ACTIVE

FRECO

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Financial year 2025 · closed on 31/12/2025

Net result

18,7 k €

+27.9% YoY

Gross margin

32 k €

+6.8% YoY

Equity

173,2 k €

+12.1% YoY

What does FRECO do?

FRECO is a Private limited company incorporated in 1997. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.028.618

Incorporation

04/12/1997

Legal form

Private limited company

Registered office

Avenue Louise 244 box 28
1050 Ixelles · BruxellesSee on map

Contributed capital

61 574,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	32 k €	+6.8%	29,9 k €	-15.8%	35,6 k €	+36.5%	26,1 k €	+49.5%	17,4 k €	-25.5%	23,4 k €	-1.0%	23,6 k €	+75.9%	13,4 k €	-24.4%	17,8 k €	+38.8%	12,8 k €	-39.9%	21,3 k €	-22.7%	27,6 k €	+4.4%	26,4 k €	+8.6%	24,3 k €	+3956%	-631 €	-103%	22,7 k €	+22.9%	18,5 k €	+7.8%	17,1 k €	-25.2%	22,9 k €	-75.5%	93,6 k €
EBITDA	26,8 k €	+7.7%	24,9 k €	-19.0%	30,8 k €	+38.8%	22,2 k €	+62.7%	13,6 k €	-15.8%	16,2 k €	-19.4%	20,1 k €	+101%	10 k €	-20.9%	12,6 k €	+63.7%	7,7 k €	-54.1%	16,8 k €	-28.8%	23,5 k €	+5.2%	22,4 k €	+9.8%	20,4 k €	+7.2%	19 k €	+0.0%	19 k €	+26.9%	15 k €	+8.8%	13,8 k €	-31.1%	20 k €	-78.0%	90,9 k €
Operating result	22,3 k €	+21.5%	18,4 k €	-24.2%	24,2 k €	+48.8%	16,3 k €	+105%	7,9 k €	-24.4%	10,5 k €	-27.0%	14,4 k €	+236%	4,3 k €	-38.1%	6,9 k €	+245%	2 k €	-81.9%	11,1 k €	-38.0%	17,9 k €	+6.9%	16,7 k €	+13.6%	14,7 k €	+10.3%	13,3 k €	+3.2%	12,9 k €	+45.3%	8,9 k €	+15.9%	7,7 k €	-68.2%	24,1 k €	-67.1%	73,4 k €
Net result	18,7 k €	+27.9%	14,6 k €	-25.3%	19,6 k €	+42.4%	13,7 k €	+81.9%	7,6 k €	-29.0%	10,6 k €	-41.8%	18,3 k €	+160%	7 k €	-38.2%	11,3 k €	+20.7%	9,4 k €	-36.8%	14,9 k €	-19.3%	18,4 k €	+9.5%	16,8 k €	+11.9%	15 k €	-2.1%	15,4 k €	+0.4%	15,3 k €	+21.1%	12,6 k €	-52.6%	26,7 k €	-29.4%	37,8 k €	-45.7%	69,5 k €
Balance sheet
Equity	173,2 k €	+12.1%	154,5 k €	+10.4%	139,9 k €	+16.3%	120,3 k €	+12.9%	106,6 k €	+7.6%	99 k €	-73.1%	368,4 k €	+5.2%	350,1 k €	+2.0%	343,1 k €	+3.4%	331,8 k €	+2.9%	322,4 k €	+4.8%	307,5 k €	+6.4%	289,1 k €	+6.2%	272,3 k €	+5.8%	257,2 k €	-61.7%	671,9 k €	+2.3%	656,6 k €	+2.0%	644 k €	+4.3%	617,3 k €	+6.5%	579,5 k €
Total assets	185,7 k €	+2.0%	182 k €	+4.7%	173,8 k €	+18.3%	147 k €	+16.8%	125,8 k €	+8.7%	115,7 k €	-69.9%	384,2 k €	+3.0%	373 k €	+4.2%	358,1 k €	-1.8%	364,6 k €	+6.3%	343 k €	+7.3%	319,6 k €	+5.8%	302 k €	+6.6%	283,4 k €	+6.2%	266,9 k €	-62.0%	701,9 k €	+1.9%	688,5 k €	+2.1%	674,4 k €	+3.8%	649,5 k €	+4.7%	620,5 k €
Cash	100,2 k €	+1.8%	98,5 k €	+29.0%	76,4 k €	+67.5%	45,6 k €	+53.1%	29,8 k €	+4099%	709 €	-99.5%	151,7 k €	+13.1%	134,1 k €	+2.4%	131 k €	+2.2%	128,2 k €	+17.8%	108,8 k €	-41.9%	187,4 k €	-9.5%	207 k €	+8.9%	190 k €	+15.3%	164,8 k €	-72.2%	593,9 k €	+3.8%	572,1 k €	+3.8%	551,1 k €	+4530%	11,9 k €	-96.9%	386,3 k €
Debts	5,2 k €	-74.3%	20,1 k €	+23.6%	16,2 k €	+15.0%	14,1 k €	+110%	6,7 k €	+24.9%	5,4 k €	+13.8%	4,7 k €	-79.3%	22,9 k €		–		1,8 k €	+31.4%	1,4 k €		–		1,4 k €	+979%	130 €	-85.1%	873 €	+186%	305 €	+136%	129 €	0.0%	129 €	-97.3%	4,7 k €	-68.7%	15,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

MICHELE COOSEMANS

Mandate

Active

Ended mandates

CAMILLE LAGRAND

Director · until 14 mai 2013

Ended

CAMILLE LAGRAND

Director

Ended

Camille Lagrang

Director

Ended

IRENE FREDERICKX

Director · until 29 mai 2007

Ended

At this address

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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	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	31/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	04/06/2026	20/06/2025	30/06/2024	14/06/2023	30/06/2022	23/04/2021
General meeting	04/05/2026	13/05/2025	07/04/2024	07/04/2023	07/04/2022	07/04/2021
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	04/05/2026	04/06/2026	French	PDF
Abridged model	30/12/2024	13/05/2025	20/06/2025	French	PDF
Abridged model	30/12/2023	07/04/2024	30/06/2024	French	PDF
Abridged model	30/12/2022	07/04/2023	14/06/2023	French	PDF
Abridged model	30/12/2021	07/04/2022	30/06/2022	French	PDF
Abridged model	30/12/2020	07/04/2021	23/04/2021	French	PDF
Abridged model	30/12/2019	12/05/2020	28/05/2020	French	PDF
Abridged model	30/12/2018	07/04/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	04/04/2018	06/07/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	23/06/2017	French	PDF
Abridged model	31/12/2015	09/05/2016	01/07/2016	French	PDF
Abridged model	31/12/2014	13/05/2015	23/07/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	19/08/2013	French	PDF
Abridged model	31/12/2011	30/04/2012	18/06/2012	French	PDF
Abridged model	31/12/2010	04/04/2011	22/07/2011	French	PDF
Abridged model	31/12/2009	12/05/2010	06/08/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	18/05/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	19/06/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 8 ended

Active mandates

MICHELE COOSEMANS

Mandate

Active

Ended mandates

CAMILLE LAGRAND

Director · until 14 mai 2013

Ended

CAMILLE LAGRAND

Director

Ended

Camille Lagrang

Director

Ended

IRENE FREDERICKX

Director · until 29 mai 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2025
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2018
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares02/05/2011
CAPITAL, ACTIONS
PDF
Mandates12/11/2010
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/07/2006
CAPITAL, ACTIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/06/2005
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2003
DEMISSIONS, NOMINATIONS
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 202518,7 k €↑
2024
Annual accounts 202414,6 k €↓
2023
Annual accounts 202319,6 k €↑
2022
Annual accounts 202213,7 k €↑
2021
Annual accounts 20217,6 k €↓
2020
Annual accounts 202010,6 k €↓
2019
Annual accounts 201918,3 k €↑
2018
Annual accounts 20187 k €↓
2017
Annual accounts 201711,3 k €↑
2016
Annual accounts 20169,4 k €↓
2015
Annual accounts 201514,9 k €↓
2014
Annual accounts 201418,4 k €↑
2013
Annual accounts 201316,8 k €↑
2012
Annual accounts 201215 k €↓
2011
Annual accounts 201115,4 k €↑
2010
Annual accounts 201015,3 k €↑
2009
Annual accounts 200912,6 k €↓
2008
Annual accounts 200826,7 k €↓
2007
Annual accounts 200737,8 k €↓
2006
Annual accounts 200669,5 k €
04/12/1997
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

FRECO

Overview

What does FRECO do?

Trend over 20 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