Freda
ActiveThe computed 12-month bankruptcy probability of Freda is 2.0% (moderate). The 2025 annual accounts show negative equity (€-14k) and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 1543 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-41
Solvency20▲+3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 0.85 in 2024; short-term debt: 99.7% and cash: 21.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 10
Relative position
BE, all sectors
reference
Sector 10
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
-4.6%
Return on assets
3.1%
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 19% of 1543 sector peers (2025).
NBB · sector comparisonPosition among 1543 sector peers
Solvency
better than 19%
← 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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
48 d early
2023
37 d early
2022
14 d early
2021
41 d early
2020
40 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€904k
EBIT margin
2.9%
Net result
€9k▼ 79.4%
2024 · €45k
2020: €14k
2021: €16k
2022: €-40k
2023: €-34k
2024: €45k
2020 → 2025
Working capital
€-62k▼ 50.6%
2024 · €-41k
2020: €14k
2021: €106k
2022: €14k
2023: €-48k
2024: €-41k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€904k-
Equity€5k-€-33k€-67k▼ 103%€-23k▲ 66.2%€-14k▲ 40.3%
Operating result€26k-€-40k€-30k▲ 25.7%€52k€19k▼ 63.0%
Net result€16k-€-40k€-34k▲ 13.7%€45k€9k▼ 79.4%
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 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €299k
Fixed assets
€63k▼ 8.4%
Current assets
€235k▲ 0.4%
Key figures and ratios
EBITDA
€34k▼
2024 · €69k
Cash flow
€24k▼
2024 · €62k
Solvency
-4.6%▲
2024 · -7.5%
Current ratio
0.79▼
2024 · 0.85
Quick ratio
0.51▼
2024 · 0.53
Debt / equity
-22.97▼
2024 · -14.33
ROA
3.1%▼
2024 · 14.7%
Interest coverage
2.80▼
2024 · 8.73
Debt
€312k▼
2024 · €326k
Debt ≤ 1 year
€298k▲
2024 · €276k
Debt > 1 year
€10k▼
2024 · €50k
Income taxes
€2k▲
2024 · €385
Staff costs
€97k▲
2024 · €87k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€304k€299k▼
Fixed assets21/28€69k€63k▼
Intangible fixed assets21€34k€29k▼
Tangible fixed assets22/27€32k€32k▼
Plant, machinery and equipment23€26k€27k▲
Furniture and vehicles24€6k€5k▼
Financial fixed assets28€3k€3k=
Current assets29/58€234k€235k▲
Amounts receivable after more than one year29€13k€0▼
Other amounts receivable291€13k€0▼
Stocks and contracts in progress3€88k€82k▼
Stocks30/36€88k€82k▼
Amounts receivable within one year40/41€96k€89k▼
Trade receivables40€96k€81k▼
Other amounts receivable41€31€8k▲
Cash at bank and in hand54/58€35k€63k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€304k€299k▼
Equity10/15€-23k€-14k▲
Contributions10/11€15k€15k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-41k€-32k▲
Amounts payable17/49€326k€312k▼
Amounts payable after more than one year17€50k€10k▼
Financial debts170/4€50k€10k▼
Amounts payable within one year42/48€276k€298k▲
Current portion of amounts payable after more than one year42€56k€40k▼
Financial debts43€75k€135k▲
Credit institutions430/8€75k€135k▲
Trade debts44€116k€72k▼
Suppliers440/4€116k€72k▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€28k€19k▼
Taxes450/3€9k€6k▼
Remuneration and social security454/9€19k€13k▼
Other amounts payable47/48€1k€23k▲
Accrued charges and deferred income492/3€771€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€87k€97k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€944▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€160k€134k▼
Operating profit (loss)9901€52k€19k▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Non-recurring financial income76B€0-
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€45k€11k▼
Income taxes67/77€385€2k▲
Profit (loss) for the period9904€45k€9k▼
Profit (loss) for the period to be appropriated9905€45k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-32k▲
Profit (loss) brought forward from the previous period14P€-86k€-41k▲
The notes to these accounts (13 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-40k ▼348%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wingene · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Verrekijker 258750 WingeneGround area
2,508 m²
Building footprint
781 m²
Volume, LiDAR
5,184 m³
Parcel 37018F1190/00X002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Delidaele
since 20192.290.760.908
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018F1190/00X002 | Flanders | 2,508 m² | 1 · 781 m² | 8.1 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 10,668 EUR awarded · 10,050 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 588 EUR | 0 EUR |
| 2023 | 2 | 9,180 EUR | 10,050 EUR |
| 2022 | 1 | 900 EUR | 0 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWingene2.290.760.908
Similar companies · same sector, comparable size
PRALINEUR ROGER CARRETTE
BE 0438.878.973
Deerlijk · Eq €5k
JANN CHOCOLATES
BE 0802.222.860
Maldegem · Eq €5k
Sjokolatjee
BE 0754.618.329
Scherpenheuvel-Zichem · Eq €4k
BALERDON
BE 0567.980.233
Sint-Niklaas · Eq €6k
Jumbb
BE 0647.508.454
Ukkel · Eq €6k
Of 725 companies in sector 10820 we hold annual accounts for 351. 73 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2019
Fiscal year end31-12
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
46360Wholesale trade
47242Retail sale of chocolate and confectionery
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.