ACTIVE

Société belge d'Investissement pour les Pays en Développement

Financial year 2025 · Closed on 31/12/2025

Net result9 M €-53,3 %over 1 year

Equity1,2 Md €+1,4 %over 1 year

Workforce82,6 ETP+7,6 %over 1 year

Identity

Source · BCE/KBO

Société belge d'Investissement pour les Pays en Développement is a Public limited company incorporated in 2001. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Bruxelles. It employs on average 82,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0476.286.331
Incorporation: 11/12/2001
Legal form: Public limited company
Registered office: Boulevard Bischoffsheim 15
1000 Bruxelles · BruxellesSee on map
Contributed capital: 4 957 873,00 €
Latest accounts: 31/12/2025
Average workforce: 82,6 ETP

Activities (NACE)

64999Other financial service activities, except insurance and pension funding n.e.c.· main 64999Other financial service activities, except insurance and pension funding n.e.c.65236Reinsurance

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 40 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
EBITDA	-13,2 M €	-6.5%	-12,4 M €	-14.6%	-10,8 M €	+7.3%	-11,7 M €	-7.5%	-10,9 M €
Operating result	-18,3 M €	-5.9%	-17,3 M €	+4.2%	-18 M €	-40.9%	-12,8 M €	+14.6%	-15 M €
Net result	9 M €	-53.3%	19,2 M €	+10.3%	17,4 M €	+236%	-12,8 M €	-4829%	-259,3 k €
Balance sheet
Equity	1,2 Md €	+1.4%	1,2 Md €	+3.5%	1,1 Md €	+1.8%	1,1 Md €	+0.4%	1,1 Md €
Total assets	1,2 Md €	+1.5%	1,2 Md €	+4.1%	1,1 Md €	+1.8%	1,1 Md €	+0.6%	1,1 Md €
Cash	9,8 M €	-6.1%	10,5 M €	+10.7%	9,4 M €	-26.4%	12,8 M €	+65.0%	7,8 M €
Debts	7,8 M €	+21.9%	6,4 M €	+124%	2,9 M €	-4.4%	3 M €	+2.1%	2,9 M €
Other
Workforce	82,6 ETP	+7.6%	76,8 ETP	+2.1%	75,2 ETP	-2.0%	76,7 ETP	+3.0%	74,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 38 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jade Salhab	Director20/05/2024 → 20/05/2029
Sophie Tibesar	Director25/01/2023 → 25/01/2028
Anna Elisabeth De Backer	Director06/08/2021 → 06/08/2026
Géraldine Georges	Chairman of the board of directors06/08/2021 → 06/08/2026
Illias Marraha	Director06/08/2021 → 06/08/2026
Jean- Christophe Charlier	Director06/08/2021 → 06/08/2026
Jean-Christophe Charlier	Director06/08/2021 → 06/08/2026
Laurence Christians	Director28/01/2014 → 06/08/2026
Peter Moors	Director17/05/2010 → 06/08/2026Government commissioner15/11/2014 → 17/02/2021ended
Pieter Verhelst	Vice-chairman of the board of directors06/08/2021 → 06/08/2026Director28/01/2014 → 29/05/2019ended
Samira Bersoul	Director06/08/2021 → 06/08/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nathalie Gilson	Director25/01/2023 → 25/01/2028
Aline Godfrin	Director06/08/2021 → 06/08/2026

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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	07/05/2026	03/06/2025	14/05/2024	09/06/2023	24/06/2022	06/08/2021
General meeting	29/04/2026	28/05/2025	24/04/2024	31/05/2023	25/05/2022	23/06/2021
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, 40 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/04/2026	07/05/2026	Dutch	PDF
Full model	31/12/2025	29/04/2026	07/05/2026	French	PDF
Full model	31/12/2024	28/05/2025	03/06/2025	French	PDF
Full model	31/12/2024	28/05/2025	03/06/2025	Dutch	PDF
Full model	31/12/2023	24/04/2024	14/05/2024	French	PDF
Full model	31/12/2023	24/04/2024	14/05/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	09/06/2023	French	PDF
Full model	31/12/2022	31/05/2023	09/06/2023	Dutch	PDF
Full model	31/12/2021	25/05/2022	24/06/2022	French	PDF
Full model	31/12/2021	25/05/2022	24/06/2022	Dutch	PDF
Full model	31/12/2020	23/06/2021	06/08/2021	French	PDF
Full model	31/12/2020	23/06/2021	23/07/2021	Dutch	PDF
Full model	31/12/2019	27/05/2020	23/06/2020	Dutch	PDF
Full model	31/12/2019	27/05/2020	23/06/2020	French	PDF
Full model	31/12/2018	29/05/2019	31/07/2019	Dutch	PDF
Full model	31/12/2018	29/05/2019	31/07/2019	French	PDF
Full model	31/12/2017	30/05/2018	20/08/2018	French	PDF
Full model	31/12/2017	30/05/2018	31/07/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	13/06/2017	French	PDF
Full model	31/12/2016	31/05/2017	13/06/2017	Dutch	PDF
Full model	31/12/2015	01/06/2016	29/06/2016	French	PDF
Full model	31/12/2015	01/06/2016	29/06/2016	Dutch	PDF
Full model	31/12/2014	11/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2014	11/06/2015	07/07/2015	French	PDF
Full model	31/12/2013	08/05/2014	08/07/2014	French	PDF
Full model	31/12/2013	08/05/2014	16/06/2014	Dutch	PDF
Full model	31/12/2012	14/05/2013	01/07/2013	French	PDF
Full model	31/12/2012	14/05/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	10/05/2012	07/06/2012	Dutch	PDF
Full model	31/12/2011	10/05/2012	07/06/2012	French	PDF
Full model	31/12/2010	12/05/2011	17/06/2011	French	PDF
Full model	31/12/2010	12/05/2011	17/06/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	15/06/2010	Dutch	PDF
Full model	31/12/2009	17/05/2010	15/06/2010	French	PDF
Full model	31/12/2008	14/05/2009	08/06/2009	French	PDF
Full model	31/12/2008	14/05/2009	05/06/2009	Dutch	PDF
Full model	31/12/2007	08/05/2008	06/06/2008	Dutch	PDF
Full model	31/12/2007	08/05/2008	06/06/2008	French	PDF
Full model	31/12/2006	10/05/2007	26/06/2007	French	PDF
Full model	31/12/2006	10/05/2007	15/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 38 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jade Salhab	Director20/05/2024 → 20/05/2029
Sophie Tibesar	Director25/01/2023 → 25/01/2028
Anna Elisabeth De Backer	Director06/08/2021 → 06/08/2026
Géraldine Georges	Chairman of the board of directors06/08/2021 → 06/08/2026
Illias Marraha	Director06/08/2021 → 06/08/2026
Jean- Christophe Charlier	Director06/08/2021 → 06/08/2026
Jean-Christophe Charlier	Director06/08/2021 → 06/08/2026
Laurence Christians	Director28/01/2014 → 06/08/2026
Peter Moors	Director17/05/2010 → 06/08/2026Government commissioner15/11/2014 → 17/02/2021ended
Pieter Verhelst	Vice-chairman of the board of directors06/08/2021 → 06/08/2026Director28/01/2014 → 29/05/2019ended
Samira Bersoul	Director06/08/2021 → 06/08/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nathalie Gilson	Director25/01/2023 → 25/01/2028
Aline Godfrin	Director06/08/2021 → 06/08/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other24/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other24/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2024
ONTSLAGEN - BENOEMINGEN
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

Filings18 filings

Mandates

Jade Salhab

Sophie Tibesar

Jean- Christophe Charlier

Laurence Christians

Géraldine Georges

Samira Bersoul

Anna Elisabeth De Backer

Pieter Verhelst

Illias Marraha

Peter Moors

Jean-Christophe Charlier

Nathalie Gilson

and 37 more mandates

20012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

Belgische investeringsmaatschappij voor ontwikkelingslanden ( afgekort BIO)Société Belge d'investissement pour les pays en développement (en abrégé BIO)Belgische investeringsmaatschappij voor ontwikkelingslanden (afgekort BIO) - Société Belge d'investissement pour les pays en développement (en abrégé BIO)

Boulevard Bischoffsheim 15, 1000 Brussels

Director

Chairman of the board of directors

Director

Vice-chairman of the board of directorsDirector

Director

DirectorGovernment commissioner

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard Bischoffsheim 15, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00108301

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Société belge d'Investissement pour les Pays en DéveloppementCurrent		CBE
Belgische investeringsmaatschappij voor ontwikkelingslanden ( afgekort BIO)	accounts 2024 → 2025	Accounts 2025 · 2026-00108364
Société Belge d'investissement pour les pays en développement (en abrégé BIO)	accounts 2025	Accounts 2025 · 2026-00108301
Société Belge d'investissement pour les pays en développement (en abrégé BIO)	accounts 2023 → 2024	Accounts 2024 · 2025-00116239
Belgische investeringsmaatschappij voor ontwikkelingslanden ( afgekort BIO)	accounts 2023	Accounts 2023 · 2024-00089079
Belgische investeringsmaatschappij voor ontwikkelingslanden (afgekort BIO) - Société Belge d'investissement pour les pays en développement (en abrégé BIO)	accounts 2021 → 2022	Accounts 2022 · 2023-00119895

Events

03/04/2026
nominationRSM INTERAUDIT SRL · commissaire
2025
Annual accounts 20259 M €↓
2025
Name changeSociété Belge d'investissement pour les pays en développement (en abrégé BIO)
2024
Annual accounts 202419,2 M €↑
2024
Name changeBelgische investeringsmaatschappij voor ontwikkelingslanden ( afgekort BIO)
01/03/2024
nominationJoris Totté · délégué à la gestion journalière
01/03/2024
nominationJoris Totté · Persoon belast met het dagelijks bestuur
2023
Annual accounts 202317,4 M €↑
2023
Name changeBelgische investeringsmaatschappij voor ontwikkelingslanden ( afgekort BIO)
2023
Name changeSociété Belge d'investissement pour les pays en développement (en abrégé BIO)
31/05/2023
nominationMazars Bedrijfsrevisoren CVBA · commissaire
31/05/2023
nominationMazars Bedrijfsrevisoren CVBA · commissaris
2022
Annual accounts 2022-12,8 M €↓
05/09/2022
augmentation_capital
2021
Annual accounts 2021-259,3 k €↑
2020
Annual accounts 2020-14,6 M €↓
2019
Annual accounts 2019-3,7 M €↓
2018
Annual accounts 201810,4 M €↓
2017
Annual accounts 201775,3 M €↑
2016
Annual accounts 20166,7 M €↓
2015
Annual accounts 20159,4 M €↓
2014
Annual accounts 201411 M €↑
2013
Annual accounts 20138,5 M €↓
2012
Annual accounts 201210,7 M €↑
2011
Annual accounts 20114,5 M €↑
2010
Annual accounts 20104,1 M €↑
2009
Annual accounts 2009797 k €↓
2008
Annual accounts 20082,9 M €
11/12/2001
IncorporationPublic limited company

Société belge d'Investissement pour les Pays en Développement

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