ACTIVE

F-GROUP

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Financial year 2025 · closed on 31/12/2025
Net result
388,6 k €
+12.0% YoY
Gross margin
1,1 M €
+2.7% YoY
Equity
937,5 k €
-21.8% YoY
Workforce
6,6 ETP
-2.9% YoY

What does F-GROUP do?

F-GROUP is a Private limited company incorporated in 2013. Its main activity is: Freight transport by road. Its registered office is in Etterbeek. It employs on average 6,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0536.477.009
Incorporation
05/07/2013
Legal form
Private limited company
Registered office
Boulevard Louis Schmidt 119 box 3
1040 Etterbeek · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
6,6 ETP
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road49420Removal services49420Removal services52249Cargo handling52249Cargo handling+16
Joint committees (2)
  • 14003
  • 226
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin1,1 M €1 M €801,4 k €1 M €935,9 k €771,6 k €436,5 k €152 k €-37,7 k €96,7 k €23 k €57,7 k €
EBITDA543,1 k €504,3 k €288 k €528,1 k €489,7 k €376,2 k €65,7 k €-238,6 k €-287,6 k €63,2 k €15,7 k €46,9 k €
Operating result520,5 k €466,3 k €246,6 k €489,2 k €472,1 k €372,8 k €60,9 k €-245,1 k €-301,8 k €51,1 k €11,6 k €43,1 k €
Net result388,6 k €346,9 k €183,7 k €359,6 k €361,7 k €370,2 k €56,3 k €-253 k €-314,6 k €37,9 k €5,7 k €36 k €
Balance sheet
Equity937,5 k €1,2 M €852,1 k €668,4 k €308,8 k €-52,9 k €-423 k €-479,3 k €-235,7 k €75,8 k €37,9 k €32,2 k €
Total assets1,3 M €1,4 M €1,1 M €1,1 M €829,9 k €406,7 k €679 k €633,4 k €482,2 k €144,4 k €78,5 k €80,2 k €
Cash630,6 k €455,7 k €614,3 k €483,1 k €167,9 k €91,6 k €127,1 k €157,4 k €6,4 k €501,9 €1,4 k €1,6 €
Debts365,2 k €223,6 k €283,3 k €383 k €521,1 k €459,6 k €1,1 M €1,1 M €715,3 k €68,6 k €40,6 k €47,9 k €
Other
Workforce6,6 ETP6,8 ETP6,7 ETP7,3 ETP6,9 ETP6,6 ETP5,9 ETP6,3 ETP4,7 ETP0,9 ETP0,1 ETP0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Ernst Lehnen

Director · since 26 janvier 2018

Active

Ended mandates

Ernst Lehnen

Manager · since 26 janvier 2018

Ended
Johan Fluit

Manager · until 26 janvier 2018

Ended
Johan Fluit

Manager

Ended
Koen Fluit

Manager · until 26 janvier 2018

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/07/202610/07/202501/07/202429/06/202330/06/202226/07/2021
General meeting11/06/202612/06/202513/06/202408/06/202309/06/202210/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/06/202614/07/2026DutchPDF
Abridged modelCorrection31/12/202412/06/202510/07/2025DutchPDF
Abridged model31/12/202412/06/202502/07/2025DutchPDF
Abridged model31/12/202313/06/202401/07/2024DutchPDF
Abridged model31/12/202208/06/202329/06/2023DutchPDF
Abridged model31/12/202109/06/202230/06/2022DutchPDF
Abridged model31/12/202010/06/202126/07/2021DutchPDF
Abridged model31/12/201911/06/202028/07/2020DutchPDF
Abridged model31/12/201813/06/201919/07/2019DutchPDF
Abridged model31/12/201729/06/201802/07/2018DutchPDF
Abridged model31/12/201608/06/201728/08/2017DutchPDF
Abridged model31/12/201509/06/201626/08/2016DutchPDF
Abridged model31/12/201411/06/201531/08/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 5 ended

Active mandates

Ernst Lehnen

Director · since 26 janvier 2018

Active

Ended mandates

Ernst Lehnen

Manager · since 26 janvier 2018

Ended
Johan Fluit

Manager · until 26 janvier 2018

Ended
Johan Fluit

Manager

Ended
Koen Fluit

Manager · until 26 janvier 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/05/2020
    MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
    PDF
  • Other28/01/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates15/02/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office07/12/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office05/01/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other11/10/2013
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other09/07/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025388,6 k €↑
  2. 2024
    Annual accounts 2024346,9 k €↑
  3. 2023
    Annual accounts 2023183,7 k €↓
  4. 2022
    Annual accounts 2022359,6 k €↓
  5. 2021
    Annual accounts 2021361,7 k €↓
  6. 2020
    Annual accounts 2020370,2 k €↑
  7. 2019
    Annual accounts 201956,3 k €↑
  8. 2018
    Annual accounts 2018-253 k €↑
  9. 2017
    Annual accounts 2017-314,6 k €↓
  10. 2016
    Annual accounts 201637,9 k €↑
  11. 2015
    Annual accounts 20155,7 k €↓
  12. 2014
    Annual accounts 201436 k €
  13. 05/07/2013
    IncorporationPrivate limited company