ACTIVE

FRADES

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Financial year 2025 · closed on 31/12/2025
Net result
87,2 k €
+113.2% YoY
Gross margin
168,4 k €
+119.7% YoY
Equity
481,1 k €
+22.1% YoY

What does FRADES do?

FRADES is a Private limited company incorporated in 2008. Its main activity is: Construction of buildings. Its registered office is in Binche.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0807.309.521
Incorporation
15/10/2008
Legal form
Private limited company
Registered office
Rue Joseph Wauters(PER) 111
7134 Binche · WallonieSee on map
Latest accounts
31/12/2025
Activities (NACE)
41001Construction of buildings· main41201Construction of residential and non-residential buildings43110Demolition43110Demolition43230Electrical, plumbing and other construction installation activities43291Other construction installation+2
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin168,4 k €76,6 k €325,1 k €466,1 k €309,1 k €364,5 k €450,1 k €531,7 k €462,6 k €482,1 k €598,9 k €475,6 k €384,6 k €445,7 k €358,0 k €543,4 k €189,5 k €
EBITDA166,7 k €-591,0 k €232,4 k €340,5 k €135,0 k €174,4 k €207,8 k €255,8 k €150,1 k €186,4 k €301,9 k €173,2 k €163,9 k €188,0 k €81,2 k €92,9 k €39,6 k €
Operating result113,9 k €-651,1 k €186,7 k €284,6 k €75,3 k €141,9 k €180,2 k €229,4 k €124,2 k €162,6 k €284,6 k €152,7 k €141,1 k €166,0 k €59,3 k €65,7 k €21,6 k €
Net result87,2 k €-658,6 k €138,5 k €209,9 k €50,9 k €110,4 k €118,9 k €150,5 k €52,4 k €90,7 k €180,5 k €62,5 k €66,7 k €77,3 k €56,1 k €43,6 k €21,2 k €
Balance sheet
Equity481,1 k €393,9 k €1,1 M €930,9 k €724,5 k €679,1 k €597,5 k €478,6 k €328,1 k €325,7 k €285,0 k €154,5 k €142,0 k €125,3 k €111,3 k €83,4 k €39,8 k €
Total assets931,9 k €924,3 k €1,5 M €1,4 M €1,3 M €1,1 M €772,2 k €676,6 k €573,7 k €580,6 k €482,2 k €373,3 k €307,4 k €340,7 k €172,1 k €156,7 k €67,1 k €
Cash102,4 k €40,7 k €65,0 k €130,5 k €170,5 k €425,9 k €412,1 k €310,5 k €318,3 k €257,5 k €252,1 k €143,2 k €58,0 k €133,7 k €16,6 k €31,9 k €3,7 k €
Debts448,2 k €527,7 k €446,4 k €430,6 k €561,5 k €461,1 k €130,2 k €197,6 k €244,6 k €254,5 k €194,4 k €213,6 k €165,4 k €215,3 k €60,9 k €73,3 k €26,7 k €
Other
Workforce––2,6 ETP3,3 ETP4,6 ETP5,0 ETP5,0 ETP5,0 ETP6,0 ETP6,0 ETP6,0 ETP6,0 ETP5,0 ETP6,4 ETP7,6 ETP13,9 ETP5,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

JOHAN DE ZEN

Mandate

Active

Ended mandates

JOHAN DE ZEN

Manager

Ended
STEFANO FRAGAPANE

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
TECTRABA● Active
1006.829.613
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro 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 date12/06/202616/06/202518/06/202421/06/202330/06/202218/06/2021
General meeting11/06/202612/06/202513/06/202408/06/202327/06/202210/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202511/06/202612/06/2026FrenchPDF
Micro model31/12/202412/06/202516/06/2025FrenchPDF
Abridged model31/12/202313/06/202418/06/2024FrenchPDF
Abridged model31/12/202208/06/202321/06/2023FrenchPDF
Abridged model31/12/202127/06/202230/06/2022FrenchPDF
Abridged model31/12/202010/06/202118/06/2021FrenchPDF
Abridged model31/12/201911/06/202012/06/2020FrenchPDF
Abridged model31/12/201813/06/201914/06/2019FrenchPDF
Abridged model31/12/201714/06/201818/06/2018FrenchPDF
Abridged model31/12/201608/06/201713/06/2017FrenchPDF
Abridged model31/12/201509/06/201621/06/2016FrenchPDF
Abridged model31/12/201411/06/201507/07/2015FrenchPDF
Abridged model31/12/201312/06/201426/06/2014FrenchPDF
Abridged model31/12/201213/06/201311/07/2013FrenchPDF
Abridged model31/12/201114/06/201215/06/2012FrenchPDF
Abridged model31/12/201009/06/201120/06/2011FrenchPDF
Abridged model31/12/200910/06/201012/08/2010FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 2 ended

Active mandates

JOHAN DE ZEN

Mandate

Active

Ended mandates

JOHAN DE ZEN

Manager

Ended
STEFANO FRAGAPANE

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other04/09/2026
    OBJET
    PDF
  • Other09/03/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET
    PDF
  • Registered office15/01/2021
    SIEGE SOCIAL
    PDF
  • Mandates14/07/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/06/2018
    DENOMINATION
    PDF
  • Mandates24/09/2010
    DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Registered office25/08/2010
    SIEGE SOCIAL
    PDF
  • Mandates12/04/2010
    DEMISSIONS, NOMINATIONS
    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 202587,2 k €↑
  2. 2024
    Annual accounts 2024-658,6 k €↓
  3. 2023
    Annual accounts 2023138,5 k €↓
  4. 2022
    Annual accounts 2022209,9 k €↑
  5. 2021
    Annual accounts 202150,9 k €↓
  6. 2020
    Annual accounts 2020110,4 k €↓
  7. 2019
    Annual accounts 2019118,9 k €↓
  8. 2018
    Annual accounts 2018150,5 k €↑
  9. 2017
    Annual accounts 201752,4 k €↓
  10. 2016
    Annual accounts 201690,7 k €↓
  11. 2015
    Annual accounts 2015180,5 k €↑
  12. 2014
    Annual accounts 201462,5 k €↓
  13. 2013
    Annual accounts 201366,7 k €↓
  14. 2012
    Annual accounts 201277,3 k €↑
  15. 2011
    Annual accounts 201156,1 k €↑
  16. 2010
    Annual accounts 201043,6 k €↑
  17. 2009
    Annual accounts 200921,2 k €
  18. 15/10/2008
    IncorporationPrivate limited company