FREDEN
ActiveSummary
FREDEN has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133,187 and a net result of €60,642. Equity is growing by ~82.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 7794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 14.38 against 2.83 in 2024; short-term debt: 6.1% and cash: 32.3% of total assets), and 6.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.9%
Return on assets
42.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
4 d early
2023
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€133,187▲ 83.6%
2024 · €72,546
Total assets
€141,778▲ 42.7%
2024 · €99,353
Net result
€60,642▲ 3.5%
2024 · €58,612
Working capital
€114,939▲ 135%
2024 · €48,963
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€15,518-€77,422▲ 399%€80,869▲ 4.5%
Net result€11,934-€58,612▲ 391%€60,642▲ 3.5%
Equity€13,934-€72,546▲ 421%€133,187▲ 83.6%
Total assets€53,274-€99,353▲ 86.5%€141,778▲ 42.7%
Debt€39,340-€26,808▼ 31.9%€8,591▼ 68.0%
Working capital-€12,247-€48,963€114,939▲ 135%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141,778
Fixed assets
€18,249 ▼ 22.6%
Current assets
€123,530 ▲ 63.0%
Equity and liabilities €141,778
Equity
€133,187 ▲ 83.6%
Debt
€8,591 ▼ 68.0%
Debt's share of the balance-sheet total falls from 27.0% to 6.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86,504▲
2024 · €82,804
Cash flow
€66,276▲
2024 · €63,994
Current ratio
14.38▲
2024 · 2.83
Debt to equity
0.06▼
2024 · 0.37
ROE
45.5%▼
2024 · 80.8%
ROA
42.8%▼
2024 · 59.0%
Interest coverage
2214.63▲
2024 · 811.80
Debt ≤ 1 year
€8,591▼
2024 · €26,808
Income taxes
€20,745▲
2024 · €18,708
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,932 | €5,382 | €5,635 | ▲ 4.7% |
| Other operating charges640/8 | €50 | €2,396 | €1,336 | ▼ 44.2% |
| Gross operating margin9900 | €17,500 | €85,200 | €87,840 | ▲ 3.1% |
| Operating profit (loss)9901 | €15,518 | €77,422 | €80,869 | ▲ 4.5% |
| Financial income75/76B | - | - | €556 | - |
| Recurring financial income75 | - | - | €556 | - |
| Financial charges65/66B | - | €102 | €39 | ▼ 61.7% |
| Recurring financial charges65 | - | €102 | €39 | ▼ 61.7% |
| Profit (loss) for the period before taxes9903 | €15,518 | €77,320 | €81,386 | ▲ 5.3% |
| Income taxes67/77 | €3,584 | €18,708 | €20,745 | ▲ 10.9% |
| Profit (loss) for the period9904 | €11,934 | €58,612 | €60,642 | ▲ 3.5% |
| Profit (loss) for the period to be appropriated9905 | €11,934 | €58,612 | €60,642 | ▲ 3.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €53,274 | €99,353 | €141,778 | ▲ 42.7% |
| Fixed assets21/28 | €26,181 | €23,583 | €18,249 | ▼ 22.6% |
| Tangible fixed assets22/27 | €26,181 | €23,583 | €17,949 | ▼ 23.9% |
| Land and buildings22 | - | €2,072 | €1,863 | ▼ 10.1% |
| Furniture and vehicles24 | €26,181 | €21,511 | €16,086 | ▼ 25.2% |
| Financial fixed assets28 | - | - | €300 | - |
| Current assets29/58 | €27,093 | €75,770 | €123,530 | ▲ 63.0% |
| Amounts receivable within one year40/41 | - | €30,547 | €20,658 | ▼ 32.4% |
| Trade receivables40 | - | €30,426 | €14,664 | ▼ 51.8% |
| Other amounts receivable41 | - | €121 | €5,994 | ▲ 4,860% |
| Current investments50/53 | - | - | €57,000 | - |
| Cash at bank and in hand54/58 | €27,093 | €44,977 | €45,804 | ▲ 1.8% |
| Deferred charges and accrued income490/1 | - | €247 | €68 | ▼ 72.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €53,274 | €99,353 | €141,778 | ▲ 42.7% |
| Equity10/15 | €13,934 | €72,546 | €133,187 | ▲ 83.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €11,934 | €70,546 | €131,187 | ▲ 86.0% |
| Distributable reserves133 | €11,934 | €70,546 | €131,187 | ▲ 86.0% |
| Amounts payable17/49 | €39,340 | €26,808 | €8,591 | ▼ 68.0% |
| Amounts payable within one year42/48 | €39,340 | €26,808 | €8,591 | ▼ 68.0% |
| Trade debts44 | €25,316 | €15,581 | €183 | ▼ 98.8% |
| Suppliers440/4 | €25,316 | €15,581 | €183 | ▼ 98.8% |
| Taxes, remuneration and social security45 | €10,452 | €11,227 | €8,408 | ▼ 25.1% |
| Taxes450/3 | €10,452 | €8,227 | €8,408 | ▲ 2.2% |
| Remuneration and social security454/9 | - | €3,000 | - | - |
| Other amounts payable47/48 | €3,573 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,934 | €58,612 | €60,642 | ▲ 3.5% |
| + Depreciation and write-downs630 | €1,932 | €5,382 | €5,635 | ▲ 4.7% |
| Operating cash flow (approximation) | €13,866 | €63,994 | €66,276 | ▲ 3.6% |
| Investment in fixed assets (approximation) | - | -€2,784 | -€300 | ▲ 89.2% |
| Change in cash | - | €17,883 | €827 | ▼ 95.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2023net €60,642 ▲3.5%
Operating result €80,869, net result €60,642, both a record.
30-06
Financial
Liquidity times 5current ratio 14.38
Current ratio from 2.83 to 14.38; short-term debt falls from €26,808 to €8,591.
30-06
Financial
Equity above €100,000Eq €133,187 ▲83.6%
3 profitable years in a row build equity to €133,187.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity quadruplescurrent ratio 2.83
Current ratio from 0.69 to 2.83; short-term debt falls from €39,340 to €26,808.
27-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Izegem · 1 establishment unit since 2023
Ground area
166 m²
Building footprint
104 m²
Volume, LiDAR
762 m³
Parcel 36008C0199/00M004, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Freden BV
since 20232.343.584.237
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0199/00M004 | Flanders | 166 m² | 1 · 104 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 7,160 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-04-2023
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0800294441
Also
9925:BE0800294441
Registered
29-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.