ACTIVE

FIRAT

Financial year 2025 · closed on 31/12/2025
Net result
28,7 k €
+141.2% YoY
Gross margin
115,2 k €
+12.9% YoY
Equity
89,2 k €
+47.3% YoY

What does FIRAT do?

FIRAT is a Private company with limited liability incorporated in 2016. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0649.872.779
Incorporation
14/03/2016
Legal form
Private company with limited liability
Registered office
Sint-Bernardsesteenweg 616
2660 Antwerpen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin115,2 k €102 k €75,3 k €62,2 k €80,8 k €57,7 k €84 k €50,4 k €61,2 k €36,5 k €
EBITDA40,3 k €18,5 k €10,9 k €13,1 k €30,1 k €2 k €5,9 k €3,7 k €-2 k €2,2 k €
Operating result34,9 k €15,8 k €8,4 k €10,7 k €27,7 k €-405,2 €3,6 k €1,5 k €-4,2 k €63 €
Net result28,7 k €11,9 k €3,7 k €819,6 €25,3 k €551,6 €1,1 k €882 €-4,4 k €246 €
Balance sheet
Equity89,2 k €60,6 k €46,8 k €43,1 k €42,3 k €17 k €16,4 k €14,7 k €13,8 k €18,2 k €
Total assets121,6 k €100,3 k €67,7 k €71,9 k €62,6 k €43,5 k €44,1 k €29,7 k €26 k €27,6 k €
Cash91,6 k €60,5 k €59,1 k €55,6 k €46,4 k €25,2 k €10 k €9,4 k €2,6 k €3,3 k €
Debts32,4 k €39,8 k €20,9 k €28,7 k €20,3 k €26,5 k €27,7 k €15 k €12,2 k €8,4 k €
Other
Workforce2,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2020 · 1 active

Active mandates

Hekim Kayabas

Mandate

Active
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date28/08/202626/07/202530/08/202431/08/202329/06/202228/06/2021
General meeting15/06/202616/06/202517/06/202419/06/202320/06/202221/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202515/06/202628/08/2026DutchPDF
Micro model31/12/202416/06/202526/07/2025DutchPDF
Micro model31/12/202317/06/202430/08/2024DutchPDF
Micro model31/12/202219/06/202331/08/2023DutchPDF
Micro model31/12/202120/06/202229/06/2022DutchPDF
Micro model31/12/202021/06/202128/06/2021DutchPDF
Micro model31/12/201915/06/202001/07/2020DutchPDF
Abridged model31/12/201817/06/201923/07/2019DutchPDF
Abridged model31/12/201718/06/201823/08/2018DutchPDF
Abridged model31/12/201619/06/201714/07/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2020 · 1 active

Active mandates

Hekim Kayabas

Mandate

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other16/03/2016
    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 202528,7 k €
  2. 2024
    Annual accounts 202411,9 k €
  3. 2023
    Annual accounts 20233,7 k €
  4. 2022
    Annual accounts 2022819,6 €
  5. 2021
    Annual accounts 202125,3 k €
  6. 2020
    Annual accounts 2020551,6 €
  7. 2019
    Annual accounts 20191,1 k €
  8. 2018
    Annual accounts 2018882 €
  9. 2017
    Annual accounts 2017-4,4 k €
  10. 2016
    Annual accounts 2016246 €
  11. 14/03/2016
    IncorporationPrivate company with limited liability