Institut Sainte-Ursule
ActiveInstitut Sainte-Ursule has been active since 1955 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.62M and a net result of €84k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 803 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
94
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-6
Solvency99▲+2
Growth64▲+1
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 7.53 against 2.98 in 2023), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.4%
Return on assets
1.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
62 d late
2023
427 d late
2022
152 d late
2021
11 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€225k▲ 7.1%
2023 · €210k
2018: €207k
2019: €216k
2020: €153k
2021: €198k
2022: €214k
2023: €210k
2018 → 2024
EBIT margin
0.1%▼ 104.3pp
2023 · 104.3%
2018: 29.4%
2019: 3.3%
2020: 74.7%
2021: 37.6%
2022: 107.0%
2023: 104.3%
2018 → 2024
Net result
€84k▼ 65.8%
2023 · €246k
2018: €55k
2019: €11k
2020: €137k
2021: €98k
2022: €257k
2023: €246k
2018 → 2024
Working capital
€1.82M▲ 16.2%
2023 · €1.56M
2018: €868k
2019: €795k
2020: €744k
2021: €912k
2022: €1.23M
2023: €1.56M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€153k-€198k▲ 29.7%€214k▲ 8.1%€210k▼ 2.1%€225k▲ 7.1%
Equity€3.36M-€3.49M▲ 3.8%€3.76M▲ 7.9%€4.45M▲ 18.3%€4.62M▲ 3.8%
Operating result€114k-€75k▼ 34.7%€229k▲ 208%€219k▼ 4.5%€126▼ 99.9%
Net result€137k-€98k▼ 28.6%€257k▲ 162%€246k▼ 4.1%€84k▼ 65.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 100% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.65M
Fixed assets
€5.56M▼ 1.8%
Current assets
€2.10M▼ 11.0%
Equity and liabilities €7.65M
Equity
€4.62M▲ 3.8%
Debt
€3.03M▼ 14.9%
The debt ratio falls from 44.5% to 39.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€342k▼
2023 · €553k
Cash flow
€427k▼
2023 · €580k
Solvency
60.4%▲
2023 · 55.5%
Current ratio
7.53▲
2023 · 2.98
Quick ratio
7.53▲
2023 · 2.98
Debt / equity
0.66▼
2023 · 0.80
ROE
1.8%▼
2023 · 5.5%
ROA
1.1%▼
2023 · 3.1%
Interest coverage
10.58▼
2023 · 15.99
Debt
€3.03M▼
2023 · €3.57M
Debt ≤ 1 year
€278k▼
2023 · €790k
Debt > 1 year
€2.59M▼
2023 · €2.62M
Staff costs
€11.96M▲
2023 · €11.32M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€8.02M€7.65M▼
Fixed assets21/28€5.66M€5.56M▼
Intangible fixed assets21€10k€8k▼
Tangible fixed assets22/27€5.65M€5.55M▼
Land and buildings22€5.32M€5.14M▼
Plant, machinery and equipment23€180k€172k▼
Furniture and vehicles24€103k€89k▼
Assets under construction and advance payments27€50k€147k▲
Current assets29/58€2.35M€2.10M▼
Amounts receivable after more than one year29€160k€149k▼
Other amounts receivable291€160k€149k▼
Amounts receivable within one year40/41€894k€843k▼
Trade receivables40€239k€235k▼
Other amounts receivable41€655k€607k▼
Cash at bank and in hand54/58€1.12M€903k▼
Deferred charges and accrued income490/1€181k€201k▲
Equity and liabilities
Total equity and liabilities10/49€8.02M€7.65M▼
Equity10/15€4.45M€4.62M▲
Contributions10/11€1.51M€1.51M=
Capital10€1.51M€1.51M=
Profit (loss) carried forward14€1.68M€1.76M▲
Investment grants15€1.26M€1.35M▲
Amounts payable17/49€3.57M€3.03M▼
Amounts payable after more than one year17€2.62M€2.59M▼
Financial debts170/4€2.62M€2.59M▼
Credit institutions173€2.62M€2.59M▼
Amounts payable within one year42/48€790k€278k▼
Current portion of amounts payable after more than one year42€150k€149k▼
Trade debts44€556k€24k▼
Suppliers440/4€556k€24k▼
Advances received on contracts in progress46€55k€67k▲
Taxes, remuneration and social security45€28k€36k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€26k€34k▲
Accrued charges and deferred income492/3€154k€169k▲
Income statement
Code20232024
Operating income70/76A€13.09M€13.72M▲
Turnover70€210k€225k▲
Other operating income74€290k€327k▲
Non-recurring operating income76A€25k€17▼
Operating charges60/66A€12.87M€13.72M▲
Goods for resale, raw materials and consumables60€90k€99k▲
Purchases600/8€90k€99k▲
Services and other goods61€1.13M€1.22M▲
Remuneration, social security and pensions62€11.32M€11.96M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€334k€342k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-13k€-5k▲
Other operating charges640/8€3k€8k▲
Non-recurring operating charges66A€983€93k▲
Operating profit (loss)9901€219k€126▼
Financial income75/76B€64k€119k▲
Recurring financial income75€64k€119k▲
Income from financial fixed assets750-€624
Income from current assets751€2k€3k▲
Other financial income752/9€62k€115k▲
Financial charges65/66B€37k€35k▼
Recurring financial charges65€37k€35k▼
Debt charges650€35k€32k▼
Other financial charges652/9€2k€3k▲
Profit (loss) for the period before taxes9903€246k€84k▼
Profit (loss) for the period9904€246k€84k▼
Profit (loss) for the period to be appropriated9905€246k€84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.68M€1.76M▲
Profit (loss) brought forward from the previous period14P€1.43M€1.68M▲
Social balance
Average headcount (FTE)908710.712.0▲
The notes to these accounts (45 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 62 days late
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 427 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 7.53
Current ratio from 2.98 to 7.53; short-term debt falls from €790k to €278k.
2023
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 152 days late
2022
31-12
Financial
Highest result since 2018net €257k ▲162%
Operating result €229k, net result €257k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €11k ▼80.6%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Namur · 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.
Rue de Bruxelles 785000 NamurGround area
1.3 ha
Building footprint
1,735 m²
Volume, LiDAR
21,732 m³
Parcel 92094C1250/00X000, Wallonia · tallest building 19.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ECOLE FONDAMENTALE LIBRE SUBVENTIONNEE - INSTITUT SAINTE-URSULE
since 20072.167.190.529
INSTITUT SAINTE-URSULE
since 20072.167.190.628
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C1250/00X000 | Wallonia | 1.3 ha | 1 · 1,735 m² | 19.7 m · 4 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
2021 to 2025 · 472 entries · 6,008,555 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 157 | 1,609,667 EUR |
| 2024 | 166 | 1,639,482 EUR |
| 2023 | 50 | 1,430,814 EUR |
| 2022 | 96 | 1,239,442 EUR |
| 2021 | 3 | 89,149 EUR |
Budget allocations
Subventions forfaitaires - Enseignement de plein exercice
Subventions forfaitaires dans le fondamental
Infrastructures - appel à projet sanitaires
PPT SANITAIRES
Dépenses de toute nature relatives au soutien du travail des directeurs d'établissements scolaires
Show 15 more
Dépenses relatives aux moyens complémentaires alloués aux projets des écoles et implantations bénéficiant de l'encadrement différencié
Financement d’urgence visant à soutenir les secteurs dépendant de la Fédération Wallonie-Bruxelles suite à la crise du coût de l'énergie
Stratégie numérique pour l'enseignement
Dépenses de toute nature relatives au renforcement de la gratuité scolaire
Dépenses liées à l'équipement de l'enseignement technique et professionnel
Dépenses de toute nature relative à l'acquisition des manuels scolaires, de logiciels scolaires, d'outils pédagogiques et de livrespour la jeunesse
Provision pour la stratégie numérique dans l'enseignement
Subventions pour les surveillances de midi dans les établissements fondamental de l'ELS
Fonds budgétaire pour la réalisation de programmes d'actions ou de formation et de réinsertion professionnelles dans l'enseignementobligatoire de plein exercice, ordinaire et spécialisé, et l'enseignement en alternance
Sub. - PV : AES 1
Subventions forfaitaires
Financement du décret relatif à la transmission de la mémoire des crimes de génocides et des crimes contre l'humanité
Dépenses de toute nature liées à la revalorisation de l'enseignement technique et professionnel
Sub. - PV : Opérateur PAD
Mise en œuvre du PECA
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.167.190.529
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Of 605 companies in sector 85204 we hold annual accounts for 183. 150 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded14-12-1955
Fiscal year end31-12
Activities, NACEBEL
80214
85204Subsidised independent mainstream primary education
85314Education
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.