FRIENDS
0860.963.090 · rovalta.com · 23/09/2026
ACTIVE
FRIENDS
Financial year 2025 · closed on 31/12/2025
Net result
-6,3 k €
-163.7% YoY
Gross margin
2,5 k €
-87.7% YoY
Equity
106,2 k €
-5.6% YoY
Overview
What does FRIENDS do?
FRIENDS is a Private limited company incorporated in 2003. Its main activity is: Retail sale of tobacco products in specialised stores. Its registered office is in Menen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0860.963.090
Incorporation
09/10/2003
Legal form
Private limited company
Registered office
Stationsstraat 72
8930 Menen · FlandreSee on map
8930 Menen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
47260Retail sale of tobacco products in specialised stores· main47260Retail sale of tobacco products in specialised stores52112Warehousing and storage47110Retail sale in non-specialised stores with food, beverages or tobacco predominating47112Retail sale in non-specialised stores with food, beverages or tobacco predominating47210Retail sale of fruit and vegetables in specialised stores+3
Signals
Solid equityLow riskGood liquidity
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 2,5 k € | -87.7% | 20,6 k € | -42.2% | 35,6 k € | -5.2% | 37,6 k € | +1.3% | 37,1 k € | -16.5% | 44,4 k € | +36.9% | 32,5 k € | +9.3% | 29,7 k € | -9.1% | 32,6 k € | +26.5% | 25,8 k € | -1.5% | 26,2 k € | -51.0% | 53,4 k € | -17.6% | 64,9 k € | +8.8% | 59,7 k € | +38.5% | 43,1 k € | -20.9% | 54,4 k € | +17.5% | 46,3 k € | -23.8% | 60,8 k € | +6.5% | 57 k € |
| EBITDA | -2,5 k € | -114% | 18 k € | -46.1% | 33,4 k € | -5.8% | 35,5 k € | +8.7% | 32,6 k € | +38.5% | 23,6 k € | +268% | 6,4 k € | +149% | -13,1 k € | -271% | 7,6 k € | -58.7% | 18,5 k € | +15.3% | 16,1 k € | +406% | 3,2 k € | -9.5% | 3,5 k € | +19.9% | 2,9 k € | +227% | -2,3 k € | -113% | 17,1 k € | +192% | 5,9 k € | -14.3% | 6,9 k € | +6.2% | 6,5 k € |
| Operating result | -4,5 k € | -126% | 17,4 k € | -47.2% | 32,9 k € | -3.4% | 34 k € | +9.6% | 31,1 k € | +41.2% | 22 k € | +356% | 4,8 k € | +133% | -14,5 k € | -2430% | 624 € | -94.3% | 10,9 k € | +46.0% | 7,5 k € | +574% | 1,1 k € | +19.4% | 929 € | -19.4% | 1,2 k € | +128% | -4 k € | -130% | 13,6 k € | +3597% | 368 € | -72.7% | 1,3 k € | +33.4% | 1 k € |
| Net result | -6,3 k € | -164% | 9,9 k € | -52.0% | 20,5 k € | -5.3% | 21,7 k € | +12.2% | 19,3 k € | +27.4% | 15,2 k € | +7635% | 196 € | +101% | -24,4 k € | -463% | -4,3 k € | -255% | 2,8 k € | +701% | 349 € | -53.0% | 743 € | +19.5% | 622 € | -19.4% | 772 € | +119% | -4 k € | -145% | 9 k € | +3492% | 250 € | -72.7% | 917 € | +33.3% | 688 € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 106,2 k € | -5.6% | 112,5 k € | +9.6% | 102,7 k € | +25.0% | 82,1 k € | +35.9% | 60,5 k € | +46.9% | 41,1 k € | +58.3% | 26 k € | +0.8% | 25,8 k € | -48.6% | 50,2 k € | -7.9% | 54,6 k € | +5.4% | 51,8 k € | -81.4% | 277,9 k € | +10.2% | 252,1 k € | +407% | 49,7 k € | -6.7% | 53,3 k € | +36.1% | 39,1 k € | +8.7% | 36 k € | -5.6% | 38,1 k € | +20.9% | 31,6 k € |
| Total assets | 160,1 k € | +3.9% | 154,1 k € | -0.2% | 154,5 k € | +6.3% | 145,3 k € | +13.3% | 128,2 k € | +14.4% | 112,1 k € | +7.0% | 104,7 k € | +21.6% | 86,1 k € | -46.1% | 159,6 k € | +39.5% | 114,4 k € | +10.9% | 103,1 k € | -67.2% | 313,9 k € | +12.9% | 278,1 k € | +10.2% | 252,3 k € | +52.6% | 165,3 k € | +122% | 74,5 k € | -1.5% | 75,6 k € | -37.1% | 120,2 k € | +37.5% | 87,4 k € |
| Cash | 52,5 k € | -36.1% | 82,2 k € | +6.9% | 76,9 k € | +23.9% | 62 k € | +16.4% | 53,3 k € | +44.6% | 36,9 k € | +39.1% | 26,5 k € | +369% | 5,6 k € | -78.6% | 26,4 k € | +41.4% | 18,7 k € | +1214% | 1,4 k € | +119% | 648 € | -26.0% | 876 € | -75.6% | 3,6 k € | -39.7% | 6 k € | +22.9% | 4,8 k € | +72.3% | 2,8 k € | -47.8% | 5,4 k € | -16.7% | 6,5 k € |
| Debts | 53,8 k € | +29.3% | 41,6 k € | -19.6% | 51,8 k € | -18.0% | 63,2 k € | -6.7% | 67,8 k € | -4.5% | 70,9 k € | -9.8% | 78,7 k € | +34.4% | 58,5 k € | -44.7% | 105,8 k € | +76.9% | 59,8 k € | +16.5% | 51,4 k € | +42.5% | 36 k € | +38.3% | 26,1 k € | -87.1% | 202,6 k € | +80.9% | 112 k € | +217% | 35,4 k € | -10.7% | 39,6 k € | -51.7% | 82 k € | +46.8% | 55,9 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 28/08/2026 | 29/09/2025 | 25/09/2024 | 27/09/2023 | 30/09/2022 | 24/11/2021 |
| General meeting | 16/05/2026 | 17/05/2025 | 18/05/2024 | 17/05/2023 | 18/05/2022 | 19/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 16/05/2026 | 28/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 17/05/2025 | 29/09/2025 | Dutch | |
| Micro model | 31/12/2023 | 18/05/2024 | 25/09/2024 | Dutch | |
| Micro model | 31/12/2022 | 17/05/2023 | 27/09/2023 | Dutch | |
| Micro model | 31/12/2021 | 18/05/2022 | 30/09/2022 | Dutch | |
| Micro model | 31/12/2020 | 19/05/2021 | 24/11/2021 | Dutch | |
| Micro model | 31/12/2019 | 20/05/2020 | 08/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 18/05/2019 | 03/12/2019 | Dutch | |
| Micro model | 31/12/2017 | 19/05/2018 | 21/12/2018 | Dutch | |
| Micro model | 31/12/2016 | 20/05/2017 | 16/11/2017 | Dutch | |
| Abridged model | 31/12/2015 | 21/05/2016 | 22/12/2016 | Dutch | |
| Abridged model | 31/12/2014 | 16/05/2015 | 07/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 17/05/2014 | 09/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 18/05/2013 | 16/09/2013 | Dutch | |
| Abridged model | 31/12/2011 | 19/05/2012 | 27/09/2012 | Dutch | |
| Abridged model | 31/12/2010 | 21/05/2011 | 22/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 15/05/2010 | 15/09/2010 | Dutch | |
| Abridged model | 31/12/2008 | 16/05/2009 | 08/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 17/05/2008 | 26/05/2008 | Dutch | |
| Abridged model | 31/12/2006 | 19/05/2007 | 24/05/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Shareholders
Ownership and network
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Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-6,3 k €↓
- 2024Annual accounts 20249,9 k €↓
- 2023Annual accounts 202320,5 k €↓
- 2022Annual accounts 202221,7 k €↑
- 2021Annual accounts 202119,3 k €↑
- 2020Annual accounts 202015,2 k €↑
- 2019Annual accounts 2019196 €↑
- 2018Annual accounts 2018-24,4 k €↓
- 2017Annual accounts 2017-4,3 k €↓
- 2016Annual accounts 20162,8 k €↑
- 2015Annual accounts 2015349 €↓
- 2014Annual accounts 2014743 €↑
- 2013Annual accounts 2013622 €↓
- 2012Annual accounts 2012772 €↑
- 2011Annual accounts 2011-4 k €↓
- 2010Annual accounts 20109 k €↑
- 2009Annual accounts 2009250 €↓
- 2008Annual accounts 2008917 €↑
- 2007Annual accounts 2007688 €
- 09/10/2003IncorporationPrivate limited company