Wallonie Entreprendre
Wallonie Entreprendre controls 32 companies, according to the LEI register and the annual accounts.
Consolidated accounts 2025
Wallonie Entreprendre filed these accounts for the group as one whole, with intra-group positions eliminated. These are the real group figures.
The sums add up the annual accounts of 25 of the 26 Belgian companies (financial years 2025), without consolidation.
Group risk
- 2 companies being dissolved or liquidated: ARCEO ENGINEERING, Sonaca Aircraft.
- 2 companies with negative equity: Sonaca Aircraft (-€1.2m), SOCIETE WALLONNE POUR LE FINANCEMENT DES INFRASTRUCTURES DES POLES DE COMPETITIVITE, EN ABREGE : SOFIPOLE (-€221,883).
- 1 company no longer active in the register: SOCIETE WALLONNE POUR LE FINANCEMENT DES INFRASTRUCTURES DES POLES DE COMPETITIVITE, EN ABREGE : SOFIPOLE.
Group structure
Per company: the verdict from its dossier, the total assets with the equity under them, and the financial year of those accounts. High risk Elevated Fair Healthy No verdict
- Wallonie Entreprendre18 subsidiariesNo verdict€5.36bn €4.98bn 2025
- High risk · 0€168,023 - 2022
- No verdict€3.3m €61,500 2025
- FN Browning Group7 subsidiariesNo verdict€689.0m €501.3m 2025
- BROWNING1 subsidiaryHealthy · 96€175.4m €121.8m 2025
- Healthy · 96€87.9m €59.6m 2025
- Healthy · 97€788.5m €460.0m 2025
- Healthy · 92€313.2m €99.8m 2025
- NOBEL SPORT ITALIA S.R.L.
- NOBEL SPORT MARTIGNONI S.P.A.
- SOFISPORT
- TEAM ITALIA S.R.L.
- Healthy · 95€15.0m €12.9m 2025
- LUXEMBOURG DEVELOPPEMENT1 subsidiaryNo verdict€47.7m €5.0m 2025
- Healthy · 95€7.8m €7.8m 2025
- Fair · 47€185.2m €320,521 2025
- Healthy · 90€1.5m €289,148 2025
- Elevated€22.8m -€221,883 2025
- Société Nationale de Construction Aérospatiale2 subsidiariesHealthy · 92€1.05bn €411.4m 2025
- Healthy · 94€1.1m €1.1m 2025
- SONACA VENTURES HOLDING1 subsidiaryHealthy · 89€44,637 €42,317 2025
- High risk · 24€784,924 -€1.2m 2025
- SPACEBEL1 subsidiaryHealthy · 83€39.6m €8.8m 2025
- Healthy · 65€7.4m €664,668 2025
- Healthy · 92€2.4m €1.4m 2025
- No verdict€27.6m €21.0m 2025
Show all 18 subsidiaries
- No verdict€157.9m €91.8m 2025
- Healthy · 85€21.4m €1.4m 2025
- WE Environnement1 subsidiaryNo verdict€216.5m €157.4m 2025
- Healthy · 96€25.6m €13.5m 2025
- CHEDDITE ITALY S.R.L.
- RC EXIMPORT - S.R.L.
- SONACA MONTREAL INC.
Shared directors
These people and companies sit on the boards of several group companies.
- 4
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2
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- 2
- 2
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2
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Show all 19 shared directors
- 2
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- 2
- 2
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- 2
Events in the group
These are the publications of all Belgian group companies over the last two years, such as bankruptcies, director changes and capital changes.
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Libra appointed as commissaire aux comptes
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Capital increase of €361,590,713.41 to €468,766,812.41
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LIBRA Audit & Assurance appointed as statutory auditor
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LIBRA Audit & Assurance appointed as statutory auditor
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Joyce WIECZOREK resigns as director
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1 director appointed, 2 reappointed
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1 director appointed, 1 director resigning
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Change of permanent representative
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4 reappointed
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2 directors appointed
Show all 12 events
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Capital increase of €8,000,000 to €3,861,172,279.89
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2 directors appointed
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Group insights
A weak subsidiary can cost the parent money, and the other way round.
- 6 companies with a loss in the latest year: LIBRAMONT EXHIBITION & CONGRESS (-€422,951), LUXEMBOURG DEVELOPPEMENT (-€203,554), BELAIRBUS (-€51,070), SOCIETE MIXTE DE DEVELOPPEMENT IMMOBILIER (-€40,650), SONACA VENTURES HOLDING (-€6,552), Sonaca Aircraft (-€160).A loss is not unusual within a group, for example at a holding or a new activity. Still, it pays to find out why.
- 58.0% of the added-up total assets sits in one company: Wallonie Entreprendre.
- 0.3% of the added-up total assets sits at companies with an elevated or high risk.
Method and sources
The group's make-up comes from the LEI register (GLEIF). It states which company consolidates which other, directly or ultimately.
A company stands under its parent if the parent consolidates it according to the LEI register, or holds more than half of its shares by the list of holdings or the shareholder structure in the annual accounts. Both mean control. The share is shown.
The amounts come from the annual accounts each Belgian company filed with the National Bank. They are added up without consolidation. Receivables, participations and sales between group companies therefore count. The verdict per company is that of its dossier.
Updated on 03-11-2026