ACTIVE

FLAGEY

Financial year 2024 · closed on 31/12/2024
Net result
5,4 k €
+982.6% YoY
Revenue
3,4 M €
+10.4% YoY
Equity
24,1 k €
+119.1% YoY
Workforce
30,8 ETP
-1.6% YoY

What does FLAGEY do?

FLAGEY is a Non-profit organization incorporated in 2001. Its main activity is: Support activities to performing arts. Its registered office is in Ixelles. It employs on average 30,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0476.091.737
Incorporation
17/09/2001
Legal form
Non-profit organization
Registered office
Rue du Belvédère 27 box 5
1050 Ixelles · BruxellesSee on map
Latest accounts
31/12/2024
Average workforce
30,8 ETP
Joint committees (1)
  • 304
Signals
ProfitableGood liquidityPositive cashflowHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20242023202220212020201920182017201620152011201020092008
Income statement
Revenue3,4 M €3,1 M €2,2 M €1,1 M €1,2 M €2,9 M €2,7 M €2,4 M €2,4 M €2 M €1,3 M €1,3 M €1,4 M €1,2 M €
EBITDA-745,9 €-566,8 €4,9 k €5,4 k €81,7 k €59,9 k €106,4 k €66,2 k €65,4 k €-34,6 k €54,9 k €434,1 k €-165,9 k €126,5 k €
Operating result-34,2 k €-17,4 k €-27 k €-25,4 k €4,6 k €-6,6 k €-18 k €4,4 k €2,2 k €-78,7 k €22,8 k €397,7 k €-216,4 k €94,1 k €
Net result5,4 k €500 €-3 k €-4,6 k €2,7 k €-1,5 k €-13,8 k €11,2 k €26 €-80,5 k €7,6 k €276,4 k €-239,4 k €72,9 k €
Balance sheet
Equity24,1 k €-126,2 k €-108,9 k €-75,5 k €-35,7 k €-1,7 k €40 k €93,9 k €122,8 k €162,9 k €-42,8 k €-50,4 k €-326,8 k €-87,4 k €
Total assets3,5 M €3,2 M €3,3 M €3,3 M €4 M €3,6 M €3,4 M €3,5 M €2,6 M €2,4 M €1,9 M €1,3 M €1,7 M €1,7 M €
Cash1,8 M €1,4 M €1,9 M €2 M €2,9 M €2,1 M €1,6 M €1,9 M €1,3 M €1,3 M €566,6 k €295,3 k €379,6 k €180,2 k €
Debts1,4 M €1,5 M €1,3 M €1,4 M €2,4 M €2 M €1,7 M €1,3 M €1,3 M €1,1 M €1,3 M €1,1 M €2 M €1,7 M €
Other
Workforce30,8 ETP31,3 ETP30,5 ETP28,5 ETP28,2 ETP30,1 ETP28,8 ETP29,8 ETP29,1 ETP27,4 ETP25,9 ETP27,7 ETP28,6 ETP26,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 12 active · 113 ended

Active mandates

Clair YSEBAERT

Director · since 15 juin 2023 · until 30 juin 2026

Active
Els GOSSE

Director · since 15 juin 2023 · until 30 juin 2026

Active
Erik MAES

Director · since 15 juin 2023 · until 30 juin 2026

Active
Samantha CLOITRE

Director · since 15 juin 2023 · until 30 juin 2026

Active
Sophie BUYSSE

Director · since 15 juin 2023 · until 30 juin 2026

Active
Yves de JONGHE d'ARDOYE d'ERP

Director · since 15 juin 2023 · until 30 juin 2025

Active
André Decourrière

Director · since 23 août 2021 · until 30 juin 2025

Active
Anna Theresa Verbeeke

Director · since 23 août 2021 · until 30 juin 2025

Active
Benjamin CADRANEL

Director · since 30 juin 2021 · until 30 juin 2025

Active
Katherine HEID

Director · since 17 décembre 2020 · until 30 juin 2025

Active
Jean-François CATS

Director · since 30 juin 2020 · until 30 juin 2025

Active
Christos DOULKERIDIS

Director · since 13 juin 2019 · until 30 juin 2025

Active

Ended mandates

André Decourrière

Director · since 23 août 2021 · until 30 juin 2024

Ended
Anna Theresa Verbeeke

Director · since 23 août 2021 · until 19 juin 2024

Ended
Anna Theresa Verbeeke

Director · since 23 août 2021 · until 30 juin 2024

Ended
Benjamin CADRANEL

Director · since 30 juin 2021 · until 30 juin 2024

Ended
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Annual accounts

Full financial information

202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date11/09/202520/09/202425/08/202314/11/202210/11/202101/12/2020
General meeting20/06/202519/06/202415/06/202315/06/202216/06/202124/08/2020
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

40 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202420/06/202511/09/2025FrenchPDF
Full model31/12/202420/06/202511/09/2025DutchPDF
Full model31/12/202319/06/202420/09/2024DutchPDF
Full model31/12/202319/06/202420/09/2024FrenchPDF
Full model31/12/202215/06/202325/08/2023FrenchPDF
Full model31/12/202215/06/202325/08/2023DutchPDF
Full model31/12/202115/06/202214/11/2022DutchPDF
Full model31/12/202115/06/202214/11/2022FrenchPDF
Full model31/12/202016/06/202110/11/2021DutchPDF
Full model31/12/202016/06/202110/11/2021FrenchPDF
Full model31/12/201924/08/202001/12/2020FrenchPDF
Full model31/12/201924/08/202001/12/2020DutchPDF
Full modelCorrection31/12/201813/06/201926/07/2019FrenchPDF
Full modelCorrection31/12/201813/06/201926/07/2019DutchPDF
Full model31/12/201827/05/201908/07/2019DutchPDF
Full model31/12/201827/05/201908/07/2019FrenchPDF
Full model31/12/201707/06/201806/07/2018DutchPDF
Full model31/12/201707/06/201806/07/2018FrenchPDF
Full model31/12/201618/05/201716/06/2017DutchPDF
Full model31/12/201618/05/201716/06/2017FrenchPDF
Full model31/12/201502/06/201606/06/2016FrenchPDF
Full model31/12/201502/06/201606/06/2016DutchPDF
Full model31/12/201404/06/201510/06/2015DutchPDF
Full model31/12/201404/06/201510/06/2015FrenchPDF

View all 40 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 12 active · 113 ended

Active mandates

Clair YSEBAERT

Director · since 15 juin 2023 · until 30 juin 2026

Active
Els GOSSE

Director · since 15 juin 2023 · until 30 juin 2026

Active
Erik MAES

Director · since 15 juin 2023 · until 30 juin 2026

Active
Samantha CLOITRE

Director · since 15 juin 2023 · until 30 juin 2026

Active
Sophie BUYSSE

Director · since 15 juin 2023 · until 30 juin 2026

Active
Yves de JONGHE d'ARDOYE d'ERP

Director · since 15 juin 2023 · until 30 juin 2025

Active
André Decourrière

Director · since 23 août 2021 · until 30 juin 2025

Active
Anna Theresa Verbeeke

Director · since 23 août 2021 · until 30 juin 2025

Active
Benjamin CADRANEL

Director · since 30 juin 2021 · until 30 juin 2025

Active
Katherine HEID

Director · since 17 décembre 2020 · until 30 juin 2025

Active
Jean-François CATS

Director · since 30 juin 2020 · until 30 juin 2025

Active
Christos DOULKERIDIS

Director · since 13 juin 2019 · until 30 juin 2025

Active

Ended mandates

André Decourrière

Director · since 23 août 2021 · until 30 juin 2024

Ended
Anna Theresa Verbeeke

Director · since 23 août 2021 · until 19 juin 2024

Ended
Anna Theresa Verbeeke

Director · since 23 août 2021 · until 30 juin 2024

Ended
Benjamin CADRANEL

Director · since 30 juin 2021 · until 30 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/11/2023
    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. 2024
    Annual accounts 20245,4 k €
  2. 2023
    Annual accounts 2023500 €
  3. 2022
    Annual accounts 2022-3 k €
  4. 2021
    Annual accounts 2021-4,6 k €
  5. 2020
    Annual accounts 20202,7 k €
  6. 2019
    Annual accounts 2019-1,5 k €
  7. 2018
    Annual accounts 2018-13,8 k €
  8. 2017
    Annual accounts 201711,2 k €
  9. 2016
    Annual accounts 201626 €
  10. 2015
    Annual accounts 2015-80,5 k €
  11. 2011
    Annual accounts 20117,6 k €
  12. 2010
    Annual accounts 2010276,4 k €
  13. 2009
    Annual accounts 2009-239,4 k €
  14. 2008
    Annual accounts 200872,9 k €
  15. 17/09/2001
    IncorporationNon-profit organization