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 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
F Real Estate from Flémalle, company number BE0467181593, closed financial year 2025 with a result of € 17,306 after tax. For that financial year F Real Estate recorded a gross margin of € 1.1 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € -270,198 to € 17,306. 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 November 10, 2025.
€ 2.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,306
▲ still € 270,198 loss in 2024
Profit after tax over the fiscal year.
€ 95,377
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.4 million.
People and assets in 2025
3.5
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 148,944
▼ 15% vs 2024
€ 42,600 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.
€ 3,302
▼ 54% vs 2024
Of which on lease € 2,950.
Debts at end 2025
€ 10.7 million
▼ 5% vs 2024
€ 589,218 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 70,546
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 135,560
▲ 162% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 515,432 | € 1,353,476 | € 397,898 | € 1,143,353 | ▲ 187% |
| Profit after taxes | € 39,594 | € 643,694 | € -270,198 | € 17,306 | ▲ € 287,504 |
| Equity | € 1,892,301 | € 2,535,996 | € 2,265,797 | € 2,283,104 | ▲ 1% |
| Total debts | € 4,218,088 | € 4,665,538 | € 12,814,455 | € 12,464,066 | ▼ 3% |
| Cash | € 89,157 | € 768,258 | € 97,567 | € 95,377 | ▼ 2% |
| Land & buildings | € 5,263,931 | € 5,425,047 | € 14,150,196 | € 13,511,992 | ▼ 5% |
| Retained profit | € 1,042,367 | € 1,686,061 | € 1,415,862 | € 1,433,169 | ▲ 1% |
| Bank debt | € 4,049,979 | € 4,444,553 | € 11,160,245 | € 10,650,171 | ▼ 5% |
| Balance sheet total | € 6,110,389 | € 7,350,346 | € 15,130,066 | € 14,787,983 | ▼ 2% |
| Employees (FTE) | 3 | 3.5 | 4.1 | 3.5 | ▼ 0.6 |
Key figures of F Real Estate, 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 October 2026.
What happened to F Real Estate?
What happened at F Real Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Grégory FRANCHI stepped down as director. NBB
- Antonia ROCCI stepped down as director. NBB
- Mario FRANCHI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 17,306. filed late Source: NBB ↗
- Grégory FRANCHI became a director. NBB
- Antonia ROCCI became a director. NBB
- Mario FRANCHI became a director. NBB
- New establishment in Flémalle. KBO
In short
From € 39,594 profit in 2022 to € 17,306 profit in 2025.
Paid € 141,929 in corporate taxes since 2022.
Best year ever: 2023, with € 643,694 profit.
On average € 326,700 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Grégory FRANCHI
Managing director
Also active at: GREG TRANSPORTS, GMD RENO, GF 2, DGF INVEST, AVROY, ALTRO, GF INVEST MANAGEMENT, GF4 +13 more
since 2023 · until 2029
Antonia ROCCI
Director
Also active at: TRANSPORTS LOUIS FRISAYE, GREG TRANSPORTS, AVROY, GF INVEST MANAGEMENT
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Chaussée de Chokier(Flh) 82
4400 Flémalle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.181.593
- VAT number
- BE 0467.181.593
- Registered office
- Chaussée de Chokier(Flh) 82, 4400 Flémalle
- Names & denominations
- F Real Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 November 1999
- Peppol
- Active · Active since 27 Aug 2025
- Activities · NACE
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