INSTITUT SAINTE MARIE
ActiveSummary
INSTITUT SAINTE MARIE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €269k and a net result of €137k. Equity is growing by ~67.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▲+3
Solvency68▲+20
Growth35=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days only on tighter terms
Liquidity ample (current ratio 3.46 against 1.97 in 2023; short-term debt: 17.7% and cash: 14.5% of total assets), but 56.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2026, 316 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
316 d late
2023
8 d early
2022
35 d early
2021
17 d early
2020
44 d late
2019
81 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€26k▼ 13.6%
2019 · €30k
2018: €39k
2019: €30k
2018 → 2020
EBIT margin
391.5%▼ 191.1pp
2019 · 582.6%
2018: 381.0%
2019: 582.6%
2018 → 2020
Net result
€137k▼ 8.3%
2023 · €150k
2018: €150k
2019: €143k
2020: €99k
2021: €93k
2022: €-8k
2023: €150k
2018 → 2024
Working capital
€270k▲ 17.1%
2023 · €231k
2018: €4k
2019: €77k
2020: €108k
2021: €182k
2022: €166k
2023: €231k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€26k-
Equity€21k-€103k▲ 383%€45k▼ 56.2%€182k▲ 304%€269k▲ 47.8%
Operating result€102k-€95k▼ 6.5%€-5k€151k€141k▼ 6.2%
Net result€99k-€93k▼ 6.4%€-8k€150k€137k▼ 8.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €622k
Fixed assets
€242k ▼ 23.5%
Current assets
€380k ▼ 19.0%
Equity and liabilities €622k
Equity
€269k ▲ 47.8%
Provisions
€0 ▼ 100%
Debt
€353k ▼ 31.7%
Debt's share of the balance-sheet total falls from 65.7% to 56.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€244k▼
2023 · €247k
Cash flow
€240k▼
2023 · €246k
Current ratio
3.46▲
2023 · 1.97
Debt to equity
1.31▼
2023 · 2.83
ROE
51.0%▼
2023 · 82.1%
ROA
22.1%▲
2023 · 19.1%
Interest coverage
56.49▼
2023 · 252.05
Debt ≤ 1 year
€110k▼
2023 · €238k
Debt > 1 year
€243k▼
2023 · €278k
Staff costs
€4.30M▼
2023 · €4.35M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€785k€622k▼
Fixed assets21/28€316k€242k▼
Tangible fixed assets22/27€316k€241k▼
Land and buildings22€125k€85k▼
Plant, machinery and equipment23€43k€52k▲
Furniture and vehicles24€89k€61k▼
Other tangible fixed assets26€42k€43k▲
Assets under construction and advance payments27€16k-
Financial fixed assets28€305€335▲
Current assets29/58€469k€380k▼
Amounts receivable within one year40/41€270k€288k▲
Trade receivables40€53k€58k▲
Other amounts receivable41€217k€230k▲
Cash at bank and in hand54/58€199k€90k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€785k€622k▼
Equity10/15€182k€269k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Profit (loss) carried forward14€22k€160k▲
Investment grants15€142k€91k▼
Provisions and deferred taxes16€87k-
Provisions for liabilities and charges160/5€87k-
Other liabilities and charges164/5€87k-
Amounts payable17/49€516k€353k▼
Amounts payable after more than one year17€278k€243k▼
Financial debts170/4€278k€243k▼
Amounts payable within one year42/48€238k€110k▼
Current portion of amounts payable after more than one year42€191k€46k▼
Trade debts44€31k€49k▲
Suppliers440/4€31k€49k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€186€15▼
Remuneration and social security454/9€8k€7k▼
Income statement
Code20232024
Non-recurring operating income76A€71€5k▲
Remuneration, social security and pensions62€4.35M€4.30M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€102k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k€-15k▼
Other operating charges640/8-€19k
Non-recurring operating charges66A-€9k
Gross operating margin9900€4.60M€4.47M▼
Operating profit (loss)9901€151k€141k▼
Financial income75/76B€146€346▲
Recurring financial income75€146€346▲
Financial charges65/66B€981€4k▲
Recurring financial charges65€981€4k▲
Profit (loss) for the period before taxes9903€150k€137k▼
Profit (loss) for the period9904€150k€137k▼
Profit (loss) for the period to be appropriated9905€150k€137k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€160k▲
Profit (loss) brought forward from the previous period14P€-128k€23k▲
Social balance
Average headcount (FTE)90872.62.3▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 316 days late
2024
31-12
Financial
Equity above €200kEq €269k ▲47.8%
2 profitable years in a row build equity to €269k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €150k
Net result €150k after one loss-making year.
31-12
Financial
Equity above €150kEq €182k ▲304%
Equity rises from €45k to €182k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-8k ▼109%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100kEq €103k ▲383%
4 profitable years in a row build equity to €103k.
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 44 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 81 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 244 days late
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
10-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 132 days late
2016
26-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 2 establishment units since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Emile Feronstraat 51060 Sint-Gillis (bij-Brussel)Ground area
1,109 m²
Building footprint
436 m²
Volume, LiDAR
6,901 m³
Parcel 21562A0376/00Z007, Brussels · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
INSTITUT SAINTE-MARIE
since 20072.167.190.133
INSTITUT SAINTE-MARIE
since 20072.169.313.938
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0376/00Z007 | Brussels | 1,108 m² | 1 · 436 m² | 18.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2022 to 2025 · 192 entries · 1,880,666 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 19 | 445,973 EUR |
| 2024 | 31 | 452,855 EUR |
| 2023 | 113 | 529,342 EUR |
| 2022 | 29 | 452,496 EUR |
Budget allocations
Subventions forfaitaires - Enseignement de plein exercice
Subventions forfaitaires dans le fondamental
Subventions forfaitaires
Financement d’urgence visant à soutenir les secteurs dépendant de la Fédération Wallonie-Bruxelles suite à la crise du coût de l'énergie
Dépenses relatives aux moyens complémentaires alloués aux projets des écoles et implantations bénéficiant de l'encadrement différencié
Show 1 more
Dépenses de toute nature relative à l'acquisition des manuels scolaires, de logiciels scolaires, d'outils pédagogiques et de livrespour la jeunesse
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Of 65 companies in sector 85324 we hold annual accounts for 46. 23 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded22-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
85324Education
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.