FREMATO GROUP

Active

Public limited companyfounded 199036 yrs activeBrabantstraat 15, 8790 Waregem, BelgiumKBO/BCE: BE 0439.830.365

Summary

FREMATO GROUP has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47.03M and a net result of €3.33M. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 29% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

65 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability65▼-2

Solvency41▼-2

Growth83▲+1

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity short (current ratio 0.03 against 0.04 in 2024; short-term debt: 17.7% and cash: 0% of total assets), and 83.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

16.5%

Return on assets

1.2%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

14 d early

2024

7 d early

2023

28 d early

2022

10 d early

2021

16 d late

2020

17 d early

2019

28 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€34.00M▲ 27.2%

2024 · €26.73M

2018: €10.14M 2019: €11.79M 2020: €15.19M 2021: €14.12M 2022: €18.07M 2023: €21.11M 2024: €26.73M

2018 → 2025

EBIT margin

35.3%▼ 11.1pp

2024 · 46.4%

2018: -32.0% 2019: -11.3% 2020: 13.8% 2021: 9.1% 2022: 27.2% 2023: 23.7% 2024: 46.4%

2018 → 2025

Net result

€3.33M▼ 35.5%

2024 · €5.17M

2018: €-4.16M 2019: €-2.03M 2020: €939k 2021: €19.65M 2022: €3.88M 2023: €1.58M 2024: €5.17M

2018 → 2025

Working capital

€-48.74M▲ 2.9%

2024 · €-50.18M

2018: €-7.20M 2019: €-33.95M 2020: €-7.21M 2021: €-20.32M 2022: €-4.14M 2023: €-16.36M 2024: €-50.18M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€14.12M-€18.07M▲ 28.0%€21.11M▲ 16.8%€26.73M▲ 26.6%€34.00M▲ 27.2%

Equity€36.87M-€36.95M▲ 0.2%€38.53M▲ 4.3%€43.70M▲ 13.4%€47.03M▲ 7.6%

Operating result€1.29M-€4.91M▲ 281%€5.00M▲ 1.8%€12.40M▲ 148%€12.01M▼ 3.2%

Net result€19.65M-€3.88M▼ 80.3%€1.58M▼ 59.2%€5.17M▲ 227%€3.33M▼ 35.5%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 3% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €285.25M

99.4%

Fixed assets €283.49M ▲ 15.5%

Current assets €1.76M ▼ 8.9%

Equity and liabilities €285.25M

16.5%

83.4%

Equity €47.03M ▲ 7.6%

Provisions €355k ▼ 0.8%

Debt €237.86M ▲ 17.0%

Debt's share of the balance-sheet total rises from 82.2% to 83.4%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€27.48M▲

2024 · €23.77M

Cash flow

€18.81M▲

2024 · €16.54M

Current ratio

0.03▼

2024 · 0.04

Debt to equity

5.06▲

2024 · 4.65

ROE

7.1%▼

2024 · 11.8%

ROA

1.2%▼

2024 · 2.1%

Interest coverage

3.33▼

2024 · 3.58

Debt ≤ 1 year

€50.50M▼

2024 · €52.11M

Debt > 1 year

€186.01M▲

2024 · €150.95M

Income taxes

€1.07M▼

2024 · €1.23M

Staff costs

€456▼

2024 · €5k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 84 lines

Balance sheet Code20242025

Assets

Total assets20/58€247.28M€285.25M▲

Fixed assets21/28€245.35M€283.49M▲

Intangible fixed assets21€65k€141k▲

Tangible fixed assets22/27€220.58M€258.64M▲

Land and buildings22€36.35M€44.21M▲

Plant, machinery and equipment23€448k€332k▼

Furniture and vehicles24€147k€152k▲

Leasing and similar rights25€123.50M€164.48M▲

Other tangible fixed assets26€41.16M€45.78M▲

Assets under construction and advance payments27€18.97M€3.68M▼

Financial fixed assets28€24.71M€24.71M=

Affiliated companies280/1€24.65M€24.65M=

Participating interests280€24.65M€24.65M=

Other financial fixed assets284/8€63k€63k=

Amounts receivable and cash guarantees285/8€63k€63k=

Current assets29/58€1.93M€1.76M▼

Amounts receivable after more than one year29€44k-

Other amounts receivable291€44k-

Amounts receivable within one year40/41€872k€1.21M▲

Trade receivables40€133k€203k▲

Other amounts receivable41€739k€1.01M▲

Cash at bank and in hand54/58€87k€7k▼

Deferred charges and accrued income490/1€925k€538k▼

Equity and liabilities

Total equity and liabilities10/49€247.28M€285.25M▲

Equity10/15€43.70M€47.03M▲

Contributions10/11€433k€433k=

Capital10€433k€433k=

Issued capital100€433k€433k=

Reserves13€20.36M€20.35M=

Non-distributable reserves130/1€43k€43k=

Legal reserve130€43k€43k=

Tax-exempt reserves132€4.50M€4.49M▼

Distributable reserves133€15.82M€15.82M=

Profit (loss) carried forward14€22.91M€26.25M▲

Provisions and deferred taxes16€358k€355k▼

Deferred taxes168€358k€355k▼

Amounts payable17/49€203.22M€237.86M▲

Amounts payable after more than one year17€150.95M€186.01M▲

Financial debts170/4€150.95M€186.01M▲

Leasing and similar obligations172€94.95M€130.01M▲

Other loans174€56.00M€56.00M=

Amounts payable within one year42/48€52.11M€50.50M▼

Current portion of amounts payable after more than one year42€24.58M€26.16M▲

Financial debts43-€2.59M

Credit institutions430/8-€2.59M

Trade debts44€5.16M€2.34M▼

Suppliers440/4€5.16M€2.34M▼

Taxes, remuneration and social security45€54k€12k▼

Taxes450/3€50k€8k▼

Remuneration and social security454/9€4k€4k▲

Other amounts payable47/48€22.31M€19.40M▼

Accrued charges and deferred income492/3€171k€1.34M▲

Income statement Code20242025

Operating income70/76A€34.80M€39.57M▲

Turnover70€26.73M€34.00M▲

Other operating income74€5.54M€5.50M▼

Non-recurring operating income76A€2.53M€71k▼

Operating charges60/66A€22.39M€27.56M▲

Services and other goods61€9.56M€10.52M▲

Remuneration, social security and pensions62€5k€456▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11.37M€15.47M▲

Other operating charges640/8€1.29M€1.56M▲

Non-recurring operating charges66A€170k€2k▼

Operating profit (loss)9901€12.40M€12.01M▼

Financial income75/76B€1.05M€731k▼

Recurring financial income75€1.05M€731k▼

Income from financial fixed assets750€400k€364k▼

Income from current assets751€651k€367k▼

Other financial income752/9€0€89▲

Financial charges65/66B€6.70M€8.34M▲

Recurring financial charges65€6.70M€8.34M▲

Debt charges650€6.63M€8.25M▲

Other financial charges652/9€69k€91k▲

Profit (loss) for the period before taxes9903€6.75M€4.40M▼

Transfer from deferred taxes780-€3k

Transfer to deferred taxes680€358k-

Income taxes67/77€1.23M€1.07M▼

Taxes670/3€1.25M€1.13M▼

Tax adjustments and reversals of tax provisions77€20k€61k▲

Profit (loss) for the period9904€5.17M€3.33M▼

Transfer from tax-exempt reserves789-€9k

Transfer to tax-exempt reserves689€1.07M-

Profit (loss) for the period to be appropriated9905€4.09M€3.34M▼

Appropriation of the result

Profit (loss) to be appropriated9906€22.91M€26.25M▲

Profit (loss) brought forward from the previous period14P€18.81M€22.91M▲

The notes to these accounts (85 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 50Financial 2Gazette 38Filings 10

2026

11-09

State Gazette act Permanent representative: Carine Van Landschoot

Mandate compensation3 facts ▸

General meeting, 26-06-2026
Mandate compensation, Jeannie Williams
Permanent representative, Carine Van Landschoot

17-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

02-12

State Gazette act Resignation: SILEX BV (director)

Director discharge3 facts ▸

General meeting, 04/09/2025
Director resignation, SILEX BV (director)
Director discharge, SILEX BV (director)

04-09

State Gazette act Appointments: WILLIAMS Jeannie Lynn (director) and ARASKO (director)

Permanent representative: RASSCHAERT Anne-Marie Caroline · Statutes amendment7 facts ▸

General meeting, 21/08/2025
Statutes amendment
Statutes amendment
Statutes amendment
Director appointment, WILLIAMS Jeannie Lynn (director)
Director appointment, ARASKO (director)
Permanent representative, RASSCHAERT Anne-Marie Caroline

30-05

State Gazette act Resignations: Paul Thermote (director) and Ellima BV (director)

Reappointment: Paul Thermote (director) · Appointments: INTERVINCO BV (director) and EY Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Carine Van Landschoot, Mark Oosterlinck and 2 others13 facts ▸

General meeting, 28/03/2025
Director resignation, Paul Thermote (director)
Director reappointment, Paul Thermote (director)
Mandate compensation, Paul Thermote
Director appointment, INTERVINCO BV (director)
Permanent representative, Carine Van Landschoot
Mandate compensation, INTERVINCO BV
Director resignation, Ellima BV (director)
Permanent representative, Mark Oosterlinck
Director discharge, Ellima BV
Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Francis Boelens
+1 further facts in this act

23-04

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

25-09

State Gazette act Appointment: Bram Lannoo (dagselijks bestuurder)

Permanent representative: Dominiek Valcke3 facts ▸

General meeting, 02/08/2024
Director appointment, Bram Lannoo (dagselijks bestuurder)
Permanent representative, Dominiek Valcke

25-07

State Gazette act Resignation: RASERVA BV (director)

Permanent representatives: Luc Rasschaert and Mark Oosterlinck · Director discharge5 facts ▸

General meeting, 27/05/2024
Director resignation, RASERVA BV (director)
Director discharge, RASERVA BV (director)
Permanent representative, Luc Rasschaert
Permanent representative, Mark Oosterlinck

24-07

State Gazette act Reappointments: Ellima BV (director) and Silex BV (director)

Permanent representatives: Mark Oosterlinck and Dominiek Valcke5 facts ▸

General meeting, 29/03/2024
Director reappointment, Ellima BV (director)
Permanent representative, Mark Oosterlinck
Director reappointment, Silex BV (director)
Permanent representative, Dominiek Valcke

02-04

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

20-04

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

20-10

State Gazette act Appointment: RASERVA BV (director)

Permanent representative: Luc Rasschaert · Mandate compensation4 facts ▸

General meeting, 28/09/2022
Director appointment, RASERVA BV (director)
Permanent representative, Luc Rasschaert
Mandate compensation, RASERVA BV

Show earlier events

22-06

State Gazette act Appointment: EY Bedrijfsrevisoren BV (statutory auditor)

Permanent representative: Paul Eelen · Power of attorney3 facts ▸

Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Paul Eelen (permanent representative)
Power of attorney, AD-Ministerie BV

16-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 16 days late

2021

28-10

State Gazette act Resignations: Pava Holding NV (director) and Welako BV (director)

3 facts ▸

Shareholder decision, 30/09/2021
Director resignation, Pava Holding NV (director)
Director resignation, Welako BV (director)

30-09

Financial Highest result since 2018net €19.65M ▲1992%

Net result €19.65M, the highest in the series.

22-04

State Gazette act Capital & shares · Statutes amendment · Restructuring

Appointment: EY Bedrijfsrevisoren (statutory auditor) · Demerger · Capital decrease17 facts ▸

General meeting, 26/02/2021
Demerger
Capital decrease, €445.425,8
Capital increase, €445.425,8
Share issue, 28835, e3
Share transfer, Pava Holding → Quertus Group
Share transfer, Elba Invest → Quertus Group
Capital, €432.789,45
Capital, €506.925,8
Statutes amendment
Statutes amendment
Accounting effect, 01/10/2020
+5 further facts in this act

13-04

NBB filing Annual accounts filed

fiscal year 2020 · full schema

29-01

State Gazette act Restructuring

Appointments: Pava Holding NV, Paul Thermote and 5 others · Permanent representatives: Pascal Vanhalst, Dominiek Valcke and 2 others · Demerger35 facts ▸

Demerger
Capital, €878.215,25
Director appointment, Pava Holding NV (director)
Permanent representative, Pascal Vanhalst
Director appointment, Paul Thermote (director)
Director appointment, Silex BV (director)
Permanent representative, Dominiek Valcke
Director appointment, Welako BV (director)
Permanent representative, John Laebens
Director appointment, Ellima BV (director)
Permanent representative, Mark Oosterlinck
Auditor appointment, EY Bedrijfsrevisoren (statutory auditor)
+23 further facts in this act

2020

21-10

State Gazette act Resignation: Nohlen NV (director)

Appointment: Pava Holding (director) · Permanent representatives: Pascal Vanhalst, John Laebens and Mark Oosterlinck · Mandate compensation7 facts ▸

General meeting, 31-07-2020
Director resignation, Nohlen NV (director)
Director appointment, Pava Holding (director)
Permanent representative, Pascal Vanhalst
Mandate compensation, Pava Holding
Permanent representative, John Laebens
Permanent representative, Mark Oosterlinck

30-09

Financial Back to profitnet €939k

Net result €939k after 2 loss-making years.

02-04

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

17-09

State Gazette act Appointment: Ellima (director)

Permanent representative: Mark Oosterlinck · Mandate compensation4 facts ▸

General meeting, 01/08/2019
Director appointment, Ellima (director)
Permanent representative, Mark Oosterlinck
Mandate compensation, Ellima

30-04

State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren CVBA (statutory auditor)

Permanent representative: Paul Eelen · Resignation: Paul Thermote (director) · Reappointment: Paul Thermote (director)5 facts ▸

General meeting, 29/03/2019
Auditor appointment, Ernst & Young Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative, Paul Eelen
Director resignation, Paul Thermote (director)
Director reappointment, Paul Thermote (director)

04-04

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

14-12

State Gazette act Permanent representatives: John Laebens and Dominiek Valcke

Mandate compensation4 facts ▸

General meeting, 19/11/2018
Mandate compensation, Welako BVBA
Permanent representative, John Laebens
Permanent representative, Dominiek Valcke

13-04

State Gazette act Resignation: Paul Thermote (managing director)

Permanent representatives: Dominiek Valcke and John Laebens4 facts ▸

Board meeting, 26-02-2018
Director resignation, Paul Thermote (managing director)
Permanent representative, Dominiek Valcke
Permanent representative, John Laebens

03-04

NBB filing Annual accounts filed

fiscal year 2017 · full schema

26-03

State Gazette act Resignations: DE MEESTER Bernard (director) and VANHALST Pascal (director)

Appointments: SILEX (director) and WELAKO (director) · Permanent representatives: VALCKE Dominiek Joseph Gustaaf and LAEBENS John Aimé André Marcel · Capital17 facts ▸

General meeting, 26/02/2018
Capital, €878.215,25
Statutes amendment
Statutes amendment
Director resignation, DE MEESTER Bernard (director)
Director resignation, VANHALST Pascal (director)
Director discharge, DE MEESTER Bernard
Director discharge, VANHALST Pascal
Director resignation, DE MEESTER Bernard (managing director)
Director resignation, VANHALST Pascal (managing director)
Mandate compensation, NOHLEN
Director appointment, SILEX (director)
+5 further facts in this act

2017

10-07

State Gazette act Appointment: NOHLEN (director)

Permanent representative: Pascal Vanhaist · Mandate compensation4 facts ▸

General meeting, 30 juni 2017
Director appointment, NOHLEN (director)
Permanent representative, Pascal Vanhaist
Mandate compensation, NOHLEN

24-04

State Gazette act Resignation: Dominiek Valcke (director)

2 facts ▸

General meeting, 03/03/2017
Director resignation, Dominiek Valcke (director)

21-03

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

30-12

State Gazette act Miscellaneous

General meeting1 fact ▸

General meeting, 13 december 2016

09-12

State Gazette act Appointment: Dominiek Valcke (director)

Mandate compensation3 facts ▸

Written resolution, 4 november 2016
Director appointment, Dominiek Valcke (director)
Mandate compensation, Dominiek Valcke

05-12

State Gazette act Capital & shares

General meeting1 fact ▸

General meeting, 08/11/2016

11-05

State Gazette act Appointment: CVBA Emst & Young Bedrijfsrevisoren (statutory auditor)

Permanent representative: Paul Eelen · Resignation: FREMATO GROUP (director)4 facts ▸

General meeting, 15/03/2016
Auditor appointment, CVBA Emst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representative, Paul Eelen
Director resignation, FREMATO GROUP

2015

13-04

State Gazette act Resignation: CVBA Ernst & Young Bedrijfsrevisoren (statutory auditor)

Reappointment: CVBA Ernst & Young Bedrijfsrevisoren (statutory auditor) · Permanent representative: Paul Eelen5 facts ▸

General meeting, 26/03/2015
Director resignation, CVBA Ernst & Young Bedrijfsrevisoren (statutory auditor)
Director reappointment, CVBA Ernst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representative, Paul Eelen
Permanent representative, Paul Eelen

2013

25-10

State Gazette act Permanent representative: Paul Eelen

Resignation: Jan De Luyck (permanent representative)3 facts ▸

Board meeting, 06/09/2013
Permanent representative, Paul Eelen (permanent representative)
Director resignation, Jan De Luyck (permanent representative)

08-10

State Gazette act Reappointments: Paul Thermote, Bernard De Meester and Pascal Vanhalst

Appointments: Paul Thermote, Bernard De Meester and Pascal Vanhalst · Mandate compensation15 facts ▸

General meeting, 28 maart 2013
Board meeting, 28 maart 2013
Director reappointment, Paul Thermote (director)
Director reappointment, Bernard De Meester (director)
Director reappointment, Pascal Vanhalst (director)
Mandate compensation, Paul Thermote
Mandate compensation, Bernard De Meester
Mandate compensation, Pascal Vanhalst
Director appointment, Paul Thermote (managing director)
Director appointment, Paul Thermote (chair of the board)
Director appointment, Bernard De Meester (managing director)
Director appointment, Pascal Vanhalst (managing director)
+3 further facts in this act

2012

09-11

State Gazette act Capital & shares · Restructuring

Merger · Dissolution3 facts ▸

General meeting, 28/09/2012
Merger
Dissolution, 28-09-2012

11-04

State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)

Permanent representative: Jan De Luyck3 facts ▸

General meeting, 22 maart 2012
Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Permanent representative, Jan De Luyck

28-03

State Gazette act Restructuring

Merger · Capital · Accounting effect7 facts ▸

Merger
Capital, €909.883,41
Capital, €25.000
Accounting effect, 01/10/2011
Real estate, Langestee sectie B, nummer 339A; Kwalestraat +65A sectie B, nummer 156L; Kwalestraat sectie B, nummer 156M
Statutory auditor, e7
Shareholding, 100

2011

16-06

State Gazette act Capital & shares · Purpose · Restructuring

Appointment: Ernst & Young Bedrijfsrevisoren (statutory auditor) · Demerger · Capital increase24 facts ▸

General meeting, 19/05/2011
Demerger, Partiële splitsing door overgang van de Bedrijfstak Vastgoed
Capital increase, €301.633,21
Share issue, 1, A
Share issue, 1, B
Share issue, 2090, 1.045 A, 1.045 B
Accounting effect, 01/10/2010
Demerger, Partiële splitsing door overgang van de Bedrijfstak Vastgoed
Capital increase, €75.354,34
Share issue, 1, A
Share issue, 1, B
Share issue, 21460, 10.730 A, 10.730 B
+12 further facts in this act

16-06

State Gazette act Capital & shares · Statutes amendment · Restructuring

Demerger · Accounting effect · Capital decrease10 facts ▸

General meeting, 19/05/2011
Demerger, Partiële splitsing door overgang van de Bedrijfstak Holding van de Vennootschap naar de Overnemende Vennootschap
Accounting effect, 01/10/2010
Capital decrease, €31.668,16
Capital, €878.215,25
Share issue, 808
Power of attorney, John Aimé André Marcel LAEBENS
Net contribution value, 976.583,78 EUR
Profit participation date, 01/10/2010
Share exchange exception, 24.772, 1.998

29-03

State Gazette act Restructuring

Demerger4 facts ▸

Demerger, THERMOTE & VANHALST NV
Demerger, TVH PARTS NV
Demerger, TVH RENTAL EQUIPMENT NV
Demerger

2010

05-08

State Gazette act Statutes amendment

5 facts ▸

General meeting, 30/06/2010
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment

15-07

State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)

Permanent representative: Jan De Luyck3 facts ▸

General meeting, 29/05/2009
Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Permanent representative, Jan De Luyck

31-05

State Gazette act Restructuring

Demerger4 facts ▸

Demerger, THERMOTE & VANHALST NV
Demerger, TVH FORKLIFT PARTS NV
Demerger, TVH RENTAL EQUIPMENT NV
Demerger

2007

26-07

State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)

Permanent representatives: Rosita Van Maele and Jan De Luyck4 facts ▸

General meeting, 25/06/2007
Auditor appointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representative, Rosita Van Maele (vertegenwoordiger commissaris)
Permanent representative, Jan De Luyck (vertegenwoordiger commissaris)

2004

26-07

State Gazette act Reappointments: Paul Thermote, Pascal Vanhalst and Bernard De Meester

Registered-office move · Statutes amendment6 facts ▸

Registered-office move, 8790 Waregem, Brabantstraat 15
Statutes amendment
Statutes amendment
Director reappointment, Paul Thermote (director)
Director reappointment, Pascal Vanhalst (director)
Director reappointment, Bernard De Meester (director)

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 directors, no change since 2025

Arasko

Director · since 21-08-2025 · Limited partnership · perm. rep.: RASSCHAERT Anne-Marie Caroline

Current

WILLIAMS Jeannie Lynn

Director · since 21-08-2025

Current

INTERVINCO

Director · since 01-04-2025 · Private limited company · perm. rep.: Carine Van Landschoot

Current

Bram Lannoo

Dagselijks bestuurder · since 01-07-2024

Current

RASERVA

Director · since 01-10-2022 · Private limited company · perm. rep.: Luc Rasschaert

Current

Ellima

Director · since 01-08-2019 · Private limited company · perm. rep.: Mark Oosterlinck

Current

4 other directors

SILEX

Director · since 26-02-2018 · Private limited company · perm. rep.: VALCKE Dominiek Joseph Gustaaf

Current

Paul Thermote

Director · since 25-06-2004

Current

WELAKO

Director · since 26-02-2018 · Private limited company · perm. rep.: LAEBENS John Aimé André Marcel

Not recently confirmed

NOHLEN

Director · since 01-07-2017 · Public limited company · perm. rep.: Pascal Vanhaist

Not recently confirmed

02-12-2025 SILEX BV: Resigned as Director

21-08-2025 Arasko: Appointed as Director

21-08-2025 WILLIAMS Jeannie Lynn: Appointed as Director

30-05-2025 Paul Thermote: Reappointed as Director

01-04-2025 INTERVINCO: Appointed as Director

Full history in the Timeline (42 changes) →

Location & real-estate footprint

Registered office, Waregem · 5 establishment units since 1990

establishment All 5 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Brabantstraat 158790 Waregem

Ground area

15.8 ha

Building footprint

11.8 ha

Volume, LiDAR

689,333 m³

5 parcels, Flanders · tallest building 50.4 m, ±5 floors. Linked by address, not a title deed.

5 establishment units

FREMATO GROUP

Driemasten 120, 8560 WevelgemNACE 7012001

since 19902.047.269.033

FREMATO GROUP

Brabantstraat 15, 8790 WaregemNACE 7012001

since 20062.153.757.811

FREMATO GROUP

Mannebeekstraat 2, 8790 WaregemNACE 7012001

since 20062.153.758.405

FREMATO GROUP

Brabantstraat 43-45, 8790 WaregemRenting and operating of own or leased non-residential real estate, excluding land

since 20112.231.910.612

FREMATO GROUP

Vichtseweg 129, 8790 WaregemFinancial service activities, except insurance and pension funding

since 20162.259.224.723

5 parcels

Flanders 5 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34453F0766/00G000	Flanders	5.8 ha	1 · 4.2 ha	50.4 m · 2 fl.
34453F1100/00B000	Flanders	4.4 ha	1 · 4.1 ha	-
34453F1108/00D000	Flanders	4.3 ha	1 · 2.1 ha	17.1 m · 5 fl.
34453F0841/00E000	Flanders	1.2 ha	1 · 1.3 ha	15.1 m · 2 fl.
34012A0472/00V000	Flanders	689 m²	1 · 90 m²	8.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 4

5 of 5 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor

Ernst et Young Reviseurs d'EntreprisesCurrent

Statutory auditor · represented by Francis Boelens

22-06-2022 → present

Show 5 earlier auditors

Emst & Young Bedrijfsrevisoren CVBA Statutory auditor · represented by Paul Eelen succeeded by EY Bedrijfsrevisoren in 2021	11-05-2016 → 29-01-2021
Ernst & Young Bedrijfsrevisoren Auditor · represented by e11 succeeded by Ernst & Young Bedrijfsrevisoren BCVBA in 2010	26-07-2007 → 15-07-2010
Ernst & Young Bedrijfsrevisoren BCVBA Statutory auditor · represented by Jan De Luyck succeeded by Ernst & Young Bedrijfsrevisoren CVBA in 2015	15-07-2010 → 26-03-2015
Ernst & Young Bedrijfsrevisoren CVBA Statutory auditor succeeded by Emst & Young Bedrijfsrevisoren CVBA in 2016	26-03-2015 → 11-05-2016
EY Bedrijfsrevisoren Auditor succeeded by Ernst et Young Reviseurs d'Entreprises in 2022	29-01-2021 → 22-06-2022

Articles of association

Purpose

De samenstelling en het beheer van onroerend vermogen ... [full text of Article 4]

according to the deed of 22-04-2021

Structure & network

Connections & network

7 connected companies

Shared directors

Linked via shared directors

BEPCO PARTS

Shared director

→

BERAN MANAGEMENT

Shared director

→

MATECO BELGIUM

Shared director

→

Silex

Shared director

→

Show 3 more companies with a shared director

TVH PARTS

Shared director

→

TVH Parts Holding

Shared director

→

Wehold

Shared director

→

Ownership & control

1 parent company

Control over this companyparent company per the LEI register1

TVH GLOBAL

Waregem

controls

FREMATO GROUPBE 0439.830.365

Acquisitions and mergers

11 transactions

Took over:FREMATO

BE 0438.714.073State Gazette act of 09-11-2012

Took over:Fremato

BE 0438.714.073proposal · State Gazette act of 28-03-2012

Received in a demerger part of:THERMOTE & VANHALST NV

BE 0412.906.036State Gazette act of 16-06-2011 (3 acts)

Received in a demerger part of:TVH Parts

BE 0425.399.042partial demerger · State Gazette act of 16-06-2011 (4 acts)

Received in a demerger part of:TVH Rental Equipment

BE 0414.262.650State Gazette act of 16-06-2011 (2 acts)

Received in a demerger part of:THERMOTE & VANHALST NV

BE 0412.906.036partial demerger · proposal · State Gazette act of 31-05-2010 (2 acts)

Received in a demerger part of:TVH FORKLIFT PARTS

BE 0425.399.042partial demerger · proposal · State Gazette act of 31-05-2010 (2 acts)

Received in a demerger part of:TVH RENTAL EQUIPMENT NV

BE 0414.262.650partial demerger · proposal · State Gazette act of 31-05-2010 (2 acts)

Split off to:Fremato Equipment

BE 0758.858.417State Gazette act of 22-04-2021 (2 acts)

Split off to:TVH SERVICES NV

BE 0822.308.590State Gazette act of 16-06-2011 (4 acts)

Demerger with:TVH SERVICES NV

BE 0822.308.590demerger · proposal · State Gazette act of 31-05-2010 (2 acts)

Capital and shareholders

Shareholders according to the acts

Share transfer act of 22-04-2021 ↗

Pava Holding to Quertus Group 1 share
Elba Invest to Quertus Group 1 share

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

22-04-2021 Capital reduction of 445,425.80 EUR · to 432,789.45 EUR
29-01-2021 Capital stated in 2 acts · 878,215.25 EUR · 34,778 shares
28-03-2012 Capital stated in the act · 909,883.41 EUR · 34,778 shares
16-06-2011 Capital reduction of 31,668.16 EUR
16-06-2011 Capital increase of 301,633.21 EUR · to 801,633.21 EUR · 2,092 new shares
16-06-2011 Capital increase of 75,354.34 EUR · to 876,987.55 EUR · 21,462 new shares
16-06-2011 Capital increase of 32,895.85 EUR · to 909,883.41 EUR · 1,224 new shares

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 7,753 EUR awarded · 7,753 EUR paid

Year	Entries	awarded	paid
2023	1	5,112 EUR	5,112 EUR
2022	1	2,641 EUR	2,641 EUR

Schemes

Vlaams opleidingsverlof (VOV)

2 entries · 7,753 EUR · 7,753 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

549300JIC20Z23E3BN34

live in the LEI register

Similar companies · same sector, comparable size

Immo Potijzer

BE 0443.831.913

Kortrijk · Eq €47.80M

MAXIGROUPE

BE 0447.873.348

Grez-Doiceau · Eq €46.25M

Getrans

BE 0411.923.564

Aalst · Eq €45.92M

INTERCOMMUNALE DE GESTION IMMOBILIERE LIEGEOISE

Kortemark · Eq €45.16M

Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 607 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded24-01-1990

Fiscal year end31-12

Activities, NACEBEL 2025

68203Renting and operating of own or leased non-residential real estate, excluding land

64210Activities of holding companies

Sources

Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.