ACTIVE

FV EXCELLENCE

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Financial year 2025 · closed on 31/12/2025

Net result

102,6 k €

-13.8% YoY

Gross margin

346,4 k €

+81.4% YoY

Equity

1,2 M €

+9.4% YoY

What does FV EXCELLENCE do?

FV EXCELLENCE is a Private limited company incorporated in 2003. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Court-Saint-Etienne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.473.959

Incorporation

03/06/2003

Legal form

Private limited company

Registered office

Rue de la Papeterie 33
1490 Court-Saint-Etienne · WallonieSee on map

Contributed capital

473 334,00 €

Latest accounts

31/12/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ 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
Gross margin	346,4 k €	+81.4%	191 k €	+19.2%	160,2 k €	+53.0%	104,7 k €	-15.6%	124 k €	-2.3%	126,9 k €	-17.7%	154,1 k €	+30.2%	118,4 k €	-4.4%	123,8 k €	+32.7%	93,3 k €	+190%	32,1 k €	-62.7%	86,2 k €	+1.4%	85 k €	-62.4%	225,8 k €	+126%	99,8 k €	-15.7%	118,3 k €	+101%	58,8 k €	+85.7%	31,6 k €
EBITDA	336,8 k €	+86.2%	180,8 k €	+21.1%	149,3 k €	+52.2%	98,1 k €	-17.1%	118,4 k €	-2.5%	121,5 k €	-18.2%	148,5 k €	+36.9%	108,4 k €	-8.5%	118,5 k €	+36.7%	86,7 k €	+218%	27,3 k €	-78.0%	124,2 k €	+489%	21,1 k €	-86.7%	159 k €	+138%	66,7 k €	+4.1%	64,1 k €	+59.6%	40,2 k €	+33.8%	30 k €
Operating result	220,9 k €	+100%	110,3 k €	+27.1%	86,8 k €	+144%	35,6 k €	-40.1%	59,4 k €	-7.7%	64,3 k €	-26.8%	87,9 k €	+72.5%	51 k €	-33.8%	76,9 k €	+60.5%	47,9 k €	+482%	-12,6 k €	-113%	95,5 k €	+1314%	-7,9 k €	-106%	123,5 k €	+251%	35,2 k €	+24.2%	28,3 k €	+4.2%	27,2 k €	+56.9%	17,3 k €
Net result	102,6 k €	-13.8%	119 k €	+9.6%	108,5 k €	+41.1%	76,9 k €	+77.9%	43,2 k €	-29.0%	60,9 k €	+6404%	936 €	-98.4%	58,1 k €	+19.1%	48,8 k €	+240%	14,4 k €	+555%	-3,2 k €	-110%	32,3 k €	+212%	-28,7 k €	-131%	92,8 k €	+392%	18,9 k €	+108%	9,1 k €	-33.0%	13,6 k €	+6501%	205,4 €
Balance sheet
Equity	1,2 M €	+9.4%	1,1 M €	+6.8%	1 M €	+11.9%	912,2 k €	+9.2%	835,3 k €	+5.5%	792,1 k €	+8.3%	731,2 k €	+0.1%	730,3 k €	+8.6%	672,2 k €	+7.8%	623,4 k €	+304%	154,5 k €	-2.0%	157,6 k €	+25.7%	125,4 k €	-18.6%	154,1 k €	+151%	61,3 k €	+44.5%	42,4 k €	+27.2%	33,3 k €	+68.5%	19,8 k €
Total assets	2,1 M €	-0.1%	2,1 M €	+2.4%	2 M €	+9.5%	1,9 M €	+1.4%	1,8 M €	-0.4%	1,8 M €	+1.2%	1,8 M €	-2.5%	1,9 M €	+15.1%	1,6 M €	+4.5%	1,6 M €	+36.2%	1,1 M €	+66.5%	685,6 k €	-6.8%	735,7 k €	+17.8%	624,3 k €	+0.7%	620,2 k €	+9.2%	568,1 k €	+204%	187 k €	-5.6%	198,1 k €
Cash	68,3 k €	-43.7%	121,2 k €	+80.1%	67,3 k €	-13.3%	77,7 k €	-15.0%	91,3 k €	+67.6%	54,5 k €	+51.2%	36 k €	-29.8%	51,4 k €	+4.0%	49,4 k €	+20.9%	40,8 k €	-61.6%	106,4 k €	+226%	32,6 k €	-46.7%	61,3 k €	-32.7%	91 k €	+399%	18,2 k €	-55.5%	41 k €	+81.0%	22,7 k €	+14.4%	19,8 k €
Debts	846,8 k €	-14.7%	992,8 k €	-1.9%	1 M €	+7.2%	943,3 k €	-5.2%	994,9 k €	-4.8%	1 M €	-3.6%	1,1 M €	-4.2%	1,1 M €	+19.9%	943,9 k €	+2.4%	921,7 k €	-5.7%	977 k €	+91.4%	510,4 k €	-7.2%	550,3 k €	+22.2%	450,1 k €	-18.5%	552,1 k €	+6.4%	518,9 k €	+253%	146,9 k €	-14.4%	171,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–

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 · 2 active · 2 ended

Active mandates

Allaigre Véronique

Director

Active

Franck Appart

Director

Active

Ended mandates

FRANCK APPART

Mandate

Ended

FRANCK APPART

Manager

Ended

At this address

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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	14/08/2026	10/07/2025	19/08/2024	02/08/2023	02/08/2022	22/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	14/08/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	10/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	19/08/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	02/08/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	02/08/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	22/07/2021	French	PDF
Micro model	31/12/2019	19/06/2020	28/07/2020	French	PDF
Micro model	31/12/2018	21/06/2019	31/07/2019	French	PDF
Micro model	31/12/2017	15/06/2018	10/08/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	17/08/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	10/08/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	14/08/2013	French	PDF
Abridged model	30/06/2011	16/12/2011	14/02/2012	French	PDF
Abridged model	30/06/2010	17/12/2010	16/02/2011	French	PDF
Abridged model	30/06/2009	18/12/2009	26/02/2010	French	PDF
Abridged model	30/06/2008	19/12/2008	03/02/2009	French	PDF
Abridged model	30/06/2006	15/12/2006	02/02/2007	French	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 · 2 active · 2 ended

Active mandates

Allaigre Véronique

Director

Active

Franck Appart

Director

Active

Ended mandates

FRANCK APPART

Mandate

Ended

FRANCK APPART

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/12/2023
MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates18/01/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2012
DENOMINATION - ASSEMBLEE GENERALE - ANNEE COMPTABLE - DIVERS
PDF
Registered office10/03/2011
SIEGE SOCIAL
PDF
Other18/08/2010
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/04/2008
DEMISSIONS, NOMINATIONS
PDF
Registered office25/07/2006
SIEGE SOCIAL
PDF
Mandates07/03/2006
DENOMINATION - OBJET - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
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 2025102,6 k €↓
2024
Annual accounts 2024119 k €↑
2023
Annual accounts 2023108,5 k €↑
2023
Name changeFV EXCELLENCE
2022
Annual accounts 202276,9 k €↑
2021
Annual accounts 202143,2 k €↓
2020
Annual accounts 202060,9 k €↑
2019
Annual accounts 2019936 €↓
2018
Annual accounts 201858,1 k €↑
2017
Annual accounts 201748,8 k €↑
2016
Annual accounts 201614,4 k €↑
2015
Annual accounts 2015-3,2 k €↓
2014
Annual accounts 201432,3 k €↑
2013
Annual accounts 2013-28,7 k €↓
2012
Annual accounts 201292,8 k €↑
2012
Name changeFV COMPTA
2011
Annual accounts 201118,9 k €↑
2010
Annual accounts 20109,1 k €↓
2009
Annual accounts 200913,6 k €↑
2008
Annual accounts 2008205,4 €
2008
Name changeFISCO PLAN
03/06/2003
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

FV EXCELLENCE

Overview

What does FV EXCELLENCE 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