ACTIVE

FRAVI

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Financial year 2025 · closed on 31/12/2025

Net result

-14,9 k €

-412.2% YoY

Gross margin

284,3 k €

-4.3% YoY

Equity

424,2 k €

-3.4% YoY

Workforce

6,8 ETP

-26.9% YoY

What does FRAVI do?

FRAVI is a Private limited company incorporated in 1993. Its registered office is in Langemark-Poelkapelle. It employs on average 6,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.041.189

Incorporation

11/10/1993

Legal form

Private limited company

Registered office

Zonnebekestraat 21
8920 Langemark-Poelkapelle · FlandreSee on map

Contributed capital

55 776,04 €

Latest accounts

31/12/2025

Average workforce

6,8 ETP

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	284,3 k €	-4.3%	297,1 k €	-9.8%	329,3 k €	+17.4%	280,5 k €	-21.4%	357 k €	-13.8%	414,3 k €	+21.0%	342,4 k €	-4.1%	357,1 k €	+7.2%	333 k €	+1.6%	327,9 k €	+8.7%	301,7 k €	+1.6%	296,9 k €	-2.9%	305,9 k €	-0.2%	306,5 k €	-5.6%	324,5 k €	+28.3%	252,9 k €	-2.4%	259,2 k €	+6.9%	242,4 k €	-19.6%	301,7 k €	+33.6%	225,9 k €
EBITDA	16 k €	-56.2%	36,6 k €	-58.4%	87,8 k €	+83.6%	47,9 k €	-63.8%	132,3 k €	-40.5%	222,3 k €	+30.4%	170,5 k €	+7.8%	158,2 k €	+32.1%	119,7 k €	-0.9%	120,9 k €	+3.8%	116,5 k €	+6.0%	109,8 k €	-6.9%	118 k €	+3.3%	114,3 k €	-24.8%	152 k €	+46.8%	103,5 k €	-3.0%	106,7 k €	+38.1%	77,2 k €	-48.0%	148,4 k €	+92.8%	77 k €
Operating result	-2,9 k €	-110%	27,7 k €	-50.7%	56,1 k €	+277%	14,9 k €	-83.5%	90,3 k €	-48.6%	175,7 k €	+63.0%	107,8 k €	-8.3%	117,5 k €	+86.5%	63 k €	-9.8%	69,9 k €	+7.7%	64,9 k €	+0.9%	64,3 k €	-4.3%	67,2 k €	-4.2%	70,1 k €	-37.3%	111,8 k €	+83.0%	61,1 k €	-7.2%	65,8 k €	+89.5%	34,7 k €	-65.1%	99,5 k €	+501%	16,6 k €
Net result	-14,9 k €	-412%	4,8 k €	-83.9%	29,6 k €	+7052%	-425,7 €	-101%	52,8 k €	-52.7%	111,8 k €	+58.0%	70,7 k €	-6.2%	75,4 k €	+110%	35,8 k €	-7.8%	38,9 k €	+13.4%	34,3 k €	-12.1%	39 k €	-11.5%	44,1 k €	-9.5%	48,7 k €	-39.1%	80 k €	+87.6%	42,6 k €	-8.5%	46,6 k €	+77.3%	26,3 k €	-65.9%	77,1 k €	+2391%	3,1 k €
Balance sheet
Equity	424,2 k €	-3.4%	439,1 k €	+1.1%	434,3 k €	-16.1%	518 k €	-0.1%	518,4 k €	+11.4%	465,5 k €	+31.6%	353,8 k €	+25.0%	283 k €	-22.5%	365,1 k €	+10.9%	329,3 k €	+13.4%	290,5 k €	+7.1%	271,2 k €	+9.7%	247,2 k €	-17.2%	298,6 k €	+19.5%	249,9 k €	-0.0%	250 k €	+20.6%	207,3 k €	+25.1%	165,7 k €	+16.3%	142,4 k €	+35.2%	105,4 k €
Total assets	725,8 k €	-5.0%	763,6 k €	-0.3%	765,7 k €	-20.7%	965,6 k €	+5.5%	915,1 k €	+3.7%	882,5 k €	+26.5%	697,4 k €	+13.6%	614,1 k €	-3.1%	633,6 k €	+9.4%	579,3 k €	+0.7%	575,2 k €	+11.0%	518,2 k €	-10.3%	577,6 k €	+2.0%	566,1 k €	+2.0%	554,9 k €	-0.4%	556,9 k €	+13.6%	490,4 k €	+7.3%	457 k €	-14.5%	534,5 k €	+10.8%	482,3 k €
Cash	109,1 k €	+5.9%	103 k €	-12.5%	117,8 k €	+9.3%	107,8 k €	-21.5%	137,4 k €	+19.7%	114,8 k €	+11.4%	103 k €	-17.6%	125 k €	+86.6%	67 k €	+10.4%	60,7 k €	-16.6%	72,8 k €	-3.8%	75,6 k €	-16.5%	90,6 k €	+81.2%	50 k €	+32.5%	37,7 k €	+22.4%	30,8 k €	-69.3%	100,5 k €	+62.0%	62 k €	-2.7%	63,7 k €	+6.8%	59,6 k €
Debts	301,6 k €	-7.1%	324,5 k €	-2.1%	331,4 k €	-26.0%	447,7 k €	+12.8%	396,7 k €	-4.9%	417 k €	+21.3%	343,6 k €	+3.8%	331,1 k €	+23.3%	268,4 k €	+7.4%	250 k €	-12.2%	284,7 k €	+15.3%	247 k €	-25.2%	330,3 k €	+24.1%	266,1 k €	-12.5%	304,2 k €	-0.8%	306,5 k €	+8.3%	283 k €	-2.9%	291,3 k €	-25.7%	392 k €	+4.1%	376,6 k €
Other
Workforce	6,8 ETP	-26.9%	9,3 ETP	+1.1%	9,2 ETP	+1.1%	9,1 ETP	-14.2%	10,6 ETP	-19.1%	13,1 ETP	+13.9%	11,5 ETP	+51.3%	7,6 ETP	+10.1%	6,9 ETP	+3.0%	6,7 ETP	+1.5%	6,6 ETP	-8.3%	7,2 ETP	-22.6%	9,3 ETP	+6.9%	8,7 ETP	+16.0%	7,5 ETP	+10.3%	6,8 ETP	+3.0%	6,6 ETP	-9.6%	7,3 ETP	-7.6%	7,9 ETP	+12.9%	7,0 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 · 2 ended

Active mandates

Luc Fraeyman

Director

Active

Reninka Vinckier

Director

Active

Ended mandates

Luc FRAEYMAN

Manager

Ended

Reninka Vinckier

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	31/07/2025	21/06/2024	18/07/2023	30/06/2022	27/08/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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
Abridged model	31/12/2025	16/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	19/08/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	19/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	27/07/2007	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 · 2 ended

Active mandates

Luc Fraeyman

Director

Active

Reninka Vinckier

Director

Active

Ended mandates

Luc FRAEYMAN

Manager

Ended

Reninka Vinckier

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares09/05/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/01/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-14,9 k €↓
2024
Annual accounts 20244,8 k €↓
2023
Annual accounts 202329,6 k €↑
2022
Annual accounts 2022-425,7 €↓
2021
Annual accounts 202152,8 k €↓
2020
Annual accounts 2020111,8 k €↑
2019
Annual accounts 201970,7 k €↓
2018
Annual accounts 201875,4 k €↑
2017
Annual accounts 201735,8 k €↓
2016
Annual accounts 201638,9 k €↑
2015
Annual accounts 201534,3 k €↓
2014
Annual accounts 201439 k €↓
2013
Annual accounts 201344,1 k €↓
2012
Annual accounts 201248,7 k €↓
2011
Annual accounts 201180 k €↑
2010
Annual accounts 201042,6 k €↓
2009
Annual accounts 200946,6 k €↑
2008
Annual accounts 200826,3 k €↓
2007
Annual accounts 200777,1 k €↑
2006
Annual accounts 20063,1 k €
11/10/1993
IncorporationPrivate 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

FRAVI

Overview

What does FRAVI do?

Trend over 20 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