ACTIVE

FIEVET

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

66,7 k €

-5.7% YoY

Gross margin

222,1 k €

+0.8% YoY

Equity

285,5 k €

+30.5% YoY

What does FIEVET do?

FIEVET is a Public limited company incorporated in 1987. Its main activity is: Reinsurance. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.648.722

Incorporation

05/03/1987

Legal form

Public limited company

Registered office

Place d'Italie 1 box 002
4020 Liège · WallonieSee on map

Contributed capital

61 969,77 €

Latest accounts

31/12/2025

Activities (NACE)

65200Reinsurance· main 65200Reinsurance 66220Activities of insurance agents and brokers 66220Activities of insurance agents and brokers 67201Agents et courtiers d'assurances

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	222,1 k €	+0.8%	220,3 k €	+10.3%	199,6 k €	+32.2%	151 k €	-1.2%	153 k €	+7.2%	142,7 k €	+3.1%	138,3 k €	-5.7%	146,6 k €	+22.2%	120 k €	-2.2%	122,8 k €	+8.8%	112,9 k €	+12.7%	100,1 k €	+4.3%	96 k €	+11.8%	85,9 k €	+13.6%	75,6 k €	+10.1%	68,6 k €	+13.1%	60,7 k €	-8.1%	66 k €	-46.1%	122,4 k €	+48.3%	82,5 k €
EBITDA	102,7 k €	-6.4%	109,7 k €	+22.5%	89,5 k €	+52.4%	58,7 k €	-27.6%	81,1 k €	+31.6%	61,6 k €	+4.5%	59 k €	-15.8%	70 k €	+74.4%	40,2 k €	-11.6%	45,4 k €	+13.5%	40 k €	+16.5%	34,3 k €	+12.1%	30,6 k €	+84.3%	16,6 k €	-27.6%	23 k €	+26.2%	18,2 k €	+61.0%	11,3 k €	-36.5%	17,8 k €	-77.7%	79,8 k €	+98.3%	40,3 k €
Operating result	89 k €	-5.4%	94,1 k €	+20.8%	77,9 k €	+54.1%	50,6 k €	-32.0%	74,4 k €	+38.3%	53,8 k €	+7.8%	49,9 k €	-18.6%	61,3 k €	+101%	30,5 k €	-22.1%	39,2 k €	+22.8%	31,9 k €	+4.7%	30,5 k €	+22.0%	25 k €	+82.4%	13,7 k €	-25.0%	18,3 k €	+52.2%	12 k €	+116%	5,6 k €	-56.8%	12,9 k €	-79.7%	63,6 k €	+198%	21,4 k €
Net result	66,7 k €	-5.7%	70,7 k €	+28.6%	55 k €	+58.8%	34,6 k €	-33.9%	52,4 k €	+38.4%	37,9 k €	+14.8%	33 k €	-19.5%	41 k €	+115%	19,1 k €	-21.5%	24,3 k €	+25.1%	19,4 k €	+10.2%	17,6 k €	+24.1%	14,2 k €	+118%	6,5 k €	-37.3%	10,4 k €	+67.4%	6,2 k €	+107%	3 k €	-56.2%	6,9 k €	-82.6%	39,4 k €	+220%	12,3 k €
Balance sheet
Equity	285,5 k €	+30.5%	218,8 k €	+26.4%	173,1 k €	+16.9%	148,1 k €	+11.0%	133,5 k €	+32.1%	101,1 k €	+14.6%	88,2 k €	+17.2%	75,3 k €	+2.0%	73,8 k €	+1.5%	72,8 k €	-6.1%	77,5 k €	+13.8%	68,1 k €	+34.9%	50,5 k €	+39.1%	36,3 k €	+21.9%	29,8 k €	+53.6%	19,4 k €	+47.1%	13,2 k €	+29.5%	10,2 k €	+207%	3,3 k €	-57.9%	7,9 k €
Total assets	542,1 k €	+13.7%	476,7 k €	+21.8%	391,2 k €	+10.3%	354,5 k €	-1.2%	359 k €	+5.3%	340,8 k €	+43.4%	237,7 k €	-22.5%	306,7 k €	+8.8%	281,8 k €	-0.0%	281,9 k €	-2.5%	289 k €	+36.6%	211,6 k €	+9.3%	193,6 k €	+27.1%	152,3 k €	-1.5%	154,6 k €	+15.2%	134,2 k €	-30.8%	194,1 k €	+40.2%	138,4 k €	-40.1%	231 k €	+1.5%	227,5 k €
Cash	519,9 k €	+16.9%	444,8 k €	+26.5%	351,7 k €	+3.9%	338,4 k €	+1.5%	333,5 k €	+5.0%	317,5 k €	+53.2%	207,3 k €	-8.5%	226,5 k €	+0.6%	225,2 k €	-5.4%	238,2 k €	+0.4%	237,2 k €	+22.3%	193,9 k €	+8.7%	178,4 k €	+30.1%	137,2 k €	-2.3%	140,4 k €	+18.1%	118,9 k €	-34.2%	180,7 k €	+43.2%	126,2 k €	-23.2%	164,3 k €	+49.4%	109,9 k €
Debts	252,6 k €	+0.8%	250,5 k €	+15.9%	216,1 k €	+6.6%	202,8 k €	-8.9%	222,5 k €	-0.4%	223,4 k €	+56.5%	142,8 k €	-37.7%	229,2 k €	+12.1%	204,5 k €	-1.5%	207,5 k €	+1.5%	204,6 k €	+46.2%	139,9 k €	-0.3%	140,4 k €	+26.5%	111 k €	+1.8%	109,1 k €	+1.6%	107,4 k €	-40.2%	179,6 k €	+45.7%	123,3 k €	-45.2%	225 k €	+3.7%	217,1 k €
Other
Workforce	–		–		–		–		1,7 ETP	0.0%	1,7 ETP	+6.2%	1,6 ETP	0.0%	1,6 ETP	-20.0%	2,0 ETP	+5.3%	1,9 ETP	+18.7%	1,6 ETP	+6.7%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+36.4%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP

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 · 16 ended

Active mandates

Renaud Paul Gasquard

Director

Active

Ended mandates

ADRIX

Director · since 02 mai 2019 · until 30 juin 2025 · 0899.108.737

Represented by Renaud Paul GASQUARD

Ended

Renaud Paul GASQUARD

Managing director · since 02 mai 2019 · until 30 juin 2025

Ended

ADRIX

Director · since 02 mai 2013 · until 30 juin 2019 · 0899.108.737

Represented by Renaud Paul GASQUARD

Ended

ADRIX

Director · since 02 mai 2013 · until 30 juin 2019 · 0899.108.737

Represented by Renaud Paul GASQUARD

Ended

At this address

Other companies at this address

Company	CBE no.
A.C.P. PLACE D'ITALIE 1● Active	0850.085.036
ALBERT DELHALLE ET FILS● Active	0419.623.681
RY CONSULTANCY MANAGEMENT AND DEVELOPMENT● Active	0833.343.628

Annual accounts

Full financial information

	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	18/08/2026	14/01/2026	27/08/2024	29/08/2023	30/08/2022	31/08/2021
General meeting	14/08/2026	04/05/2025	05/05/2024	07/05/2023	01/05/2022	05/05/2021
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

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	14/08/2026	18/08/2026	French	PDF
Abridged model	31/12/2024	04/05/2025	14/01/2026	French	PDF
Abridged model	31/12/2023	05/05/2024	27/08/2024	French	PDF
Abridged model	31/12/2022	07/05/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	01/05/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	05/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	09/07/2020	27/08/2020	French	PDF
Abridged model	31/12/2018	02/05/2019	22/05/2019	French	PDF
Abridged model	31/12/2017	02/05/2018	19/06/2018	French	PDF
Abridged model	31/12/2016	03/05/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	04/05/2016	07/07/2016	French	PDF
Abridged model	31/12/2014	06/05/2015	17/06/2015	French	PDF
Abridged model	31/12/2013	03/05/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	02/05/2013	05/08/2013	French	PDF
Abridged model	31/12/2011	02/05/2012	01/08/2012	French	PDF
Abridged model	31/12/2010	04/05/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	05/05/2010	24/06/2010	French	PDF
Abridged model	31/12/2008	06/05/2009	23/07/2009	French	PDF
Abridged model	31/12/2007	28/05/2008	16/07/2008	French	PDF
Abridged model	31/12/2006	30/05/2007	27/06/2007	French	PDF

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 · 16 ended

Active mandates

Renaud Paul Gasquard

Director

Active

Ended mandates

ADRIX

Director · since 02 mai 2019 · until 30 juin 2025 · 0899.108.737

Represented by Renaud Paul GASQUARD

Ended

Renaud Paul GASQUARD

Managing director · since 02 mai 2019 · until 30 juin 2025

Ended

ADRIX

Director · since 02 mai 2013 · until 30 juin 2019 · 0899.108.737

Represented by Renaud Paul GASQUARD

Ended

ADRIX

Director · since 02 mai 2013 · until 30 juin 2019 · 0899.108.737

Represented by Renaud Paul GASQUARD

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates17/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates25/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates18/02/2014
DEMISSIONS, NOMINATIONS
PDF
Dissolution26/11/2008
Extrait de l'acte de nomination -adrninistrateurs; Extrait de l'acte de cessation
PDF
Capital / shares04/01/2008
Augmentation de capital et conversion en euros - adaptation des statuts au
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 202566,7 k €↓
2024
Annual accounts 202470,7 k €↑
2023
Annual accounts 202355 k €↑
2022
Annual accounts 202234,6 k €↓
2021
Annual accounts 202152,4 k €↑
2020
Annual accounts 202037,9 k €↑
2019
Annual accounts 201933 k €↓
2018
Annual accounts 201841 k €↑
2017
Annual accounts 201719,1 k €↓
2016
Annual accounts 201624,3 k €↑
2015
Annual accounts 201519,4 k €↑
2014
Annual accounts 201417,6 k €↑
2013
Annual accounts 201314,2 k €↑
2012
Annual accounts 20126,5 k €↓
2011
Annual accounts 201110,4 k €↑
2010
Annual accounts 20106,2 k €↑
2009
Annual accounts 20093 k €↓
2008
Annual accounts 20086,9 k €↓
2007
Annual accounts 200739,4 k €↑
2006
Annual accounts 200612,3 k €
05/03/1987
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

FIEVET

Overview

What does FIEVET do?

Trend over 20 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