ACTIVE

Fides

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Financial year 2025 · closed on 31/12/2025

Net result

273 k €

-84.6% YoY

Gross margin

16,3 k €

-3.9% YoY

Equity

10,4 M €

+4.6% YoY

What does Fides do?

Fides is a Non-profit organization incorporated in 1993. Its registered office is in Mons.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.089.392

Incorporation

14/10/1993

Legal form

Non-profit organization

Registered office

Rue Bruyère de Jurbise(MJ) 44
7020 Mons · WallonieSee on map

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	16,3 k €	-3.9%	17 k €	-80.2%	85,9 k €	-6.8%	92,2 k €	+682%	11,8 k €	-3.5%	12,2 k €	-14.7%	14,3 k €	-41.0%	24,3 k €	-7.3%	26,2 k €	+27.8%	20,5 k €	+7.2%	19,1 k €	-9.7%	21,2 k €	+105%	10,3 k €	+322%	-4,6 k €	-67.5%	-2,8 k €	+0.3%	-2,8 k €	+16.2%	-3,3 k €	-7.1%	-3,1 k €
EBITDA	-48,8 k €	-3.3%	-47,2 k €	-167%	70,3 k €	+24.5%	56,5 k €	+289%	-29,9 k €	+41.6%	-51,2 k €	+66.2%	-151,6 k €	-1036%	16,2 k €	-11.9%	18,4 k €	+43.7%	12,8 k €	+0.7%	12,7 k €	-4.5%	13,3 k €	+195%	4,5 k €	+191%	-4,9 k €	+89.7%	-48 k €	+46.2%	-89,2 k €	-2428%	-3,5 k €	+62.7%	-9,5 k €
Operating result	-64,8 k €	-4.9%	-61,8 k €	-210%	56,1 k €	+57.3%	35,7 k €	+170%	-51 k €	+29.5%	-72,3 k €	+58.1%	-172,6 k €	-3489%	-4,8 k €	-10.0%	-4,4 k €	+54.7%	-9,7 k €	+0.9%	-9,7 k €	-6.5%	-9,2 k €	+48.9%	-17,9 k €	-208%	-5,8 k €	+88.1%	-48,9 k €	+45.7%	-90 k €	-1941%	-4,4 k €	+57.4%	-10,3 k €
Net result	273 k €	-84.6%	1,8 M €	+1747%	96 k €	+195%	32,5 k €	+161%	-53,4 k €	+26.7%	-72,9 k €	-413%	23,3 k €	+758%	-3,5 k €	-19.1%	-3 k €	-102%	141,4 k €	+100%	70,6 k €	-77.7%	316,7 k €	+4406%	7 k €	-96.6%	209,1 k €	+725%	-33,5 k €	-112%	270,8 k €	+849%	28,5 k €	-5.7%	30,3 k €
Balance sheet
Equity	10,4 M €	+4.6%	9,9 M €	+4.8%	9,4 M €	+7.1%	8,8 M €	-8.9%	9,7 M €	+5.9%	9,2 M €	+1.6%	9 M €	+6.5%	8,5 M €	-3.6%	8,8 M €	+3.6%	8,5 M €	+5.5%	8 M €	+2.7%	7,8 M €	+5.4%	7,4 M €	+126%	3,3 M €	+10.0%	3 M €	-1.1%	3 M €	+9.8%	2,7 M €	+0.6%	2,7 M €
Total assets	10,4 M €	+4.6%	9,9 M €	+4.8%	9,4 M €	+6.5%	8,9 M €	-9.0%	9,7 M €	+5.9%	9,2 M €	+0.4%	9,2 M €	+8.3%	8,5 M €	-3.6%	8,8 M €	+3.6%	8,5 M €	+3.4%	8,2 M €	+1.7%	8 M €	+4.9%	7,7 M €	+116%	3,6 M €	+4.5%	3,4 M €	-1.5%	3,5 M €	+12.7%	3,1 M €	-0.0%	3,1 M €
Cash	713,2 k €	+4.8%	680,2 k €	-52.0%	1,4 M €	-52.1%	3 M €	+1.3%	2,9 M €	-7.1%	3,1 M €	-11.1%	3,5 M €	+30.8%	2,7 M €	+0.6%	2,7 M €	+0.9%	2,7 M €	-8.0%	2,9 M €	+19.0%	2,4 M €	-0.0%	2,4 M €	+133%	1 M €	+116%	484,7 k €	+158%	187,7 k €	-16.5%	224,9 k €	+493%	37,9 k €
Debts	2,1 k €	-30.2%	3 k €	-2.0%	3 k €	+32.6%	2,3 k €	-11.8%	2,6 k €	+128%	1,1 k €	-51.3%	2,3 k €	-9.1%	2,6 k €	-37.3%	4,1 k €	+142%	1,7 k €	-98.9%	162,2 k €	-5.0%	170,7 k €	-8.9%	187,4 k €	-5.0%	197,3 k €	-6.4%	210,9 k €	-41.0%	357,6 k €	+50.5%	237,5 k €	-4.8%	249,6 k €

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 · 5 active · 7 ended

Active mandates

CARINA ACCAPUTO

Director

Active

CHARLOTTE GLORIEUX

Director

Active

MARCEL COLART

Director

Active

ROGER SCAUFLAIRE

Director

Active

RUDY GLORIEUX

Director

Active

Ended mandates

BERNADETTE SAINT

Mandate

Ended

CLAUDE FORTEZ

Director

Ended

MONIQUE BERLANGER

Director

Ended

PHILIPPE FRANCOIS

Director

Ended

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	14/07/2026	27/06/2025	23/07/2024	20/06/2023	26/07/2022	03/08/2021
General meeting	24/06/2026	05/06/2025	26/06/2024	01/06/2023	30/06/2022	28/06/2021
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	24/06/2026	14/07/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	27/06/2025	French	PDF
Abridged model	31/12/2023	26/06/2024	23/07/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	20/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	26/07/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	03/08/2021	French	PDF
Abridged model	31/12/2019	16/07/2020	04/08/2020	French	PDF
Abridged model	31/12/2018	16/04/2019	28/05/2019	French	PDF
Abridged model	31/12/2017	12/04/2018	27/06/2018	French	PDF
Abridged model	31/12/2016	25/04/2017	24/05/2017	French	PDF
Abridged model	31/12/2015	14/04/2016	23/05/2016	French	PDF
Abridged model	31/12/2014	26/03/2015	27/04/2015	French	PDF
Abridged model	31/12/2013	27/03/2014	25/04/2014	French	PDF
Abridged model	31/12/2012	28/03/2013	22/04/2013	French	PDF
Abridged model	31/12/2011	25/04/2012	25/05/2012	French	PDF
Abridged model	31/12/2010	22/03/2011	26/04/2011	French	PDF
Abridged model	31/12/2009	24/03/2010	20/04/2010	French	PDF
Abridged model	31/12/2008	01/04/2009	29/04/2009	French	PDF
Abridged model	31/12/2007	16/04/2008	14/05/2008	French	PDF
Abridged model	31/12/2006	17/03/2007	17/04/2007	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 · 5 active · 7 ended

Active mandates

CARINA ACCAPUTO

Director

Active

CHARLOTTE GLORIEUX

Director

Active

MARCEL COLART

Director

Active

ROGER SCAUFLAIRE

Director

Active

RUDY GLORIEUX

Director

Active

Ended mandates

BERNADETTE SAINT

Mandate

Ended

CLAUDE FORTEZ

Director

Ended

MONIQUE BERLANGER

Director

Ended

PHILIPPE FRANCOIS

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other17/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office25/08/2022
SIEGE SOCIAL
PDF
Mandates25/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates20/05/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates25/05/2009
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 2025273 k €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 202396 k €↑
2022
Annual accounts 202232,5 k €↑
2021
Annual accounts 2021-53,4 k €↑
2020
Annual accounts 2020-72,9 k €↓
2019
Annual accounts 201923,3 k €↑
2018
Annual accounts 2018-3,5 k €↓
2017
Annual accounts 2017-3 k €↓
2016
Annual accounts 2016141,4 k €↑
2015
Annual accounts 201570,6 k €↓
2014
Annual accounts 2014316,7 k €↑
2013
Annual accounts 20137 k €↓
2012
Annual accounts 2012209,1 k €↑
2011
Annual accounts 2011-33,5 k €↓
2010
Annual accounts 2010270,8 k €↑
2009
Annual accounts 200928,5 k €↓
2008
Annual accounts 200830,3 k €
14/10/1993
IncorporationNon-profit organization

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

Fides

Overview

What does Fides do?

Trend over 18 financial years

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