FREBO
ActiveFREBO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €457k. Equity is shrinking by ~16.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 9% of 1025 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency6▼-1
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.6 in 2024), and 95.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
4.9%
Return on assets
40.3%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1025 sector peers (2025).
NBB · sector comparisonPosition among 1025 sector peers
Solvency
better than 9%
← weakest
strongest →
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 09-10-2025, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
78 d early
2023
111 d early
2022
123 d early
2021
98 d early
2020
2 d early
2019
42 d early
← before the deadline
after the deadline →
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 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€56k▼ 43.6%
2024 · €99k
2019: €268k
2020: €1.05M
2021: €179k
2022: €305k
2023: €412k
2024: €99k
2019 → 2025
Total assets
€1.13M▼ 15.7%
2024 · €1.34M
2019: €1.54M
2020: €1.59M
2021: €1.30M
2022: €1.05M
2023: €1.41M
2024: €1.34M
2019 → 2025
Net result
€457k▲ 4.6%
2024 · €437k
2019: €453k
2020: €783k
2021: €366k
2022: €526k
2023: €457k
2024: €437k
2019 → 2025
Working capital
€-412k▲ 11.8%
2024 · €-466k
2019: €-385k
2020: €287k
2021: €-109k
2022: €55k
2023: €-76k
2024: €-466k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179k-€305k▲ 70.7%€412k▲ 35.0%€99k▼ 76.0%€56k▼ 43.6%
Operating result€490k-€698k▲ 42.2%€565k▼ 19.0%€599k▲ 5.9%€618k▲ 3.2%
Net result€366k-€526k▲ 43.8%€457k▼ 13.2%€437k▼ 4.4%€457k▲ 4.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€467k▼ 27.3%
Current assets
€666k▼ 5.2%
Equity and liabilities €1.13M
Equity
€56k▼ 43.6%
Provisions
€0▼ 100%
Debt
€1.08M▼ 13.5%
The debt ratio rises from 92.6% to 95.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€804k▲
2024 · €782k
Cash flow
€643k▲
2024 · €620k
Solvency
4.9%▼
2024 · 7.4%
Current ratio
0.62▲
2024 · 0.60
Quick ratio
0.62▲
2024 · 0.60
Debt / equity
19.33▲
2024 · 12.59
ROE
819.8%▲
2024 · 441.5%
ROA
40.3%▲
2024 · 32.5%
Interest coverage
95.00▲
2024 · 49.87
Debt
€1.08M▼
2024 · €1.25M
Debt ≤ 1 year
€1.08M▼
2024 · €1.17M
Debt > 1 year
€0▼
2024 · €77k
Income taxes
€155k▲
2024 · €149k
Staff costs
€564k▼
2024 · €606k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.34M€1.13M▼
Fixed assets21/28€643k€467k▼
Tangible fixed assets22/27€628k€452k▼
Land and buildings22-€4k
Plant, machinery and equipment23€585k€416k▼
Furniture and vehicles24€43k€32k▼
Financial fixed assets28€15k€15k=
Current assets29/58€702k€666k▼
Amounts receivable within one year40/41€419k€338k▼
Trade receivables40€419k€338k▼
Other amounts receivable41-€659
Cash at bank and in hand54/58€263k€310k▲
Deferred charges and accrued income490/1€20k€17k▼
Equity and liabilities
Total equity and liabilities10/49€1.34M€1.13M▼
Equity10/15€99k€56k▼
Contributions10/11€35k€35k=
Reserves13€22k€21k▼
Tax-exempt reserves132€337€0▼
Distributable reserves133€22k€21k▼
Profit (loss) carried forward14€42k€0▼
Provisions and deferred taxes16€112€0▼
Deferred taxes168€112€0▼
Amounts payable17/49€1.25M€1.08M▼
Amounts payable after more than one year17€77k€0▼
Financial debts170/4€77k€0▼
Amounts payable within one year42/48€1.17M€1.08M▼
Trade debts44€125k€105k▼
Suppliers440/4€125k€105k▼
Taxes, remuneration and social security45€97k€77k▼
Taxes450/3€64k€44k▼
Remuneration and social security454/9€34k€33k▼
Other amounts payable47/48€946k€895k▼
Income statement
Code20242025
Remuneration, social security and pensions62€606k€564k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€183k€186k▲
Other operating charges640/8€8k€8k▲
Gross operating margin9900€1.40M€1.38M▼
Operating profit (loss)9901€599k€618k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€16k€8k▼
Recurring financial charges65€16k€8k▼
Profit (loss) for the period before taxes9903€585k€612k▲
Transfer from deferred taxes780€119€112▼
Income taxes67/77€149k€155k▲
Profit (loss) for the period9904€437k€457k▲
Transfer from tax-exempt reserves789€356€337▼
Profit (loss) for the period to be appropriated9905€437k€457k▲
Appropriation of the result
Profit (loss) to be appropriated9906€792k€499k▼
Profit (loss) brought forward from the previous period14P€355k€42k▼
Transfer from equity791/2-€849
Profit to be distributed694/7€750k€500k▼
Return on contributions (dividend)694€750k€500k▼
Social balance
Average headcount (FTE)908710.39.6▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Equity above €200kEq €305k ▲70.7%
4 profitable years in a row build equity to €305k.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Weakest financial yearnet €366k ▼53.2%
Net result drops to €366k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €783k ▲72.9%
Net result €783k, the highest in the series.
30-06
Financial
Liquidity triplescurrent ratio 1.78
Current ratio from 0.65 to 1.78; short-term debt falls from €1.10M to €367k.
30-06
Financial
Equity above €1MEq €1.05M ▲292%
2 profitable years in a row build equity to €1.05M.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Aarschot · 2 establishment units since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwlandlaan 623200 AarschotGround area
5,696 m²
Building footprint
2,042 m²
Volume, LiDAR
5,859 m³
2 parcels, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Nieuwlandlaan 62, 3200 Aarschot
since 19952.070.905.755
Ambachtsstraat 7, 3980 Tessenderlo-Ham
since 20262.386.151.795
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71362B1441/00T000 | Flanders | 4,373 m² | 1 · 1,640 m² | 6.6 m |
| 24662F0086/00P000 | Flanders | 1,323 m² | 1 · 403 m² | 6.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FP Atelier
BE 1003.546.063
Brecht · Eq €56k
FerroWeld
BE 1025.761.736
Tessenderlo-Ham · Eq €56k
PERTEC
BE 0846.199.690
Hulshout · Eq €55k
GESPRO Team
BE 0884.807.373
Flémalle · Eq €55k
CMM
BE 0836.961.332
Oosterzele · Eq €55k
Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 1,067 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-1995
Fiscal year end30-06
Activities, NACEBEL
25530Machining of metals
25639Manufacture of fabricated metal products, except machinery and equipment
28520
28620
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.