Sector · NACE 8540

Tertiary education

57 Belgian companies whose main activity falls under NACE code 8540 have filed annual accounts. Their median solvency is 60.9% for financial year 2024.

Companies57
Median solvency60.9%
Median equity€2.77m
Median headcount (FTE)37.2
Founded in the last 3 years4

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 46.5%60.9%75.2% 55
Current ratio 1.402.163.51 51
ROE 1.2%4.8%8.8% 48
Equity 513,826 €€2.77m€40.1m 55
Total assets €1.02m€4.23m€75.1m 55
Net result 10,687 €96,688 €€2.08m 54
Headcount (avg FTE) 4.637.2136.1 44

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Tertiary education

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 Université Catholique de Louvain 1348 Ottignies-Louvain-la-Neuve €1.10bn — €866.5m 5,467.6 2025
2 Université de Namur 5000 Namur €226.5m €1.19m €138.8m 1,043.5 2025
3 Odisee 1000 Brussels €167.3m €114.6m €113.3m 201.0 2025
4 Karel de Grote Hogeschool, Katholieke Hogeschool Antwerpen 2018 Antwerp €162.6m €119.6m €74.2m 245.6 2025
5 Arteveldehogeschool 9000 Ghent €155.7m €127.0m €99.6m 1,153.0 2025
6 Katholieke Hogeschool Vives Zuid 8500 Kortrijk €130.6m €100.4m €81.0m 150.2 2025
7 Thomas More Kempen 2440 Geel €116.7m €80.1m €82.7m 217.5 2025
8 Thomas More Mechelen-Antwerpen 2800 Mechelen €112.3m €92.1m €82.6m 259.0 2025
9 UC Leuven 3001 Leuven €102.9m €85.7m €62.9m 174.9 2025
10 Asbl Ephec-Galilee 1200 Woluwe-Saint-Lambert €100.5m €4.21m €64.1m 122.8 2025
11 Haute Ecole Léonard de Vinci 1200 Woluwe-Saint-Lambert €97.8m €6.16m €81.3m 598.9 2025
12 Haute École Louvain en Hainaut 7000 Mons €83.1m €3.81m €43.3m 111.4 2025
13 LUCA School of Arts 1030 Schaerbeek €78.7m €59.0m €38.6m 25.0 2025
14 UC Limburg 3590 Diepenbeek €77.5m €50.5m €51.3m 99.6 2025
15 Vlerick Business School 9000 Ghent €77.2m €37.4m €49.5m 164.4 2025
16 Haute Ecole Libre Mosane 4000 Liège €74.7m €3.99m €42.4m 75.4 2025
17 Katholieke Hogeschool VIVES Noord 8500 Kortrijk €64.4m €39.2m €34.3m 55.1 2025
18 Haute Ecole Galilée 1000 Brussels €59.4m €1.60m €24.9m 37.4 2025
19 Haute Ecole de Namur-Liège-Luxembourg 5002 Namur €58.5m €1.05m €32.1m 99.0 2025
20 Ilya Prigogine 1050 Ixelles €43.5m €1.75m €25.1m 45.6 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

Where are they based?

  • Brussels-Capital20
  • East Flanders6
  • Antwerp5
  • West Flanders5
  • Namur5
  • Flemish Brabant4
  • Hainaut4
  • Liège3
  • Walloon Brabant3
  • Limburg1
  • Luxembourg1

Municipalities with the most

Related sectors

← The whole Education sector (NACE 85)

Frequently asked questions

How many Tertiary education companies are there in Belgium?

57 Belgian companies whose main activity falls under NACE code 8540 (Tertiary education) have filed annual accounts with the National Bank.

What is the median solvency in Tertiary education?

For financial year 2024, median solvency (equity over total assets) is 60.9%. The middle half of companies lies between 46.5% and 75.2% (55 companies).

What is the largest company in Tertiary education?

By total assets, it is Université Catholique de Louvain (€1.10bn, financial year 2025).

Where are Tertiary education companies based?

The municipalities with the most: Woluwe-Saint-Lambert (6), Brussels (5), Ghent (4).

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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 10 Oct 2026.