ACTIVE

FIBEL

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Financial year 2025 · closed on 31/12/2025

Net result

139,5 k €

+47.5% YoY

Gross margin

238,5 k €

+40.8% YoY

Equity

348,7 k €

-37.6% YoY

What does FIBEL do?

FIBEL is a Public limited company incorporated in 2003. Its main activity is: Buying and selling of own real estate. Its registered office is in Ravels.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.147.723

Incorporation

30/04/2003

Legal form

Public limited company

Registered office

Eykantpad 17
2381 Ravels · FlandreSee on map

Contributed capital

63 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70120Activities of head offices 70322Activities of head offices; management consultancy activities 81100Combined facilities support activities 81100Combined facilities support activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	238,5 k €	+40.8%	169,4 k €	+88.4%	89,9 k €	+2.6%	87,6 k €	-42.0%	151 k €	+45.1%	104 k €	-20.4%	130,7 k €	-68.9%	420,2 k €	+666%	54,9 k €	-36.1%	85,9 k €	-29.1%	121,1 k €	+270%	32,7 k €	-69.0%	105,6 k €	-9.8%	117,1 k €	-13.9%	136 k €	-20.8%	171,7 k €	+12.9%	152 k €	-22.3%	195,7 k €	+104%	96,1 k €	-2.8%	98,9 k €
EBITDA	213,9 k €	+46.6%	145,9 k €	+121%	65,9 k €	+1.3%	65 k €	-49.5%	128,9 k €	+57.8%	81,7 k €	-26.1%	110,6 k €	-72.0%	394,7 k €	+1013%	35,5 k €	-46.1%	65,8 k €	-35.6%	102,2 k €	+119%	46,7 k €	-46.4%	87 k €	-11.7%	98,6 k €	-16.5%	118 k €	-23.3%	153,8 k €	+21.4%	126,7 k €	+3.1%	122,9 k €	+60.8%	76,4 k €	-8.2%	83,2 k €
Operating result	185,1 k €	+57.9%	117,2 k €	+201%	38,9 k €	-25.9%	52,5 k €	-48.9%	102,8 k €	+89.1%	54,4 k €	-40.3%	91 k €	-75.7%	374,9 k €	+1205%	28,7 k €	-49.2%	56,5 k €	+10.8%	51 k €	+28.5%	39,7 k €	-50.5%	80,2 k €	-17.2%	96,9 k €	-16.8%	116,5 k €	-16.4%	139,4 k €	+29.2%	107,9 k €	+24.8%	86,5 k €	+116%	40 k €	-14.6%	46,9 k €
Net result	139,5 k €	+47.5%	94,6 k €	+308%	23,2 k €	-29.4%	32,9 k €	-52.9%	69,8 k €	+130%	30,4 k €	-32.8%	45,2 k €	-82.8%	261,9 k €	+1531%	16,1 k €	-56.6%	37 k €	+26.6%	29,2 k €	+33.2%	21,9 k €	-55.9%	49,7 k €	-29.3%	70,3 k €	-16.4%	84 k €	-5.3%	88,8 k €	+20.1%	73,9 k €	+67.1%	44,2 k €	+236%	13,2 k €	+247%	-9 k €
Balance sheet
Equity	348,7 k €	-37.6%	559,1 k €	-27.8%	774,3 k €	+3.1%	751,1 k €	+4.6%	718,2 k €	+13.1%	635 k €	+5.0%	604,7 k €	+8.1%	559,5 k €	+24.2%	450,6 k €	+3.7%	434,5 k €	+9.3%	397,6 k €	+7.9%	368,4 k €	+90.4%	193,5 k €	-38.3%	313,7 k €	+28.9%	243,5 k €	+52.7%	159,5 k €	+126%	70,7 k €	-70.4%	238,8 k €	+22.7%	194,6 k €	+7.3%	181,4 k €
Total assets	394,4 k €	-42.5%	685,9 k €	-21.9%	878,3 k €	+5.3%	834 k €	-2.0%	850,8 k €	+1.2%	840,7 k €	+2.1%	823,3 k €	+9.8%	749,9 k €	+45.3%	516 k €	-11.5%	582,8 k €	+13.1%	515,2 k €	+12.3%	459 k €	-2.3%	469,6 k €	+13.0%	415,4 k €	+19.2%	348,5 k €	+61.6%	215,6 k €	-43.9%	384,6 k €	-70.8%	1,3 M €	-0.5%	1,3 M €	-1.0%	1,3 M €
Cash	87,8 k €	-66.9%	265,7 k €	-52.8%	562,5 k €	+14.1%	493,1 k €	-1.8%	502,3 k €	+8.5%	463 k €	-6.1%	493,3 k €	+21.1%	407,2 k €	+1.9%	399,6 k €	-14.1%	465,4 k €	+19.6%	389,2 k €	+13.9%	341,8 k €	-1.3%	346,2 k €	+7.8%	321,2 k €	+22.9%	261,4 k €	+122%	117,8 k €	+75.5%	67,1 k €	+8.6%	61,8 k €	+133%	26,6 k €	+472%	4,6 k €
Debts	21,3 €	-100.0%	74 k €	+65.6%	44,7 k €	+52.2%	29,4 k €	-38.1%	47,4 k €	-56.9%	110,1 k €	-4.8%	115,6 k €	+40.4%	82,3 k €	+78.8%	46,1 k €	-61.5%	119,7 k €	+22.4%	97,8 k €	+38.8%	70,5 k €	-68.4%	222,9 k €	+363%	48,2 k €	+4.7%	46 k €	+578%	6,8 k €	-97.4%	264,5 k €	-74.3%	1 M €	-8.9%	1,1 M €	-2.3%	1,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

Gert Bax

Director

Active

Ended mandates

Gert BAX

Director · since 02 juillet 2024

Ended

Boumans Nicolaas

Managing director · since 02 mai 2014 · until 01 mai 2020

Ended

Nico Boumans

Managing director · since 02 mai 2014 · until 01 mai 2020

Ended

Nicolaas Boumans

Managing director · since 02 mai 2014

Ended

At this address

Other companies at this address

Company	CBE no.
Bax Gert● Active	0534.419.421

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	30/07/2026	28/08/2025	20/06/2024	29/06/2023	31/08/2022	31/08/2021
General meeting	01/07/2026	27/08/2025	03/05/2024	05/05/2023	06/05/2022	07/05/2021
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
Micro model	31/12/2025	01/07/2026	30/07/2026	Dutch	PDF
Micro model	31/12/2024	27/08/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	03/05/2024	20/06/2024	Dutch	PDF
Micro model	31/12/2022	05/05/2023	29/06/2023	Dutch	PDF
Micro model	31/12/2021	06/05/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	07/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	04/05/2020	10/08/2020	Dutch	PDF
Micro model	31/12/2018	03/05/2019	11/09/2019	Dutch	PDF
Micro model	31/12/2017	04/05/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	05/05/2017	22/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/05/2015	04/09/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/05/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/05/2011	07/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	04/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/05/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 23 ended

Active mandates

Gert Bax

Director

Active

Ended mandates

Gert BAX

Director · since 02 juillet 2024

Ended

Boumans Nicolaas

Managing director · since 02 mai 2014 · until 01 mai 2020

Ended

Nico Boumans

Managing director · since 02 mai 2014 · until 01 mai 2020

Ended

Nicolaas Boumans

Managing director · since 02 mai 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office01/10/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/09/2024
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/06/2018
KAPITAAL - AANDELEN
PDF
Mandates27/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other01/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/10/2009
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 2025139,5 k €↑
2024
Annual accounts 202494,6 k €↑
2023
Annual accounts 202323,2 k €↓
2022
Annual accounts 202232,9 k €↓
2021
Annual accounts 202169,8 k €↑
2020
Annual accounts 202030,4 k €↓
2019
Annual accounts 201945,2 k €↓
2018
Annual accounts 2018261,9 k €↑
2017
Annual accounts 201716,1 k €↓
2016
Annual accounts 201637 k €↑
2015
Annual accounts 201529,2 k €↑
2014
Annual accounts 201421,9 k €↓
2013
Annual accounts 201349,7 k €↓
2012
Annual accounts 201270,3 k €↓
2011
Annual accounts 201184 k €↓
2010
Annual accounts 201088,8 k €↑
2009
Annual accounts 200973,9 k €↑
2008
Annual accounts 200844,2 k €↑
2007
Annual accounts 200713,2 k €↑
2006
Annual accounts 2006-9 k €
30/04/2003
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

FIBEL

Overview

What does FIBEL 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