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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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FOUNTAIN from Braine-l'Alleud, company number BE0412124393, closed financial year 2025 with a result of € 146,270 after tax. For that financial year FOUNTAIN recorded revenue of € 13.1 million and equity of € 4.2 million. Compared with financial year 2023, the result moved from € 137,025 to € 146,270. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 4.2 million
▲ 31% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 146,270
▲ 7% vs 2023
Profit after tax over the fiscal year.
€ 698,743
▲ 236% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 341,831.
People and assets in 2025
17.7
▲ 1.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 22% vs 2023
€ 96,100 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.
€ 110,823
▼ 11% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 680,556
▼ 68% vs 2023
€ 558,174 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 2.9 million
▲ 8% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 383,849
▲ 38% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,713,209 | € 10,532,181 | € 13,026,653 | € 13,104,081 | ▲ 1% |
| Profit after taxes | € -404,799 | € -34,916 | € 137,025 | € 146,270 | ▲ 7% |
| Equity | € 1,758,156 | € 3,028,280 | € 3,165,305 | € 4,161,582 | ▲ 31% |
| Total debts | € 7,846,313 | € 8,648,409 | € 9,388,039 | € 9,732,562 | ▲ 4% |
| Cash | € 600,322 | € 192,911 | € 207,834 | € 698,743 | ▲ 236% |
| Land & buildings | € 269,164 | € 216,854 | € 164,544 | € 99,157 | ▼ 40% |
| Retained profit | € -756,555 | € -791,471 | € -654,447 | € 341,831 | ▲ € 996,277 |
| Bank debt | € 3,434,140 | € 2,776,678 | € 2,109,287 | € 680,556 | ▼ 68% |
| Balance sheet total | € 9,616,969 | € 11,687,919 | € 12,564,573 | € 13,905,375 | ▲ 11% |
| Employees (FTE) | 25.1 | 19.6 | 16.6 | 17.7 | ▲ 1.1 |
Key figures of FOUNTAIN, fiscal years 2021 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 FOUNTAIN?
What happened at FOUNTAIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- QUAEROQ NV stepped down as director. NBB
- Valor Conseil SRL stepped down as director. NBB
- Bernard Razaghi Finance srl stepped down as director. NBB
- Othilie Nicod Conseil stepped down as director. NBB
- DARE Consulting SRL stepped down as director. NBB
- The Multiplier Bv stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 146,270 (▲ 7% vs 2023). Source: NBB ↗
- Bernard Razaghi Finance srl became a director. NBB
In short
From € 404,799 loss in 2021 to € 146,270 profit in 2025.
Paid € 12,773 in corporate taxes since 2021.
Best year ever: 2025, with € 146,270 profit.
Pays suppliers within 85 days on average.
A new publication or filing at FOUNTAIN? 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
The shares are held by Quaeroq nv (33.1%), Public Public (30.6%), Frédéric Tiberghien (21.5%), Alychlo nv (13.7%), Marc Coucke (0.6%) and Dare Consulting Srl (0.5%). It owns 100% of FOUNTAIN NETHERLANDS HOLDING, 100% of JAVRY and 0.6% of FOUNTAIN FRANCE IMPORTATEUR itself.
Directors
According to the 2025 annual accounts
Othilie Nicod Conseil
Director · represented by Othilie NICOD
since 2022 · until 2028
Director · represented by Frédéric TIBERGHIEN
Also active at: T. PALM, T. PALM MANAGEMENT, REALCO, Javry, CIKISI, BIOCAP & CO, POY GROUP
since 2020 · until 2027
since 2023 · until 2029
Director · represented by Valérie Baïssas-Clar
since 2024 · until 2029
Director · represented by Christophe Hossein
since 2026 · until 2029
Director · represented by Axel Vuylsteke
Also active at: FOUNTAIN BENELUX, VINVENTIONS
since 2023 · until 2027
Shareholders
33.1%
Public Public
30.6%
Frédéric Tiberghien
21.5%
13.7%
Marc Coucke
0.6%
0.5%
Participations
Establishments
Establishment units
Physical locations of this company
Avenue de l'Artisanat 17
1420 Braine-l'Alleud
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.124.393
- VAT number
- BE 0412.124.393
- Registered office
- Avenue de l'Artisanat 17, 1420 Braine-l'Alleud
- Names & denominations
- FOUNTAIN · FIESA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 1972
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Groothandel in andere voedingsmiddelen, neg
Groothandel in dranken, algemeen assortiment