ACTIVE

FIDAGH

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Financial year 2025 · closed on 31/12/2025

Net result

-729,2 k €

+0.7% YoY

Equity

15,4 M €

-34.8% YoY

What does FIDAGH do?

FIDAGH is a Public limited company incorporated in 1986. Its registered office is in Charleroi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.140.659

Incorporation

23/12/1986

Legal form

Public limited company

Registered office

Avenue Jean Mermoz 1 box 4
6041 Charleroi · WallonieSee on map

Contributed capital

11 928 631,02 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		33,2 k €	+14.5%	29 k €		–
EBITDA	-3,5 M €	-125%	-1,6 M €	-77.5%	-876,2 k €	+83.1%	-5,2 M €	-1746%	-281,2 k €	-23.8%	-227,2 k €	-2.6%	-221,5 k €	-21.5%	-182,3 k €	+30.3%	-261,7 k €	-11.4%	-234,8 k €	+58.4%	-564,8 k €	-118%	-259,5 k €	-18.9%	-218,3 k €	+6.8%	-234,4 k €	+4.0%	-244,2 k €	-66.0%	-147,1 k €	-10.8%	-132,8 k €	+81.6%	-722,4 k €
Operating result	-2,9 M €	-30.6%	-2,2 M €	-157%	-866,4 k €	+83.3%	-5,2 M €	-794%	-579,7 k €	-27.8%	-453,4 k €	-41.3%	-320,8 k €	-59.2%	-201,4 k €	+23.0%	-261,7 k €	-11.4%	-234,8 k €	+58.4%	-564,8 k €	-110%	-268,5 k €	-16.2%	-231 k €	+6.8%	-247,8 k €	+0.3%	-248,7 k €	-64.0%	-151,6 k €	-13.5%	-133,5 k €	+81.5%	-722,4 k €
Net result	-729,2 k €	+0.7%	-734,5 k €	+81.5%	-4 M €	+98.1%	-211,2 M €	-90761%	-232,5 k €	+73.2%	-867,6 k €	+70.8%	-3 M €	-2338%	-121,8 k €	-108%	1,5 M €	-3.7%	1,5 M €	-4.1%	1,6 M €	-39.1%	2,6 M €	+184%	927,5 k €	-62.4%	2,5 M €	-24.5%	3,3 M €	+52.5%	2,1 M €	-99.3%	295 M €	+7536%	3,9 M €
Balance sheet
Equity	15,4 M €	-34.8%	23,6 M €	-3.0%	24,4 M €	-14.0%	28,3 M €	-91.1%	317,6 M €	-0.1%	317,8 M €	-0.3%	318,7 M €	-0.9%	321,6 M €	-7.0%	345,8 M €	+0.4%	344,4 M €	+0.4%	342,9 M €	+0.5%	341,3 M €	+0.5%	339,7 M €	-0.3%	340,7 M €	-0.4%	342,1 M €	-0.3%	343 M €	-0.6%	345 M €	+537%	54,2 M €
Total assets	29,6 M €	-3.3%	30,6 M €	-9.6%	33,9 M €	-78.3%	155,9 M €	-51.3%	320 M €	+0.5%	318,5 M €	-0.5%	320,1 M €	-4.3%	334,4 M €	-13.6%	387 M €	+12.3%	344,6 M €	+0.3%	343,6 M €	+0.2%	342,9 M €	+0.4%	341,6 M €	-0.9%	344,6 M €	-0.5%	346,3 M €	-1.1%	350,2 M €	+0.2%	349,5 M €	+498%	58,4 M €
Cash	366,7 k €	+41.6%	258,9 k €	-91.2%	2,9 M €	+94.8%	1,5 M €	+118%	690,1 k €	+1085%	58,2 k €	-89.4%	550,1 k €	-29.8%	783,4 k €	-73.5%	3 M €	+8.0%	2,7 M €	-78.8%	12,9 M €	+131%	5,6 M €	+6.0%	5,3 M €	+8.3%	4,8 M €	-56.6%	11,2 M €	-48.8%	21,8 M €	-19.6%	27,2 M €	+9.7%	24,8 M €
Debts	14,1 M €	+106%	6,8 M €	-26.0%	9,2 M €	-92.7%	126,7 M €	+7059%	1,8 M €	+187%	616 k €	-30.0%	880,6 k €	-93.0%	12,6 M €	-69.2%	40,8 M €	+32871%	123,7 k €	-80.6%	637,7 k €	-58.7%	1,5 M €	-22.1%	2 M €	-49.5%	3,9 M €	-6.7%	4,2 M €	-41.2%	7,2 M €	+61.6%	4,4 M €	+3.6%	4,3 M €
Other
Workforce	–		0,5 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

BUZZ MANAGEMENT

Managing director · since 09 juin 2022 · until 08 juin 2028 · 0893.648.825

Represented by Eric Mestgadh

Active

C.A.I.

Chairman of the board of directors · since 09 juin 2022 · until 08 juin 2028 · 0427.151.772

Represented by Carl Mestdagh

Active

M.J.C.M.

Director · since 09 juin 2022 · until 08 juin 2028 · 0893.660.208

Represented by John Mestdagh

Active

Ended mandates

BUZZ MANAGEMENT

Managing director · since 09 juin 2016 · until 09 juin 2022 · 0893.648.825

Represented by Eric Mestdagh

Ended

BUZZ MANAGEMENT

Managing director · since 09 juin 2016 · until 09 juin 2022 · 0893.648.825

Represented by Eric Mestdagh

Ended

C.A.I.

Chairman of the board of directors · since 09 juin 2016 · until 09 juin 2022 · 0427.151.772

Represented by Carl Mestdagh

Ended

C.A.I.

Chairman of the board of directors · since 09 juin 2016 · until 09 juin 2022 · 0427.151.772

Represented by Carl Mestdagh

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	15/06/2026	13/06/2025	14/06/2024	23/06/2023	30/06/2022	15/07/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	09/06/2022	09/07/2021
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

39 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/06/2026	15/06/2026	French	PDF
Full model	31/12/2024	12/06/2025	13/06/2025	French	PDF
Consolidated accounts	31/12/2024	04/07/2025	15/07/2025	French	PDF
Full model	31/12/2023	13/06/2024	14/06/2024	French	PDF
Consolidated accounts	31/12/2023	17/07/2024	18/07/2024	French	PDF
Full model	31/12/2022	08/06/2023	23/06/2023	French	PDF
Consolidated accounts	31/12/2022	—	20/07/2023	French	PDF
Full model	31/12/2021	09/06/2022	30/06/2022	French	PDF
Consolidated accounts	31/12/2021	07/07/2022	19/07/2022	French	PDF
Full model	31/12/2020	10/06/2021	15/06/2021	French	PDF
Consolidated accounts	31/12/2020	09/07/2021	15/07/2021	French	PDF
Full model	31/12/2019	11/06/2020	02/07/2020	French	PDF
Consolidated accounts	31/12/2019	10/07/2020	23/07/2020	French	PDF
Full model	31/12/2018	13/06/2019	19/06/2019	French	PDF
Consolidated accounts	31/12/2018	28/06/2019	11/07/2019	French	PDF
Full model	31/12/2017	14/06/2018	11/07/2018	French	PDF
Consolidated accounts	31/12/2017	29/06/2018	13/07/2018	French	PDF
Full model	31/12/2016	08/06/2017	22/06/2017	French	PDF
Consolidated accounts	31/12/2016	30/06/2017	12/07/2017	French	PDF
Full model	31/12/2015	09/06/2016	29/06/2016	French	PDF
Consolidated accounts	31/12/2015	30/06/2016	06/07/2016	French	PDF
Full model	31/12/2014	11/06/2015	23/06/2015	French	PDF
Consolidated accounts	31/12/2014	30/06/2015	08/07/2015	French	PDF
Full model	31/12/2013	12/06/2014	18/06/2014	French	PDF

View all 39 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

BUZZ MANAGEMENT

Managing director · since 09 juin 2022 · until 08 juin 2028 · 0893.648.825

Represented by Eric Mestgadh

Active

C.A.I.

Chairman of the board of directors · since 09 juin 2022 · until 08 juin 2028 · 0427.151.772

Represented by Carl Mestdagh

Active

M.J.C.M.

Director · since 09 juin 2022 · until 08 juin 2028 · 0893.660.208

Represented by John Mestdagh

Active

Ended mandates

BUZZ MANAGEMENT

Managing director · since 09 juin 2016 · until 09 juin 2022 · 0893.648.825

Represented by Eric Mestdagh

Ended

BUZZ MANAGEMENT

Managing director · since 09 juin 2016 · until 09 juin 2022 · 0893.648.825

Represented by Eric Mestdagh

Ended

C.A.I.

Chairman of the board of directors · since 09 juin 2016 · until 09 juin 2022 · 0427.151.772

Represented by Carl Mestdagh

Ended

C.A.I.

Chairman of the board of directors · since 09 juin 2016 · until 09 juin 2022 · 0427.151.772

Represented by Carl Mestdagh

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates11/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates08/11/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2019
DEMISSIONS, NOMINATIONS
PDF
Restructuring11/01/2018
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring11/01/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring26/10/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring26/10/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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 2025-729,2 k €↑
12/06/2025
nominationBMS & C° — commissaire
2024
Annual accounts 2024-734,5 k €↑
2023
Annual accounts 2023-4 M €↑
2022
Annual accounts 2022-211,2 M €↓
09/06/2022
reconductionSRL CAI — Administrateur
09/06/2022
reconductionSRL MJCM — Administrateur
09/06/2022
reconductionSRL Buzz Management — Administrateur
09/06/2022
reconductionBMS & C° — Commissaire-Réviseur
2021
Annual accounts 2021-232,5 k €↑
2020
Annual accounts 2020-867,6 k €↑
2019
Annual accounts 2019-3 M €↓
2018
Annual accounts 2018-121,8 k €↓
2016
Annual accounts 20161,5 M €↓
2015
Annual accounts 20151,5 M €↓
2014
Annual accounts 20141,6 M €↓
2013
Annual accounts 20132,6 M €↑
2012
Annual accounts 2012927,5 k €↓
2011
Annual accounts 20112,5 M €↓
2010
Annual accounts 20103,3 M €↑
2009
Annual accounts 20092,1 M €↓
2008
Annual accounts 2008295 M €↑
2007
Annual accounts 20073,9 M €
23/12/1986
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

FIDAGH

Overview

What does FIDAGH 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