ACTIVE

ATENOR

Financial year 2025 · Closed on 31/12/2025

Net result-159,4 M €-895,6 %over 1 year
Revenue6,2 M €-90,6 %over 1 year
Equity366,4 M €-23,7 %over 1 year
Workforce19,3 ETP-5,4 %over 1 year

Identity

Source · BCE/KBO

ATENOR is a Public limited company incorporated in 1950. Its main activity is: Activities of holding companies. Its registered office is in La Hulpe. It employs on average 19,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.209.303
Incorporation
15/09/1950
Legal form
Public limited company
Registered office
Avenue Reine Astrid 92
1310 La Hulpe · WallonieSee on map
Contributed capital
368 433 217,14 €
Latest accounts
31/12/2025
Average workforce
19,3 ETP
Joint committees (2)
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
Solid equityHealthy social debtsHigh revenue

Financials

Source · NBB, 41 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue6,2 M €66,2 M €5,2 M €4,8 M €5,3 M €
EBITDA-12,3 M €-176,3 k €-11,7 M €-8 M €-6,7 M €
Operating result-13 M €-2,3 M €-11,9 M €-10,2 M €-1,9 M €
Net result-159,4 M €-16 M €7,5 M €37,3 M €68,4 M €
Balance sheet
Equity366,4 M €480,5 M €496,9 M €300,4 M €282,3 M €
Total assets795,5 M €1,1 Md €1,2 Md €1,1 Md €1 Md €
Cash40 M €2,2 M €8,8 M €4 M €76,1 M €
Debts423,3 M €585,8 M €709 M €780,1 M €745,9 M €
Other
Workforce19,3 ETP20,4 ETP20,3 ETP24,5 ETP24,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 16 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
STÉPHAN SONNEVILLE0461.220.350Represented by Stéphan SONNEVILLE
Managing director27/04/2007 → 28/04/2028
Bernadette de Bethune
Director26/04/2024 → 23/04/2027
Christian DELAIRE
Director27/04/2018 → 23/04/2027
Frank DONCK
Chairman of the board of directors28/04/2006 → 23/04/2027Director28/04/2006 → 2006 accountsended
INVESTEA0554.946.205Represented by Emmanuèle ATTOUT
Director24/04/2015 → 23/04/2027
MOROXCO0719.795.230Represented by Cédric Van Quickenborne
Director26/04/2024 → 23/04/2027
Realize0759.664.804Represented by Olivier Lambrecht
Director26/04/2024 → 23/04/2027
JOHN PENNING
Director28/04/2023 → 24/04/2026
TRIONNA0556.982.017Represented by Laure le Hardÿ de Beaulieu
Director28/04/2023 → 24/04/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
SOCIETE DE CONSEIL EN GESTION ET STRATEGIE D'ENTREPRISES0834.585.822Represented by Nadine LEMAITRE
Director28/04/2023 → 2023 accounts
LUXEMPART MANAGEMENT sàrlRepresented by JOHN PENNING
Director22/04/2022 → 2023 accounts
MG PRAXIS0508.828.247Represented by Michèle GREGOIRE
Director23/04/2021 → 2023 accounts

Other companies at this address

Avenue Reine Astrid 92 1310 La Hulpe
CompanyCBE no.
0673.857.416
ADRIEN INVEST● Active
0881.981.210
0445.868.715
APC GROUP● Active
1016.958.490
0862.523.505
0536.995.859
0842.295.540
0712.644.053
0401.965.921
ATLANTIS-REALTY● Active
0663.915.213
AVbyS● Liquidation
0704.842.283
0762.455.731
0471.730.202
BILOBA● Active
0733.509.149
BuildFive● Active
1042.222.339
BUZZYNEST● Judicial reorganisation
1007.112.297
B-WAW● Active
1022.764.535
C5M● Active
0728.896.701
Cat-One● Active
0753.558.554
Citendo● Active
0743.396.914

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 date11/05/202629/04/202523/05/202414/12/202324/05/202225/05/2021
General meeting24/04/202625/04/202526/04/202428/04/202322/04/202223/04/2021
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, 41 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/04/202611/05/2026FrenchPDF
Consolidated accounts31/12/202524/04/202611/05/2026FrenchPDF
Full model31/12/202425/04/202529/04/2025FrenchPDF
Consolidated accounts31/12/202425/04/202512/05/2025FrenchPDF
Full model31/12/202326/04/202423/05/2024FrenchPDF
Consolidated accounts31/12/202326/04/202430/05/2024FrenchPDF
Full modelCorrection31/12/202228/04/202314/12/2023FrenchPDF
Full model31/12/202228/04/202326/05/2023FrenchPDF
Consolidated accounts31/12/202228/04/202330/05/2023FrenchPDF
Full model31/12/202122/04/202224/05/2022FrenchPDF
Consolidated accounts31/12/202122/04/202224/05/2022FrenchPDF
Full model31/12/202023/04/202125/05/2021FrenchPDF
Consolidated accounts31/12/202023/04/202125/05/2021FrenchPDF
Full model31/12/201924/04/202020/05/2020FrenchPDF
Consolidated accounts31/12/201924/04/202020/05/2020FrenchPDF
Full model31/12/201826/04/201924/05/2019FrenchPDF
Consolidated accounts31/12/201801/01/999924/05/2019FrenchPDF
Full model31/12/201727/04/201816/05/2018FrenchPDF
Consolidated accounts31/12/201727/04/201805/06/2018FrenchPDF
Full model31/12/201628/04/201710/05/2017FrenchPDF
Consolidated accounts31/12/201628/04/201718/05/2017FrenchPDF
Full model31/12/201522/04/201612/05/2016FrenchPDF
Consolidated accounts31/12/201522/04/201624/05/2016FrenchPDF
Full model31/12/201424/04/201527/04/2015FrenchPDF

View all 41 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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

9 active · 16 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
STÉPHAN SONNEVILLE0461.220.350Represented by Stéphan SONNEVILLE
Managing director27/04/2007 → 28/04/2028
Bernadette de Bethune
Director26/04/2024 → 23/04/2027
Christian DELAIRE
Director27/04/2018 → 23/04/2027
Frank DONCK
Chairman of the board of directors28/04/2006 → 23/04/2027Director28/04/2006 → 2006 accountsended
INVESTEA0554.946.205Represented by Emmanuèle ATTOUT
Director24/04/2015 → 23/04/2027
MOROXCO0719.795.230Represented by Cédric Van Quickenborne
Director26/04/2024 → 23/04/2027
Realize0759.664.804Represented by Olivier Lambrecht
Director26/04/2024 → 23/04/2027
JOHN PENNING
Director28/04/2023 → 24/04/2026
TRIONNA0556.982.017Represented by Laure le Hardÿ de Beaulieu
Director28/04/2023 → 24/04/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
SOCIETE DE CONSEIL EN GESTION ET STRATEGIE D'ENTREPRISES0834.585.822Represented by Nadine LEMAITRE
Director28/04/2023 → 2023 accounts
LUXEMPART MANAGEMENT sàrlRepresented by JOHN PENNING
Director22/04/2022 → 2023 accounts
MG PRAXIS0508.828.247Represented by Michèle GREGOIRE
Director23/04/2021 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates08/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other05/05/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates17/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/05/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other07/05/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Capital / shares19/03/2025
    CAPITAL, ACTIONS - DIVERS
    PDF
  • Capital / shares17/03/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS
    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
Incorporation1950
Name
Registered office
Annual accounts
Filings20 filings
Mandates
STÉPHAN SONNEVILLE
INVESTEA
MOROXCO
Realize
Frank DONCK
Christian DELAIRE
Bernadette de Bethune
TRIONNA
JOHN PENNING
SOCIETE DE CONSEIL EN GESTION ET STRATEGIE D'ENTREPRISES
LUXEMPART MANAGEMENT sàrl
MG PRAXIS
196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028
ATENORATENOR GROUP
Avenue Reine Astrid 92, 1310 La Hulpe
Managing director
Director
Director
Director
Chairman of the board of directors
Director
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue Reine Astrid 92, 1310 La HulpeCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00111129

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
ATENORCurrent
accounts 2015 → 2025
Accounts 2025 · 2026-00111255
ATENOR GROUP
accounts 2010 → 2014
Accounts 2014 · 2015-11800326

Events

  1. 24/04/2026
    reconductionSRL Trionna · Administrateur non-exécutif indépendant
  2. 24/04/2026
    nominationLionel de Hemptinne · Administrateur non-exécutif
  3. 24/04/2026
    nominationVANDERSTRAETEN Caroline Françoise Marthe Michèle · mandataire spécial
  4. 24/04/2026
    nominationHODAC Alexander · mandataire spécial
  5. 2025
    Annual accounts 2025-159,4 M €↓
  6. 25/04/2025
    reconductionStéphan Sonneville · Administrateur
  7. 10/03/2025
    augmentation_capital
  8. 10/03/2025
    apport
  9. 02/03/2025
    augmentation_capital3D SA
  10. 02/03/2025
    augmentation_capitalStéphan Sonneville SA
  11. 02/03/2025
    augmentation_capitalLuxempart S.A.
  12. 02/03/2025
    augmentation_capitalMidelCo SA
  13. 02/03/2025
    augmentation_capitalVandewiele Group SA
  14. 2024
    Annual accounts 2024-16 M €↓
  15. 26/04/2024
    reconductionFrank Donck · Administrateur
  16. 26/04/2024
    reconductionSAL Investea · Administrateur indépendant
  17. 26/04/2024
    reconductionChristian Delaire · Administrateur indépendant
  18. 26/04/2024
    nominationBernadette de Bethune · Administrateur indépendant
  19. 26/04/2024
    nominationBVBA Moroxco · Administrateur indépendant
  20. 26/04/2024
    nominationBV Realize · Administrateur indépendant
  21. 26/04/2024
    nominationSRL BDO Réviseurs d'Entreprises · commissaire
  22. 26/04/2024
    augmentation_capital
  23. 2023
    Annual accounts 20237,5 M €↓
  24. 30/11/2023
    augmentation_capital
  25. 30/11/2023
    apport
  26. 08/11/2023
    augmentation_capital
  27. 11/09/2023
    augmentation_capital
  28. 27/06/2023
    augmentation_capital
  29. 25/05/2023
    augmentation_capital
  30. 28/04/2023
    reconductionSRL Sogestra · Administrateur
  31. 28/04/2023
    nominationSRL Trionna · Administrateur indépendant
  32. 28/04/2023
    nominationJohn Penning · Administrateur
  33. 2022
    Annual accounts 202237,3 M €↓
  34. 22/04/2022
    reconductionsàrl Luxempart Management · Administrateur
  35. 22/04/2022
    reconductionStéphan Sonneville SA · Administrateur
  36. 2021
    Annual accounts 202168,4 M €↑
  37. 2020
    Annual accounts 202026,1 M €↑
  38. 2019
    Annual accounts 201916,4 M €↓
  39. 2018
    Annual accounts 201869,6 M €↑
  40. 2017
    Annual accounts 2017-6,5 M €↓
  41. 2016
    Annual accounts 20166,9 M €↑
  42. 2015
    Annual accounts 20156,3 M €↓
  43. 2015
    Name changeATENOR
  44. 2014
    Annual accounts 201413,5 M €↑
  45. 2013
    Annual accounts 20138 M €↑
  46. 2012
    Annual accounts 20124,7 M €↓
  47. 2011
    Annual accounts 201113,3 M €↑
  48. 2010
    Annual accounts 201010,5 M €↑
  49. 2009
    Annual accounts 20092 M €↑
  50. 2008
    Annual accounts 2008-5,8 M €↓
  51. 2007
    Annual accounts 200769,5 M €↑
  52. 2006
    Annual accounts 20068,9 M €
  53. 15/09/1950
    IncorporationPublic limited company