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.The annual account for fiscal year 2026 has not been filed yet; it was 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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