ACTIVE

FRIMO

Financial year 2025 · closed on 31/12/2025
Net result
324,5 k €
+69.4% YoY
Gross margin
297,9 k €
+21.0% YoY
Equity
6,4 M €
+5.3% YoY

What does FRIMO do?

FRIMO is a Public limited company incorporated in 1983. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Meise.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0424.951.060
Incorporation
30/06/1983
Legal form
Public limited company
Registered office
Krommestraat 11
1860 Meise · FlandreSee on map
Contributed capital
1 970 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin297,9 k €246,2 k €246,7 k €235,8 k €139,3 k €208,5 k €256,4 k €276,7 k €278,7 k €298,4 k €13,5 k €18,4 k €309,5 k €405,6 k €394,6 k €387,1 k €387,5 k €376,6 k €365,7 k €360,7 k €
EBITDA270,7 k €219 k €215,1 k €212,9 k €116,9 k €186,3 k €235,8 k €255,6 k €258,1 k €278,2 k €-6,6 k €70,2 k €271,1 k €367,6 k €357,4 k €350,3 k €350,8 k €340,6 k €330,2 k €322,7 k €
Operating result199,2 k €144 k €163,3 k €185,3 k €113,1 k €186,3 k €235,8 k €255,6 k €258,1 k €278,2 k €-6,6 k €70,2 k €271,1 k €367,6 k €357,4 k €350,3 k €350,8 k €340,6 k €330,2 k €322,7 k €
Net result324,5 k €191,5 k €103,9 k €181,4 k €184,6 k €226,4 k €198,2 k €202,4 k €276,8 k €285 k €156,6 k €145,4 k €217,9 k €430,9 k €130,5 k €327,4 k €432,9 k €-191,8 k €348,3 k €300,8 k €
Balance sheet
Equity6,4 M €6,1 M €5,9 M €5,8 M €5,6 M €5,5 M €5,2 M €5 M €4,8 M €4,6 M €4,3 M €4,1 M €2,6 M €3,9 M €3,5 M €3,3 M €3 M €2,6 M €2,8 M €2,4 M €
Total assets7,4 M €7,1 M €7,1 M €6,5 M €5,9 M €5,5 M €5,3 M €5,2 M €5 M €4,6 M €4,3 M €4,1 M €4,3 M €4 M €3,6 M €3,5 M €3,1 M €2,7 M €2,9 M €2,6 M €
Cash1,4 M €981,7 k €936,5 k €1 M €1,3 M €1,7 M €2,2 M €2,3 M €2 M €1,9 M €1,4 M €972,2 k €1,4 M €2 M €1,9 M €1,4 M €679,2 k €1 M €605,7 k €343,8 k €
Debts910 k €999 k €1,2 M €667,2 k €276,2 k €33,5 k €84,2 k €185,6 k €192 k €84,9 k €151 €16,3 k €1,6 M €21 k €8,6 k €7,2 k €813 €17,6 k €16,6 k €18,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Mark VAN MILEGHEM

Managing director · since 04 juin 2025 · until 04 juin 2031

Active
Stefaan VAN MILEGHEM

Director · since 04 juin 2025 · until 04 juin 2031

Active

Ended mandates

Mark VAN MILEGHEM

Director · since 31 janvier 2020 · until 07 juin 2023

Ended
Mark VAN MILEGHEM

Director · since 31 janvier 2020 · until 04 juin 2025

Ended
Mark VAN MILEGHEM

Managing director · since 31 janvier 2020 · until 04 juin 2025

Ended
Stefaan VAN MILEGHEM

Director · since 31 janvier 2020 · until 07 juin 2023

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/07/202629/09/202503/07/202414/07/202325/08/202230/06/2021
General meeting03/06/202604/06/202505/06/202407/06/202330/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202503/06/202607/07/2026DutchPDF
Micro model31/12/202404/06/202529/09/2025DutchPDF
Micro model31/12/202305/06/202403/07/2024DutchPDF
Micro model31/12/202207/06/202314/07/2023DutchPDF
Micro model31/12/202130/06/202225/08/2022DutchPDF
Micro model31/12/202002/06/202130/06/2021DutchPDF
Micro model31/12/201903/06/202025/06/2020DutchPDF
Micro model31/12/201805/06/201908/07/2019DutchPDF
Micro model31/12/201706/06/201813/07/2018DutchPDF
Abridged model31/12/201607/06/201723/06/2017DutchPDF
Abridged model31/12/201501/06/201631/08/2016DutchPDF
Abridged model31/12/201403/06/201525/08/2015DutchPDF
Abridged modelCorrection31/12/201304/06/201431/12/2014DutchPDF
Abridged model31/12/201304/06/201409/10/2014DutchPDF
Abridged model31/12/201205/06/201312/08/2013DutchPDF
Abridged model31/12/201106/06/201218/07/2012DutchPDF
Abridged model31/12/201006/07/201105/08/2011DutchPDF
Abridged model31/12/200928/07/201026/08/2010DutchPDF
Abridged model31/12/200808/07/200905/08/2009DutchPDF
Abridged model31/12/200725/06/200809/07/2008DutchPDF
Abridged model31/12/200627/06/200713/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 24 ended

Active mandates

Mark VAN MILEGHEM

Managing director · since 04 juin 2025 · until 04 juin 2031

Active
Stefaan VAN MILEGHEM

Director · since 04 juin 2025 · until 04 juin 2031

Active

Ended mandates

Mark VAN MILEGHEM

Director · since 31 janvier 2020 · until 07 juin 2023

Ended
Mark VAN MILEGHEM

Director · since 31 janvier 2020 · until 04 juin 2025

Ended
Mark VAN MILEGHEM

Managing director · since 31 janvier 2020 · until 04 juin 2025

Ended
Stefaan VAN MILEGHEM

Director · since 31 janvier 2020 · until 07 juin 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/02/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Capital / shares29/04/2015
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office06/11/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares02/01/2012
    KAPITAAL - AANDELEN
    PDF
  • Mandates13/10/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/10/2005
    KAPITAAL - AANDELEN
    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

Timeline

  1. 2025
    Annual accounts 2025324,5 k €
  2. 2024
    Annual accounts 2024191,5 k €
  3. 2023
    Annual accounts 2023103,9 k €
  4. 2022
    Annual accounts 2022181,4 k €
  5. 2021
    Annual accounts 2021184,6 k €
  6. 2020
    Annual accounts 2020226,4 k €
  7. 2019
    Annual accounts 2019198,2 k €
  8. 2018
    Annual accounts 2018202,4 k €
  9. 2017
    Annual accounts 2017276,8 k €
  10. 2016
    Annual accounts 2016285 k €
  11. 2015
    Annual accounts 2015156,6 k €
  12. 2014
    Annual accounts 2014145,4 k €
  13. 2013
    Annual accounts 2013217,9 k €
  14. 2012
    Annual accounts 2012430,9 k €
  15. 2011
    Annual accounts 2011130,5 k €
  16. 2010
    Annual accounts 2010327,4 k €
  17. 2009
    Annual accounts 2009432,9 k €
  18. 2008
    Annual accounts 2008-191,8 k €
  19. 2007
    Annual accounts 2007348,3 k €
  20. 2006
    Annual accounts 2006300,8 k €
  21. 30/06/1983
    IncorporationPublic limited company