FRELON
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 3 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€208,546▼ 39.3%
2024 · €343,444
Working capital
€10.6m▲ 3.6%
2024 · €10.3m
Trend over the years
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €54,633, after a profit of €32,265 in 2024. It is the lowest result since 2023.
Operating result-€0.05m
2025
Net result€0.2m
2025
Total assets€520.2m
2025
Equity€520.2m
2025
Debt€0.03m
2025
Working capital€10.6m
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€0.007m-€0.03m▲ 381%-€0.05m
Net result€0.3m-€0.3m▲ 5.7%€0.2m▼ 39.3%
Equity€519.7m-€520.0m▲ 0.1%€520.2m=
Total assets€520.4m-€520.1m▼ 0.1%€520.2m=
Debt€0.8m-€0.1m▼ 84.5%€0.03m▼ 76.0%
Working capital€10.0m-€10.3m▲ 3.2%€10.6m▲ 3.6%
Staff (FTE)0
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €520.2m
Fixed assets
€509.6m =
Current assets
€10.7m ▲ 2.9%
Equity and liabilities €520.2m
Equity
€520.2m =
Debt
€28,932 ▼ 76.0%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
EBITDA
-€54,633▼
2024 · €40,404
Cash flow
€208,546▼
2024 · €351,583
Debt to equity
0.00▼
2024 · 0.00
ROE
0.0%▼
2024 · 0.1%
ROA
0.0%▼
2024 · 0.1%
Interest coverage
-9.41▼
2024 · 1.91
Debt ≤ 1 year
€28,932▼
2024 · €99,476
Income taxes
€97,982▲
2024 · €52,777
A ratio outside any meaningful range has been withheld (balance sheet total €520.2m, equity €520.2m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €8,139 | €0 | ▼ 100% |
| Other operating charges640/8 | €518 | €802 | €6,034 | ▲ 652% |
| Gross operating margin9900 | €7,229 | €41,206 | -€48,599 | - |
| Operating profit (loss)9901 | €6,711 | €32,265 | -€54,633 | - |
| Financial income75/76B | €333,699 | €385,111 | €366,971 | ▼ 4.7% |
| Recurring financial income75 | €333,699 | €385,111 | €366,971 | ▼ 4.7% |
| Financial charges65/66B | €15,499 | €21,156 | €5,809 | ▼ 72.5% |
| Recurring financial charges65 | €15,499 | €21,156 | €5,809 | ▼ 72.5% |
| Profit (loss) for the period before taxes9903 | €324,911 | €396,221 | €306,528 | ▼ 22.6% |
| Income taxes67/77 | - | €52,777 | €97,982 | ▲ 85.7% |
| Profit (loss) for the period9904 | €324,911 | €343,444 | €208,546 | ▼ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €324,911 | €343,444 | €208,546 | ▼ 39.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €520.4m | €520.1m | €520.2m | = |
| Fixed assets21/28 | €509.7m | €509.8m | €509.6m | = |
| Tangible fixed assets22/27 | - | €0.03m | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €0.03m | €0 | ▼ 100% |
| Financial fixed assets28 | €509.7m | €509.7m | €509.6m | = |
| Current assets29/58 | €10.7m | €10.4m | €10.7m | ▲ 2.9% |
| Amounts receivable after more than one year29 | €10.0m | €10.0m | €10.5m | ▲ 5.0% |
| Other amounts receivable291 | €10.0m | €10.0m | €10.5m | ▲ 5.0% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €240 | ▼ 98.4% |
| Trade receivables40 | €0.02m | €0.02m | €0 | ▼ 100% |
| Other amounts receivable41 | €0.005m | €0 | €240 | - |
| Cash at bank and in hand54/58 | €0.4m | €0.05m | €0.06m | ▲ 3.9% |
| Deferred charges and accrued income490/1 | €0.3m | €0.3m | €0.1m | ▼ 61.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €520.4m | €520.1m | €520.2m | = |
| Equity10/15 | €519.7m | €520.0m | €520.2m | = |
| Contributions10/11 | €13.0m | €13.0m | €13.0m | = |
| Capital10 | €13.0m | €13.0m | €13.0m | = |
| Issued capital100 | €13.0m | €13.0m | €13.0m | = |
| Reserves13 | €506.6m | €507.0m | €507.2m | = |
| Non-distributable reserves130/1 | €1.3m | €1.3m | €1.3m | = |
| Legal reserve130 | €1.3m | €1.3m | €1.3m | = |
| Distributable reserves133 | €505.3m | €505.7m | €505.9m | = |
| Amounts payable17/49 | €0.8m | €0.1m | €0.03m | ▼ 76.0% |
| Amounts payable within one year42/48 | €0.8m | €0.1m | €0.03m | ▼ 70.9% |
| Trade debts44 | €71 | €0.001m | €0 | ▼ 100% |
| Suppliers440/4 | €71 | €0.001m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €0.006m | €0.03m | €0.03m | ▼ 15.4% |
| Taxes450/3 | €0.003m | €0.03m | €0.03m | ▼ 16.7% |
| Remuneration and social security454/9 | €0.003m | €0.003m | €0.003m | = |
| Other amounts payable47/48 | €0.8m | €0.06m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €0.02m | €0.02m | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €324,911 | €343,444 | €208,546 | ▼ 39.3% |
| + Depreciation and write-downs630 | - | €8,139 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €324,911 | €351,583 | €208,546 | ▼ 40.7% |
| Investment in fixed assets (approximation) | - | -€41,488 | €184,243 | - |
| Change in cash | - | -€316,506 | €2,107 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.