Equity
€658,608 ▼ 9.1%
FRECO paid out €174,870 in dividends. That is 160% of the 2025 profit.
FRECO
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €765,078 (2021)
€217,283▲ 50.6%
lowest -€37,850 (2019)
€109,334▲ 97.4%
peak €749,520 (2022)
€658,608▼ 9.1%
€71,702▲ 3.3%
Board1 name since 2021
1 director
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €144,256 to €217,283Result from €55,387 to €109,334Dividend €174,870Cash from €203,062 to €75,872
Key points
from the 2025 annual accountsResult
€109,334 ▲ 97.4%
The result rose in 2025 from €55,387 to €109,334.
Turnover
≈ €820,000 estimated
The accounts state no turnover.
Liquidity
3.66 was 5.47 in 2024
Short-term debts rose from €39,730 to €56,571.
Filings
37 annual accounts since 1989
The last five annual accounts were filed 13 to 39 days before the end of the period.
Position in the sector
€109,334
Higher net result than 95% of companies in wholesale trade. Sector median €5,606 · 13,813 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 20,124 companies had the same profile as FRECO has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,124 companies, not a prediction for FRECO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0434702728
Registered office moved from Harelbeke to Kuurne
New registered office: Verbindingsweg 10, 8520 Kuurne · Previous registered office: Haringstraat 52, 8531 Harelbeke · General meeting of 28-06-2022 · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Provincie West-Vlaanderen
Capital decrease
Capital from €184,250.01 to €29,000.01 · Capital from €29,000.01 to €29,000 · General meeting of 02-05-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRECO Kuurne | €0.8m | €217,283 | 78.8% | - |
| C.M.D. Uccle | €0.8m | €186,733 | 10.3% | - |
| Michel ALLAEYS Roeselare | €0.9m | €213,748 | 37.8% | 1 |
| ARCADEL Roeselare | €0.8m | €320,487 | 44.0% | 1.8 |
| VERCRUYSSE LUC EN PARTNERS Knokke-Heist | €1.1m | €135,932 | 75.8% | - |
| SITUS JUVENIS Roeselare | €1.2m | €136,431 | 98.5% | - |
| PRIMERA PROCESSING Bruges | €0.8m | €121,880 | 43.8% | - |
These companies have the same main activity as FRECO: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €757,000 and €1.2m, founded between 1986 and 1995.
Official details
Source: KBO- Status
- Active since 19-07-1988Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Establishment unit
- 2.039.295.8318520 Kuurne, since 25-07-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Annual accounts 2025
- €835,683▼ 7.7%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on FRECO
FRECO files the micro format. That format states no turnover. The gross margin rose from €41,494 in 2006 to €217,283 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FRECO
- What is the company number of FRECO?
- The company number of FRECO is 0434.702.728. The VAT number is the same number with BE in front: BE 0434.702.728.
- Where is FRECO based?
- The registered office is at Verbindingsweg 10, 8520 Kuurne.Company details
- What does FRECO do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of FRECO?
- FRECO is a private limited company (pre-2019) (BVBA).
- When was FRECO founded?
- FRECO was founded on 19-07-1988.
- Is FRECO still active?
- Yes, FRECO is an active enterprise in the KBO register.
- What is the turnover of FRECO?
- The turnover in financial year 2025 is ≈ €820,000. This figure is estimated from the gross margin of €217,283 and 31 comparable companies (NACE 461). It probably lies between €380,000 and €2.0m.Financials
- Is FRECO profitable?
- In financial year 2025, FRECO made a profit of €109,334.
- Where can I find the annual accounts of FRECO?
- FRECO filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FRECO due?
- FRECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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