Fré
ActiveSummary
Fré has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,883 and a net result of €18,742. Equity has been growing by about 42% per year since 2023. Its solvency ranks better than 88% of 35,008 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-09-2022 Normal situation
- Activity
- General electrical installation work NACE 43211and 5 others
- Establishment unit
- 2.335.400.506 9290 Berlare, since 15-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Board and ownership
- DE FRÉ JelleDirector · since 15-09-2022
- DE FRÉ Jelle15 sharesdeed of 19-09-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €30,144
- ▲ 37.2%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €18,742
- ▲ 73.0%
- Equity
- €58,883
- ▲ 46.7%
- Total assets
- €70,725
- ▲ 33.4%
Score breakdownraises risk1 change of registered office in 24 monthsFounded in 2022lowers riskLiquidity: current ratio 5.25, cash €34,622Equity €58,883 (83.3% of total assets)Show the evidence
Checked score
About 6 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 43, micro). It does better than 90% of them on solvency, 93% on liquidity, 92% on profitability and 82% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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 3 accounts on average 31 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
Annual accounts 2025 filed on 28-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 50% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €9,363 | - | €6,234 |
| Financial fixed assets | - | - | €0 |
| Depreciation and write-downs of the year | €1,432 | €2,459 | €3,188 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €1,033 awarded · €930 paid| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,432 | €2,459 | €3,188 | ▲ 29.6% |
| Other operating charges640/8 | €1,177 | €2,192 | €1,041 | ▼ 52.5% |
| Gross operating margin9900 | €39,984 | €21,978 | €30,144 | ▲ 37.2% |
| Operating profit (loss)9901 | €37,375 | €17,327 | €25,915 | ▲ 49.6% |
| Financial income75/76B | - | €286 | €278 | ▼ 2.8% |
| Recurring financial income75 | - | €286 | €278 | ▼ 2.8% |
| Financial charges65/66B | €1,806 | €2,799 | €2,315 | ▼ 17.3% |
| Recurring financial charges65 | €1,806 | €2,799 | €2,315 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €35,569 | €14,814 | €23,878 | ▲ 61.2% |
| Income taxes67/77 | €7,759 | €3,982 | €5,135 | ▲ 28.9% |
| Profit (loss) for the period9904 | €27,810 | €10,831 | €18,742 | ▲ 73.0% |
| Profit (loss) for the period to be appropriated9905 | €27,810 | €10,831 | €18,742 | ▲ 73.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €41,907 | €53,027 | €70,725 | ▲ 33.4% |
| Fixed assets21/28 | €7,931 | €5,472 | €8,518 | ▲ 55.7% |
| Tangible fixed assets22/27 | €7,931 | €5,472 | €8,518 | ▲ 55.7% |
| Plant, machinery and equipment23 | - | - | €5,505 | - |
| Furniture and vehicles24 | €7,931 | €5,472 | €3,013 | ▼ 44.9% |
| Current assets29/58 | €33,976 | €47,554 | €62,207 | ▲ 30.8% |
| Amounts receivable within one year40/41 | €4,210 | €11,733 | €14,785 | ▲ 26.0% |
| Trade receivables40 | - | €435 | €0 | ▼ 100% |
| Other amounts receivable41 | €4,210 | €11,298 | €14,785 | ▲ 30.9% |
| Cash at bank and in hand54/58 | €19,259 | €27,511 | €34,622 | ▲ 25.8% |
| Deferred charges and accrued income490/1 | €10,507 | €8,311 | €12,800 | ▲ 54.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €41,907 | €53,027 | €70,725 | ▲ 33.4% |
| Equity10/15 | €29,310 | €40,141 | €58,883 | ▲ 46.7% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €27,810 | €38,641 | €57,383 | ▲ 48.5% |
| Distributable reserves133 | €27,810 | €38,641 | €57,383 | ▲ 48.5% |
| Amounts payable17/49 | €12,598 | €12,885 | €11,842 | ▼ 8.1% |
| Amounts payable within one year42/48 | €12,598 | €12,885 | €11,842 | ▼ 8.1% |
| Trade debts44 | €4,279 | €8,385 | €6,707 | ▼ 20.0% |
| Suppliers440/4 | €4,279 | €8,385 | €6,707 | ▼ 20.0% |
| Taxes, remuneration and social security45 | €8,319 | €4,501 | €5,135 | ▲ 14.1% |
| Taxes450/3 | €8,319 | €4,501 | €5,135 | ▲ 14.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,810 | €10,831 | €18,742 | ▲ 73.0% |
| + Depreciation and write-downs630 | €1,432 | €2,459 | €3,188 | ▲ 29.6% |
| Operating cash flow (approximation) | €29,242 | €13,290 | €21,930 | ▲ 65.0% |
| Investment in fixed assets (approximation) | - | €0 | -€6,234 | - |
| Change in cash | - | €8,251 | €7,111 | ▼ 13.8% |
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, 39,278 companies had the same profile as Fré has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Fré itself: 0.6% 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 39,278 companies, not a prediction for Fré. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- DE FRÉ Jelle 15 shares (100%) · €1,500
Capital transactions
- 19-09-2022 Incorporation · €1,500 · 15 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Kan maar moet niet beperkt zijn, één of meer bestuurders”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers, poststempel geldt als bewijs”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 19-09-2022 (in Dutch)
Network & group
Fré shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Fré. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
19-11
Gazette deed
Registered office moved from Lede to BerlareNew registered office: Nieuwstraat 13, 9290 Berlare · Previous registered office: Steenstraat 26 bus 16, 9340 Lede3 points ▸
- Board meeting, 15-10-2025
- Registered-office move, Nieuwstraat 13, 9290 Berlare
- Power of attorney, BV Boekhoudkantoor Braye
- The deed holds 1 more point.
18-09
Gazette deed
Registered office moved from Berlare to LedeNew registered office: Steenstraat 26 bus 16, 9340 Lede · Previous registered office: Biezenstraat 5, 9290 Berlare2 points ▸
- Board meeting, 01-08-2024
- Registered-office move, Steenstraat 26 bus 16, 9340 Lede
19-09
Gazette deed
IncorporationFounding capital of €1,500, 15 shares · Founder: DE FRÉ Jelle · Appointment: DE FRÉ Jelle (director)7 points ▸
- Founder, DE FRÉ Jelle
- Incorporation, 15-09-2022
- Founding capital, €1,500, 15 shares
- Registered office clause, Biezenstraat 5
- Board rule, 1
- Director appointment, DE FRÉ Jelle
- Power of attorney, Dirk STOOP
- The deed holds 15 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Fré was incorporated on 15 September 2022 as a private limited company by one natural person, with a starting capital of €1,500.12 The registered office moved to Lede in 2024 and to Berlare in 2025.34 Since 2022, DE FRÉ Jelle has served as director.5 Total assets rose from €41,907 in 2023 to €70,725 in 2025.6
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- Steenstraat 26 bus 16, 9340 Lede until 15-10-2025 · deed of 19-11-2025
- Biezenstraat 5, 9290 Berlare until 01-08-2024 · deed of 18-09-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- Nutsvoorzieningen
- Aanleg elektriciteit en gas
- Huisinstallatie (elektricien)
- Plaatsen van digitale meters zowel voor gas als elektriciteit
- Grondwerken
- Graafwerken
- Loodgieterij
- Bouw van water- en gasdistributienetten
- Onderaannemingen
- Autoverkoop
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 0790.858.222
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
2 categories- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42003B0161/00H004 | Flanders | 180 m² | 1 · 114 m² | 9.7 m · 1 |