ACTIVE

FEBELCO

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Financial year 2025 · closed on 31/12/2025

Net result

4,4 M €

+5.6% YoY

Revenue

1,8 Md €

+4.2% YoY

Equity

103,6 M €

-10.8% YoY

Workforce

948,1 ETP

-5.0% YoY

What does FEBELCO do?

FEBELCO is a Cooperative society incorporated in 1996. Its registered office is in Sint-Niklaas. It employs on average 948,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.780.306

Incorporation

11/09/1996

Legal form

Cooperative society

Registered office

Eigenlostraat 1
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

68 990 865,40 €

Latest accounts

31/12/2025

Average workforce

948,1 ETP

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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
Revenue	1,8 Md €	+4.2%	1,7 Md €	+1.4%	1,7 Md €	+2.8%	1,6 Md €	+3.5%	1,6 Md €	+10.5%	1,4 Md €	+3.6%	1,4 Md €	+0.1%	1,4 Md €	+3.3%	1,3 Md €	-0.6%	1,4 Md €	+0.6%	1,3 Md €	+3.8%	1,3 Md €	+5.3%	1,2 Md €	+0.4%	1,2 Md €	+0.5%	1,2 Md €	+1.7%	1,2 Md €	+3.9%	1,2 Md €	+4.7%	1,1 Md €	+6.0%	1 Md €	+7.1%	972,7 M €
EBITDA	15,8 M €	+6.2%	14,9 M €	-3.6%	15,4 M €	+34.1%	11,5 M €	-47.8%	22 M €	+46.5%	15 M €	+1.2%	14,9 M €	-3.5%	15,4 M €	+27.4%	12,1 M €	-43.1%	21,2 M €	-0.0%	21,3 M €	-13.3%	24,5 M €	-0.8%	24,7 M €	+9.8%	22,5 M €	-1.8%	22,9 M €	-1.2%	23,2 M €	+13.9%	20,4 M €	+2.9%	19,8 M €	+12.3%	17,6 M €	+25.3%	14,1 M €
Operating result	7,7 M €	-2.8%	7,9 M €	-2.4%	8,1 M €	+21.6%	6,6 M €	-44.0%	11,8 M €	+40.1%	8,5 M €	-7.7%	9,2 M €	-11.6%	10,4 M €	+34.5%	7,7 M €	-51.9%	16 M €	-1.7%	16,3 M €	-18.4%	20 M €	-2.2%	20,4 M €	+5.8%	19,3 M €	+2.0%	18,9 M €	-1.3%	19,1 M €	+12.6%	17 M €	+2.9%	16,5 M €	+15.2%	14,3 M €	+21.8%	11,8 M €
Net result	4,4 M €	+5.6%	4,2 M €	-42.5%	7,3 M €	+595%	1 M €	-85.1%	7 M €	+45.9%	4,8 M €	+9.9%	4,4 M €	-40.7%	7,4 M €	+98.9%	3,7 M €	-57.4%	8,7 M €	-9.0%	9,6 M €	-26.9%	13,1 M €	+2.1%	12,8 M €	+1.7%	12,6 M €	-7.4%	13,6 M €	+0.8%	13,5 M €	+32.1%	10,2 M €	-1.7%	10,4 M €	+32.2%	7,9 M €	+21.2%	6,5 M €
Balance sheet
Equity	103,6 M €	-10.8%	116,1 M €	-6.8%	124,6 M €	-3.7%	129,4 M €	-9.1%	142,4 M €	-0.5%	143,1 M €	-5.4%	151,3 M €	-6.9%	162,4 M €	+1.7%	159,7 M €	-4.7%	167,7 M €	+3.6%	161,9 M €	+4.6%	154,8 M €	+3.2%	150 M €	+8.4%	138,4 M €	+2.7%	134,8 M €	+4.4%	129,1 M €	+21.9%	105,8 M €	+9.4%	96,7 M €	+11.8%	86,5 M €	+1.1%	85,6 M €
Total assets	381,9 M €	+3.8%	368 M €	-3.6%	381,6 M €	-3.0%	393,6 M €	+4.0%	378,4 M €	+7.2%	353 M €	-10.1%	392,8 M €	+5.5%	372,1 M €	-3.1%	384,2 M €	-3.5%	398,4 M €	-16.8%	478,8 M €	-5.1%	504,4 M €	+20.0%	420,2 M €	+9.9%	382,4 M €	+1.2%	378 M €	+6.9%	353,6 M €	+2.4%	345,3 M €	+11.7%	309 M €	+15.1%	268,4 M €	-0.9%	270,9 M €
Cash	226,3 k €	-23.7%	296,7 k €	-70.8%	1 M €	-30.7%	1,5 M €	+342%	332,1 k €	-76.1%	1,4 M €	+111%	660,6 k €	-53.0%	1,4 M €	+16.6%	1,2 M €	+95.8%	615,5 k €	+10.3%	558 k €	-18.2%	681,8 k €	-85.9%	4,8 M €	+349%	1,1 M €	+37.4%	782,5 k €	-80.0%	3,9 M €	+198%	1,3 M €	+48.9%	880,2 k €	+17.0%	752,1 k €	+5.3%	713,9 k €
Debts	268,9 M €	+11.1%	242 M €	-2.1%	247,3 M €	-3.3%	255,7 M €	+12.4%	227,4 M €	+12.2%	202,6 M €	-13.5%	234,3 M €	+15.9%	202,3 M €	-6.0%	215,3 M €	-2.8%	221,4 M €	-28.2%	308,2 M €	-8.7%	337,5 M €	+30.3%	259,1 M €	+10.8%	233,9 M €	+0.9%	231,7 M €	+8.4%	213,8 M €	-6.4%	228,5 M €	+12.9%	202,5 M €	+14.8%	176,4 M €	-2.4%	180,7 M €
Other
Workforce	948,1 ETP	-5.0%	997,8 ETP	+3.5%	963,9 ETP	+5.5%	914,0 ETP	-0.3%	916,9 ETP	-5.6%	971,3 ETP	+1.7%	955,4 ETP	+1.3%	943,1 ETP	+1.2%	931,8 ETP	+3.5%	900,4 ETP	+1.7%	885,5 ETP	-5.1%	933,1 ETP	+3.2%	903,9 ETP	+7.1%	843,9 ETP	+0.4%	840,8 ETP	+1.7%	826,6 ETP	+6.4%	777,2 ETP	+2.0%	762,0 ETP	+0.4%	759,0 ETP	+4.5%	726,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 47 ended

Active mandates

Hannelore Walcarius

Director · since 21 mai 2024 · until 20 mai 2030

Active

Michel De Ridder

Director · since 21 mai 2024 · until 20 mai 2030

Active

Klaas Debruyne

Director · since 12 mai 2024 · until 20 mai 2030

Active

ARISTO

Chairman of the board of directors · since 16 mai 2022 · until 16 mai 2028 · 0434.718.564

Represented by Frank Coene

Active

Eric Van Nueten

Director · since 16 mai 2022 · until 15 mai 2028

Active

Nicolas Meuwissen

Director · since 16 mai 2022 · until 18 mai 2028

Active

Kathleen Vermylen

Director · since 17 mai 2021 · until 18 mai 2027

Active

ALEXO

Managing director · since 15 septembre 2020 · until 18 mai 2026 · 0870.896.286

Represented by Olivier Delaere

Active

Johan Lamoot

Director · since 18 mai 2020 · until 18 mai 2026

Active

Ended mandates

Klaas Debruyne

Director · since 21 mai 2024 · until 20 mai 2030

Ended

Eric Van Nueten

Director · since 16 mai 2022 · until 16 mai 2028

Ended

Nicolas Meuwissen

Director · since 16 mai 2022 · until 16 mai 2028

Ended

Kathleen Vermylen

Director · since 17 mai 2021 · until 17 mai 2027

Ended

At this address

Other companies at this address

Company	CBE no.
FEBELCOFONDS● Active	0479.158.422
Febelco Group Pillar Two● Active	1015.865.063
FEBELFARMA● Active	0479.127.936
MEDIPIM● Active	0545.879.079

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	20/05/2026	17/06/2025	04/07/2024	12/06/2023	27/06/2022	14/06/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
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

41 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	20/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	18/05/2026	20/05/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	17/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	19/05/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	04/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	21/05/2024	09/07/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	12/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	15/05/2023	12/06/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	27/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	16/05/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	14/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	01/01/9999	14/06/2021	Dutch	PDF
Full model	31/12/2019	18/05/2020	22/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	18/05/2020	22/06/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	28/05/2019	Dutch	PDF
Consolidated accounts	31/12/2018	20/05/2019	28/05/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	11/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	22/05/2018	22/06/2018	Dutch	PDF
Full modelCorrection	31/12/2016	15/05/2017	30/01/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	19/05/2017	Dutch	PDF
Consolidated accounts	31/12/2016	15/05/2017	19/05/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	03/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	17/05/2016	03/06/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	23/06/2015	Dutch	PDF

View all 41 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 9 active · 47 ended

Active mandates

Hannelore Walcarius

Director · since 21 mai 2024 · until 20 mai 2030

Active

Michel De Ridder

Director · since 21 mai 2024 · until 20 mai 2030

Active

Klaas Debruyne

Director · since 12 mai 2024 · until 20 mai 2030

Active

ARISTO

Chairman of the board of directors · since 16 mai 2022 · until 16 mai 2028 · 0434.718.564

Represented by Frank Coene

Active

Eric Van Nueten

Director · since 16 mai 2022 · until 15 mai 2028

Active

Nicolas Meuwissen

Director · since 16 mai 2022 · until 18 mai 2028

Active

Kathleen Vermylen

Director · since 17 mai 2021 · until 18 mai 2027

Active

ALEXO

Managing director · since 15 septembre 2020 · until 18 mai 2026 · 0870.896.286

Represented by Olivier Delaere

Active

Johan Lamoot

Director · since 18 mai 2020 · until 18 mai 2026

Active

Ended mandates

Klaas Debruyne

Director · since 21 mai 2024 · until 20 mai 2030

Ended

Eric Van Nueten

Director · since 16 mai 2022 · until 16 mai 2028

Ended

Nicolas Meuwissen

Director · since 16 mai 2022 · until 16 mai 2028

Ended

Kathleen Vermylen

Director · since 17 mai 2021 · until 17 mai 2027

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other06/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/10/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/10/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/07/2021
ONTSLAGEN - BENOEMINGEN
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 20254,4 M €↑
19/05/2025
reconductionMOORE AUDIT — commissaris
2024
Annual accounts 20244,2 M €↓
21/05/2024
reconductionKlaas Debruyne — bestuurder
21/05/2024
reconductionMichel De Ridder — bestuurder
21/05/2024
reconductionHannelore Walcarius — bestuurder
2023
Annual accounts 20237,3 M €↑
2022
Annual accounts 20221 M €↓
16/05/2022
reconductionEric Van Nueten — bestuurder
16/05/2022
nominationNicolas Meuwissen — bestuurder
16/05/2022
nominationAristo BV — bestuurder
16/05/2022
reconductionMoore Audit BV — commissaris
2021
Annual accounts 20217 M €↑
2020
Annual accounts 20204,8 M €↑
2019
Annual accounts 20194,4 M €↓
2018
Annual accounts 20187,4 M €↑
2017
Annual accounts 20173,7 M €↓
2016
Annual accounts 20168,7 M €↓
2015
Annual accounts 20159,6 M €↓
2014
Annual accounts 201413,1 M €↑
2013
Annual accounts 201312,8 M €↑
2012
Annual accounts 201212,6 M €↓
2011
Annual accounts 201113,6 M €↑
2010
Annual accounts 201013,5 M €↑
2009
Annual accounts 200910,2 M €↓
2008
Annual accounts 200810,4 M €↑
2007
Annual accounts 20077,9 M €↑
2006
Annual accounts 20066,5 M €
11/09/1996
IncorporationCooperative society

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

FEBELCO

Overview

What does FEBELCO 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