ACTIVE

FSE INTERNATIONAL

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Financial year 2025 · Closed on 31/12/2025

Net result456,7 k €+87,4 %over 1 year
Revenue15,7 M €+22,8 %over 1 year
Equity1,6 M €+9,9 %over 1 year
Workforce6,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

FSE INTERNATIONAL is a Public limited company incorporated in 2006. Its main activity is: Retail sale of medical and orthopaedic goods in specialised stores. Its registered office is in Bruxelles. It employs on average 6,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0881.741.183
Incorporation
08/06/2006
Legal form
Public limited company
Registered office
Rue du Moniteur 9
1000 Bruxelles · BruxellesSee on map
Contributed capital
1 000 000,00 €
Latest accounts
31/12/2025
Average workforce
6,0 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue15,7 M €12,8 M €6,7 M €4,7 M €5,5 M €
EBITDA702,8 k €261,8 k €88,2 k €158,1 k €221,8 k €
Operating result640,7 k €192,9 k €19,3 k €72,3 k €124,9 k €
Net result456,7 k €243,7 k €168,2 k €184 k €64,5 k €
Balance sheet
Equity1,6 M €1,4 M €1,2 M €1,2 M €1,2 M €
Total assets6 M €8,1 M €6,6 M €5,3 M €5,4 M €
Cash3,2 M €1,4 M €1,3 M €2,3 M €2,1 M €
Debts4,4 M €6,6 M €5,4 M €4,1 M €4,2 M €
Other
Workforce6,0 ETP6,0 ETP5,8 ETP9,2 ETP8,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

Richard LECAUDE

Director · since 31 janvier 2024 · until 01 décembre 2028

Active
Hervé MARQUIS

Managing director · since 02 décembre 2022 · until 01 décembre 2028

Active
Raphäel de TRAMASURE

Director · since 02 décembre 2022 · until 01 décembre 2028

Active

Ended mandates

Hervé MARQUIS

Managing director · since 01 décembre 2017 · until 30 novembre 2022

Ended
Hervé MARQUIS

Managing director · since 01 décembre 2017 · until 02 décembre 2022

Ended
Raphäel de TRAMASURE

Director · since 01 décembre 2017 · until 30 novembre 2022

Ended
Raphäel de TRAMASURE

Director · since 01 décembre 2017 · until 02 décembre 2022

Ended

Other companies at this address

Rue du Moniteur 9 1000 Bruxelles
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0415.196.820
EUROPE721● Active
0861.385.338
EUROPEAN CENTRE FOR COMPLEX ISSUE RESOLUTION-CENTRE EUROPEEN DE RESOLUTION DE PROBLEMES COMPLEXES● Active
0464.972.864
Fédération nationale des Hôteliers, Restaurateurs, Cafetiers et Entreprises assimilées de Belgique - Nat. Hotelhouders restauranthouders Caféhouders● Active
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GROUPE FSE-DMS● Active
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Holding Moniteur 9● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year18 months12 months12 months12 months12 months12 months
Filing date10/07/202624/12/202422/12/202323/02/202324/02/202218/02/2021
General meeting17/06/202602/12/202401/12/202302/12/202203/12/202104/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202517/06/202610/07/2026FrenchPDF
Full model30/06/202402/12/202424/12/2024FrenchPDF
Full model30/06/202301/12/202322/12/2023FrenchPDF
Full model30/06/202202/12/202223/02/2023FrenchPDF
Full model30/06/202103/12/202124/02/2022FrenchPDF
Full model30/06/202004/12/202018/02/2021FrenchPDF
Full model30/06/201906/12/201917/01/2020FrenchPDF
Full model30/06/201807/12/201808/01/2019FrenchPDF
Full model30/06/201701/12/201712/02/2018FrenchPDF
Full model30/06/201602/12/201628/02/2017FrenchPDF
Full model30/06/201504/12/201524/02/2016FrenchPDF
Abridged model30/06/201405/12/201427/02/2015FrenchPDF
Abridged model30/06/201306/12/201328/02/2014FrenchPDF
Abridged model30/06/201207/12/201228/02/2013FrenchPDF
Abridged model30/06/201102/12/201119/03/2012FrenchPDF
Abridged model30/06/201003/12/201028/02/2011FrenchPDF
Abridged model30/06/200904/12/200926/02/2010FrenchPDF
Abridged model30/06/200805/12/200825/02/2009FrenchPDF
Abridged model30/06/200707/12/200719/02/2008FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

Richard LECAUDE

Director · since 31 janvier 2024 · until 01 décembre 2028

Active
Hervé MARQUIS

Managing director · since 02 décembre 2022 · until 01 décembre 2028

Active
Raphäel de TRAMASURE

Director · since 02 décembre 2022 · until 01 décembre 2028

Active

Ended mandates

Hervé MARQUIS

Managing director · since 01 décembre 2017 · until 30 novembre 2022

Ended
Hervé MARQUIS

Managing director · since 01 décembre 2017 · until 02 décembre 2022

Ended
Raphäel de TRAMASURE

Director · since 01 décembre 2017 · until 30 novembre 2022

Ended
Raphäel de TRAMASURE

Director · since 01 décembre 2017 · until 02 décembre 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other05/05/2025
    DIVERS - ANNEE COMPTABLE
    PDF
  • Other14/08/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates21/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares31/05/2021
    CAPITAL, ACTIONS
    PDF
  • Capital / shares28/01/2019
    CAPITAL, ACTIONS
    PDF
  • Restructuring09/05/2018
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates27/04/2018
    DEMISSIONS, NOMINATIONS
    PDF

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 2025456,7 k €↑
  2. 2024
    Annual accounts 2024243,7 k €↑
  3. 2023
    Annual accounts 2023168,2 k €↓
  4. 2022
    Annual accounts 2022184 k €↑
  5. 2021
    Annual accounts 202164,5 k €↓
  6. 2020
    Annual accounts 2020202,7 k €↑
  7. 2019
    Annual accounts 2019195,5 k €↑
  8. 2017
    Annual accounts 201744,3 k €↑
  9. 2016
    Annual accounts 201627,1 k €↓
  10. 2015
    Annual accounts 201569,9 k €↑
  11. 2014
    Annual accounts 2014-47,3 k €↓
  12. 2013
    Annual accounts 201396,4 k €↑
  13. 2012
    Annual accounts 201248,5 k €↑
  14. 2011
    Annual accounts 201126,1 k €↓
  15. 2010
    Annual accounts 201026,5 k €↓
  16. 2009
    Annual accounts 200968,9 k €↑
  17. 2008
    Annual accounts 200823,7 k €↑
  18. 2007
    Annual accounts 20072,2 k €
  19. 08/06/2006
    IncorporationPublic limited company