Ranking · Tertiary education

Tertiary education: highest published revenue

34 Belgian companies in the sector (NACE 8540) publish their revenue in recent accounts; here are the top 20. Arteveldehogeschool leads with €127.0m (financial year 2025).

Top 20

Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).

#Company Total assetsRevenue EquityFTEYear
1 Arteveldehogeschool 9000 Ghent €155.7m €127.0m €99.6m 1,153.0 2025
2 Karel de Grote Hogeschool, Katholieke Hogeschool Antwerpen 2018 Antwerp €162.6m €119.6m €74.2m 245.6 2025
3 Odisee 1000 Brussels €167.3m €114.6m €113.3m 201.0 2025
4 Katholieke Hogeschool Vives Zuid 8500 Kortrijk €130.6m €100.4m €81.0m 150.2 2025
5 Thomas More Mechelen-Antwerpen 2800 Mechelen €112.3m €92.1m €82.6m 259.0 2025
6 UC Leuven 3001 Leuven €102.9m €85.7m €62.9m 174.9 2025
7 Thomas More Kempen 2440 Geel €116.7m €80.1m €82.7m 217.5 2025
8 LUCA School of Arts 1030 Schaerbeek €78.7m €59.0m €38.6m 25.0 2025
9 UC Limburg 3590 Diepenbeek €77.5m €50.5m €51.3m 99.6 2025
10 Katholieke Hogeschool VIVES Noord 8500 Kortrijk €64.4m €39.2m €34.3m 55.1 2025
11 Vlerick Business School 9000 Ghent €77.2m €37.4m €49.5m 164.4 2025
12 Antwerp Management School 2000 Antwerp €14.4m €14.6m €2.55m 73.0 2025
13 Europacollege - Le Collège d'Europe 8000 Bruges €27.7m €12.9m €14.0m 150.7 2025
14 Haute Ecole Léonard de Vinci 1200 Woluwe-Saint-Lambert €97.8m €6.16m €81.3m 598.9 2025
15 Haute Ecole ICHEC - ECAM - ISFSC 1150 Woluwe-Saint-Pierre €35.4m €4.22m €19.3m 66.8 2025
16 Asbl Ephec-Galilee 1200 Woluwe-Saint-Lambert €100.5m €4.21m €64.1m 122.8 2025
17 Haute Ecole Libre Mosane 4000 Liège €74.7m €3.99m €42.4m 75.4 2025
18 Haute École Louvain en Hainaut 7000 Mons €83.1m €3.81m €43.3m 111.4 2025
19 Institut Catholique des Hautes Etudes Commerciales 1150 Woluwe-Saint-Pierre €8.87m €3.72m €3.55m 21.2 2025
20 HEC-Ecole de gestion de l'Université de Liège 4000 Liège €2.55m €2.21m €1.24m 13.4 2025

These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.

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Frequently asked questions

Which company in Tertiary education has the highest revenue?

Arteveldehogeschool, with €127.0m in revenue (financial year 2025).

How many Tertiary education companies publish their revenue?

34 out of 57, in accounts less than 3 years old. Small companies (micro and abridged accounts) are not required to publish it.

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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 11 Nov 2026.