FRAEST
ActiveFRAEST has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €302k and a net result of €39k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 8589 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-35
Solvency97▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.19 against 2.52 in 2024), and 45.7% of the assets are financed with debt.
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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
54.3%
Return on assets
7.1%
Age of the figures
14 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
29 d late
2022
on the day
2021
3 d late
2020
17 d late
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€302k▲ 11.6%
2024 · €270k
2019: €95k
2020: €103k
2021: €128k
2022: €192k
2023: €221k
2024: €270k
2019 → 2025
Total assets
€556k▲ 2.4%
2024 · €543k
2019: €109k
2020: €119k
2021: €147k
2022: €257k
2023: €486k
2024: €543k
2019 → 2025
Net result
€39k▼ 50.9%
2024 · €80k
2019: €5k
2020: €8k
2021: €25k
2022: €79k
2023: €29k
2024: €80k
2019 → 2025
Working capital
€164k▲ 0.2%
2024 · €164k
2019: €81k
2020: €90k
2021: €118k
2022: €117k
2023: €130k
2024: €164k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€128k-€192k▲ 50.3%€221k▲ 15.2%€270k▲ 22.5%€302k▲ 11.6%
Operating result€36k-€112k▲ 214%€62k▼ 44.5%€122k▲ 96.8%€57k▼ 53.6%
Net result€25k-€79k▲ 216%€29k▼ 63.0%€80k▲ 175%€39k▼ 50.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €556k
Fixed assets
€317k▲ 16.8%
Current assets
€239k▼ 12.1%
Equity and liabilities €556k
Equity
€302k▲ 11.6%
Debt
€254k▼ 6.8%
The debt ratio falls from 50.2% to 45.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€82k▼
2024 · €145k
Cash flow
€64k▼
2024 · €102k
Solvency
54.3%▲
2024 · 49.8%
Current ratio
3.19▲
2024 · 2.52
Quick ratio
3.19▲
2024 · 2.52
Debt / equity
0.84▼
2024 · 1.01
ROE
13.0%▼
2024 · 29.6%
ROA
7.1%▼
2024 · 14.8%
Interest coverage
7.50▼
2024 · 13.91
Debt
€254k▼
2024 · €273k
Debt ≤ 1 year
€75k▼
2024 · €108k
Debt > 1 year
€177k▲
2024 · €164k
Income taxes
€16k▼
2024 · €32k
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€543k€556k▲
Fixed assets21/28€271k€317k▲
Tangible fixed assets22/27€271k€317k▲
Land and buildings22€241k€250k▲
Plant, machinery and equipment23€16k€57k▲
Furniture and vehicles24€14k€10k▼
Current assets29/58€272k€239k▼
Amounts receivable within one year40/41€234k€148k▼
Trade receivables40€84k€25k▼
Other amounts receivable41€151k€123k▼
Cash at bank and in hand54/58€37k€86k▲
Deferred charges and accrued income490/1€1k€5k▲
Equity and liabilities
Total equity and liabilities10/49€543k€556k▲
Equity10/15€270k€302k▲
Contributions10/11€19k€19k=
Reserves13€252k€283k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€252k€283k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€273k€254k▼
Amounts payable after more than one year17€164k€177k▲
Financial debts170/4€164k€177k▲
Amounts payable within one year42/48€108k€75k▼
Current portion of amounts payable after more than one year42€20k€29k▲
Financial debts43€5k€13k▲
Credit institutions430/8€5k€13k▲
Trade debts44€47k€7k▼
Suppliers440/4€47k€7k▼
Taxes, remuneration and social security45€37k€7k▼
Taxes450/3€37k€7k▼
Other amounts payable47/48€0€19k▲
Accrued charges and deferred income492/3€650€2k▲
Income statement
Code20242025
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€25k▲
Other operating charges640/8€837€1k▲
Gross operating margin9900€145k€83k▼
Operating profit (loss)9901€122k€57k▼
Financial income75/76B€278€9k▲
Recurring financial income75€278€9k▲
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€112k€55k▼
Income taxes67/77€32k€16k▼
Profit (loss) for the period9904€80k€39k▼
Profit (loss) for the period to be appropriated9905€80k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€39k▼
Transfer from equity791/2€30k€8k▼
Transfer to equity691/2€80k€39k▼
To other reserves6921€80k€39k▼
Profit to be distributed694/7€30k€8k▼
Return on contributions (dividend)694€30k€8k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €80k ▲175%
Operating result €122k, net result €80k, both a record.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Equity above €200kEq €221k ▲15.2%
5 profitable years in a row build equity to €221k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €150kEq €192k ▲50.3%
4 profitable years in a row build equity to €192k.
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
30-06
Financial
Equity above €100kEq €103k ▲8.4%
2 profitable years in a row build equity to €103k.
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Ingelmunster · 2 establishment units since 2012
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.
Kortrijkstraat 508770 IngelmunsterGround area
1,101 m²
Building footprint
297 m²
Volume, LiDAR
2,185 m³
2 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
FRAEST
since 20122.205.972.020
BUBBELS
since 20142.238.188.292
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0344/00G002 | Flanders | 644 m² | 1 · 179 m² | 11.4 m · 3 fl. |
| 36007D0344/00F002 | Flanders | 458 m² | 1 · 118 m² | 10.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteIngelmunster2.238.188.292
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 38,005 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2012
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.