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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Shrinking team NBB
FTE fell two years in a row, from 1 to 0.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DBFM Scholen van Morgen from Brussel, company number BE0826531555, closed financial year 2025 with a result of € 14.2 million after tax. For that financial year DBFM Scholen van Morgen recorded revenue of € 32.8 million and equity of € 77.2 million. Compared with financial year 2024, the result moved from € 14.6 million to € 14.2 million. The company is profitable. 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 May 28, 2026.
€ 77.2 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14.2 million
▼ 3% vs 2024
Profit after tax over the fiscal year.
€ 104.2 million
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6 million paid out
42 % of the profit went to the shareholders, mostly to FSCHOLEN NV (75 % of the shares). That is where the money ends up.
People and assets in 2025
0
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 1.4 billion
▼ 3% vs 2024
€ 47.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 29 years.
€ 408,902
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 5 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 74,783,032 | € 77,881,729 | € 32,214,547 | € 32,804,265 | ▲ 2% |
| Profit after taxes | € 10,388,950 | € 14,582,894 | € 14,597,646 | € 14,157,832 | ▼ 3% |
| Equity | € 51,833,664 | € 60,416,558 | € 69,014,204 | € 77,172,036 | ▲ 12% |
| Total debts | € 1,553,259,739 | € 1,491,103,965 | € 1,447,265,473 | € 1,402,098,152 | ▼ 3% |
| Cash | € 114,404,197 | € 98,281,532 | € 102,372,091 | € 104,170,412 | ▲ 2% |
| Retained profit | € 28,083,664 | € 36,666,558 | € 45,264,204 | € 53,422,036 | ▲ 18% |
| Dividend | € 26,000,000 | € 6,000,000 | € 6,000,000 | € 6,000,000 | |
| Bank debt | € 1,496,328,268 | € 1,463,032,180 | € 1,417,576,528 | € 1,370,751,230 | ▼ 3% |
| Balance sheet total | € 1,605,093,403 | € 1,551,520,523 | € 1,516,279,677 | € 1,479,270,188 | ▼ 2% |
| Employees (FTE) | 1 | 1 | 0.3 | 0 | ▼ 0.3 |
Key figures of DBFM Scholen van Morgen, 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 DBFM Scholen van Morgen?
What happened at DBFM Scholen van Morgen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kürt VLEMINCKX stepped down as director. NBB
- Lalynn WADERA 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 € 14.2 million (▼ 3% vs 2024). Source: NBB ↗
- Lalynn WADERA became a director. NBB
- Dries VERHAEGHE stepped down as director. NBB
- Kürt VLEMINCKX became a director. NBB
In short
From € 10.4 million profit in 2022 to € 14.2 million profit in 2025.
Paid € 17.9 million in corporate taxes since 2022.
Best year ever: 2024, with € 14.6 million profit.
Paid out € 44 million in dividends to the owners in total.
Management
The shares are held by FSCHOLEN NV (75%) and SCHOOL INVEST NV (25%).
Directors
According to the 2025 annual accounts
Kürt VLEMINCKX
Director
since 2023 · until 2029
Lalynn WADERA
Director
Also active at: DiversLeuven, Kinderkuren, International School of Leuven, Health House, Leuven MindGate, Erfgoedsite Abdij Van Park, Wetenschapspark Leuven Noord, Ligo, Centrum voor Basiseducatie Oost-Brabant +1 more
since 2025 · until 2029
since 2023 · until 2029
Gilles MASSON
Director
since 2023 · until 2029
since 2023 · until 2025
Shareholders
75%
25%
Participations
No participations in other companies reported.
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.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0826.531.555
- VAT number
- BE 0826.531.555
- Registered office
- Kunstlaan 58, 1000 Brussel
- Names & denominations
- DBFM Scholen van Morgen
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 June 2010
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- scholenvanmorgen.be
- Activities · NACE
Handel in eigen onroerend goed