ACTIVE

FERRERO ARDENNES

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Financial year 2025 · Closed on 31/08/2025

Net result11,7 M €+33,0 %over 1 year

Revenue174,2 M €-3,5 %over 1 year

Equity170,4 M €+7,4 %over 1 year

Workforce1 228,1 ETP-0,5 %over 1 year

Identity

Source · BCE/KBO

FERRERO ARDENNES is a Public limited company incorporated in 1988. Its main activity is: Manufacture of cocoa, chocolate and sugar confectionery. Its registered office is in Arlon. It employs on average 1 228,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0434.445.776
Incorporation: 27/05/1988
Legal form: Public limited company
Registered office: Rue Pietro-Ferrero 5
6700 Arlon · WallonieSee on map
Contributed capital: 115 545 000,00 €
Latest accounts: 31/08/2025
Average workforce: 1 228,1 ETP

Activities (NACE)

10820Manufacture of cocoa, chocolate and sugar confectionery· main 10820Manufacture of cocoa, chocolate and sugar confectionery 15840Manufacture of leather and related products 71209Technical testing and analysis 71209Technical testing and analysis 74302Translation and interpretation activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	174,2 M €	-3.5%	180,5 M €	+7.1%	168,6 M €	+44.8%	116,5 M €	+0.5%	115,8 M €
EBITDA	48,7 M €	+7.2%	45,4 M €	+14.4%	39,7 M €	+99.1%	19,9 M €	-30.8%	28,8 M €
Operating result	17,1 M €	+21.6%	14,1 M €	+11.5%	12,6 M €	+758%	1,5 M €	-86.2%	10,6 M €
Net result	11,7 M €	+33.0%	8,8 M €	+5.9%	8,3 M €	+865%	861,9 k €	-88.3%	7,4 M €
Balance sheet
Equity	170,4 M €	+7.4%	158,7 M €	+5.9%	149,9 M €	+5.9%	141,6 M €	+0.6%	140,7 M €
Total assets	230,6 M €	-4.2%	240,6 M €	+0.1%	240,4 M €	-1.9%	244,9 M €	+35.3%	181 M €
Cash	3,5 M €	+20.8%	2,9 M €	+26.9%	2,3 M €	+19.3%	1,9 M €	+330%	442,8 k €
Debts	59,1 M €	-26.4%	80,2 M €	-9.8%	89 M €	-12.3%	101,4 M €	+167%	38 M €
Other
Workforce	1 228,1 ETP	-0.5%	1 234,4 ETP	-15.8%	1 465,4 ETP	+8.6%	1 349,6 ETP	+34.7%	1 002,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/08/2025

5 active · 18 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alberto CECI	Director10/04/2024 → 26/01/2026
Daniele PEROTTINO	Director10/04/2024 → 26/01/2026
Enrico CARBONI	Director10/04/2024 → 26/01/2026
Maria CRIVARO	Director10/02/2025 → 26/01/2026
Gabriele BERETTA	Director14/05/2020 → 10/02/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Illario BULGHERONI	Director22/02/2023 → 10/04/2024
Giovanni NASI	Director22/02/2023 → 28/03/2023Managing director21/02/2022 → 2022 accounts

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	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/02/2026	11/03/2025	18/03/2024	06/03/2023	28/02/2022	09/02/2021
General meeting	26/01/2026	10/02/2025	29/01/2024	22/02/2023	31/01/2022	25/01/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/08/2025	26/01/2026	23/02/2026	French	PDF
Full model	31/08/2024	10/02/2025	11/03/2025	French	PDF
Full model	31/08/2023	29/01/2024	18/03/2024	French	PDF
Full model	31/08/2022	22/02/2023	06/03/2023	French	PDF
Full model	31/08/2021	31/01/2022	28/02/2022	French	PDF
Full model	31/08/2020	25/01/2021	09/02/2021	French	PDF
Full model	31/08/2019	27/01/2020	14/02/2020	French	PDF
Full model	31/08/2018	20/02/2019	22/02/2019	French	PDF
Full model	31/08/2017	01/02/2018	02/02/2018	French	PDF
Full model	31/08/2016	02/02/2017	07/02/2017	French	PDF
Full model	31/08/2015	25/01/2016	28/01/2016	French	PDF
Full model	31/08/2014	26/01/2015	18/02/2015	French	PDF
Full model	31/08/2013	27/01/2014	13/02/2014	French	PDF
Full model	31/08/2012	28/01/2013	03/04/2013	French	PDF
Full model	31/08/2011	30/01/2012	21/02/2012	French	PDF
Full model	31/08/2010	31/01/2011	17/02/2011	French	PDF
Full model	31/08/2009	25/01/2010	11/02/2010	French	PDF
Full model	31/08/2008	26/01/2009	24/02/2009	French	PDF
Full model	31/08/2007	28/01/2008	28/02/2008	French	PDF
Full model	31/08/2006	29/01/2007	28/02/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/08/2025

5 active · 18 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alberto CECI	Director10/04/2024 → 26/01/2026
Daniele PEROTTINO	Director10/04/2024 → 26/01/2026
Enrico CARBONI	Director10/04/2024 → 26/01/2026
Maria CRIVARO	Director10/02/2025 → 26/01/2026
Gabriele BERETTA	Director14/05/2020 → 10/02/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Illario BULGHERONI	Director22/02/2023 → 10/04/2024
Giovanni NASI	Director22/02/2023 → 28/03/2023Managing director21/02/2022 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2020
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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Alberto CECI

Maria CRIVARO

Enrico CARBONI

Daniele PEROTTINO

Gabriele BERETTA

Illario BULGHERONI

Giovanni NASI

Ilario BULGHERONI

Marco ARVIGO

Giulio CARONE

Giuglio CARONE

Marco DEL MONACO

Show the 11 other mandates

198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

FERRERO ARDENNES

Rue Pietro-Ferrero 5, 6700 Arlon

Director

Chairman of the board of directorsManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Pietro-Ferrero 5, 6700 ArlonCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00044241

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FERRERO ARDENNESCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00044241

Events

2025
Annual accounts 202511,7 M €↑
15/02/2025
nominationGriet Helsen · représentant permanent du commissaire
10/02/2025
reconductionEnrico CARBONI · administrateur
10/02/2025
reconductionAlberto CECI · administrateur
10/02/2025
reconductionDaniele PEROTTINO · administrateur
05/02/2025
nominationMaria CRIVARO · administrateur
2024
Annual accounts 20248,8 M €↑
15/07/2024
nominationMélanie Adorante · représentant permanent du commissaire
10/04/2024
nominationEnrico CARBONI · administrateur
10/04/2024
nominationAlberto CECI · administrateur
10/04/2024
nominationDaniele PEROTTINO · administrateur
25/01/2024
reconductionPricewaterhouseCoopers Réviseurs d'Entreprises · commissaire
2023
Annual accounts 20238,3 M €↑
2022
Annual accounts 2022861,9 k €↓
2021
Annual accounts 20217,4 M €↓
2020
Annual accounts 202011,5 M €↑
2019
Annual accounts 201910,5 M €↓
2018
Annual accounts 201811,2 M €↑
2017
Annual accounts 20175,2 M €↓
2016
Annual accounts 20168,7 M €↓
2015
Annual accounts 201510,2 M €↑
2014
Annual accounts 20149,2 M €↑
2013
Annual accounts 20139 M €↓
2012
Annual accounts 201214 M €↑
2011
Annual accounts 201113,7 M €↓
2010
Annual accounts 201015 M €↑
2009
Annual accounts 200911,5 M €↑
2007
Annual accounts 200710,6 M €
27/05/1988
IncorporationPublic limited company

FERRERO ARDENNES

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Registered offices

Company names

Events