Financials
Financial year 2025
Frère-Bourgeois Holding from Gerpinnes, company number BE0767649585, closed financial year 2025 with a result of € 36.4 million after tax. For that financial year Frère-Bourgeois Holding recorded revenue of € 36,655 and equity of € 2.2 billion. Compared with financial year 2024, the result moved from € 50.5 million to € 36.4 million. 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 June 11, 2026.
€ 2.2 billion
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 36.4 million
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 5.4 million
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 512 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1.4
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 783,583
▼ 80% vs 2024
€ 559,700 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
None
No bank loans on the last day of the fiscal year.
€ 567,187
▲ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 158 days on average.
€ 226,420
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 857 | € 89,347 | € 36,655 | ▼ 59% |
| Profit after taxes | € 38,306,244 | € 19,732,231 | € 50,517,474 | € 36,399,683 | ▼ 28% |
| Equity | € 2,694,824,326 | € 2,697,519,275 | € 2,673,503,930 | € 2,197,926,401 | ▼ 18% |
| Total debts | € 7,737,502 | € 12,667,162 | € 22,717,100 | € 23,044,345 | ▲ 1% |
| Cash | € 46,760,307 | € 79,491,464 | € 80,944,579 | € 5,350,718 | ▼ 93% |
| Retained profit | € 2,592,709,978 | € 2,595,404,926 | € 2,571,389,582 | € 2,095,812,052 | ▼ 18% |
| Dividend | € 7,093,864 | € 17,037,283 | € 74,532,819 | € 511,977,213 | ▲ € 437.4 million |
| Balance sheet total | € 2,702,561,828 | € 2,710,186,437 | € 2,699,188,147 | € 2,223,674,967 | ▼ 18% |
| Employees (FTE) | 0.5 | 0.5 | 1 | 1.4 | ▲ 0.4 |
Key figures of Frère-Bourgeois Holding, 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 Frère-Bourgeois Holding?
What happened at Frère-Bourgeois Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gérald FRERE stepped down as director. NBB
- William FRERE stepped down as director. NBB
- Cedric FRERE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 36.4 million (▼ 28% vs 2024). Source: NBB ↗
- New establishment in Gerpinnes. KBO
- Gérald FRERE became a director. NBB
- William FRERE became a director. NBB
- Cedric FRERE became a director. NBB
In short
From € 38.3 million profit in 2022 to € 36.4 million profit in 2025.
Paid € 3.7 million in corporate taxes since 2022.
Best year ever: 2024, with € 50.5 million profit.
Paid out € 610.6 million in dividends to the owners in total.
Management
It owns 100% of HELIO CHARLEROI FINANCE, 100% of HARAS DE LA BIERLAIRE, 100% of 2K, 100% of LA BIERLAIRE, 75.1% of CARPAR and 24.9% of EAGLE CAPITAL itself.
Directors
According to the 2025 annual accounts
Gérald FRERE
Chairman of the board
Also active at: Financière de la Sambre, HARAS DE LA BIERLAIRE, DOMAINES FRERE-BOURGEOIS, GFO
since 2021 · until 2027
William FRERE
Director
Also active at: Financière de la Sambre, Investeringsmaatschappij Orion, HARAS DE LA BIERLAIRE, CAROLOREGIENNE DE PARTICIPATIONS, COMPAGNIE NATIONALE A PORTEFEUILLE, Fondation Charles-Albert Frère, LA BIERLAIRE, 2K +1 more
since 2021 · until 2027
Cedric FRERE
Managing director
Also active at: Investeringsmaatschappij Orion, HARAS DE LA BIERLAIRE, SOCIETE AGRICOLE DE GERPINNES, Fondation Charles-Albert Frère, GFO, 1E, LA BIERLAIRE, 2K +2 more
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Rue de la Blanche Borne(LOV) 12
6280 Gerpinnes
Rue de la Blanche Borne(GER) 12
6280 Gerpinnes
Active since 29 April 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →HARAS DE LA BIERLAIRE same network
€ 9,533 gross margin · 2025
COMPAGNIE NATIONALE A PORTEFEUILLE same network
€ 4 million revenue · 2025
SOCIETE AGRICOLE DE GERPINNES same network
€ -35,320 gross margin · 2025
DELCORTIL same network
€ -20,994 gross margin · 2025
MANOIR DE ROUMONT
€ 43,269 gross margin · 2025
+1 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
- 0767.649.585
- VAT number
- BE 0767.649.585
- Registered office
- Rue de la Blanche Borne(LOV) 12, 6280 Gerpinnes
- Names & denominations
- Frère-Bourgeois Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 2021
- Peppol
- Active · Active since 8 Apr 2025
- Activities · NACE
Activiteiten van holdings
Holdings