ORSA EUROPE
Activeformerly INVESTSUD INNOVATION
Directors
Directors
5 directors, no change since 2024
Christophe FRUYTIER
Current
Director · since 25-06-2024 · 5-year term from 2024 · listed in the 2025 annual accounts, filed on 29-10-2025
Cécile CAVALADE
Current
Director · since 25-06-2024 · 5-year term from 2024 · listed in the 2025 annual accounts, filed on 29-10-2025
Françoise de VAUCLEROY
Current
Director · since 25-06-2024 · 5-year term from 2024 · listed in the 2025 annual accounts, filed on 29-10-2025
Marc BREUSKIN
Current
Director · since 25-06-2024 · 5-year term from 2024 · listed in the 2025 annual accounts, filed on 29-10-2025
Marc DECHAMPS
Current
Director · since 25-06-2024 · 5-year term from 2024 · listed in the 2025 annual accounts, filed on 29-10-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly
deed of 01-07-2024Owners and capital
Shareholders
1 ownerChain of control
- FINANCIERE DU SUD - EST
- ORSA FUND
- ORSA EUROPE
Owners 1
- ORSA FUNDparentSourceaccounts ORSA FUND 2025Equity €17.3m Profit of €3.4m in 2025 (loss of €489,362 in 2024)60%
Capital transactions
Shareholders according to the deeds
At incorporation
act of 01-07-2024 ↗
- RÉGION WALLONNE 4,000 shares (40%) · €3,089,804.10 in cash
- INVESTSUD (BE 0424.971.945) 6,000 shares (60%) · €4,634,706.15 in cash
Capital over time
- 01-07-2024 Incorporation · €7,724,510.25 · 10,000 shares
Mandate history
5 people, 5 in office
- Board
| Name | Functions and periods |
|---|---|
| Christophe FRUYTIER |
|
| Cécile CAVALADE |
|
| Françoise de VAUCLEROY |
|
| Marc BREUSKIN |
|
| Marc DECHAMPS |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Fixé par expert désigné de commun accord, 6 mois du décès”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Organe administration en fonction comme college liquidateurs, 38”“39, toutes operations prevues par loi”
Articles of association, deed of 01-07-2024 (in French)