Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 87.7 to 76.6.
Financials
Financial year 2025
Fremach International from Diepenbeek, company number BE0881858474, closed financial year 2025 with a result of € 19.4 million after tax. For that financial year Fremach International recorded revenue of € 18.6 million and equity of € 70.8 million. Compared with financial year 2024, the result moved from € -2.5 million to € 19.4 million. 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 June 17, 2026.
€ 70.8 million
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19.4 million
▲ still € 2.5 million loss in 2024
Profit after tax over the fiscal year.
€ 8.3 million
▼ 58% 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 € -75.9 million.
People and assets in 2025
76.6
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.4 million
▼ 5% vs 2024
€ 57,700 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.
€ 2.7 million
▼ 38% vs 2024
Of which on lease € 2.7 million.
Debts at end 2025
€ 10.2 million
▼ 57% vs 2024
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.2 million
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 110 days on average.
€ 1.8 million
▲ 129% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,893,755 | € 16,808,312 | € 23,757,416 | € 18,608,523 | ▼ 22% |
| Profit after taxes | € -10,116,190 | € -29,738,167 | € -2,456,406 | € 19,365,255 | ▲ € 21.8 million |
| Equity | € 33,604,706 | € 53,866,539 | € 51,410,133 | € 70,775,387 | ▲ 38% |
| Total debts | € 151,399,863 | € 165,785,924 | € 148,595,543 | € 130,270,557 | ▼ 12% |
| Cash | € 1,005,343 | € 26,413,305 | € 19,792,712 | € 8,349,679 | ▼ 58% |
| Land & buildings | € 3,691,864 | € 3,386,881 | € 3,188,020 | € 2,949,920 | ▼ 7% |
| Retained profit | € -63,068,836 | € -92,807,003 | € -95,263,409 | € -75,898,155 | ▲ € 19.4 million |
| Bank debt | € 23,957,668 | € 18,652,822 | € 23,714,832 | € 10,188,174 | ▼ 57% |
| Balance sheet total | € 185,533,371 | € 220,276,794 | € 200,497,477 | € 201,537,745 | ▲ 1% |
| Employees (FTE) | 104.3 | 87.7 | 77.7 | 76.6 | ▼ 1.1 |
Key figures of Fremach International, 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 Fremach International?
What happened at Fremach International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lieven De Turck stepped down as director. NBB
- ELEX NV stepped down as director. NBB
- Roland Duchâtelet stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19.4 million. Source: NBB ↗
- Lieven De Turck became a director. NBB
- ELEX NV became a director. NBB
- Roland Duchâtelet became a director. NBB
- New establishment in Diepenbeek. KBO
In short
From € 10.1 million loss in 2022 to € 19.4 million profit in 2025.
Paid € 2.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 19.4 million profit.
Pays suppliers within 110 days on average.
Management
The shares are held by Elex NV (100%) and Roland Duchâtelet (0%). It owns 100% of Fremach Morava SRO, 100% of Nipbelmex, 100% of Epiq GmbH, 100% of Fremach Trnava SRO, 100% of Fremach Dieppe SARL and 100% of Yamaver itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
since 2024 · until 2030
since 2025 · until 2031
Shareholders
100%
Roland Duchâtelet · director
0%
Participations
Fremach Morava SRO
100%
Nipbelmex
100%
Epiq GmbH
100%
Fremach Trnava SRO
100%
Fremach Dieppe SARL
100%
Yamaver
100%
100%
Worknomads
25%
Integrated Microelectronics INC
11.7%
Establishments
Establishment units
Physical locations of this company
Industrielaan 1
3590 Diepenbeek
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
- 0881.858.474
- VAT number
- BE 0881.858.474
- Registered office
- Industrielaan 1, 3590 Diepenbeek
- Names & denominations
- Fremach International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 June 2006
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
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