ACTIVE

LA MAISON LIEGEOISE

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Financial year 2025 · closed on 31/12/2025

Net result

-563,1 k €

+34.5% YoY

Revenue

18,9 M €

+8.8% YoY

Equity

102,2 M €

-1.8% YoY

Workforce

74,3 ETP

-1.6% YoY

What does LA MAISON LIEGEOISE do?

LA MAISON LIEGEOISE is a Private limited company incorporated in 1921. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Liège. It employs on average 74,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.416.772

Incorporation

15/01/1921

Legal form

Private limited company

Registered office

Parvis-des-Ecoliers 1
4020 Liège · WallonieSee on map

Contributed capital

1 152 599,84 €

Latest accounts

31/12/2025

Average workforce

74,3 ETP

Activities (NACE)

68202Rental and operating of own or leased real estate· main 68202Rental and operating of own or leased real estate 70202Management consultancy activities 41101Development of building projects 68121Buying and selling of own real estate

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	18,9 M €	+8.8%	17,4 M €	+6.5%	16,3 M €	+10.2%	14,8 M €	+6.0%	14 M €	+1.8%	13,7 M €	+0.8%	13,6 M €	-0.2%	13,6 M €	+3.3%	13,2 M €	+2.4%	12,9 M €	+0.6%	12,8 M €	+2.1%	12,6 M €	+1.8%	12,3 M €	+4.1%	11,9 M €	+1.3%	11,7 M €	-1.1%	11,8 M €	+1.2%	11,7 M €	-11.7%	13,2 M €	+3.6%	12,8 M €	+37.2%	9,3 M €
EBITDA	5 M €	+18.2%	4,3 M €	+15.1%	3,7 M €	-15.4%	4,4 M €	-4.7%	4,6 M €	+118%	2,1 M €	-29.0%	3 M €	-42.5%	5,2 M €	+16.1%	4,4 M €	+2.3%	4,3 M €	-2.0%	4,4 M €	+4.7%	4,2 M €	-6.6%	4,5 M €	+1.8%	4,4 M €	+2.1%	4,4 M €	-5.0%	4,6 M €	-32.3%	6,8 M €	+408%	1,3 M €	-45.5%	2,4 M €	-38.3%	4 M €
Operating result	-1,3 M €	+16.3%	-1,6 M €	+1.4%	-1,6 M €	-3.0%	-1,6 M €	-209%	-503,1 k €	+77.4%	-2,2 M €	-84.0%	-1,2 M €	-205%	1,2 M €	+231%	348,1 k €	+32.3%	263,1 k €	-35.9%	410,4 k €	-20.9%	518,9 k €	-43.4%	916,1 k €	+12.6%	813,9 k €	-20.0%	1 M €	+3.9%	979,6 k €	-73.2%	3,7 M €	+378%	-1,3 M €	-97.0%	-668,7 k €	-136%	1,9 M €
Net result	-563,1 k €	+34.5%	-859,3 k €	-43.7%	-598 k €	+1.4%	-606,5 k €	-248%	409,4 k €	+129%	-1,4 M €	-153%	-565,8 k €	-132%	1,8 M €	+97.4%	889,7 k €	+34.3%	662,6 k €	+679%	85,1 k €	-99.0%	8,7 M €	+1067%	749,7 k €	+268%	-445,8 k €	+71.5%	-1,6 M €	-26.8%	-1,2 M €	-495%	-207,3 k €	-108%	2,4 M €	+176%	-3,2 M €	-811%	-353,6 k €
Balance sheet
Equity	102,2 M €	-1.8%	104,1 M €	-0.1%	104,2 M €	+3.3%	100,8 M €	-3.5%	104,5 M €	-0.4%	104,9 M €	+40.8%	74,5 M €	-0.3%	74,8 M €	+1.1%	73,9 M €	+10.0%	67,2 M €	-3.2%	69,5 M €	+5.5%	65,9 M €	+13.1%	58,2 M €	-0.5%	58,5 M €	-1.4%	59,3 M €	-5.1%	62,5 M €	-7.0%	67,2 M €	-3.0%	69,3 M €	+30.3%	53,2 M €	+351%	11,8 M €
Total assets	271,6 M €	-2.2%	277,7 M €	+1.8%	272,8 M €	+0.9%	270,5 M €	-3.1%	279,1 M €	-2.0%	284,6 M €	+12.3%	253,5 M €	+1.9%	248,8 M €	-2.0%	253,9 M €	+1.0%	251,3 M €	-3.1%	259,3 M €	+1.9%	254,4 M €	+1.1%	251,7 M €	-2.3%	257,7 M €	-0.4%	258,8 M €	+0.7%	257 M €	-0.3%	257,8 M €	-1.0%	260,4 M €	+26.3%	206,1 M €	+44.1%	143 M €
Cash	18,3 M €	+12.4%	16,2 M €	-3.6%	16,9 M €	+31.4%	12,8 M €	-4.6%	13,4 M €	+156%	5,2 M €	+417%	1 M €	+0.8%	1 M €	-51.7%	2,1 M €	+196%	705 k €	-25.6%	947 k €	+188%	328,8 k €	+216%	104,2 k €	-42.4%	180,9 k €	-12.3%	206,3 k €	-63.1%	558,5 k €	-23.8%	732,9 k €	-26.8%	1 M €	+172%	367,6 k €	-17.8%	447,3 k €
Debts	148,6 M €	-3.0%	153,2 M €	+3.3%	148,4 M €	-0.0%	148,4 M €	-3.2%	153,3 M €	-2.8%	157,8 M €	-0.8%	159 M €	+3.8%	153,2 M €	-2.9%	157,8 M €	-1.8%	160,7 M €	-2.8%	165,3 M €	+1.3%	163,1 M €	-2.3%	167 M €	-2.5%	171,3 M €	+0.4%	170,6 M €	+3.6%	164,6 M €	+3.2%	159,5 M €	+2.5%	155,6 M €	+6.0%	146,9 M €	+16.4%	126,1 M €
Other
Workforce	74,3 ETP	-1.6%	75,5 ETP	-4.4%	79,0 ETP	-0.5%	79,4 ETP	+2.1%	77,8 ETP	-4.9%	81,8 ETP	+0.6%	81,3 ETP	-5.7%	86,2 ETP	-0.2%	86,4 ETP	-0.5%	86,8 ETP	-0.6%	87,3 ETP	+4.1%	83,9 ETP	-0.7%	84,5 ETP	+5.4%	80,2 ETP	+7.9%	74,3 ETP	+3.1%	72,1 ETP	+4.3%	69,1 ETP	-0.3%	69,3 ETP	-10.6%	77,5 ETP	+27.0%	61,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 30 active · 160 ended

Active mandates

Celik Duygu

Director · since 18 juin 2025

Active

Elodie Kowalski

Director · since 18 juin 2025

Active

Marc Berger

Director · since 18 juin 2025

Active

Maxime Bourlet

Director · since 18 juin 2025

Active

Olivier Hamal

Director · since 18 juin 2025

Active

Rafik Rassaa

Director · since 18 juin 2025

Active

Sarah Tshinguta Mussenge

Director · since 18 juin 2025

Active

Ingrid Bocken

Director · since 31 mars 2025

Active

Renaud Stassart

Director · since 31 janvier 2025

Active

(Petry Marcel) Ethias

Director · until 18 juin 2025

Active

Adrien Croonen

Director · until 18 juin 2025

Active

Arnaud Abinet

Manager

Active

David Ambrosio

Director · until 18 juin 2025

Active

Fabrice Dreze

Director

Active

Giuseppe Maniglia

Chairman of the board of directors

Active

Gonzague Milis

Director

Active

Guy Krettels

Director · until 18 juin 2025

Active

Hassan Saphar

Director

Active

Hélène Franssen

Vice-chairman of the board of directors

Active

Jean-Paul Bonjean

Director

Active

Jean-Paul Tasset

Director · until 18 juin 2025

Active

Laura Goffart

Director

Active

Ludovic Luciani

Director

Active

Matthieu Content

Director · until 18 juin 2025

Active

Mehmet Aydogdu

Director

Active

Mohammed Bougnouch

Director · until 18 juin 2025

Active

Mukakwa Beya Mutate

Director · until 31 mars 2025

Active

Pierre Gilissen

Director

Active

Thomas Adrian

Director · until 18 juin 2025

Active

Vincent Bonhomme

Director

Active

Ended mandates

Giuseppe Maniglia

Chairman of the board of directors · since 01 janvier 2025

Ended

Adrien Croonen

Director · since 11 décembre 2024

Ended

Vincent Bonhomme

Director · since 11 décembre 2024

Ended

Ludovic Luciani

Director · since 28 février 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/06/2026	23/06/2025	24/06/2024	21/06/2023	16/06/2022	22/06/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	15/06/2022	16/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

50 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/06/2026	19/06/2026	French	PDF
Full model	31/12/2024	18/06/2025	23/06/2025	French	PDF
Full model	31/12/2023	19/06/2024	24/06/2024	French	PDF
Full model	31/12/2022	21/06/2023	21/06/2023	French	PDF
Full model	31/12/2021	15/06/2022	16/06/2022	French	PDF
Full model	31/12/2020	16/06/2021	22/06/2021	French	PDF
Full model	31/12/2019	17/06/2020	22/06/2020	French	PDF
Full model	31/12/2018	19/06/2019	24/06/2019	French	PDF
Full model	31/12/2017	20/06/2018	26/06/2018	French	PDF
Full model	31/12/2016	21/06/2017	26/06/2017	French	PDF
Full model	31/12/2015	15/06/2016	21/06/2016	French	PDF
Full model	31/12/2014	17/06/2015	29/06/2015	French	PDF
Full model	31/12/2013	18/06/2014	19/06/2014	French	PDF
Full model	31/12/2012	19/06/2013	24/06/2013	French	PDF
Full model	31/12/2011	20/06/2012	03/07/2012	French	PDF
Full model	31/12/2010	15/06/2011	04/07/2011	French	PDF
Full model	31/12/2009	16/06/2010	08/07/2010	French	PDF
Full model	31/12/2008	18/06/2009	30/06/2009	French	PDF
Full model	31/12/2007	18/06/2008	28/07/2008	French	PDF
Full model	31/12/2006	20/06/2007	17/07/2007	French	PDF
Full model	31/12/2005	21/06/2006	19/07/2006	French	PDF
Full model	31/12/2004	15/06/2005	01/07/2005	French	PDF
Full model	31/12/2003	16/06/2004	13/07/2004	French	PDF
Full model	31/12/2002	18/06/2003	15/07/2003	French	PDF

View all 50 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 30 active · 160 ended

Active mandates

Celik Duygu

Director · since 18 juin 2025

Active

Elodie Kowalski

Director · since 18 juin 2025

Active

Marc Berger

Director · since 18 juin 2025

Active

Maxime Bourlet

Director · since 18 juin 2025

Active

Olivier Hamal

Director · since 18 juin 2025

Active

Rafik Rassaa

Director · since 18 juin 2025

Active

Sarah Tshinguta Mussenge

Director · since 18 juin 2025

Active

Ingrid Bocken

Director · since 31 mars 2025

Active

Renaud Stassart

Director · since 31 janvier 2025

Active

(Petry Marcel) Ethias

Director · until 18 juin 2025

Active

Adrien Croonen

Director · until 18 juin 2025

Active

Arnaud Abinet

Manager

Active

David Ambrosio

Director · until 18 juin 2025

Active

Fabrice Dreze

Director

Active

Giuseppe Maniglia

Chairman of the board of directors

Active

Gonzague Milis

Director

Active

Guy Krettels

Director · until 18 juin 2025

Active

Hassan Saphar

Director

Active

Hélène Franssen

Vice-chairman of the board of directors

Active

Jean-Paul Bonjean

Director

Active

Jean-Paul Tasset

Director · until 18 juin 2025

Active

Laura Goffart

Director

Active

Ludovic Luciani

Director

Active

Matthieu Content

Director · until 18 juin 2025

Active

Mehmet Aydogdu

Director

Active

Mohammed Bougnouch

Director · until 18 juin 2025

Active

Mukakwa Beya Mutate

Director · until 31 mars 2025

Active

Pierre Gilissen

Director

Active

Thomas Adrian

Director · until 18 juin 2025

Active

Vincent Bonhomme

Director

Active

Ended mandates

Giuseppe Maniglia

Chairman of the board of directors · since 01 janvier 2025

Ended

Adrien Croonen

Director · since 11 décembre 2024

Ended

Vincent Bonhomme

Director · since 11 décembre 2024

Ended

Ludovic Luciani

Director · since 28 février 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/05/2024
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Other03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other14/12/2023
DIVERS
PDF
Other14/12/2023
DIVERS
PDF
Mandates06/03/2023
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-563,1 k €↑
25/06/2025
nominationGiuseppe Maniglia — Président
25/06/2025
nominationHélène Franssen — Vice-présidente
18/06/2025
nominationGiuseppe MANIGLIA — Administrateur
18/06/2025
nominationMehmet AYDOGDU — Administrateur
18/06/2025
nominationVincent BONHOMME — Administrateur
18/06/2025
nominationRenaud STASSART — Administrateur
18/06/2025
nominationRafik RASSAA — Administrateur
18/06/2025
nominationDidier CLOSQUIN — Administrateur
18/06/2025
nominationHélène FRANSSEN — Administrateur
18/06/2025
nominationFabrice DREZE — Administrateur
18/06/2025
nominationDuygu CELIK — Administrateur
18/06/2025
nominationLaura GOFFART — Administrateur
18/06/2025
nominationSarah TSHINGUTA MUSSENGE — Administrateur
18/06/2025
nominationOlivier HAMAL — Administrateur
18/06/2025
nominationLudovic LUCIANI — Administrateur
18/06/2025
nominationMaxime BOURLET — Administrateur
18/06/2025
nominationElodie KOWALSKI — Administrateur
18/06/2025
nominationGonzague MILIS — Administrateur
18/06/2025
nominationJean-Paul BONJEAN — Administrateur
18/06/2025
nominationPierre GILISSEN — Administrateur
18/06/2025
nominationMarc BERGER — Administrateur
18/06/2025
nominationHassan SAPHAR — Administrateur
18/06/2025
nominationingrid BOCKEN — Administrateur
2024
Annual accounts 2024-859,3 k €↓
11/12/2024
nominationGiuseppe Maniglia — présidence de l'Organse d'administration
19/06/2024
nominationFrisée Nathalie — administrateur
19/06/2024
nominationLuciani Ludovic — administrateur
2023
Annual accounts 2023-598 k €↑
21/06/2023
nominationJean NICOLET — représentant du commissaire (CDP NICOLET & C° SRL)
2022
Annual accounts 2022-606,5 k €↓
30/11/2022
nominationValérie Hanosset — pouvoir spécial de représenter La Maison Liégeoise en justice, relativement aux matières locatives
2021
Annual accounts 2021409,4 k €↑
2020
Annual accounts 2020-1,4 M €↓
2019
Annual accounts 2019-565,8 k €↓
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 2017889,7 k €↑
2016
Annual accounts 2016662,6 k €↑
2015
Annual accounts 201585,1 k €↓
2014
Annual accounts 20148,7 M €↑
2013
Annual accounts 2013749,7 k €↑
2012
Annual accounts 2012-445,8 k €↑
2011
Annual accounts 2011-1,6 M €↓
2010
Annual accounts 2010-1,2 M €↓
2009
Annual accounts 2009-207,3 k €↓
2008
Annual accounts 20082,4 M €↑
2007
Annual accounts 2007-3,2 M €↓
2006
Annual accounts 2006-353,6 k €
15/01/1921
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LA MAISON LIEGEOISE

Overview

What does LA MAISON LIEGEOISE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline