ACTIVE

FREXA

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Financial year 2024 · closed on 31/12/2024

Net result

86 k €

+15.9% YoY

Gross margin

810,2 k €

+5.1% YoY

Equity

3,9 M €

+2.3% YoY

What does FREXA do?

FREXA is a Public limited company incorporated in 1935. Its main activity is: Buying and selling of own real estate. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.309.190

Incorporation

15/11/1935

Legal form

Public limited company

Registered office

Peter Benoitstraat 3
3500 Hasselt · FlandreSee on map

Contributed capital

737 396,57 €

Latest accounts

31/12/2024

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70120Activities of head offices

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	810,2 k €	+5.1%	771 k €	+5.6%	730 k €	-11.3%	823 k €	+4.8%	785,6 k €	+19.0%	660,3 k €	-14.5%	772,4 k €	+3.9%	743,3 k €	+51.9%	489,4 k €	+79.4%	272,8 k €	+67.2%	163,2 k €	-58.7%	395,3 k €	+6.0%	372,9 k €	-18.7%	459 k €	+9.5%	419,1 k €	+1.0%	414,8 k €	+6.4%	389,8 k €	-7.7%	422,3 k €
EBITDA	736,3 k €	+0.7%	731,5 k €	+6.2%	689,1 k €	-10.6%	771,1 k €	+4.0%	741,3 k €	+17.7%	629,6 k €	-15.4%	744,4 k €	+3.2%	721,3 k €	+53.6%	469,6 k €	+88.2%	249,5 k €	+117%	115,1 k €	-69.2%	373,9 k €	+5.7%	353,7 k €	-18.1%	431,7 k €	+7.8%	400,4 k €	+5.5%	379,5 k €	+4.4%	363,6 k €	-11.0%	408,5 k €
Operating result	216,2 k €	+2.9%	210 k €	+24.4%	168,8 k €	-34.5%	257,7 k €	+58.3%	162,7 k €	+394%	33 k €	-82.5%	188,7 k €	+14.9%	164,2 k €	+200%	54,7 k €	+108%	-662,1 k €	-552%	-101,5 k €	-1071%	10,5 k €	+203%	-10,1 k €	+96.0%	-251,4 k €	-280%	139,4 k €	+32.1%	105,5 k €	-9.7%	116,9 k €	-27.2%	160,6 k €
Net result	86 k €	+15.9%	74,2 k €	+261%	20,6 k €	-66.9%	62,2 k €	+104%	30,5 k €	+130%	-100,1 k €	-17215%	584,9 €	+106%	-10 k €	+84.6%	-64,7 k €	+88.5%	-561,3 k €	-427%	-106,6 k €	-103%	3,6 M €	+3214%	-115,5 k €	+67.0%	-350,5 k €	-550%	77,9 k €	+57.6%	49,4 k €	-78.0%	224,4 k €	+164%	85,1 k €
Balance sheet
Equity	3,9 M €	+2.3%	3,8 M €	+2.0%	3,7 M €	+0.6%	3,7 M €	+1.7%	3,6 M €	+0.8%	3,6 M €	-2.7%	3,7 M €	+0.0%	3,7 M €	-0.3%	3,7 M €	-1.7%	3,8 M €	-13.0%	4,3 M €	-24.7%	5,8 M €	+167%	2,2 M €	-5.1%	2,3 M €	-13.4%	2,6 M €	+3.1%	2,5 M €	+2.0%	2,5 M €	+5.7%	2,4 M €
Total assets	6,1 M €	-5.5%	6,5 M €	-6.1%	6,9 M €	-8.0%	7,5 M €	-4.7%	7,9 M €	-3.4%	8,2 M €	-8.3%	8,9 M €	+6.3%	8,4 M €	-5.0%	8,8 M €	+15.5%	7,6 M €	+49.7%	5,1 M €	-17.8%	6,2 M €	+9.1%	5,7 M €	-5.1%	6 M €	+47.8%	4,1 M €	-1.7%	4,1 M €	-0.7%	4,2 M €	-6.4%	4,4 M €
Cash	1,4 k €	-99.6%	362,6 k €	+14.0%	317,9 k €	-38.1%	513,6 k €	-6.8%	551 k €	+515%	89,5 k €	-86.4%	659,1 k €	+1.3%	650,9 k €	-65.8%	1,9 M €	+45.5%	1,3 M €	-23.9%	1,7 M €	+78.3%	963,3 k €	+1011535%	95,2 €	-98.6%	6,8 k €	-84.5%	44,2 k €	-44.0%	78,9 k €	-65.3%	227,4 k €	-11.5%	256,8 k €
Debts	2,3 M €	-16.9%	2,7 M €	-15.2%	3,2 M €	-16.2%	3,8 M €	-10.4%	4,3 M €	-6.7%	4,6 M €	-12.3%	5,2 M €	+11.2%	4,7 M €	-6.8%	5 M €	+29.9%	3,9 M €	+400%	774,7 k €	+67.2%	463,4 k €	-86.9%	3,5 M €	-5.1%	3,7 M €	+159%	1,4 M €	-8.8%	1,6 M €	-4.8%	1,7 M €	-20.2%	2,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 4 ended

Active mandates

Frédéric HUFKENS

Director

Active

Xavier HUFKENS

Director

Active

Ended mandates

Guillaume HUFKENS

Managing director · until 18 octobre 2016

Ended

Guillaume HUFKENS

Managing director

Ended

Jos HERMANS

Director · until 26 juin 2018

Ended

Jos HERMANS

Director

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/09/2025	06/06/2024	12/06/2023	13/06/2022	07/06/2021	09/06/2020
General meeting	10/05/2025	11/05/2024	13/05/2023	14/05/2022	08/05/2021	09/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	10/05/2025	26/09/2025	Dutch	PDF
Abridged model	31/12/2023	11/05/2024	06/06/2024	Dutch	PDF
Abridged model	31/12/2022	13/05/2023	12/06/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	13/06/2022	Dutch	PDF
Abridged model	31/12/2020	08/05/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	09/05/2020	09/06/2020	Dutch	PDF
Micro model	31/12/2018	11/05/2019	07/06/2019	Dutch	PDF
Micro model	31/12/2017	12/05/2018	11/06/2018	Dutch	PDF
Micro model	31/12/2016	13/05/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	04/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	11/05/2013	04/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/05/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	30/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 4 ended

Active mandates

Frédéric HUFKENS

Director

Active

Xavier HUFKENS

Director

Active

Ended mandates

Guillaume HUFKENS

Managing director · until 18 octobre 2016

Ended

Guillaume HUFKENS

Managing director

Ended

Jos HERMANS

Director · until 26 juin 2018

Ended

Jos HERMANS

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other22/06/2016
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring09/07/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring10/04/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2008
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 202486 k €↑
2023
Annual accounts 202374,2 k €↑
2022
Annual accounts 202220,6 k €↓
2021
Annual accounts 202162,2 k €↑
2020
Annual accounts 202030,5 k €↑
2019
Annual accounts 2019-100,1 k €↓
2018
Annual accounts 2018584,9 €↑
2017
Annual accounts 2017-10 k €↑
2016
Annual accounts 2016-64,7 k €↑
2015
Annual accounts 2015-561,3 k €↓
2014
Annual accounts 2014-106,6 k €↓
2012
Annual accounts 20123,6 M €↑
2011
Annual accounts 2011-115,5 k €↑
2010
Annual accounts 2010-350,5 k €↓
2009
Annual accounts 200977,9 k €↑
2008
Annual accounts 200849,4 k €↓
2007
Annual accounts 2007224,4 k €↑
2006
Annual accounts 200685,1 k €
15/11/1935
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FREXA

Overview

What does FREXA do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline