ACTIVE

FLEMA

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Financial year 2025 · closed on 31/12/2025

Net result

44 k €

+1055.2% YoY

Gross margin

429,1 k €

+50.9% YoY

Equity

2 M €

+2.3% YoY

Workforce

5,0 ETP

-10.7% YoY

What does FLEMA do?

FLEMA is a Private limited company incorporated in 2004. Its registered office is in Frasnes-lez-Anvaing. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.121.323

Incorporation

05/05/2004

Legal form

Private limited company

Registered office

Rue Outre(A) 46
7910 Frasnes-lez-Anvaing · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

5,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	429,1 k €	+50.9%	284,4 k €	-49.1%	558,4 k €	-21.1%	708,1 k €	+5.4%	671,5 k €	+0.4%	668,6 k €	+6.7%	626,5 k €	+12.3%	557,9 k €	-7.3%	602,1 k €	+17.8%	511,1 k €	+6.8%	478,5 k €	-8.4%	522,3 k €	+14.8%	454,9 k €	-0.0%	455,1 k €	-25.6%	611,8 k €	+19.5%	511,9 k €	+135%	217,5 k €	-28.6%	304,8 k €	+5.8%	288,1 k €	+470%	50,5 k €
EBITDA	160,5 k €	+399%	32,1 k €	-87.8%	262,9 k €	-35.8%	409,7 k €	+3.5%	395,6 k €	+20.9%	327,4 k €	+1.2%	323,4 k €	+12.7%	286,9 k €	-21.7%	366,6 k €	+102%	181,2 k €	-0.0%	181,2 k €	-20.7%	228,4 k €	+14.4%	199,7 k €	-4.7%	209,5 k €	-25.6%	281,5 k €	+24.8%	225,6 k €	+567%	33,8 k €	-81.3%	180,6 k €	+7.3%	168,3 k €	+419%	-52,8 k €
Operating result	64,6 k €	+211%	-58,3 k €	-146%	126,5 k €	-55.3%	282,9 k €	+3.0%	274,7 k €	+5.9%	259,3 k €	+4.5%	248,2 k €	-6.0%	264 k €	-20.1%	330,3 k €	+93.2%	171 k €	+3.0%	165,9 k €	-22.0%	212,8 k €	+26.6%	168,1 k €	-3.7%	174,6 k €	+57.0%	111,2 k €	-25.9%	150,1 k €	+437%	-44,5 k €	-137%	120,1 k €	+10.4%	108,8 k €	+201%	-108 k €
Net result	44 k €	+1055%	3,8 k €	-95.9%	93,3 k €	-55.9%	211,5 k €	-1.5%	214,8 k €	+2.1%	210,4 k €	+27.0%	165,7 k €	-7.1%	178,4 k €	-16.3%	213,2 k €	+112%	100,8 k €	-0.1%	100,9 k €	-29.7%	143,4 k €	+45.6%	98,5 k €	+22.8%	80,2 k €	+88.3%	42,6 k €	-69.4%	139,2 k €	+357%	-54,2 k €	-157%	94,2 k €	+5.2%	89,5 k €	+171%	-126 k €
Balance sheet
Equity	2 M €	+2.3%	1,9 M €	+0.2%	1,9 M €	+5.1%	1,8 M €	+13.1%	1,6 M €	+15.3%	1,4 M €	+17.7%	1,2 M €	+16.2%	1 M €	+21.1%	846 k €	+33.7%	632,8 k €	+0.9%	627 k €	+19.2%	526,2 k €	+37.5%	382,7 k €	+34.7%	284,2 k €	+39.3%	204 k €	+26.4%	161,5 k €	+626%	22,3 k €	-70.9%	76,4 k €	+529%	-17,8 k €	+83.7%	-108,9 k €
Total assets	2,1 M €	+5.5%	2 M €	-0.3%	2 M €	+3.4%	2 M €	+14.3%	1,7 M €	+8.4%	1,6 M €	+9.9%	1,4 M €	-0.2%	1,4 M €	+27.8%	1,1 M €	+36.6%	827,1 k €	+5.9%	781 k €	-3.2%	806,9 k €	-7.3%	870,7 k €	+3.3%	843,1 k €	+14.0%	739,8 k €	-9.5%	817,8 k €	+14.7%	712,6 k €	-17.4%	862,9 k €	+10.5%	780,6 k €	-0.3%	783 k €
Cash	224,3 k €	+20.6%	186,1 k €	+36.3%	136,5 k €	-84.7%	893,1 k €	+8.0%	827,1 k €	-5.1%	871,5 k €	+6.3%	819,7 k €	-27.0%	1,1 M €	+75.7%	639,2 k €	+121%	289,2 k €	+44.1%	200,7 k €	+25.5%	159,9 k €	-30.0%	228,5 k €	-6.3%	243,8 k €	+573%	36,2 k €	+477%	6,3 k €	-86.4%	46 k €	-51.0%	93,9 k €	+61.0%	58,3 k €	-14.3%	68 k €
Debts	167,9 k €	+67.6%	100,2 k €	-9.0%	110,1 k €	-19.9%	137,4 k €	+32.8%	103,4 k €	-44.1%	184,9 k €	-26.6%	252 k €	-40.0%	420,3 k €	+47.9%	284,1 k €	+46.2%	194,4 k €	+26.3%	153,9 k €	-45.2%	280,8 k €	-42.2%	485,5 k €	-12.4%	553,9 k €	+13.8%	486,9 k €	-25.8%	656,3 k €	-3.9%	682,9 k €	-13.2%	786,5 k €	-1.5%	798,4 k €	-10.5%	891,9 k €
Other
Workforce	5,0 ETP	-10.7%	5,6 ETP	-12.5%	6,4 ETP	-7.2%	6,9 ETP	0.0%	6,9 ETP	-17.9%	8,4 ETP	+12.0%	7,5 ETP	-1.3%	7,6 ETP	+38.2%	5,5 ETP	-26.7%	7,5 ETP	+8.7%	6,9 ETP	+7.8%	6,4 ETP	+8.5%	5,9 ETP	-6.3%	6,3 ETP	0.0%	6,3 ETP	+6.8%	5,9 ETP	+18.0%	5,0 ETP	+13.6%	4,4 ETP	+25.7%	3,5 ETP	+12.9%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

MEULDERS PIERRE MANAGEMENT

Administrateur · 0478.078.653

Represented by Pierre MEULDERS

Active

Ended mandates

MEULDERS PIERRE MANAGEMENT SRL

Administrateur · since 01 mars 2005

Represented by Pierre MEULDERS

Ended

MEULDERS PIERRE MANAGEMENT

Director · 0478.078.653

Represented by Pierre MEULDERS

Ended

MEULDERS PIERRE MANAGEMENT

Manager · 0478.078.653

Represented by Pierre MEULDERS

Ended

At this address

Other companies at this address

Company	CBE no.
BUQUET MANAGEMENT● Bankrupt	0898.594.142
SIMSA● Active	0437.052.108

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	29/06/2026	27/08/2025	29/06/2024	15/06/2023	08/06/2022	24/06/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	03/06/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	04/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	05/06/2024	29/06/2024	French	PDF
Abridged model	31/12/2022	07/06/2023	15/06/2023	French	PDF
Abridged model	31/12/2021	01/06/2022	08/06/2022	French	PDF
Abridged model	31/12/2020	02/06/2021	24/06/2021	French	PDF
Abridged model	31/12/2019	03/06/2020	07/10/2020	French	PDF
Abridged model	31/12/2018	05/06/2019	28/09/2019	French	PDF
Abridged model	31/12/2017	06/06/2018	24/09/2018	French	PDF
Abridged model	31/12/2016	07/06/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	03/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	04/06/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	05/06/2013	09/07/2013	French	PDF
Abridged model	31/12/2011	06/06/2012	20/07/2012	French	PDF
Abridged model	31/12/2010	01/06/2011	18/07/2011	French	PDF
Abridged model	31/12/2009	02/06/2010	12/07/2010	French	PDF
Abridged model	31/12/2008	03/06/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	04/06/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	06/06/2007	27/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

MEULDERS PIERRE MANAGEMENT

Administrateur · 0478.078.653

Represented by Pierre MEULDERS

Active

Ended mandates

MEULDERS PIERRE MANAGEMENT SRL

Administrateur · since 01 mars 2005

Represented by Pierre MEULDERS

Ended

MEULDERS PIERRE MANAGEMENT

Director · 0478.078.653

Represented by Pierre MEULDERS

Ended

MEULDERS PIERRE MANAGEMENT

Manager · 0478.078.653

Represented by Pierre MEULDERS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/06/2016
KAPITAAL - AANDELEN
PDF
Capital / shares24/05/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares26/09/2005
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/06/2005
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other17/05/2004
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 202544 k €↑
2024
Annual accounts 20243,8 k €↓
2023
Annual accounts 202393,3 k €↓
2022
Annual accounts 2022211,5 k €↓
2021
Annual accounts 2021214,8 k €↑
2020
Annual accounts 2020210,4 k €↑
2019
Annual accounts 2019165,7 k €↓
2018
Annual accounts 2018178,4 k €↓
2017
Annual accounts 2017213,2 k €↑
2016
Annual accounts 2016100,8 k €↓
2015
Annual accounts 2015100,9 k €↓
2014
Annual accounts 2014143,4 k €↑
2013
Annual accounts 201398,5 k €↑
2012
Annual accounts 201280,2 k €↑
2011
Annual accounts 201142,6 k €↓
2010
Annual accounts 2010139,2 k €↑
2009
Annual accounts 2009-54,2 k €↓
2008
Annual accounts 200894,2 k €↑
2007
Annual accounts 200789,5 k €↑
2006
Annual accounts 2006-126 k €
05/05/2004
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

FLEMA

Overview

What does FLEMA do?

Trend over 20 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