ACTIVE

FROIRECA

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Financial year 2025 · closed on 31/12/2025

Net result

-19,5 k €

-113.2% YoY

Gross margin

975,9 k €

-16.1% YoY

Equity

641,9 k €

-5.6% YoY

Workforce

11,0 ETP

-17.3% YoY

What does FROIRECA do?

FROIRECA is a Private limited company incorporated in 2000. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Evere. It employs on average 11,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.155.706

Incorporation

30/10/2000

Legal form

Private limited company

Registered office

Avenue des Désirs 29
1140 Evere · BruxellesSee on map

Contributed capital

13 495,05 €

Latest accounts

31/12/2025

Average workforce

11,0 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45331Sale of motor vehicle parts and accessories

Joint committees (1)

Signals

Solid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	975,9 k €	-16.1%	1,2 M €	+11.0%	1 M €	+41.7%	739,1 k €	+36.0%	543,3 k €	-21.6%	692,7 k €	-16.7%	831,3 k €	+25.7%	661,3 k €	+26.2%	524,2 k €	-7.9%	568,9 k €	+48.9%	382,1 k €	-6.2%	407,2 k €	-5.5%	430,7 k €	+74.7%	246,6 k €	-4.8%	259,2 k €	+23.3%	210,1 k €	+1.8%	206,4 k €	+40.7%	146,7 k €	+1.6%	144,4 k €	-8.6%	158 k €
EBITDA	185,3 k €	-52.8%	392,3 k €	+3.9%	377,8 k €	+209%	122,4 k €	+268%	-72,9 k €	-144%	166,9 k €	-52.5%	351,2 k €	+62.1%	216,7 k €	+46.4%	148 k €	-34.2%	224,9 k €	+194%	76,5 k €	-45.0%	139,1 k €	-26.6%	189,5 k €	+276%	50,4 k €	-8.7%	55,2 k €	-11.5%	62,4 k €	-29.1%	88 k €	+50.6%	58,4 k €	+661%	7,7 k €	-64.1%	21,4 k €
Operating result	-20,4 k €	-110%	211,9 k €	+0.1%	211,7 k €	+1341%	-17,1 k €	+90.4%	-178,1 k €	-409%	57,7 k €	-76.6%	246,2 k €	+130%	106,8 k €	+294%	-55,2 k €	-129%	187,7 k €	+209%	60,6 k €	-42.8%	106 k €	-21.3%	134,7 k €	+6296%	2,1 k €	-68.8%	6,8 k €	-53.5%	14,5 k €	-72.5%	52,8 k €	+25.8%	42 k €	+273%	-24,2 k €	-38.8%	-17,5 k €
Net result	-19,5 k €	-113%	147,5 k €	-27.8%	204,3 k €	+1400%	-15,7 k €	+90.7%	-169,5 k €	-467%	46,2 k €	-72.5%	168,2 k €	+98.7%	84,7 k €	+326%	-37,5 k €	-138%	98,8 k €	+322%	23,4 k €	-60.7%	59,5 k €	-31.3%	86,5 k €	+11554%	742,5 €	-63.0%	2 k €	-72.5%	7,3 k €	-79.2%	35 k €	+11.0%	31,6 k €	+226%	-25 k €	-23.2%	-20,3 k €
Balance sheet
Equity	641,9 k €	-5.6%	680,3 k €	+2.2%	665,7 k €	+50.2%	443,3 k €	-4.2%	462,6 k €	-28.7%	649,3 k €	-3.4%	672 k €	+28.7%	522 k €	+8.8%	479,6 k €	+36.1%	352,4 k €	+38.9%	253,7 k €	+10.2%	230,3 k €	+33.1%	173 k €	+76.4%	98,1 k €	-3.3%	101,4 k €	-3.7%	105,3 k €	+13.5%	92,8 k €	+77.8%	52,2 k €	+12.3%	46,5 k €	-27.6%	64,2 k €
Total assets	2 M €	-22.5%	2,6 M €	-5.3%	2,8 M €	+30.2%	2,1 M €	-0.3%	2,1 M €	+5.4%	2 M €	-6.4%	2,2 M €	+8.7%	2 M €	+13.2%	1,8 M €	+65.8%	1,1 M €	+45.8%	730,6 k €	-20.7%	921,1 k €	+33.9%	687,8 k €	-13.9%	799 k €	+62.7%	491,2 k €	-19.4%	609,5 k €	+23.7%	492,5 k €	+65.1%	298,4 k €	+33.8%	223,1 k €	-6.1%	237,6 k €
Cash	227,9 k €	-20.2%	285,5 k €	+59.7%	178,7 k €	-5.8%	189,7 k €	+31.7%	144 k €	-44.7%	260,5 k €	+144%	106,9 k €	+106%	52 k €	+50.6%	34,5 k €	-69.7%	113,8 k €	+625%	15,7 k €	-51.7%	32,5 k €	+3.1%	31,6 k €	+1.9%	31 k €	+70.0%	18,2 k €	-25.3%	24,4 k €	+103%	12 k €	-29.7%	17,1 k €	+16266%	104,2 €	-95.2%	2,1 k €
Debts	1,4 M €	-27.9%	1,9 M €	-7.8%	2,1 M €	+25.3%	1,7 M €	+0.1%	1,7 M €	+21.8%	1,4 M €	-8.1%	1,5 M €	+1.6%	1,5 M €	+15.2%	1,3 M €	+81.0%	708,2 k €	+51.3%	468,1 k €	-30.7%	675,2 k €	+36.2%	495,8 k €	-26.6%	675,4 k €	+75.9%	384 k €	-22.6%	496 k €	+25.7%	394,5 k €	+62.5%	242,7 k €	+39.4%	174,1 k €	+0.4%	173,4 k €
Other
Workforce	11,0 ETP	-17.3%	13,3 ETP	+6.4%	12,5 ETP	+27.6%	9,8 ETP	-19.0%	12,1 ETP	+11.0%	10,9 ETP	+7.9%	10,1 ETP	+7.4%	9,4 ETP	+3.3%	9,1 ETP	+3.4%	8,8 ETP	+17.3%	7,5 ETP	-2.6%	7,7 ETP	+24.2%	6,2 ETP	+37.8%	4,5 ETP	-15.1%	5,3 ETP	+20.5%	4,4 ETP	+33.3%	3,3 ETP	-5.7%	3,5 ETP	-16.7%	4,2 ETP	-2.3%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

David DENEUX

Administrator - manager

Active

Georges ORPHANIDES

Administrator - manager

Active

Ended mandates

David DENEUX

Manager

Ended

David DENEUX

Associate

Ended

Georges ORPHANIDES

Manager

Ended

Georges ORPHANIDES

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires "DESIRS 29" à Evere, rue des Désirs, 29● Active	0885.455.590

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	17/07/2026	07/07/2025	05/07/2024	30/06/2023	21/06/2022	17/05/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	04/04/2022	05/04/2021
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	29/06/2026	17/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	07/07/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	05/07/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	30/06/2023	French	PDF
Abridged model	31/12/2021	04/04/2022	21/06/2022	French	PDF
Abridged model	31/12/2020	05/04/2021	17/05/2021	French	PDF
Abridged model	31/12/2019	06/04/2020	26/06/2020	French	PDF
Abridged model	31/12/2018	01/04/2019	14/06/2019	French	PDF
Abridged model	31/12/2017	02/04/2018	26/06/2018	French	PDF
Abridged model	31/12/2016	23/01/2017	11/05/2017	French	PDF
Abridged model	31/12/2015	04/04/2016	26/05/2016	French	PDF
Abridged model	31/12/2014	06/04/2015	10/06/2015	French	PDF
Abridged model	31/12/2013	07/04/2014	08/05/2014	French	PDF
Abridged model	31/12/2012	01/04/2013	20/06/2013	French	PDF
Abridged model	31/12/2011	02/04/2012	01/06/2012	French	PDF
Abridged model	31/12/2010	04/04/2011	19/05/2011	French	PDF
Abridged model	31/12/2009	05/04/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	10/04/2009	02/06/2009	French	PDF
Abridged model	31/12/2007	07/04/2008	13/05/2008	French	PDF
Abridged model	31/12/2006	02/04/2007	07/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 4 ended

Active mandates

David DENEUX

Administrator - manager

Active

Georges ORPHANIDES

Administrator - manager

Active

Ended mandates

David DENEUX

Manager

Ended

David DENEUX

Associate

Ended

Georges ORPHANIDES

Manager

Ended

Georges ORPHANIDES

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/11/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Capital / shares28/11/2018
CAPITAL, ACTIONS
PDF
Registered office30/01/2018
SIEGE SOCIAL
PDF
Capital / shares03/02/2014
CAPITAL, ACTIONS
PDF
Registered office07/03/2007
SIEGE SOCIAL
PDF
Registered office06/09/2005
SIEGE SOCIAL
PDF
Registered office26/01/2004
SIEGE SOCIAL
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 2025-19,5 k €↓
2024
Annual accounts 2024147,5 k €↓
2023
Annual accounts 2023204,3 k €↑
2022
Annual accounts 2022-15,7 k €↑
2021
Annual accounts 2021-169,5 k €↓
2020
Annual accounts 202046,2 k €↓
2019
Annual accounts 2019168,2 k €↑
2018
Annual accounts 201884,7 k €↑
2017
Annual accounts 2017-37,5 k €↓
2016
Annual accounts 201698,8 k €↑
2015
Annual accounts 201523,4 k €↓
2014
Annual accounts 201459,5 k €↓
2013
Annual accounts 201386,5 k €↑
2012
Annual accounts 2012742,5 €↓
2011
Annual accounts 20112 k €↓
2010
Annual accounts 20107,3 k €↓
2009
Annual accounts 200935 k €↑
2008
Annual accounts 200831,6 k €↑
2007
Annual accounts 2007-25 k €↓
2006
Annual accounts 2006-20,3 k €
30/10/2000
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

FROIRECA

Overview

What does FROIRECA 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