NEB PARTICIPATIONS
ActiveSummary
NEB PARTICIPATIONS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67.94M and a net result of €14.24M. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 87% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.66 in 2024; short-term debt: 17.1% and cash: 2.7% of total assets), and 17.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.8%
Return on assets
17.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
93 d early
2023
79 d early
2022
94 d early
2021
60 d early
2020
64 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€36k▼ 74.9%
2020 · €144k
2018: €139k
2019: €143k
2020: €144k
2018 → 2021
EBIT margin
-489.5%▼ 493.0pp
2020 · 3.5%
2018: 5.4%
2019: 6.4%
2020: 3.5%
2018 → 2021
Net result
€14.24M▲ 16.7%
2024 · €12.20M
2018: €5.28M
2019: €5.70M
2020: €6.59M
2021: €10.93M
2022: €11.32M
2023: €12.87M
2024: €12.20M
2018 → 2025
Working capital
€-3.68M▲ 7.7%
2024 · €-3.99M
2018: €13.20M
2019: €13.40M
2020: €18.72M
2021: €6.70M
2022: €7.25M
2023: €-4.60M
2024: €-3.99M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€36k-
Equity€65.82M-€66.38M▲ 0.9%€67.12M▲ 1.1%€67.73M▲ 0.9%€67.94M▲ 0.3%
Operating result€-177k-€-133k▲ 24.6%€-134k▼ 0.8%€-134k▲ 0.1%€-259k▼ 92.6%
Net result€10.93M-€11.32M▲ 3.6%€12.87M▲ 13.7%€12.20M▼ 5.2%€14.24M▲ 16.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €259k in 2025 against €134k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82.08M
Fixed assets
€71.72M =
Current assets
€10.36M ▲ 34.0%
Equity and liabilities €82.08M
Equity
€67.94M ▲ 0.3%
Provisions
€95k
Debt
€14.04M ▲ 19.8%
Debt's share of the balance-sheet total rises from 14.8% to 17.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.74▲
2024 · 0.66
Debt to equity
0.21▲
2024 · 0.17
ROE
21.0%▲
2024 · 18.0%
ROA
17.4%▲
2024 · 15.4%
Debt ≤ 1 year
€14.04M▲
2024 · €11.72M
Income taxes
€-46k▼
2024 · €-27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€79.45M€82.08M▲
Fixed assets21/28€71.72M€71.72M=
Financial fixed assets28€71.72M€71.72M=
Affiliated companies280/1€10.84M€10.84M=
Participating interests280€10.84M€10.84M=
Companies linked by participating interests282/3€56.55M€56.55M=
Participating interests282€56.55M€56.55M=
Other financial fixed assets284/8€4.33M€4.33M=
Shares284€4.33M€4.33M=
Current assets29/58€7.74M€10.36M▲
Amounts receivable after more than one year29€22k€0▼
Other amounts receivable291€22k€0▼
Amounts receivable within one year40/41€465k€97k▼
Other amounts receivable41€465k€97k▼
Current investments50/53-€8.00M
Other investments51/53-€8.00M
Cash at bank and in hand54/58€7.24M€2.25M▼
Deferred charges and accrued income490/1€8k€18k▲
Equity and liabilities
Total equity and liabilities10/49€79.45M€82.08M▲
Equity10/15€67.73M€67.94M▲
Contributions10/11€61.68M€61.68M=
Capital10€61.68M€61.68M=
Issued capital100€61.68M€61.68M=
Reserves13€5.96M€6.17M▲
Non-distributable reserves130/1€5.96M€6.17M▲
Legal reserve130€5.96M€6.17M▲
Profit (loss) carried forward14€100k€100k=
Provisions and deferred taxes16-€95k
Provisions for liabilities and charges160/5-€95k
Taxes161-€95k
Amounts payable17/49€11.72M€14.04M▲
Amounts payable within one year42/48€11.72M€14.04M▲
Trade debts44€130k€11k▼
Suppliers440/4€130k€11k▼
Other amounts payable47/48€11.59M€14.03M▲
Income statement
Code20242025
Operating charges60/66A€134k€259k▲
Services and other goods61€134k€164k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€95k
Other operating charges640/8€220€220=
Operating profit (loss)9901€-134k€-259k▼
Financial income75/76B€12.31M€14.46M▲
Recurring financial income75€12.31M€14.46M▲
Income from financial fixed assets750€12.25M€14.34M▲
Income from current assets751€58k€118k▲
Other financial income752/9€276€153▼
Financial charges65/66B€327€327=
Recurring financial charges65€327€327=
Other financial charges652/9€327€327=
Profit (loss) for the period before taxes9903€12.18M€14.20M▲
Income taxes67/77€-27k€-46k▼
Tax adjustments and reversals of tax provisions77€27k€46k▲
Profit (loss) for the period9904€12.20M€14.24M▲
Profit (loss) for the period to be appropriated9905€12.20M€14.24M▲
Appropriation of the result
Profit (loss) to be appropriated9906€12.30M€14.34M▲
Profit (loss) brought forward from the previous period14P€100k€100k=
Transfer to equity691/2€610k€212k▼
To the legal reserve6920€610k€212k▼
Profit to be distributed694/7€11.59M€14.03M▲
Return on contributions (dividend)694€11.59M€14.03M▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-06
State Gazette act
Resignation: Bertrand Demonceau (director)Power of attorney5 facts ▸
State Gazette act
Resignation: Bertrand Demonceau (director)
Power of attorney5 facts ▸
- Director resignation, Bertrand Demonceau (director)
- Power of attorney, Jérôme Wagner
- Power of attorney, Guillaume Couvert
- Power of attorney, Cédric Gochel
- Power of attorney, Manon Dengis
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
26-02
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Bank account · Capital5 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Bank account · Capital5 facts ▸
- General meeting, 24 février 2026
- Capital increase, €20.976.204
- Bank account, BE42 0910 2319 5254
- Capital, €82.651.704
- Statutes amendment
2025
31-12
Financial
Highest result since 2018net €14.24M ▲16.7%
Net result €14.24M, the highest in the series.
09-12
State Gazette act
Resignation: Bernard Thiry (chair)Appointments: Philippe Lallemand (chair) and Bernard Thiry (vice-chair) · Power of attorney6 facts ▸
State Gazette act
Resignation: Bernard Thiry (chair)
Appointments: Philippe Lallemand (chair) and Bernard Thiry (vice-chair) · Power of attorney6 facts ▸
- Board meeting, 13/11/2025
- Director resignation, Bernard Thiry (chair)
- Director appointment, Philippe Lallemand (chair)
- Director appointment, Bernard Thiry (vice-chair)
- Power of attorney, Delphine Chaput
- Power of attorney, Manon Dengis
06-06
State Gazette act
Appointments: Bernard Thiry, Philippe Lallemand and Nicolas DumazyResignation: Benoit-Laurent Yerna (director) · Power of attorney12 facts ▸
State Gazette act
Appointments: Bernard Thiry, Philippe Lallemand and Nicolas Dumazy
Resignation: Benoit-Laurent Yerna (director) · Power of attorney12 facts ▸
- Board meeting, 03/04/2025
- Director appointment, Bernard Thiry (chair)
- Director appointment, Philippe Lallemand (vice-chair)
- Power of attorney, Delphine Chaput
- Power of attorney, Manon Dengis
- General meeting, 28/04/2025
- Director resignation, Benoit-Laurent Yerna (director)
- Director appointment, Nicolas Dumazy (director)
- Power of attorney, Delphine Chaput
- Power of attorney, Cédric Gochel
- Power of attorney, Virginie Fouarge
- Power of attorney, Manon Dengis
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-09
State Gazette act
Reappointments: Bernard Thiry, Philippe Lallemand and 5 othersAppointment: RSM InterAudit SRL (statutory auditor) · Permanent representative: Thomas Ghigny · Mandate compensation14 facts ▸
State Gazette act
Reappointments: Bernard Thiry, Philippe Lallemand and 5 others
Appointment: RSM InterAudit SRL (statutory auditor) · Permanent representative: Thomas Ghigny · Mandate compensation14 facts ▸
- General meeting, 29/04/2024
- Director reappointment, Bernard Thiry (director)
- Director reappointment, Philippe Lallemand (director)
- Director reappointment, Julie Fernandez Fernandez (director)
- Director reappointment, Laurent Levaux (director)
- Director reappointment, Bertrand Demonceau (director)
- Director reappointment, Gregory Demal (director)
- Director reappointment, Benoit-Laurent Yerna (director)
- Mandate compensation, Bernard Thiry
- Board meeting, 19/07/2024
- Registered-office move, 46, Boulevard Piercot - 4000 Liège
- General meeting, 19/07/2024
- +2 further facts in this act
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-12
State Gazette act
Resignation: VANDERTHOMMEN Florence (director)Appointment: DEMONCEAU Bertrand Marc René Ghislain (director) · Statutes amendment · Capital6 facts ▸
State Gazette act
Resignation: VANDERTHOMMEN Florence (director)
Appointment: DEMONCEAU Bertrand Marc René Ghislain (director) · Statutes amendment · Capital6 facts ▸
- General meeting, 13 décembre 2023
- Statutes amendment
- Capital, €61.675.500
- Director resignation, VANDERTHOMMEN Florence (director)
- Director discharge, VANDERTHOMMEN Florence
- Director appointment, DEMONCEAU Bertrand Marc René Ghislain (director)
01-12
State Gazette act
Resignations & appointmentsPower of attorney6 facts ▸
State Gazette act
Resignations & appointments
Power of attorney6 facts ▸
- Board meeting, 09/11/2023
- Power of attorney, Grégory DEMAL
- Power of attorney, Jérôme WAGNER
- Power of attorney, Cédric GOCHEL
- Power of attorney, Grégory DEMAL
- Power of attorney, Grégory DEMAL
10-10
State Gazette act
Resignations: Mme Vanderthommen (director) and Monsieur Philippe Lallemand (chair)Appointments: M. Bernard Thiry (chair of the board) and Monsieur Philippe Lallemand (vice président du conseil d'administration) · Power of attorney7 facts ▸
State Gazette act
Resignations: Mme Vanderthommen (director) and Monsieur Philippe Lallemand (chair)
Appointments: M. Bernard Thiry (chair of the board) and Monsieur Philippe Lallemand (vice président du conseil d'administration) · Power of attorney7 facts ▸
- Board meeting, 27/09/2023
- Director resignation, Mme Vanderthommen (director)
- Director resignation, Monsieur Philippe Lallemand (chair)
- Director appointment, M. Bernard Thiry (chair of the board)
- Director appointment, Monsieur Philippe Lallemand (vice président du conseil d'administration)
- Power of attorney, Mme Delphine Chaput
- Power of attorney, Mme Manon Dengis
Show earlier events
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-11
State Gazette act
Resignation: Renaud Witmeur (director)Appointments: Grégory Demal, Philippe Lallemand and 5 others · Power of attorney21 facts ▸
State Gazette act
Resignation: Renaud Witmeur (director)
Appointments: Grégory Demal, Philippe Lallemand and 5 others · Power of attorney21 facts ▸
- Board meeting, 14/09/2022
- Director resignation, Renaud Witmeur (director)
- Power of attorney, Grégory Demal
- Power of attorney, Florence Vanderthommen
- Power of attorney, Grégory Demal
- Power of attorney, Florence Vanderthommen
- Power of attorney, Cédric Gochel
- Power of attorney, Florence Vanderthommen
- Power of attorney, Cédric Gochel
- Power of attorney, Grégory Demal
- Power of attorney, Florence Vanderthommen
- Power of attorney, Grégory Demal
- +9 further facts in this act
27-06
State Gazette act
Resignations & appointmentsPower of attorney12 facts ▸
State Gazette act
Resignations & appointments
Power of attorney12 facts ▸
- Board meeting, 15/06/2022
- Power of attorney, Renaud WITMEUR
- Power of attorney, Florence VANDERTHOMMEN
- Power of attorney, Renaud WITMEUR
- Power of attorney, Florence VANDERTHOMMEN
- Power of attorney, Cédric GOCHEL
- Power of attorney, Florence VANDERTHOMMEN
- Power of attorney, Cédric GOCHEL
- Power of attorney, Renaud WITMEUR
- Power of attorney, Florence VANDERTHOMMEN
- Power of attorney, Renaud WITMEUR
- Power of attorney, Florence VANDERTHOMMEN
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
17-01
State Gazette act
Resignations: Julien COMPERE (director) and Cécile FLANDRE (director)Appointments: Benoît-Laurent YERNA, PwC Réviseurs d'entreprises and Florence VANDERTHOMMEN · Power of attorney · Director discharge16 facts ▸
State Gazette act
Resignations: Julien COMPERE (director) and Cécile FLANDRE (director)
Appointments: Benoît-Laurent YERNA, PwC Réviseurs d'entreprises and Florence VANDERTHOMMEN · Power of attorney · Director discharge16 facts ▸
- Board meeting, 09/09/2021
- Power of attorney, Florence VANDERTHOMMEN
- Power of attorney, Renaud WITMEUR
- Board meeting, 19/10/2021
- Director resignation, Julien COMPERE (director)
- Board meeting, 29/11/2021
- Director appointment, Benoît-Laurent YERNA (director)
- General meeting, 26/04/2021
- Auditor appointment, PwC Réviseurs d'entreprises (statutory auditor)
- General meeting, 07/12/2021
- Director resignation, Julien COMPERE (director and vice-chair)
- Director resignation, Cécile FLANDRE (director)
- +4 further facts in this act
2021
09-09
State Gazette act
Resignations: Carine HOUGARDY, Julien COMPERE and 5 othersAppointments: Julie FERNANDEZ FERNANDEZ, Philippe LALLEMAND and 2 others · Reappointments: Julien COMPERE, Bernard THIRY and 3 others · Mandate compensation44 facts ▸
State Gazette act
Resignations: Carine HOUGARDY, Julien COMPERE and 5 others
Appointments: Julie FERNANDEZ FERNANDEZ, Philippe LALLEMAND and 2 others · Reappointments: Julien COMPERE, Bernard THIRY and 3 others · Mandate compensation44 facts ▸
- General meeting, 27/03/2020
- Director resignation, Carine HOUGARDY (director)
- Director appointment, Julie FERNANDEZ FERNANDEZ (director)
- General meeting, 27/04/2020
- Director resignation, Julien COMPERE (director)
- Director resignation, Bernard THIRY (director)
- Director resignation, Julie FERNANDEZ FERNANDEZ (director)
- Director resignation, Laurent LEVAUX (director)
- Director resignation, Renaud WITMEUR (director)
- Director reappointment, Julien COMPERE (director)
- Director reappointment, Bernard THIRY (director)
- Director reappointment, Laurent LEVAUX (director)
- +32 further facts in this act
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
24-01
State Gazette act
Resignations: Pol HEYSE, Bénédicte BAYER and 3 othersAppointments: Laurent LEVAUX, Bernard THIRY and 2 others · Power of attorney23 facts ▸
State Gazette act
Resignations: Pol HEYSE, Bénédicte BAYER and 3 others
Appointments: Laurent LEVAUX, Bernard THIRY and 2 others · Power of attorney23 facts ▸
- Board meeting, 14/11/2019
- Director resignation, Pol HEYSE (vice-chair)
- Director resignation, Pol HEYSE (director)
- Director resignation, Bénédicte BAYER (director)
- Director resignation, Stéphane MOREAU (director)
- Director appointment, Laurent LEVAUX (director)
- Director appointment, Bernard THIRY (director)
- Director appointment, Renaud WITMEUR (director)
- Power of attorney, Sarah THOMSIN
- Power of attorney, René DURIA
- Power of attorney, Philippe de THIER
- Power of attorney, Thomas RENARD
- +11 further facts in this act
2019
01-08
State Gazette act
Resignations: Julien COMPERE, Pol HEYSE and 4 othersReappointments: Julien COMPERE, Pol HEYSE and 4 others · Appointments: Julien COMPERE, Pol HEYSE and PWC Reviseurs d'entreprises scrl · Permanent representative: Isabelle RASMONT18 facts ▸
State Gazette act
Resignations: Julien COMPERE, Pol HEYSE and 4 others
Reappointments: Julien COMPERE, Pol HEYSE and 4 others · Appointments: Julien COMPERE, Pol HEYSE and PWC Reviseurs d'entreprises scrl · Permanent representative: Isabelle RASMONT18 facts ▸
- Director resignation, Julien COMPERE (director)
- Director resignation, Pol HEYSE (director)
- Director resignation, Bénédicte BAYER (director)
- Director resignation, Carine HOUGARDY (director)
- Director resignation, Miguel DELREZ (director)
- Director resignation, Stéphane MOREAU (director)
- Director reappointment, Julien COMPERE (director)
- Director reappointment, Pol HEYSE (director)
- Director reappointment, Bénédicte BAYER (director)
- Director reappointment, Carine HOUGARDY (director)
- Director reappointment, Miguel DELREZ (director)
- Director reappointment, Stéphane MOREAU (director)
- +6 further facts in this act
11-06
State Gazette act
Statutes amendment8 facts ▸
State Gazette act
Statutes amendment
8 facts ▸
- General meeting, 23/05/2019
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-09
State Gazette act
Resignations: Julien COMPERE, Heres Communications sprl and 6 othersAppointments: Julien COMPERE, Pol HEYSE and 6 others · Mandate compensation20 facts ▸
State Gazette act
Resignations: Julien COMPERE, Heres Communications sprl and 6 others
Appointments: Julien COMPERE, Pol HEYSE and 6 others · Mandate compensation20 facts ▸
- General meeting, 29/06/2018
- Director resignation, Julien COMPERE (director)
- Director resignation, Heres Communications sprl (director)
- Director resignation, Bénédicte BAYER (director)
- Director resignation, Carine HOUGARDY (director)
- Director resignation, Olivier SPIRLET (director)
- Director resignation, Gil SIMON (director)
- Director resignation, Jean Paul PARMENTIER (director)
- Director resignation, Cécile FLANDRE (director)
- Director appointment, Julien COMPERE (director)
- Director appointment, Julien COMPERE (chair)
- Director appointment, Pol HEYSE (director)
- +8 further facts in this act
18-06
State Gazette act
Resignations: Elisabetta CALLEGARI (director) and Jean-Marie BREBAN (director)Reappointments: Julien COMPERE, Heres Communications spri and 4 others · Appointments: Jean Paul PARMENTIER (director) and Cécile FLANDRE (director) · Mandate compensation14 facts ▸
State Gazette act
Resignations: Elisabetta CALLEGARI (director) and Jean-Marie BREBAN (director)
Reappointments: Julien COMPERE, Heres Communications spri and 4 others · Appointments: Jean Paul PARMENTIER (director) and Cécile FLANDRE (director) · Mandate compensation14 facts ▸
- General meeting, 30/04/2018
- Director resignation, Elisabetta CALLEGARI (director)
- Director resignation, Jean-Marie BREBAN (director)
- Director reappointment, Julien COMPERE (chair)
- Director reappointment, Heres Communications spri (vice-chair)
- Director reappointment, Bénédicte BAYER (director)
- Director reappointment, Carine HOUGARDY (director)
- Director reappointment, Olivier SPIRLET (director)
- Director reappointment, Gil SIMON (director)
- Director appointment, Jean Paul PARMENTIER (director)
- Director appointment, Cécile FLANDRE (director)
- Mandate compensation, NEB Participations
- +2 further facts in this act
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
State Gazette act
Reappointments: Julien COMPERE, Heres Communications spri and 4 othersPermanent representative: Pol HEYSE8 facts ▸
State Gazette act
Reappointments: Julien COMPERE, Heres Communications spri and 4 others
Permanent representative: Pol HEYSE8 facts ▸
- General meeting, 24/04/2017
- Director reappointment, Julien COMPERE (director)
- Director reappointment, Heres Communications spri (director)
- Permanent representative, Pol HEYSE
- Director reappointment, Bénédicte BAYER (director)
- Director reappointment, Carine HOUGARDY (director)
- Director reappointment, Olivier SPIRLET (director)
- Director reappointment, GII SIMON (director)
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
State Gazette act
Resignation: Olivier SOBRY (director)Appointments: Carine HOUGARDY, PWC and 2 others · Reappointments: Julien COMPERE, Heres Communications sprl and 4 others14 facts ▸
State Gazette act
Resignation: Olivier SOBRY (director)
Appointments: Carine HOUGARDY, PWC and 2 others · Reappointments: Julien COMPERE, Heres Communications sprl and 4 others14 facts ▸
- Board meeting, 03/02/2016
- Director resignation, Olivier SOBRY (director)
- Director appointment, Carine HOUGARDY (director)
- General meeting, 25/04/2016
- Director reappointment, Julien COMPERE (director)
- Director reappointment, Heres Communications sprl (director)
- Director reappointment, Bénédicte BAYER (director)
- Director reappointment, Carine HOUGARDY (director)
- Director reappointment, Olivier SPIRLET (director)
- Director reappointment, Gil SIMON (director)
- Auditor appointment, PWC (commissaire réviseur)
- Board meeting, 02/05/2016
- +2 further facts in this act
20-05
State Gazette act
Resignations & appointmentsName change2 facts ▸
State Gazette act
Resignations & appointments
Name change2 facts ▸
- General meeting, 02/05/2016
- Name change, NEB PARTICIPATIONS
2015
02-06
State Gazette act
Reappointments: Bénédicte BAYER, Julien COMPERE and 4 othersAppointments: Julien COMPERE (chair) and Heres Communications spri (vice-chair) · Permanent representative: Pol HEYSE11 facts ▸
State Gazette act
Reappointments: Bénédicte BAYER, Julien COMPERE and 4 others
Appointments: Julien COMPERE (chair) and Heres Communications spri (vice-chair) · Permanent representative: Pol HEYSE11 facts ▸
- General meeting, 27/04/2015
- Director reappointment, Bénédicte BAYER (director)
- Director reappointment, Julien COMPERE (director)
- Director reappointment, Olivier SOBRY (director)
- Director reappointment, Olivier SPIRLET (director)
- Director reappointment, Heres Communications spri (director)
- Director reappointment, Gil SIMON (director)
- Board meeting, 27/04/2015
- Director appointment, Julien COMPERE (chair)
- Director appointment, Heres Communications spri (vice-chair)
- Permanent representative, Pol HEYSE
2014
23-07
State Gazette act
Appointments: Julien COMPÈRE, Olivier SPIRLET and 2 othersReappointments: Bénédicte BAYER, Julien COMPÈRE and 4 others11 facts ▸
State Gazette act
Appointments: Julien COMPÈRE, Olivier SPIRLET and 2 others
Reappointments: Bénédicte BAYER, Julien COMPÈRE and 4 others11 facts ▸
- General meeting, 28/04/2014
- Director appointment, Julien COMPÈRE (director)
- Director appointment, Olivier SPIRLET (director)
- Director appointment, Olivier SOBRY (director)
- Director appointment, Bénédicte BAYER (director)
- Director reappointment, Bénédicte BAYER (director)
- Director reappointment, Julien COMPÈRE (director)
- Director reappointment, Olivier SOBRY (director)
- Director reappointment, Olivier SPIRLET (director)
- Director reappointment, Heres Communications sprl (director)
- Director reappointment, Gil SIMON (director)
2013
30-12
State Gazette act
Appointment: Pol HEYSE (vice-chair)Power of attorney3 facts ▸
State Gazette act
Appointment: Pol HEYSE (vice-chair)
Power of attorney3 facts ▸
- Board meeting, 11/12/2013
- Director appointment, Pol HEYSE (vice-chair)
- Power of attorney, Olivier SPIRLET
16-12
State Gazette act
Resignations: Andrée BUDINGER, Serge MANZATO and 4 othersAppointments: Bénédicte BAYER, Julien COMPERE and 4 others · Permanent representative: Pol HEYSE · Name change17 facts ▸
State Gazette act
Resignations: Andrée BUDINGER, Serge MANZATO and 4 others
Appointments: Bénédicte BAYER, Julien COMPERE and 4 others · Permanent representative: Pol HEYSE · Name change17 facts ▸
- General meeting, 29 novembre 2013
- Name change, TEB PARTICIPATIONS
- Registered-office move, 4000 Liège, rue Louvrex, 95
- Capital, €61.675.500
- Director resignation, Andrée BUDINGER (director)
- Director resignation, Serge MANZATO (director)
- Director resignation, André SCHROYEN (director)
- Director resignation, Henri CHRISTOPHE (director)
- Director resignation, Pol HEYSE (director)
- Director resignation, GIL SIMON (director)
- Director appointment, Bénédicte BAYER (director)
- Director appointment, Julien COMPERE (director)
- +5 further facts in this act
10-12
State Gazette act
Appointments: KPMG Entreprises SCRL civile, JM BOURDOUX and 13 othersPermanent representative: Christophe HABETS · Resignations: Jean-Marie BREBAN, Andrée BUDINGER and 3 others26 facts ▸
State Gazette act
Appointments: KPMG Entreprises SCRL civile, JM BOURDOUX and 13 others
Permanent representative: Christophe HABETS · Resignations: Jean-Marie BREBAN, Andrée BUDINGER and 3 others26 facts ▸
- General meeting, 25/06/2013
- Board meeting, 14/05/2013
- Board meeting, 26/11/2013
- Auditor appointment, KPMG Entreprises SCRL civile (statutory auditor)
- Permanent representative, Christophe HABETS
- Director appointment, JM BOURDOUX (director)
- Director appointment, Cécile BOLETTE (director)
- Director appointment, Jean-Marie BREBAN (director)
- Director appointment, Elisabetta CALLEGARI (director)
- Director appointment, Andrée BUDINGER (director)
- Director appointment, Serge MANZATO (director)
- Director appointment, André SCHROYEN (director)
- +14 further facts in this act
2012
04-05
State Gazette act
Resignations: Gil SIMON, Jean-Claude PEETERS and 2 othersAppointments: Michel DAERDEN, Gil SIMON and Elisabeth CALLEGARI11 facts ▸
State Gazette act
Resignations: Gil SIMON, Jean-Claude PEETERS and 2 others
Appointments: Michel DAERDEN, Gil SIMON and Elisabeth CALLEGARI11 facts ▸
- Board meeting, 20/12/2011
- Director resignation, Gil SIMON (director)
- Director resignation, Jean-Claude PEETERS (director)
- Director appointment, Michel DAERDEN (director)
- Board meeting, 24/01/2012
- Director appointment, Gil SIMON (director)
- Board meeting, 28/03/2012
- Director resignation, Eric VAN CAPPELLEN (director)
- Director appointment, Elisabeth CALLEGARI (director)
- Director resignation, Andrée BUDINGER (chair of the board)
- Director appointment, Michel DAERDEN (chair)
2011
12-07
State Gazette act
Statutes amendment · Resignations & appointmentsName change · Statutes amendment3 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
Name change · Statutes amendment3 facts ▸
- General meeting, 28 juin 2011
- Name change, ECETIA PARTICIPATIONS
- Statutes amendment
07-01
State Gazette act
Appointments: RSM Interaudit SCRL (commissaire aux comptes) and Henri CHRISTOPHE (director)Resignation: Philippe GOFFIN (director)5 facts ▸
State Gazette act
Appointments: RSM Interaudit SCRL (commissaire aux comptes) and Henri CHRISTOPHE (director)
Resignation: Philippe GOFFIN (director)5 facts ▸
- General meeting, 22/06/2010
- Auditor appointment, RSM Interaudit SCRL (commissaire aux comptes)
- Board meeting, 16/11/2010
- Director resignation, Philippe GOFFIN (director)
- Director appointment, Henri CHRISTOPHE (director)
2010
10-06
State Gazette act
Resignation: Michel DAERDEN (membre coopté du conseil d'administration et président empêché)2 facts ▸
State Gazette act
Resignation: Michel DAERDEN (membre coopté du conseil d'administration et président empêché)
2 facts ▸
- General meeting, 29/06/2007
- Director resignation, Michel DAERDEN (membre coopté du conseil d'administration et président empêché)
05-03
State Gazette act
Resignation: Stéphane MOREAU (director)Appointments: Gil SIMON (director) and Sylvianne PORTUGAELS (directeur général) · Permanent representative: Cécile BOLETTE7 facts ▸
State Gazette act
Resignation: Stéphane MOREAU (director)
Appointments: Gil SIMON (director) and Sylvianne PORTUGAELS (directeur général) · Permanent representative: Cécile BOLETTE7 facts ▸
- Board meeting, 10/11/2009
- Director resignation, Stéphane MOREAU (director)
- Director appointment, Gil SIMON (director)
- Board meeting, 09/06/2009
- Permanent representative, Cécile BOLETTE (permanent representative)
- Board meeting, 19/01/2010
- Director appointment, Sylvianne PORTUGAELS (directeur général)
2009
05-01
State Gazette act
Resignation: Bernard Thiry (représentant permanent d'ethias)Permanent representative: Philippe LALLEMAND · Appointment: Nicolas DUMAZY (observateur) · Statutes amendment5 facts ▸
State Gazette act
Resignation: Bernard Thiry (représentant permanent d'ethias)
Permanent representative: Philippe LALLEMAND · Appointment: Nicolas DUMAZY (observateur) · Statutes amendment5 facts ▸
- General meeting, 17/12/2008
- Statutes amendment
- Director resignation, Bernard Thiry (représentant permanent d'ethias)
- Permanent representative, Philippe LALLEMAND (permanent representative)
- Director appointment, Nicolas DUMAZY (observateur)
2008
17-03
State Gazette act
Resignations & appointmentsPower of attorney2 facts ▸
State Gazette act
Resignations & appointments
Power of attorney2 facts ▸
- Board meeting, 20/02/2008
- Power of attorney, le Directeur
2005
11-07
State Gazette act
Appointments: Gilbert VAN BOUCHAUTE, Michel DAERDEN and 2 othersResignations: Gilbert VAN BOUCHAUTE (director) and Daniel GERMAIN (vice président du conseil d'administration)10 facts ▸
State Gazette act
Appointments: Gilbert VAN BOUCHAUTE, Michel DAERDEN and 2 others
Resignations: Gilbert VAN BOUCHAUTE (director) and Daniel GERMAIN (vice président du conseil d'administration)10 facts ▸
- Board meeting, 15/06/2005
- Director appointment, Gilbert VAN BOUCHAUTE (director (executive))
- Director resignation, Gilbert VAN BOUCHAUTE (director)
- Director resignation, Gilbert VAN BOUCHAUTE (chair of the board)
- Director resignation, Gilbert VAN BOUCHAUTE (membre du bureau exécutif)
- Director appointment, Michel DAERDEN (director)
- Director appointment, Michel DAERDEN (chair of the board)
- Director resignation, Daniel GERMAIN (vice président du conseil d'administration)
- Director appointment, Yves PARTHOENS (vice président du conseil d'administration)
- Director appointment, Daniel GERMAIN (vice président du conseil d'administration)
2003
14-08
State Gazette act
Capital & sharesCapital increase · Share issue · Accounting effect7 facts ▸
State Gazette act
Capital & shares
Capital increase · Share issue · Accounting effect7 facts ▸
- General meeting, 30/06/2003
- Capital increase, €25.800.000
- Share issue, 81872, 24.561.600
- Share issue, 4128, 1.238.400
- Accounting effect, 01/01/2003
- Capital, €61.675.500
- Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 directors, no change since 2026
Bernard THIRY
CurrentVice-chair · since 13-11-2025
Philippe LALLEMAND
CurrentChair · since 10-10-2023
DEMAL, Grégory
CurrentDirector · since 27-10-2022
Julie FERNANDEZ FERNANDEZ
CurrentDirector · since 27-04-2020
Laurent Levaux
CurrentDirector · since 27-04-2020
Nicolas Dumazy
CurrentDirector · since 17-12-2008
11 other directors
Heres Communications spri
Not recently confirmedVice-chair · since 27-04-2015 · Legal entity · perm. rep.: Pol HEYSE
GII SIMON
Not recently confirmedDirector · since 24-04-2017
HERES COMMUNICATIONS
Not recently confirmedDirector · since 16-12-2013 · Private limited company · perm. rep.: Pol HEYSE
Cécile BOLETTE
Not recently confirmedDirector · since 25-06-2013
JM BOURDOUX
Not recently confirmedDirector · since 25-06-2013
Elisabeth CALLEGARI
Not recently confirmedDirector · since 28-03-2012
Michel DAERDEN
Not recently confirmedChair · since 20-12-2011
Sylvianne PORTUGAELS
Not recently confirmedDirecteur général · since 19-01-2010
Daniel GERMAIN
Not recently confirmedVice président du conseil d'administration · since 15-06-2005
Gilbert VAN BOUCHAUTE
Not recently confirmedDirector (executive) · since 15-06-2005
Yves PARTHOENS
Not recently confirmedVice président du conseil d'administration · since 15-06-2005
01-04-2026
Bertrand DEMONCEAU: Resigned as Director
13-11-2025
Bernard THIRY: Resigned as Chair
13-11-2025
Bernard THIRY: Appointed as Vice-chair
13-11-2025
Philippe LALLEMAND: Appointed as Chair
28-04-2025
Nicolas Dumazy: Appointed as Director
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boulevard Piercot 464000 LiègeGround area
3,096 m²
Building footprint
1,479 m²
Volume, LiDAR
4,987 m³
2 parcels, Wallonia · tallest building 29.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
TEB PARTICIPATIONS
since 20032.132.454.928
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0232/00P000 | Wallonia | 2,397 m² | 1 · 1,222 m² | - |
| 62803A1378/00F002 ProtectedMonument |
Wallonia | 699 m² | 1 · 257 m² | 29.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
1 auditor| RSM INTERAUDIT SRLCurrent Statutory auditor · represented by Thomas Ghigny | 19-09-2024 → present |
Show 6 earlier auditors
| KPMG Entreprises SCRL civile Statutory auditor · represented by Christophe HABETS succeeded by PWC in 2016 | 10-12-2013 → 23-06-2016 |
| PWC Commissaire réviseur · represented by e15 succeeded by SCRL PwC Réviseurs d'Entreprises in 2019 | 23-06-2016 → 01-08-2019 |
| PwC Reviseurs d'Entreprises Statutory auditor succeeded by RSM INTERAUDIT SRL in 2024 | 17-01-2022 → 19-09-2024 |
| RSM INTERAUDIT Statutory auditor succeeded by RSM INTERAUDIT SRL in 2024 | 09-09-2021 → 19-09-2024 |
| RSM Interaudit SCRL Commissaire aux comptes succeeded by KPMG Entreprises SCRL civile in 2013 | 07-01-2011 → 10-12-2013 |
| SCRL PwC Réviseurs d'Entreprises Statutory auditor · represented by Isabelle RASMONT succeeded by RSM INTERAUDIT in 2021 | 01-08-2019 → 09-09-2021 |
Articles of association
Purpose
La société a pour objet la prise de participations dans le capital de toutes sociétés de droit public ou privé. Ces participations s’inscriront dans le cadre de la création, de la…
Full purpose
La société a pour objet la prise de participations dans le capital de toutes sociétés de droit public ou privé. Ces participations s’inscriront dans le cadre de la création, de la promotion et de la coordination d’ actions de reconversion économique, notamment par l’établissement de nouvelles activités économiques ou d’actions de diversification ou d’aide à des activités nouvelles ou existantes. La société peut accomplir toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières, se rapportant directement ou indirectement à son objet.
Structure & network
Connections & network
108 connected companiesLinked via shared directors
via Philippe LALLEMAND and Bernard THIRY · Director
→
via DEMAL, Grégory · Independent director
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via Julie FERNANDEZ FERNANDEZ · Director
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via DEMAL, Grégory · Director
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Show 104 more companies with a shared director
via Bernard THIRY · Administrateur non indépendant
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via Bernard THIRY · Administrateur non indépendant
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via Bernard THIRY · Administrateur non indépendant
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via DEMAL, Grégory and Bernard THIRY · Director
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via Philippe LALLEMAND and Bernard THIRY
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via Philippe LALLEMAND · Director
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via DEMAL, Grégory · Director
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via Philippe LALLEMAND and Bernard THIRY
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via DEMAL, Grégory and Philippe LALLEMAND · Director
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via Julie FERNANDEZ FERNANDEZ · Director
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via Bernard THIRY · Director
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via DEMAL, Grégory and Bernard THIRY · Director
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via Bernard THIRY · Independent director
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via Bernard THIRY · Director
former→
via Julie FERNANDEZ FERNANDEZ · Chair
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Représentant permanent d'ethias au conseil d'administration
former→
via Julie FERNANDEZ FERNANDEZ · Director
former→
via Philippe LALLEMAND and Bernard THIRY · Director
former→
via Philippe LALLEMAND and Bernard THIRY
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Vice-chair
former→
via DEMAL, Grégory · Membre ordinaire du conseil d'administration
former→
via Bernard THIRY · Bestuurder van klasse a
former→
via Bernard THIRY · Chair
former→
via DEMAL, Grégory · Administrateur délégué et administrateur
former→
via Bernard THIRY · Director
former→
via Philippe LALLEMAND · Director
former→
via Philippe LALLEMAND · Director
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Chair of the board
former→
via Philippe LALLEMAND · Director
former→
via Philippe LALLEMAND · Director
former→
via Julie FERNANDEZ FERNANDEZ · Director
former→
via Bernard THIRY · Director
former→
via Bernard THIRY · Director
former→
via Philippe LALLEMAND and Bernard THIRY · Director
former→
via Bernard THIRY · Director
former→
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Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 26-02-2026 ↗
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 26-02-2026 Capital increase of 20,976,204 EUR · to 82,651,704 EUR
- 20-12-2023 Capital stated in 2 acts · 61,675,500 EUR · 205,585 shares
- 14-08-2003 Capital increase of 25,800,000 EUR · to 61,675,500 EUR · 86,000 new shares
Similar companies · same sector, comparable size
PIA Group BeLux
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Moore Finance & Tax
BE 0451.657.041
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FORK INVEST
BE 0461.592.217
Brussel · Eq €43.65M
SOCOFIN
BE 0429.265.580
Elsene · Eq €42.44M
BETONELEC
BE 0708.902.724
Binche · Eq €41.73M
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 42 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-04-2003
Fiscal year end31-12
Abbreviation FR
NEB
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.