ACTIVE

FiRo

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Financial year 2025 · closed on 30/09/2025
Net result
576,4 k €
+33.0% YoY
Gross margin
1,1 M €
+32.4% YoY
Equity
373,9 k €
+71.9% YoY
Workforce
6,2 ETP
+12.7% YoY

What does FiRo do?

FiRo is a Private limited company incorporated in 2020. Its main activity is: Electrical installation. Its registered office is in Lennik. It employs on average 6,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0744.587.044
Incorporation
28/02/2020
Legal form
Private limited company
Registered office
Busingenstraat 64
1750 Lennik · FlandreSee on map
Contributed capital
5 000,00 €
Latest accounts
30/09/2025
Average workforce
6,2 ETP
Activities (NACE)
43211Electrical installation· main43211Electrical installation70200Management consultancy activities70220Business and other management consultancy activities41001Construction of buildings41201Construction of residential and non-residential buildings+4
Joint committees (3)
  • 14901
  • 200
  • 20000
Signals
ProfitableLow 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 5 financial years

20252024202320222021
Income statement
Gross margin1,1 M €836,7 k €849,1 k €310 k €161,1 k €
EBITDA679,5 k €517,9 k €606,7 k €216,8 k €141,7 k €
Operating result638,5 k €479,9 k €579,4 k €198,9 k €129,6 k €
Net result576,4 k €433,4 k €538,1 k €190,3 k €128,4 k €
Balance sheet
Equity373,9 k €217,5 k €201,8 k €63,7 k €23,4 k €
Total assets2,1 M €2,4 M €1,6 M €798,4 k €538,9 k €
Cash398,5 k €269,4 k €327,5 k €218,9 k €241,1 k €
Debts1,2 M €2 M €1,3 M €730,4 k €504,8 k €
Other
Workforce6,2 ETP5,5 ETP4,8 ETP2,6 ETP0,5 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 30/09/2025 · 2 active

Active mandates

KETILL

Director · 0728.830.482

Represented by Kjell SEGERS

Active
MT PROJECTS

Director · 0728.477.819

Represented by Tom Frans Mertens

Active
At this address

Other companies at this address

CompanyCBE no.
MT PROJECTS● Active
0728.477.819
Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202128/02/2020
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/2021
Length of the financial year12 months12 months12 months12 months20 months
Filing date30/04/202630/04/202515/04/202427/04/202304/04/2022
General meeting31/03/202631/03/202516/03/202431/03/202319/03/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202531/03/202630/04/2026DutchPDF
Abridged model30/09/202431/03/202530/04/2025DutchPDF
Abridged model30/09/202316/03/202415/04/2024DutchPDF
Abridged model30/09/202231/03/202327/04/2023DutchPDF
Abridged model30/09/202119/03/202204/04/2022DutchPDF
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 30/09/2025 · 2 active

Active mandates

KETILL

Director · 0728.830.482

Represented by Kjell SEGERS

Active
MT PROJECTS

Director · 0728.477.819

Represented by Tom Frans Mertens

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/03/2020
    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 2025576,4 k €↑
  2. 2024
    Annual accounts 2024433,4 k €↓
  3. 2023
    Annual accounts 2023538,1 k €↑
  4. 2022
    Annual accounts 2022190,3 k €↑
  5. 2021
    Annual accounts 2021128,4 k €
  6. 28/02/2020
    IncorporationPrivate limited company