ACTIVE

SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

290,9 M €

-43.6% YoY

Equity

11,4 Md €

+28.3% YoY

Workforce

38,4 ETP

+56.1% YoY

What does SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT do?

SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT is a Public limited company incorporated in 1994. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles. It employs on average 38,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0253.445.063

Incorporation

16/09/1994

Legal form

Public limited company

Registered office

Avenue Louise 32 box 4
1050 Bruxelles · BruxellesSee on map

Contributed capital

9 184 282 378,91 €

Latest accounts

31/12/2025

Average workforce

38,4 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65231Reinsurance 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 84119General public administration activities+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
EBITDA	-16,1 M €	+3.6%	-16,7 M €	-154%	-6,6 M €	-561%	-998,5 k €	-102%	46,9 M €	+2450%	-2,0 M €	-113%	15,9 M €	+449%	-4,6 M €	+24.3%	-6,0 M €	+11.3%	-6,8 M €	+8.7%	-7,5 M €	-24.8%	-6,0 M €	-15.5%	-5,2 M €	-11.5%	-4,6 M €	-14.0%	-4,1 M €
Operating result	-16,9 M €	-0.2%	-16,9 M €	-136%	-7,2 M €	-374%	-1,5 M €	-103%	46,2 M €	+2335%	-2,1 M €	-113%	15,9 M €	+443%	-4,6 M €	+24.1%	-6,1 M €	+11.4%	-6,9 M €	+8.9%	-7,6 M €	-24.3%	-6,1 M €	-16.7%	-5,2 M €	-11.5%	-4,7 M €	-14.2%	-4,1 M €
Net result	290,9 M €	-43.6%	515,5 M €	+2937%	17,0 M €	-69.0%	54,8 M €	-63.4%	149,8 M €	+30.0%	115,2 M €	+3.2%	111,6 M €	+33.4%	83,7 M €	-23.5%	109,3 M €	-39.8%	181,6 M €	+683%	23,2 M €	-52.0%	48,3 M €	-19.6%	60,1 M €	-1.4%	60,9 M €	+34.2%	45,4 M €
Balance sheet
Equity	11,4 Md €	+28.3%	8,9 Md €	+276%	2,4 Md €	+0.5%	2,4 Md €	+1.8%	2,3 Md €	+5.1%	2,2 Md €	+1.2%	2,2 Md €	+4.4%	2,1 Md €	+3.1%	2,0 Md €	+4.6%	1,9 Md €	+9.1%	1,8 Md €	+0.2%	1,8 Md €	+1.6%	1,7 Md €	+2.4%	1,7 Md €	+8.3%	1,6 Md €
Total assets	11,7 Md €	+15.9%	10,1 Md €	+294%	2,6 Md €	+7.1%	2,4 Md €	+1.2%	2,4 Md €	+5.0%	2,2 Md €	+1.3%	2,2 Md €	+4.9%	2,1 Md €	+3.2%	2,0 Md €	+4.6%	2,0 Md €	+8.6%	1,8 Md €	+0.8%	1,8 Md €	+0.3%	1,8 Md €	+2.6%	1,7 Md €	-74.3%	6,8 Md €
Cash	35,3 M €	-93.8%	567,0 M €	-0.3%	568,4 M €	-7.5%	614,5 M €	-16.6%	736,9 M €	-8.6%	806,6 M €	+1.7%	793,5 M €	+8.5%	731,5 M €	+15.8%	631,9 M €	+107%	306,0 M €	+97.9%	154,6 M €	-29.4%	218,9 M €	-7.2%	235,8 M €	+230%	71,6 M €	-98.6%	5,2 Md €
Debts	230,7 M €	-80.0%	1,2 Md €	+524%	185,2 M €	+561%	28,0 M €	-32.4%	41,4 M €	-3.2%	42,8 M €	+3.9%	41,2 M €	+39.8%	29,5 M €	+5.0%	28,1 M €	+0.5%	27,9 M €	-19.2%	34,6 M €	+44.9%	23,9 M €	-48.5%	46,3 M €	+13.9%	40,7 M €	-99.2%	5,2 Md €
Other
Workforce	38,4 ETP	+56.1%	24,6 ETP	+29.5%	19,0 ETP	+0.5%	18,9 ETP	+11.8%	16,9 ETP	+27.1%	13,3 ETP	+25.5%	10,6 ETP	+2.9%	10,3 ETP	+19.8%	8,6 ETP	-1.1%	8,7 ETP	+6.1%	8,2 ETP	+10.8%	7,4 ETP	0.0%	7,4 ETP	+15.6%	6,4 ETP	+18.5%	5,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 73 ended

Active mandates

Caroline GODDEERIS

Director · since 16 août 2023 · until 01 juillet 2027

Active

Dieter BERCKVENS

Director · since 16 août 2023 · until 01 janvier 2028

Active

Lieve SCHUERMANS

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Nathalie OMBELETS

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Nicolas PIRE

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Pierre HARKAY

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Isabelle CALLENS

Director · since 20 juillet 2021 · until 20 juillet 2027

Active

Kathleen VAN DEN NESTE

Director · since 20 juillet 2021 · until 20 juillet 2027

Active

Koen SCHOORS

Vice-chairman of the board of directors · since 01 juillet 2021 · until 01 juillet 2027

Active

Koenraad VAN LOO

Managing director · since 01 juillet 2021 · until 01 juillet 2027

Active

Laurence BOVY

Chairman of the board of directors · since 01 juillet 2021 · until 01 juillet 2027

Active

Olivier HENIN

Vice-chairman of the board of directors · since 01 juillet 2021 · until 01 juillet 2027

Active

Ended mandates

Ariel GONZALEZ

Director · since 01 janvier 2022 · until 01 janvier 2028

Ended

Renaat BERCKMOES

Director · since 01 juillet 2021 · until 01 juillet 2027

Ended

Eddy PEETERS

Government commissioner · since 01 décembre 2020

Ended

Pascal LIZIN

Chairman of the board of directors · since 02 mai 2018 · until 31 décembre 2021

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	m120-f-p	m120-f-p	Full model	m120-f-p	m120-f-p
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	15/04/2026	16/04/2026	25/04/2025	12/04/2023	11/07/2022	17/05/2021
General meeting	17/03/2026	17/03/2026	15/04/2025	20/03/2023	10/05/2022	05/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

82 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/03/2026	15/04/2026	Dutch	PDF
Full model	31/12/2025	17/03/2026	15/04/2026	French	PDF
Full model	31/12/2024	20/03/2025	07/04/2025	French	PDF
Full model	31/12/2024	20/03/2025	07/04/2025	Dutch	PDF
m120-f-p	31/12/2024	17/03/2026	16/04/2026	Dutch	PDF
m120-f-p	31/12/2024	17/03/2026	16/04/2026	French	PDF
Full model	31/12/2023	20/03/2024	16/04/2024	French	PDF
Full model	31/12/2023	20/03/2024	16/04/2024	Dutch	PDF
m120-f-p	31/12/2023	15/04/2025	25/04/2025	Dutch	PDF
m120-f-p	31/12/2023	15/04/2025	25/04/2025	French	PDF
Full model	31/12/2022	20/03/2023	12/04/2023	French	PDF
Full model	31/12/2022	20/03/2023	12/04/2023	Dutch	PDF
m120-f-p	31/12/2022	19/12/2024	14/01/2025	French	PDF
m120-f-p	31/12/2022	19/12/2024	14/01/2025	Dutch	PDF
Full model	31/12/2021	18/03/2022	12/04/2022	French	PDF
Full model	31/12/2021	18/03/2022	12/04/2022	Dutch	PDF
m120-f-pCorrection	31/12/2021	10/05/2022	11/07/2022	French	PDF
m120-f-pCorrection	31/12/2021	10/05/2022	30/06/2022	Dutch	PDF
m120-f-p	31/12/2021	10/05/2022	18/05/2022	Dutch	PDF
m120-f-p	31/12/2021	10/05/2022	18/05/2022	French	PDF
Full model	31/12/2020	19/03/2021	13/04/2021	Dutch	PDF
Full model	31/12/2020	19/03/2021	13/04/2021	French	PDF
m120-f-p	31/12/2020	05/05/2021	17/05/2021	Dutch	PDF
m120-f-p	31/12/2020	05/05/2021	17/05/2021	French	PDF

View all 82 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 M€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 73 ended

Active mandates

Caroline GODDEERIS

Director · since 16 août 2023 · until 01 juillet 2027

Active

Dieter BERCKVENS

Director · since 16 août 2023 · until 01 janvier 2028

Active

Lieve SCHUERMANS

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Nathalie OMBELETS

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Nicolas PIRE

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Pierre HARKAY

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Isabelle CALLENS

Director · since 20 juillet 2021 · until 20 juillet 2027

Active

Kathleen VAN DEN NESTE

Director · since 20 juillet 2021 · until 20 juillet 2027

Active

Koen SCHOORS

Vice-chairman of the board of directors · since 01 juillet 2021 · until 01 juillet 2027

Active

Koenraad VAN LOO

Managing director · since 01 juillet 2021 · until 01 juillet 2027

Active

Laurence BOVY

Chairman of the board of directors · since 01 juillet 2021 · until 01 juillet 2027

Active

Olivier HENIN

Vice-chairman of the board of directors · since 01 juillet 2021 · until 01 juillet 2027

Active

Ended mandates

Ariel GONZALEZ

Director · since 01 janvier 2022 · until 01 janvier 2028

Ended

Renaat BERCKMOES

Director · since 01 juillet 2021 · until 01 juillet 2027

Ended

Eddy PEETERS

Government commissioner · since 01 décembre 2020

Ended

Pascal LIZIN

Chairman of the board of directors · since 02 mai 2018 · until 31 décembre 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2026
DEMISSIONS, NOMINATIONS
PDF
Restructuring08/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/05/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring20/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/03/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring09/01/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/01/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

15/04/2026
nominationDieter Berckvens — membre du conseil d'administration
15/04/2026
nominationCatherine de Bolle — membre du conseil d'administration
15/04/2026
nominationDamien De Vroey — membre du conseil d'administration
15/04/2026
nominationCaroline Goddeeris — membre du conseil d'administration
15/04/2026
nominationDiane Govaerts — membre du conseil d'administration
15/04/2026
nominationOlivier Henin — membre du conseil d'administration
15/04/2026
nominationAxel Miller — membre du conseil d'administration
15/04/2026
nominationJean-Albert Nyssens — membre du conseil d'administration
15/04/2026
nominationJeroen Overmeer — membre du conseil d'administration
15/04/2026
nominationDieter Berckvens — lid van de raad van bestuur
15/04/2026
nominationCatherine De Bolle — lid van de raad van bestuur
15/04/2026
nominationDamien De Vroey — lid van de raad van bestuur
15/04/2026
nominationCaroline Goddeeris — lid van de raad van bestuur
15/04/2026
nominationDiane Govaerts — lid van de raad van bestuur
15/04/2026
nominationOlivier Henin — lid van de raad van bestuur
15/04/2026
nominationAxel Miller — lid van de raad van bestuur
15/04/2026
nominationJean-Albert Nyssens — lid van de raad van bestuur
15/04/2026
nominationJeroen Overmeer — lid van de raad van bestuur
2025
Annual accounts 2025290,9 M €↓
16/12/2025
autre
29/09/2025
ouverture_faillite
29/04/2025
reconductionMichaël Vanloubbeeck — Uitvoerend Comité
29/04/2025
reconductionCéline Vaessen — Uitvoerend Comité
29/04/2025
reconductionTom Feys — Uitvoerend Comité
29/04/2025
reconductionMichaël Vanioubbeeck — membre du Comité exécutif
29/04/2025
reconductionCéline Vaessen — membre du Comité exécutif
29/04/2025
reconductionTom Feys — membre du Comité exécutif
20/03/2025
nominationFORVIS MAZARS BEDRIJFSREVISOREN - FORVIS MAZARS REVISEURS D' ENTREPRISES BV — commissaris
20/03/2025
nominationFORVIS MAZARS BEDRIJFSREVISOREN - FORVIS MAZARS REVISEURS D' ENTREPRISES SRL — commissaire
2025
Name changeSFPIM
22/05/2024
apportÉtat belge
22/05/2024
apportÉtat belge
22/05/2024
augmentation_capitalBelgische Staat
22/05/2024
augmentation_capitalBelgische Staat
16/08/2023
nominationCaroline Goddeeris — lid van de raad van bestuur
16/08/2023
nominationDieter Berckvens — lid van de raad van bestuur
16/08/2023
nominationCaroline Goddeeris — membre du conseil d'administration
16/08/2023
nominationDieter Berckvens — membre du conseil d'administration
2022
Annual accounts 2022515,5 M €↑
10/05/2022
reconductionMazars Reviseurs d'entreprises SCRL — commissaire
2022
Name changeSOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (S.F.P.I) FEDERALE PARTICIPATIE EN INVESTERI
2020
Annual accounts 202017,0 M €↓
2019
Annual accounts 201954,8 M €↓
2018
Annual accounts 2018149,8 M €↑
2017
Annual accounts 2017115,2 M €↑
2016
Annual accounts 2016111,6 M €↑
2015
Annual accounts 201583,7 M €↓
2014
Annual accounts 2014109,3 M €↓
2013
Annual accounts 2013181,6 M €↑
2012
Annual accounts 201223,2 M €↓
2011
Annual accounts 201148,3 M €↓
2010
Annual accounts 201060,1 M €↓
2009
Annual accounts 200960,9 M €↑
2008
Annual accounts 200845,4 M €
16/09/1994
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Overview

What does SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT do?

Trend over 15 financial years

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