ACTIVE

Liege airport

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Financial year 2025 · Closed on 31/12/2025

Net result17,5 M €+22,2 %over 1 year

Revenue65 M €+15,8 %over 1 year

Equity85,6 M €+13,9 %over 1 year

Workforce241,2 ETP+8,1 %over 1 year

Identity

Source · BCE/KBO

Liege airport is a Public limited company incorporated in 1990. Its main activity is: Service activities incidental to air transportation. Its registered office is in Grâce-Hollogne. It employs on average 241,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0440.516.788
Incorporation: 30/04/1990
Legal form: Public limited company
Registered office: Aéroport de Liège bât 50
4460 Grâce-Hollogne · WallonieSee on map
Contributed capital: 20 935 538,00 €
Latest accounts: 31/12/2025
Average workforce: 241,2 ETP

Activities (NACE)

52230Service activities incidental to air transportation· main 52230Service activities incidental to air transportation 63230Information service activities

Joint committees (3)

100
218
31503

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 29 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	65 M €	+15.8%	56,2 M €	-41.2%	95,6 M €	+99.0%	48 M €	-4.3%	50,2 M €
EBITDA	26,4 M €	+19.5%	22,1 M €	-2.6%	22,7 M €	+12.6%	20,2 M €	-12.4%	23 M €
Operating result	22,5 M €	+24.2%	18,1 M €	-4.9%	19 M €	+9.7%	17,4 M €	-3.3%	17,9 M €
Net result	17,5 M €	+22.2%	14,3 M €	-2.9%	14,7 M €	+15.4%	12,8 M €	-3.0%	13,2 M €
Balance sheet
Equity	85,6 M €	+13.9%	75,2 M €	+12.9%	66,6 M €	+15.3%	57,8 M €	+15.3%	50,1 M €
Total assets	121,4 M €	+9.6%	110,8 M €	+0.9%	109,7 M €	+7.7%	101,9 M €	+11.9%	91,1 M €
Cash	5,6 M €	-68.2%	17,7 M €	+76.3%	10 M €	-63.0%	27,1 M €	-27.6%	37,5 M €
Debts	31,5 M €	+1.0%	31,2 M €	-20.9%	39,4 M €	-2.9%	40,6 M €	+11.4%	36,4 M €
Other
Workforce	241,2 ETP	+8.1%	223,2 ETP	+2.0%	218,9 ETP	+6.9%	204,7 ETP	+12.7%	181,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

21 active · 169 ended

Active mandates

Hervé PFRIMMER

Director · since 12 décembre 2025 · until 04 mai 2029

Active

Benoit PITANCE

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Christine COLLIGNON

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Elisabeth GUILLAUME

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Fabian MARCQ

Chairman of the board of directors · since 06 octobre 2025 · until 03 mai 2030

Active

Marc RENOUPREZ

Vice-chairman of the board of directors · since 06 octobre 2025 · until 03 mai 2030

Active

Nicolas DUMAZY

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Stéphane BURTON

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Stéphanie FELLEN

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Edouard MARCUS

Director · since 12 avril 2024 · until 04 mai 2029

Active

Frédéric MACRON

Director · since 23 février 2024 · until 04 mai 2029

Active

Emmanuel COSTE

Director · since 05 mai 2023 · until 20 novembre 2025

Active

Remi GEMENNE

Director · since 21 octobre 2022 · until 06 octobre 2025

Active

Benoit-Laurent YERNA

Director · since 17 décembre 2021 · until 06 octobre 2025

Active

Fabian MARCQ

Director · since 29 mai 2020 · until 06 octobre 2025

Active

Françoise LEJEUNE

Director · since 29 mai 2020 · until 06 octobre 2025

Active

Luc GILLARD

Director · since 29 mai 2020 · until 03 mai 2030

Active

Marc RENOUPREZ

Chairman of the board of directors · since 29 mai 2020 · until 06 octobre 2025

Active

Michel KEMPENEERS

Director · since 29 mai 2020 · until 06 octobre 2025

Active

Sarah KRINS

Director · since 29 mai 2020 · until 06 octobre 2025

Active

Stéphane BURTON

Vice-chairman of the board of directors · since 29 mai 2020 · until 06 octobre 2025

Active

Ended mandates

Emmanuel COSTE

Director · since 05 mai 2023 · until 04 mai 2029

Ended

Nicolas DEVILLER

Director · since 05 mai 2023 · until 23 février 2024

Ended

Vincent DEVAUCHELLE

Director · since 05 mai 2023 · until 12 avril 2024

Ended

Vincent DEVAUCHELLE

Director · since 05 mai 2023 · until 04 mai 2029

Ended

Full financial information

Source · NBB

	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	28/05/2026	23/05/2025	27/05/2024	26/05/2023	13/06/2022	03/06/2021
General meeting	04/05/2026	02/05/2025	03/05/2024	05/05/2023	27/05/2022	07/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 29 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/05/2026	28/05/2026	French	PDF
Consolidated accounts	31/12/2025	04/05/2026	28/05/2026	French	PDF
Full model	31/12/2024	02/05/2025	23/05/2025	French	PDF
Consolidated accountsCorrection	31/12/2024	02/05/2025	12/02/2026	French	PDF
Consolidated accounts	31/12/2024	02/05/2025	23/05/2025	French	PDF
Full model	31/12/2023	03/05/2024	27/05/2024	French	PDF
Consolidated accounts	31/12/2023	03/05/2024	27/05/2024	French	PDF
Full model	31/12/2022	05/05/2023	26/05/2023	French	PDF
Consolidated accounts	31/12/2022	05/05/2023	26/05/2023	French	PDF
Full model	31/12/2021	27/05/2022	13/06/2022	French	PDF
Consolidated accounts	31/12/2021	06/05/2022	13/06/2022	French	PDF
Full model	31/12/2020	07/05/2021	03/06/2021	French	PDF
Consolidated accounts	31/12/2020	07/05/2021	03/06/2021	French	PDF
Full model	31/12/2019	29/05/2020	25/06/2020	French	PDF
Full model	31/12/2018	03/05/2019	18/06/2019	French	PDF
Full model	31/12/2017	04/05/2018	06/06/2018	French	PDF
Full model	31/12/2016	05/05/2017	01/06/2017	French	PDF
Full model	31/12/2015	09/05/2016	03/06/2016	French	PDF
Full model	31/12/2014	01/05/2015	03/06/2015	French	PDF
Full modelCorrection	31/12/2013	02/05/2014	02/09/2014	French	PDF
Full model	31/12/2013	02/05/2014	06/06/2014	French	PDF
Full model	31/12/2012	03/05/2013	21/06/2013	French	PDF
Full model	31/12/2011	04/05/2012	19/06/2012	French	PDF
Full model	31/12/2010	06/05/2011	27/05/2011	French	PDF

View all 29 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

21 active · 169 ended

Active mandates

Hervé PFRIMMER

Director · since 12 décembre 2025 · until 04 mai 2029

Active

Benoit PITANCE

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Christine COLLIGNON

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Elisabeth GUILLAUME

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Fabian MARCQ

Chairman of the board of directors · since 06 octobre 2025 · until 03 mai 2030

Active

Marc RENOUPREZ

Vice-chairman of the board of directors · since 06 octobre 2025 · until 03 mai 2030

Active

Nicolas DUMAZY

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Stéphane BURTON

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Stéphanie FELLEN

Director · since 06 octobre 2025 · until 03 mai 2030

Active

Edouard MARCUS

Director · since 12 avril 2024 · until 04 mai 2029

Active

Frédéric MACRON

Director · since 23 février 2024 · until 04 mai 2029

Active

Emmanuel COSTE

Director · since 05 mai 2023 · until 20 novembre 2025

Active

Remi GEMENNE

Director · since 21 octobre 2022 · until 06 octobre 2025

Active

Benoit-Laurent YERNA

Director · since 17 décembre 2021 · until 06 octobre 2025

Active

Fabian MARCQ

Director · since 29 mai 2020 · until 06 octobre 2025

Active

Françoise LEJEUNE

Director · since 29 mai 2020 · until 06 octobre 2025

Active

Luc GILLARD

Director · since 29 mai 2020 · until 03 mai 2030

Active

Marc RENOUPREZ

Chairman of the board of directors · since 29 mai 2020 · until 06 octobre 2025

Active

Michel KEMPENEERS

Director · since 29 mai 2020 · until 06 octobre 2025

Active

Sarah KRINS

Director · since 29 mai 2020 · until 06 octobre 2025

Active

Stéphane BURTON

Vice-chairman of the board of directors · since 29 mai 2020 · until 06 octobre 2025

Active

Ended mandates

Emmanuel COSTE

Director · since 05 mai 2023 · until 04 mai 2029

Ended

Nicolas DEVILLER

Director · since 05 mai 2023 · until 23 février 2024

Ended

Vincent DEVAUCHELLE

Director · since 05 mai 2023 · until 12 avril 2024

Ended

Vincent DEVAUCHELLE

Director · since 05 mai 2023 · until 04 mai 2029

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates11/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates14/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates17/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2022
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

23/03/2026
nominationXavier Hürstel — administrateur de classe B
2025
Annual accounts 202517,5 M €↑
12/12/2025
nominationHervé Pfrimmer — administrateur de classe B
14/10/2025
nominationFabian Marcq — membre du Comité de Direction
14/10/2025
nominationMarc Renouprez — membre du Comité de Direction
14/10/2025
nominationStéphanie Fellen — membre du Comité de Direction
14/10/2025
nominationFrédéric Macron — membre du Comité de Direction
14/10/2025
nominationEdouard Marcus — membre suppléant du Comité de Direction
14/10/2025
nominationNicolas Dumazy — membre du Comité d'Audit
14/10/2025
nominationLuc Gillard — membre du Comité d'Audit
14/10/2025
nominationEmmanuel Coste — membre du Comité d'Audit
14/10/2025
nominationElisabeth Guillaume — membre du Comité de Rémunération
14/10/2025
nominationBenoît Pitance — membre du Comité de Rémunération
06/10/2025
nominationChristine COLLIGNON — administrateur
06/10/2025
nominationNicolas DUMAZY — administrateur
06/10/2025
nominationElisabeth GUILLAUME — administrateur
06/10/2025
nominationFabian MARCQ — administrateur
06/10/2025
nominationBenoît PITANCE — administrateur
06/10/2025
nominationMarc RENOUPREZ — administrateur
06/10/2025
nominationStéphane BURTON — administrateur
06/10/2025
nominationStéphanie FELLEN — administrateur
06/10/2025
nominationLuc GILLARD — administrateur
2024
Annual accounts 202414,3 M €↓
03/05/2024
nominationVincent THYRION — Commissaire
12/04/2024
nominationEdouard Marcus — administrateur de classe B
23/02/2024
nominationFrédéric Macron — administrateur de classe B
2023
Annual accounts 202314,7 M €↑
09/05/2023
nominationNicolas Deviller — membre du Comité de Direction
09/05/2023
nominationVincent Devauchelle — membre suppléant du Comité de Direction
09/05/2023
nominationEmmanuel Coste — membre du Comité d'Audit et du Comité de Rémunération
05/05/2023
nominationEmmanuel COSTE — Administrateur
05/05/2023
nominationVincent DEVAUCHELLE — Administrateur
05/05/2023
nominationNicolas DEVILLER — Administrateur
2022
Annual accounts 202212,8 M €↓
21/10/2022
nominationRémi Gemenne — administrateur de classe A
01/07/2022
nominationJOSSART Laurent André — représentant (délégation de pouvoir)
2022
Name change49
2021
Annual accounts 202113,2 M €↑
2021
Name changeLIEGE AIRPORT
2020
Annual accounts 202013 M €↑
2019
Annual accounts 20196,3 M €↑
2018
Annual accounts 20185,2 M €↑
2017
Annual accounts 20173 M €↑
2016
Annual accounts 20161,8 M €↑
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 2014809,1 k €↑
2013
Annual accounts 2013456,4 k €↓
2012
Annual accounts 2012579,3 k €↓
2011
Annual accounts 20112,9 M €↑
2010
Annual accounts 20102,2 M €↑
2008
Annual accounts 2008575,6 k €↑
2007
Annual accounts 2007564,6 k €↑
2006
Annual accounts 2006243 k €
30/04/1990
IncorporationPublic limited company

Liege airport

Overview

Identity

Financials

Valuation

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

Timeline