FREANN
ActiveSummary
FREANN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88,689 and a net result of €4,816. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 1246 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+1
Solvency53▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 1.93 in 2023; short-term debt: 7% and cash: 7.8% of total assets), but 71.8% of the assets are financed with debt.
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Signals
Five 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28.2%
Return on assets
1.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
20 d early
2022
166 d early
2020
61 d late
2019
136 d late
2018
48 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#7 oldest company in Vilvoorde, Health and social work sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,816▼ 11.9%
2023 · €5,466
Working capital
€32,471▲ 50.2%
2023 · €21,612
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
Line20192020202220232024
Operating result€22,674▲ 34.1%€22,340▼ 1.5%€15,135-€17,217▲ 13.8%€16,411▼ 4.7%
Net result€8,759▲ 70.3%€6,785▼ 22.5%€4,184-€5,466▲ 30.6%€4,816▼ 11.9%
Equity€66,079▲ 15.3%€72,864▲ 10.3%€80,904-€86,370▲ 6.8%€88,689▲ 2.7%
Total assets€379,951▼ 7.2%€361,223▼ 4.9%€339,462-€330,363▼ 2.7%€314,694▼ 4.7%
Debt€313,872▼ 10.8%€288,359▼ 8.1%€258,559-€243,994▼ 5.6%€226,005▼ 7.4%
Working capital-€21,350▲ 3.4%-€8,748▲ 59.0%€13,019-€21,612▲ 66.0%€32,471▲ 50.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €314,694
Fixed assets
€260,200 ▼ 8.9%
Current assets
€54,494 ▲ 21.5%
Equity and liabilities €314,694
Equity
€88,689 ▲ 2.7%
Debt
€226,005 ▼ 7.4%
Debt's share of the balance-sheet total falls from 73.9% to 71.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,729▲
2023 · €40,511
Cash flow
€30,134▲
2023 · €28,760
Current ratio
2.47▲
2023 · 1.93
Debt to equity
2.55▼
2023 · 2.82
ROE
5.4%▼
2023 · 6.3%
ROA
1.5%▼
2023 · 1.7%
Interest coverage
5.29▲
2023 · 5.22
Debt ≤ 1 year
€22,023▼
2023 · €23,234
Debt > 1 year
€203,982▼
2023 · €220,760
Income taxes
€3,732▼
2023 · €3,990
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,972 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,972 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,217 | €30,387 | €21,277 | €23,294 | €25,318 | ▲ 8.7% |
| Other operating charges640/8 | - | - | €348 | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | - | - | €5,000 | - | - |
| Gross operating margin9900 | €54,239 | €53,075 | €36,760 | €45,896 | €42,116 | ▼ 8.2% |
| Operating profit (loss)9901 | €22,674 | €22,340 | €15,135 | €17,217 | €16,411 | ▼ 4.7% |
| Financial income75/76B | - | - | - | - | €32 | - |
| Recurring financial income75 | - | - | - | - | €32 | - |
| Non-recurring financial income76B | - | - | - | - | €32 | - |
| Financial charges65/66B | - | - | €9,047 | €7,761 | €7,894 | ▲ 1.7% |
| Recurring financial charges65 | - | - | €9,047 | €7,761 | €7,894 | ▲ 1.7% |
| Non-recurring financial charges66B | - | - | €9,047 | €7,761 | €7,894 | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | €13,086 | €10,234 | €6,088 | €9,456 | €8,548 | ▼ 9.6% |
| Income taxes67/77 | €4,326 | €3,448 | €1,904 | €3,990 | €3,732 | ▼ 6.5% |
| Profit (loss) for the period9904 | €8,759 | €6,785 | €4,184 | €5,466 | €4,816 | ▼ 11.9% |
| Profit (loss) for the period to be appropriated9905 | €8,759 | €6,785 | €4,184 | €5,466 | €4,816 | ▼ 11.9% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €379,951 | €361,223 | €339,462 | €330,363 | €314,694 | ▼ 4.7% |
| Fixed assets21/28 | €362,285 | €333,211 | €305,248 | €285,518 | €260,200 | ▼ 8.9% |
| Tangible fixed assets22/27 | €362,285 | €333,211 | €305,248 | €285,518 | €260,200 | ▼ 8.9% |
| Land and buildings22 | - | - | €269,853 | €257,822 | €241,487 | ▼ 6.3% |
| Plant, machinery and equipment23 | - | - | €16,054 | €10,903 | €5,752 | ▼ 47.2% |
| Furniture and vehicles24 | - | - | €16,657 | €14,780 | €11,619 | ▼ 21.4% |
| Other tangible fixed assets26 | - | - | €2,683 | €2,012 | €1,342 | ▼ 33.3% |
| Current assets29/58 | €17,665 | €28,011 | €34,215 | €44,846 | €54,494 | ▲ 21.5% |
| Amounts receivable within one year40/41 | €10,838 | €13,134 | €25,877 | €28,999 | €29,879 | ▲ 3.0% |
| Trade receivables40 | - | - | €24,281 | €28,999 | €29,817 | ▲ 2.8% |
| Other amounts receivable41 | - | - | €1,596 | - | €61 | - |
| Cash at bank and in hand54/58 | €6,626 | €14,676 | €8,338 | €15,846 | €24,616 | ▲ 55.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €379,951 | €361,223 | €339,462 | €330,363 | €314,694 | ▼ 4.7% |
| Equity10/15 | €66,079 | €72,864 | €80,904 | €86,370 | €88,689 | ▲ 2.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €45,619 | €52,404 | €60,444 | €65,910 | €68,229 | ▲ 3.5% |
| Amounts payable17/49 | €313,872 | €288,359 | €258,559 | €243,994 | €226,005 | ▼ 7.4% |
| Amounts payable after more than one year17 | €274,856 | €251,599 | €237,363 | €220,760 | €203,982 | ▼ 7.6% |
| Financial debts170/4 | - | - | €237,363 | €220,760 | €203,982 | ▼ 7.6% |
| Amounts payable within one year42/48 | €39,016 | €36,759 | €21,196 | €23,234 | €22,023 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | €17,188 | €18,588 | €18,051 | ▼ 2.9% |
| Trade debts44 | €3,868 | €3,493 | €4,008 | €3,606 | €2,872 | ▼ 20.4% |
| Suppliers440/4 | - | - | €4,008 | €3,606 | €2,872 | ▼ 20.4% |
| Taxes, remuneration and social security45 | - | - | - | €1,040 | €800 | ▼ 23.1% |
| Taxes450/3 | - | - | - | €1,040 | €800 | ▼ 23.1% |
| Other amounts payable47/48 | - | - | - | - | €300 | - |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,759 | €6,785 | €4,184 | €5,466 | €4,816 | ▼ 11.9% |
| + Depreciation and write-downs630 | €31,217 | €30,387 | €21,277 | €23,294 | €25,318 | ▲ 8.7% |
| Operating cash flow (approximation) | €39,977 | €37,172 | €25,461 | €28,760 | €30,134 | ▲ 4.8% |
| Investment in fixed assets (approximation) | - | -€1,313 | - | -€3,564 | €0 | ▲ 100% |
| Change in cash | - | €8,050 | - | €7,509 | €8,769 | ▲ 16.8% |
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
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 53 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €4,184 ▼38.3%
Net result drops to €4,184, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.61
Current ratio from 0.76 to 1.61; short-term debt falls from €36,759 to €21,196.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 136 days late
2019
31-12
Financial
Highest result since 2018net €8,759 ▲70.3%
Operating result €22,674, net result €8,759, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
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, Vilvoorde · 2 establishment units since 2001
Ground area
1,373 m²
Building footprint
474 m²
Volume, LiDAR
4,496 m³
2 parcels, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Berkendallaan 89, 1800 Vilvoorde
since 20012.302.873.436
Ann Coppé
since 20152.382.527.064
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0287/00N002 | Flanders | 1,019 m² | 1 · 390 m² | 15.6 m · 4 fl. |
| 23088A0107/00V004 | Flanders | 354 m² | 1 · 85 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 606 EUR awarded · 674 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 261 EUR | 329 EUR |
| 2022 | 1 | 345 EUR | 345 EUR |
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Of 12,699 companies in sector 86951 we hold annual accounts for 2,146. 1,892 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
Founded03-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
Contact
E-mail
anncoppe@telenet.be
Phone
02/2688199Grimbergen
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.