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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
Financials
Financial year 2025
Global Fries from Vleteren, company number BE0767535165, closed financial year 2025 with a result of € -9 million after tax. For that financial year Global Fries recorded revenue of € 78.2 million and equity of € -4.2 million. Compared with financial year 2024, the result moved from € 755,881 to € -9 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ -4.2 million
▼ € 9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9 million
▼ still € 755,881 profit in 2024
Profit after tax over the fiscal year.
€ 4.7 million
▲ € 3.9 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.4 million.
People and assets in 2025
69.7
▲ 9.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5 million
▲ 21% vs 2024
€ 72,200 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.
€ 188,626
▼ 3% vs 2024
Of which on lease € 13,000.
Debts at end 2025
€ 49.5 million
▲ 40% vs 2024
€ 16,268 is repaid this year. At this pace the long-term loan is gone in ≈ 3043 years.
€ 11.1 million
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 801,735
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 51,757,577 | € 66,549,689 | € 66,884,453 | € 78,159,898 | ▲ 17% |
| Profit after taxes | € -3,186,947 | € 2,081,938 | € 755,881 | € -9,019,283 | ▼ € 9.8 million |
| Equity | € -2,186,947 | € 3,894,991 | € 4,842,721 | € -4,202,723 | ▼ € 9 million |
| Total debts | € 22,775,196 | € 26,182,074 | € 51,255,677 | € 61,877,364 | ▲ 21% |
| Cash | € 2,830,841 | € 284,993 | € 763,935 | € 4,705,523 | ▲ € 3.9 million |
| Land & buildings | € 4,409,120 | € 4,370,290 | € 4,761,781 | € 4,985,764 | ▲ 5% |
| Retained profit | € -3,186,947 | € -1,105,009 | € -349,128 | € -9,368,411 | ▼ € 9 million |
| Bank debt | € 6,898,502 | € 11,440,542 | € 35,339,483 | € 49,502,103 | ▲ 40% |
| Balance sheet total | € 20,588,249 | € 30,077,065 | € 56,098,398 | € 57,734,641 | ▲ 3% |
| Employees (FTE) | 30.5 | 50 | 60.3 | 69.7 | ▲ 9.4 |
Key figures of Global Fries, 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 Global Fries?
What happened at Global Fries in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9 million (▼ € 9.8 million vs 2024). Source: NBB ↗
- BLACK ARROW became a director. NBB
- Gijsbertus Muilenburg became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Vleteren. KBO
In short
From € 3.2 million loss in 2022 to € 9 million loss in 2025.
Paid € 224,599 in corporate taxes since 2022.
Best year ever: 2023, with € 2.1 million profit.
Pays suppliers within 57 days on average.
Management
The stake of Global Fries Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Global FriesBehind Global Fries are BLACK ARROW and Gijsbertus Muilenburg. The shares are held by Global Fries Holding (100%). It owns 100% of FARM POTATO itself.
Directors
According to the 2025 annual accounts
Director · represented by Bram Lamaire
Also active at: Global Fries Holding, Farm Potato
since 2021
Gijsbertus Muilenburg
Director
Also active at: FARM TRANS BELGIUM, Global Fries Holding, FARM TRANS WAREHOUSING, Farm Potato
since 2021
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Westvleterenstraat(Oost) 25A
8640 Vleteren
Westvleterenstraat(Oost) 25 / A
8640 Vleteren
Active since 1 January 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0767.535.165
- VAT number
- BE 0767.535.165
- Registered office
- Westvleterenstraat(Oost) 25A, 8640 Vleteren
- Names & denominations
- Global Fries
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 April 2021
- Peppol
- Active · Active since 17 Sept 2025
- Activities · NACE
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