Financials
Financial year 2025
FRAY from Meise, company number BE0765438183, closed financial year 2025 with a result of € 125,838 after tax. For that financial year FRAY recorded a gross margin of € 342,608 and equity of € 520,891. Compared with financial year 2024, the result moved from € 29,596 to € 125,838. Profitable, and profit is growing. 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 November 24, 2025.
€ 520,891
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 125,838
▲ € 96,241 vs 2024
Profit after tax over the fiscal year.
€ 434,793
▲ 68% 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 € 385,891.
People and assets in 2025
8.3
▼ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 80,593
▼ 3% vs 2024
€ 9,700 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.
€ 88,642
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 204,890
▼ 24% vs 2024
€ 64,563 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 242,703
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,452
▲ € 40,791 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 2,502,542 | - | |
| Gross margin | € 248,424 | € 315,415 | € 225,195 | € 342,608 | ▲ 52% |
| Profit after taxes | € 86,936 | € 143,521 | € 29,596 | € 125,838 | ▲ € 96,241 |
| Equity | € 221,936 | € 365,457 | € 395,054 | € 520,891 | ▲ 32% |
| Total debts | € 468,774 | € 652,234 | € 498,560 | € 498,285 | |
| Cash | € 212,839 | € 397,339 | € 258,488 | € 434,793 | ▲ 68% |
| Retained profit | € 86,936 | € 230,457 | € 260,054 | € 385,891 | ▲ 48% |
| Bank debt | € 272,628 | € 330,219 | € 268,177 | € 204,890 | ▼ 24% |
| Balance sheet total | € 690,710 | € 1,017,691 | € 893,614 | € 1,019,176 | ▲ 14% |
| Employees (FTE) | 2 | 4.8 | 10.3 | 8.3 | ▼ 2 |
Key figures of FRAY, 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 FRAY?
What happened at FRAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 125,838 (▲ € 96,241 vs 2024). filed late Source: NBB ↗
- New establishment in Meise. KBO
- Samira Zafari became a director. NBB
- Fraiddun Zafari became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 86,936 profit in 2022 to € 125,838 profit in 2025.
Paid € 115,744 in corporate taxes since 2022.
Best year ever: 2023, with € 143,521 profit.
On average € 41,300 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind FRAY are Samira Zafari and Fraiddun Zafari. Fraiddun Zafari is also behind BAMYAN.
Directors
According to the 2025 annual accounts
Samira Zafari
Director
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 58
1860 Meise
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0765.438.183
- VAT number
- BE 0765.438.183
- Registered office
- Brusselsesteenweg 58, 1860 Meise
- Names & denominations
- FRAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 March 2021
- Peppol
- Active · Active since 19 Oct 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)