ACTIVE

FUGREX

Financial year 2025 · closed on 30/06/2025
Net result
-15,5 k €
+10.1% YoY
Gross margin
27,2 k €
+6.8% YoY
Equity
216,4 k €
-6.7% YoY

What does FUGREX do?

FUGREX is a Private limited company incorporated in 1989. Its main activity is: Management consultancy activities. Its registered office is in Trois-Ponts.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0439.468.495
Incorporation
14/12/1989
Legal form
Private limited company
Registered office
Rochelinval 20
4980 Trois-Ponts · WallonieSee on map
Contributed capital
20 142,54 €
Latest accounts
30/06/2025
Signals
Solid equityLow riskPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin27,2 k €25,5 k €21,2 k €23,4 k €22,2 k €24,9 k €26,3 k €20,2 k €8,5 k €205,9 k €-5,1 k €83,5 k €29,4 k €20,5 k €-4,7 k €6,8 k €1,4 k €-9,5 k €
EBITDA22 k €20,3 k €16,5 k €18,8 k €17,5 k €19,8 k €21,3 k €15,6 k €4,7 k €201,4 k €-11 k €78,6 k €27,3 k €16,8 k €-7,4 k €4,1 k €-2 k €-12,5 k €
Operating result-13,5 k €-15,7 k €-20,3 k €-18 k €-18,6 k €-15,7 k €-14 k €-18,7 k €-8,6 k €194,8 k €-25,2 k €63,4 k €11,6 k €8,1 k €-20,3 k €-8,7 k €-13,9 k €-26,6 k €
Net result-15,5 k €-17,3 k €-20,5 k €-18,6 k €-20,2 k €-17,3 k €-15,2 k €-25,5 k €-14,3 k €134,2 k €-20 k €49,3 k €16 k €12,8 k €19,3 k €-6,1 k €-3,2 k €-3,7 k €
Balance sheet
Equity216,4 k €231,9 k €249,2 k €269,7 k €288,3 k €308,5 k €325,8 k €341 k €366,5 k €380,8 k €246,6 k €703,2 k €653,8 k €716,7 k €743,3 k €724 k €730,1 k €733,4 k €
Total assets328,8 k €362,3 k €395,8 k €426,7 k €463 k €492,9 k €520,8 k €548,5 k €785,1 k €928,8 k €534,1 k €749 k €782,3 k €829,7 k €902,6 k €931,2 k €944,8 k €972,9 k €
Cash18,3 €9,4 k €5,3 k €585 €589,7 €28,4 €1,2 k €420,3 €209,3 k €406,1 k €1,8 k €241,4 k €93,3 k €54,6 k €30,1 k €63,9 k €242,6 k €9,8 k €
Debts112,4 k €130,4 k €146,6 k €157 k €174,7 k €184,4 k €195 k €207,5 k €418,6 k €548 k €267,2 k €21,9 k €103,2 k €86,4 k €115,3 k €83,6 k €89,1 k €112,1 k €
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 30/06/2025 · 1 active · 16 ended

Active mandates

Luc WARNOTTE

Administrateur · since 19 mai 2015

Active

Ended mandates

Luc WARNOTTE

Manager · since 19 mai 2015

Ended
Christian CRUCIFIX

Mandate · since 10 novembre 2014 · until 07 décembre 2019

Ended
Luc WARNOTTE

Managing director · since 10 novembre 2014 · until 07 décembre 2019

Ended
Luc WARNOTTE

Manager · since 10 novembre 2014

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/12/202509/12/202405/12/202305/12/202206/12/202108/12/2020
General meeting06/12/202507/12/202402/12/202303/12/202204/12/202105/12/2020
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/06/202506/12/202508/12/2025FrenchPDF
Micro model30/06/202407/12/202409/12/2024FrenchPDF
Micro model30/06/202302/12/202305/12/2023FrenchPDF
Micro model30/06/202203/12/202205/12/2022FrenchPDF
Micro model30/06/202104/12/202106/12/2021FrenchPDF
Micro model30/06/202005/12/202008/12/2020FrenchPDF
Micro model30/06/201907/12/201909/12/2019FrenchPDF
Micro model30/06/201801/12/201819/12/2018FrenchPDF
Micro model30/06/201702/12/201726/12/2017FrenchPDF
Abridged model30/06/201603/12/201619/12/2016FrenchPDF
Abridged model30/06/201505/12/201508/12/2015FrenchPDF
Abridged model30/06/201406/12/201419/12/2014FrenchPDF
Abridged model30/06/201307/12/201324/12/2013FrenchPDF
Abridged model30/06/201231/12/201214/01/2013FrenchPDF
Abridged model30/06/201103/12/201109/12/2011FrenchPDF
Abridged model30/06/201004/12/201008/12/2010FrenchPDF
Abridged model30/06/200912/12/200917/12/2009FrenchPDF
Abridged model30/06/200806/12/200819/12/2008FrenchPDF
Abridged model30/06/200701/12/200727/12/2007FrenchPDF
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 30/06/2025 · 1 active · 16 ended

Active mandates

Luc WARNOTTE

Administrateur · since 19 mai 2015

Active

Ended mandates

Luc WARNOTTE

Manager · since 19 mai 2015

Ended
Christian CRUCIFIX

Mandate · since 10 novembre 2014 · until 07 décembre 2019

Ended
Luc WARNOTTE

Managing director · since 10 novembre 2014 · until 07 décembre 2019

Ended
Luc WARNOTTE

Manager · since 10 novembre 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring22/08/2017
    DENOMINATION - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring30/05/2017
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates05/06/2015
    DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates02/12/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/07/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/02/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Other18/01/2008
    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

Timeline

  1. 2025
    Annual accounts 2025-15,5 k €
  2. 2024
    Annual accounts 2024-17,3 k €
  3. 2023
    Annual accounts 2023-20,5 k €
  4. 2022
    Annual accounts 2022-18,6 k €
  5. 2021
    Annual accounts 2021-20,2 k €
  6. 2020
    Annual accounts 2020-17,3 k €
  7. 2019
    Annual accounts 2019-15,2 k €
  8. 2018
    Annual accounts 2018-25,5 k €
  9. 2017
    Annual accounts 2017-14,3 k €
  10. 2016
    Annual accounts 2016134,2 k €
  11. 2015
    Annual accounts 2015-20 k €
  12. 2014
    Annual accounts 201449,3 k €
  13. 2013
    Annual accounts 201316 k €
  14. 2012
    Annual accounts 201212,8 k €
  15. 2011
    Annual accounts 201119,3 k €
  16. 2010
    Annual accounts 2010-6,1 k €
  17. 2009
    Annual accounts 2009-3,2 k €
  18. 2008
    Annual accounts 2008-3,7 k €
  19. 14/12/1989
    IncorporationPrivate limited company