What does Fondation Reine Paola do?

Fondation Reine Paola is filed with the CBE under the catch-all “Overige verenigingen”, a code that says little about what the company actually does. Public Foundation, started on 25 January 1978, 2 establishments.

What is the address of Fondation Reine Paola?

The registered office of Fondation Reine Paola is located at Louizalaan 367, 1050 Elsene.

Is Fondation Reine Paola still active?

Yes. According to the CBE (29 October 2026) Fondation Reine Paola is active, legal situation “Normale toestand”, started on 25 January 1978.

Is Fondation Reine Paola registered on Peppol?

Yes, Fondation Reine Paola is registered on the Peppol network with ID 0208:0418089301.

What is the enterprise number of Fondation Reine Paola?

The enterprise number of Fondation Reine Paola is BE0418089301.

When was Fondation Reine Paola founded?

Fondation Reine Paola was founded on 25 January 1978.

Is Fondation Reine Paola a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 January 1978; 5 annual accounts filed, latest fiscal year 2025; 17 directors known from the annual account; 2 establishments in the CBE.

How much profit did Fondation Reine Paola make in 2025?

Fondation Reine Paola recorded a loss after taxes of € 1,112,601 in financial year 2025.

What is the revenue of Fondation Reine Paola?

In its most recent annual accounts (2025), Fondation Reine Paola reported revenue of € 117,745.

How much does an employee at Fondation Reine Paola earn?

The average wage cost per full-time employee at Fondation Reine Paola was € 103,400 in 2025: staff costs of € 609,980 for 5.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Fondation Reine Paola have?

According to the 2025 annual accounts, Fondation Reine Paola has 5.9 full-time equivalents (FTE).

Fondation Reine Paola (Public Foundation) - Elsene

Q: Who are the directors of Fondation Reine Paola?

According to the 2025 annual accounts, the directors of Fondation Reine Paola are: Christiaan Hoorne, Michel Flohimont, Philippe Deschamps, Jean-Luc Cottyn, Thierry Le Grelle, Vincent Houssiau, Karsten De Clerck, Etienne Denoel.

Dossier Fondation Reine Paola, printed on 29 October 2026 from databakkes.be/en/0418089301/fondation-reine-paola. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Fondation Reine Paola from Elsene, company number BE0418089301, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year Fondation Reine Paola recorded revenue of € 117,745 and equity of € 11.4 million. Compared with financial year 2024, the result moved from € 319,839 to € -1.1 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.

What it is worth Growing

€ 11.4 million

▲ € 10.3 million vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -1.1 million

▼ still € 319,839 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.8 million

▲ 67% vs 2024

Cash and bank balances on the last day of the fiscal year.

People and assets in 2025

Full-time equivalents

5.9

▲ 4.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 609,980

▲ 216% vs 2024

€ 103,400 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.

Vehicles and equipment

€ 12,768

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.1 million

€ 240,000 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 2.8 million

▲ € 2.7 million vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 101,894

▲ € 93,085 vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	-	-	-	€ 117,745 Revenue 2025: € 117,745 First fiscal year in the series
Gross margin	€ 325,832 Gross margin 2022: € 325,832 First fiscal year in the series	€ 280,548 Gross margin 2023: € 280,548 ▼ 14% vs 2022 (€ 325,832) Unfavourable step	€ 769,583 Gross margin 2024: € 769,583 ▲ 174% vs 2023 (€ 280,548) Favourable step	€ 1,843,322 Gross margin 2025: € 1,843,322 ▲ 140% vs 2024 (€ 769,583) Favourable step	▲ 140%
Profit after taxes	€ -468,602 Profit after taxes 2022: € -468,602 First fiscal year in the series	€ -161,520 Profit after taxes 2023: € -161,520 ▲ € 307,082 vs 2022 (€ -468,602) Favourable step	€ 319,839 Profit after taxes 2024: € 319,839 ▲ € 481,359 vs 2023 (€ -161,520) Favourable step	€ -1,112,601 Profit after taxes 2025: € -1,112,601 ▼ € 1.4 million vs 2024 (€ 319,839) Unfavourable step	▼ € 1.4 million
Equity	€ 988,463 Equity 2022: € 988,463 First fiscal year in the series	€ 826,943 Equity 2023: € 826,943 ▼ 16% vs 2022 (€ 988,463) Unfavourable step	€ 1,146,781 Equity 2024: € 1,146,781 ▲ 39% vs 2023 (€ 826,943) Favourable step	€ 11,448,973 Equity 2025: € 11,448,973 ▲ € 10.3 million vs 2024 (€ 1,146,781) Favourable step	▲ € 10.3 million
Total debts	€ 383,202 Total debts 2022: € 383,202 First fiscal year in the series	€ 255,724 Total debts 2023: € 255,724 ▼ 33% vs 2022 (€ 383,202) Favourable step	€ 239,004 Total debts 2024: € 239,004 ▼ 7% vs 2023 (€ 255,724) Favourable step	€ 4,072,264 Total debts 2025: € 4,072,264 ▲ € 3.8 million vs 2024 (€ 239,004) Unfavourable step	▲ € 3.8 million
Cash	€ 235,244 Cash 2022: € 235,244 First fiscal year in the series	€ 260,550 Cash 2023: € 260,550 ▲ 11% vs 2022 (€ 235,244) Favourable step	€ 1,084,818 Cash 2024: € 1,084,818 ▲ € 824,268 vs 2023 (€ 260,550) Favourable step	€ 1,807,813 Cash 2025: € 1,807,813 ▲ 67% vs 2024 (€ 1,084,818) Favourable step	▲ 67%
Retained profit	€ 705,275 Retained profit 2022: € 705,275 First fiscal year in the series	€ 543,755 Retained profit 2023: € 543,755 ▼ 23% vs 2022 (€ 705,275) Unfavourable step	€ 863,593 Retained profit 2024: € 863,593 ▲ 59% vs 2023 (€ 543,755) Favourable step	€ 11,140,785 Retained profit 2025: € 11,140,785 ▲ € 10.3 million vs 2024 (€ 863,593) Favourable step	▲ € 10.3 million
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 1,100,025 Bank debt 2025: € 1,100,025 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 1,371,664 Balance sheet total 2022: € 1,371,664 First fiscal year in the series	€ 1,082,667 Balance sheet total 2023: € 1,082,667 ▼ 21% vs 2022 (€ 1,371,664) Unchanged	€ 1,385,785 Balance sheet total 2024: € 1,385,785 ▲ 28% vs 2023 (€ 1,082,667) Unchanged	€ 15,762,481 Balance sheet total 2025: € 15,762,481 ▲ € 14.4 million vs 2024 (€ 1,385,785) Unchanged	▲ € 14.4 million
Employees (FTE)	2.1 Employees (FTE) 2022: 2.1 First fiscal year in the series	1.5 Employees (FTE) 2023: 1.5 ▼ 0.6 vs 2022 (2.1) Unchanged	1.8 Employees (FTE) 2024: 1.8 ▲ 0.3 vs 2023 (1.5) Unchanged	5.9 Employees (FTE) 2025: 5.9 ▲ 4.1 vs 2024 (1.8) Unchanged	▲ 4.1

Key figures of Fondation Reine Paola, 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 Fondation Reine Paola?

What happened at Fondation Reine Paola in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 22, 2026 New annual accounts for financial year 2025: loss of € 1.1 million (▼ € 1.4 million vs 2024). Source: NBB ↗
2025 Karsten De Clerck became a director. NBB
Mar 31, 2025 New establishment in Brugge. KBO
2025 Christiaan Hoorne became a director. NBB
2025 Philippe Deschamps became a director. NBB
2025 Jean-Luc Cottyn became a director. NBB
2025 Etienne Denoel stepped down as director. NBB
2025 Stanislas Peel stepped down as director. NBB

In short

From € 468,602 loss in 2022 to € 1.1 million loss in 2025.

Paid € 2,425 in corporate taxes since 2022.

Best year ever: 2024, with € 319,839 profit.

On average € 312,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Christiaan Hoorne Michel Flohimont Philippe Deschamps Jean-Luc Cottyn +3

A & C INVEST

TABORASA

Pelicano

Fondation Reine Paola

Behind Fondation Reine Paola are Christiaan Hoorne, Michel Flohimont, Philippe Deschamps, Jean-Luc Cottyn, Thierry Le Grelle and Vincent Houssiau. Christiaan Hoorne is also behind A & C INVEST, TABORASA and Pelicano.

Directors

According to the 2025 annual accounts

Christiaan Hoorne

Director

Also active at: A & C INVEST, TABORASA, Pelicano

since 2025

Michel Flohimont

Director

since 2019

Philippe Deschamps

Director

since 2025

Jean-Luc Cottyn

Director

since 2025

Thierry Le Grelle

Director

Also active at: FEDERATION BELGE DU COMMERCE ET DES SERVICES, PetSerCo, ANISTORES

since 2022

Vincent Houssiau

Director

since 2022

Karsten De Clerck

Director

Also active at: Les Instituts Internationaux de Physique et de Chimie Fondes Par Ernestsolvay, AVENUE DES COURSES 9, EGON ZEHNDER ASSOCIATES (INTERNATIONAL), StraZart

since 2025

Etienne Denoel

Director

since 2022 · until 2025

Stanislas Peel

Director

since 2024 · until 2025

Piet Van Speybroeck

Director

since 2013 · until 2025

Jan Engels

Director

Also active at: ENGELS GROUP, ENGEBO, J A R C ((JARC))

since 2019 · until 2025

Eric Jacobs

Director

Also active at: ACTALYS, NOTAIRES ASSOCIES, HEDGES

since 2024 · until 2025

Xavier Van Campenhout

Director

Also active at: SOCLOTHES, Fondation Gingo, SOVERIN, Superstories, STRUDELIMMO, DEGROOF PETERCAM FOUNDATION, PULSE PROTEIN

since 2024 · until 2025

Fabienne Legrand

Director

Also active at: contius foundation

since 2013 · until 2025

Heidi De Pauw

Director

Also active at: De Vlaamse Radio- en Televisieomroeporganisatie, FONDATION POUR ENFANTS DISPARUS ET SEXUELEMENT EXPLOITES - STICHTING VOOR VERMISTE EN SEKSUEEL UITGEBUITE KINDEREN

since 2019 · until 2025

Thierry Bouckaert

Director

Also active at: TBHF, AKKANTO, Palais des Beaux-Arts

since 2018 · until 2025

Hilde Kieboom

Director

Also active at: Vereniging voor Solidariteit, Sant'Egidio BXL Europe

since 2022 · until 2025

Establishments

Establishment units

Physical locations of this company

Registered office

Louizalaan 367

1050 Elsene

2.375.450.519

Baron Ruzettelaan 3 box 3/2

8310 Brugge

Active since 31 March 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0418.089.301

VAT number

BE 0418.089.301

Registered office

Louizalaan 367, 1050 Elsene

Names & denominations

Fondation Reine Paola · Stichting Koningin Paola

Enterprise type

Rechtspersoon

Legal form

Public-interest foundation

Legal situation

Normale toestand

Start date

25 January 1978

Peppol

Active · Active since 30 Apr 2025

Activities · NACE

Overige verenigingen, neg

Overige verenigingen, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

Fondation Reine Paola

Financials

What happened to Fondation Reine Paola?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions