ACTIVE

FRONTIÈRE

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Financial year 2025 · closed on 31/12/2025

Net result

426,6 €

-90.3% YoY

Gross margin

11,3 k €

-36.5% YoY

Equity

29,3 k €

+1.5% YoY

What does FRONTIÈRE do?

FRONTIÈRE is a Private limited company incorporated in 2008. Its main activity is: Agents involved in the sale of fuels, ores, metals and industrial chemicals. Its registered office is in Harelbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.342.626

Incorporation

16/07/2008

Legal form

Private limited company

Registered office

Stasegemsestraat 61
8530 Harelbeke · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

46120Agents involved in the sale of fuels, ores, metals and industrial chemicals· main 46120Agents involved in the sale of fuels, ores, metals and industrial chemicals 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating 47112Retail sale in non-specialised stores with food, beverages or tobacco predominating 47260Retail sale of tobacco products in specialised stores 47260Retail sale of tobacco products in specialised stores+6

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	11,3 k €	-36.5%	17,8 k €	+113%	8,4 k €	-47.5%	16 k €	+148%	6,4 k €	-85.3%	43,9 k €	+65.7%	26,5 k €	+58.1%	16,8 k €	+67.6%	10 k €	-55.1%	22,3 k €	+136%	9,4 k €	-23.4%	12,3 k €	+517%	2 k €	-90.0%	19,9 k €	-49.1%	39,1 k €	-42.6%	68,1 k €
EBITDA	10 k €	-33.9%	15,1 k €	+1535%	-1,1 k €	-110%	10,7 k €	+92.1%	5,6 k €	-86.3%	40,5 k €	+122%	18,2 k €	+50.6%	12,1 k €	+34.0%	9 k €	-58.2%	21,6 k €	+156%	8,4 k €	-25.4%	11,3 k €	+930%	1,1 k €	+114%	-7,9 k €	-168%	11,6 k €	-70.5%	39,3 k €
Operating result	1,1 k €	-81.5%	6,2 k €	+153%	-11,6 k €	-1267%	-850,3 €	+85.5%	-5,9 k €	-123%	25,4 k €	+536%	4 k €	+24.2%	3,2 k €	+47.7%	2,2 k €	-86.2%	15,8 k €	+302%	3,9 k €	-48.2%	7,6 k €	+248%	-5,1 k €	+63.2%	-14 k €	-365%	5,3 k €	-82.8%	30,7 k €
Net result	426,6 €	-90.3%	4,4 k €	+136%	-12,3 k €	-575%	-1,8 k €	-727%	291,2 €	-98.4%	18 k €	+1266%	1,3 k €	-27.9%	1,8 k €	+81.5%	1 k €	-90.2%	10,2 k €	+64.1%	6,2 k €	-14.6%	7,3 k €	+223%	-6 k €	+66.0%	-17,5 k €	-1609%	1,2 k €	-94.9%	22,7 k €
Balance sheet
Equity	29,3 k €	+1.5%	28,9 k €	+17.9%	24,5 k €	-33.5%	36,8 k €	-4.7%	38,7 k €	-6.7%	41,4 k €	+76.7%	23,4 k €	+5.9%	22,1 k €	+9.0%	20,3 k €	+5.2%	19,3 k €	-3.8%	20,1 k €	+45.1%	13,8 k €	+112%	6,5 k €	-47.7%	12,5 k €	-58.4%	30 k €	+4.0%	28,9 k €
Total assets	54,1 k €	+20.5%	44,9 k €	+3.3%	43,5 k €	-30.1%	62,2 k €	+17.5%	52,9 k €	-24.9%	70,5 k €	+2.7%	68,6 k €	+21.8%	56,3 k €	-26.3%	76,4 k €	+19.0%	64,3 k €	+15.4%	55,7 k €	+35.9%	41 k €	+8.2%	37,9 k €	+43.5%	26,4 k €	-51.7%	54,7 k €	-1.3%	55,4 k €
Cash	4,3 k €	-19.9%	5,4 k €		0 €	-100%	2,9 k €	+253%	833,3 €	-53.1%	1,8 k €	-14.0%	2,1 k €	-70.4%	7 k €	-71.5%	24,5 k €	+75.6%	14 k €	+19.6%	11,7 k €	+58.0%	7,4 k €	-25.4%	9,9 k €	+391%	2 k €	-88.4%	17,4 k €	+54.3%	11,3 k €
Debts	24,3 k €	+53.2%	15,8 k €	-16.5%	19 k €	-25.2%	25,4 k €	+77.9%	14,3 k €	-50.9%	29,1 k €	-35.7%	45,2 k €	+32.1%	34,2 k €	-39.1%	56,1 k €	+24.9%	45 k €	+26.2%	35,6 k €	+31.7%	27 k €	-13.1%	31,1 k €	+124%	13,9 k €	-43.5%	24,6 k €	-6.1%	26,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Erwin Merlier

Director

Active

Ended mandates

Erwin Merlier

Manager

Ended

Heidi Vereecke

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/08/2026	29/08/2025	30/09/2024	31/08/2023	19/09/2022	30/09/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	19/06/2023	20/06/2022	21/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/06/2026	29/08/2026	Dutch	PDF
Micro model	31/12/2024	16/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	17/06/2024	30/09/2024	Dutch	PDF
Micro model	31/12/2022	19/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	20/06/2022	19/09/2022	Dutch	PDF
Micro model	31/12/2020	21/06/2021	30/09/2021	Dutch	PDF
Micro model	31/12/2019	15/06/2020	29/10/2020	Dutch	PDF
Micro model	31/12/2018	17/06/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	18/06/2018	04/07/2018	Dutch	PDF
Micro model	31/12/2016	19/06/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	05/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	25/06/2010	Dutch	PDF

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.

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 · 2 ended

Active mandates

Erwin Merlier

Director

Active

Ended mandates

Erwin Merlier

Manager

Ended

Heidi Vereecke

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025426,6 €↓
2024
Annual accounts 20244,4 k €↑
2023
Annual accounts 2023-12,3 k €↓
2022
Annual accounts 2022-1,8 k €↓
2021
Annual accounts 2021291,2 €↓
2019
Annual accounts 201918 k €↑
2018
Annual accounts 20181,3 k €↓
2017
Annual accounts 20171,8 k €↑
2016
Annual accounts 20161 k €↓
2015
Annual accounts 201510,2 k €↑
2014
Annual accounts 20146,2 k €↓
2013
Annual accounts 20137,3 k €↑
2012
Annual accounts 2012-6 k €↑
2011
Annual accounts 2011-17,5 k €↓
2010
Annual accounts 20101,2 k €↓
2009
Annual accounts 200922,7 k €
16/07/2008
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

FRONTIÈRE

Overview

What does FRONTIÈRE do?

Trend over 16 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline