ACTIVE

FIVANCO

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Financial year 2025 · Closed on 31/12/2025

Net result140,2 k €+111,4 %over 1 year

Revenue120,5 k €-4,1 %over 1 year

Equity56,6 M €+0,2 %over 1 year

Workforce2,8 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	-1,1 M €	-129%	-477,8 k €	+39.6%	-790,7 k €	-54.3%	-512,5 k €	-13.4%	-451,9 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 €
Net result	140,2 k €	+111%	-1,2 M €	-6370%	-19,1 k €	+39.6%	-31,6 k €	-106%	532,2 k €
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 €
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 €
Cash	1,1 M €	+158%	421,1 k €	-23.7%	551,6 k €	-87.7%	4,5 M €	+679%	577,9 k €
Debts	37,8 M €	+26.5%	29,9 M €	+2.4%	29,2 M €	+28.5%	22,7 M €	+8.4%	21 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

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DAVHOLD0886.327.897Represented by David Vanbiervliet	Director26/09/2014 → 30/06/2028
Fransiska Bulkens	Director24/06/2022 → 30/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David Vanbiervliet	Director11/01/2017 → 2019 accountsManaging director11/01/2017 → 2018 accounts
Caroline Vanbiervliet	Director27/09/2013 → 19/03/2014

Other companies at this address

Beneluxpark(Kor) 29 8500 Kortrijk

Company	CBE no.
A+D Projects● Active	1015.652.257
ART OF BUILDING● Active	0680.449.654
August● Active	0771.340.634
BLUEBELL PROJECTS● Active	0696.785.345
BM EDMUND● Active	0725.870.301
Bovanco● Active	0568.756.728
Centrimo● Active	0413.457.055
Centrimo Construct● Active	0536.534.120
CONAFIN● Active	0453.412.642
DAVHOLD● Active	0886.327.897
INAFZO● Active	0426.971.927
KN DEVELOPMENT● Active	0884.481.335
Navi Holdco● Active	1002.587.644
REËSTAKIC● Active	1010.984.379
Royal● Active	0776.468.865
TV CENTRIMO CONSTRUCT - GOETHALS PROMOTOR● Active	0670.807.458
VAN2INVEST● Active	0703.957.704
Whoon-Art of Building● Active	0803.227.997
YOUNG & Partners/NaviTrans International● Active	0468.966.690

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	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

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	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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DAVHOLD0886.327.897Represented by David Vanbiervliet	Director26/09/2014 → 30/06/2028
Fransiska Bulkens	Director24/06/2022 → 30/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David Vanbiervliet	Director11/01/2017 → 2019 accountsManaging director11/01/2017 → 2018 accounts
Caroline Vanbiervliet	Director27/09/2013 → 19/03/2014

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

DAVHOLD

Fransiska Bulkens

David Vanbiervliet

MAVAN

TIMECO

ORION - MARKE

JVM

WOODROW & BLUM

Vandaele Herman

Caroline Vanbiervliet

Aloïs DE WAELE

Herman VANDAELE

19701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

FIVANCO

Beneluxpark(Kor) 29 bte 0021, 8500 KortrijkIeperstraat 188, 8980 Zonnebeke

Director

DirectorManaging director

Managing directorChairman of the board of directors

Director

Managing director

Director

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Beneluxpark(Kor) 29 bte 0021, 8500 KortrijkCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00280232
Ieperstraat 188, 8980 Zonnebeke	accounts 2021 → 2022	Accounts 2022 · 2023-00250671

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FIVANCOCurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00280232

Events

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

FIVANCO

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

Registered offices

Company names

Events