ACTIVE

FRAMAX

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Financial year 2025 · closed on 30/06/2025

Net result

595,8 k €

-10.5% YoY

Gross margin

2,6 M €

-2.6% YoY

Equity

3,1 M €

+23.9% YoY

Workforce

3,8 ETP

+2.7% YoY

What does FRAMAX do?

FRAMAX is a Private limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Estinnes. It employs on average 3,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.725.966

Incorporation

30/05/2007

Legal form

Private limited company

Registered office

Rue de Bienne(VBR) 9
7120 Estinnes · WallonieSee on map

Contributed capital

2 170 000,00 €

Latest accounts

30/06/2025

Average workforce

3,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate+6

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,6 M €	-2.6%	2,7 M €	+26.6%	2,1 M €	+6.3%	2 M €	+106%	970,9 k €	+19.5%	812,6 k €	-6.4%	868,1 k €	+55.2%	559,2 k €	+50.1%	372,5 k €	+6.1%	351 k €	-20.8%	443,1 k €	+48.1%	299,2 k €	+172%	110 k €	-65.2%	316,3 k €	+466%	55,8 k €
EBITDA	2,3 M €	+10.0%	2,1 M €	+34.3%	1,5 M €	+21.5%	1,3 M €	+60.3%	787,4 k €	+21.0%	650,7 k €	-4.8%	683,6 k €	+59.7%	428 k €	+56.4%	273,7 k €	-16.9%	329,4 k €	-20.5%	414,3 k €	+44.4%	287 k €	+182%	101,9 k €	-67.6%	314,2 k €	+492%	53,1 k €
Operating result	1,4 M €	+19.0%	1,2 M €	+53.0%	760,9 k €	+34.3%	566,8 k €	+541%	88,4 k €	+45.4%	60,8 k €	-79.3%	294 k €	+108%	141,1 k €	+130%	61,3 k €	-64.5%	172,7 k €	-15.3%	204 k €	+40.6%	145,1 k €	+375%	-52,8 k €	-137%	140,8 k €	+3055%	4,5 k €
Net result	595,8 k €	-10.5%	665,4 k €	+117%	306,3 k €	+53.8%	199,1 k €	+1289%	-16,7 k €	-170%	-6,2 k €	-124%	25,8 k €	-86.4%	189,6 k €	+33035%	572,3 €	-98.6%	40,6 k €	-30.1%	58 k €	-31.3%	84,5 k €	+180%	-105,1 k €	-983%	11,9 k €	+265%	-7,2 k €
Balance sheet
Equity	3,1 M €	+23.9%	2,5 M €	+36.4%	1,8 M €	+20.1%	1,5 M €	-37.7%	2,4 M €	-0.7%	2,5 M €	+43.3%	1,7 M €	+1.5%	1,7 M €	+12.6%	1,5 M €	+20.0%	1,3 M €	+30.2%	962,1 k €	+6.4%	904,1 k €	+10.3%	819,6 k €	+37.2%	597,2 k €	+2.0%	585,3 k €
Total assets	21,5 M €	+5.8%	20,3 M €	-2.2%	20,8 M €	+14.5%	18,1 M €	+129%	7,9 M €	+7.0%	7,4 M €	+46.6%	5 M €	+14.2%	4,4 M €	+14.4%	3,9 M €	+18.3%	3,3 M €	+7.0%	3 M €	+29.1%	2,4 M €	+9.4%	2,2 M €	+22.3%	1,8 M €	+97.4%	892,3 k €
Cash	191,7 k €	-84.7%	1,2 M €	+8.3%	1,2 M €	+50.9%	764,8 k €	+37.9%	554,7 k €	-26.2%	751,3 k €	+61.7%	464,6 k €	+208%	150,8 k €	-0.9%	152,2 k €	+565%	22,9 k €	+527%	3,6 k €	+44.0%	2,5 k €	-89.2%	23,4 k €	-90.2%	239,4 k €	+16777%	1,4 k €
Debts	13,9 M €	+3.5%	13,4 M €	-7.9%	14,6 M €	+17.8%	12,4 M €	+132%	5,3 M €	+9.4%	4,9 M €	+49.4%	3,3 M €	+22.2%	2,7 M €	+16.1%	2,3 M €	+18.8%	1,9 M €	-4.5%	2 M €	+42.8%	1,4 M €	+8.5%	1,3 M €	+15.2%	1,1 M €	+280%	299,2 k €
Other
Workforce	3,8 ETP	+2.7%	3,7 ETP	+2.8%	3,6 ETP	-2.7%	3,7 ETP	+85.0%	2,0 ETP	+11.1%	1,8 ETP	-30.8%	2,6 ETP	+30.0%	2,0 ETP	+42.9%	1,4 ETP	+40.0%	1,0 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 9 ended

Active mandates

François Vandenhende

Director

Active

Jean-Marc Vandenhende

Director

Active

Maxime Vandenhende

Director

Active

Ended mandates

Maxime Vandenhende

Director · since 01 juillet 2018

Ended

Maxime Vandenhende

Manager · since 01 juillet 2018

Ended

François Vandenhende

Director · since 01 juillet 2017

Ended

François Vandenhende

Manager · since 01 juillet 2017

Ended

At this address

Other companies at this address

Company	CBE no.
COASSIN EVELYNE● Active	0476.454.991
FM HOTEL● Active	0839.438.196
Framax 2.0● Active	0715.716.478
STOKI● Active	0786.765.812
STOKI ANDERLUES● Active	0500.607.793

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/01/2026	16/12/2024	31/01/2024	30/01/2023	13/01/2022	29/01/2021
General meeting	09/12/2025	10/12/2024	30/12/2023	30/12/2022	14/12/2021	29/12/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	09/12/2025	07/01/2026	French	PDF
Abridged model	30/06/2024	10/12/2024	16/12/2024	French	PDF
Abridged model	30/06/2023	30/12/2023	31/01/2024	French	PDF
Abridged model	30/06/2022	30/12/2022	30/01/2023	French	PDF
Abridged model	30/06/2021	14/12/2021	13/01/2022	French	PDF
Abridged model	30/06/2020	29/12/2020	29/01/2021	French	PDF
Abridged model	30/06/2019	10/12/2019	17/12/2019	French	PDF
Abridged model	30/06/2018	11/12/2018	10/01/2019	French	PDF
Abridged model	30/06/2017	12/12/2017	14/12/2017	French	PDF
Abridged model	30/06/2016	13/12/2016	19/12/2016	French	PDF
Abridged model	30/06/2015	08/12/2015	23/12/2015	French	PDF
Abridged model	30/06/2014	09/12/2014	18/12/2014	French	PDF
Abridged model	30/06/2013	10/12/2013	06/02/2014	French	PDF
Abridged model	30/06/2012	11/12/2012	14/12/2012	French	PDF
Abridged model	30/06/2011	13/12/2011	06/01/2012	French	PDF
Abridged model	30/06/2010	14/12/2010	04/02/2011	French	PDF
Abridged model	30/06/2009	08/12/2009	10/02/2010	French	PDF
Abridged model	30/06/2008	09/12/2008	09/01/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

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 30/06/2025 · 3 active · 9 ended

Active mandates

François Vandenhende

Director

Active

Jean-Marc Vandenhende

Director

Active

Maxime Vandenhende

Director

Active

Ended mandates

Maxime Vandenhende

Director · since 01 juillet 2018

Ended

Maxime Vandenhende

Manager · since 01 juillet 2018

Ended

François Vandenhende

Director · since 01 juillet 2017

Ended

François Vandenhende

Manager · since 01 juillet 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/09/2016
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares27/03/2014
CAPITAL, ACTIONS
PDF
Capital / shares08/10/2012
OBJET - CAPITAL, ACTIONS
PDF
Capital / shares14/07/2010
CAPITAL, ACTIONS
PDF
Capital / shares01/07/2008
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025595,8 k €↓
2024
Annual accounts 2024665,4 k €↑
2023
Annual accounts 2023306,3 k €↑
2022
Annual accounts 2022199,1 k €↑
2018
Annual accounts 2018-16,7 k €↓
2017
Annual accounts 2017-6,2 k €↓
2016
Annual accounts 201625,8 k €↓
2015
Annual accounts 2015189,6 k €↑
2014
Annual accounts 2014572,3 €↓
2013
Annual accounts 201340,6 k €↓
2012
Annual accounts 201258 k €↓
2011
Annual accounts 201184,5 k €↑
2010
Annual accounts 2010-105,1 k €↓
2009
Annual accounts 200911,9 k €↑
2008
Annual accounts 2008-7,2 k €
30/05/2007
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

FRAMAX

Overview

What does FRAMAX do?

Trend over 15 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