Equity
€501.3m ▲ 104%
FN Browning Group has made a profit without a break since 2014.
FN Browning Group
Lifetime
17 annual accounts with figures on one time axis, 34 filings since 1992Balance sheet totalpeak €689.0m (2025)
€689.0m▲ 117%
Resultlowest -€1.9m (2012)
€180.5m▲ 765%
Equitypeak €501.3m (2025)
€501.3m▲ 104%
Debts
€187.8m▲ 160%
Staffpeak 29.3 FTE (2025)
29.3 FTE▲ 23.6%
Board36 names since 2002all names
12 directorsOlivier VANDERIJST and 11 others
Owners3 names in the annual accounts
100%Wallonie Entreprendre
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Turnover from €16.2m to €18.3mResult from €20.9m to €180.5mStaff from 23.7 FTE to 29.3 FTEAppointment: Lionel BLANCHARD (director) 04-09Capital increase of €100,000,000 to €302,127,276 06-06Dividend €25.0m
Key points
from the 2025 annual accountsResult
€180.5m ▲ 765%
The result rose in 2025 from €20.9m to €180.5m.
Debts
€187.8m ▲ 160%
Debts rose by €115.6m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Securities
€470.0m
Guarantees given for others' debts, new in 2025. 93.8% of equity · not in the 2024 accounts.
Payment terms
91 days to suppliers
FN Browning Group pays its suppliers 48 days earlier than in 2024. Customers pay 303 days later.
Position in the sector
€180.5m
Higher net result than 95% of companies in financial services. Sector median €104,299 · 3,037 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the modelEquity +104%: capital increaseStandalone figures, without subsidiaries
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
2 signals, none raises the risk
Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €501.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
39 days early
2024
31 days early
2023
48 days early
2022
35 days early
2021
47 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 40 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
JC
Julien COMPÈRE
Managing director
- Wallonie Entreprendre 100%equity €4.98bn (2025) · annual accounts 2025
Shares in 10 companies, including BROWNING and FN HERSTAL
Board & ownershipRecent changes
Appointment: Lionel BLANCHARD (director)
Resignation: Laurent BURTON (director) · General meeting of 03-06-2025 · Gazette deed
Capital increase of €100,000,000 to €302,127,276
Capital from €202,127,276 to €302,127,276, 4,033,884 new shares · WALLONIE ENTREPRENDRE is a shareholder · General meeting of 03-06-2025 · Gazette deed
Appointment: PWC Reviseurs d'Entreprises (statutory auditor)
General meeting of 04-06-2024 · Gazette deed
Company renamed from HERSTAL S.A. to FN Browning Group
General meeting of 14-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| FN Browning Group Herstal | €18.3m | 1.0% | 72.8% | 29.3 |
| De Cronos Groep Kontich | €37.1m | -34.5% | 11.0% | 38.7 |
| Drylock Technologies Zele | €14.1m | 25.4% | 81.9% | 52.5 |
| SOUDAL HOLDING Turnhout | €7.8m | 37.9% | 37.6% | 21.9 |
| Jensen Group Wetteren | €29.5m | 1.5% | 76.1% | 23.2 |
| SARENS BESTUUR Meise | €29.2m | 17.2% | 18.6% | 68.8 |
| Gimv Antwerp | €8.6m | - | 71.3% | 32.6 |
Grey: the largest companies of the sector (financial services (NACE 64)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as FN Browning Group: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €213m and €1.9bn, founded between 1980 and 2003.
Official details
Source: KBO- Status
- Active since 03-06-1991Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Activities of holding companiesNACE 64210and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.054.161.1794040 Herstal, since 13-09-1991
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Total assets
- €689.0m▲ 117%
- Employeeson 31-12-2025
- 33▲ 22.2%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Companies linked to FN Browning Group
Subsidiaries and holdings
Insights on FN Browning Group
FN Browning Group has existed since 1991. The present size dates from 2025. The balance sheet total rose that year from €317.9m to €689.0m.
Wallonie Entreprendre holds all the shares. In 2023, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FN Browning Group
- What is the company number of FN Browning Group?
- The company number of FN Browning Group is 0444.340.370. The VAT number is the same number with BE in front: BE 0444.340.370.
- Where is FN Browning Group based?
- The registered office is at Voie de Liège 33, 4040 Herstal.Company details
- What does FN Browning Group do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of FN Browning Group?
- FN Browning Group is a public limited company (NV).
- When was FN Browning Group founded?
- FN Browning Group was founded on 03-06-1991.
- Is FN Browning Group still active?
- Yes, FN Browning Group is an active enterprise in the KBO register.
- How many employees does FN Browning Group have?
- FN Browning Group had an average of 29.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FN Browning Group fall under?
- In its 2022 annual accounts, FN Browning Group states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of FN Browning Group?
- The turnover of FN Browning Group was €18.3m in financial year 2025, according to the filed annual accounts.
- Is FN Browning Group profitable?
- In financial year 2025, FN Browning Group made a profit of €180.5m.
- Where can I find the annual accounts of FN Browning Group?
- FN Browning Group filed 69 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FN Browning Group due?
- FN Browning Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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