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
STANDARD DE LIEGE from Liège, company number BE0433255448, closed financial year 2025 with a result of € -13.3 million after tax. For that financial year STANDARD DE LIEGE recorded revenue of € 20.5 million and equity of € 926,304. Compared with financial year 2024, the result moved from € -25.1 million to € -13.3 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 28, 2025.
€ 926,304
▲ € 40.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13.3 million
▲ 47 % less loss than in 2024
Profit after tax over the fiscal year.
€ 311,835
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12.1 million.
People and assets in 2025
178.9
▲ 4.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 32.1 million
▼ 12% vs 2024
€ 179,200 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.
€ 3.9 million
▼ 12% vs 2024
Of which on lease € 3.4 million.
Debts at end 2025
€ 5.4 million
▼ 72% vs 2024
€ 483,754 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 11.3 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 245 days on average.
€ 5.1 million
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 20,156,463 | € 23,885,074 | € 25,863,954 | € 20,453,554 | ▼ 21% |
| Profit after taxes | € -20,219,653 | € -20,318,547 | € -25,092,766 | € -13,342,433 | ▲ € 11.8 million |
| Equity | € -26,538,069 | € -24,298,755 | € -39,445,215 | € 926,304 | ▲ € 40.4 million |
| Total debts | € 49,123,549 | € 55,140,694 | € 69,297,385 | € 28,741,980 | ▼ 59% |
| Cash | € 1,047,851 | € 377,160 | € 503,482 | € 311,835 | ▼ 38% |
| Land & buildings | € 1,211,224 | € 1,232,299 | € 1,344,770 | € 1,245,507 | ▼ 7% |
| Retained profit | € -26,759,966 | € -24,446,284 | € -39,539,049 | € -12,142,433 | ▲ € 27.4 million |
| Bank debt | € 17,668,581 | € 23,208,273 | € 19,328,718 | € 5,351,459 | ▼ 72% |
| Balance sheet total | € 23,239,006 | € 34,039,631 | € 31,260,188 | € 30,104,030 | ▼ 4% |
| Employees (FTE) | 128.2 | 145.7 | 174.7 | 178.9 | ▲ 4.2 |
Key figures of STANDARD DE LIEGE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to STANDARD DE LIEGE?
What happened at STANDARD DE LIEGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PIERRE FRANCOIS stepped down as director. NBB
- LOOP CONSULT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 13.3 million. Source: NBB ↗
- NICOLAS BLOEMEN stepped down as director. NBB
- NICOLAS BLOEMEN became a director. NBB
- MARC WILMOTS stepped down as director. NBB
- David Shaw stepped down as director. NBB
- Andrew Anson stepped down as director. NBB
In short
From € 20.2 million loss in 2022 to € 13.3 million loss in 2025.
Paid € 2.5 million in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of 777 SDL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STANDARD DE LIEGEThe shares are held by 777 SDL (100%).
Directors
According to the 2025 annual accounts
Keith Steele
Director
since 2024 · until 2024
since 2024 · until 2025
Andrew Anson
Director
since 2024 · until 2025
Director · represented by Pierre Locht
since 2024 · until 2025
since 2022 · until 2024
since 2025 · until 2031
since 2025 · until 2025
Joshua Wander
Director
since 2022 · until 2024
Director · represented by Giacomo Angelini
Also active at: IMMOBILIERE DU STANDARD DE LIEGE, SCLESSIN BUSINESS CENTER
since 2024 · until 2030
NICOLAS BLOEMEN
Director
since 2025 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Centrale 2
4000 Liège
Allée du Bol-d'Air 11
4031 Liège
Active since 1 September 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →IMMOBILIERE DU STANDARD DE LIEGE same network
€ 851,426 revenue · 2025
FONDATION DU STANDARD DE LIEGE
UNITE TVA DU STANDARD
777 SDL same network
CENTRE DE FORMATION DU STANDARD DE LIEGE
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.255.448
- VAT number
- BE 0433.255.448
- Registered office
- Rue de la Centrale 2, 4000 Liège
- Names & denominations
- STANDARD DE LIEGE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 1988
- Peppol
- Active · Active since 29 Jul 2025
- Activities · NACE
Activiteiten van voetbalclubs
Activiteiten van sportclubs en -bonden
Exploitatie van sportaccommodaties
Beheer en exploitatie van sportcentra