FRE DEVELOPMENT
ActiveSummary
FRE DEVELOPMENT is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€79,486) and a net result of €1,472. Equity has been stable since 2019 (±1% per year). Its solvency ranks better than 5% of 6,692 sector peers (NACE 64, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-11-2011 Normal situation
- Registered office
- 25 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.205.186.914 2000 Antwerpen, since 18-11-2011
- Financial year end
- 30 September
- Peppol
- Reachable since 09-12-2025
Board and ownership
Board
- Hofmans Vastgoed Management Comm.VADirector · since 18-11-2011
- Wilms RE-Invest BVDirector · since 18-11-2011
- C.B.I. BVDirector · since 31-03-2014
Shareholders
- C.B.I.42%· score 8731-03-2025 annual accounts of C.B.I.
- De Heide Invest30%· score 8230-09-2025 annual accounts of De Heide Invest
- Holdings
- Shares in 3 companies including FIDES - TEN BRINKE PROJECTONTWIKKELING and FIDES PROJECTS
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts to 30-09-2025
- Profit
- €1,472
- ▼ 7.5%
- Equity
- -€79,486
- ▲ 1.8%
- Total assets
- €490,115
- ▲ 0.3%
- Negative equity on 30-09-2025
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 15-04-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
on the day
2023
on the day
2022
2 days early
2021
on the day
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end04-11-2026 today30-04-2027 deadline
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.
Equity
-€79,486▲ 1.8%
2024 · -€80,958
Net result
€1,472▼ 7.5%
2024 · €1,591
Total assets
€490,115▲ 0.3%
2024 · €488,636
Solvency
-16.2%▲ 0.4pp
2024 · -16.6%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€2,582
▼ 10.8%
2025
20192025
Net result
€1,472
▼ 7.5%
2025
lowest quarter of the sector
20192025
Equity
-€79,486
▲ 1.8%
2025
lowest quarter of the sector
20192025
Total assets
€490,115
▲ 0.3%
2025
lowest quarter of the sector
20192025
Debt
€569,602
=
2025
20192025
Working capital
-€368,139
▲ 0.5%
2025
lowest quarter of the sector
20192025
Solvency
-16.2%
▲ 0.4pp
2025
lowest quarter of the sector
20192025
Current ratio
0.35
=
2025
middle half of the sector
20192025
Return on assets (ROA)
0.3%
=
2025
lowest quarter of the sector
20192025
Staff (FTE)
0
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€28,853-€2,889-€5,276-€4,094▲ 22.4%-€1,797▲ 56.1%-€2,330▼ 29.6%-€2,582▼ 10.8%
Net result-€41,118--€9,109below the sector's middle half▲ 77.8%-€15,848below the sector's middle half▼ 74.0%-€13,954below the sector's middle half▲ 11.9%€2,112below the sector's middle half€1,591below the sector's middle half▼ 24.7%€1,472below the sector's middle half▼ 7.5%
Equity-€70,950--€80,059below the sector's middle half▼ 12.8%-€70,707below the sector's middle half▲ 11.7%-€84,661below the sector's middle half▼ 19.7%-€82,549below the sector's middle half▲ 2.5%-€80,958below the sector's middle half▲ 1.9%-€79,486below the sector's middle half▲ 1.8%
Total assets€719,951-€681,178within the sector's middle half▼ 5.4%€695,639within the sector's middle half▲ 2.1%€485,644below the sector's middle half▼ 30.2%€487,084below the sector's middle half▲ 0.3%€488,636below the sector's middle half▲ 0.3%€490,115below the sector's middle half▲ 0.3%
Debt€790,901-€761,237▼ 3.8%€766,346▲ 0.7%€570,305▼ 25.6%€569,634▼ 0.1%€569,594=€569,602=
Working capital-€356,194--€368,611below the sector's middle half▼ 3.5%-€359,659below the sector's middle half▲ 2.4%-€373,613below the sector's middle half▼ 3.9%-€371,501below the sector's middle half▲ 0.6%-€369,910below the sector's middle half▲ 0.4%-€368,139below the sector's middle half▲ 0.5%
Solvency-9.9%--11.8%below the sector's middle half▼ 1.9pp-10.2%below the sector's middle half▲ 1.6pp-17.4%below the sector's middle half▼ 7.3pp-16.9%below the sector's middle half▲ 0.5pp-16.6%below the sector's middle half▲ 0.4pp-16.2%below the sector's middle half▲ 0.4pp
Current ratio0.55-0.52within the sector's middle half▼ 0.030.53within the sector's middle half▲ 0.020.34below the sector's middle half▼ 0.190.35below the sector's middle half=0.35within the sector's middle half=0.35within the sector's middle half=
Return on assets (ROA)-5.7%--1.3%below the sector's middle half▲ 4.4pp-2.3%below the sector's middle half▼ 0.9pp-2.9%below the sector's middle half▼ 0.6pp0.4%below the sector's middle half▲ 3.3pp0.3%below the sector's middle half▼ 0.1pp0.3%below the sector's middle half=
Staff (FTE)0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €2,582, larger than the loss of €2,330 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €490,115
Fixed assets
€288,952 =
Current assets
€201,163 ▲ 0.7%
Equity and liabilities
Equity-€79,486
Debt€569,602
Equity is negative. Debt (€569,602) exceeds the balance-sheet total (€490,115).
Key figures and ratios
Debt ≤ 1 year
€569,302▼
2024 · €569,594
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €797 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | €1,556 | €450 | €493 | €505 | €449 | ▼ 11.2% |
| Gross operating margin9900 | -€25,914 | €5,009 | -€3,720 | -€3,645 | -€1,304 | -€1,825 | -€2,134 | ▼ 16.9% |
| Operating profit (loss)9901 | -€28,853 | €2,889 | -€5,276 | -€4,094 | -€1,797 | -€2,330 | -€2,582 | ▼ 10.8% |
| Financial income75/76B | - | - | €14,162 | €14,141 | €3,960 | €3,960 | €4,098 | ▲ 3.5% |
| Recurring financial income75 | €7,470 | €13,471 | €14,162 | €14,141 | €3,960 | €3,960 | €4,098 | ▲ 3.5% |
| Financial charges65/66B | - | - | €24,734 | €24,001 | €51 | €39 | €44 | ▲ 11.5% |
| Recurring financial charges65 | €19,735 | €25,469 | €24,734 | €24,001 | €51 | €39 | €44 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | -€41,118 | -€9,109 | -€15,848 | -€13,954 | €2,112 | €1,591 | €1,472 | ▼ 7.5% |
| Income taxes67/77 | €0 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€41,118 | -€9,109 | -€15,848 | -€13,954 | €2,112 | €1,591 | €1,472 | ▼ 7.5% |
| Profit (loss) for the period to be appropriated9905 | -€41,118 | -€9,109 | -€15,848 | -€13,954 | €2,112 | €1,591 | €1,472 | ▼ 7.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €719,951 | €681,178 | €695,639 | €485,644 | €487,084 | €488,636 | €490,115 | ▲ 0.3% |
| Formation expenses20 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €285,244 | €288,952 | €288,952 | €288,952 | €288,952 | €288,952 | €288,952 | = |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - | - | - |
| Financial fixed assets28 | €285,244 | €288,952 | €288,952 | €288,952 | €288,952 | €288,952 | €288,952 | = |
| Current assets29/58 | €434,707 | €392,226 | €406,687 | €196,692 | €198,132 | €199,684 | €201,163 | ▲ 0.7% |
| Stocks and contracts in progress3 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €414,272 | €386,089 | €404,799 | €193,184 | €197,144 | €198,104 | €180,064 | ▼ 9.1% |
| Trade receivables40 | - | - | €47,435 | - | - | - | - | - |
| Other amounts receivable41 | - | - | €357,364 | €193,184 | €197,144 | €198,104 | €180,064 | ▼ 9.1% |
| Current investments50/53 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €20,200 | €6,137 | €1,888 | €3,508 | €989 | €1,580 | €21,100 | ▲ 13× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €719,951 | €681,178 | €695,639 | €485,644 | €487,084 | €488,636 | €490,115 | ▲ 0.3% |
| Equity10/15 | -€70,950 | -€80,059 | -€70,707 | -€84,661 | -€82,549 | -€80,958 | -€79,486 | ▲ 1.8% |
| Contributions10/11 | €40,000 | - | €65,200 | €65,200 | €65,200 | €65,200 | €65,200 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€120,950 | -€130,059 | -€145,907 | -€159,861 | -€157,749 | -€156,158 | -€154,686 | ▲ 0.9% |
| Amounts payable17/49 | €790,901 | €761,237 | €766,346 | €570,305 | €569,634 | €569,594 | €569,602 | = |
| Amounts payable within one year42/48 | €790,901 | €760,837 | €766,346 | €570,305 | €569,634 | €569,594 | €569,302 | ▼ 0.1% |
| Trade debts44 | €5,287 | €5,229 | €16,653 | €1,225 | €554 | €514 | €222 | ▼ 56.9% |
| Suppliers440/4 | - | - | €16,653 | €1,225 | €554 | €514 | €222 | ▼ 56.9% |
| Other amounts payable47/48 | - | - | €749,693 | €569,080 | €569,080 | €569,080 | €569,080 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €300 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,118 | -€9,109 | -€15,848 | -€13,954 | €2,112 | €1,591 | €1,472 | ▼ 7.5% |
| + Depreciation and write-downs630 | €0 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€41,118 | -€9,109 | -€15,848 | -€13,954 | €2,112 | €1,591 | €1,472 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | -€3,708 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€14,064 | -€4,248 | €1,620 | -€2,519 | €591 | €19,520 | ▲ 33× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 15-04-2026 | 2026-00079919 | |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00081127 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00074481 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00070768 | |
| 30-09-2021 | abbreviated format | 30-04-2022 | 2022-20019095 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12500064 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11100502 | |
| 30-09-2018 | abbreviated format | 29-04-2019 | 2019-11200513 | |
| 30-09-2017 | abbreviated format | 30-04-2018 | 2018-11100204 | |
| 30-09-2016 | abbreviated format | 03-05-2017 | 2017-10800096 |
Board & ownership
Directors
Directors
3 directors
Hofmans Vastgoed Management Comm.VA
Current
Director · since 18-11-2011 · Legal entity · listed in the 2025 annual accounts, filed on 15-04-2026
Wilms RE-Invest BV
Current
Director · since 18-11-2011 · Legal entity · listed in the 2025 annual accounts, filed on 15-04-2026
C.B.I. BV
Current
Director · since 31-03-2014 · Legal entity · listed in the 2025 annual accounts, filed on 15-04-2026
Owners and capital
Shareholders
2 ownersOwners 2
- Equity €769,464 Profit of €90,508 in 2025 (profit of €51,913 in 2024) Checked score 8742%
- Equity €190,148 Loss of €34,716 in 2025 (profit of €91,633 in 2024) Checked score 8230%
Mandate history
3 people, 3 in office
- Board
| Name | Functions and periods |
|---|---|
| Hofmans Vastgoed Management Comm.VA |
|
| Wilms RE-Invest BV |
|
| C.B.I. BV |
|
Network & group
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 30-09-2025
- FIDES - TEN BRINKE PROJECTONTWIKKELINGsubsidiaryEquity €120,378 Profit of €2,183 in 2025 (profit of €45,097 in 2024) Checked score 6990%
- FIDES PROJECTSsubsidiaryEquity -€131,160 Loss of €8,302 in 2025 (loss of €32,862 in 2024) Checked score 5390%
- Equity -€22,871 Loss of €13,249 in 2025 (loss of €14,025 in 2024) Checked score 5332%
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 FRE DEVELOPMENT. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
15-04
abbreviated format · 15 days before the deadline
2025
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 attorney4 points ▸
Gazette deed
Registered office moved within Antwerpen
New seat: Plantinkaai 1/105, 2000 Antwerpen · Previous seat: Sint-Jansvliet 2/6, 2000 Antwerpen · Power of attorney4 points ▸
- Board meeting, 21-04-2025
- Registered-office move, Plantinkaai 1/105, 2000 Antwerpen
- Power of attorney, VDV consultants Burgerlijke Vennootschap o.v.v. een Besloten Vennootschap met Beperkte Aansprakelijkheid
- Power of attorney, Marc Van Gysel
30-04
abbreviated format · on the deadline day
2024
30-04
abbreviated format · on the deadline day
2023
30-09
Financial
Back to profitnet €2,112
The net result is €2,112, after 4 loss-making years.
28-04
abbreviated format · 2 days before the deadline
2022
30-04
abbreviated format · on the deadline day
2021
30-04
abbreviated format · on the deadline day
2020
30-04
abbreviated format · on the deadline day
2019
29-04
abbreviated format · 1 day before the deadline
2018
30-04
abbreviated format · on the deadline day
2017
03-05
abbreviated format · 3 days late
2011
01-12
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
FRE DEVELOPMENT in Dutch
Enterprise number
0841.177.268
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
18-11-2011
Entity type
Legal entity
Registered office and establishments
Registered office
Plantinkaai 1, 2000 Antwerpen, Belgium
Establishment unit
Fides Real Estate, Plantinkaai 1, 2000 Antwerpen since 18-11-2011 · unit number 2.205.186.9147010001 Activities of head offices
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
Invoicing and payment
VAT number
BE 0841.177.268
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Environmental permits
3 applications in Flanders since 2019 · 1 granted
Bouwen of herbouwen
Bouwen of herbouwen
Bouwen of herbouwen
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
721 m²
Building footprint
720 m²
Building volume
15,146 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11804D3418/00B000 | Flanders | 721 m² | 1 · 720 m² | 26.5 m · 7 |