Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2026; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 43.1 to 37.9.
Financials
Financial year 2026
FRIANDA from Herstal, company number BE0430590621, closed financial year 2026 with a result of € 921,195 after tax. For that financial year FRIANDA recorded revenue of € 13.1 million and equity of € 2.1 million. Compared with financial year 2025, the result moved from € 778,990 to € 921,195. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 2.1 million
▲ 4% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 921,195
▲ 18% vs 2025
Profit after tax over the fiscal year.
€ 10,023
▼ 98% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 800,000 paid out
87 % of the profit went to the shareholders, mostly to Gourmandise Holding SA (100 % of the shares). That is where the money ends up.
People and assets in 2026
37.9
▼ 4.9 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▼ 5% vs 2025
€ 58,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.6 million
▼ 9% vs 2025
Of which on lease € 1.6 million.
Debts at end 2026
€ 5.3 million
▼ 14% vs 2025
€ 759,914 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 937,070
▲ 36% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 389,479
▲ 3% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 14,171,797 | € 13,648,307 | € 12,126,926 | € 13,072,471 | ▲ 8% |
| Profit after taxes | € 962,120 | € 1,280,455 | € 778,990 | € 921,195 | ▲ 18% |
| Equity | € 1,584,607 | € 1,619,663 | € 2,048,568 | € 2,133,585 | ▲ 4% |
| Total debts | € 5,670,382 | € 5,582,752 | € 7,512,791 | € 7,470,132 | ▼ 1% |
| Cash | € 402,470 | € 1,230,192 | € 447,785 | € 10,023 | ▼ 98% |
| Land & buildings | € 2,385,243 | € 2,063,628 | € 4,302,869 | € 3,947,478 | ▼ 8% |
| Retained profit | € 1,213,647 | € 1,294,102 | € 1,823,093 | € 1,944,288 | ▲ 7% |
| Dividend | € 950,000 | € 1,200,000 | € 250,000 | € 800,000 | ▲ 220% |
| Bank debt | € 3,376,746 | € 3,038,995 | € 6,198,068 | € 5,333,785 | ▼ 14% |
| Balance sheet total | € 7,254,989 | € 7,202,415 | € 9,561,359 | € 9,603,717 | |
| Employees (FTE) | 44.3 | 43.1 | 42.8 | 37.9 | ▼ 4.9 |
Key figures of FRIANDA, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to FRIANDA?
What happened at FRIANDA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PRISM MANAGEMENT SPRL stepped down as director. NBB
- Nathalie GONZALEZ VICH stepped down as director. NBB
- Luc OLIVIER stepped down as director. NBB
- MAXMA S.A. stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 921,195 (▲ 18% vs 2025). Source: NBB ↗
- PRISM MANAGEMENT SPRL became a director. NBB
- Nathalie GONZALEZ VICH became a director. NBB
- Luc OLIVIER became a director. NBB
In short
From € 962,120 profit in 2023 to € 921,195 profit in 2026.
Paid € 1.3 million in corporate taxes since 2023.
Best year ever: 2024, with € 1.3 million profit.
Paid out € 3.2 million in dividends to the owners in total.
Management
The shares are held by Gourmandise Holding SA (100%).
Directors
According to the 2026 annual accounts
Managing director · represented by Bruno VERHOFSTEDE
Also active at: GOURMANDISE HOLDING, GRIKACO, HOLIROOTS
since 2024 · until 2030
Nathalie GONZALEZ VICH
Director
Also active at: FOODIFAM, ALGI, PRISM MANAGEMENT, GOURMANDISE HOLDING, Mister Cook
since 2024 · until 2030
since 2024 · until 2030
Director · represented by Jean-Marie MARGREVE
Also active at: STRATEGIE, E-STRATEGIE, AAZIO, GOURMANDISE HOLDING, LISTEN, Listen Real Estate
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Parc Ind. des Hauts Sarts, 2e av 2B
4040 Herstal
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.590.621
- VAT number
- BE 0430.590.621
- Registered office
- Parc Ind. des Hauts Sarts, 2e av 2B, 4040 Herstal
- Names & denominations
- FRIANDA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1987
- Peppol
- Active · Active since 24 Jul 2025
- Activities · NACE
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Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Vervaardiging van bereide maaltijden en schotels
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