Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FOYER DU SUD from Vorst, company number BE0403357771, closed financial year 2025 with a result of € 156,462 after tax. For that financial year FOYER DU SUD recorded revenue of € 16.6 million and equity of € 51.6 million. Compared with financial year 2024, the result moved from € 363,226 to € 156,462. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 51.6 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 156,462
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 5 million
▲ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -3.7 million.
People and assets in 2025
102.9
▲ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.5 million
▲ 3% vs 2024
€ 73,300 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.
€ 17.1 million
▼ 5% vs 2024
Of which on lease € 17 million.
Debts at end 2025
€ 134.4 million
▲ 1% vs 2024
€ 4.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 23 years.
€ 4.6 million
▲ 157% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 300 days on average.
€ 1.1 million
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,832,042 | € 13,157,800 | € 14,906,180 | € 16,580,167 | ▲ 11% |
| Profit after taxes | € 1,372,110 | € -778,617 | € 363,226 | € 156,462 | ▼ 57% |
| Equity | € 43,327,017 | € 50,027,487 | € 50,644,066 | € 51,573,104 | ▲ 2% |
| Total debts | € 126,559,846 | € 134,610,654 | € 136,181,874 | € 141,094,252 | ▲ 4% |
| Cash | € 3,215,034 | € 3,382,617 | € 4,452,648 | € 5,045,622 | ▲ 13% |
| Land & buildings | € 118,046,443 | € 131,213,784 | € 139,368,517 | € 144,391,386 | ▲ 4% |
| Retained profit | € -3,483,317 | € -4,261,934 | € -3,898,708 | € -3,742,246 | ▲ € 156,462 |
| Bank debt | € 122,768,320 | € 129,019,723 | € 132,484,306 | € 134,368,902 | ▲ 1% |
| Balance sheet total | € 173,229,391 | € 188,404,003 | € 190,737,427 | € 196,612,795 | ▲ 3% |
| Employees (FTE) | 92.6 | 97.8 | 100.7 | 102.9 | ▲ 2.2 |
Key figures of FOYER DU SUD, 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 FOYER DU SUD?
What happened at FOYER DU SUD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Zinnedine WAKRIM stepped down as director. NBB
- Rabab KHAIRY stepped down as director. NBB
- Simon DE BEER stepped down as director. NBB
- Vivien HENRY DE FRAHAN stepped down as director. NBB
- Matthieu TIHON stepped down as director. NBB
- Catherine FRANCOIS stepped down as director. NBB
- Samira BENALLAL stepped down as director. NBB
- Pavel YANCHEV stepped down as director. NBB
In short
From € 1.4 million profit in 2022 to € 156,462 profit in 2025.
Paid € 3,415 in corporate taxes since 2022.
Best year ever: 2022, with € 1.4 million profit.
Management
Directors
According to the 2025 annual accounts
Zinnedine WAKRIM
Director
since 2025 · until 2031
since 2025 · until 2031
Simon DE BEER
Director
since 2025 · until 2031
Vivien HENRY DE FRAHAN
Director
since 2025 · until 2031
Matthieu TIHON
Vice-chairman of the board, Chairman of the board
Also active at: Alliance Bruxelloise Coopérative
since 2025 · until 2031
Catherine FRANCOIS
Director
Also active at: S.O.S. Viol, Mission Locale pour l'emploi de Saint-Gilles, INSTITUT DECROLY
since 2025 · until 2031
Samira BENALLAL
Chairman of the board, Vice-chairman of the board
since 2025 · until 2031
Pavel YANCHEV
Director
since 2025 · until 2031
Myriem AMRANI
Director
since 2025 · until 2031
since 2025 · until 2031
Michel VANDERMERGEL
Director
since 2025 · until 2031
Jessica FARACI
Director
since 2025 · until 2031
Philippe DUTRIEU
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Luttrebruglaan 68
1190 Vorst
Toinonsquare 1
1190 Vorst
Active since 1 September 2014
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
OVH, FR
Website info
Features
Security
Details
- Company number
- 0403.357.771
- VAT number
- BE 0403.357.771
- Registered office
- Luttrebruglaan 68, 1190 Vorst
- Names & denominations
- FOYER DU SUD
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 11 July 1921
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van sociale woningen
Verhuur van sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen