What does Fedrus International do?

Fedrus International is a holding company in Gent. Public Limited, started on 21 May 2015, 1 establishment.

What is the address of Fedrus International?

The registered office of Fedrus International is located at Geraard de Duivelstraat 1, 9000 Gent.

Is Fedrus International still active?

Yes. According to the CBE (29 October 2026) Fedrus International is active, legal situation “Normale toestand”, started on 21 May 2015.

Is Fedrus International registered on Peppol?

Yes, Fedrus International is registered on the Peppol network with ID 0208:0630779617.

What is the enterprise number of Fedrus International?

The enterprise number of Fedrus International is BE0630779617.

When was Fedrus International founded?

Fedrus International was founded on 21 May 2015.

Who are the directors of Fedrus International?

According to the 2025 annual accounts, the directors of Fedrus International are: ROI2 BV, Amber Vandecruys, Luxantor BV, Atee BV, Koiba NV, Mark Vandecruys.

Is Fedrus International a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 21 May 2015; 5 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did Fedrus International make in 2025?

Fedrus International recorded a loss after taxes of € 3,286,657 in financial year 2025.

What is the revenue of Fedrus International?

In its most recent annual accounts (2025), Fedrus International reported revenue of € 10,992,903.

How much does an employee at Fedrus International earn?

The average wage cost per full-time employee at Fedrus International was € 154,400 in 2025: staff costs of € 1.7 million for 10.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Fedrus International have?

According to the 2025 annual accounts, Fedrus International has 10.7 full-time equivalents (FTE).

Fedrus International (Public Limited) - Gent

Dossier Fedrus International, printed on 29 October 2026 from databakkes.be/en/0630779617/fedrus-international. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Shrinking team NBB

FTE fell two years in a row, from 27.5 to 10.7.

Financials

Financial year 2025

Fedrus International from Gent, company number BE0630779617, closed financial year 2025 with a result of € -3.3 million after tax. For that financial year Fedrus International recorded revenue of € 11 million and equity of € 118.3 million. Compared with financial year 2024, the result moved from € -3.8 million to € -3.3 million. The company made a loss. 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 June 15, 2026.

What it is worth Healthy

€ 118.3 million

▼ 9% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -3.3 million

▲ 13 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 18.8 million

▼ 26% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 57.3 million.

People and assets in 2025

Full-time equivalents

10.7

▼ 11.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 9.5 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 1.7 million

▼ 49% vs 2024

€ 154,400 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.

Vehicles and equipment

€ 157,410

▼ 69% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 39.7 million

▲ 29% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 2.6 million

▼ 3% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.

Taxes and wages

€ 502,425

▼ 25% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 23,383,805 Revenue 2022: € 23,383,805 First fiscal year in the series	€ 15,730,091 Revenue 2023: € 15,730,091 ▼ 33% vs 2022 (€ 23,383,805) Unfavourable step	€ 15,221,331 Revenue 2024: € 15,221,331 ▼ 3% vs 2023 (€ 15,730,091) Unfavourable step	€ 10,992,903 Revenue 2025: € 10,992,903 ▼ 28% vs 2024 (€ 15,221,331) Unfavourable step	▼ 28%
Profit after taxes	€ -637,183 Profit after taxes 2022: € -637,183 First fiscal year in the series	€ 28,294,495 Profit after taxes 2023: € 28,294,495 ▲ € 28.9 million vs 2022 (€ -637,183) Favourable step	€ -3,784,404 Profit after taxes 2024: € -3,784,404 ▼ € 32.1 million vs 2023 (€ 28,294,495) Unfavourable step	€ -3,286,657 Profit after taxes 2025: € -3,286,657 ▲ € 497,747 vs 2024 (€ -3,784,404) Favourable step	▲ € 497,747
Equity	€ 114,490,210 Equity 2022: € 114,490,210 First fiscal year in the series	€ 139,413,705 Equity 2023: € 139,413,705 ▲ 22% vs 2022 (€ 114,490,210) Favourable step	€ 130,629,301 Equity 2024: € 130,629,301 ▼ 6% vs 2023 (€ 139,413,705) Unfavourable step	€ 118,342,644 Equity 2025: € 118,342,644 ▼ 9% vs 2024 (€ 130,629,301) Unfavourable step	▼ 9%
Total debts	€ 113,484,048 Total debts 2022: € 113,484,048 First fiscal year in the series	€ 132,028,103 Total debts 2023: € 132,028,103 ▲ 16% vs 2022 (€ 113,484,048) Unfavourable step	€ 137,786,052 Total debts 2024: € 137,786,052 ▲ 4% vs 2023 (€ 132,028,103) Unfavourable step	€ 151,663,126 Total debts 2025: € 151,663,126 ▲ 10% vs 2024 (€ 137,786,052) Unfavourable step	▲ 10%
Cash	€ 245,330 Cash 2022: € 245,330 First fiscal year in the series	€ 21,134,326 Cash 2023: € 21,134,326 ▲ € 20.9 million vs 2022 (€ 245,330) Favourable step	€ 25,565,943 Cash 2024: € 25,565,943 ▲ 21% vs 2023 (€ 21,134,326) Favourable step	€ 18,816,582 Cash 2025: € 18,816,582 ▼ 26% vs 2024 (€ 25,565,943) Unfavourable step	▼ 26%
Retained profit	€ 53,490,210 Retained profit 2022: € 53,490,210 First fiscal year in the series	€ 78,413,705 Retained profit 2023: € 78,413,705 ▲ 47% vs 2022 (€ 53,490,210) Favourable step	€ 69,629,301 Retained profit 2024: € 69,629,301 ▼ 11% vs 2023 (€ 78,413,705) Unfavourable step	€ 57,342,644 Retained profit 2025: € 57,342,644 ▼ 18% vs 2024 (€ 69,629,301) Unfavourable step	▼ 18%
Dividend	€ 14,311,490 Dividend 2022: € 14,311,490 First fiscal year in the series	€ 3,371,000 Dividend 2023: € 3,371,000 ▼ 76% vs 2022 (€ 14,311,490) Unchanged	€ 5,000,000 Dividend 2024: € 5,000,000 ▲ 48% vs 2023 (€ 3,371,000) Unchanged	€ 9,000,000 Dividend 2025: € 9,000,000 ▲ 80% vs 2024 (€ 5,000,000) Unchanged	▲ 80%
Bank debt	€ 39,791,017 Bank debt 2022: € 39,791,017 First fiscal year in the series	€ 30,484,979 Bank debt 2023: € 30,484,979 ▼ 23% vs 2022 (€ 39,791,017) Favourable step	€ 30,805,898 Bank debt 2024: € 30,805,898 ▲ 1% vs 2023 (€ 30,484,979) Unfavourable step	€ 39,651,461 Bank debt 2025: € 39,651,461 ▲ 29% vs 2024 (€ 30,805,898) Unfavourable step	▲ 29%
Balance sheet total	€ 227,975,279 Balance sheet total 2022: € 227,975,279 First fiscal year in the series	€ 271,444,513 Balance sheet total 2023: € 271,444,513 ▲ 19% vs 2022 (€ 227,975,279) Unchanged	€ 268,419,290 Balance sheet total 2024: € 268,419,290 ▼ 1% vs 2023 (€ 271,444,513) Unchanged	€ 270,009,594 Balance sheet total 2025: € 270,009,594 ▲ 1% vs 2024 (€ 268,419,290) Unchanged	▲ 1%
Employees (FTE)	37.8 Employees (FTE) 2022: 37.8 First fiscal year in the series	27.5 Employees (FTE) 2023: 27.5 ▼ 10.3 vs 2022 (37.8) Unchanged	22.3 Employees (FTE) 2024: 22.3 ▼ 5.2 vs 2023 (27.5) Unchanged	10.7 Employees (FTE) 2025: 10.7 ▼ 11.6 vs 2024 (22.3) Unchanged	▼ 11.6

Key figures of Fedrus International, 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 Fedrus International?

What happened at Fedrus International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Amber Vandecruys stepped down as director. NBB
2027 ROI2 BV stepped down as director. NBB
2027 Luxantor BV stepped down as director. NBB
2027 Atee BV stepped down as director. NBB
2027 Koiba NV stepped down as director. NBB
2027 Mark Vandecruys stepped down as director. NBB
Jun 15, 2026 New annual accounts for financial year 2025: loss of € 3.3 million. Source: NBB ↗
2024 Amber Vandecruys became a director. NBB

In short

From € 637,183 loss in 2022 to € 3.3 million loss in 2025.

Paid € 120,202 in corporate taxes since 2022.

Best year ever: 2023, with € 28.3 million profit.

Paid out € 31.7 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

KOIBA 94.5%

Lysias 3.9%

VM BUILDING SOLUTIONS 0.1%

The stake of KOIBA, Lysias, VM BUILDING SOLUTIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Fedrus International

VM Building Solutions 100%

Fedrus Growth Capital 100%

Plastivan Invest 100%

Apok 100%

The shares are held by KOIBA (94.5%), Lysias (3.9%) and VM BUILDING SOLUTIONS (0.1%). It owns 100% of VM Building Solutions, 100% of Fedrus Growth Capital , 100% of Plastivan Invest, 100% of Apok, 100% of Heli Group and 50% of Melis-Vandecruys itself.