Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 29.5 to 22.1.
Financials
Financial year 2025
FRIENDS OF EUROPE from Brussel, company number BE0465872192, closed financial year 2025 with a result of € -408,884 after tax. For that financial year FRIENDS OF EUROPE recorded a gross margin of € 1 million and equity of € 989,672. Compared with financial year 2024, the result moved from € 95 to € -408,884. 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 July 14, 2026.
€ 989,672
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -408,884
▼ still € 95 profit in 2024
Profit after tax over the fiscal year.
€ 512,051
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
22.1
▼ 3.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 12% vs 2024
€ 61,100 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.
€ 72,349
▲ 112% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 357,499
Loans from banks and other lenders, long and short.
€ 322,540
▲ 221% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 176,123
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,522,269 | € 2,089,402 | € 1,459,017 | € 1,021,448 | ▼ 30% |
| Profit after taxes | € 251,503 | € 101,146 | € 95 | € -408,884 | ▼ € 408,979 |
| Equity | € 1,251,880 | € 1,353,027 | € 1,353,122 | € 989,672 | ▼ 27% |
| Total debts | € 2,091,491 | € 2,227,026 | € 1,146,047 | € 1,348,247 | ▲ 18% |
| Cash | € 1,950,463 | € 1,622,123 | € 1,015,723 | € 512,051 | ▼ 50% |
| Retained profit | € 1,251,880 | € 1,353,027 | € 1,353,122 | € 944,238 | ▼ 30% |
| Bank debt | € 0 | € 0 | € 0 | € 357,499 | |
| Balance sheet total | € 3,378,425 | € 3,650,836 | € 2,539,340 | € 2,337,918 | ▼ 8% |
| Employees (FTE) | 35.7 | 29.5 | 25.5 | 22.1 | ▼ 3.4 |
Key figures of FRIENDS OF EUROPE, 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 FRIENDS OF EUROPE?
What happened at FRIENDS OF EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Geert Cami stepped down as director. NBB
- Etienne Davignon stepped down as director. NBB
- Fernand de Donnea stepped down as director. NBB
- Isabelle Durant stepped down as director. NBB
- Thomas Leysen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 408,884 (▼ € 408,979 vs 2024). Source: NBB ↗
- Geert Cami became a director. NBB
- Etienne Davignon became a director. NBB
In short
From € 251,503 profit in 2022 to € 408,884 loss in 2025.
Paid € 1,573 in corporate taxes since 2022.
Best year ever: 2022, with € 251,503 profit.
On average € 46,200 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
Geert Cami
Secrétaire Général du Conseil d'Administration
since 2026 · until 2027
Etienne Davignon
Director
since 2026 · until 2027
Fernand de Donnea
Vice-chairman of the board
Also active at: TOWNHALL EUROPE – Davignon Centre for New Leadership
since 2026 · until 2027
Isabelle Durant
Chairman of the board
since 2026 · until 2027
Thomas Leysen
Director
Also active at: UMICORE, World Wide Fund for Nature - Belgium, Capstone Partners, MEDIACORE, TOWNHALL EUROPE – Davignon Centre for New Leadership, FONDS BAILLET LATOUR
since 2026 · until 2027
Establishments
Establishment units
Physical locations of this company
de Meeûssquare 5-6
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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€ 335,099 gross margin · 2025
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+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
- 0465.872.192
- VAT number
- BE 0465.872.192
- Registered office
- de Meeûssquare 5-6, 1000 Brussel
- Names & denominations
- FRIENDS OF EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 15 January 1999
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Verenigingen en bewegingen voor volwassenen
Overige verenigingen, neg
Overige verenigingen, n.e.g.