ACTIVE

NATELPAU BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result3,3 M €+197,2 %over 1 year

Gross margin-63,4 k €-97,7 %over 1 year

Equity64,9 M €+5,3 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

NATELPAU BELGIUM is a Public limited company incorporated in 2009. Its registered office is in Verviers.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0821.761.036
Incorporation: 24/12/2009
Legal form: Public limited company
Registered office: Rue Deru-Dehayes 35
4802 Verviers · WallonieSee on map
Contributed capital: 52 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 17 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-63,4 k €	-97.7%	-32,1 k €	-1.3%	-31,6 k €	+47.1%	-59,7 k €	-17.5%	-50,9 k €
EBITDA	-127,7 k €	-39.7%	-91,4 k €	+66.0%	-268,8 k €	-18.6%	-226,7 k €	-15.9%	-195,6 k €
Operating result	-127,7 k €	-39.7%	-91,4 k €	+66.0%	-268,8 k €	-18.6%	-226,7 k €	-15.9%	-195,6 k €
Net result	3,3 M €	+197%	1,1 M €	-78.8%	5,2 M €	+1388%	-405,7 k €	-120%	2 M €
Balance sheet
Equity	64,9 M €	+5.3%	61,6 M €	+1.8%	60,5 M €	+9.5%	55,3 M €	-0.7%	55,7 M €
Total assets	66,7 M €	+5.3%	63,3 M €	+1.4%	62,4 M €	+7.9%	57,8 M €	+3.2%	56 M €
Cash	2,9 M €	+1968%	138,3 k €	-28.6%	193,7 k €	-92.8%	2,7 M €	+341%	606,8 k €
Debts	1,7 M €	+3.3%	1,6 M €	-10.5%	1,8 M €	-26.4%	2,4 M €	+733%	292,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Financière Natelpau

Chairman of the board of directors · since 20 juin 2024 · until 21 juin 2030

Represented by Patrick LAPOINTE

Active

Hervé d'Halluin

Director · since 20 juin 2024 · until 21 juin 2030

Active

Michel Grignard

Managing director · since 15 juin 2023 · until 21 juin 2029

Active

Ended mandates

Financière Natelpau

Chairman of the board of directors · since 03 septembre 2020 · until 20 juin 2024

Represented by Patrick LAPOINTE

Ended

Financière Natelpau

Chairman of the board of directors · since 17 mai 2018 · until 20 juin 2024

Represented by Emmanuel Gras

Ended

Hervé d'Halluin

Director · since 17 mai 2018 · until 20 juin 2024

Ended

Patrick Lapointe

Director · since 06 novembre 2017 · until 15 juin 2023

Ended

Other companies at this address

Rue Deru-Dehayes 35 4802 Verviers

Company	CBE no.
CONDORELO● Active	0634.771.562

Full financial information

Source · NBB

	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	09/07/2026	26/09/2025	08/07/2024	21/06/2023	05/07/2022	23/07/2021
General meeting	18/06/2026	30/06/2025	20/06/2024	15/06/2023	09/06/2022	17/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	09/07/2026	French	PDF
Abridged modelCorrection	31/12/2024	30/06/2025	26/09/2025	French	PDF
Abridged model	31/12/2024	30/06/2025	01/08/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	08/07/2024	French	PDF
Abridged model	31/12/2022	15/06/2023	21/06/2023	French	PDF
Abridged model	31/12/2021	09/06/2022	05/07/2022	French	PDF
Abridged model	31/12/2020	17/06/2021	23/07/2021	French	PDF
Abridged model	31/12/2019	03/06/2020	24/07/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	09/07/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	10/07/2018	French	PDF
Abridged model	31/12/2016	26/04/2017	24/05/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	27/06/2015	French	PDF
Abridged model	31/12/2013	19/06/2014	27/06/2014	French	PDF
Abridged model	31/12/2012	30/04/2013	03/06/2013	French	PDF
Abridged model	31/12/2011	13/06/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	27/04/2011	17/05/2011	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Financière Natelpau

Chairman of the board of directors · since 20 juin 2024 · until 21 juin 2030

Represented by Patrick LAPOINTE

Active

Hervé d'Halluin

Director · since 20 juin 2024 · until 21 juin 2030

Active

Michel Grignard

Managing director · since 15 juin 2023 · until 21 juin 2029

Active

Ended mandates

Financière Natelpau

Chairman of the board of directors · since 03 septembre 2020 · until 20 juin 2024

Represented by Patrick LAPOINTE

Ended

Financière Natelpau

Chairman of the board of directors · since 17 mai 2018 · until 20 juin 2024

Represented by Emmanuel Gras

Ended

Hervé d'Halluin

Director · since 17 mai 2018 · until 20 juin 2024

Ended

Patrick Lapointe

Director · since 06 novembre 2017 · until 15 juin 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office05/08/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Mandates15/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares31/08/2022
CAPITAL, ACTIONS
PDF
Mandates08/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates02/02/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2017
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20253,3 M €↑
2024
Annual accounts 20241,1 M €↓
20/06/2024
reconductionFinancière Natelpau — administrateur
20/06/2024
reconductionHervé d'Halluin — administrateur
2023
Annual accounts 20235,2 M €↑
15/06/2023
reconductionMichel Grignard — administrateur
2022
Annual accounts 2022-405,7 k €↓
01/07/2022
autre
2021
Annual accounts 20212 M €↑
2018
Annual accounts 2018-727,2 k €↓
2017
Annual accounts 2017-46,7 k €↓
2016
Annual accounts 2016481 k €↓
2015
Annual accounts 20153,2 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 201341,7 k €↓
2012
Annual accounts 2012238,3 k €↑
2011
Annual accounts 2011-187,4 k €↓
2010
Annual accounts 2010118,8 k €
24/12/2009
IncorporationPublic limited company

NATELPAU BELGIUM

Overview

Identity

Financials

Valuation

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

Timeline