ACTIVE

FREVAG

Financial year 2025 · Closed on 31/12/2025

Net result890,9 k €+325,3 %over 1 year

Revenue6,8 k €-44,6 %over 1 year

Equity3,6 M €-14,1 %over 1 year

Identity

Source · BCE/KBO

FREVAG is a Public limited company incorporated in 1975. Its main activity is: Rental and leasing of air transport equipment. 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

Activities (NACE)

77350Rental and leasing of air transport equipment· main 77350Rental and leasing of air transport equipment 55100Hotels and similar accommodation 55100Hotels and similar accommodation 68100Buying and selling of own real estate 68110Buying and selling of own real estate+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	6,8 k €	-44.6%	12,3 k €	+11.8%	11 k €	+137%	4,6 k €	-15.9%	5,5 k €
EBITDA	-16,2 k €	-107%	238,5 k €	+275%	-136,3 k €	-36.8%	-99,7 k €	-10.0%	-90,6 k €
Operating result	-191,3 k €	-212%	171,4 k €	+146%	-371,4 k €	-11.5%	-333 k €	-0.5%	-331,3 k €
Net result	890,9 k €	+325%	209,5 k €	+159%	-355,7 k €	-20.0%	-296,4 k €	-0.9%	-293,7 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 €
Total assets	3,6 M €	-13.6%	4,2 M €	+4.4%	4 M €	-8.3%	4,3 M €	-5.9%	4,6 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 €
Debts	31,2 k €	+209%	10,1 k €	-77.8%	45,5 k €	-10.4%	50,8 k €	+86.9%	27,2 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period
Dirk Jan Randeraad	Director01/01/2024 → 31/12/2029
Panta Holdings BU ENTRepresented by Sam Rosen Jacobson	Director01/01/2024 → 31/12/2029

Ended mandates

Director	Mandates in this company	Period
Panta Holdings B.V.Represented by Samuel ROSEN JACOBSON	Directorlisted until the 2023 accounts
Jaap R. Rosen Jacobson	Managing director02/03/2020 → 2022 accounts
Panta HoldingsRepresented by Jaap R. Rosen Jacobson	Director05/12/2016 → 2018 accounts

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period
Dirk Jan Randeraad	Director01/01/2024 → 31/12/2029
Panta Holdings BU ENTRepresented by Sam Rosen Jacobson	Director01/01/2024 → 31/12/2029

Ended mandates

Director	Mandates in this company	Period
Panta Holdings B.V.Represented by Samuel ROSEN JACOBSON	Directorlisted until the 2023 accounts
Jaap R. Rosen Jacobson	Managing director02/03/2020 → 2022 accounts
Panta HoldingsRepresented by Jaap R. Rosen Jacobson	Director05/12/2016 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Panta Holdings BU ENT

Dirk Jan Randeraad

Panta Holdings B.V.

Jaap R. Rosen Jacobson

Panta Holdings

MASS INVEST

VLM AIRLINES

1975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

FREVAG

Happaertstraat 23, 2000 Antwerp

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Happaertstraat 23, 2000 AntwerpCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00294830

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FREVAGCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00294830

Events

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

FREVAG

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events