ACTIVE

Orchestre philharmonique Royal de Liège

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Financial year 2025 · Closed on 31/12/2025

Net result275,7 k €+40,2 %over 1 year
Revenue1,6 M €+15,5 %over 1 year
Equity2,8 M €+4,1 %over 1 year
Workforce137,9 ETP-5,2 %over 1 year

Identity

Source · BCE/KBO

Orchestre philharmonique Royal de Liège is a Non-profit organization incorporated in 1960. Its main activity is: Performing arts. Its registered office is in Liège. It employs on average 137,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.683.197
Incorporation
18/03/1960
Legal form
Non-profit organization
Registered office
Boulevard Piercot 25-27
4000 Liège · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
137,9 ETP
Joint committees (1)
  • 304
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 17 financial years

20252023202220212020
Income statement
Revenue1,6 M €1,4 M €1,2 M €333 k €387,4 k €
EBITDA616 k €383,8 k €19,6 k €2 M €1,9 M €
Operating result420,9 k €241,6 k €-113 k €1,9 M €1,8 M €
Net result275,7 k €196,7 k €-135,2 k €1,4 M €1,3 M €
Balance sheet
Equity2,8 M €2,7 M €2,5 M €2,6 M €1,3 M €
Total assets5,9 M €5,6 M €5,5 M €5,4 M €3,5 M €
Cash3,4 M €2,1 M €4 M €2,7 M €1 M €
Debts2,4 M €2,5 M €2,5 M €2,4 M €1,9 M €
Other
Workforce137,9 ETP145,5 ETP143,6 ETP125,7 ETP126,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

23 active · 85 ended

Active mandates

Anne Debruge

Director · since 23 septembre 2025

Active
Elisabeth Fraipont

Chairman of the board of directors · since 23 septembre 2025

Active
Florence Jeanne

Director · since 23 septembre 2025

Active
Geoffrey Jamart

Director · since 23 septembre 2025

Active
Luc Gillard

Vice-président du Conseil d'Administration · since 23 septembre 2025

Active
Aline Sam-Giao

Personne chargée de la gestion journalière

Active
André Stein

Director · until 23 septembre 2025

Active
Cédric Feye

Director · until 23 septembre 2025

Active
Etienne Florkin

Vice-chairman of the board of directors

Active
Gilles Foret

Director · until 23 septembre 2025

Active
Herbert Meyer

Director

Active
Irwin Guckel

Director · until 23 septembre 2025

Active
Jean Hupkens

Chairman of the board of directors · until 23 septembre 2025

Active
Jean-Pierre Goffin

Director

Active
Marie-Christine Lespagnard

Director

Active
Matthieu Content

Director

Active
Maxime Degey

Director · until 23 septembre 2025

Active
Micheline Ligot

Director

Active
Miguel Granados

Director

Active
Paul-Emile Mottard

Director

Active
Salvatore Bruzzese

Director

Active
Sophie Pissart

Director

Active
Thomas Cialone

Vice-président du Conseil d'Administration

Active

Ended mandates

CEDRIC FEYE

Director · since 04 avril 2022 · until 30 juin 2026

Ended
SOPHIE PISSART

Director · since 04 avril 2022 · until 30 juin 2026

Ended
ETIENNE FLORKIN

Vice-chairman of the board of directors · since 16 juin 2021 · until 30 juin 2025

Ended
GEORGES BOVY

Director · since 16 juin 2021 · until 30 juin 2025

Ended

Other companies at this address

Boulevard Piercot 25-27 4000 Liège
CompanyCBE no.
Happy Original Production● Active
0718.951.330
Liège Philharmonique Unité TVA● Active
1039.964.021
OPRL Events● Active
1036.887.339

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/07/202625/06/202518/07/202427/06/202312/08/202229/06/2021
General meeting30/06/202623/06/202526/06/202422/06/202314/06/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202609/07/2026FrenchPDF
Full model31/12/202423/06/202525/06/2025FrenchPDF
Full model31/12/202326/06/202418/07/2024FrenchPDF
Full model31/12/202222/06/202327/06/2023FrenchPDF
Full modelCorrection31/12/202114/06/202212/08/2022FrenchPDF
Full model31/12/202114/06/202224/06/2022FrenchPDF
Full model31/12/202016/06/202129/06/2021FrenchPDF
Full model31/12/201924/06/202017/07/2020FrenchPDF
Full model31/12/201805/06/201921/06/2019FrenchPDF
Full model31/12/201714/06/201819/06/2018FrenchPDF
Full model31/12/201615/06/201722/06/2017FrenchPDF
Full model31/12/201530/06/201601/07/2016FrenchPDF
Full model31/12/201428/05/201529/05/2015FrenchPDF
Full model31/12/201324/06/201426/06/2014FrenchPDF
Full modelCorrection31/12/201227/06/201329/08/2013FrenchPDF
Full model31/12/201227/06/201324/07/2013FrenchPDF
Full model31/12/201125/06/201228/08/2012FrenchPDF
Full model31/12/201022/06/201105/07/2011FrenchPDF
Full model31/12/200925/06/201013/07/2010FrenchPDF
Full modelCorrection31/12/200829/06/200930/09/2009FrenchPDF
Full model31/12/200829/06/200911/09/2009FrenchPDF
Full model31/12/200725/06/200816/07/2008FrenchPDF
Full model31/12/200628/06/200723/10/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

23 active · 85 ended

Active mandates

Anne Debruge

Director · since 23 septembre 2025

Active
Elisabeth Fraipont

Chairman of the board of directors · since 23 septembre 2025

Active
Florence Jeanne

Director · since 23 septembre 2025

Active
Geoffrey Jamart

Director · since 23 septembre 2025

Active
Luc Gillard

Vice-président du Conseil d'Administration · since 23 septembre 2025

Active
Aline Sam-Giao

Personne chargée de la gestion journalière

Active
André Stein

Director · until 23 septembre 2025

Active
Cédric Feye

Director · until 23 septembre 2025

Active
Etienne Florkin

Vice-chairman of the board of directors

Active
Gilles Foret

Director · until 23 septembre 2025

Active
Herbert Meyer

Director

Active
Irwin Guckel

Director · until 23 septembre 2025

Active
Jean Hupkens

Chairman of the board of directors · until 23 septembre 2025

Active
Jean-Pierre Goffin

Director

Active
Marie-Christine Lespagnard

Director

Active
Matthieu Content

Director

Active
Maxime Degey

Director · until 23 septembre 2025

Active
Micheline Ligot

Director

Active
Miguel Granados

Director

Active
Paul-Emile Mottard

Director

Active
Salvatore Bruzzese

Director

Active
Sophie Pissart

Director

Active
Thomas Cialone

Vice-président du Conseil d'Administration

Active

Ended mandates

CEDRIC FEYE

Director · since 04 avril 2022 · until 30 juin 2026

Ended
SOPHIE PISSART

Director · since 04 avril 2022 · until 30 juin 2026

Ended
ETIENNE FLORKIN

Vice-chairman of the board of directors · since 16 juin 2021 · until 30 juin 2025

Ended
GEORGES BOVY

Director · since 16 juin 2021 · until 30 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates02/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Other02/09/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates26/07/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/09/2017
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025275,7 k €↑
  2. 2023
    Annual accounts 2023196,7 k €↑
  3. 2022
    Annual accounts 2022-135,2 k €↓
  4. 2021
    Annual accounts 20211,4 M €↑
  5. 2020
    Annual accounts 20201,3 M €↑
  6. 2019
    Annual accounts 20195,3 k €↓
  7. 2018
    Annual accounts 2018334,4 k €↑
  8. 2017
    Annual accounts 2017
  9. 2016
    Annual accounts 2016
  10. 2015
    Annual accounts 2015209,9 k €↑
  11. 2014
    Annual accounts 2014152,7 k €↓
  12. 2013
    Annual accounts 2013259,1 k €↑
  13. 2012
    Annual accounts 2012250,9 k €↑
  14. 2011
    Annual accounts 2011-629 k €↓
  15. 2010
    Annual accounts 2010-300,6 k €↓
  16. 2010
    Name changeOrchestre philharmonique Royal de Liège
  17. 2009
    Annual accounts 2009172,2 k €↑
  18. 2008
    Annual accounts 200844,3 k €
  19. 2008
    Name changeOrchestre philharmonique de la Ville de Liège et de la Communauté francaise
  20. 18/03/1960
    IncorporationNon-profit organization