ACTIVE

FREAP

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Financial year 2026 · closed on 31/01/2026
Net result
72,3 k €
-38.5% YoY
Gross margin
287,5 k €
-1.0% YoY
Equity
2,2 M €
+3.3% YoY

What does FREAP do?

FREAP is a Private limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Aalst.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0599.795.045
Incorporation
27/02/2015
Legal form
Private limited company
Registered office
Nieuwerkerken-Dorp 68 box 2
9320 Aalst · FlandreSee on map
Contributed capital
268 600,00 €
Latest accounts
31/01/2026
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2026202520242023202220212020201920182017
Income statement
Gross margin287,5 k €290,3 k €305,8 k €311 k €619,1 k €583 k €475,4 k €330,6 k €440,3 k €399,2 k €
EBITDA268,1 k €281,7 k €296,4 k €305,5 k €611,6 k €577,9 k €470,9 k €322,9 k €439,3 k €386,7 k €
Operating result109,3 k €154,6 k €183,3 k €245,9 k €506,8 k €514,3 k €358,4 k €230,8 k €341 k €199,3 k €
Net result72,3 k €117,6 k €143,2 k €181,2 k €371,5 k €377,8 k €255,3 k €168,3 k €212,3 k €129,4 k €
Balance sheet
Equity2,2 M €2,1 M €2 M €2 M €1,8 M €1,4 M €1 M €777 k €610,3 k €398 k €
Total assets2,7 M €2,6 M €2,5 M €2,3 M €2,2 M €1,9 M €1,4 M €1,2 M €1,1 M €1,1 M €
Cash303,1 k €53,5 k €226,6 k €1,2 M €1,1 M €1 M €535,9 k €334 k €243 k €525,3 k €
Debts481,2 k €460,1 k €455 k €365,4 k €394,2 k €504,6 k €402,8 k €454,9 k €510 k €738,7 k €
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 31/01/2026 · 2 active · 6 ended

Active mandates

Frederik Philips

Director

Active
Peter Philips

Director

Active

Ended mandates

Frederik Philips

Director · since 01 octobre 2017

Ended
Peter Philips

Director · since 26 février 2015

Ended
FREDERIK PHILIPS

Administrator - manager

Ended
FREDERIK PHILIPS

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Duraworks● Active
0761.674.682
Vereniging van mede-eigenaars van het appartementsgebouw te Aalst (Nieuwerkerken), Nieuwerkerken-Dorp 68● Active
0478.108.446
Annual accounts

Full financial information

202620252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/02/202501/02/202401/02/202301/02/202201/02/202101/02/2020
Closing of the financial year31/01/202631/01/202531/01/202431/01/202331/01/202231/01/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/08/202626/08/202523/08/202428/09/202330/08/202213/08/2021
General meeting03/07/202604/07/202505/07/202407/07/202301/07/202202/07/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/01/202603/07/202622/08/2026DutchPDF
Micro model31/01/202504/07/202526/08/2025DutchPDF
Micro model31/01/202405/07/202423/08/2024DutchPDF
Micro model31/01/202307/07/202328/09/2023DutchPDF
Micro model31/01/202201/07/202230/08/2022DutchPDF
Micro model31/01/202102/07/202113/08/2021DutchPDF
Micro model31/01/202003/07/202008/10/2020DutchPDF
Micro model31/01/201905/07/201916/08/2019DutchPDF
Micro model31/01/201806/07/201827/08/2018DutchPDF
Abridged model31/01/201707/07/201727/09/2017DutchPDF
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 31/01/2026 · 2 active · 6 ended

Active mandates

Frederik Philips

Director

Active
Peter Philips

Director

Active

Ended mandates

Frederik Philips

Director · since 01 octobre 2017

Ended
Peter Philips

Director · since 26 février 2015

Ended
FREDERIK PHILIPS

Administrator - manager

Ended
FREDERIK PHILIPS

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/09/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/11/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares23/02/2017
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office24/10/2016
    MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other03/03/2015
    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. 2026
    Annual accounts 202672,3 k €↓
  2. 2025
    Annual accounts 2025117,6 k €↓
  3. 2024
    Annual accounts 2024143,2 k €↓
  4. 2023
    Annual accounts 2023181,2 k €↓
  5. 2022
    Annual accounts 2022371,5 k €↓
  6. 2021
    Annual accounts 2021377,8 k €↑
  7. 2020
    Annual accounts 2020255,3 k €↑
  8. 2019
    Annual accounts 2019168,3 k €↓
  9. 2018
    Annual accounts 2018212,3 k €↑
  10. 2017
    Annual accounts 2017129,4 k €
  11. 27/02/2015
    IncorporationPrivate limited company