FRECOM
ActiveSummary
FRECOM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For FRECOM, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €763,483 and a net result of €25,235. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 24% of 6,073 sector peers (NACE 64, financial year 2024). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €763,483
- Profit
- €25,235
- Holdings
- 1
Signalsraises riskWeak solvency vs sectorAnnual accounts not filed2024 accounts filed 61 days lateShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 6 accounts on average 46 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
- Amendment of the articles · Legal-form…Capital conversion · Board composition…
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 25 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result recovers in 2024; 2024 is 2% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €86,117 | - | - | €28,845 | €86,271 | ▲ 199% |
| Other operating charges640/8 | - | - | - | €1,584 | €1,018 | €1,117 | €14,610 | ▲ 13× |
| Gross operating margin9900 | €112,315 | €55,036 | €65,519 | €112,672 | €164,564 | €114,325 | €186,564 | ▲ 63.2% |
| Operating profit (loss)9901 | €111,862 | €54,582 | -€21,055 | €111,088 | €163,546 | €84,363 | €85,683 | ▲ 1.6% |
| Financial income75/76B | - | - | - | €890 | €1,221 | - | - | - |
| Recurring financial income75 | €15 | €18 | €1,235 | €890 | €1,221 | - | - | - |
| Financial charges65/66B | - | - | - | €24,516 | €26,438 | €19,876 | €50,754 | ▲ 155% |
| Recurring financial charges65 | €9,374 | €8,852 | €9,671 | €24,516 | €26,438 | €19,876 | €50,754 | ▲ 155% |
| Profit (loss) for the period before taxes9903 | €102,503 | €45,748 | -€29,491 | €87,462 | €138,328 | €64,487 | €34,929 | ▼ 45.8% |
| Income taxes67/77 | €28,789 | €12,824 | €184 | €18,670 | €12,768 | €5,862 | €9,693 | ▲ 65.3% |
| Profit (loss) for the period9904 | €73,714 | €32,924 | -€29,675 | €68,792 | €125,561 | €58,624 | €25,235 | ▼ 57.0% |
| Profit (loss) for the period to be appropriated9905 | €73,714 | €32,924 | -€29,675 | €68,792 | €125,561 | €58,624 | €25,235 | ▼ 57.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.7m | €0.7m | €1.4m | €1.6m | €3.6m | €3.2m | €3.2m | ▲ 0.5% |
| Fixed assets21/28 | €0.6m | €0.6m | €1.3m | €1.4m | €3.2m | €3.1m | €3.1m | ▼ 1.2% |
| Tangible fixed assets22/27 | - | - | €0.8m | €0.8m | €2.6m | €2.5m | €2.5m | ▼ 1.4% |
| Land and buildings22 | - | - | - | €0.8m | €2.6m | €2.5m | €2.5m | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.05m | - |
| Financial fixed assets28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Current assets29/58 | €0.1m | €0.1m | €0.08m | €0.1m | €0.4m | €0.05m | €0.1m | ▲ 101% |
| Amounts receivable within one year40/41 | €0.02m | €0.03m | €0.03m | €0.03m | €0.4m | €0.04m | €0.06m | ▲ 61.7% |
| Trade receivables40 | - | - | - | - | €0.4m | €0.03m | €0.04m | ▲ 40.8% |
| Other amounts receivable41 | - | - | - | €0.03m | €4 | €0.005m | €0.01m | ▲ 193% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.04m | €0.09m | €0.01m | €0.02m | €0.04m | ▲ 191% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €1.4m | €1.6m | €3.6m | €3.2m | €3.2m | ▲ 0.5% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 3.4% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Contributions outside capital11 | - | - | - | €0.1m | - | - | - | - |
| Other1109/19 | - | - | - | €0.1m | - | - | - | - |
| Revaluation surpluses12 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | ▲ 4.9% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 5.1% |
| Amounts payable17/49 | €0.3m | €0.3m | €1.0m | €1.0m | €2.9m | €2.4m | €2.4m | ▼ 0.4% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.9m | €0.9m | €1.8m | €1.7m | €1.6m | ▼ 6.1% |
| Financial debts170/4 | - | - | - | €0.7m | €1.6m | €1.5m | €1.4m | ▼ 5.6% |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 10.4% |
| Amounts payable within one year42/48 | €0.06m | €0.04m | €0.08m | €0.1m | €1.1m | €0.7m | €0.8m | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.1m | €0.1m | €0.1m | ▲ 0.6% |
| Trade debts44 | €0.008m | €0.008m | €0.008m | €0.04m | €0.6m | €0.007m | - | - |
| Suppliers440/4 | - | - | - | €0.04m | €0.6m | €0.007m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 4.8% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 4.8% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.4m | €0.6m | €0.7m | ▲ 16.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.01m | - | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.07m | €0.03m | -€0.03m | €0.07m | €0.1m | €0.06m | €0.03m | ▼ 57.0% |
| + Depreciation and write-downs630 | - | - | €0.09m | - | - | €0.03m | €0.09m | ▲ 199% |
| Operating cash flow (approximation) | €0.07m | €0.03m | €0.06m | €0.07m | €0.1m | €0.09m | €0.1m | ▲ 27.5% |
| Investment in fixed assets (approximation) | - | €0 | -€0.8m | -€0.09m | -€1.7m | -€0.003m | -€0.05m | ▼ 1,658% |
| Change in cash | - | -€0.01m | -€0.06m | €0.04m | -€0.08m | €0.001m | €0.03m | ▲ 35× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 30-09-2025 | 2025-00528941 |
| 31-12-2023 | abbreviated format | 30-09-2024 | 2024-00489599 |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00425588 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20428632 |
| 31-12-2020 | abbreviated format | 30-09-2021 | 2021-69500419 |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-49700491 |
| 31-12-2018 | abbreviated format | 10-07-2019 | 2019-31700440 |
| 31-12-2017 | abbreviated format | 11-07-2018 | 2018-32800339 |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-57300384 |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-48400041 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- enige aandeelhouder all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 19-01-2024 Converted to available equity · €152,900
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
66.67%
According to the 2022 annual accounts of FRECOM and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
19-01
Gazette deed
Amendment of the articles · Legal-form changeCapital conversion · Board composition · Shareholding5 facts ▸
- General meeting, 22-12-2023
- Amendment of the articles (3 times)
- Capital conversion, “beschikbare inbreng” (deed in Dutch)
- Board composition, Cools Frederik (enige niet statutaire bestuurder)
- Shareholding, “artikel 2:14,4° Wetboek vennootschappen en verenigingen, vennootschapsdossier” (deed in Dutch)
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36009B0620/00A002 | Flanders | 443 m² | 1 · 150 m² | 9.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Zo in België als in het buitenland,hetzij rechtstreeks,hetzij als tussenpersoon,alle activiteiten als…” (deed in Dutch)
13 activities (deed in Dutch)
- Zo in België als in het buitenland,hetzij rechtstreeks,hetzij als tussenpersoon,alle activiteiten als holding,patrimoniumvennootschap,beheermaatschappij,managementvennootschap,financier,adviseur op alle domeinen waarin zij competent is,en waarin zij actief mag zijn in overeenstemming met de wettelijke reglementeringen,dit alles ter uitsluiting van de activiteiten inzake beleggingsadvies en vermogensbeheer die aan een wettelijk erkennings- en inschrijvingsregime onderworpen zijn,en voor zover daartoe geen erkenning en inschrijving werd bekomen,en ter uitsluiting van alle andere activiteiten wettelijk voorbehouden aan erkende financiële instellingen en andere tussenpersonen.
- De aankoop,verkoop en ruiling,het beheer en de valorisatie van haar eigen roerend patrimonium,bestaande uit onder meer waardepapieren,aandelen,obligaties,staatsfondsen en van alle roerende goederen en rechten,inbegrepen handelszaken
- Het verwerven en beheren van participaties,in eender welke vorm,in alle bestaande of op te richten vennootschappen,ondernemingen,economische samenwerkingsverbanden,beroepsverenigingen of groeperingen,evenals het verlenen van alle managementbijstand en het uitoefenen van alle bestuursmandaten,volmachtdrager,mandataris of vereffenaar en het ter beschikking stellen van personen gespecialiseerd in het adviseren en/of besturen van ondernemingen,dit alles in de meest ruime zin
- Het stimuleren,de planning en coördinatie van de ontwikkeling van vennootschappen en ondernemingen; het deelnemen aan het beheer,bestuur en toezicht van evenals het verlenen van technische,administratieve en financiële bijstand aan vennootschappen en ondernemingen waarin zij rechtstreeks of onrechtstreeks enig belang heeft
- In het raam van haar thesauriebeheer,het rechtstreeks uitvoeren of door toedoen van vestigingen in België of in het buitenland van trading en deviezenoperaties en de tussenkomst in de emissie en plaatsing van aandelen,obligaties en allerhande effecten
- Alle verbintenissen van borgtocht,aval of van eender welke garanties; het verstrekken van leningen,voorschotten of borgstellingen. De vennootschap mag ten voordele van derden tevens waarborgen toestaan,alle roerende waarden verpanden en alle onroerende goederen met hypotheek bezwaren.
- Het beheren van een eigen onroerend patrimonium en het valoriseren van dit patrimonium vooral door beheersdaden,zoals onroerende goederen verwerven,laten bouwen en verbouwen,laten opschikken,laten uitrusten,ombouwen,verfraaien,in huur geven of nemen,in leasing geven of nemen,verkavelen,onderhouden,ontwikkelen en uitbaten,urbaniseren,vervreemden en ruilen met het oog op beheer,wederbelegging en opbrengst.
- Projectontwikkeling in de bouw en toezicht op de bouwwerkzaamheden.
- De fabricatie van metalen constructies,de werkplaats voor algemene mechaniek,de kleinhandel in ijzerwaren,machines,werktuigmachines,gereedschappen en toebehoren voor de metaalverwerking; de bouwactiviteiten in rechtstreeks of onrechtstreeks verband met metaalconstructies; het vervaardigen van aanhangwagens,vacuümtanks en landbouwwagens.
- De vennootschap zal alle industriële,commerciële,financiële,roerende en onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp,die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden,en die daartoe noodzakelijk,nuttig of zelfs alleen maar bevorderend zijn.
- De vennootschap mag daarenboven belangen nemen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen,economische samenwerkingsverbanden,beroepsverenigingen of groeperingen,bestaande of op te richten,zo in België als in het buitenland,die een gelijkluidend,aanvullend of soortgelijk voorwerp nastreven,of die van aard zijn de ontwikkeling van haar onderneming te bevorderen.
- De vennootschap is bevoegd deel te nemen,onder gelijk welke vorm,aan de oprichting,uitbreiding,omzetting,fusie,opslorping,het bestuur en de controle van ondernemingen met gelijkaardige,aanverwante of aanvullende activiteiten; ze kan verder alle hulp verlenen aan natuurlijke of rechtspersonen waarin ze belang stelt onder meer in de vorm van leningen,voorschotten of borgstellingen,alsook bij wijze van bijstand inzake bestuur en/of administratie. De vennootschap mag ten voordele van derden tevens alle waarborgen toestaan,alle roerende goederen verpanden,alle onroerende goederen met hypotheek bezwaren.
- De vennootschap mag bijgevolg optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen,borg stellen voor derden,bestuurders en aandeelhouders,evenals hun leningen,voorschotten en kredieten toestaan,behoudens de wettelijke beperkingen ter zake.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FRECOM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen” (deed in Dutch)“Machten, behoudens inrichting door algemene vergadering van collegiaal bestuursorgaan” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 18:00