Friendship E
0881.202.933 · rovalta.com · 23/09/2026
ACTIVE
Friendship E
Financial year 2025 · closed on 31/12/2025
Net result
106,4 k €
+106.7% YoY
Gross margin
14 k €
+152.3% YoY
Equity
-6,4 M €
+1.6% YoY
Overview
What does Friendship E do?
Friendship E is a Public limited company incorporated in 2006. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0881.202.933
Incorporation
09/05/2006
Legal form
Public limited company
Registered office
Mechelsesteenweg 176
2018 Antwerpen · FlandreSee on map
2018 Antwerpen · FlandreSee on map
Contributed capital
311 500,00 €
Latest accounts
31/12/2025
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 14 k € | +152% | -26,7 k € | +83.7% | -163,8 k € | -504% | 40,5 k € | -93.8% | 654,1 k € | -41.2% | 1,1 M € | -7.2% | 1,2 M € | -2.6% | 1,2 M € | – | – | – | – | – | – | – | – | 1,9 M € | +94.8% | 995,2 k € | |||||||||
| EBITDA | 12,1 k € | +112% | -104,7 k € | +50.3% | -210,4 k € | +42.4% | -365,6 k € | -242% | 256,8 k € | -65.1% | 735,3 k € | -13.2% | 847,3 k € | -1.3% | 858,7 k € | -52.2% | 1,8 M € | -0.4% | 1,8 M € | +5.9% | 1,7 M € | -4.3% | 1,8 M € | +5.7% | 1,7 M € | +12.0% | 1,5 M € | -16.4% | 1,8 M € | +12.3% | 1,6 M € | +14.7% | 1,4 M € | +138% | 584,6 k € |
| Operating result | 13 k € | +102% | -721,3 k € | +10.6% | -807,2 k € | +21.8% | -1 M € | -155% | -404,4 k € | -872% | 52,4 k € | -59.9% | 130,5 k € | +44.4% | 90,4 k € | -91.0% | 1 M € | -5.0% | 1,1 M € | +8.9% | 967,7 k € | -4.6% | 1 M € | +8.7% | 933,7 k € | +17.9% | 791,8 k € | -29.7% | 1,1 M € | +18.2% | 952,2 k € | +14.3% | 833,1 k € | +399% | 166,9 k € |
| Net result | 106,4 k € | +107% | -1,6 M € | -2.1% | -1,5 M € | -15.4% | -1,3 M € | -106% | -650,5 k € | -151% | -259,2 k € | -36.1% | -190,5 k € | -46.2% | -130,3 k € | -120% | 649,7 k € | -1.3% | 658,3 k € | +23.0% | 535 k € | +197% | 180 k € | +155% | -328,8 k € | +21.3% | -417,8 k € | -70.8% | -244,7 k € | -21.4% | -201,6 k € | +53.8% | -436,4 k € | +1.6% | -443,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | -6,4 M € | +1.6% | -6,5 M € | -32.2% | -4,9 M € | -46.1% | -3,4 M € | -66.5% | -2 M € | -533% | -318,3 k € | -438% | -59,1 k € | -145% | 131,3 k € | +1033% | 11,6 k € | +102% | -638,1 k € | +50.8% | -1,3 M € | +29.2% | -1,8 M € | +8.9% | -2 M € | -19.5% | -1,7 M € | -33.0% | -1,3 M € | -24.0% | -1 M € | -24.6% | -818,4 k € | -114% | -382 k € |
| Total assets | 13,6 M € | +28.9% | 10,6 M € | -5.1% | 11,2 M € | -14.2% | 13 M € | -14.8% | 15,3 M € | -15.7% | 18,1 M € | -9.0% | 19,9 M € | +4.4% | 19 M € | -0.7% | 19,2 M € | +3.9% | 18,5 M € | -1.8% | 18,8 M € | -3.0% | 19,4 M € | -2.5% | 19,9 M € | -2.1% | 20,3 M € | -4.2% | 21,2 M € | -0.8% | 21,4 M € | -2.5% | 21,9 M € | -1.2% | 22,2 M € |
| Cash | 59 k € | -13.1% | 68 k € | +314% | 16,4 k € | -95.9% | 402,8 k € | +140% | 167,8 k € | -87.1% | 1,3 M € | -45.8% | 2,4 M € | +468% | 420,4 k € | +284% | 109,5 k € | -21.5% | 139,5 k € | -64.7% | 395,6 k € | +4082% | 9,5 k € | -91.5% | 111,6 k € | +101% | 55,4 k € | -58.0% | 132 k € | +279% | 34,9 k € | -92.9% | 491,9 k € | -12.7% | 563,5 k € |
| Debts | 20 M € | +17.1% | 17,1 M € | +6.3% | 16,1 M € | -1.8% | 16,4 M € | -5.3% | 17,3 M € | -6.2% | 18,4 M € | -7.5% | 19,9 M € | +6.3% | 18,7 M € | -2.3% | 19,2 M € | +0.3% | 19,1 M € | -2.2% | 19,5 M € | -5.4% | 20,7 M € | -3.3% | 21,4 M € | +2.1% | 20,9 M € | -3.3% | 21,6 M € | -0.6% | 21,8 M € | -0.6% | 21,9 M € | +0.1% | 21,9 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | – | – | – | – | |||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 45 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Cadran Properties● Active | 0787.688.104 |
C-HIVE● Active | 0772.491.964 |
CORES DEVELOPMENT● Active | 0889.278.875 |
Cores Industries● Active | 0803.953.024 |
Cores Properties● Active | 0881.515.412 |
Cores Rental Service● Active | 0632.678.540 |
Friendship Development● Active | 0881.057.235 |
Friendship T● Active | 0881.203.329 |
KALVENNE● Active | 0676.542.138 |
Osteoworks● Active | 0779.318.982 |
Ter Veer● Active | 0875.582.574 |
The Quint● Active | 0714.965.620 |
Financials
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 | 15/06/2026 | 23/04/2025 | 29/04/2024 | 16/05/2023 | 16/05/2022 | 04/05/2021 |
| General meeting | 12/06/2026 | 15/04/2025 | 15/04/2024 | 17/04/2023 | 15/04/2022 | 15/04/2021 |
| 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 |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 12/06/2026 | 15/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 15/04/2025 | 23/04/2025 | Dutch | |
| Abridged model | 31/12/2023 | 15/04/2024 | 29/04/2024 | Dutch | |
| Abridged model | 31/12/2022 | 17/04/2023 | 16/05/2023 | Dutch | |
| Abridged model | 31/12/2021 | 15/04/2022 | 16/05/2022 | Dutch | |
| Abridged model | 31/12/2020 | 15/04/2021 | 04/05/2021 | Dutch | |
| Abridged model | 31/12/2019 | 15/04/2020 | 12/05/2020 | Dutch | |
| Abridged model | 31/12/2018 | 15/04/2019 | 15/05/2019 | Dutch | |
| Abridged model | 31/12/2017 | 16/04/2018 | 06/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 18/04/2017 | 30/05/2017 | Dutch | |
| Full model | 31/12/2015 | 27/06/2016 | 26/07/2016 | Dutch | |
| Full model | 31/12/2014 | 24/07/2015 | 28/09/2015 | Dutch | |
| Full model | 31/12/2013 | 13/10/2014 | 14/11/2014 | Dutch | |
| Full model | 31/12/2012 | 30/08/2013 | 27/09/2013 | Dutch | |
| Full model | 31/12/2011 | 16/04/2012 | 28/08/2012 | Dutch | |
| Full model | 31/12/2010 | 15/04/2011 | 09/09/2011 | Dutch | |
| Full model | 31/12/2009 | 15/04/2010 | 31/08/2010 | Dutch | |
| Full model | 31/12/2008 | 13/08/2009 | 31/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 27/06/2008 | 26/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 28/06/2007 | 19/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 45 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates12/02/2026STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
- Mandates27/08/2025ONTSLAGEN - BENOEMINGEN
- Other17/07/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ALGEMENE VERGADERING
- Other11/10/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Registered office06/12/2022MAATSCHAPPELIJKE ZETEL
- Mandates23/06/2022ONTSLAGEN - BENOEMINGEN
- Mandates04/01/2022ONTSLAGEN - BENOEMINGEN
- Mandates15/06/2021ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025106,4 k €↑
- 2025Name changeFriendship E
- 2024Annual accounts 2024-1,6 M €↓
- 2023Annual accounts 2023-1,5 M €↓
- 2022Annual accounts 2022-1,3 M €↓
- 2021Annual accounts 2021-650,5 k €↓
- 2018Annual accounts 2018-259,2 k €↓
- 2017Annual accounts 2017-190,5 k €↓
- 2016Annual accounts 2016-130,3 k €↓
- 2016Name changeMidcore Friendship
- 2015Annual accounts 2015649,7 k €↓
- 2014Annual accounts 2014658,3 k €↑
- 2013Annual accounts 2013535 k €↑
- 2012Annual accounts 2012180 k €↑
- 2011Annual accounts 2011-328,8 k €↑
- 2010Annual accounts 2010-417,8 k €↓
- 2009Annual accounts 2009-244,7 k €↓
- 2008Annual accounts 2008-201,6 k €↑
- 2007Annual accounts 2007-436,4 k €↑
- 2006Annual accounts 2006-443,5 k €
- 09/05/2006IncorporationPublic limited company
- 2006Name changeMARKLAND FRIENDSHIP