Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.6 to 1.5.
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Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FG Bros from Brussel, company number BE0767658691, closed financial year 2025 with a result of € -10.6 million after tax. For that financial year FG Bros recorded revenue of € 255,398 and equity of € 2.9 billion. Compared with financial year 2024, the result moved from € 15.7 million to € -10.6 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 25, 2026.
€ 2.9 billion
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10.6 million
▼ still € 15.7 million profit in 2024
Profit after tax over the fiscal year.
€ 17 million
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.8 billion.
People and assets in 2025
1.5
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 324,222
▼ 60% vs 2024
€ 216,100 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.
€ 64,360
▲ 227% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 115 million
▼ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 397,351
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 2.2 million
▲ € 1.9 million vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 190,000 | € 321,359 | € 203,000 | € 255,398 | ▲ 26% |
| Profit after taxes | € 53,331,589 | € 38,981,438 | € 15,710,962 | € -10,564,191 | ▼ € 26.3 million |
| Equity | € 2,881,819,787 | € 2,920,801,224 | € 2,936,512,186 | € 2,919,417,661 | ▼ 1% |
| Total debts | € 16,183,273 | € 54,749,606 | € 121,517,118 | € 122,942,690 | ▲ 1% |
| Cash | € 49,877,182 | € 20,841,665 | € 17,732,528 | € 17,040,226 | ▼ 4% |
| Retained profit | € 2,779,377,423 | € 2,818,358,861 | € 2,834,069,823 | € 2,816,975,298 | ▼ 1% |
| Dividend | € 1,128,091 | € 0 | € 0 | € 6,530,334 | |
| Bank debt | € 4,166,667 | € 40,265,043 | € 117,500,000 | € 115,000,000 | ▼ 2% |
| Balance sheet total | € 2,898,003,060 | € 2,975,550,830 | € 3,058,029,304 | € 3,042,360,351 | ▼ 1% |
| Employees (FTE) | 2.3 | 4.6 | 3.9 | 1.5 | ▼ 2.4 |
Key figures of FG Bros, 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 FG Bros?
What happened at FG Bros in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Baptiste Douville de Franssu stepped down as director. NBB
- Ian Gallienne stepped down as director. NBB
- Jacques Peters stepped down as director. NBB
- Khaled Said stepped down as director. NBB
- Ségolène Frère stepped down as director. NBB
- Gerardo Braggiotti stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10.6 million (▼ € 26.3 million vs 2024). Source: NBB ↗
- Ian Gallienne became a director. NBB
In short
From € 53.3 million profit in 2022 to € 10.6 million loss in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2022, with € 53.3 million profit.
Paid out € 7.7 million in dividends to the owners in total.
A new publication or filing at FG Bros? 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
It owns 100% of FGB R S.à.r.l, 100% of Prifast Real Estate X, 97.5% of FG Investment, 75.1% of Eagle Capital, 50% of Financière de la Sambre and 24.9% of Carpar itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2027
Ian Gallienne
Director
Also active at: GROUPE BRUXELLES LAMBERT, Financière de la Sambre, CAROLOREGIENNE DE PARTICIPATIONS, COMPAGNIE NATIONALE A PORTEFEUILLE, FG Investment
since 2025 · until 2027
since 2025 · until 2027
Khaled Said
Director
since 2021 · until 2027
Ségolène Frère
Director
Also active at: Fondation Charles-Albert Frère, FG Investment, SG Gestion, FG Participations
since 2021 · until 2027
Gerardo Braggiotti
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Marnixlaan 24
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →Propriétés et Immeubles
ING LEASE BELGIUM
€ 133.9 million revenue · 2025
Fiducre
€ 56.4 million revenue · 2025
ING BELGIE
Sagerpar
+44 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
- 0767.658.691
- VAT number
- BE 0767.658.691
- Registered office
- Marnixlaan 24, 1000 Brussel
- Names & denominations
- FG Bros
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2021
- Peppol
- Active · Active since 23 Jun 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van hoofdkantoren