FREAN
ActiveSummary
FREAN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403k and a net result of €26k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-16
Solvency100▲+1
Growth52▼-26
Track record100
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 3.12 against 2.47 in 2024; short-term debt: 7% and cash: 3% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
79.9%
Return on assets
5.2%
Age of the figures
15 mo
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
11 d late
2023
8 d late
2022
2 d late
2021
10 d late
2020
33 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€403k▼ 11.1%
2024 · €453k
Total assets
€504k▼ 17.7%
2024 · €612k
Net result
€26k▼ 75.4%
2024 · €107k
Working capital
€75k▼ 30.0%
2024 · €107k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€97k▲ 246%€31k▼ 68.5%€122k▲ 296%€151k▲ 24.6%€37k▼ 75.9%
Net result€68k▲ 339%€22k▼ 67.1%€88k▲ 298%€107k▲ 21.2%€26k▼ 75.4%
Equity€408k▲ 13.8%€396k▼ 3.0%€407k▲ 2.9%€453k▲ 11.3%€403k▼ 11.1%
Total assets€607k▼ 2.7%€632k▲ 4.1%€599k▼ 5.3%€612k▲ 2.3%€504k▼ 17.7%
Debt€199k▼ 24.9%€236k▲ 18.6%€192k▼ 18.9%€160k▼ 16.8%€101k▼ 36.5%
Working capital€33k€19k▼ 43.3%€43k▲ 132%€107k▲ 148%€75k▼ 30.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504k
Fixed assets
€394k ▼ 9.0%
Current assets
€110k ▼ 38.7%
Equity and liabilities €504k
Equity
€403k ▼ 11.1%
Debt
€101k ▼ 36.5%
Debt's share of the balance-sheet total falls from 26.1% to 20.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€77k▼
2024 · €193k
Cash flow
€67k▼
2024 · €149k
Current ratio
3.12▲
2024 · 2.47
Debt to equity
0.25▼
2024 · 0.35
ROE
6.6%▼
2024 · 23.7%
ROA
5.2%▼
2024 · 17.5%
Interest coverage
16.44▼
2024 · 97.63
Debt ≤ 1 year
€35k▼
2024 · €73k
Debt > 1 year
€64k▼
2024 · €85k
Income taxes
€11k▼
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €48k | €43k | €42k | €41k | ▼ 3.1% |
| Other operating charges640/8 | - | €3k | €3k | €3k | €3k | ▲ 0.9% |
| Gross operating margin9900 | €142k | €81k | €167k | €197k | €80k | ▼ 59.1% |
| Operating profit (loss)9901 | €97k | €31k | €122k | €151k | €37k | ▼ 75.9% |
| Financial income75/76B | - | €6k | €8k | €7k | €6k | ▼ 22.5% |
| Recurring financial income75 | €4k | €6k | €8k | €7k | €6k | ▼ 22.5% |
| Financial charges65/66B | - | €3k | €2k | €2k | €5k | ▲ 137% |
| Recurring financial charges65 | €3k | €3k | €2k | €2k | €5k | ▲ 137% |
| Profit (loss) for the period before taxes9903 | €98k | €34k | €127k | €157k | €38k | ▼ 76.1% |
| Income taxes67/77 | €31k | €12k | €39k | €50k | €11k | ▼ 77.5% |
| Profit (loss) for the period9904 | €68k | €22k | €88k | €107k | €26k | ▼ 75.4% |
| Profit (loss) for the period to be appropriated9905 | €68k | €22k | €88k | €107k | €26k | ▼ 75.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €607k | €632k | €599k | €612k | €504k | ▼ 17.7% |
| Fixed assets21/28 | €522k | €504k | €471k | €433k | €394k | ▼ 9.0% |
| Tangible fixed assets22/27 | €522k | €504k | €471k | €433k | €394k | ▼ 9.0% |
| Land and buildings22 | - | €495k | €464k | €426k | €389k | ▼ 8.8% |
| Plant, machinery and equipment23 | - | €1k | €881 | €4k | €3k | ▼ 27.0% |
| Furniture and vehicles24 | - | €8k | €6k | €3k | €3k | ▼ 15.2% |
| Current assets29/58 | €85k | €128k | €128k | €179k | €110k | ▼ 38.7% |
| Amounts receivable within one year40/41 | €74k | €124k | €108k | €152k | €92k | ▼ 39.3% |
| Trade receivables40 | - | - | - | €18k | €627 | ▼ 96.5% |
| Other amounts receivable41 | - | €124k | €108k | €134k | €92k | ▼ 31.7% |
| Cash at bank and in hand54/58 | €10k | €1k | €18k | €26k | €15k | ▼ 41.1% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €2k | €2k | ▲ 37.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €607k | €632k | €599k | €612k | €504k | ▼ 17.7% |
| Equity10/15 | €408k | €396k | €407k | €453k | €403k | ▼ 11.1% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €401k | €388k | €400k | €446k | €396k | ▼ 11.3% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | - | €29k | €29k | €29k | €29k | = |
| Distributable reserves133 | - | €357k | €370k | €416k | €366k | ▼ 12.0% |
| Profit (loss) carried forward14 | €848 | €853 | €893 | €909 | €922 | ▲ 1.4% |
| Amounts payable17/49 | €199k | €236k | €192k | €160k | €101k | ▼ 36.5% |
| Amounts payable after more than one year17 | €146k | €126k | €106k | €85k | €64k | ▼ 24.4% |
| Financial debts170/4 | - | €126k | €106k | €85k | €64k | ▼ 24.4% |
| Amounts payable within one year42/48 | €52k | €109k | €85k | €73k | €35k | ▼ 51.6% |
| Current portion of amounts payable after more than one year42 | - | €20k | €20k | €20k | €22k | ▲ 7.7% |
| Trade debts44 | €6k | €12k | €4k | €4k | €5k | ▲ 25.5% |
| Suppliers440/4 | - | €12k | €4k | €4k | €5k | ▲ 25.5% |
| Taxes, remuneration and social security45 | - | €11k | €42k | €48k | €7k | ▼ 84.4% |
| Taxes450/3 | - | €11k | €42k | €48k | €7k | ▼ 84.4% |
| Other amounts payable47/48 | - | €66k | €19k | €800 | €833 | ▲ 4.1% |
| Accrued charges and deferred income492/3 | - | €1k | €2k | €2k | €2k | ▲ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €22k | €88k | €107k | €26k | ▼ 75.4% |
| + Depreciation and write-downs630 | €41k | €48k | €43k | €42k | €41k | ▼ 3.1% |
| Operating cash flow (approximation) | €109k | €70k | €131k | €149k | €67k | ▼ 55.1% |
| Investment in fixed assets (approximation) | - | €-30k | €-10k | €-4k | €-2k | ▲ 57.3% |
| Change in cash | - | €-8k | €17k | €8k | €-11k | ▼ 238% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-06
Financial
Highest result since 2019net €107k ▲21.2%
Operating result €151k, net result €107k, both a record.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
30-06
Financial
Liquidity doublescurrent ratio 1.63
Current ratio from 0.66 to 1.63; short-term debt falls from €99k to €52k.
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €15k ▼79.9%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tielt · 1 establishment unit since 2001
Ground area
1,849 m²
Building footprint
174 m²
Volume, LiDAR
1,067 m³
Parcel 37007E0979/00F000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ooigemstraat 37A, 8760 Tielt
since 20012.087.096.639
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007E0979/00F000 | Flanders | 1,849 m² | 1 · 174 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DE CUBBER IMMO
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RP-MALONNE
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 4,421 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-05-1998
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.