ACTIVE

FREWAM

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Financial year 2025 · Closed on 31/12/2025

Net result317,7 k €-79,3 %over 1 year

Gross margin432,3 k €-80,3 %over 1 year

Equity3,5 M €-12,8 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	372,9 k €	-82.9%	2,2 M €	+79.2%	1,2 M €	+41.0%	865,1 k €	-2.0%	883,2 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 €
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 €
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 €
Total assets	3,6 M €	-15.9%	4,3 M €	-10.7%	4,9 M €	+18.4%	4,1 M €	+3.0%	4 M €
Cash	107,6 k €	-78.5%	501,1 k €	-56.9%	1,2 M €	+58.2%	735,3 k €	-40.9%	1,2 M €
Debts	89,4 k €	-67.4%	274,1 k €	-34.3%	417,3 k €	-8.8%	457,8 k €	-51.1%	936,5 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc Cosaert	Directorsince 15/12/2023Manager16/09/1998 → 2007 accountsended

Other companies at this address

Nophovestraat 10 9690 Kluisbergen

Company	CBE no.
Frewam Invest● Active	1035.873.985

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc Cosaert	Directorsince 15/12/2023Manager16/09/1998 → 2007 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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
WIJZIGING 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

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Marc Cosaert

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

FREWAM

Nophovestraat 10, 9690 Kluisbergen

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Nophovestraat 10, 9690 KluisbergenCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00305201

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FREWAMCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00305201

Events

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

FREWAM

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events