ACTIVE

NEB PARTICIPATIONS

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Financial year 2025 · Closed on 31/12/2025

Net result14,2 M €+16,7 %over 1 year
Equity67,9 M €+0,3 %over 1 year

Identity

Source · BCE/KBO

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
Signals
ProfitableSolid equityLow riskPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue––––36,1 k €
EBITDA-164,2 k €-134,3 k €-134,4 k €-133,3 k €-176,7 k €
Operating result-258,7 k €-134,3 k €-134,4 k €-133,3 k €-176,7 k €
Net result14,2 M €12,2 M €12,9 M €11,3 M €10,9 M €
Balance sheet
Equity67,9 M €67,7 M €67,1 M €66,4 M €65,8 M €
Total assets82,1 M €79,5 M €79,4 M €77,3 M €76,2 M €
Cash2,2 M €7,2 M €6,8 M €17,2 M €15,4 M €
Debts14 M €11,7 M €12,3 M €10,9 M €10,4 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 31 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Nicolas DUMAZY
Director28/04/2025 → 29/04/2030
Bertrand DEMONCEAU
Director13/12/2023 → 29/04/2030
Grégory DEMAL
Director27/10/2022 → 29/04/2030
Bernard THIRY
Vice-chairman of the board of directors10/12/2019 → 29/04/2030Chairman of the board of directors10/12/2019 → 2023 accountsendedDirector14/11/2019 → 2020 accountsended
Philippe LALLEMAND
Chairman of the board of directors10/12/2019 → 29/04/2030Vice-chairman of the board of directors10/12/2019 → 2023 accountsendedDirector10/12/2019 → 2020 accountsended
Julie FERNANDEZ FERNANDEZ
Director27/03/2020 → 29/04/2030
Laurent LEVAUX
Director14/11/2019 → 29/04/2030

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Benoit-Laurent YERNA
Director29/11/2021 → 2023 accounts
Florence VANDERTHOMMEN
Director24/11/2021 → 2022 accounts
Julien COMPERE
Vice-chairman of the board of directorslisted until the 2020 accounts

Other companies at this address

Boulevard Piercot 46 4000 Liège
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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

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/05/202629/04/202513/05/202428/04/202301/06/202228/05/2021
General meeting27/04/202628/04/202529/04/202424/04/202325/04/202226/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/04/202608/05/2026FrenchPDF
Full model31/12/202428/04/202529/04/2025FrenchPDF
Full model31/12/202329/04/202413/05/2024FrenchPDF
Full model31/12/202224/04/202328/04/2023FrenchPDF
Full model31/12/202125/04/202201/06/2022FrenchPDF
Full model31/12/202026/04/202128/05/2021FrenchPDF
Full model31/12/201927/04/202017/06/2020FrenchPDF
Full model31/12/201829/04/201917/05/2019FrenchPDF
Full model31/12/201730/04/201811/05/2018FrenchPDF
Full model31/12/201624/04/201725/04/2017FrenchPDF
Full model31/12/201525/04/201627/04/2016FrenchPDF
Full model31/12/201427/04/201507/05/2015FrenchPDF
Full model31/12/201328/04/201421/05/2014FrenchPDF
Full model31/12/201225/06/201304/07/2013FrenchPDF
Full model31/12/201126/06/201220/07/2012FrenchPDF
Full model31/12/201028/06/201119/07/2011FrenchPDF
Full model31/12/200922/06/201009/07/2010FrenchPDF
Full model31/12/200816/06/200918/06/2009FrenchPDF
Full model31/12/200727/06/200828/07/2008FrenchPDF
Full model31/12/200629/06/200730/07/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 31 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Nicolas DUMAZY
Director28/04/2025 → 29/04/2030
Bertrand DEMONCEAU
Director13/12/2023 → 29/04/2030
Grégory DEMAL
Director27/10/2022 → 29/04/2030
Bernard THIRY
Vice-chairman of the board of directors10/12/2019 → 29/04/2030Chairman of the board of directors10/12/2019 → 2023 accountsendedDirector14/11/2019 → 2020 accountsended
Philippe LALLEMAND
Chairman of the board of directors10/12/2019 → 29/04/2030Vice-chairman of the board of directors10/12/2019 → 2023 accountsendedDirector10/12/2019 → 2020 accountsended
Julie FERNANDEZ FERNANDEZ
Director27/03/2020 → 29/04/2030
Laurent LEVAUX
Director14/11/2019 → 29/04/2030

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Benoit-Laurent YERNA
Director29/11/2021 → 2023 accounts
Florence VANDERTHOMMEN
Director24/11/2021 → 2022 accounts
Julien COMPERE
Vice-chairman of the board of directorslisted until the 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

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
Nicolas DUMAZY
Bertrand DEMONCEAU
Grégory DEMAL
Julie FERNANDEZ FERNANDEZ
Philippe LALLEMAND
Bernard THIRY
Laurent LEVAUX
Benoit-Laurent YERNA
Florence VANDERTHOMMEN
Julien COMPERE
Renaud WITMEUR
Carine HOUGARDY
2003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030
NEB PARTICIPATIONS
Boulevard Piercot 46, 4000 LiègeRue Louvrex 95, 4000 Liège
Director
Director
Director
Director
Chairman of the board of directorsVice-chairman of the board of directors
Vice-chairman of the board of directorsChairman of the board of directors
Director
Director
Chairman of the board of directors
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Boulevard Piercot 46, 4000 LiègeCurrent
accounts 2024 → 2025
Accounts 2025 · 2026-00108183
Rue Louvrex 95, 4000 Liège
accounts 2021 → 2023
Accounts 2023 · 2024-00087184

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
NEB PARTICIPATIONSCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00108183

Events

  1. 24/02/2026
    augmentation_capital
  2. 24/02/2026
    apport
  3. 24/02/2026
    apport
  4. 2025
    Annual accounts 202514,2 M €↑
  5. 13/11/2025
    nominationPhilippe Lallemand · Président du Conseil d'administration
  6. 13/11/2025
    nominationBernard Thiry · Vice-président du Conseil d'administration
  7. 28/04/2025
    nominationNicolas Dumazy · Administrateur
  8. 2024
    Annual accounts 202412,2 M €↓
  9. 19/07/2024
    reconductionRSM InterAudit SRL · Commissaire
  10. 29/04/2024
    reconductionBernard Thiry · Président
  11. 29/04/2024
    reconductionPhilippe Lallemand · Vice-Président
  12. 29/04/2024
    reconductionBernard Thiry · Administrateur
  13. 29/04/2024
    reconductionPhilippe Lallemand · Administrateur
  14. 29/04/2024
    reconductionJulie Fernandez Fernandez · Administrateur
  15. 29/04/2024
    reconductionLaurent Levaux · Administrateur
  16. 29/04/2024
    reconductionBertrand Demonceau · Administrateur
  17. 29/04/2024
    reconductionGregory Demal · Administrateur
  18. 29/04/2024
    reconductionBenoit-Laurent Yerna · Administrateur
  19. 2023
    Annual accounts 202312,9 M €↑
  20. 2022
    Annual accounts 202211,3 M €↑
  21. 27/10/2022
    nominationGrégory Demal · administrateur
  22. 2021
    Annual accounts 202110,9 M €↑
  23. 2020
    Annual accounts 20206,6 M €↑
  24. 2019
    Annual accounts 20195,7 M €↑
  25. 2018
    Annual accounts 20185,3 M €↑
  26. 2017
    Annual accounts 20174,6 M €↑
  27. 2016
    Annual accounts 20164,4 M €↑
  28. 2015
    Annual accounts 20154,3 M €↑
  29. 2014
    Annual accounts 20143 M €↓
  30. 2013
    Annual accounts 20133,3 M €↓
  31. 2012
    Annual accounts 20125,2 M €↑
  32. 2011
    Annual accounts 20113,1 M €↓
  33. 2010
    Annual accounts 20104,3 M €↑
  34. 2009
    Annual accounts 20093,7 M €↑
  35. 2008
    Annual accounts 20082,7 M €
  36. 14/04/2003
    IncorporationPublic limited company