C&M FRERE CONSTRUCT
ActiveSummary
C&M FRERE CONSTRUCT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,000 and a net result of €90,322. Equity is shrinking by ~26.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 27% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency30▲+4
Growth58=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
5.2%
Return on assets
233.7%
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 05-05-2026, 87 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
87 d early
2024
99 d early
2023
50 d early
2022
41 d early
2021
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 68 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,000=
2024 · €2,000
Total assets
€38,655▼ 71.4%
2024 · €135,110
Net result
€90,322▲ 25.7%
2024 · €71,877
Working capital
-€1,725▲ 23.9%
2024 · -€2,267
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,538-€65,144▲ 165%€80,636▲ 23.8%€90,809▲ 12.6%€114,250▲ 25.8%
Net result€19,395within the sector's middle half-€50,373above the sector's middle half▲ 160%€63,286above the sector's middle half▲ 25.6%€71,877above the sector's middle half▲ 13.6%€90,322above the sector's middle half▲ 25.7%
Equity€21,395within the sector's middle half-€71,768within the sector's middle half▲ 235%€135,054within the sector's middle half▲ 88.2%€2,000below the sector's middle half▼ 98.5%€2,000below the sector's middle half=
Total assets€29,618below the sector's middle half-€88,685below the sector's middle half▲ 199%€147,238below the sector's middle half▲ 66.0%€135,110below the sector's middle half▼ 8.2%€38,655below the sector's middle half▼ 71.4%
Debt€8,223-€16,917▲ 106%€12,184▼ 28.0%€133,110▲ 992%€36,655▼ 72.5%
Working capital€19,332within the sector's middle half-€63,371within the sector's middle half▲ 228%€128,366above the sector's middle half▲ 103%-€2,267within the sector's middle half-€1,725within the sector's middle half▲ 23.9%
Solvency72.2%above the sector's middle half-80.9%above the sector's middle half▲ 8.7pp91.7%above the sector's middle half▲ 10.8pp1.5%below the sector's middle half▼ 90.2pp5.2%within the sector's middle half▲ 3.7pp
Current ratio3.35above the sector's middle half-4.75above the sector's middle half▲ 1.3911.54above the sector's middle half▲ 6.790.98within the sector's middle half▼ 10.550.95within the sector's middle half▼ 0.03
Return on assets (ROA)65.5%above the sector's middle half-56.8%above the sector's middle half▼ 8.7pp43.0%above the sector's middle half▼ 13.8pp53.2%above the sector's middle half▲ 10.2pp233.7%above the sector's middle half▲ 180.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,655
Fixed assets
€3,725 ▼ 12.7%
Current assets
€34,930 ▼ 73.3%
Equity and liabilities €38,655
Equity
€2,000 =
Debt
€36,655 ▼ 72.5%
Debt's share of the balance-sheet total falls from 98.5% to 94.8%. Debt is lower.
Key figures and ratios
EBITDA
€116,163▲
2024 · €93,230
Cash flow
€92,235▲
2024 · €74,298
Debt to equity
18.33▼
2024 · 66.56
Interest coverage
670.18▼
2024 · 2268.37
Debt ≤ 1 year
€36,655▼
2024 · €133,110
Income taxes
€25,684▲
2024 · €18,891
Staff costs
€2,240▲
2024 · €1,444
A ratio outside any meaningful range has been withheld (balance sheet total €38,655, equity €2,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €656 | €1,673 | €1,944 | €1,444 | €2,240 | ▲ 55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73 | €1,609 | €2,420 | €2,421 | €1,913 | ▼ 21.0% |
| Other operating charges640/8 | €104 | - | €99 | €247 | - | - |
| Gross operating margin9900 | €25,371 | €68,426 | €85,099 | €94,921 | €118,403 | ▲ 24.7% |
| Operating profit (loss)9901 | €24,538 | €65,144 | €80,636 | €90,809 | €114,250 | ▲ 25.8% |
| Financial income75/76B | €80 | - | - | - | €1,929 | - |
| Recurring financial income75 | €80 | - | - | - | €1,929 | - |
| Financial charges65/66B | €30 | €22 | €37 | €41 | €173 | ▲ 322% |
| Recurring financial charges65 | €30 | €22 | €37 | €41 | €173 | ▲ 322% |
| Profit (loss) for the period before taxes9903 | €24,587 | €65,122 | €80,599 | €90,768 | €116,005 | ▲ 27.8% |
| Income taxes67/77 | €5,192 | €14,749 | €17,313 | €18,891 | €25,684 | ▲ 36.0% |
| Profit (loss) for the period9904 | €19,395 | €50,373 | €63,286 | €71,877 | €90,322 | ▲ 25.7% |
| Profit (loss) for the period to be appropriated9905 | €19,395 | €50,373 | €63,286 | €71,877 | €90,322 | ▲ 25.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,618 | €88,685 | €147,238 | €135,110 | €38,655 | ▼ 71.4% |
| Fixed assets21/28 | €2,063 | €8,397 | €6,688 | €4,267 | €3,725 | ▼ 12.7% |
| Tangible fixed assets22/27 | €2,063 | €8,397 | €6,688 | €4,267 | €3,725 | ▼ 12.7% |
| Plant, machinery and equipment23 | - | €3,545 | €3,423 | €2,529 | €2,958 | ▲ 16.9% |
| Furniture and vehicles24 | €2,063 | €4,852 | €3,265 | €1,738 | €767 | ▼ 55.9% |
| Current assets29/58 | €27,556 | €80,288 | €140,550 | €130,843 | €34,930 | ▼ 73.3% |
| Amounts receivable within one year40/41 | €1,308 | €166 | - | €1,109 | €22,889 | ▲ 1,965% |
| Trade receivables40 | - | €166 | - | - | €21,780 | - |
| Other amounts receivable41 | €1,308 | - | - | €1,109 | €1,109 | = |
| Cash at bank and in hand54/58 | €26,248 | €80,122 | €140,550 | €129,735 | €10,269 | ▼ 92.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,773 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,618 | €88,685 | €147,238 | €135,110 | €38,655 | ▼ 71.4% |
| Equity10/15 | €21,395 | €71,768 | €135,054 | €2,000 | €2,000 | = |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €19,395 | €69,768 | €133,054 | - | - | - |
| Distributable reserves133 | €19,395 | €69,768 | €133,054 | - | - | - |
| Amounts payable17/49 | €8,223 | €16,917 | €12,184 | €133,110 | €36,655 | ▼ 72.5% |
| Amounts payable within one year42/48 | €8,223 | €16,917 | €12,184 | €133,110 | €36,655 | ▼ 72.5% |
| Trade debts44 | €190 | €619 | €2,296 | €23 | €51 | ▲ 126% |
| Suppliers440/4 | €190 | €619 | €2,296 | €23 | €51 | ▲ 126% |
| Taxes, remuneration and social security45 | €8,034 | €15,717 | €9,268 | €9,126 | €18,369 | ▲ 101% |
| Taxes450/3 | €8,034 | €15,717 | €9,268 | €9,126 | €18,369 | ▲ 101% |
| Other amounts payable47/48 | - | €581 | €620 | €123,962 | €18,235 | ▼ 85.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,395 | €50,373 | €63,286 | €71,877 | €90,322 | ▲ 25.7% |
| + Depreciation and write-downs630 | €73 | €1,609 | €2,420 | €2,421 | €1,913 | ▼ 21.0% |
| Operating cash flow (approximation) | €19,468 | €51,982 | €65,706 | €74,298 | €92,235 | ▲ 24.1% |
| Investment in fixed assets (approximation) | - | -€7,943 | -€711 | €0 | -€1,371 | - |
| Change in cash | - | €53,875 | €60,427 | -€10,815 | -€119,466 | ▼ 1,005% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €90,322 ▲25.7%
Operating result €114,250, net result €90,322, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 11.54
Current ratio from 4.75 to 11.54; short-term debt falls from €16,917 to €12,184.
31-12
Financial
Equity above €100,000Eq €135,054 ▲88.2%
3 profitable years in a row build equity to €135,054.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-10
State Gazette act
General meeting · Statutes amendment
Director resignation · Director discharge
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Dalhem · 1 establishment unit since 2021
Ground area
1,897 m²
Building footprint
165 m²
Volume, LiDAR
864 m³
Parcel 62114A0892/00P002, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
C&M Frere Construct
since 20212.320.078.464
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62114A0892/00P002 | Wallonia | 1,897 m² | 1 · 165 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,394. 216 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
64999Other financial services
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770626594
Also
9925:BE0770626594
Registered
20-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.