NORMAL SITUATION

FRE-KAR

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Financial year 2025 · closed on 24/09/2025

Net result

5,1 k €

-94.9% YoY

Gross margin

-10 k €

+72.5% YoY

Equity

665,5 k €

+0.8% YoY

Company — Normal situation.

What does FRE-KAR do?

FRE-KAR is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.058.216

Legal form

Private company with limited liability

Contributed capital

750 000,00 €

Latest accounts

24/09/2025

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

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	-10 k €	+72.5%	-36,4 k €	-3639%	-972,7 €	+90.8%	-10,6 k €	+57.2%	-24,7 k €	+66.6%	-74 k €		–		–		–		–		–		–		–		–		–		1,3 M €	+52.5%	848,6 k €	+10.5%	767,6 k €	-24.3%	1 M €
EBITDA	-10,3 k €	+82.9%	-60,1 k €	-2277%	-2,5 k €	+78.7%	-11,9 k €	+79.7%	-58,6 k €	+79.5%	-285,7 k €	-322%	128,7 k €	-4.8%	135,2 k €	-46.6%	253,2 k €	-52.2%	529,4 k €	+24.8%	424,4 k €	+189%	146,6 k €	-59.6%	362,6 k €	-2.6%	372,4 k €	-15.4%	440 k €	-39.4%	726,2 k €	+195%	245,9 k €	+55.7%	158 k €	-40.1%	263,7 k €
Operating result	-10,3 k €	-112%	88,2 k €	+3592%	-2,5 k €	+78.7%	-11,9 k €	-30.0%	-9,1 k €	+96.5%	-262,8 k €	-76295%	344,9 €	-98.8%	28,1 k €	-68.7%	89,7 k €	-73.6%	339,9 k €	+37.2%	247,8 k €	+503%	-61,5 k €	-134%	180,5 k €	-10.5%	201,6 k €	+43.6%	140,4 k €	-65.5%	407,2 k €	+1095%	-40,9 k €	+48.2%	-79 k €	-730%	-9,5 k €
Net result	5,1 k €	-94.9%	100 k €	+453%	18,1 k €	+11.8%	16,2 k €	+147%	6,5 k €	+102%	-267,6 k €	-504%	-44,3 k €	+26.0%	-59,9 k €	-264%	-16,5 k €	-112%	139,3 k €	+14.7%	121,4 k €	+160%	-200,8 k €	-407%	65,3 k €	+182%	23,2 k €	-78.4%	107,4 k €	-60.8%	273,9 k €	+252%	-180,7 k €	+2.1%	-184,5 k €	-2718%	-6,5 k €
Balance sheet
Equity	665,5 k €	+0.8%	660,4 k €	+17.8%	560,4 k €	+3.3%	542,4 k €	+3.1%	526,2 k €	+1.3%	519,7 k €	-34.0%	787,3 k €	-16.0%	937 k €	-7.4%	1 M €	-3.0%	1 M €	+13.6%	918,3 k €	+13.2%	811,5 k €	-21.0%	1 M €	+5.2%	976,5 k €	+0.9%	968,1 k €	+1.7%	952,1 k €	+1117%	78,2 k €	-50.8%	158,9 k €	+266%	43,5 k €
Total assets	665,5 k €	-0.7%	669,9 k €	-8.4%	731,7 k €	+2.5%	714,1 k €	-1.8%	727,2 k €	-29.8%	1 M €	-53.6%	2,2 M €	-47.0%	4,2 M €	-24.0%	5,5 M €	-3.6%	5,8 M €	+8.8%	5,3 M €	+1.2%	5,2 M €	-4.7%	5,5 M €	+0.1%	5,5 M €	-5.1%	5,8 M €	+15.5%	5 M €	+8.6%	4,6 M €	-29.3%	6,5 M €	+193%	2,2 M €
Cash	175,5 k €	-4.9%	184,6 k €	+1.7%	181,5 k €	-6.3%	193,7 k €	-24.3%	255,8 k €	-36.9%	405,5 k €	-14.3%	473,1 k €	+224%	145,9 k €	-61.7%	380,4 k €	-23.3%	496,2 k €	+380%	103,4 k €	-44.4%	185,8 k €	+17.3%	158,4 k €	+830%	17 k €	-94.8%	329,7 k €	+109%	157,9 k €	-32.7%	234,7 k €	+446%	43 k €	-74.7%	169,8 k €
Debts	–		9,5 k €	-79.0%	45,3 k €	-1.0%	45,8 k €	-39.0%	75 k €	-80.0%	374,3 k €	-64.3%	1 M €	-68.0%	3,3 M €	-27.7%	4,5 M €	-3.8%	4,7 M €	+7.8%	4,4 M €	-0.1%	4,4 M €	-0.4%	4,4 M €	+2.9%	4,3 M €	-10.1%	4,7 M €	+21.3%	3,9 M €	-12.6%	4,5 M €	-28.7%	6,3 M €	+198%	2,1 M €
Other
Workforce	–		–		–		–		–		3,1 ETP	-73.9%	11,9 ETP	-21.7%	15,2 ETP	-1.3%	15,4 ETP	-6.7%	16,5 ETP	0.0%	16,5 ETP	+1.2%	16,3 ETP	-0.6%	16,4 ETP	-3.0%	16,9 ETP	+24.3%	13,6 ETP	+7.9%	12,6 ETP	-6.7%	13,5 ETP	-0.7%	13,6 ETP	+16.2%	11,7 ETP

Governance

Board of directors

Seen on filing of 24/09/2025 · 2 active · 2 ended

Active mandates

Frederik Phlips

Director

Active

Karl PHLIPS

Director

Active

Ended mandates

Frederik PHLIPS

Manager

Ended

Karl PHLIPS

Manager

Ended

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	24/09/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	9 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/09/2025	17/07/2025	07/03/2024	24/07/2023	30/09/2022	30/09/2021
General meeting	24/09/2025	21/06/2025	20/02/2024	30/06/2023	30/09/2022	24/09/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	24/09/2025	24/09/2025	25/09/2025	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/02/2024	07/03/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/09/2022	30/09/2022	Dutch	PDF
Abridged model	31/12/2020	24/09/2021	30/09/2021	Dutch	PDF
Full model	31/12/2019	07/09/2020	12/10/2020	Dutch	PDF
Full model	31/12/2018	29/06/2019	25/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	30/07/2018	Dutch	PDF
Full model	31/12/2016	25/05/2017	23/06/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	22/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	27/09/2013	30/09/2013	Dutch	PDF
Full model	31/12/2011	29/08/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/08/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	13/08/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	09/07/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	29/08/2008	Dutch	PDF

Estimate

Indicative valuation

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 24/09/2025 · 2 active · 2 ended

Active mandates

Frederik Phlips

Director

Active

Karl PHLIPS

Director

Active

Ended mandates

Frederik PHLIPS

Manager

Ended

Karl PHLIPS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution24/10/2025
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, 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 20255,1 k €↓
2024
Annual accounts 2024100 k €↑
2023
Annual accounts 202318,1 k €↑
2022
Annual accounts 202216,2 k €↑
2021
Annual accounts 20216,5 k €↑
2020
Annual accounts 2020-267,6 k €↓
2019
Annual accounts 2019-44,3 k €↑
2018
Annual accounts 2018-59,9 k €↓
2017
Annual accounts 2017-16,5 k €↓
2016
Annual accounts 2016139,3 k €↑
2015
Annual accounts 2015121,4 k €↑
2014
Annual accounts 2014-200,8 k €↓
2013
Annual accounts 201365,3 k €↑
2012
Annual accounts 201223,2 k €↓
2011
Annual accounts 2011107,4 k €↓
2010
Annual accounts 2010273,9 k €↑
2009
Annual accounts 2009-180,7 k €↑
2008
Annual accounts 2008-184,5 k €↓
2007
Annual accounts 2007-6,5 k €

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

FRE-KAR

Overview

What does FRE-KAR do?

Trend over 19 financial years

Board of directors

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