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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 2023.
Financials
Financial year 2025
FENGARI from Ranst, company number BE0457552859, closed financial year 2025 with a result of € 184,703 after tax. For that financial year FENGARI recorded a gross margin of € 16,071 and equity of € 5.5 million. Compared with financial year 2024, the result moved from € 823,054 to € 184,703. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 5.5 million
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 184,703
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 950,577
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 4,032
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 522
Loans from banks and other lenders, long and short.
€ 3,103
▲ € 2,420 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 94,964
▲ 20% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 333,188 | € 141,675 | € 73,507 | € 16,071 | ▼ 78% |
| Profit after taxes | € 2,244,078 | € 336,563 | € 823,054 | € 184,703 | ▼ 78% |
| Equity | € 7,620,141 | € 7,841,920 | € 8,506,680 | € 5,508,657 | ▼ 35% |
| Total debts | € 560,309 | € 444,905 | € 356,891 | € 1,260,386 | ▲ 253% |
| Cash | € 3,688,454 | € 303,475 | € 922,548 | € 950,577 | ▲ 3% |
| Land & buildings | € 6,548 | € 3,853 | € 1,159 | € 0 | ▼ 100% |
| Retained profit | € 7,613,936 | € 7,835,715 | € 8,500,475 | € 5,502,452 | ▼ 35% |
| Dividend | € 259,130 | € 114,785 | € 158,294 | € 3,182,726 | ▲ € 3 million |
| Bank debt | € 0 | € 0 | € 0 | € 522 | |
| Balance sheet total | € 8,180,450 | € 8,286,825 | € 8,863,571 | € 6,769,043 | ▼ 24% |
Key figures of FENGARI, 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 FENGARI?
What happened at FENGARI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 184,703 (▼ 78% vs 2024). Source: NBB ↗
- Frank Maene became a director. NBB
- New establishment in Ranst. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.2 million profit in 2022 to € 184,703 profit in 2025.
Paid € 891,881 in corporate taxes since 2022.
Best year ever: 2022, with € 2.2 million profit.
Paid out € 3.7 million in dividends to the owners in total.
Management
Behind FENGARI is Frank Maene. The shares are held by Frank Maene. It owns 75% of Volta Management, 60% of Volta Management II, 37% of Volta Management Seed and 17.3% of Hummingbird Partners NV itself.
Directors
According to the 2025 annual accounts
Frank Maene
Director
Is a shareholder
Also active at: VOLTA VENTURES ARKIV, SWEEPBRIGHT, VOLTA VENTURES II
since 2020
Shareholders
Frank Maene · director
Participations
Establishments
Establishment units
Physical locations of this company
Marreweg 21
2520 Ranst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0457.552.859
- VAT number
- BE 0457.552.859
- Registered office
- Marreweg 21, 2520 Ranst
- Names & denominations
- FENGARI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 1996
- Peppol
- Active · Active since 21 Nov 2025
- Contact
- [email protected]
- Activities · NACE
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