Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
International School Ghent from Gent, company number BE0841503506, closed financial year 2025 with a result of € -28,896 after tax. For that financial year International School Ghent recorded a gross margin of € 1.3 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € -113,324 to € -28,896. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 9, 2025.
€ 1.1 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,896
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 862,319
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
16.5
▲ 3.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 2% vs 2024
€ 69,100 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.
€ 3.1 million
▼ 5% vs 2024
Of which on lease € 3.1 million.
Debts at end 2025
€ 84,500
Loans from banks and other lenders, long and short.
€ 31,335
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 173,421
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,063,608 | - | - | - | |
| Gross margin | € 928,852 | € 988,205 | € 1,238,274 | € 1,345,341 | ▲ 9% |
| Profit after taxes | € -54,762 | € -96,843 | € -113,324 | € -28,896 | ▲ € 84,428 |
| Equity | € 1,333,763 | € 1,236,920 | € 1,123,596 | € 1,094,700 | ▼ 3% |
| Total debts | € 3,558,738 | € 3,851,792 | € 3,709,711 | € 3,670,905 | ▼ 1% |
| Cash | € 680,485 | € 852,292 | € 688,231 | € 862,319 | ▲ 25% |
| Retained profit | € 983,763 | € 886,920 | € 773,596 | € 744,700 | ▼ 4% |
| Bank debt | € 162,500 | € 162,500 | € 84,500 | € 84,500 | |
| Balance sheet total | € 4,892,501 | € 5,088,712 | € 4,833,307 | € 4,765,605 | ▼ 1% |
| Employees (FTE) | 14.2 | 16.5 | 12.8 | 16.5 | ▲ 3.7 |
Key figures of International School Ghent, 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 March 2027.
What happened to International School Ghent?
What happened at International School Ghent in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 28,896. Source: NBB ↗
- Herwig Reynaert became a director. NBB
- Annemieke. Van Herreweghe became a director. NBB
- Annemieke Van Herreweghe stepped down as director. NBB
- Veerle Bogaert became a director. NBB
- Veerle Quivreux stepped down as director. NBB
- Veerle Quivreux became a director. NBB
- Ann Balthazar stepped down as director. NBB
In short
From € 54,762 loss in 2022 to € 28,896 loss in 2025.
On average € 81,500 of value added per employee in 2025.
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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
Behind International School Ghent are Bert Mons, Marijke Lein, Herwig Reynaert, Luc Van den Berghe, Sofie Bracke and Arne Oosthuyse. Bert Mons is also behind 't WERKPAND and WEST-VLAAMSE DUURZAME LOGISTIEKE WERKVENNOOTSCHAP. Herwig Reynaert is also behind OSTEND SCIENCE PARK, BLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM and Associatie Universiteit Gent. Luc Van den Berghe is also behind Luc VDB Consulting.
Directors
According to the 2025 annual accounts
Marijke Lein
Director
Herwig Reynaert
Chairman of the board
Also active at: OSTEND SCIENCE PARK, BLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM, Associatie Universiteit Gent
since 2025
Sofie Bracke
Director
Also active at: INTERGEMEENTELIJKE SAMENWERKING WESTLEDE, Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken, Toerisme Oost-Vlaanderen, Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid, INCUBATIE- EN INNOVATIECENTRUM UNIVERSITEIT, Citadel Finance, Maatschappij voor Industriële Ontwikkeling te Zwijnaarde, Creat Services +3 more
Arne Oosthuyse
Director
Annemieke. Van Herreweghe
Director
since 2025
Inge Govaerts
Director
Veerle Bogaert
Director
Also active at: DE MAANWANDELAARS VZW, Medisch - Pedagogisch Instituut Ritmica, Ritmica, Centrum voor Aangepaste Pedagogie, DE STAPPE, Cappenberg
since 2025
Veerle Quivreux
Director
since 2025 · until 2025
Ann Balthazar
Director
· until 2025
· until 2025
Establishments
Establishment units
Physical locations of this company
De Pintelaan 258
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
- 0841.503.506
- VAT number
- BE 0841.503.506
- Registered office
- De Pintelaan 258, 9000 Gent
- Names & denominations
- International School Ghent · ISG
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 30 November 2011
- Peppol
- Active · Active since 16 Jul 2026
- Activities · NACE
Gewoon lager onderwijs, neg
Gewoon kleuteronderwijs, neg
Mediarepresentatie
Gewoon algemeen secundair onderwijs, neg