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ORSA FUND

Active Risk: not assessed
Public limited companyfounded 1983active for 42 yearsMarche,Rue de la Plaine 11, 6900 Marche-en-Famenne, BelgiumKBO/BCE: BE 0424.971.945
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Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
31-08
Gazette deed Company renamed from INVESTSUD to ORSA FUND
Power of attorney5 points ▸
  • General meeting, “assemblée générale extraordinaire” (deed in French)
  • Name change, ORSA FUND
  • Power of attorney
  • Power of attorney, Chantal BURON
  • Other provision, “frais, dépenses, rémunérations et charges”, 1172.09 (deed in French)

Open the act in the Belgian Official Gazette

08-04
NBB filing Annual accounts 2025 filedPDF
full format · 114 days before the deadline
2025
31-12
Financial Back to profitnet €3.4m
The net result is €3.4m, after one loss-making year.
10-11
Gazette deed Resignation: Magotteaux International SA (director)
1 point ▸
  • Director resignation, Magotteaux International SA (director)

Open the act in the Belgian Official Gazette

24-04
Gazette deed 3 directors appointed, 1 director resigning
Appointments: 2C&B, RSM Interaudit and Emmanuel SCHELLKENS · Resignation: Financière du Sud-Est (director)5 points ▸
  • General meeting, 25-03-2025
  • Auditor appointment, 2C&B (statutory auditor)
  • Auditor appointment, RSM Interaudit (statutory auditor)
  • Director resignation, Financière du Sud-Est (director)
  • Director appointment, Emmanuel SCHELLKENS (director)

Open the act in the Belgian Official Gazette

31-03
NBB filing Annual accounts 2024 filedPDF
full format · 122 days before the deadline
2024
12-11
Gazette deed Resignation: Marc Simonis (director)
Appointment: Emmanuel Schellekens (director)3 points ▸
  • Board meeting, 13-06-2024
  • Director resignation, Marc Simonis (director)
  • Director appointment, Emmanuel Schellekens (director), mentioned 2 times in the deed

Open the act in the Belgian Official Gazette

13-05
Gazette deed Appointments: Laurence Calozet, Françoise Jolly-de Vaucleroy and 8 others
11 points ▸
  • General meeting, 23-03-2023
  • Director appointment, Laurence Calozet (director)
  • Director appointment, Françoise Jolly-de Vaucleroy (director)
  • Director appointment, Vincent Berghmans (director)
  • Director appointment, Pierre Bernes (director)
  • Director appointment, Benoit Coppée (director)
  • Director appointment, Olivier Masson (director)
  • Director appointment, Laurent Levaux (director)
  • Director appointment, Magotteaux International SA (director)
  • Director appointment, FSE SA (director)
  • Director appointment, H.Fruytier Finance SCA (director)

Open the act in the Belgian Official Gazette

10-04
NBB filing Annual accounts 2023 filedPDF
full format · 112 days before the deadline
18-03
Gazette deed Appointments: Fabian COLLARD, Jacques DEFER and Xavier GOEBELS
5 points ▸
  • General meeting, 21-12-2023
  • Director appointment, Fabian COLLARD (class B director)
  • Director appointment, Jacques DEFER (class B director)
  • Director appointment, Xavier GOEBELS (class B director)
  • Other provision, 21-12-2023, “expiration mandats administrateurs catégorie B” (deed in French)

Open the act in the Belgian Official Gazette

11-01
Gazette deed Amendment of the articles · Miscellaneous
Registered office clause · Capital · Shareholding7 points ▸
  • General meeting, 22-12-2023
  • Amendment of the articles, mentioned 2 times in the deed
  • Registered office clause, “sortir adresse exacte du siège des statuts, 6900 Marche-en-Famenne, rue de la Plaine”, 11 (deed in French)
  • Capital, €14,000,000
  • LA FINANCIÈRE DU SUD-EST holds 14,800 shares
  • WALLONIE ENTREPRENDRE holds 5,200 shares
  • Power of attorney

Open the act in the Belgian Official Gazette

2023
31-12
Financial Back to profitnet €304,316
The net result is €304,316, after one loss-making year.
Show earlier events
17-10
Gazette deed Powers of attorney: Philippe DEGIVE, Stéphane DANTINNE and Y. THOMAS
7 points ▸
  • Board meeting, 21-09-2023
  • Other provision, “simple production délibération, remplacement pouvoirs gestion” (deed in French)
  • Power of attorney, Philippe DEGIVE (directeur général)
  • Power of attorney, Stéphane DANTINNE (director (executive))
  • Power of attorney, Philippe DEGIVE, mentioned 20 times in the deed
  • Power of attorney, Stéphane DANTINNE, mentioned 20 times in the deed
  • Power of attorney, Y. THOMAS

Open the act in the Belgian Official Gazette

26-04
NBB filing Annual accounts 2022 filedPDF
full format · 96 days before the deadline
21-02
Gazette deed 3 directors resigning
Resignations: Benoît PITANCE (director) and Investsud (managing director) · Permanent representatives: Stéphane DANTINNE, Pierre DETRIXHE and Gilles KOESTEL · Appointment: Stéphane DANTINNE (directeur des filiales en charge de la gestion journalière)11 points ▸
  • Board meeting, 10-11-2022
  • Other provision, “soit individuellement,soit conjointement comme précisé ci-après, simple production de la délibération du conseil” (deed in French)
  • Director resignation, Benoît PITANCE
  • Power of attorney, Stéphane DANTINNE (director (executive))
  • Power of attorney, Stéphane DANTINNE, mentioned 19 times in the deed
  • Power of attorney
  • Permanent representative, Stéphane DANTINNE (representative)
  • Director resignation, Investsud (managing director), mentioned 2 times in the deed
  • Permanent representative, Pierre DETRIXHE
  • Permanent representative, Gilles KOESTEL
  • Director appointment, Stéphane DANTINNE (directeur des filiales en charge de la gestion journalière)

Open the act in the Belgian Official Gazette

2022
31-12
Financial Weakest financial yearnet -€845,894
The net result drops to -€845,894, the lowest from 2018 to 2025. It recovers the following year.
31-12
Financial Liquidity more than 18 timescurrent ratio 79.06
The current ratio rises from 4.33 to 79.06. Short-term debt falls from €10.9m to €457,464.
06-12
Gazette deed 1 director appointed, 1 director resigning
Appointment: SRL Caleo (director) · Permanent representatives: Fabrice Heughebaert, Sébastien Dossogne and 2 others · Resignation: SPRL Sediam (director)9 points ▸
  • Board meeting, 22-09-2022
  • Director appointment, SRL Caleo (director)
  • Permanent representative, Fabrice Heughebaert (representative)
  • Director resignation, SPRL Sediam (director)
  • Permanent representative, Sébastien Dossogne (representative)
  • Permanent representative, Christophe Fruytier
  • Permanent representative, Herman Fruytier
  • Director in office, SCA HF Finances (director)
  • General meeting, “prochaine assemblée générale, ratification des cooptations-nominations” (deed in French)

Open the act in the Belgian Official Gazette

28-04
Gazette deed Appointments: 2C&B (statutory auditor) and RSM Interaudit (statutory auditor)
5 points ▸
  • General meeting, 22-03-2022
  • Auditor appointment, 2C&B (statutory auditor)
  • Auditor appointment, RSM Interaudit (statutory auditor)
  • Other provision, “confirmation pour registre UBO de fin de mandat d'administrateur”, 24-03-2015 (deed in French)
  • Other provision, “confirmation pour registre UBO de fin de mandat d'administrateur”, 23-03-2010 (deed in French)

Open the act in the Belgian Official Gazette

28-03
NBB filing Annual accounts 2021 filedPDF
full format · 125 days before the deadline
2021
07-05
Gazette deed 1 director appointed, 2 directors resigning
Resignations: Pierre Gustin (director) and Charles Van Wymeersch (director) · Appointment: Olivier MASSON (director) · Director discharge7 points ▸
  • General meeting, 23-03-2021
  • Director resignation, Pierre Gustin (director)
  • Director resignation, Charles Van Wymeersch (director)
  • Director discharge, Pierre Gustin
  • Director discharge, Charles Van Wymeersch
  • Director appointment, Olivier MASSON (director)
  • Mandate compensation, Olivier MASSON

Open the act in the Belgian Official Gazette

30-03
NBB filing Annual accounts 2020 filedPDF
full format · 123 days before the deadline
2020
31-12
Financial Liquidity more than 6 timescurrent ratio 58.65
The current ratio rises from 8.39 to 58.65. Short-term debt falls from €5.7m to €755,927.
02-06
Gazette deed Appointments: Benoit Coppée, Laurence Calozet and 2 others
Power of attorney8 points ▸
  • Board meeting, 12-05-2020
  • Director appointment, Benoit Coppée (président du conseil)
  • Director appointment, Laurence Calozet (vice présidente du conseil)
  • Director appointment, Stéphane Dantinne (day-to-day manager)
  • Director appointment, Benoît Pittance (day-to-day manager)
  • Power of attorney, Stéphane Dantinne, mentioned 17 times in the deed
  • Power of attorney, Benoît Pittance, mentioned 17 times in the deed
  • Power of attorney, Benoit Coppée, mentioned 3 times in the deed

Open the act in the Belgian Official Gazette

02-06
Gazette deed Resignation: Victor Billion (director)
Appointment: Pierre BERNES (director) · Director discharge · Mandate compensation5 points ▸
  • General meeting, 24-03-2020
  • Director resignation, Victor Billion (director)
  • Director discharge, Victor Billion
  • Director appointment, Pierre BERNES (director)
  • Mandate compensation, Pierre BERNES

Open the act in the Belgian Official Gazette

15-04
NBB filing Annual accounts 2019 filedPDF
full format · 107 days before the deadline
2019
22-07
Gazette deed 16 directors appointed
Appointments: Laurence CALOZET, Francoise JOLLY and 14 others · Permanent representatives: Charles VAN WYMEERSCH, Sébastien DOSSOGNE and 5 others · Auditor fees26 points ▸
  • General meeting, 26-03-2019
  • Director appointment, Laurence CALOZET (director)
  • Director appointment, Francoise JOLLY (director)
  • Director appointment, Vincent BERGHMANS (director)
  • Director appointment, Victor BILLION (director)
  • Director appointment, Benoit COPPEE (director)
  • Director appointment, Pierre GUSTIN (director)
  • Director appointment, Laurent LEVAUX (director)
  • Director appointment, SNC Charles VAN WYMEERSCH (director)
  • Permanent representative, Charles VAN WYMEERSCH
  • Director appointment, Magotteaux International SA (director)
  • Permanent representative, Sébastien DOSSOGNE
  • The act holds 14 more points.

Open the act in the Belgian Official Gazette

17-04
NBB filing Annual accounts 2018 filedPDF
full format · 105 days before the deadline
04-01
Gazette deed Capital increase of €7,800,000
Amendment of the articles4 points ▸
  • General meeting, 12-12-2018
  • Capital increase, €7,800,000
  • Capital, €14,000,000
  • Amendment of the articles

Open the act in the Belgian Official Gazette

2018
28-03
NBB filing Annual accounts 2017 filedPDF
full format · 125 days before the deadline
2017
03-10
Gazette deed Merger: INVESTSUD takes over AGROBOS TECHNOLOGY
Accounting effect · Power of attorney · Merger condition6 points ▸
  • General meeting, 26-06-2017
  • Merger, 26-06-2017
  • Accounting effect, 01-01-2017
  • Power of attorney
  • Merger condition, “no share attribution – all shares of the absorbed company held by the absorbing company (art. 726 § 2 Code des sociétés)” (deed in French)
  • Declaration, “no real estate (immeuble) in the transferred assets” (deed in French)

Open the act in the Belgian Official Gazette

23-05
Gazette deed Merger proposal: INVESTSUD takes over AGROBOS TECHNOLOGY
Capital · Net-asset statement · Accounting effect12 points ▸
  • Merger, “absorption” (deed in French)
  • Capital, €6,200,000, mentioned 2 times in the deed
  • Capital, €7,000,000
  • Net-asset statement, 31-12-2016, mentioned 2 times in the deed
  • Accounting effect, 01-01-2017
  • Exchange ratio, 1.22, 969,00 €
  • The company is a shareholder of AGROBOS TECHNOLOGY
  • Soulte, AGROBOS TECHNOLOGY
  • Auditor fee, 2.000,00 €
  • Fiscal regime, “immunité fiscale (impôt direct et indirect)” (deed in French)
  • Debt assumption, “Toutes les charges et dettes potentielles non détectées résultant de l'exploitation antérieure de la SA AGROBOS TECHNOLOGY” (deed in French)
  • Shareholding

Open the act in the Belgian Official Gazette

07-04
NBB filing Annual accounts 2016 filedPDF
full format · 115 days before the deadline
2016
29-11
Gazette deed 3 directors appointed, 1 director resigning
Appointments: scprl Collin & Desablens, SCRL RSM Interaudit and Françoise JOLLY · Resignation: Yves NOEL (director)6 points ▸
  • General meeting, 22-03-2016
  • Auditor appointment, scprl Collin & Desablens (statutory auditor)
  • Auditor appointment, SCRL RSM Interaudit (statutory auditor)
  • Board meeting, 23-06-2016
  • Director resignation, Yves NOEL (director)
  • Director appointment, Françoise JOLLY (director)

Open the act in the Belgian Official Gazette

2015
02-10
Gazette deed 14 directors appointed, 1 director resigning
Appointments: Laurence CALOZET, Vincent BERGHMANS and 12 others · Permanent representatives: Charles VAN WYMEERSCH, Sébastien DOSSOGNE and 3 others · Resignation: Investsud (director)22 points ▸
  • General meeting, 24-03-2015
  • Director appointment, Laurence CALOZET (director)
  • Director appointment, Vincent BERGHMANS (director)
  • Director appointment, Victor BILLION (director)
  • Director appointment, Benoit COPPEE (director)
  • Director appointment, Pierre GUSTIN (director)
  • Director appointment, Laurent LEVAUX (director)
  • Director appointment, Yves NOEL (director)
  • Director appointment, SNC Charles VAN WYMEERSCH (director)
  • Permanent representative, Charles VAN WYMEERSCH
  • Director appointment, Magotteaux International SA (director)
  • Permanent representative, Sébastien DOSSOGNE
  • The act holds 10 more points.

Open the act in the Belgian Official Gazette

2014
13-10
Gazette deed Appointment: Laurence CALOZET (director)
2 points ▸
  • Board meeting, 25-06-2014
  • Director appointment, Laurence CALOZET (director)

Open the act in the Belgian Official Gazette

2013
20-06
Gazette deed 3 directors appointed, 1 director resigning
Appointments: SCRL Collin & Desablens, SCRL RSM Interaudit and SA MAGOTTEAUX INTERNATIONAL · Resignation: Sprl SEDIAM (director) · Mandate compensation7 points ▸
  • General meeting, 26-03-2013
  • Auditor appointment, SCRL Collin & Desablens (statutory auditor)
  • Auditor appointment, SCRL RSM Interaudit (statutory auditor)
  • Mandate compensation, e2,e4
  • Director resignation, Sprl SEDIAM (director)
  • Director appointment, SA MAGOTTEAUX INTERNATIONAL (director)
  • Accounting effect, 14-12-2011

Open the act in the Belgian Official Gazette

2012
05-06
Gazette deed 1 director appointed, 1 director resigning
Resignation: Sébastien DOSSOGNE (director) · Appointment: SEDIAM (director) · Permanent representative: Sébastien DOSSOGNE4 points ▸
  • Board meeting, 14-12-2011
  • Director resignation, Sébastien DOSSOGNE (director)
  • Director appointment, SEDIAM (director)
  • Permanent representative, Sébastien DOSSOGNE

Open the act in the Belgian Official Gazette

2011
20-09
Gazette deed 1 director appointed, 1 director resigning
Resignation: Charles Van Wymeersch (director) · Appointment: SNC Charles Van Wymeersch (director) · Permanent representative: Charles Van Wymeersch5 points ▸
  • General meeting, 08-08-2011
  • Director resignation, Charles Van Wymeersch (director)
  • Director appointment, SNC Charles Van Wymeersch (director)
  • Permanent representative, Charles Van Wymeersch
  • Accounting effect, 22-03-2011

Open the act in the Belgian Official Gazette

25-07
Gazette deed 16 directors appointed, 1 director resigning
Appointments: Victor BILLION, Fabian COLLARD and 12 others · Permanent representatives: Raymond CALOZET and Herman FRUYTIER · Resignation: Léon-Albert Lhoist (director)21 points ▸
  • General meeting, 22-03-2011
  • Director appointment, Victor BILLION (director)
  • Director appointment, Fabian COLLARD (director)
  • Director appointment, Benoit COPPEE (director)
  • Director appointment, Sébastien DOSSOGNE (director)
  • Director appointment, Xavier GOEBELS (director)
  • Director appointment, Pierre GUSTIN (director)
  • Director appointment, Xavier LECHIEN (director)
  • Director appointment, Laurent LEVAUX (director)
  • Director appointment, Yves NOEL (director)
  • Director appointment, Marc SIMONIS (director)
  • Director appointment, Charles VAN WYMEERSCH (director)
  • The act holds 9 more points.

Open the act in the Belgian Official Gazette

2010
29-11
Gazette deed 12 directors appointed
Appointments: Victor BILLION, Benoît COPPEE and 10 others · Permanent representatives: Raymond CALOZET and Herman FRUYTIER · Power of attorney20 points ▸
  • Board meeting, 24-02-2010
  • Power of attorney, Benoît COPPEE
  • Power of attorney, Pierre BERNES
  • Power of attorney, S. DANTINNE
  • General meeting, 23-03-2010
  • Director appointment, Victor BILLION (director)
  • Director appointment, Benoît COPPEE (director)
  • Director appointment, Sébastien DOSSOGNE (director)
  • Director appointment, Pierre GUSTIN (director)
  • Director appointment, Laurent LEVAUX (director)
  • Director appointment, Léon LHOIST (director)
  • Director appointment, Yves NOEL (director)
  • The act holds 8 more points.

Open the act in the Belgian Official Gazette

2007
22-01
Gazette deed Powers of attorney: Benoît COPPEE, Pierre BERNES and 3 others
6 points ▸
  • Board meeting, 13-12-2006
  • Power of attorney, Benoît COPPEE
  • Power of attorney, Pierre BERNES
  • Power of attorney, S. DANTINNE
  • Power of attorney, Jean-François THISSEN
  • Power of attorney, Président

Open the act in the Belgian Official Gazette

2006
06-07
Gazette deed Capital & shares · Amendment of the articles
Fees declaration3 points ▸
  • General meeting, 14-06-2006
  • Amendment of the articles, mentioned 2 times in the deed
  • Fees declaration, 600,00 €

Open the act in the Belgian Official Gazette

19-06
Gazette deed 14 directors appointed, 1 director resigning
Appointments: Yves NOEL, Victor BILLION and 12 others · Permanent representatives: H. FRUYTIER FINANCE and Herman FRUYTIER · Resignation: Pierre MEYERS (director)19 points ▸
  • General meeting, 28-03-2006
  • Director appointment, Yves NOEL (director)
  • Director appointment, Victor BILLION (director)
  • Director appointment, Raymond CALOZET (director)
  • Director appointment, Benoit COPPEE (director)
  • Director appointment, Daniel GHEZA (director)
  • Director appointment, Pierre GUSTIN (director)
  • Director appointment, Léon LHOIST (director)
  • Director appointment, Philippe MARTIN (director)
  • Director appointment, Pierre MEYERS (director)
  • Director appointment, Marc SIMONIS (director)
  • Director appointment, François VIELVOYE (director)
  • The act holds 7 more points.

Open the act in the Belgian Official Gazette

2004
06-08
Gazette deed 15 directors appointed
Appointments: S. CHARLIER, V. BILLION and 13 others · Permanent representatives: H. FRUYTIER and Y. NOEL19 points ▸
  • General meeting, 12-05-2004
  • Director appointment, S. CHARLIER (director)
  • Director appointment, V. BILLION (director)
  • Director appointment, R. CALOZET (director)
  • Director appointment, B. COPPEE (director)
  • Director appointment, H. FRUYTIER FINANCE (director)
  • Permanent representative, H. FRUYTIER
  • Director appointment, FSE SA (director)
  • Permanent representative, Y. NOEL
  • Director appointment, P. GUSTIN (director)
  • Director appointment, P. MEYERS (director)
  • Director appointment, L.A. LHOIST (director)
  • The act holds 7 more points.

Open the act in the Belgian Official Gazette

Show all 42 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

ORSA FUND was incorporated on 28 November 1983.1 In 2017 the company absorbed AGROBOS TECHNOLOGY by merger.2 A capital increase in 2019 brought the capital to €14.0m.3 Since 2026 the company has been called ORSA FUND.4 The board currently has 15 members.5 Total assets fell from €69.0m in 2018 to €58.1m in 2025 and headcount from 10.1 to 10.5 full-time equivalents.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 03-10-2017
  3. 3Belgian Official Gazette, 04-01-2019
  4. 4Belgian Official Gazette, 31-08-2026
  5. 5National Bank, annual accounts 2025
  6. 6National Bank, annual accounts 2018 and 2025

Next steps

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