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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NEB PARTICIPATIONS from Liège, company number BE0480029739, closed financial year 2025 with a result of € 14.2 million after tax. Compared with financial year 2024, the result moved from € 12.2 million to € 14.2 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 May 8, 2026.
€ 67.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14.2 million
▲ 17% vs 2024
Profit after tax over the fiscal year.
€ 2.2 million
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 14 million paid out
99 % of the profit went to the shareholders, mostly to NETHYS (71 % of the shares). That is where the money ends up.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10,687
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 24 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 11,324,617 | € 12,874,591 | € 12,202,294 | € 14,243,342 | ▲ 17% |
| Equity | € 66,381,796 | € 67,121,231 | € 67,731,346 | € 67,943,050 | |
| Total debts | € 10,892,794 | € 12,264,602 | € 11,721,816 | € 14,042,324 | ▲ 20% |
| Cash | € 17,222,285 | € 6,773,338 | € 7,241,705 | € 2,248,360 | ▼ 69% |
| Retained profit | € 4,706,296 | € 5,445,731 | € 6,055,846 | € 6,267,550 | ▲ 3% |
| Dividend | € 10,760,000 | € 12,135,156 | € 11,592,179 | € 14,031,638 | ▲ 21% |
| Balance sheet total | € 77,274,590 | € 79,385,833 | € 79,453,161 | € 82,079,874 | ▲ 3% |
Key figures of NEB PARTICIPATIONS, 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 NEB PARTICIPATIONS?
What happened at NEB PARTICIPATIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Julie FERNANDEZ FERNANDEZ stepped down as director. NBB
- Bertrand DEMONCEAU stepped down as director. NBB
- Nicolas DUMAZY stepped down as director. NBB
- Laurent LEVAUX stepped down as director. NBB
- Grégory DEMAL stepped down as director. NBB
- Philippe LALLEMAND stepped down as director. NBB
- Bernard THIRY stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 14.2 million (▲ 17% vs 2024). Source: NBB ↗
In short
From € 11.3 million profit in 2022 to € 14.2 million profit in 2025.
Best year ever: 2025, with € 14.2 million profit.
Paid out € 48.5 million in dividends to the owners in total.
Pays suppliers within 24 days on average.
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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 stake of NETHYS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NEB PARTICIPATIONSThe shares are held by NETHYS (70.6%). It owns 50.4% of Liège Airport, 21.8% of SOCOFE and 20.9% of NOSHAQ itself.
Directors
According to the 2025 annual accounts
since 2020 · until 2030
since 2023 · until 2030
since 2025 · until 2030
since 2019 · until 2030
Grégory DEMAL
Director
Also active at: INTER - REGIES, NETHYS IMMO, CREDIS, L' AVENIR ADVERTISING, NEB FONCIERE
since 2022 · until 2030
since 2019 · until 2030
since 2019 · until 2030
Shareholders
70.6%
Participations
Establishments
Establishment units
Physical locations of this company
Boulevard Piercot 46
4000 Liège
Rue Louvrex 95
4000 Liège
Active since 25 June 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →ENODIA
NETHYS IMMO same network
€ 332,762 gross margin · 2025
CREDIS same network
€ -17,549 gross margin · 2025
NETHYS same network
€ 488,102 revenue · 2025
"NETHYS UNITE TVA"
+3 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
- 0480.029.739
- VAT number
- BE 0480.029.739
- Registered office
- Boulevard Piercot 46, 4000 Liège
- Names & denominations
- NEB PARTICIPATIONS · NEB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 2003
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants
Boekhouders
Boekhouders en boekhouders-fiscalisten