ACTIVE

CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION

Financial year 2025 · Closed on 31/12/2025

Net result-78 k €+75,7 %over 1 year

Gross margin567,7 k €-29,7 %over 1 year

Equity756,8 k €-9,3 %over 1 year

Identity

Source · BCE/KBO

CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION is a International non-profit organization incorporated in 1994. Its main activity is: Libraries, archives, museums and other cultural activities. Its registered office is in Etterbeek.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0451.888.158
Incorporation: 13/01/1994
Legal form: International non-profit organization
Registered office: Rue Belliard 40
1040 Etterbeek · BruxellesSee on map
Latest accounts: 31/12/2025

Activities (NACE)

91110Libraries, archives, museums and other cultural activities· main 94110Activities of business and employers membership organisations 94110Activities of business and employers membership organisations 82100Office administrative and support activities 82190Photocopying, document preparation and other specialised office support activities

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	567,7 k €	-29.7%	807,1 k €	+30.2%	619,7 k €	-14.0%	720,9 k €	-1.3%	730,5 k €
EBITDA	-75,6 k €	+76.4%	-320,5 k €	-171%	-118,1 k €	-28.8%	-91,7 k €	-97.4%	-46,4 k €
Operating result	-164,7 k €	+49.0%	-322,9 k €	-169%	-120,2 k €	-20.5%	-99,7 k €	-65.8%	-60,2 k €
Net result	-78 k €	+75.7%	-320,9 k €	-221%	-100 k €	+59.1%	-244,3 k €	-234%	-73,2 k €
Balance sheet
Equity	756,8 k €	-9.3%	834,8 k €	-27.8%	1,2 M €	-8.0%	1,3 M €	-16.3%	1,5 M €
Total assets	1,1 M €	-1.6%	1,1 M €	-14.2%	1,3 M €	-2.8%	1,3 M €	-13.2%	1,5 M €
Cash	123,2 k €	-18.7%	151,5 k €	-25.8%	204,2 k €	+50.1%	136,1 k €	-23.6%	178,2 k €
Debts	239,3 k €	+134%	102,4 k €	-7.8%	111 k €	+139%	46,5 k €	+19723%	234,6 €
Other
Workforce	–		–		–		0,0 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Udo Kuhllmann	Directorsince 26/11/2025
Amaury Duhem	Directorsince 21/05/2025
Bernardo Staiano	Directorsince 21/05/2025
Dogan Sevim	Directorsince 21/05/2025
Rohit Aggarwal	Directorsince 26/11/2024
Klaus Holz	Vice-chairman of the board of directorssince 23/05/2023
Till Boldt	Administrateur / Trésoriersince 23/05/2023Directorsince 23/05/2023ended
Ersan Ozsoy	Directorsince 26/05/2021
Stefano Loro	Directorsince 26/05/2021
Arnaud Closson	Chairman of the board of directorssince 24/05/2017
Necat Altin	Directorsince 20/05/2015

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ibrahim Yildirim	Directorsince 26/11/2024
Stephan Sielaff	Directorsince 29/11/2023
Edo Lieven	Directorsince 23/05/2023
Marina Crnoja-Cosic	Directorsince 23/05/2023

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Rue Belliard 40 1040 Etterbeek

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AED GVBF 1● Active	1003.556.060
AED GVBF 10● Active	1003.554.971
AED GVBF 2● Active	1003.556.654
AED GVBF 3● Active	1003.557.347
AED GVBF 4● Active	1003.557.644
AED GVBF 5● Active	1003.552.201
AED GVBF 6● Active	1003.553.090
AED GVBF 7● Active	1003.553.684
AED GVBF 8● Active	1003.554.377
AED GVBF 9● Active	1003.554.674
AEDIFICA● Active	0877.248.501
AEDIFICA INVEST● Active	0879.109.317
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Airlines International Representation in Europe● Active	0424.052.821
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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Micro model	Abridged 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	02/06/2026	08/08/2025	01/10/2024	10/07/2023	07/09/2022	16/08/2021
General meeting	20/05/2026	21/05/2025	28/06/2024	27/06/2023	18/05/2022	15/03/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/05/2026	02/06/2026	French	PDF
Micro model	31/12/2024	21/05/2025	08/08/2025	French	PDF
Micro model	31/12/2023	28/06/2024	01/10/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	10/07/2023	Dutch	PDF
Micro model	31/12/2021	18/05/2022	07/09/2022	Dutch	PDF
Abridged model	31/12/2020	15/03/2021	16/08/2021	French	PDF
Abridged model	31/12/2019	31/08/2020	03/11/2020	French	PDF
Abridged model	31/12/2018	15/04/2019	12/08/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	24/10/2018	French	PDF
Abridged model	31/12/2016	11/03/2017	15/09/2017	French	PDF
Abridged model	31/12/2015	11/03/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	21/05/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	04/03/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	25/08/2010	French	PDF
Abridged model	31/12/2008	31/05/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	01/08/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	27/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

11 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Udo Kuhllmann	Directorsince 26/11/2025
Amaury Duhem	Directorsince 21/05/2025
Bernardo Staiano	Directorsince 21/05/2025
Dogan Sevim	Directorsince 21/05/2025
Rohit Aggarwal	Directorsince 26/11/2024
Klaus Holz	Vice-chairman of the board of directorssince 23/05/2023
Till Boldt	Administrateur / Trésoriersince 23/05/2023Directorsince 23/05/2023ended
Ersan Ozsoy	Directorsince 26/05/2021
Stefano Loro	Directorsince 26/05/2021
Arnaud Closson	Chairman of the board of directorssince 24/05/2017
Necat Altin	Directorsince 20/05/2015

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ibrahim Yildirim	Directorsince 26/11/2024
Stephan Sielaff	Directorsince 29/11/2023
Edo Lieven	Directorsince 23/05/2023
Marina Crnoja-Cosic	Directorsince 23/05/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/09/2026
Démission et nomination d'administrateurs ; Fonctions exercées au sein du
PDF
Mandates22/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2023
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Udo Kuhllmann

Amaury Duhem

Dogan Sevim

Bernardo Staiano

Rohit Aggarwal

Till Boldt

Klaus Holz

Stefano Loro

Ersan Ozsoy

Arnaud Closson

Necat Altin

Ibrahim Yildirim

and 7 more mandates

199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION

Rue Belliard 40, 1040 Etterbeek

Director

Administrateur / Trésorier

Vice-chairman of the board of directors

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Belliard 40, 1040 EtterbeekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00138659

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATIONCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00138659

Events

2025
Annual accounts 2025-78 k €↑
2024
Annual accounts 2024-320,9 k €↓
2023
Annual accounts 2023-100 k €↑
2022
Annual accounts 2022-244,3 k €↓
2021
Annual accounts 2021-73,2 k €↓
2020
Annual accounts 20203,4 k €↓
2019
Annual accounts 2019
2018
Annual accounts 2018
2017
Annual accounts 201720,8 k €↑
2016
Annual accounts 2016
2015
Annual accounts 2015-10,9 k €↑
2014
Annual accounts 2014-28,1 k €↑
2013
Annual accounts 2013-53,9 k €↑
2012
Annual accounts 2012-95,6 k €↓
2011
Annual accounts 2011-56,3 k €↑
2010
Annual accounts 2010-112,9 k €↑
2009
Annual accounts 2009-1,4 M €↓
2008
Annual accounts 2008-98,8 k €↓
2007
Annual accounts 2007132,5 k €
13/01/1994
IncorporationInternational non-profit organization

CIRFS: EUROPEAN MAN-MADE FIBRES ASSOCIATION

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events