What does FREMATO GROUP do?

FREMATO GROUP is a property company in Waregem. Public Limited, started on 24 January 1990, 5 establishments.

What is the address of FREMATO GROUP?

The registered office of FREMATO GROUP is located at Brabantstraat 15, 8790 Waregem.

Is FREMATO GROUP still active?

Yes. According to the CBE (29 October 2026) FREMATO GROUP is active, legal situation “Normale toestand”, started on 24 January 1990.

Is FREMATO GROUP registered on Peppol?

Yes, FREMATO GROUP is registered on the Peppol network with ID 0208:0439830365.

What is the enterprise number of FREMATO GROUP?

The enterprise number of FREMATO GROUP is BE0439830365.

When was FREMATO GROUP founded?

FREMATO GROUP was founded on 24 January 1990.

Who are the directors of FREMATO GROUP?

According to the 2025 annual accounts, the directors of FREMATO GROUP are: Arasko CommV, Paul Thermote, Ellima BV, Silex BV, Jeannie Williams, Intervinco BV.

Is FREMATO GROUP a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 24 January 1990; 5 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account; 5 establishments in the CBE.

How much profit did FREMATO GROUP make in 2025?

FREMATO GROUP posted a profit after taxes of € 3,334,183 in financial year 2025.

What is the revenue of FREMATO GROUP?

In its most recent annual accounts (2025), FREMATO GROUP reported revenue of € 33,997,869.

How much does an employee at FREMATO GROUP earn?

The average wage cost per full-time employee at FREMATO GROUP was € 38,300 in 2023: staff costs of € 118,847 for 3.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

FREMATO GROUP (Public Limited) - Waregem - BE0439830365

Dossier FREMATO GROUP, printed on 29 October 2026 from databakkes.be/en/0439830365/fremato-group. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

16 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

FREMATO GROUP from Waregem, company number BE0439830365, closed financial year 2025 with a result of € 3.3 million after tax. For that financial year FREMATO GROUP recorded revenue of € 34 million and equity of € 47 million. Compared with financial year 2024, the result moved from € 5.2 million to € 3.3 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.

What it is worth Growing

€ 47 million

▲ 8% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 3.3 million

▼ 35% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6,531

▼ 93% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 46.6 million.

People and assets in 2025

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 10.5 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 456

▼ 91% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 164.6 million

▲ 33% vs 2024

Of which on lease € 164.5 million.

Debts at end 2025

Bank debt ≈ 8 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 214.8 million

▲ 22% vs 2024

€ 26.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.

Owed to suppliers

€ 2.3 million

▼ 55% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.

Taxes and wages

€ 11,899

▼ 78% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 18,072,759 Revenue 2022: € 18,072,759 First fiscal year in the series	€ 21,108,207 Revenue 2023: € 21,108,207 ▲ 17% vs 2022 (€ 18,072,759) Favourable step	€ 26,727,730 Revenue 2024: € 26,727,730 ▲ 27% vs 2023 (€ 21,108,207) Favourable step	€ 33,997,869 Revenue 2025: € 33,997,869 ▲ 27% vs 2024 (€ 26,727,730) Favourable step	▲ 27%
Profit after taxes	€ 3,876,206 Profit after taxes 2022: € 3,876,206 First fiscal year in the series	€ 1,580,751 Profit after taxes 2023: € 1,580,751 ▼ 59% vs 2022 (€ 3,876,206) Unfavourable step	€ 5,167,757 Profit after taxes 2024: € 5,167,757 ▲ 227% vs 2023 (€ 1,580,751) Favourable step	€ 3,334,183 Profit after taxes 2025: € 3,334,183 ▼ 35% vs 2024 (€ 5,167,757) Unfavourable step	▼ 35%
Equity	€ 36,949,994 Equity 2022: € 36,949,994 First fiscal year in the series	€ 38,530,745 Equity 2023: € 38,530,745 ▲ 4% vs 2022 (€ 36,949,994) Favourable step	€ 43,698,502 Equity 2024: € 43,698,502 ▲ 13% vs 2023 (€ 38,530,745) Favourable step	€ 47,032,685 Equity 2025: € 47,032,685 ▲ 8% vs 2024 (€ 43,698,502) Favourable step	▲ 8%
Total debts	€ 195,733,808 Total debts 2022: € 195,733,808 First fiscal year in the series	€ 206,515,028 Total debts 2023: € 206,515,028 ▲ 6% vs 2022 (€ 195,733,808) Unfavourable step	€ 203,224,692 Total debts 2024: € 203,224,692 ▼ 2% vs 2023 (€ 206,515,028) Favourable step	€ 237,860,018 Total debts 2025: € 237,860,018 ▲ 17% vs 2024 (€ 203,224,692) Unfavourable step	▲ 17%
Cash	€ 51,455 Cash 2022: € 51,455 First fiscal year in the series	€ 366,462 Cash 2023: € 366,462 ▲ € 315,007 vs 2022 (€ 51,455) Favourable step	€ 87,272 Cash 2024: € 87,272 ▼ 76% vs 2023 (€ 366,462) Unfavourable step	€ 6,531 Cash 2025: € 6,531 ▼ 93% vs 2024 (€ 87,272) Unfavourable step	▼ 93%
Land & buildings	€ 36,322,340 Land & buildings 2022: € 36,322,340 First fiscal year in the series	€ 38,788,828 Land & buildings 2023: € 38,788,828 ▲ 7% vs 2022 (€ 36,322,340) Unchanged	€ 36,348,300 Land & buildings 2024: € 36,348,300 ▼ 6% vs 2023 (€ 38,788,828) Unchanged	€ 44,214,955 Land & buildings 2025: € 44,214,955 ▲ 22% vs 2024 (€ 36,348,300) Unchanged	▲ 22%
Retained profit	€ 36,517,205 Retained profit 2022: € 36,517,205 First fiscal year in the series	€ 38,097,956 Retained profit 2023: € 38,097,956 ▲ 4% vs 2022 (€ 36,517,205) Favourable step	€ 43,265,712 Retained profit 2024: € 43,265,712 ▲ 14% vs 2023 (€ 38,097,956) Favourable step	€ 46,599,896 Retained profit 2025: € 46,599,896 ▲ 8% vs 2024 (€ 43,265,712) Favourable step	▲ 8%
Dividend	€ 3,800,000 Dividend 2022: € 3,800,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 3,800,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 181,087,340 Bank debt 2022: € 181,087,340 First fiscal year in the series	€ 186,987,913 Bank debt 2023: € 186,987,913 ▲ 3% vs 2022 (€ 181,087,340) Unfavourable step	€ 175,528,374 Bank debt 2024: € 175,528,374 ▼ 6% vs 2023 (€ 186,987,913) Favourable step	€ 214,764,387 Bank debt 2025: € 214,764,387 ▲ 22% vs 2024 (€ 175,528,374) Unfavourable step	▲ 22%
Balance sheet total	€ 232,683,882 Balance sheet total 2022: € 232,683,882 First fiscal year in the series	€ 245,045,773 Balance sheet total 2023: € 245,045,773 ▲ 5% vs 2022 (€ 232,683,882) Unchanged	€ 247,280,827 Balance sheet total 2024: € 247,280,827 ▲ 1% vs 2023 (€ 245,045,773) Unchanged	€ 285,247,356 Balance sheet total 2025: € 285,247,356 ▲ 15% vs 2024 (€ 247,280,827) Unchanged	▲ 15%
Employees (FTE)	20.6 Employees (FTE) 2022: 20.6 First fiscal year in the series	3.1 Employees (FTE) 2023: 3.1 ▼ 17.5 vs 2022 (20.6) Unchanged	-	-

Key figures of FREMATO GROUP, 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 FREMATO GROUP?

What happened at FREMATO GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Arasko CommV stepped down as director. NBB
2031 Paul Thermote stepped down as director. NBB
2031 Jeannie Williams stepped down as director. NBB
2031 Intervinco BV stepped down as director. NBB
Jul 17, 2026 New annual accounts for financial year 2025: profit of € 3.3 million (▼ 35% vs 2024). Source: NBB ↗
2025 Silex BV stepped down as director. NBB
2025 Arasko CommV became a director. NBB
2025 Jeannie Williams became a director. NBB

In short

From € 3.9 million profit in 2022 to € 3.3 million profit in 2025.

Paid € 3.6 million in corporate taxes since 2022.

Best year ever: 2024, with € 5.2 million profit.

Paid out € 3.8 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

TVH Parts Holding NV 100%

FREMATO GROUP

Fremato Australia 100%

Fremato Bulgaria 100%

Fremato USA Inc 100%

Fremato Canada 100%

+12

The shares are held by TVH Parts Holding NV (100%). It owns 100% of Fremato Australia, 100% of Fremato Bulgaria, 100% of Fremato USA Inc, 100% of Fremato Canada, 100% of LTE 2 and 100% of Fremato UK itself.

Directors

According to the 2025 annual accounts

Arasko CommV

Director · represented by Anne-Marie Rasschaert

Also active at: TVH PARTS, BEPCO PARTS, Battery Supplies, TVH Parts Holding, BATTERIMMO

since 2025 · until 2031

Paul Thermote

Director

since 2025 · until 2031

Ellima BV

Director · represented by Mark Oosterlinck

Also active at: TVH PARTS, BEPCO PARTS, Battery Supplies, GEM ONE, TVH Parts Holding, BATTERIMMO

since 2024 · until 2025

Silex BV

Director · represented by Dominiek Valcke

Also active at: TVH PARTS, BEPCO PARTS, Battery Supplies, GEM ONE, TVH GLOBAL SERVICES, TVH Parts Holding, BATTERIMMO

since 2024 · until 2025

Jeannie Williams

Director

since 2025 · until 2031

Intervinco BV

Director · represented by Carine Van Landschoot

Also active at: TVH PARTS, BEPCO PARTS, Battery Supplies, GEM ONE, TVH GLOBAL SERVICES, TVH Parts Holding, BATTERIMMO

since 2025 · until 2031

Shareholders

TVH Parts Holding NV

100%

Participations

Fremato Australia

100%

Fremato Bulgaria

100%

Fremato USA Inc

100%

Fremato Canada

100%

LTE 2

100%

Fremato UK

100%

Fremato New Zealand

100%

Fremato South Africa Pty Ltd

100%

Fremato France

99.9%

Batterimmo

69.7%

Benval

10%

TVH Brasil Peças

6.6%

TVH Parts Mexico

0.1%

IMCH Mexicana

0.1%

TVH Parts Thailand

TVH India

Establishments

Establishment units

Physical locations of this company

Registered office

Brabantstraat 15

8790 Waregem

2.047.269.033

Driemasten 120

8560 Wevelgem

Active since 28 February 1990

2.153.758.405

Mannebeekstraat 2

8790 Waregem

Active since 1 April 2006

2.231.910.612

Brabantstraat 43-45

8790 Waregem

Active since 20 May 2011

2.259.224.723

Vichtseweg 129

8790 Waregem

Active since 14 November 2016

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.

All companies at this address →

TVH PARTS same network

€ 825.1 million revenue · 2025

MIDEX INTERNATIONAL

€ 118,004 gross margin · 2025

BERAN MANAGEMENT

€ 98,637 gross margin · 2025

Hano

Hampton Bay I

+11 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0439.830.365

VAT number

BE 0439.830.365

Registered office

Brabantstraat 15, 8790 Waregem

Names & denominations

FREMATO GROUP

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

24 January 1990

Peppol

Active · Active since 29 Dec 2025

Activities · NACE

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Activiteiten van holdings

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

FREMATO GROUP

Warning lights

Financials

What happened to FREMATO GROUP?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions