Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FScholen from Brussel, company number BE0825836125, closed financial year 2025 with a result of € 5 million after tax. Compared with financial year 2024, the result moved from € 4.9 million to € 5 million. 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 June 12, 2026.
€ 20.2 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5 million
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 289,894
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.5 million paid out
90 % of the profit went to the shareholders, mostly to BNP PARIBAS FORTIS NV (50 % of the shares). That is where the money ends up.
Debts at end 2025
€ 110.5 million
▼ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 11,034
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 299 days on average.
€ 45,530
▲ 92% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 3,263,376 | € 19,857,322 | € 4,946,187 | € 5,015,149 | ▲ 1% |
| Equity | € 18,923,155 | € 19,280,477 | € 19,726,664 | € 20,241,814 | ▲ 3% |
| Total debts | € 123,573,232 | € 121,216,321 | € 118,327,515 | € 115,084,840 | ▼ 3% |
| Cash | € 203,280 | € 308,833 | € 307,757 | € 289,894 | ▼ 6% |
| Retained profit | € 1,073,155 | € 1,430,477 | € 1,876,664 | € 2,391,814 | ▲ 27% |
| Dividend | € 3,000,000 | € 19,500,000 | € 4,500,000 | € 4,500,000 | |
| Bank debt | € 120,552,786 | € 118,197,031 | € 113,792,791 | € 110,528,277 | ▼ 3% |
| Balance sheet total | € 142,496,387 | € 140,496,799 | € 138,054,180 | € 135,326,654 | ▼ 2% |
Key figures of FScholen, 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 FScholen?
What happened at FScholen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Evelyn VOLCKERYCK stepped down as director. NBB
- MARC VAN BEGIN BV stepped down as director. NBB
- Kirsten DEKNOP stepped down as director. NBB
- Hendrik DEBOUTTE stepped down as director. NBB
- Serge FAUTRE stepped down as director. NBB
- Gilles MASSON stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 5 million (▲ 1% vs 2024). Source: NBB ↗
- Evelyn VOLCKERYCK became a director. NBB
In short
From € 3.3 million profit in 2022 to € 5 million profit in 2025.
Paid € 527,746 in corporate taxes since 2022.
Best year ever: 2023, with € 19.9 million profit.
Paid out € 31.5 million in dividends to the owners in total.
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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
The shares are held by BNP PARIBAS FORTIS NV (50%) and AG REAL ESTATE NV (50%). It owns 75% of DBFM Scholen van Morgen itself.
Directors
According to the 2025 annual accounts
Evelyn VOLCKERYCK
Director
since 2024 · until 2028
Director · represented by Marc VAN BEGIN
Also active at: LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT, AG REAL ESTATE, INTERPARKING, Le Patrimoine immobilier - Het Onroerende Vermogen, Brussels International Trade Mart Ltd. and Co., Citymo, AG REAL ESTATE LAND, NOUVELLES GALERIES DU BOULEVARD ANSPACH +70 more
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Serge FAUTRE
Director
Also active at: DBFM Scholen van Morgen, Schoolkracht, Scholen van Vlaanderen (Perceel 1)
since 2022 · until 2028
Gilles MASSON
Director
since 2022 · until 2028
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Kunstlaan 58
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT same network
€ 1.1 million gross margin · 2025
AG REAL ESTATE same network
€ 33.7 million revenue · 2025
Le Patrimoine immobilier - Het Onroerende Vermogen same network
€ -67,550 gross margin · 2025
Thilly Reinsurance Services
Citymo same network
€ 14 million revenue · 2025
+83 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0825.836.125
- VAT number
- BE 0825.836.125
- Registered office
- Kunstlaan 58, 1000 Brussel
- Names & denominations
- FScholen
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 2010
- Peppol
- Active · Active since 1 Jan 2001