Financials
Financial year 2025
Haute Ecole ICHEC - ECAM - ISFSC from Sint-Pieters-Woluwe, company number BE0459634993, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year Haute Ecole ICHEC - ECAM - ISFSC recorded revenue of € 4.2 million and equity of € 19.3 million. Compared with financial year 2024, the result moved from € 2.8 million to € 1.5 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 19.3 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▼ 47% vs 2024
Profit after tax over the fiscal year.
€ 5.8 million
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
66.8
▲ 5.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 23.7 million
▲ 7% vs 2024
€ 354,100 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.
€ 911,833
▲ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9.2 million
▼ 6% vs 2024
€ 875,042 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 1.3 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 764,023
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,137,208 | € 4,170,024 | € 4,390,372 | € 4,216,698 | ▼ 4% |
| Profit after taxes | € 1,698,579 | € 2,461,415 | € 2,759,261 | € 1,469,625 | ▼ 47% |
| Equity | € 12,655,327 | € 15,116,742 | € 17,876,003 | € 19,345,628 | ▲ 8% |
| Total debts | € 16,601,864 | € 15,125,524 | € 15,104,320 | € 16,099,781 | ▲ 7% |
| Cash | € 8,477,333 | € 8,089,085 | € 3,987,333 | € 5,764,431 | ▲ 45% |
| Land & buildings | € 11,556,416 | € 11,042,996 | € 10,539,225 | € 10,124,946 | ▼ 4% |
| Retained profit | € 11,904,651 | € 14,366,066 | € 17,125,327 | € 18,594,952 | ▲ 9% |
| Bank debt | € 10,978,908 | € 10,404,690 | € 9,828,823 | € 9,244,313 | ▼ 6% |
| Balance sheet total | € 29,257,191 | € 30,242,266 | € 32,980,323 | € 35,445,409 | ▲ 7% |
| Employees (FTE) | 62.1 | 61.7 | 61.7 | 66.8 | ▲ 5.1 |
Key figures of Haute Ecole ICHEC - ECAM - ISFSC, 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 Haute Ecole ICHEC - ECAM - ISFSC?
What happened at Haute Ecole ICHEC - ECAM - ISFSC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick VANVINCKENROYE stepped down as director. NBB
- ISABELLE CRUYSMANS stepped down as director. NBB
- SANDRINE DAVID stepped down as director. NBB
- MIKAEL DHEN stepped down as director. NBB
- MAXIME STEISEL stepped down as director. NBB
- DANIELLE PETO stepped down as director. NBB
- MATHILDE FOX stepped down as director. NBB
- GUILLAUME MASSANGE stepped down as director. NBB
In short
From € 1.7 million profit in 2022 to € 1.5 million profit in 2025.
Best year ever: 2024, with € 2.8 million profit.
Pays suppliers within 69 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
GUILLAUME MASSANGE
Director
since 2024 · until 2027
AGNES DELTENRE
Director
since 2023 · until 2027
since 2025 · until 2026
BORIS VERHAEGEN
Director
since 2025 · until 2026
Patrick VANVINCKENROYE
Director
since 2025 · until 2029
ISABELLE CRUYSMANS
Director
since 2025 · until 2029
MARTINE BAYENS
Director
since 2024 · until 2027
SANDRINE DAVID
Director
since 2025 · until 2029
MIKAEL DHEN
Director
since 2025 · until 2029
NATHALIE CHATZIDIMITRIOU
Director
since 2025 · until 2026
NELLE REUNIS
Director
since 2025 · until 2026
since 2023 · until 2027
Diandra LAHAEYE
Director
since 2025 · until 2026
Etienne DAVIGNON
Chairman of the board
Also active at: Institut Catholique des Hautes Etudes Commerciales, SPA GRAND PRIX
since 2023 · until 2027
MAXIME STEISEL
Director
since 2025 · until 2029
since 2023 · until 2027
DANIELLE PETO
Director
since 2025 · until 2029
Olivier VANDOOREN
Director
since 2023 · until 2027
AURELIEN REMACLE
Director
since 2025 · until 2026
MATHILDE FOX
Director
since 2025 · until 2029
Establishments
Establishment units
Physical locations of this company
Brand Whitlocklaan 6
1150 Sint-Pieters-Woluwe
Poststraat 111
1030 Schaarbeek
Active since 1 January 2007
Brand Whitlocklaan 6 box A
1150 Sint-Pieters-Woluwe
Active since 1 January 2007
Almawandeling 50
1200 Sint-Lambrechts-Woluwe
Active since 14 September 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
BELNET, BE
Website info
Features
Security
Details
- Company number
- 0459.634.993
- VAT number
- BE 0459.634.993
- Registered office
- Brand Whitlocklaan 6, 1150 Sint-Pieters-Woluwe
- Names & denominations
- Haute Ecole ICHEC - ECAM - ISFSC
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 30 October 1996
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- ichec.be
- Activities · NACE
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