ACTIVE

FA IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

124,5 k €

+609.3% YoY

Gross margin

208,5 k €

+186.5% YoY

Equity

234,3 k €

+113.5% YoY

What does FA IMMO do?

FA IMMO is a Public limited company incorporated in 2003. Its main activity is: Real estate agencies. Its registered office is in Manhay.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.240.871

Incorporation

08/01/2003

Legal form

Public limited company

Registered office

Rue des Boussines, Vaux-Chavanne 46
6960 Manhay · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities 16210Manufacture of veneer sheets and wood-based panels 16210Manufacture of veneer sheets and wood-based panels 20200Manufacture of pesticides and other agrochemical products+3

Signals

ProfitablePositive 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
Gross margin	208,5 k €	+187%	72,8 k €	+22.7%	59,3 k €	+21.4%	48,8 k €	+2.5%	47,7 k €	+11.2%	42,8 k €	-42.2%	74,1 k €	+296%	18,7 k €	+119%	8,5 k €	-65.8%	25 k €	-45.5%	45,8 k €	-19.1%	56,6 k €	-25.1%	75,6 k €	-11.9%	85,9 k €	-28.5%	120 k €	+33.6%	89,9 k €	+21.8%	73,8 k €	+5.9%	69,6 k €	+5.9%	65,8 k €	+293%	16,7 k €
EBITDA	205,6 k €	+205%	67,5 k €	+18.6%	56,9 k €	+85.0%	30,7 k €	-30.5%	44,2 k €	+136%	-123,3 k €	-284%	67,1 k €	+503%	11,1 k €	+193%	3,8 k €	-37.2%	6 k €	-85.2%	40,6 k €	-23.9%	53,4 k €	-21.5%	68 k €	+0.2%	67,9 k €	-12.6%	77,7 k €	+100%	38,8 k €	-29.2%	54,8 k €	-16.1%	65,3 k €	+36.4%	47,8 k €	+578%	7,1 k €
Operating result	171,8 k €	+642%	23,1 k €	+7.5%	21,5 k €	+336%	-9,1 k €	-191%	10 k €	+107%	-149,8 k €	-588%	30,7 k €	+205%	-29,3 k €	+15.9%	-34,9 k €	-57.0%	-22,2 k €	+10.0%	-24,7 k €	-221%	20,3 k €	-36.7%	32,1 k €	+17.5%	27,3 k €	-11.0%	30,7 k €	+1568%	-2,1 k €	-110%	20,9 k €	-14.2%	24,3 k €	+321%	5,8 k €	+118%	-32,9 k €
Net result	124,5 k €	+609%	17,6 k €	+7.6%	16,3 k €	+235%	-12,1 k €	-304%	5,9 k €	+104%	-155,9 k €	-650%	28,4 k €	+177%	-37 k €	-236%	27,2 k €	+247%	-18,5 k €	-111%	173,1 k €	+5163%	3,3 k €	+317%	788,6 €	-83.9%	4,9 k €	-56.2%	11,2 k €	+207%	-10,5 k €	-195%	11 k €	+43.0%	7,7 k €	+240%	-5,5 k €	+86.9%	-42,2 k €
Balance sheet
Equity	234,3 k €	+113%	109,7 k €	+19.1%	92,2 k €	+21.5%	75,9 k €	-13.8%	88 k €	+7.2%	82,1 k €	-65.5%	238 k €	+13.5%	209,6 k €	-15.0%	246,6 k €	+12.4%	219,4 k €	-7.8%	237,9 k €	+200%	79,2 k €	+2.7%	77,1 k €	-0.5%	77,5 k €	+5.0%	73,8 k €	+15.6%	63,9 k €	-15.5%	75,6 k €	+14.9%	65,8 k €	+10.9%	59,3 k €	-10.2%	66,1 k €
Total assets	2,2 M €	+174%	814,6 k €	+9.1%	746,6 k €	-2.9%	769 k €	+5.2%	730,9 k €	-1.1%	739,4 k €	-24.7%	981,9 k €	-7.5%	1,1 M €	+44.6%	734,1 k €	+13.9%	644,5 k €	+40.4%	458,9 k €	+44.5%	317,5 k €	-11.1%	357,1 k €	-7.2%	384,8 k €	-10.0%	427,8 k €	+7.9%	396,4 k €	+29.3%	306,6 k €	-12.1%	348,9 k €	-24.6%	463 k €	+28.0%	361,8 k €
Cash	25,3 k €	+1232%	1,9 k €	-81.0%	10 k €	+2936%	329,3 €	-86.1%	2,4 k €	-30.6%	3,4 k €	+199%	1,1 k €	-80.5%	5,8 k €	-30.0%	8,3 k €	-49.3%	16,4 k €	-77.7%	73,5 k €	+357%	16,1 k €	+1369%	1,1 k €	-86.9%	8,4 k €	+41.2%	5,9 k €	-65.2%	17 k €	+94.6%	8,8 k €	-31.1%	12,7 k €	+432%	2,4 k €	-15.1%	2,8 k €
Debts	1,9 M €	+207%	626,1 k €	+9.9%	569,6 k €	-5.8%	604,9 k €	+10.0%	550 k €	-1.7%	559,6 k €	-12.8%	641,5 k €	-13.8%	744,3 k €	+98.2%	375,6 k €	+22.8%	305,8 k €	+215%	97,2 k €	-59.2%	238,3 k €	-14.8%	279,8 k €	-8.9%	307,3 k €	-13.1%	353,6 k €	+6.4%	332,5 k €	+43.9%	231,1 k €	-17.5%	280 k €	-30.6%	403,2 k €	+36.8%	294,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-50.0%	0,2 ETP	-50.0%	0,4 ETP	-63.6%	1,1 ETP	-21.4%	1,4 ETP	+100%	0,7 ETP		–		–		–

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 · 1 active · 12 ended

Active mandates

Arnaud HARDENNE

Director · since 03 décembre 2025

Active

Ended mandates

Arnaud HARDENNE

Managing director · since 18 mars 2019 · until 18 mars 2025

Ended

Arnaud HARDENNE

Managing director · since 18 mars 2019 · until 31 août 2025

Ended

Bernard HARDENNE

Managing director · since 18 mars 2019 · until 18 mars 2025

Ended

Bernard HARDENNE

Managing director · since 29 octobre 2015 · until 29 octobre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
ETEM● Active	0687.767.414
Groupe HARDENNE● Active	0799.326.223
PANELCONSTRUCT● Active	0834.189.607
POLYPANEL BELGIQUE● Active	0880.936.677

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/07/2026	30/07/2025	29/08/2024	30/08/2023	31/07/2022	30/08/2021
General meeting	31/07/2026	30/07/2025	26/08/2024	28/08/2023	29/07/2022	27/08/2021
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
Abridged model	31/12/2025	31/07/2026	31/07/2026	French	PDF
Abridged model	31/12/2024	30/07/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	26/08/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	28/08/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	29/07/2022	31/07/2022	French	PDF
Abridged model	31/12/2020	27/08/2021	30/08/2021	French	PDF
Micro model	31/12/2019	26/11/2020	04/12/2020	French	PDF
Micro model	31/12/2018	10/10/2019	27/12/2019	French	PDF
Abridged model	31/12/2017	25/09/2018	29/09/2018	French	PDF
Abridged model	31/12/2016	29/08/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	12/10/2016	24/11/2016	French	PDF
Abridged model	31/12/2014	08/10/2015	16/12/2015	French	PDF
Abridged model	31/12/2013	29/09/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	21/10/2013	25/10/2013	French	PDF
Abridged model	31/12/2011	14/10/2012	20/11/2012	French	PDF
Abridged model	31/12/2010	04/11/2011	30/12/2011	French	PDF
Abridged model	31/12/2009	16/08/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	06/10/2009	30/10/2009	French	PDF
Abridged model	31/12/2007	28/08/2008	30/08/2008	French	PDF
Abridged model	31/12/2006	28/09/2007	31/10/2007	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 · 1 active · 12 ended

Active mandates

Arnaud HARDENNE

Director · since 03 décembre 2025

Active

Ended mandates

Arnaud HARDENNE

Managing director · since 18 mars 2019 · until 18 mars 2025

Ended

Arnaud HARDENNE

Managing director · since 18 mars 2019 · until 31 août 2025

Ended

Bernard HARDENNE

Managing director · since 18 mars 2019 · until 18 mars 2025

Ended

Bernard HARDENNE

Managing director · since 29 octobre 2015 · until 29 octobre 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/12/2025
OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office21/10/2016
SIEGE SOCIAL
PDF
Mandates23/11/2015
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates12/01/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates11/03/2005
DEMISSIONS, NOMINATIONS
PDF
Registered office19/01/2005
SIEGE SOCIAL
PDF
Mandates29/07/2004
DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS - DIVERS
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 2025124,5 k €↑
2024
Annual accounts 202417,6 k €↑
2023
Annual accounts 202316,3 k €↑
2022
Annual accounts 2022-12,1 k €↓
2021
Annual accounts 20215,9 k €↑
2020
Annual accounts 2020-155,9 k €↓
2019
Annual accounts 201928,4 k €↑
2018
Annual accounts 2018-37 k €↓
2017
Annual accounts 201727,2 k €↑
2016
Annual accounts 2016-18,5 k €↓
2015
Annual accounts 2015173,1 k €↑
2014
Annual accounts 20143,3 k €↑
2013
Annual accounts 2013788,6 €↓
2012
Annual accounts 20124,9 k €↓
2011
Annual accounts 201111,2 k €↑
2010
Annual accounts 2010-10,5 k €↓
2009
Annual accounts 200911 k €↑
2008
Annual accounts 20087,7 k €↑
2007
Annual accounts 2007-5,5 k €↑
2006
Annual accounts 2006-42,2 k €
08/01/2003
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

FA IMMO

Overview

What does FA IMMO 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