ACTIVE

FRELIECO

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Financial year 2025 · closed on 31/12/2025

Net result

57,6 k €

-33.7% YoY

Gross margin

332,6 k €

-8.9% YoY

Equity

2,3 M €

+2.6% YoY

Workforce

0,0 ETP

What does FRELIECO do?

FRELIECO is a Public limited company incorporated in 1986. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Essen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.023.080

Incorporation

28/05/1986

Legal form

Public limited company

Registered office

Kalmthoutsesteenweg 225
2910 Essen · FlandreSee on map

Contributed capital

770 339,50 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

74855Other professional, scientific and technical activities· main 82100Office administrative and support activities 82110Combined office administrative service activities 01220Growing of tropical and subtropical fruits 01450Raising of sheep and goats 01450Raising of sheep and goats

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	332,6 k €	-8.9%	365,2 k €	-2.7%	375,3 k €	+9.1%	344 k €	+3.6%	332,1 k €	-76.8%	1,4 M €	+359%	311,6 k €	+11.1%	280,5 k €	+0.9%	278 k €	+2.3%	271,7 k €	+8.5%	250,4 k €	-13.2%	288,4 k €	-17.6%	350 k €	-12.1%	398,1 k €	-9.8%	441,5 k €	+9.5%	403,1 k €	-19.1%	498,2 k €	+13.1%	440,6 k €
EBITDA	302,4 k €	-12.8%	346,7 k €	-2.4%	355,1 k €	+46.9%	241,7 k €	-12.0%	274,6 k €	-80.1%	1,4 M €	+425%	262,1 k €	+12.8%	232,3 k €	-0.6%	233,8 k €	-9.7%	258,8 k €	+26.5%	204,6 k €	+6.8%	191,7 k €	+5.0%	182,6 k €	-25.6%	245,5 k €	-8.6%	268,7 k €	+13.0%	237,7 k €	-27.4%	327,6 k €	+22.8%	266,7 k €
Operating result	132,2 k €	-29.5%	187,5 k €	-16.1%	223,5 k €	+116%	103,7 k €	-10.9%	116,3 k €	-90.1%	1,2 M €	+696%	148,1 k €	+26.0%	117,6 k €	+18.6%	99,1 k €	-10.6%	110,8 k €	+65.5%	67 k €	+20.5%	55,6 k €	-40.7%	93,8 k €	-46.6%	175,5 k €	-11.9%	199,3 k €	+35.2%	147,3 k €	-34.7%	225,8 k €	+37.0%	164,8 k €
Net result	57,6 k €	-33.7%	86,9 k €	-44.7%	157,4 k €	+234%	47 k €	-39.3%	77,5 k €	-91.0%	861,8 k €	+770%	99 k €	+125%	44 k €	+36.4%	32,2 k €	-32.5%	47,8 k €	+523%	7,7 k €	-26.5%	10,4 k €	-63.6%	28,7 k €	-64.8%	81,4 k €	+54.7%	52,6 k €	+61.2%	32,6 k €	-59.3%	80,3 k €	+59.1%	50,5 k €
Balance sheet
Equity	2,3 M €	+2.6%	2,2 M €	+4.1%	2,1 M €	+3.0%	2,1 M €	+0.9%	2 M €	+3.5%	2 M €	+75.1%	1,1 M €	+9.6%	1 M €	+4.5%	982,7 k €	+3.4%	950,5 k €	+5.3%	902,7 k €	-2.3%	923,5 k €	+1.1%	913,1 k €	-2.2%	933,9 k €	+9.5%	852,5 k €	+6.6%	799,9 k €	+11.1%	719,9 k €	+12.6%	639,6 k €
Total assets	4,5 M €	+4.1%	4,3 M €	+11.1%	3,9 M €	+1.2%	3,8 M €	-1.9%	3,9 M €	+3.4%	3,8 M €	+15.9%	3,3 M €	+0.7%	3,2 M €	-1.5%	3,3 M €	+0.2%	3,3 M €	-4.4%	3,4 M €	+7.2%	3,2 M €	+18.8%	2,7 M €	+1.9%	2,6 M €	-2.2%	2,7 M €	-3.1%	2,8 M €	-6.0%	3 M €	-0.2%	3 M €
Cash	10,6 k €	-4.4%	11,1 k €	-11.0%	12,5 k €	-49.8%	24,9 k €	+497%	4,2 k €	+400%	832,6 €	-96.9%	26,9 k €	+84.4%	14,6 k €	-40.1%	24,4 k €	+84.5%	13,2 k €	+115%	6,2 k €	+302%	1,5 k €	-74.3%	6 k €	-72.1%	21,4 k €	-55.7%	48,3 k €	+2085%	2,2 k €	-98.1%	118,1 k €		–
Debts	2 M €	+6.6%	1,9 M €	+23.8%	1,5 M €	-1.9%	1,5 M €	-5.3%	1,6 M €	+4.8%	1,5 M €	-28.0%	2,1 M €	-3.4%	2,2 M €	-4.0%	2,3 M €	-1.1%	2,3 M €	-7.9%	2,5 M €	+11.1%	2,3 M €	+27.9%	1,8 M €	+4.1%	1,7 M €	-7.6%	1,9 M €	-7.0%	2 M €	-11.4%	2,3 M €	-3.7%	2,3 M €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		1,2 ETP	-60.0%	3,0 ETP	-9.1%	3,3 ETP	-2.9%	3,4 ETP	-2.9%	3,5 ETP	-5.4%	3,7 ETP	-14.0%	4,3 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 · 1 active · 13 ended

Active mandates

COSCO

Director · since 22 juillet 2025 · until 22 juillet 2031 · 0877.723.997

Represented by Frederick Costermans

Active

Ended mandates

Frederick Costermans

Managing director · since 29 mai 2021 · until 31 mai 2027

Ended

Liesbeth Costermans

Managing director · since 29 mai 2021 · until 31 mai 2027

Ended

Sara Brouckaert

Director · since 29 mai 2021 · until 31 mai 2027

Ended

Frederick Costermans

Director · since 26 mai 2015 · until 31 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
COSCO● Active	0877.723.997
DAKWERKEN COSTERMANS● Active	0416.708.040

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	01/07/2026	30/07/2025	31/08/2024	28/08/2023	23/07/2022	23/10/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021
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
Abridged model	31/12/2025	26/05/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	31/08/2024	Dutch	PDF
Micro model	31/12/2022	30/05/2023	28/08/2023	Dutch	PDF
Micro model	31/12/2021	30/05/2022	23/07/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	23/10/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	15/10/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	01/08/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	03/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	04/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	08/06/2007	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 · 1 active · 13 ended

Active mandates

COSCO

Director · since 22 juillet 2025 · until 22 juillet 2031 · 0877.723.997

Represented by Frederick Costermans

Active

Ended mandates

Frederick Costermans

Managing director · since 29 mai 2021 · until 31 mai 2027

Ended

Liesbeth Costermans

Managing director · since 29 mai 2021 · until 31 mai 2027

Ended

Sara Brouckaert

Director · since 29 mai 2021 · until 31 mai 2027

Ended

Frederick Costermans

Director · since 26 mai 2015 · until 31 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/01/2014
KAPITAAL - AANDELEN
PDF
Mandates30/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2003
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
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 202557,6 k €↓
2024
Annual accounts 202486,9 k €↓
2023
Annual accounts 2023157,4 k €↑
2022
Annual accounts 202247 k €↓
2021
Annual accounts 202177,5 k €↓
2020
Annual accounts 2020861,8 k €↑
2019
Annual accounts 201999 k €↑
2018
Annual accounts 201844 k €↑
2017
Annual accounts 201732,2 k €↓
2016
Annual accounts 201647,8 k €↑
2015
Annual accounts 20157,7 k €↓
2014
Annual accounts 201410,4 k €↓
2013
Annual accounts 201328,7 k €↓
2012
Annual accounts 201281,4 k €↑
2011
Annual accounts 201152,6 k €↑
2010
Annual accounts 201032,6 k €↓
2009
Annual accounts 200980,3 k €↑
2008
Annual accounts 200850,5 k €
28/05/1986
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

FRELIECO

Overview

What does FRELIECO do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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