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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EUROPEAN ENDOWMENT FOR DEMOCRACY from Brussel, company number BE0501635104, closed financial year 2025 with a result of € 0 after tax. Compared with financial year 2024, the result moved from € 0 to € 0. Around break-even. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 20,250
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
Profit after tax over the fiscal year.
€ 56.5 million
▲ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
79.7
▲ 5.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.4 million
▲ 7% vs 2024
€ 105,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 755,955
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 65 days on average.
€ 1.1 million
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Equity | € 20,250 | € 20,250 | € 20,250 | € 20,250 | |
| Total debts | € 226,787,791 | € 252,362,432 | € 216,843,624 | € 254,454,225 | ▲ 17% |
| Cash | € 36,094,517 | € 30,555,825 | € 37,495,584 | € 56,502,993 | ▲ 51% |
| Balance sheet total | € 226,828,490 | € 252,382,682 | € 216,919,690 | € 254,589,062 | ▲ 17% |
| Employees (FTE) | 61.6 | 71 | 74.2 | 79.7 | ▲ 5.5 |
Key figures of EUROPEAN ENDOWMENT FOR DEMOCRACY, 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 EUROPEAN ENDOWMENT FOR DEMOCRACY?
What happened at EUROPEAN ENDOWMENT FOR DEMOCRACY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 0. Source: NBB ↗
- Christian Leffler became a director. NBB
- Veronika Mitkova became a director. NBB
- Michelle Baldacchino became a director. NBB
- Zeljana Zovko became a director. NBB
- Hana Jalloul Muro became a director. NBB
- Lisbeth Pilegaard became a director. NBB
- Andrea Despot became a director. NBB
In short
From € 0 profit in 2022 to € 0 profit in 2025.
Pays suppliers within 65 days on average.
A new publication or filing at EUROPEAN ENDOWMENT FOR DEMOCRACY? We notify you, reason included.
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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
Behind EUROPEAN ENDOWMENT FOR DEMOCRACY are Christian Leffler, Veronika Mitkova, Michelle Baldacchino, Zeljana Zovko, Hana Jalloul Muro and Lisbeth Pilegaard.
Directors
According to the 2025 annual accounts
Christian Leffler
Director
since 2025
Veronika Mitkova
Director
since 2025
Michelle Baldacchino
Director
since 2025
Zeljana Zovko
Director
since 2025
Hana Jalloul Muro
Director
since 2025
Lisbeth Pilegaard
Director
since 2025
Andrea Despot
Director
since 2025
Peter Michael Mossop
Director
since 2025
Silver Kungas
Director
since 2025
Karoly Gruber
Director
since 2025
Carla Tavares
Director
since 2025
Hrvoje Debac
Director
since 2025
Anne Kahl
Director
since 2025
Emila Ivanova Kraleva
Director
since 2025
Finnur Bor Birgisson
Director
since 2025
Andrea Orizo
Director
since 2025
Adam Bielan
Director
since 2025
Ulrike Butschek
Director
since 2025
Maria Ligor
Director
since 2025
Monica Percic
Director
since 2025
Christian Holm Barenfeld
Director
since 2025
Beate Stiro
Director
since 2025
Vesa Kekale
Director
since 2025
Nadir Hamdi Amin
Director
since 2025
Agata PLONKA-DUDA
Director
since 2025
Sergey Lagodinsky
Director
since 2025
Merijn Van Bruggen
Director
since 2025
Ivan Kovac
Director
since 2025
Bernard Guetta
Director
since 2025
Miriam Alvarez de la Rosa Rodriguez
Director
since 2025
Maria Cristina Xavier Castanheta
Director
since 2025
Bjorn Olof Skoog
Director
since 2025
Michael Gahler
Director
since 2025
Victors Makarovs
Director
since 2025
Peter O'Conner
Director
since 2025
Stefan Kossof
Director
since 2025
Aiste Bertulyte-Zikeviciene
Director
since 2025
Veronique Joosten
Director
since 2025
David MCALLISTER
Chairman of the board
since 2025
Tobias Grothe
Director
since 2025
Alexois Mitsopoulos
Director
since 2025
Timothee Truelle
Director
since 2025
Petros Mavrikios
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Wetstraat 34
1040 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →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
GODADDY-SXB, DE
DNS
AWS Route 53
Domain
Domain
democracyendowment.eu
Registrar
GANDI
Website info
Features
Security
Details
- Company number
- 0501.635.104
- VAT number
- BE 0501.635.104
- Registered office
- Wetstraat 34, 1040 Brussel
- Names & denominations
- EUROPEAN ENDOWMENT FOR DEMOCRACY · FONDS EUROPEEN POUR LA DEMOCRATIE · EED
- Enterprise type
- Rechtspersoon
- Legal form
- Public-interest foundation
- Legal situation
- Normale toestand
- Start date
- 29 November 2012
- Peppol
- Active · Active since 4 Feb 2026
- Contact
- democracyendowment.eu
- Activities · NACE
Activiteiten van politieke organisaties