ACTIVE

FE2

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Financial year 2025 · closed on 31/12/2025

Net result

161,3 k €

-21.8% YoY

Gross margin

565,5 k €

-4.7% YoY

Equity

1 M €

-21.5% YoY

Workforce

5,5 ETP

-5.2% YoY

What does FE2 do?

FE2 is a Private limited company incorporated in 2003. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Bilzen-Hoeselt. It employs on average 5,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.864.938

Incorporation

28/03/2003

Legal form

Private limited company

Registered office

Bremakker 40
3740 Bilzen-Hoeselt · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

5,5 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620Machining 28520Manufacture of machinery and equipment n.e.c.25120Manufacture of doors and windows of metal+5

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	565,5 k €	-4.7%	593,4 k €	+13.9%	521,1 k €	-3.4%	539,6 k €	+58.6%	340,3 k €	+2.2%	333 k €	-9.6%	368,4 k €	+106%	178,8 k €	+18.6%	150,8 k €	-30.4%	216,9 k €	+26.1%	172 k €	-2.3%	176 k €	+30.1%	135,3 k €	+19.7%	113 k €	+55.6%	72,6 k €	-16.9%	87,4 k €	+63.1%	53,6 k €	-43.5%	94,8 k €	+142%	39,2 k €	-50.0%	78,4 k €
EBITDA	335,1 k €	-14.0%	389,7 k €	+12.7%	345,8 k €	-6.1%	368,2 k €	+120%	167,3 k €	-9.9%	185,6 k €	-21.8%	237,5 k €	+155%	93 k €	+9.3%	85,1 k €	-49.8%	169,5 k €	+31.2%	129,2 k €	+35.6%	95,3 k €	+11.6%	85,4 k €	+166%	32,1 k €	-54.5%	70,5 k €	-17.3%	85,3 k €	+68.5%	50,6 k €	-45.4%	92,7 k €	+139%	38,8 k €	-50.4%	78,3 k €
Operating result	256,4 k €	-21.3%	325,7 k €	+19.3%	273,1 k €	-9.4%	301,4 k €	+181%	107,1 k €	-18.9%	132 k €	-28.8%	185,3 k €	+348%	41,4 k €	-35.2%	63,9 k €	-56.9%	148,2 k €	+41.2%	104,9 k €	+81.3%	57,9 k €	-13.5%	66,9 k €	+288%	17,2 k €	-68.3%	54,4 k €	-12.6%	62,2 k €	+124%	27,8 k €	-59.8%	69,2 k €	+359%	15,1 k €	-77.6%	67,3 k €
Net result	161,3 k €	-21.8%	206,3 k €	+19.0%	173,4 k €	-6.6%	185,7 k €	+192%	63,7 k €	-24.4%	84,2 k €	-19.6%	104,8 k €	+1077%	8,9 k €	-74.0%	34,2 k €	-61.6%	89,2 k €	+47.0%	60,7 k €	+99.3%	30,5 k €	+3.4%	29,4 k €	+152%	11,7 k €	-59.0%	28,5 k €	+1.9%	28 k €	+135%	11,9 k €	-71.1%	41,2 k €	+1414%	2,7 k €	-94.3%	47,6 k €
Balance sheet
Equity	1 M €	-21.5%	1,3 M €	+19.0%	1,1 M €	+19.0%	910 k €	+25.6%	724,4 k €	+9.6%	661 k €	+14.6%	576,9 k €	+22.2%	472,2 k €	+1.9%	463,5 k €	+9.3%	424,1 k €	+26.6%	334,9 k €	+22.1%	274,2 k €	+3.2%	265,8 k €	+12.5%	236,3 k €	+5.2%	224,7 k €	+14.5%	196,2 k €	+16.6%	168,2 k €	+7.6%	156,3 k €	+35.7%	115,2 k €	+2.4%	112,4 k €
Total assets	2 M €	-5.4%	2,1 M €	+10.2%	1,9 M €	+7.6%	1,7 M €	+3.2%	1,7 M €	+7.1%	1,6 M €	+7.6%	1,5 M €	-26.4%	2 M €	-0.3%	2 M €	+44.6%	1,4 M €	+73.8%	795,6 k €	-3.1%	821,4 k €	+41.7%	579,6 k €	-5.7%	614,5 k €	+3.7%	592,3 k €	+11.5%	531,3 k €	+2.3%	519,5 k €	+1.0%	514,4 k €	-0.6%	517,7 k €	+185%	181,6 k €
Cash	243,6 k €	-30.0%	348 k €	+400%	69,6 k €	-75.8%	287,7 k €	+437%	53,6 k €	+52.6%	35,1 k €	-13.8%	40,7 k €	+693%	5,1 k €	-79.2%	24,7 k €	-89.0%	225,4 k €	+1754%	12,2 k €	-41.3%	20,7 k €	+69.7%	12,2 k €	+88.7%	6,5 k €	-78.8%	30,5 k €	-46.4%	56,8 k €		–		47,8 k €	+39.6%	34,3 k €	-32.7%	50,9 k €
Debts	942 k €	+21.3%	776,9 k €	-2.0%	792,6 k €	-4.9%	833,8 k €	-13.7%	965,6 k €	+5.3%	916,6 k €	+3.0%	889,5 k €	-41.5%	1,5 M €	-0.9%	1,5 M €	+60.0%	958,3 k €	+108%	460,7 k €	-15.8%	547,1 k €	+74.3%	313,8 k €	-17.0%	378,2 k €	+2.9%	367,7 k €	+9.7%	335,2 k €	-4.6%	351,3 k €	-1.9%	358,1 k €	-11.0%	402,5 k €	+482%	69,2 k €
Other
Workforce	5,5 ETP	-5.2%	5,8 ETP	+13.7%	5,1 ETP	+2.0%	5,0 ETP	+11.1%	4,5 ETP	+4.7%	4,3 ETP	+7.5%	4,0 ETP	+21.2%	3,3 ETP	+17.9%	2,8 ETP	+40.0%	2,0 ETP	-23.1%	2,6 ETP	-13.3%	3,0 ETP	+15.4%	2,6 ETP	-3.7%	2,7 ETP		–		–		–		–		–		–

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 · 2 active · 6 ended

Active mandates

SAMMY DRIESEN

Director · since 07 avril 2003

Active

SVEN GERAERTS

Director · since 07 avril 2003

Active

Ended mandates

Sammy Driesen

Director

Ended

Sammy Driesen

Manager

Ended

Sven Gaston N Geraerts

Director

Ended

Sven Gaston N Geraerts

Manager

Ended

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	27/08/2026	30/06/2025	06/08/2024	25/08/2023	29/08/2022	29/06/2021
General meeting	30/06/2026	16/06/2025	30/06/2024	19/06/2023	20/06/2022	21/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	06/08/2024	Dutch	PDF
Abridged model	31/12/2022	19/06/2023	25/08/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	16/06/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	21/09/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	25/06/2007	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 · 2 active · 6 ended

Active mandates

SAMMY DRIESEN

Director · since 07 avril 2003

Active

SVEN GERAERTS

Director · since 07 avril 2003

Active

Ended mandates

Sammy Driesen

Director

Ended

Sammy Driesen

Manager

Ended

Sven Gaston N Geraerts

Director

Ended

Sven Gaston N Geraerts

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/09/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office03/06/2004
MAATSCHAPPELIJKE ZETEL
PDF
Other07/04/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025161,3 k €↓
2024
Annual accounts 2024206,3 k €↑
2023
Annual accounts 2023173,4 k €↓
2022
Annual accounts 2022185,7 k €↑
2021
Annual accounts 202163,7 k €↓
2020
Annual accounts 202084,2 k €↓
2019
Annual accounts 2019104,8 k €↑
2018
Annual accounts 20188,9 k €↓
2017
Annual accounts 201734,2 k €↓
2016
Annual accounts 201689,2 k €↑
2015
Annual accounts 201560,7 k €↑
2014
Annual accounts 201430,5 k €↑
2013
Annual accounts 201329,4 k €↑
2012
Annual accounts 201211,7 k €↓
2011
Annual accounts 201128,5 k €↑
2010
Annual accounts 201028 k €↑
2009
Annual accounts 200911,9 k €↓
2008
Annual accounts 200841,2 k €↑
2007
Annual accounts 20072,7 k €↓
2006
Annual accounts 200647,6 k €
28/03/2003
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

FE2

Overview

What does FE2 do?

Trend over 20 financial years

Indicative valuation

Board of directors

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