Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES from Liège, company number BE0252151302, closed financial year 2025 with a result of € 111.7 million after tax. For that financial year SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES recorded revenue of € 502.8 million and equity of € 2.3 billion. Compared with financial year 2024, the result moved from € 100.7 million to € 111.7 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 13, 2026.
€ 2.3 billion
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 111.7 million
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 224.6 million
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 554.2 million.
People and assets in 2025
49.5
▲ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.3 million
▲ 13% vs 2024
€ 126,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 345.6 million
▼ 4% vs 2024
Of which on lease € 345 million.
Debts at end 2025
€ 494.8 million
▼ 7% vs 2024
€ 27.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 139.3 million
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 234 days on average.
€ 34 million
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 413,451,586 | € 460,337,690 | € 491,032,419 | € 502,753,680 | ▲ 2% |
| Profit after taxes | € 47,444,386 | € 97,790,283 | € 100,711,948 | € 111,713,611 | ▲ 11% |
| Equity | € 1,931,931,595 | € 2,052,683,314 | € 2,174,375,166 | € 2,305,147,846 | ▲ 6% |
| Total debts | € 727,256,364 | € 729,453,858 | € 775,359,705 | € 711,365,502 | ▼ 8% |
| Cash | € 152,988,731 | € 177,757,081 | € 197,014,579 | € 224,561,353 | ▲ 14% |
| Land & buildings | € 1,858,482,934 | € 1,920,785,396 | € 2,150,644,733 | € 2,251,384,425 | ▲ 5% |
| Retained profit | € 243,964,699 | € 341,754,982 | € 442,466,930 | € 554,180,541 | ▲ 25% |
| Bank debt | € 587,195,638 | € 560,107,671 | € 533,842,752 | € 494,762,474 | ▼ 7% |
| Balance sheet total | € 2,672,691,152 | € 2,782,284,736 | € 2,949,882,435 | € 3,016,660,912 | ▲ 2% |
| Employees (FTE) | 49.4 | 48.3 | 47.4 | 49.5 | ▲ 2.1 |
Key figures of SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES?
What happened at SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Simon LACROIX stepped down as director. NBB
- Virginie DEFRANG-FIRKET stepped down as director. NBB
- Justine COMIJN stepped down as director. NBB
- François PIETTE stepped down as director. NBB
- Michaël REUL stepped down as director. NBB
- Christophe CIEPERS stepped down as director. NBB
- Marie-Laure MAES stepped down as director. NBB
- François KINARD stepped down as director. NBB
In short
From € 47.4 million profit in 2022 to € 111.7 million profit in 2025.
Paid € 24 million in corporate taxes since 2022.
Best year ever: 2025, with € 111.7 million profit.
A new publication or filing at SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Virginie DEFRANG-FIRKET
Vice-chairman of the board
since 2025 · until 2031
since 2025 · until 2031
François PIETTE
Director
Also active at: ASSOCIATION JEAN HOUSIAUX POUR LE DEVELOPPEMENT DE L'ENSEIGNEMENT DANS LE CENTRE SCOLAIRE CATHOLIQUE ASTY-MOULIN, INTERNAT D'ASTY-MOULIN
since 2025 · until 2031
Michaël REUL
Director
Also active at: INSTITUUT WEGTRANSPORT EN LOGISTIEK BELGIE, Mercurius Insurance Brokers, POLE FORMATION EMPLOI POUR LE TRANSPORT ET LA LOGISTIQUE ET LE PORT DE BRUXELLES, Paycover
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2031
François KINARD
Chairman of the board
since 2025 · until 2031
since 2025 · until 2031
Thierry LESPLINGART
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Rue Canal-de-l'Ourthe 9 box 3
4031 Liège
Quai des Ardennes 127
4031 Liège
Active since 1 January 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
Domain
Domain
sofico.org
Registered
2002-02-06
Registrar
DNC Holdings, Inc.
Expires
2027-02-06
Website info
Features
Security
Details
- Company number
- 0252.151.302
- VAT number
- BE 0252.151.302
- Registered office
- Rue Canal-de-l'Ourthe 9 bus 3, 4031 Liège
- Names & denominations
- SOCIETE WALLONNE DE FINANCEMENT COMPLEMENTAIRE DES INFRASTRUCTURES · SOFICO
- Enterprise type
- Rechtspersoon
- Legal form
- Other legal form
- Legal situation
- Normale toestand
- Start date
- 10 March 1994
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- sofico.org [email protected]
- Activities · NACE
Openbaar bestuur op het gebied van het bedrijfsleven; stimuleren van het bedrijfsleven
Activiteiten van openbare instellingen m.b.t. economische aangelegenheden
Overheden van gemeenschappen en gewesten