Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
LA MAISON LIEGEOISE from Liège, company number BE0402416772, closed financial year 2025 with a result of € -563,139 after tax. For that financial year LA MAISON LIEGEOISE recorded revenue of € 18.9 million and equity of € 102.2 million. Compared with financial year 2024, the result moved from € -859,342 to € -563,139. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 102.2 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -563,139
▲ 34 % less loss than in 2024
Profit after tax over the fiscal year.
€ 18.3 million
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -20.2 million.
People and assets in 2025
74.3
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.4 million
▲ 9% vs 2024
€ 86,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 147,582
▲ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 142.8 million
▼ 3% vs 2024
€ 8.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 2.9 million
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 135 days on average.
€ 660,066
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,803,405 | € 16,308,545 | € 17,375,885 | € 18,908,843 | ▲ 9% |
| Profit after taxes | € -606,451 | € -597,962 | € -859,342 | € -563,139 | ▲ € 296,203 |
| Equity | € 100,811,512 | € 104,155,400 | € 104,089,629 | € 102,241,012 | ▼ 2% |
| Total debts | € 164,276,573 | € 162,702,204 | € 166,914,630 | € 161,643,442 | ▼ 3% |
| Cash | € 12,820,562 | € 16,851,254 | € 16,246,252 | € 18,258,267 | ▲ 12% |
| Land & buildings | € 123,469,439 | € 127,537,736 | € 143,670,404 | € 141,143,983 | ▼ 2% |
| Retained profit | € -18,162,609 | € -18,760,571 | € -19,619,914 | € -20,183,053 | ▼ € 563,139 |
| Bank debt | € 141,467,598 | € 141,915,003 | € 146,986,907 | € 142,800,309 | ▼ 3% |
| Balance sheet total | € 270,505,520 | € 272,843,225 | € 277,694,354 | € 271,612,692 | ▼ 2% |
| Employees (FTE) | 79.4 | 79 | 75.5 | 74.3 | ▼ 1.2 |
Key figures of LA MAISON LIEGEOISE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LA MAISON LIEGEOISE?
What happened at LA MAISON LIEGEOISE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 563,139. Source: NBB ↗
- Elodie Kowalski became a director. NBB
- Celik Duygu became a director. NBB
- Sarah Tshinguta Mussenge became a director. NBB
- Rafik Rassaa became a director. NBB
- Olivier Hamal became a director. NBB
- Marc Berger became a director. NBB
- Maxime Bourlet became a director. NBB
In short
From € 606,451 loss in 2022 to € 563,139 loss in 2025.
Paid € 4,289 in corporate taxes since 2022.
Pays suppliers within 135 days on average.
Management
Behind LA MAISON LIEGEOISE are Elodie Kowalski, Renaud Stassart, Mehmet Aydogdu, Celik Duygu, Hélène Franssen and Fabrice Dreze. Renaud Stassart is also behind LA REGIE DES QUARTIERS DE LIEGE.
Directors
According to the 2025 annual accounts
Elodie Kowalski
Director
since 2025
since 2025
Mehmet Aydogdu
Director
Celik Duygu
Director
since 2025
Hélène Franssen
Vice-chairman of the board
Fabrice Dreze
Director
Also active at: INTERCOMMUNALE DE SOINS SPECIALISES DE LIEGE, Le Marché Matinal de Liège, LIEGE - GESTION CENTRE - VILLE, FILIALE IMMOBILIERE PUBLIQUE de LIEGE
Sarah Tshinguta Mussenge
Director
since 2025
Hassan Saphar
Director
Rafik Rassaa
Director
since 2025
Olivier Hamal
Director
since 2025
Marc Berger
Director
since 2025
Ludovic Luciani
Director
Giuseppe Maniglia
Chairman of the board
Also active at: Compagnie Intercommunale Liégeoise des Eaux, NEOMANSIO
Laura Goffart
Director
since 2025
Ingrid Bocken
Director
since 2025
(Petry Marcel) Ethias
Director
· until 2025
· until 2025
· until 2025
Thomas Adrian
Director
· until 2025
Mohammed Bougnouch
Director
Also active at: CENTRE HOSPITALIER REGIONAL DE LA CITADELLE, INTERCOMMUNALE DE SOINS SPECIALISES DE LIEGE
· until 2025
David Ambrosio
Director
· until 2025
Adrien Croonen
Director
· until 2025
· until 2025
Mukakwa Beya Mutate
Director
· until 2025
Establishments
Establishment units
Physical locations of this company
Parvis-des-Ecoliers 1
4020 Liège
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0402.416.772
- VAT number
- BE 0402.416.772
- Registered office
- Parvis-des-Ecoliers 1, 4020 Liège
- Names & denominations
- LA MAISON LIEGEOISE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 January 1921
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- maisonliegeoise.be
- Activities · NACE
Verhuur en exploitatie van sociale woningen
Verhuur van sociale woningen
Ontwikkeling van residentiële bouwprojecten