ACTIVE

FCC

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Financial year 2025 · closed on 30/06/2025

Net result

245,1 k €

-17.5% YoY

Gross margin

1,1 M €

-6.4% YoY

Equity

1,1 M €

+25.0% YoY

Workforce

18,5 ETP

0.0% YoY

What does FCC do?

FCC is a Private limited company incorporated in 2003. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Liège. It employs on average 18,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.951.124

Incorporation

05/08/2003

Legal form

Private limited company

Registered office

Place Reine-Astrid 1
4000 Liège · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

18,5 ETP

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 15812Manufacture of leather and related products 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 52240Cargo handling+5

Joint committees (3)

118
11803
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,1 M €	-6.4%	1,2 M €	+8.6%	1,1 M €	+32.5%	841,5 k €	+51.9%	553,9 k €	-16.3%	661,9 k €	+49.2%	443,6 k €	+20.1%	369,5 k €	+3.3%	357,7 k €	-9.4%	394,7 k €	+69.2%	233,3 k €	+40.3%	166,2 k €	-1.4%	168,6 k €	+23.0%	137,1 k €	+40.1%	97,8 k €	+13.4%	86,3 k €	+39.4%	61,9 k €	+11.4%	55,6 k €
EBITDA	383,5 k €	-20.3%	481,4 k €	+9.3%	440,3 k €	+60.1%	275 k €	+78.2%	154,3 k €	-36.1%	241,5 k €	+159%	93,3 k €	+103%	45,9 k €	-48.8%	89,7 k €	-38.8%	146,7 k €	+121%	66,5 k €	+235%	19,9 k €	-60.4%	50,1 k €	+47.1%	34,1 k €	+257%	9,5 k €	-68.0%	29,8 k €	+65.0%	18 k €	+23.4%	14,6 k €
Operating result	338,5 k €	-19.6%	421,2 k €	+11.7%	377,2 k €	+80.0%	209,6 k €	+121%	94,9 k €	-47.1%	179,4 k €	+212%	57,5 k €	+569%	-12,3 k €	-153%	23,1 k €	-81.5%	125,1 k €	+182%	44,4 k €	+4331%	1 k €	-96.8%	31,3 k €	+89.4%	16,5 k €	+308%	-7,9 k €	-153%	14,9 k €	+2072%	-757,4 €	+51.5%	-1,6 k €
Net result	245,1 k €	-17.5%	297 k €	+11.6%	266,1 k €	+69.3%	157,1 k €	+46.8%	107 k €	-22.6%	138,2 k €	+214%	44 k €	+697%	-7,4 k €	-155%	13,3 k €	-87.2%	104,2 k €	+184%	36,7 k €	+2168%	-1,8 k €	-107%	26,1 k €	+1259%	1,9 k €	+121%	-9,2 k €	-171%	12,9 k €	+498%	-3,2 k €	+39.2%	-5,3 k €
Balance sheet
Equity	1,1 M €	+25.0%	880,8 k €	+40.5%	626,8 k €	+59.0%	394,3 k €	+7.4%	367,1 k €	+6.4%	345,1 k €	+46.6%	235,4 k €	+23.0%	191,5 k €	-3.7%	198,8 k €	+110%	94,8 k €	+34.3%	70,6 k €	+108%	33,9 k €	-5.0%	35,6 k €	+103%	17,6 k €	+12.3%	15,6 k €	-37.0%	24,8 k €	+108%	11,9 k €	-21.3%	15,2 k €
Total assets	1,4 M €	+17.3%	1,2 M €	+12.9%	1,1 M €	+13.7%	951 k €	+3.8%	915,8 k €	+19.3%	767,9 k €	+64.9%	465,8 k €	+3.2%	451,4 k €	-14.8%	529,8 k €	+4.1%	509 k €	+206%	166,4 k €	+27.5%	130,5 k €	-4.1%	136,1 k €	+12.0%	121,5 k €	-0.9%	122,6 k €	+51.7%	80,8 k €	-12.7%	92,5 k €	-0.6%	93,1 k €
Cash	1,1 M €	+49.9%	736 k €	+51.6%	485,6 k €	+450%	88,3 k €	-15.8%	104,9 k €	+69.1%	62,1 k €	-38.0%	100,1 k €	+90.4%	52,6 k €	-14.7%	61,6 k €	-29.1%	86,9 k €	+149%	34,9 k €	+57.5%	22,1 k €	-31.1%	32,2 k €	+208%	10,4 k €	-53.6%	22,5 k €	+25.3%	18 k €	+15.6%	15,5 k €	+14.4%	13,6 k €
Debts	328,1 k €	-3.4%	339,6 k €	-25.3%	454,5 k €	-17.0%	547,6 k €	-0.0%	547,7 k €	+33.2%	411,2 k €	+78.8%	230 k €	-11.5%	260 k €	-21.5%	331 k €	-20.1%	414,2 k €	+333%	95,8 k €	-0.9%	96,6 k €	-3.8%	100,4 k €	-3.2%	103,8 k €	-3.0%	107 k €	+91.0%	56 k €	-30.5%	80,6 k €	+3.4%	78 k €
Other
Workforce	18,5 ETP	0.0%	18,5 ETP	0.0%	18,5 ETP		–		16,9 ETP	-12.0%	19,2 ETP	+76.1%	10,9 ETP	+6.9%	10,2 ETP	+12.1%	9,1 ETP	+12.3%	8,1 ETP	+42.1%	5,7 ETP	0.0%	5,7 ETP	0.0%	5,7 ETP	+42.5%	4,0 ETP	+8.1%	3,7 ETP	+118%	1,7 ETP	-5.6%	1,8 ETP	-5.3%	1,9 ETP

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 30/06/2025 · 1 active · 4 ended

Active mandates

TURKAN CAVAS

Director · since 01 juin 2003

Active

Ended mandates

Musa COGO

Director · since 01 janvier 2011

Ended

Musa COGO

Manager · since 01 janvier 2011

Ended

Turkan CAVAS

Managing director · since 26 juin 2003

Ended

Turkan CAVAS

Manager · since 26 juin 2003

Ended

At this address

Other companies at this address

Company	CBE no.
Association des Copropriétaires de l'immeuble à Liège (Rocourt) Place Reine Astrid 1● Active	0820.665.431

Annual accounts

Full financial information

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/12/2025	23/12/2024	22/12/2023	25/12/2022	10/01/2022	16/02/2021
General meeting	01/12/2025	02/12/2024	08/12/2023	05/12/2022	06/12/2021	15/02/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	01/12/2025	18/12/2025	French	PDF
Abridged model	30/06/2024	02/12/2024	23/12/2024	French	PDF
Abridged model	30/06/2023	08/12/2023	22/12/2023	French	PDF
Abridged model	30/06/2022	05/12/2022	25/12/2022	French	PDF
Abridged model	30/06/2021	06/12/2021	10/01/2022	French	PDF
Abridged model	30/06/2020	15/02/2021	16/02/2021	French	PDF
Abridged model	30/06/2019	02/12/2019	20/12/2019	French	PDF
Abridged model	30/06/2018	03/12/2018	20/12/2018	French	PDF
Abridged model	30/06/2017	04/12/2017	31/01/2018	French	PDF
Abridged model	30/06/2015	07/12/2015	24/12/2015	French	PDF
Abridged model	30/06/2014	01/12/2014	24/12/2014	French	PDF
Abridged model	30/06/2013	02/12/2013	30/12/2013	French	PDF
Abridged model	30/06/2012	03/12/2012	25/01/2013	French	PDF
Abridged model	30/06/2011	05/12/2011	21/12/2011	French	PDF
Abridged model	30/06/2010	06/12/2010	15/12/2010	French	PDF
Abridged model	30/06/2009	07/12/2009	08/01/2010	French	PDF
Abridged model	30/06/2008	01/12/2008	24/12/2008	French	PDF
Abridged model	30/06/2007	03/12/2007	27/12/2007	French	PDF

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 30/06/2025 · 1 active · 4 ended

Active mandates

TURKAN CAVAS

Director · since 01 juin 2003

Active

Ended mandates

Musa COGO

Director · since 01 janvier 2011

Ended

Musa COGO

Manager · since 01 janvier 2011

Ended

Turkan CAVAS

Managing director · since 26 juin 2003

Ended

Turkan CAVAS

Manager · since 26 juin 2003

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/12/2023
MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Mandates15/03/2005
DEMISSIONS, NOMINATIONS - OBJET - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other12/08/2003
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

2025
Annual accounts 2025245,1 k €↓
2024
Annual accounts 2024297 k €↑
2023
Annual accounts 2023266,1 k €↑
2023
Name changeF.C.C SPRL
2022
Annual accounts 2022157,1 k €↑
2022
Name changeFCC
2021
Annual accounts 2021107 k €↓
2020
Annual accounts 2020138,2 k €↑
2019
Annual accounts 201944 k €↑
2018
Annual accounts 2018-7,4 k €↓
2017
Annual accounts 201713,3 k €↓
2015
Annual accounts 2015104,2 k €↑
2014
Annual accounts 201436,7 k €↑
2013
Annual accounts 2013-1,8 k €↓
2012
Annual accounts 201226,1 k €↑
2011
Annual accounts 20111,9 k €↑
2010
Annual accounts 2010-9,2 k €↓
2009
Annual accounts 200912,9 k €↑
2008
Annual accounts 2008-3,2 k €↑
2007
Annual accounts 2007-5,3 k €
05/08/2003
IncorporationPrivate 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

FCC

Overview

What does FCC do?

Trend over 18 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