ACTIVE

FAPRO

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Financial year 2025 · closed on 31/12/2025

Net result

6,6 M €

+551.6% YoY

Revenue

42,2 M €

+19.4% YoY

Equity

23,4 M €

+48.1% YoY

Workforce

27,5 ETP

-1.4% YoY

What does FAPRO do?

FAPRO is a Public limited company incorporated in 1972. Its registered office is in Ichtegem. It employs on average 27,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.587.223

Incorporation

01/01/1972

Legal form

Public limited company

Registered office

Oostendesteenweg(FICH) 96
8480 Ichtegem · FlandreSee on map

Contributed capital

867 893,52 €

Latest accounts

31/12/2025

Average workforce

27,5 ETP

Joint committees (3)

118
1182
220

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	42,2 M €	+19.4%	35,4 M €	-24.4%	46,8 M €	-37.1%	74,4 M €	+31.0%	56,8 M €	+143%	23,3 M €	-29.9%	33,3 M €	+15.9%	28,7 M €	-6.0%	30,6 M €	-5.4%	32,3 M €	+27.7%	25,3 M €	+2.9%	24,6 M €	+41.9%	17,3 M €	+7.2%	16,2 M €	+36.3%	11,9 M €	+8.4%	10,9 M €
EBITDA	8,9 M €	+1008%	-978,5 k €	-94.2%	-503,7 k €	-104%	12,2 M €	-16.0%	14,5 M €	+971%	1,4 M €	-76.6%	5,8 M €	+53.6%	3,8 M €	-0.3%	3,8 M €	+76.8%	2,1 M €	+25.8%	1,7 M €	-62.3%	4,5 M €	+92.8%	2,3 M €	-47.5%	4,5 M €	+42.1%	3,1 M €	+82.8%	1,7 M €
Operating result	8,1 M €	+544%	-1,8 M €	-44.3%	-1,3 M €	-111%	11,5 M €	-17.6%	14 M €	+1264%	1 M €	-81.4%	5,5 M €	+66.1%	3,3 M €	+1.2%	3,3 M €	+97.4%	1,7 M €	+41.2%	1,2 M €	-70.7%	4 M €	+101%	2 M €	-50.4%	4 M €	+69.9%	2,4 M €	+179%	850,3 k €
Net result	6,6 M €	+552%	-1,5 M €	-52.0%	-959,5 k €	-111%	8,8 M €	-17.5%	10,6 M €	+1383%	716,7 k €	-80.4%	3,7 M €	+63.6%	2,2 M €	+0.2%	2,2 M €	+78.8%	1,3 M €	+26.6%	987,7 k €	-67.2%	3 M €	+66.1%	1,8 M €	-39.5%	3 M €	+62.3%	1,8 M €	+222%	573,1 k €
Balance sheet
Equity	23,4 M €	+48.1%	15,8 M €	-8.5%	17,2 M €	-5.3%	18,2 M €	+30.7%	13,9 M €	+107%	6,7 M €	-3.9%	7 M €	+10.5%	6,4 M €	-10.7%	7,1 M €	+11.5%	6,4 M €	-16.4%	7,6 M €	-11.7%	8,6 M €	-11.3%	9,7 M €	-13.3%	11,2 M €	+36.3%	8,2 M €	+28.8%	6,4 M €
Total assets	47,4 M €	+37.6%	34,4 M €	+51.2%	22,8 M €	-17.7%	27,7 M €	+10.2%	25,1 M €	+161%	9,6 M €	-26.2%	13,1 M €	+14.9%	11,4 M €	+6.5%	10,7 M €	-11.2%	12 M €	-3.2%	12,4 M €	-15.9%	14,7 M €	+21.7%	12,1 M €	-7.0%	13 M €	+31.0%	9,9 M €	+6.2%	9,4 M €
Cash	788,3 k €	+21.4%	649,2 k €	-83.7%	4 M €	-51.5%	8,2 M €	-39.8%	13,6 M €	+251%	3,9 M €	-22.9%	5 M €	-3.0%	5,2 M €	+16.5%	4,5 M €	+6.6%	4,2 M €	+40.5%	3 M €	-11.4%	3,4 M €	+91.8%	1,7 M €	+398%	351,2 k €	-78.8%	1,7 M €	+218%	522,5 k €
Debts	24 M €	+28.8%	18,6 M €	+249%	5,3 M €	-42.5%	9,3 M €	-16.7%	11,1 M €	+291%	2,8 M €	-52.2%	6 M €	+21.5%	4,9 M €	+40.5%	3,5 M €	-37.3%	5,6 M €	+19.7%	4,6 M €	-22.9%	6 M €	+165%	2,3 M €	+31.4%	1,7 M €	+26.8%	1,4 M €	-53.3%	2,9 M €
Other
Workforce	27,5 ETP	-1.4%	27,9 ETP	+3.3%	27,0 ETP	+0.4%	26,9 ETP	-7.9%	29,2 ETP	+13.2%	25,8 ETP	-4.4%	27,0 ETP	+5.5%	25,6 ETP	+9.4%	23,4 ETP	-1.3%	23,7 ETP	+4.9%	22,6 ETP	+1.8%	22,2 ETP	-0.9%	22,4 ETP	+1.4%	22,1 ETP	-5.2%	23,3 ETP	+0.4%	23,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 32 ended

Active mandates

EASTWOOD

Managing director · since 01 avril 2024 · until 31 mars 2030 · 1005.899.007

Represented by Clint Van Nuffel

Active

GLUCKSKLEE

Director · since 01 janvier 2024 · until 31 décembre 2029 · 0895.733.038

Represented by Anton Van Nuffel

Active

Carl Bürger

Director · since 27 mars 2020 · until 26 mars 2026

Active

Ended mandates

BG Consultancy BV

Managing director · since 27 mars 2020 · until 20 décembre 2024

Represented by Bernardus Verkolf

Ended

BG Consultancy BV

Managing director · since 27 mars 2020 · until 26 mars 2026

Represented by Verkolf Bernardus

Ended

Frank Duffe

Director · since 27 mars 2020 · until 01 juillet 2024

Ended

Frank Duffe

Director · since 27 mars 2020 · until 26 mars 2026

Ended

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	25/03/2026	13/03/2025	06/03/2024	01/03/2023	05/04/2022	10/03/2021
General meeting	27/02/2026	28/02/2025	23/02/2024	24/02/2023	15/03/2022	26/02/2021
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	27/02/2026	25/03/2026	Dutch	PDF
Full model	31/12/2024	28/02/2025	13/03/2025	Dutch	PDF
Full model	31/12/2023	23/02/2024	06/03/2024	Dutch	PDF
Full model	31/12/2022	24/02/2023	01/03/2023	Dutch	PDF
Full model	31/12/2021	15/03/2022	05/04/2022	Dutch	PDF
Full model	31/12/2020	26/02/2021	10/03/2021	Dutch	PDF
Full model	31/12/2019	27/03/2020	10/04/2020	Dutch	PDF
Full model	31/12/2018	29/03/2019	15/04/2019	Dutch	PDF
Full model	31/12/2017	05/03/2018	06/04/2018	Dutch	PDF
Full model	31/12/2016	08/03/2017	06/04/2017	Dutch	PDF
Full model	31/12/2015	29/02/2016	29/03/2016	Dutch	PDF
Full model	31/12/2014	27/02/2015	17/03/2015	Dutch	PDF
Full model	31/12/2013	28/02/2014	14/03/2014	Dutch	PDF
Full model	31/12/2012	28/02/2013	05/03/2013	Dutch	PDF
Full model	31/12/2011	18/04/2012	10/05/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	27/07/2011	Dutch	PDF
Full model	31/12/2009	14/05/2010	14/07/2010	Dutch	PDF
Full model	31/12/2008	08/05/2009	30/06/2009	Dutch	PDF
Full model	31/12/2007	09/05/2008	14/08/2008	Dutch	PDF
Full model	31/12/2006	11/05/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 32 ended

Active mandates

EASTWOOD

Managing director · since 01 avril 2024 · until 31 mars 2030 · 1005.899.007

Represented by Clint Van Nuffel

Active

GLUCKSKLEE

Director · since 01 janvier 2024 · until 31 décembre 2029 · 0895.733.038

Represented by Anton Van Nuffel

Active

Carl Bürger

Director · since 27 mars 2020 · until 26 mars 2026

Active

Ended mandates

BG Consultancy BV

Managing director · since 27 mars 2020 · until 20 décembre 2024

Represented by Bernardus Verkolf

Ended

BG Consultancy BV

Managing director · since 27 mars 2020 · until 26 mars 2026

Represented by Verkolf Bernardus

Ended

Frank Duffe

Director · since 27 mars 2020 · until 01 juillet 2024

Ended

Frank Duffe

Director · since 27 mars 2020 · until 26 mars 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2024
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates27/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other24/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates26/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2020
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 20256,6 M €↑
2024
Annual accounts 2024-1,5 M €↓
2023
Annual accounts 2023-959,5 k €↓
2022
Annual accounts 20228,8 M €↓
2021
Annual accounts 202110,6 M €↑
2018
Annual accounts 2018716,7 k €↓
2017
Annual accounts 20173,7 M €↑
2016
Annual accounts 20162,2 M €↑
2015
Annual accounts 20152,2 M €↑
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 2013987,7 k €↓
2012
Annual accounts 20123 M €↑
2011
Annual accounts 20111,8 M €↓
2010
Annual accounts 20103 M €↑
2009
Annual accounts 20091,8 M €↑
2008
Annual accounts 2008573,1 k €
01/01/1972
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

FAPRO

Overview

What does FAPRO do?

Trend over 16 financial years

Indicative valuation

Board of directors

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