ACTIVE

FLEMA

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Financial year 2025 · Closed on 31/12/2025

Net result44 k €+1 055,2 %over 1 year

Gross margin429,1 k €+50,9 %over 1 year

Equity2 M €+2,3 %over 1 year

Workforce5,0 ETP-10,7 %over 1 year

Identity

Source · BCE/KBO

FLEMA is a Private limited company incorporated in 2004. Its main activity is: Manufacture of explosives. 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

Activities (NACE)

20510Manufacture of explosives· main 20590Manufacture of other chemical products n.e.c.22230Manufacture of builders’ ware of plastic 22230Manufacture of builders’ ware of plastic 24610Manufacture of basic metals 25230Manufacture of tanks, reservoirs and containers of metal+5

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	160,5 k €	+399%	32,1 k €	-87.8%	262,9 k €	-35.8%	409,7 k €	+3.5%	395,6 k €
Operating result	64,6 k €	+211%	-58,3 k €	-146%	126,5 k €	-55.3%	282,9 k €	+3.0%	274,7 k €
Net result	44 k €	+1055%	3,8 k €	-95.9%	93,3 k €	-55.9%	211,5 k €	-1.5%	214,8 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 €
Total assets	2,1 M €	+5.5%	2 M €	-0.3%	2 M €	+3.4%	2 M €	+14.3%	1,7 M €
Cash	224,3 k €	+20.6%	186,1 k €	+36.3%	136,5 k €	-84.7%	893,1 k €	+8.0%	827,1 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 €
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

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MEULDERS PIERRE MANAGEMENT0478.078.653Represented by Pierre MEULDERS	AdministrateurDirector2020 accountsendedManager2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MEULDERS PIERRE MANAGEMENT SRLRepresented by Pierre MEULDERS	Administrateur01/03/2005 → 2021 accounts

Other companies at this address

Rue Outre(A) 46 7910 Frasnes-lez-Anvaing

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MEULDERS PIERRE MANAGEMENT0478.078.653Represented by Pierre MEULDERS	AdministrateurDirector2020 accountsendedManager2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MEULDERS PIERRE MANAGEMENT SRLRepresented by Pierre MEULDERS	Administrateur01/03/2005 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/06/2016
SPRL: modification du capital
PDF
Other24/05/2006
Modification des statuts
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

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

MEULDERS PIERRE MANAGEMENT

MEULDERS PIERRE MANAGEMENT SRL

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

FLEMA

Rue Outre(A) 46, 7910 Anvaing

Administrateur

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Outre(A) 46, 7910 AnvaingCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00211137

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FLEMACurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00211137

Events

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

FLEMA

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events