ACTIVE

FRAY

Financial year 2025 · closed on 31/03/2025
Net result
125,8 k €
+325.2% YoY
Gross margin
342,6 k €
+52.1% YoY
Equity
520,9 k €
+31.9% YoY
Workforce
8,3 ETP
-19.4% YoY

What does FRAY do?

FRAY is a Private limited company incorporated in 2021. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Meise. It employs on average 8,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0765.438.183
Incorporation
19/03/2021
Legal form
Private limited company
Registered office
Brusselsesteenweg 58
1860 Meise · FlandreSee on map
Contributed capital
135 000,00 €
Latest accounts
31/03/2025
Average workforce
8,3 ETP
Joint committees (2)
  • 119
  • 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin342,6 k €225,2 k €315,4 k €248,4 k €
EBITDA255,9 k €133,1 k €253,3 k €187,2 k €
Operating result171,6 k €51,1 k €187,9 k €123,4 k €
Net result125,8 k €29,6 k €143,5 k €86,9 k €
Balance sheet
Equity520,9 k €395,1 k €365,5 k €221,9 k €
Total assets1 M €893,6 k €1 M €690,7 k €
Cash434,8 k €258,5 k €397,3 k €212,8 k €
Debts498,3 k €498,6 k €652,2 k €468,8 k €
Other
Workforce8,3 ETP10,3 ETP4,8 ETP2,0 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 31/03/2025 · 2 active

Active mandates

Fraiddun Zafari

Director · since 19 mars 2021

Active
Samira Zafari

Director · since 19 mars 2021

Active
At this address

Other companies at this address

CompanyCBE no.
4DDECORActive
0654.823.244
CARPET 2000Active
0415.118.032
SHOPPING MEISEActive
0437.856.614
Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202219/03/2021
Closing of the financial year31/03/202531/03/202431/03/202331/03/2022
Length of the financial year12 months12 months12 months13 months
Filing date24/11/202529/10/202431/10/202331/10/2022
General meeting26/09/202527/09/202429/09/202330/09/2022
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202526/09/202524/11/2025DutchPDF
Abridged model31/03/202427/09/202429/10/2024DutchPDF
Abridged model31/03/202329/09/202331/10/2023DutchPDF
Abridged model31/03/202230/09/202231/10/2022DutchPDF
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 31/03/2025 · 2 active

Active mandates

Fraiddun Zafari

Director · since 19 mars 2021

Active
Samira Zafari

Director · since 19 mars 2021

Active
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Other23/03/2021
    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 2025125,8 k €
  2. 2024
    Annual accounts 202429,6 k €
  3. 2023
    Annual accounts 2023143,5 k €
  4. 2022
    Annual accounts 202286,9 k €
  5. 19/03/2021
    IncorporationPrivate limited company