ACTIVE

FRIGAST

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Financial year 2025 · closed on 31/12/2025

Net result

-69,3 k €

+2.2% YoY

Gross margin

176,6 k €

+2.3% YoY

Equity

3,3 M €

-2.0% YoY

What does FRIGAST do?

FRIGAST is a Public limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.724.961

Incorporation

23/10/1989

Legal form

Public limited company

Registered office

Bosmanslei 26
2018 Antwerpen · FlandreSee on map

Contributed capital

450 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	176,6 k €	+2.3%	172,5 k €	+5.1%	164,2 k €	+11.0%	147,9 k €	-5.4%	156,4 k €	+3.6%	151,1 k €	+12.9%	133,8 k €	-11.4%	151,1 k €	-1.8%	153,9 k €	-11.2%	173,4 k €	+34.4%	129 k €	-25.0%	172,1 k €	-9.7%	190,5 k €	-0.7%	191,9 k €	+6.5%	180,2 k €	+11.5%	161,7 k €	+2.0%	158,5 k €	+2.1%	155,2 k €	+32.9%	116,8 k €
EBITDA	84,2 k €	+2.5%	82,1 k €	+3.8%	79,1 k €	+5.9%	74,7 k €	-11.7%	84,6 k €	+2.8%	82,3 k €	+30.6%	63 k €	-24.3%	83,2 k €	-13.1%	95,8 k €	-14.5%	111,9 k €	+4.5%	107,1 k €	-17.9%	130,4 k €	-18.7%	160,3 k €	-1.5%	162,8 k €	+12.7%	144,4 k €	+8.6%	132,9 k €	+1.5%	130,9 k €	+2.2%	128,2 k €	+42.2%	90,1 k €
Operating result	-76,3 k €	+3.4%	-79 k €	+0.6%	-79,5 k €	+2.5%	-81,5 k €	-13.8%	-71,6 k €	+2.5%	-73,5 k €	+20.6%	-92,5 k €	-30.8%	-70,7 k €	-22.7%	-57,6 k €	-482%	-9,9 k €	-136%	27,7 k €	-44.1%	49,5 k €	-41.7%	84,9 k €	-2.7%	87,2 k €	+24.6%	70 k €	+18.8%	58,9 k €	+0.8%	58,4 k €	+4.6%	55,8 k €	+208%	18,1 k €
Net result	-69,3 k €	+2.2%	-70,9 k €	+1.8%	-72,1 k €	-0.9%	-71,5 k €	-11.8%	-64 k €	+6.5%	-68,4 k €	+15.8%	-81,2 k €	-17.3%	-69,2 k €	-7.0%	-64,7 k €	-514%	-10,5 k €	-148%	22,1 k €	-54.2%	48,1 k €	-41.5%	82,3 k €	-3.8%	85,5 k €	+22.8%	69,6 k €	+19.1%	58,5 k €	+0.3%	58,3 k €	+4.1%	56 k €	+285%	14,5 k €
Balance sheet
Equity	3,3 M €	-2.0%	3,4 M €	-2.0%	3,5 M €	-2.0%	3,6 M €	-2.0%	3,6 M €	-1.7%	3,7 M €	-1.8%	3,8 M €	-2.1%	3,8 M €	-1.8%	3,9 M €	-1.6%	4 M €	+312%	966,6 k €	-19.1%	1,2 M €	+4.2%	1,1 M €	-16.0%	1,4 M €	+6.7%	1,3 M €	+5.8%	1,2 M €	-24.5%	1,6 M €	+3.8%	1,5 M €	-13.7%	1,8 M €
Total assets	3,4 M €	-2.9%	3,6 M €	-1.6%	3,6 M €	-3.4%	3,7 M €	-2.4%	3,8 M €	-1.3%	3,9 M €	-1.6%	3,9 M €	-1.1%	4 M €	-2.1%	4,1 M €	-1.6%	4,1 M €	+255%	1,2 M €	-6.5%	1,2 M €	-4.9%	1,3 M €	-10.5%	1,5 M €	+2.0%	1,4 M €	-6.9%	1,5 M €	-4.2%	1,6 M €	-2.0%	1,6 M €	-8.7%	1,8 M €
Cash	124,5 k €	+84.5%	67,5 k €	+38.6%	48,7 k €	-30.2%	69,7 k €	+22.1%	57,1 k €	+71.5%	33,3 k €	+607%	4,7 k €	-84.7%	30,7 k €	+1251%	2,3 k €	-10.9%	2,6 k €	-84.8%	16,8 k €	-7.2%	18,1 k €	-54.1%	39,6 k €	-49.1%	77,7 k €	+244%	22,6 k €	-48.7%	44 k €	+76.5%	25 k €	+93.4%	12,9 k €	+0.2%	12,9 k €
Debts	97,4 k €	-25.6%	131 k €	+10.7%	118,3 k €	-32.0%	173,9 k €	-10.1%	193,4 k €	+8.6%	178,1 k €	+1.1%	176,2 k €	+26.9%	138,9 k €	-9.8%	154 k €	+2.9%	149,6 k €	-21.0%	189,5 k €	+470%	33,2 k €	-78.7%	156,4 k €	+65.1%	94,7 k €	-38.3%	153,5 k €	-52.8%	325,5 k €	+14237%	2,3 k €	-97.6%	93,4 k €	+1492%	5,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

EDGICA

Director · since 12 décembre 2023 · 0474.484.309

Represented by Eddy Van Arwegen

Active

U-PGRADE

Director · since 12 décembre 2023 · 0451.666.840

Represented by Kate Lancksweerd

Active

Ended mandates

EDGICA

Director · since 16 mars 2020 · 0474.484.309

Represented by Eddy Van Arwegen

Ended

U-PGRADE

Director · since 16 mars 2020 · 0451.666.840

Represented by Kate Lancksweerd

Ended

Quincy Stevenick

Mandate · since 07 novembre 2005

Ended

Celestine Van Der Borgt

Director · until 07 novembre 2005

Ended

At this address

Other companies at this address

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BCF INDUSTRIAL● Active	1037.226.344
DC INVEST BELGIUM● Active	1024.521.126
DNE Homes● Active	0684.646.487
EDGICA● Active	0474.484.309
EDGICA BEHEER● Active	0478.654.022
GRIMBERGEN LAND DEVELOPMENT● Active	1031.898.173
IMMO BLARENBERG● Active	0844.740.633
KONTICH REAL ESTATE● Active	0407.942.903
LAMMEKEN● Active	0427.534.230
MALINAS PROJECT● Active	0556.769.310
RESOLVE● Active	0844.784.579
RESOLVE DEVELOPMENT● Active	0745.680.174
Stichting Caroline● Active	0872.258.444
Treft● Active	0418.513.428
U-PGRADE● Active	0451.666.840
VAKE● Liquidation	0871.299.926
Vandenbroeck Logistics● Active	0882.572.118

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	21/08/2026	27/08/2025	31/08/2024	30/08/2023	30/08/2022	30/08/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	21/08/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	27/08/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	31/08/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	22/05/2020	29/10/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	06/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	29/05/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 9 ended

Active mandates

EDGICA

Director · since 12 décembre 2023 · 0474.484.309

Represented by Eddy Van Arwegen

Active

U-PGRADE

Director · since 12 décembre 2023 · 0451.666.840

Represented by Kate Lancksweerd

Active

Ended mandates

EDGICA

Director · since 16 mars 2020 · 0474.484.309

Represented by Eddy Van Arwegen

Ended

U-PGRADE

Director · since 16 mars 2020 · 0451.666.840

Represented by Kate Lancksweerd

Ended

Quincy Stevenick

Mandate · since 07 novembre 2005

Ended

Celestine Van Der Borgt

Director · until 07 novembre 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
PDF
Mandates07/04/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/07/2014
KAPITAAL - AANDELEN
PDF
Capital / shares25/04/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office23/02/2012
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares18/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/11/2011
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 2025-69,3 k €↑
2024
Annual accounts 2024-70,9 k €↑
2023
Annual accounts 2023-72,1 k €↓
2022
Annual accounts 2022-71,5 k €↓
2021
Annual accounts 2021-64 k €↑
2020
Annual accounts 2020-68,4 k €↑
2019
Annual accounts 2019-81,2 k €↓
2018
Annual accounts 2018-69,2 k €↓
2017
Annual accounts 2017-64,7 k €↓
2016
Annual accounts 2016-10,5 k €↓
2014
Annual accounts 201422,1 k €↓
2013
Annual accounts 201348,1 k €↓
2012
Annual accounts 201282,3 k €↓
2011
Annual accounts 201185,5 k €↑
2010
Annual accounts 201069,6 k €↑
2009
Annual accounts 200958,5 k €↑
2008
Annual accounts 200858,3 k €↑
2007
Annual accounts 200756 k €↑
2006
Annual accounts 200614,5 k €
23/10/1989
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

FRIGAST

Overview

What does FRIGAST do?

Trend over 19 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