Financials
Financial year 2025
FREWAM from Kluisbergen, company number BE0464212009, closed financial year 2025 with a result of € 317,662 after tax. For that financial year FREWAM recorded a gross margin of € 432,291 and equity of € 3.5 million. Compared with financial year 2024, the result moved from € 1.5 million to € 317,662. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 3.5 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 317,662
▼ 79% vs 2024
Profit after tax over the fiscal year.
€ 107,587
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 837,948 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 80,658
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6,691
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 82,683
▼ 57% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 868,971 | € 1,224,224 | € 2,196,017 | € 432,291 | ▼ 80% |
| Profit after taxes | € 598,488 | € 788,111 | € 1,534,303 | € 317,662 | ▼ 79% |
| Equity | € 3,649,691 | € 4,437,802 | € 4,067,513 | € 3,547,226 | ▼ 13% |
| Total debts | € 457,892 | € 424,382 | € 274,145 | € 101,981 | ▼ 63% |
| Cash | € 735,260 | € 1,163,255 | € 501,057 | € 107,587 | ▼ 79% |
| Land & buildings | € 1,148,946 | € 1,125,690 | € 544,441 | € 151,868 | ▼ 72% |
| Retained profit | € 3,208,383 | € 3,996,494 | € 4,060,560 | € 3,540,273 | ▼ 13% |
| Dividend | € 0 | € 0 | € 1,470,237 | € 837,948 | ▼ 43% |
| Bank debt | € 156,358 | € 115,945 | € 67,474 | € 0 | ▼ 100% |
| Balance sheet total | € 4,107,583 | € 4,862,184 | € 4,341,657 | € 3,649,207 | ▼ 16% |
Key figures of FREWAM, 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 FREWAM?
What happened at FREWAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 317,662 (▼ 79% vs 2024). Source: NBB ↗
- Marc Cosaert became a director. NBB
- New establishment in Kluisbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 598,488 profit in 2022 to € 317,662 profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
Paid out € 2.3 million in dividends to the owners in total.
Management
Behind FREWAM is Marc Cosaert. Marc Cosaert is also behind Ernst & Young Strategy and Transactions.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Nophovestraat 10
9690 Kluisbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0464.212.009
- VAT number
- BE 0464.212.009
- Registered office
- Nophovestraat 10, 9690 Kluisbergen
- Names & denominations
- FREWAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 1998
- Peppol
- Active · Active since 1 Sept 2025
- Activities · NACE
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