ACTIVE

FREDO

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-366 k €

-199.4% YoY

Revenue

9 M €

+38.9% YoY

Equity

1,6 M €

-18.6% YoY

Workforce

6,0 ETP

0.0% YoY

What does FREDO do?

FREDO is a Private company with limited liability incorporated in 2002. Its main activity is: Retail sale of tobacco products in specialised stores. Its registered office is in Waregem. It employs on average 6,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.012.832

Incorporation

17/07/2002

Legal form

Private company with limited liability

Registered office

Henri Lebbestraat 188
8790 Waregem · FlandreSee on map

Contributed capital

153 600,00 €

Latest accounts

31/12/2025

Average workforce

6,0 ETP

Activities (NACE)

47260Retail sale of tobacco products in specialised stores· main 47260Retail sale of tobacco products in specialised stores 52260Support activities for transportation 46492Wholesale of other household goods 46492Wholesale of other household goods 47789Other retail sale of new goods in specialised stores+2

Joint committees (1)

Signals

Low riskGood liquidityPositive EBITDAHealthy social debtsHigh revenue

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 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
Revenue	9 M €	+38.9%	6,5 M €	-13.8%	7,5 M €	+10.5%	6,8 M €	+11.9%	6,1 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	245,5 k €	-64.3%	688,3 k €	-45.8%	1,3 M €	+281%	-703,6 k €	-2699%	-25,1 k €	-102%	1,5 M €	+87.6%	776,8 k €	+199%	259,6 k €	-63.9%	719,7 k €	+223%	223 k €	+17.4%	189,9 k €	+59.2%	119,3 k €	+39.0%	85,8 k €	-15.7%	101,7 k €	+106%	49,3 k €	+60.7%	30,7 k €	+127%	13,6 k €	-53.6%	29,2 k €	-36.0%	45,7 k €	+5.2%	43,4 k €
Operating result	219,2 k €	-66.9%	662,4 k €	-44.5%	1,2 M €	+255%	-771,6 k €	-740%	-91,8 k €	-107%	1,4 M €	+96.0%	708,4 k €	+216%	224 k €	-68.0%	700,1 k €	+227%	213,8 k €	+26.1%	169,5 k €	+81.6%	93,3 k €	+46.2%	63,8 k €	-23.8%	83,8 k €	+122%	37,8 k €	+33.2%	28,4 k €	+157%	11 k €	-57.9%	26,2 k €	-12.9%	30,1 k €	+95.6%	15,4 k €
Net result	-366 k €	-199%	368,4 k €	-64.9%	1 M €	+199%	-1,1 M €	-120%	-479,9 k €	-151%	944,4 k €	+139%	394,6 k €	+675%	50,9 k €	-86.9%	387,5 k €	+602%	55,2 k €	+3.8%	53,2 k €	+57.4%	33,8 k €	+71.5%	19,7 k €	-64.4%	55,4 k €	+747%	6,5 k €	+71.7%	3,8 k €	+127%	-14,3 k €	-1262%	1,2 k €	-87.0%	9,5 k €	+154%	-17,6 k €
Balance sheet
Equity	1,6 M €	-18.6%	2 M €	+23.1%	1,6 M €	+192%	545,3 k €	-66.0%	1,6 M €	-23.1%	2,1 M €	+83.1%	1,1 M €	+53.1%	742,6 k €	+7.4%	691,7 k €	+127%	304,2 k €	+22.2%	249 k €	+27.1%	195,9 k €	+20.8%	162,1 k €	+13.8%	142,4 k €	+63.6%	87,1 k €	+8.1%	80,5 k €	+5.0%	76,7 k €	-15.8%	91,1 k €	+1.4%	89,8 k €	+11.8%	80,3 k €
Total assets	8,2 M €	+78.5%	4,6 M €	+5.8%	4,3 M €	+0.8%	4,3 M €	+0.2%	4,3 M €	-31.3%	6,2 M €	+24.6%	5 M €	+21.6%	4,1 M €	+3.2%	4 M €	+61.9%	2,5 M €	+40.1%	1,8 M €	+22.8%	1,4 M €	+61.9%	884,8 k €	+14.4%	773,6 k €	+37.9%	561 k €	+31.3%	427,4 k €	+4.5%	409 k €	-21.3%	519,8 k €	-3.8%	540,3 k €	-3.5%	560,2 k €
Cash	47,4 k €	-88.8%	423,9 k €	+36.5%	310,5 k €	+7.3%	289,4 k €	-60.0%	724,1 k €	+4092%	17,3 k €	+68.9%	10,2 k €	-92.7%	140,1 k €	+42.5%	98,3 k €	+146%	40 k €	-12.0%	45,5 k €	-83.2%	270,3 k €	+112%	127,7 k €	+43.9%	88,7 k €	+310%	21,6 k €	+203%	7,2 k €	+2.2%	7 k €	-46.6%	13,1 k €	+7.5%	12,2 k €	-41.8%	21 k €
Debts	6,6 M €	+152%	2,6 M €	-4.4%	2,7 M €	-26.9%	3,7 M €	+39.3%	2,7 M €	-35.4%	4,2 M €	+7.6%	3,9 M €	+14.8%	3,4 M €	+2.2%	3,3 M €	+52.7%	2,2 M €	+43.0%	1,5 M €	+22.1%	1,2 M €	+71.3%	720 k €	+14.6%	628,5 k €	+33.0%	472,8 k €	+36.3%	346,9 k €	+4.4%	332,3 k €	-22.5%	428,8 k €	-4.8%	450,5 k €	-6.1%	479,8 k €
Other
Workforce	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	+3.4%	5,8 ETP	-3.3%	6,0 ETP	-10.4%	6,7 ETP	+6.3%	6,3 ETP	+6.8%	5,9 ETP	+1.7%	5,8 ETP	+16.0%	5,0 ETP	+35.1%	3,7 ETP	+118%	1,7 ETP	+13.3%	1,5 ETP	+275%	0,4 ETP		–		0,1 ETP	-75.0%	0,4 ETP		–		–		0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Dominique Gyselinck

Director · since 24 novembre 2003

Active

Frédéric Dechamps

Director · since 08 juillet 2002

Active

Ended mandates

AURELIE SERCK

Manager · since 24 novembre 2003 · until 31 mars 2008

Ended

DOMINIQUE GYSELINCK

Mandate · since 24 novembre 2003

Ended

DOMINIQUE GYSELINCK

Manager · since 24 novembre 2003

Ended

FREDERIC DECHAMPS

Manager · since 08 juillet 2002

Ended

At this address

Other companies at this address

Company	CBE no.
AB Flex● Active	1002.405.720
Arthures● Active	0651.913.244
ASTUCE● Active	0501.622.830
Belgium Luxury Trading● Active	0537.576.275
CARTOUCHES● Active	0567.642.614
CMI● Active	0753.486.201
DL Antwerp● Active	0738.487.130
DL Knokke● Active	0669.596.740
DL Spirits● Active	0633.569.059
DL Ukkel● Active	0698.913.605
Dominique London● Active	0749.619.265
EMK CLEANING● Active	1037.754.302
EQUILIBRIUM● Active	0863.919.711
Equilibrium Investments● Active	1029.606.597
SEACORIN● Active	0561.712.350
SOLUÇÃO● Active	0804.068.038

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full 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	07/07/2026	08/07/2025	27/06/2024	26/06/2023	25/08/2022	23/08/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	06/06/2026	07/07/2026	Dutch	PDF
Full modelCorrection	31/12/2024	07/06/2025	08/07/2025	Dutch	PDF
Full model	31/12/2024	07/06/2025	23/06/2025	Dutch	PDF
Full model	31/12/2023	01/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	03/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	04/06/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	23/08/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	16/10/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	17/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	11/03/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	30/07/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	07/06/2014	14/10/2014	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	30/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	19/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 5 ended

Active mandates

Dominique Gyselinck

Director · since 24 novembre 2003

Active

Frédéric Dechamps

Director · since 08 juillet 2002

Active

Ended mandates

AURELIE SERCK

Manager · since 24 novembre 2003 · until 31 mars 2008

Ended

DOMINIQUE GYSELINCK

Mandate · since 24 novembre 2003

Ended

DOMINIQUE GYSELINCK

Manager · since 24 novembre 2003

Ended

FREDERIC DECHAMPS

Manager · since 08 juillet 2002

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/06/2021
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares25/11/2020
KAPITAAL - AANDELEN
PDF
Registered office28/08/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office08/01/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/07/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/08/2007
Verplaatsing maatschappelijke en exploitatiezetel
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 2025-366 k €↓
2024
Annual accounts 2024368,4 k €↓
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022-1,1 M €↓
2021
Annual accounts 2021-479,9 k €↓
2020
Annual accounts 2020944,4 k €↑
2019
Annual accounts 2019394,6 k €↑
2018
Annual accounts 201850,9 k €↓
2017
Annual accounts 2017387,5 k €↑
2016
Annual accounts 201655,2 k €↑
2015
Annual accounts 201553,2 k €↑
2014
Annual accounts 201433,8 k €↑
2013
Annual accounts 201319,7 k €↓
2012
Annual accounts 201255,4 k €↑
2011
Annual accounts 20116,5 k €↑
2010
Annual accounts 20103,8 k €↑
2009
Annual accounts 2009-14,3 k €↓
2008
Annual accounts 20081,2 k €↓
2007
Annual accounts 20079,5 k €↑
2006
Annual accounts 2006-17,6 k €
17/07/2002
IncorporationPrivate company with limited liability

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

FREDO

Overview

What does FREDO 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