Turnover
≈ €250,000 estimated
The accounts state no turnover.
FRE-MAX
Lifetime
14 annual accounts with figures on one time axispeak €1.5m (2020)
€139,998▼ 0.2%
lowest -€108,714 (2012)
€1,513▲ €5,554
peak €1.3m (2020)
€1.2m▲ 0.1%
€108▼ 99.9%
peak 9.7 FTE (2020)
-not published
Board3 names since 2020
2 directorsNOLF Dirk Etienne and 1 other
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Back to profit: €1,513Debts from €100,031 to €108
Key points
from the 2025 annual accountsFilings
14 annual accounts since 2012
The 2021 accounts came 25 days late. The other nine of the last ten were filed on time.
Position in the sector
100.0%
Higher solvency than 95% of companies in real estate. Sector median 28.9% · 17,190 companies.
Checked score
96
Excellent
Financially stronger than 66% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: 0.1%▲ +0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €1.2m
Figures for financial year 2025 (filed on 22-07-2026)
Equity €1.2m (100.0% of total assets)
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 91% of them on solvency, 73% on liquidity, 56% on profitability and 46% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 6,049 companies had the same profile as FRE-MAX has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of FRE-MAX itself: < 0.1% 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 6,049 companies, not a prediction for FRE-MAX. 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
Credit of up to €110,000 on 30-day terms is acceptable
Short-term debt is 0% and cash 9% of total assets. 0% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
29 days early
2023
29 days early
2022
32 days early
2021
25 days late
2020
32 days early
2019
20 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 18 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0839800363
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Waregem
Merger: FRE-MAX takes over DIJOTEX
Resignations: NOLF Dirk Etienne, VANDENBROEKE Kürt Duo August and FRE-MAX · Permanent representative: NOLF Dirk Etienne · Reappointments: NOLF Dirk Etienne (director) and VANDENBROEKE Kürt Duo August (director) · Gazette deed
Merger proposal: FRE-MAX takes over BV DIJOTEX
Permanent representative: Dirk Nolf · The company holds all the shares of BV DIJOTEX · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRE-MAX Wortegem-Petegem | €1.2m | €139,998 | 100.0% | - |
| Le Bain Nazareth-De Pinte | €1.3m | €145,515 | 24.7% | - |
| PatriNotas Ghent | €1.2m | €129,475 | 33.9% | 0 |
| HAYA INVEST Ninove | €1.3m | €145,658 | 30.8% | 2.9 |
| RAEMDONCK INVEST Zele | €1.1m | €116,585 | 83.9% | - |
| GALLES Lochristi | €1.3m | €174,527 | 18.5% | - |
| IDEE VASTGOED Merelbeke-Melle | €1.2m | €195,377 | 46.1% | - |
These companies have the same main activity as FRE-MAX: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.1m and €1.3m, founded between 2011 and 2012.
Official details
Source: KBO- Status
- Active since 30-09-2011Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 4 others
- Establishment unit
- 2.242.779.4619790 Wortegem-Petegem, since 30-09-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 12-03-2024
Annual accounts 2025
- €1.2m▼ 7.5%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on FRE-MAX
FRE-MAX files the micro format. That format states no turnover. The gross margin rose from €2,139 in 2012 to €139,998 in 2025.
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 FRE-MAX
- What is the company number of FRE-MAX?
- The company number of FRE-MAX is 0839.800.363. The VAT number is the same number with BE in front: BE 0839.800.363.
- Where is FRE-MAX based?
- The registered office is at Gaverstraat (W.) 6, 9790 Wortegem-Petegem.Company details
- What does FRE-MAX do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of FRE-MAX?
- FRE-MAX is a private limited company (BV).
- When was FRE-MAX founded?
- FRE-MAX was founded on 30-09-2011.
- Is FRE-MAX still active?
- Yes, FRE-MAX is an active enterprise in the KBO register.
- How many employees does FRE-MAX have?
- FRE-MAX had an average of 9.7 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of FRE-MAX?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €139,998 and 49 comparable companies (NACE 681). It probably lies between €190,000 and €470,000.
- Is FRE-MAX profitable?
- In financial year 2025, FRE-MAX made a profit of €1,513.
- Where can I find the annual accounts of FRE-MAX?
- FRE-MAX filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FRE-MAX due?
- FRE-MAX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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