FRIENDS OF EUROPE
ActiveSummary
FRIENDS OF EUROPE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €990k and a net result of €-409k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 34% of 508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.75M | €2.18M | €1.88M | €1.53M | €1.35M | ▼ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €50k | €24k | €55k | €68k | ▲ 22.7% |
| Other operating charges640/8 | €26k | €33k | €45k | €31k | €48k | ▲ 54.0% |
| Non-recurring operating charges66A | - | - | €36k | - | - | - |
| Gross operating margin9900 | €2.05M | €2.52M | €2.09M | €1.46M | €1.02M | ▼ 30.0% |
| Operating profit (loss)9901 | €220k | €260k | €103k | €-160k | €-445k | ▼ 178% |
| Financial income75/76B | €38k | - | €7k | €166k | €61k | ▼ 63.4% |
| Recurring financial income75 | €38k | - | €7k | €166k | €1k | ▼ 99.1% |
| Non-recurring financial income76B | - | - | - | - | €59k | - |
| Financial charges65/66B | €44k | €8k | €7k | €6k | €25k | ▲ 332% |
| Recurring financial charges65 | €44k | €8k | €7k | €6k | €17k | ▲ 200% |
| Non-recurring financial charges66B | - | - | - | - | €8k | - |
| Profit (loss) for the period before taxes9903 | €214k | €252k | €103k | €95 | €-409k | ▼ 431,139% |
| Income taxes67/77 | - | - | €2k | - | - | - |
| Profit (loss) for the period9904 | €214k | €252k | €101k | €95 | €-409k | ▼ 431,139% |
| Profit (loss) for the period to be appropriated9905 | €214k | €252k | €101k | €95 | €-409k | ▼ 431,139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.66M | €3.38M | €3.65M | €2.54M | €2.34M | ▼ 7.9% |
| Fixed assets21/28 | €122k | €114k | €236k | €241k | €848k | ▲ 252% |
| Intangible fixed assets21 | €13k | €8k | €3k | €156k | €131k | ▼ 15.7% |
| Tangible fixed assets22/27 | €59k | €56k | €183k | €36k | €167k | ▲ 370% |
| Furniture and vehicles24 | €40k | €54k | €53k | €34k | €72k | ▲ 112% |
| Other tangible fixed assets26 | €20k | €2k | €2k | €1k | €95k | ▲ 6,305% |
| Assets under construction and advance payments27 | - | - | €128k | - | - | - |
| Financial fixed assets28 | €50k | €50k | €50k | €50k | €550k | ▲ 1,000% |
| Current assets29/58 | €2.53M | €3.26M | €3.41M | €2.30M | €1.49M | ▼ 35.2% |
| Amounts receivable within one year40/41 | €365k | €542k | €636k | €844k | €559k | ▼ 33.7% |
| Trade receivables40 | €244k | €440k | €541k | €761k | €559k | ▼ 26.6% |
| Other amounts receivable41 | €121k | €102k | €95k | €82k | - | - |
| Current investments50/53 | - | - | €440k | €141k | - | - |
| Cash at bank and in hand54/58 | €1.11M | €1.95M | €1.62M | €1.02M | €512k | ▼ 49.6% |
| Deferred charges and accrued income490/1 | €1.06M | €772k | €717k | €297k | €419k | ▲ 40.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.66M | €3.38M | €3.65M | €2.54M | €2.34M | ▼ 7.9% |
| Equity10/15 | €1.00M | €1.25M | €1.35M | €1.35M | €990k | ▼ 26.9% |
| Contributions10/11 | - | - | - | - | €45k | - |
| Capital10 | - | - | - | - | €45k | - |
| Profit (loss) carried forward14 | €1.00M | €1.25M | €1.35M | €1.35M | €944k | ▼ 30.2% |
| Provisions and deferred taxes16 | €35k | €35k | €71k | €40k | - | - |
| Provisions for liabilities and charges160/5 | €35k | €35k | €71k | €40k | - | - |
| Other liabilities and charges164/5 | €35k | €35k | €71k | €40k | - | - |
| Amounts payable17/49 | €1.62M | €2.09M | €2.23M | €1.15M | €1.35M | ▲ 17.6% |
| Amounts payable within one year42/48 | €521k | €608k | €592k | €246k | €856k | ▲ 247% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €357k | - |
| Trade debts44 | €256k | €336k | €382k | €100k | €323k | ▲ 221% |
| Suppliers440/4 | €256k | €336k | €382k | €100k | €323k | ▲ 221% |
| Taxes, remuneration and social security45 | €266k | €272k | €209k | €146k | €176k | ▲ 20.6% |
| Taxes450/3 | €266k | - | - | - | €54k | - |
| Remuneration and social security454/9 | - | €272k | €209k | €146k | €122k | ▼ 16.2% |
| Accrued charges and deferred income492/3 | €1.10M | €1.48M | €1.64M | €900k | €492k | ▼ 45.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €214k | €252k | €101k | €95 | €-409k | ▼ 431,139% |
| + Depreciation and write-downs630 | €52k | €50k | €24k | €55k | €68k | ▲ 22.7% |
| Operating cash flow (approximation) | €266k | €301k | €125k | €55k | €-341k | ▼ 719% |
| Investment in fixed assets (approximation) | - | €-42k | €-146k | €-60k | €-674k | ▼ 1,020% |
| Change in cash | - | €840k | €-328k | €-606k | €-504k | ▲ 16.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
16-03
State Gazette act
Reappointments: Geert Cami, Etienne Davignon and 3 othersAppointment: Fernand de Donnea (vice-chair) · Resignations: Ilham Kadri, Giles Merritt and Dirk Wouters10 facts ▸
- General meeting, 07-01-2026
- Director reappointment, Geert Cami (director)
- Director reappointment, Etienne Davignon (director)
- Director reappointment, Fernand de Donnea (director)
- Director reappointment, Isabelle Durant (director)
- Director reappointment, Thomas Leysen (director)
- Director appointment, Fernand de Donnea (vice-chair)
- Director resignation, Ilham Kadri (director)
- Director resignation, Giles Merritt (director)
- Director resignation, Dirk Wouters (director)
03-10
State Gazette act
Resignation: Thomas Leysen (chair)Appointment: Isabelle Durant (chair)3 facts ▸
- Board meeting, 30-06-2025
- Director resignation, Thomas Leysen (chair)
- Director appointment, Isabelle Durant (chair)
10-03
State Gazette act
Reappointments: Thomas Leysen, Dirk Wouters and 6 others9 facts ▸
- General meeting, 19-12-2024
- Director reappointment, Thomas Leysen (chair)
- Director reappointment, Dirk Wouters (vice-chair)
- Director reappointment, Geert Cami (secrétaire général)
- Director reappointment, Etienne Davignon (director)
- Director reappointment, Fernand de Donnea (director)
- Director reappointment, Giles Merritt (director)
- Director reappointment, Isabelle Durant (director)
- Director reappointment, Ilham Kadri (director)
23-07
State Gazette act
Reappointments: Thomas Leysen, Dirk Wouters and 6 others9 facts ▸
- General meeting, 14-06-2024
- Director reappointment, Thomas Leysen (chair)
- Director reappointment, Dirk Wouters (vice-chair)
- Director reappointment, Geert Cami (secrétaire général)
- Director reappointment, Etienne Davignon (director)
- Director reappointment, Fernand de Donnea (director)
- Director reappointment, Giles Merritt (director)
- Director reappointment, Isabelle Durant (director)
- Director reappointment, Iham Kadri (director)
01-07
State Gazette act
Reappointment: Callens Vandelanotte (statutory auditor)Permanent representative: Laura Guarino3 facts ▸
- General meeting, 27-03-2024
- Auditor reappointment, Callens Vandelanotte (statutory auditor)
- Permanent representative, Laura Guarino
21-12
State Gazette act
Resignation: GENTZIS Theodora (membre de l’organe d’administration)Withdrawal: GENTZIS Theodora (member) · Purpose change · Statutes amendment6 facts ▸
- General meeting, 01-12-2023
- Purpose change, L'association a pour but désintéressé : - de favoriser une meilleure connaissance des questions européennes et des défis auxquels sont confrontés notre continen…
- Statutes amendment
- Statutes amendment
- Director resignation, GENTZIS Theodora (membre de l’organe d’administration)
- Member resignation, GENTZIS Theodora
Show earlier events
15-12
State Gazette act
Appointments: Thomas Leysen (chair of the board) and Dirk Wouters (vice président du conseil d'administration)3 facts ▸
- Board meeting, 17-03-2022
- Director appointment, Thomas Leysen (chair of the board)
- Director appointment, Dirk Wouters (vice président du conseil d'administration)
02-03
State Gazette act
Admissions: Theodora Gentzis (member) and Ilham Kadri (member)Appointments: Theodora Gentzis, Ilham Kadri and Dirk Wouters6 facts ▸
- General meeting, 28-10-2021
- Member admission, Theodora Gentzis
- Member admission, Ilham Kadri
- Director appointment, Theodora Gentzis (director)
- Director appointment, Ilham Kadri (director)
- Director appointment, Dirk Wouters (director)
15-06
State Gazette act
Reappointments: Etienne Davignon, Thomas Leysen and 5 othersResignations: Patrick Janssens (director) and Martine Vandeputte (general manager/ managing director) · Power of attorney11 facts ▸
- General meeting
- Director reappointment, Etienne Davignon (chair)
- Director reappointment, Thomas Leysen (vice-chair)
- Director reappointment, Geert Cami (secrétaire général)
- Director reappointment, Fernand de Donnea (director)
- Director reappointment, Giles Merritt (director)
- Director reappointment, Isabelle Durant (director)
- Director resignation, Patrick Janssens (director)
- Auditor reappointment, SCRL Vandelanotte Réviseurs d'Entreprises
- Power of attorney, Jan Degryse (representative)
- Director resignation, Martine Vandeputte (general manager/ managing director)
13-01
State Gazette act
Appointment: Martine Vandeputte (general manager/ managing director)2 facts ▸
- Board meeting, 24-11-2020
- Director appointment, Martine Vandeputte (general manager/ managing director)
27-08
State Gazette act
Appointment: Isabelle Durant (director)2 facts ▸
- General meeting, 25-06-2020
- Director appointment, Isabelle Durant (director)
28-12
State Gazette act
Appointments: Le Comte DAVIGNON Etienne, Monsieur LEYSEN Thomas and 2 othersPermanent representative: Monsieur Jan Degryse · Purpose change · Name change15 facts ▸
- General meeting, 18-12-2018
- Purpose change, L'association a pour but : - de favoriser une meilleure connaissance des questions européennes et des défis auxquels sont confrontés notre continent européen et…
- Name change, FRIENDS OF EUROPE
- Statutes amendment
- Board composition, Le Comte DAVIGNON Etienne (director)
- Board composition, Monsieur LEYSEN Thomas (director)
- Board composition, Monsieur de DONNÉA Fernand (director)
- Board composition, Monsieur JANSSENS Patrick (director)
- Board composition, Monsieur MERRIT Giles (director)
- Board composition, Monsieur CAMI Geert (director)
- Director appointment, Le Comte DAVIGNON Etienne (chair)
- Director appointment, Monsieur LEYSEN Thomas (vice-chair)
- +3 further facts in this act
19-04
State Gazette act
Reappointments: Etienne Davignon, Thomas Leysen and 3 othersAppointments: Geert Camí, Patrick Janssens and Vandelanotte Réviseurs d'Entreprises SCRL · Resignation: Fimacon BVBA (director) · Permanent representative: Jan Degryse12 facts ▸
- General meeting, 12-03-2018
- Director reappointment, Etienne Davignon (director)
- Director reappointment, Thomas Leysen (director)
- Director reappointment, Fernand de Donnea (director)
- Director reappointment, Giles Merritt (director)
- Director reappointment, Geert Camí (director)
- Director appointment, Geert Camí (secrétaire général)
- Director resignation, Fimacon BVBA (director)
- Director appointment, Patrick Janssens (director)
- Auditor appointment, Vandelanotte Réviseurs d'Entreprises SCRL (statutory auditor)
- Permanent representative, Jan Degryse
- Registered-office move, Square de Meeûs 5-6, 1000 Bruxelles
26-09
State Gazette act
Reappointment: Etienne Davignon (director)Appointments: Thomas Leysen (director) and Fernand de Donnea (director)4 facts ▸
- General meeting
- Director reappointment, Etienne Davignon (director)
- Director appointment, Thomas Leysen (director)
- Director appointment, Fernand de Donnea (director)
24-08
State Gazette act
Capital & sharesDemerger · Accounting effect2 facts ▸
- Demerger, universalité de l'Association Apporteuse
- Accounting effect, 01-10-2014
02-06
State Gazette act
Capital & sharesMerger1 fact ▸
- Merger, apport à titre gratuit d'universalité
09-04
State Gazette act
Reappointments: Etienne Davignon, Geert Cami and 2 othersPermanent representative: Patrick Janssens6 facts ▸
- General meeting, 10-03-2015
- Director reappointment, Etienne Davignon (director)
- Director reappointment, Geert Cami (director)
- Director reappointment, Giles Merritt (director)
- Director reappointment, Fimacon BVBA (director)
- Permanent representative, Patrick Janssens
23-04
State Gazette act
Reappointments: Etienne Davignon (director) and Giles Merritt (director)Resignation: REVISEURS D'ENTREPRISES MOORE STEPHENS VERSCHELDEN (statutory auditor) · Appointment: VANDELANOTTE REVISEURS D'ENTREPRISES (statutory auditor) · Permanent representative: Nikolas Vandelanotte9 facts ▸
- General meeting, 26-02-2013
- Director reappointment, Etienne Davignon (director)
- Director reappointment, Giles Merritt (director)
- Director resignation, REVISEURS D'ENTREPRISES MOORE STEPHENS VERSCHELDEN (statutory auditor)
- Auditor appointment, VANDELANOTTE REVISEURS D'ENTREPRISES (statutory auditor)
- Permanent representative, Nikolas Vandelanotte (permanent representative)
- General meeting, 20-02-2014
- Director reappointment, Etienne Davignon (director)
- Decision, 11-02-2014
03-01
State Gazette act
Registered officeRegistered-office move2 facts ▸
- General meeting, 18-09-2013
- Registered-office move, Rue De La Science 4, 1000 Bruxelles
29-03
State Gazette act
Reappointment: Etienne Davignon (director)Appointment: Fimacon BVBA (director) · Permanent representative: Patrick Janssens4 facts ▸
- General meeting, 14-02-2012
- Director reappointment, Etienne Davignon (director)
- Director appointment, Fimacon BVBA (director)
- Permanent representative, Patrick Janssens
28-04
State Gazette act
Resignation: VGD (statutory auditor)Appointment: Moore Stephens Verschelden, Bedrijfsrevisoren Burg. CVBA (statutory auditor) · Permanent representatives: Peter Verschelden and Wendy Van der Biest5 facts ▸
- General meeting, 22-02-2011
- Director resignation, VGD (statutory auditor)
- Auditor appointment, Moore Stephens Verschelden, Bedrijfsrevisoren Burg. CVBA (statutory auditor)
- Permanent representative, Peter Verschelden
- Permanent representative, Wendy Van der Biest
27-07
State Gazette act
Withdrawal: Didier Goffart (member)Resignation: Didier Goffart (director)3 facts ▸
- General meeting, 09-07-2010
- Member resignation, Didier Goffart
- Director resignation, Didier Goffart (director)
22-07
State Gazette act
Resignation: Didier Goffart (managing director)Appointments: Etienne Davignon, Giles Merritt and Geert Cami5 facts ▸
- Board meeting, 22-06-2010
- Director resignation, Didier Goffart (managing director)
- Director appointment, Etienne Davignon (président du conseil d' administration)
- Director appointment, Giles Merritt (managing director)
- Director appointment, Geert Cami (managing director)
27-01
State Gazette act
Reappointment: Etienne Davignon (director)2 facts ▸
- General meeting, 30-11-2009
- Director reappointment, Etienne Davignon (director)
01-12
State Gazette act
Admission: Europe's World (member)Appointment: Giles Merritt (director) · Reappointment: Etienne Davignon (director)4 facts ▸
- General meeting, 23-09-2008
- Member admission, Europe's World
- Director appointment, Giles Merritt (director)
- Director reappointment, Etienne Davignon (director)
12-03
State Gazette act
Appointment: Didier Goffart (managing director)2 facts ▸
- Board meeting, 17-02-2005
- Director appointment, Didier Goffart (managing director)
Directors · office · real estate
2 other directors
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0485/00R003 | Brussels | 897 m² | 1 · 649 m² | 39.4 m · 12 fl. |
Linked by address, not proof of ownership
Statutory auditor
1 auditor| Callens VandelanotteCurrent Statutory auditor · represented by Laura Guarino | 27-03-2024 → present |
Show 3 earlier auditors
| Moore Stephens Verschelden Bedrijfsrevisoren Burg. CVBA Statutory auditor succeeded by Vandelanotte Réviseurs d'Entreprises SCRL in 2013 | 22-02-2011 → 01-01-2013 |
| Vandelanotte Réviseurs d'Entreprises SCRL Auditor succeeded by Callens Vandelanotte in 2024 | 01-01-2013 → 27-03-2024 |
| VGD Statutory auditor | - → 22-02-2011 |
Structure & network
Connections & network
42 connected companiesShow 38 more companies with a shared director
Acquisitions and mergers
1 transactionPublic money · subsidies and aid
European Union, budget
2021 to 2024 · 8 entries · 1,935,539 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 350,000 EUR |
| 2023 | 2 | 700,000 EUR |
| 2022 | 4 | 535,539 EUR |
| 2021 | 1 | 350,000 EUR |
Show 2 more projects
European research
2 projects · 357,603 EUR EU contributionRecognitions · licences · registrations
Legal Entity Identifier
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Identification & contact
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