ACTIVE

EQUANS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

19,7 M €

+963.9% YoY

Revenue

1,3 Md €

-7.8% YoY

Equity

277,8 M €

-9.3% YoY

Workforce

4 823,5 ETP

-5.5% YoY

What does EQUANS do?

EQUANS is a Public limited company incorporated in 1983. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Saint-Josse-ten-Noode. It employs on average 4 823,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.702.910

Incorporation

02/12/1983

Legal form

Public limited company

Registered office

Boulevard du Roi Albert II 19
1210 Saint-Josse-ten-Noode · BruxellesSee on map

Contributed capital

127 178 927,03 €

Latest accounts

31/12/2025

Average workforce

4 823,5 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 42220Construction of utility projects for electricity and telecommunications 42220Construction of utility projects for electricity and telecommunications 25110Manufacture of metal structures and parts of structures+7

Joint committees (5)

100
111
14901
209
218

Contacts

1 public detail availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHigh 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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,3 Md €	-7.8%	1,4 Md €	-2.1%	1,4 Md €	+39.7%	1 Md €	+10.4%	906,1 M €	+14.4%	792,3 M €	-14.6%	927,9 M €	+9.9%	844,7 M €	+14.7%	736,5 M €	+10.6%	665,9 M €	-4.7%	698,5 M €	+4.2%	670,6 M €	+2.7%	652,8 M €	+8.0%	604,1 M €	+12.1%	539,1 M €	-7.0%	579,6 M €	+4.3%	555,8 M €	+6.1%	523,7 M €
EBITDA	47,6 M €	+104%	23,4 M €	+209%	7,6 M €	-44.9%	13,7 M €	-41.7%	23,5 M €	+43.6%	16,4 M €	-48.1%	31,6 M €	-20.8%	39,9 M €	+8.5%	36,7 M €	+32.4%	27,7 M €	-21.9%	35,5 M €	+31.4%	27 M €	+0.4%	26,9 M €	-7.5%	29,1 M €	+30.4%	22,3 M €	+11.7%	20 M €	+31.2%	15,3 M €	+230%	-11,7 M €
Operating result	29,4 M €	+1451%	-2,2 M €	+90.0%	-21,7 M €	-125%	-9,7 M €	-224%	7,8 M €	+261%	2,2 M €	-88.3%	18,5 M €	-33.8%	27,9 M €	+8.1%	25,8 M €	+32.9%	19,4 M €	-29.5%	27,5 M €	+39.4%	19,8 M €	-9.5%	21,8 M €	-7.5%	23,6 M €	+35.8%	17,4 M €	+26.6%	13,7 M €	+57.6%	8,7 M €	+144%	-19,7 M €
Net result	19,7 M €	+964%	-2,3 M €	-102%	104,8 M €	+833%	-14,3 M €	-2489%	598,6 k €	-70.3%	2 M €	-83.3%	12,1 M €	-34.8%	18,5 M €	+58341%	31,6 k €	-99.7%	11,1 M €	-33.2%	16,6 M €	-15.9%	19,7 M €	+3.3%	19,1 M €	-35.1%	29,4 M €	+50.0%	19,6 M €	-24.4%	26 M €	+132%	11,2 M €	+349%	-4,5 M €
Balance sheet
Equity	277,8 M €	-9.3%	306,3 M €	-2.4%	313,8 M €	+155%	123 M €	-10.4%	137,3 M €	+0.4%	136,7 M €	+1.5%	134,6 M €	+9.8%	122,6 M €	+10.5%	111 M €	+0.0%	110,9 M €	+0.0%	110,9 M €	+0.0%	110,9 M €	+2.0%	108,7 M €	+0.0%	108,7 M €	+6.7%	101,9 M €	+2.1%	99,8 M €	+1.7%	98,2 M €	+10.1%	89,2 M €
Total assets	969,1 M €	+0.8%	961,5 M €	-3.6%	997 M €	+41.3%	705,6 M €	+15.3%	612 M €	+4.6%	585 M €	+4.8%	558,3 M €	+3.6%	538,7 M €	-19.2%	666,3 M €	+3.3%	645,2 M €	+3.5%	623,6 M €	-0.1%	624,5 M €	-0.5%	627,4 M €	+3.5%	605,9 M €	+1.7%	595,8 M €	-1.4%	604 M €	+10.5%	546,5 M €	+2.5%	533,3 M €
Cash	1,4 M €	-26.7%	1,9 M €	+51.0%	1,2 M €	+392%	250,8 k €	-84.9%	1,7 M €	+34.9%	1,2 M €	-57.7%	2,9 M €	-18.5%	3,6 M €	+77.7%	2 M €	+21.6%	1,6 M €	-28.9%	2,3 M €	-41.2%	3,9 M €	+68.9%	2,3 M €	-76.8%	10,1 M €	+583%	1,5 M €	-27.9%	2 M €	-23.2%	2,7 M €	+37.6%	1,9 M €
Debts	651,2 M €	+6.9%	609,4 M €	-4.3%	636,5 M €	+16.2%	547,7 M €	+22.6%	446,8 M €	+5.3%	424,3 M €	+5.4%	402,7 M €	+1.5%	396,6 M €	-24.5%	525,5 M €	+3.6%	507,2 M €	+4.1%	487,3 M €	+0.6%	484,4 M €	-1.6%	492,2 M €	+3.2%	476,7 M €	+6.5%	447,6 M €	-2.4%	458,7 M €	+14.2%	401,5 M €	-0.9%	405,2 M €
Other
Workforce	4 823,5 ETP	-5.5%	5 103,4 ETP	-2.5%	5 232,7 ETP	+43.2%	3 654,3 ETP	-0.2%	3 663,0 ETP	+1.6%	3 605,5 ETP	+5.8%	3 407,0 ETP	+2.8%	3 315,3 ETP	+0.5%	3 298,4 ETP	-8.1%	3 590,6 ETP	-0.9%	3 623,3 ETP	+1.1%	3 585,3 ETP	+1.5%	3 534,0 ETP	+0.5%	3 515,9 ETP	-1.7%	3 575,1 ETP	-0.6%	3 596,6 ETP	-0.3%	3 607,8 ETP	-4.6%	3 782,4 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 · 7 active · 52 ended

Active mandates

Didier ENGELS

Director · since 24 juin 2025 · until 26 juin 2029

Active

Natalie DEWULF

Director · since 25 juin 2024 · until 27 juin 2028

Active

Pascal GROSJEAN

Director · since 16 novembre 2023 · until 22 juin 2027

Active

Jan VANDENBROUCKE

Director · since 03 juillet 2023 · until 22 juin 2027

Active

Filip COCQUEREAUX

Director · since 01 juillet 2022 · until 23 juin 2026

Active

Philippe MASEREEL

Director · since 01 juillet 2022 · until 23 juin 2026

Active

Mark DIRCKX

Chairman of the board of directors · since 28 juin 2022 · until 23 juin 2026

Active

Ended mandates

Peter MATTON

Director · since 01 juillet 2022 · until 30 avril 2023

Ended

Peter MATTON

Director · since 01 juillet 2022 · until 23 juin 2026

Ended

Didier ENGELS

Director · since 28 juin 2022 · until 24 juin 2025

Ended

Didier Engels

Director · since 21 décembre 2021 · until 28 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
ACCESSO● Active	0506.857.563
ACV - CSC METEA● Active	0822.975.615
AIRPORT GLOBAL SERVICES● Active	0508.826.960
AM EQUANS-HYDROGAZ● Active	0799.845.271
ARIANE BUILDING● Active	0862.467.382
ASSOCIATION BELGE DES ASSET MANAGERS - BELGISCHE VERENIGING VAN ASSET MANAGERS● Active	0567.779.996
association des juristes de l'assurance● Active	0881.371.395
ASSOCIATION POUR LA LUTTE CONTRE LA FRAUDE A L'ASSURANCE● Active	0833.843.870
Association Professionnelle des Inspecteurs et Experts d'Assurance● Active	0466.327.401
ASSURALIA (union professionnelle des entreprises d'assurances)● Active	0407.878.367
ASTARCO● Active	0892.593.208
AZURE INVESTMENTS● Active	1040.469.609
AZURE REAL ESTATE● Active	1017.762.305
Becobra● Active	0443.023.249
BICL I● Liquidation	0437.516.817
CAROLEASE 12● Active	0508.640.185
Central Labelling Agency of the Belgian SRI label● Active	0730.567.475
CEPOM FONDS DE SECURITE D'EXISTENCE● Active	0878.980.247
Circul 2020● Active	0688.695.347
Consortium - JVSF● Active	0712.874.675

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	26/06/2026	07/07/2025	23/07/2024	20/07/2023	05/07/2022	13/07/2021
General meeting	23/06/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	22/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

32 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	26/06/2026	Dutch	PDF
Full model	31/12/2025	23/06/2026	26/06/2026	French	PDF
Full model	31/12/2024	24/06/2025	07/07/2025	French	PDF
Full model	31/12/2024	24/06/2025	07/07/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	23/07/2024	French	PDF
Full model	31/12/2023	25/06/2024	23/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	20/07/2023	French	PDF
Full model	31/12/2022	27/06/2023	20/07/2023	Dutch	PDF
Full model	31/12/2021	28/06/2022	05/07/2022	Dutch	PDF
Full model	31/12/2021	28/06/2022	05/07/2022	French	PDF
Full model	31/12/2020	22/06/2021	13/07/2021	Dutch	PDF
Full model	31/12/2020	22/06/2021	13/07/2021	French	PDF
Full model	31/12/2019	23/06/2020	23/07/2020	Dutch	PDF
Full model	31/12/2019	23/06/2020	23/07/2020	French	PDF
Full model	31/12/2018	25/06/2019	23/07/2019	Dutch	PDF
Full model	31/12/2018	25/06/2019	23/07/2019	French	PDF
Full model	31/12/2017	26/06/2018	26/07/2018	Dutch	PDF
Full model	31/12/2017	26/06/2018	26/07/2018	French	PDF
Full model	31/12/2016	27/06/2017	23/08/2017	German	PDF
Full model	31/12/2016	27/06/2017	23/08/2017	English	PDF
Full model	31/12/2016	27/06/2017	23/08/2017	Dutch	PDF
Full model	31/12/2016	27/06/2017	07/07/2017	French	PDF
Full model	31/12/2015	30/06/2016	22/07/2016	French	PDF
Full model	31/12/2014	02/06/2015	29/06/2015	French	PDF

View all 32 filings

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 · 7 active · 52 ended

Active mandates

Didier ENGELS

Director · since 24 juin 2025 · until 26 juin 2029

Active

Natalie DEWULF

Director · since 25 juin 2024 · until 27 juin 2028

Active

Pascal GROSJEAN

Director · since 16 novembre 2023 · until 22 juin 2027

Active

Jan VANDENBROUCKE

Director · since 03 juillet 2023 · until 22 juin 2027

Active

Filip COCQUEREAUX

Director · since 01 juillet 2022 · until 23 juin 2026

Active

Philippe MASEREEL

Director · since 01 juillet 2022 · until 23 juin 2026

Active

Mark DIRCKX

Chairman of the board of directors · since 28 juin 2022 · until 23 juin 2026

Active

Ended mandates

Peter MATTON

Director · since 01 juillet 2022 · until 30 avril 2023

Ended

Peter MATTON

Director · since 01 juillet 2022 · until 23 juin 2026

Ended

Didier ENGELS

Director · since 28 juin 2022 · until 24 juin 2025

Ended

Didier Engels

Director · since 21 décembre 2021 · until 28 juin 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/07/2026
—
PDF
Other06/07/2026
—
PDF
Other16/02/2026
DIVERSEN
PDF
Other16/02/2026
DIVERS
PDF
Mandates28/08/2025
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2025
DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2025
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2025
DIVERS - 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 202519,7 M €↑
18/07/2025
nominationRomuald Bilem — représentant permanent du commissaire
18/07/2025
nominationRomuald Bilem — commissaris
05/05/2025
nominationJean-Pierre MARTIN — Dagelijks Bestuurder
2024
Annual accounts 2024-2,3 M €↓
23/10/2024
nominationMark DIRCKX — Dagelijks Bestuurder
23/10/2024
nominationBruno DENEYER — Dagelijks Bestuurder
23/10/2024
nominationMarc DUVIEUSART — Dagelijks Bestuurder
23/10/2024
nominationChristine MARCHAL — Dagelijks Bestuurder
25/06/2024
reconductionNatalie Dewulf — bestuurder
25/06/2024
reconductionNatalie Dewulf — administrateur
2023
Annual accounts 2023104,8 M €↑
16/11/2023
nominationPascal GROSJEAN — administrateur
16/11/2023
nominationPascal GROSJEAN — bestuurder
03/07/2023
nominationJan Vandenbroucke — administrateur
03/07/2023
nominationJan Vandenbroucke — bestuurder
2023
Name changeEQUANS
2022
Annual accounts 2022-14,3 M €↓
2021
Annual accounts 2021598,6 k €↓
2020
Annual accounts 20202 M €↓
2019
Annual accounts 201912,1 M €↓
2018
Annual accounts 201818,5 M €↑
2015
Annual accounts 201531,6 k €↓
2014
Annual accounts 201411,1 M €↓
2013
Annual accounts 201316,6 M €↓
2012
Annual accounts 201219,7 M €↑
2012
Name changeCOFELY FABRICOM
2011
Annual accounts 201119,1 M €↓
2010
Annual accounts 201029,4 M €↑
2009
Annual accounts 200919,6 M €↓
2009
Name changeFabricom
2008
Annual accounts 200826 M €↑
2007
Annual accounts 200711,2 M €↑
2006
Annual accounts 2006-4,5 M €
2006
Name changeFABRICOM GTI
02/12/1983
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

EQUANS

Overview

What does EQUANS do?

Trend over 18 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