FRECARS
ActiveSummary
FRECARS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-126k) and a net result of €34k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 5% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-11
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.23 in 2024; short-term debt: 157.1% and cash: 5.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-57.1%
Return on assets
15.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 10359 sector peers (2025).
NBB · sector comparisonPosition among 10359 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
102 d late
2023
on the day
2022
31 d early
2021
30 d late
2020
6 d early
2019
23 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-126k▲ 21.1%
2024 · €-159k
2018: €-93k
2019: €-138k
2020: €-198k
2021: €-231k
2022: €-232k
2023: €-199k
2024: €-159k
2018 → 2025
Total assets
€220k▲ 34.5%
2024 · €164k
2018: €213k
2019: €132k
2020: €100k
2021: €83k
2022: €84k
2023: €136k
2024: €164k
2018 → 2025
Net result
€34k▼ 14.9%
2024 · €39k
2018: €2k
2019: €-45k
2020: €-61k
2021: €-33k
2022: €-750
2023: €33k
2024: €39k
2018 → 2025
Working capital
€-195k▲ 21.9%
2024 · €-250k
2018: €-206k
2019: €-201k
2020: €-230k
2021: €-253k
2022: €-226k
2023: €-268k
2024: €-250k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-231k-€-232k▼ 0.3%€-199k▲ 14.3%€-159k▲ 19.8%€-126k▲ 21.1%
Operating result€-29k-€-603▲ 97.9%€34k€40k▲ 17.4%€38k▼ 4.2%
Net result€-33k-€-750▲ 97.7%€33k€39k▲ 18.8%€34k▼ 14.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220k
Fixed assets
€69k ▼ 23.5%
Current assets
€151k ▲ 107%
Key figures and ratios
EBITDA
€60k▲
2024 · €57k
Cash flow
€55k▼
2024 · €57k
Solvency
-57.1%▲
2024 · -97.3%
Current ratio
0.44▲
2024 · 0.23
Quick ratio
0.29▲
2024 · 0.07
Debt to equity
-2.75▼
2024 · -2.03
ROA
15.2%▼
2024 · 24.1%
Interest coverage
123.43▼
2024 · 129.22
Debt
€346k▲
2024 · €323k
Debt ≤ 1 year
€346k▲
2024 · €323k
Income taxes
€4k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€164k€220k▲
Fixed assets21/28€91k€69k▼
Tangible fixed assets22/27€91k€69k▼
Furniture and vehicles24€91k€69k▼
Current assets29/58€73k€151k▲
Stocks and contracts in progress3€52k€52k=
Stocks30/36€52k€52k=
Amounts receivable within one year40/41€4k€87k▲
Trade receivables40€4k€4k▼
Other amounts receivable41€3€83k▲
Cash at bank and in hand54/58€17k€12k▼
Deferred charges and accrued income490/1-€746
Equity and liabilities
Total equity and liabilities10/49€164k€220k▲
Equity10/15€-159k€-126k▲
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-421k€-387k▲
Amounts payable17/49€323k€346k▲
Amounts payable within one year42/48€323k€346k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€1k€8k▲
Taxes450/3€1k€8k▲
Other amounts payable47/48€320k€335k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€21k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€63k€64k▲
Operating profit (loss)9901€40k€38k▼
Financial income75/76B€187€43▼
Recurring financial income75€9€43▲
Non-recurring financial income76B€178-
Financial charges65/66B€715€482▼
Recurring financial charges65€441€482▲
Non-recurring financial charges66B€274-
Profit (loss) for the period before taxes9903€39k€38k▼
Income taxes67/77-€4k
Profit (loss) for the period9904€39k€34k▼
Profit (loss) for the period to be appropriated9905€39k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-421k€-387k▲
Profit (loss) brought forward from the previous period14P€-460k€-421k▲
The notes to these accounts (8 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
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 102 days late
2024
31-12
Financial
Highest result since 2018net €39k ▲18.8%
Operating result €40k, net result €39k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €33k
Net result €33k after 4 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
31-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Heusden-Zolder · 1 establishment unit since 1990
Ground area
4,410 m²
Building footprint
2,386 m²
Parcel 71065F0240/00L000, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
FRECARS
since 19902.050.164.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0240/00L000 | Flanders | 4,410 m² | 1 · 2,386 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
A.X.U. CARS
BE 0763.619.929
Heusden-Zolder
Auto's Levent
BE 0896.973.054
Heusden-Zolder
AUTO'S Martin
BE 0459.855.323
Heusden-Zolder
AUTOHANDEL 53 HAROEN
BE 0758.657.586
Heusden-Zolder
AUTOHANDEL BULENT
BE 0859.820.668
Heusden-Zolder
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,667 companies in sector 47811 we hold annual accounts for 5,219. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
47813Retail trade
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.