I acquired this medal for the 50th anniversary of independence, which I cannot find in Krause (Standard Catalog or Unusual World Coins). It is 30mm and it weighs 9 grams, similar to a France 10 centimes of the era.
I don't know more. Commemorative medals with Leopold II on it is quite common. I don't even know which school in Mons could have done that. There are plenty of schools and even if some of them probably didn't exist back in the days, it's hard to say.