Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5 to 3.8.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Collegium Vocale Gent from Gent, company number BE0439381987, closed financial year 2025 with a result of € 41,451 after tax. For that financial year Collegium Vocale Gent recorded revenue of € 1.2 million and equity of € 624. Compared with financial year 2024, the result moved from € -240,180 to € 41,451. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 624
▲ € 41,451 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,451
▲ still € 240,180 loss in 2024
Profit after tax over the fiscal year.
€ 55,372
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
3.8
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 552,784
▼ 35% vs 2024
€ 145,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,721
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 200,000
€ 20,000 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 77,228
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 129,032
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 1,229,378 | |
| Gross margin | € 747,724 | € 903,338 | € 660,774 | € 536,414 | ▼ 19% |
| Profit after taxes | € -297,977 | € 146,213 | € -240,180 | € 41,451 | ▲ € 281,631 |
| Equity | € 53,140 | € 199,353 | € -40,827 | € 624 | ▲ € 41,451 |
| Total debts | € 370,990 | € 281,457 | € 397,004 | € 476,760 | ▲ 20% |
| Cash | € 123,755 | € 110,117 | € 78,428 | € 55,372 | ▼ 29% |
| Retained profit | € 53,140 | € 199,353 | € -40,827 | € 624 | ▲ € 41,451 |
| Bank debt | € 0 | € 0 | € 200,000 | € 200,000 | |
| Balance sheet total | € 424,130 | € 480,810 | € 356,177 | € 477,384 | ▲ 34% |
| Employees (FTE) | 7.6 | 5 | 3.9 | 3.8 | ▼ 0.1 |
Key figures of Collegium Vocale Gent, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Collegium Vocale Gent?
What happened at Collegium Vocale Gent in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Felix Verheyden stepped down as director. NBB
- Frederik Styns stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 41,451. filed late Source: NBB ↗
- Petra De Sutter stepped down as director. NBB
- Christine Mussche stepped down as director. NBB
- Lucien De Busscher stepped down as director. NBB
- Christophe Peeters stepped down as director. NBB
- Griet Nuytinck stepped down as director. NBB
In short
From € 297,977 loss in 2022 to € 41,451 profit in 2025.
Paid € 4,196 in corporate taxes since 2022.
Best year ever: 2023, with € 146,213 profit.
On average € 141,200 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Petra De Sutter
Director
Also active at: Vlerick Business School, VLERICK RESEARCH, Associatie Universiteit Gent
since 2022 · until 2026
Frederik Styns
Director
since 2024 · until 2030
Christine Mussche
Director
since 2022 · until 2026
Felix Verheyden
Director
since 2025 · until 2031
Lucien De Busscher
Chairman of the board
Also active at: Festival van Vlaanderen Gent en Historische Steden, ERNST & YOUNG CONSULTING, CAMBRIDGE CONTINENTAL
since 2022 · until 2026
Christophe Peeters
Director
Also active at: Farys, Intercommunale Maatschappij Opera voor Vlaanderen, Stadsontwikkeling Gent (sogent), AquaFlanders, VLAAMSE ENERGIEHOLDING, Fluvius System Operator, Investeringsmaatschappij Modest, SYNDUCTIS +2 more
since 2022 · until 2026
Griet Nuytinck
Director
Also active at: Antwerp Symphony Orchestra, VLAAMS INSTITUUT VOOR BIOTECHNOLOGIE - FLANDERS INSTITUTE FOR BIOTECHNOLOGY, Orpheus Instituut
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Drongenhof 42
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.381.987
- VAT number
- BE 0439.381.987
- Registered office
- Drongenhof 42, 9000 Gent
- Names & denominations
- Collegium Vocale Gent
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 1 February 1989
- Peppol
- Active · Active since 7 Aug 2025
- Activities · NACE
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