ACTIVE

SOCIETE DE GESTION DU FRI DE LA REGION WALLONNE

Financial year 2025 · Closed on 31/12/2025

Net result3,1 k €+3 029,9 %over 1 year

Gross margin14,9 M €+378,6 %over 1 year

Equity320,5 k €+1,0 %over 1 year

Identity

Source · BCE/KBO

SOCIETE DE GESTION DU FRI DE LA REGION WALLONNE is a Public limited company incorporated in 1990. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0240.365.703
Incorporation: 27/02/1990
Legal form: Public limited company
Registered office: Avenue Maurice-Destenay 13
4000 Liège · WallonieSee on map
Contributed capital: 250 000,00 €
Latest accounts: 31/12/2025

Signals

ProfitableGood liquidityPositive cashflow

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	14,9 M €	+379%	3,1 M €	+8577731%	-36,2 €	-104%	838 €	-0.2%	839,3 €
EBITDA	-41,5 €	-25.6%	-33 €	+8.7%	-36,2 €	-20.4%	-30,1 €	-4.7%	-28,7 €
Operating result	-41,5 €	-25.6%	-33 €	+8.7%	-36,2 €	-20.4%	-30,1 €	-4.7%	-28,7 €
Net result	3,1 k €	+3030%	-104,4 €	+54.3%	-228,6 €	+43.2%	-402,4 €	-71.1%	-235,2 €
Balance sheet
Equity	320,5 k €	+1.0%	317,5 k €	-0.0%	317,6 k €	-0.1%	317,8 k €	-0.1%	318,2 k €
Total assets	185,2 M €	-7.2%	199,5 M €	-1.3%	202,2 M €	-0.0%	202,2 M €	-0.6%	203,5 M €
Cash	36,6 M €	+70.1%	21,5 M €	+96.1%	11 M €	+2606%	405,9 k €	+6.6%	380,8 k €
Debts	184,9 M €	-7.2%	199,2 M €	-1.3%	201,9 M €	-0.0%	201,9 M €	-0.6%	203,2 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Karl ADAMS	Directorsince 01/12/2013
Renaud SCHETTER	Directorsince 21/05/2025
Anne VEREECKE	Director17/05/2023 → 21/05/2025
Marc DEGAUTE	Director17/05/2023 → 21/05/2025
Thierry CLAESSEN	Directorsince 17/05/2023
Eric PONCIN	Directorsince 01/01/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marie-Odile CLAUDE	Government commissionersince 10/10/2019
Olivier BOUCHAT	Director01/01/2019 → 17/05/2023

Other companies at this address

Avenue Maurice-Destenay 13 4000 Liège

Company	CBE no.
AMERIGO● Active	0771.407.148
ARCEO● Active	0865.732.522
ARCEO ENGINEERING● Liquidation	0894.304.267
ARJEMO● Active	0887.233.957
B.E. Fin● Active	0419.202.029
BELWING● Active	0674.535.327
CENTRE D'AFFAIRES LIEGE AVROY● Active	0842.182.209
Durobor Real Estate● Active	0843.107.667
Entreprise wallonne pour l'accélération de la transition énergétique● Active	0798.422.341
ESPACE FINANCEMENT● Active	0553.753.006
ESTOR-LUX● Active	0749.614.317
Estor-Lux II● Active	0791.483.574
ESTOR-LUX III● Active	1026.435.588
FNX Ventures● Active	1006.450.422
FONDS DE PARTICIPATION WALLONIE● Active	0554.780.018
GEPART● Active	0871.229.947
GREEN4POWER● Active	0666.984.074
Green for Power - Beta● Active	1018.955.306
Green for Power - Hélios● Active	1000.086.727
Green for Power Holdco● Active	1017.348.767

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/06/2026	06/06/2025	31/05/2024	05/07/2023	07/06/2022	14/06/2021
General meeting	20/05/2026	21/05/2025	15/05/2024	17/05/2023	18/05/2022	19/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/05/2026	02/06/2026	French	PDF
Abridged model	31/12/2024	21/05/2025	06/06/2025	French	PDF
Abridged model	31/12/2023	15/05/2024	31/05/2024	French	PDF
Abridged model	31/12/2022	17/05/2023	05/07/2023	French	PDF
Abridged model	31/12/2021	18/05/2022	07/06/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	14/06/2021	French	PDF
Abridged model	31/12/2019	20/05/2020	26/05/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	27/05/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	05/06/2018	French	PDF
Full model	31/12/2016	17/05/2017	14/06/2017	French	PDF
Full model	31/12/2015	18/05/2016	31/05/2016	French	PDF
Full model	31/12/2014	20/05/2015	08/06/2015	French	PDF
Full model	31/12/2013	21/05/2014	18/06/2014	French	PDF
Full model	31/12/2012	10/04/2013	14/05/2013	French	PDF
Full model	31/12/2011	11/04/2012	09/05/2012	French	PDF
Full model	31/12/2010	13/04/2011	28/04/2011	French	PDF
Full model	31/12/2009	14/04/2010	10/05/2010	French	PDF
Full modelCorrection	31/12/2008	08/04/2009	13/05/2009	French	PDF
Full model	31/12/2008	08/04/2009	05/05/2009	French	PDF
Full model	31/12/2007	09/04/2008	19/05/2008	French	PDF
Full model	31/12/2006	11/04/2007	09/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Karl ADAMS	Directorsince 01/12/2013
Renaud SCHETTER	Directorsince 21/05/2025
Anne VEREECKE	Director17/05/2023 → 21/05/2025
Marc DEGAUTE	Director17/05/2023 → 21/05/2025
Thierry CLAESSEN	Directorsince 17/05/2023
Eric PONCIN	Directorsince 01/01/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marie-Odile CLAUDE	Government commissionersince 10/10/2019
Olivier BOUCHAT	Director01/01/2019 → 17/05/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/09/2026
Nomination statutaire : Mandat du Commissaire
PDF
Mandates02/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2024
DEMISSIONS, NOMINATIONS
PDF
Other04/03/2024
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2019
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Karl ADAMS

Renaud SCHETTER

Thierry CLAESSEN

Anne VEREECKE

Marc DEGAUTE

Eric PONCIN

Marie-Odile CLAUDE

Olivier BOUCHAT

Véronique GOOSSE

Sébastien DURIEUX

Olivier VANDERIJST

Jean Pascal LABILLE

and 4 more mandates

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

SOFRIWAL

Avenue Maurice-Destenay 13, 4000 Liège

Director

Government commissioner

Director

DirectorChairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Maurice-Destenay 13, 4000 LiègeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00144026

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SOCIETE DE GESTION DU FRI DE LA REGION WALLONNECurrent		CBE
SOFRIWAL	accounts 2021 → 2025	Accounts 2025 · 2026-00144026

Events

2025
Annual accounts 20253,1 k €↑
21/05/2025
nominationKarl ADAMS · membre du Conseil d'Administration et du Comité de Gestion
21/05/2025
nominationRenaud SCHETTER · membre du Conseil d'Administration et du Comité de Gestion
2024
Annual accounts 2024-104,4 €↑
23/02/2024
nominationMarc DEGAUTE · Président du Comité d'Audit
23/02/2024
nominationEric PONCIN · président du Comité de gestion et du Conseil d'administration
2023
Annual accounts 2023-228,6 €↑
2022
Annual accounts 2022-402,4 €↓
2021
Annual accounts 2021-235,2 €↓
2020
Annual accounts 2020-102,1 €↓
2019
Annual accounts 2019-101 €↓
2018
Annual accounts 2018-53,8 €↓
2017
Annual accounts 2017690,7 €↑
2016
Annual accounts 2016200,8 €↑
2015
Annual accounts 2015-267 €↓
2014
Annual accounts 2014-249 €↑
2013
Annual accounts 2013-2 k €↓
2012
Annual accounts 20121,5 k €↓
2011
Annual accounts 20112,7 k €↑
2010
Annual accounts 20101,9 k €↓
2009
Annual accounts 200934,9 k €↑
2008
Annual accounts 20088,7 k €
27/02/1990
IncorporationPublic limited company

SOCIETE DE GESTION DU FRI DE LA REGION WALLONNE

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events