ACTIVE

FEDES

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Financial year 2025 · closed on 31/12/2025
Net result
23 k €
-65.0% YoY
Gross margin
168 k €
-16.9% YoY
Equity
108,6 k €
+26.9% YoY

What does FEDES do?

FEDES is a Private limited company incorporated in 2011. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Liège.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0839.755.229
Incorporation
29/09/2011
Legal form
Private limited company
Registered office
Boulevard de la Sauvenière 26
4000 Liège · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
46500Wholesale of information and communication equipment· main46520Wholesale of electronic and telecommunications equipment and parts47789Other retail sale of new goods in specialised stores47789Other retail sale of new goods in specialised stores
Joint committees (1)
  • 200
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin168 k €202,1 k €21,7 k €147,5 k €143,1 k €181,4 k €176 k €191,2 k €131,8 k €237,8 k €188 k €114,3 k €98,5 k €156,4 k €
EBITDA60,9 k €125 k €-7,9 k €66,2 k €88,6 k €113,8 k €47,6 k €36,5 k €23,6 k €143,3 k €117,6 k €47,9 k €34,5 k €20 k €
Operating result36,6 k €105,8 k €-28,1 k €40 k €58,4 k €86,2 k €20,2 k €468,7 €1,2 k €120,4 k €95,1 k €32,9 k €18,3 k €7,5 k €
Net result23 k €65,7 k €-39,7 k €-3,5 k €32,4 k €45,9 k €10,1 k €-10,3 k €-9,4 k €63,9 k €52,5 k €10,1 k €2,9 k €-2,5 k €
Balance sheet
Equity108,6 k €85,6 k €19,9 k €59,6 k €128,1 k €95,7 k €49,8 k €39,7 k €49,7 k €59,1 k €25,2 k €16,7 k €6,6 k €3,7 k €
Total assets382,5 k €398,9 k €424,6 k €462,2 k €492,6 k €546,2 k €407,8 k €365,7 k €308,9 k €443 k €211,9 k €174,4 k €160,6 k €192,8 k €
Cash40,3 k €28,9 k €84,7 k €121,8 k €15,5 k €27,8 k €10,1 k €–6,7 k €11,3 k €4,7 k €397,4 €102,6 €3,4 €
Debts273,9 k €313,4 k €404,7 k €402,6 k €364 k €449,9 k €355,2 k €325,5 k €257,2 k €381,8 k €185,8 k €156,8 k €153,2 k €189,1 k €
Other
Workforce––––––––3,0 ETP2,8 ETP2,2 ETP2,0 ETP2,2 ETP2,9 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 · 1 active · 3 ended

Active mandates

Massimo DE STEFANO

Director

Active

Ended mandates

Massimo DE STEFANO

Manager · since 26 septembre 2011

Ended
Angela FERRANTE

Director

Ended
Massimo DE STEFANO

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Association des copropriétaires de la Résidence Boulevard de la Sauvenière 26● Active
1026.635.825
MDFA IMMO● Active
1027.334.126
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date27/08/202623/09/202530/08/202426/10/202326/10/202222/11/2021
General meeting26/08/202612/09/202521/08/202406/10/202324/10/202212/11/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/08/202627/08/2026FrenchPDF
Micro model31/12/202412/09/202523/09/2025FrenchPDF
Micro model31/12/202321/08/202430/08/2024FrenchPDF
Micro model31/12/202206/10/202326/10/2023FrenchPDF
Micro model31/12/202124/10/202226/10/2022FrenchPDF
Micro model31/12/202012/11/202122/11/2021FrenchPDF
Micro model31/12/201923/10/202030/10/2020FrenchPDF
Micro model31/12/201810/10/201913/10/2020FrenchPDF
Abridged model31/12/201715/06/201831/08/2018FrenchPDF
Abridged model31/12/201616/06/201731/08/2017FrenchPDF
Abridged model31/12/201517/06/201630/08/2016FrenchPDF
Abridged model31/12/201419/06/201528/08/2015FrenchPDF
Abridged model31/12/201320/06/201429/08/2014FrenchPDF
Abridged model31/12/201221/06/201324/09/2013FrenchPDF
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 · 1 active · 3 ended

Active mandates

Massimo DE STEFANO

Director

Active

Ended mandates

Massimo DE STEFANO

Manager · since 26 septembre 2011

Ended
Angela FERRANTE

Director

Ended
Massimo DE STEFANO

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/07/2020
    DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
    PDF
  • Registered office05/11/2018
    SIEGE SOCIAL
    PDF
  • Other11/10/2011
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202523 k €↓
  2. 2024
    Annual accounts 202465,7 k €↑
  3. 2023
    Annual accounts 2023-39,7 k €↓
  4. 2022
    Annual accounts 2022-3,5 k €↓
  5. 2021
    Annual accounts 202132,4 k €↓
  6. 2020
    Annual accounts 202045,9 k €↑
  7. 2019
    Annual accounts 201910,1 k €↑
  8. 2018
    Annual accounts 2018-10,3 k €↓
  9. 2017
    Annual accounts 2017-9,4 k €↓
  10. 2016
    Annual accounts 201663,9 k €↑
  11. 2015
    Annual accounts 201552,5 k €↑
  12. 2014
    Annual accounts 201410,1 k €↑
  13. 2013
    Annual accounts 20132,9 k €↑
  14. 2012
    Annual accounts 2012-2,5 k €
  15. 29/09/2011
    IncorporationPrivate limited company