ACTIVE

FinAx

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

216,2 M €

+25.0% YoY

Equity

444,9 M €

+15.4% YoY

What does FinAx do?

FinAx is a Public limited company incorporated in 2018. Its main activity is: Activities of holding companies. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0718.694.279

Incorporation

31/12/2018

Legal form

Public limited company

Registered office

Begijnenvest 113
2000 Antwerpen · FlandreSee on map

Contributed capital

136 811 577,99 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2021		2020		2019
Income statement
EBITDA	-305,9 k €	-1.5%	-301,5 k €	-45.1%	-207,8 k €	-20.7%	-172,2 k €	+8.9%	-189 k €	-6.8%	-176,9 k €	+62.4%	-470,3 k €
Operating result	-305,9 k €	-1.5%	-301,5 k €	-45.1%	-207,8 k €	-20.7%	-172,2 k €	+8.9%	-189 k €	-6.8%	-176,9 k €	+62.4%	-470,3 k €
Net result	216,2 M €	+25.0%	173 M €	+96.4%	88,1 M €	-17.5%	106,7 M €	+24.3%	85,9 M €	+895%	8,6 M €	-87.3%	68,3 M €
Balance sheet
Equity	444,9 M €	+15.4%	385,7 M €	+2.2%	377,4 M €	+1.6%	371,6 M €	+3.5%	358,9 M €	+0.6%	356,7 M €	+2.5%	348 M €
Total assets	445,2 M €	-2.6%	457,1 M €	+21.0%	377,7 M €	+1.6%	371,9 M €	+3.5%	359,1 M €	-0.2%	360 M €	+3.4%	348,2 M €
Cash	78,7 k €	-72.2%	283,3 k €	+9.8%	258,1 k €	+18.8%	217,2 k €	-7.4%	234,7 k €	+283%	61,2 k €	-84.5%	395,5 k €
Debts	233,2 k €	-99.7%	71,4 M €	+31554%	225,6 k €	+9.8%	205,5 k €	+13.0%	181,9 k €	-94.5%	3,3 M €	+1621%	193,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 23 ended

Active mandates

Jacques DELEN

Director · since 26 mai 2025 · until 24 mai 2027

Active

Luc BERTRAND

Director · since 26 mai 2025 · until 24 mai 2027

Active

Christophe MATERS

Director · since 01 janvier 2024 · until 24 mai 2027

Active

John-Eric BERTRAND

Director · since 01 janvier 2024 · until 24 mai 2027

Active

Michel BUYSSCHAERT

Director · since 22 mai 2023 · until 24 mai 2027

Active

Dirk WOUTERS

Director · since 23 mai 2022 · until 26 mai 2026

Active

Eric PULINX

Director · since 23 mai 2022 · until 26 mai 2026

Active

Frank VERHAEGEN

Director · since 23 mai 2022 · until 26 mai 2026

Active

Piet DEJONGHE

Director · since 23 mai 2022 · until 26 mai 2026

Active

Ended mandates

Christophe MATERS

Director · since 01 janvier 2024 · until 31 mai 2027

Ended

John-Eric BERTRAND

Director · since 01 janvier 2024 · until 31 mai 2027

Ended

Jacques DELEN

Director · since 22 mai 2023 · until 26 mai 2025

Ended

Luc BERTRAND

Director · since 22 mai 2023 · until 26 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
ACKERMANS & VAN HAAREN● Active	0404.616.494
Ackermans & van Haaren group● Active	1011.663.280
ANFIMA● Active	0426.265.213
BAARBEEK● Active	0872.203.709
BELFIMAS● Active	0460.831.954
BRINVEST● Active	0431.697.411
GREEN OFFSHORE● Active	0832.273.757
GreenStor● Active	0803.082.794
OKSALYS● Active	0425.199.993
SCALDIS INVEST● Active	0460.832.152

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	08/06/2026	03/06/2025	19/06/2024	05/06/2023	07/06/2022	15/06/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	22/05/2023	23/05/2022	25/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	08/06/2026	Dutch	PDF
Consolidated accounts	31/12/2025	26/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	26/05/2025	03/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	26/05/2025	03/06/2025	Dutch	PDF
Full model	31/12/2023	27/05/2024	19/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	27/05/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	22/05/2023	05/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	22/05/2023	05/06/2023	Dutch	PDF
Full model	31/12/2021	23/05/2022	07/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	23/05/2022	07/06/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	15/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	25/05/2021	15/06/2021	Dutch	PDF
Full modelCorrection	31/12/2019	25/05/2020	29/06/2020	Dutch	PDF
Full model	31/12/2019	25/05/2020	04/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	25/05/2020	04/06/2020	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 9 active · 23 ended

Active mandates

Jacques DELEN

Director · since 26 mai 2025 · until 24 mai 2027

Active

Luc BERTRAND

Director · since 26 mai 2025 · until 24 mai 2027

Active

Christophe MATERS

Director · since 01 janvier 2024 · until 24 mai 2027

Active

John-Eric BERTRAND

Director · since 01 janvier 2024 · until 24 mai 2027

Active

Michel BUYSSCHAERT

Director · since 22 mai 2023 · until 24 mai 2027

Active

Dirk WOUTERS

Director · since 23 mai 2022 · until 26 mai 2026

Active

Eric PULINX

Director · since 23 mai 2022 · until 26 mai 2026

Active

Frank VERHAEGEN

Director · since 23 mai 2022 · until 26 mai 2026

Active

Piet DEJONGHE

Director · since 23 mai 2022 · until 26 mai 2026

Active

Ended mandates

Christophe MATERS

Director · since 01 janvier 2024 · until 31 mai 2027

Ended

John-Eric BERTRAND

Director · since 01 janvier 2024 · until 31 mai 2027

Ended

Jacques DELEN

Director · since 22 mai 2023 · until 26 mai 2025

Ended

Luc BERTRAND

Director · since 22 mai 2023 · until 26 mai 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other12/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates08/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other18/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2022
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 2025216,2 M €↑
26/05/2025
reconductionLuc Bertrand — bestuurder, voorzitter
26/05/2025
reconductionJacques Delen — bestuurder
2024
Annual accounts 2024173 M €↑
12/06/2024
nominationDeloitte Bedrijfsrevisoren BV — commissaris
01/01/2024
nominationJohn-Eric Bertrand — bestuurder
01/01/2024
nominationChristophe Maters — bestuurder
2023
Annual accounts 202388,1 M €↓
22/05/2023
reconductionLuc Bertrand — niet-uitvoerend bestuurder, voorzitter
22/05/2023
reconductionJacques Delen — niet-uitvoerend bestuurder
22/05/2023
nominationMichel Buysschaert — uitvoerend bestuurder
2022
Annual accounts 2022106,7 M €↑
10/06/2022
reconductionLuc Bertrand — niet-uitvoerend bestuurder, voorzitter
10/06/2022
reconductionJan Suykens — niet-uitvoerend bestuurder
10/06/2022
reconductionPiet Dejonghe — niet-uitvoerend bestuurder
10/06/2022
reconductionJacques Delen — niet-uitvoerend bestuurder
10/06/2022
reconductionEric Pulinx — onafhankelijk bestuurder
10/06/2022
reconductionFrank Verhaegen — onafhankelijk bestuurder
10/06/2022
reconductionRené Havaux — uitvoerend bestuurder
10/06/2022
reconductionDirk Wouters — uitvoerend bestuurder
2021
Annual accounts 202185,9 M €↑
2020
Annual accounts 20208,6 M €↓
2019
Annual accounts 201968,3 M €
31/12/2018
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

FinAx

Overview

What does FinAx do?

Trend over 7 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