ACTIVE

3B-FIBREGLASS

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Financial year 2025 · Closed on 31/12/2025

Net result769,1 k €-85,5 %over 1 year

Revenue182 M €+0,2 %over 1 year

Equity57,3 M €+1,3 %over 1 year

Workforce387,9 ETP-1,6 %over 1 year

Identity

Source · BCE/KBO

3B-FIBREGLASS is a Private limited company incorporated in 1999. Its main activity is: Manufacture of glass fibres. Its registered office is in Herve. It employs on average 387,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0467.608.690
Incorporation: 24/11/1999
Legal form: Private limited company
Registered office: Rue de Maestricht 67
4651 Herve · WallonieSee on map
Contributed capital: 51 947 195,34 €
Latest accounts: 31/12/2025
Average workforce: 387,9 ETP

Activities (NACE)

23140Manufacture of glass fibres· main 23140Manufacture of glass fibres 26140Manufacture of electronic components and boards 38219Treatment and disposal of non-hazardous waste 38330Materials recovery

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	182 M €	+0.2%	181,6 M €	-20.0%	227 M €	-8.6%	248,5 M €	+48.9%	166,9 M €
EBITDA	6,2 M €	-47.6%	11,9 M €	+74.6%	6,8 M €	-81.0%	35,8 M €	+554%	-7,9 M €
Operating result	941,2 k €	-82.6%	5,4 M €	+875%	556,2 k €	-98.1%	29,3 M €	+300%	-14,6 M €
Net result	769,1 k €	-85.5%	5,3 M €	+1258%	-457,2 k €	-102%	26,2 M €	+254%	-17 M €
Balance sheet
Equity	57,3 M €	+1.3%	56,6 M €	+10.1%	51,4 M €	-1.1%	52 M €	+100%	25,9 M €
Total assets	115,9 M €	+14.1%	101,6 M €	-5.5%	107,5 M €	-9.6%	119 M €	+4.4%	114 M €
Cash	1,7 M €	+63.1%	1 M €	+153%	412,7 k €	-26.1%	558,2 k €	+188%	194,1 k €
Debts	56,3 M €	+33.5%	42,2 M €	-20.9%	53,3 M €	-16.6%	63,9 M €	-24.0%	84,1 M €
Other
Workforce	387,9 ETP	-1.6%	394,2 ETP	-9.2%	434,2 ETP	-7.2%	468,0 ETP	+2.1%	458,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 19 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vishal Bhailal SHAH	Directorsince 12/07/2022
Vishal Sushilkumar GOENKA	Directorsince 12/07/2022

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Meenakshi Devi MUSSAI RAMASSUR	Director28/02/2020 → 30/06/2022
Meenaskshi Devi MUSSAI RAMASSUR	Managerlisted until the 2019 accounts
Nicholas MARTIN	Director03/03/2015 → 28/02/2020

Other companies at this address

Rue de Maestricht 67 4651 Herve

Company	CBE no.
Project Spindle Belgium● Active	1034.210.436

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	29/06/2026	18/08/2025	05/08/2024	31/08/2023	19/07/2022	12/07/2021
General meeting	24/06/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	29/06/2021
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
Full model	31/12/2025	24/06/2026	29/06/2026	French	PDF
Full model	31/12/2024	24/06/2025	18/08/2025	French	PDF
Full model	31/12/2023	25/06/2024	05/08/2024	French	PDF
Full model	31/12/2022	27/06/2023	31/08/2023	French	PDF
Full model	31/12/2021	28/06/2022	19/07/2022	French	PDF
Full model	31/12/2020	29/06/2021	12/07/2021	French	PDF
Full model	31/12/2019	04/09/2020	29/09/2020	French	PDF
Full model	31/12/2018	25/06/2019	07/08/2019	French	PDF
Full model	31/12/2017	26/06/2018	09/07/2018	French	PDF
Full model	31/12/2016	27/06/2017	07/07/2017	French	PDF
Full model	31/12/2015	28/06/2016	02/08/2016	French	PDF
Full model	31/12/2014	30/06/2015	27/07/2015	French	PDF
Full model	31/12/2013	24/06/2014	06/08/2014	French	PDF
Full model	31/12/2012	25/06/2013	26/07/2013	French	PDF
Full model	31/12/2011	26/06/2012	13/08/2012	French	PDF
Full model	31/12/2010	28/06/2011	04/08/2011	French	PDF
Full model	31/12/2009	29/06/2010	17/09/2010	French	PDF
Full model	31/12/2008	30/06/2009	24/09/2009	French	PDF
Full model	31/12/2007	24/06/2008	29/08/2008	French	PDF
Full model	31/12/2006	26/06/2007	23/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

2 active · 19 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vishal Bhailal SHAH	Directorsince 12/07/2022
Vishal Sushilkumar GOENKA	Directorsince 12/07/2022

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Meenakshi Devi MUSSAI RAMASSUR	Director28/02/2020 → 30/06/2022
Meenaskshi Devi MUSSAI RAMASSUR	Managerlisted until the 2019 accounts
Nicholas MARTIN	Director03/03/2015 → 28/02/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates10/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates01/07/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2020
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Mandates30/07/2018
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

Filings20 filings

Mandates

Vishal Bhailal SHAH

Vishal Sushilkumar GOENKA

Meenaskshi Devi MUSSAI RAMASSUR

Meenakshi Devi MUSSAI RAMASSUR

Nicholas MARTIN

Cornelis Johannes Ivon VERAART

Sri Ramchander TUMULURI

Franciscus Marcus HUBERT

Sanjeev Panackal THOMAS

Meghadri Kumar CHATTOPADHYAYA

Shradha BINANI

Sunil SETHY

Show the 9 other mandates

1999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

3B-FIBREGLASS

Rue de Maestricht 67, 4651 Battice

Director

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Maestricht 67, 4651 BatticeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00211393

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
3B-FIBREGLASSCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00211393

Events

2025
Annual accounts 2025769,1 k €↓
2024
Annual accounts 20245,3 M €↑
24/10/2024
reconductionBDO BEDRIJFSREVISOREN - BDO REVISEURS D'ENTREPRISES · commissaire
2023
Annual accounts 2023-457,2 k €↓
01/09/2023
nominationJean-François BERNARD · représentant permanent du commissaire
2022
Annual accounts 202226,2 M €↑
12/07/2022
nominationVinayak Kunj · administrateur
12/07/2022
nominationVishal Bhailal SHAH · administrateur
12/07/2022
nominationVishal Sushilkumar GOENKA · administrateur
2021
Annual accounts 2021-17 M €↑
12/04/2021
cession
2020
Annual accounts 2020-37,5 M €↓
2019
Annual accounts 20195 M €↓
2018
Annual accounts 201813,7 M €↑
2017
Annual accounts 201712 M €↑
2016
Annual accounts 201610,2 M €↑
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 2014-2 M €↑
2013
Annual accounts 2013-6 M €↓
2012
Annual accounts 2012-5,8 M €↓
2011
Annual accounts 2011-4,8 M €↓
2010
Annual accounts 20109,3 M €↑
2009
Annual accounts 2009-5,6 M €↑
2008
Annual accounts 2008-7,3 M €↓
2007
Annual accounts 2007-2 M €↑
2006
Annual accounts 2006-5,6 M €
24/11/1999
IncorporationPrivate limited company

3B-FIBREGLASS

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