ACTIVE

FANMAR

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Financial year 2025 · closed on 31/12/2025

Net result

-128 k €

+13.1% YoY

Gross margin

58,8 k €

+18.1% YoY

Equity

2 M €

-6.0% YoY

Workforce

0,0 ETP

What does FANMAR do?

FANMAR is a Public limited company incorporated in 1989. Its main activity is: Management consultancy activities. Its registered office is in Oudenaarde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.607.463

Incorporation

15/12/1989

Legal form

Public limited company

Registered office

Nederenamestraat 122
9700 Oudenaarde · FlandreSee on map

Contributed capital

1 275 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

Solid equityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	58,8 k €	+18.1%	49,8 k €	+42.1%	35 k €	-37.7%	56,2 k €	+66.8%	33,7 k €	-97.3%	1,3 M €	+1418%	82,8 k €	-16.4%	99,1 k €	-10.6%	110,9 k €	+4.2%	106,4 k €	+0.0%	106,4 k €	+16.8%	91,1 k €	-11.3%	102,6 k €	+21.0%	84,9 k €	-7.2%	91,4 k €	+36.3%	67 k €	+107%	32,3 k €	-19.5%	40,2 k €	-15.0%	47,3 k €
EBITDA	49,9 k €	+70.7%	29,2 k €	+62.9%	18 k €	-62.4%	47,8 k €	+63.8%	29,2 k €	-97.7%	1,3 M €	+1503%	78,2 k €	-17.7%	95 k €	-10.9%	106,7 k €	+7.4%	99,3 k €	-0.7%	100,1 k €	+19.7%	83,6 k €	-15.6%	99,1 k €	+20.1%	82,5 k €	-7.4%	89,1 k €	+37.6%	64,8 k €	+115%	30,1 k €	-20.8%	38 k €	-15.3%	44,9 k €
Operating result	-62,1 k €	+24.8%	-82,6 k €	+10.5%	-92,3 k €	-45.0%	-63,7 k €	+1.8%	-64,9 k €	-105%	1,2 M €	+4200%	28,4 k €	-37.2%	45,3 k €	-12.8%	51,9 k €	+23.1%	42,2 k €	+82.1%	23,2 k €	-21.6%	29,5 k €	-39.0%	48,4 k €	+1.0%	47,9 k €	+22.1%	39,3 k €	-3.4%	40,7 k €	+3009%	1,3 k €	+106%	-23,4 k €	-309%	11,2 k €
Net result	-128 k €	+13.1%	-147,3 k €	+9.5%	-162,7 k €	-30.4%	-124,7 k €	-4.5%	-119,4 k €	-114%	858,7 k €	+2577%	32,1 k €	-25.5%	43 k €	-13.9%	50 k €	+25.0%	40 k €	+22.8%	32,6 k €	-12.9%	37,4 k €	-25.3%	50 k €	-16.2%	59,7 k €	-1.5%	60,6 k €	-13.6%	70,1 k €	+108%	33,6 k €	+58.2%	21,3 k €	-50.9%	43,3 k €
Balance sheet
Equity	2 M €	-6.0%	2,1 M €	-6.5%	2,3 M €	-6.7%	2,4 M €	-4.9%	2,6 M €	-4.5%	2,7 M €	+35.0%	2 M €	+1.6%	2 M €	+2.3%	1,9 M €	+2.7%	1,9 M €	+2.2%	1,8 M €	+1.8%	1,8 M €	+2.1%	1,8 M €	+2.9%	1,7 M €	+3.6%	1,6 M €	+3.8%	1,6 M €	+4.6%	1,5 M €	+2.3%	1,5 M €	+1.5%	1,5 M €
Total assets	4,9 M €	-1.9%	5 M €	-2.8%	5,1 M €	-2.6%	5,2 M €	-1.6%	5,3 M €	+9.6%	4,9 M €	+115%	2,3 M €	-0.1%	2,3 M €	-1.1%	2,3 M €	+0.3%	2,3 M €	-1.5%	2,3 M €	+8.0%	2,1 M €	-2.8%	2,2 M €	-0.6%	2,2 M €	+10.5%	2 M €	+14.6%	1,7 M €	+2.9%	1,7 M €	-0.5%	1,7 M €	+17.2%	1,5 M €
Cash	22,2 k €	+625%	3,1 k €	-90.8%	33,4 k €	-63.5%	91,4 k €	-6.2%	97,4 k €	-82.3%	550 k €	+505%	91 k €	+91.7%	47,5 k €	-7.4%	51,3 k €	+79.3%	28,6 k €	+62.8%	17,6 k €	-68.1%	55,1 k €	+36.0%	40,5 k €	+18.6%	34,1 k €	-69.2%	110,7 k €	+31.9%	83,9 k €	+189%	29 k €	+29.3%	22,5 k €	-61.5%	58,3 k €
Debts	2,5 M €	+1.8%	2,5 M €	+0.6%	2,5 M €	+1.3%	2,5 M €	+1.7%	2,4 M €	+31.9%	1,8 M €	+578%	270,6 k €	-11.2%	304,8 k €	-18.3%	372,9 k €	-10.2%	415,2 k €	-15.0%	488,8 k €	+39.7%	349,8 k €	-22.3%	450,3 k €	-12.2%	512,7 k €	+42.0%	361,2 k €	+116%	166,9 k €	-11.0%	187,6 k €	-18.1%	229,2 k €	+363752%	63 €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

V.D.H. - INVEST

Director · since 16 décembre 2019 · 0449.848.386

Represented by Marnix Vanden Hautte

Active

Ended mandates

V.D.H. - INVEST

Director · since 16 décembre 2019 · 0449.848.386

Represented by Marnix Vanden Hautte

Ended

V.D.H. - INVEST

Director · since 16 décembre 2019 · 0449.848.386

Represented by MARNIX VANDEN HAUTTE

Ended

MARNIX VANDEN HAUTTE

Managing director · since 30 juin 2018 · until 30 juin 2024

Ended

V.D.H. - INVEST

Director · since 30 juin 2018 · until 30 juin 2024 · 0449.848.386

Represented by MARNIX VANDEN HAUTTE

Ended

At this address

Other companies at this address

Company	CBE no.
A.D. FRESH - MEAT● Active	0448.135.842
DISCOUNT V.D.H.● Active	0449.848.287
STONE BRIDGE● Active	0460.402.580
V.D.H. - INVEST● Active	0449.848.386

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	22/06/2026	01/07/2025	16/07/2024	10/08/2023	30/06/2022	10/08/2021
General meeting	10/06/2026	28/06/2025	13/07/2024	09/08/2023	25/06/2022	23/07/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/06/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	28/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	13/07/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/08/2023	10/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	23/07/2021	10/08/2021	Dutch	PDF
Abridged model	31/12/2019	10/06/2020	12/06/2020	Dutch	PDF
Abridged model	31/12/2018	10/06/2019	18/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	10/06/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	11/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 13 ended

Active mandates

V.D.H. - INVEST

Director · since 16 décembre 2019 · 0449.848.386

Represented by Marnix Vanden Hautte

Active

Ended mandates

V.D.H. - INVEST

Director · since 16 décembre 2019 · 0449.848.386

Represented by Marnix Vanden Hautte

Ended

V.D.H. - INVEST

Director · since 16 décembre 2019 · 0449.848.386

Represented by MARNIX VANDEN HAUTTE

Ended

MARNIX VANDEN HAUTTE

Managing director · since 30 juin 2018 · until 30 juin 2024

Ended

V.D.H. - INVEST

Director · since 30 juin 2018 · until 30 juin 2024 · 0449.848.386

Represented by MARNIX VANDEN HAUTTE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2019
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates27/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/09/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2003
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2002
ONTSLAGEN - BENOEMINGEN
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 2025-128 k €↑
2024
Annual accounts 2024-147,3 k €↑
2023
Annual accounts 2023-162,7 k €↓
2022
Annual accounts 2022-124,7 k €↓
2021
Annual accounts 2021-119,4 k €↓
2020
Annual accounts 2020858,7 k €↑
2018
Annual accounts 201832,1 k €↓
2017
Annual accounts 201743 k €↓
2016
Annual accounts 201650 k €↑
2015
Annual accounts 201540 k €↑
2014
Annual accounts 201432,6 k €↓
2013
Annual accounts 201337,4 k €↓
2012
Annual accounts 201250 k €↓
2011
Annual accounts 201159,7 k €↓
2010
Annual accounts 201060,6 k €↓
2009
Annual accounts 200970,1 k €↑
2008
Annual accounts 200833,6 k €↑
2007
Annual accounts 200721,3 k €↓
2006
Annual accounts 200643,3 k €
15/12/1989
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

FANMAR

Overview

What does FANMAR do?

Trend over 19 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