Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Foncière des Fagnes from Malmedy, company number BE0801289185, closed financial year 2025 with a result of € -80,178 after tax. For that financial year Foncière des Fagnes recorded a gross margin of € -37,360 and equity of € -221,366. Compared with financial year 2024, the result moved from € -199,553 to € -80,178. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ -221,366
▼ € 80,178 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -80,178
▲ 60 % less loss than in 2024
Profit after tax over the fiscal year.
€ 20,428
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -286,366.
Debts at end 2025
€ 900,125
▲ 51% vs 2024
Loans from banks and other lenders, long and short.
€ 95,305
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -812 | € -148,150 | € -37,360 | ▲ € 110,790 |
| Profit after taxes | € -6,635 | € -199,553 | € -80,178 | ▲ € 119,376 |
| Equity | € 58,365 | € -141,189 | € -221,366 | ▼ € 80,178 |
| Total debts | € 272,415 | € 967,157 | € 1,435,430 | ▲ 48% |
| Cash | € 11,520 | € 23,641 | € 20,428 | ▼ 14% |
| Retained profit | € -6,635 | € -206,189 | € -286,366 | ▼ € 80,178 |
| Bank debt | € 225,000 | € 597,000 | € 900,125 | ▲ 51% |
| Balance sheet total | € 330,779 | € 825,968 | € 1,214,064 | ▲ 47% |
Key figures of Foncière des Fagnes, fiscal years 2023 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 Foncière des Fagnes?
What happened at Foncière des Fagnes in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rochimco stepped down as director. NBB
- NELLES FRERES stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 80,178. Source: NBB ↗
- New establishment in Malmedy. KBO
- NELLES FRERES became a director. NBB
- Start of the company according to the CBE. KBO
- Rochimco became a director. NBB
In short
From € 6,635 loss in 2023 to € 80,178 loss in 2025.
Management
The stake of NELLES FRERES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Foncière des FagnesThe shares are held by NELLES FRERES (50%).
Directors
According to the 2025 annual accounts
Andere functie · represented by Wauthier Dumont de Chassart
Also active at: COASS IMMO, HOLLOGNE DEVELOPPEMENT
since 2023 · until 2029
Andere functie · represented by Charles NELLES
Also active at: Pierres et Marbres de Wallonie, BETON NELLES RECYCLAGE, NELLES TRANSPORTS, NB BETON, Dimitri Blaise, Pierres Naturelles, ALEXANDRE IMMO, HOLLOGNE DEVELOPPEMENT
since 2023 · until 2029
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Xhoffraix-Au-dessus des Trous 4
4960 Malmedy
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →NELLES FRERES same network
€ 40.1 million revenue · 2025
BETON NELLES RECYCLAGE same network
€ 496,507 gross margin · 2025
NELLES TRANSPORTS same network
€ 602,899 gross margin · 2025
NELLES RECYCLAGE
€ 472,402 gross margin · 2025
NELLES GROUPE
+20 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
- 0801.289.185
- VAT number
- BE 0801.289.185
- Registered office
- Xhoffraix-Au-dessus des Trous 4, 4960 Malmedy
- Names & denominations
- Foncière des Fagnes
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2023
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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