ACTIVE

WIELS CENTRE D'ARTS CONTEMPORAINS - CENTRUM VOOR HEDENDAAGSE KUNST

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Financial year 2025 · closed on 31/12/2025

Net result

-290,8 k €

-276.4% YoY

Gross margin

1,6 M €

-18.5% YoY

Equity

-463,3 k €

-697.0% YoY

Workforce

21,8 ETP

-5.2% YoY

What does WIELS CENTRE D'ARTS CONTEMPORAINS - CENTRUM VOOR HEDENDAAGSE KUNST do?

WIELS CENTRE D'ARTS CONTEMPORAINS - CENTRUM VOOR HEDENDAAGSE KUNST is a Non-profit organization incorporated in 2002. Its registered office is in Forest. It employs on average 21,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.422.608

Incorporation

08/07/2002

Legal form

Non-profit organization

Registered office

Avenue Van Volxem 354
1190 Forest · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

21,8 ETP

Joint committees (1)

32902

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,6 M €	-18.5%	2 M €	-5.3%	2,1 M €	+36.6%	1,5 M €	-19.8%	1,9 M €	+3.5%	1,8 M €	+14.9%	1,6 M €	+1.2%	1,6 M €	+5.6%	1,5 M €	-9.9%	1,7 M €	+27.2%	1,3 M €	-9.0%	1,4 M €	+1.6%	1,4 M €	+20.7%	1,2 M €	-27.4%	1,6 M €	+27.5%	1,3 M €	-9.1%	1,4 M €
EBITDA	317,8 k €	-47.0%	600 k €	-23.9%	788,3 k €	+101%	392,2 k €	-52.6%	826,8 k €	-4.2%	862,9 k €	+42.2%	606,8 k €	-0.4%	609,1 k €	+15.2%	528,7 k €	-25.1%	706,1 k €	+86.6%	378,3 k €	-33.9%	572,3 k €	-11.4%	645,6 k €	+66.1%	388,8 k €	-59.9%	969,9 k €	+55.5%	623,6 k €	-31.2%	906,8 k €
Operating result	-255 k €	-655%	-33,8 k €	-118%	185,1 k €	+201%	-183,9 k €	-177%	239,9 k €	+5.7%	227 k €	+6239%	3,6 k €	-90.7%	38,4 k €	+157%	-67,7 k €	-160%	112,4 k €	+155%	-205,9 k €	-723%	-25 k €	-156%	44,7 k €	+117%	-260 k €	-201%	256,2 k €	+262%	-158,6 k €	-243%	111,2 k €
Net result	-290,8 k €	-276%	-77,2 k €	-151%	150,2 k €	+171%	-211,7 k €	-203%	205,4 k €	+8.8%	188,8 k €	+836%	-25,6 k €	-702%	-3,2 k €	+97.0%	-107,2 k €	-252%	70,7 k €	+127%	-264,6 k €	-220%	-82,6 k €	-734%	-9,9 k €	+96.9%	-318,8 k €	-116%	2 M €	+1134%	-196,3 k €	-118%	-90,1 k €
Balance sheet
Equity	-463,3 k €	-697%	77,6 k €	-85.3%	529,5 k €	-29.8%	753,7 k €	-43.7%	1,3 M €	-11.2%	1,5 M €	-11.0%	1,7 M €	-19.1%	2,1 M €	-15.3%	2,5 M €	-16.3%	3 M €	-9.3%	3,3 M €	-16.6%	3,9 M €	-10.8%	4,4 M €	-8.6%	4,8 M €	-13.2%	5,5 M €	+40.0%	3,9 M €	-14.9%	4,6 M €
Total assets	2 M €	-5.1%	2,1 M €	-27.3%	2,9 M €	-13.7%	3,4 M €	-18.6%	4,2 M €	+3.0%	4,1 M €	-10.8%	4,6 M €	-9.6%	5,1 M €	-10.5%	5,6 M €	-6.0%	6 M €	-8.6%	6,6 M €	-11.7%	7,4 M €	-5.3%	7,9 M €	-6.4%	8,4 M €	-11.3%	9,5 M €	-13.3%	10,9 M €	-1.3%	11,1 M €
Cash	365,2 k €	+170%	135,3 k €	-70.5%	458,2 k €	+59.9%	286,5 k €	-40.4%	481,1 k €	+89.5%	253,8 k €	+342%	57,4 k €	-54.2%	125,3 k €	+7.7%	116,3 k €	-12.3%	132,6 k €	+1.8%	130,2 k €	-10.3%	145,2 k €	+29.1%	112,4 k €	-47.7%	214,8 k €	-38.5%	349 k €	+230%	105,6 k €	-16.8%	126,9 k €
Debts	2,2 M €	+17.5%	1,9 M €	-16.6%	2,2 M €	-1.0%	2,3 M €	-7.5%	2,4 M €	+10.9%	2,2 M €	-14.1%	2,6 M €	-5.7%	2,7 M €	-6.3%	2,9 M €	+3.6%	2,8 M €	-7.3%	3 M €	-6.1%	3,2 M €	+2.3%	3,1 M €	-3.8%	3,3 M €	-6.8%	3,5 M €	-40.7%	5,9 M €	+0.3%	5,9 M €
Other
Workforce	21,8 ETP	-5.2%	23,0 ETP	-3.4%	23,8 ETP	+4.4%	22,8 ETP	-3.8%	23,7 ETP	+6.8%	22,2 ETP	+7.8%	20,6 ETP	+9.0%	18,9 ETP	-3.6%	19,6 ETP	-1.0%	19,8 ETP	+2.1%	19,4 ETP	+18.3%	16,4 ETP	+12.3%	14,6 ETP	+2.1%	14,3 ETP	+11.7%	12,8 ETP	-0.8%	12,9 ETP	+10.3%	11,7 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 31/12/2025 · 7 active · 44 ended

Active mandates

MICHEL MOORTGAT

Chairman of the board of directors · since 05 mai 2025 · until 05 mai 2030

Active

PIERRE ISERBYT

Director · since 23 avril 2024 · until 24 avril 2029

Active

SYLVIE BEAUFOUR

Director · since 23 avril 2024 · until 24 avril 2029

Active

MICHEL CIGRANG

Director · since 30 mars 2023 · until 30 mars 2028

Active

PATRICIA VAN THILLO

Director · since 30 mars 2023 · until 30 mars 2028

Active

FREDERIC ROUVEZ

Director · since 29 mars 2022 · until 29 mars 2027

Active

MARTINE EYKERMAN

Director · since 17 mars 2021 · until 11 mai 2026

Active

Ended mandates

PIERRE ISERBYT

Director · since 24 avril 2023 · until 24 avril 2029

Ended

SYLVIE BEAUFOUR

Director · since 24 avril 2023 · until 24 avril 2029

Ended

FREDERIC ROUVEZ

Director · since 29 mars 2022

Ended

MARTINE DE LIMBURG STIRUM

Director · since 17 mars 2021 · until 17 mars 2026

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOCIATION BELGE DES CRITIQUES D'ART● Active	0408.940.023

Annual accounts

Full financial information

	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	01/06/2026	27/06/2025	04/07/2024	18/07/2023	29/08/2022	22/06/2021
General meeting	11/05/2026	05/05/2025	23/04/2024	30/03/2023	29/03/2022	17/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

42 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/05/2026	01/06/2026	Dutch	PDF
Abridged model	31/12/2025	11/05/2026	01/06/2026	French	PDF
Abridged model	31/12/2024	05/05/2025	27/06/2025	French	PDF
Abridged model	31/12/2024	05/05/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	23/04/2024	04/07/2024	French	PDF
Abridged model	31/12/2023	23/04/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/03/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2022	30/03/2023	18/07/2023	French	PDF
Abridged modelCorrection	31/12/2021	29/03/2022	29/08/2022	French	PDF
Abridged model	31/12/2021	29/03/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2021	29/03/2022	05/07/2022	French	PDF
Abridged model	31/12/2020	17/03/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2020	17/03/2021	22/06/2021	French	PDF
Abridged model	31/12/2019	23/03/2020	01/04/2020	Dutch	PDF
Abridged model	31/12/2019	23/03/2020	01/04/2020	French	PDF
Abridged model	31/12/2018	13/05/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2018	13/05/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	16/04/2018	16/05/2018	Dutch	PDF
Abridged model	31/12/2017	16/04/2018	16/05/2018	French	PDF
Abridged model	31/12/2016	18/04/2017	10/05/2017	Dutch	PDF
Abridged model	31/12/2016	18/04/2017	10/05/2017	French	PDF
Abridged model	31/12/2015	17/03/2016	04/04/2016	Dutch	PDF
Abridged model	31/12/2015	17/03/2016	04/04/2016	French	PDF
Abridged model	31/12/2014	26/03/2015	09/04/2015	Dutch	PDF

View all 42 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 31/12/2025 · 7 active · 44 ended

Active mandates

MICHEL MOORTGAT

Chairman of the board of directors · since 05 mai 2025 · until 05 mai 2030

Active

PIERRE ISERBYT

Director · since 23 avril 2024 · until 24 avril 2029

Active

SYLVIE BEAUFOUR

Director · since 23 avril 2024 · until 24 avril 2029

Active

MICHEL CIGRANG

Director · since 30 mars 2023 · until 30 mars 2028

Active

PATRICIA VAN THILLO

Director · since 30 mars 2023 · until 30 mars 2028

Active

FREDERIC ROUVEZ

Director · since 29 mars 2022 · until 29 mars 2027

Active

MARTINE EYKERMAN

Director · since 17 mars 2021 · until 11 mai 2026

Active

Ended mandates

PIERRE ISERBYT

Director · since 24 avril 2023 · until 24 avril 2029

Ended

SYLVIE BEAUFOUR

Director · since 24 avril 2023 · until 24 avril 2029

Ended

FREDERIC ROUVEZ

Director · since 29 mars 2022

Ended

MARTINE DE LIMBURG STIRUM

Director · since 17 mars 2021 · until 17 mars 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2025
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/12/2025
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates11/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2021
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/08/2021
DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2020
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

2025
Annual accounts 2025-290,8 k €↓
2024
Annual accounts 2024-77,2 k €↓
2023
Annual accounts 2023150,2 k €↑
2022
Annual accounts 2022-211,7 k €↓
2022
Name changeWIELS Centrum voor hedendaagse kunst - Centre d'art contemporain
2021
Annual accounts 2021205,4 k €↑
2021
Name changeWIELS CENTRE D'ART CONTEMPORAIN - CENTRUM VOOR HEDENDAAGSE KUNST
2020
Annual accounts 2020188,8 k €↑
2019
Annual accounts 2019-25,6 k €↓
2018
Annual accounts 2018-3,2 k €↑
2017
Annual accounts 2017-107,2 k €↓
2016
Annual accounts 201670,7 k €↑
2015
Annual accounts 2015-264,6 k €↓
2014
Annual accounts 2014-82,6 k €↓
2013
Annual accounts 2013-9,9 k €↑
2012
Annual accounts 2012-318,8 k €↓
2011
Annual accounts 20112 M €↑
2010
Annual accounts 2010-196,3 k €↓
2009
Annual accounts 2009-90,1 k €
08/07/2002
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WIELS CENTRE D'ARTS CONTEMPORAINS - CENTRUM VOOR HEDENDAAGSE KUNST

Overview

What does WIELS CENTRE D'ARTS CONTEMPORAINS - CENTRUM VOOR HEDENDAAGSE KUNST do?

Trend over 17 financial years

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