ACTIVE

NETHYS

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Financial year 2025 · closed on 31/12/2025

Net result

18,3 M €

-74.1% YoY

Revenue

488,1 k €

+122.9% YoY

Equity

1,6 Md €

-1.4% YoY

Workforce

8,8 ETP

-1.1% YoY

What does NETHYS do?

NETHYS is a Public limited company incorporated in 1999. Its main activity is: Wired telecommunications activities. Its registered office is in Liège. It employs on average 8,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.607.720

Incorporation

13/04/1999

Legal form

Public limited company

Registered office

Boulevard Piercot 46
4000 Liège · WallonieSee on map

Contributed capital

1 125 347 425,48 €

Latest accounts

31/12/2025

Average workforce

8,8 ETP

Activities (NACE)

61100Wired telecommunications activities· main 61100Wired telecommunications activities 73200Market research and public opinion polling 73200Market research and public opinion polling

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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		2021		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	488,1 k €	+123%	219 k €	-7.8%	237,5 k €	+18.3%	200,7 k €	-47.7%	383,5 k €	-90.7%	4,1 M €	-98.8%	346,8 M €	+6.8%	324,7 M €	+3.0%	315,2 M €	-0.5%	316,7 M €	+806%	35 M €	+214%	11,1 M €		–		–		–		–		0,3 €		–
EBITDA	-3,6 M €	-207%	3,3 M €	+165%	-5,2 M €	+0.3%	-5,2 M €	-35.4%	-3,8 M €	-215%	3,3 M €	-97.4%	126,1 M €	+3.7%	121,5 M €	+6.9%	113,7 M €	+40.9%	80,7 M €	+5015%	1,6 M €	+228%	480,7 k €	+10308%	-4,7 k €	+72.1%	-16,9 k €	+59.2%	-41,3 k €	-833%	-4,4 k €	-111%	39,6 k €	+473%	6,9 k €
Operating result	-3,8 M €	-746%	593,5 k €	+110%	-6,1 M €	+11.7%	-7 M €	-3.2%	-6,7 M €	-472%	-1,2 M €	-112%	9,4 M €	-34.9%	14,5 M €	+4.7%	13,8 M €	+195%	-14,5 M €	-1024%	1,6 M €	+227%	480 k €	+10293%	-4,7 k €	+72.1%	-16,9 k €	+59.2%	-41,3 k €	-855%	-4,3 k €	-110%	42,9 k €	+520%	6,9 k €
Net result	18,3 M €	-74.1%	70,6 M €	-90.1%	715,7 M €	+3444%	20,2 M €	-3.9%	21 M €	+117%	-126,8 M €	-700%	21,1 M €	-70.0%	70,3 M €	-31.5%	102,6 M €	+371%	21,8 M €	+2516%	832,8 k €	+78.0%	467,9 k €	+32309%	1,4 k €	+109%	-16,7 k €	+40.7%	-28,2 k €	-2.0%	-27,6 k €	-313%	12,9 k €	+260%	-8,1 k €
Balance sheet
Equity	1,6 Md €	-1.4%	1,7 Md €	+2.2%	1,6 Md €	+41.8%	1,2 Md €	+0.7%	1,1 Md €	-5.6%	1,2 Md €	-33.1%	1,8 Md €	-1.1%	1,8 Md €	+1.9%	1,8 Md €	+37.3%	1,3 Md €	+74161%	1,8 M €	+88.9%	936,8 k €	+248%	268,9 k €	+0.5%	267,5 k €	-5.9%	284,2 k €	+2192%	12,4 k €	-69.0%	40 k €	+47.8%	27,1 k €
Total assets	1,7 Md €	-0.8%	1,7 Md €	+1.7%	1,7 Md €	+39.5%	1,2 Md €	+0.3%	1,2 Md €	-11.2%	1,4 Md €	-40.5%	2,3 Md €	-1.4%	2,3 Md €	-3.8%	2,4 Md €	+22.4%	2 Md €	+12601%	15,7 M €	+57.4%	9,9 M €	+3287%	293,7 k €	+1.2%	290,1 k €	-5.5%	306,8 k €	+777%	35 k €	-45.9%	64,7 k €	-50.5%	130,6 k €
Cash	28,7 M €	+40.4%	20,4 M €	-3.6%	21,2 M €	-45.3%	38,7 M €	+15.4%	33,5 M €	+324%	7,9 M €	-81.5%	42,9 M €	-56.1%	97,7 M €	+268%	26,6 M €	-55.7%	60 M €	+4876%	1,2 M €	+38.1%	873,5 k €	+219%	273,9 k €	+775%	31,3 k €	-89.3%	293,3 k €	+995%	26,8 k €	-45.3%	49 k €	-47.0%	92,5 k €
Debts	61,6 M €	+0.4%	61,4 M €	-11.2%	69,1 M €	+0.2%	69 M €	-5.6%	73 M €	-53.7%	157,8 M €	-66.7%	473,5 M €	-1.0%	478,5 M €	-20.8%	604,6 M €	-7.3%	651,9 M €	+4602%	13,9 M €	+54.3%	9 M €	+415569%	2,2 k €		–		–		–		4,6 k €	-86.6%	34,5 k €
Other
Workforce	8,8 ETP	-1.1%	8,9 ETP	-4.3%	9,3 ETP	+2.2%	9,1 ETP	-45.5%	16,7 ETP	-23.0%	21,7 ETP	-94.5%	391,5 ETP	+11.0%	352,8 ETP	+10.5%	319,4 ETP	+14.9%	278,0 ETP	+40.7%	197,6 ETP	+195%	67,0 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 109 ended

Active mandates

Adrien GRABARSKI

Director · since 28 août 2025 · until 28 août 2031

Active

Julie FERNANDEZ FERNANDEZ

Vice-chairman of the board of directors · since 28 août 2025 · until 28 août 2031

Active

Laurent LEVAUX

Chairman of the board of directors · since 28 août 2025 · until 28 août 2031

Active

Luc GILLARD

Director · since 28 août 2025 · until 28 août 2031

Active

Martin JADIN

Director · since 28 août 2025 · until 28 août 2031

Active

Muriel GERKENS

Director · since 28 août 2025 · until 28 août 2031

Active

Olivier DE WASSEIGE

Director · since 28 août 2025 · until 28 août 2031

Active

Thiry Bernard

Director · since 28 août 2025 · until 28 août 2031

Active

Ended mandates

Bertrand DEMONCEAU

Director · since 15 avril 2020 · until 27 avril 2023

Ended

Bertrand DEMONCEAU

Director · since 15 avril 2020 · until 27 avril 2029

Ended

Julie FERNANDEZ FERNANDEZ

Director · since 15 avril 2020 · until 27 avril 2023

Ended

Julie FERNANDEZ FERNANDEZ

Director · since 15 avril 2020 · until 27 avril 2029

Ended

At this address

Other companies at this address

Company	CBE no.
CREDIS● Active	0433.077.977
ELICIO BASTOGNE● Active	0890.159.102
Elicio Vents d'Ardenne● Active	0794.329.832
ENODIA● Active	0204.245.277
Enodia pillar● Active	1011.191.148
NEB PARTICIPATIONS● Active	0480.029.739
NETHYS IMMO● Active	0404.332.622
"NETHYS UNITE TVA"● Active	0642.931.737

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	08/05/2026	29/04/2025	13/05/2024	25/05/2023	16/06/2022	22/09/2021
General meeting	30/04/2026	24/04/2025	30/04/2024	27/04/2023	13/05/2022	25/08/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/04/2026	08/05/2026	French	PDF
Full model	31/12/2024	24/04/2025	29/04/2025	French	PDF
Full model	31/12/2023	30/04/2024	13/05/2024	French	PDF
Full model	31/12/2022	27/04/2023	25/05/2023	French	PDF
Full model	31/12/2021	13/05/2022	16/06/2022	French	PDF
Full modelCorrection	31/12/2020	25/08/2021	22/09/2021	French	PDF
Full model	31/12/2020	20/05/2021	29/07/2021	French	PDF
Full modelCorrection	31/12/2019	19/08/2020	07/09/2020	French	PDF
Full model	31/12/2019	19/08/2020	24/08/2020	French	PDF
Full model	31/12/2018	25/04/2019	22/05/2019	French	PDF
Full model	31/12/2017	03/05/2018	04/06/2018	French	PDF
Full model	31/12/2016	27/04/2017	12/06/2017	French	PDF
Full model	31/12/2015	28/04/2016	26/05/2016	French	PDF
Full model	31/12/2014	30/04/2015	29/05/2015	French	PDF
Full model	31/12/2013	24/04/2014	21/05/2014	French	PDF
Full model	31/12/2012	25/04/2013	13/06/2013	French	PDF
Full model	31/12/2011	26/04/2012	29/05/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	19/07/2011	French	PDF
Abridged model	31/12/2009	30/07/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	08/07/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	20/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	02/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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 · 8 active · 109 ended

Active mandates

Adrien GRABARSKI

Director · since 28 août 2025 · until 28 août 2031

Active

Julie FERNANDEZ FERNANDEZ

Vice-chairman of the board of directors · since 28 août 2025 · until 28 août 2031

Active

Laurent LEVAUX

Chairman of the board of directors · since 28 août 2025 · until 28 août 2031

Active

Luc GILLARD

Director · since 28 août 2025 · until 28 août 2031

Active

Martin JADIN

Director · since 28 août 2025 · until 28 août 2031

Active

Muriel GERKENS

Director · since 28 août 2025 · until 28 août 2031

Active

Olivier DE WASSEIGE

Director · since 28 août 2025 · until 28 août 2031

Active

Thiry Bernard

Director · since 28 août 2025 · until 28 août 2031

Active

Ended mandates

Bertrand DEMONCEAU

Director · since 15 avril 2020 · until 27 avril 2023

Ended

Bertrand DEMONCEAU

Director · since 15 avril 2020 · until 27 avril 2029

Ended

Julie FERNANDEZ FERNANDEZ

Director · since 15 avril 2020 · until 27 avril 2023

Ended

Julie FERNANDEZ FERNANDEZ

Director · since 15 avril 2020 · until 27 avril 2029

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates21/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring11/07/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring26/06/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office12/04/2024
SIEGE SOCIAL
PDF
Restructuring12/02/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates23/11/2023
DEMISSIONS, NOMINATIONS
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 202518,3 M €↓
28/08/2025
nominationLaurent LEVAUX — membre du Conseil d'administration
28/08/2025
nominationBernard THIRY — membre du Conseil d'administration
28/08/2025
nominationJulie FERNANDEZ FERNANDEZ — membre du Conseil d'administration
28/08/2025
nominationBertrand DEMONCEAU — membre du Conseil d'administration
28/08/2025
nominationLuc GILLARD — membre du Conseil d'administration
28/08/2025
nominationMartin JADIN — membre du Conseil d'administration
28/08/2025
nominationOlivier DE WASSEIGE — membre du Conseil d'administration
28/08/2025
nominationAdrien GRABARSKI — membre du Conseil d'administration
28/08/2025
nominationMuriel Gerkens — membre du Conseil d'administration
2024
Annual accounts 202470,6 M €↓
19/07/2024
reconductionRSM InterAudit SRL — Commissaire
2023
Annual accounts 2023715,7 M €↑
15/05/2023
nominationLaurent Levaux — Président
15/05/2023
nominationBernard Thiry — Vice-président
27/04/2023
nominationLaurent LEVAUX — Administrateur
27/04/2023
nominationBernard THIRY — Administrateur
27/04/2023
nominationJean-Pierre HANSEN — Administrateur
27/04/2023
nominationJulie FERNANDEZ FERNANDEZ — Administrateur
27/04/2023
nominationLuc GILLARD — Administrateur
27/04/2023
nominationBertrand DEMONCEAU — Administrateur
27/04/2023
nominationLetitia DUMONT — Administrateur
27/04/2023
nominationMuriel GERKENS — Administrateur
2022
Annual accounts 202220,2 M €↓
01/09/2022
nominationGrégory Demal — Directeur général
2021
Annual accounts 202121 M €↑
2019
Annual accounts 2019-126,8 M €↓
2017
Annual accounts 201721,1 M €↓
2016
Annual accounts 201670,3 M €↓
2015
Annual accounts 2015102,6 M €↑
2014
Annual accounts 201421,8 M €↑
2013
Annual accounts 2013832,8 k €↑
2012
Annual accounts 2012467,9 k €↑
2011
Annual accounts 20111,4 k €↑
2010
Annual accounts 2010-16,7 k €↑
2009
Annual accounts 2009-28,2 k €↓
2008
Annual accounts 2008-27,6 k €↓
2007
Annual accounts 200712,9 k €↑
2006
Annual accounts 2006-8,1 k €
13/04/1999
IncorporationPublic 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

NETHYS

Overview

What does NETHYS 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