ACTIVE

ASSOCIATION OF ISSUING BODIES

Financial year 2025 · Closed on 31/12/2025

Net result56,5 k €-89,4 %over 1 year
Gross margin655,6 k €-33,7 %over 1 year
Equity2,3 M €+2,6 %over 1 year
Workforce2,3 ETP+53,3 %over 1 year

Identity

Source · BCE/KBO

ASSOCIATION OF ISSUING BODIES is a International non-profit organization incorporated in 2004. Its main activity is: Activities of other membership organisations n.e.c.. Its registered office is in Bruxelles. It employs on average 2,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0864.645.330
Incorporation
19/03/2004
Legal form
International non-profit organization
Registered office
Rue des Colonies 11
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
2,3 ETP
Joint committees (1)
  • 337
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 13 filings

Trend over 7 financial years

20252024202320222021
Income statement
Gross margin655,6 k €989,2 k €431,6 k €595,2 k €461,8 k €
EBITDA467,4 k €861,3 k €386,6 k €595,2 k €461,8 k €
Operating result62,1 k €534,3 k €120,5 k €506,4 k €376,9 k €
Net result56,5 k €534,1 k €120,1 k €501,8 k €373,4 k €
Balance sheet
Equity2,3 M €2,2 M €1,7 M €1,5 M €1 M €
Total assets2,6 M €2,3 M €1,8 M €1,8 M €1,4 M €
Cash1,6 M €1,1 M €1,1 M €1,2 M €803,3 k €
Debts377,2 k €109,2 k €109,1 k €132,3 k €82,4 k €
Other
Workforce2,3 ETP1,5 ETP0,6 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

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

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 19 ended

Active mandates

Ann-Christin Austang

Chairman of the board of directors · since 26 novembre 2025 · until 25 novembre 2028

Active
Elke Mohrbach

Director · since 26 novembre 2025 · until 25 novembre 2028

Active
Maria Koulouvari

Director · since 26 novembre 2025 · until 25 novembre 2028

Active
Peter Vedres

Vice-chairman of the board of directors · since 26 novembre 2025 · until 25 novembre 2028

Active
Miguel Jerónimo

Director · since 22 mai 2025 · until 21 mai 2028

Active
River Tomera

Director · since 12 mai 2023 · until 12 mai 2026

Active
LIESBETH SWITTEN

Secretaris generaal · 0737.340.847

Represented by Liesbeth Switten

Active

Ended mandates

Ann-Christin Austang

Vice-chairman of the board of directors · since 12 mai 2023 · until 12 mai 2026

Ended
Aigars Silis

Director · since 02 décembre 2022 · until 01 décembre 2025

Ended
Elke Mohrbach

Director · since 02 décembre 2022 · until 01 décembre 2025

Ended
Ilona Bruens

Penningmeester · since 02 décembre 2022 · until 01 décembre 2025

Ended

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Full financial information

Source · NBB
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 date22/05/202624/06/202521/06/202407/06/202324/05/202207/07/2021
General meeting20/05/202622/05/202530/05/202412/05/202320/05/202207/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/05/202622/05/2026DutchPDF
Abridged model31/12/202422/05/202524/06/2025DutchPDF
Abridged model31/12/202330/05/202421/06/2024DutchPDF
Abridged model31/12/202212/05/202307/06/2023DutchPDF
Abridged model31/12/202120/05/202224/05/2022DutchPDF
Abridged model31/12/202007/05/202107/07/2021DutchPDF
Abridged model31/12/201919/06/202021/09/2020DutchPDF
m140-f-p31/12/201814/06/201927/07/2019DutchPDF
m140-f-p31/12/201708/06/201824/08/2018DutchPDF
m140-f-p31/12/201609/06/201712/09/2017DutchPDF
m140-f-p31/12/201504/03/201620/07/2016DutchPDF
m140-f-p31/12/201406/03/201528/11/2016DutchPDF
m140-f-p31/12/201313/03/201428/11/2016DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 19 ended

Active mandates

Ann-Christin Austang

Chairman of the board of directors · since 26 novembre 2025 · until 25 novembre 2028

Active
Elke Mohrbach

Director · since 26 novembre 2025 · until 25 novembre 2028

Active
Maria Koulouvari

Director · since 26 novembre 2025 · until 25 novembre 2028

Active
Peter Vedres

Vice-chairman of the board of directors · since 26 novembre 2025 · until 25 novembre 2028

Active
Miguel Jerónimo

Director · since 22 mai 2025 · until 21 mai 2028

Active
River Tomera

Director · since 12 mai 2023 · until 12 mai 2026

Active
LIESBETH SWITTEN

Secretaris generaal · 0737.340.847

Represented by Liesbeth Switten

Active

Ended mandates

Ann-Christin Austang

Vice-chairman of the board of directors · since 12 mai 2023 · until 12 mai 2026

Ended
Aigars Silis

Director · since 02 décembre 2022 · until 01 décembre 2025

Ended
Elke Mohrbach

Director · since 02 décembre 2022 · until 01 décembre 2025

Ended
Ilona Bruens

Penningmeester · since 02 décembre 2022 · until 01 décembre 2025

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/08/2026
    Ontslagen, benoemingen
    PDF
  • Mandates05/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/08/2025
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other20/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/06/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/02/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202556,5 k €↓
  2. 2024
    Annual accounts 2024534,1 k €↑
  3. 2023
    Annual accounts 2023120,1 k €↓
  4. 2022
    Annual accounts 2022501,8 k €↑
  5. 2021
    Annual accounts 2021373,4 k €↑
  6. 2020
    Annual accounts 2020265,6 k €↑
  7. 2019
    Annual accounts 2019130,8 k €
  8. 19/03/2004
    IncorporationInternational non-profit organization