ACTIVE

FINGAREN

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Financial year 2025 · Closed on 31/12/2025

Net result6,1 M €-18,3 %over 1 year

Revenue0 €

Equity104,3 M €+4,5 %over 1 year

Workforce1,7 ETP-32,0 %over 1 year

Identity

Source · BCE/KBO

FINGAREN is a Private limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles. It employs on average 1,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0464.852.011
Incorporation: 15/12/1998
Legal form: Private limited company
Registered office: Rue du Bois Sauvage 17
1000 Bruxelles · BruxellesSee on map
Contributed capital: 50 939 825,07 €
Latest accounts: 31/12/2025
Average workforce: 1,7 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 70201Management consultancy activities 68201Rental and operating of own or leased real estate+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	0 €		–		–		–		–
EBITDA	-332,2 k €	+61.6%	-864,1 k €	-120%	-392,5 k €	+7.4%	-423,9 k €	-77.9%	-238,3 k €
Operating result	-411,4 k €	+56.8%	-951,6 k €	-91.3%	-497,3 k €	+1.1%	-502,9 k €	-58.5%	-317,3 k €
Net result	6,1 M €	-18.3%	7,4 M €	+902%	740,4 k €	-79.4%	3,6 M €	-9.3%	4 M €
Balance sheet
Equity	104,3 M €	+4.5%	99,9 M €	+6.6%	93,7 M €	-0.1%	93,7 M €	+3.1%	90,9 M €
Total assets	137,5 M €	+1.1%	136 M €	-3.2%	140,5 M €	-0.6%	141,3 M €	+7.2%	131,8 M €
Cash	1,6 M €	+16.6%	1,4 M €	+55.8%	871,7 k €	-63.2%	2,4 M €	-0.2%	2,4 M €
Debts	32,7 M €	-8.0%	35,5 M €	-22.2%	45,6 M €	-1.9%	46,5 M €	+16.9%	39,8 M €
Other
Workforce	1,7 ETP	-32.0%	2,5 ETP	-13.8%	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marie-Noël PAQUOT	Directorsince 30/01/2024
Stéphanie PAQUOT	Directorsince 30/01/2024
Valérie PAQUOT	Directorsince 24/05/2022Manager22/10/2014 → 31/03/2027ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nicole THYS	Manager09/09/2021 → 31/03/2026
Guy PAQUOT	Manager29/11/2017 → 29/11/2022

Other companies at this address

Rue du Bois Sauvage 17 1000 Bruxelles

Company	CBE no.
COMPAGNIE DU BOIS SAUVAGE● Active	0402.964.823
ENTREPRISES ET CHEMINS DE FER EN CHINE● Active	0403.207.521
PARFINA● Active	0442.910.215
SAPER VEDERE● Active	0679.771.446
Stichting Paul Delvaux - Fondation Paul Delvaux● Active	0419.911.614
Tanval● Active	0431.315.448

Full financial information

Source · NBB

	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	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	31/12/2025	31/12/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	13 months	12 months	12 months	12 months	12 months
Filing date	13/05/2026	07/05/2025	16/05/2024	05/04/2023	21/04/2022	12/04/2021
General meeting	23/04/2026	24/04/2025	25/04/2024	31/03/2023	31/03/2022	31/03/2021
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
Full model	31/12/2025	23/04/2026	13/05/2026	French	PDF
Full model	31/12/2024	24/04/2025	07/05/2025	French	PDF
Full model	30/11/2023	25/04/2024	16/05/2024	French	PDF
Full model	30/11/2022	31/03/2023	05/04/2023	French	PDF
Full model	30/11/2021	31/03/2022	21/04/2022	French	PDF
Full model	30/11/2020	31/03/2021	12/04/2021	French	PDF
Full model	30/11/2019	31/03/2020	27/04/2020	French	PDF
Full model	30/11/2018	29/03/2019	26/04/2019	French	PDF
Full model	30/11/2017	30/03/2018	18/04/2018	French	PDF
Full model	30/11/2016	31/03/2017	16/05/2017	French	PDF
Full model	30/11/2015	31/03/2016	25/04/2016	French	PDF
Full model	30/11/2014	31/03/2015	24/04/2015	French	PDF
Full model	30/11/2013	31/03/2014	10/04/2014	French	PDF
Full model	30/11/2012	29/03/2013	25/04/2013	French	PDF
Full model	30/11/2011	31/03/2012	18/04/2012	French	PDF
Full model	30/11/2010	31/03/2011	12/04/2011	French	PDF
Full model	30/11/2009	31/03/2010	26/04/2010	French	PDF
Full model	30/11/2008	31/03/2009	20/04/2009	French	PDF
Full model	30/11/2007	31/03/2008	11/04/2008	French	PDF
Full model	30/11/2006	30/03/2007	26/04/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marie-Noël PAQUOT	Directorsince 30/01/2024
Stéphanie PAQUOT	Directorsince 30/01/2024
Valérie PAQUOT	Directorsince 24/05/2022Manager22/10/2014 → 31/03/2027ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nicole THYS	Manager09/09/2021 → 31/03/2026
Guy PAQUOT	Manager29/11/2017 → 29/11/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates02/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates02/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates08/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates26/03/2020
DEMISSIONS, NOMINATIONS
PDF
Other27/12/2017
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/02/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates26/04/2016
DEMISSIONS, NOMINATIONS
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

Filings17 filings

Mandates

Stéphanie PAQUOT

Marie-Noël PAQUOT

Valérie PAQUOT

Nicole THYS

Guy PAQUOT

Pierre-Yves de LAMINNE de Bex

Tanval

ANCHORAGE

199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

FINGAREN

Rue du Bois Sauvage 17, 1000 Brussels

Director

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Bois Sauvage 17, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00114618

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FINGARENCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00114618

Events

2025
Annual accounts 20256,1 M €↓
2024
Annual accounts 20247,4 M €↑
30/01/2024
nominationPAQUOT Stéphanie Anne · administrateur statutaire
30/01/2024
nominationPAQUOT Marie-Noël Françoise · administrateur statutaire
2023
Annual accounts 2023740,4 k €↓
2022
Annual accounts 20223,6 M €↓
31/03/2022
reconductionValérie Paquot · gérante statutaire
2021
Annual accounts 20214 M €↑
2020
Annual accounts 20201,1 M €↓
2019
Annual accounts 20193,4 M €↑
2018
Annual accounts 20182,1 M €↑
2017
Annual accounts 20171,4 M €↓
2016
Annual accounts 20163 M €↑
2015
Annual accounts 20152 M €↓
2014
Annual accounts 20142,1 M €↓
2013
Annual accounts 20132,3 M €↑
2012
Annual accounts 20121,7 M €↓
2011
Annual accounts 201111,6 M €↑
2010
Annual accounts 20101,5 M €↑
2009
Annual accounts 20091,4 M €
15/12/1998
IncorporationPrivate limited company

FINGAREN

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events