Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
INGENIEURSBUREAU FRAEYE & PARTNERS from Gent, company number BE0434198922, closed financial year 2025 with a result of € -65,750 after tax. For that financial year INGENIEURSBUREAU FRAEYE & PARTNERS recorded revenue of € 1.5 million and equity of € 132,429. Compared with financial year 2024, the result moved from € -177,334 to € -65,750. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 132,429
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,750
▲ 63 % less loss than in 2024
Profit after tax over the fiscal year.
€ 54,457
▲ € 45,331 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -289,571.
People and assets in 2025
9.5
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 722,819
▼ 2% vs 2024
€ 76,100 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.
€ 22,632
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 812,090
▲ 67% vs 2024
€ 23,597 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 61,294
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 123,874
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 809,215 | € 1,524,473 | ▲ 88% |
| Gross margin | € 785,237 | € 880,305 | - | - | |
| Profit after taxes | € 1,119 | € 2,083 | € -177,334 | € -65,750 | ▲ € 111,584 |
| Equity | € 373,430 | € 375,513 | € 198,179 | € 132,429 | ▼ 33% |
| Total debts | € 923,242 | € 855,328 | € 1,128,131 | € 999,435 | ▼ 11% |
| Cash | € 64,183 | € 96,086 | € 9,126 | € 54,457 | ▲ € 45,331 |
| Retained profit | € -48,570 | € -46,487 | € -223,821 | € -289,571 | ▼ € 65,750 |
| Bank debt | € 400,611 | € 528,356 | € 486,276 | € 812,090 | ▲ 67% |
| Balance sheet total | € 1,296,672 | € 1,230,841 | € 1,326,310 | € 1,131,864 | ▼ 15% |
| Employees (FTE) | 10.8 | 10.3 | 9.1 | 9.5 | ▲ 0.4 |
Key figures of INGENIEURSBUREAU FRAEYE & PARTNERS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INGENIEURSBUREAU FRAEYE & PARTNERS?
What happened at INGENIEURSBUREAU FRAEYE & PARTNERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Multi Engineering Group BV stepped down as director. NBB
- Van Goeye BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 65,750. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,119 profit in 2022 to € 65,750 loss in 2025.
Paid € 1,181 in corporate taxes since 2022.
Best year ever: 2023, with € 2,083 profit.
On average € 85,500 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Director · represented by Wouter Van Goeye
Also active at: MULTI.engineering Industrie, Bouw & Infra, Multi.engineering Maritime & Offshore Belgium, BloomUp, Annie Where, Prompto Growth House
· until 2029
Multi Engineering Group BV
Director · represented by Van Goeye Nicolas
· until 2030
Establishments
Establishment units
Physical locations of this company
Antwerpsesteenweg 39 box 201
9000 Gent
Antwerpsesteenweg 587
9040 Gent
Active since 29 November 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.198.922
- VAT number
- BE 0434.198.922
- Registered office
- Antwerpsesteenweg 39 bus 201, 9000 Gent
- Names & denominations
- INGENIEURSBUREAU FRAEYE & PARTNERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 1988
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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