ACTIVE

FIMASER

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Financial year 2025 · closed on 31/12/2025

Net result

2 M €

-57.7% YoY

Revenue

24,9 M €

-0.4% YoY

Equity

20,7 M €

+5.1% YoY

Workforce

90,3 ETP

+6.1% YoY

What does FIMASER do?

FIMASER is a Public limited company incorporated in 1988. Its main activity is: Other credit granting. Its registered office is in Bruxelles. It employs on average 90,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.818.930

Incorporation

01/07/1988

Legal form

Public limited company

Registered office

Boulevard Baudouin 29 box 3b
1000 Bruxelles · BruxellesSee on map

Contributed capital

8 655 202,00 €

Latest accounts

31/12/2025

Average workforce

90,3 ETP

Activities (NACE)

64921Other credit granting· main 64921Other credit granting 65221Reinsurance

Joint committees (2)

Signals

ProfitablePositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	24,9 M €	-0.4%	25 M €	+16.5%	21,4 M €	+26.0%	17 M €	-2.3%	17,4 M €	-13.9%	20,2 M €	-5.9%	21,5 M €	-3.9%	22,3 M €	-4.6%	23,4 M €	-2.4%	24 M €	-8.2%	26,1 M €	-4.9%	27,4 M €	-4.0%	28,6 M €	-0.1%	28,6 M €	+12.1%	25,5 M €	+8.1%	23,6 M €	-0.6%	23,8 M €	+9.4%	21,7 M €
EBITDA	6,5 M €	-7.5%	7,1 M €	-25.2%	9,4 M €	+153%	3,7 M €	-16.0%	4,4 M €	-9.1%	4,9 M €	-37.3%	7,8 M €	+30.1%	6 M €	-20.2%	7,5 M €	-13.2%	8,6 M €	-5.8%	9,2 M €	-11.1%	10,3 M €	-23.0%	13,4 M €	+3.5%	13 M €	+18.8%	10,9 M €	-3.0%	11,2 M €	-6.9%	12,1 M €	+6.5%	11,3 M €
Operating result	8,9 M €	-30.1%	12,7 M €	+48.2%	8,6 M €	+122%	3,9 M €	-31.6%	5,6 M €	-35.0%	8,7 M €	-13.8%	10,1 M €	+28.0%	7,9 M €	+3.7%	7,6 M €	+3.3%	7,4 M €	-12.7%	8,4 M €	-16.9%	10,1 M €	-6.6%	10,8 M €	+4.0%	10,4 M €	+27.6%	8,2 M €	+10.1%	7,4 M €	-14.2%	8,6 M €	+0.7%	8,6 M €
Net result	2 M €	-57.7%	4,7 M €	+45.8%	3,2 M €	+38.5%	2,3 M €	-31.9%	3,4 M €	-50.9%	7 M €	-6.6%	7,5 M €	+44.4%	5,2 M €	+31.8%	3,9 M €	+9.3%	3,6 M €	-19.6%	4,5 M €	+42.8%	3,1 M €	-30.5%	4,5 M €	+36.3%	3,3 M €	-6.9%	3,6 M €	+10.7%	3,2 M €	+41.3%	2,3 M €	+28.9%	1,8 M €
Balance sheet
Equity	20,7 M €	+5.1%	19,7 M €	+13.7%	17,3 M €	0.0%	17,3 M €	0.0%	17,3 M €	0.0%	17,3 M €	-14.7%	20,3 M €	-10.9%	22,7 M €	-17.4%	27,5 M €	+16.7%	23,6 M €	-0.0%	23,6 M €	0.0%	23,6 M €	0.0%	23,6 M €	0.0%	23,6 M €	+16.4%	20,3 M €	+21.3%	16,7 M €	+23.9%	13,5 M €	+20.4%	11,2 M €
Total assets	223,5 M €	+1.3%	220,5 M €	+10.8%	199,1 M €	+13.1%	176 M €	+7.2%	164,2 M €	+3.1%	159,3 M €	-11.6%	180,2 M €	-1.8%	183,5 M €	-2.7%	188,7 M €	-1.5%	191,5 M €	-5.3%	202,2 M €	-7.1%	217,6 M €	-0.4%	218,6 M €	-0.1%	218,8 M €	+4.3%	209,7 M €	+0.1%	209,6 M €	+11.2%	188,4 M €	+7.8%	174,9 M €
Cash	10,8 M €	+14.6%	9,4 M €	-21.9%	12 M €	+7.2%	11,2 M €	+4.0%	10,8 M €	-7.2%	11,6 M €	+1.1%	11,5 M €	-18.0%	14 M €	-9.5%	15,5 M €	+2.0%	15,2 M €	-1.6%	15,4 M €	-20.8%	19,5 M €	+52.6%	12,8 M €	-0.1%	12,8 M €	-1.3%	12,9 M €	-6.8%	13,9 M €	+68.3%	8,3 M €	-0.4%	8,3 M €
Debts	200,5 M €	+1.3%	198 M €	+10.7%	178,8 M €	+14.5%	156,2 M €	+8.0%	144,6 M €	+4.7%	138,1 M €	-11.4%	155,8 M €	-0.2%	156,2 M €	-0.7%	157,3 M €	-4.0%	163,9 M €	-6.5%	175,3 M €	-8.0%	190,6 M €	-0.5%	191,6 M €	+0.0%	191,6 M €	+2.6%	186,7 M €	-2.1%	190,7 M €	+11.4%	171,1 M €	+7.7%	158,9 M €
Other
Workforce	90,3 ETP	+6.1%	85,1 ETP	+14.8%	74,1 ETP	+15.2%	64,3 ETP	-2.6%	66,0 ETP	+3200%	2,0 ETP	-96.8%	62,2 ETP	+1.3%	61,4 ETP	-3.5%	63,6 ETP	-0.3%	63,8 ETP	+1.8%	62,7 ETP	+7.5%	58,3 ETP	+6.6%	54,7 ETP	+4.4%	52,4 ETP	-2.1%	53,5 ETP	+9.0%	49,1 ETP	+11.6%	44,0 ETP	-0.2%	44,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2019 · 7 active · 63 ended

Active mandates

Benoit CLAQUIN

Director · since 11 juin 2019 · until 12 juin 2020

Active

David KESTERMANS

Director · since 11 juin 2019 · until 12 juin 2022

Active

Eldira JARAZI TRUCHAUD

Director · since 11 juin 2019 · until 12 juin 2022

Active

Luc VANKEERBERGHEN

Managing director · since 01 janvier 2019 · until 09 juin 2020

Active

Bart VERVENNE

Director · since 12 juin 2018 · until 08 juin 2021

Active

Francis COSTENOBLE

Director · since 12 juin 2018 · until 08 juin 2021

Active

Frédéric MAZURIER

Chairman of the board of directors · since 09 janvier 2018 · until 09 juin 2020

Active

Ended mandates

Luc VANKEERBERGHEN

Managing director · since 19 décembre 2018 · until 09 juin 2020

Ended

Benoit CLAQUIN

Director · since 12 juin 2018 · until 11 juin 2019

Ended

David KESTERMANS

Director · since 09 janvier 2018 · until 11 juin 2019

Ended

Francis COSTENOBLE

Director · since 09 janvier 2018 · until 12 juin 2018

Ended

At this address

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BUY WAY CONSUMER FINANCE● Active	0544.585.120
Buy Way Personal Finance● Active	0400.282.277
BUY WAY SERVICES● Active	0456.997.880
BUY WAY VAT GROUP● Active	0782.937.280
Just Eat Take Away unité TVA● Active	0787.389.085
Ticketmaster Belgium● Active	0459.784.453

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	12/06/2026	23/06/2025	28/06/2024	05/07/2023	04/07/2022	24/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	09/06/2026	12/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	23/06/2025	French	PDF
Full model	31/12/2023	11/06/2024	28/06/2024	French	PDF
Full model	31/12/2022	13/06/2023	05/07/2023	French	PDF
Full model	31/12/2021	14/06/2022	04/07/2022	French	PDF
Full model	31/12/2020	08/06/2021	24/06/2021	French	PDF
Full model	31/12/2019	09/06/2020	09/10/2020	French	PDF
Full model	31/12/2018	11/06/2019	18/07/2019	French	PDF
Full model	31/12/2017	12/06/2018	12/07/2018	French	PDF
Full model	31/12/2016	13/06/2017	10/07/2017	French	PDF
Full model	31/12/2015	14/06/2016	12/07/2016	French	PDF
Full model	31/12/2014	09/06/2015	16/07/2015	French	PDF
Full model	31/12/2013	10/06/2014	08/08/2014	French	PDF
Full model	31/12/2012	14/05/2013	06/08/2013	French	PDF
Full model	31/12/2011	08/05/2012	12/07/2012	French	PDF
Full model	31/12/2010	10/05/2011	29/07/2011	French	PDF
Full model	31/12/2009	11/05/2010	26/07/2010	French	PDF
Full model	31/12/2008	12/05/2009	30/07/2009	French	PDF
Full model	31/12/2007	13/05/2008	22/10/2008	French	PDF
Full modelCorrection	31/12/2006	08/05/2007	09/11/2007	French	PDF
Full model	31/12/2006	08/05/2007	25/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2019 · 7 active · 63 ended

Active mandates

Benoit CLAQUIN

Director · since 11 juin 2019 · until 12 juin 2020

Active

David KESTERMANS

Director · since 11 juin 2019 · until 12 juin 2022

Active

Eldira JARAZI TRUCHAUD

Director · since 11 juin 2019 · until 12 juin 2022

Active

Luc VANKEERBERGHEN

Managing director · since 01 janvier 2019 · until 09 juin 2020

Active

Bart VERVENNE

Director · since 12 juin 2018 · until 08 juin 2021

Active

Francis COSTENOBLE

Director · since 12 juin 2018 · until 08 juin 2021

Active

Frédéric MAZURIER

Chairman of the board of directors · since 09 janvier 2018 · until 09 juin 2020

Active

Ended mandates

Luc VANKEERBERGHEN

Managing director · since 19 décembre 2018 · until 09 juin 2020

Ended

Benoit CLAQUIN

Director · since 12 juin 2018 · until 11 juin 2019

Ended

David KESTERMANS

Director · since 09 janvier 2018 · until 11 juin 2019

Ended

Francis COSTENOBLE

Director · since 09 janvier 2018 · until 12 juin 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/12/2025
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates29/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office12/05/2022
SIEGE SOCIAL
PDF
Other26/04/2022
DIVERS
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 20252 M €↓
02/12/2025
nominationMatthias Locker — administrateur non-exécutif et membre du Comite d'audit
2024
Annual accounts 20244,7 M €↑
11/06/2024
reconductionChristian Cuney — Administrateur non-exécutif
11/06/2024
reconductionSébastien Cayla — Administrateur non exécutif
04/06/2024
nominationJoao Miguel DOS SANTOS LEANDRO — Administrateur non-exécutif, Président du Conseil d'Administration et Président du Comité d'Audit
04/06/2024
reconductionN. Van Laethem — Commissaire aux Comptes
14/05/2024
nominationChristian CUNEY — Administrateur non exécutif
2023
Annual accounts 20233,2 M €↑
13/06/2023
reconductionB. Dubertret — Président du Conseil d'Administration et de Président du comité d'Audit
13/06/2023
reconductionL. Vankeerberghen — Administrateur Exécutif
21/03/2023
nominationSébastien Cayla — administrateur non exécutif
21/03/2023
nominationS. Cayla — administrateur
01/03/2023
nominationLaurent Bernard — membre de la direction effective et CFO
2022
Annual accounts 20222,3 M €↓
14/06/2022
nominationArpineh Cholakian — administrateur non exécutif
14/06/2022
reconductionDavid Kestermans — administrateur
14/06/2022
nominationArpineh Cholakian — administrateur
2021
Annual accounts 20213,4 M €↓
2020
Annual accounts 20207 M €↓
2019
Annual accounts 20197,5 M €↑
2018
Annual accounts 20185,2 M €↑
2017
Annual accounts 20173,9 M €↑
2016
Annual accounts 20163,6 M €↓
2015
Annual accounts 20154,5 M €↑
2014
Annual accounts 20143,1 M €↓
2013
Annual accounts 20134,5 M €↑
2012
Annual accounts 20123,3 M €↓
2011
Annual accounts 20113,6 M €↑
2010
Annual accounts 20103,2 M €↑
2009
Annual accounts 20092,3 M €↑
2008
Annual accounts 20081,8 M €
01/07/1988
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

FIMASER

Overview

What does FIMASER 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