ACTIVE

FOUNTAIN

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

146,3 k €

-82.8% YoY

Revenue

13,1 M €

+0.5% YoY

Equity

4,2 M €

+3.6% YoY

Workforce

17,7 ETP

+2.9% YoY

What does FOUNTAIN do?

FOUNTAIN is a Public limited company incorporated in 1972. Its main activity is: Wholesale of beverages. Its registered office is in Braine-l'Alleud. It employs on average 17,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.124.393

Incorporation

23/03/1972

Legal form

Public limited company

Registered office

Avenue de l'Artisanat 17
1420 Braine-l'Alleud · WallonieSee on map

Contributed capital

3 819 751,32 €

Latest accounts

31/12/2025

Average workforce

17,7 ETP

Activities (NACE)

46349Wholesale of beverages· main 46349Wholesale of beverages 46389Wholesale of other food, including fish, crustaceans and molluscs 46389Wholesale of other food, including fish, crustaceans and molluscs

Joint committees (4)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	13,1 M €	+0.5%	13 M €	+0.1%	13 M €	+23.7%	10,5 M €	+20.9%	8,7 M €	+16.5%	7,5 M €	-23.9%	9,8 M €	-3.5%	10,2 M €	-3.6%	10,6 M €	-8.1%	11,5 M €	+0.5%	11,4 M €	-14.1%	13,3 M €	-4.6%	13,9 M €	+6.2%	13,1 M €	-5.8%	13,9 M €	-6.8%	15 M €	-16.4%	17,9 M €	+1.2%	17,7 M €	-0.1%	17,7 M €
EBITDA	223,2 k €	-75.4%	907,6 k €	+265%	248,8 k €	+441%	46 k €	+120%	-229,9 k €	+49.6%	-456,5 k €	-167%	680,6 k €	-27.1%	933,7 k €	+238%	275,9 k €	+112%	-2,2 M €	-1453%	163,6 k €	+127%	-604,3 k €	-47.0%	-410,9 k €	-125%	1,6 M €	-21.3%	2,1 M €	-24.9%	2,8 M €	-37.0%	4,4 M €	-4.9%	4,6 M €	+11.1%	4,1 M €
Operating result	108,4 k €	-85.3%	737,9 k €	+578%	108,8 k €	+241%	-77,1 k €	+81.7%	-420,9 k €	+19.8%	-524,9 k €	-202%	512,8 k €	-32.0%	754,7 k €	+579%	111,1 k €	+105%	-2,4 M €	-4399%	56,4 k €	+106%	-941,1 k €	-34.2%	-701,4 k €	-165%	1,1 M €	-12.1%	1,2 M €	-41.6%	2,1 M €	-26.6%	2,9 M €	-33.0%	4,3 M €	+19.4%	3,6 M €
Net result	146,3 k €	-82.8%	850 k €	+520%	137 k €	+492%	-34,9 k €	+91.4%	-404,8 k €	+66.1%	-1,2 M €	-305%	580,6 k €	-27.0%	794,9 k €	+414%	154,6 k €	+102%	-8,1 M €	-26126%	31,2 k €	+100%	-11,2 M €	+9.9%	-12,4 M €	+1.2%	-12,6 M €	-375%	-2,6 M €	-308%	1,3 M €	-17.3%	1,5 M €	-20.2%	1,9 M €	-45.4%	3,5 M €
Balance sheet
Equity	4,2 M €	+3.6%	4 M €	+26.9%	3,2 M €	+4.5%	3 M €	+72.2%	1,8 M €	-18.7%	2,2 M €	-23.9%	2,8 M €	+25.7%	2,3 M €	+54.2%	1,5 M €	+11.8%	1,3 M €	-86.1%	9,4 M €	+0.3%	9,4 M €	-39.8%	15,6 M €	-44.3%	28 M €	-31.0%	40,6 M €	-9.2%	44,7 M €	-0.9%	45,1 M €	+2.1%	44,2 M €	+1.5%	43,6 M €
Total assets	13,9 M €	-1.2%	14,1 M €	+12.0%	12,6 M €	+7.5%	11,7 M €	+21.5%	9,6 M €	+3.2%	9,3 M €	-0.2%	9,3 M €	+12.9%	8,3 M €	-15.2%	9,8 M €	-19.2%	12,1 M €	-47.7%	23,1 M €	-3.3%	23,9 M €	-34.8%	36,7 M €	-19.0%	45,3 M €	-20.6%	57 M €	-2.2%	58,3 M €	+0.3%	58,1 M €	-9.5%	64,2 M €	+7.8%	59,6 M €
Cash	698,7 k €	+91.0%	365,9 k €	+76.1%	207,8 k €	+7.7%	192,9 k €	-67.9%	600,3 k €	-16.9%	722,7 k €	+79.6%	402,4 k €	+95.4%	206 k €	+130%	89,5 k €	-32.5%	132,7 k €	-66.3%	394,1 k €	+5.1%	375,1 k €	+388%	76,8 k €	-91.4%	898,2 k €	+14.6%	783,4 k €	+259%	218,5 k €	+2.0%	214,2 k €	+2349%	8,7 k €	-84.4%	56,1 k €
Debts	9,6 M €	-3.3%	10 M €	+6.8%	9,3 M €	+8.3%	8,6 M €	+10.1%	7,8 M €	+9.6%	7,1 M €	+10.2%	6,5 M €	+8.3%	6 M €	-27.7%	8,3 M €	-23.1%	10,8 M €	-20.9%	13,6 M €	-5.7%	14,4 M €	-31.1%	21 M €	+22.3%	17,1 M €	+5.1%	16,3 M €	+21.0%	13,5 M €	+4.9%	12,9 M €	-35.1%	19,8 M €	+25.3%	15,8 M €
Other
Workforce	17,7 ETP	+2.9%	17,2 ETP	+3.6%	16,6 ETP	-15.3%	19,6 ETP	-21.9%	25,1 ETP	-11.9%	28,5 ETP	0.0%	28,5 ETP	+2.5%	27,8 ETP	-11.5%	31,4 ETP	+9.8%	28,6 ETP	-4.7%	30,0 ETP	+1.0%	29,7 ETP	+8.0%	27,5 ETP	+6.6%	25,8 ETP	-1.9%	26,3 ETP	-4.4%	27,5 ETP	-2.1%	28,1 ETP	-0.4%	28,2 ETP	-4.4%	29,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 76 ended

Active mandates

BERNARD RAZAGHI FINANCE

Director · since 25 mai 2026 · until 28 mai 2029 · 0885.494.489

Represented by Christophe Hossein

Active

Valor Conseil

Director · since 01 avril 2024 · until 28 mai 2029 · 1005.375.997

Represented by Valérie Baïssas-Clar

Active

The Multiplier

Director · since 01 décembre 2023 · until 31 mai 2027 · 0711.949.019

Represented by Axel Vuylsteke

Active

QUAEROQ

Director · since 30 mai 2023 · until 28 mai 2029 · 0862.330.988

Represented by Lynn DE PROFT

Active

Othilie Nicod Conseil

Director · since 30 mai 2022 · until 29 mai 2028

Represented by Othilie NICOD

Active

D.A.R.E. CONSULTING

Director · since 08 septembre 2020 · until 31 mai 2027 · 0874.868.833

Represented by Frédéric TIBERGHIEN

Active

Ended mandates

QUAEROQ

Director · since 30 mai 2023 · until 25 mai 2026 · 0862.330.988

Represented by Dirk DE WEGHE

Ended

Othilie Nicod Conseil

Director · since 30 mai 2022 · until 26 mai 2025

Represented by Othilie NICOD

Ended

D.A.R.E. CONSULTING

Director · since 22 décembre 2020 · until 27 mai 2024 · 0874.868.833

Represented by Frédéric TIBERGHIEN

Ended

RAJA-INVEST

Director · since 22 décembre 2020 · until 29 mai 2023 · 0847.203.146

Represented by Bruno BERLANGE

Ended

At this address

Other companies at this address

Company	CBE no.
FOUNTAIN BENELUX● Active	0401.034.721
Javry● Active	0642.737.737

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	29/06/2026	30/06/2025	19/06/2024	05/06/2023	23/06/2022	13/08/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	01/01/9999
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

45 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	29/06/2026	French	PDF
Consolidated accounts	31/12/2025	26/05/2026	02/07/2026	French	PDF
Full model	31/12/2024	26/05/2025	30/06/2025	French	PDF
Consolidated accounts	31/12/2024	26/05/2025	30/06/2025	French	PDF
Full model	31/12/2023	27/05/2024	19/06/2024	French	PDF
Consolidated accounts	31/12/2023	24/05/2024	21/06/2024	French	PDF
Full model	31/12/2022	30/05/2023	05/06/2023	French	PDF
Consolidated accounts	31/12/2022	30/05/2023	26/06/2023	French	PDF
Full modelCorrection	31/12/2021	29/05/2022	05/04/2023	French	PDF
Full model	31/12/2021	30/05/2022	23/06/2022	French	PDF
Consolidated accounts	31/12/2021	30/05/2022	23/06/2022	French	PDF
Full model	31/12/2020	31/05/2021	30/06/2021	French	PDF
Consolidated accounts	31/12/2020	01/01/9999	13/08/2021	French	PDF
Full model	31/12/2019	08/09/2020	16/09/2020	French	PDF
Consolidated accounts	31/12/2019	08/09/2020	29/09/2020	French	PDF
Full model	31/12/2018	27/05/2019	12/06/2019	French	PDF
Consolidated accounts	31/12/2018	27/05/2019	24/06/2019	French	PDF
Full model	31/12/2017	28/05/2018	25/06/2018	French	PDF
Consolidated accounts	31/12/2017	28/05/2018	17/08/2018	French	PDF
Full model	31/12/2016	29/05/2017	26/06/2017	French	PDF
Consolidated accounts	31/12/2016	29/05/2017	13/07/2017	French	PDF
Full model	31/12/2015	30/05/2016	23/06/2016	French	PDF
Consolidated accounts	31/12/2015	30/05/2016	23/12/2016	French	PDF
Full model	31/12/2014	26/05/2015	28/07/2015	French	PDF

View all 45 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 6 active · 76 ended

Active mandates

BERNARD RAZAGHI FINANCE

Director · since 25 mai 2026 · until 28 mai 2029 · 0885.494.489

Represented by Christophe Hossein

Active

Valor Conseil

Director · since 01 avril 2024 · until 28 mai 2029 · 1005.375.997

Represented by Valérie Baïssas-Clar

Active

The Multiplier

Director · since 01 décembre 2023 · until 31 mai 2027 · 0711.949.019

Represented by Axel Vuylsteke

Active

QUAEROQ

Director · since 30 mai 2023 · until 28 mai 2029 · 0862.330.988

Represented by Lynn DE PROFT

Active

Othilie Nicod Conseil

Director · since 30 mai 2022 · until 29 mai 2028

Represented by Othilie NICOD

Active

D.A.R.E. CONSULTING

Director · since 08 septembre 2020 · until 31 mai 2027 · 0874.868.833

Represented by Frédéric TIBERGHIEN

Active

Ended mandates

QUAEROQ

Director · since 30 mai 2023 · until 25 mai 2026 · 0862.330.988

Represented by Dirk DE WEGHE

Ended

Othilie Nicod Conseil

Director · since 30 mai 2022 · until 26 mai 2025

Represented by Othilie NICOD

Ended

D.A.R.E. CONSULTING

Director · since 22 décembre 2020 · until 27 mai 2024 · 0874.868.833

Represented by Frédéric TIBERGHIEN

Ended

RAJA-INVEST

Director · since 22 décembre 2020 · until 29 mai 2023 · 0847.203.146

Represented by Bruno BERLANGE

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2026
DEMISSIONS, NOMINATIONS
PDF
Other29/05/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates12/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/11/2022
CAPITAL, ACTIONS
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 2025146,3 k €↓
12/09/2025
nominationOthilie Nicod — administrateur
26/05/2025
reconductionSparaxis s.a. — administrateur
2024
Annual accounts 2024850 k €↑
01/09/2024
nominationLynn De Proft — représentant permanent (pour le mandat d'administrateur de Quaeroq SA)
27/05/2024
reconductionFrédéric Tiberghien — administrateur
27/05/2024
reconductionChristophe Colson — commissaire aux comptes
01/04/2024
nominationValérie Clar-Baïssas — administrateur indépendant
2023
Annual accounts 2023137 k €↑
01/12/2023
nominationAxel Vuylsteke — administrateur indépendant
01/12/2023
nominationIsabelle Devos — administrateur
30/05/2023
reconductionValérie Clar-Baïssas — administrateur
30/05/2023
reconductionBruno Berlengé — représentant permanent de Raja-Invest BV (administrateur)
30/05/2023
nominationDirk De Weghe — représentant permanent de QuaeroQ nv (administrateur)
2022
Annual accounts 2022-34,9 k €↑
14/10/2022
augmentation_capitalQuaeroQ NV
14/10/2022
augmentation_capitalFrédéric Tiberghien-Dumolein
14/10/2022
augmentation_capitalD.A.R.E. Consulting SRL
14/10/2022
augmentation_capitalRaja-Invest BV
14/10/2022
augmentation_capitalAlychlo NV
14/10/2022
augmentation_capitalFrédéric Ullens de Schooten
14/10/2022
augmentation_capitalIndivision Ullens de Schooten
14/10/2022
augmentation_capitalPascal Wuillaume
14/10/2022
augmentation_capitalJeroen Barbé
14/10/2022
augmentation_capitalJean Dragonetti
14/10/2022
augmentation_capitalRodolphe Ullens de Schooten
14/10/2022
augmentation_capitalJean Ullens de Schooten
14/10/2022
augmentation_capitalMichel Milcent
14/10/2022
augmentation_capitalXavier van Steenberge
14/10/2022
augmentation_capitalCedric Anciaux
14/10/2022
augmentation_capitalPierre-Yves Orban
14/10/2022
augmentation_capitalMaxence Lacroix
17/06/2022
nominationChristophe Colson — représentant permanent
30/05/2022
nominationOthilie Nicod — administrateur indépendant
30/05/2022
reconductionSogepa — administrateur
2021
Annual accounts 2021-404,8 k €↑
31/05/2021
reconductionNoëlle Lucas — commissaire aux comptes
2020
Annual accounts 2020-1,2 M €↓
2019
Annual accounts 2019580,6 k €↓
2018
Annual accounts 2018794,9 k €↑
2017
Annual accounts 2017154,6 k €↑
2016
Annual accounts 2016-8,1 M €↓
2015
Annual accounts 201531,2 k €↑
2014
Annual accounts 2014-11,2 M €↑
2013
Annual accounts 2013-12,4 M €↑
2012
Annual accounts 2012-12,6 M €↓
2011
Annual accounts 2011-2,6 M €↓
2010
Annual accounts 20101,3 M €↓
2008
Annual accounts 20081,5 M €↓
2007
Annual accounts 20071,9 M €↓
2006
Annual accounts 20063,5 M €
23/03/1972
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

FOUNTAIN

Overview

What does FOUNTAIN 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