ACTIVE

NJR INVEST

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Financial year 2025 · closed on 31/12/2025

Net result

-5 M €

+40.6% YoY

Revenue

14,5 k €

0.0% YoY

Equity

490,9 M €

-1.0% YoY

Workforce

2,0 ETP

0.0% YoY

What does NJR INVEST do?

NJR INVEST is a Public limited company incorporated in 2006. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Watermael-Boitsfort. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.386.522

Incorporation

07/09/2006

Legal form

Public limited company

Registered office

Chaussée de La Hulpe 181 box 10
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

389 000 000,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

64999Other financial service activities, except insurance and pension funding n.e.c.· main 64999Other financial service activities, except insurance and pension funding n.e.c.66300Fund management activities

Joint committees (1)

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	14,5 k €	0.0%	14,5 k €	0.0%	14,5 k €	-0.0%	14,5 k €	-25.6%	19,5 k €	-11.4%	22 k €	+2.3%	21,5 k €	+4.9%	20,5 k €	+24.2%	16,5 k €	+560%	2,5 k €	-79.3%	12,1 k €		–		–		–		–		–		–		–		–
EBITDA	-1,2 M €	-12.4%	-1 M €	-0.8%	-1 M €	-6.6%	-970,8 k €	-13.7%	-854 k €	-3.8%	-822,9 k €	-3.2%	-797,7 k €	-1.4%	-786,7 k €	+2.0%	-802,8 k €	-10.4%	-726,9 k €	-2.3%	-710,2 k €	+1.3%	-719,7 k €	-0.9%	-713,4 k €	+5.1%	-751,9 k €	-0.5%	-748,1 k €	-14.7%	-652 k €	-10.1%	-592,3 k €	-23.2%	-480,9 k €	-68.1%	-286 k €
Operating result	-1,2 M €	-11.8%	-1,1 M €	-1.1%	-1,1 M €	-6.4%	-1 M €	-8.9%	-942,3 k €	-0.2%	-940,5 k €	-3.0%	-913,1 k €	-1.1%	-903 k €	+2.9%	-930 k €	+6.5%	-994,5 k €	-0.7%	-987,8 k €	+2.1%	-1 M €	-0.4%	-1 M €	+2.6%	-1 M €	-22.8%	-840,9 k €	-21.8%	-690,1 k €	-15.5%	-597,4 k €	-22.8%	-486,6 k €	-67.9%	-289,9 k €
Net result	-5 M €	+40.6%	-8,5 M €	-5.7%	-8 M €	-179%	10,1 M €	+16.6%	8,7 M €	-0.1%	8,7 M €	+3.8%	8,4 M €	-9.2%	9,2 M €	+27.9%	7,2 M €	-25.9%	9,7 M €	-2.8%	10 M €	-10.4%	11,2 M €	-5.7%	11,9 M €	-13.5%	13,7 M €	-38.6%	22,3 M €	+64.4%	13,6 M €	-23.3%	17,7 M €	-22.8%	23 M €	+117%	10,6 M €
Balance sheet
Equity	490,9 M €	-1.0%	495,9 M €	-1.7%	504,4 M €	-1.6%	512,4 M €	+0.1%	511,9 M €	+1.5%	504,2 M €	+0.1%	503,7 M €	0.0%	503,7 M €	+1.9%	494,5 M €	+1.5%	487,3 M €	+2.0%	477,5 M €	+2.1%	467,5 M €	+2.5%	456,3 M €	+2.7%	444,4 M €	+0.8%	440,7 M €	+2.9%	428,4 M €	+0.8%	424,8 M €	+0.3%	423,6 M €	+5.7%	400,6 M €
Total assets	2,6 Md €	+5.6%	2,4 Md €	+10.5%	2,2 Md €	+4.3%	2,1 Md €	-2.8%	2,2 Md €	+26.6%	1,7 Md €	+3.9%	1,7 Md €	+13.1%	1,5 Md €	+7.9%	1,4 Md €	+8.3%	1,3 Md €	+27.3%	988,1 M €	+1.7%	971,6 M €	-0.7%	978,2 M €	-5.3%	1 Md €	+3.9%	993,7 M €	-6.3%	1,1 Md €	+4.3%	1 Md €	+3.7%	981,3 M €	+8.9%	901,3 M €
Cash	6,1 M €	-89.0%	55,9 M €	+414%	10,9 M €	+98.0%	5,5 M €	-96.9%	179,4 M €	+250%	51,2 M €	+5.3%	48,6 M €	+1558%	2,9 M €	-93.8%	47,2 M €	+666%	6,2 M €	-17.2%	7,4 M €	-18.3%	9,1 M €	+49.7%	6,1 M €	+7.4%	5,7 M €	-47.8%	10,8 M €	+443%	2 M €	-55.7%	4,5 M €	-54.7%	9,9 M €	+288%	2,6 M €
Debts	2,1 Md €	+7.4%	1,9 Md €	+14.2%	1,7 Md €	+5.9%	1,6 Md €	-3.8%	1,7 Md €	+37.5%	1,2 Md €	+6.1%	1,1 Md €	+20.7%	951,6 M €	+12.4%	846,9 M €	+13.5%	746,1 M €	+54.0%	484,6 M €	+2.0%	475,3 M €	-6.4%	507,7 M €	-10.3%	566,1 M €	+3.8%	545,4 M €	-13.8%	632,5 M €	+6.8%	592,4 M €	+7.1%	553 M €	+11.5%	495,9 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	-10.0%	2,0 ETP	-23.1%	2,6 ETP	+30.0%	2,0 ETP	0.0%	2,0 ETP	+25.0%	1,6 ETP	-11.1%	1,8 ETP	+80.0%	1,0 ETP	+233%	0,3 ETP

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 · 7 active · 67 ended

Active mandates

Agnès Ciron-Cavoizy

Director · since 21 mai 2025 · until 20 mai 2026

Active

Gilles Parone

Director · since 24 avril 2024 · until 15 mai 2029

Active

Baltasar Gonzalez-Collado

Director · since 27 octobre 2021 · until 21 mai 2025

Active

Alain Santmarty

Director · since 08 juillet 2021 · until 15 mai 2026

Active

Olivier Fouchet

Director · since 08 juillet 2021 · until 15 mai 2026

Active

Patrick Vercauteren Drubbel

Director · since 05 mai 2021 · until 15 mai 2026

Active

Steve Gentili

Director · since 05 mai 2021 · until 15 mai 2026

Active

Ended mandates

Baltasar Gonzalez-Collado

Director · since 27 octobre 2021 · until 15 mai 2026

Ended

Olivier Lendrevie

Director · since 05 mai 2021 · until 27 octobre 2021

Ended

Rémi Chataignier

Director · since 05 mai 2021 · until 24 avril 2024

Ended

Rémi Chataignier

Director · since 05 mai 2021 · until 15 mai 2026

Ended

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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	17/06/2026	28/05/2025	30/05/2024	30/05/2023	17/06/2022	19/05/2021
General meeting	20/05/2026	21/05/2025	15/05/2024	17/05/2023	18/05/2022	05/05/2021
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

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Filings

Annual accounts filings

30 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	20/05/2026	17/06/2026	French	PDF
Full model	31/12/2024	21/05/2025	28/05/2025	French	PDF
Consolidated accounts	31/12/2024	27/05/2025	14/07/2025	French	PDF
Full model	31/12/2023	15/05/2024	30/05/2024	French	PDF
Consolidated accounts	31/12/2023	30/05/2024	09/07/2024	French	PDF
Full model	31/12/2022	17/05/2023	30/05/2023	French	PDF
Consolidated accounts	31/12/2022	31/05/2023	18/07/2023	French	PDF
Full model	31/12/2021	18/05/2022	17/06/2022	French	PDF
Consolidated accounts	31/12/2021	31/05/2022	28/07/2022	French	PDF
Full model	31/12/2020	05/05/2021	19/05/2021	French	PDF
Consolidated accounts	31/12/2020	01/01/9999	17/05/2021	French	PDF
Full model	31/12/2019	06/05/2020	25/05/2020	French	PDF
Consolidated accounts	31/12/2019	28/05/2020	25/06/2020	French	PDF
Full model	31/12/2018	02/05/2019	09/05/2019	French	PDF
Consolidated accounts	31/12/2018	01/01/9999	09/05/2019	French	PDF
Full model	31/12/2017	02/05/2018	15/05/2018	French	PDF
Consolidated accounts	31/12/2017	29/05/2018	06/07/2018	French	PDF
Full model	31/12/2016	03/05/2017	23/05/2017	French	PDF
Consolidated accounts	31/12/2016	30/05/2017	05/07/2017	French	PDF
Full model	31/12/2015	04/05/2016	30/06/2016	French	PDF
Consolidated accounts	31/12/2015	26/05/2016	12/07/2016	French	PDF
Full model	31/12/2014	06/05/2015	26/06/2015	French	PDF
Consolidated accounts	31/12/2014	27/05/2015	15/03/2016	French	PDF
Full model	31/12/2013	07/05/2014	11/06/2014	French	PDF

View all 30 filings

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 · 7 active · 67 ended

Active mandates

Agnès Ciron-Cavoizy

Director · since 21 mai 2025 · until 20 mai 2026

Active

Gilles Parone

Director · since 24 avril 2024 · until 15 mai 2029

Active

Baltasar Gonzalez-Collado

Director · since 27 octobre 2021 · until 21 mai 2025

Active

Alain Santmarty

Director · since 08 juillet 2021 · until 15 mai 2026

Active

Olivier Fouchet

Director · since 08 juillet 2021 · until 15 mai 2026

Active

Patrick Vercauteren Drubbel

Director · since 05 mai 2021 · until 15 mai 2026

Active

Steve Gentili

Director · since 05 mai 2021 · until 15 mai 2026

Active

Ended mandates

Baltasar Gonzalez-Collado

Director · since 27 octobre 2021 · until 15 mai 2026

Ended

Olivier Lendrevie

Director · since 05 mai 2021 · until 27 octobre 2021

Ended

Rémi Chataignier

Director · since 05 mai 2021 · until 24 avril 2024

Ended

Rémi Chataignier

Director · since 05 mai 2021 · until 15 mai 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates02/06/2021
DEMISSIONS, NOMINATIONS
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 2025-5 M €↑
21/05/2025
nominationWilliam Rutten — représentant permanent (commissaire)
21/05/2025
nominationAgnès CIRON-CAVOIZY — administrateur
2024
Annual accounts 2024-8,5 M €↓
15/05/2024
nominationGilles Parone — administrateur
2023
Annual accounts 2023-8 M €↓
2022
Annual accounts 202210,1 M €↑
01/09/2022
nominationWilliam Rutten — commissaire
18/05/2022
nominationBaltasar Gonzalez-Collado — administrateur
18/05/2022
nominationGaëtan Roy — commissaire
2021
Annual accounts 20218,7 M €↓
2020
Annual accounts 20208,7 M €↑
2019
Annual accounts 20198,4 M €↓
2018
Annual accounts 20189,2 M €↑
2017
Annual accounts 20177,2 M €↓
2016
Annual accounts 20169,7 M €↓
2015
Annual accounts 201510 M €↓
2014
Annual accounts 201411,2 M €↓
2013
Annual accounts 201311,9 M €↓
2012
Annual accounts 201213,7 M €↓
2011
Annual accounts 201122,3 M €↑
2010
Annual accounts 201013,6 M €↓
2009
Annual accounts 200917,7 M €↓
2008
Annual accounts 200823 M €↑
2007
Annual accounts 200710,6 M €
07/09/2006
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

NJR INVEST

Overview

What does NJR INVEST do?

Trend over 19 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