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 59 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 46.1 to 40.4.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
F & F CONSTRUCT from Lokeren, company number BE0811839817, closed financial year 2025 with a result of € 61,096 after tax. For that financial year F & F CONSTRUCT recorded a gross margin of € 3.2 million and equity of € 429,548. Compared with financial year 2024, the result moved from € -69,651 to € 61,096. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2026.
€ 429,548
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 61,096
▲ still € 69,651 loss in 2024
Profit after tax over the fiscal year.
€ 625
▼ 98% 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 € -70,452.
People and assets in 2025
40.4
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▼ 4% vs 2024
€ 62,500 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.
€ 86,012
▼ 32% vs 2024
Of which on lease € 831.
Debts at end 2025
€ 1.3 million
▼ 13% vs 2024
€ 69,145 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1.3 million
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 443,973
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,067,465 | € 3,594,059 | € 3,461,081 | € 3,217,634 | ▼ 7% |
| Profit after taxes | € 27,394 | € 2,397 | € -69,651 | € 61,096 | ▲ € 130,747 |
| Equity | € 435,706 | € 438,103 | € 368,452 | € 429,548 | ▲ 17% |
| Total debts | € 3,783,976 | € 3,824,457 | € 3,600,817 | € 3,056,399 | ▼ 15% |
| Cash | € 2,779 | € 13,129 | € 36,628 | € 625 | ▼ 98% |
| Land & buildings | € 216,184 | € 194,063 | € 195,010 | € 172,267 | ▼ 12% |
| Retained profit | € -64,294 | € -61,897 | € -131,548 | € -70,452 | ▲ € 61,096 |
| Bank debt | € 1,593,743 | € 1,476,366 | € 1,487,255 | € 1,301,049 | ▼ 13% |
| Balance sheet total | € 4,219,682 | € 4,262,560 | € 3,969,269 | € 3,485,947 | ▼ 12% |
| Employees (FTE) | 54.2 | 46.1 | 41.5 | 40.4 | ▼ 1.1 |
By gross margin, F & F CONSTRUCT ranks 1st of 21 companies with main activity “Bouw van autowegen en andere wegen” in Lokeren that publish figures (fiscal year 2025).
Key figures of F & F CONSTRUCT, 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.
Ask about F & F CONSTRUCT the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to F & F CONSTRUCT?
What happened at F & F CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 61,096. filed late Source: NBB ↗
- Capital increase of € 50,000, published in the Gazette. Source: Staatsblad ↗
- Capital increase of € 30,000, published in the Gazette. Source: Staatsblad ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Lokeren. KBO
In short
From € 27,394 profit in 2022 to € 61,096 profit in 2025.
Paid € 65,244 in corporate taxes since 2022.
Best year ever: 2025, with € 61,096 profit.
On average € 79,600 of value added per employee in 2025.
Management
The stake of EMF CONSTRUCT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
F & F CONSTRUCTBehind F & F CONSTRUCT is EMF Construct Besloten vennootschap. The shares are held by EMF CONSTRUCT (90.9%).
Directors
According to the 2025 annual accounts
EMF Construct Besloten vennootschap
Director · represented by Frank Meirsman
Shareholders
90.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dijkstraat 21
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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€ 27 million revenue · 2025
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Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
TRANSIP-AS Amsterdam, the Netherlands, NL
Website info
Features
Security
Network
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Capital increase
Source: Deed ↗- SIAU Filip(inschrijver kapitaalverhoging) 25%
- MEIRSMAN Frank Constant Hipoliet(inschrijver kapitaalverhoging) 25%
Incorporation
Source: Deed ↗- Frank Meirsman(vennoot) 50%
- Filip Siau(vennoot) 50%
Details
- Company number
- 0811.839.817
- VAT number
- BE 0811.839.817
- Registered office
- Dijkstraat 21, 9160 Lokeren
- Names & denominations
- F & F CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 2009
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- fenfconstruct.be
- Activities · NACE
Bouw van autowegen en andere wegen
Overige werkzaamheden in verband met de afwerking van gebouwen
Bouwrijp maken van terreinen
Landschapsverzorging
Goederenvervoer over de weg
Sanering en ander afvalbeheer
Opslag
Overige gespecialiseerde bouwactiviteiten, neg
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