LIEGE AIRPORT BUSINESS PARK
0824.466.247 · rovalta.com · 27/09/2026
ACTIVE
LIEGE AIRPORT BUSINESS PARK
Financial year 2025 · Closed on 31/12/2025
Net result3,6 M €-9,5 %over 1 year
Revenue17,5 M €+5,7 %over 1 year
Equity22,7 M €+10,6 %over 1 year
Workforce8,1 ETP-44,5 %over 1 year
Overview
Identity
Source · BCE/KBOLIEGE AIRPORT BUSINESS PARK is a Public limited company incorporated in 2010. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Grâce-Hollogne. It employs on average 8,1 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0824.466.247
- Incorporation
- 30/03/2010
- Legal form
- Public limited company
- Registered office
- Aéroport de Liège 50
4460 Grâce-Hollogne · WallonieSee on map - Contributed capital
- 12 818 055,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 8,1 ETP
Activities (NACE)
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHigh revenue
Financials
Source · NBB, 16 filingsTrend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 17,5 M € | +5.7% | 16,6 M € | +9.6% | 15,1 M € | +14.2% | 13,2 M € | +12.4% | 11,8 M € |
| EBITDA | 9,2 M € | -2.2% | 9,4 M € | +16.6% | 8,1 M € | +4.1% | 7,7 M € | +17.7% | 6,6 M € |
| Operating result | 5,6 M € | -5.3% | 6 M € | +19.3% | 5 M € | +11.9% | 4,5 M € | +20.5% | 3,7 M € |
| Net result | 3,6 M € | -9.5% | 4 M € | +37.5% | 2,9 M € | +16.3% | 2,5 M € | +15.2% | 2,2 M € |
| Balance sheet | |||||||||
| Equity | 22,7 M € | +10.6% | 20,5 M € | +13.3% | 18,1 M € | +10.7% | 16,4 M € | +10.1% | 14,9 M € |
| Total assets | 82,3 M € | +4.1% | 79,1 M € | -5.9% | 84 M € | +1.1% | 83,1 M € | +2.1% | 81,4 M € |
| Cash | 2,7 M € | +5.3% | 2,5 M € | -39.7% | 4,2 M € | +32.9% | 3,2 M € | -37.9% | 5,1 M € |
| Debts | 59 M € | +1.9% | 57,9 M € | -11.1% | 65,1 M € | -0.9% | 65,7 M € | +0.1% | 65,6 M € |
| Other | |||||||||
| Workforce | 8,1 ETP | -44.5% | 14,6 ETP | +24.8% | 11,7 ETP | -1.7% | 11,9 ETP | -5.6% | 12,6 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202512 active · 112 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Edouard MARCUS | Director | 14/11/2025 → 03/05/2030 | 000 |
Fabian Marcq | Director | 14/11/2025 → 03/05/2030 | 000 |
Frédéric Macron | Director | 14/11/2025 → 03/05/2030 | 00 |
Marc RENOUPREZ | Director | 14/11/2025 → 03/05/2030 | 0 |
| Director | 14/11/2025 → 03/05/2030 | ||
| Vice-chairman of the board of directors | 14/11/2025 → 03/05/2030 | ||
Stephane BURTON | Chairman of the board of directors | 14/11/2025 → 03/05/2030 | 00 |
Stéphanie Fellen | Director | 14/11/2025 → 03/05/2030 | |
Luc GILLARD | Director | 03/07/2020 → 14/11/2025 | 0 |
Marc RENOUPREZ | Chairman of the board of directors | 03/07/2020 → 14/11/2025 | 0 |
Michel KEMPENEERS | Director | 03/07/2020 → 14/11/2025 | 000 |
Stephane BURTON | Director | 03/07/2020 → 14/11/2025 | 00 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Edouard MARCUS | Director | 16/04/2024 → 02/05/2025 | 000 |
Frédéric Macron | Director | 26/02/2024 → 02/05/2025 | 00 |
| Director | 09/07/2020 → 02/05/2025 | ||
Luc GILLARD | Director | 03/07/2020 → 02/05/2025 | 0 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 23/05/2025 | 27/05/2024 | 26/05/2023 | 13/06/2022 | 03/06/2021 |
| General meeting | 04/05/2026 | 02/05/2025 | 03/05/2024 | 05/05/2023 | 06/05/2022 | 07/05/2021 |
| 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 · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 16 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 04/05/2026 | 01/06/2026 | French | |
| Full model | 31/12/2024 | 02/05/2025 | 23/05/2025 | French | |
| Full model | 31/12/2023 | 03/05/2024 | 27/05/2024 | French | |
| Full model | 31/12/2022 | 05/05/2023 | 26/05/2023 | French | |
| Full model | 31/12/2021 | 06/05/2022 | 13/06/2022 | French | |
| Full model | 31/12/2020 | 07/05/2021 | 03/06/2021 | French | |
| Full model | 31/12/2019 | 29/05/2020 | 25/06/2020 | French | |
| Full model | 31/12/2018 | 03/05/2019 | 18/06/2019 | French | |
| Full model | 31/12/2017 | 04/05/2018 | 06/06/2018 | French | |
| Full model | 31/12/2016 | 05/05/2017 | 01/06/2017 | French | |
| Full model | 31/12/2015 | 09/05/2016 | 03/06/2016 | French | |
| Full model | 31/12/2014 | 04/05/2015 | 03/06/2015 | French | |
| Full model | 31/12/2013 | 02/05/2014 | 20/06/2014 | French | |
| Full model | 31/12/2012 | 03/05/2013 | 21/06/2013 | French | |
| Full model | 31/12/2011 | 04/05/2012 | 19/06/2012 | French | |
| Full model | 31/12/2010 | 06/05/2011 | 26/05/2011 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202512 active · 112 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Edouard MARCUS | Director | 14/11/2025 → 03/05/2030 | 000 |
Fabian Marcq | Director | 14/11/2025 → 03/05/2030 | 000 |
Frédéric Macron | Director | 14/11/2025 → 03/05/2030 | 00 |
Marc RENOUPREZ | Director | 14/11/2025 → 03/05/2030 | 0 |
| Director | 14/11/2025 → 03/05/2030 | ||
| Vice-chairman of the board of directors | 14/11/2025 → 03/05/2030 | ||
Stephane BURTON | Chairman of the board of directors | 14/11/2025 → 03/05/2030 | 00 |
Stéphanie Fellen | Director | 14/11/2025 → 03/05/2030 | |
Luc GILLARD | Director | 03/07/2020 → 14/11/2025 | 0 |
Marc RENOUPREZ | Chairman of the board of directors | 03/07/2020 → 14/11/2025 | 0 |
Michel KEMPENEERS | Director | 03/07/2020 → 14/11/2025 | 000 |
Stephane BURTON | Director | 03/07/2020 → 14/11/2025 | 00 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Edouard MARCUS | Director | 16/04/2024 → 02/05/2025 | 000 |
Frédéric Macron | Director | 26/02/2024 → 02/05/2025 | 00 |
| Director | 09/07/2020 → 02/05/2025 | ||
Luc GILLARD | Director | 03/07/2020 → 02/05/2025 | 0 |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates03/06/2026DEMISSIONS, NOMINATIONS
- Mandates02/01/2026DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates17/06/2024DEMISSIONS, NOMINATIONS
- Mandates10/04/2024DEMISSIONS, NOMINATIONS
- Mandates28/02/2024DEMISSIONS, NOMINATIONS
- Mandates24/08/2022DEMISSIONS, NOMINATIONS
- Mandates08/07/2022DEMISSIONS, NOMINATIONS
- Mandates27/01/2022DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20253,6 M €↓
- 14/11/2025nominationStéphane BURTON · administrateur
- 14/11/2025nominationStéphanie FELLEN · administrateur
- 14/11/2025nominationFrédéric MACRON · administrateur
- 14/11/2025nominationFabian MARCQ · administrateur
- 14/11/2025nominationEdouard MARCUS · administrateur
- 14/11/2025nominationMarc RENOUPREZ · administrateur
- 2024Annual accounts 20244 M €↑
- 03/05/2024nominationThierry LEJUSTE · Commissaire
- 16/04/2024nominationEdouard Marcus · administrateur de classe A
- 26/02/2024nominationFrédéric Macron · administrateur de classe A
- 2023Annual accounts 20232,9 M €↑
- 02/10/2023nominationThomas Chevau · membre de classe B du Comité exécutif
- 2022Annual accounts 20222,5 M €↑
- 17/06/2022nominationGeoffroy Magnan · membre du Comité Exécutif
- 01/05/2022nominationLaurent JOSSART · Directeur général
- 2021Annual accounts 20212,2 M €↑
- 2020Annual accounts 20201,3 M €↑
- 2019Annual accounts 20191,3 M €↓
- 2018Annual accounts 20181,4 M €↑
- 2017Annual accounts 2017523,3 k €↑
- 2016Annual accounts 2016-177,4 k €↑
- 2015Annual accounts 2015-581,1 k €↓
- 2014Annual accounts 2014-465,6 k €↑
- 2013Annual accounts 2013-1,1 M €↓
- 2012Annual accounts 2012-616,8 k €↓
- 2011Annual accounts 2011-385,8 k €
- 30/03/2010IncorporationPublic limited company
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Aéroport de Liège 50, 4460 Grâce-HollogneCurrent | CBE, tracked since 27/09/2026 | CBE |
| Aéroport de Liège, bâtiment 50, 4460 Grâce-Hollogne | accounts 2021 → 2025 | Accounts 2025 · 2026-00133231 |
Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.