ACTIVE

Stichting MusiQuE – Music Quality Enhancement : Foundation for Quality Enhancement and Accreditation in Higher Music Education

Financial year 2025 · Closed on 31/12/2025

Net result16,4 k €+155,5 %over 1 year

Revenue258,3 k €+39,9 %over 1 year

Equity82,8 k €+24,7 %over 1 year

Identity

Source · BCE/KBO

Stichting MusiQuE – Music Quality Enhancement : Foundation for Quality Enhancement and Accreditation in Higher Music Education is a Public utility foundation incorporated in 2019. Its main activity is: Other information service activities. Its registered office is in Etterbeek.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0721.747.108
Incorporation: 01/03/2019
Legal form: Public utility foundation
Registered office: Avenue des Celtes 20
1040 Etterbeek · BruxellesSee on map
Latest accounts: 31/12/2025

Activities (NACE)

63920Other information service activities· main 63990Other information service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 7 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	258,3 k €	+39.9%	184,6 k €	-6.0%	196,5 k €	+61.9%	121,3 k €	-28.1%	168,8 k €
EBITDA	18,2 k €	+126%	8,1 k €	-51.8%	16,7 k €	+260%	4,6 k €	-43.4%	8,2 k €
Operating result	18,2 k €	+126%	8,1 k €	+22.1%	6,6 k €	+42.0%	4,6 k €	-43.4%	8,2 k €
Net result	16,4 k €	+155%	6,4 k €	+43.1%	4,5 k €	+43.8%	3,1 k €	-61.0%	8 k €
Balance sheet
Equity	82,8 k €	+24.7%	66,4 k €	+10.7%	60 k €	+8.1%	55,5 k €	+6.0%	52,3 k €
Total assets	230,8 k €	+27.3%	181,4 k €	-21.0%	229,5 k €	+37.0%	167,5 k €	-15.5%	198,2 k €
Cash	112,7 k €	+3.5%	108,9 k €	+2.3%	106,4 k €	+1436%	6,9 k €	-94.7%	129,8 k €
Debts	131,6 k €	+29.1%	101,9 k €	-39.9%	169,6 k €	+51.3%	112,1 k €	-23.2%	145,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 7 ended

Active mandates

Director	Mandates in this company	Period
Ankna AROCKIAM	MandateDirector01/01/2022 → 31/12/2024ended
Gerhard SAMMER	MandateDirector01/01/2022 → 31/12/2024ended
Jacques MOREAU	MandateChairman of the board of directors01/01/2022 → 31/12/2024ended
Lies COLMAN	MandateSecrétaire et Trésoriaire01/01/2022 → 31/12/2024ended
Michaela HAHN	MandateDirector01/01/2022 → 31/12/2024ended
Orla MCDONAGH	MandateDirector01/01/2022 → 31/12/2024ended
Asbjorn Keiding	Mandate

Ended mandates

Director	Mandates in this company	Period
Momchil GEORGIEV	Director01/10/2020 → 30/09/2023
Momchil Lubenov Georgiev	Director01/10/2020 → 30/09/2023
Bernd Eduard Werner Clausen	Director01/01/2020 → 31/12/2022
Gordon James Munro	Director01/01/2019 → 31/12/2021

Other companies at this address

Avenue des Celtes 20 1040 Etterbeek

Company	CBE no.
AIR TO JOULES● Active	0477.125.875
ASSOCIATION EUROPÉENNE DES CONSERVATOIRES, ACADÉMIES DE MUSIQUE ET MUSIKHOCHSCHULEN● Active	0503.980.425
A to Z● Active	0449.952.019
CAP Starmania et Cie● Active	0455.533.477
CAPTIVENTS● Active	0786.250.326
CENTRALE D'ACHATS A L'EXPORTATION ET A L'IMPORTATION● Active	0451.921.020
CIMARD● Active	0460.107.325
CITIPAR● Active	0819.081.361
COMPAGNIE DEUX● Active	0463.258.637
COMPAGNIE REGIONALE MOBILIERE ET IMMOBILIERE● Active	0448.202.455
European Alliance with Indigenous Peoples - Europese Alliantie met Inheemse Volkeren● Active	0453.404.328
EUROPEAN PERFORMING ARTS STUDENTS’ ASSOCIATION● Active	0792.708.942
FEDERATION EUROPEENNE DES VICTIMES DE LA ROUTE● Active	0802.787.242
GENERICA● Active	0438.004.983
GETEC● Active	0412.789.438
INTERCOM-IT● Bankrupt	0834.945.217
Kpler Finance● Active	0795.097.518
PROMO-CHESS● Bankrupt	0432.160.833
Société Belge Prat Daniel● Liquidation	0402.971.454
The European Transport Safety Council● Active	0450.931.620

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	29/08/2026	22/08/2025	30/08/2024	31/08/2023	30/08/2022	02/09/2021
General meeting	21/08/2026	02/07/2025	30/08/2024	31/08/2023	30/08/2022	31/08/2021
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, 7 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/08/2026	29/08/2026	French	PDF
Abridged model	31/12/2024	02/07/2025	22/08/2025	French	PDF
Abridged model	31/12/2023	30/08/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	31/08/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	30/08/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	31/08/2021	02/09/2021	French	PDF
Abridged model	31/12/2019	27/08/2020	08/10/2020	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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

7 active · 7 ended

Active mandates

Director	Mandates in this company	Period
Ankna AROCKIAM	MandateDirector01/01/2022 → 31/12/2024ended
Gerhard SAMMER	MandateDirector01/01/2022 → 31/12/2024ended
Jacques MOREAU	MandateChairman of the board of directors01/01/2022 → 31/12/2024ended
Lies COLMAN	MandateSecrétaire et Trésoriaire01/01/2022 → 31/12/2024ended
Michaela HAHN	MandateDirector01/01/2022 → 31/12/2024ended
Orla MCDONAGH	MandateDirector01/01/2022 → 31/12/2024ended
Asbjorn Keiding	Mandate

Ended mandates

Director	Mandates in this company	Period
Momchil GEORGIEV	Director01/10/2020 → 30/09/2023
Momchil Lubenov Georgiev	Director01/10/2020 → 30/09/2023
Bernd Eduard Werner Clausen	Director01/01/2020 → 31/12/2022
Gordon James Munro	Director01/01/2019 → 31/12/2021

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/09/2026
Renouvellement de mandat - Nomination
PDF
Mandates29/05/2026
Démission - Nomination
PDF
Mandates28/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/05/2022
DEMISSIONS, NOMINATIONS
PDF
Other05/03/2019
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings7 filings

Mandates

Michaela HAHN

Ankna AROCKIAM

Gerhard SAMMER

Jacques MOREAU

Lies COLMAN

Orla MCDONAGH

Momchil Lubenov Georgiev

Momchil GEORGIEV

Bernd Eduard Werner Clausen

Gordon James Munro

Timo Tapani Klemettinen

Rosa Welker

and 1 more mandate

201820192020202120222023202420252026

Stichting MusiQuE – Music Quality Enhancement : Foundation for Quality Enhancement and Accreditation in Higher Music Education

Avenue des Celtes 20, 1040 Etterbeek

Director

Chairman of the board of directors

Secrétaire et Trésoriaire

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Celtes 20, 1040 EtterbeekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00503141

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Stichting MusiQuE – Music Quality Enhancement : Foundation for Quality Enhancement and Accreditation in Higher Music EducationCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00503141

Events

2025
Annual accounts 202516,4 k €↑
2024
Annual accounts 20246,4 k €↑
2023
Annual accounts 20234,5 k €↑
2022
Annual accounts 20223,1 k €↓
2021
Annual accounts 20218 k €↑
2020
Annual accounts 20205,9 k €↑
2019
Annual accounts 2019-5,2 k €
01/03/2019
IncorporationPublic utility foundation

Stichting MusiQuE – Music Quality Enhancement : Foundation for Quality Enhancement and Accreditation in Higher Music Education

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events