ACTIVE

FEJ

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Financial year 2025 · closed on 31/12/2025

Net result

151,8 M €

+924.4% YoY

Equity

146,2 M €

-33.5% YoY

What does FEJ do?

FEJ is a Private limited company incorporated in 1995. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.059.653

Incorporation

14/09/1995

Legal form

Private limited company

Registered office

Avenue Louise 240 box 14
1050 Bruxelles · BruxellesSee on map

Contributed capital

146 981 203,71 €

Latest accounts

31/12/2025

Activities (NACE)

64210Activities of holding companies· main

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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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
Gross margin	–		–		-312,7 k €	+7.5%	-337,9 k €	+8.9%	-370,8 k €	+5.5%	-392,3 k €	-425%	-74,7 k €	-118%	-34,2 k €	-41.3%	-24,2 k €	+41.3%	-41,3 k €	+79.9%	-205,5 k €	-105%	-100,4 k €	+31.7%	-146,9 k €	-1927%	-7,2 k €	-49.6%	-4,8 k €	-49.7%	-3,2 k €	+46.0%	-6 k €	-51.7%	-4 k €	-22.1%	-3,2 k €	-17.9%	-2,7 k €
EBITDA	-583,1 k €	-35.7%	-429,5 k €	-29.3%	-332,1 k €	+6.8%	-356,3 k €	+10.4%	-397,5 k €	-1.1%	-393,1 k €	-419%	-75,7 k €	-116%	-35,1 k €	-39.8%	-25,1 k €	+40.4%	-42,2 k €	+79.6%	-206,7 k €	-104%	-101,3 k €	+31.5%	-147,8 k €	-1656%	-8,4 k €	-44.0%	-5,8 k €	-42.9%	-4,1 k €	+40.3%	-6,8 k €	-73.3%	-4 k €	-22.1%	-3,2 k €	-17.9%	-2,7 k €
Operating result	-583,1 k €	-35.7%	-429,5 k €	-29.3%	-332,1 k €	+6.8%	-356,3 k €	+10.4%	-397,5 k €	-1.1%	-393,1 k €	-419%	-75,7 k €	-116%	-35,1 k €	-39.8%	-25,1 k €	+40.4%	-42,2 k €	+79.6%	-206,7 k €	-104%	-101,3 k €	+31.5%	-147,8 k €	-1656%	-8,4 k €	-44.0%	-5,8 k €	-42.9%	-4,1 k €	+40.3%	-6,8 k €	-73.3%	-4 k €	-22.1%	-3,2 k €	-17.9%	-2,7 k €
Net result	151,8 M €	+924%	14,8 M €	+48.4%	10 M €	+7.8%	9,3 M €	+20.8%	7,7 M €	-1.3%	7,8 M €	+9.4%	7,1 M €	+10.4%	6,4 M €	-7.8%	7 M €	+2.6%	6,8 M €	+48.6%	4,6 M €	+9.0%	4,2 M €	-11.3%	4,7 M €	+16.8%	4,1 M €	+11.2%	3,6 M €	-10.6%	4,1 M €	+0.5%	4,1 M €	+4.2%	3,9 M €	+0.1%	3,9 M €	+6.3%	3,7 M €
Balance sheet
Equity	146,2 M €	-33.5%	219,9 M €	-2.6%	225,9 M €	-0.0%	225,9 M €	+1.3%	223,1 M €	+0.9%	221 M €	+1.2%	218,5 M €	+1.3%	215,6 M €	+1.1%	213,3 M €	+1.4%	210,3 M €	+1.4%	207,5 M €	+96.2%	105,8 M €	+4.1%	101,6 M €	+4.9%	96,9 M €	+4.4%	92,8 M €	+4.1%	89,2 M €	+4.8%	85,1 M €	+5.0%	81 M €	+5.0%	77,1 M €	+5.3%	73,2 M €
Total assets	146,3 M €	-37.5%	234,1 M €	-0.8%	235,9 M €	+0.3%	235,3 M €	+0.7%	233,6 M €	+1.7%	229,7 M €	-0.4%	230,6 M €	+0.2%	230 M €	-0.2%	230,5 M €	-2.9%	237,4 M €	-0.5%	238,6 M €	+125%	105,8 M €	+4.1%	101,7 M €	+5.0%	96,9 M €	+4.4%	92,8 M €	+4.1%	89,2 M €	+4.8%	85,1 M €	+4.9%	81,1 M €	+5.1%	77,1 M €	+5.3%	73,3 M €
Cash	3,9 M €	-37.0%	6,2 M €	+109%	3 M €	+4.6%	2,8 M €	+90.7%	1,5 M €	-16.0%	1,8 M €	-15.8%	2,1 M €	+83.1%	1,2 M €	+38.6%	831,2 k €	-89.6%	8 M €	-14.8%	9,4 M €	+15.3%	8,2 M €	-9.5%	9 M €	+481%	1,6 M €	-84.1%	9,7 M €	+28.3%	7,6 M €	+48.9%	5,1 M €	+2425%	201,9 k €	-94.9%	4 M €	+105%	1,9 M €
Debts	90,4 k €	-99.4%	14,1 M €	+40.9%	10 M €	+6.7%	9,4 M €	-11.1%	10,6 M €	+22.3%	8,7 M €	-28.5%	12,1 M €	-15.9%	14,4 M €	-16.5%	17,2 M €	-36.3%	27,1 M €	-12.7%	31 M €	+88908%	34,9 k €	-59.4%	85,9 k €	+26189%	326,7 €		–		447,7 €		–		50,9 k €		–		27,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 29 ended

Active mandates

AVFS SARL S. Etr.

Director · since 01 octobre 2022

Represented by Gaëlle JANSSEN de la BOËSSIÈRE-THIENNES

Active

FLPV

Director · since 01 octobre 2022 · 0543.873.060

Represented by Marc-Eric JANSSEN de la BOËSSIÈRE-THIENNES

Active

K.J. INVEST

Director · since 01 octobre 2022 · 0543.791.403

Represented by Constantin JANSSEN de la BOËSSIÈRE-THIENNES

Active

NIKITA

Director · since 01 octobre 2022 · 0473.566.767

Represented by Cyril JANSSEN de la BOËSSIÈRE-THIENNES

Active

Eric CORNUT

Chairman of the board of directors · since 11 mai 2021

Active

Ended mandates

FLPV

Director · since 01 octobre 2022 · 0543.873.060

Represented by Marc-Eric JANSSEN de la BOËSSIÈRE-THIENNES

Ended

Constantin Janssen de la Boëssière-Thiennes

Director · since 19 septembre 2019 · until 01 octobre 2022

Ended

Constantin Janssen de la Boëssière-Thiennes

Director · since 19 septembre 2019

Ended

Cyril Janssen de la Boëssière-Thiennes

Director · since 19 septembre 2019 · until 01 octobre 2022

Ended

At this address

Other companies at this address

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5A Belgium● Active	1025.424.711
AFARAX● Active	1039.952.341
AFRA REAL ESTATE● Active	0827.458.104
AMADEUS LANE● Active	0890.516.517
AMERICAN COLORS EUROPE● Active	0474.488.267
Arguenon● Active	1040.116.845
ASSOCIATION EUROPEENNE POUR LA SURETE, LA FIABILITE ET LES DONNEES● Active	0452.522.618
AUVITRADE BELGIUM● Active	0474.359.001
B PACK CONSULT● Active	0642.487.319
BRIMARAL● Active	0551.987.408
BRUNO COLMANT ACADEMIC● Active	0824.874.340
BST PARTNERS● Active	0464.538.542
BST REVISEURS D'ENTREPRISES - BST BEDRIJFREVISOREN● Active	0444.708.673
CAM NZ● Active	0785.580.036
CAP CAMARAT● Active	0890.335.581
CapL● Active	1026.862.091
ClaRetail● Active	0887.093.704
CONSTRUCTION ET DEVELOPPEMENT● Active	0875.038.384
Dabest Capital● Active	0785.845.795
ECOJET● Active	0664.850.371

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	11/05/2026	03/07/2025	25/04/2024	24/04/2023	07/04/2022	27/04/2021
General meeting	20/04/2026	27/05/2025	21/03/2024	21/03/2023	23/03/2022	23/03/2021
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	20/04/2026	11/05/2026	French	PDF
Full model	31/12/2024	27/05/2025	03/07/2025	French	PDF
Abridged model	31/12/2023	21/03/2024	25/04/2024	French	PDF
Abridged model	31/12/2022	21/03/2023	24/04/2023	French	PDF
Abridged model	31/12/2021	23/03/2022	07/04/2022	French	PDF
Abridged model	31/12/2020	23/03/2021	27/04/2021	French	PDF
Abridged model	31/12/2019	24/03/2020	14/04/2020	French	PDF
Abridged model	31/12/2018	21/03/2019	11/04/2019	French	PDF
Abridged model	31/12/2017	16/04/2018	17/04/2018	French	PDF
Abridged model	31/12/2016	24/04/2017	27/04/2017	French	PDF
Abridged model	31/12/2015	03/03/2016	22/03/2016	French	PDF
Abridged model	31/12/2014	17/03/2015	19/03/2015	French	PDF
Abridged model	31/12/2013	23/04/2014	30/04/2014	French	PDF
Abridged model	31/12/2012	17/04/2013	19/04/2013	French	PDF
Abridged model	31/12/2011	24/04/2012	03/08/2012	French	PDF
Abridged model	31/12/2010	26/04/2011	18/05/2011	French	PDF
Abridged model	31/12/2009	27/04/2010	21/06/2010	French	PDF
Abridged model	31/12/2008	28/04/2009	24/07/2009	French	PDF
Abridged model	31/12/2007	29/04/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	24/04/2007	14/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 29 ended

Active mandates

AVFS SARL S. Etr.

Director · since 01 octobre 2022

Represented by Gaëlle JANSSEN de la BOËSSIÈRE-THIENNES

Active

FLPV

Director · since 01 octobre 2022 · 0543.873.060

Represented by Marc-Eric JANSSEN de la BOËSSIÈRE-THIENNES

Active

K.J. INVEST

Director · since 01 octobre 2022 · 0543.791.403

Represented by Constantin JANSSEN de la BOËSSIÈRE-THIENNES

Active

NIKITA

Director · since 01 octobre 2022 · 0473.566.767

Represented by Cyril JANSSEN de la BOËSSIÈRE-THIENNES

Active

Eric CORNUT

Chairman of the board of directors · since 11 mai 2021

Active

Ended mandates

FLPV

Director · since 01 octobre 2022 · 0543.873.060

Represented by Marc-Eric JANSSEN de la BOËSSIÈRE-THIENNES

Ended

Constantin Janssen de la Boëssière-Thiennes

Director · since 19 septembre 2019 · until 01 octobre 2022

Ended

Constantin Janssen de la Boëssière-Thiennes

Director · since 19 septembre 2019

Ended

Cyril Janssen de la Boëssière-Thiennes

Director · since 19 septembre 2019 · until 01 octobre 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office07/02/2022
SIEGE SOCIAL
PDF
Mandates02/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates30/09/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates24/05/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/01/2016
CAPITAL, ACTIONS
PDF
Registered office22/11/2013
SIEGE SOCIAL
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 2025151,8 M €↑
2024
Annual accounts 202414,8 M €↑
21/03/2024
nominationGhislain DOCHEN — commissaire
2023
Annual accounts 202310 M €↑
2022
Annual accounts 20229,3 M €↑
01/10/2022
nominationFinancière Les Pives SRL — administrateur
01/10/2022
nominationKI. Invest SRE — administrateur
01/10/2022
nominationNikita SRL — administrateur
01/10/2022
nominationAVFS SARL — administrateur
2021
Annual accounts 20217,7 M €↓
2020
Annual accounts 20207,8 M €↑
2019
Annual accounts 20197,1 M €↑
2018
Annual accounts 20186,4 M €↓
2017
Annual accounts 20177 M €↑
2016
Annual accounts 20166,8 M €↑
2015
Annual accounts 20154,6 M €↑
2014
Annual accounts 20144,2 M €↓
2013
Annual accounts 20134,7 M €↑
2012
Annual accounts 20124,1 M €↑
2011
Annual accounts 20113,6 M €↓
2010
Annual accounts 20104,1 M €↑
2009
Annual accounts 20094,1 M €↑
2008
Annual accounts 20083,9 M €↑
2007
Annual accounts 20073,9 M €↑
2006
Annual accounts 20063,7 M €
14/09/1995
IncorporationPrivate 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

FEJ

Overview

What does FEJ 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