Checked.be
Active
BE 0808.642.082Private limited company
FREDC°
Dennenlaan(HSD) 1C ·9120 Beveren-Kruibeke-Zwijndrecht, Belgium· 17 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
FREDC° has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.33M and a net result of €260k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 8388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €1.33M |
| Net result | €260k |
| Better than sector | 40% |
| Active | 17 yrs |
Financial profile
89
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
83
Profitability
98
Solvency
86
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
83
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€110k
estimate, not credit advice
Score history
81
2021
94
2022
94
2023
81
2024
83
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.34 (≥ 1.5)
+10
Quick ratio
Quick ratio 5.34 (≥ 1.0)
+5
Leverage
Debt/equity 1.42 (< 2.0)
+3
Profitability
ROE 20% (≥ 10%)
+10
Interest coverage
Interest coverage 3.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 41.3% | 53.1% | |
| Net result | €260k | €38k | |
| Equity | €1.33M | €354k | |
| Gross operating margin | €317k | €87k | |
| Employees (FTE) | 0.0 | 0.0 |
€298k
+31.2%
21-25
€260k
-32.8%
21-25
€332k
-26.7%
21-25
€3.22M
+4.9%
21-25
€1.33M
-3.3%
21-25
€905k
+19.4%
21-25
0
-
21-25
€71k
+18.9%
21-25
€306k
+194.2%
21-25
€1.89M
+11.5%
21-25
€208k
-6.4%
21-25
€1.68M
+14.1%
21-25
5.34
+21.3%
21-25
5.34
+21.3%
21-25
41.3%
-7.8%
21-25
1.42
+15.4%
21-25
19.5%
-30.5%
21-25
8.1%
-35.9%
21-25
3.16
+33.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €298k | €227k | €305k | €238k | €175k |
| Net profit | €260k | €387k | €391k | €263k | €108k |
| Cash flow | €332k | €452k | €451k | €323k | €168k |
| Staff costs | - | - | - | - | - |
| Income taxes | €71k | €60k | €90k | €74k | €44k |
| Dividends | €306k | €104k | €75k | €50k | €35k |
| Total assets | €3.22M | €3.07M | €2.58M | €2.24M | €2.04M |
| Equity | €1.33M | €1.38M | €1.09M | €1.05M | €832k |
| Debt | €1.89M | €1.70M | €1.49M | €1.19M | €1.21M |
| of which ≤ 1y | €208k | €223k | €125k | €206k | €171k |
| of which > 1y | €1.68M | €1.47M | €1.36M | €985k | €1.04M |
| Working capital | €905k | €758k | €769k | €290k | €72k |
| Employees (FTE) | 0.0 | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 5.34 | 4.40 | 7.15 | 2.41 | 1.42 |
| Quick ratio | 5.34 | 4.40 | 7.15 | 2.41 | 1.42 |
| Working capital ratio | 28.1% | 24.6% | 29.8% | 13.0% | 3.5% |
| Solvency | 41.3% | 44.8% | 42.3% | 46.7% | 40.7% |
| Debt / equity | 1.42 | 1.23 | 1.36 | 1.14 | 1.45 |
| Long-term debt ratio | 1.26 | 1.07 | 1.25 | 0.94 | 1.25 |
| Interest coverage | 3.16 | 2.37 | 7.33 | 5.76 | 4.54 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 8.1% | 12.6% | 15.1% | 11.8% | 5.3% |
| ROE | 19.5% | 28.1% | 35.8% | 25.1% | 12.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.22M | €3.07M | €2.58M | €2.24M | €2.04M |
| Fixed assets | 21/28 | €2.11M | €2.09M | €1.69M | €1.74M | €1.80M |
| Tangible fixed assets | 22/27 | €1.52M | €1.50M | €1.10M | €1.15M | €1.21M |
| Financial fixed assets | 28 | €592k | €592k | €592k | €592k | €592k |
| Current assets | 29/58 | €1.11M | €980k | €894k | €496k | €243k |
| Amounts receivable within one year | 40/41 | €201k | €308k | €316k | €201k | €80k |
| Investments | 50/53 | €870k | €655k | €543k | €280k | €150k |
| Cash & bank | 54/58 | €31k | €9k | €30k | €11k | €6k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.22M | €3.07M | €2.58M | €2.24M | €2.04M |
| Equity | 10/15 | €1.33M | €1.38M | €1.09M | €1.05M | €832k |
| Contributions / capital | 10/11 | - | - | €0 | €269k | €269k |
| Reserves | 13 | €1.33M | €1.37M | €1.09M | €775k | €561k |
| Accumulated profits (losses) | 14 | €3k | €2k | €2k | €2k | €2k |
| Amounts payable | 17/49 | €1.89M | €1.70M | €1.49M | €1.19M | €1.21M |
| Amounts payable after one year | 17 | €1.68M | €1.47M | €1.36M | €985k | €1.04M |
| Amounts payable within one year | 42/48 | €208k | €223k | €125k | €206k | €171k |
| Trade debts payable within one year | 44 | €31k | €7k | €5k | €2k | €2k |
| Income statement | ||||||
| Gross operating margin | 9900 | €317k | €301k | €325k | €254k | €190k |
| Operating result | 9901 | €226k | €162k | €246k | €178k | €115k |
| Financial income | 75 | €199k | €381k | €277k | €200k | €75k |
| Financial charges | 65 | €94k | €96k | €42k | €41k | €39k |
| Result before taxes | 9903 | €332k | €447k | €482k | €337k | €152k |
| Income taxes | 67/77 | €71k | €60k | €90k | €74k | €44k |
| Net result for the period | 9904 | €260k | €387k | €391k | €263k | €108k |
| Result to be appropriated | 9905 | €260k | €387k | €391k | €263k | €108k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 23-12-2008 |
| Status | Active |
| Postal code | 9120 |
Establishment units
FREDC°
since 20082.175.437.113
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46009A0205/00E000 | Flanders | 1,402 m² | 1 · 260 m² | 10.2 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 709 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €391k ▲48.7%
Operating result €246k, net result €391k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 7.15
Current ratio from 2.41 to 7.15; short-term debt falls from €206k to €125k.
2022
31-12
Financial
Equity above €1MEq €1.05M ▲25.7%
2 profitable years in a row build equity to €1.05M.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
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.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220Activities of head offices70100Other business support services82990
Names & trade names
| Legal nameNL | FREDC° |
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