In the 2001–02 FIBA Korać Cup, the team lost to French side Racing Paris in the first round.

Three years later, in 2004, the team wins its first silverware when it captures the Belgian Basketball Cup for the first time.

[2] After the 2020s were characterised mainly by financial problems for Liège, the club was purchased by an American investors group in 2022.

The Mickael Sports Group, owned by Ernie Cambo, purchased all shares in the team.

The BNXT League responded by saying that if they actually pull through, Liège will be refused access to the playoffs on top of a €2500 fine.