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Etterbeek’s municipal bond | Ernest Richard Institute
Replacement of windows in the Ernest Richard Institut
Key Investment Information Sheet
Loan agreement
€0
total amount raised in round
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The municipality of Etterbeek is launching a participatory financing campaign (crowdlending) to replace the window frames of the historic building of the Ernest Richard Institute, located at Place Saint-Pierre.
The municipality of Etterbeek is launching a participatory financing campaign (crowdlending) to replace the window frames of the historic building of the Ernest Richard Institute, located at Place Saint-Pierre.
The project involves replacing 53 elements with a set of frames that meet the latest EPB standards. The new wooden frames feature improved air and water tightness, as well as enhanced mechanical strength. The double-glazing provides enhanced, high-performance thermal insulation.
The project is fully aligned with the municipal policy of carbon neutrality, which is based in particular on the transformation or construction of exemplary and sustainable public facilities.
The project is fully aligned with the municipal policy of carbon neutrality, which is based in particular on the transformation or construction of exemplary and sustainable public facilities.
Join us in making local projects in favor of the climate and with strong social impact come true.
The replacement of the window frames of the historic building of the Ernest Richard Institute
The “Ernest Richard Institute” project consists of replacing the single-glazed wooden frames on the historic façade of the school facing Place Saint-Pierre, Avenue de la Chasse and Rue Louis Hap – which cause significant energy losses – with wooden frames and high-performance glazing. The replacement is carried out with identical materials and window composition, and allows, beyond the energy improvement of the building, for better acoustics.
The timeline
· The specifications were approved by the Etterbeek Municipal Council in May 2025
· The publication is planned for the end of June with bids to be opened in September
· The works are scheduled for spring 2026
· The publication is planned for the end of June with bids to be opened in September
· The works are scheduled for spring 2026
Estimated costs and sources of financing
The estimated cost of the works amounts to €450,000 incl. VAT, to be financed through a crowdlending fundraising campaign.
Raise summary
| Duration | 5 years |
| Interest rate |
3.94% (Etterbeek residents) 3.44% (others) |
| Reimbursement frequency | Annually |
| Reimbursement type | Amortizing |
| Crowd investments | €0 |
| Committed by others | €0 |
| Amount raised | €0 |
| Total round | €0 |