ACTIVE

Ferrero

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Financial year 2025 · closed on 31/08/2025

Net result

4,2 M €

+19.6% YoY

Revenue

252,9 M €

+10.1% YoY

Equity

7,9 M €

+9.5% YoY

Workforce

136,5 ETP

-2.3% YoY

What does Ferrero do?

Ferrero is a Public limited company incorporated in 1958. Its registered office is in Watermael-Boitsfort. It employs on average 136,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.214.359

Incorporation

29/04/1958

Legal form

Public limited company

Registered office

Chaussée de La Hulpe 187
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

3 375 000,00 €

Latest accounts

31/08/2025

Average workforce

136,5 ETP

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	252,9 M €	+10.1%	229,7 M €	+11.9%	205,3 M €	+11.3%	184,5 M €	-2.6%	189,4 M €	+8.3%	174,9 M €	+3.9%	168,3 M €	-0.5%	169,1 M €	-11.0%	190 M €	-1.6%	193,1 M €	+14.5%	168,7 M €	+14.5%	147,4 M €	+7.3%	137,4 M €	-19.3%	170,2 M €	+6.7%	159,5 M €	+8.2%	147,3 M €	+6.9%	137,8 M €
EBITDA	4,3 M €	-48.2%	8,3 M €	+443%	-2,4 M €	-124%	10,2 M €	+117%	4,7 M €	-9.2%	5,2 M €	+28.7%	4 M €	+4.5%	3,8 M €	-9.4%	4,2 M €	-32.7%	6,3 M €	-12.2%	7,2 M €	-8.3%	7,8 M €	-3.3%	8,1 M €	-6.9%	8,7 M €	-16.3%	10,4 M €	+32.0%	7,9 M €	+49.4%	5,3 M €
Operating result	5,5 M €	+21.1%	4,6 M €	+33.0%	3,4 M €	+8.3%	3,2 M €	-18.9%	3,9 M €	-3.0%	4 M €	+26.8%	3,2 M €	+5.8%	3 M €	-12.2%	3,4 M €	-38.7%	5,6 M €	-9.7%	6,1 M €	-11.4%	6,9 M €	-7.6%	7,5 M €	-11.2%	8,5 M €	-8.9%	9,3 M €	+33.6%	7 M €	+47.1%	4,7 M €
Net result	4,2 M €	+19.6%	3,5 M €	+39.4%	2,5 M €	+25.2%	2 M €	+13.2%	1,8 M €	-37.2%	2,8 M €	+23.0%	2,3 M €	+23.0%	1,9 M €	-12.6%	2,1 M €	-34.0%	3,2 M €	-20.9%	4,1 M €	-6.4%	4,4 M €	-6.1%	4,7 M €	-10.0%	5,2 M €	-13.1%	5,9 M €	+31.6%	4,5 M €	+57.0%	2,9 M €
Balance sheet
Equity	7,9 M €	+9.5%	7,2 M €	-54.8%	16 M €	-17.9%	19,5 M €	-13.3%	22,5 M €	+8.6%	20,7 M €	+15.8%	17,9 M €	-11.0%	20,1 M €	+10.3%	18,2 M €	+13.3%	16,1 M €	+25.2%	12,8 M €	+46.7%	8,7 M €	+99.9%	4,4 M €	+16.9%	3,7 M €	-14.5%	4,4 M €	-1.2%	4,4 M €	-25.1%	5,9 M €
Total assets	95,3 M €	+16.2%	82 M €	-4.3%	85,6 M €	+13.0%	75,8 M €	+4.0%	72,9 M €	-4.3%	76,2 M €	+6.2%	71,8 M €	+24.4%	57,7 M €	-25.4%	77,3 M €	+9.4%	70,7 M €	+1.6%	69,5 M €	-6.5%	74,3 M €	+42.1%	52,3 M €	+12.4%	46,5 M €	-2.0%	47,5 M €	+39.3%	34,1 M €	+3.3%	33 M €
Cash	1,7 M €	+0.3%	1,7 M €	+109%	817,8 k €	-15.7%	970,5 k €	+2.6%	946,1 k €	+49.9%	631,1 k €	+467%	111,3 k €	-83.4%	668,8 k €	+13.3%	590,1 k €	+26.9%	465,1 k €	-29.9%	663,2 k €	+508%	109,1 k €	+2.2%	106,8 k €	-51.2%	219 k €	-38.8%	357,9 k €	-76.9%	1,5 M €	+252%	440,4 k €
Debts	84,7 M €	+23.3%	68,7 M €	+3.9%	66,1 M €	+37.6%	48 M €	+1.3%	47,4 M €	-10.9%	53,2 M €	+5.4%	50,5 M €	+41.1%	35,8 M €	-38.1%	57,8 M €	+9.3%	52,9 M €	-5.1%	55,8 M €	-12.4%	63,6 M €	+37.2%	46,4 M €	+11.8%	41,5 M €	-2.2%	42,4 M €	+48.3%	28,6 M €	+11.5%	25,6 M €
Other
Workforce	136,5 ETP	-2.3%	139,7 ETP	+11.0%	125,9 ETP	-1.8%	128,2 ETP	+2.9%	124,6 ETP	-0.6%	125,4 ETP	+6.3%	118,0 ETP	-1.1%	119,3 ETP	+5.7%	112,9 ETP	+3.2%	109,4 ETP	-0.8%	110,3 ETP	-4.8%	115,9 ETP	+8.5%	106,8 ETP	+11.6%	95,7 ETP	+10.9%	86,3 ETP	-5.0%	90,8 ETP	+2.6%	88,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/08/2025 · 5 active · 76 ended

Active mandates

Alberto CECI

Director · since 13 février 2025 · until 29 janvier 2026

Active

Francesco CLAVARINO

Director · since 13 février 2025 · until 29 janvier 2026

Active

Frédérik DE NEVE

Director · since 13 février 2025 · until 29 janvier 2026

Active

Maria CRIVARO

Director · since 13 février 2025 · until 29 janvier 2026

Active

Simon BOULANGER

Director · since 13 février 2025 · until 29 janvier 2026

Active

Ended mandates

Alberto CECI

Director · since 19 juillet 2024 · until 13 février 2025

Ended

Simon BOULANGER

Director · since 19 juillet 2024 · until 13 février 2025

Ended

Déborah ARENA

Director · since 25 janvier 2024 · until 19 juillet 2024

Ended

Francesco CLAVARINO

Director · since 25 janvier 2024 · until 13 février 2025

Ended

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Annual accounts

Full financial information

	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	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/02/2026	11/03/2025	18/03/2024	06/03/2023	28/02/2022	09/02/2021
General meeting	29/01/2026	13/02/2025	25/01/2024	15/02/2023	10/02/2022	04/02/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/08/2025	29/01/2026	23/02/2026	French	PDF
Full model	31/08/2024	13/02/2025	11/03/2025	French	PDF
Full model	31/08/2023	25/01/2024	18/03/2024	French	PDF
Full model	31/08/2022	15/02/2023	06/03/2023	French	PDF
Full model	31/08/2021	10/02/2022	28/02/2022	French	PDF
Full model	31/08/2020	04/02/2021	09/02/2021	French	PDF
Full model	31/08/2019	05/02/2020	18/02/2020	French	PDF
Full model	31/08/2018	06/02/2019	25/02/2019	French	PDF
Full model	31/08/2017	25/01/2018	08/02/2018	French	PDF
Full model	31/08/2016	26/01/2017	23/02/2017	French	PDF
Full model	31/08/2015	28/01/2016	10/02/2016	French	PDF
Full model	31/08/2014	30/11/2014	15/12/2014	French	PDF
Full model	31/08/2013	30/01/2014	24/02/2014	French	PDF
Full model	31/08/2012	28/02/2013	29/03/2013	French	PDF
Full model	31/08/2011	26/01/2012	27/09/2012	French	PDF
Full model	31/08/2010	27/01/2011	27/09/2012	French	PDF
Full model	31/08/2009	28/01/2010	16/03/2011	French	PDF
Full model	31/08/2008	29/01/2009	31/03/2010	French	PDF
Full model	31/08/2007	11/03/2008	01/07/2009	French	PDF
Full model	31/08/2006	25/01/2007	03/07/2007	French	PDF
Full model	31/08/2005	26/01/2006	08/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/08/2025 · 5 active · 76 ended

Active mandates

Alberto CECI

Director · since 13 février 2025 · until 29 janvier 2026

Active

Francesco CLAVARINO

Director · since 13 février 2025 · until 29 janvier 2026

Active

Frédérik DE NEVE

Director · since 13 février 2025 · until 29 janvier 2026

Active

Maria CRIVARO

Director · since 13 février 2025 · until 29 janvier 2026

Active

Simon BOULANGER

Director · since 13 février 2025 · until 29 janvier 2026

Active

Ended mandates

Alberto CECI

Director · since 19 juillet 2024 · until 13 février 2025

Ended

Simon BOULANGER

Director · since 19 juillet 2024 · until 13 février 2025

Ended

Déborah ARENA

Director · since 25 janvier 2024 · until 19 juillet 2024

Ended

Francesco CLAVARINO

Director · since 25 janvier 2024 · until 13 février 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates01/06/2021
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 20254,2 M €↑
15/02/2025
nominationGriet Helsen — représentant permanent du commissaire
13/02/2025
reconductionFrederik DE NEVE — administrateur
13/02/2025
reconductionSimon BOULANGER — administrateur
13/02/2025
reconductionFrancesco CLAVARINO — administrateur
13/02/2025
reconductionAlberto CECI — administrateur
10/02/2025
nominationMaria CRIVARO — administrateur
2024
Annual accounts 20243,5 M €↑
19/07/2024
nominationSimon BOULANGER — administrateur
19/07/2024
nominationAlberto CECI — administrateur
15/07/2024
nominationMélanie Adorante — représentant permanent du commissaire
23/11/2023
reconductionPricewaterhouseCoopers Réviseurs d'Entreprises — commissaire
2023
Annual accounts 20232,5 M €↑
2022
Annual accounts 20222 M €↑
24/08/2022
nominationDeborah ARENA — administrateur
2021
Annual accounts 20211,8 M €↓
2020
Annual accounts 20202,8 M €↑
2019
Annual accounts 20192,3 M €↑
2018
Annual accounts 20181,9 M €↓
2017
Annual accounts 20172,1 M €↓
2016
Annual accounts 20163,2 M €↓
2015
Annual accounts 20154,1 M €↓
2014
Annual accounts 20144,4 M €↓
2013
Annual accounts 20134,7 M €↓
2012
Annual accounts 20125,2 M €↓
2011
Annual accounts 20115,9 M €↑
2010
Annual accounts 20104,5 M €↑
2009
Annual accounts 20092,9 M €
29/04/1958
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

Ferrero

Overview

What does Ferrero do?

Trend over 17 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