ACTIVE

FAGRON

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Financial year 2025 · closed on 31/12/2025

Net result

50 M €

+47.0% YoY

Equity

573,3 M €

+5.3% YoY

Workforce

4,3 ETP

-8.5% YoY

What does FAGRON do?

FAGRON is a Public limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Nazareth-De Pinte. It employs on average 4,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.535.026

Incorporation

03/07/2007

Legal form

Public limited company

Registered office

Venecoweg 20A
9810 Nazareth-De Pinte · FlandreSee on map

Contributed capital

519 395 421,68 €

Latest accounts

31/12/2025

Average workforce

4,3 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65231Reinsurance 74151Specialised design activities

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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
EBITDA	-3,4 M €	-107%	-1,7 M €	-25.5%	-1,3 M €	+7.1%	-1,4 M €	-32.9%	-1,1 M €	-220%	894,9 k €	+221%	-738,1 k €	-0.8%	-732,4 k €	-13.4%	-645,8 k €	-163%	1 M €	-69.9%	3,4 M €	+36.1%	2,5 M €	+204%	-2,4 M €	+67.9%	-7,4 M €	-1520%	-458,7 k €	+22.2%	-589,5 k €	-682%	-75,4 k €	+89.9%	-749,9 k €	+80.1%	-3,8 M €
Operating result	-3,4 M €	-106%	-1,7 M €	-25.5%	-1,3 M €	+7.1%	-1,4 M €	-32.9%	-1,1 M €	-220%	894,4 k €	+221%	-741,4 k €	+0.4%	-744,6 k €	-10.4%	-674,2 k €	-170%	969,8 k €	-71.4%	3,4 M €	+36.1%	2,5 M €	+204%	-2,4 M €	+68.0%	-7,5 M €	-1431%	-487,3 k €	+21.1%	-618 k €	-495%	-103,8 k €	+86.7%	-778,2 k €	+79.4%	-3,8 M €
Net result	50 M €	+47.0%	34 M €	+150%	13,6 M €	+427%	2,6 M €	-92.6%	34,8 M €	+920%	3,4 M €	-90.2%	34,9 M €	+131%	15,1 M €	+1282%	1,1 M €	-82.5%	6,3 M €	+106%	-108,4 M €	-355%	42,5 M €	+32.0%	32,2 M €	+47.7%	21,8 M €	+51.2%	14,4 M €	-15.9%	17,2 M €	+38.6%	12,4 M €	-7.4%	13,4 M €	+134%	5,7 M €
Balance sheet
Equity	573,3 M €	+5.3%	544,3 M €	+1.6%	535,8 M €	-0.9%	540,9 M €	-2.7%	556 M €	+5.1%	529 M €	-1.1%	534,7 M €	+6.3%	503,2 M €	+1.3%	496,7 M €	-1.2%	502,8 M €	+81.4%	277,2 M €	-22.9%	359,5 M €	+3.5%	347,4 M €	+3.2%	336,6 M €	+1.0%	333,1 M €	-0.1%	333,5 M €	+1.2%	329,5 M €	+0.5%	328 M €	+1.3%	323,7 M €
Total assets	606 M €	+5.9%	572,4 M €	-5.6%	606,6 M €	-0.2%	607,7 M €	-12.1%	691,1 M €	-4.3%	722 M €	-0.3%	723,8 M €	+0.1%	723,2 M €	-22.0%	927,4 M €	+8.3%	856,6 M €	+57.2%	544,8 M €	-14.4%	636,7 M €	+10.6%	575,5 M €	+12.3%	512,5 M €	+3.5%	495 M €	-3.7%	514,3 M €	+6.6%	482,6 M €	+5.0%	459,8 M €	+15.5%	398 M €
Cash	17 M €	+320%	4 M €	-39.3%	6,7 M €	-67.7%	20,6 M €	-55.0%	45,7 M €	-16.4%	54,7 M €	+184%	19,3 M €	-31.7%	28,3 M €	-10.0%	31,4 M €	+31.8%	23,8 M €	-27.7%	32,9 M €	+106%	16 M €	-68.2%	50,2 M €	+22167%	225,5 k €	-98.1%	11,9 M €	-51.3%	24,3 M €	-12.8%	27,9 M €	+602526%	4,6 k €	-26.3%	6,3 k €
Debts	31,7 M €	+16.3%	27,2 M €	-61.3%	70,4 M €	+5.8%	66,5 M €	-50.7%	135 M €	-29.7%	192,1 M €	+2.0%	188,3 M €	-13.9%	218,8 M €	-48.9%	428,3 M €	+21.9%	351,4 M €	+33.0%	264,2 M €	-2.1%	269,8 M €	+23.2%	219 M €	+29.4%	169,2 M €	+4.7%	161,6 M €	-10.5%	180,6 M €	+18.1%	153 M €	+18.7%	128,9 M €	+74.9%	73,7 M €
Other
Workforce	4,3 ETP	-8.5%	4,7 ETP	-11.3%	5,3 ETP	+47.2%	3,6 ETP	+260%	1,0 ETP	-33.3%	1,5 ETP	-16.7%	1,8 ETP	+38.5%	1,3 ETP	-78.0%	5,9 ETP	-41.6%	10,1 ETP		–		1,0 ETP	-56.5%	2,3 ETP	-23.3%	3,0 ETP	+87.5%	1,6 ETP	+60.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 97 ended

Active mandates

Philip Klecka

Director · since 01 décembre 2025 · until 10 mai 2027

Active

Ira Bindra

Director · since 01 octobre 2025 · until 11 mai 2026

Active

Ann Desender

Director · since 12 mai 2025 · until 14 mai 2029 · 1011.522.433

Represented by Ann Desender

Active

Robert Ten Hoedt

Director · since 13 mai 2024 · until 08 mai 2028

Active

Ahok

Chairman of the board of directors · since 08 mai 2023 · until 10 mai 2027 · 0457.927.595

Represented by Koen Hoffman

Active

Els Vandecandelaere LLC

Director · since 08 mai 2023 · until 30 septembre 2025

Represented by Els Vandecandelaere

Active

Klaus Röhrig

Director · since 08 mai 2023 · until 30 novembre 2025

Active

Cornelia de Jong

Director · since 09 mai 2022 · until 11 mai 2026

Active

Neeraj Sharma

Director · since 09 mai 2022 · until 11 mai 2026

Active

Rafael Padilla

Managing director · since 09 mai 2022 · until 11 mai 2026

Active

Ended mandates

Els Vandecandelaere LLC

Director · since 08 mai 2023 · until 10 mai 2027

Represented by Els Vandecandelaere

Ended

Klaus Röhrig

Director · since 08 mai 2023 · until 10 mai 2027

Ended

Els Vandecandelaere LLC BO

Director · since 02 août 2022 · until 08 mai 2023

Represented by Els Vandecandelaere

Ended

Ann Desender

Director · since 09 mai 2022 · until 11 mai 2026

Ended

At this address

Other companies at this address

Company	CBE no.
ABC DENTAL AND PHARMACEUTICAL CONSULTANCY● Active	0442.286.247
FAGRON BELGIUM● Active	0403.767.052
FAGRON CAPITAL● Active	0471.941.919
INFINITY PHARMA● Active	0416.616.681

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	08/06/2026	26/05/2025	12/06/2024	02/06/2023	07/06/2022	31/05/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021
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

38 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/05/2026	08/06/2026	Dutch	PDF
m120-f-p	31/12/2025	11/05/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	12/05/2025	26/05/2025	Dutch	PDF
m120-f-p	31/12/2024	12/05/2025	22/05/2025	Dutch	PDF
Full model	31/12/2023	13/05/2024	12/06/2024	Dutch	PDF
m120-f-p	31/12/2023	13/05/2024	14/06/2024	Dutch	PDF
Full model	31/12/2022	08/05/2023	02/06/2023	Dutch	PDF
m120-f-p	31/12/2022	08/05/2023	05/06/2023	Dutch	PDF
Full model	31/12/2021	09/05/2022	07/06/2022	Dutch	PDF
m120-f-p	31/12/2021	09/05/2022	03/06/2022	Dutch	PDF
Full model	31/12/2020	10/05/2021	31/05/2021	Dutch	PDF
m120-f-p	31/12/2020	10/05/2021	25/05/2021	Dutch	PDF
Full model	31/12/2019	11/05/2020	24/05/2020	Dutch	PDF
m120-f-p	31/12/2019	11/05/2020	25/05/2020	Dutch	PDF
Full model	31/12/2018	13/05/2019	28/05/2019	Dutch	PDF
m120-f-p	31/12/2018	13/05/2019	28/05/2019	Dutch	PDF
Full model	31/12/2017	14/05/2018	24/05/2018	Dutch	PDF
m120-f-p	31/12/2017	14/05/2018	28/05/2018	Dutch	PDF
Full model	31/12/2016	08/05/2017	22/05/2017	Dutch	PDF
m120-f-p	31/12/2016	08/05/2017	23/05/2017	Dutch	PDF
Full model	31/12/2015	09/05/2016	29/05/2016	Dutch	PDF
m120-f-p	31/12/2015	09/05/2016	30/05/2016	Dutch	PDF
Full model	31/12/2014	11/05/2015	31/05/2015	Dutch	PDF
m120-f-p	31/12/2014	11/05/2015	09/06/2015	Dutch	PDF

View all 38 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 · 10 active · 97 ended

Active mandates

Philip Klecka

Director · since 01 décembre 2025 · until 10 mai 2027

Active

Ira Bindra

Director · since 01 octobre 2025 · until 11 mai 2026

Active

Ann Desender

Director · since 12 mai 2025 · until 14 mai 2029 · 1011.522.433

Represented by Ann Desender

Active

Robert Ten Hoedt

Director · since 13 mai 2024 · until 08 mai 2028

Active

Ahok

Chairman of the board of directors · since 08 mai 2023 · until 10 mai 2027 · 0457.927.595

Represented by Koen Hoffman

Active

Els Vandecandelaere LLC

Director · since 08 mai 2023 · until 30 septembre 2025

Represented by Els Vandecandelaere

Active

Klaus Röhrig

Director · since 08 mai 2023 · until 30 novembre 2025

Active

Cornelia de Jong

Director · since 09 mai 2022 · until 11 mai 2026

Active

Neeraj Sharma

Director · since 09 mai 2022 · until 11 mai 2026

Active

Rafael Padilla

Managing director · since 09 mai 2022 · until 11 mai 2026

Active

Ended mandates

Els Vandecandelaere LLC

Director · since 08 mai 2023 · until 10 mai 2027

Represented by Els Vandecandelaere

Ended

Klaus Röhrig

Director · since 08 mai 2023 · until 10 mai 2027

Ended

Els Vandecandelaere LLC BO

Director · since 02 août 2022 · until 08 mai 2023

Represented by Els Vandecandelaere

Ended

Ann Desender

Director · since 09 mai 2022 · until 11 mai 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/04/2026
KAPITAAL - AANDELEN
PDF
Mandates06/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/10/2025
KAPITAAL - AANDELEN
PDF
Capital / shares13/06/2025
KAPITAAL - AANDELEN
PDF
Mandates14/10/2024
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Capital / shares19/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates30/10/2023
ONTSLAGEN - BENOEMINGEN
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

11/05/2026
reconductionNeeraj Sharma — onafhankelijk bestuurder
11/05/2026
reconductionIra Bindra — onafhankelijk bestuurder
11/05/2026
reconductionRafael Padilla — uitvoerend bestuurder
11/05/2026
reconductionKarin de Jong — uitvoerend bestuurder
31/03/2026
augmentation_capital
2025
Annual accounts 202550 M €↑
01/12/2025
nominationPhilipp Klecka — niet-uitvoerend bestuurder
01/12/2025
nominationPhilipp Klecka — afhankelijke bestuurder
01/10/2025
nominationIra Bindra — niet-uitvoerend onafhankelijk bestuurder
01/10/2025
nominationIra Bindra — onafhankelijke bestuurder
29/09/2025
augmentation_capital
06/06/2025
augmentation_capital
12/05/2025
nominationLien Winne — commissaris
12/05/2025
nominationAnn Desender — onafhankelijk niet-uitvoerend bestuurder
2024
Annual accounts 202434 M €↑
13/05/2024
reconductionRobert ten Hoedt — onafhankelijk, niet-uitvoerend bestuurder
2023
Annual accounts 202313,6 M €↑
08/05/2023
nominationEis Vandecandelaere LLC — bestuurder
08/05/2023
nominationKlaus Röhrig — afhankelijk niet-uitvoerend bestuurder
08/05/2023
reconductionKoen Hoffman — onafhankelijk niet-uitvoerend bestuurder
02/05/2023
augmentation_capital
2022
Annual accounts 20222,6 M €↓
02/08/2022
nominationEls Vandecandelaere LLC — bestuurder en gedelegeerd bestuurder
02/08/2022
nominationAnn Desender — voorzitter van het Auditcomité
10/06/2022
augmentation_capital
09/05/2022
reconductionIne Nuyts — Commissaris
09/05/2022
reconductionRafael Padilla — uitvoerend bestuurder
09/05/2022
reconductionCornelia de Jong — uitvoerend bestuurder
09/05/2022
reconductionVeerle Deprez — onafhankelijk niet-uitvoerend bestuurder
09/05/2022
nominationVera Bakker — onafhankelijk niet-uitvoerend bestuurder
09/05/2022
nominationNeeraj Sharma — onafhankelijk niet-uitvoerend bestuurder
09/05/2022
nominationAnn Desender — onafhankelijk niet-uitvoerend bestuurder
2021
Annual accounts 202134,8 M €↑
2020
Annual accounts 20203,4 M €↓
2019
Annual accounts 201934,9 M €↑
2018
Annual accounts 201815,1 M €↑
2017
Annual accounts 20171,1 M €↓
2016
Annual accounts 20166,3 M €↑
2015
Annual accounts 2015-108,4 M €↓
2014
Annual accounts 201442,5 M €↑
2013
Annual accounts 201332,2 M €↑
2012
Annual accounts 201221,8 M €↑
2011
Annual accounts 201114,4 M €↓
2010
Annual accounts 201017,2 M €↑
2009
Annual accounts 200912,4 M €↓
2008
Annual accounts 200813,4 M €↑
2007
Annual accounts 20075,7 M €
03/07/2007
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

FAGRON

Overview

What does FAGRON 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