ACTIVE

FEMAJA

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Financial year 2025 · closed on 31/12/2025

Net result

550,8 k €

+89.9% YoY

Gross margin

934,3 €

-98.7% YoY

Equity

6,2 M €

+5.2% YoY

Workforce

0,6 ETP

0.0% YoY

What does FEMAJA do?

FEMAJA is a Private limited company incorporated in 2010. Its main activity is: Buying and selling of own real estate. Its registered office is in Waasmunster. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.386.091

Incorporation

19/01/2010

Legal form

Private limited company

Registered office

Potaardestraat 42
9250 Waasmunster · FlandreSee on map

Contributed capital

1 666 761,50 €

Latest accounts

31/12/2025

Average workforce

0,6 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	934,3 €	-98.7%	70,2 k €	+437%	13,1 k €	-94.4%	233,5 k €	+93.2%	120,8 k €	+86.6%	64,8 k €	-19.3%	80,3 k €	+0.4%	80 k €	+3.3%	77,4 k €	+42.9%	54,2 k €	+0.9%	53,7 k €	+9.0%	49,3 k €
EBITDA	-100,9 k €	-1107%	10 k €	+159%	-17,1 k €	-110%	172,6 k €	+48.3%	116,4 k €	+95.3%	59,6 k €	-16.2%	71,1 k €	-3.0%	73,4 k €	+2.6%	71,5 k €	+40.2%	51 k €	-0.1%	51 k €	+8.5%	47,1 k €
Operating result	-150,6 k €	-579%	-22,2 k €	+80.5%	-113,5 k €	-168%	165,9 k €	+61.8%	102,5 k €	+1229%	7,7 k €	-16.7%	9,3 k €	-56.1%	21,1 k €	+196%	-21,9 k €	-266%	13,2 k €	+3.2%	12,8 k €	+211%	4,1 k €
Net result	550,8 k €	+89.9%	290 k €	-59.1%	709,9 k €	-10.0%	788,6 k €	-7.9%	856,5 k €	+308%	210 k €	-44.6%	379 k €	+5.8%	358 k €	+2.6%	349,1 k €	-19.9%	435,8 k €	+19.8%	363,9 k €	+4384%	-8,5 k €
Balance sheet
Equity	6,2 M €	+5.2%	5,9 M €	-1.8%	6 M €	+12.4%	5,3 M €	+17.4%	4,5 M €	+23.3%	3,7 M €	+6.1%	3,5 M €	-13.1%	4 M €	+9.9%	3,6 M €	+10.6%	3,3 M €	+15.3%	2,8 M €	+14.7%	2,5 M €
Total assets	9,1 M €	+31.0%	6,9 M €	-0.0%	6,9 M €	+24.4%	5,6 M €	+0.1%	5,6 M €	+9.2%	5,1 M €	+2.8%	4,9 M €	-1.7%	5 M €	+6.4%	4,7 M €	+32.5%	3,6 M €	+4.6%	3,4 M €	+9.0%	3,1 M €
Cash	406,7 k €	+5348%	7,5 k €	-97.3%	273,5 k €	-59.1%	668,6 k €	+4442%	14,7 k €	-26.2%	20 k €	-89.1%	183,7 k €	+1616%	10,7 k €	-36.5%	16,9 k €	-82.5%	96,6 k €	+20142%	477 €	-99.5%	101,2 k €
Debts	2,9 M €	+172%	1 M €	+11.7%	939,3 k €	+286%	243,1 k €	-46.8%	457 k €	-57.2%	1,1 M €	-5.6%	1,1 M €	+9.0%	1 M €	-4.6%	1,1 M €	+293%	276,6 k €	-50.5%	558,7 k €	-13.5%	645,6 k €
Other
Workforce	0,6 ETP	0.0%	0,6 ETP		–		0,6 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Frank Muller

Director · since 07 janvier 2010

Active

Ended mandates

Frank Gelein Muller

Director · since 07 janvier 2010

Ended

Frank Muller

Director

Ended

Frank Muller

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
LANDTSINBEL● Active	0431.658.017

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2026	01/08/2025	09/10/2024	29/08/2023	29/09/2022	28/10/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	07/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	01/08/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	09/10/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	29/09/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	28/10/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	29/10/2020	Dutch	PDF
Abridged model	31/12/2018	24/04/2019	28/05/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	26/08/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 1 active · 3 ended

Active mandates

Frank Muller

Director · since 07 janvier 2010

Active

Ended mandates

Frank Gelein Muller

Director · since 07 janvier 2010

Ended

Frank Muller

Director

Ended

Frank Muller

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring17/02/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/10/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates04/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/05/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares23/01/2015
BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/01/2015
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares28/03/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other29/01/2010
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

2025
Annual accounts 2025550,8 k €↑
2024
Annual accounts 2024290 k €↓
2023
Annual accounts 2023709,9 k €↓
2022
Annual accounts 2022788,6 k €↓
2021
Annual accounts 2021856,5 k €↑
2020
Annual accounts 2020210 k €↓
2019
Annual accounts 2019379 k €↑
2018
Annual accounts 2018358 k €↑
2017
Annual accounts 2017349,1 k €↓
2016
Annual accounts 2016435,8 k €↑
2015
Annual accounts 2015363,9 k €↑
2014
Annual accounts 2014-8,5 k €
19/01/2010
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FEMAJA

Overview

What does FEMAJA do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline