ACTIVE

BARNFIN

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Financial year 2025 · closed on 30/06/2025

Net result

8,6 M €

-48.9% YoY

Gross margin

-235,4 k €

-490.5% YoY

Equity

195,7 M €

-2.2% YoY

Workforce

0,0 ETP

What does BARNFIN do?

BARNFIN is a Private limited company incorporated in 1997. Its main activity is: Activities of holding companies. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.348.628

Incorporation

28/08/1997

Legal form

Private limited company

Registered office

Rue de la Cambre 180
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

136 150 997,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

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 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-235,4 k €	-491%	-39,9 k €	-98.4%	-20,1 k €	+5.5%	-21,3 k €	+35.8%	-33,1 k €	-33.0%	-24,9 k €	+10.1%	-27,7 k €	+1.7%	-28,2 k €	+15.2%	-33,2 k €	+5.4%	-35,1 k €	+32.1%	-51,7 k €	-59.6%	-32,4 k €	+9.3%	-35,7 k €	-43.3%	-24,9 k €	+7.8%	-27 k €	-21.5%	-22,3 k €	-21.3%	-18,4 k €	-1082%	-1,6 k €
EBITDA	-276,4 k €	-259%	-77,1 k €	-46.1%	-52,8 k €	+16.7%	-63,3 k €	-86.4%	-34 k €	-31.9%	-25,8 k €	+9.8%	-28,6 k €	+1.4%	-29 k €	+15.3%	-34,2 k €	+5.5%	-36,2 k €	+31.2%	-52,6 k €	-57.6%	-33,4 k €	-1107%	-2,8 k €	+95.4%	-59,8 k €	-114%	-28 k €	-20.6%	-23,2 k €	-20.2%	-19,3 k €	-674%	-2,5 k €
Operating result	-276,4 k €	-259%	-77,1 k €	-46.1%	-52,8 k €	+16.7%	-63,3 k €	-86.4%	-34 k €	-31.9%	-25,8 k €	+14.8%	-30,3 k €	+1.3%	-30,7 k €	+14.6%	-35,9 k €	+5.2%	-37,9 k €	+30.3%	-54,3 k €	-62.8%	-33,4 k €	-945%	-3,2 k €	+94.8%	-61,9 k €	-106%	-30,1 k €	-18.9%	-25,3 k €	-18.3%	-21,4 k €	-413%	-4,2 k €
Net result	8,6 M €	-48.9%	16,8 M €	+194%	5,7 M €	+137%	2,4 M €	-2.8%	2,5 M €	-41.7%	4,3 M €	-5.3%	4,5 M €	+11.7%	4 M €	-4.6%	4,2 M €	+19.0%	3,5 M €	+3.7%	3,4 M €	+9.7%	3,1 M €	+17.8%	2,6 M €	-28.3%	3,7 M €	+44.6%	2,6 M €	+34.3%	1,9 M €	-30.1%	2,7 M €	+0.9%	2,7 M €
Balance sheet
Equity	195,7 M €	-2.2%	200,1 M €	+9.2%	183,3 M €	+3.2%	177,6 M €	+5.0%	169,1 M €	+1.5%	166,7 M €	+2.6%	162,4 M €	+2.8%	157,9 M €	+2.6%	153,9 M €	+2.8%	149,7 M €	+2.4%	146,1 M €	+0.8%	145 M €	+2.2%	141,9 M €	-9.3%	156,5 M €	+2.4%	152,8 M €	+1.7%	150,2 M €	+1.3%	148,3 M €	+1.9%	145,6 M €
Total assets	198,7 M €	-0.8%	200,3 M €	+9.2%	183,4 M €	+3.2%	177,7 M €	+5.0%	169,3 M €	+1.5%	166,7 M €	+2.6%	162,5 M €	+2.9%	157,9 M €	+2.6%	153,9 M €	+2.7%	149,8 M €	+2.5%	146,1 M €	+0.8%	145 M €	+2.2%	141,9 M €	-9.4%	156,6 M €	+2.5%	152,8 M €	+1.7%	150,2 M €	+1.3%	148,3 M €	+1.9%	145,6 M €
Cash	9,1 M €	-28.5%	12,7 M €	+46.2%	8,7 M €	+31.8%	6,6 M €	-18.2%	8,1 M €	+19.0%	6,8 M €	+22.9%	5,5 M €	-26.0%	7,5 M €	+18.9%	6,3 M €	+48.2%	4,2 M €	+465%	749,5 k €	-80.4%	3,8 M €	+39.8%	2,7 M €	-40.1%	4,6 M €	+299%	1,1 M €	-11.6%	1,3 M €	-58.2%	3,1 M €	+984%	284,9 k €
Debts	3 M €	+1738%	165 k €	+90.2%	86,8 k €	+9.3%	79,4 k €	-24.6%	105,2 k €	+32.9%	79,2 k €	+50.2%	52,7 k €	+62.9%	32,4 k €	+2385%	1,3 k €	-99.2%	172,5 k €	+2735%	6,1 k €	+52.4%	4 k €	+6.2%	3,8 k €	-93.4%	57,3 k €	+1097%	4,8 k €	-55.9%	10,9 k €	+192%	3,7 k €	+80.9%	2,1 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

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 30/06/2025 · 4 active · 13 ended

Active mandates

Cédric VAN RIJCKEVORSEL

Managing director

Active

Cynthia VAN RIJCKEVORSEL

Managing director

Active

Jean VAN RIJCKEVORSEL

Director

Active

Paule Bridget actions

Director

Active

Ended mandates

Cédric Jonkheer van RIJCKEVORSEL

Director · until 31 octobre 2007

Ended

Cédric JONKHEER VAN RIJCKEVORSEL

Director

Ended

Cédric VAN RIJCKEVORSEL

Director

Ended

Cynthia van RICKEVORSEL épouse FAVRE d'ECHALLENS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Alpaca Solutions● Active	0745.932.176
BRINESAN● Active	0832.325.524
CINAGI● Bankrupt	0456.246.230
LOONA● Active	0470.035.076
Ministar● Active	0428.599.052

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2019	01/07/2018
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2020	30/06/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/09/2025	10/09/2024	17/11/2023	23/12/2022	19/11/2020	13/09/2019
General meeting	08/09/2025	09/09/2024	18/09/2023	16/09/2022	03/09/2020	11/09/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	08/09/2025	22/09/2025	French	PDF
Abridged model	30/06/2024	09/09/2024	10/09/2024	French	PDF
Abridged model	30/06/2023	18/09/2023	17/11/2023	French	PDF
Abridged model	30/06/2022	16/09/2022	23/12/2022	French	PDF
Abridged model	30/06/2020	03/09/2020	19/11/2020	French	PDF
Abridged model	30/06/2019	11/09/2019	13/09/2019	French	PDF
Abridged model	30/06/2018	19/09/2018	21/09/2018	French	PDF
Abridged model	30/06/2017	14/09/2017	19/09/2017	French	PDF
Abridged model	30/06/2016	08/09/2016	12/09/2016	French	PDF
Abridged model	30/06/2015	15/09/2015	06/11/2015	French	PDF
Abridged model	30/06/2014	02/10/2014	29/10/2014	French	PDF
Abridged model	30/06/2013	17/09/2013	26/09/2013	French	PDF
Abridged model	30/06/2012	18/09/2012	31/10/2012	French	PDF
Abridged model	30/06/2011	20/09/2011	21/11/2011	French	PDF
Abridged model	30/06/2010	21/09/2010	30/09/2010	French	PDF
Abridged model	30/06/2009	15/09/2009	18/09/2009	French	PDF
Abridged model	30/06/2008	16/09/2008	15/12/2008	French	PDF
Abridged model	30/06/2007	18/09/2007	29/10/2007	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 30/06/2025 · 4 active · 13 ended

Active mandates

Cédric VAN RIJCKEVORSEL

Managing director

Active

Cynthia VAN RIJCKEVORSEL

Managing director

Active

Jean VAN RIJCKEVORSEL

Director

Active

Paule Bridget actions

Director

Active

Ended mandates

Cédric Jonkheer van RIJCKEVORSEL

Director · until 31 octobre 2007

Ended

Cédric JONKHEER VAN RIJCKEVORSEL

Director

Ended

Cédric VAN RIJCKEVORSEL

Director

Ended

Cynthia van RICKEVORSEL épouse FAVRE d'ECHALLENS

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2025
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office16/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates19/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/11/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/11/2014
CAPITAL, ACTIONS
PDF
Mandates05/05/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office18/09/2013
SIEGE SOCIAL
PDF
Capital / shares27/01/2012
CAPITAL, ACTIONS
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 20258,6 M €↓
19/03/2025
reduction_capital
2024
Annual accounts 202416,8 M €↑
2023
Annual accounts 20235,7 M €↑
2022
Annual accounts 20222,4 M €↓
17/09/2021
reconductionPaule Bridget JANSSEN — administrateur
17/09/2021
reconductionCynthia van RIJCKEVORSEL — administrateur
17/09/2021
reconductionJonkheer Jean van RIJCKEVORSEL — administrateur
17/09/2021
reconductionJonkheer Cedric van RIJCKEVORSEL — administrateur
17/09/2021
reconductionPaule Bridget JANSSEN — administrateur délégué
2020
Annual accounts 20202,5 M €↓
2019
Annual accounts 20194,3 M €↓
2018
Annual accounts 20184,5 M €↑
2017
Annual accounts 20174 M €↓
2016
Annual accounts 20164,2 M €↑
2015
Annual accounts 20153,5 M €↑
2014
Annual accounts 20143,4 M €↑
2013
Annual accounts 20133,1 M €↑
2012
Annual accounts 20122,6 M €↓
2011
Annual accounts 20113,7 M €↑
2010
Annual accounts 20102,6 M €↑
2009
Annual accounts 20091,9 M €↓
2008
Annual accounts 20082,7 M €↑
2007
Annual accounts 20072,7 M €
28/08/1997
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

BARNFIN

Overview

What does BARNFIN 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