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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
FAGRON CAPITAL from Nazareth-De Pinte, company number BE0471941919, closed financial year 2025 with a result of € 652,380 after tax. Compared with financial year 2024, the result moved from € 2.6 million to € 652,380. The company is profitable. The buffer shrank hard: equity is 84 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 16.4 million
▼ 84% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 652,380
▼ 74% vs 2024
Profit after tax over the fiscal year.
€ 49 million
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 60 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 231,128
▲ 4% vs 2024
€ 115,600 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.
Debts at end 2025
€ 438.7 million
▼ 7% vs 2024
Loans from banks and other lenders, long and short.
€ 1.2 million
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 487 days on average.
€ 896,119
▼ 64% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 6,375,959 | € 9,703,520 | € 2,555,318 | € 652,380 | ▼ 74% |
| Equity | € 88,514,577 | € 98,218,097 | € 100,773,415 | € 16,425,795 | ▼ 84% |
| Total debts | € 528,510,725 | € 540,671,606 | € 489,529,476 | € 444,718,985 | ▼ 9% |
| Cash | € 19,359,107 | € 72,170,207 | € 37,909,530 | € 49,030,404 | ▲ 29% |
| Retained profit | € 57,140,386 | € 66,843,906 | € 69,399,224 | € 10,051,604 | ▼ 86% |
| Dividend | € 0 | € 0 | € 0 | € 60,000,000 | |
| Bank debt | € 520,935,007 | € 524,623,301 | € 471,559,430 | € 438,724,799 | ▼ 7% |
| Balance sheet total | € 617,025,303 | € 638,889,703 | € 590,302,891 | € 461,144,780 | ▼ 22% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of FAGRON CAPITAL, 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 FAGRON CAPITAL?
What happened at FAGRON CAPITAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rafael Padilla stepped down as director. NBB
- Cornelia de Jong stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 652,380 (▼ 74% vs 2024). Source: NBB ↗
- Rafael Padilla became a director. NBB
- Cornelia de Jong became a director. NBB
- New establishment in Nazareth-De Pinte. KBO
- Start of the company according to the CBE. KBO
In short
From € 6.4 million profit in 2022 to € 652,380 profit in 2025.
Paid € 6.9 million in corporate taxes since 2022.
Best year ever: 2023, with € 9.7 million profit.
Paid out € 60 million in dividends to the owners in total.
Management
The shares are held by Fagron NV (100%).
Directors
According to the 2025 annual accounts
Rafael Padilla
Director
Also active at: FAGRON BELGIUM, PHARMA-PACK, ABC DENTAL AND PHARMACEUTICAL CONSULTANCY, FAGRON COMPOUNDING SERVICES, FAGRON
since 2023 · until 2029
Cornelia de Jong
Managing director
Also active at: ABC DENTAL AND PHARMACEUTICAL CONSULTANCY, FAGRON
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Venecoweg 20A
9810 Nazareth-De Pinte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0471.941.919
- VAT number
- BE 0471.941.919
- Registered office
- Venecoweg 20A, 9810 Nazareth-De Pinte
- Names & denominations
- FAGRON CAPITAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 May 2000
- Peppol
- Active · Active since 1 Oct 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Managementactiviteiten van holdings
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen