ACTIVE

LE FORUM

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Financial year 2025 · Closed on 31/12/2025

Net result346,8 k €+14,4 %over 1 year

Revenue2,9 M €+11,6 %over 1 year

Equity1,5 M €+30,7 %over 1 year

Workforce6,2 ETP+3,3 %over 1 year

Identity

Source · BCE/KBO

LE FORUM is a Non-profit organization incorporated in 1998. Its main activity is: Operation of arts facilities. Its registered office is in Liège. It employs on average 6,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0464.203.495
Incorporation: 05/08/1998
Legal form: Non-profit organization
Registered office: Rue Pont-d'Avroy 14
4000 Liège · WallonieSee on map
Latest accounts: 31/12/2025
Average workforce: 6,2 ETP

Activities (NACE)

90041Operation of arts facilities· main 90311Creative, arts and entertainment activities 92321Gambling and betting activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,9 M €	+11.6%	2,6 M €	+23.8%	2,1 M €	+7.7%	1,9 M €	+252%	544,7 k €
EBITDA	393 k €	+12.2%	350,2 k €	+25.5%	279,1 k €	+24.7%	223,9 k €	+126%	99 k €
Operating result	368,2 k €	+10.0%	334,8 k €	+38.7%	241,4 k €	+27.0%	190,1 k €	+483%	32,6 k €
Net result	346,8 k €	+14.4%	303,2 k €	+47.1%	206,1 k €	+47.3%	139,8 k €	+743%	16,6 k €
Balance sheet
Equity	1,5 M €	+30.7%	1,1 M €	+36.7%	825,9 k €	+33.2%	619,9 k €	+29.1%	480 k €
Total assets	2,1 M €	+20.4%	1,8 M €	+22.4%	1,4 M €	+33.9%	1,1 M €	+35.4%	798,4 k €
Cash	505,1 k €	-7.8%	548,1 k €	+16.5%	470,4 k €	+94.3%	242 k €	-42.5%	420,9 k €
Debts	611,8 k €	+8.8%	562,2 k €	+5.5%	532,8 k €	+44.9%	367,8 k €	+77.7%	206,9 k €
Other
Workforce	6,2 ETP	+3.3%	6,0 ETP	+3.4%	5,8 ETP	+3.6%	5,6 ETP	+5.7%	5,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 49 ended

Active mandates

JEAN-MARC CLOSJANS

Délégué à la gestion journalière · since 18 février 2026 · until 31 août 2026

Active

VINCIANE PIRMOLIN

Director · since 20 novembre 2019 · until 21 mai 2027

Active

CLARISSE ALBERT

Director · since 23 novembre 2016 · until 21 mai 2027

Active

JEAN CHRISTOPHE PETERKENNE

Chairman of the board of directors · since 23 novembre 2016 · until 21 mai 2027

Active

JEAN-PIERRE DESIRON

Director · since 23 novembre 2016 · until 21 mai 2027

Active

PIERRE GILLISSEN

Vice-chairman of the board of directors · since 23 novembre 2016 · until 21 mai 2027

Active

SERGE SCORY

Director · since 23 novembre 2016 · until 21 mai 2027

Active

WILLY DELFLYS

Trésorier · since 23 novembre 2016 · until 21 mai 2027

Active

Ended mandates

SLB INVEST

Délégué à la gestion journalière · since 21 mai 2021 · until 21 mai 2027 · 0842.239.122

Represented by SIMON BOUAZZA

Ended

VINCIANE PIRMOLIN

Director · since 20 novembre 2019 · until 20 novembre 2025

Ended

DANIEL COURBE

Mandate · since 14 juin 2017 · until 14 juin 2023

Ended

DANIEL COURBE

Director · since 14 juin 2017 · until 14 juin 2023

Ended

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	31/07/2026	03/07/2025	19/06/2024	31/08/2023	03/06/2022	09/06/2021
General meeting	18/06/2026	28/05/2025	22/05/2024	07/06/2023	06/05/2022	06/05/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	31/07/2026	French	PDF
Abridged model	31/12/2024	28/05/2025	03/07/2025	French	PDF
Abridged model	31/12/2023	22/05/2024	19/06/2024	French	PDF
Abridged model	31/12/2022	07/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	06/05/2022	03/06/2022	French	PDF
Abridged model	31/12/2020	06/05/2021	09/06/2021	French	PDF
Abridged model	31/12/2019	06/05/2020	08/05/2020	French	PDF
Abridged model	31/12/2018	08/05/2019	03/06/2019	French	PDF
Abridged model	31/12/2017	02/05/2018	10/07/2018	French	PDF
Abridged model	31/12/2016	10/05/2017	07/06/2017	French	PDF
Abridged model	31/12/2015	20/04/2016	22/06/2016	French	PDF
Abridged model	31/12/2014	29/04/2015	16/07/2015	French	PDF
Abridged model	31/12/2013	23/04/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	24/04/2013	13/08/2013	French	PDF
Abridged model	31/12/2011	25/04/2012	20/08/2012	French	PDF
Abridged model	31/12/2010	27/04/2011	07/12/2011	French	PDF
Abridged model	31/12/2009	21/04/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	22/04/2009	07/10/2009	French	PDF
Abridged model	31/12/2007	09/04/2008	07/10/2009	French	PDF
Abridged model	31/12/2006	25/04/2007	03/09/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 49 ended

Active mandates

JEAN-MARC CLOSJANS

Délégué à la gestion journalière · since 18 février 2026 · until 31 août 2026

Active

VINCIANE PIRMOLIN

Director · since 20 novembre 2019 · until 21 mai 2027

Active

CLARISSE ALBERT

Director · since 23 novembre 2016 · until 21 mai 2027

Active

JEAN CHRISTOPHE PETERKENNE

Chairman of the board of directors · since 23 novembre 2016 · until 21 mai 2027

Active

JEAN-PIERRE DESIRON

Director · since 23 novembre 2016 · until 21 mai 2027

Active

PIERRE GILLISSEN

Vice-chairman of the board of directors · since 23 novembre 2016 · until 21 mai 2027

Active

SERGE SCORY

Director · since 23 novembre 2016 · until 21 mai 2027

Active

WILLY DELFLYS

Trésorier · since 23 novembre 2016 · until 21 mai 2027

Active

Ended mandates

SLB INVEST

Délégué à la gestion journalière · since 21 mai 2021 · until 21 mai 2027 · 0842.239.122

Represented by SIMON BOUAZZA

Ended

VINCIANE PIRMOLIN

Director · since 20 novembre 2019 · until 20 novembre 2025

Ended

DANIEL COURBE

Mandate · since 14 juin 2017 · until 14 juin 2023

Ended

DANIEL COURBE

Director · since 14 juin 2017 · until 14 juin 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2021
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates24/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2017
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025346,8 k €↑
2024
Annual accounts 2024303,2 k €↑
2024
Name changeFORUM DE LIEGE ASBL
2023
Annual accounts 2023206,1 k €↑
2022
Annual accounts 2022139,8 k €↑
2021
Annual accounts 202116,6 k €↑
2020
Annual accounts 2020-131 k €↓
2019
Annual accounts 201931,2 k €↑
2018
Annual accounts 201820,4 k €↓
2017
Annual accounts 201746,1 k €↑
2016
Annual accounts 20167,3 k €↓
2015
Annual accounts 201541,2 k €↓
2014
Annual accounts 201453,2 k €↑
2013
Annual accounts 20137,3 k €↓
2012
Annual accounts 201216,8 k €↑
2011
Annual accounts 2011551,1 €↑
2010
Annual accounts 2010-119,8 k €↓
2009
Annual accounts 200930,7 k €↑
2008
Annual accounts 200811,4 k €
2008
Name changeLE FORUM ASBL
05/08/1998
IncorporationNon-profit organization

LE FORUM

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