ACTIVE

Fondation Folon

Financial year 2025 · closed on 31/12/2025
Net result
740,7 k €
+467.2% YoY
Gross margin
1,8 M €
+55.0% YoY
Equity
22,5 M €
+3.2% YoY
Workforce
14,0 ETP
-17.6% YoY

What does Fondation Folon do?

Fondation Folon is a Public utility foundation incorporated in 1999. Its main activity is: Museums activities. Its registered office is in La Hulpe. It employs on average 14,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0467.327.093
Incorporation
07/05/1999
Legal form
Public utility foundation
Registered office
Drève de la Ramée SN
1310 La Hulpe · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
14,0 ETP
Joint committees (2)
  • 329
  • 32902
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin1,8 M €1,1 M €1,2 M €939,4 k €568,2 k €372,1 k €169,1 k €2,1 M €400,3 k €1,6 M €2,4 M €297,1 k €230,1 k €216,2 k €187,9 k €262,5 k €204,8 k €437 k €145,1 k €
EBITDA662,5 k €13 k €197,1 k €-138,5 k €-341,8 k €-394,1 k €-711,1 k €1,1 M €-343,9 k €771,2 k €1,8 M €-132,8 k €-147,4 k €-122,1 k €-136,8 k €-61,5 k €-88 k €113,8 k €-168,4 k €
Operating result567 k €-65,2 k €118,5 k €-211,1 k €-422,2 k €-485,8 k €-910,5 k €926,1 k €-588,3 k €712 k €1,8 M €-198,4 k €-212 k €-170,1 k €-172 k €-91,7 k €-130,5 k €-93,9 k €-402,3 k €
Net result740,7 k €130,6 k €782,7 k €-852,3 k €-19,6 k €-186,9 k €-2,2 k €334,2 k €-635,3 k €588,3 k €1,8 M €-139,6 k €-134,8 k €-121,9 k €-149,1 k €-57,4 k €-78,9 k €11,8 k €-261,7 k €
Balance sheet
Equity22,5 M €21,8 M €21,7 M €21 M €21,9 M €21,9 M €22,1 M €22,2 M €21,9 M €22,6 M €22 M €3,9 M €4,1 M €4,1 M €3,9 M €4 M €4,1 M €4,2 M €4,3 M €
Total assets23 M €22,2 M €22,3 M €21,2 M €22,1 M €22,2 M €22,7 M €23 M €22,3 M €23,7 M €22,9 M €4,1 M €4,4 M €4,4 M €4,1 M €4,2 M €4,3 M €4,4 M €4,5 M €
Cash707 k €654,2 k €1,2 M €1,3 M €2,5 M €2,6 M €3,1 M €2,1 M €1,9 M €1,1 M €4,9 M €69,5 k €74 k €15 k €57,5 k €65,7 k €254,9 k €255 k €129,9 k €
Debts319,4 k €292,4 k €232 k €248,6 k €195,6 k €232,6 k €349,3 k €792,5 k €445,1 k €1,1 M €827 k €247,2 k €314,7 k €287,5 k €231,7 k €215,2 k €206,6 k €198,7 k €209,6 k €
Other
Workforce14,0 ETP17,0 ETP17,1 ETP14,2 ETP13,2 ETP14,0 ETP14,4 ETP12,9 ETP13,3 ETP12,6 ETP10,6 ETP8,8 ETP7,7 ETP7,2 ETP7,2 ETP7,0 ETP7,2 ETP7,3 ETP7,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 18 active · 128 ended

Active mandates

Anabelle du Parc

Mandate

Active
Benoit de Hollain

Mandate

Active
Claude de Selliers

Mandate

Active
Gilles Mahieu

Mandate

Active
Jean Courtin

Mandate

Active
Jean-Nicolas Dutry

Mandate

Active
Lucas Noëlle

Mandate

Active
Marc Laurencin

Mandate

Active
Olivier Vanham

Mandate

Active
Pierre Boucher

Mandate

Active
Robert Collignon

Mandate

Active
Robert TOLLET

Mandate

Active
Sophie de La Vallée de Rarecourt de Pimodan

Mandate

Active
Stéphanie Angelroth

Mandate

Active
Tanguy Stuckens

Mandate

Active
Viviane Jacobs

Mandate

Active
Xavier Verhaeghe

Mandate

Active
Yves Van Honacker

Mandate

Active

Ended mandates

Xavier Verhaeghe

Administrateur effectif (avec voix délibérative) · since 02 décembre 2024 · until 02 décembre 2026

Ended
Claude de SELLIERS

Administrateur associé (avec voix consultative) · since 11 juin 2024 · until 11 juin 2028

Ended
Olivier VANHAM

Administrateur associé (avec voix consultative) · since 11 juin 2024 · until 11 juin 2028

Ended
Sophie de LA VALLEE DE RARECOURT DE PIMODAN

Administrateur associé (avec voix consultative) · since 11 juin 2024 · until 11 juin 2028

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date17/06/202611/07/202510/07/202430/05/202327/06/202230/06/2021
General meeting16/06/202612/06/202511/06/202424/05/202324/06/202221/06/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/06/202617/06/2026FrenchPDF
Abridged model31/12/202412/06/202511/07/2025FrenchPDF
Abridged model31/12/202311/06/202410/07/2024FrenchPDF
Abridged model31/12/202224/05/202330/05/2023FrenchPDF
Abridged model31/12/202124/06/202227/06/2022FrenchPDF
Abridged model31/12/202021/06/202130/06/2021FrenchPDF
Abridged model31/12/201926/08/202027/08/2020FrenchPDF
Abridged model31/12/201817/06/201919/06/2019FrenchPDF
Abridged model31/12/201725/06/201828/06/2018FrenchPDF
Abridged model31/12/201623/06/201727/06/2017FrenchPDF
Abridged model31/12/201529/06/201614/07/2016FrenchPDF
Abridged model31/12/201430/04/201528/05/2015FrenchPDF
Abridged model31/12/201304/04/201415/05/2014FrenchPDF
Abridged model31/12/201222/03/201304/07/2013FrenchPDF
Abridged model31/12/201108/06/201215/06/2012FrenchPDF
Abridged model31/12/201022/03/201111/05/2011FrenchPDF
Abridged model31/12/200919/03/201030/03/2010FrenchPDF
Abridged model31/12/200828/05/200915/06/2009FrenchPDF
Abridged model31/12/200729/05/200827/06/2008FrenchPDF
Abridged model31/12/200626/04/200724/05/2007FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 18 active · 128 ended

Active mandates

Anabelle du Parc

Mandate

Active
Benoit de Hollain

Mandate

Active
Claude de Selliers

Mandate

Active
Gilles Mahieu

Mandate

Active
Jean Courtin

Mandate

Active
Jean-Nicolas Dutry

Mandate

Active
Lucas Noëlle

Mandate

Active
Marc Laurencin

Mandate

Active
Olivier Vanham

Mandate

Active
Pierre Boucher

Mandate

Active
Robert Collignon

Mandate

Active
Robert TOLLET

Mandate

Active
Sophie de La Vallée de Rarecourt de Pimodan

Mandate

Active
Stéphanie Angelroth

Mandate

Active
Tanguy Stuckens

Mandate

Active
Viviane Jacobs

Mandate

Active
Xavier Verhaeghe

Mandate

Active
Yves Van Honacker

Mandate

Active

Ended mandates

Xavier Verhaeghe

Administrateur effectif (avec voix délibérative) · since 02 décembre 2024 · until 02 décembre 2026

Ended
Claude de SELLIERS

Administrateur associé (avec voix consultative) · since 11 juin 2024 · until 11 juin 2028

Ended
Olivier VANHAM

Administrateur associé (avec voix consultative) · since 11 juin 2024 · until 11 juin 2028

Ended
Sophie de LA VALLEE DE RARECOURT DE PIMODAN

Administrateur associé (avec voix consultative) · since 11 juin 2024 · until 11 juin 2028

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/05/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other20/04/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates14/10/2021
    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

Timeline

  1. 2025
    Annual accounts 2025740,7 k €
  2. 2024
    Annual accounts 2024130,6 k €
  3. 2023
    Annual accounts 2023782,7 k €
  4. 2022
    Annual accounts 2022-852,3 k €
  5. 2021
    Annual accounts 2021-19,6 k €
  6. 2020
    Annual accounts 2020-186,9 k €
  7. 2019
    Annual accounts 2019-2,2 k €
  8. 2018
    Annual accounts 2018334,2 k €
  9. 2017
    Annual accounts 2017-635,3 k €
  10. 2016
    Annual accounts 2016588,3 k €
  11. 2015
    Annual accounts 20151,8 M €
  12. 2014
    Annual accounts 2014-139,6 k €
  13. 2013
    Annual accounts 2013-134,8 k €
  14. 2012
    Annual accounts 2012-121,9 k €
  15. 2011
    Annual accounts 2011-149,1 k €
  16. 2010
    Annual accounts 2010-57,4 k €
  17. 2009
    Annual accounts 2009-78,9 k €
  18. 2008
    Annual accounts 200811,8 k €
  19. 2007
    Annual accounts 2007-261,7 k €
  20. 07/05/1999
    IncorporationPublic utility foundation