AD FREM
ActiveSummary
AD FREM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €110k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-4
Solvency53▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.56 in 2024; short-term debt: 34.2% and cash: 55.2% of total assets), but 72.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.8%
Return on assets
29.1%
Age of the figures
9 mo
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 13-04-2026, 109 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
109 d early
2024
3 d early
2023
119 d early
2022
160 d early
2021
153 d early
2020
31 d early
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€105k=
2024 · €105k
2019: €20k
2020: €63k
2021: €232k
2022: €171k
2023: €10k
2024: €105k
2019 → 2025
Total assets
€376k▼ 4.0%
2024 · €392k
2019: €140k
2020: €277k
2021: €475k
2022: €384k
2023: €350k
2024: €392k
2019 → 2025
Net result
€110k▲ 12.9%
2024 · €97k
2019: €30k
2020: €43k
2021: €168k
2022: €39k
2023: €59k
2024: €97k
2019 → 2025
Working capital
€97k▲ 29.3%
2024 · €75k
2019: €4k
2020: €13k
2021: €172k
2022: €96k
2023: €-62k
2024: €75k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€232k-€171k▼ 26.3%€10k▼ 94.1%€105k▲ 946%€105k=
Operating result€189k-€98k▼ 48.3%€128k▲ 30.6%€165k▲ 28.7%€196k▲ 19.0%
Net result€168k-€39k▼ 76.8%€59k▲ 51.5%€97k▲ 64.0%€110k▲ 12.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376k
Fixed assets
€151k ▼ 17.4%
Current assets
€225k ▲ 7.7%
Equity and liabilities €376k
Equity
€105k =
Debt
€272k ▼ 5.5%
Debt's share of the balance-sheet total falls from 73.3% to 72.2%. Debt is lower.
Key figures and ratios
EBITDA
€229k▲
2024 · €200k
Cash flow
€143k▲
2024 · €133k
Current ratio
1.75▲
2024 · 1.56
Debt to equity
2.60▼
2024 · 2.75
ROE
104.8%▲
2024 · 92.8%
ROA
29.1%▲
2024 · 24.8%
Interest coverage
4.28▼
2024 · 4.89
Debt ≤ 1 year
€129k▼
2024 · €135k
Debt > 1 year
€117k▼
2024 · €130k
Income taxes
€33k▲
2024 · €27k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€392k€376k▼
Fixed assets21/28€183k€151k▼
Intangible fixed assets21€23k€18k▼
Tangible fixed assets22/27€160k€133k▼
Plant, machinery and equipment23€375-
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€155k€131k▼
Current assets29/58€209k€225k▲
Amounts receivable within one year40/41€29k€16k▼
Trade receivables40€15k€10k▼
Other amounts receivable41€14k€7k▼
Cash at bank and in hand54/58€177k€208k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€392k€376k▼
Equity10/15€105k€105k=
Contributions10/11€10k€10k=
Reserves13€95k€95k=
Distributable reserves133€95k€95k=
Amounts payable17/49€288k€272k▼
Amounts payable after more than one year17€130k€117k▼
Financial debts170/4€130k€117k▼
Amounts payable within one year42/48€135k€129k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€9k€19k▲
Taxes450/3€9k€19k▲
Other amounts payable47/48€106k€93k▼
Accrued charges and deferred income492/3€23k€27k▲
Income statement
Code20242025
Non-recurring operating income76A-€16k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€33k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€202k€231k▲
Operating profit (loss)9901€165k€196k▲
Financial income75/76B€50€9▼
Recurring financial income75€50€9▼
Financial charges65/66B€41k€53k▲
Recurring financial charges65€41k€53k▲
Profit (loss) for the period before taxes9903€124k€142k▲
Income taxes67/77€27k€33k▲
Profit (loss) for the period9904€97k€110k▲
Profit (loss) for the period to be appropriated9905€97k€110k▲
Appropriation of the result
Profit (loss) to be appropriated9906€97k€110k▲
Transfer to equity691/2€95k-
To other reserves6921€95k-
Profit to be distributed694/7€3k€110k▲
Return on contributions (dividend)694-€110k
Directors or managers695€3k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.56
Current ratio from 0.69 to 1.56; short-term debt falls from €197k to €135k.
31-12
Financial
Equity above €100kEq €105k ▲946%
6 profitable years in a row build equity to €105k.
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €168k ▲291%
Net result €168k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 5.15
Current ratio from 1.18 to 5.15; short-term debt falls from €71k to €41k.
31-12
Financial
Equity above €200kEq €232k ▲265%
3 profitable years in a row build equity to €232k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Temse · 2 establishment units since 2019
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.
Parklaan 509140 TemseGround area
1,570 m²
Building footprint
402 m²
Volume, LiDAR
3,260 m³
2 parcels, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
AD FREM
since 20192.291.301.930
AD FREM
since 20212.324.447.325
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D1385/00G000 | Flanders | 1,118 m² | 1 · 222 m² | 6.7 m · 2 fl. |
| 46025B0742/00X002 | Flanders | 452 m² | 1 · 180 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,919 EUR awarded · 1,919 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 287 EUR | 287 EUR |
| 2024 | 1 | 155 EUR | 155 EUR |
| 2023 | 1 | 230 EUR | 230 EUR |
| 2022 | 1 | 1,247 EUR | 1,247 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900OLO5SUAZFOW881
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Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 7,548 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 formPrivate limited company
Founded17-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.