ACTIVE

Etablissements Fernand NERI

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Financial year 2025 · Closed on 31/12/2025

Net result88,2 k €+157,7 %over 1 year
Revenue40,2 M €+15,2 %over 1 year
Equity1,9 M €+3,4 %over 1 year
Workforce45,7 ETP+5,5 %over 1 year

Identity

Source · BCE/KBO

Etablissements Fernand NERI is a Public limited company incorporated in 1989. Its registered office is in Fléron. It employs on average 45,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.601.237
Incorporation
05/10/1989
Legal form
Public limited company
Registered office
Rue Bureau 69
4621 Fléron · WallonieSee on map
Contributed capital
80 798,05 €
Latest accounts
31/12/2025
Average workforce
45,7 ETP
Joint committees (6)
  • 100
  • 112
  • 11200
  • 200
  • 20000
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue40,2 M €34,9 M €33 M €26,1 M €22,6 M €
EBITDA589,6 k €202,4 k €207,8 k €430,4 k €186,8 k €
Operating result226 k €-90,6 k €-6,5 k €174,2 k €19,2 k €
Net result88,2 k €-152,8 k €-91,9 k €86,8 k €-27,5 k €
Balance sheet
Equity1,9 M €1,8 M €2 M €2,1 M €2 M €
Total assets12,1 M €12 M €8,5 M €5,3 M €6,5 M €
Cash670,6 k €534,7 k €415,1 k €446,3 k €326,8 k €
Debts10,1 M €10 M €6,5 M €3 M €4,4 M €
Other
Workforce45,7 ETP43,3 ETP41,9 ETP41,9 ETP39,8 ETP

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

1 active · 20 ended

Active mandates

EMIL FREY Belgique SA

Director · since 30 octobre 2023 · 0880.777.717

Represented by Frédéric VUARIN

Active

Ended mandates

Frédéric VUARIN

Director · since 25 novembre 2020 · until 11 juin 2026

Ended
EMIL FREY Belgique SA

Managing director · since 16 janvier 2020 · until 15 janvier 2026 · 0880.777.717

Represented by Frédéric VUARIN

Ended
EV MANAGEMENT

Director · since 01 juillet 2018 · until 30 juin 2024 · 0644.981.407

Represented by Sandrine NERI

Ended
EV MANAGEMENT

Managing director · since 01 juillet 2018 · until 16 janvier 2020 · 0644.981.407

Represented by Sandrine NERI

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202622/07/202516/07/202427/07/202325/07/202215/07/2021
General meeting30/06/202627/06/202528/06/202430/06/202330/06/202217/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202617/07/2026FrenchPDF
Full model31/12/202427/06/202522/07/2025FrenchPDF
Full model31/12/202328/06/202416/07/2024FrenchPDF
Full model31/12/202230/06/202327/07/2023FrenchPDF
Full model31/12/202130/06/202225/07/2022FrenchPDF
Full model31/12/202017/06/202115/07/2021FrenchPDF
Full model31/12/201908/09/202008/10/2020FrenchPDF
Full model31/12/201829/06/201919/07/2019FrenchPDF
Full model31/12/201730/06/201810/07/2018FrenchPDF
Full model31/12/201630/06/201718/07/2017FrenchPDF
Full model31/12/201530/06/201606/07/2016FrenchPDF
Full model31/12/201430/06/201503/07/2015FrenchPDF
Full model31/12/201314/07/201425/07/2014FrenchPDF
Full model31/12/201228/08/201330/08/2013FrenchPDF
Full model31/12/201130/06/201228/08/2012FrenchPDF
Full model31/12/201030/06/201130/08/2011FrenchPDF
Full model31/12/200930/06/201006/08/2010FrenchPDF
Full model31/12/200830/06/200901/12/2009FrenchPDF
Abridged model31/12/200730/06/200810/10/2008FrenchPDF
Abridged model31/12/200626/05/200730/10/2007FrenchPDF

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

1 active · 20 ended

Active mandates

EMIL FREY Belgique SA

Director · since 30 octobre 2023 · 0880.777.717

Represented by Frédéric VUARIN

Active

Ended mandates

Frédéric VUARIN

Director · since 25 novembre 2020 · until 11 juin 2026

Ended
EMIL FREY Belgique SA

Managing director · since 16 janvier 2020 · until 15 janvier 2026 · 0880.777.717

Represented by Frédéric VUARIN

Ended
EV MANAGEMENT

Director · since 01 juillet 2018 · until 30 juin 2024 · 0644.981.407

Represented by Sandrine NERI

Ended
EV MANAGEMENT

Managing director · since 01 juillet 2018 · until 16 janvier 2020 · 0644.981.407

Represented by Sandrine NERI

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/11/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates03/02/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring06/09/2019
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring03/06/2019
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202588,2 k €↑
  2. 2024
    Annual accounts 2024-152,8 k €↓
  3. 2023
    Annual accounts 2023-91,9 k €↓
  4. 2022
    Annual accounts 202286,8 k €↑
  5. 2021
    Annual accounts 2021-27,5 k €↓
  6. 2019
    Annual accounts 2019164,8 k €↓
  7. 2018
    Annual accounts 2018387,4 k €↓
  8. 2017
    Annual accounts 2017494,2 k €↑
  9. 2016
    Annual accounts 2016465,5 k €↓
  10. 2015
    Annual accounts 2015609,2 k €↑
  11. 2014
    Annual accounts 2014294,1 k €↑
  12. 2013
    Annual accounts 2013225 k €↓
  13. 2011
    Annual accounts 2011521,3 k €↑
  14. 2010
    Annual accounts 2010386,7 k €↑
  15. 2009
    Annual accounts 2009227,2 k €↑
  16. 2008
    Annual accounts 2008128 k €↑
  17. 2007
    Annual accounts 200788,2 k €↓
  18. 2006
    Annual accounts 2006111,2 k €
  19. 05/10/1989
    IncorporationPublic limited company