FENCER (0748.445.862): financials and annual accounts

FENCER

Brussels ·KBO/BCE: BE 0748.445.862

Line	2025	2024	2023	2022	2021
Balance sheet: assets
`20/58`	2.6m	2.5m	1.6m	996,554	967,873
`21/28`	268,544	283,588	255,469	22,758	31,430
`21`	1,679	2,983	4,386	3,826	2,805
`22/27`	266,839	280,579	251,058	18,907	28,601
`23`	23,399	8,595	5,571	17,721	27,268
`24`	30,952	34,978	22,634	1,186	1,333
`26`	212,488	237,006	222,852	-	-
`28`	25	25	25	25	25
`29/58`	2.3m	2.3m	1.3m	973,795	936,443
`40/41`	1.5m	1.4m	1.2m	810,471	677,256
`40`	1.4m	1.3m	1.1m	783,636	652,367
`41`	50,356	38,394	33,149	26,835	24,889
`54/58`	858,024	858,545	144,684	138,082	242,340
`490/1`	39,165	30,218	34,993	25,243	16,848
Balance sheet: equity and liabilities
`10/49`	2.6m	2.5m	1.6m	996,554	967,873
`10/15`	72,095	71,726	70,883	70,377	70,001
`10/11`	20,000	20,000	20,000	20,000	20,000
`14`	52,095	51,726	50,883	50,377	50,001
`17/49`	2.5m	2.5m	1.5m	926,176	897,872
`17`	182,474	222,758	196,731	0	100,000
`170/4`	182,474	222,758	196,731	0	100,000
`42/48`	1.8m	1.5m	1.3m	924,676	777,066
`42`	40,284	38,646	34,055	-	-
`44`	759,742	554,870	459,595	387,473	92,367
`440/4`	759,742	554,870	459,595	387,473	92,367
`45`	55,324	64,001	79,144	47,204	20,699
`450/3`	16,374	34,417	60,158	34,289	12,710
`454/9`	38,950	29,583	18,987	12,915	7,988
`47/48`	941,090	868,770	750,875	490,000	664,000
`492/3`	566,157	726,266	0	1,500	20,806
Income statement
`9900`	1.4m	1.1m	883,651	538,281	736,552
`62`	356,542	259,990	169,666	112,204	75,087
`630`	42,834	37,794	22,114	15,257	14,006
`631/4`	18,360	17,574	11,055	-	-
`640/8`	21,280	19,017	17,167	10,525	12,686
`9901`	956,608	798,318	663,649	400,295	634,773
`75/76B`	19,480	3,285	2,503	392	273
`75`	19,480	3,285	2,503	392	273
`65/66B`	22,057	24,722	10,476	6,913	8,335
`65`	22,057	24,722	10,476	6,913	8,335
`9903`	954,032	776,881	655,676	393,773	626,712
`67/77`	12,573	7,268	4,295	3,398	12,710
`9904`	941,459	769,613	651,381	390,376	614,001
`9905`	941,459	769,613	651,381	390,376	614,001
Appropriation of the result
`9906`	993,185	820,496	701,758	440,377	614,001
`14P`	51,726	50,883	50,377	50,001	-
`694/7`	941,090	768,770	650,875	390,000	564,000
`695`	933,000	762,500	647,500	388,000	564,000
`696`	8,090	6,270	3,375	2,000	-
Social balance sheet
`9087`	4.8	3.6	2.4	1.6	1.1
Hours worked`1013`	7,865	6,028	3,981	2,667	1,908
Document	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	09-06-2026	2026-00146555	PDF
31-12-2024	abbreviated format	03-06-2025	2025-00115789	PDF
31-12-2023	abbreviated format	10-06-2024	2024-00117739	PDF
31-12-2022	abbreviated format	26-06-2023	2023-00155074	PDF
31-12-2021	abbreviated format	28-06-2022	2022-20099098	PDF

2025	2024	2023	2022	2021
999,442	836,112	685,763	415,552	648,779
984,293	807,407	673,495	405,633	628,007
27,790	65,912	254,825	6,585	45,436
-521	713,861	6,602	-104,258	-
552,182	737,162	12,144	49,119	159,377
2.8%	2.8%	4.5%	7.1%	7.2%
1.31	1.48	1.01	1.05	1.21
35.30	34.51	21.45	13.16	12.83
-	-	919.0%	554.7%	877.1%
36.0%	30.2%	40.9%	39.2%	63.4%
45.31	33.82	65.46	60.11	77.84

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	5	5	4	2	1
full-time	4	3	3	2	1
part-time	1	2	1	0	0
in full-time equivalents	4.8	4	3.2	2	1
	4.8	3.6	2.4	1.6	1.1
On a permanent contract	5	4	3	2	1
Joined	5	3	3	1	2
Left	5	2	1	0	1

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€27,790	€65,912	€252,939	€4,837	€42,030
Intangible fixed assets	-	-	€1,886	€1,748	€3,381
Financial fixed assets	€0	-	-	-	€25
	€42,834	€37,794	€22,114	€15,257	€14,006

FENCER

Annual accounts 2025

Balance sheet

in euro

in euro

Position in the sector

2.8%

1.31

36.0%

Staff

€74,280

level

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on FENCER

Next steps

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency2.8%

Current ratio1.31

Return on assets36.0%

Staff

Staff cost per FTE€74,280

Joined and leftlevel

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on FENCER

Next steps

in euro

in euro

2.8%

1.31

36.0%

€74,280

level