ACTIVE

FRECAMAT

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Financial year 2025 · closed on 30/09/2025

Net result

170,2 k €

+282.5% YoY

Gross margin

2 M €

+13.6% YoY

Equity

3,4 M €

+2.3% YoY

Workforce

2,0 ETP

0.0% YoY

What does FRECAMAT do?

FRECAMAT is a Public limited company incorporated in 1994. Its main activity is: Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate. Its registered office is in Bastogne. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.770.066

Incorporation

27/05/1994

Legal form

Public limited company

Registered office

Wicourt 2
6600 Bastogne · WallonieSee on map

Contributed capital

159 485,03 €

Latest accounts

30/09/2025

Average workforce

2,0 ETP

Activities (NACE)

08111Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate· main 08111Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 08112Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 08112Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 14110Manufacture of leather clothes 14122Manufacture of workwear

Joint committees (3)

10204
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2 M €	+13.6%	1,8 M €	+1.1%	1,7 M €	-21.5%	2,2 M €	+8.0%	2,1 M €	+19.5%	1,7 M €	-35.8%	2,7 M €	+22.4%	2,2 M €	+25.7%	1,7 M €	+77.2%	984,9 k €	-22.3%	1,3 M €	+38.5%	915,2 k €	+49.1%	613,8 k €	-2.6%	630,3 k €	-13.2%	726,4 k €	+19.2%	609,5 k €	-19.3%	754,9 k €	+45.1%	520,3 k €	-26.2%	705,2 k €
EBITDA	1,9 M €	+14.6%	1,6 M €	+0.6%	1,6 M €	-23.2%	2,1 M €	+7.9%	2 M €	+20.6%	1,6 M €	-28.5%	2,3 M €	+8.1%	2,1 M €	+26.7%	1,7 M €	+95.7%	847,5 k €	-24.6%	1,1 M €	+46.2%	768,6 k €	+59.1%	483,1 k €	-3.7%	501,5 k €	-17.1%	605,1 k €	+21.9%	496,4 k €	-17.5%	601,4 k €	+64.1%	366,6 k €	-36.0%	573,2 k €
Operating result	232,8 k €	+644%	-42,8 k €	+35.4%	-66,3 k €	-112%	553 k €	+288%	142,5 k €	+279%	-79,4 k €	-124%	331,3 k €	-11.7%	375,1 k €	+37.8%	272,2 k €	+274%	-156,5 k €	-148%	326,3 k €	+1170%	25,7 k €	-25.5%	34,5 k €	+1484%	2,2 k €	-97.1%	76,3 k €	+2125%	3,4 k €	+105%	-71,1 k €	+44.7%	-128,6 k €	-177%	166,7 k €
Net result	170,2 k €	+283%	-93,3 k €	+7.4%	-100,8 k €	-122%	452,7 k €	+320%	107,9 k €	+696%	-18,1 k €	-105%	357,2 k €	-7.2%	384,8 k €	+74.3%	220,7 k €	+85.8%	118,8 k €	-61.8%	310,9 k €	+583%	45,5 k €	-83.4%	275 k €	+247%	79,1 k €	+27.3%	62,2 k €	-69.1%	201,4 k €	+109%	96,2 k €	+77.9%	54,1 k €	-92.3%	702,5 k €
Balance sheet
Equity	3,4 M €	+2.3%	3,3 M €	+0.4%	3,3 M €	-1.2%	3,3 M €	+7.5%	3,1 M €	+1.1%	3,1 M €	+2.0%	3 M €	+7.0%	2,8 M €	+26.3%	2,2 M €	+11.5%	2 M €	+5.6%	1,9 M €	+20.2%	1,6 M €	+3.0%	1,5 M €	-1.3%	1,5 M €	+14.1%	1,4 M €	-52.5%	2,9 M €	+12.0%	2,6 M €	+0.0%	2,6 M €	+13.0%	2,3 M €
Total assets	8,5 M €	+11.1%	7,7 M €	-5.5%	8,1 M €	-5.8%	8,6 M €	-5.3%	9,1 M €	+3.4%	8,8 M €	-2.5%	9 M €	+23.4%	7,3 M €	+5.9%	6,9 M €	+38.0%	5 M €	+10.2%	4,5 M €	+21.7%	3,7 M €	+17.1%	3,2 M €	-7.9%	3,5 M €	-5.8%	3,7 M €	-33.3%	5,5 M €	+26.9%	4,3 M €	+17.9%	3,7 M €	+8.2%	3,4 M €
Cash	3,6 M €	+12.8%	3,2 M €	-7.0%	3,4 M €	-12.8%	3,9 M €	-1.4%	4 M €	+13.3%	3,5 M €	+17.1%	3 M €	+10.2%	2,7 M €	+12.1%	2,4 M €	+26.8%	1,9 M €	-16.8%	2,3 M €	+26.7%	1,8 M €	-4.7%	1,9 M €	-12.6%	2,2 M €	-18.8%	2,7 M €	+2.2%	2,6 M €	+7.2%	2,5 M €	+8.5%	2,3 M €	+28.8%	1,8 M €
Debts	5 M €	+18.7%	4,2 M €	-9.2%	4,7 M €	-9.8%	5,2 M €	-13.3%	6 M €	+4.6%	5,7 M €	-4.5%	6 M €	+33.5%	4,5 M €	-4.4%	4,7 M €	+55.9%	3 M €	+13.7%	2,6 M €	+22.8%	2,1 M €	+30.8%	1,6 M €	-12.9%	1,9 M €	-18.5%	2,3 M €	-12.5%	2,6 M €	+48.2%	1,8 M €	+58.4%	1,1 M €	-1.3%	1,1 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-31.0%	2,9 ETP	-3.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-25.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP

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 30/09/2025 · 2 active · 23 ended

Active mandates

MATHIEU HOLDING

Managing director · since 14 septembre 2017 · 0832.672.942

Represented by SPRL MCA MANAGEMENT ( re SPRL MKN MANAGEMENT ( représentée par MATHIEU F.)

Active

MCA MANAGEMENT

Director · 0808.634.461

Represented by Caroline MATHIEU

Active

Ended mandates

MATHIEU HOLDING

Managing director · since 14 septembre 2017 · until 31 décembre 2025 · 0832.672.942

Represented by Frédéric Mathieu

Ended

MCA MANAGEMENT

Director · since 14 septembre 2017 · until 31 décembre 2025 · 0808.634.461

Represented by Caroline MATHIEU

Ended

MCA MANAGEMENT

Director · since 14 septembre 2017 · 0808.634.461

Represented by Caroline MATHIEU

Ended

MKN MANAGEMENT

Director · since 14 septembre 2017 · until 17 décembre 2019 · 0821.823.491

Represented by Frédéric MATHIEU

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOCIATION MOMENTANNEE MATHIEU / DEUMER● Active	1001.231.426
CARRIERE DE MARENNE● Active	0455.404.607
Concassage, Forage, Criblage● Active	0416.050.024
Entreprises MATHIEU● Active	0441.481.642
JOSMAT● Active	0452.770.165
Lions Club de Bastogne-Nuts City● Active	0413.222.770
MATHIEU HOLDING● Active	0832.672.942
SABEMA● Active	0441.192.919

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/03/2026	05/03/2025	29/01/2024	16/02/2023	27/01/2022	25/01/2021
General meeting	06/02/2026	07/02/2025	29/12/2023	19/01/2023	29/12/2021	29/12/2020
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	30/09/2025	06/02/2026	05/03/2026	French	PDF
Abridged model	30/09/2024	07/02/2025	05/03/2025	French	PDF
Abridged model	30/09/2023	29/12/2023	29/01/2024	French	PDF
Abridged model	30/09/2022	19/01/2023	16/02/2023	French	PDF
Abridged model	30/09/2021	29/12/2021	27/01/2022	French	PDF
Abridged model	30/09/2020	29/12/2020	25/01/2021	French	PDF
Abridged model	30/09/2019	30/12/2019	30/01/2020	French	PDF
Abridged model	30/09/2018	29/12/2018	25/01/2019	French	PDF
Abridged model	30/09/2017	29/12/2017	09/02/2018	Dutch	PDF
Abridged model	30/09/2016	09/02/2017	01/03/2017	French	PDF
Abridged model	30/09/2015	04/01/2016	14/03/2016	French	PDF
Abridged model	30/09/2014	29/12/2014	23/03/2015	French	PDF
Abridged model	30/09/2013	20/01/2014	24/02/2014	French	PDF
Abridged model	30/09/2012	29/12/2012	15/02/2013	French	PDF
Abridged model	30/09/2011	20/01/2012	13/03/2012	French	PDF
Abridged model	30/09/2010	29/12/2010	14/03/2011	French	PDF
Abridged model	30/09/2009	29/12/2009	27/01/2010	French	PDF
Abridged model	30/09/2008	29/12/2008	27/02/2009	French	PDF
Abridged model	30/09/2007	29/12/2007	22/02/2008	French	PDF
Abridged model	30/09/2006	29/12/2006	02/02/2007	French	PDF

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 30/09/2025 · 2 active · 23 ended

Active mandates

MATHIEU HOLDING

Managing director · since 14 septembre 2017 · 0832.672.942

Represented by SPRL MCA MANAGEMENT ( re SPRL MKN MANAGEMENT ( représentée par MATHIEU F.)

Active

MCA MANAGEMENT

Director · 0808.634.461

Represented by Caroline MATHIEU

Active

Ended mandates

MATHIEU HOLDING

Managing director · since 14 septembre 2017 · until 31 décembre 2025 · 0832.672.942

Represented by Frédéric Mathieu

Ended

MCA MANAGEMENT

Director · since 14 septembre 2017 · until 31 décembre 2025 · 0808.634.461

Represented by Caroline MATHIEU

Ended

MCA MANAGEMENT

Director · since 14 septembre 2017 · 0808.634.461

Represented by Caroline MATHIEU

Ended

MKN MANAGEMENT

Director · since 14 septembre 2017 · until 17 décembre 2019 · 0821.823.491

Represented by Frédéric MATHIEU

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other28/02/2024
ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/01/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/10/2017
CAPITAL, ACTIONS
PDF
Mandates17/10/2017
DEMISSIONS, NOMINATIONS
PDF
Other07/10/2011
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/02/2004
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025170,2 k €↑
2024
Annual accounts 2024-93,3 k €↑
2023
Annual accounts 2023-100,8 k €↓
2022
Annual accounts 2022452,7 k €↑
2021
Annual accounts 2021107,9 k €↑
2020
Annual accounts 2020-18,1 k €↓
2019
Annual accounts 2019357,2 k €↓
2018
Annual accounts 2018384,8 k €↑
2017
Annual accounts 2017220,7 k €↑
2016
Annual accounts 2016118,8 k €↓
2015
Annual accounts 2015310,9 k €↑
2014
Annual accounts 201445,5 k €↓
2013
Annual accounts 2013275 k €↑
2012
Annual accounts 201279,1 k €↑
2011
Annual accounts 201162,2 k €↓
2010
Annual accounts 2010201,4 k €↑
2009
Annual accounts 200996,2 k €↑
2008
Annual accounts 200854,1 k €↓
2007
Annual accounts 2007702,5 k €
27/05/1994
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

FRECAMAT

Overview

What does FRECAMAT 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