ACTIVE

FONCIERE ETEL

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Financial year 2025 · Closed on 31/12/2025

Net result331,7 k €-18,6 %over 1 year

Revenue774,2 k €+0,7 %over 1 year

Equity2,8 M €-8,7 %over 1 year

Identity

Source · BCE/KBO

FONCIERE ETEL is a Public limited company incorporated in 1968. Its registered office is in Etterbeek.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0400.558.926
Incorporation: 01/01/1968
Legal form: Public limited company
Registered office: Rue des Tongres 39
1040 Etterbeek · BruxellesSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	774,2 k €	+0.7%	768,7 k €	+25.0%	615 k €	+13.8%	540,6 k €	+163%	205,7 k €
EBITDA	617,6 k €	-1.8%	628,7 k €	+55.5%	404,3 k €	-8.6%	442,2 k €	+355%	97,1 k €
Operating result	443,3 k €	-17.8%	539,5 k €	+112%	254,7 k €	+18.5%	215 k €	+630%	-40,5 k €
Net result	331,7 k €	-18.6%	407,4 k €	+101%	202,5 k €	+21.1%	167,3 k €	+647%	-30,6 k €
Balance sheet
Equity	2,8 M €	-8.7%	3,1 M €	+8.9%	2,8 M €	-1.4%	2,9 M €	+6.2%	2,7 M €
Total assets	4 M €	+8.4%	3,7 M €	-7.2%	3,9 M €	+14.9%	3,4 M €	+7.5%	3,2 M €
Cash	41,8 k €	-25.5%	56,1 k €	-55.1%	125 k €	+950%	11,9 k €	-4.3%	12,4 k €
Debts	860,1 k €	+218%	270,3 k €	-66.4%	803,8 k €	+234%	240,3 k €	+55.9%	154,2 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 40 ended

Active mandates

Nortex SAS

Director · since 03 juin 2024 · until 19 avril 2027

Represented by Vanessa Milchior

Active

Alexis Gurdjian

Director · since 19 mai 2023 · until 02 juin 2026

Active

Laurent Milchior

Director · since 19 mai 2023 · until 02 juin 2026

Active

Ended mandates

Alexis Gurdjian

Director · since 19 mai 2023 · until 19 mai 2026

Ended

Laurent Milchior

Director · since 19 mai 2023 · until 19 mai 2026

Ended

ETAM SCE

Director · since 12 mai 2022 · until 18 avril 2025

Represented by Laurent Milchior

Ended

Nortex SAS

Director · since 07 mai 2021 · until 19 avril 2024

Represented by Marie-Claire Tarica

Ended

Other companies at this address

Rue des Tongres 39 1040 Etterbeek

Company	CBE no.
ECOPHONES● Active	0781.850.286
INVESTINT● Active	0465.095.796
JCL● Active	0876.619.484
Lingerie Nouveau Monde● Active	1005.404.703
Livy Belgium● Active	0741.529.861
RETINVEST● Active	0660.765.186
Société Belge Etam● Active	0400.558.827

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	11/07/2026	17/07/2025	28/06/2024	15/06/2023	27/05/2022	26/05/2021
General meeting	29/06/2026	30/04/2025	28/06/2024	19/05/2023	12/05/2022	07/05/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	11/07/2026	French	PDF
Full model	31/12/2024	30/04/2025	17/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	28/06/2024	French	PDF
Full model	31/12/2022	19/05/2023	15/06/2023	French	PDF
Full model	31/12/2021	12/05/2022	27/05/2022	French	PDF
Full model	31/12/2020	07/05/2021	26/05/2021	French	PDF
Full model	31/12/2019	30/07/2020	05/08/2020	French	PDF
Full model	31/12/2018	19/04/2019	22/05/2019	French	PDF
Full model	31/12/2017	20/04/2018	25/05/2018	French	PDF
Full model	31/12/2016	21/04/2017	01/06/2017	French	PDF
Full model	31/12/2015	16/06/2016	22/09/2016	French	PDF
Full model	31/12/2014	30/06/2015	31/07/2015	French	PDF
Full model	31/12/2013	09/06/2014	28/08/2014	French	PDF
Full model	31/12/2012	19/04/2013	24/09/2013	French	PDF
Full model	31/12/2011	20/04/2012	13/08/2012	French	PDF
Full model	31/12/2010	09/05/2011	12/05/2011	French	PDF
Full model	31/12/2009	30/04/2010	20/05/2010	French	PDF
Full model	31/12/2008	30/04/2009	05/05/2009	French	PDF
Full model	31/12/2007	09/05/2008	14/05/2008	French	PDF
Full model	31/12/2006	17/04/2007	04/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

3 active · 40 ended

Active mandates

Nortex SAS

Director · since 03 juin 2024 · until 19 avril 2027

Represented by Vanessa Milchior

Active

Alexis Gurdjian

Director · since 19 mai 2023 · until 02 juin 2026

Active

Laurent Milchior

Director · since 19 mai 2023 · until 02 juin 2026

Active

Ended mandates

Alexis Gurdjian

Director · since 19 mai 2023 · until 19 mai 2026

Ended

Laurent Milchior

Director · since 19 mai 2023 · until 19 mai 2026

Ended

ETAM SCE

Director · since 12 mai 2022 · until 18 avril 2025

Represented by Laurent Milchior

Ended

Nortex SAS

Director · since 07 mai 2021 · until 19 avril 2024

Represented by Marie-Claire Tarica

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/07/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office24/01/2024
SIEGE SOCIAL
PDF
Mandates21/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2023
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates24/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/10/2020
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025331,7 k €↓
2024
Annual accounts 2024407,4 k €↑
2023
Annual accounts 2023202,5 k €↑
2022
Annual accounts 2022167,3 k €↑
2021
Annual accounts 2021-30,6 k €↓
2020
Annual accounts 2020217,2 k €↓
2019
Annual accounts 2019389,1 k €↑
2018
Annual accounts 2018377,8 k €↑
2017
Annual accounts 2017312,8 k €↑
2009
Annual accounts 2009-30 k €↓
2008
Annual accounts 2008336,6 k €↓
2007
Annual accounts 2007372,6 k €↑
2006
Annual accounts 2006345,2 k €
01/01/1968
IncorporationPublic limited company

FONCIERE ETEL

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