ACTIVE

Atelier CHORA

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Financial year 2025 · closed on 31/12/2025

Net result

201,7 k €

-60.1% YoY

Gross margin

334,1 k €

-54.2% YoY

Equity

1,2 M €

+20.3% YoY

Workforce

0,8 ETP

What does Atelier CHORA do?

Atelier CHORA is a Private limited company incorporated in 2007. Its main activity is: Architectural activities. Its registered office is in Liège. It employs on average 0,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.284.617

Incorporation

08/05/2007

Legal form

Private limited company

Registered office

Thier-des-Critchions 18
4032 Liège · WallonieSee on map

Contributed capital

6 300,00 €

Latest accounts

31/12/2025

Average workforce

0,8 ETP

Activities (NACE)

71111Architectural activities· main 71111Architectural activities 74201Photographic activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	334,1 k €	-54.2%	730 k €	+45.5%	501,7 k €	+219%	157,4 k €	-18.0%	192,1 k €	-20.3%	240,8 k €	+177%	87 k €	+153%	34,4 k €	+107%	16,6 k €	-29.1%	23,4 k €	+39.7%	16,8 k €	+33.2%	12,6 k €	-10.2%	14 k €	+461%	-3,9 k €	-125%	15,6 k €	-22.2%	20 k €	-5.3%	21,2 k €	-47.7%	40,4 k €	+180%	14,4 k €
EBITDA	299,4 k €	-58.6%	723,8 k €	+45.9%	496 k €	+218%	155,7 k €	-17.5%	188,8 k €	-21.0%	239,1 k €	+190%	82,4 k €	+151%	32,8 k €	+113%	15,4 k €	-17.5%	18,7 k €	+37.0%	13,6 k €	+34.3%	10,2 k €	-21.9%	13 k €	+414%	-4,1 k €	-127%	15,2 k €	-22.2%	19,6 k €	-0.8%	19,7 k €	-50.0%	39,4 k €	+179%	14,1 k €
Operating result	281 k €	-60.0%	703 k €	+50.9%	465,9 k €	+250%	133 k €	-22.4%	171,3 k €	-23.7%	224,5 k €	+229%	68,3 k €	+190%	23,6 k €	+257%	6,6 k €	-5.5%	7 k €	+255%	2 k €	+217%	-1,7 k €	-137%	4,6 k €	+145%	-10 k €	-222%	8,2 k €	-38.2%	13,3 k €	-11.3%	15 k €	-58.3%	36 k €	+165%	13,6 k €
Net result	201,7 k €	-60.1%	505,4 k €	+53.0%	330,3 k €	+220%	103,2 k €	-19.0%	127,4 k €	-23.0%	165,4 k €	+179%	59,3 k €	+268%	16,1 k €	+447%	2,9 k €	-6.0%	3,1 k €	+160%	-5,2 k €	+42.2%	-9 k €	-583%	-1,3 k €	+89.6%	-12,6 k €	-662%	2,2 k €	-65.3%	6,5 k €	-22.9%	8,4 k €	-60.2%	21,1 k €	+108%	10,1 k €
Balance sheet
Equity	1,2 M €	+20.3%	994,6 k €	+84.4%	539,2 k €	+93.3%	279 k €	+18.3%	235,8 k €	+13.2%	208,4 k €	+124%	93 k €	+113%	43,7 k €	+34.1%	32,6 k €	+9.9%	29,6 k €	+11.8%	26,5 k €	-16.4%	31,7 k €	-22.1%	40,7 k €	-3.1%	42 k €	-23.1%	54,7 k €	+4.3%	52,4 k €	+14.1%	45,9 k €	+22.4%	37,5 k €	+129%	16,4 k €
Total assets	1,5 M €	+5.4%	1,4 M €	+72.8%	815,5 k €	+47.0%	554,8 k €	+6.1%	523 k €	+21.5%	430,4 k €	+52.0%	283,2 k €	+127%	124,9 k €	+109%	59,7 k €	-53.0%	127 k €	-2.9%	130,8 k €	+37.2%	95,3 k €	+25.3%	76,1 k €	-3.8%	79,1 k €	+5.4%	75 k €	-17.2%	90,6 k €	-19.0%	111,9 k €	+6.3%	105,3 k €	+99.5%	52,8 k €
Cash	815,3 k €	-11.4%	920 k €	+78.6%	515 k €	+329%	120 k €	-66.2%	355,5 k €	+154%	140 k €	+250%	40 k €	-42.9%	70 k €	+1514%	4,3 k €	-83.6%	26,5 k €	-56.9%	61,4 k €		–		–		–		7,9 k €	-3.9%	8,2 k €	-85.8%	57,8 k €	+278%	15,3 k €	-38.7%	25 k €
Debts	289,5 k €	-30.2%	414,6 k €	+50.1%	276,2 k €	+0.2%	275,8 k €	-4.0%	287,2 k €	+29.3%	222 k €	+16.7%	190,3 k €	+134%	81,2 k €	+199%	27,1 k €	-72.2%	97,4 k €	-6.7%	104,3 k €	+63.9%	63,6 k €	+80.0%	35,4 k €	-4.6%	37,1 k €	+82.0%	20,4 k €	-46.7%	38,2 k €	-42.1%	66 k €	-2.6%	67,8 k €	+86.3%	36,4 k €
Other
Workforce	0,8 ETP		–		–		–		–		–		–		–		–		0,2 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

EMERIC MARCHAL

Manager

Active

Ended mandates

ERIC FURNEMONT

Manager · until 31 décembre 2010

Ended

ERIC FURNEMONT

Manager

Ended

MARIE MARTINUS

Manager

Ended

MARIE MARTINUS

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
RGZ Solutions● Active	1025.827.161

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	30/06/2026	26/05/2025	28/06/2024	29/06/2023	17/06/2022	31/05/2021
General meeting	05/06/2026	24/05/2025	22/06/2024	27/06/2023	31/05/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	24/05/2025	26/05/2025	French	PDF
Abridged model	31/12/2023	22/06/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	29/06/2023	French	PDF
Abridged model	31/12/2021	31/05/2022	17/06/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	31/05/2021	French	PDF
Abridged model	31/12/2019	31/05/2020	18/06/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	13/06/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	25/06/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	16/06/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	09/06/2016	French	PDF
Abridged model	31/12/2014	25/05/2015	03/06/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	30/05/2014	French	PDF
Abridged model	31/12/2012	29/05/2013	30/05/2013	French	PDF
Abridged model	31/12/2011	30/05/2012	27/06/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	08/06/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	16/06/2010	French	PDF
Abridged model	31/12/2008	14/05/2009	26/05/2009	French	PDF
Abridged model	31/12/2007	03/05/2008	07/05/2008	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

EMERIC MARCHAL

Manager

Active

Ended mandates

ERIC FURNEMONT

Manager · until 31 décembre 2010

Ended

ERIC FURNEMONT

Manager

Ended

MARIE MARTINUS

Manager

Ended

MARIE MARTINUS

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office06/06/2025
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates14/07/2023
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Registered office02/02/2018
SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Mandates11/05/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates14/02/2012
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/05/2011
CAPITAL, ACTIONS
PDF
Registered office03/06/2008
SIEGE SOCIAL
PDF
Other16/05/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025201,7 k €↓
2024
Annual accounts 2024505,4 k €↑
2023
Annual accounts 2023330,3 k €↑
2023
Name changeAtelier CHORA
2022
Annual accounts 2022103,2 k €↓
2021
Annual accounts 2021127,4 k €↓
2020
Annual accounts 2020165,4 k €↑
2019
Annual accounts 201959,3 k €↑
2018
Annual accounts 201816,1 k €↑
2017
Annual accounts 20172,9 k €↓
2016
Annual accounts 20163,1 k €↑
2015
Annual accounts 2015-5,2 k €↑
2014
Annual accounts 2014-9 k €↓
2013
Annual accounts 2013-1,3 k €↑
2012
Annual accounts 2012-12,6 k €↓
2011
Annual accounts 20112,2 k €↓
2010
Annual accounts 20106,5 k €↓
2009
Annual accounts 20098,4 k €↓
2008
Annual accounts 200821,1 k €↑
2007
Annual accounts 200710,1 k €
08/05/2007
IncorporationPrivate limited company
2007
Name changeAtelier CHORA, société civile d'architectes

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

Atelier CHORA

Overview

What does Atelier CHORA do?

Trend over 19 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