Financials
Financial year 2025
FN HERSTAL from Herstal, company number BE0441928931, closed financial year 2025 with a result of € 65.4 million after tax. For that financial year FN HERSTAL recorded revenue of € 422 million and equity of € 460 million. Compared with financial year 2024, the result moved from € 21.3 million to € 65.4 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 June 23, 2026.
€ 460 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 65.4 million
▲ 207% vs 2024
Profit after tax over the fiscal year.
€ 69.7 million
▲ 191% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15 million paid out
23 % of the profit went to the shareholders, mostly to Fn Browning Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
1,488.8
▲ 67.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 152.1 million
▲ 10% vs 2024
€ 102,200 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.
€ 8.8 million
▲ € 7.2 million vs 2024
Of which on lease € 7.5 million.
Debts at end 2025
€ 18.2 million
▲ 98% vs 2024
€ 786,636 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 82.3 million
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 130 days on average.
€ 50 million
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 273,302,034 | € 305,221,781 | € 360,728,439 | € 421,971,608 | ▲ 17% |
| Profit after taxes | € -29,013,359 | € 66,063,854 | € 21,284,560 | € 65,355,406 | ▲ 207% |
| Equity | € 357,279,795 | € 421,343,649 | € 409,628,209 | € 459,983,614 | ▲ 12% |
| Total debts | € 170,121,747 | € 223,580,723 | € 245,536,089 | € 291,260,136 | ▲ 19% |
| Cash | € 15,398,078 | € 18,123,780 | € 23,933,017 | € 69,747,042 | ▲ 191% |
| Land & buildings | € 7,913,102 | € 7,219,381 | € 6,537,343 | € 6,383,165 | ▼ 2% |
| Retained profit | € 215,860,454 | € 279,924,308 | € 268,208,868 | € 318,564,273 | ▲ 19% |
| Dividend | € 0 | € 2,000,000 | € 33,000,000 | € 15,000,000 | ▼ 55% |
| Bank debt | € 0 | € 569,902 | € 9,171,371 | € 18,150,764 | ▲ 98% |
| Balance sheet total | € 593,905,937 | € 715,938,891 | € 718,483,443 | € 788,462,623 | ▲ 10% |
| Employees (FTE) | 1,454.4 | 1,378.7 | 1,421.2 | 1,488.8 | ▲ 67.6 |
Key figures of FN HERSTAL, 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 FN HERSTAL?
What happened at FN HERSTAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fabienne BOZET stepped down as director. NBB
- Emmanuel BOIS D'ENGHIEN stepped down as director. NBB
- Derrick-philippe GOSSELIN stepped down as director. NBB
- Marie-Kristine VANBOCKESTAL stepped down as director. NBB
- Olivier VANDERIJST stepped down as director. NBB
- Julien COMPERE stepped down as director. NBB
- Astrid PIERON stepped down as director. NBB
- Yves PRETE stepped down as director. NBB
In short
From € 29 million loss in 2022 to € 65.4 million profit in 2025.
Paid € 8.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 66.1 million profit.
Paid out € 50 million in dividends to the owners in total.
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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 Fn Browning Group (100%) and Browning SA (0%). It owns 100% of FNH UK Holding, 100% of FN HERSTAL FAR EAST AND AUSTRALASIA PTE LTD, 100% of NOPTEL OY, 100% of FN AMERICA INC, 81.1% of HERSTAL GROUP SERVICES and 30% of Logistic Support For Land Systems SA itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2021 · until 2026
since 2023 · until 2029
Julien COMPERE
Director, Managing director
Also active at: HERSTAL GROUP SERVICES, FN Browning Group, BROWNING
since 2021 · until 2026
since 2021 · until 2026
since 2023 · until 2029
since 2021 · until 2026
since 2025 · until 2026
since 2021 · until 2026
since 2021 · until 2025
since 2023 · until 2029
Shareholders
100%
0%
Participations
FNH UK Holding
100%
FN HERSTAL FAR EAST AND AUSTRALASIA PTE LTD
100%
NOPTEL OY
100%
FN AMERICA INC
100%
81.1%
Establishments
Establishment units
Physical locations of this company
Voie de Liège 33
4040 Herstal
Heiwijkerweg 62
3690 Zutendaal
Active since 18 June 1992
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →HERSTAL GROUP SERVICES same network
€ 1.4 million revenue · 2025
FN Browning Group same network
€ 18.3 million revenue · 2025
BROWNING same network
FONDS DE PREPENSION HERSTAL asbl
FONDATION ARS MECHANICA
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.928.931
- VAT number
- BE 0441.928.931
- Registered office
- Voie de Liège 33, 4040 Herstal
- Names & denominations
- FN HERSTAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 1990
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van wapens en munitie
Vervaardiging van lichte wapens en sportwapens
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Overige gespecialiseerde bouwwerkzaamheden