ACTIVE

Chapelle Musicale Reine Elisabeth - Muziekkapel Koningin Elisabeth

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Financial year 2025 · Closed on 31/12/2025

Net result49,9 k €+117,1 %over 1 year

Gross margin1,4 M €+80,6 %over 1 year

Equity10,5 M €+0,5 %over 1 year

Workforce18,3 ETP+13,0 %over 1 year

Identity

Source · BCE/KBO

Chapelle Musicale Reine Elisabeth - Muziekkapel Koningin Elisabeth is a Public utility foundation incorporated in 1996. Its main activity is: Artistic creation. Its registered office is in Bruxelles. It employs on average 18,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0459.245.906
Incorporation: 07/06/1996
Legal form: Public utility foundation
Registered office: Rue Brederode 14
1000 Bruxelles · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 18,3 ETP

Activities (NACE)

90032Artistic creation· main 90120Creative, arts and entertainment activities 90041Operation of arts facilities 90311Creative, arts and entertainment activities

Joint committees (1)

32903

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,4 M €	+80.6%	800,7 k €	-19.6%	996,1 k €	+54.2%	645,9 k €	-16.6%	774,3 k €
EBITDA	-220,3 k €	+44.0%	-393,4 k €	-678%	68 k €	+154%	-126,3 k €	-584%	-18,4 k €
Operating result	-242,7 k €	+42.6%	-422,8 k €	-1223%	37,6 k €	+124%	-156,1 k €	-259%	-43,5 k €
Net result	49,9 k €	+117%	-292,1 k €	-693%	49,3 k €	+126%	-191,6 k €	-2327%	8,6 k €
Balance sheet
Equity	10,5 M €	+0.5%	10,5 M €	-2.7%	10,8 M €	+3.3%	10,4 M €	+1.1%	10,3 M €
Total assets	12,2 M €	+6.2%	11,5 M €	-2.3%	11,8 M €	+5.1%	11,2 M €	+0.3%	11,2 M €
Cash	274,5 k €	-10.3%	305,9 k €	-60.3%	770,8 k €	-38.9%	1,3 M €	+14.5%	1,1 M €
Debts	835,9 k €	+6.4%	785,9 k €	-4.8%	825,3 k €	+55.0%	532,4 k €	-17.2%	643,4 k €
Other
Workforce	18,3 ETP	+13.0%	16,2 ETP	+11.7%	14,5 ETP	-3.3%	15,0 ETP	+4.2%	14,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

10 active · 27 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Charles Adriaenssen	Director23/01/2024 → 31/12/2030
Vincent Houssiau	Director16/05/2023 → 31/12/2029
Géry Daeninck	Director22/11/2017 → 31/12/2026Managing directorsince 16/04/2008endedMandateended
Fabrice du Chastel de la Howarderie	Director11/04/2016 → 31/12/2029
Michel Delbaere	Chairman of the board of directors11/04/2016 → 31/12/2028Directorsince 11/04/2016endedMandateended
Pierre Gurdijan	Director11/04/2016 → 31/12/2029Mandateended
Viviane Reding	Director16/04/2008 → 31/12/2026Mandateended
Sylvia Goldschmidt	Director25/05/2005 → 31/12/2026Mandateended
Bernard Foccroulle	Director29/06/2004 → 31/12/2029Mandateended
Paul Dujardin	Director29/06/2004 → 31/12/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Konstantinos Apostolatos	Directorsince 23/01/2024
Bernard Comte de Launoit	Managing directorsince 22/11/2017
Fabrice Comte du Chastel de la Howarderie	Directorsince 11/04/2016
Léonard Schrank	Directorsince 28/03/2012

Other companies at this address

Rue Brederode 14 1000 Bruxelles

Company	CBE no.
Donation Royale● Active	0207.913.758

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	15/04/2026	02/07/2025	13/02/2025	02/06/2023	23/06/2022	09/08/2021
General meeting	24/03/2026	25/03/2025	17/04/2024	27/03/2023	28/03/2022	22/03/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/03/2026	15/04/2026	French	PDF
Abridged model	31/12/2024	25/03/2025	02/07/2025	French	PDF
Abridged modelCorrection	31/12/2023	17/04/2024	13/02/2025	French	PDF
Abridged model	31/12/2023	17/04/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	27/03/2023	02/06/2023	French	PDF
Abridged model	31/12/2021	28/03/2022	23/06/2022	French	PDF
Abridged model	31/12/2020	22/03/2021	09/08/2021	French	PDF
Abridged model	31/12/2019	23/03/2020	04/05/2020	French	PDF
Abridged model	31/12/2018	25/03/2019	25/07/2019	French	PDF
Abridged model	31/12/2017	27/03/2018	11/07/2018	French	PDF
Abridged model	31/12/2016	27/03/2017	14/07/2017	French	PDF
Abridged model	31/12/2015	23/03/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	25/03/2015	25/06/2015	French	PDF
Abridged model	31/12/2013	26/03/2014	08/05/2014	French	PDF
Abridged model	31/12/2012	27/03/2013	04/06/2013	French	PDF
Abridged model	31/12/2011	28/03/2012	07/05/2012	French	PDF
Abridged model	31/12/2010	31/03/2011	26/04/2011	French	PDF
Abridged model	31/12/2009	31/03/2010	26/04/2010	French	PDF
Abridged model	31/12/2008	24/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	15/04/2008	27/05/2008	French	PDF
Abridged model	31/12/2006	27/03/2007	10/04/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

10 active · 27 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Charles Adriaenssen	Director23/01/2024 → 31/12/2030
Vincent Houssiau	Director16/05/2023 → 31/12/2029
Géry Daeninck	Director22/11/2017 → 31/12/2026Managing directorsince 16/04/2008endedMandateended
Fabrice du Chastel de la Howarderie	Director11/04/2016 → 31/12/2029
Michel Delbaere	Chairman of the board of directors11/04/2016 → 31/12/2028Directorsince 11/04/2016endedMandateended
Pierre Gurdijan	Director11/04/2016 → 31/12/2029Mandateended
Viviane Reding	Director16/04/2008 → 31/12/2026Mandateended
Sylvia Goldschmidt	Director25/05/2005 → 31/12/2026Mandateended
Bernard Foccroulle	Director29/06/2004 → 31/12/2029Mandateended
Paul Dujardin	Director29/06/2004 → 31/12/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Konstantinos Apostolatos	Directorsince 23/01/2024
Bernard Comte de Launoit	Managing directorsince 22/11/2017
Fabrice Comte du Chastel de la Howarderie	Directorsince 11/04/2016
Léonard Schrank	Directorsince 28/03/2012

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/04/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/04/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office09/04/2009
Changement du but, transfert du siège
PDF
Registered office09/04/2009
Wijziging van het doel, overplaatsing zetel.
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

Charles Adriaenssen

Vincent Houssiau

Géry Daeninck

Michel Delbaere

Fabrice du Chastel de la Howarderie

Pierre Gurdijan

Viviane Reding

Sylvia Goldschmidt

Paul Dujardin

Bernard Foccroulle

Konstantinos Apostolatos

Bernard Comte de Launoit

and 17 more mandates

19961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

CHAPELLE MUSICALE REINE ELISABETH

Rue Brederode 14, 1000 Brussels

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 Brederode 14, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00079677

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Chapelle Musicale Reine Elisabeth - Muziekkapel Koningin ElisabethCurrent		CBE
Chapelle Musicale Reine Elisabeth Fondat	accounts 2025	Accounts 2025 · 2026-00079677
CHAPELLE MUSICALE REINE ELISABETH	accounts 2021 → 2024	Accounts 2024 · 2025-00214707

Events

2025
Annual accounts 202549,9 k €↑
2025
Name changeChapelle Musicale Reine Elisabeth Fondat
2024
Annual accounts 2024-292,1 k €↓
2023
Annual accounts 202349,3 k €↑
2022
Annual accounts 2022-191,6 k €↓
2021
Annual accounts 20218,6 k €↓
2020
Annual accounts 2020376,9 k €↑
2019
Annual accounts 2019-45,1 k €↑
2018
Annual accounts 2018-134,5 k €↓
2017
Annual accounts 2017215,6 k €↑
2016
Annual accounts 201610,7 k €↓
2015
Annual accounts 2015151,5 k €↑
2014
Annual accounts 2014-5,4 k €↑
2013
Annual accounts 2013-482,5 k €↓
2012
Annual accounts 2012-255,5 k €↓
2011
Annual accounts 201110,7 k €↑
2010
Annual accounts 20108,1 k €↑
2009
Annual accounts 2009-87,5 k €↑
2008
Annual accounts 2008-230 k €↓
2007
Annual accounts 2007-5 k €
07/06/1996
IncorporationPublic utility foundation

Chapelle Musicale Reine Elisabeth - Muziekkapel Koningin Elisabeth

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