Equity
-€1.2m
Debts exceed assets in financial year 2025.
FRECo
Lifetime
8 annual accounts with figures on one time axispeak €512,575 (2025)
€512,575▲ 20×
lowest -€550,376 (2021)
-€233,460▲ €296,832
peak €1.1m (2018)
-€1.2m▼ €233,460
€10.1m▲ 13.1%
Board2 names since 2021
1 directorFEMONT Frédéric Peter Alexander
Owners2 names in the annual accounts
32.83%MIERIC and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
2025abbreviated format
Gross margin from €25,319 to €512,575Loss of €233,460Equity from -€1.0m to -€1.2mInvestments €1.3mCash from €73,919 to €97,099
Key points
from the 2025 annual accountsLosses
-€3.4m in eight years
Every financial year from 2018 to 2025 closed with a loss. 2021 was the heaviest.
Turnover
≈ €880,000 estimated
The abbreviated format states no turnover.
Debts
€10.1m 114% of the balance sheet
Financial debts 87%Suppliers 0%Taxes and wages 0%Other 13%
Of this, €3.6m falls due within a year.
Investments
€1.3m 3.9 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 12.3% higher than in 2024.
Position in the sector
-€1.2m
Less equity than 95% of companies in accommodation. Sector median €207,775 · 893 companies.
Checked score
53
Fair
Financially stronger than 19% of small companies in accommodation (NACE 55)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 579 companies (NACE 55, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.6%▲ +0.1 percentage points vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.5%▼ -0.1 percentage points vs 04-2025
06-2025: 1.6%▲ +0.1 percentage points vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025highest value
08-2025: 0.6%▼ -1.0 percentage point vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▼ -0.1 percentage points vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%▲ +0.2 percentage points vs 07-2026
09-2026: 1.2%▲ +0.2 percentage points vs 08-2026
10-2026: 0.4%▼ -0.8 percentage points vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1.2m
Liquidity: current ratio 0.04, cash €97,099
lowers risk
Size: total assets €8.8m
Figures for financial year 2025 (filed on 23-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, small). It does better than 13% of them on solvency, 20% on liquidity, 24% on profitability and 18% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 111 companies had the same profile as FRECo has now. Each dot is one company, two years later.
96.4%
were still trading
2.7%
stopped another way
0.0%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FRECo itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 111 companies, not a prediction for FRECo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.04 (0.05 in 2024), below 1. Short-term debt is 40.8% and cash 1.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
38 days early
2024
28 days early
2023
2 days early
2022
on the day
2021
96 days early
2020
2 days late
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MIERIC 32.83%equity €41.1m (2025) · 2025 annual accounts of MIERIC
- BeView 16.88%score 86equity €563,689 (2025) · 2025 annual accounts of BeView
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0691981073
Environmental permit granted
Functiewijziging · Antwerpen
Resignation: Matthias Geeroms (director)
Director discharge: Matthias Geeroms · General meeting of 16-06-2023 · Gazette deed
Environmental permit granted
Functiewijziging · Antwerpen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRECo Brasschaat | - | - | -14.0% | - |
| PI-HASSELT Hasselt | €2.1m | -10.8% | 78.1% | 3.5 |
| HISTOIRE DEVELOPPEMENT ET PATRIMOINE INTERNATIONAL Oreye | €0.6m | 15.5% | 35.3% | - |
| KONG WAH Zaventem | - | - | -21.2% | - |
| HOTEL ACACIA Oudenburg | - | - | 10.4% | 8.2 |
| WP HOTELS EN EVENTS Antwerp | €6.8m | -7.4% | 44.2% | 32.5 |
| A-Stay Pelikaanstraat Ghent | - | - | 48.1% | 15.2 |
These companies have the same main activity as FRECo: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €5.3m and €10m, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 13-03-2018Normal situation
- Activity
- Hotels and similar accommodationNACE 55100and 6 others
- Establishment unit
- 2.274.487.6722930 Brasschaat, since 13-03-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €8.8m▲ 11.9%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on FRECo
FRECo files the abbreviated format. That format states no turnover. The gross margin rose from €22,755 in 2018 to €512,575 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FRECo
- What is the company number of FRECo?
- The company number of FRECo is 0691.981.073. The VAT number is the same number with BE in front: BE 0691.981.073.
- Where is FRECo based?
- The registered office is at Lage Kaart 79, 2930 Brasschaat.Company details
- What does FRECo do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of FRECo?
- FRECo is a private limited company (BV).
- When was FRECo founded?
- FRECo was founded on 13-03-2018.
- Is FRECo still active?
- Yes, FRECo is an active enterprise in the KBO register.
- What is the turnover of FRECo?
- The turnover in financial year 2025 is ≈ €880,000. This figure is estimated from the gross margin of €512,575 and 34 comparable companies (NACE 55). It probably lies between €740,000 and €1.2m.Financials
- Is FRECo profitable?
- In financial year 2025, FRECo made a loss of €233,460.
- Where can I find the annual accounts of FRECo?
- FRECo filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FRECo due?
- FRECo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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