ACTIVE

FINANCIERE SAINT PAUL

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Financial year 2025 · Closed on 31/12/2025

Net result8,7 M €+39 269,2 %over 1 year

Revenue3 M €+16,7 %over 1 year

Equity64,5 M €+15,7 %over 1 year

Workforce15,9 ETP+8,2 %over 1 year

Identity

Source · BCE/KBO

FINANCIERE SAINT PAUL is a Public limited company incorporated in 1991. Its main activity is: Activities of holding companies. Its registered office is in Liège. It employs on average 15,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0445.226.832
Incorporation: 19/09/1991
Legal form: Public limited company
Registered office: Rue Bonne-Fortune 3-5
4000 Liège · WallonieSee on map
Contributed capital: 2 299 518,59 €
Latest accounts: 31/12/2025
Average workforce: 15,9 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 35 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	3 M €	+16.7%	2,5 M €	+47.2%	1,7 M €	+25.7%	1,4 M €	+24.4%	1,1 M €
EBITDA	-378,8 k €	-22.4%	-309,5 k €	+48.3%	-598,6 k €	-209%	-193,7 k €	-42.4%	-136 k €
Operating result	-406,9 k €	-16.7%	-348,7 k €	+45.0%	-633,8 k €	-180%	-226,6 k €	-37.6%	-164,6 k €
Net result	8,7 M €	+39269%	22,2 k €	-21.0%	28,1 k €	-99.8%	12,6 M €	+1354%	867 k €
Balance sheet
Equity	64,5 M €	+15.7%	55,7 M €	+0.0%	55,7 M €	+0.1%	55,7 M €	+29.3%	43,1 M €
Total assets	101 M €	-3.0%	104,1 M €	+29.9%	80,2 M €	+2.5%	78,2 M €	+27.4%	61,4 M €
Cash	383,6 k €	-71.2%	1,3 M €	+2.9%	1,3 M €	+1630%	74,9 k €	-72.4%	271,3 k €
Debts	36,3 M €	-24.5%	48,1 M €	+98.8%	24,2 M €	+7.5%	22,5 M €	+23.0%	18,3 M €
Other
Workforce	15,9 ETP	+8.2%	14,7 ETP	+23.5%	11,9 ETP	+63.0%	7,3 ETP	+28.1%	5,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BLDK CONSULT0867.871.569Represented by Eric DE KEULENEER	Director05/08/2022 → 30/06/2026
CONDORELO0634.771.562Represented by Michel GRIGNARD	Director05/08/2022 → 30/06/2026
METHIS SARLRepresented by Gildino Tavares-Ducrotois	Director01/07/2025 → 30/06/2026
S2M PRODUCTIONS0879.716.358Represented by Maurice SEMER	Director27/05/2016 → 30/06/2026
Stephan UHODA	Managing director03/06/2003 → 25/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AS&Cie0825.503.454Represented by Alain STRUMAN	Director05/08/2022 → 2023 accounts
Martine DE ROUCK	Director05/08/2022 → 2023 accounts

Other companies at this address

Rue Bonne-Fortune 3-5 4000 Liège

Company	CBE no.
HÔTEL DE CLERCX● Active	0435.457.249
Immobilière Léon Frédéricq● Active	0445.520.604
U Exhibitions● Active	0633.962.306

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	13/07/2026	30/07/2025	22/07/2024	13/07/2023	13/10/2022	20/12/2022
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	05/08/2022	30/06/2021
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, 35 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	13/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Consolidated accounts	31/12/2024	28/11/2025	02/12/2025	French	PDF
Full model	31/12/2023	28/06/2024	22/07/2024	French	PDF
Consolidated accounts	31/12/2023	25/04/2025	29/04/2025	French	PDF
Full model	31/12/2022	30/06/2023	13/07/2023	French	PDF
Consolidated accounts	31/12/2022	08/04/2024	10/04/2024	French	PDF
Full model	31/12/2021	05/08/2022	13/10/2022	French	PDF
Consolidated accounts	31/12/2021	28/09/2023	06/10/2023	French	PDF
Full model	31/12/2020	30/06/2021	06/07/2021	French	PDF
Consolidated accounts	31/12/2020	30/06/2021	20/12/2022	French	PDF
Full model	31/12/2019	30/06/2020	06/07/2020	French	PDF
Consolidated accounts	31/12/2019	29/01/2021	09/02/2021	French	PDF
Full model	31/12/2018	28/06/2019	24/07/2019	French	PDF
Consolidated accounts	31/12/2018	27/12/2019	27/12/2019	French	PDF
Full model	31/12/2017	29/06/2018	30/07/2018	French	PDF
Consolidated accounts	31/12/2017	25/09/2018	03/10/2018	French	PDF
Full model	31/12/2016	23/06/2017	05/07/2017	French	PDF
Consolidated accounts	31/12/2016	15/12/2017	19/12/2017	French	PDF
Full model	31/12/2015	24/06/2016	30/06/2016	French	PDF
Consolidated accounts	31/12/2015	24/06/2016	02/01/2017	French	PDF
Full model	31/12/2014	29/06/2015	23/07/2015	French	PDF
Consolidated accounts	31/12/2014	29/06/2015	26/10/2015	French	PDF
Full model	31/12/2013	23/06/2014	02/07/2014	French	PDF

View all 35 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

5 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BLDK CONSULT0867.871.569Represented by Eric DE KEULENEER	Director05/08/2022 → 30/06/2026
CONDORELO0634.771.562Represented by Michel GRIGNARD	Director05/08/2022 → 30/06/2026
METHIS SARLRepresented by Gildino Tavares-Ducrotois	Director01/07/2025 → 30/06/2026
S2M PRODUCTIONS0879.716.358Represented by Maurice SEMER	Director27/05/2016 → 30/06/2026
Stephan UHODA	Managing director03/06/2003 → 25/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AS&Cie0825.503.454Represented by Alain STRUMAN	Director05/08/2022 → 2023 accounts
Martine DE ROUCK	Director05/08/2022 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates30/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates11/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates09/01/2019
DEMISSIONS, NOMINATIONS
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

Filings19 filings

Mandates

CONDORELO

BLDK CONSULT

S2M PRODUCTIONS

METHIS SARL

Stephan UHODA

AS&Cie

Martine DE ROUCK

Michel Grignard

Stéphane Alexandre UHODA

Stephane-Alexandre UHODA

Alain Struman

Evelyne LAMY

1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

FINANCIERE SAINT PAUL

Rue Bonne-Fortune 3-5, 4000 Liège

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Bonne-Fortune 3-5, 4000 LiègeCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00292820
Rue Bonne Fortune 3 bte 5, 4000 Liège	accounts 2021	Accounts 2021 · 2022-20464134

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FINANCIERE SAINT PAULCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00292820

Events

2025
Annual accounts 20258,7 M €↑
01/07/2025
reconductionBLDK Consult SRL · administrateur
01/07/2025
reconductionCONDORELO SComm · administrateur
01/07/2025
reconductionS2M Productions SRL · administrateur
01/07/2025
nominationMethis SARL · administrateur
2024
Annual accounts 202422,2 k €↓
01/07/2024
reconductionBLDK Consult SRL · administrateur
01/07/2024
reconductionCONDORELO SComm · administrateur
01/07/2024
reconductionS2M Productions SRL · administrateur
2023
Annual accounts 202328,1 k €↓
2022
Annual accounts 202212,6 M €↑
01/01/2022
reconductionSRL BDO Réviseurs d'Entreprises · commissaire
2021
Annual accounts 2021867 k €↓
2020
Annual accounts 202036,8 M €↑
2019
Annual accounts 2019-540,3 k €↓
2018
Annual accounts 2018638,8 k €↑
2017
Annual accounts 2017482,9 k €↑
2016
Annual accounts 201614,3 k €↓
2015
Annual accounts 2015327,5 k €↑
2014
Annual accounts 2014292 k €↑
2013
Annual accounts 2013254,2 k €↑
2012
Annual accounts 2012-25,2 k €↑
2011
Annual accounts 2011-241,6 k €↓
2010
Annual accounts 201028,6 k €↑
2009
Annual accounts 200916,7 k €↑
2008
Annual accounts 2008-49,3 k €↓
2007
Annual accounts 2007-17,7 k €
19/09/1991
IncorporationPublic limited company

FINANCIERE SAINT PAUL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events