ACTIVE

Fedrus International

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Financial year 2025 · closed on 31/12/2025

Net result

-3,3 M €

+13.2% YoY

Revenue

11 M €

-27.8% YoY

Equity

118,3 M €

-9.4% YoY

Workforce

10,7 ETP

-52.0% YoY

What does Fedrus International do?

Fedrus International is a Public limited company incorporated in 2015. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 10,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0630.779.617

Incorporation

21/05/2015

Legal form

Public limited company

Registered office

Geraard de Duivelstraat 1
9000 Gent · FlandreSee on map

Contributed capital

61 000 000,00 €

Latest accounts

31/12/2025

Average workforce

10,7 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices

Joint committees (2)

Signals

Solid equityPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Revenue	11 M €	-27.8%	15,2 M €	-3.2%	15,7 M €	-32.7%	23,4 M €	+15.1%	20,3 M €	+12.7%	18 M €	+65.0%	10,9 M €	+92.1%	5,7 M €	+162%	2,2 M €	-27.2%	3 M €
EBITDA	1,5 M €	-39.4%	2,4 M €	+44.2%	1,7 M €	-68.6%	5,3 M €	+85.2%	2,9 M €	-12.7%	3,3 M €	+47.3%	2,2 M €	+674%	287,7 k €	-88.5%	2,5 M €	+5656%	-45,1 k €
Operating result	367,9 k €	-69.1%	1,2 M €	+217%	375,2 k €	-78.2%	1,7 M €	+1166%	-161,7 k €	-116%	1 M €	-32.0%	1,5 M €	+42031%	3,5 k €	-99.9%	2,5 M €	+5446%	-46,9 k €
Net result	-3,3 M €	+13.2%	-3,8 M €	-113%	28,3 M €	+4541%	-637,2 k €	-100%	127,5 M €	+79834%	159,5 k €	-75.7%	656,1 k €	+196%	-680,3 k €	-142%	1,6 M €	+209%	-1,5 M €
Balance sheet
Equity	118,3 M €	-9.4%	130,6 M €	-6.3%	139,4 M €	+21.8%	114,5 M €	-11.5%	129,4 M €	+111%	61,3 M €	+0.3%	61,1 M €	+1.1%	60,4 M €	-1.1%	61,1 M €	+2.7%	59,5 M €
Total assets	270 M €	+0.6%	268,4 M €	-1.1%	271,4 M €	+19.1%	228 M €	+5.9%	215,2 M €	+62.0%	132,8 M €	+16.5%	114,1 M €	+18.2%	96,5 M €	+3.8%	93 M €	+30.6%	71,2 M €
Cash	18,8 M €	-26.4%	25,6 M €	+21.0%	21,1 M €	+8515%	245,3 k €	-95.3%	5,2 M €	+416%	1 M €	-32.9%	1,5 M €	+2921%	49,8 k €	-64.6%	140,5 k €	-9.6%	155,4 k €
Debts	150,4 M €	+10.3%	136,3 M €	+4.3%	130,8 M €	+16.4%	112,3 M €	+31.6%	85,3 M €	+19.9%	71,2 M €	+38.9%	51,2 M €	+47.3%	34,8 M €	+11.8%	31,1 M €	+166%	11,7 M €
Other
Workforce	10,7 ETP	-52.0%	22,3 ETP	-18.9%	27,5 ETP	-27.2%	37,8 ETP	+21.2%	31,2 ETP	+23.3%	25,3 ETP	+302%	6,3 ETP	+96.9%	3,2 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 28 ended

Active mandates

Amber Vandecruys

Director · since 09 décembre 2024 · until 21 mai 2030

Active

KOIBA

Managing director · since 22 mai 2024 · until 18 mai 2027 · 0465.495.377

Represented by Ann Steenbrugghe

Active

LUXANTOR

Director · since 22 mai 2024 · until 18 mai 2027 · 0759.947.389

Represented by Jean-Luc Deleersnyder

Active

Mark Vandecruys

Managing director · since 22 mai 2024 · until 18 mai 2027

Active

ROI²

Director · since 22 mai 2024 · until 18 mai 2027 · 0537.990.209

Represented by Hilde Haems

Active

ATEE

Director · since 29 avril 2024 · until 18 mai 2027 · 0695.569.677

Represented by Luc Van de Steen

Active

Ended mandates

ATEE

Director · since 29 avril 2024 · until 19 mai 2026 · 0695.569.677

Represented by Luc Van de Steen

Ended

Katleen Vandeweyer

Director · since 24 novembre 2022 · until 29 avril 2024

Ended

Katleen Vandeweyer

Director · since 24 novembre 2022 · until 19 mai 2026

Ended

LUXANTOR

Director · since 24 novembre 2022 · until 19 mai 2026 · 0759.947.389

Represented by Jean-Luc Deleersnyder

Ended

At this address

Other companies at this address

Company	CBE no.
BROEI● Active	0732.835.097
Fedrus Growth Capital● Active	1019.285.205
Friends of Fedrus● Active	0790.461.116
Lysias● Active	0786.640.603
PLASTIVAN INVEST● Active	0476.009.682

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	15/06/2026	17/06/2025	28/05/2024	13/06/2023	23/05/2022	28/05/2021
General meeting	19/05/2026	20/05/2025	22/05/2024	16/05/2023	17/05/2022	18/05/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	20/05/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	22/05/2024	28/05/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	17/05/2022	23/05/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	28/05/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	02/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	09/07/2019	Dutch	PDF
Full model	31/12/2017	03/05/2018	29/05/2018	Dutch	PDF
Full model	31/12/2016	15/03/2017	20/04/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 6 active · 28 ended

Active mandates

Amber Vandecruys

Director · since 09 décembre 2024 · until 21 mai 2030

Active

KOIBA

Managing director · since 22 mai 2024 · until 18 mai 2027 · 0465.495.377

Represented by Ann Steenbrugghe

Active

LUXANTOR

Director · since 22 mai 2024 · until 18 mai 2027 · 0759.947.389

Represented by Jean-Luc Deleersnyder

Active

Mark Vandecruys

Managing director · since 22 mai 2024 · until 18 mai 2027

Active

ROI²

Director · since 22 mai 2024 · until 18 mai 2027 · 0537.990.209

Represented by Hilde Haems

Active

ATEE

Director · since 29 avril 2024 · until 18 mai 2027 · 0695.569.677

Represented by Luc Van de Steen

Active

Ended mandates

ATEE

Director · since 29 avril 2024 · until 19 mai 2026 · 0695.569.677

Represented by Luc Van de Steen

Ended

Katleen Vandeweyer

Director · since 24 novembre 2022 · until 29 avril 2024

Ended

Katleen Vandeweyer

Director · since 24 novembre 2022 · until 19 mai 2026

Ended

LUXANTOR

Director · since 24 novembre 2022 · until 19 mai 2026 · 0759.947.389

Represented by Jean-Luc Deleersnyder

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/01/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/02/2025
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2022
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 2025-3,3 M €↑
2024
Annual accounts 2024-3,8 M €↓
09/12/2024
nominationAmber VANDECRUYS — bestuurder
17/09/2024
nominationMaarten POEL — vaste vertegenwoordiger van de commissaris
22/05/2024
reconductionHilde HAEMS — bestuurder (vaste vertegenwoordiger van ROR BV)
22/05/2024
reconductionJean-Luc DELEERSNYDER — bestuurder (vaste vertegenwoordiger van LUXANTOR BV)
22/05/2024
reconductionMark VANDECRUYS — bestuurder
22/05/2024
reconductionLuc VAN DE STEEN — bestuurder (vaste vertegenwoordiger van ATEE BV)
29/04/2024
nominationATEE BV — bestuurder
29/04/2024
nominationLuc VAN DE STEEN — bestuurder
2023
Annual accounts 202328,3 M €↑
2022
Annual accounts 2022-637,2 k €↓
24/11/2022
nominationKatleen Vandeweyer — bestuurder
24/11/2022
nominationLuxantor BV — bestuurder
2021
Annual accounts 2021127,5 M €↑
2020
Annual accounts 2020159,5 k €↓
2019
Annual accounts 2019656,1 k €↑
2018
Annual accounts 2018-680,3 k €↓
2017
Annual accounts 20171,6 M €↑
2016
Annual accounts 2016-1,5 M €
21/05/2015
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

Fedrus International

Overview

What does Fedrus International do?

Trend over 10 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