ACTIVE

FOUGINVEST

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Financial year 2025 · closed on 31/12/2025

Net result

163,2 k €

+21600.3% YoY

Revenue

758,6 k €

+0.3% YoY

Equity

3,4 M €

+5.0% YoY

What does FOUGINVEST do?

FOUGINVEST is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Seraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.748.733

Incorporation

30/06/1992

Legal form

Public limited company

Registered office

Rue des Facultés 10
4102 Seraing · WallonieSee on map

Contributed capital

187 785,52 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	758,6 k €	+0.3%	756,5 k €	+0.3%	754 k €	+0.7%	748,7 k €	+0.2%	747,3 k €	+0.1%	746,9 k €	+0.1%	746,1 k €	+0.1%	745,1 k €	+0.1%	744 k €	+1.9%	729,8 k €	+0.0%	729,6 k €	+0.0%	729,4 k €	-0.2%	730,8 k €	-1.0%	738,5 k €	+1.5%	727,7 k €	+15.7%	629,1 k €	+18.6%	530,5 k €		–		–		–
EBITDA	578,9 k €	+50.1%	385,6 k €	-30.7%	556,4 k €	-10.4%	621,1 k €	+1.8%	610,2 k €	+4.4%	584,3 k €	+2.0%	572,9 k €	+1.9%	562,3 k €	-13.3%	648,7 k €	+6.0%	611,7 k €	-4.3%	639,3 k €	+11.1%	575,3 k €	-6.6%	615,8 k €	-11.6%	696,8 k €	+5.9%	658,1 k €	+24.4%	528,9 k €	+42.9%	370 k €	+2.5%	361 k €	-14.1%	420,3 k €	-9.1%	462,5 k €
Operating result	296,8 k €	+112%	140,1 k €	-62.4%	372,6 k €	-16.1%	444,2 k €	+3.0%	431,3 k €	+8.3%	398,1 k €	+4.1%	382,4 k €	+6.0%	360,8 k €	-19.3%	447,1 k €	+16.6%	383,4 k €	-5.4%	405,5 k €	+18.9%	341,1 k €	-10.9%	382,8 k €	-17.2%	462,6 k €	+8.9%	424,7 k €	+38.0%	307,7 k €	+69.7%	181,3 k €	-10.8%	203,2 k €	-29.0%	286,3 k €	-13.4%	330,4 k €
Net result	163,2 k €	+21600%	-759 €	-100%	234,5 k €	-24.7%	311,5 k €	+8.8%	286,3 k €	+74.1%	164,4 k €	-17.7%	199,6 k €	-2.9%	205,5 k €	-15.7%	243,9 k €	+24.3%	196,2 k €	-2.0%	200,1 k €	+30.6%	153,2 k €	-10.1%	170,5 k €	-3.7%	177 k €	+24.5%	142,1 k €	+164%	53,9 k €	+220%	16,9 k €	-75.0%	67,5 k €	-36.9%	107 k €	-15.9%	127,3 k €
Balance sheet
Equity	3,4 M €	+5.0%	3,3 M €	-0.0%	3,3 M €	+7.8%	3 M €	+11.5%	2,7 M €	+11.8%	2,4 M €	+7.3%	2,3 M €	+8.4%	2,1 M €	+9.5%	1,9 M €	+13.0%	1,7 M €	+11.3%	1,5 M €	+13.0%	1,3 M €	+10.6%	1,2 M €	+13.6%	1,1 M €	+19.7%	892,9 k €	+18.9%	750,8 k €	+7.7%	696,9 k €	+2.5%	680 k €	+11.0%	612,5 k €	+21.2%	505,5 k €
Total assets	7,5 M €	+21.2%	6,2 M €	+24.7%	5 M €	+29.0%	3,8 M €	+5.7%	3,6 M €	+0.6%	3,6 M €	-5.7%	3,8 M €	-8.0%	4,2 M €	-2.0%	4,3 M €	-1.8%	4,3 M €	-3.3%	4,5 M €	-1.8%	4,6 M €	-3.1%	4,7 M €	-4.8%	4,9 M €	-3.5%	5,1 M €	-0.1%	5,1 M €	+17.9%	4,4 M €	+20.7%	3,6 M €	+29.0%	2,8 M €	-6.4%	3 M €
Cash	1,5 M €	+56.6%	936,2 k €	+12.8%	829,6 k €	+35.7%	611,6 k €	+50.7%	405,9 k €	+118%	186,3 k €	-25.1%	248,9 k €	-30.2%	356,6 k €	+31.0%	272,2 k €	+18.1%	230,5 k €	-2.8%	237,1 k €	+228%	72,4 k €	+508%	11,9 k €	-3.5%	12,3 k €	+112%	5,8 k €	-61.2%	15 k €	+52.2%	9,8 k €	-90.5%	103,4 k €	+199%	34,5 k €	-65.6%	100,4 k €
Debts	4,1 M €	+39.2%	2,9 M €	+82.3%	1,6 M €	+132%	692,3 k €	-12.9%	795,1 k €	-24.9%	1,1 M €	-26.6%	1,4 M €	-25.7%	1,9 M €	-11.5%	2,2 M €	-11.0%	2,5 M €	-13.1%	2,8 M €	-9.1%	3,1 M €	-6.7%	3,4 M €	-12.0%	3,8 M €	-8.6%	4,2 M €	-3.5%	4,3 M €	+20.2%	3,6 M €	+25.5%	2,9 M €	+35.3%	2,1 M €	-12.3%	2,4 M €

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 · 3 active · 6 ended

Active mandates

HADRIEN CROISEZ

Director

Active

JULIEN CROISEZ

Director

Active

PHILIPPE CROISEZ

Managing director

Active

Ended mandates

CLAUDINE MICHEL

Director

Ended

GROUPE SERENA

Mandate · 0832.125.485

Represented by JULIEN CROISEZ

Ended

GROUPE SERENA

Managing director · 0832.125.485

Represented by PHILIPPE CROISEZ

Ended

GROUPE SERENA

Managing director · 0832.125.485

Represented by FABIENNE JANSSEN

Ended

At this address

Other companies at this address

Company	CBE no.
Association de Gestionnaires de Maison de Repos de la Province de Liège● Liquidation	0448.765.154
GROUPE SERENA● Active	0629.928.193
GROUPE SERENA● Active	0832.125.485
IMMOKEN● Active	0447.782.385
PATRIBAT● Active	0444.274.648
PATRIFLOR● Active	0447.748.634

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	13/07/2026	14/07/2025	17/07/2024	10/07/2023	14/07/2022	07/07/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

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	09/06/2026	13/07/2026	French	PDF
Abridged model	31/12/2024	10/06/2025	14/07/2025	French	PDF
Abridged model	31/12/2023	11/06/2024	17/07/2024	French	PDF
Abridged model	31/12/2022	13/06/2023	10/07/2023	French	PDF
Abridged model	31/12/2021	14/06/2022	14/07/2022	French	PDF
Abridged model	31/12/2020	08/06/2021	07/07/2021	French	PDF
Abridged model	31/12/2019	09/06/2020	06/07/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	10/07/2019	French	PDF
Abridged model	31/12/2017	12/06/2018	04/07/2018	French	PDF
Abridged model	31/12/2016	13/06/2017	12/07/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	07/07/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	15/07/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	04/08/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	12/07/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	10/07/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	08/07/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	06/07/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	18/06/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	24/08/2007	French	PDF

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 · 3 active · 6 ended

Active mandates

HADRIEN CROISEZ

Director

Active

JULIEN CROISEZ

Director

Active

PHILIPPE CROISEZ

Managing director

Active

Ended mandates

CLAUDINE MICHEL

Director

Ended

GROUPE SERENA

Mandate · 0832.125.485

Represented by JULIEN CROISEZ

Ended

GROUPE SERENA

Managing director · 0832.125.485

Represented by PHILIPPE CROISEZ

Ended

GROUPE SERENA

Managing director · 0832.125.485

Represented by FABIENNE JANSSEN

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/01/2024
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates23/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates22/05/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates14/05/2008
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025163,2 k €↑
2024
Annual accounts 2024-759 €↓
2023
Annual accounts 2023234,5 k €↓
2022
Annual accounts 2022311,5 k €↑
2021
Annual accounts 2021286,3 k €↑
2020
Annual accounts 2020164,4 k €↓
2019
Annual accounts 2019199,6 k €↓
2018
Annual accounts 2018205,5 k €↓
2017
Annual accounts 2017243,9 k €↑
2016
Annual accounts 2016196,2 k €↓
2015
Annual accounts 2015200,1 k €↑
2014
Annual accounts 2014153,2 k €↓
2013
Annual accounts 2013170,5 k €↓
2012
Annual accounts 2012177 k €↑
2011
Annual accounts 2011142,1 k €↑
2010
Annual accounts 201053,9 k €↑
2009
Annual accounts 200916,9 k €↓
2008
Annual accounts 200867,5 k €↓
2007
Annual accounts 2007107 k €↓
2006
Annual accounts 2006127,3 k €
30/06/1992
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

FOUGINVEST

Overview

What does FOUGINVEST do?

Trend over 20 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