ACTIVE

SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Financial year 2025 · Closed on 31/12/2025

Net result290,9 M €-43,6 %over 1 year

Equity11,4 Md €+28,3 %over 1 year

Workforce38,4 ETP+56,1 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 82 filings

Trend over 15 financial years

	2025		2022		2020		2019		2018
Income statement
EBITDA	-16,1 M €	+3.6%	-16,7 M €	-154%	-6,6 M €	-561%	-998,5 k €	-102%	46,9 M €
Operating result	-16,9 M €	-0.2%	-16,9 M €	-136%	-7,2 M €	-374%	-1,5 M €	-103%	46,2 M €
Net result	290,9 M €	-43.6%	515,5 M €	+2937%	17 M €	-69.0%	54,8 M €	-63.4%	149,8 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 €
Total assets	11,7 Md €	+15.9%	10,1 Md €	+294%	2,6 Md €	+7.1%	2,4 Md €	+1.2%	2,4 Md €
Cash	35,3 M €	-93.8%	567 M €	-0.3%	568,4 M €	-7.5%	614,5 M €	-16.6%	736,9 M €
Debts	230,7 M €	-80.0%	1,2 Md €	+524%	185,2 M €	+561%	28 M €	-32.4%	41,4 M €
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

Valuation

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

12 active · 23 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Caroline GODDEERIS	Director16/08/2023 → 01/07/2027
Dieter BERCKVENS	Director16/08/2023 → 01/01/2028
Lieve SCHUERMANS	Director21/06/2017 → 01/01/2028
Nathalie OMBELETS	Director01/01/2022 → 01/01/2028
Nicolas PIRE	Director01/01/2016 → 01/01/2028
Pierre HARKAY	Director01/01/2022 → 01/01/2028
Isabelle CALLENS	Director20/07/2021 → 20/07/2027
Kathleen VAN DEN NESTE	Director20/07/2021 → 20/07/2027
Koen SCHOORS	Vice-chairman of the board of directors01/07/2021 → 01/07/2027
Koenraad VAN LOO	Managing director01/11/2006 → 01/07/2027
Laurence BOVY	Chairman of the board of directors01/11/2013 → 01/07/2027Director01/11/2013 → 31/10/2018ended
Olivier HENIN	Vice-chairman of the board of directors01/11/2006 → 01/07/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ariel GONZALEZ	Director01/01/2022 → 2022 accounts
Renaat BERCKMOES	Director01/07/2021 → 2022 accounts
Eddy PEETERS	Government commissioner01/12/2020 → 2020 accounts
Pascal LIZIN	Chairman of the board of directors02/05/2018 → 2020 accounts

Other companies at this address

Avenue Louise 32 1050 Bruxelles

Company	CBE no.
ACKER INVEST● Active	0471.216.694
Avenue Louise 418● Active	1026.416.683
BARLOW RETAIL INVEST● Active	0568.859.369
Belgische Uitvoervereniging● Active	0409.056.126
B FLY CONSTRUCT● Bankrupt	0872.247.160
Capitole Invest● Active	0848.312.807
CASAMAX● Active	0629.762.503
EDELVALK● Active	0456.701.338
EURIS.BE● Liquidation	0872.908.047
FRED AND CO● Active	0663.582.938
Glaszwaan● Active	0773.990.912
Immo Grand Place 5-7● Active	0473.645.060
IMMO NOORD NIEUWSTRAAT● Active	0860.442.755
IMMO RUE NEUVE 13-15● Active	0476.812.111
KABEG● Active	0890.763.668
Les Maitres Imprimeurs de Belgique● Active	0409.422.053
Louiseville● Active	0403.305.412
Masergy Invest Brussels● Active	0716.800.504
POG VvP2● Active	0417.095.050
Prosilio● Active	1000.538.766

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Consolidated accounts	Consolidated accounts	Full model	Consolidated accounts	Consolidated accounts
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 82 filings

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
Consolidated accounts	31/12/2024	17/03/2026	16/04/2026	Dutch	PDF
Consolidated accounts	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
Consolidated accounts	31/12/2023	15/04/2025	25/04/2025	Dutch	PDF
Consolidated accounts	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
Consolidated accounts	31/12/2022	19/12/2024	14/01/2025	French	PDF
Consolidated accounts	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
Consolidated accountsCorrection	31/12/2021	10/05/2022	11/07/2022	French	PDF
Consolidated accountsCorrection	31/12/2021	10/05/2022	30/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	10/05/2022	18/05/2022	Dutch	PDF
Consolidated accounts	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
Consolidated accounts	31/12/2020	05/05/2021	17/05/2021	Dutch	PDF
Consolidated accounts	31/12/2020	05/05/2021	17/05/2021	French	PDF
Full model	31/12/2019	19/03/2020	15/04/2020	Dutch	PDF
Full model	31/12/2019	19/03/2020	15/04/2020	French	PDF
Consolidated accounts	31/12/2019	04/05/2020	26/05/2020	Dutch	PDF
Consolidated accounts	31/12/2019	04/05/2020	26/05/2020	French	PDF
Full model	31/12/2018	29/05/2019	11/06/2019	French	PDF
Full model	31/12/2018	29/05/2019	11/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	28/06/2019	15/07/2019	French	PDF
Consolidated accounts	31/12/2018	28/06/2019	15/07/2019	Dutch	PDF
Full modelCorrection	31/12/2017	20/06/2018	07/08/2018	Dutch	PDF
Full modelCorrection	31/12/2017	20/06/2018	07/08/2018	French	PDF
Full model	31/12/2017	20/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2017	20/06/2018	26/06/2018	French	PDF
Consolidated accounts	31/12/2017	20/06/2018	26/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	20/06/2018	26/06/2018	French	PDF
Full model	31/12/2016	21/06/2017	11/07/2017	French	PDF
Full model	31/12/2016	21/06/2017	11/07/2017	Dutch	PDF
Consolidated accounts	31/12/2016	21/06/2017	11/07/2017	French	PDF
Consolidated accounts	31/12/2016	21/06/2017	11/07/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	15/06/2016	Dutch	PDF
Full model	31/12/2015	15/06/2016	15/06/2016	French	PDF
Consolidated accounts	31/12/2015	15/06/2016	15/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	15/06/2016	15/06/2016	French	PDF
Full model	31/12/2014	17/06/2015	19/06/2015	Dutch	PDF
Full model	31/12/2014	17/06/2015	19/06/2015	French	PDF
Consolidated accounts	31/12/2014	17/06/2015	19/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	17/06/2015	19/06/2015	French	PDF
Full model	31/12/2013	18/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2013	18/06/2014	01/07/2014	French	PDF
Consolidated accounts	31/12/2013	18/06/2014	02/07/2014	Dutch	PDF
Consolidated accounts	31/12/2013	18/06/2014	02/07/2014	French	PDF
Full model	31/12/2012	19/06/2013	17/07/2013	Dutch	PDF
Full model	31/12/2012	19/06/2013	16/07/2013	French	PDF
Consolidated accounts	31/12/2012	19/06/2013	17/07/2013	French	PDF
Consolidated accounts	31/12/2012	19/06/2013	17/07/2013	Dutch	PDF
Full model	31/12/2011	20/06/2012	12/07/2012	French	PDF
Full model	31/12/2011	20/06/2012	12/07/2012	Dutch	PDF
Consolidated accounts	31/12/2011	20/07/2012	25/07/2012	Dutch	PDF
Consolidated accounts	31/12/2011	20/07/2012	25/07/2012	French	PDF
Full model	31/12/2010	01/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2010	01/06/2011	28/06/2011	French	PDF
Consolidated accounts	31/12/2010	01/06/2011	29/06/2011	Dutch	PDF
Consolidated accounts	31/12/2010	01/06/2011	29/06/2011	French	PDF
Full model	31/12/2009	02/06/2010	21/06/2010	Dutch	PDF
Full model	31/12/2009	02/06/2010	21/06/2010	French	PDF
Consolidated accounts	31/12/2009	02/06/2010	22/06/2010	Dutch	PDF
Consolidated accounts	31/12/2009	02/06/2010	22/06/2010	French	PDF
Full model	31/12/2008	03/06/2009	30/06/2009	French	PDF
Full model	31/12/2008	03/06/2009	30/06/2009	Dutch	PDF
Consolidated accounts	31/12/2008	03/06/2009	30/06/2009	Dutch	PDF
Consolidated accounts	31/12/2008	03/06/2009	30/06/2009	French	PDF
Full model	31/12/2007	04/06/2008	18/06/2008	French	PDF
Full model	31/12/2007	04/06/2008	18/06/2008	Dutch	PDF
Consolidated accounts	31/12/2007	04/06/2008	18/06/2008	French	PDF
Consolidated accounts	31/12/2007	04/06/2008	18/06/2008	Dutch	PDF
Full model	31/12/2006	06/06/2007	07/06/2007	Dutch	PDF
Full model	31/12/2006	06/06/2007	07/06/2007	French	PDF
Consolidated accounts	31/12/2006	06/06/2007	07/06/2007	Dutch	PDF
Consolidated accounts	31/12/2006	06/06/2007	07/06/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

12 active · 23 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Caroline GODDEERIS	Director16/08/2023 → 01/07/2027
Dieter BERCKVENS	Director16/08/2023 → 01/01/2028
Lieve SCHUERMANS	Director21/06/2017 → 01/01/2028
Nathalie OMBELETS	Director01/01/2022 → 01/01/2028
Nicolas PIRE	Director01/01/2016 → 01/01/2028
Pierre HARKAY	Director01/01/2022 → 01/01/2028
Isabelle CALLENS	Director20/07/2021 → 20/07/2027
Kathleen VAN DEN NESTE	Director20/07/2021 → 20/07/2027
Koen SCHOORS	Vice-chairman of the board of directors01/07/2021 → 01/07/2027
Koenraad VAN LOO	Managing director01/11/2006 → 01/07/2027
Laurence BOVY	Chairman of the board of directors01/11/2013 → 01/07/2027Director01/11/2013 → 31/10/2018ended
Olivier HENIN	Vice-chairman of the board of directors01/11/2006 → 01/07/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ariel GONZALEZ	Director01/01/2022 → 2022 accounts
Renaat BERCKMOES	Director01/07/2021 → 2022 accounts
Eddy PEETERS	Government commissioner01/12/2020 → 2020 accounts
Pascal LIZIN	Chairman of the board of directors02/05/2018 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other22/07/2026
DIVERS
PDF
Other22/07/2026
DIVERS
PDF
Restructuring22/07/2026
MET FUSIE DOOR OVERNEMING GELIJKGESTELDE VERRICHTING VAN
PDF
Restructuring22/07/2026
OPERATION ASSIMILEE A UNE FUSION PAR ABSORPTION DE LA
PDF
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

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

Filings15 filings

Mandates

Dieter BERCKVENS

Caroline GODDEERIS

Pierre HARKAY

Nicolas PIRE

Lieve SCHUERMANS

Nathalie OMBELETS

Isabelle CALLENS

Kathleen VAN DEN NESTE

Laurence BOVY

Koen SCHOORS

Olivier HENIN

Koenraad VAN LOO

and 23 more mandates

1994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

Avenue Louise 32 bte 4, 1050 Ixelles

Director

Chairman of the board of directorsDirector

Vice-chairman of the board of directors

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Louise 32 bte 4, 1050 IxellesCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00081000

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENTCurrent		CBE
SFPIM	accounts 2025	Accounts 2025 · 2026-00081000
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (S.F.P.I) FEDERALE PARTICIPATIE EN INVESTERI	accounts 2022	Accounts 2022 · 2023-00060935

Events

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 €↓
2025
Name changeSFPIM
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
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
2020
Annual accounts 202017 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

SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

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