FRED EAU VERT
ActiveSummary
The computed 12-month bankruptcy probability of FRED EAU VERT is 2.8% (moderate). The 2025 annual accounts show equity of €102,390 and a net result of -€38,381. Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 23% of 34,954 sector peers (NACE 43, financial year 2025). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-10-2007 Normal situation
- Activity
- Other building finishing work NACE 43350
- Establishment unit
- 2.166.108.780 5537 Anhée, since 18-10-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 23-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.8%
- Gross margin
- -€7,163
- Loss
- €38,381
- Equity
- €102,390
- ▼ 27.3%
- Total assets
- €493,686
- ▼ 5.5%
- 2025 accounts filed 60 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.12Last filed accounts filed 60 days late; 1 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)Loss of €38,381 (financial year 2025)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 22% of them on solvency, 76% on liquidity, 11% on profitability and 15% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 60 days after the deadline Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00539046.
Annual accounts 2025 filed on 29-09-2026 at the NBB all 18 filings
Every figure per financial year
The operating result for 2025 is a loss of €27,737, after a profit of €43,548 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €58,546 | €52,001 | €85,106 | €3,821 | - |
| Depreciation and write-downs of the year | €9,545 | €9,544 | €16,348 | €16,463 | €16,463 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,058 | €24,372 | €13,677 | €9,545 | €9,544 | €16,348 | €16,463 | €16,463 | = |
| Other operating charges640/8 | - | - | - | €9,077 | €2,502 | €3,964 | €6,303 | €4,111 | ▼ 34.8% |
| Non-recurring operating charges66A | - | - | - | - | €5,212 | - | - | - | - |
| Gross operating margin9900 | €67,516 | €42,114 | €31,766 | €83,478 | €40,605 | €31,188 | €66,314 | -€7,163 | - |
| Operating profit (loss)9901 | €52,177 | €16,243 | €16,143 | €64,856 | €23,347 | €10,876 | €43,548 | -€27,737 | - |
| Financial income75/76B | - | - | - | €63 | €8,650 | €338 | €951 | €15 | ▼ 98.4% |
| Recurring financial income75 | €66 | €142 | €4 | €63 | €2 | €338 | €951 | €15 | ▼ 98.4% |
| Non-recurring financial income76B | - | - | - | - | €8,648 | - | - | - | - |
| Financial charges65/66B | - | - | - | €19,189 | €11,230 | €15,018 | €15,548 | €10,561 | ▼ 32.1% |
| Recurring financial charges65 | €11,373 | €13,403 | €12,077 | €11,631 | €11,230 | €15,018 | €15,548 | €10,561 | ▼ 32.1% |
| Non-recurring financial charges66B | - | - | - | €7,558 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €40,870 | €2,982 | €4,070 | €45,730 | €20,767 | -€3,804 | €28,951 | -€38,283 | - |
| Income taxes67/77 | €12,534 | €1,353 | €1,508 | €14,006 | €5,678 | -€1,435 | €7,235 | €98 | ▼ 98.6% |
| Profit (loss) for the period9904 | €28,336 | €1,629 | €2,562 | €31,724 | €15,089 | -€2,369 | €21,716 | -€38,381 | - |
| Profit (loss) for the period to be appropriated9905 | €28,336 | €1,629 | €2,562 | €31,724 | €15,089 | -€2,369 | €21,716 | -€38,381 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €331,004 | €395,126 | €397,489 | €510,000 | €491,321 | €536,338 | €522,421 | €493,686 | ▼ 5.5% |
| Fixed assets21/28 | €271,603 | €328,496 | €345,975 | €394,977 | €437,434 | €506,192 | €493,550 | €477,087 | ▼ 3.3% |
| Tangible fixed assets22/27 | €271,603 | €328,496 | €345,975 | €394,977 | €437,434 | €506,192 | €493,550 | €477,087 | ▼ 3.3% |
| Land and buildings22 | - | - | - | €394,977 | €437,434 | €506,192 | €493,550 | €477,087 | ▼ 3.3% |
| Current assets29/58 | €59,401 | €66,630 | €51,514 | €115,023 | €53,887 | €30,146 | €28,871 | €16,599 | ▼ 42.5% |
| Stocks and contracts in progress3 | €37,417 | €56,135 | €29,624 | €38,839 | €36,782 | €21,815 | €22,545 | €8,439 | ▼ 62.6% |
| Stocks30/36 | - | - | - | €38,839 | €36,782 | €21,815 | €22,545 | €8,439 | ▼ 62.6% |
| Amounts receivable within one year40/41 | €18,844 | €9,768 | €21,399 | €75,399 | €17,105 | €8,331 | €6,326 | €8,159 | ▲ 29.0% |
| Trade receivables40 | - | - | - | €75,100 | €13,400 | €8,331 | €6,183 | €8,159 | ▲ 32.0% |
| Other amounts receivable41 | - | - | - | €299 | €3,705 | - | €143 | - | - |
| Cash at bank and in hand54/58 | €1,730 | €158 | - | - | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €785 | - | - | - | €1 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €331,004 | €395,126 | €397,489 | €510,000 | €491,321 | €536,338 | €522,421 | €493,686 | ▼ 5.5% |
| Equity10/15 | €70,420 | €72,049 | €74,611 | €106,335 | €121,424 | €119,055 | €140,771 | €102,390 | ▼ 27.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €51,820 | €53,449 | €56,011 | €87,735 | €102,824 | €100,455 | €122,171 | €83,790 | ▼ 31.4% |
| Amounts payable17/49 | €260,584 | €323,077 | €322,878 | €403,665 | €369,897 | €417,283 | €381,650 | €391,296 | ▲ 2.5% |
| Amounts payable after more than one year17 | €204,338 | €231,747 | €235,375 | €275,816 | €281,283 | €336,931 | €295,390 | €252,256 | ▼ 14.6% |
| Financial debts170/4 | - | - | - | €245,816 | €251,283 | €306,931 | €265,390 | €222,256 | ▼ 16.3% |
| Other amounts payable178/9 | - | - | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Amounts payable within one year42/48 | €56,246 | €91,330 | €87,503 | €127,849 | €88,614 | €80,352 | €86,260 | €139,040 | ▲ 61.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,995 | €30,110 | €40,021 | €45,106 | €43,134 | ▼ 4.4% |
| Financial debts43 | - | - | - | - | €9,816 | €9,919 | €6,968 | €28,657 | ▲ 311% |
| Credit institutions430/8 | - | - | - | - | €9,816 | €9,919 | €6,968 | €28,657 | ▲ 311% |
| Trade debts44 | €10,946 | €10,748 | €14,041 | €27,490 | €6,600 | €10,599 | €14,996 | €37,697 | ▲ 151% |
| Suppliers440/4 | - | - | - | €27,490 | €6,600 | €10,599 | €14,996 | €37,697 | ▲ 151% |
| Taxes, remuneration and social security45 | - | - | - | €57,449 | €21,191 | €10,155 | €7,235 | €9,159 | ▲ 26.6% |
| Taxes450/3 | - | - | - | €57,449 | €21,191 | €10,155 | €7,235 | €9,159 | ▲ 26.6% |
| Other amounts payable47/48 | - | - | - | €23,915 | €20,897 | €9,658 | €11,955 | €20,393 | ▲ 70.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,336 | €1,629 | €2,562 | €31,724 | €15,089 | -€2,369 | €21,716 | -€38,381 | - |
| + Depreciation and write-downs630 | €14,058 | €24,372 | €13,677 | €9,545 | €9,544 | €16,348 | €16,463 | €16,463 | = |
| Operating cash flow (approximation) | €42,394 | €26,001 | €16,239 | €41,269 | €24,633 | €13,979 | €38,179 | -€21,918 | - |
| Investment in fixed assets (approximation) | - | -€81,265 | -€31,156 | -€58,547 | -€52,001 | -€85,106 | -€3,821 | €0 | - |
| Change in cash | - | -€1,572 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,423 companies had the same profile as FRED EAU VERT has now. Two years later, 96.5% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FRED EAU VERT itself is higher: 2.8% within 12 months. It rests on far more data about FRED EAU VERT than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,423 companies, not a prediction for FRED EAU VERT. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00539046 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00220981 | |
| 31-12-2023 | micro format | 22-07-2024 | 2024-00291748 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00409030 | |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20197657 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59200030 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50700137 | |
| 31-12-2018 | micro format | 19-06-2019 | 2019-21100479 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-58700088 | |
| 31-12-2016 | full format | 23-06-2017 | 2017-21400588 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 07-11-2023 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| RODRIQUE Frédéric |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Rémunération des administrateurs, assemblée générale décide si mandat gratuit ou non”
Articles of association, deed of 07-11-2023 (in French)
Network & group
FRED EAU VERT shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of FRED EAU VERT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-11
Gazette deed
Change of role: RODRIQUE Frédéric, from manager to directorCapital conversion · Purpose change · Amendment of the articles11 points ▸
- General meeting, 06-10-2023
- Other provision, “adaptation des statuts au CSA et maintien de la forme SRL, adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “rapport de l’organe d’administration demeurera annexé, dispense de lecture du rapport sur la modification de l’objet social” (deed in French)
- Purpose change
- Amendment of the articles
- Capital
- Director resignation, RODRIQUE Frédéric (manager)
- Director appointment, RODRIQUE Frédéric (director (not named in the articles))
- Other provision, “décharge pour l’exécution de son mandat, décharge au gérant démissionnaire reportée” (deed in French)
- Registered office clause, “5530 Yvoir,Clos du Chenois,3 bte 3” (deed in French)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0893.109.286
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 91005B0059/00M003 | Wallonia | 3,144 m² | 1 · 145 m² | 5.0 m · 1 |
| 91141B0323/00T000 | Wallonia | 627 m² | 1 · 217 m² | 11.7 m · 3 |