reappointment11 facts ▸

Board meeting, 15-12-2020
Director appointment, Annemie Schaus (administrateur interne)
Director appointment, Marius Gilbert (administrateur interne)
Director appointment, Michèle Grégoire (administrateur interne)
Director appointment, Didier Viviers (administrateur interne)
Director resignation, Michel Wajs (director)
Director appointment, Pierre Nothomb (administrateur externe)
Director reappointment
Board meeting, 27-04-2021
Director appointment, Jean-Michel Paul (administrateur proche)
Director resignation, Pascal Minne (administrateur proche)

2021

31-12

Financial Back to profitnet €2.21M

Net result €2.21M after one loss-making year.

31-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

Show earlier events

2020

31-12

Financial Liquidity quadruplescurrent ratio 87.94

Current ratio from 23.74 to 87.94; short-term debt falls from €331k to €84k.

20-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 20 days late

2019

30-04

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

01-08

State Gazette act Reappointments: Jean-Pierre Bizet, Pierre Drion and Thomas Simon

Resignation: Christian de Haaij (director) · Appointment: Jacques Delen (director)7 facts ▸

Board meeting, 13-06-2017
Director reappointment, Jean-Pierre Bizet (director)
Director reappointment, Pierre Drion (director)
Director reappointment, Thomas Simon (director)
Board meeting, 20-03-2018
Director resignation, Christian de Haaij (director)
Director appointment, Jacques Delen (director)

04-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

13-04

State Gazette act Resignation: Pierre Francotte (administrateur externe)

Appointment: Pascal Minne (administrateur externe)3 facts ▸

Board meeting, 05-12-2017
Director resignation, Pierre Francotte (administrateur externe)
Director appointment, Pascal Minne (administrateur externe)

01-02

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 185 days late

2017

29-12

State Gazette act Statutes amendment

Power of attorney4 facts ▸

Board meeting, 05-12-2017
Statutes amendment
Statutes amendment
Power of attorney

07-08

State Gazette act Resignation: Eric de Keuleneer (director)

2 facts ▸

Board meeting, 22-03-2016
Director resignation, Eric de Keuleneer (director)

24-05

State Gazette act Resignations: Alain Delchambre (director) and Magnette Paul (director)

Appointments: Eric de Keuleneer (director) and Christian de Haaj (director)5 facts ▸

Board meeting, 31-03-2015
Director resignation, Alain Delchambre (director)
Director resignation, Magnette Paul (director)
Director appointment, Eric de Keuleneer (director)
Director appointment, Christian de Haaj (director)

28-04

State Gazette act Resignation: Vincke, Philippe (director)

Appointment: Viviers, Didiers (director)3 facts ▸

Board meeting, 14-03-2017
Director resignation, Vincke, Philippe (director)
Director appointment, Viviers, Didiers (director)

22-03

State Gazette act Resignation: Viviers, Didier (director)

Appointment: Englert, Yvon (director) · Power of attorney4 facts ▸

General meeting, 06-12-2016
Director resignation, Viviers, Didier (director)
Director appointment, Englert, Yvon (director)
Power of attorney, Christophe Danloy

2016

18-08

State Gazette act Appointment: Michel Wajs (administrateur externe)

2 facts ▸

Board meeting, 14/06/2016
Director appointment, Michel Wajs (administrateur externe)

08-06

State Gazette act Appointment: Pierre Gurdjian (administrateur interne ex officio)

Resignations: Eric de Keuleneer (director) and Didier Bellens (administrateur externe) · Reappointments: Pierre Francotte, Philippe Vincke and 3 others9 facts ▸

Board meeting, 22-03-2016
Director appointment, Pierre Gurdjian (administrateur interne ex officio)
Director resignation, Eric de Keuleneer (director)
Director resignation, Didier Bellens (administrateur externe)
Director reappointment, Pierre Francotte (director)
Director reappointment, Philippe Vincke (director)
Director reappointment, Michèle Grégoire (director)
Director reappointment, Nadine Lemaître (director)
Director reappointment, Catheline Périer-d'leteren (director)

2014

29-09

State Gazette act Reappointments: Didier BELLENS, Jean-Pierre Bizet and 2 others

5 facts ▸

Board meeting, 06-06-2013
Director reappointment, Didier BELLENS (director)
Director reappointment, Jean-Pierre Bizet (director)
Director reappointment, Pierre DRION (director)
Director reappointment, Thomas SIMON (director)

05-08

State Gazette act Statutes amendment · Resignations & appointments

Statutes amendment · Power of attorney3 facts ▸

Board meeting, 26-06-2014
Statutes amendment
Power of attorney, Thomas SIMON

02-01

State Gazette act Resignations & appointments

Statutes amendment · Power of attorney3 facts ▸

Board meeting, 05-12-2013
Statutes amendment
Power of attorney, Thomas SIMON

2012

28-09

State Gazette act Resignations: Vanherweghem, Jean-Louis, Reniers, François and 2 others

5 facts ▸

Board meeting, 23-06-2011
Director resignation, Vanherweghem, Jean-Louis (director)
Director resignation, Reniers, François (director)
Director resignation, Busquin, Philippe (director)
Director resignation, Brotchi, Jacques (director)

28-09

State Gazette act Appointments: Delchambre, Alain, Viviers, Didier and 2 others

5 facts ▸

Board meeting, 23-06-2011
Director appointment, Delchambre, Alain (director)
Director appointment, Viviers, Didier (director)
Director appointment, Francotte, Pierre (director)
Director appointment, Magnette, Paul (director)

28-09

State Gazette act Appointments: Michèle Grégoire, Nadine Lemaitre-Rozencweig and Catheline Périer-d'leteren

4 facts ▸

Board meeting, 19-06-2012
Director appointment, Michèle Grégoire (director)
Director appointment, Nadine Lemaitre-Rozencweig (director)
Director appointment, Catheline Périer-d'leteren (director)

2010

05-11

State Gazette act Statutes amendment

Power of attorney3 facts ▸

Board meeting, 12-10-2010
Statutes amendment
Power of attorney, Thomas Simon

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

17 directors, no change since 2023

Isabelle Langlois-Loris

Director · since 18-07-2023

Current

Jean-Michel Paul

Administrateur proche · since 27-04-2021

Current

Annemie SCHAUS

Administrateur interne · since 15-12-2020

Current

Marius GILBERT

Administrateur interne · since 15-12-2020

Current

Pierre NOTHOMB

Administrateur externe · since 15-12-2020

Current

VIVIERS Didier

Administrateur interne · since 15-12-2020

Current

11 other directors

Michèle Grégoire

Administrateur interne · since 19-09-2012

Current

Jacques Delen

Director · since 23-07-2018

Not recently confirmed

Jean-Pierre BIZET

Director

Not recently confirmed

Pierre Drion

Director

Not recently confirmed

Thomas Simon

Director

Not recently confirmed

Christian de Haaj

Director · since 15-05-2017

Not recently confirmed

Viviers, Didiers

Director · since 28-04-2017

Not recently confirmed

Yvon ENGLERT

Director · since 06-12-2016

Not recently confirmed

Catheline Périer-d'leteren

Director · since 19-09-2012

Not recently confirmed

Pierre Gurdjian

Administrateur interne ex officio · since 22-03-2016

Not recently confirmed

Nadine Lemaitre-Rozencweig

Director · since 19-09-2012

Not recently confirmed

18-07-2023 Isabelle Langlois-Loris: Appointed as Director

18-07-2023 Nadine Lemaître: Resigned as Director

06-04-2022 Pascal MINNE: Resigned as Administrateur proche

27-04-2021 Jean-Michel Paul: Appointed as Administrateur proche

15-12-2020 Annemie SCHAUS: Appointed as Administrateur interne

Full history in the Timeline (43 changes) →

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2008

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Franklin Rooseveltlaan 501050 Brussel

Ground area

5.0 ha

Building footprint

2,058 m²

Volume, LiDAR

32,210 m³

Parcel 21822R0351/00F000, Brussels · tallest building 50.3 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Franklin Rooseveltlaan 50, 1050 Brussel

Other business support services

since 20082.228.966.760

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21822R0351/00F000 ProtectedMonumentUniversité Libre de Bruxelles - gebouw ASource ↗	Brussels	5.0 ha	1 · 2,058 m²	50.3 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Structure & network

Connections & network

57 connected companies

Shared directors

Linked via shared directors

DRS BELGIUM

via Pierre NOTHOMB · Director

→

Egmont-Institut Royal des Relations Internationales

via Annemie SCHAUS and VIVIERS Didier

→

FONDS DE LA RECHERCHE SCIENTIFIQUE-FNRS

via VIVIERS Didier, Annemie SCHAUS and Marius GILBERT

→

FONDS FEDERAL DE LA RECHERCHE SCIENTIFIQUE

via VIVIERS Didier and Annemie SCHAUS

→

Show 53 more companies with a shared director

INSTITUT INTERUNIVERSITAIRE DES SCIENCES NUCLEAIRES

via VIVIERS Didier and Annemie SCHAUS

→

BIOPOLE ULB - CHARLEROI en abrégé BUC

via VIVIERS Didier · Director

former→

BuildUp

via Pierre NOTHOMB · Director

former→

EPSYLON

via Pierre NOTHOMB · Director

former→

EPSYMMO

via Pierre NOTHOMB · Director

former→

Fondation Médicale Reine Elisabeth

via VIVIERS Didier · Director

former→

JEAN CRAB ET SES FILS

via Pierre NOTHOMB · Director

former→

Association Jules Bordet

Shared director

→

ASSOCIATION VINCOTTE NUCLEAR

Shared director

→

AXA BELGIUM

Shared director

→

BANK J.VAN BREDA & C°

Shared director

→

BELFIUS BANQUE

Shared director

→

Belgacom International Carrier Services

Shared director

→

Centre hospitalier universitaire de Tivoli - Institut médical des Mutualités socialistes

Shared director

→

Cinémathèque Royale de Belgique

Shared director

→

D PARTICIPATION MANAGEMENT

Shared director

→

D'Ieteren Automotive SA/NV

Shared director

→

D'Ieteren Group

Shared director

→

Degroof Petercam Asset Management

Shared director

→

DELEN PRIVATE BANK

Shared director

→

ELIA ASSET

Shared director

→

Elia Transmission Belgium

Shared director

→

ENDO TOOLS THERAPEUTICS

Shared director

→

EUROCLEAR

Shared director

→

EUROCLEAR BANK

Shared director

→

FINANCE WATCH

Shared director

→

FINANCES ET INDUSTRIES

Shared director

→

FONDATION BERNHEIM

Shared director

→

Fondation socialiste d'Information et de Gestion

Shared director

→

Fund+

Shared director

→

HYDRALIS

Shared director

→

ICC Belgique

Shared director

→

Intercommunale Gabrielle Passelecq

Shared director

→

Le Logis Montagnard

Shared director

→

Le Travailleur chez Lui

Shared director

→

LHOIST

Shared director

→

MEDIAFIN

Shared director

→

MUNDO - LAB

Shared director

→

Métacentre

Shared director

→

NEO

Shared director

→

NOVADIP BIOSCIENCES

Shared director

→

ORANGE BELGIUM

Shared director

→

PROXIMUS ART

Shared director

→

ROYAL SPORTING CLUB ANDERLECHT

Shared director

→

SIPEF

Shared director

→

SOLVAY

Shared director

→

STATER BELGIUM

Shared director

→

SYNDICAT- D'INITIATIVE-BRUXELLES PROMOTION 1886 SOCIETE ROYALE S.I.B.P.

Shared director

→

TECHNO.BEL

Shared director

→

TotalEnergies Power & Gas Belgium

Shared director

→

U C B

Shared director

→

World Wide Fund for Nature - Belgium

Shared director

→

YOUTHSTART BELGIUM

Shared director

→

Recognitions · licences · registrations

Legal Entity Identifier

9676004LZURQA1EW1E69

no longer live in the LEI register

Similar companies · same sector, comparable size

ENTREPRISE DE TRAVAIL ADAPTE LE PERRON

BE 0404.225.130

Liège · Eq €6.02M

Aide et Soins à Domicile de l' Arrondissement de Verviers

BE 0449.513.143

Verviers · Eq €6.03M

Centre d'Initiatives et d'Actions Santé

CENTRUM VOOR ALGEMEEN WELZIJNSWERK ANTWERPEN

BE 0455.608.604

Antwerpen · Eq €6.18M

Of 2,203 companies in sector 88999 we hold annual accounts for 802. 264 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic-utility foundation

Founded04-12-2008

Fiscal year end31-12

Activities, NACEBEL 2025

88999Other social work without accommodation

Sources

Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.