PROMOTION DE LA HAUTE ECOLE DE LA VILLE DE LIEGE

Active

Non-profit associationfounded 199927 yrs activeRue Hazinelle 2, 4000 Liège, BelgiumKBO/BCE: BE 0465.164.587

PROMOTION DE LA HAUTE ECOLE DE LA VILLE DE LIEGE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €-1k. Its solvency ranks better than 83% of 383 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

Score 2025

94 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▲+60

Solvency100=

Growth58

Track record100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days acceptable

Liquidity ample (current ratio 31.72 against 47.82 in 2024; short-term debt: 3.1% and cash: 93% of total assets), and 8.1% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 94

Relative position

BE, all sectors

reference

Sector 94

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

91.9%

Return on assets

-0.1%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

57 d early

2024

98 d late

2023

56 d early

2022

76 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€32k

EBIT margin

-229.4%

Net result

€-1k▲ 98.2%

2024 · €-62k

2024: €-62k

2024 → 2025

Working capital

€1.55M▼ 1.5%

2024 · €1.57M

2024: €1.57M

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Turnover€32k-

Equity€1.51M-€1.51M▼ 0.1%

Operating result€-73k-€-12k▲ 83.6%

Net result€-62k-€-1k▲ 98.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €12k in 2025 against €73k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.64M

97.3%

Fixed assets €45k▼ 17.5%

Current assets €1.60M▼ 0.4%

Equity and liabilities €1.64M

91.9%

Equity €1.51M▼ 0.1%

Debt €134k▼ 10.1%

The debt ratio falls from 9.0% to 8.1%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€23k▲

2024 · €-20k

Cash flow

€34k▲

2024 · €-8k

Solvency

91.9%▲

2024 · 91.0%

Current ratio

31.72▼

2024 · 47.82

Quick ratio

31.72▼

2024 · 47.82

Debt / equity

0.09▼

2024 · 0.10

ROE

-0.1%▲

2024 · -4.1%

ROA

-0.1%▲

2024 · -3.7%

Interest coverage

37.05▲

2024 · -97.39

Debt

€134k▼

2024 · €149k

Debt ≤ 1 year

€50k▲

2024 · €34k

Income taxes

€4k▼

2024 · €5k

Staff costs

€819▼

2024 · €3k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.66M€1.64M▼

Fixed assets21/28€54k€45k▼

Tangible fixed assets22/27€54k€45k▼

Plant, machinery and equipment23-€1k

Furniture and vehicles24€54k€43k▼

Current assets29/58€1.60M€1.60M▼

Amounts receivable within one year40/41€3k€1k▼

Other amounts receivable41€3k€1k▼

Cash at bank and in hand54/58€1.53M€1.53M▼

Deferred charges and accrued income490/1€69k€69k▼

Equity and liabilities

Total equity and liabilities10/49€1.66M€1.64M▼

Equity10/15€1.51M€1.51M▼

Reserves13€34k€34k=

Profit (loss) carried forward14€1.48M€1.47M▼

Amounts payable17/49€149k€134k▼

Amounts payable within one year42/48€34k€50k▲

Trade debts44€8k€23k▲

Suppliers440/4€8k€23k▲

Accrued charges and deferred income492/3€115k€83k▼

Income statement Code20242025

Turnover70€32k-

Non-recurring operating income76A€801-

Goods, raw materials, services and sundry goods60/61€321k€274k▼

Remuneration, social security and pensions62€3k€819▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€35k▼

Other operating charges640/8€209k€195k▼

Non-recurring operating charges66A€94€55▼

Gross operating margin9900€192k€219k▲

Operating profit (loss)9901€-73k€-12k▲

Financial income75/76B€17k€15k▼

Recurring financial income75€17k€15k▼

Financial charges65/66B€201€623▲

Recurring financial charges65€201€623▲

Profit (loss) for the period before taxes9903€-57k€3k▲

Income taxes67/77€5k€4k▼

Profit (loss) for the period9904€-62k€-1k▲

Profit (loss) for the period to be appropriated9905€-62k€-1k▲

Appropriation of the result

Profit (loss) to be appropriated9906€1.48M€1.47M▼

Profit (loss) brought forward from the previous period14P€1.54M€1.48M▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 25Gazette 21Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

18-11

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation29 facts ▸

General meeting, 2025-11-04
Member resignation, Danielle Adriaenssens
Member resignation, Coralie Bossy
Director resignation, Danielle Adriaenssens (administrateur)
Director resignation, Coralie Bossy (administrateur)
Member admission, Mehmet AYDOGDU
Member admission, Sarah EL HASNAOUI
Member admission, Diana NIKOLIC
Member admission, Pierre EYBEN
Member admission, Céline FASSOTTE
Member admission, Gauthier JOYEAUX
Director appointment, Mehmet AYDOGDU (administrateur)
+17 further facts in this act

06-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 98 days late

07-01

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation22 facts ▸

General meeting, 2024-12-09
Member resignation, Jean-Pierre Hupkens
Director resignation, Jean-Pierre Hupkens (administrateur)
Member admission, Julie Fernandez Fernandez
Director appointment, Julie Fernandez Fernandez (administrateur)
Director appointment, Julie Fernandez Fernandez (présidente)
Member resignation, Pascal Rodeyns
Member resignation, Pierre Eyben
Member resignation, Giuseppe Maniglia
Director resignation, Pascal Rodeyns (administrateur)
Director resignation, Pierre Eyben (administrateur)
Director resignation, Giuseppe Maniglia (administrateur)
+10 further facts in this act

2024

03-10

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation17 facts ▸

General meeting, 2024-09-13
Member resignation, Marc GILLIS
Director resignation, Marc GILLIS (administrateur)
Member resignation, Théo Compère
Director resignation, Théo Compère (administrateur)
Director appointment, Coralie Bossy (administratrice)
Board composition, Administrateur/Président, 2024-09-13
Board composition, Administrateur, 2024-09-13
Board composition, Administrateur/ secrétaire/gestion journalière, 2024-09-13
Board composition, Administrateur, 2024-09-13
Board composition, Administrateur/ vice-présidente, 2024-09-13
Board composition, Administrateur, 2024-09-13
+5 further facts in this act

05-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

22-09

State Gazette act Statutes amendment · Resignations & appointments

General meeting · Statutes amendment · Corporate purpose24 facts ▸

General meeting, 2023-09-12
Statutes amendment
Corporate purpose, 1) La gestion des frais d'études et tous droits ou frais divers perçus auprès des étudiants de la HEL et toutes opérations y afférentes ; 2) L'élaboration et la…
Director resignation, Pascale LEBICHOT (administrateur)
Director resignation, Pascale LEBICHOT (secrétaire)
Director resignation, Pascale LEBICHOT (déléguée à la gestion journalière)
Director appointment, Anaïs GREGOIRE (administrateur)
Board composition, Administrateur/Président, 2023-09-14
Board composition, Administrateur, 2023-09-14
Board composition, Administrateur, 2023-09-14
Board composition, Administrateur, 2023-09-14
Board composition, Administrateur, 2023-09-14
+12 further facts in this act

16-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

13-04

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative17 facts ▸

General meeting, 2023-03-30
Auditor appointment, Heynen, Nyssen & Cie (commissaire)
Permanent representative, Virginie CAMBRON
Board composition, Administrateur/président, 2023-03-30
Board composition, Administrateur, 2023-03-30
Board composition, Administrateur/vice-présidente/ secrétaire/gestion journalière, 2023-03-30
Board composition, Administrateur/vice-président, 2023-03-30
Board composition, Administrateur, 2023-03-30
Board composition, Administrateur, 2023-03-30
Board composition, Administrateur/trésorier, 2023-03-30
Board composition, Administrateur, 2023-03-30
Board composition, Administrateur, 2023-03-30
+5 further facts in this act

2022

14-12

State Gazette act Statutes amendment · Resignations & appointments

General meeting · Member resignation · Director resignation7 facts ▸

General meeting, 2022-11-30
Member resignation, Marie-Françoise DEBRACKELEER
Director resignation, Marie-Françoise DEBRACKELEER (administrateur)
Member admission, Christine GERON
Member admission, Théo COMPERE
Director appointment, Christine GERON (administrateur)
Director appointment, Théo COMPERE (administrateur)

25-03

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation10 facts ▸

General meeting, 2022-03-14
Member resignation, Pierre STASSART
Member resignation, Willy MONSEUR
Director resignation, Pierre STASSART (administrateur)
Director resignation, Willy MONSEUR (administrateur)
Member admission, Jean-Pierre HUPKENS
Member admission, Danielle ADRIAENSSENS
Director appointment, Jean-Pierre HUPKENS (administrateur)
Director appointment, Danielle ADRIAENSSENS (administrateur)
Director appointment, Danielle ADRIAENSSENS (représentant du Président du Conseil d'administration)

2021

21-05

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation5 facts ▸

General meeting, 2021-05-26
Member resignation, André NOSSENT
Director resignation, André NOSSENT (administrateur)
Member admission, Véronique DORTU
Director appointment, Véronique DORTU (administratrice)

2020

12-10

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative4 facts ▸

General meeting, 2020-05-13
Auditor appointment, DGST & Partners - réviseur d'entreprises - Bedrijfsrevisoren (commissaire)
Permanent representative, Michel LECOQ
Mandate term, échéant à l'issue de l'Assemblée générale ordinaire de 2023. statuant sur les comptes annuels arrêtés au 31/12/2022., 3 ans

2019

25-11

State Gazette act Resignations & appointments

General meeting · Director resignation · Member admission20 facts ▸

General meeting, 2019-06-19
Director resignation, BOVY Sébastien (administrateur)
Director resignation, WEGIMONT Corine (administrateur)
Director resignation, GOFFIN Jean-Pierre (administrateur)
Director resignation, LAMBERT Marie-Claire (administrateur)
Member admission, MANIGLIA Giuseppe
Member admission, RODEYNS Pascal
Member admission, GILLIS Marc
Member admission, EYBEN Pierre
Director appointment, MANIGLIA Giuseppe (administrateur)
Director appointment, RODEYNS Pascal (administrateur)
Director appointment, GILLIS Marc (administrateur)
+8 further facts in this act

04-06

State Gazette act Statutes amendment

General meeting · Statutes amendment · Board composition3 facts ▸

General meeting, 2019-05-23
Statutes amendment
Board composition, Conseil d'administration, 2019-05-23

2018

14-12

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation7 facts ▸

General meeting, 2018-11-21
Member resignation, Patrick DELCOUR
Director resignation, Patrick DELCOUR (administrateur)
Member admission, Pascale LEBICHOT
Director appointment, Pascale LEBICHOT (administratrice)
Member admission, Françoise GABRIEL
Director appointment, Françoise GABRIEL (administratrice)

02-03

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative4 facts ▸

General meeting, 2017-12-19
Auditor appointment, ScPRL Leboutte, Mouhib & C° (commissaire)
Permanent representative, Hélène REUCHAMPS
Mandate term, 3 ans échéant à l'issue de l'Assemblée générale ordinaire de 2020, statuant sur les comptes annuels arrêtés au 31/12/2019

04-01

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation8 facts ▸

General meeting, 2017-06-15
Member resignation, Isabelle Delhaye
Director resignation, Isabelle Delhaye (administrateur)
General meeting, 2017-12-19
Member resignation, Bénédicte HEINDRICHS
Director resignation, Bénédicte HEINDRICHS (administrateur)
Member admission, Marie-Françoise Debrackeleer
Director appointment, Marie-Françoise Debrackeleer (administrateur)

2015

09-12

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation11 facts ▸

General meeting, 2015-04-30
Member resignation, Liliane LEKANE
Director resignation, Liliane LEKANE (administrateur)
Member resignation, Anne DELVAUX
Director resignation, Anne DELVAUX (administrateur)
Member resignation, Robert MOOR
Director appointment, Isabelle DELHAYE (administrateur)
General meeting, 2015-11-25
Member resignation, Christian CHAPELLE
Director resignation, Christian CHAPELLE (administrateur)
Director appointment, Patrick ALEXANDRE (administrateur)

2014

08-05

State Gazette act Statutes amendment

General meeting · Corporate purpose2 facts ▸

General meeting, 2014-04-25
Corporate purpose, 1.La gestion des frais d'études et tous droits ou frais divers perçus auprès des étudiants de la HEL et toutes opérations y afférentes. 2.L'élaboration et la ge…

03-01

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation27 facts ▸

General meeting, 2013-10-24
Member resignation, Ginette ZANELLI
Director resignation, Ginette ZANELLI (administrateur)
Member resignation, Fernand DESCHAMPHELEIRE
Director resignation, Fernand DESCHAMPHELEIRE (administrateur)
Member resignation, Serge CARABIN
Director resignation, Serge CARABIN (administrateur)
Member resignation, Hassan BOUSETTA
Director resignation, Hassan BOUSETTA (administrateur)
Member resignation, Elisabeth FRAIPONT
Director resignation, Elisabeth FRAIPONT (administrateur)
Member resignation, Nathalie FRISEE
+15 further facts in this act

2012

06-06

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2012-05-25
Director resignation, Albert VILLETTE (administrateur)
Director appointment, Christian CHAPELLE (administrateur)
Member resignation, Albert VILLETTE

2011

25-03

State Gazette act Resignations & appointments

General meeting · Member resignation · Director resignation5 facts ▸

General meeting, 2011-01-10
Member resignation, Marie-France MAHY
Director resignation, Marie-France MAHY (administrateur)
Member admission, Ginette ZANELLI
Director appointment, Ginette ZANELLI (administrateur)

2008

31-12

State Gazette act Statutes amendment · Resignations & appointments

General meeting · Statutes amendment · Corporate purpose12 facts ▸

General meeting, 2008-11-06
Statutes amendment
Corporate purpose, 1)la gestion des droits d'inscription complémentaires, des frais d'études et tous droits ou frais divers perçus auprès des étudiants de la Haute Ecole de la Vil…
Director appointment, Willy MONSEUR (administrateur et Président)
Director appointment, Femand DESCHAMPHELEIRE (administrateur et trésorier)
Director appointment, Brigitte DE LA GRAETE (administratrice et vice-présidente)
Director appointment, Elisabeth FRAIPONT (administratrice)
Director appointment, Nathalie FRISEE (administratrice)
Director appointment, Hassan BOUSETTA (administrateur)
Director appointment, Serge CARABIN (administrateur)
Director appointment, Jean-Pierre GOFFIN (administrateur)
Director appointment, André NOSSENT (administrateur)

03-11

State Gazette act Resignations & appointments

Director resignation · Director appointment · Board composition6 facts ▸

Director resignation, Magali FOIDART (membre du Conseil d'administration et secrétaire)
Director resignation, Katia BUCKINX (membre du Conseil d'administration)
Director appointment, André NOSSENT (membre du Conseil d'administration)
Director appointment, André NOSSENT (Président du Conseil d'administration (directeur-Président))
Board composition, administrateur-président, 2008-10-15
Board composition, administrateur, 2008-10-15

State Gazette actNBB filing

Directors · office · real estate

Directors

49 directors, no change since 2025

AYDOGDU Mehmet

Director · since 04-11-2025

Current

Céline FASSOTTE

Director · since 04-11-2025

Current

Diana NIKOLIC

Director · since 04-11-2025

Current

Gauthier JOYEAUX

Director · since 04-11-2025

Current

Pierre EYBEN

Director · since 04-11-2025

Current

Sarah EL HASNAOUI

Director · since 04-11-2025

Current

+ 8 not shown in this overview

04-11-2025 AYDOGDU Mehmet: Appointed as Director

04-11-2025 Céline FASSOTTE: Appointed as Director

04-11-2025 Diana NIKOLIC: Appointed as Director

04-11-2025 Gauthier JOYEAUX: Appointed as Director

04-11-2025 Pierre EYBEN: Appointed as Director

04-11-2025 Sarah EL HASNAOUI: Appointed as Director

04-11-2025 Coralie Bossy: Resigned as Director

04-11-2025 Danielle Adriaenssens: Resigned as Director

09-12-2024 Pierre EYBEN: Resigned as Director

09-12-2024 Julie FERNANDEZ FERNANDEZ: Appointed as Présidente

09-12-2024 Julie FERNANDEZ FERNANDEZ: Appointed as Director

09-12-2024 Giuseppe MANIGLIA: Resigned as Director

09-12-2024 LEMAIRE Cédric: Resigned as Observateur

09-12-2024 LUCIANI Ludovic: Resigned as Observateur

09-12-2024 Pascal Rodeyns: Resigned as Director

02-12-2024 Jean-Pierre HUPKENS: Resigned as Director

14-09-2024 Coralie Bossy: Appointed as Director

13-09-2024 GILLIS Marc: Resigned as Director

13-09-2024 Théo Compère: Resigned as Director

14-09-2023 Anaïs GREGOIRE: Appointed as Director

14-09-2023 Françoise GABRIEL: Appointed as Vice présidente

14-09-2023 Patrick ALEXANDRE: Appointed as Secrétaire

14-09-2023 Patrick ALEXANDRE: Appointed as Daily management delegate

14-09-2023 Giuseppe MANIGLIA: Appointed as Treasurer

+ 62 not shown in this overview

Location & real-estate footprint

Registered office, Liège · 1 establishment unit since 2020

establishment The establishment unit on the map

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 Hazinelle 24000 Liège

Ground area

3,736 m²

Building footprint

957 m²

Volume, LiDAR

32,220 m³

Parcel 62803A1348/00G000, Wallonia · tallest building 46.1 m, ±11 floors. Linked by address, not a title deed.

1 establishment unit

PROMOTION DE LA HAUTE ECOLE DE LA VILLE DE LIEGE

Rue Hazinelle 2, 4000 LiègeOther membership organisations

since 20202.299.437.458

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62803A1348/00G000 ProtectedSite or landscape	Wallonia	3,736 m²	1 · 957 m²	46.1 m · 11 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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Statutory auditor

3 auditors

HEYNEN, NYSSEN & CieCurrent

Commissaire · represented by Virginie CAMBRON

30-03-2023 → present

Show 2 earlier auditors

DGST & PARTNERS - REVISEUR D'ENTREPRISES-BEDRIJFSREVISOREN Commissaire · represented by Michel LECOQ succeeded by HEYNEN, NYSSEN & Cie in 2023	13-05-2020 → 30-03-2023
ScPRL LEBOUTTE, MOUHIB & C° Commissaire · represented by Hélène REUCHAMPS succeeded by DGST & PARTNERS - REVISEUR D'ENTREPRISES-BEDRIJFSREVISOREN in 2020	19-12-2017 → 13-05-2020