Summary
FREC CONSULTING has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.03M and a net result of €257k. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 37953 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
33 d early
2022
32 d early
2021
37 d early
2020
36 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€2.03M▲ 12.0%
2023 · €1.81M
2018: €315klowest in 7 years
2019: €378k▲ +20.1% vs 2018
2020: €448k▲ +18.6% vs 2019
2021: €1.37M▲ +205% vs 2020
2022: €1.51M▲ +10.1% vs 2021
2023: €1.81M▲ +20.2% vs 2022
2024: €2.03M▲ +12.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€2.70M▲ 0.4%
2023 · €2.69M
2018: €437klowest in 7 years
2019: €478k▲ +9.5% vs 2018
2020: €738k▲ +54.3% vs 2019
2021: €2.62M▲ +255% vs 2020
2022: €2.66M▲ +1.5% vs 2021
2023: €2.69M▲ +1.3% vs 2022
2024: €2.70M▲ +0.4% vs 2023highest in 7 years
2018 → 2024
Net result
€257k▼ 25.5%
2023 · €345k
2018: €76k
2019: €113k▲ +48.8% vs 2018
2020: €70k▼ -38.0% vs 2019lowest in 7 years
2021: €963k▲ +1271% vs 2020highest in 7 years
2022: €239k▼ -75.2% vs 2021
2023: €345k▲ +44.6% vs 2022
2024: €257k▼ -25.5% vs 2023
2018 → 2024
Working capital
€188k▲ 20.3%
2023 · €156k
2018: €-85klowest in 7 years
2019: €-22k▲ +74.3% vs 2018
2020: €35k▲ +259% vs 2019
2021: €113k▲ +224% vs 2020
2022: €49k▼ -56.5% vs 2021
2023: €156k▲ +218% vs 2022
2024: €188k▲ +20.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€448k-€1.37M▲ 205%€1.51M▲ 10.1%€1.81M▲ 20.2%€2.03M▲ 12.0%
2020: €448klowest in 5 years
2021: €1.37M▲ +205% vs 2020
2022: €1.51M▲ +10.1% vs 2021
2023: €1.81M▲ +20.2% vs 2022
2024: €2.03M▲ +12.0% vs 2023highest in 5 years
Operating result€-12k-€9k€12k▲ 30.8%€72k▲ 514%€28k▼ 61.8%
2020: €-12klowest in 5 years
2021: €9k▲ +173% vs 2020
2022: €12k▲ +30.8% vs 2021
2023: €72k▲ +514% vs 2022highest in 5 years
2024: €28k▼ -61.8% vs 2023
Net result€70k-€963k▲ 1,271%€239k▼ 75.2%€345k▲ 44.6%€257k▼ 25.5%
2020: €70klowest in 5 years
2021: €963k▲ +1271% vs 2020highest in 5 years
2022: €239k▼ -75.2% vs 2021
2023: €345k▲ +44.6% vs 2022
2024: €257k▼ -25.5% vs 2023
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 2024; 2024 is 62% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.70M
Fixed assets
€2.16M ▼ 0.8%
Current assets
€543k ▲ 5.4%
Equity and liabilities €2.70M
Equity
€2.03M ▲ 12.0%
Debt
€675k ▼ 23.4%
Debt's share of the balance-sheet total falls from 32.7% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
12.7%▼
2023 · 19.0%
ROA
9.5%▼
2023 · 12.8%
Debt ≤ 1 year
€355k▼
2023 · €359k
Debt > 1 year
€319k▼
2023 · €522k
Income taxes
€11k▼
2023 · €20k
Staff costs
€146k▲
2023 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.69M€2.70M▲
Fixed assets21/28€2.18M€2.16M▼
Tangible fixed assets22/27€17k€0▼
Furniture and vehicles24€17k-
Financial fixed assets28€2.16M€2.16M=
Current assets29/58€515k€543k▲
Amounts receivable within one year40/41€248k€109k▼
Trade receivables40€48k€69k▲
Other amounts receivable41€200k€40k▼
Current investments50/53€249k€349k▲
Cash at bank and in hand54/58€18k€84k▲
Deferred charges and accrued income490/1€719€1k▲
Equity and liabilities
Total equity and liabilities10/49€2.69M€2.70M▲
Equity10/15€1.81M€2.03M▲
Contributions10/11€100k€100k=
Reserves13€259k€259k=
Non-distributable reserves130/1€259k€259k=
Reserves not available under the articles1311€10k€10k=
Own shares acquired1312€249k€249k=
Profit (loss) carried forward14€1.45M€1.67M▲
Amounts payable17/49€881k€675k▼
Amounts payable after more than one year17€522k€319k▼
Financial debts170/4€322k€119k▼
Other amounts payable178/9€200k€200k=
Amounts payable within one year42/48€359k€355k▼
Current portion of amounts payable after more than one year42€207k€203k▼
Trade debts44€45k€61k▲
Suppliers440/4€45k€61k▲
Taxes, remuneration and social security45€61k€44k▼
Taxes450/3€41k€22k▼
Remuneration and social security454/9€19k€22k▲
Other amounts payable47/48€46k€47k▲
Accrued charges and deferred income492/3-€232
Income statement
Code20232024
Remuneration, social security and pensions62€136k€146k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k-
Other operating charges640/8€4k€12k▲
Gross operating margin9900€221k€186k▼
Operating profit (loss)9901€72k€28k▼
Financial income75/76B€300k€245k▼
Recurring financial income75€300k€245k▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€365k€268k▼
Income taxes67/77€20k€11k▼
Profit (loss) for the period9904€345k€257k▼
Profit (loss) for the period to be appropriated9905€345k€257k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.49M€1.71M▲
Profit (loss) brought forward from the previous period14P€1.15M€1.45M▲
Profit to be distributed694/7€40k€40k=
Return on contributions (dividend)694€40k€40k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €123k | €124k | €136k | €146k | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €919 | €9k | €9k | €9k | - | - |
| Other operating charges640/8 | - | €4k | €3k | €4k | €12k | ▲ 223% |
| Gross operating margin9900 | €113k | €145k | €148k | €221k | €186k | ▼ 15.9% |
| Operating profit (loss)9901 | €-12k | €9k | €12k | €72k | €28k | ▼ 61.8% |
| Financial income75/76B | - | €960k | €240k | €300k | €245k | ▼ 18.2% |
| Recurring financial income75 | €90k | €960k | €240k | €300k | €245k | ▼ 18.2% |
| Non-recurring financial income76B | - | €960k | - | - | - | - |
| Financial charges65/66B | - | €6k | €9k | €7k | €5k | ▼ 30.3% |
| Recurring financial charges65 | €549 | €6k | €9k | €7k | €5k | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | €77k | €963k | €242k | €365k | €268k | ▼ 26.6% |
| Income taxes67/77 | €7k | €550 | €4k | €20k | €11k | ▼ 45.2% |
| Profit (loss) for the period9904 | €70k | €963k | €239k | €345k | €257k | ▼ 25.5% |
| Profit (loss) for the period to be appropriated9905 | €70k | €963k | €239k | €345k | €257k | ▼ 25.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €738k | €2.62M | €2.66M | €2.69M | €2.70M | ▲ 0.4% |
| Fixed assets21/28 | €445k | €2.20M | €2.19M | €2.18M | €2.16M | ▼ 0.8% |
| Tangible fixed assets22/27 | €45k | €35k | €26k | €17k | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €35k | €26k | €17k | - | - |
| Financial fixed assets28 | €400k | €2.16M | €2.16M | €2.16M | €2.16M | = |
| Current assets29/58 | €294k | €423k | €472k | €515k | €543k | ▲ 5.4% |
| Amounts receivable within one year40/41 | €36k | €69k | €23k | €248k | €109k | ▼ 56.1% |
| Trade receivables40 | - | €69k | €23k | €48k | €69k | ▲ 42.5% |
| Other amounts receivable41 | - | - | - | €200k | €40k | ▼ 80.0% |
| Current investments50/53 | €249k | €249k | €249k | €249k | €349k | ▲ 40.2% |
| Cash at bank and in hand54/58 | €8k | €104k | €198k | €18k | €84k | ▲ 379% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €719 | €1k | ▲ 61.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €738k | €2.62M | €2.66M | €2.69M | €2.70M | ▲ 0.4% |
| Equity10/15 | €448k | €1.37M | €1.51M | €1.81M | €2.03M | ▲ 12.0% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €259k | €259k | €259k | €259k | €259k | = |
| Non-distributable reserves130/1 | - | €259k | €259k | €259k | €259k | = |
| Reserves not available under the articles1311 | - | €10k | €10k | €10k | €10k | = |
| Own shares acquired1312 | - | €249k | €249k | €249k | €249k | = |
| Profit (loss) carried forward14 | €90k | €1.01M | €1.15M | €1.45M | €1.67M | ▲ 14.9% |
| Amounts payable17/49 | €290k | €1.25M | €1.15M | €881k | €675k | ▼ 23.4% |
| Amounts payable after more than one year17 | €31k | €940k | €729k | €522k | €319k | ▼ 38.9% |
| Financial debts170/4 | - | €740k | €529k | €322k | €119k | ▼ 63.0% |
| Other amounts payable178/9 | - | €200k | €200k | €200k | €200k | = |
| Amounts payable within one year42/48 | €259k | €310k | €423k | €359k | €355k | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €209k | €211k | €207k | €203k | ▼ 1.9% |
| Trade debts44 | €23k | €20k | €68k | €45k | €61k | ▲ 35.3% |
| Suppliers440/4 | - | €20k | €68k | €45k | €61k | ▲ 35.3% |
| Taxes, remuneration and social security45 | - | €37k | €40k | €61k | €44k | ▼ 27.3% |
| Taxes450/3 | - | €17k | €20k | €41k | €22k | ▼ 47.3% |
| Remuneration and social security454/9 | - | €20k | €20k | €19k | €22k | ▲ 15.1% |
| Other amounts payable47/48 | - | €43k | €103k | €46k | €47k | ▲ 1.6% |
| Accrued charges and deferred income492/3 | - | €73 | - | - | €232 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €963k | €239k | €345k | €257k | ▼ 25.5% |
| + Depreciation and write-downs630 | €919 | €9k | €9k | €9k | - | - |
| Operating cash flow (approximation) | €71k | €972k | €248k | €354k | €257k | ▼ 27.4% |
| Investment in fixed assets (approximation) | - | €-1.76M | €0 | €0 | €17k | - |
| Change in cash | - | €95k | €95k | €-181k | €67k | ▲ 137% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €2MEq €2.03M ▲12%
7 profitable years in a row build equity to €2.03M.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €963k ▲1,271%
Net result €963k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.37M ▲205%
4 profitable years in a row build equity to €1.37M.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €70k ▼38%
Net result drops to €70k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Sambreville · 1 establishment unit since 2008
Ground area
1,518 m²
Building footprint
275 m²
Volume, LiDAR
1,042 m³
Parcel 92041B0262/00B002, Wallonia · tallest building 4.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Raphaël(FAL) 21, 5060 Sambreville
since 20082.174.304.884
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92041B0262/00B002 | Wallonia | 1,518 m² | 1 · 275 m² | 4.2 m · 1 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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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 20,011 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
Founded18-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.