ACTIVE

FENGARI

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

184,7 k €

-77.6% YoY

Gross margin

16,1 k €

-78.1% YoY

Equity

5,5 M €

-35.2% YoY

What does FENGARI do?

FENGARI is a Private limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Ranst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.552.859

Incorporation

15/03/1996

Legal form

Private limited company

Registered office

Marreweg 21
2520 Ranst · FlandreSee on map

Contributed capital

6 205,32 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74151Specialised design activities 64200Activities of holding companies 64210Activities of holding companies

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	16,1 k €	-78.1%	73,5 k €	-48.1%	141,7 k €	-57.5%	333,2 k €	+258%	93,2 k €	+9.0%	85,5 k €	-61.3%	220,9 k €	+139%	92,4 k €	+88.4%	49,1 k €	+262%	13,6 k €	-71.5%	47,6 k €	+381%	-16,9 k €	-130%	55,6 k €	-18.3%	68,0 k €	+34.0%	50,7 k €	-24.0%	66,7 k €	+10.1%	60,6 k €	+6.2%	57,1 k €	-34.8%	87,5 k €	+34.8%	64,9 k €
EBITDA	15,3 k €	-78.9%	72,5 k €	-48.3%	140,1 k €	-57.8%	332,2 k €	+271%	89,5 k €	+6.5%	84,0 k €	-61.4%	217,8 k €	+143%	89,6 k €	+92.0%	46,7 k €	+315%	11,2 k €	-75.0%	45,0 k €	+366%	-16,9 k €	-130%	55,6 k €	-18.3%	68,0 k €	+34.0%	50,7 k €	-24.0%	66,7 k €	+10.1%	60,6 k €	+6.2%	57,1 k €	-34.8%	87,5 k €	+34.8%	64,9 k €
Operating result	9,5 k €	-85.5%	65,4 k €	-51.4%	134,7 k €	-57.6%	317,8 k €	+314%	76,8 k €	+1139%	-7,4 k €	-104%	206,4 k €	+164%	78,2 k €	+67.5%	46,7 k €	+896%	4,7 k €	-87.6%	37,9 k €	+256%	-24,4 k €	-151%	48,1 k €	-21.1%	61,0 k €	+22.0%	49,9 k €	-17.6%	60,6 k €	+22.5%	49,5 k €	+13.5%	43,6 k €	-32.1%	64,2 k €	+49.6%	42,9 k €
Net result	184,7 k €	-77.6%	823,1 k €	+145%	336,6 k €	-85.0%	2,2 M €	+17.4%	1,9 M €	-39.9%	3,2 M €	+1911%	158,3 k €	+37.9%	114,8 k €	-71.2%	399,1 k €	-45.8%	735,9 k €	+542%	114,6 k €	+560%	-24,9 k €	-184%	29,6 k €	-28.3%	41,3 k €	+32.6%	31,2 k €	+7.5%	29,0 k €	-32.8%	43,2 k €	+67.7%	25,7 k €	-31.0%	37,3 k €	+48.7%	25,1 k €
Balance sheet
Equity	5,5 M €	-35.2%	8,5 M €	+8.5%	7,8 M €	+2.9%	7,6 M €	+35.2%	5,6 M €	+33.4%	4,2 M €	+253%	1,2 M €	+15.3%	1,0 M €	+12.4%	922,9 k €	+39.0%	663,7 k €	+236%	197,8 k €	+25.0%	158,2 k €	-13.6%	183,1 k €	+19.3%	153,5 k €	+36.8%	112,2 k €	+38.5%	81,0 k €	+55.8%	52,0 k €	-47.4%	98,8 k €	+35.2%	73,1 k €	+104%	35,7 k €
Total assets	6,8 M €	-23.6%	8,9 M €	+7.0%	8,3 M €	+1.3%	8,2 M €	+33.0%	6,2 M €	+31.4%	4,7 M €	+284%	1,2 M €	+11.3%	1,1 M €	-4.4%	1,1 M €	+24.1%	923,3 k €	-13.2%	1,1 M €	+345%	239,0 k €	+18.4%	201,9 k €	+8.8%	185,5 k €	+9.2%	169,9 k €	+2.4%	165,8 k €	+37.1%	120,9 k €	-27.0%	165,7 k €	+5.4%	157,2 k €	+2.1%	153,9 k €
Cash	950,6 k €	+3.0%	922,5 k €	+204%	303,5 k €	-91.8%	3,7 M €	+57.7%	2,3 M €	-17.0%	2,8 M €	+362%	609,1 k €	-21.9%	779,5 k €	-21.8%	996,1 k €	+29.8%	767,3 k €	-14.9%	901,7 k €	+1997%	43,0 k €	-17.5%	52,2 k €	+72.7%	30,2 k €	-35.9%	47,1 k €	+8.4%	43,5 k €	+430%	8,2 k €	-35.0%	12,6 k €	-30.5%	18,1 k €	-43.9%	32,3 k €
Debts	1,3 M €	+258%	349,3 k €	-20.4%	438,7 k €	-21.5%	558,8 k €	+8.7%	514,0 k €	+12.2%	457,9 k €	+1962%	22,2 k €	-41.5%	38,0 k €	-81.3%	202,8 k €	-14.7%	237,7 k €	-72.0%	847,6 k €	+949%	80,8 k €	+331%	18,8 k €	-41.4%	32,0 k €	-44.5%	57,7 k €	-32.0%	84,8 k €	+23.0%	69,0 k €	+3.1%	66,9 k €	-20.5%	84,2 k €	-28.8%	118,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Frank Maene

Director · since 10 novembre 2020

Active

Ended mandates

Frank Maene

Mandate

Ended

Frank Maene

Director

Ended

Frank Maene

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	29/07/2026	03/07/2025	24/10/2024	11/07/2023	08/07/2022	30/06/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	19/06/2023	20/06/2022	21/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	03/07/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	17/06/2024	24/10/2024	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	19/06/2023	11/07/2023	Dutch	PDF
Micro model	31/12/2021	20/06/2022	08/07/2022	Dutch	PDF
Micro model	31/12/2020	21/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	15/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	29/06/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	19/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	05/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	08/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	16/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	07/08/2008	Dutch	PDF
Abridged model	31/12/2006	18/06/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 3 ended

Active mandates

Frank Maene

Director · since 10 novembre 2020

Active

Ended mandates

Frank Maene

Mandate

Ended

Frank Maene

Director

Ended

Frank Maene

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/11/2020
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/06/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025184,7 k €↓
2024
Annual accounts 2024823,1 k €↑
2023
Annual accounts 2023336,6 k €↓
2022
Annual accounts 20222,2 M €↑
2021
Annual accounts 20211,9 M €↓
2020
Annual accounts 20203,2 M €↑
2019
Annual accounts 2019158,3 k €↑
2018
Annual accounts 2018114,8 k €↓
2017
Annual accounts 2017399,1 k €↓
2016
Annual accounts 2016735,9 k €↑
2015
Annual accounts 2015114,6 k €↑
2014
Annual accounts 2014-24,9 k €↓
2013
Annual accounts 201329,6 k €↓
2012
Annual accounts 201241,3 k €↑
2011
Annual accounts 201131,2 k €↑
2010
Annual accounts 201029,0 k €↓
2009
Annual accounts 200943,2 k €↑
2008
Annual accounts 200825,7 k €↓
2007
Annual accounts 200737,3 k €↑
2006
Annual accounts 200625,1 k €
15/03/1996
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

FENGARI

Overview

What does FENGARI do?

Trend over 20 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