Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
ASSOCIATION OF ISSUING BODIES from Brussel, company number BE0864645330, closed financial year 2025 with a result of € 56,477 after tax. For that financial year ASSOCIATION OF ISSUING BODIES recorded a gross margin of € 655,634 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 534,091 to € 56,477. The company is profitable. 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 May 22, 2026.
€ 2.3 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 56,477
▼ 89% vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
2.3
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 188,194
▲ 47% vs 2024
€ 81,800 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.
€ 355,606
▲ € 279,239 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,619
▼ 34% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,885 | € 13,695 | € 1,650 | - | |
| Gross margin | € 595,217 | € 431,577 | € 989,213 | € 655,634 | ▼ 34% |
| Profit after taxes | € 501,788 | € 120,052 | € 534,091 | € 56,477 | ▼ 89% |
| Equity | € 1,539,762 | € 1,659,814 | € 2,193,904 | € 2,250,382 | ▲ 3% |
| Total debts | € 267,882 | € 176,930 | € 137,037 | € 377,225 | ▲ 175% |
| Cash | € 1,171,124 | € 1,082,864 | € 1,140,320 | € 1,628,533 | ▲ 43% |
| Retained profit | € 1,539,762 | € 1,659,814 | € 2,193,904 | € 2,250,382 | ▲ 3% |
| Balance sheet total | € 1,807,644 | € 1,836,743 | € 2,330,941 | € 2,627,606 | ▲ 13% |
| Employees (FTE) | - | 0.6 | 1.5 | 2.3 | ▲ 0.8 |
Key figures of ASSOCIATION OF ISSUING BODIES, 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 ASSOCIATION OF ISSUING BODIES?
What happened at ASSOCIATION OF ISSUING BODIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maria Koulouvari stepped down as director. NBB
- Ann-Christin Austang stepped down as director. NBB
- Peter Vedres stepped down as director. NBB
- Elke Mohrbach stepped down as director. NBB
- Miguel Jerónimo stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 56,477 (▼ 89% vs 2024). Source: NBB ↗
- River Tomera stepped down as director. NBB
- Maria Koulouvari became a director. NBB
In short
From € 501,788 profit in 2022 to € 56,477 profit in 2025.
Paid € 5,518 in corporate taxes since 2022.
Best year ever: 2024, with € 534,091 profit.
On average € 285,100 of value added per employee in 2025.
A new publication or filing at ASSOCIATION OF ISSUING BODIES? 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 ASSOCIATION OF ISSUING BODIES is Liesbeth Switten BV.
Directors
According to the 2025 annual accounts
Secretaris generaal · represented by Liesbeth Switten
Maria Koulouvari
Director
since 2025 · until 2028
River Tomera
Director
since 2023 · until 2026
Ann-Christin Austang
Chairman of the board
since 2025 · until 2028
Peter Vedres
Vice-chairman of the board
since 2025 · until 2028
Elke Mohrbach
Director
since 2025 · until 2028
Miguel Jerónimo
Director
since 2025 · until 2028
Establishments
Establishment units
Physical locations of this company
Koloniënstraat 11
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0864.645.330
- VAT number
- BE 0864.645.330
- Registered office
- Koloniënstraat 11, 1000 Brussel
- Names & denominations
- ASSOCIATION OF ISSUING BODIES
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 19 March 2004
- Peppol
- Active · Active since 3 Jun 2025
- Activities · NACE
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