FRAPACK (0751.722.086): financials and annual accounts

FRAPACK

Antwerp ·KBO/BCE: BE 0751.722.086

Line	2025	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	527,708	533,396	227,252	239,551	137,172
Fixed assets`21/28`	402,225	439,225	32,477	26,376	14,117
Tangible fixed assets`22/27`	402,225	437,292	24,544	15,442	9,184
Land and buildings`22`	332,970	347,370	-	-	-
Plant, machinery and equipment`23`	898	1,665	2,540	1,912	2,500
Furniture and vehicles`24`	64,795	83,249	15,549	12,102	5,085
Other tangible fixed assets`26`	3,561	5,008	6,455	1,428	1,598
Financial fixed assets`28`	0	1,933	7,933	10,933	4,933
Current assets`29/58`	125,483	94,171	194,775	213,175	123,055
Stocks and contracts in progress`3`	1,483	-	-	-	-
Stocks`30/36`	1,483	-	-	-	-
Amounts receivable within one year`40/41`	79,411	49,723	75,746	68,753	43,956
Trade receivables`40`	25,772	3,353	28,216	18,424	1,215
Other amounts receivable`41`	53,640	46,371	47,530	50,329	42,741
Cash at bank and in hand`54/58`	43,603	42,577	117,944	141,995	78,720
Deferred charges and accrued income`490/1`	986	1,870	1,085	2,428	379
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	527,708	533,396	227,252	239,551	137,172
Equity`10/15`	123,397	122,964	154,929	145,521	89,975
Contributions`10/11`	100	100	100	100	100
Reserves`13`	154,829	154,829	154,829	145,421	89,875
Distributable reserves`133`	154,829	154,829	154,829	145,421	89,875
Profit (loss) carried forward`14`	-31,532	-31,965	-	-	-
Amounts payable`17/49`	404,311	410,432	72,323	94,029	47,198
Amounts payable after more than one year`17`	320,785	351,202	-	-	-
Financial debts`170/4`	320,785	351,202	-	-	-
Amounts payable within one year`42/48`	83,526	59,229	71,823	94,029	47,198
Current portion of amounts payable after more than one year`42`	30,417	29,222	-	-	-
Trade debts`44`	13,371	15,288	29,064	27,477	8,075
Suppliers`440/4`	13,371	15,288	29,064	27,477	8,075
Advances received on contracts in progress`46`	15,834	3,647	2,674	2,260	-
Taxes, remuneration and social security`45`	23,904	11,073	40,085	64,292	39,123
Taxes`450/3`	8,102	3,168	32,083	64,292	39,123
Remuneration and social security`454/9`	15,801	7,905	8,002	-	-
Accrued charges and deferred income`492/3`	-	0	500	-	-
Income statement
Gross operating margin`9900`	170,369	171,065	94,259	78,348	127,065
Remuneration, social security and pensions`62`	116,615	126,155	75,833	101	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	35,067	19,769	5,571	2,011	867
Other operating charges`640/8`	4,837	48,221	2,684	2,872	2,423
Operating profit (loss)`9901`	13,850	-23,081	10,171	73,365	123,774
Financial income`75/76B`	2,458	2,963	2,917	2,979	1,326
Recurring financial income`75`	2,458	2,963	2,917	2,979	1,326
Financial charges`65/66B`	15,783	11,843	395	201	251
Recurring financial charges`65`	15,783	11,843	395	201	251
Profit (loss) for the period before taxes`9903`	525	-31,961	12,694	76,143	124,850
Income taxes`67/77`	92	4	3,286	20,597	34,975
Profit (loss) for the period`9904`	433	-31,965	9,408	55,547	89,875
Profit (loss) for the period to be appropriated`9905`	433	-31,965	9,408	55,547	89,875
Appropriation of the result
Profit (loss) to be appropriated`9906`	-31,532	-31,965	9,408	55,547	89,875
Profit (loss) brought forward from the previous period`14P`	-31,965	-	-	-	-
Transfer to equity`691/2`	-	0	9,408	55,547	89,875
To other reserves`6921`	-	0	9,408	55,547	89,875
Social balance sheet
Average staff (FTE)`9087`	5.3	5.3	2.7	-	-
Hours worked`1013`	5,776	5,421	2,684	-	-
Document	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	29-09-2026	2026-00529818	PDF
31-12-2024	micro format	17-11-2025	2025-00566972	PDF
31-12-2023	micro format	11-10-2024	2024-00504526	PDF
31-12-2022	micro format	05-10-2023	2023-00472534	PDF
31-12-2021	micro format	30-08-2022	2022-20347977	PDF

Line	2025	2024	2023	2022	2021
EBITDA	48,917	-3,311	15,743	75,376	124,642
Cash flow	35,500	-12,196	14,979	57,557	90,742
Investment in fixed assets	0	434,945	14,673	14,269	14,985
Change in cash	1,026	-75,367	-24,051	63,274	-
Working capital	41,958	34,941	122,952	119,146	75,858
Solvency	23.4%	23.1%	68.2%	60.7%	65.6%
Current ratio	1.50	1.59	2.71	2.27	2.61
Quick ratio	1.48	1.59	2.71	2.27	2.61
Debt to equity	3.28	3.34	0.47	0.65	0.52
ROE	0.4%	-26.0%	6.1%	38.2%	99.9%
ROA	0.1%	-6.0%	4.1%	23.2%	65.5%
Interest coverage	3.10	-0.28	39.89	over 100	over 100

Item	31-12-2025	31-12-2024	31-12-2023
Employees at the balance-sheet date	6	4	4
full-time	0	0	0
part-time	6	4	4
in full-time equivalents	3.5	2.4	2.2
Average over the year, in full-time equivalents	3.2	3.1	1.5
On a permanent contract	6	4	4
Joined	4	8	6
Left	2	8	2
Training hours	-	7	4

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€0	€434,945	€14,673	€8,269	€10,051
Financial fixed assets	€0	-	-	€6,000	€4,933
Depreciation and write-downs of the year	€35,067	€19,769	€5,571	€2,011	€867

FRAPACK

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency23.4%

Current ratio1.50

Return on assets0.1%

Staff

Staff cost per FTE€22,003

Joined and left+2

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on FRAPACK

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