ACTIVE

Fiducre

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Financial year 2025 · Closed on 31/12/2025

Net result26,5 M €-5,9 %over 1 year
Revenue56,4 M €-3,3 %over 1 year
Equity9,9 M €0,0 %over 1 year
Workforce192,5 ETP-1,9 %over 1 year

Identity

Source · BCE/KBO

Fiducre is a Public limited company incorporated in 1965. Its registered office is in Bruxelles. It employs on average 192,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.173.372
Incorporation
12/05/1965
Legal form
Public limited company
Registered office
Avenue Marnix 24
1000 Bruxelles · BruxellesSee on map
Contributed capital
2 739 223,46 €
Latest accounts
31/12/2025
Average workforce
192,5 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 40 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue56,4 M €58,3 M €57,2 M €63,4 M €55,7 M €
EBITDA38,3 M €39,1 M €37,1 M €46,8 M €40,6 M €
Operating result38,3 M €39,1 M €36,8 M €46,5 M €40,1 M €
Net result26,5 M €28,1 M €27,3 M €34,6 M €29,7 M €
Balance sheet
Equity9,9 M €9,9 M €10,5 M €13,4 M €11,7 M €
Total assets162,9 M €144,9 M €130,4 M €124,3 M €121,4 M €
Cash3,8 M €3,1 M €2,3 M €3,1 M €2,8 M €
Debts152,1 M €134,3 M €119,8 M €110,7 M €109,5 M €
Other
Workforce192,5 ETP196,3 ETP201,9 ETP193,7 ETP206,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 94 ended

Active mandates

Francisco DIAS GUERRA SCHRAM

Mandate

Active
Gregory DEKIMPE

Mandate

Active
Jean DOBBENI

Mandate

Active
Renaat HUYSMAN

Mandate

Active
Sandra Simundza Bilandzic

Mandate

Active

Ended mandates

Martine VAN OUDENHOVE

Managing director · since 12 mai 2020 · until 14 avril 2025

Ended
Gordana HULINA

Director · since 15 janvier 2020 · until 10 avril 2023

Ended
Alain MALSCHAERT

Director · since 13 mai 2019 · until 14 avril 2025

Ended
Alain MALSCHAERT

Managing director · since 13 mai 2019 · until 12 mai 2025

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/04/202629/04/202530/04/202409/05/202309/05/202226/04/2021
General meeting13/04/202614/04/202508/04/202411/04/202311/04/202212/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 40 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202513/04/202622/04/2026FrenchPDF
Full model31/12/202513/04/202622/04/2026DutchPDF
Full model31/12/202414/04/202529/04/2025DutchPDF
Full model31/12/202414/04/202529/04/2025FrenchPDF
Full model31/12/202308/04/202430/04/2024DutchPDF
Full model31/12/202308/04/202430/04/2024FrenchPDF
Full model31/12/202211/04/202309/05/2023DutchPDF
Full model31/12/202211/04/202309/05/2023FrenchPDF
Full model31/12/202111/04/202209/05/2022DutchPDF
Full model31/12/202111/04/202206/05/2022FrenchPDF
Full model31/12/202012/04/202126/04/2021DutchPDF
Full model31/12/202012/04/202126/04/2021FrenchPDF
Full model31/12/201911/05/202008/06/2020DutchPDF
Full model31/12/201911/05/202008/06/2020FrenchPDF
Full model31/12/201813/05/201906/06/2019DutchPDF
Full model31/12/201813/05/201906/06/2019FrenchPDF
Full model31/12/201714/05/201811/06/2018DutchPDF
Full model31/12/201714/05/201811/06/2018FrenchPDF
Full model31/12/201608/05/201715/05/2017DutchPDF
Full model31/12/201608/05/201715/05/2017FrenchPDF
Full model31/12/201509/05/201617/05/2016DutchPDF
Full model31/12/201509/05/201617/05/2016FrenchPDF
Full model31/12/201411/05/201505/06/2015DutchPDF
Full model31/12/201411/05/201505/06/2015FrenchPDF
Full model31/12/201312/05/201402/06/2014DutchPDF
Full model31/12/201312/05/201402/06/2014FrenchPDF
Full model31/12/201213/05/201311/06/2013DutchPDF
Full model31/12/201213/05/201311/06/2013FrenchPDF
Full model31/12/201114/05/201229/05/2012DutchPDF
Full model31/12/201114/05/201229/05/2012FrenchPDF
Full model31/12/201009/05/201120/05/2011DutchPDF
Full model31/12/201009/05/201120/05/2011FrenchPDF
Full model31/12/200910/05/201021/05/2010DutchPDF
Full model31/12/200910/05/201021/05/2010FrenchPDF
Full model31/12/200811/05/200925/05/2009DutchPDF
Full model31/12/200811/05/200925/05/2009FrenchPDF
Full model31/12/200713/05/200822/05/2008DutchPDF
Full model31/12/200713/05/200822/05/2008FrenchPDF
Full model31/12/200614/05/200705/06/2007DutchPDF
Full model31/12/200614/05/200705/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

5 active · 94 ended

Active mandates

Francisco DIAS GUERRA SCHRAM

Mandate

Active
Gregory DEKIMPE

Mandate

Active
Jean DOBBENI

Mandate

Active
Renaat HUYSMAN

Mandate

Active
Sandra Simundza Bilandzic

Mandate

Active

Ended mandates

Martine VAN OUDENHOVE

Managing director · since 12 mai 2020 · until 14 avril 2025

Ended
Gordana HULINA

Director · since 15 janvier 2020 · until 10 avril 2023

Ended
Alain MALSCHAERT

Director · since 13 mai 2019 · until 14 avril 2025

Ended
Alain MALSCHAERT

Managing director · since 13 mai 2019 · until 12 mai 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates02/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/12/2025
    DIVERSEN
    PDF
  • Other11/12/2025
    DIVERS
    PDF
  • Other13/11/2025
    DIVERSEN
    PDF
  • Other13/11/2025
    DIVERS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 13/04/2026
    nominationDeloitte Bedrijfsrevisoren — Réviseurs d'Entreprises BV/SRL — commissaire
  2. 2025
    Annual accounts 202526,5 M €↓
  3. 12/12/2025
    nominationGregory Dekimpe — bestuurder
  4. 12/12/2025
    nominationGregory Dekimpe — administrateur
  5. 01/10/2025
    nominationJean Dobbeni — administrateur
  6. 01/10/2025
    nominationJean Dobbeni — voorzitter van de raad van bestuur
  7. 28/04/2025
    nominationRenaat Huysman — bestuurder, gedelegeerd bestuurder en CEO
  8. 28/04/2025
    nominationRenaat Huysman — administrateur délégué et CEO
  9. 14/04/2025
    nominationKPMG, Bedrijfsrevisoren - Réviseurs d'Entreprises BV/SRL — commissaire
  10. 25/01/2025
    nominationDeclerck Ann — administrateur
  11. 25/01/2025
    nominationSimundza Bilandzic Sandra — administrateur
  12. 25/01/2025
    nominationLebegge Cédric — président
  13. 25/01/2025
    nominationSchram Francisco — administrateur
  14. 25/01/2025
    nominationVan Oudenhove Martine — administrateur délégué
  15. 25/01/2025
    nominationDeclerck Ann — bestuurder
  16. 25/01/2025
    nominationSimundza Bilandzic Sandra — bestuurder
  17. 25/01/2025
    nominationLebegge Cédric — voorzitter
  18. 25/01/2025
    nominationSchram Francisco — bestuurder
  19. 25/01/2025
    nominationVan Oudenhove Martine — gedelegeerd bestuurder
  20. 01/01/2025
    nominationKPMG, Bedrijfsrevisoren — Réviseurs d'Entreprises BV/SRL — commissaris
  21. 2024
    Annual accounts 202428,1 M €↑
  22. 01/01/2024
    nominationFrancisco Schram — administrateur
  23. 01/01/2024
    nominationFrancisco Schram — bestuurder
  24. 2023
    Annual accounts 202327,3 M €↓
  25. 06/12/2023
    nominationSali Salieski — administrateur
  26. 06/12/2023
    nominationSali Salieski — bestuurder
  27. 05/10/2023
    nominationSandra Simundza Bilandzic — administrateur
  28. 05/10/2023
    nominationSandra Simundza Bilandzic — bestuurder
  29. 11/04/2023
    reconductionGordana Hulina — administrateur
  30. 11/04/2023
    reconductionGordana Hulina — bestuurder
  31. 2022
    Annual accounts 202234,6 M €↑
  32. 11/04/2022
    reconductionStéphane Nolf — Commissaris
  33. 11/04/2022
    nominationKPMG, Réviseurs d'entreprises — Commissaire
  34. 2021
    Annual accounts 202129,7 M €↓
  35. 01/10/2021
    autre
  36. 2020
    Annual accounts 202031,1 M €↑
  37. 2019
    Annual accounts 201930,9 M €↑
  38. 2018
    Annual accounts 201829,9 M €↑
  39. 2017
    Annual accounts 201720 M €↑
  40. 2016
    Annual accounts 201619,8 M €↑
  41. 2015
    Annual accounts 201511 M €↑
  42. 2014
    Annual accounts 20148,8 M €↓
  43. 2013
    Annual accounts 20139,8 M €↓
  44. 2012
    Annual accounts 201210,8 M €↓
  45. 2011
    Annual accounts 201112 M €↓
  46. 2010
    Annual accounts 201012,7 M €↓
  47. 2009
    Annual accounts 200912,8 M €↓
  48. 2008
    Annual accounts 200813,5 M €↑
  49. 2007
    Annual accounts 200712,3 M €↑
  50. 2006
    Annual accounts 200611,9 M €
  51. 12/05/1965
    IncorporationPublic limited company