BROWNING (SA) — Herstal (4040)

Identity

Source · BCE/KBO

BROWNING is a Public limited company incorporated in 1999. Its registered office is in Herstal.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0465.800.136
Incorporation: 06/04/1999
Legal form: Public limited company
Registered office: Voie de Liège 33
4040 Herstal · WallonieSee on map
Contributed capital: 107 176 099,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
EBITDA	33,9 k €	+334%	-14,5 k €	-109%	-6,9 k €	+18.3%	-8,5 k €	-3.4%	-8,2 k €
Operating result	33,9 k €	+334%	-14,5 k €	-109%	-6,9 k €	+18.3%	-8,5 k €	-3.4%	-8,2 k €
Net result	127,1 M €	+126%	56,3 M €	+141%	23,4 M €	+63.3%	14,3 M €	-14.0%	16,7 M €
Balance sheet
Equity	121,8 M €	+5.7%	115,2 M €	+2.0%	112,9 M €	+1.7%	111 M €	-1.3%	112,5 M €
Total assets	175,4 M €	-14.2%	204,3 M €	+19.2%	171,4 M €	+6.9%	160,3 M €	+2.6%	156,2 M €
Cash	16,7 M €	-59.8%	41,5 M €	+800%	4,6 M €	-53.6%	10 M €	-22.8%	12,9 M €
Debts	53,5 M €	-39.9%	89 M €	+52.5%	58,4 M €	+18.6%	49,2 M €	+12.6%	43,7 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Lionel BLANCHARD	Director01/05/2025 → 21/12/2026
Derrick-Philippe GOSSELIN	Director06/06/2023 → 05/06/2029
Emmanuel BOIS D'ENGHIEN	Director06/06/2023 → 05/06/2029
Fabienne BOZET	Director06/06/2023 → 05/06/2029
Marie-Kristine VANBOCKESTAL	Director06/06/2023 → 05/06/2029
Astrid PIERON	Vice-chairman of the board of directors16/02/2023 → 21/12/2026Director05/02/2021 → 21/12/2026
Yves PRETE	Chairman of the board of directors16/02/2023 → 21/12/2026Director05/02/2021 → 21/12/2026
Julien COMPERE	Director01/10/2021 → 21/12/2026Managing director01/10/2021 → 21/12/2026
Joyce WIECZOREK	Director05/02/2021 → 21/12/2026
Laurent BURTON	Director09/01/2006 → 21/12/2026
Olivier VANDERIJST	Director19/12/2014 → 21/12/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Sébastien BELLE	Chairman of the board of directors05/02/2021 → 2023 accountsDirector05/02/2021 → 2023 accounts

Other companies at this address

Voie de Liège 33 4040 Herstal

Company	CBE no.
FN Browning Group● Active	0444.340.370
FN BROWNING GROUP PILLAR 2● Active	1011.666.547
FN HERSTAL● Active	0441.928.931
FONDATION ARS MECHANICA● Active	0899.807.236
FONDS DE PREPENSION HERSTAL asbl● Active	0889.487.921
HERSTAL GROUP SERVICES● Active	0428.043.380
Logistic Support For Land Systems● Active	1024.310.201

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	01/01/2024	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	22/06/2026	03/07/2025	27/06/2024	27/06/2023	16/06/2022	23/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/06/2026	22/06/2026	French	PDF
Full modelCorrection	31/12/2024	03/06/2025	03/07/2025	French	PDF
Full model	31/12/2024	03/06/2025	02/07/2025	French	PDF
Full model	31/12/2023	04/06/2024	27/06/2024	French	PDF
Full model	31/12/2022	06/06/2023	27/06/2023	French	PDF
Full model	31/12/2021	07/06/2022	16/06/2022	French	PDF
Full model	31/12/2020	01/06/2021	23/06/2021	French	PDF
Full model	31/12/2019	09/06/2020	02/07/2020	French	PDF
Full model	31/12/2018	04/06/2019	27/06/2019	French	PDF
Full model	31/12/2017	05/06/2018	25/06/2018	French	PDF
Full model	31/12/2016	06/06/2017	22/06/2017	French	PDF
Full model	31/12/2015	07/06/2016	29/06/2016	French	PDF
Full model	31/12/2014	02/06/2015	16/06/2015	French	PDF
Full model	31/12/2013	03/06/2014	26/06/2014	French	PDF
Full model	31/12/2012	04/06/2013	19/06/2013	French	PDF
Full model	31/12/2011	05/06/2012	21/06/2012	French	PDF
Full model	31/12/2010	07/06/2011	05/07/2011	French	PDF
Full model	31/12/2009	01/06/2010	21/06/2010	French	PDF
Full model	31/12/2008	02/06/2009	19/06/2009	French	PDF
Full model	31/12/2007	03/06/2008	27/06/2008	French	PDF
Full model	31/12/2006	05/06/2007	29/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

11 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Lionel BLANCHARD	Director01/05/2025 → 21/12/2026
Derrick-Philippe GOSSELIN	Director06/06/2023 → 05/06/2029
Emmanuel BOIS D'ENGHIEN	Director06/06/2023 → 05/06/2029
Fabienne BOZET	Director06/06/2023 → 05/06/2029
Marie-Kristine VANBOCKESTAL	Director06/06/2023 → 05/06/2029
Astrid PIERON	Vice-chairman of the board of directors16/02/2023 → 21/12/2026Director05/02/2021 → 21/12/2026
Yves PRETE	Chairman of the board of directors16/02/2023 → 21/12/2026Director05/02/2021 → 21/12/2026
Julien COMPERE	Director01/10/2021 → 21/12/2026Managing director01/10/2021 → 21/12/2026
Joyce WIECZOREK	Director05/02/2021 → 21/12/2026
Laurent BURTON	Director09/01/2006 → 21/12/2026
Olivier VANDERIJST	Director19/12/2014 → 21/12/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Sébastien BELLE	Chairman of the board of directors05/02/2021 → 2023 accountsDirector05/02/2021 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares05/10/2026
CAPITAL, ACTIONS, STATUTS (TRADUCTION, COORDINATION,
PDF
Mandates04/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET
PDF
Mandates03/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/04/2023
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

Lionel BLANCHARD

Emmanuel BOIS D'ENGHIEN

Fabienne BOZET

Derrick-Philippe GOSSELIN

Marie-Kristine VANBOCKESTAL

Yves PRETE

Astrid PIERON

Julien COMPERE

Joyce WIECZOREK

Olivier VANDERIJST

Laurent BURTON

Laurent LEVAUX

Show the 11 other mandates

1999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

BROWNING

Voie de Liège 33, 4040 Herstal

Director

Chairman of the board of directorsDirector

Vice-chairman of the board of directorsDirector

DirectorManaging director

Director

Vice-chairman of the board of directorsDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Voie de Liège 33, 4040 HerstalCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00181792

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BROWNINGCurrent	accounts 2009 → 2025	Accounts 2025 · 2026-00181792

Events

2025
Annual accounts 2025127,1 M €↑
03/06/2025
nominationLionel BLANCHARD · administrateur
2024
Annual accounts 202456,3 M €↑
04/06/2024
nominationPwC Reviseurs d'Entreprises · Commissaire
2023
Annual accounts 202323,4 M €↑
06/06/2023
nominationFabienne Bozet · administrateur
06/06/2023
nominationEmmanuel Bois d'Enghien · administrateur
06/06/2023
nominationDerrick-Philippe Gosselin · administrateur
06/06/2023
nominationMarie-Kristine Vanbockestal · administrateur
2022
Annual accounts 202214,3 M €↓
2021
Annual accounts 202116,7 M €↑
2020
Annual accounts 20206 M €↓
2019
Annual accounts 20198 M €↑
2018
Annual accounts 20187 M €↓
2017
Annual accounts 20179,9 M €↑
2016
Annual accounts 20169,9 M €↑
2015
Annual accounts 2015-209,3 k €↑
2014
Annual accounts 2014-282,5 k €↓
2013
Annual accounts 20132,7 M €↓
2012
Annual accounts 20124,4 M €↑
2011
Annual accounts 20114 M €↓
2010
Annual accounts 20105,8 M €↑
2009
Annual accounts 20093,5 M €
06/04/1999
IncorporationPublic limited company

BROWNING

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