ACTIVE

FREVAG

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Financial year 2025 · closed on 31/12/2025

Net result

890,9 k €

+325.3% YoY

Revenue

6,8 k €

-44.6% YoY

Equity

3,6 M €

-14.1% YoY

What does FREVAG do?

FREVAG is a Public limited company incorporated in 1975. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.120.507

Incorporation

31/05/1975

Legal form

Public limited company

Registered office

Happaertstraat 23
2000 Antwerpen · FlandreSee on map

Contributed capital

494 999,99 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	6,8 k €	-44.6%	12,3 k €	+11.8%	11 k €	+137%	4,6 k €	-15.9%	5,5 k €	-54.0%	11,9 k €	-81.7%	65,3 k €	-49.4%	129,2 k €	+14.9%	112,4 k €	+61.9%	69,4 k €	-17.7%	84,3 k €	-9.0%	92,7 k €	+23.9%	74,8 k €	-97.1%	2,5 M €	+44119%	5,7 k €		–		–		522,5 k €
EBITDA	-16,2 k €	-107%	238,5 k €	+275%	-136,3 k €	-36.8%	-99,7 k €	-10.0%	-90,6 k €	+23.3%	-118,2 k €	+49.8%	-235,3 k €	+3.0%	-242,7 k €	+33.7%	-365,9 k €	+13.8%	-424,4 k €	+84.8%	-2,8 M €	-855%	-291,6 k €	+9.1%	-320,9 k €	-115%	2,1 M €	+503%	-530,2 k €	-212%	-169,9 k €	+96.1%	-4,3 M €	-1102%	434,1 k €
Operating result	-191,3 k €	-212%	171,4 k €	+146%	-371,4 k €	-11.5%	-333 k €	-0.5%	-331,3 k €	+16.7%	-397,7 k €	+69.3%	-1,3 M €	-264%	-356,3 k €	+25.4%	-477,5 k €	+9.0%	-524,8 k €	+81.8%	-2,9 M €	-510%	-471,5 k €	+4.0%	-491,3 k €	-125%	2 M €	+387%	-689,9 k €	-138%	-289,6 k €	+93.4%	-4,4 M €	-1202%	398,8 k €
Net result	890,9 k €	+325%	209,5 k €	+159%	-355,7 k €	-20.0%	-296,4 k €	-0.9%	-293,7 k €	-90.4%	-154,3 k €	+89.9%	-1,5 M €	-112%	12,4 M €	+287%	3,2 M €	+22.2%	2,6 M €	-1.2%	2,6 M €	-42.7%	4,6 M €	-24.1%	6,1 M €	-87.5%	48,5 M €	+1056%	4,2 M €	+7.9%	3,9 M €	-97.0%	128,8 M €	+93747%	137,3 k €
Balance sheet
Equity	3,6 M €	-14.1%	4,1 M €	+5.3%	3,9 M €	-8.3%	4,3 M €	-6.5%	4,6 M €	-68.6%	14,6 M €	-1.0%	14,7 M €	-9.4%	16,3 M €	-79.8%	80,6 M €	+4.1%	77,4 M €	+3.5%	74,8 M €	+3.7%	72,1 M €	+6.8%	67,5 M €	-63.8%	186,4 M €	+35.2%	137,9 M €	+3.1%	133,7 M €	+3.0%	129,8 M €	+12932%	996,2 k €
Total assets	3,6 M €	-13.6%	4,2 M €	+4.4%	4 M €	-8.3%	4,3 M €	-5.9%	4,6 M €	-69.6%	15,2 M €	-0.7%	15,3 M €	-9.1%	16,8 M €	-79.5%	82 M €	+4.4%	78,5 M €	+4.4%	75,3 M €	+3.5%	72,7 M €	+3.4%	70,4 M €	-62.6%	188,2 M €	+36.1%	138,3 M €	+3.4%	133,8 M €	-2.8%	137,6 M €	+2185%	6 M €
Cash	36,6 k €	+41.3%	25,9 k €	-18.1%	31,6 k €	+23.7%	25,6 k €	-36.7%	40,4 k €	-92.9%	568,6 k €	-86.4%	4,2 M €	-14.7%	4,9 M €	-15.3%	5,8 M €	-6.1%	6,2 M €	-10.6%	6,9 M €	+272%	1,8 M €	-66.6%	5,5 M €	-76.3%	23,3 M €	+1.3%	23 M €	+3276%	681,9 k €	+41.4%	482,1 k €	+69.3%	284,8 k €
Debts	31,2 k €	+209%	10,1 k €	-77.8%	45,5 k €	-10.4%	50,8 k €	+86.9%	27,2 k €	-95.5%	604,5 k €	+7.4%	562,9 k €	-3.0%	580,3 k €	-59.3%	1,4 M €	+22.2%	1,2 M €	+132%	502,8 k €	-18.2%	614,5 k €	-78.6%	2,9 M €	+107%	1,4 M €	+255%	390,4 k €	+535%	61,5 k €	-99.2%	7,6 M €	+50.9%	5 M €
Other
Workforce	–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+42.9%	0,7 ETP		–		–		–		–		0,8 ETP	-20.0%	1,0 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Dirk Jan Randeraad

Director · since 01 janvier 2024 · until 31 décembre 2029

Active

Panta Holdings BU ENT

Director · since 01 janvier 2024 · until 31 décembre 2029

Represented by Sam Rosen Jacobson

Active

Ended mandates

Dirk Jan Randeraad

Director · since 01 janvier 2024

Ended

Panta Holdings B.V.

Director · since 01 janvier 2024

Represented by Samuel ROSEN JACOBSON

Ended

Panta Holdings BU ENT

Director · since 01 janvier 2024

Represented by Jacobson Samuel Rosen

Ended

Jaap R. Rosen Jacobson

Managing director · since 02 mars 2020 · until 06 juin 2026

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/07/2026	28/07/2025	29/11/2024	30/06/2023	01/07/2022	09/07/2021
General meeting	06/06/2026	07/06/2025	20/11/2024	03/06/2023	18/06/2022	05/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	06/06/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	07/06/2025	28/07/2025	Dutch	PDF
Full model	31/12/2023	20/11/2024	29/11/2024	Dutch	PDF
Full model	31/12/2022	03/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	18/06/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	05/06/2021	09/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	22/07/2020	Dutch	PDF
Full model	31/12/2018	05/08/2019	12/08/2019	Dutch	PDF
Full model	31/12/2017	01/10/2018	24/10/2018	Dutch	PDF
Full model	31/12/2016	03/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	04/06/2016	10/06/2016	Dutch	PDF
Full model	31/12/2014	06/06/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	27/08/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	05/07/2013	18/07/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	25/07/2012	Dutch	PDF
Full model	31/12/2010	04/06/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	24/06/2010	23/07/2010	Dutch	PDF
Full model	31/12/2008	11/12/2009	29/12/2009	Dutch	PDF
Full model	31/12/2007	24/10/2008	31/10/2008	Dutch	PDF
Full model	31/12/2006	23/06/2007	22/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 2 active · 15 ended

Active mandates

Dirk Jan Randeraad

Director · since 01 janvier 2024 · until 31 décembre 2029

Active

Panta Holdings BU ENT

Director · since 01 janvier 2024 · until 31 décembre 2029

Represented by Sam Rosen Jacobson

Active

Ended mandates

Dirk Jan Randeraad

Director · since 01 janvier 2024

Ended

Panta Holdings B.V.

Director · since 01 janvier 2024

Represented by Samuel ROSEN JACOBSON

Ended

Panta Holdings BU ENT

Director · since 01 janvier 2024

Represented by Jacobson Samuel Rosen

Ended

Jaap R. Rosen Jacobson

Managing director · since 02 mars 2020 · until 06 juin 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/03/2020
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/06/2015
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

2025
Annual accounts 2025890,9 k €↑
2024
Annual accounts 2024209,5 k €↑
03/12/2024
reconductionEY Bedrijfsrevisoren BV — commissaris
01/01/2024
nominationSamuel Rosen Jacobson — bestuurder
01/01/2024
nominationDirk Jan Randeraad — bestuurder
2023
Annual accounts 2023-355,7 k €↓
26/09/2023
nominationArianne Joanne Kellerman — vaste vertegenwoordiger van bestuurder Panta Holdings B.V
2022
Annual accounts 2022-296,4 k €↓
2021
Annual accounts 2021-293,7 k €↓
2018
Annual accounts 2018-154,3 k €↑
2017
Annual accounts 2017-1,5 M €↓
2016
Annual accounts 201612,4 M €↑
2015
Annual accounts 20153,2 M €↑
2014
Annual accounts 20142,6 M €↓
2013
Annual accounts 20132,6 M €↓
2012
Annual accounts 20124,6 M €↓
2011
Annual accounts 20116,1 M €↓
2010
Annual accounts 201048,5 M €↑
2009
Annual accounts 20094,2 M €↑
2008
Annual accounts 20083,9 M €↓
2007
Annual accounts 2007128,8 M €↑
2006
Annual accounts 2006137,3 k €
31/05/1975
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

FREVAG

Overview

What does FREVAG 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