ACTIVE

BROWNING

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Financial year 2025 · closed on 31/12/2025

Net result

127,1 M €

+125.7% YoY

Equity

121,8 M €

+5.7% YoY

What does BROWNING do?

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

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
EBITDA	33,9 k €	+334%	-14,5 k €	-109%	-6,9 k €	+18.3%	-8,5 k €	-3.4%	-8,2 k €	-27.9%	-6,4 k €	+24.2%	-8,5 k €	-5.3%	-8,1 k €	-287%	-2,1 k €	+51.4%	-4,3 k €	+9.6%	-4,7 k €	+3.2%	-4,9 k €	-7.2%	-4,6 k €	-22.7%	-3,7 k €	+30.4%	-5,3 k €	-4.0%	-5,1 k €	+7.8%	-5,6 k €
Operating result	33,9 k €	+334%	-14,5 k €	-109%	-6,9 k €	+18.3%	-8,5 k €	-3.4%	-8,2 k €	-27.9%	-6,4 k €	+24.2%	-8,5 k €	-5.3%	-8,1 k €	-287%	-2,1 k €	+51.4%	-4,3 k €	+9.6%	-4,7 k €	+3.2%	-4,9 k €	-7.2%	-4,6 k €	-22.7%	-3,7 k €	+30.4%	-5,3 k €	-4.0%	-5,1 k €	+7.8%	-5,6 k €
Net result	127,1 M €	+126%	56,3 M €	+141%	23,4 M €	+63.3%	14,3 M €	-14.0%	16,7 M €	+178%	6 M €	-24.8%	8 M €	+14.5%	7 M €	-29.9%	9,9 M €	+0.6%	9,9 M €	+4811%	-209,3 k €	+25.9%	-282,5 k €	-111%	2,7 M €	-39.1%	4,4 M €	+10.1%	4 M €	-31.1%	5,8 M €	+66.9%	3,5 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 €	-2.8%	115,7 M €	-3.4%	119,8 M €	+2.5%	116,8 M €	-0.0%	116,8 M €	+2.6%	113,9 M €	+5.4%	108,1 M €	-3.7%	112,3 M €	-0.3%	112,6 M €	+2.4%	109,9 M €	+4.2%	105,5 M €	+3.9%	101,5 M €	+6.1%	95,6 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 €	+2.9%	151,7 M €	+3.4%	146,8 M €	-0.9%	148,1 M €	-0.0%	148,1 M €	+1.6%	145,8 M €	+1.0%	144,3 M €	-2.0%	147,2 M €	+0.3%	146,8 M €	-2.9%	151,2 M €	+3.0%	146,8 M €	+1.5%	144,5 M €	+5.5%	137 M €
Cash	16,7 M €	-59.8%	41,5 M €	+800%	4,6 M €	-53.6%	10 M €	-22.8%	12,9 M €	+33.0%	9,7 M €	+106%	4,7 M €	-21.5%	6 M €	-14.8%	7 M €	+48.5%	4,7 M €	+46.7%	3,2 M €	-47.2%	6,1 M €	+7.1%	5,7 M €	-43.6%	10,1 M €	+81.7%	5,6 M €	+852%	586 k €	+2627%	21,5 k €
Debts	53,5 M €	-39.9%	89 M €	+52.5%	58,4 M €	+18.6%	49,2 M €	+12.6%	43,7 M €	+21.4%	36 M €	+33.3%	27 M €	-13.6%	31,3 M €	+0.0%	31,3 M €	-1.9%	31,9 M €	-12.0%	36,2 M €	+3.8%	34,9 M €	+2.0%	34,2 M €	-17.2%	41,3 M €	0.0%	41,3 M €	-4.1%	43,1 M €	+4.3%	41,3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 14 active · 58 ended

Active mandates

Lionel BLANCHARD

Director · since 01 mai 2025 · until 21 décembre 2026

Active

Derrick-Philippe GOSSELIN

Director · since 06 juin 2023 · until 05 juin 2029

Active

Emmanuel BOIS D'ENGHIEN

Director · since 06 juin 2023 · until 05 juin 2029

Active

Fabienne BOZET

Director · since 06 juin 2023 · until 05 juin 2029

Active

Marie-Kristine VANBOCKESTAL

Director · since 06 juin 2023 · until 05 juin 2029

Active

Astrid PIERON

Vice-chairman of the board of directors · since 16 février 2023 · until 21 décembre 2026

Active

Yves PRETE

Chairman of the board of directors · since 16 février 2023 · until 21 décembre 2026

Active

Julien COMPERE

Director · since 01 octobre 2021 · until 21 décembre 2026

Active

Julien COMPERE

Managing director · since 01 octobre 2021 · until 21 décembre 2026

Active

Astrid PIERON

Director · since 05 février 2021 · until 21 décembre 2026

Active

Joyce WIECZOREK

Director · since 05 février 2021 · until 21 décembre 2026

Active

Laurent BURTON

Director · since 05 février 2021 · until 01 mai 2025

Active

Olivier VANDERIJST

Director · since 05 février 2021 · until 21 décembre 2026

Active

Yves PRETE

Director · since 05 février 2021 · until 21 décembre 2026

Active

Ended mandates

Jean-Sébastien BELLE

Chairman of the board of directors · since 05 février 2021 · until 14 février 2023

Ended

Jean-Sébastien BELLE

Chairman of the board of directors · since 05 février 2021 · until 21 décembre 2026

Ended

Jean-Sébastien BELLE

Director · since 05 février 2021 · until 14 février 2023

Ended

Jean-Sébastien BELLE

Director · since 05 février 2021 · until 21 décembre 2026

Ended

At this address

Other companies at this address

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

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	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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 14 active · 58 ended

Active mandates

Lionel BLANCHARD

Director · since 01 mai 2025 · until 21 décembre 2026

Active

Derrick-Philippe GOSSELIN

Director · since 06 juin 2023 · until 05 juin 2029

Active

Emmanuel BOIS D'ENGHIEN

Director · since 06 juin 2023 · until 05 juin 2029

Active

Fabienne BOZET

Director · since 06 juin 2023 · until 05 juin 2029

Active

Marie-Kristine VANBOCKESTAL

Director · since 06 juin 2023 · until 05 juin 2029

Active

Astrid PIERON

Vice-chairman of the board of directors · since 16 février 2023 · until 21 décembre 2026

Active

Yves PRETE

Chairman of the board of directors · since 16 février 2023 · until 21 décembre 2026

Active

Julien COMPERE

Director · since 01 octobre 2021 · until 21 décembre 2026

Active

Julien COMPERE

Managing director · since 01 octobre 2021 · until 21 décembre 2026

Active

Astrid PIERON

Director · since 05 février 2021 · until 21 décembre 2026

Active

Joyce WIECZOREK

Director · since 05 février 2021 · until 21 décembre 2026

Active

Laurent BURTON

Director · since 05 février 2021 · until 01 mai 2025

Active

Olivier VANDERIJST

Director · since 05 février 2021 · until 21 décembre 2026

Active

Yves PRETE

Director · since 05 février 2021 · until 21 décembre 2026

Active

Ended mandates

Jean-Sébastien BELLE

Chairman of the board of directors · since 05 février 2021 · until 14 février 2023

Ended

Jean-Sébastien BELLE

Chairman of the board of directors · since 05 février 2021 · until 21 décembre 2026

Ended

Jean-Sébastien BELLE

Director · since 05 février 2021 · until 14 février 2023

Ended

Jean-Sébastien BELLE

Director · since 05 février 2021 · until 21 décembre 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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
Mandates23/08/2022
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 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

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

BROWNING

Overview

What does BROWNING do?

Trend over 17 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