ACTIVE

FARGAN

Financial year 2025 · closed on 31/12/2025
Net result
-43,8 k €
+1.5% YoY
Revenue
615,7 k €
+12.8% YoY
Equity
-654,5 k €
-7.2% YoY
Workforce
2,6 ETP
-7.1% YoY

What does FARGAN do?

FARGAN is a Public limited company incorporated in 1989. Its main activity is: Other activities auxiliary to financial services, except insurance and pension funding. Its registered office is in Braine-l'Alleud. It employs on average 2,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.709.224
Incorporation
16/10/1989
Legal form
Public limited company
Registered office
Avenue du Commerce 42
1420 Braine-l'Alleud · WallonieSee on map
Contributed capital
297 480,26 €
Latest accounts
31/12/2025
Average workforce
2,6 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
Positive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Revenue615,7 k €545,9 k €380,6 k €383,3 k €389,8 k €
EBITDA27,6 k €37,5 k €-99,2 k €-150,8 k €-315,6 k €-66 k €81,5 k €195,4 k €89,2 k €196,5 k €180,2 k €80,6 k €28,2 k €130,2 k €41,2 k €95,9 k €106,5 k €68,4 k €
Operating result23,3 k €33 k €-102,5 k €-154,6 k €-163,8 k €-85,4 k €52,1 k €164,3 k €35,7 k €-13,9 k €133,2 k €42,7 k €-10,9 k €85,7 k €34,4 k €90,1 k €101 k €62,4 k €
Net result-43,8 k €-44,4 k €-162,2 k €-209,7 k €-186,3 k €-106,6 k €31,2 k €152 k €-31,9 k €-184,1 k €94,9 k €-18 k €-66,8 k €40,9 k €-12,5 k €43,2 k €55,2 k €14 k €
Balance sheet
Equity-654,5 k €-610,7 k €-566,3 k €-404,1 k €-194,3 k €84,8 k €191,4 k €160,2 k €8,2 k €40,1 k €224,3 k €129,4 k €147,4 k €214,2 k €173,2 k €185,8 k €142,5 k €87,3 k €
Total assets1,8 M €1,8 M €1,7 M €1,8 M €1,8 M €1,6 M €1,6 M €1,7 M €1,8 M €1,7 M €1,9 M €1,7 M €1,7 M €1,5 M €1,1 M €1,2 M €1,2 M €1,2 M €
Cash8,9 k €9,7 k €22,4 k €100,6 €48,4 k €28,1 k €32,2 k €27,8 k €2,9 k €14,2 k €18,6 k €1,9 k €33,6 k €8,6 k €2,2 k €17,3 k €5,1 k €1,1 k €
Debts1,9 M €2 M €1,9 M €2 M €1,8 M €1,2 M €1,2 M €1,3 M €1,6 M €1,5 M €1,5 M €1,4 M €1,4 M €1,3 M €866,8 k €937,4 k €1 M €1 M €
Other
Workforce2,6 ETP2,8 ETP2,8 ETP2,8 ETP3,0 ETP3,7 ETP3,6 ETP4,6 ETP4,5 ETP5,7 ETP4,5 ETP4,3 ETP3,4 ETP2,8 ETP2,4 ETP2,4 ETP2,1 ETP2,2 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 31/12/2025 · 2 active · 15 ended

Active mandates

Jean-Philippe LEROY

Director · since 21 septembre 2020 · until 07 juin 2026

Active
ORELYS

Managing director · since 21 septembre 2020 · until 07 juin 2026 · 0627.821.612

Represented by Virginie DELVAULX

Active

Ended mandates

Jean-Philippe Leroy

Managing director · since 21 septembre 2020 · until 31 mai 2026

Ended
ORELYS

Managing director · since 21 septembre 2020 · until 31 mai 2026 · 0627.821.612

Represented by Virginie Delvaulx

Ended
ORELYS

Managing director · since 21 septembre 2020 · until 07 juin 2026 · 0627.821.612

Represented by Virginie DELVAULX

Ended
ORELYS

Director · since 25 mai 2016 · until 24 mai 2022 · 0627.821.612

Represented by Jean-Philippe LEROY

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date29/07/202631/07/202530/08/202428/08/202331/08/202206/09/2021
General meeting01/06/202602/06/202503/06/202405/06/202307/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202629/07/2026FrenchPDF
Abridged model31/12/202402/06/202531/07/2025FrenchPDF
Abridged model31/12/202303/06/202430/08/2024FrenchPDF
Abridged model31/12/202205/06/202328/08/2023FrenchPDF
Abridged model31/12/202107/06/202231/08/2022FrenchPDF
Abridged model31/12/202007/06/202106/09/2021FrenchPDF
Abridged modelCorrection31/12/201907/10/202001/06/2021FrenchPDF
Abridged model31/12/201904/09/202028/10/2020FrenchPDF
Abridged model31/12/201803/06/201927/08/2019FrenchPDF
Abridged model31/12/201704/06/201831/08/2018FrenchPDF
Abridged model31/12/201606/06/201731/08/2017FrenchPDF
Abridged model31/12/201506/06/201631/08/2016FrenchPDF
Abridged model31/12/201401/06/201531/08/2015FrenchPDF
Abridged model31/12/201302/06/201429/08/2014FrenchPDF
Abridged model31/12/201203/06/201330/08/2013FrenchPDF
Abridged model31/12/201104/06/201231/08/2012FrenchPDF
Abridged model31/12/201006/06/201125/08/2011FrenchPDF
Abridged model31/12/200907/06/201031/08/2010FrenchPDF
Abridged model31/12/200802/06/200919/08/2009FrenchPDF
Abridged model31/12/200702/06/200827/08/2008FrenchPDF
Abridged model31/12/200604/06/200731/08/2007FrenchPDF
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 31/12/2025 · 2 active · 15 ended

Active mandates

Jean-Philippe LEROY

Director · since 21 septembre 2020 · until 07 juin 2026

Active
ORELYS

Managing director · since 21 septembre 2020 · until 07 juin 2026 · 0627.821.612

Represented by Virginie DELVAULX

Active

Ended mandates

Jean-Philippe Leroy

Managing director · since 21 septembre 2020 · until 31 mai 2026

Ended
ORELYS

Managing director · since 21 septembre 2020 · until 31 mai 2026 · 0627.821.612

Represented by Virginie Delvaulx

Ended
ORELYS

Managing director · since 21 septembre 2020 · until 07 juin 2026 · 0627.821.612

Represented by Virginie DELVAULX

Ended
ORELYS

Director · since 25 mai 2016 · until 24 mai 2022 · 0627.821.612

Represented by Jean-Philippe LEROY

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/10/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/06/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office21/05/2014
    SIEGE SOCIAL
    PDF
  • Mandates30/11/2010
    SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates19/01/2009
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/01/2005
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025-43,8 k €
  2. 2024
    Annual accounts 2024-44,4 k €
  3. 2023
    Annual accounts 2023-162,2 k €
  4. 2022
    Annual accounts 2022-209,7 k €
  5. 2021
    Annual accounts 2021-186,3 k €
  6. 2018
    Annual accounts 2018-106,6 k €
  7. 2017
    Annual accounts 201731,2 k €
  8. 2016
    Annual accounts 2016152 k €
  9. 2015
    Annual accounts 2015-31,9 k €
  10. 2014
    Annual accounts 2014-184,1 k €
  11. 2013
    Annual accounts 201394,9 k €
  12. 2012
    Annual accounts 2012-18 k €
  13. 2011
    Annual accounts 2011-66,8 k €
  14. 2010
    Annual accounts 201040,9 k €
  15. 2009
    Annual accounts 2009-12,5 k €
  16. 2008
    Annual accounts 200843,2 k €
  17. 2007
    Annual accounts 200755,2 k €
  18. 2006
    Annual accounts 200614 k €
  19. 16/10/1989
    IncorporationPublic limited company