ACTIVE

FROMUNION

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Financial year 2025 · closed on 31/12/2025

Net result

-773,3 k €

-0.7% YoY

Revenue

36,3 M €

+3.6% YoY

Equity

12,9 M €

-5.7% YoY

Workforce

94,9 ETP

-5.9% YoY

What does FROMUNION do?

FROMUNION is a Public limited company incorporated in 2007. Its registered office is in Ixelles. It employs on average 94,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.881.868

Incorporation

19/04/2007

Legal form

Public limited company

Registered office

Avenue de la Couronne 6
1050 Ixelles · BruxellesSee on map

Contributed capital

10 043 500,00 €

Latest accounts

31/12/2025

Average workforce

94,9 ETP

Joint committees (3)

11812
220
22000

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	36,3 M €	+3.6%	35 M €	+2.7%	34,1 M €	-16.2%	40,7 M €	+13.6%	35,8 M €	+1.4%	35,3 M €	+1.9%	34,7 M €	-11.9%	39,3 M €	+10.8%	35,5 M €	-13.6%	41,1 M €	-6.0%	43,7 M €	+0.4%	43,5 M €	+2.5%	42,5 M €	-15.4%	50,2 M €	+1.9%	49,3 M €	+4.2%	47,3 M €	+20.4%	39,3 M €	+92.1%	20,4 M €
EBITDA	1,3 M €	+20.4%	1,1 M €	+163%	-1,8 M €	-203%	1,7 M €	-10.8%	1,9 M €	-24.7%	2,6 M €	+98.4%	1,3 M €	-44.6%	2,3 M €	-31.6%	3,4 M €	-21.6%	4,3 M €	+93.7%	2,2 M €	+10.7%	2 M €	-7.3%	2,2 M €	-10.1%	2,4 M €	-16.9%	2,9 M €	-43.8%	5,2 M €	+189%	1,8 M €	+335%	-763,2 k €
Operating result	-373,7 k €	+30.8%	-540,3 k €	+84.2%	-3,4 M €	-1229%	302,3 k €	+8.4%	278,9 k €	-64.8%	791,2 k €	+288%	-421,4 k €	-247%	286,8 k €	-79.3%	1,4 M €	-43.1%	2,4 M €	+501%	404,9 k €	-12.7%	464 k €	-39.0%	761,1 k €	-36.4%	1,2 M €	-33.4%	1,8 M €	-56.1%	4,1 M €	+247%	1,2 M €	+191%	-1,3 M €
Net result	-773,3 k €	-0.7%	-768 k €	+77.4%	-3,4 M €	-2681%	131,6 k €	-13.0%	151,2 k €	-72.0%	541 k €	+225%	-431,5 k €	-408%	140,1 k €	-84.9%	928,6 k €	-43.7%	1,6 M €	+398%	330,8 k €	-8.8%	362,8 k €	-40.6%	610,9 k €	-36.7%	965 k €	-24.8%	1,3 M €	-56.1%	2,9 M €	+153%	1,2 M €	+188%	-1,3 M €
Balance sheet
Equity	12,9 M €	-5.7%	13,6 M €	-5.3%	14,4 M €	-19.1%	17,8 M €	-2.0%	18,2 M €	-2.9%	18,7 M €	+1.3%	18,5 M €	-2.3%	18,9 M €	-0.3%	18,9 M €	+5.2%	18 M €	+10.1%	16,4 M €	+2.1%	16 M €	+2.3%	15,7 M €	+4.1%	15,1 M €	+6.8%	14,1 M €	+10.0%	12,8 M €	+29.6%	9,9 M €	+13.2%	8,7 M €
Total assets	20,6 M €	+2.2%	20,2 M €	-0.7%	20,3 M €	-16.5%	24,3 M €	+7.3%	22,7 M €	-9.5%	25,1 M €	+1.9%	24,6 M €	-8.1%	26,8 M €	+7.4%	24,9 M €	+5.0%	23,7 M €	+2.4%	23,2 M €	-10.0%	25,8 M €	+15.9%	22,2 M €	+4.2%	21,3 M €	+3.5%	20,6 M €	+4.2%	19,8 M €	+10.9%	17,9 M €	-7.9%	19,4 M €
Cash	51,3 k €	-76.0%	213,9 k €	+567%	32,1 k €	+15.9%	27,7 k €	+28.1%	21,6 k €	+468%	3,8 k €	-97.1%	133,1 k €	-74.2%	515 k €	+706%	63,9 k €	-77.9%	289,6 k €	+207%	94,4 k €	-64.1%	262,7 k €	+367%	56,2 k €	-91.4%	655,5 k €	+539%	102,5 k €	-93.2%	1,5 M €	+6.6%	1,4 M €	+405%	278,5 k €
Debts	7,8 M €	+18.6%	6,5 M €	+10.5%	5,9 M €	-9.5%	6,5 M €	+45.1%	4,5 M €	-28.8%	6,3 M €	+5.8%	6 M €	-23.5%	7,8 M €	+32.2%	5,9 M €	+4.7%	5,7 M €	-16.2%	6,8 M €	-30.4%	9,7 M €	+51.4%	6,4 M €	+2.6%	6,2 M €	-3.7%	6,5 M €	-6.5%	6,9 M €	-12.4%	7,9 M €	-25.3%	10,6 M €
Other
Workforce	94,9 ETP	-5.9%	100,8 ETP	-2.8%	103,7 ETP	-1.9%	105,7 ETP	-2.6%	108,5 ETP	-13.9%	126,0 ETP	-2.5%	129,2 ETP	+5.2%	122,8 ETP	+3.2%	119,0 ETP	-4.3%	124,4 ETP	-0.9%	125,5 ETP	-2.3%	128,5 ETP	+1.1%	127,1 ETP	+1.5%	125,2 ETP	-4.4%	130,9 ETP	+20.0%	109,1 ETP	+2.0%	107,0 ETP	-3.6%	111,0 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 31/12/2025 · 5 active · 54 ended

Active mandates

EUFIPAR

Director · since 20 juin 2025 · until 19 juin 2026 · 0456.375.102

Represented by Pierre Ragnet

Active

Yves Barbier

Director · since 05 mars 2025 · until 19 juin 2026

Active

Olivier DELAMEA

Managing director · since 01 septembre 2022 · until 19 juin 2026

Active

Emmanuel ALEXIS

Director · since 15 décembre 2020 · until 20 juin 2025

Active

Alex BONGRAIN

Director · since 18 avril 2007 · until 20 juin 2025

Active

Ended mandates

Yves BARBIER

Director · since 16 juin 2023 · until 28 juin 2024

Ended

Olivier DELAMEA

Managing director · since 01 septembre 2022 · until 28 juin 2024

Ended

Olivier DELAMEA

Managing director · since 01 septembre 2022 · until 20 juin 2025

Ended

Olivier DELAMÉa

Director · since 01 septembre 2022 · until 16 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
DEMPYO● Active	0428.493.144
E. BELAEN en Co● Active	0422.865.560
SAVENCIA FROMAGE & DAIRY BENELUX● Active	0406.658.741

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	22/07/2026	07/07/2025	11/07/2024	13/07/2023	25/07/2022	07/07/2021
General meeting	19/06/2026	20/06/2025	28/06/2024	16/06/2023	17/06/2022	18/06/2021
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
Full model	31/12/2025	19/06/2026	22/07/2026	French	PDF
Full model	31/12/2024	20/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	11/07/2024	French	PDF
Full model	31/12/2022	16/06/2023	13/07/2023	French	PDF
Full model	31/12/2021	17/06/2022	25/07/2022	French	PDF
Full model	31/12/2020	18/06/2021	07/07/2021	French	PDF
Full model	31/12/2019	08/09/2020	05/10/2020	French	PDF
Full model	31/12/2018	21/06/2019	07/10/2019	French	PDF
Full model	31/12/2017	15/06/2018	02/07/2018	French	PDF
Full model	31/12/2016	16/06/2017	06/07/2017	French	PDF
Full model	31/12/2015	17/06/2016	23/06/2016	French	PDF
Full model	31/12/2014	19/06/2015	01/07/2015	French	PDF
Full model	31/12/2013	20/06/2014	23/06/2014	French	PDF
Full model	31/12/2012	21/06/2013	26/06/2013	French	PDF
Full model	31/12/2011	15/06/2012	26/06/2012	French	PDF
Full model	31/12/2010	17/06/2011	27/06/2011	French	PDF
Full model	31/12/2009	18/06/2010	30/06/2010	French	PDF
Full model	31/12/2008	19/06/2009	08/07/2009	French	PDF
Full model	31/12/2007	20/06/2008	26/06/2008	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 31/12/2025 · 5 active · 54 ended

Active mandates

EUFIPAR

Director · since 20 juin 2025 · until 19 juin 2026 · 0456.375.102

Represented by Pierre Ragnet

Active

Yves Barbier

Director · since 05 mars 2025 · until 19 juin 2026

Active

Olivier DELAMEA

Managing director · since 01 septembre 2022 · until 19 juin 2026

Active

Emmanuel ALEXIS

Director · since 15 décembre 2020 · until 20 juin 2025

Active

Alex BONGRAIN

Director · since 18 avril 2007 · until 20 juin 2025

Active

Ended mandates

Yves BARBIER

Director · since 16 juin 2023 · until 28 juin 2024

Ended

Olivier DELAMEA

Managing director · since 01 septembre 2022 · until 28 juin 2024

Ended

Olivier DELAMEA

Managing director · since 01 septembre 2022 · until 20 juin 2025

Ended

Olivier DELAMÉa

Director · since 01 septembre 2022 · until 16 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2024
DEMISSIONS, NOMINATIONS
PDF
Other10/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates01/06/2023
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 2025-773,3 k €↓
2024
Annual accounts 2024-768 k €↑
2023
Annual accounts 2023-3,4 M €↓
2022
Annual accounts 2022131,6 k €↓
2021
Annual accounts 2021151,2 k €↓
2019
Annual accounts 2019541 k €↑
2018
Annual accounts 2018-431,5 k €↓
2017
Annual accounts 2017140,1 k €↓
2016
Annual accounts 2016928,6 k €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014330,8 k €↓
2013
Annual accounts 2013362,8 k €↓
2012
Annual accounts 2012610,9 k €↓
2011
Annual accounts 2011965 k €↓
2010
Annual accounts 20101,3 M €↓
2009
Annual accounts 20092,9 M €↑
2008
Annual accounts 20081,2 M €↑
2007
Annual accounts 2007-1,3 M €
19/04/2007
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

FROMUNION

Overview

What does FROMUNION 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