Financials
Financial year 2025
FRENICO from Sint-Martens-Latem, company number BE0476448855, closed financial year 2025 with a result of € 5,132 after tax. For that financial year FRENICO recorded a gross margin of € 79,303 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 30,106 to € 5,132. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 27, 2026.
€ 1.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,132
▼ 83% vs 2024
Profit after tax over the fiscal year.
€ 22,822
▼ 77% 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 € 1.2 million.
Debts at end 2025
€ 282,693
▼ 10% vs 2024
€ 29,159 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 17,777
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 116,524 | € 66,678 | € 122,681 | € 79,303 | ▼ 35% |
| Profit after taxes | € 31,383 | € -16,072 | € 30,106 | € 5,132 | ▼ 83% |
| Equity | € 1,534,543 | € 1,518,472 | € 1,548,578 | € 1,553,710 | |
| Total debts | € 58,703 | € 379,377 | € 334,994 | € 300,520 | ▼ 10% |
| Cash | € 322,857 | € 36,117 | € 99,395 | € 22,822 | ▼ 77% |
| Land & buildings | € 1,222,124 | € 1,807,324 | € 1,766,300 | € 1,807,430 | ▲ 2% |
| Retained profit | € 1,173,235 | € 1,157,163 | € 1,187,270 | € 1,192,402 | |
| Bank debt | € 40,000 | € 358,547 | € 313,337 | € 282,693 | ▼ 10% |
| Balance sheet total | € 1,593,246 | € 1,897,849 | € 1,883,572 | € 1,854,230 | ▼ 2% |
Key figures of FRENICO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to FRENICO?
What happened at FRENICO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Charles Van de Velde stepped down as director. NBB
- Frédérique Van de Velde stepped down as director. NBB
- Nicolas Van De Velde stepped down as director. NBB
- Caroline Vande Maele stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 5,132 (▼ 83% vs 2024). Source: NBB ↗
- Charles Van de Velde became a director. NBB
- Frédérique Van de Velde became a director. NBB
- Nicolas Van De Velde became a director. NBB
In short
From € 31,383 profit in 2022 to € 5,132 profit in 2025.
Paid € 34,505 in corporate taxes since 2022.
Best year ever: 2022, with € 31,383 profit.
Management
Directors
According to the 2025 annual accounts
Charles Van de Velde
Voorzitter van de Raad van Bestuur
since 2023 · until 2029
Frédérique Van de Velde
Bestuurder
since 2023 · until 2029
Nicolas Van De Velde
Bestuurder
since 2023 · until 2029
Caroline Vande Maele
Gedelegeerd bestuurder
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Baarle-Frankrijkstraat 9
9830 Sint-Martens-Latem
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
- 0476.448.855
- VAT number
- BE 0476.448.855
- Registered office
- Baarle-Frankrijkstraat 9, 9830 Sint-Martens-Latem
- Names & denominations
- FRENICO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2001
- Peppol
- Active · Active since 1 Jan 2001