ACTIVE

B4S

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Financial year 2025 · closed on 31/12/2025
Net result
2,9 k €
-91.1% YoY
Gross margin
182,7 k €
+10.5% YoY
Equity
305,9 k €
+1.0% YoY

What does B4S do?

B4S is a Private limited company incorporated in 1979. Its main activity is: Management consultancy activities. Its registered office is in Fernelmont.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0419.876.574
Incorporation
04/10/1979
Legal form
Private limited company
Registered office
Rue du Vert-Bois, Pont. 22
5380 Fernelmont · WallonieSee on map
Contributed capital
9 345,58 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities64922Other credit granting64922Other credit granting66220Activities of insurance agents and brokers66220Activities of insurance agents and brokers+2
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 23 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003
Income statement
Gross margin182,7 k €165,4 k €180,2 k €141,8 k €134 k €247,4 k €115,1 k €74,2 k €79,8 k €37,6 k €46,1 k €-395,6 €-383,8 €-360,7 €-347,9 €-877,9 €0 €-2,6 k €0 €0 €0 €0 €0 €
EBITDA180,2 k €153,8 k €179,4 k €139,4 k €131,7 k €236,3 k €135,9 k €-17,5 k €79,1 k €36,3 k €45,7 k €-395,6 €-383,8 €-360,7 €-347,9 €-877,9 €0 €-2,6 k €0 €0 €0 €0 €0 €
Operating result111,5 k €148,6 k €126,1 k €116,7 k €123 k €231,5 k €128,2 k €-25,4 k €73,4 k €30,6 k €41 k €-395,6 €-383,8 €-360,7 €-347,9 €-877,9 €0 €-2,6 k €0 €0 €0 €0 €0 €
Net result2,9 k €33,1 k €27,7 k €15,6 k €33,1 k €122 k €26,6 k €-40,5 k €43,1 k €17,4 k €24,8 k €-395,6 €-383,8 €-360,7 €-347,9 €-877,9 €0 €-2,6 k €0 €0 €0 €0 €0 €
Balance sheet
Equity305,9 k €303 k €269,8 k €242,1 k €226,5 k €193,4 k €71,4 k €44,7 k €85,2 k €42,1 k €24,7 k €-73,6 €322 €705,8 €1,1 k €1,4 k €2,3 k €2,3 k €4,9 k €4,9 k €4,9 k €4,9 k €4,9 k €
Total assets461 k €405,5 k €393,3 k €331,7 k €319,9 k €297,8 k €158 k €158,9 k €91,3 k €58,8 k €41,8 k €0 €322 €705,8 €1,1 k €1,4 k €2,3 k €2,3 k €4,9 k €4,9 k €4,9 k €4,9 k €4,9 k €
Cash156,3 k €81,5 k €107,7 k €164,3 k €223,4 k €246,4 k €94,2 k €86 k €77,1 k €39,8 k €20,3 k €––––––––––––
Debts18,8 k €15,5 k €17 k €12,6 k €19,2 k €28,5 k €20,7 k €26,1 k €6 k €16,7 k €17,1 k €73,6 €0 €0 €0 €0 €–0 €–––––
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 · 1 active · 4 ended

Active mandates

FREDERIC SALPIETRO

Director · since 15 septembre 2023

Active

Ended mandates

FREDERIC SALPIETRO

Director · since 15 juillet 2015

Ended
Frédéric Salpietro

Manager · since 10 juillet 2015

Ended
François Salpietro

Manager · since 20 juillet 1993 · until 10 juillet 2015

Ended
FRANCOIS SALPIETRO

Manager · since 01 janvier 1993

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/06/202603/06/202506/06/202407/06/202307/06/202208/06/2021
General meeting01/06/202602/06/202503/06/202405/06/202306/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202602/06/2026FrenchPDF
Micro model31/12/202402/06/202503/06/2025FrenchPDF
Micro model31/12/202303/06/202406/06/2024FrenchPDF
Micro model31/12/202205/06/202307/06/2023FrenchPDF
Micro model31/12/202106/06/202207/06/2022FrenchPDF
Micro model31/12/202007/06/202108/06/2021FrenchPDF
Micro model31/12/201902/06/202002/06/2020FrenchPDF
Micro model31/12/201803/06/201904/06/2019FrenchPDF
Micro model31/12/201701/06/201805/06/2018FrenchPDF
Micro model31/12/201605/06/201710/06/2017FrenchPDF
Abridged model31/12/201506/06/201606/06/2016FrenchPDF
Abridged model31/12/201401/06/201505/07/2015FrenchPDF
Abridged model31/12/201302/06/201401/08/2014FrenchPDF
Abridged model31/12/201203/06/201325/08/2013FrenchPDF
Abridged model31/12/201104/06/201202/07/2012FrenchPDF
Abridged model31/12/201006/06/201125/06/2011FrenchPDF
Abridged model31/12/200930/06/201027/08/2010FrenchPDF
Abridged model31/12/200830/06/201027/08/2010FrenchPDF
Abridged model31/12/200708/09/200820/09/2008FrenchPDF
Abridged model31/12/200608/09/200809/09/2008FrenchPDF
Abridged model31/12/200508/09/200809/09/2008FrenchPDF
Abridged model31/12/200408/09/200809/09/2008FrenchPDF
Abridged model31/12/200308/09/200809/09/2008FrenchPDF
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 · 1 active · 4 ended

Active mandates

FREDERIC SALPIETRO

Director · since 15 septembre 2023

Active

Ended mandates

FREDERIC SALPIETRO

Director · since 15 juillet 2015

Ended
Frédéric Salpietro

Manager · since 10 juillet 2015

Ended
François Salpietro

Manager · since 20 juillet 1993 · until 10 juillet 2015

Ended
FRANCOIS SALPIETRO

Manager · since 01 janvier 1993

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/09/2023
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates27/07/2015
    DENOMINATION - SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2025
    Annual accounts 20252,9 k €↓
  2. 2024
    Annual accounts 202433,1 k €↑
  3. 2023
    Annual accounts 202327,7 k €↑
  4. 2022
    Annual accounts 202215,6 k €↓
  5. 2021
    Annual accounts 202133,1 k €↓
  6. 2020
    Annual accounts 2020122 k €↑
  7. 2019
    Annual accounts 201926,6 k €↑
  8. 2018
    Annual accounts 2018-40,5 k €↓
  9. 2017
    Annual accounts 201743,1 k €↑
  10. 2016
    Annual accounts 201617,4 k €↓
  11. 2015
    Annual accounts 201524,8 k €↑
  12. 2014
    Annual accounts 2014-395,6 €↓
  13. 2013
    Annual accounts 2013-383,8 €↓
  14. 2012
    Annual accounts 2012-360,7 €↓
  15. 2011
    Annual accounts 2011-347,9 €↑
  16. 2010
    Annual accounts 2010-877,9 €↓
  17. 2009
    Annual accounts 20090 €↑
  18. 2008
    Annual accounts 2008-2,6 k €↓
  19. 2007
    Annual accounts 20070 €↑
  20. 2006
    Annual accounts 20060 €↑
  21. 2005
    Annual accounts 20050 €↑
  22. 2004
    Annual accounts 20040 €↑
  23. 2003
    Annual accounts 20030 €
  24. 04/10/1979
    IncorporationPrivate limited company