ACTIVE

FISA OPERATIONS

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Financial year 2025 · closed on 31/12/2025
Net result
-1,8 M €
-31.0% YoY
Revenue
5,1 M €
-18.9% YoY
Equity
3,1 M €
-35.9% YoY

What does FISA OPERATIONS do?

FISA OPERATIONS is a Public limited company incorporated in 2014. Its main activity is: Organisation of conventions and trade shows. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0545.799.697
Incorporation
05/02/2014
Legal form
Public limited company
Registered office
Square de l' Atomium 1 box 505
1020 Bruxelles · BruxellesSee on map
Contributed capital
340 163,00 €
Latest accounts
31/12/2025
Activities (NACE)
82300Organisation of conventions and trade shows· main82300Organisation of conventions and trade shows63120Web portals63910News agency activities
Signals
Good liquidityHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020182017201620152014
Income statement
Revenue5,1 M €6,3 M €5,5 M €6,2 M €1,9 M €11,8 M €18 M €18,5 M €16,5 M €14,5 M €13,6 M €
EBITDA-1,7 M €-1,6 M €-1 M €-316 k €-2,7 M €509,2 k €3,9 M €4,3 M €4 M €4,4 M €3,3 M €
Operating result-2 M €-1,6 M €-1,1 M €-419,8 k €-2,7 M €-860,8 k €2,5 M €2,7 M €1,8 M €4,4 M €3,2 M €
Net result-1,8 M €-1,3 M €-702,6 k €-429,7 k €-2,7 M €-639,9 k €1,8 M €1,8 M €2,1 M €-1,1 M €2,6 M €
Balance sheet
Equity3,1 M €4,9 M €6,2 M €7 M €7,4 M €10 M €9,1 M €7,4 M €5,6 M €3,5 M €4,6 M €
Total assets20,9 M €15,5 M €14,6 M €12,9 M €16,6 M €19 M €26,6 M €22,3 M €20,6 M €20,1 M €20,8 M €
Cash1,7 M €763,7 k €1,3 M €1,6 M €736,3 k €328,8 k €18,3 M €7,4 M €8 M €9,7 M €1,2 M €
Debts12,1 M €10,6 M €8,3 M €5,9 M €9,3 M €8,6 M €17,4 M €14,9 M €15 M €16,6 M €16,3 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

JOAN CONDIJTS

Managing director · since 15 janvier 2024 · until 05 novembre 2026

Active
Cécile Droz-Lhomme

Director · since 09 mai 2023 · until 11 mai 2026

Active
PHILIPPE LHOMME

Director · since 09 mai 2023 · until 11 mai 2026

Active

Ended mandates

Joan CONDIJTS

Managing director · since 15 janvier 2024 · until 11 mai 2026

Ended
Joan Condijts

Managing director · since 09 mai 2023 · until 11 mai 2026

Ended
Joan CONDIJTS

Director · since 09 mai 2023 · until 11 mai 2026

Ended
ANTHROPOS

Chairman of the board of directors · since 28 mai 2020 · until 24 mai 2023

Represented by Philippe Lhomme

Ended
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Annual accounts

Full financial information

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 date10/08/202626/09/202524/02/202529/09/202327/06/202213/07/2021
General meeting22/06/202623/09/202510/05/202409/05/202310/05/202211/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202522/06/202610/08/2026FrenchPDF
Full model31/12/202423/09/202526/09/2025FrenchPDF
Full modelCorrection31/12/202310/05/202424/02/2025FrenchPDF
Full model31/12/202310/05/202402/12/2024FrenchPDF
Full model31/12/202209/05/202329/09/2023FrenchPDF
Full model31/12/202110/05/202227/06/2022FrenchPDF
Full modelCorrection31/12/202011/05/202113/07/2021FrenchPDF
Full model31/12/202011/05/202106/07/2021FrenchPDF
Full model31/12/201912/05/202013/07/2020FrenchPDF
Full model31/12/201814/05/201924/07/2019FrenchPDF
Full model31/12/201708/05/201803/07/2018FrenchPDF
Full model31/12/201609/05/201731/07/2017FrenchPDF
Full model31/12/201510/05/201608/06/2016FrenchPDF
Full modelCorrection31/12/201412/05/201503/09/2015FrenchPDF
Full model31/12/201412/05/201501/07/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 3 active · 20 ended

Active mandates

JOAN CONDIJTS

Managing director · since 15 janvier 2024 · until 05 novembre 2026

Active
Cécile Droz-Lhomme

Director · since 09 mai 2023 · until 11 mai 2026

Active
PHILIPPE LHOMME

Director · since 09 mai 2023 · until 11 mai 2026

Active

Ended mandates

Joan CONDIJTS

Managing director · since 15 janvier 2024 · until 11 mai 2026

Ended
Joan Condijts

Managing director · since 09 mai 2023 · until 11 mai 2026

Ended
Joan CONDIJTS

Director · since 09 mai 2023 · until 11 mai 2026

Ended
ANTHROPOS

Chairman of the board of directors · since 28 mai 2020 · until 24 mai 2023

Represented by Philippe Lhomme

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/09/2026
    Erratum - Démission et nomination de mandats d'administrateurs
    PDF
  • Mandates01/09/2026
    Démission et nomination de mandats d'administrateurs
    PDF
  • Mandates16/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/02/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/07/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring28/01/2019
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - CAPITAL, ACTIONS
    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

Timeline

  1. 2025
    Annual accounts 2025-1,8 M €↓
  2. 2024
    Annual accounts 2024-1,3 M €↓
  3. 2023
    Annual accounts 2023-702,6 k €↓
  4. 2022
    Annual accounts 2022-429,7 k €↑
  5. 2021
    Annual accounts 2021-2,7 M €↓
  6. 2020
    Annual accounts 2020-639,9 k €↓
  7. 2018
    Annual accounts 20181,8 M €↓
  8. 2017
    Annual accounts 20171,8 M €↓
  9. 2016
    Annual accounts 20162,1 M €↑
  10. 2015
    Annual accounts 2015-1,1 M €↓
  11. 2014
    Annual accounts 20142,6 M €
  12. 05/02/2014
    IncorporationPublic limited company