ACTIVE

Carfin

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Financial year 2025 · closed on 31/12/2025

Net result

21,4 M €

+61.7% YoY

Revenue

300,0 €

Equity

293,6 M €

+119.4% YoY

Workforce

2,0 ETP

0.0% YoY

What does Carfin do?

Carfin is a Public limited company incorporated in 1970. Its main activity is: Other monetary intermediation. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.899.747

Incorporation

28/12/1970

Legal form

Public limited company

Registered office

Boulevard de Lauzelle 65
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

266 554 150,44 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

64190Other monetary intermediation· main 64190Other monetary intermediation 65120Non-life insurance 23700Cutting, shaping and finishing of stone 23700Cutting, shaping and finishing of stone 26700Manufacture of optical instruments and photographic equipment

Joint committees (1)

Signals

ProfitablePositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	300,0 €		–		2,3 k €		–		4,1 M €		–		1,4 k €	-100.0%	14,1 M €	+7233%	192,4 k €	+11.1%	173,2 k €	-5.7%	183,6 k €	-39.5%	303,2 k €	+51.6%	200,0 k €	+6.8%	187,2 k €	+17.7%	159,1 k €	-14.5%	186,1 k €	-51.9%	386,7 k €	+62.7%	237,7 k €	-18.1%	290,0 k €
EBITDA	-315,8 k €	-246%	-91,4 k €	-813%	12,8 k €	-53.3%	27,5 k €	-98.6%	1,9 M €	-94.3%	34,0 M €	+2296%	1,4 M €	-73.4%	5,3 M €	+33.7%	4,0 M €	+48.7%	2,7 M €	-21.3%	3,4 M €	-10.8%	3,8 M €	-46.9%	7,2 M €	-28.6%	10,1 M €	+78.4%	5,6 M €	-6.2%	6,0 M €	+2.0%	5,9 M €	-41.2%	10,0 M €	+150%	4,0 M €
Operating result	-1,9 M €	-1755%	-104,6 k €	-760%	-12,2 k €	-116%	77,0 k €	-96.0%	1,9 M €	-94.3%	33,6 M €	+6317%	523,1 k €	-87.4%	4,2 M €	+46.1%	2,9 M €	+55.4%	1,8 M €	-39.8%	3,0 M €	-11.9%	3,5 M €	-49.8%	6,9 M €	-28.3%	9,6 M €	+80.3%	5,3 M €	-8.0%	5,8 M €	+0.8%	5,7 M €	-41.9%	9,9 M €	+157%	3,8 M €
Net result	21,4 M €	+61.7%	13,2 M €	+10.6%	12,0 M €	-24.9%	15,9 M €	-8.6%	17,4 M €	-28.4%	24,3 M €	+252%	6,9 M €	-59.5%	17,1 M €	-14.6%	20,0 M €	+11.8%	17,9 M €	+268%	4,9 M €	-90.6%	51,5 M €	+107%	24,9 M €	+2247%	-1,2 M €	+16.7%	-1,4 M €	-17.1%	-1,2 M €	+96.3%	-31,9 M €	-1403%	-2,1 M €	-150%	4,2 M €
Balance sheet
Equity	293,6 M €	+119%	133,9 M €	-21.6%	170,6 M €	-9.6%	188,7 M €	+9.2%	172,8 M €	+11.2%	155,3 M €	+91.7%	81,0 M €	-49.3%	159,8 M €	+12.0%	142,7 M €	+16.3%	122,7 M €	-17.5%	148,8 M €	+3.4%	143,9 M €	-33.8%	217,4 M €	+12.9%	192,5 M €	-0.6%	193,7 M €	+104%	95,1 M €	-1.2%	96,3 M €	-24.9%	128,1 M €	-1.6%	130,3 M €
Total assets	1,1 Md €	+134%	452,4 M €	-15.4%	534,5 M €	+16.6%	458,6 M €	+2.7%	446,4 M €	+15.0%	388,3 M €	-7.7%	420,9 M €	-56.0%	955,5 M €	-1.3%	968,4 M €	-1.2%	979,8 M €	+159%	378,6 M €	-5.0%	398,6 M €	-32.7%	592,5 M €	+23.0%	481,6 M €	+97.6%	243,7 M €	+52.3%	160,0 M €	+23.4%	129,7 M €	-75.2%	522,1 M €	+75.5%	297,5 M €
Cash	108,0 M €	+1.2%	106,8 M €	+91.4%	55,8 M €	+70.2%	32,8 M €	-45.6%	60,2 M €	+30.3%	46,2 M €	-12.8%	53,0 M €	+912%	5,2 M €	-49.5%	10,4 M €	-69.1%	33,6 M €	+263%	9,3 M €	-81.3%	49,4 M €	+366%	10,6 M €	+161%	4,1 M €	+1236%	304,4 k €	+573%	45,2 k €	+176%	16,4 k €	-68.6%	52,2 k €	+102%	25,8 k €
Debts	760,8 M €	+140%	317,2 M €	-12.6%	362,7 M €	+34.8%	269,1 M €	+8.4%	248,3 M €	+49.8%	165,7 M €	-46.3%	308,8 M €	-59.4%	760,5 M €	-3.9%	791,6 M €	-2.1%	808,3 M €	+328%	188,8 M €	-13.1%	217,4 M €	-30.1%	311,1 M €	+39.4%	223,2 M €	+2642%	8,1 M €	-79.3%	39,3 M €	+18.5%	33,2 M €	-91.6%	393,7 M €	+142%	163,0 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	-10.0%	2,0 ETP		–		–		42,8 ETP		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 67 ended

Active mandates

Damien Gregoire

Director · since 10 juin 2025 · until 26 mai 2028

Active

DZH

Managing director · since 10 juin 2025 · until 26 mai 2028 · 0807.169.662

Represented by Baron Rodolphe Collinet

Active

KAORIS

Director · since 10 juin 2025 · until 26 mai 2028 · 0757.883.368

Represented by Barbara Jonnart

Active

Kristel Verleyen

Director · since 10 juin 2025 · until 26 mai 2028

Active

SEDIAM

Director · since 10 juin 2025 · until 26 mai 2028 · 0840.646.243

Represented by Sébastien DOSSOGNE

Active

Ended mandates

Damien Gregoire

Director · since 15 juin 2023 · until 23 mai 2025

Ended

Damien Gregoire

Director · since 15 juin 2023 · until 10 juin 2025

Ended

DZH

Managing director · since 15 juin 2023 · until 23 mai 2025 · 0807.169.662

Represented by Rodolphe Baron Collinet

Ended

DZH

Managing director · since 15 juin 2023 · until 10 juin 2025 · 0807.169.662

Represented by Baron Rodolphe Collinet

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	01/01/2025	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	18/06/2026	23/06/2025	25/06/2024	20/07/2023	27/07/2022	22/07/2021
General meeting	08/06/2026	10/06/2025	11/06/2024	15/06/2023	10/06/2022	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	08/06/2026	18/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	23/06/2025	French	PDF
Full model	31/12/2023	11/06/2024	25/06/2024	French	PDF
Full model	31/12/2022	15/06/2023	20/07/2023	French	PDF
Full model	31/12/2021	10/06/2022	27/07/2022	French	PDF
Full model	31/12/2020	25/06/2021	22/07/2021	French	PDF
Full model	31/12/2019	29/06/2020	15/09/2020	French	PDF
Full model	31/12/2018	11/06/2019	09/08/2019	French	PDF
Full model	31/12/2017	25/05/2018	16/01/2019	French	PDF
Full model	31/12/2016	16/06/2017	20/07/2017	French	PDF
Full model	31/12/2015	27/05/2016	14/07/2016	French	PDF
Full model	31/12/2014	22/05/2015	22/06/2015	French	PDF
Full model	31/12/2013	23/05/2014	30/06/2014	French	PDF
Full model	31/12/2012	24/05/2013	20/06/2013	French	PDF
Full model	31/12/2011	25/05/2012	26/06/2012	French	PDF
Full model	31/12/2010	27/05/2011	13/07/2011	French	PDF
Full model	31/12/2009	28/05/2010	24/06/2010	French	PDF
Full model	31/12/2008	22/05/2009	31/07/2009	French	PDF
Full model	31/12/2007	23/05/2008	09/07/2008	French	PDF
Full model	31/12/2006	25/05/2007	06/07/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 67 ended

Active mandates

Damien Gregoire

Director · since 10 juin 2025 · until 26 mai 2028

Active

DZH

Managing director · since 10 juin 2025 · until 26 mai 2028 · 0807.169.662

Represented by Baron Rodolphe Collinet

Active

KAORIS

Director · since 10 juin 2025 · until 26 mai 2028 · 0757.883.368

Represented by Barbara Jonnart

Active

Kristel Verleyen

Director · since 10 juin 2025 · until 26 mai 2028

Active

SEDIAM

Director · since 10 juin 2025 · until 26 mai 2028 · 0840.646.243

Represented by Sébastien DOSSOGNE

Active

Ended mandates

Damien Gregoire

Director · since 15 juin 2023 · until 23 mai 2025

Ended

Damien Gregoire

Director · since 15 juin 2023 · until 10 juin 2025

Ended

DZH

Managing director · since 15 juin 2023 · until 23 mai 2025 · 0807.169.662

Represented by Rodolphe Baron Collinet

Ended

DZH

Managing director · since 15 juin 2023 · until 10 juin 2025 · 0807.169.662

Represented by Baron Rodolphe Collinet

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other10/04/2026
OBJET
PDF
Capital / shares18/11/2025
CAPITAL, ACTIONS
PDF
Mandates01/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates16/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates12/03/2021
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 202521,4 M €↑
23/10/2025
augmentation_capital
2024
Annual accounts 202413,2 M €↑
2023
Annual accounts 202312,0 M €↓
31/07/2023
nominationSEDIAM — Administrateur
31/07/2023
reconductionDeloitte Réviseurs d'Entreprise — commissaire
2022
Annual accounts 202215,9 M €↓
2021
Annual accounts 202117,4 M €↓
2020
Annual accounts 202024,3 M €↑
2019
Annual accounts 20196,9 M €↓
2017
Annual accounts 201717,1 M €↓
2016
Annual accounts 201620,0 M €↑
2015
Annual accounts 201517,9 M €↑
2014
Annual accounts 20144,9 M €↓
2013
Annual accounts 201351,5 M €↑
2012
Annual accounts 201224,9 M €↑
2011
Annual accounts 2011-1,2 M €↑
2010
Annual accounts 2010-1,4 M €↓
2009
Annual accounts 2009-1,2 M €↑
2008
Annual accounts 2008-31,9 M €↓
2007
Annual accounts 2007-2,1 M €↓
2006
Annual accounts 20064,2 M €
28/12/1970
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

Carfin

Overview

What does Carfin do?

Trend over 19 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