FIDES PROJECTS
ActiveSummary
FIDES PROJECTS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€131,160) and a net result of -€8,302. Equity has been shrinking by about 14% per year since 2019. Its solvency ranks better than 5% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-12-2011 Normal situation
- Registered office
- 25 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Development of residential building projects NACE 68121and 4 others
- Establishment unit
- 2.205.594.908 2000 Antwerpen, since 01-01-2012
- Financial year end
- 30 September
- Peppol
- Reachable since 09-12-2025
Board and ownership
- Hofmans Vastgoed Management Comm.VADirector · since 06-12-2011
- Wilms RE-Invest BVDirector · since 06-12-2011
- C.B.I. BVDirector · since 31-03-2014
- FRE DEVELOPMENT90%30-09-2025 annual accounts of FRE DEVELOPMENT
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
- Gross margin
- -€8,151
- Loss
- €8,302
- ▼ 74.7%
- Equity
- -€131,160
- ▼ 6.8%
- Total assets
- €234,332
- ▼ 13.6%
- Negative equity on 30-09-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€131,1601 change of registered office in 24 monthslowers riskSize: total assets €234,332Liquidity: current ratio 0.78, cash €52,163Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 5% of them on solvency, 21% on liquidity, 25% on profitability and 32% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 2 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)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-04-2026 PDF all 13 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is a loss of €8,271, smaller than the loss of €28,243 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30 | €1,592 | €1,702 | - | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €69,420 | -€3,727 | -€2,111 | €0 | - |
| Other operating charges640/8 | - | - | €989 | €970 | €1,549 | €32,533 | €120 | ▼ 99.6% |
| Non-recurring operating charges66A | - | - | €3,436 | €13,697 | - | - | - | - |
| Gross operating margin9900 | €122,344 | -€70,951 | -€153,304 | €461,745 | -€33,143 | €2,178 | -€8,151 | - |
| Operating profit (loss)9901 | €144,295 | -€79,251 | -€159,432 | €377,658 | -€30,965 | -€28,243 | -€8,271 | ▲ 70.7% |
| Financial income75/76B | - | - | €8,706 | €9,078 | €455 | - | - | - |
| Recurring financial income75 | €37,801 | €70,636 | €8,706 | €9,078 | €455 | - | - | - |
| Financial charges65/66B | - | - | €92,376 | €64,888 | €1,092 | €4,619 | €31 | ▼ 99.3% |
| Recurring financial charges65 | €20,180 | €105,405 | €92,376 | €64,888 | €1,092 | €4,619 | €31 | ▼ 99.3% |
| Profit (loss) for the period before taxes9903 | €165,546 | -€114,019 | -€243,101 | €321,848 | -€31,602 | -€32,862 | -€8,302 | ▲ 74.7% |
| Income taxes67/77 | €0 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €165,546 | -€114,019 | -€243,101 | €321,848 | -€31,602 | -€32,862 | -€8,302 | ▲ 74.7% |
| Profit (loss) for the period to be appropriated9905 | €165,546 | -€114,019 | -€243,101 | €321,848 | -€31,602 | -€32,862 | -€8,302 | ▲ 74.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.2m | €1.7m | €2.6m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 13.6% |
| Formation expenses20 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.006m | €0.02m | €0.01m | - | - | - | - | - |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.006m | €0.02m | €0.01m | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | €0.01m | - | - | - | - | - |
| Financial fixed assets28 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €4.2m | €1.7m | €2.6m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 13.6% |
| Stocks and contracts in progress3 | €0.4m | €0.8m | €1.3m | - | - | - | - | - |
| Stocks30/36 | - | - | €0.6m | - | - | - | - | - |
| Contracts in progress37 | - | - | €0.7m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €0.6m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 30.2% |
| Trade receivables40 | - | - | €0.4m | €0.02m | €0.01m | €0.02m | €0.009m | ▼ 42.2% |
| Other amounts receivable41 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 29.5% |
| Current investments50/53 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.8m | €0.2m | €0.7m | €0.1m | €0.05m | €0.01m | €0.05m | ▲ 415% |
| Deferred charges and accrued income490/1 | - | - | €0.005m | €0.004m | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.2m | €1.7m | €2.6m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 13.6% |
| Equity10/15 | -€0.02m | -€0.1m | -€0.4m | -€0.06m | -€0.09m | -€0.1m | -€0.1m | ▼ 6.8% |
| Contributions10/11 | €0.1m | €0 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | -€0.5m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | ▼ 3.6% |
| Provisions and deferred taxes16 | - | - | - | €0.07m | €0.07m | €0.06m | €0.06m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.07m | €0.07m | €0.06m | €0.06m | = |
| Major repairs and maintenance162 | - | - | - | €0.07m | €0.07m | €0.06m | - | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €0.06m | - |
| Amounts payable17/49 | €4.2m | €1.9m | €3.0m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 8.6% |
| Amounts payable after more than one year17 | - | - | €0.4m | - | - | - | - | - |
| Financial debts170/4 | - | - | €0.4m | - | - | - | - | - |
| Amounts payable within one year42/48 | €4.2m | €1.7m | €2.6m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 8.6% |
| Financial debts43 | - | - | €0.1m | - | - | - | - | - |
| Credit institutions430/8 | - | - | €0.1m | - | - | - | - | - |
| Trade debts44 | €0.3m | €0.3m | €0.2m | €0.04m | €0.002m | €0.004m | €0.001m | ▼ 68.9% |
| Suppliers440/4 | - | - | €0.2m | €0.04m | €0.002m | €0.004m | €0.001m | ▼ 68.9% |
| Advances received on contracts in progress46 | - | - | €1.4m | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €0.005m | €0.003m | €0.003m | - | - | - |
| Taxes450/3 | - | - | €0.005m | €0.003m | €0.003m | - | - | - |
| Other amounts payable47/48 | - | - | €0.8m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 7.9% |
| Accrued charges and deferred income492/3 | - | - | €0.003m | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €165,546 | -€114,019 | -€243,101 | €321,848 | -€31,602 | -€32,862 | -€8,302 | ▲ 74.7% |
| + Depreciation and write-downs630 | €30 | €1,592 | €1,702 | - | - | - | - | - |
| Operating cash flow (approximation) | €165,577 | -€112,427 | -€241,399 | €321,848 | -€31,602 | -€32,862 | -€8,302 | ▲ 74.7% |
| Investment in fixed assets (approximation) | - | -€10,610 | €0 | - | - | - | - | - |
| Change in cash | - | -€537,725 | €462,750 | -€554,201 | -€74,356 | -€41,539 | €42,034 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,333 companies had the same profile as FIDES PROJECTS has now. Two years later, 90.5% were still going and 2.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FIDES PROJECTS itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,333 companies, not a prediction for FIDES PROJECTS. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 15-04-2026 | 2026-00079916 | |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00081113 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00074512 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00070629 | |
| 30-09-2021 | abbreviated format | 30-04-2022 | 2022-20019089 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-13300505 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11100507 | |
| 30-09-2018 | abbreviated format | 29-04-2019 | 2019-11200515 | |
| 30-09-2017 | abbreviated format | 30-04-2018 | 2018-11100208 | |
| 30-09-2016 | abbreviated format | 03-05-2017 | 2017-10800098 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- FRE DEVELOPMENT
- FIDES PROJECTS
Owners 1
- FRE DEVELOPMENTparentEquity -€79,486 Profit of €1,472 in 2025 (profit of €1,591 in 2024)90%
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Hofmans Vastgoed Management Comm.VA |
|
| Wilms RE-Invest BV |
|
| C.B.I. BV |
|
Network & group
Companies at the same address
24 other companies- DE KARRE DEVELOPMENT Registered office · since 2025 1021426529
- Ro2.Studio Registered office · since 2025 1018691030
- Euro BBB Registered office · since 2023 0803563440
- Emiel Development Registered office · since 2023 0799716795
- BRIDGE DEVELOPMENT Registered office · since 2019 0731889546
- CUTTING EDGE TECHNOLOGIES Establishment · since 2019 0702989286
- Rumst 19 grond Registered office · since 2019 0727703601
- Sophie Development Registered office · since 2018 0690947331
- Subland Registered office · since 2018 0690947034
- De tijdelijke handelsvennootschap GRONDBANK 17 Registered office · since 2017 0738680635
Connections & network
3 current directorsThe network starts from the directors of FIDES PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-05
Gazette deed
Registered office moved within AntwerpenNew seat: Plantinkaai 1/105, 2000 Antwerpen · Previous seat: Sint-Jansvliet 2/6, 2000 Antwerpen · Power of attorney5 points ▸
- Board meeting, 21-04-2025
- Registered-office move, Plantinkaai 1/105, 2000 Antwerpen
- Other provision, 11-05-2023
- Power of attorney, VDV consultants Burgerlijke Vennootschap o.v.v. een Besloten Vennootschap met Beperkte Aansprakelijkheid
- Power of attorney, Marc Van Gysel
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0842.150.931
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11804D3418/00B000 | Flanders | 721 m² | 1 · 720 m² | 26.5 m · 7 |