ACTIVE

FREWAM

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

317,7 k €

-79.3% YoY

Gross margin

432,3 k €

-80.3% YoY

Equity

3,5 M €

-12.8% YoY

Workforce

0,0 ETP

What does FREWAM do?

FREWAM is a Private limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Kluisbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.212.009

Incorporation

24/09/1998

Legal form

Private limited company

Registered office

Nophovestraat 10
9690 Kluisbergen · FlandreSee on map

Contributed capital

6 952,67 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	432,3 k €	-80.3%	2,2 M €	+79.4%	1,2 M €	+40.9%	869 k €	-2.0%	886,3 k €	+42.4%	622,4 k €	+5.9%	588 k €	+21.3%	484,6 k €	-4.5%	507,4 k €	+7.8%	470,7 k €	+7.3%	438,9 k €	+19.4%	367,6 k €	-13.6%	425,6 k €	+18.9%	357,9 k €	-17.9%	435,9 k €	-31.0%	631,9 k €	+6.6%	592,7 k €	+7.9%	549,1 k €	+111%	259,8 k €
EBITDA	372,9 k €	-82.9%	2,2 M €	+79.2%	1,2 M €	+41.0%	865,1 k €	-2.0%	883,2 k €	+43.0%	617,4 k €	+5.6%	584,5 k €	+21.6%	480,8 k €	-4.6%	504,2 k €	+8.5%	464,9 k €	+6.9%	434,9 k €	+19.4%	364,2 k €	-13.5%	421 k €	+19.1%	353,6 k €	-14.0%	411,4 k €	-33.9%	622,6 k €	+5.4%	590,7 k €	+8.1%	546,4 k €	+112%	258,2 k €
Operating result	316,3 k €	-84.9%	2,1 M €	+82.0%	1,1 M €	+45.1%	791,6 k €	-0.8%	797,7 k €	+50.3%	530,6 k €	+12.8%	470,2 k €	+26.8%	370,7 k €	-9.1%	407,7 k €	+7.1%	380,7 k €	+5.3%	361,7 k €	+20.1%	301,2 k €	-16.0%	358,6 k €	+22.6%	292,4 k €	-9.3%	322,3 k €	-42.9%	564,4 k €	+6.2%	531,3 k €	+4.3%	509,5 k €	+111%	241,2 k €
Net result	317,7 k €	-79.3%	1,5 M €	+94.7%	788,1 k €	+31.7%	598,5 k €	+3.5%	578,2 k €	+56.7%	369 k €	+9.0%	338,6 k €	+45.1%	233,4 k €	-5.8%	247,9 k €	+28.9%	192,2 k €	-5.7%	203,8 k €	+12.1%	181,9 k €	-19.3%	225,5 k €	+11.2%	202,9 k €	+11.8%	181,5 k €	-50.1%	363,7 k €	-0.1%	364,1 k €	+1.8%	357,6 k €	+114%	167,4 k €
Balance sheet
Equity	3,5 M €	-12.8%	4,1 M €	-8.3%	4,4 M €	+21.6%	3,6 M €	+19.6%	3,1 M €	+23.4%	2,5 M €	+17.5%	2,1 M €	+19.2%	1,8 M €	+15.2%	1,5 M €	+19.3%	1,3 M €	+17.6%	1,1 M €	+23.0%	888,1 k €	+17.8%	753,9 k €	+42.7%	528,4 k €	-36.0%	825,5 k €	-27.8%	1,1 M €	+52.0%	752,7 k €	+93.7%	388,6 k €	-26.8%	531,1 k €
Total assets	3,6 M €	-15.9%	4,3 M €	-10.7%	4,9 M €	+18.4%	4,1 M €	+3.0%	4 M €	+15.5%	3,5 M €	+12.6%	3,1 M €	+12.9%	2,7 M €	-0.6%	2,7 M €	+25.9%	2,2 M €	+11.0%	2 M €	+13.6%	1,7 M €	+10.6%	1,6 M €	-6.2%	1,7 M €	-22.4%	2,1 M €	+26.4%	1,7 M €	+6.7%	1,6 M €	+31.8%	1,2 M €	+63.9%	734,1 k €
Cash	107,6 k €	-78.5%	501,1 k €	-56.9%	1,2 M €	+58.2%	735,3 k €	-40.9%	1,2 M €	+115%	578,2 k €	+39.4%	414,7 k €	+95.8%	211,8 k €	+16.3%	182,1 k €	+35.0%	134,9 k €	-35.0%	207,8 k €	+17.8%	176,4 k €	+238%	52,1 k €	-71.9%	185,7 k €	-33.3%	278,2 k €	+110%	132,4 k €	+158%	51,3 k €	-50.1%	102,9 k €	+21.9%	84,4 k €
Debts	89,4 k €	-67.4%	274,1 k €	-34.3%	417,3 k €	-8.8%	457,8 k €	-51.1%	936,5 k €	-4.3%	978,7 k €	+1.8%	960,9 k €	+1.1%	950,8 k €	-20.8%	1,2 M €	+35.6%	886,1 k €	+2.6%	863,9 k €	+3.6%	833,8 k €	+3.9%	802,4 k €	-29.0%	1,1 M €	-13.9%	1,3 M €	+140%	547,4 k €	-34.2%	832,4 k €	+2.2%	814,4 k €	+301%	203 k €
Other
Workforce	0,0 ETP		0,0 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 31/12/2025 · 1 active · 3 ended

Active mandates

Marc Cosaert

Director · since 15 décembre 2023

Active

Ended mandates

Marc COSAERT

Manager · since 16 septembre 1998

Ended

Marc COSAERT

Director

Ended

Marc COSAERT

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Frewam Invest● Active	1035.873.985

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	01/06/2023	01/06/2022	01/06/2021	01/06/2020	01/06/2019
Closing of the financial year	31/12/2025	31/12/2024	31/05/2023	31/05/2022	31/05/2021	31/05/2020
Length of the financial year	12 months	19 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	12/08/2025	22/12/2023	15/01/2023	04/01/2022	04/01/2021
General meeting	26/06/2026	27/06/2025	02/11/2023	02/11/2022	03/11/2021	04/11/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	12/08/2025	Dutch	PDF
Abridged model	31/05/2023	02/11/2023	22/12/2023	Dutch	PDF
Abridged model	31/05/2022	02/11/2022	15/01/2023	Dutch	PDF
Abridged model	31/05/2021	03/11/2021	04/01/2022	Dutch	PDF
Abridged model	31/05/2020	04/11/2020	04/01/2021	Dutch	PDF
Abridged model	31/05/2019	06/11/2019	30/01/2020	Dutch	PDF
Abridged model	31/05/2018	07/11/2018	31/01/2019	Dutch	PDF
Abridged model	31/05/2017	02/11/2017	30/01/2018	Dutch	PDF
Abridged model	31/05/2016	02/11/2016	12/01/2017	Dutch	PDF
Abridged model	31/05/2015	04/11/2015	22/12/2015	Dutch	PDF
Abridged model	31/05/2014	05/11/2014	08/01/2015	Dutch	PDF
Abridged model	31/05/2013	06/11/2013	19/12/2013	Dutch	PDF
Abridged model	31/05/2012	07/11/2012	21/12/2012	Dutch	PDF
Abridged model	31/05/2011	02/11/2011	23/12/2011	Dutch	PDF
Abridged model	31/05/2010	03/11/2010	03/01/2011	Dutch	PDF
Abridged model	31/05/2009	04/11/2009	22/12/2009	Dutch	PDF
Abridged model	31/05/2008	05/11/2008	22/12/2008	Dutch	PDF
Abridged model	31/05/2007	07/11/2007	28/11/2007	Dutch	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 31/12/2025 · 1 active · 3 ended

Active mandates

Marc Cosaert

Director · since 15 décembre 2023

Active

Ended mandates

Marc COSAERT

Manager · since 16 septembre 1998

Ended

Marc COSAERT

Director

Ended

Marc COSAERT

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other05/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares18/06/2014
KAPITAAL - AANDELEN
PDF
Registered office27/02/2009
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares04/04/2005
BENAMING - DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates13/09/2002
ONTSLAGEN - BENOEMINGEN - DOEL - 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 2025317,7 k €↓
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 2023788,1 k €↑
2022
Annual accounts 2022598,5 k €↑
2021
Annual accounts 2021578,2 k €↑
2020
Annual accounts 2020369 k €↑
2019
Annual accounts 2019338,6 k €↑
2018
Annual accounts 2018233,4 k €↓
2017
Annual accounts 2017247,9 k €↑
2016
Annual accounts 2016192,2 k €↓
2015
Annual accounts 2015203,8 k €↑
2014
Annual accounts 2014181,9 k €↓
2013
Annual accounts 2013225,5 k €↑
2012
Annual accounts 2012202,9 k €↑
2011
Annual accounts 2011181,5 k €↓
2010
Annual accounts 2010363,7 k €↓
2009
Annual accounts 2009364,1 k €↑
2008
Annual accounts 2008357,6 k €↑
2007
Annual accounts 2007167,4 k €
24/09/1998
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

FREWAM

Overview

What does FREWAM 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