ACTIVE

FIRECO SYSTEMS

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Financial year 2025 · Closed on 31/12/2025

Net result447,6 k €+55,5 %over 1 year

Gross margin1,2 M €+10,2 %over 1 year

Equity1,5 M €+42,3 %over 1 year

Workforce3,6 ETP+5,9 %over 1 year

Identity

Source · BCE/KBO

FIRECO SYSTEMS is a Public limited company incorporated in 1998. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Hasselt. It employs on average 3,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0464.227.251
Incorporation: 28/09/1998
Legal form: Public limited company
Registered office: Diestersteenweg 303
3510 Hasselt · FlandreSee on map
Contributed capital: 61 973,38 €
Latest accounts: 31/12/2025
Average workforce: 3,6 ETP

Activities (NACE)

46643Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment 46699Wholesale of other machinery and equipment 51871Air transport 51872Air transport+9

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,2 M €	+10.2%	1,1 M €	+59.8%	686,1 k €	+2.8%	667,8 k €	+20.7%	553,1 k €
EBITDA	779,5 k €	+51.2%	515,6 k €	+39.9%	368,6 k €	-4.3%	385,3 k €	+21.4%	317,3 k €
Operating result	684,4 k €	+49.3%	458,3 k €	+40.8%	325,5 k €	-2.7%	334,6 k €	+29.4%	258,6 k €
Net result	447,6 k €	+55.5%	287,8 k €	+42.2%	202,4 k €	-20.8%	255,5 k €	+57.6%	162,1 k €
Balance sheet
Equity	1,5 M €	+42.3%	1,1 M €	+3.7%	1 M €	-4.5%	1,1 M €	+31.4%	813,8 k €
Total assets	4 M €	+19.3%	3,4 M €	+17.3%	2,9 M €	+35.6%	2,1 M €	+21.5%	1,7 M €
Cash	908,2 k €	-32.9%	1,4 M €	-17.9%	1,6 M €	+130%	716,7 k €	+40.6%	509,7 k €
Debts	2,4 M €	+5.9%	2,3 M €	+24.8%	1,8 M €	+76.9%	1 M €	+12.7%	921,3 k €
Other
Workforce	3,6 ETP	+5.9%	3,4 ETP	+13.3%	3,0 ETP	-3.2%	3,1 ETP	+3.3%	3,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period
Iris Masselin	Directorsince 01/05/2026
CHRISTIAN BARIBBI	Director14/06/2004 → 01/07/2028
Management Rudi0786.626.448Represented by Rudi Roger Masselin	Managing director01/07/2022 → 01/07/2028

Ended mandates

Director	Mandates in this company	Period
Christian Barbibbi	Director13/06/2016 → 2020 accounts
Franco Baribbi	Director14/06/2004 → 14/06/2010
Rudi Masselin	Managing director13/06/2016 → 2021 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	29/07/2026	30/06/2025	19/06/2024	28/06/2023	27/06/2022	22/06/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	28/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	06/08/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	08/08/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	19/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	27/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period
Iris Masselin	Directorsince 01/05/2026
CHRISTIAN BARIBBI	Director14/06/2004 → 01/07/2028
Management Rudi0786.626.448Represented by Rudi Roger Masselin	Managing director01/07/2022 → 01/07/2028

Ended mandates

Director	Mandates in this company	Period
Christian Barbibbi	Director13/06/2016 → 2020 accounts
Franco Baribbi	Director14/06/2004 → 14/06/2010
Rudi Masselin	Managing director13/06/2016 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/04/2025
MAATSCHAPPELIJKE ZETEL
PDF
Other28/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2016
HERBENOEMING MANDATEN
PDF
Mandates24/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2004
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/07/2003
MAATSCHAPPELIJKE ZETEL
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Iris Masselin

Management Rudi

CHRISTIAN BARIBBI

Franco Baribbi

Christian Barbibbi

Rudi Masselin

Christian Baaribbi

1998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

FIRECO SYSTEMS

Diestersteenweg 303, 3510 KermtDiestersteenweg 142, 3510 Kermt

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Diestersteenweg 303, 3510 KermtCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00359732
Diestersteenweg 142, 3510 Kermt	accounts 2021 → 2023	Accounts 2023 · 2024-00140384

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FIRECO SYSTEMSCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00359732

Events

2025
Annual accounts 2025447,6 k €↑
2024
Annual accounts 2024287,8 k €↑
2023
Annual accounts 2023202,4 k €↓
2022
Annual accounts 2022255,5 k €↑
2021
Annual accounts 2021162,1 k €↓
2020
Annual accounts 2020237,8 k €↑
2019
Annual accounts 2019177,1 k €↑
2018
Annual accounts 2018124,2 k €↑
2017
Annual accounts 2017116,8 k €↑
2016
Annual accounts 201676,6 k €↑
2015
Annual accounts 201560,1 k €↑
2014
Annual accounts 201419 k €↓
2013
Annual accounts 201332,2 k €↑
2012
Annual accounts 201214,7 k €↑
2011
Annual accounts 20118,6 k €↓
2010
Annual accounts 201087 k €↓
2009
Annual accounts 2009115,1 k €↓
2008
Annual accounts 2008130,9 k €↑
2007
Annual accounts 2007118,7 k €↑
2006
Annual accounts 200670,1 k €
28/09/1998
IncorporationPublic limited company

FIRECO SYSTEMS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events