FR ENGINEERING & DEVELOPMENT CONSULTANCY
ActiveFR ENGINEERING & DEVELOPMENT CONSULTANCY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-6k) and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 16906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
15
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▲+15
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.82 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-16.1%
Return on assets
-42.6%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€6k
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
57 d early
2023
30 d late
2022
67 d late
2021
39 d late
2020
38 d late
2019
14 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-6k
2024 · €9k
2018: €33k
2019: €1k
2020: €5k
2021: €20k
2022: €72k
2023: €76k
2024: €9k
2018 → 2025
Total assets
€35k▼ 38.4%
2024 · €56k
2018: €43k
2019: €9k
2020: €29k
2021: €54k
2022: €105k
2023: €133k
2024: €56k
2018 → 2025
Net result
€-15k▲ 77.8%
2024 · €-67k
2018: €-18k
2019: €-32k
2020: €4k
2021: €15k
2022: €52k
2023: €24k
2024: €-67k
2018 → 2025
Working capital
€-20k▼ 141%
2024 · €-9k
2018: €27k
2019: €-496
2020: €-14k
2021: €999
2022: €36k
2023: €49k
2024: €-9k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€72k▲ 263%€76k▲ 5.2%€9k▼ 87.9%€-6k
Operating result€15k-€61k▲ 307%€31k▼ 49.7%€-67k€-14k▲ 78.3%
Net result€15k-€52k▲ 245%€24k▼ 55.0%€-67k€-15k▲ 77.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €67k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€15k▼ 13.7%
Current assets
€19k▼ 49.7%
Key figures and ratios
EBITDA
€-12k▲
2024 · €-58k
Cash flow
€-12k▲
2024 · €-58k
Solvency
-16.1%▼
2024 · 16.4%
Current ratio
0.49▼
2024 · 0.82
Quick ratio
0.49▼
2024 · 0.82
Debt / equity
-7.22▼
2024 · 5.11
ROE
265.1%▲
2024 · -723.9%
ROA
-42.6%▲
2024 · -118.5%
Interest coverage
-47.23▲
2024 · -315.31
Debt
€40k▼
2024 · €47k
Debt ≤ 1 year
€40k▼
2024 · €47k
Income taxes
€176▲
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€56k€35k▼
Fixed assets21/28€18k€15k▼
Tangible fixed assets22/27€3k€530▼
Furniture and vehicles24€2k€0▼
Other tangible fixed assets26€1k€530▼
Financial fixed assets28€15k€15k=
Current assets29/58€39k€19k▼
Amounts receivable within one year40/41€34k€10k▼
Trade receivables40€34k€10k▼
Other amounts receivable41€390€2▼
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€56k€35k▼
Equity10/15€9k€-6k▼
Contributions10/11€7k€7k=
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€-43k€-58k▼
Amounts payable17/49€47k€40k▼
Amounts payable within one year42/48€47k€40k▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€2k€3k▲
Remuneration and social security454/9€9k€3k▼
Other amounts payable47/48€32k€30k▼
Accrued charges and deferred income492/3-€411
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€2k▼
Other operating charges640/8€667€683▲
Gross operating margin9900€-57k€-11k▲
Operating profit (loss)9901€-67k€-14k▲
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€183€253▲
Recurring financial charges65€183€253▲
Profit (loss) for the period before taxes9903€-67k€-15k▲
Income taxes67/77€174€176▲
Profit (loss) for the period9904€-67k€-15k▲
Profit (loss) for the period to be appropriated9905€-67k€-15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-58k▼
Profit (loss) brought forward from the previous period14P€24k€-43k▼
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-67k ▼383%
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Highest result since 2018net €52k ▲245%
Operating result €61k, net result €52k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.11
Current ratio from 1.03 to 2.11; short-term debt falls from €34k to €33k.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 1.03
Current ratio from 0.39 to 1.03.
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
Philpott Frederick Matthew
CurrentDirector · since 27-01-2023
27-01-2023
Appointed as Director
27-01-2023
Resigned as Director
Location & real-estate footprint
Registered office, Wetteren · 1 establishment unit since 2014
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.
Slekkebeek 349230 WetterenGround area
654 m²
Building footprint
129 m²
Volume, LiDAR
734 m³
Parcel 42302C0117/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRED Consultancy
since 20142.237.039.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302C0117/00K000 | Flanders | 654 m² | 1 · 129 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 1005.075.495
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ITDW
BE 0789.767.565
Gerpinnes · Eq €9k
STI DIGITAL
BE 0778.261.088
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VISIOSOFT
BE 0866.269.584
Visé · Eq €9k
Of 29,885 companies in sector 62200 we hold annual accounts for 18,321. 9,111 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-2014
Fiscal year end31-12
Abbreviation NL
FRED Consultancy
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.