ACTIVE

D - FI

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 M €

+25.9% YoY

Revenue

15,3 M €

+5.6% YoY

Equity

3 M €

-7.3% YoY

Workforce

53,0 ETP

-3.3% YoY

What does D - FI do?

D - FI is a Public limited company incorporated in 1993. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Sprimont. It employs on average 53,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.118.908

Incorporation

21/01/1993

Legal form

Public limited company

Registered office

Rue Rodolphe Bernard 64 A
4140 Sprimont · WallonieSee on map

Contributed capital

1 259 350,00 €

Latest accounts

31/12/2025

Average workforce

53,0 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43211Electrical installation 43211Electrical installation 43240Electrical, plumbing and other construction installation activities+3

Joint committees (2)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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	15,3 M €	+5.6%	14,5 M €	+2.3%	14,2 M €	+125%	6,3 M €	-68.7%	20,1 M €	+259%	5,6 M €	-40.3%	9,4 M €	+64.5%	5,7 M €	-65.0%	16,3 M €	-17.9%	19,9 M €		–		–		12,6 M €		–		–		–		–		–		–		1,1 M €
EBITDA	2,7 M €	+172%	991,5 k €	-50.7%	2 M €	+29.8%	1,6 M €	-37.1%	2,5 M €	+65.6%	1,5 M €	+3.6%	1,4 M €	-11.8%	1,6 M €	+91.3%	851,7 k €	-55.7%	1,9 M €	+2.9%	1,9 M €	+5.6%	1,8 M €	+29.7%	1,4 M €	-8.9%	1,5 M €	+67.4%	894,8 k €	-12.9%	1 M €	+14.0%	901,2 k €	-18.2%	1,1 M €	-3.3%	1,1 M €	-2.7%	1,2 M €
Operating result	2,3 M €	+107%	1,1 M €	+53.9%	723 k €	-43.0%	1,3 M €	-43.2%	2,2 M €	+78.4%	1,3 M €	+6.2%	1,2 M €	-13.9%	1,4 M €	+129%	596,5 k €	-64.5%	1,7 M €	+0.1%	1,7 M €	+5.4%	1,6 M €	+34.4%	1,2 M €	-11.7%	1,3 M €	+82.4%	734,7 k €	-14.9%	863,2 k €	+17.8%	732,6 k €	-20.6%	922,8 k €	-2.4%	945,3 k €	-4.0%	984,3 k €
Net result	1,7 M €	+25.9%	1,3 M €	+119%	603,9 k €	-30.1%	864 k €	-48.5%	1,7 M €	+77.6%	944,1 k €	+5.3%	896,5 k €	-12.4%	1 M €	+52.8%	669,8 k €	-40.5%	1,1 M €	+4.6%	1,1 M €	+0.6%	1,1 M €	-8.8%	1,2 M €	+30.3%	901 k €	+81.2%	497,2 k €	-15.4%	587,7 k €	+12.0%	524,8 k €	-25.3%	702,8 k €	-0.2%	704,5 k €	+0.3%	702,6 k €
Balance sheet
Equity	3 M €	-7.3%	3,2 M €	-37.5%	5,1 M €	+13.3%	4,5 M €	+2.6%	4,4 M €	+18.1%	3,7 M €	+2.8%	3,6 M €	+5.7%	3,4 M €	+10.4%	3,1 M €	+0.6%	3,1 M €	+15.9%	2,7 M €	+45.8%	1,8 M €	+12.2%	1,6 M €	+4.7%	1,6 M €	+19.6%	1,3 M €	-0.0%	1,3 M €	+7.2%	1,2 M €	+2.0%	1,2 M €	+0.2%	1,2 M €	+0.3%	1,2 M €
Total assets	13,1 M €	+1.2%	12,9 M €	+28.7%	10,1 M €	-5.9%	10,7 M €	+0.2%	10,7 M €	+0.4%	10,6 M €	+10.2%	9,6 M €	+6.1%	9,1 M €	+1.0%	9 M €	+1.6%	8,9 M €	-9.3%	9,8 M €	-79.3%	47,3 M €	-16.9%	56,9 M €	+29.7%	43,8 M €	+41.9%	30,9 M €	+11.5%	27,7 M €	+5.3%	26,3 M €	-28.5%	36,8 M €	+5.2%	35 M €	+2.9%	34 M €
Cash	3,5 M €	+21.8%	2,9 M €	+38.5%	2,1 M €	+80.1%	1,2 M €	-59.9%	2,9 M €	+0.4%	2,9 M €	+139%	1,2 M €	-26.3%	1,6 M €	+279%	432,6 k €	-18.3%	529,5 k €	-20.1%	662,7 k €	-51.9%	1,4 M €	-46.2%	2,6 M €	+110%	1,2 M €	+55.0%	785,3 k €	+182%	278,2 k €	+8.6%	256,3 k €	-86.9%	2 M €	+118%	897 k €	+160%	345,5 k €
Debts	9,7 M €	+3.9%	9,4 M €	+104%	4,6 M €	-25.5%	6,2 M €	-1.4%	6,2 M €	-9.3%	6,9 M €	+14.7%	6 M €	+6.4%	5,6 M €	-4.0%	5,9 M €	+2.1%	5,8 M €	-18.8%	7,1 M €	-84.4%	45,4 M €	-17.8%	55,2 M €	+30.6%	42,3 M €	+42.9%	29,6 M €	+12.0%	26,4 M €	+5.2%	25,1 M €	-29.5%	35,6 M €	+5.3%	33,8 M €	+3.0%	32,8 M €
Other
Workforce	53,0 ETP	-3.3%	54,8 ETP	+32.0%	41,5 ETP	+3.8%	40,0 ETP	-3.8%	41,6 ETP	-3.0%	42,9 ETP	-7.9%	46,6 ETP	-1.3%	47,2 ETP	-1.3%	47,8 ETP	+3.2%	46,3 ETP	-2.5%	47,5 ETP	+1.7%	46,7 ETP	-1.5%	47,4 ETP	+4.2%	45,5 ETP	-3.6%	47,2 ETP	-0.4%	47,4 ETP	+11.3%	42,6 ETP	+8.4%	39,3 ETP	+2.6%	38,3 ETP	-1.0%	38,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Anne-Sophie FINOCCHIO

Director · since 14 juin 2024 · until 12 juin 2026

Active

G4 FINANCE

Director · since 02 juin 2023 · until 08 juin 2029 · 0720.811.849

Represented by Gilles Olivier MOURY

Active

Gérard CAPRASSE

Managing director · since 02 juin 2023 · until 08 juin 2029

Active

Jean-Yves GASPARD

Director · since 10 juin 2022 · until 09 juin 2028

Active

Ended mandates

OURTH'INVEST

Chairman of the board of directors · since 10 janvier 2023 · until 09 juin 2028 · 0534.663.109

Represented by Anne-Sophie FINOCCHIO

Ended

OURTH'INVEST

Managing director · since 10 janvier 2023 · until 30 juin 2023 · 0534.663.109

Represented by Anne-Sophie FINOCCHIO

Ended

OURTH'INVEST

Managing director · since 10 janvier 2023 · until 09 juin 2028 · 0534.663.109

Represented by Anne-Sophie FINOCCHIO

Ended

Antoine PALUMBO

Director · since 10 juin 2022 · until 30 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
VOLT - AIR● Active	0454.338.102

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/06/2026	03/07/2025	02/07/2024	07/07/2023	25/07/2022	21/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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
Full model	31/12/2025	12/06/2026	30/06/2026	French	PDF
Full model	31/12/2024	13/06/2025	03/07/2025	French	PDF
Full model	31/12/2023	14/06/2024	02/07/2024	French	PDF
Full model	31/12/2022	09/06/2023	07/07/2023	French	PDF
Full model	31/12/2021	10/06/2022	25/07/2022	French	PDF
Full model	31/12/2020	11/06/2021	21/06/2021	French	PDF
Full model	31/12/2019	12/06/2020	01/07/2020	French	PDF
Full model	31/12/2018	14/06/2019	01/07/2019	French	PDF
Full model	31/12/2017	08/06/2018	22/06/2018	French	PDF
Full model	31/12/2016	09/06/2017	08/08/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	02/07/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	17/07/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	27/06/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	06/07/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	05/07/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	03/07/2010	French	PDF
Abridged model	31/12/2008	12/06/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	24/07/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	28/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Anne-Sophie FINOCCHIO

Director · since 14 juin 2024 · until 12 juin 2026

Active

G4 FINANCE

Director · since 02 juin 2023 · until 08 juin 2029 · 0720.811.849

Represented by Gilles Olivier MOURY

Active

Gérard CAPRASSE

Managing director · since 02 juin 2023 · until 08 juin 2029

Active

Jean-Yves GASPARD

Director · since 10 juin 2022 · until 09 juin 2028

Active

Ended mandates

OURTH'INVEST

Chairman of the board of directors · since 10 janvier 2023 · until 09 juin 2028 · 0534.663.109

Represented by Anne-Sophie FINOCCHIO

Ended

OURTH'INVEST

Managing director · since 10 janvier 2023 · until 30 juin 2023 · 0534.663.109

Represented by Anne-Sophie FINOCCHIO

Ended

OURTH'INVEST

Managing director · since 10 janvier 2023 · until 09 juin 2028 · 0534.663.109

Represented by Anne-Sophie FINOCCHIO

Ended

Antoine PALUMBO

Director · since 10 juin 2022 · until 30 juin 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring22/07/2024
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring29/05/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other24/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates25/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates25/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2013
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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 20251,7 M €↑
2024
Annual accounts 20241,3 M €↑
28/06/2024
augmentation_capital
28/06/2024
apport
28/06/2024
reduction_capital
14/05/2024
cession
01/01/2024
augmentation_capital
2023
Annual accounts 2023603,9 k €↓
09/06/2023
nominationGerard Caprasse — administrateur délégué
09/06/2023
nominationGilles-Olivier Moury — représentant de G4 Finance SRL (administrateur)
09/06/2023
nominationChristian Schmetz — commissaire (représentant SCRL BDO Réviseurs d'Entreprises)
12/05/2023
cession
2022
Annual accounts 2022864 k €↓
10/06/2022
reconductionJean-Yves GASPARD — administrateur
10/06/2022
reconductionAntoine PALUMBO — administrateur
10/06/2022
reconductionOURTH'INVEST — administrateur
10/06/2022
nominationOURTH'INVEST — président — administrateur-délégué
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 2020944,1 k €↑
2019
Annual accounts 2019896,5 k €↓
2018
Annual accounts 20181 M €↑
2017
Annual accounts 2017669,8 k €↓
2016
Annual accounts 20161,1 M €↑
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 20141,1 M €↓
2013
Annual accounts 20131,2 M €↑
30/05/2013
cession
2012
Annual accounts 2012901 k €↑
2011
Annual accounts 2011497,2 k €↓
2010
Annual accounts 2010587,7 k €↑
2009
Annual accounts 2009524,8 k €↓
2008
Annual accounts 2008702,8 k €↓
2007
Annual accounts 2007704,5 k €↑
2006
Annual accounts 2006702,6 k €
21/01/1993
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

D - FI

Overview

What does D - FI 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