Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Febex Invest from Aalst, company number BE0507672759, closed financial year 2025 with a result of € 11.2 million after tax. Compared with financial year 2024, the result moved from € 30.9 million to € 11.2 million. The company is profitable. 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 2, 2026.
€ 161.8 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11.2 million
▼ 64% vs 2024
Profit after tax over the fiscal year.
€ 10.1 million
▲ 116% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10 million paid out
89 % of the profit went to the shareholders, mostly to CEDAR (100 % of the shares). That is where the money ends up.
Debts at end 2025
€ 3.8 million
▲ 71% vs 2024
Loans from banks and other lenders, long and short.
€ 18,876
▲ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 25 days on average.
€ 142,080
▼ 41% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 837,401 | € 949,104 | € 472,474 | - | |
| Profit after taxes | € 20,361,891 | € 30,529,173 | € 30,900,282 | € 11,235,162 | ▼ 64% |
| Equity | € 822,322,323 | € 852,851,495 | € 160,574,595 | € 161,809,757 | ▲ 1% |
| Total debts | € 4,496,213 | € 239,507 | € 2,516,535 | € 13,932,635 | ▲ € 11.4 million |
| Cash | € 3,593,911 | € 1,135,212 | € 4,670,623 | € 10,075,306 | ▲ 116% |
| Retained profit | € 33,844,160 | € 64,373,332 | € 20,266,234 | € 21,501,397 | ▲ 6% |
| Dividend | € 8,300,000 | € 0 | € 0 | € 10,000,000 | |
| Bank debt | € 0 | € 0 | € 2,199,175 | € 3,750,000 | ▲ 71% |
| Balance sheet total | € 826,818,535 | € 853,091,002 | € 163,091,129 | € 175,742,392 | ▲ 8% |
| Employees (FTE) | 5.5 | 5.8 | 2.8 | - |
Key figures of Febex Invest, 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 Febex Invest?
What happened at Febex Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Denis Zenner stepped down as director. NBB
- FincoPro BV stepped down as director. NBB
- Pierre Macharis stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 11.2 million (▼ 64% vs 2024). Source: NBB ↗
- Denis Zenner became a director. NBB
- FincoPro BV became a director. NBB
- Pierre Macharis became a director. NBB
- New establishment in Aalst. KBO
In short
From € 20.4 million profit in 2022 to € 11.2 million profit in 2025.
Paid € 3.9 million in corporate taxes since 2022.
Best year ever: 2024, with € 30.9 million profit.
Paid out € 18.3 million in dividends to the owners in total.
A new publication or filing at Febex Invest? We notify you, reason included.
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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 CEDAR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Febex InvestThe shares are held by CEDAR (100%). It owns 100% of DENISON DEVELOPMENT LTD, 100% of SUNPACK and 37% of Geiranger Investments AS itself.
Directors
According to the 2025 annual accounts
since 2026 · until 2032
Director · represented by Erik Peeters
Also active at: COREX Belgium, IMMOWELL, ARGON, ECOFORMER, SMART PACKAGING SOLUTIONS, VPK SERVICES, COREX HOLDING, VPK FINANCE
since 2026 · until 2032
Pierre Macharis
Managing director
Also active at: VPK Group, Confédération of european paper industries, Pine Creek, UNDARO, EUCALYPTUS INVESTMENTS, MAPLE FINANCE, CEDAR, HOUSE OF PAPER
since 2026 · until 2032
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Kareelstraat 108
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →ARGON same network
€ 727,541 gross margin · 2025
Astral (Riyadhstraat)
€ 584,226 gross margin · 2024
COREX HOLDING same network
Windy Wood
Waaienbos
+8 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
- 0507.672.759
- VAT number
- BE 0507.672.759
- Registered office
- Kareelstraat 108, 9300 Aalst
- Names & denominations
- Febex Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2014
- Peppol
- Active · Active since 7 Sept 2026
- Activities · NACE
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies