ACTIVE

F.I.R.M.

Financial year 2025 · Closed on 31/12/2025

Net result94,7 k €-23,3 %over 1 year

Gross margin369,6 k €-10,6 %over 1 year

Equity353,5 k €-5,2 %over 1 year

Identity

Source · BCE/KBO

F.I.R.M. is a Public limited company incorporated in 1988. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0434.922.363
Incorporation: 07/07/1988
Legal form: Public limited company
Registered office: Rue de la Casquette 5
4000 Liège · WallonieSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

55301Camping grounds, recreational vehicle parks and trailer parks· main 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	369,6 k €	-10.6%	413,6 k €	+39.5%	296,5 k €	+8.1%	274,3 k €	+104%	134,7 k €
EBITDA	139,8 k €	-25.6%	187,9 k €	+105%	91,7 k €	-13.3%	105,7 k €	+49.3%	70,8 k €
Operating result	133,3 k €	-25.5%	179 k €	+117%	82,5 k €	-14.6%	96,6 k €	+60.0%	60,4 k €
Net result	94,7 k €	-23.3%	123,5 k €	+126%	54,7 k €	-14.5%	64 k €	+6.7%	59,9 k €
Balance sheet
Equity	353,5 k €	-5.2%	372,7 k €	+19.1%	312,9 k €	+21.2%	258,2 k €	-27.8%	357,5 k €
Total assets	546,7 k €	-8.9%	599,9 k €	+27.2%	471,8 k €	+13.9%	414,2 k €	-11.3%	466,9 k €
Cash	485,1 k €	-10.9%	544,5 k €	+33.7%	407,2 k €	+12.0%	363,7 k €	-8.3%	396,7 k €
Debts	193,2 k €	-14.9%	227,2 k €	+45.0%	156,7 k €	+7.7%	145,6 k €	+35.6%	107,4 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 15 ended

Active mandates

Etienne Senny

Director · since 15 novembre 2025 · until 26 mai 2031

Active

Ippolida Gianesin

Director · since 16 août 2022 · until 14 novembre 2025

Active

Jean-Philippe Frenoy

Director · since 16 août 2022 · until 26 mai 2031

Active

Thierry Bedeur

Director · since 16 août 2022 · until 14 novembre 2025

Active

Ended mandates

Ippolida Gianesin

Director · since 16 août 2022 · until 16 août 2028

Ended

Jean-Philippe Frenoy

Director · since 16 août 2022 · until 16 août 2028

Ended

Thierry Bedeur

Director · since 16 août 2022 · until 16 août 2028

Ended

Ippolida GIANESIN

Director · since 01 juillet 2002

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/08/2026	12/08/2025	27/09/2024	29/08/2023	31/08/2022	31/08/2021
General meeting	30/07/2026	31/07/2025	27/05/2024	28/08/2023	16/07/2022	31/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/07/2026	29/08/2026	French	PDF
Micro model	31/12/2024	31/07/2025	12/08/2025	French	PDF
Micro model	31/12/2023	27/05/2024	27/09/2024	French	PDF
Micro model	31/12/2022	28/08/2023	29/08/2023	French	PDF
Micro model	31/12/2021	16/07/2022	31/08/2022	French	PDF
Micro model	31/12/2020	31/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	25/05/2020	31/10/2020	French	PDF
Micro model	31/12/2018	27/05/2019	26/08/2019	French	PDF
Micro model	31/12/2017	28/05/2018	24/07/2018	French	PDF
Micro model	31/12/2016	29/05/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	30/05/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	25/05/2015	05/08/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	28/05/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	20/07/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	30/08/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 15 ended

Active mandates

Etienne Senny

Director · since 15 novembre 2025 · until 26 mai 2031

Active

Ippolida Gianesin

Director · since 16 août 2022 · until 14 novembre 2025

Active

Jean-Philippe Frenoy

Director · since 16 août 2022 · until 26 mai 2031

Active

Thierry Bedeur

Director · since 16 août 2022 · until 14 novembre 2025

Active

Ended mandates

Ippolida Gianesin

Director · since 16 août 2022 · until 16 août 2028

Ended

Jean-Philippe Frenoy

Director · since 16 août 2022 · until 16 août 2028

Ended

Thierry Bedeur

Director · since 16 août 2022 · until 16 août 2028

Ended

Ippolida GIANESIN

Director · since 01 juillet 2002

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/12/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office31/01/2023
SIEGE SOCIAL
PDF
Mandates18/08/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates27/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/05/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates07/05/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2009
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 202594,7 k €↓
2025
Name changeF.I.R.M.
2024
Annual accounts 2024123,5 k €↑
2023
Annual accounts 202354,7 k €↓
2022
Annual accounts 202264 k €↑
2021
Annual accounts 202159,9 k €↑
2021
Name changeFIRM SA
2020
Annual accounts 2020-26,7 k €↓
2019
Annual accounts 201967,3 k €↑
2018
Annual accounts 2018-43,2 k €↓
2017
Annual accounts 201744,1 k €↑
2016
Annual accounts 201627,1 k €↓
2015
Annual accounts 201563,2 k €↑
2014
Annual accounts 201434,5 k €↑
2013
Annual accounts 20132,5 k €↓
2012
Annual accounts 201236,6 k €↓
2011
Annual accounts 201149,3 k €↓
2010
Annual accounts 201061,7 k €↑
2009
Annual accounts 200928,7 k €↑
2008
Annual accounts 2008-6,7 k €↓
2007
Annual accounts 200716,6 k €↑
2006
Annual accounts 20067,9 k €
07/07/1988
IncorporationPublic limited company

F.I.R.M.

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