ACTIVE

NEB PARTICIPATIONS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

14,2 M €

+16.7% YoY

Equity

67,9 M €

+0.3% YoY

What does NEB PARTICIPATIONS do?

NEB PARTICIPATIONS is a Public limited company incorporated in 2003. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.029.739

Incorporation

14/04/2003

Legal form

Public limited company

Registered office

Boulevard Piercot 46
4000 Liège · WallonieSee on map

Contributed capital

61 675 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities

Signals

ProfitableSolid equityLow riskPositive cashflow

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	–		–		–		–		36,1 k €	-74.9%	143,8 k €	+0.8%	142,7 k €	+2.3%	139,4 k €	+2.1%	136,5 k €	+2.0%	133,8 k €	+1.5%	131,8 k €	-0.4%	132,3 k €	+1.0%	131,1 k €	-10.4%	146,2 k €	+18.0%	123,9 k €	+3.1%	120,2 k €	+0.3%	119,8 k €	+2.6%	116,8 k €
EBITDA	-164,2 k €	-22.3%	-134,3 k €	+0.1%	-134,4 k €	-0.8%	-133,3 k €	+24.6%	-176,7 k €	-3631%	5 k €	-44.9%	9,1 k €	+20.8%	7,5 k €	+3284%	-236 €	+95.7%	-5,5 k €	-487%	1,4 k €	+178%	506,4 €	-98.2%	28,7 k €	+118%	-161,3 k €	+10.7%	-180,7 k €	-18.4%	-152,6 k €	+25.7%	-205,3 k €	-14.3%	-179,5 k €
Operating result	-258,7 k €	-92.6%	-134,3 k €	+0.1%	-134,4 k €	-0.8%	-133,3 k €	+24.6%	-176,7 k €	-3631%	5 k €	-44.9%	9,1 k €	+20.8%	7,5 k €	+3284%	-236 €	-102%	12,5 k €	+129%	-43,6 k €	-149%	-17,5 k €	-173%	23,9 k €	+114%	-165,4 k €	+8.5%	-180,8 k €	-18.5%	-152,6 k €	+25.7%	-205,3 k €	-14.3%	-179,5 k €
Net result	14,2 M €	+16.7%	12,2 M €	-5.2%	12,9 M €	+13.7%	11,3 M €	+3.6%	10,9 M €	+65.8%	6,6 M €	+15.6%	5,7 M €	+8.1%	5,3 M €	+13.7%	4,6 M €	+5.3%	4,4 M €	+3.7%	4,3 M €	+40.7%	3 M €	-9.6%	3,3 M €	-35.1%	5,2 M €	+64.7%	3,1 M €	-26.8%	4,3 M €	+17.0%	3,7 M €	+33.3%	2,7 M €
Balance sheet
Equity	67,9 M €	+0.3%	67,7 M €	+0.9%	67,1 M €	+1.1%	66,4 M €	+0.9%	65,8 M €	+0.8%	65,3 M €	+0.5%	65 M €	+0.3%	64,7 M €	+0.4%	64,5 M €	+0.4%	64,2 M €	+0.4%	64 M €	+0.3%	63,8 M €	+0.1%	63,7 M €	+0.4%	63,5 M €	+0.4%	63,2 M €	+0.2%	63,1 M €	+0.4%	62,8 M €	+0.3%	62,6 M €
Total assets	82,1 M €	+3.3%	79,5 M €	+0.1%	79,4 M €	+2.7%	77,3 M €	+1.4%	76,2 M €	+6.4%	71,6 M €	+1.5%	70,5 M €	+0.8%	70 M €	+1.1%	69,2 M €	+1.0%	68,6 M €	+0.6%	68,1 M €	+2.0%	66,8 M €	-0.2%	66,9 M €	-2.1%	68,4 M €	+2.8%	66,5 M €	-1.2%	67,3 M €	+1.0%	66,7 M €	+0.9%	66,1 M €
Cash	2,2 M €	-69.0%	7,2 M €	+6.9%	6,8 M €	-60.7%	17,2 M €	+12.1%	15,4 M €	-34.3%	23,4 M €	+39.0%	16,8 M €	+8.5%	15,5 M €	+4.7%	14,8 M €	+7.4%	13,8 M €	-15.9%	16,4 M €	+43.3%	11,4 M €	+14.8%	10 M €	-13.4%	11,5 M €	-4.4%	12 M €	-13.5%	13,9 M €	+9.9%	12,6 M €	+79.0%	7,1 M €
Debts	14 M €	+19.8%	11,7 M €	-4.4%	12,3 M €	+12.6%	10,9 M €	+4.8%	10,4 M €	+64.0%	6,3 M €	+13.3%	5,6 M €	+7.0%	5,2 M €	+9.9%	4,8 M €	+10.2%	4,3 M €	+3.8%	4,2 M €	+36.4%	3,1 M €	-6.0%	3,2 M €	-33.9%	4,9 M €	+48.7%	3,3 M €	-22.3%	4,3 M €	+9.5%	3,9 M €	+11.9%	3,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 131 ended

Active mandates

Nicolas DUMAZY

Director · since 28 avril 2025 · until 29 avril 2030

Active

Bertrand DEMONCEAU

Director · since 13 décembre 2023 · until 29 avril 2030

Active

Grégory DEMAL

Director · since 27 octobre 2022 · until 29 avril 2030

Active

Julie FERNANDEZ FERNANDEZ

Director · since 27 mars 2020 · until 29 avril 2030

Active

Bernard THIRY

Vice-chairman of the board of directors · since 10 décembre 2019 · until 29 avril 2030

Active

Philippe LALLEMAND

Chairman of the board of directors · since 10 décembre 2019 · until 29 avril 2030

Active

Laurent LEVAUX

Director · since 14 novembre 2019 · until 29 avril 2030

Active

Ended mandates

Bertrand DEMONCEAU

Director · since 13 décembre 2023 · until 29 avril 2024

Ended

Grégory DEMAL

Director · since 05 décembre 2022 · until 29 avril 2024

Ended

Grégory DEMAL

Director · since 27 octobre 2022 · until 29 avril 2024

Ended

Benoit-Laurent YERNA

Director · since 29 novembre 2021 · until 29 avril 2024

Ended

At this address

Other companies at this address

Company	CBE no.
CREDIS● Active	0433.077.977
ELICIO BASTOGNE● Active	0890.159.102
Elicio Vents d'Ardenne● Active	0794.329.832
ENODIA● Active	0204.245.277
Enodia pillar● Active	1011.191.148
NETHYS● Active	0465.607.720
NETHYS IMMO● Active	0404.332.622
"NETHYS UNITE TVA"● Active	0642.931.737

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	08/05/2026	29/04/2025	13/05/2024	28/04/2023	01/06/2022	28/05/2021
General meeting	27/04/2026	28/04/2025	29/04/2024	24/04/2023	25/04/2022	26/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/04/2026	08/05/2026	French	PDF
Full model	31/12/2024	28/04/2025	29/04/2025	French	PDF
Full model	31/12/2023	29/04/2024	13/05/2024	French	PDF
Full model	31/12/2022	24/04/2023	28/04/2023	French	PDF
Full model	31/12/2021	25/04/2022	01/06/2022	French	PDF
Full model	31/12/2020	26/04/2021	28/05/2021	French	PDF
Full model	31/12/2019	27/04/2020	17/06/2020	French	PDF
Full model	31/12/2018	29/04/2019	17/05/2019	French	PDF
Full model	31/12/2017	30/04/2018	11/05/2018	French	PDF
Full model	31/12/2016	24/04/2017	25/04/2017	French	PDF
Full model	31/12/2015	25/04/2016	27/04/2016	French	PDF
Full model	31/12/2014	27/04/2015	07/05/2015	French	PDF
Full model	31/12/2013	28/04/2014	21/05/2014	French	PDF
Full model	31/12/2012	25/06/2013	04/07/2013	French	PDF
Full model	31/12/2011	26/06/2012	20/07/2012	French	PDF
Full model	31/12/2010	28/06/2011	19/07/2011	French	PDF
Full model	31/12/2009	22/06/2010	09/07/2010	French	PDF
Full model	31/12/2008	16/06/2009	18/06/2009	French	PDF
Full model	31/12/2007	27/06/2008	28/07/2008	French	PDF
Full model	31/12/2006	29/06/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 7 active · 131 ended

Active mandates

Nicolas DUMAZY

Director · since 28 avril 2025 · until 29 avril 2030

Active

Bertrand DEMONCEAU

Director · since 13 décembre 2023 · until 29 avril 2030

Active

Grégory DEMAL

Director · since 27 octobre 2022 · until 29 avril 2030

Active

Julie FERNANDEZ FERNANDEZ

Director · since 27 mars 2020 · until 29 avril 2030

Active

Bernard THIRY

Vice-chairman of the board of directors · since 10 décembre 2019 · until 29 avril 2030

Active

Philippe LALLEMAND

Chairman of the board of directors · since 10 décembre 2019 · until 29 avril 2030

Active

Laurent LEVAUX

Director · since 14 novembre 2019 · until 29 avril 2030

Active

Ended mandates

Bertrand DEMONCEAU

Director · since 13 décembre 2023 · until 29 avril 2024

Ended

Grégory DEMAL

Director · since 05 décembre 2022 · until 29 avril 2024

Ended

Grégory DEMAL

Director · since 27 octobre 2022 · until 29 avril 2024

Ended

Benoit-Laurent YERNA

Director · since 29 novembre 2021 · until 29 avril 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/06/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares26/02/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates09/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates06/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2023
DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2023
DEMISSIONS, NOMINATIONS
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

24/02/2026
augmentation_capital
24/02/2026
apport
24/02/2026
apport
2025
Annual accounts 202514,2 M €↑
13/11/2025
nominationPhilippe Lallemand — Président du Conseil d'administration
13/11/2025
nominationBernard Thiry — Vice-président du Conseil d'administration
28/04/2025
nominationNicolas Dumazy — Administrateur
2024
Annual accounts 202412,2 M €↓
19/07/2024
reconductionRSM InterAudit SRL — Commissaire
29/04/2024
reconductionBernard Thiry — Président
29/04/2024
reconductionPhilippe Lallemand — Vice-Président
29/04/2024
reconductionBernard Thiry — Administrateur
29/04/2024
reconductionPhilippe Lallemand — Administrateur
29/04/2024
reconductionJulie Fernandez Fernandez — Administrateur
29/04/2024
reconductionLaurent Levaux — Administrateur
29/04/2024
reconductionBertrand Demonceau — Administrateur
29/04/2024
reconductionGregory Demal — Administrateur
29/04/2024
reconductionBenoit-Laurent Yerna — Administrateur
2023
Annual accounts 202312,9 M €↑
2022
Annual accounts 202211,3 M €↑
27/10/2022
nominationGrégory Demal — administrateur
2021
Annual accounts 202110,9 M €↑
2020
Annual accounts 20206,6 M €↑
2019
Annual accounts 20195,7 M €↑
2018
Annual accounts 20185,3 M €↑
2017
Annual accounts 20174,6 M €↑
2016
Annual accounts 20164,4 M €↑
2015
Annual accounts 20154,3 M €↑
2014
Annual accounts 20143 M €↓
2013
Annual accounts 20133,3 M €↓
2012
Annual accounts 20125,2 M €↑
2011
Annual accounts 20113,1 M €↓
2010
Annual accounts 20104,3 M €↑
2009
Annual accounts 20093,7 M €↑
2008
Annual accounts 20082,7 M €
14/04/2003
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

NEB PARTICIPATIONS

Overview

What does NEB PARTICIPATIONS do?

Trend over 18 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