ACTIVE

Brussels Philharmonic

Financial year 2025 · closed on 31/12/2025
Net result
-91,5 k €
-292.2% YoY
Revenue
1,3 M €
-0.1% YoY
Equity
1,7 M €
-5.2% YoY
Workforce
125,1 ETP
+3.0% YoY

What does Brussels Philharmonic do?

Brussels Philharmonic is a Non-profit organization incorporated in 1998. Its main activity is: Performing arts. Its registered office is in Ixelles. It employs on average 125,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0463.455.508
Incorporation
02/03/1998
Legal form
Non-profit organization
Registered office
Place Eugène Flagey 18
1050 Ixelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
125,1 ETP
Joint committees (1)
  • 304
Signals
Low riskGood liquidityPositive EBITDAHealthy social debtsHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920172016201520142013201220112010200920082007
Income statement
Revenue1,3 M €1,3 M €1,1 M €841,1 k €462,5 k €444,7 k €1,2 M €1,5 M €1,4 M €1,2 M €1,2 M €
EBITDA333,5 k €546,8 k €628,9 k €870 k €1 M €1,2 M €318,3 k €208,1 k €-221,6 k €64 k €2 k €132,5 k €100,3 k €-300,2 k €-108 k €265,1 k €1,1 M €146,3 k €
Operating result295,2 k €512,7 k €515,9 k €755 k €862,2 k €1,1 M €305 k €147,4 k €-279 k €-7,1 k €-66,8 k €73,2 k €19,2 k €-372,9 k €-135,9 k €131,1 k €969,1 k €89 k €
Net result-91,5 k €47,6 k €140,2 k €394,2 k €476,8 k €672,3 k €-65,5 k €7 k €-242,2 k €-57,1 k €-95,4 k €58,9 k €11,5 k €-430,2 k €-128,3 k €243,7 k €963 k €60,1 k €
Balance sheet
Equity1,7 M €1,8 M €1,7 M €1,6 M €1,2 M €706,9 k €34,5 k €99,8 k €92,9 k €335,1 k €392,2 k €487,6 k €428,7 k €417,2 k €847,3 k €975,7 k €732 k €-231,1 k €
Total assets5,7 M €5,7 M €5,7 M €4,9 M €4,2 M €4,5 M €4,4 M €4,1 M €2,7 M €3 M €2,8 M €2,6 M €2,3 M €2 M €1,7 M €2,2 M €1,8 M €1,2 M €
Cash2,5 M €2,6 M €1,8 M €1,8 M €1,3 M €1,6 M €657,2 k €383,9 k €409,7 k €335,7 k €74,2 k €459,9 k €134,2 k €134,4 k €242,5 k €204,2 k €41,6 k €90,7 k €
Debts2,2 M €2,5 M €2,4 M €1,7 M €1,8 M €2,4 M €3,6 M €3,6 M €2,5 M €2,7 M €2,4 M €2,1 M €1,9 M €1,5 M €678,1 k €974 k €934,5 k €1,2 M €
Other
Workforce125,1 ETP121,5 ETP129,0 ETP123,4 ETP115,9 ETP122,1 ETP126,7 ETP123,0 ETP117,5 ETP118,1 ETP90,5 ETP86,5 ETP85,9 ETP82,1 ETP85,1 ETP74,3 ETP68,9 ETP69,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 15 active · 50 ended

Active mandates

Bart DE VOS

Government commissioner · since 28 mars 2025

Active
Sieghild LACOERE

Government commissioner · since 28 mars 2025

Active
Luc DELRUE

Chairman of the board of directors · since 01 mars 2024

Active
Hilde PEETERS

Director · since 22 septembre 2023

Active
Erwin SCHELTJENS

Government commissioner · since 21 septembre 2023 · until 28 mars 2025

Active
Gwendolina WILLEMS

Director · since 04 juillet 2022

Active
Peter DE GRAEVE

Director · since 04 juillet 2022

Active
Kurt VAN DEN BOSSCHE

Director · since 28 mars 2022

Active
Ann BRUSSEEL

Director · since 29 novembre 2021

Active
Esther COOREVITS

Director · since 29 novembre 2021

Active
Ralf VAN DEN HAUTE

Director · since 29 novembre 2021

Active
Maarten VANHOLLE

Government commissioner · since 22 octobre 2021 · until 28 mars 2025

Active
Abigail LEVRAU

Vice-chairman of the board of directors · since 29 mars 2018

Active
Kaat EXTERBILLE

Director · since 17 février 2017

Active
Koen VANHAERENTS

Director · since 17 février 2017

Active

Ended mandates

Erwin SCHELTJENS

Government commissioner · since 21 septembre 2023

Ended
Johan SWINNEN

Chairman of the board of directors · since 29 novembre 2021 · until 10 novembre 2023

Ended
JOHAN SWINNEN

Chairman of the board of directors · since 29 novembre 2021

Ended
Maarten VANHOLLE

Government commissioner · since 22 octobre 2021

Ended
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Annual accounts

Full financial information

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 date17/04/202617/04/202512/04/202413/04/202306/04/202229/03/2021
General meeting30/03/202624/03/202525/03/202427/03/202328/03/202222/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/03/202617/04/2026DutchPDF
Full model31/12/202424/03/202517/04/2025DutchPDF
Full model31/12/202325/03/202412/04/2024DutchPDF
Full model31/12/202227/03/202313/04/2023DutchPDF
Full model31/12/202128/03/202206/04/2022DutchPDF
Full model31/12/202022/03/202129/03/2021DutchPDF
Full modelCorrection31/12/201927/04/202017/07/2020DutchPDF
Full model31/12/201927/04/202025/05/2020DutchPDF
Full model31/12/201829/03/201901/07/2019DutchPDF
Full model31/12/201729/03/201812/07/2018DutchPDF
Full model31/12/201624/04/201725/04/2017DutchPDF
Full model31/12/201523/03/201620/12/2016DutchPDF
Full model31/12/201423/03/201525/03/2015DutchPDF
Abridged model31/12/201304/04/201409/04/2014DutchPDF
Abridged model31/12/201230/03/201324/03/2014DutchPDF
Abridged model31/12/201130/03/201210/05/2012DutchPDF
Abridged model31/12/201019/03/201113/04/2011DutchPDF
Abridged model31/12/200919/03/201022/03/2010DutchPDF
Abridged model31/12/200801/03/200901/04/2009DutchPDF
Abridged model31/12/200728/02/200828/03/2008DutchPDF
Abridged model31/12/200609/03/200705/04/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 15 active · 50 ended

Active mandates

Bart DE VOS

Government commissioner · since 28 mars 2025

Active
Sieghild LACOERE

Government commissioner · since 28 mars 2025

Active
Luc DELRUE

Chairman of the board of directors · since 01 mars 2024

Active
Hilde PEETERS

Director · since 22 septembre 2023

Active
Erwin SCHELTJENS

Government commissioner · since 21 septembre 2023 · until 28 mars 2025

Active
Gwendolina WILLEMS

Director · since 04 juillet 2022

Active
Peter DE GRAEVE

Director · since 04 juillet 2022

Active
Kurt VAN DEN BOSSCHE

Director · since 28 mars 2022

Active
Ann BRUSSEEL

Director · since 29 novembre 2021

Active
Esther COOREVITS

Director · since 29 novembre 2021

Active
Ralf VAN DEN HAUTE

Director · since 29 novembre 2021

Active
Maarten VANHOLLE

Government commissioner · since 22 octobre 2021 · until 28 mars 2025

Active
Abigail LEVRAU

Vice-chairman of the board of directors · since 29 mars 2018

Active
Kaat EXTERBILLE

Director · since 17 février 2017

Active
Koen VANHAERENTS

Director · since 17 février 2017

Active

Ended mandates

Erwin SCHELTJENS

Government commissioner · since 21 septembre 2023

Ended
Johan SWINNEN

Chairman of the board of directors · since 29 novembre 2021 · until 10 novembre 2023

Ended
JOHAN SWINNEN

Chairman of the board of directors · since 29 novembre 2021

Ended
Maarten VANHOLLE

Government commissioner · since 22 octobre 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/01/2022
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025-91,5 k €
  2. 2024
    Annual accounts 202447,6 k €
  3. 2023
    Annual accounts 2023140,2 k €
  4. 2022
    Annual accounts 2022394,2 k €
  5. 2021
    Annual accounts 2021476,8 k €
  6. 2020
    Annual accounts 2020672,3 k €
  7. 2019
    Annual accounts 2019-65,5 k €
  8. 2017
    Annual accounts 20177 k €
  9. 2016
    Annual accounts 2016-242,2 k €
  10. 2015
    Annual accounts 2015-57,1 k €
  11. 2014
    Annual accounts 2014-95,4 k €
  12. 2013
    Annual accounts 201358,9 k €
  13. 2012
    Annual accounts 201211,5 k €
  14. 2011
    Annual accounts 2011-430,2 k €
  15. 2010
    Annual accounts 2010-128,3 k €
  16. 2009
    Annual accounts 2009243,7 k €
  17. 2008
    Annual accounts 2008963 k €
  18. 2007
    Annual accounts 200760,1 k €
  19. 02/03/1998
    IncorporationNon-profit organization