ACTIVE

ANDRE Frères

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Financial year 2025 · closed on 31/12/2025

Net result

59 k €

-29.6% YoY

Gross margin

384 k €

+0.3% YoY

Equity

360,6 k €

-16.1% YoY

Workforce

6,2 ETP

+6.9% YoY

What does ANDRE Frères do?

ANDRE Frères is a Private limited company incorporated in 1996. Its main activity is: Retail sale of meat and meat products in specialised stores. Its registered office is in Liège. It employs on average 6,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.039.632

Incorporation

23/10/1996

Legal form

Private limited company

Registered office

Rue Saint-Paul 32
4000 Liège · WallonieSee on map

Contributed capital

19 406,88 €

Latest accounts

31/12/2025

Average workforce

6,2 ETP

Activities (NACE)

47221Retail sale of meat and meat products in specialised stores· main 47221Retail sale of meat and meat products in specialised stores 52220Service activities incidental to water transportation 52272Support activities for transportation 47279Retail sale of food, beverages and tobacco in specialised stores 47299Other retail sale of food in specialised stores

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	384 k €	+0.3%	382,9 k €	+19.1%	321,6 k €	+13.6%	283,1 k €	-5.2%	298,7 k €	+33.9%	223,1 k €	-6.3%	238 k €	-6.4%	254,3 k €	+4.1%	244,2 k €	+0.9%	242,1 k €	+14.3%	211,7 k €	-7.8%	229,6 k €	+10.1%	208,5 k €	+11.3%	187,4 k €	+2.1%	183,5 k €	+10.5%	166,1 k €	-5.4%	175,6 k €	+11.2%	158 k €
EBITDA	109,7 k €	-15.4%	129,7 k €	+136%	55 k €	-9.8%	60,9 k €	-43.0%	106,9 k €	+147%	43,3 k €	-22.0%	55,5 k €	-32.3%	82 k €	-5.5%	86,8 k €	-2.1%	88,7 k €	+45.6%	60,9 k €	-15.0%	71,7 k €	-18.6%	88 k €	+74.4%	50,4 k €	+24.5%	40,5 k €	+152%	16 k €	-43.4%	28,3 k €	-16.0%	33,7 k €
Operating result	93,5 k €	-23.5%	122,1 k €	+156%	47,7 k €	+3.2%	46,2 k €	-52.7%	97,7 k €	+201%	32,4 k €	-27.7%	44,9 k €	-3.3%	46,4 k €	-20.1%	58,1 k €	-15.6%	68,8 k €	+64.9%	41,8 k €	-19.8%	52,1 k €	-25.3%	69,7 k €	+161%	26,7 k €	-7.6%	28,9 k €	+218%	9,1 k €	-56.7%	20,9 k €	-24.1%	27,6 k €
Net result	59 k €	-29.6%	83,9 k €	+198%	28,1 k €	-2.6%	28,9 k €	-57.0%	67,2 k €	+227%	20,6 k €	-36.8%	32,5 k €	-12.2%	37,1 k €	-10.7%	41,5 k €	-38.2%	67,2 k €	+93.0%	34,8 k €	-19.0%	43 k €	-19.1%	53,2 k €	+138%	22,3 k €	-23.4%	29,1 k €	+83.1%	15,9 k €	-4.3%	16,6 k €	-35.3%	25,7 k €
Balance sheet
Equity	360,6 k €	-16.1%	429,6 k €	+24.3%	345,7 k €	+8.9%	317,6 k €	+10.0%	288,7 k €	+62.0%	178,2 k €	+13.1%	157,6 k €	-74.2%	610,8 k €	+5.2%	580,7 k €	+7.7%	539,2 k €	+14.2%	472 k €	+8.0%	437,1 k €	+10.9%	394,1 k €	+15.6%	341 k €	+7.0%	318,7 k €	+10.1%	289,5 k €	+5.8%	273,6 k €	+6.5%	257 k €
Total assets	456,6 k €	-10.3%	509 k €	+19.0%	427,9 k €	+10.3%	387,8 k €	+2.2%	379,4 k €	+61.0%	235,7 k €	-0.6%	237,1 k €	-65.6%	688,5 k €	+6.1%	649,1 k €	+1.1%	642,3 k €	+20.5%	533,1 k €	+2.7%	519,2 k €	+5.2%	493,4 k €	+12.6%	438 k €	+22.5%	357,5 k €	+7.4%	333 k €	+3.3%	322,2 k €	+8.6%	296,6 k €
Cash	381,1 k €	-7.5%	412 k €	+18.0%	349,2 k €	+21.3%	287,9 k €	-14.2%	335,7 k €	+109%	160,5 k €	+2.9%	156 k €	+28.4%	121,5 k €	+6.5%	114 k €	-40.1%	190,3 k €	-34.2%	289,2 k €	-10.0%	321,5 k €	+13.4%	283,4 k €	+34.5%	210,7 k €	-18.5%	258,5 k €	+100%	129,3 k €	-33.0%	193 k €	+49.6%	129,1 k €
Debts	96 k €	+20.9%	79,4 k €	-3.3%	82,1 k €	+17.1%	70,2 k €	-22.6%	90,7 k €	+58.2%	57,3 k €	-27.8%	79,5 k €	+2.3%	77,7 k €	+13.7%	68,4 k €	-32.6%	101,5 k €	+70.4%	59,5 k €	-25.9%	80,4 k €	-17.7%	97,6 k €	+0.6%	97 k €	+150%	38,8 k €	-10.6%	43,4 k €	-10.6%	48,6 k €	+22.8%	39,6 k €
Other
Workforce	6,2 ETP	+6.9%	5,8 ETP	-1.7%	5,9 ETP		–		–		–		6,1 ETP	+10.9%	5,5 ETP	-3.5%	5,7 ETP	-8.1%	6,2 ETP	+12.7%	5,5 ETP	+1.9%	5,4 ETP	+8.0%	5,0 ETP	+16.3%	4,3 ETP	-15.7%	5,1 ETP	-10.5%	5,7 ETP	+1.8%	5,6 ETP	+12.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Etienne André

Director · since 15 juillet 2021

Active

Luc André

Director

Active

Ended mandates

Etienne ANDRE

Director · since 14 octobre 1996

Ended

Etienne ANDRE

Manager · since 14 octobre 1996

Ended

Luc ANDRE

Director · since 14 octobre 1996

Ended

LUC ANDRE

Manager · since 14 octobre 1996

Ended

At this address

Other companies at this address

Company	CBE no.
ANDRE 141● Active	0881.976.359

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro 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	29/05/2026	31/10/2025	29/08/2024	29/08/2023	23/08/2022	26/10/2021
General meeting	15/05/2026	25/10/2025	29/08/2024	31/07/2023	22/08/2022	31/07/2021
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	15/05/2026	29/05/2026	French	PDF
Abridged model	31/12/2024	25/10/2025	31/10/2025	French	PDF
Abridged model	31/12/2023	29/08/2024	29/08/2024	French	PDF
Micro model	31/12/2022	31/07/2023	29/08/2023	French	PDF
Micro model	31/12/2021	22/08/2022	23/08/2022	French	PDF
Micro model	31/12/2020	31/07/2021	26/10/2021	French	PDF
Micro model	31/12/2019	26/08/2020	30/09/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	22/06/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	23/06/2016	08/08/2016	French	PDF
Abridged model	31/12/2014	25/06/2015	29/08/2015	French	PDF
Abridged model	31/12/2013	26/06/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	28/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	23/06/2011	09/11/2011	French	PDF
Abridged model	31/12/2009	24/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	26/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	28/06/2007	24/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

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

Active mandates

Etienne André

Director · since 15 juillet 2021

Active

Luc André

Director

Active

Ended mandates

Etienne ANDRE

Director · since 14 octobre 1996

Ended

Etienne ANDRE

Manager · since 14 octobre 1996

Ended

Luc ANDRE

Director · since 14 octobre 1996

Ended

LUC ANDRE

Manager · since 14 octobre 1996

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/07/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Restructuring23/08/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring14/06/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares12/05/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202559 k €↓
2024
Annual accounts 202483,9 k €↑
2023
Annual accounts 202328,1 k €↓
2022
Annual accounts 202228,9 k €↓
2021
Annual accounts 202167,2 k €↑
2019
Annual accounts 201920,6 k €↓
2018
Annual accounts 201832,5 k €↓
2016
Annual accounts 201637,1 k €↓
2015
Annual accounts 201541,5 k €↓
2014
Annual accounts 201467,2 k €↑
2013
Annual accounts 201334,8 k €↓
2012
Annual accounts 201243 k €↓
2011
Annual accounts 201153,2 k €↑
2010
Annual accounts 201022,3 k €↓
2009
Annual accounts 200929,1 k €↑
2008
Annual accounts 200815,9 k €↓
2007
Annual accounts 200716,6 k €↓
2006
Annual accounts 200625,7 k €
23/10/1996
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

ANDRE Frères

Overview

What does ANDRE Frères do?

Trend over 18 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