ACTIVE

NOSTALGIE

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Financial year 2025 · closed on 31/12/2025

Net result

4 M €

-6.4% YoY

Revenue

23 M €

+2.2% YoY

Equity

7 M €

-0.1% YoY

Workforce

20,8 ETP

-1.4% YoY

What does NOSTALGIE do?

NOSTALGIE is a Public limited company incorporated in 1990. Its main activity is: Radio broadcasting. Its registered office is in Evere. It employs on average 20,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.436.893

Incorporation

19/12/1990

Legal form

Public limited company

Registered office

Chaussée de Louvain 775
1140 Evere · BruxellesSee on map

Contributed capital

1 500 000,00 €

Latest accounts

31/12/2025

Average workforce

20,8 ETP

Activities (NACE)

60100Radio broadcasting· main 60100Radio broadcasting 73120Media representation 73120Media representation 92201Gambling and betting activities 74402Other professional, scientific and technical activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood 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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	23 M €	+2.2%	22,5 M €	+0.2%	22,5 M €	+1.7%	22,1 M €	+7.0%	20,7 M €	+17.6%	17,6 M €	-1.4%	17,8 M €	+16.9%	15,2 M €	+12.4%	13,6 M €	+1.3%	13,4 M €	+23.6%	10,8 M €	-2.8%	11,2 M €	+4.3%	10,7 M €	+22.4%	8,7 M €	+9.0%	8 M €	-22.9%	10,4 M €	-4.4%	10,9 M €	+4.5%	10,4 M €	+6.7%	9,8 M €
EBITDA	5,5 M €	-6.6%	5,9 M €	+3.1%	5,8 M €	-0.3%	5,8 M €	-13.4%	6,7 M €	+53.5%	4,4 M €	-17.3%	5,3 M €	+39.6%	3,8 M €	+25.9%	3 M €	-6.2%	3,2 M €	+17.8%	2,7 M €	+5.2%	2,6 M €	+2.0%	2,5 M €	+20.2%	2,1 M €	+36.1%	1,5 M €	+32.5%	1,2 M €	-24.8%	1,5 M €	+1.3%	1,5 M €	+4.5%	1,5 M €
Operating result	5,3 M €	-6.4%	5,7 M €	+3.1%	5,5 M €	+0.3%	5,5 M €	-14.9%	6,5 M €	+54.5%	4,2 M €	-18.1%	5,1 M €	+42.8%	3,6 M €	+27.5%	2,8 M €	-5.8%	3 M €	+20.2%	2,5 M €	+5.0%	2,4 M €	+2.8%	2,3 M €	+23.5%	1,9 M €	+43.1%	1,3 M €	+44.7%	898,4 k €	-33.1%	1,3 M €	+1.5%	1,3 M €	+2.6%	1,3 M €
Net result	4 M €	-6.4%	4,3 M €	+3.3%	4,1 M €	+0.6%	4,1 M €	-15.0%	4,8 M €	+54.9%	3,1 M €	-12.2%	3,6 M €	+52.7%	2,3 M €	+27.3%	1,8 M €	-7.6%	2 M €	+17.9%	1,7 M €	+5.5%	1,6 M €	+3.4%	1,5 M €	+25.9%	1,2 M €	+57.2%	778 k €	+68.8%	460,9 k €	-44.9%	835,9 k €	-2.8%	859,9 k €	+8.2%	794,5 k €
Balance sheet
Equity	7 M €	-0.1%	7 M €	-3.2%	7,2 M €	-1.0%	7,3 M €	+1.5%	7,2 M €	-2.3%	7,3 M €	-15.8%	8,7 M €	-7.5%	9,4 M €	+3.6%	9,1 M €	+0.3%	9,1 M €	+4.4%	8,7 M €	+3.3%	8,4 M €	+4.9%	8 M €	+23.8%	6,5 M €	+23.3%	5,3 M €	+17.4%	4,5 M €	+11.5%	4 M €	+26.3%	3,2 M €	+37.0%	2,3 M €
Total assets	12,9 M €	-6.9%	13,8 M €	+1.4%	13,6 M €	+1.0%	13,5 M €	-7.6%	14,6 M €	+5.3%	13,9 M €	-13.5%	16 M €	+16.6%	13,7 M €	+6.1%	13 M €	+2.6%	12,6 M €	+8.1%	11,7 M €	+2.8%	11,4 M €	-2.6%	11,7 M €	+13.0%	10,3 M €	+1.6%	10,2 M €	+31.2%	7,8 M €	+19.9%	6,5 M €	+23.6%	5,2 M €	+24.9%	4,2 M €
Cash	1 M €	-47.5%	2 M €	+33.5%	1,5 M €	+45.1%	1 M €	+79.7%	563,2 k €	-57.6%	1,3 M €	-38.8%	2,2 M €	+266%	593 k €	-45.2%	1,1 M €	+180%	387,1 k €	+56.3%	247,7 k €	-5.7%	262,7 k €	-65.9%	771,3 k €	+351%	170,9 k €	+32.3%	129,2 k €	+23.4%	104,8 k €	+2.7%	102 k €	+484%	17,5 k €	-92.3%	227,6 k €
Debts	5,8 M €	-14.0%	6,7 M €	+7.8%	6,3 M €	+7.5%	5,8 M €	-18.1%	7,1 M €	+16.1%	6,1 M €	-10.2%	6,8 M €	+80.7%	3,8 M €	+13.9%	3,3 M €	+11.5%	3 M €	+24.0%	2,4 M €	+18.5%	2 M €	-28.1%	2,8 M €	-12.4%	3,2 M €	-24.3%	4,2 M €	+50.0%	2,8 M €	+28.7%	2,2 M €	+22.6%	1,8 M €	+25.5%	1,4 M €
Other
Workforce	20,8 ETP	-1.4%	21,1 ETP	+6.6%	19,8 ETP	+7.0%	18,5 ETP	+2.8%	18,0 ETP	+1.1%	17,8 ETP	+6.0%	16,8 ETP	-0.6%	16,9 ETP	-5.6%	17,9 ETP	+6.5%	16,8 ETP	-1.2%	17,0 ETP	+1.8%	16,7 ETP	-5.1%	17,6 ETP	+0.6%	17,5 ETP	-32.2%	25,8 ETP	-12.5%	29,5 ETP	+9.3%	27,0 ETP	+4.2%	25,9 ETP	+4.4%	24,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 57 ended

Active mandates

BRUNO DE CARTIER

Chairman of the board of directors · since 16 mai 2025 · until 19 mai 2028

Active

PHILIPPE FOUREL

Managing director · since 16 mai 2025 · until 19 mai 2028

Active

RADIO NOSTALGIE SAS

Director · since 16 mai 2025 · until 19 mai 2028

Represented by Richard Mazeret

Active

TOM KLERCKX

Director · since 16 mai 2025 · until 19 mai 2028

Active

Ended mandates

TOM KLERCKX

Director · since 21 mars 2025 · until 16 mai 2025

Ended

RADIO NOSTALGIE SAS

Director · since 01 janvier 2025 · until 16 mai 2025

Represented by PIERRE TODESCHINI

Ended

BART DECOSTER

Director · since 20 mai 2022 · until 31 décembre 2024

Ended

BART DECOSTER

Director · since 20 mai 2022 · until 16 mai 2025

Ended

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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	20/05/2026	20/05/2025	23/05/2024	22/05/2023	08/06/2022	28/05/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	20/05/2026	French	PDF
Full model	31/12/2024	16/05/2025	20/05/2025	French	PDF
Full model	31/12/2023	17/05/2024	23/05/2024	French	PDF
Full model	31/12/2022	19/05/2023	22/05/2023	French	PDF
Full model	31/12/2021	20/05/2022	08/06/2022	French	PDF
Full model	31/12/2020	21/05/2021	28/05/2021	French	PDF
Full model	31/12/2019	15/05/2020	18/05/2020	French	PDF
Full model	31/12/2018	17/05/2019	19/06/2019	French	PDF
Full model	31/12/2017	18/05/2018	31/05/2018	French	PDF
Full model	31/12/2016	19/05/2017	30/05/2017	French	PDF
Full model	31/12/2015	20/05/2016	13/06/2016	French	PDF
Full model	31/12/2014	15/05/2015	23/06/2015	French	PDF
Full model	31/12/2013	16/05/2014	20/06/2014	French	PDF
Full model	31/12/2012	17/05/2013	20/06/2013	French	PDF
Full model	31/12/2011	26/06/2012	17/07/2012	French	PDF
Full model	31/12/2010	20/05/2011	23/06/2011	French	PDF
Full model	31/12/2009	10/06/2010	16/07/2010	French	PDF
Full model	31/12/2008	02/01/2009	23/07/2009	French	PDF
Full model	31/12/2007	16/05/2008	30/07/2008	French	PDF
Full modelCorrection	31/12/2006	18/05/2007	07/08/2007	French	PDF
Full model	31/12/2006	18/05/2007	25/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 57 ended

Active mandates

BRUNO DE CARTIER

Chairman of the board of directors · since 16 mai 2025 · until 19 mai 2028

Active

PHILIPPE FOUREL

Managing director · since 16 mai 2025 · until 19 mai 2028

Active

RADIO NOSTALGIE SAS

Director · since 16 mai 2025 · until 19 mai 2028

Represented by Richard Mazeret

Active

TOM KLERCKX

Director · since 16 mai 2025 · until 19 mai 2028

Active

Ended mandates

TOM KLERCKX

Director · since 21 mars 2025 · until 16 mai 2025

Ended

RADIO NOSTALGIE SAS

Director · since 01 janvier 2025 · until 16 mai 2025

Represented by PIERRE TODESCHINI

Ended

BART DECOSTER

Director · since 20 mai 2022 · until 31 décembre 2024

Ended

BART DECOSTER

Director · since 20 mai 2022 · until 16 mai 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2025
DEMISSIONS, NOMINATIONS
PDF
Other09/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates12/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2017
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 20254 M €↓
2024
Annual accounts 20244,3 M €↑
2023
Annual accounts 20234,1 M €↑
2022
Annual accounts 20224,1 M €↓
2021
Annual accounts 20214,8 M €↑
2020
Annual accounts 20203,1 M €↓
2019
Annual accounts 20193,6 M €↑
2017
Annual accounts 20172,3 M €↑
2016
Annual accounts 20161,8 M €↓
2015
Annual accounts 20152 M €↑
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 20131,6 M €↑
2012
Annual accounts 20121,5 M €↑
2011
Annual accounts 20111,2 M €↑
2010
Annual accounts 2010778 k €↑
2009
Annual accounts 2009460,9 k €↓
2008
Annual accounts 2008835,9 k €↓
2007
Annual accounts 2007859,9 k €↑
2006
Annual accounts 2006794,5 k €
19/12/1990
IncorporationPublic 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

NOSTALGIE

Overview

What does NOSTALGIE do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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