ACTIVE

FETBEL

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Financial year 2025 · Closed on 31/12/2025

Net result136,5 k €-59,8 %over 1 year

Gross margin-30,9 k €-10,8 %over 1 year

Equity28,8 M €+0,5 %over 1 year

Identity

Source · BCE/KBO

FETBEL is a Private limited company incorporated in 2007. Its registered office is in Forest.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0890.031.814
Incorporation: 13/06/2007
Legal form: Private limited company
Registered office: Avenue Van Volxem 302-304
1190 Forest · BruxellesSee on map
Contributed capital: 14 899 200,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-30,9 k €	-10.8%	-27,9 k €	+9.7%	-30,9 k €	-11.6%	-27,7 k €	-1.1%	-27,4 k €
EBITDA	-31,9 k €	+3.1%	-32,9 k €	+9.2%	-36,2 k €	+96.9%	-1,2 M €	-4159%	-27,4 k €
Operating result	-31,9 k €	+3.1%	-32,9 k €	+9.2%	-36,2 k €	-23.0%	-29,4 k €	+87.1%	-227,4 k €
Net result	136,5 k €	-59.8%	339,3 k €	-59.7%	840,9 k €	+629%	115,3 k €	+37.3%	84 k €
Balance sheet
Equity	28,8 M €	+0.5%	28,6 M €	+1.2%	28,3 M €	+2.1%	27,7 M €	+0.4%	27,6 M €
Total assets	29 M €	+0.0%	29 M €	+2.6%	28,3 M €	-7.4%	30,6 M €	+0.4%	30,4 M €
Cash	226,3 k €	-62.8%	608,6 k €	-18.2%	744,2 k €	-45.2%	1,4 M €	-12.7%	1,6 M €
Debts	276 k €	-32.6%	409,7 k €	+2214%	17,7 k €	-99.4%	2,9 M €	+0.2%	2,9 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thierry HERMANS	Directorsince 25/09/2017Administrator - manager25/09/2017 → 2019 accountsendedManager11/06/2007 → 20/11/2015ended
Carlos HENRIQUES DA SILVA	Directorsince 24/06/2014

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christian FRANCOIS	Manager18/03/2015 → 15/12/2017
Carlos DA SILVA	Administrator - manager24/06/2014 → 2019 accountsManager24/06/2014 → 2018 accounts

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Full financial information

Source · NBB

	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	31/08/2026	29/08/2025	29/08/2024	30/08/2023	30/08/2022	31/08/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	18/05/2023	19/05/2022	20/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/05/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	15/05/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	16/05/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	18/05/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	19/05/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	20/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	22/05/2020	30/10/2020	French	PDF
Abridged modelCorrection	31/12/2018	16/05/2019	04/09/2019	French	PDF
Abridged model	31/12/2018	16/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	18/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	19/05/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	16/07/2014	French	PDF
Abridged model	31/12/2012	16/05/2013	23/07/2013	French	PDF
Abridged model	31/12/2011	17/05/2012	20/06/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	22/08/2011	French	PDF
Abridged model	31/12/2009	27/05/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	23/07/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	15/05/2008	30/07/2008	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thierry HERMANS	Directorsince 25/09/2017Administrator - manager25/09/2017 → 2019 accountsendedManager11/06/2007 → 20/11/2015ended
Carlos HENRIQUES DA SILVA	Directorsince 24/06/2014

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christian FRANCOIS	Manager18/03/2015 → 15/12/2017
Carlos DA SILVA	Administrator - manager24/06/2014 → 2019 accountsManager24/06/2014 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates01/12/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates11/12/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates19/11/2015
DEMISSIONS, NOMINATIONS
PDF
Registered office14/07/2015
SIEGE SOCIAL
PDF
Mandates09/10/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2014
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Thierry HERMANS

Carlos HENRIQUES DA SILVA

Christian FRANCOIS

Carlos DA SILVA

Jean-Marc Durbecq

Jean-Marc Durbeck

Salim Bourekba

Serge Krancenblum

Boudewyn Denys

Grégory Guissard

20072008200920102011201220132014201520162017201820192020202120222023202420252026

FETBEL

Avenue Van Volxem 302-304, 1190 ForestAvenue Van Volxem 302-4, 1190 Forest

DirectorAdministrator - managerManager

Director

Manager

Administrator - managerManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Van Volxem 302-304, 1190 ForestCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00490674
Avenue Van Volxem 302-4, 1190 Forest	accounts 2021 → 2023	Accounts 2023 · 2024-00418263

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FETBELCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00490674

Events

2025
Annual accounts 2025136,5 k €↓
2024
Annual accounts 2024339,3 k €↓
2023
Annual accounts 2023840,9 k €↑
2022
Annual accounts 2022115,3 k €↑
2021
Annual accounts 202184 k €↓
2020
Annual accounts 2020100,4 k €↓
2019
Annual accounts 2019982,2 k €↑
2018
Annual accounts 2018-531,5 k €↓
2017
Annual accounts 2017-83,6 k €↑
2016
Annual accounts 2016-258,9 k €↓
2015
Annual accounts 20152,3 M €↑
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 2013813,7 k €↑
2012
Annual accounts 2012732,3 k €↓
2011
Annual accounts 20111,5 M €↓
2010
Annual accounts 20108,1 M €↑
2009
Annual accounts 2009214,9 k €↓
2008
Annual accounts 2008415,4 k €↑
2007
Annual accounts 2007152,6 k €
13/06/2007
IncorporationPrivate limited company

FETBEL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events