ACTIVE

Immobilière Forestière et Agricole des Fagnes

Financial year 2025 · Closed on 31/12/2025

Net result18,3 k €+5 167,1 %over 1 year

Gross margin40,2 k €+68,6 %over 1 year

Equity220,9 k €+9,0 %over 1 year

Identity

Source · BCE/KBO

Immobilière Forestière et Agricole des Fagnes is a Public limited company incorporated in 1990. Its registered office is in Viroinval.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0441.468.081
Incorporation: 11/07/1990
Legal form: Public limited company
Registered office: Rue Roger Delizée 16
5670 Viroinval · WallonieSee on map
Contributed capital: 127 913,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 18 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	40,2 k €	+68.6%	23,8 k €	+11.7%	21,3 k €	-18.5%	26,2 k €	+138%	11 k €
EBITDA	37,4 k €	+76.7%	21,1 k €	+65.1%	12,8 k €	-43.8%	22,8 k €	+185%	8 k €
Operating result	24,7 k €	+269%	6,7 k €	+1771%	-400 €	-103%	15,2 k €	+304%	3,8 k €
Net result	18,3 k €	+5167%	347 €	+110%	-3,6 k €	-134%	10,6 k €	+864%	1,1 k €
Balance sheet
Equity	220,9 k €	+9.0%	202,6 k €	+0.2%	202,2 k €	-1.8%	205,9 k €	+5.4%	195,3 k €
Total assets	286,7 k €	+2.1%	280,8 k €	+3.4%	271,4 k €	+12.8%	240,6 k €	-1.4%	244,1 k €
Cash	6 k €	+140%	2,5 k €	+78.3%	1,4 k €		–		–
Debts	58 k €	-13.1%	66,8 k €	+19.5%	55,9 k €	+188%	19,4 k €	-41.1%	33 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

Director	Mandates in this company	Period
JORDAN HUBERT	MandateDirectorsince 01/07/2013ended
ALBERT HUBERT	MandateManaging director15/02/2007 → 14/02/2013ended

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	13/06/2026	17/07/2025	22/10/2024	07/07/2023	05/10/2022	30/09/2021
General meeting	31/05/2026	16/07/2025	21/10/2024	06/07/2023	04/10/2022	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, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	31/05/2026	13/06/2026	French	PDF
Micro model	31/12/2024	16/07/2025	17/07/2025	French	PDF
Micro model	31/12/2023	21/10/2024	22/10/2024	French	PDF
Micro model	31/12/2022	06/07/2023	07/07/2023	French	PDF
Micro model	31/12/2021	04/10/2022	05/10/2022	French	PDF
Micro model	31/12/2020	31/05/2021	30/09/2021	French	PDF
Micro model	31/12/2019	01/06/2020	28/09/2020	French	PDF
Micro model	31/12/2018	26/05/2020	27/05/2020	French	PDF
Micro model	31/12/2017	31/05/2018	30/08/2018	French	PDF
Micro model	31/12/2016	14/08/2018	16/08/2018	French	PDF
Abridged model	31/12/2015	07/08/2018	16/08/2018	French	PDF
Abridged model	31/12/2014	01/06/2015	06/10/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	07/07/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	26/07/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	04/06/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	27/06/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	03/06/2009	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

Director	Mandates in this company	Period
JORDAN HUBERT	MandateDirectorsince 01/07/2013ended
ALBERT HUBERT	MandateManaging director15/02/2007 → 14/02/2013ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office16/06/2009
SIEGE SOCIAL
PDF
Mandates10/04/2007
DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Court decision16/06/2006
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Court decision27/12/2005
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

JORDAN HUBERT

ALBERT HUBERT

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Immobilière Forestière et Agricole des Fagnes

Rue Roger Delizée 16, 5670 ViroinvalHameau de Géronsart, Fra. 15, 5660 Couvin

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Roger Delizée 16, 5670 ViroinvalCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00158610
Hameau de Géronsart, Fra. 15, 5660 Couvin	accounts 2021 → 2022	Accounts 2022 · 2023-00217842

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Immobilière Forestière et Agricole des FagnesCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00158610
IFAF SA	accounts 2021	Accounts 2021 · 2022-20452723

Events

2025
Annual accounts 202518,3 k €↑
2024
Annual accounts 2024347 €↑
2023
Annual accounts 2023-3,6 k €↓
2022
Annual accounts 202210,6 k €↑
2022
Name changeImmobilière Forestière et Agricole des Fagnes
2021
Annual accounts 20211,1 k €↓
2020
Annual accounts 202050,3 k €↑
2019
Annual accounts 20198,3 k €↑
2018
Annual accounts 2018-1 k €↓
2017
Annual accounts 201735,1 k €↑
2016
Annual accounts 201618,4 k €↑
2015
Annual accounts 201510,9 k €↑
2014
Annual accounts 2014-14,2 k €↑
2013
Annual accounts 2013-15,4 k €↑
2012
Annual accounts 2012-20,1 k €↓
2011
Annual accounts 2011-17,5 k €↓
2010
Annual accounts 201031 k €↑
2009
Annual accounts 2009-11,5 k €↓
2008
Annual accounts 200811,3 k €
11/07/1990
IncorporationPublic limited company

Immobilière Forestière et Agricole des Fagnes

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

Registered offices

Company names

Events