ACTIVE

FEBELFARMA

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Financial year 2025 · closed on 31/12/2025

Net result

45,8 k €

-92.5% YoY

Revenue

59,4 k €

+48.4% YoY

Equity

2 M €

+2.3% YoY

What does FEBELFARMA do?

FEBELFARMA is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Sint-Niklaas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.127.936

Incorporation

23/12/2002

Legal form

Private limited company

Registered office

Eigenlostraat 1
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

550 576,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 85599Other education n.e.c.85599Other education n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	59,4 k €	+48.4%	40 k €	+34.4%	29,8 k €	+91.7%	15,5 k €	-29.6%	22,1 k €	-14.3%	25,7 k €	-18.3%	31,5 k €	0.0%	31,5 k €	0.0%	31,5 k €	0.0%	31,5 k €	-39.2%	51,9 k €	+24.7%	41,6 k €	-19.6%	51,8 k €	-7.4%	55,9 k €	+11.4%	50,2 k €	+9.4%	45,9 k €	-23.8%	60,2 k €	-22.4%	77,6 k €	-1.4%	78,6 k €	-1.3%	79,7 k €
EBITDA	16,5 k €	-97.1%	579,1 k €	+16878%	3,4 k €	-91.2%	39 k €	+132%	16,8 k €	-21.1%	21,3 k €	-21.3%	27 k €	-1.2%	27,4 k €	-90.3%	280,9 k €	+249%	80,6 k €	-23.4%	105,1 k €	-10.0%	116,8 k €	+15.0%	101,6 k €	-1.1%	102,7 k €	+6.2%	96,8 k €	+4.8%	92,3 k €	-14.1%	107,5 k €	-13.4%	124,1 k €	-70.6%	422,6 k €	+240%	-300,9 k €
Operating result	16,5 k €	-97.1%	579,1 k €	+16878%	3,4 k €	-91.2%	39 k €	+123%	-167,6 k €	-887%	21,3 k €	+6.2%	20,1 k €	+18.8%	16,9 k €	-93.8%	270,4 k €	+1214%	20,6 k €	-26.5%	28 k €	+329%	-12,2 k €	-140%	30,7 k €	-32.1%	45,2 k €	+15.2%	39,3 k €	+12.7%	34,9 k €	-38.8%	57 k €	-26.1%	77 k €	-79.7%	379,1 k €	+210%	-344,7 k €
Net result	45,8 k €	-92.5%	608,6 k €	+2409%	24,3 k €	-39.6%	40,2 k €	+129%	-137,1 k €	-178%	175 k €	+737%	20,9 k €	+13.3%	18,4 k €	-92.3%	240,8 k €	+668%	31,4 k €	-85.7%	219,5 k €	+1120%	-21,5 k €	-131%	70,5 k €	+33.6%	52,8 k €	+276%	14 k €	+5216%	264 €	-36.2%	414 €	+110%	-4,1 k €	-110%	41,5 k €	+27.9%	32,5 k €
Balance sheet
Equity	2 M €	+2.3%	2 M €	+44.3%	1,4 M €	+1.8%	1,3 M €	+3.1%	1,3 M €	-9.5%	1,4 M €	+13.8%	1,3 M €	+1.7%	1,3 M €	+1.5%	1,2 M €	+24.3%	990,9 k €	+3.3%	959,5 k €	+29.7%	740 k €	-2.8%	761,5 k €	+10.2%	691,1 k €	+268%	187,7 k €	+8.1%	173,7 k €	+0.2%	173,4 k €	+0.2%	173 k €	-2.3%	177,2 k €	+30.6%	135,7 k €
Total assets	2,1 M €	+3.1%	2 M €	+44.2%	1,4 M €	+1.9%	1,4 M €	+3.5%	1,3 M €	-20.0%	1,6 M €	-18.5%	2 M €	-2.7%	2,1 M €	-31.2%	3 M €	+10.5%	2,7 M €	-28.3%	3,8 M €	+1.1%	3,8 M €	+5.4%	3,6 M €	-4.1%	3,7 M €	+11.6%	3,3 M €	+35.2%	2,5 M €	-10.1%	2,7 M €	-43.2%	4,8 M €	-38.3%	7,8 M €	+28.0%	6,1 M €
Cash	–		–		–		–		–		31,8 k €	+349%	7,1 k €	-34.0%	10,7 k €	-98.0%	532,6 k €	+2402%	21,3 k €	-76.7%	91,6 k €	-71.0%	316,1 k €	+3472%	8,8 k €	-74.8%	35,2 k €	+576%	5,2 k €	-60.6%	13,2 k €	+105%	6,4 k €	+182%	2,3 k €	-99.4%	354,5 k €	+983%	32,7 k €
Debts	29,2 k €	+101%	14,5 k €	+42.0%	10,2 k €	+24.3%	8,2 k €	+168%	3,1 k €	-98.4%	186 k €	-74.5%	729,7 k €	-10.9%	819,3 k €	-53.2%	1,8 M €	+1.2%	1,7 M €	-38.4%	2,8 M €	-5.4%	3 M €	+5.9%	2,8 M €	-6.0%	3 M €	-5.1%	3,1 M €	+37.2%	2,3 M €	-10.8%	2,6 M €	-44.9%	4,7 M €	-39.2%	7,6 M €	+36.1%	5,6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 30 ended

Active mandates

ALEXO

Managing director · 0870.896.286

Represented by Olivier Delaere

Active

ARISTO

Chairman of the board of directors · 0434.718.564

Represented by Frank Coene

Active

ERIC VAN NUETEN

Director

Active

Ended mandates

ALEXO

Managing director · since 04 janvier 2021 · until 14 avril 2027 · 0870.896.286

Represented by Olivier Delaere

Ended

ARISTO

Chairman of the board of directors · since 04 janvier 2021 · until 14 avril 2027 · 0434.718.564

Represented by Frank Coene

Ended

Eric Van Nueten

Managing director · since 20 avril 2016 · until 20 avril 2022

Ended

Frank Coene

Chairman of the board of directors · since 20 avril 2016 · until 20 avril 2022

Ended

At this address

Other companies at this address

Company	CBE no.
FEBELCO● Active	0458.780.306
FEBELCOFONDS● Active	0479.158.422
Febelco Group Pillar Two● Active	1015.865.063
MEDIPIM● Active	0545.879.079

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	31/08/2026	28/08/2025	30/08/2024	31/08/2023	27/06/2022	14/06/2021
General meeting	15/04/2026	16/04/2025	17/04/2024	19/04/2023	20/04/2022	21/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/04/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	16/04/2025	28/08/2025	Dutch	PDF
Full model	31/12/2023	17/04/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	19/04/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	20/04/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	21/04/2021	14/06/2021	Dutch	PDF
Full model	31/12/2019	15/04/2020	22/06/2020	Dutch	PDF
Full model	31/12/2018	15/05/2019	14/06/2019	Dutch	PDF
Full model	31/12/2017	16/05/2018	13/06/2018	Dutch	PDF
Full model	31/12/2016	19/04/2017	24/05/2017	Dutch	PDF
Full model	31/12/2015	20/04/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	15/04/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	16/04/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	17/04/2013	12/08/2013	Dutch	PDF
Full model	31/12/2011	18/04/2012	07/08/2012	Dutch	PDF
Full model	31/12/2010	20/04/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	21/04/2010	17/06/2010	Dutch	PDF
Full model	31/12/2008	15/04/2009	03/07/2009	Dutch	PDF
Full model	31/12/2007	16/04/2008	15/05/2008	Dutch	PDF
Full model	31/12/2006	24/04/2007	21/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 active · 30 ended

Active mandates

ALEXO

Managing director · 0870.896.286

Represented by Olivier Delaere

Active

ARISTO

Chairman of the board of directors · 0434.718.564

Represented by Frank Coene

Active

ERIC VAN NUETEN

Director

Active

Ended mandates

ALEXO

Managing director · since 04 janvier 2021 · until 14 avril 2027 · 0870.896.286

Represented by Olivier Delaere

Ended

ARISTO

Chairman of the board of directors · since 04 janvier 2021 · until 14 avril 2027 · 0434.718.564

Represented by Frank Coene

Ended

Eric Van Nueten

Managing director · since 20 avril 2016 · until 20 avril 2022

Ended

Frank Coene

Chairman of the board of directors · since 20 avril 2016 · until 20 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2019
ONTSLAGEN - BENOEMINGEN
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 202545,8 k €↓
2024
Annual accounts 2024608,6 k €↑
2023
Annual accounts 202324,3 k €↓
2022
Annual accounts 202240,2 k €↑
2021
Annual accounts 2021-137,1 k €↓
2020
Annual accounts 2020175 k €↑
2019
Annual accounts 201920,9 k €↑
2018
Annual accounts 201818,4 k €↓
2017
Annual accounts 2017240,8 k €↑
2016
Annual accounts 201631,4 k €↓
2015
Annual accounts 2015219,5 k €↑
2014
Annual accounts 2014-21,5 k €↓
2013
Annual accounts 201370,5 k €↑
2012
Annual accounts 201252,8 k €↑
2011
Annual accounts 201114 k €↑
2010
Annual accounts 2010264 €↓
2009
Annual accounts 2009414 €↑
2008
Annual accounts 2008-4,1 k €↓
2007
Annual accounts 200741,5 k €↑
2006
Annual accounts 200632,5 k €
23/12/2002
IncorporationPrivate 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

FEBELFARMA

Overview

What does FEBELFARMA do?

Trend over 20 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