B.E. Fin (SA) — Liège (4000)

Identity

Source · BCE/KBO

B.E. Fin is a Public limited company incorporated in 1979. Its main activity is: Activities of holding companies. Its registered office is in Liège. It employs on average 16,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0419.202.029
Incorporation: 29/01/1979
Legal form: Public limited company
Registered office: Avenue Maurice-Destenay 13
4000 Liège · WallonieSee on map
Contributed capital: 26 189 511,30 €
Latest accounts: 31/12/2025
Average workforce: 16,4 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 74855Other professional, scientific and technical activities 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (1)

200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,9 M €	+63.8%	1,8 M €	-2.0%	1,8 M €	+93.3%	944,2 k €	+10.7%	853,1 k €
EBITDA	930,1 k €	+3901%	23,2 k €	+101%	11,6 k €	+345%	2,6 k €	-10.2%	2,9 k €
Operating result	928,6 k €	+4466%	20,3 k €	+116%	9,4 k €	+398%	1,9 k €	-34.6%	2,9 k €
Net result	319 k €	+331%	74 k €	+2927%	2,4 k €	-54.2%	5,3 k €		–
Balance sheet
Equity	26,9 M €	+133%	11,5 M €	+767%	1,3 M €	+0.2%	1,3 M €	+0.4%	1,3 M €
Total assets	31,4 M €	+106%	15,3 M €	+283%	4 M €	+4.7%	3,8 M €	+46.4%	2,6 M €
Cash	11,4 M €	+36.5%	8,3 M €	+206%	2,7 M €	+72.7%	1,6 M €	+104%	770,8 k €
Debts	4 M €	+19.4%	3,4 M €	+26.6%	2,7 M €	+7.1%	2,5 M €	+94.5%	1,3 M €
Other
Workforce	16,4 ETP	-12.8%	18,8 ETP	+20.5%	15,6 ETP	+38.1%	11,3 ETP	+2.7%	11,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 31 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bruno VANDEZANDE	Director04/07/2025 → 04/06/2030
Damien WATHELET	Director04/07/2025 → 04/06/2030
Déborah DEPAUW	Director04/07/2025 → 04/06/2030
Emilie DE DECKER	Director04/07/2025 → 04/06/2030
Jean-François CORBISIER	Director04/07/2025 → 04/06/2030
Vincent MOYSE	Chairman of the board of directors04/07/2025 → 04/06/2030
Véronique GRAFF	Vice-chairman of the board of directors05/10/2023 → 04/06/2030Director05/10/2023 → 2024 accountsended
Valérie MAES	Director13/03/2023 → 04/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Emilie JENNES	Director05/10/2023 → 2024 accounts
Jean-Paul BASTIN	Director05/10/2023 → 2024 accounts
Philippe GILSON	Director05/10/2023 → 2024 accounts

Other companies at this address

Avenue Maurice-Destenay 13 4000 Liège

Company	CBE no.
AMERIGO● Active	0771.407.148
ARCEO● Active	0865.732.522
ARCEO ENGINEERING● Liquidation	0894.304.267
ARJEMO● Active	0887.233.957
BELWING● Active	0674.535.327
CENTRE D'AFFAIRES LIEGE AVROY● Active	0842.182.209
Durobor Real Estate● Active	0843.107.667
Entreprise wallonne pour l'accélération de la transition énergétique● Active	0798.422.341
ESPACE FINANCEMENT● Active	0553.753.006
ESTOR-LUX● Active	0749.614.317
Estor-Lux II● Active	0791.483.574
ESTOR-LUX III● Active	1026.435.588
FNX Ventures● Active	1006.450.422
FONDS DE PARTICIPATION WALLONIE● Active	0554.780.018
GEPART● Active	0871.229.947
GREEN4POWER● Active	0666.984.074
Green for Power - Beta● Active	1018.955.306
Green for Power - Hélios● Active	1000.086.727
Green for Power Holdco● Active	1017.348.767
Green for Power Kappa● Active	1039.955.608

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/06/2026	01/07/2025	04/07/2024	22/06/2023	14/06/2022	23/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	04/05/2023	05/05/2022	06/05/2021
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
Abridged model	31/12/2025	02/06/2026	25/06/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	01/07/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	04/07/2024	French	PDF
Abridged model	31/12/2022	04/05/2023	22/06/2023	French	PDF
Abridged model	31/12/2021	05/05/2022	14/06/2022	French	PDF
Abridged model	31/12/2020	06/05/2021	23/06/2021	French	PDF
Abridged model	31/12/2019	07/05/2020	26/05/2020	French	PDF
Abridged model	31/12/2018	02/05/2019	27/05/2019	French	PDF
Abridged model	31/12/2017	26/03/2018	26/04/2018	French	PDF
Full model	31/12/2016	04/05/2017	18/05/2017	French	PDF
Full model	31/12/2015	06/05/2016	26/05/2016	French	PDF
Full model	31/12/2014	07/05/2015	19/05/2015	French	PDF
Full model	31/12/2013	20/05/2014	05/06/2014	French	PDF
Full model	31/12/2012	02/05/2013	22/05/2013	French	PDF
Full model	31/12/2011	03/05/2012	09/05/2012	French	PDF
Full model	31/12/2010	05/05/2011	06/07/2011	French	PDF
Full model	31/12/2009	06/05/2010	21/05/2010	French	PDF
Full model	31/12/2008	22/05/2009	12/06/2009	French	PDF
Full model	31/12/2007	02/05/2008	19/05/2008	French	PDF
Full model	31/12/2006	03/05/2007	09/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

8 active · 31 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bruno VANDEZANDE	Director04/07/2025 → 04/06/2030
Damien WATHELET	Director04/07/2025 → 04/06/2030
Déborah DEPAUW	Director04/07/2025 → 04/06/2030
Emilie DE DECKER	Director04/07/2025 → 04/06/2030
Jean-François CORBISIER	Director04/07/2025 → 04/06/2030
Vincent MOYSE	Chairman of the board of directors04/07/2025 → 04/06/2030
Véronique GRAFF	Vice-chairman of the board of directors05/10/2023 → 04/06/2030Director05/10/2023 → 2024 accountsended
Valérie MAES	Director13/03/2023 → 04/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Emilie JENNES	Director05/10/2023 → 2024 accounts
Jean-Paul BASTIN	Director05/10/2023 → 2024 accounts
Philippe GILSON	Director05/10/2023 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/05/2026
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates13/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/09/2024
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/11/2023
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

Filings18 filings

Mandates

Jean-François CORBISIER

Vincent MOYSE

Emilie DE DECKER

Damien WATHELET

Bruno VANDEZANDE

Déborah DEPAUW

Véronique GRAFF

Valérie MAES

Philippe GILSON

Emilie JENNES

Jean-Paul BASTIN

Clément SIMON

Show the 27 other mandates

1979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

B.E. Fin

Avenue Maurice-Destenay 13, 4000 Liège

Director

Chairman of the board of directors

Director

Vice-chairman of the board of directorsDirector

Director

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Maurice-Destenay 13, 4000 LiègeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00227728

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
B.E. FinCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00227728

Events

2025
Annual accounts 2025319 k €↑
2024
Annual accounts 202474 k €↑
2023
Annual accounts 20232,4 k €↓
2022
Annual accounts 20225,3 k €↓
2021
Annual accounts 2021
2020
Annual accounts 2020
2019
Annual accounts 2019
2018
Annual accounts 20182,4 M €↑
2017
Annual accounts 2017-90,5 k €↓
2016
Annual accounts 2016222,7 k €↑
2015
Annual accounts 201537,2 k €↑
2014
Annual accounts 2014-359,8 k €↑
2013
Annual accounts 2013-2,4 M €↓
2012
Annual accounts 2012823,1 k €↑
2011
Annual accounts 2011-5,4 M €↓
2010
Annual accounts 2010-2,2 M €↓
2009
Annual accounts 2009-107,5 k €↓
2008
Annual accounts 2008277 k €
29/01/1979
IncorporationPublic limited company

B.E. Fin

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