Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FN Browning Group from Herstal, company number BE0444340370, closed financial year 2025 with a result of € 180.5 million after tax. For that financial year FN Browning Group recorded revenue of € 18.3 million and equity of € 501.3 million. Compared with financial year 2024, the result moved from € 20.9 million to € 180.5 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 22, 2026.
€ 501.3 million
▲ 104% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 180.5 million
▲ € 159.6 million vs 2024
Profit after tax over the fiscal year.
€ 44,706
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25 million paid out
14 % of the profit went to the shareholders, mostly to Wallonie Entreprendre (100 % of the shares). That is where the money ends up.
People and assets in 2025
29.3
▲ 5.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.9 million
€ 234,100 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.
€ 12,646
▼ 54% vs 2024
Of which on lease € 8,136.
Debts at end 2025
€ 155.9 million
▲ 246% vs 2024
€ 4,265 is repaid this year. At this pace the long-term loan is gone in ≈ 36348 years.
€ 3.2 million
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 3.1 million
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,258,117 | € 14,543,227 | € 16,241,827 | € 18,328,192 | ▲ 13% |
| Profit after taxes | € 13,423,193 | € 13,771,778 | € 20,870,652 | € 180,485,135 | ▲ € 159.6 million |
| Equity | € 246,151,656 | € 244,923,434 | € 245,794,086 | € 501,279,221 | ▲ 104% |
| Total debts | € 64,949,632 | € 65,843,160 | € 72,127,438 | € 187,761,199 | ▲ 160% |
| Cash | € 2,630,003 | € 1,641,800 | € 2,406,156 | € 44,706 | ▼ 98% |
| Retained profit | € 44,024,380 | € 42,796,158 | € 43,666,810 | € 199,151,945 | ▲ € 155.5 million |
| Dividend | € 10,000,000 | € 15,000,000 | € 20,000,000 | € 25,000,000 | ▲ 25% |
| Bank debt | € 49,300,000 | € 47,500,000 | € 45,012,401 | € 155,859,466 | ▲ 246% |
| Balance sheet total | € 311,118,055 | € 310,766,594 | € 317,921,524 | € 689,040,420 | ▲ 117% |
| Employees (FTE) | 15.6 | 22.6 | 23.7 | 29.3 | ▲ 5.6 |
Key figures of FN Browning Group, 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 Browning Group?
What happened at FN Browning Group 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 € 13.4 million profit in 2022 to € 180.5 million profit in 2025.
Paid € 21,286 in corporate taxes since 2022.
Best year ever: 2025, with € 180.5 million profit.
Paid out € 70 million in dividends to the owners in total.
Management
The shares are held by Wallonie Entreprendre (100%). It owns 100% of BROWNING S.A., 100% of FN HERSTAL S.A., 99.9% of SOFISPORT SA, 50% of FNX VENTURES, 11.8% of HERSTAL GROUP SERVICES and BROWNING INTERNATIONAL itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2020 · until 2026
since 2023 · until 2029
Julien COMPERE
Managing director, Director
Also active at: HERSTAL GROUP SERVICES, FN HERSTAL, BROWNING
since 2021 · until 2026
since 2020 · until 2026
since 2023 · until 2029
since 2020 · until 2026
since 2025 · until 2026
since 2021 · until 2026
since 2020 · until 2025
since 2023 · until 2029
Shareholders
Participations
100%
100%
SOFISPORT SA
99.9%
50%
11.8%
Establishments
Establishment units
Physical locations of this company
Voie de Liège 33
4040 Herstal
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 HERSTAL same network
€ 422 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
FASTLY - Fastly, Inc., US
Domain
Domain
browning.eu
Registrar
CSC CORPORATE DOMAINS INC.
Website info
Features
Security
Network
Details
- Company number
- 0444.340.370
- VAT number
- BE 0444.340.370
- Registered office
- Voie de Liège 33, 4040 Herstal
- Names & denominations
- FN Browning Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 June 1991
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- browning.eu
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Holdings
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