ACTIVE

FIVANCO

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Financial year 2025 · closed on 31/12/2025

Net result

140,2 k €

+111.4% YoY

Revenue

120,5 k €

-4.1% YoY

Equity

56,6 M €

+0.2% YoY

Workforce

2,8 ETP

0.0% YoY

What does FIVANCO do?

FIVANCO is a Public limited company incorporated in 1970. Its main activity is: Activities of holding companies. Its registered office is in Kortrijk. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.099.793

Incorporation

21/05/1970

Legal form

Public limited company

Registered office

Beneluxpark(Kor) 29 box 0021
8500 Kortrijk · FlandreSee on map

Contributed capital

1 250 000,00 €

Latest accounts

31/12/2025

Average workforce

2,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	120,5 k €	-4.1%	125,7 k €	-32.9%	187,3 k €	+9.2%	171,5 k €	+4.1%	164,8 k €	-1.5%	167,4 k €	-41.0%	283,8 k €	+8.4%	261,8 k €	-55.8%	592,4 k €	-1.2%	599,3 k €	+9.7%	546,2 k €	-44.3%	981,1 k €	+1.3%	968,3 k €	+56.9%	617,1 k €	+7.4%	574,4 k €	-31.2%	835 k €	+41.2%	591,6 k €	-80.5%	3 M €	+62.8%	1,9 M €	+227%	568,5 k €
EBITDA	-1,1 M €	-129%	-477,8 k €	+39.6%	-790,7 k €	-54.3%	-512,5 k €	-13.4%	-451,9 k €	+4.8%	-474,8 k €	-27.5%	-372,4 k €	-30.7%	-284,9 k €	-459%	-51 k €	-245%	35,2 k €	+110%	-338,1 k €	-223%	273,8 k €	+126%	-1,1 M €	-45.5%	-721,7 k €	-7.0%	-674,5 k €	-10.5%	-610,2 k €	+12.9%	-700,5 k €	-190%	781,7 k €	+188%	-889 k €	+2.6%	-912,9 k €
Operating result	-1,1 M €	-123%	-496,8 k €	+37.7%	-797,8 k €	-53.8%	-518,6 k €	-13.1%	-458,7 k €	+5.4%	-485 k €	-27.1%	-381,7 k €	-21.5%	-314,1 k €	-273%	-84,2 k €	-973%	9,6 k €	+102%	-388,7 k €	-294%	200,3 k €	+117%	-1,2 M €	-51.2%	-790,2 k €	-6.1%	-744,9 k €	-9.2%	-681,9 k €	+11.7%	-772,4 k €	-134%	-329,5 k €	+66.6%	-987,6 k €	+1.8%	-1 M €
Net result	140,2 k €	+111%	-1,2 M €	-6370%	-19,1 k €	+39.6%	-31,6 k €	-106%	532,2 k €	-93.6%	8,3 M €	+7228%	-116,8 k €	-105%	2,2 M €	+47.5%	1,5 M €	+36.4%	1,1 M €	-34.8%	1,7 M €	+221%	524,1 k €	+80.5%	290,4 k €	+111%	-2,6 M €	+43.3%	-4,5 M €	-1121%	-371,2 k €	+80.3%	-1,9 M €	+47.5%	-3,6 M €	-151%	7 M €	+353%	1,6 M €
Balance sheet
Equity	56,6 M €	+0.2%	56,4 M €	-2.1%	57,7 M €	-0.0%	57,7 M €	-0.1%	57,7 M €	+0.3%	57,6 M €	+15.8%	49,7 M €	-1.2%	50,3 M €	+3.7%	48,5 M €	+3.0%	47,1 M €	+2.4%	46,1 M €	+3.8%	44,4 M €	-34.0%	67,2 M €	+0.4%	66,9 M €	-3.7%	69,5 M €	-6.1%	74 M €	-0.8%	74,6 M €	-2.7%	76,7 M €	-4.7%	80,5 M €	+9.2%	73,7 M €
Total assets	95,9 M €	+9.8%	87,3 M €	-0.4%	87,7 M €	+8.5%	80,8 M €	+2.4%	78,9 M €	+4.8%	75,2 M €	+14.9%	65,4 M €	+4.6%	62,6 M €	-4.7%	65,7 M €	-1.2%	66,4 M €	-1.3%	67,3 M €	+10.0%	61,2 M €	-28.5%	85,6 M €	-3.9%	89,1 M €	-3.6%	92,4 M €	-5.0%	97,3 M €	-2.2%	99,4 M €	+0.9%	98,6 M €	+3.7%	95 M €	+4.7%	90,7 M €
Cash	1,1 M €	+158%	421,1 k €	-23.7%	551,6 k €	-87.7%	4,5 M €	+679%	577,9 k €	-50.9%	1,2 M €	+89.3%	621,3 k €	+54.4%	402,4 k €	-79.0%	1,9 M €	+172%	703,6 k €	-86.9%	5,4 M €	+82.8%	2,9 M €	+101%	1,5 M €	+381%	302,5 k €	+495%	50,8 k €	-71.4%	177,5 k €	+144%	72,7 k €	-71.1%	251,7 k €	-91.2%	2,8 M €	+225%	876,1 k €
Debts	37,8 M €	+26.5%	29,9 M €	+2.4%	29,2 M €	+28.5%	22,7 M €	+8.4%	21 M €	+19.6%	17,5 M €	+12.5%	15,6 M €	+29.0%	12,1 M €	-29.1%	17 M €	-8.9%	18,7 M €	-9.8%	20,7 M €	+27.5%	16,3 M €	-9.5%	18 M €	-17.5%	21,8 M €	-3.4%	22,6 M €	-1.7%	22,9 M €	-6.5%	24,5 M €	+14.1%	21,5 M €	+51.5%	14,2 M €	-14.8%	16,7 M €
Other
Workforce	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	-20.0%	3,5 ETP	0.0%	3,5 ETP	-2.8%	3,6 ETP	-5.3%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	-15.6%	4,5 ETP	+4.7%	4,3 ETP	-17.3%	5,2 ETP	0.0%	5,2 ETP	0.0%	5,2 ETP	0.0%	5,2 ETP	+4.0%	5,0 ETP	-2.0%	5,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 35 ended

Active mandates

DAVHOLD

Director · since 24 juin 2022 · until 30 juin 2028 · 0886.327.897

Represented by David Vanbiervliet

Active

Fransiska Bulkens

Director · since 24 juin 2022 · until 30 juin 2028

Active

Ended mandates

Fransiska Bulkens

Director · since 24 juin 2022 · until 24 juin 2028

Ended

DAVHOLD

Director · since 26 septembre 2019 · 0886.327.897

Represented by David Vanbiervliet

Ended

David Vanbiervliet

Director · since 28 juin 2019 · until 29 avril 2020

Ended

David Vanbiervliet

Director · since 11 janvier 2017 · until 28 juin 2019

Ended

At this address

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DAVHOLD● Active	0886.327.897
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REËSTAKIC● Active	1010.984.379
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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	01/01/2025	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	09/07/2026	14/07/2025	04/07/2024	19/07/2023	19/07/2022	29/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	14/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	19/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	19/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	07/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	16/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	01/08/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	24/07/2017	Dutch	PDF
Full model	31/03/2016	30/09/2016	21/10/2016	Dutch	PDF
Full model	31/03/2015	25/09/2015	19/10/2015	Dutch	PDF
Full model	31/03/2014	26/09/2014	16/10/2014	Dutch	PDF
Full model	31/03/2013	27/09/2013	29/10/2013	Dutch	PDF
Full model	31/03/2012	28/09/2012	19/10/2012	Dutch	PDF
Full model	31/03/2011	30/09/2011	05/10/2011	Dutch	PDF
Full model	31/03/2010	24/09/2010	29/10/2010	Dutch	PDF
Full model	31/03/2009	25/09/2009	29/10/2009	Dutch	PDF
Full model	31/03/2008	26/09/2008	27/10/2008	Dutch	PDF
Full model	31/03/2007	28/09/2007	29/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2025 · 2 active · 35 ended

Active mandates

DAVHOLD

Director · since 24 juin 2022 · until 30 juin 2028 · 0886.327.897

Represented by David Vanbiervliet

Active

Fransiska Bulkens

Director · since 24 juin 2022 · until 30 juin 2028

Active

Ended mandates

Fransiska Bulkens

Director · since 24 juin 2022 · until 24 juin 2028

Ended

DAVHOLD

Director · since 26 septembre 2019 · 0886.327.897

Represented by David Vanbiervliet

Ended

David Vanbiervliet

Director · since 28 juin 2019 · until 29 avril 2020

Ended

David Vanbiervliet

Director · since 11 janvier 2017 · until 28 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other14/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office08/06/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2017
ONTSLAGEN - BENOEMINGEN
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 2025140,2 k €↑
2024
Annual accounts 2024-1,2 M €↓
24/05/2024
reconductionBDO Bedrijfsrevisoren - BDO Réviseurs d'entreprises BV — commissaris
2023
Annual accounts 2023-19,1 k €↑
30/06/2023
nominationVeerle Catry — vaste vertegenwoordiger van de commissaris
2022
Annual accounts 2022-31,6 k €↓
24/06/2022
nominationFransiska Bulkens — bestuurder
2021
Annual accounts 2021532,2 k €↓
2020
Annual accounts 20208,3 M €↑
2019
Annual accounts 2019-116,8 k €↓
2018
Annual accounts 20182,2 M €↑
2017
Annual accounts 20171,5 M €↑
2016
Annual accounts 20161,1 M €↓
2016
Annual accounts 20161,7 M €↑
2015
Annual accounts 2015524,1 k €↑
2014
Annual accounts 2014290,4 k €↑
2013
Annual accounts 2013-2,6 M €↑
2012
Annual accounts 2012-4,5 M €↓
2011
Annual accounts 2011-371,2 k €↑
2010
Annual accounts 2010-1,9 M €↑
2009
Annual accounts 2009-3,6 M €↓
2008
Annual accounts 20087 M €↑
2007
Annual accounts 20071,6 M €
21/05/1970
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

FIVANCO

Overview

What does FIVANCO do?

Trend over 20 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