ACTIVE

BN HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

-20,9 k €

-1663.8% YoY

Gross margin

28,3 k €

-19.5% YoY

Equity

687,1 k €

-3.0% YoY

What does BN HOLDING do?

BN HOLDING is a Public limited company incorporated in 2006. Its main activity is: Activities of holding companies. Its registered office is in La Bruyère.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.752.035

Incorporation

18/12/2006

Legal form

Public limited company

Registered office

Place Communale, Rhisnes 8
5080 La Bruyère · WallonieSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74142Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.+1

Signals

Solid equityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	28,3 k €	-19.5%	35,2 k €	-17.4%	42,6 k €	+246%	-29,2 k €	-214%	25,7 k €	-70.4%	86,8 k €	+0.0%	86,8 k €	+27.4%	68,1 k €		–		–		–		–		–		–		–		–		–
EBITDA	22,1 k €	-25.2%	29,5 k €	-24.5%	39,1 k €	+221%	-32,4 k €	-245%	22,4 k €	-73.1%	83,2 k €	-0.6%	83,7 k €	+26.9%	65,9 k €	-32.3%	97,4 k €	+38.6%	70,3 k €	+6.5%	66 k €	-7.5%	71,3 k €	+7.7%	66,2 k €	+9.7%	60,4 k €	-22.1%	77,5 k €	+1.9%	76,1 k €	-14.5%	89 k €
Operating result	12 k €	-35.4%	18,6 k €	-21.7%	23,7 k €	+147%	-50,2 k €	-1013%	5,5 k €	-91.5%	64,9 k €	-0.7%	65,4 k €	+37.2%	47,7 k €	-40.4%	79,9 k €	+44.3%	55,4 k €	+8.4%	51,1 k €	-9.4%	56,4 k €	+9.9%	51,3 k €	+11.2%	46,2 k €	-27.7%	63,8 k €	-3.7%	66,3 k €	-8.1%	72,1 k €
Net result	-20,9 k €	-1664%	1,3 k €	+102%	-59,3 k €	+14.3%	-69,2 k €	-207%	64,9 k €	+151%	25,8 k €	-72.0%	92,3 k €	+1073%	7,9 k €	-73.3%	29,5 k €	+173%	10,8 k €	+317%	2,6 k €	-74.7%	10,2 k €	+297%	2,6 k €	+144%	-5,9 k €	-181%	7,2 k €	-28.6%	10,1 k €	+19.9%	8,4 k €
Balance sheet
Equity	687,1 k €	-3.0%	708,1 k €	+0.2%	706,7 k €	-7.7%	766,1 k €	-8.3%	835,3 k €	+202%	276,4 k €	+10.3%	250,6 k €	+58.3%	158,3 k €	+5.2%	150,4 k €	-31.9%	221 k €	+5.1%	210,2 k €	+1.2%	207,6 k €	+5.2%	197,4 k €	+1.3%	194,9 k €	-2.9%	200,7 k €	+3.7%	193,5 k €	+5.5%	183,4 k €
Total assets	1,4 M €	-1.5%	1,4 M €	-0.4%	1,5 M €	-5.8%	1,5 M €	-5.6%	1,6 M €	+10.0%	1,5 M €	-0.4%	1,5 M €	-0.5%	1,5 M €	-0.3%	1,5 M €	-0.1%	1,5 M €	-0.8%	1,5 M €	-1.9%	1,5 M €	-1.2%	1,6 M €	-1.6%	1,6 M €	-2.6%	1,6 M €	+4.3%	1,6 M €	+2.2%	1,5 M €
Cash	291,8 €	-68.8%	936,4 €	+5312%	17,3 €	-99.7%	6,9 k €	-92.8%	95,9 k €	+370217%	25,9 €	-42.5%	45 €	-95.8%	1,1 k €	+82.5%	591,8 €	-32.4%	875,3 €	+2623%	32,2 €	-98.7%	2,6 k €	-52.1%	5,3 k €	-75.2%	21,5 k €	-69.3%	70,1 k €		–		16,9 k €
Debts	737,8 k €	+0.0%	737,6 k €	-0.9%	744,4 k €	-3.9%	774,4 k €	-2.7%	796 k €	-34.0%	1,2 M €	-2.6%	1,2 M €	-7.3%	1,3 M €	-0.9%	1,3 M €	+5.4%	1,3 M €	-1.8%	1,3 M €	-2.4%	1,3 M €	-2.3%	1,4 M €	-1.8%	1,4 M €	-1.1%	1,4 M €	+3.0%	1,4 M €	+2.0%	1,3 M €
Other
Workforce	–		–		–		–		0,0 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 · 21 ended

Active mandates

Amélie Nicodème

Director

Active

Ended mandates

Amélie Nicodème

Managing director · since 16 mai 2018 · until 15 mai 2024

Ended

Jonathan Pierre Blond

Director · since 16 mai 2018 · until 15 mai 2024

Ended

Jonathan Blond

Director · since 17 septembre 2013 · until 15 mai 2019

Ended

Jonathan Blond

Director · since 17 septembre 2013 · until 16 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
GROUPE NICODÈME● Active	0662.422.601
PHARMACIE A.NICODEME● Active	0424.147.544

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	01/01/2025	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	05/08/2026	21/05/2025	17/07/2024	21/09/2023	10/06/2022	26/05/2021
General meeting	29/07/2026	21/05/2025	25/06/2024	31/08/2023	18/05/2022	19/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/07/2026	05/08/2026	French	PDF
Abridged model	31/12/2024	21/05/2025	21/05/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	17/07/2024	French	PDF
Abridged model	31/12/2022	31/08/2023	21/09/2023	French	PDF
Abridged model	31/12/2021	18/05/2022	10/06/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	26/05/2021	French	PDF
Abridged model	31/12/2019	20/05/2020	22/05/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	16/05/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	18/05/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	15/06/2017	French	PDF
Full model	31/12/2015	18/05/2016	07/06/2016	French	PDF
Full model	31/12/2014	20/05/2015	05/06/2015	French	PDF
Full model	31/12/2013	21/05/2014	10/06/2014	French	PDF
Full model	31/12/2012	15/05/2013	17/05/2013	French	PDF
Full model	31/12/2011	16/05/2012	14/06/2012	French	PDF
Full model	31/12/2010	18/05/2011	23/05/2011	French	PDF
Full model	31/12/2009	19/05/2010	21/05/2010	French	PDF
Full model	31/12/2008	20/05/2009	15/06/2009	French	PDF
Full model	31/12/2007	21/05/2008	11/06/2008	French	PDF

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 · 21 ended

Active mandates

Amélie Nicodème

Director

Active

Ended mandates

Amélie Nicodème

Managing director · since 16 mai 2018 · until 15 mai 2024

Ended

Jonathan Pierre Blond

Director · since 16 mai 2018 · until 15 mai 2024

Ended

Jonathan Blond

Director · since 17 septembre 2013 · until 15 mai 2019

Ended

Jonathan Blond

Director · since 17 septembre 2013 · until 16 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other21/10/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates14/04/2015
DENOMINATION - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/09/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates10/04/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates09/09/2010
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 2025-20,9 k €↓
2024
Annual accounts 20241,3 k €↑
2023
Annual accounts 2023-59,3 k €↑
2022
Annual accounts 2022-69,2 k €↓
2021
Annual accounts 202164,9 k €↑
2018
Annual accounts 201825,8 k €↓
2017
Annual accounts 201792,3 k €↑
2016
Annual accounts 20167,9 k €↓
2015
Annual accounts 201529,5 k €↑
2014
Annual accounts 201410,8 k €↑
2014
Name changeBN HOLDING
2013
Annual accounts 20132,6 k €↓
2012
Annual accounts 201210,2 k €↑
2011
Annual accounts 20112,6 k €↑
2010
Annual accounts 2010-5,9 k €↓
2009
Annual accounts 20097,2 k €↓
2008
Annual accounts 200810,1 k €↑
2007
Annual accounts 20078,4 k €
2007
Name changeALPHAR RHISNES
18/12/2006
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

BN HOLDING

Overview

What does BN HOLDING do?

Trend over 17 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