ACTIVE

BROWNING International

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Financial year 2025 · Closed on 31/12/2025

Net result3 M €+0,4 %over 1 year

Revenue96 M €+2,2 %over 1 year

Equity59,6 M €+0,0 %over 1 year

Workforce118,0 ETP-0,8 %over 1 year

Identity

Source · BCE/KBO

BROWNING International is a Public limited company incorporated in 1986. Its main activity is: Manufacture of steam generators, except central heating hot water boilers. Its registered office is in Herstal. It employs on average 118,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0430.037.226
Incorporation: 18/12/1986
Legal form: Public limited company
Registered office: Parc Ind. des Hauts Sarts, 3e av 25
4040 Herstal · Wallonie
Contributed capital: 15 163 517,00 €
Latest accounts: 31/12/2025
Average workforce: 118,0 ETP

Activities (NACE)

25300Manufacture of steam generators, except central heating hot water boilers· main 25400Manufacture of weapons and ammunition 29602Manufacture of motor vehicles, trailers and semi-trailers 46496Wholesale of other household goods 46496Wholesale of other household goods 51476Air transport+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	96 M €	+2.2%	93,9 M €	-4.7%	98,6 M €	+1.4%	97,2 M €	+17.1%	83 M €
EBITDA	5,1 M €	+41.7%	3,6 M €	-50.0%	7,1 M €	-36.5%	11,2 M €	+99.5%	5,6 M €
Operating result	3,4 M €	+12.8%	3 M €	-37.9%	4,9 M €	-42.7%	8,5 M €	+61.0%	5,3 M €
Net result	3 M €	+0.4%	3 M €	-23.6%	3,9 M €	-39.0%	6,4 M €	+65.0%	3,9 M €
Balance sheet
Equity	59,6 M €	+0.0%	59,6 M €	-23.2%	77,6 M €	+2.5%	75,7 M €	+6.2%	71,3 M €
Total assets	87,9 M €	-16.4%	105,2 M €	-4.7%	110,3 M €	+6.4%	103,7 M €	+10.9%	93,5 M €
Cash	18,6 M €	+11.5%	16,6 M €	+49.1%	11,2 M €	+16.3%	9,6 M €	-19.2%	11,9 M €
Debts	26,5 M €	-38.9%	43,4 M €	+41.1%	30,7 M €	+19.3%	25,8 M €	+21.0%	21,3 M €
Other
Workforce	118,0 ETP	-0.8%	119,0 ETP	-2.5%	122,0 ETP	-1.6%	124,0 ETP	+5.1%	118,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 50 ended

Active mandates

France DELOBBE

Director · since 10 février 2024 · until 01 juin 2027

Active

Marie-Pierre DECHENE

Managing director · since 25 avril 2022 · until 01 juin 2027

Active

Baudouin de HEPCEE

Director · since 01 décembre 2021 · until 01 juin 2027

Active

Julien COMPERE

Chairman of the board of directors · since 01 décembre 2021 · until 01 juin 2027

Active

Julien COMPERE

Director · since 01 décembre 2021 · until 01 juin 2027

Active

Ended mandates

France DELOBBE

Director · since 10 février 2024 · until 22 février 2027

Ended

Charles GUEVREMONT

Director · since 25 avril 2022 · until 09 février 2024

Ended

Charles GUEVREMONT

Director · since 25 avril 2022 · until 22 février 2027

Ended

Marie-Pierre DECHENE

Managing director · since 25 avril 2022 · until 22 février 2027

Ended

Other companies at this address

Parc Ind. des Hauts Sarts, 3e av 25 4040 Herstal

Company	CBE no.
Union des Fabricants et Artisans en équipements de chasse et de tir sportif● Active	0408.857.077

Full financial information

Source · NBB

	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	25/06/2026	17/06/2025	14/06/2024	23/06/2023	13/06/2022	15/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/06/2026	25/06/2026	French	PDF
Full model	31/12/2024	03/06/2025	17/06/2025	French	PDF
Full model	31/12/2023	04/06/2024	14/06/2024	French	PDF
Full model	31/12/2022	06/06/2023	23/06/2023	French	PDF
Full model	31/12/2021	07/06/2022	13/06/2022	French	PDF
Full model	31/12/2020	01/06/2021	15/06/2021	French	PDF
Full model	31/12/2019	09/06/2020	16/07/2020	French	PDF
Full modelCorrection	31/12/2018	04/06/2019	30/09/2019	French	PDF
Full model	31/12/2018	04/06/2019	21/06/2019	French	PDF
Full model	31/12/2017	05/06/2018	14/06/2018	French	PDF
Full model	31/12/2016	06/06/2017	21/06/2017	French	PDF
Full model	31/12/2015	07/06/2016	16/06/2016	French	PDF
Full model	31/12/2014	02/06/2015	18/06/2015	French	PDF
Full model	31/12/2013	03/06/2014	23/06/2014	French	PDF
Full model	31/12/2012	04/06/2013	24/06/2013	French	PDF
Full model	31/12/2011	05/06/2012	13/06/2012	French	PDF
Full model	31/12/2010	07/06/2011	28/06/2011	French	PDF
Full model	31/12/2009	01/06/2010	22/06/2010	French	PDF
Full model	31/12/2008	02/06/2009	07/07/2009	French	PDF
Full model	31/12/2007	03/06/2008	23/06/2008	French	PDF
Full model	31/12/2006	05/06/2007	27/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

5 active · 50 ended

Active mandates

France DELOBBE

Director · since 10 février 2024 · until 01 juin 2027

Active

Marie-Pierre DECHENE

Managing director · since 25 avril 2022 · until 01 juin 2027

Active

Baudouin de HEPCEE

Director · since 01 décembre 2021 · until 01 juin 2027

Active

Julien COMPERE

Chairman of the board of directors · since 01 décembre 2021 · until 01 juin 2027

Active

Julien COMPERE

Director · since 01 décembre 2021 · until 01 juin 2027

Active

Ended mandates

France DELOBBE

Director · since 10 février 2024 · until 22 février 2027

Ended

Charles GUEVREMONT

Director · since 25 avril 2022 · until 09 février 2024

Ended

Charles GUEVREMONT

Director · since 25 avril 2022 · until 22 février 2027

Ended

Marie-Pierre DECHENE

Managing director · since 25 avril 2022 · until 22 février 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/03/2025
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Other08/08/2024
DIVERS
PDF
Mandates18/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2024
DEMISSIONS, NOMINATIONS
PDF
Other21/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates26/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates08/07/2022
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20253 M €↑
2024
Annual accounts 20243 M €↓
04/06/2024
nominationPatrick MORTROUX — Commissaire
29/02/2024
nominationFrance DELOBBE — administrateur
2023
Annual accounts 20233,9 M €↓
2022
Annual accounts 20226,4 M €↑
25/04/2022
nominationMarie-Pierre DECHÊNE — administrateur délégué
2021
Annual accounts 20213,9 M €↑
01/12/2021
reconductionJulien Compère — administrateur
01/12/2021
reconductionBaudouin de Hepcée — administrateur
2020
Annual accounts 2020977,3 k €↓
2019
Annual accounts 20194 M €↑
2018
Annual accounts 20183,9 M €↓
2017
Annual accounts 20177,7 M €↓
2016
Annual accounts 20168,6 M €↓
2015
Annual accounts 201510,7 M €↑
2014
Annual accounts 20146,2 M €↓
2013
Annual accounts 20136,3 M €↑
2012
Annual accounts 20123,8 M €↓
2011
Annual accounts 20116,2 M €↑
2010
Annual accounts 20105 M €↑
2009
Annual accounts 20094,8 M €↓
2008
Annual accounts 20084,8 M €↑
2007
Annual accounts 20074,4 M €↑
2006
Annual accounts 20062,3 M €
18/12/1986
IncorporationPublic limited company

BROWNING International

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