FRO
Holdings
own 2025 accountsThis companyFRO10 holdings, 3 countries
2025 accounts
Belgium 8 Year Equity Result
- BE Actum Services 2025€10.3m result €3.1m (2025)
- BE Gess80% 2025€7.5m result €2.4m (2025)
- BE Indinox89.6% 2025€1.2m result €986,141 (2025)
- BE Atec90% 2025€1.1m result €129,236 (2025)
- BE Centif48% 2025€958,795 result €378,854 (2025)
- BE Magrometal 2025€439,075 result €121,359 (2025)
- BE Tilcon 2025€384,442 result €193,031 (2025)
- BE Actum Building Service 2025€147,778 result €142,107 (2025)
Europe 2 Year Equity Result
- NL Lengkeek Staalbouw 2024€2.2m result €429,148 (2024)
- FR Actum Services France 2024€1.7m result €1.6m (2024)
Source: list of holdings in its own 2025 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group MASC-INVEST Group, risk and exposureParent
DE ACTO
0770.580.470 · 99% of the shares · equity €52.1m · profit €8.7m (2025)
Earlier ties
| V.V.R.M. via PCES, no longer at V.V.R.M. · Manager (not named in the articles) · deed of 09-09-2022 |
founded in 2022 |
| Dvl-Courier via FALCON FUND MANAGEMENT, no longer at Dvl-Courier · Director · deed of 05-01-2024 No longer active |
2 FTE (2024) |
| Mara via FALCON FUND MANAGEMENT, no longer at Mara · Director · deed of 05-01-2024 No longer active |
total assets €168,504 (2024) |
Holdings and subsidiaries
10 holdings · 13 subsidiaries, including indirect onesHoldings 10
Share, source and own figures per holding (10)
Source for every holding own accounts 2025
- ACTUM BUILDING SERVICEsubsidiaryEquity €147,778 Profit of €142,107 in 2025 (loss of €90,535 in 2024) Checked score 84100%
- ACTUM SERVICESsubsidiaryEquity €10.3m Profit of €3.1m in 2025 (profit of €4.3m in 2024) Checked score 95100%
- Equity €1.7mResult €1.6m100%
- Lengkeek StaalbouwNLsubsidiaryEquity €2.2mResult €429,148100%
- MagrometalsubsidiaryEquity €439,075 Profit of €121,359 in 2025 (profit of €253,609 in 2024) Checked score 91100%
- Equity €384,442 Profit of €193,031 in 2025 (loss of €21,325 in 2024) Checked score 83100%
- ATECsubsidiaryEquity €1.1m Profit of €129,236 in 2025 (profit of €615,138 in 2024) Checked score 8090%
- INDINOXsubsidiaryEquity €1.2m Profit of €986,141 in 2025 (profit of €1.9m in 2024) Checked score 9089.6%
- GESSsubsidiaryEquity €7.5m Profit of €2.4m in 2025 (profit of €1.3m in 2024)80%
- Equity €958,795 Profit of €378,854 in 2025 (profit of €260,763 in 2024) Checked score 9248%
All subsidiaries, including indirect ones 13
FRO or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
- ACTUM BUILDING SERVICE 100%
- ACTUM SERVICES 100%
- Actum Services FranceFR 100%
- Lengkeek StaalbouwNL 100%
- Magrometal 100%
- TECHNISCHE INSTALLATIE-, LAS- EN CONSTRUCTIEWERKEN 100%
- ATEC 90%
- INDINOX 89.6%
GESS 80%4 subsidiaries
- General Integrations and Electrical Contracting 100%
- IETNL 100%
VL INVEST 75%1 subsidiary
- VL TECHNICS 100%
Holdings through the years 2006 to 2025
| Name | 2006 | 2007 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| ACTUM BUILDING SERVICE | 100% | ||||||
| ACTUM SERVICES | 100% | ||||||
| Actum Services FranceFR | 100% | ||||||
| Lengkeek StaalbouwNL | 100% | ||||||
| Magrometal | 100% | ||||||
| TECHNISCHE INSTALLATIE-, LAS- EN CONSTRUCTIEWERKEN | 100% | ||||||
| ATEC | 90% | ||||||
| INDINOX | 89.6% | ||||||
| GESS | 80% | ||||||
| CENTIF | 47% | 48% | |||||
| General Integrations and Electrical Contracting | 80% | ||||||
| ONEJOB | 100% | ||||||
| Industriële Elektrotechniek TerneuzenNL | 79.96% | ||||||
| TECHNICS TRAINING SOLUTIONS | 79.57% | ||||||
| TRISLOT | 99.99% | 100% | |||||
Source: list of holdings in its own accounts
Board mandates elsewhere
2 board mandatesBoard mandates of FROFRO sits on their board2
Acquisitions and mergers
1 transactionReceived in a demerger part of:ARTIMMO INVEST
Connections & network
26 connected companiesThis company
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Linked via shared directors
GLOBAL SKILLS
Founded in 2022 · turnover €600,000 (2025) · negative equity · group MASC-INVEST
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DE ACTO HR
Founded in 2022 · turnover €200,000 (2025) · negative equity · group MASC-INVEST
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PRI FENCE
via FALCON FUND MANAGEMENT and STRATINVEST (at FRO until 2024) · Director · deeds of 09-09-2026 and 14-09-2020
Founded in 2007 · total assets €1.6m (2025) · negative equity · group MASC-INVEST
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ECJ Automation
via ACTIMO CONSULTING and FALCON FUND MANAGEMENT · Director (not named in the articles) · deed of 24-09-2025
Founded in 2009 · 1.6 FTE (2025) · negative equity
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Show 22 more companies with a shared director
ONEJOB
via ACTIMO CONSULTING · Director (not named in the articles) · deed of 31-08-2021
Founded in 2010 · 1.1 FTE (2025) · negative equity · group MASC-INVEST
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VIND! HOLDING
Founded in 2022 · turnover €150,000 (2025) · negative equity · group MASC-INVEST
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DE ACTO INVEST
Founded in 2020 · total assets €59.1m (2025) · group MASC-INVEST
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AVTT
via FALCON FUND MANAGEMENT · Director · deed of 17-09-2024
Founded in 2024 · turnover €1.0m (2025) · group MASC-INVEST
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MExT HOLDING
Founded in 2017 · total assets €29.7m (2025) · group MASC-INVEST
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TRISLOT HOLDING
via FALCON FUND MANAGEMENT and STRATINVEST (at FRO until 2024) · Director · deeds of 22-10-2024 and 02-07-2021
Founded in 2015 · 2.9 FTE (2025) · group MASC-INVEST
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J.L. Hertsens
via FALCON FUND MANAGEMENT · Director (not named in the articles) · deed of 23-05-2022
Founded in 1965 · 87 FTE (2025) · group MASC-INVEST
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MDR GROUP
Founded in 2021 · total assets €10.9m (2025) · group MASC-INVEST
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ON TIME SPRINT
via FALCON FUND MANAGEMENT · Director · deed of 22-02-2022
Founded in 2001 · 3.5 FTE (2025) · group MASC-INVEST
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TECHNICS TRAINING SOLUTIONS
via ACTIMO CONSULTING · Director · deed of 24-09-2024
Founded in 2008 · total assets €5.9m (2025) · group MASC-INVEST
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I.C.T. IMMO
via FALCON FUND MANAGEMENT · Managing director · deed of 30-12-2024
Founded in 2021 · total assets €4.1m (2025) · group MASC-INVEST
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JACRIMAR
Founded in 1992 · total assets €3.0m (2025) · group MASC-INVEST
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G & G CONSTRUCT
via FALCON FUND MANAGEMENT · Director (not named in the articles) · deed of 05-01-2024
Founded in 1996 · 24 FTE (2025) · group MASC-INVEST
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D-COAT
via FALCON FUND MANAGEMENT · Director · deed of 21-12-2021
Founded in 2015 · 10 FTE (2025) · group MASC-INVEST
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Mapa Holding
via FALCON FUND MANAGEMENT · Director · deed of 07-10-2025
Founded in 2019 · total assets €1.8m (2025) · group MASC-INVEST
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M.D.R. HOLDING
via FALCON FUND MANAGEMENT and STRATINVEST (at FRO until 2024) · Director · deeds of 31-08-2026 and 31-12-2020
Founded in 2010 · total assets €1.8m (2025) · group MASC-INVEST
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MDR IMMO
via FALCON FUND MANAGEMENT · Managing director · deed of 13-08-2025
Founded in 2019 · total assets €1.3m (2025) · group MASC-INVEST
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GIECINVEST
via ACTIMO CONSULTING · Director (not named in the articles) · deed of 27-12-2022
Founded in 2014 · total assets €684,409 (2025) · group MASC-INVEST
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FENIX TECHNIX
via FALCON FUND MANAGEMENT · Director · deed of 26-05-2025
Founded in 2025 · group MASC-INVEST
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JLH Logistics
via FALCON FUND MANAGEMENT · Director (not named in the articles) · deed of 23-05-2022
No longer active · 28 FTE (2021)
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ATEC IMMO
via ACTIMO CONSULTING · Director (not named in the articles) · deed of 19-11-2020
No longer active · total assets €286,574 (2021)
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Day By Day Courier Service
via FALCON FUND MANAGEMENT · Director · deed of 30-01-2025
No longer active · founded in 1984 · total assets €62,499 (2026) · group MASC-INVEST
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