ACTIVE

Station2Station

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Financial year 2025 · closed on 31/12/2025
Net result
121,1 k €
+433.0% YoY
Gross margin
1 M €
-43.4% YoY
Equity
-30,3 k €
+80.0% YoY
Workforce
16,3 ETP
-41.4% YoY

What does Station2Station do?

Station2Station is a Non-profit organization incorporated in 2005. Its main activity is: Performing arts. Its registered office is in Liège. It employs on average 16,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0878.155.153
Incorporation
23/12/2005
Legal form
Non-profit organization
Registered office
Boulevard de la Sauvenière 118
4000 Liège · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
16,3 ETP
Activities (NACE)
90012Performing arts· main90021Support activities to performing arts90202Creative, arts and entertainment activities90391Creative, arts and entertainment activities92312Gambling and betting activities92313Gambling and betting activities
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin1 M €1,8 M €1,5 M €1,2 M €772,3 k €630 k €850,3 k €821,4 k €808,4 k €939,2 k €
EBITDA157,1 k €20 k €-125,7 k €111,9 k €249,9 k €178,8 k €187 k €134,4 k €2,9 k €-18,5 k €
Operating result140 k €-14,8 k €-167,2 k €76,5 k €219,4 k €149 k €154 k €98,8 k €-42,3 k €-61,8 k €
Net result121,1 k €-36,4 k €-189,7 k €54,6 k €201 k €134 k €132,1 k €77,4 k €-92,3 k €–
Balance sheet
Equity-30,3 k €-151,4 k €-115 k €74,7 k €20,1 k €-180,9 k €-314,9 k €-447,1 k €-524,5 k €-432,2 k €
Total assets404,5 k €381,7 k €415,4 k €627,3 k €552,7 k €366,7 k €359,5 k €407,5 k €773,7 k €757,7 k €
Cash223,9 k €157,4 k €199,5 k €99 k €235,3 k €64,1 k €67,7 k €118,9 k €42,6 k €138,8 k €
Debts277,3 k €450,6 k €507,7 k €518 k €295,9 k €363,4 k €562,3 k €749,2 k €1,2 M €1,1 M €
Other
Workforce16,3 ETP27,8 ETP20,9 ETP13,0 ETP10,2 ETP10,0 ETP9,5 ETP9,9 ETP12,1 ETP15,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active

Active mandates

Gwenael Hanquet

Director · since 15 juillet 2018

Active
Gabriel Habib

Director · since 25 avril 2018

Active
Angela Kvasz

Director · since 13 mai 2010

Active
Fabrice Lamproye

Managing director · since 13 mai 2010

Active
Gaëtan Servais

Chairman of the board of directors · since 13 mai 2010

Active
At this address

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Annual accounts

Full financial information

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 date29/04/202623/04/202526/06/202421/06/202308/06/202229/06/2021
General meeting22/04/202602/04/202519/06/202415/06/202324/05/202228/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/04/202629/04/2026FrenchPDF
Abridged model31/12/202402/04/202523/04/2025FrenchPDF
Abridged model31/12/202319/06/202426/06/2024FrenchPDF
Abridged model31/12/202215/06/202321/06/2023FrenchPDF
Abridged model31/12/202124/05/202208/06/2022FrenchPDF
Abridged model31/12/202028/06/202129/06/2021FrenchPDF
Abridged model31/12/201917/06/202003/07/2020FrenchPDF
Abridged model31/12/201825/06/201912/07/2019FrenchPDF
Abridged model31/12/201728/05/201804/07/2018FrenchPDF
Abridged model31/12/201626/05/201711/09/2017FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active

Active mandates

Gwenael Hanquet

Director · since 15 juillet 2018

Active
Gabriel Habib

Director · since 25 avril 2018

Active
Angela Kvasz

Director · since 13 mai 2010

Active
Fabrice Lamproye

Managing director · since 13 mai 2010

Active
Gaëtan Servais

Chairman of the board of directors · since 13 mai 2010

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/02/2025
    DENOMINATION
    PDF
  • Other05/09/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE
    PDF
  • Registered office07/02/2023
    SIEGE SOCIAL
    PDF
  • Mandates07/08/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/06/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/12/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Other07/05/2010
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates16/06/2008
    SIEGE SOCIAL - 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. 2025
    Annual accounts 2025121,1 k €↑
  2. 2024
    Annual accounts 2024-36,4 k €↑
  3. 2024
    Name changeStation2Station
  4. 2023
    Annual accounts 2023-189,7 k €↓
  5. 2022
    Annual accounts 202254,6 k €↓
  6. 2021
    Annual accounts 2021201 k €↑
  7. 2021
    Name changeFESTIV@LIEGE
  8. 2020
    Annual accounts 2020134 k €↑
  9. 2019
    Annual accounts 2019132,1 k €↑
  10. 2018
    Annual accounts 201877,4 k €↑
  11. 2017
    Annual accounts 2017-92,3 k €
  12. 2016
    Annual accounts 2016
  13. 23/12/2005
    IncorporationNon-profit organization