FRDDS
ActiveSummary
FRDDS has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,851 and a net result of -€10,630. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 45% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-10-2017 Normal situation
- Activity
- Other specialised construction activities NACE 43990and 2 others
- Establishment unit
- 2.269.845.233 1740 Ternat, since 30-10-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 26-01-2026
Board and ownership
- MEREUTA FeodorDirector
- TULUC DumitruDirector
- VATRICI GheorgheDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
- Gross margin
- -€9,916
- Loss
- €10,630
- Equity
- €15,851
- ▼ 40.1%
- Total assets
- €37,695
- ▼ 19.2%
- 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 3 of the last 3 accounts lateLoss of €10,630 (financial year 2025)Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.79, cash €13,787Show the evidence
Checked score
About 1 in 100 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 43, micro). It does better than 45% of them on solvency, 65% on liquidity, 4% on profitability and 11% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
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
The company filed its last 7 accounts on average 45 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549714.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 8 filings
Every figure per financial year
The operating result for 2025 is a loss of €10,889, after a profit of €13,136 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €2,731 | €855 | €661 | €921 | €973 | ▲ 5.6% |
| Gross operating margin9900 | -€17,903 | €1,601 | €38,206 | €8,101 | €1,742 | -€10,022 | €14,058 | -€9,916 | - |
| Operating profit (loss)9901 | -€18,814 | €1,253 | €37,579 | €5,370 | €887 | -€10,682 | €13,136 | -€10,889 | - |
| Financial income75/76B | - | - | - | - | - | - | €88 | €411 | ▲ 368% |
| Recurring financial income75 | €20 | - | €20 | - | - | - | €88 | €411 | ▲ 368% |
| Financial charges65/66B | - | - | - | €80 | €253 | €203 | €231 | €181 | ▼ 21.5% |
| Recurring financial charges65 | €281 | €1,075 | €52 | €80 | €253 | €203 | €231 | €181 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | -€19,075 | €178 | €37,547 | €5,290 | €634 | -€10,886 | €12,994 | -€10,659 | - |
| Income taxes67/77 | - | - | €4,200 | €1,334 | €167 | €0 | €700 | -€29 | - |
| Profit (loss) for the period9904 | -€19,075 | €178 | €33,347 | €3,956 | €467 | -€10,886 | €12,294 | -€10,630 | - |
| Profit (loss) for the period to be appropriated9905 | -€19,075 | €178 | €33,347 | €3,956 | €467 | -€10,886 | €12,294 | -€10,630 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €47,641 | €25,694 | €47,962 | €36,482 | €42,611 | €43,908 | €46,645 | €37,695 | ▼ 19.2% |
| Current assets29/58 | €47,641 | €25,694 | €47,962 | €36,482 | €42,611 | €43,908 | €46,645 | €37,695 | ▼ 19.2% |
| Amounts receivable within one year40/41 | €45,510 | €23,328 | €42,121 | €35,334 | €37,220 | €39,357 | €40,087 | €23,908 | ▼ 40.4% |
| Trade receivables40 | - | - | - | €24,064 | €30,211 | €29,950 | €27,499 | €7,631 | ▼ 72.3% |
| Other amounts receivable41 | - | - | - | €11,269 | €7,010 | €9,407 | €12,587 | €16,277 | ▲ 29.3% |
| Cash at bank and in hand54/58 | €2,131 | €2,366 | €5,842 | €1,148 | €5,391 | €4,551 | €6,558 | €13,787 | ▲ 110% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €47,641 | €25,694 | €47,962 | €36,482 | €42,611 | €43,908 | €46,645 | €37,695 | ▼ 19.2% |
| Equity10/15 | -€12,875 | -€12,697 | €20,650 | €24,606 | €25,074 | €14,188 | €26,481 | €15,851 | ▼ 40.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | €14,450 | €18,406 | €18,874 | €7,988 | €20,281 | €9,651 | ▼ 52.4% |
| Distributable reserves133 | - | - | - | €18,406 | €18,874 | €7,988 | €20,281 | €9,651 | ▼ 52.4% |
| Profit (loss) carried forward14 | -€19,075 | -€18,897 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €60,516 | €38,391 | €27,312 | €11,876 | €17,537 | €29,720 | €20,164 | €21,843 | ▲ 8.3% |
| Amounts payable within one year42/48 | €59,266 | €37,141 | €26,062 | €10,626 | €16,287 | €28,470 | €18,914 | €21,093 | ▲ 11.5% |
| Trade debts44 | €35,955 | €15,227 | €18,862 | €2,092 | €3,509 | €19,370 | €7,114 | €11,707 | ▲ 64.6% |
| Suppliers440/4 | - | - | - | €2,092 | €3,509 | €19,370 | €7,114 | €11,707 | ▲ 64.6% |
| Taxes, remuneration and social security45 | - | - | - | €5,534 | €10,429 | €7,800 | €9,000 | €5,454 | ▼ 39.4% |
| Taxes450/3 | - | - | - | €5,534 | €1,929 | - | €700 | €5,454 | ▲ 679% |
| Remuneration and social security454/9 | - | - | - | - | €8,500 | €7,800 | €8,300 | - | - |
| Other amounts payable47/48 | - | - | - | €3,000 | €2,350 | €1,300 | €2,800 | €3,933 | ▲ 40.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1,250 | €1,250 | €1,250 | €1,250 | €750 | ▼ 40.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,075 | €178 | €33,347 | €3,956 | €467 | -€10,886 | €12,294 | -€10,630 | - |
| Operating cash flow (approximation) | -€19,075 | €178 | €33,347 | €3,956 | €467 | -€10,886 | €12,294 | -€10,630 | - |
| Change in cash | - | €235 | €3,475 | -€4,693 | €4,242 | -€839 | €2,007 | €7,228 | ▲ 260% |
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, 3,591 companies had the same profile as FRDDS has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FRDDS itself: 1.5% 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 3,591 companies, not a prediction for FRDDS. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00549714 | |
| 31-12-2024 | micro format | 10-10-2025 | 2025-00538905 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00479150 | |
| 31-12-2022 | micro format | 14-09-2023 | 2023-00445932 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20416226 | |
| 31-12-2020 | micro format | 20-07-2021 | 2021-39400373 | |
| 31-12-2019 | micro format | 29-09-2020 | 2020-57900454 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57700470 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 31-01-2024 Capital stated in the deed · 1,000 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| MEREUTA Feodor |
|
| TULUC Dumitru |
|
| VATRICI Gheorghe |
|
| RATA Dumitru |
|
| SCORTARI Gheorghe |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering bepaalt aantal, duur opdracht en bij meerdere bestuurders bevoegdheid”“Algemene vergadering met absolute meerderheid of enige aandeelhouder, vaste of evenredige vergoeding, algemene vergadering beslist kosteloos…”
Articles of association, deed of 31-01-2024 (in Dutch)
Network & group
FRDDS shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of FRDDS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-04
Gazette deed
Resignation: Dumitru Rata (director)2 points ▸
- General meeting, 27-03-2025
- Director resignation, Dumitru Rata (director)
29-04
Gazette deed
Resignation: Gheorghe Scortari (director)2 points ▸
- General meeting, 29-12-2023
- Director resignation, Gheorghe Scortari (director)
31-01
Gazette deed
Changes of role: TULUC Dumitru, RATA Dumitru and 3 othersCapital conversion · Amendment of the articles · Capital18 points ▸
- General meeting, 19-12-2023
- Other provision, 01-01-2020, “aanpassing statuten aan WVV en behoud rechtsvorm BV” (deed in Dutch)
- Capital conversion, “van rechtswege zonder vervulling enige formaliteit, beschikbaar voor uitkering door overboeking” (deed in Dutch)
- Director resignation, TULUC Dumitru (manager (not named in the articles))
- Director resignation, RATA Dumitru (manager (not named in the articles))
- Director resignation, VATRICI Gheorghe (manager (not named in the articles))
- Director resignation, MEREUTA Feodor (manager (not named in the articles))
- Director resignation, SCORTARI Gheorghe (manager (not named in the articles))
- Director appointment, TULUC Dumitru (director (not named in the articles))
- Director appointment, RATA Dumitru (director (not named in the articles))
- Director appointment, VATRICI Gheorghe (director (not named in the articles))
- Director appointment, MEREUTA Feodor (director (not named in the articles))
- The act holds 6 more points.
15-05
Gazette deed
Registered office moved within TernatNew seat: 1740 Ternat, Assesteenweg 313 · Previous seat: 1742 Ternat(Sint-Katherina-Lombeek), Ternatstraat 48 bus 22 points ▸
- Board meeting, 19-04-2023
- Registered-office move, 1740 Ternat,Assesteenweg 313
06-09
Gazette deed
Appointment: Gheorghe Scortari (director)2 points ▸
- General meeting, 23-08-2022
- Director appointment, Gheorghe Scortari (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 1742 Ternat(Sint-Katherina-Lombeek) until 19-04-2023 · act of 15-05-2023
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 0683.845.545
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23086A0032/00M002 | Flanders | 714 m² | 1 · 98 m² | 9.0 m · 2 |