FREDIMEX
ActiveSummary
FREDIMEX has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €101,405 and a net result of €7,638. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 1856 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▲+1
Solvency39▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.06 in 2023; short-term debt: 79.2% and cash: 0.6% of total assets), and 85.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
14.5%
Return on assets
1.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
94 d late
2021
100 d late
2020
27 d late
2019
104 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#7 company by total assets in Waimes, Accommodation and food service sector#10 oldest company in Waimes, Accommodation and food service sector
Equity
€101,405▲ 8.1%
2023 · €93,767
Total assets
€700,945▲ 14.9%
2023 · €610,047
Net result
€7,638▲ 280%
2023 · €2,012
Working capital
-€7,285
2023 · €29,739
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,623▼ 28.9%€11,508▲ 51.0%€25,276▲ 120%€16,153▼ 36.1%€23,869▲ 47.8%
Net result€410within the sector's middle half▼ 84.3%€3,940within the sector's middle half▲ 862%€16,318within the sector's middle half▲ 314%€2,012within the sector's middle half▼ 87.7%€7,638within the sector's middle half▲ 280%
Equity€86,498within the sector's middle half▲ 0.5%€90,437within the sector's middle half▲ 4.6%€91,755within the sector's middle half▲ 1.5%€93,767within the sector's middle half▲ 2.2%€101,405within the sector's middle half▲ 8.1%
Total assets€620,610within the sector's middle half▲ 4.7%€610,569within the sector's middle half▼ 1.6%€572,469within the sector's middle half▼ 6.2%€610,047within the sector's middle half▲ 6.6%€700,945within the sector's middle half▲ 14.9%
Debt€534,112▲ 5.4%€520,132▼ 2.6%€480,714▼ 7.6%€516,280▲ 7.4%€599,540▲ 16.1%
Working capital-€57,396within the sector's middle half▼ 57.5%-€30,359within the sector's middle half▲ 47.1%-€25,939within the sector's middle half▲ 14.6%€29,739within the sector's middle half-€7,285within the sector's middle half
Solvency13.9%within the sector's middle half▼ 0.6pp14.8%within the sector's middle half▲ 0.9pp16.0%within the sector's middle half▲ 1.2pp15.4%within the sector's middle half▼ 0.7pp14.5%within the sector's middle half▼ 0.9pp
Current ratio0.89within the sector's middle half▼ 0.040.94within the sector's middle half▲ 0.050.95within the sector's middle half▲ 0.011.06within the sector's middle half▲ 0.120.99within the sector's middle half▼ 0.08
Return on assets (ROA)0.1%within the sector's middle half▼ 0.4pp0.6%within the sector's middle half▲ 0.6pp2.9%within the sector's middle half▲ 2.2pp0.3%within the sector's middle half▼ 2.5pp1.1%within the sector's middle half▲ 0.8pp
Staff (FTE)0.4below the sector's middle half▼ 66.7%1▲ 150%1.2▲ 20.0%2.8▲ 133%1.9▼ 32.1%
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 48% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €700,945
Fixed assets
€152,858 ▲ 35.9%
Current assets
€548,087 ▲ 10.2%
Equity and liabilities €700,945
Equity
€101,405 ▲ 8.1%
Debt
€599,540 ▲ 16.1%
Debt's share of the balance-sheet total rises from 84.6% to 85.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49,802▲
2023 · €43,489
Cash flow
€33,571▲
2023 · €29,349
Quick ratio
0.29▲
2023 · 0.18
Debt to equity
5.91▲
2023 · 5.51
ROE
7.5%▲
2023 · 2.1%
Interest coverage
2.97▼
2023 · 2.99
Debt ≤ 1 year
€555,372▲
2023 · €467,790
Debt > 1 year
€44,167▼
2023 · €48,491
Staff costs
€6,726▲
2023 · €5,587
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 3,980 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,800 | €5,613 | €5,587 | €6,726 | ▲ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,725 | €29,422 | €29,983 | €27,337 | €25,933 | ▼ 5.1% |
| Other operating charges640/8 | - | €2,218 | €140 | €3,026 | €4,861 | ▲ 60.6% |
| Gross operating margin9900 | €49,011 | €45,949 | €61,012 | €52,103 | €61,389 | ▲ 17.8% |
| Operating profit (loss)9901 | €7,623 | €11,508 | €25,276 | €16,153 | €23,869 | ▲ 47.8% |
| Financial income75/76B | - | €504 | €599 | €403 | €517 | ▲ 28.3% |
| Recurring financial income75 | €1,566 | €504 | €599 | €403 | €517 | ▲ 28.3% |
| Financial charges65/66B | - | €8,072 | €9,557 | €14,544 | €16,748 | ▲ 15.2% |
| Recurring financial charges65 | €8,779 | €8,072 | €9,557 | €14,544 | €16,748 | ▲ 15.2% |
| Profit (loss) for the period before taxes9903 | €410 | €3,940 | €16,318 | €2,012 | €7,638 | ▲ 280% |
| Profit (loss) for the period9904 | €410 | €3,940 | €16,318 | €2,012 | €7,638 | ▲ 280% |
| Profit (loss) for the period to be appropriated9905 | €410 | €3,940 | €16,318 | €2,012 | €7,638 | ▲ 280% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €620,610 | €610,569 | €572,469 | €610,047 | €700,945 | ▲ 14.9% |
| Fixed assets21/28 | €166,230 | €150,125 | €126,167 | €112,519 | €152,858 | ▲ 35.9% |
| Tangible fixed assets22/27 | €165,511 | €149,406 | €125,449 | €112,519 | €152,858 | ▲ 35.9% |
| Land and buildings22 | - | €130,338 | €112,662 | €103,743 | €146,733 | ▲ 41.4% |
| Plant, machinery and equipment23 | - | €19,004 | €12,787 | €8,776 | €6,125 | ▼ 30.2% |
| Furniture and vehicles24 | - | €64 | - | - | - | - |
| Financial fixed assets28 | €719 | €719 | €719 | - | - | - |
| Current assets29/58 | €454,380 | €460,444 | €446,302 | €497,528 | €548,087 | ▲ 10.2% |
| Stocks and contracts in progress3 | €409,052 | €399,115 | €389,710 | €412,932 | €388,859 | ▼ 5.8% |
| Stocks30/36 | - | €399,115 | €389,710 | €412,932 | €388,859 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €44,461 | €58,487 | €55,455 | €81,921 | €154,652 | ▲ 88.8% |
| Trade receivables40 | - | €34,987 | €30,177 | €55,924 | €115,098 | ▲ 106% |
| Other amounts receivable41 | - | €23,500 | €25,278 | €25,997 | €39,554 | ▲ 52.1% |
| Cash at bank and in hand54/58 | €867 | €2,842 | €1,137 | €1,681 | €3,857 | ▲ 129% |
| Deferred charges and accrued income490/1 | - | - | - | €995 | €720 | ▼ 27.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €620,610 | €610,569 | €572,469 | €610,047 | €700,945 | ▲ 14.9% |
| Equity10/15 | €86,498 | €90,437 | €91,755 | €93,767 | €101,405 | ▲ 8.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €67,898 | €71,837 | €73,155 | €75,167 | €82,805 | ▲ 10.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Distributable reserves133 | - | €68,277 | €69,595 | €71,607 | €79,245 | ▲ 10.7% |
| Amounts payable17/49 | €534,112 | €520,132 | €480,714 | €516,280 | €599,540 | ▲ 16.1% |
| Amounts payable after more than one year17 | €22,336 | €29,328 | €8,474 | €48,491 | €44,167 | ▼ 8.9% |
| Financial debts170/4 | - | €29,328 | €8,474 | €48,491 | €44,167 | ▼ 8.9% |
| Amounts payable within one year42/48 | €511,776 | €490,803 | €472,240 | €467,790 | €555,372 | ▲ 18.7% |
| Current portion of amounts payable after more than one year42 | - | €25,431 | €20,855 | €12,479 | €4,323 | ▼ 65.4% |
| Financial debts43 | - | €102,208 | €103,908 | €109,386 | €92,997 | ▼ 15.0% |
| Credit institutions430/8 | - | €102,208 | €103,908 | €109,386 | €92,997 | ▼ 15.0% |
| Trade debts44 | €52,074 | €2,556 | €6,647 | €18,383 | €97,427 | ▲ 430% |
| Suppliers440/4 | - | €2,556 | €6,647 | €18,383 | €97,427 | ▲ 430% |
| Advances received on contracts in progress46 | - | - | - | - | €23,829 | - |
| Taxes, remuneration and social security45 | - | €8,076 | €6,548 | €6,565 | €3,063 | ▼ 53.3% |
| Taxes450/3 | - | €7,420 | €5,675 | €6,125 | €2,175 | ▼ 64.5% |
| Remuneration and social security454/9 | - | €656 | €872 | €440 | €888 | ▲ 102% |
| Other amounts payable47/48 | - | €352,533 | €334,283 | €320,977 | €333,732 | ▲ 4.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €410 | €3,940 | €16,318 | €2,012 | €7,638 | ▲ 280% |
| + Depreciation and write-downs630 | €28,725 | €29,422 | €29,983 | €27,337 | €25,933 | ▼ 5.1% |
| Operating cash flow (approximation) | €29,135 | €33,361 | €46,301 | €29,349 | €33,571 | ▲ 14.4% |
| Investment in fixed assets (approximation) | - | -€13,317 | -€6,026 | -€13,688 | -€66,272 | ▼ 384% |
| Change in cash | - | €1,975 | -€1,705 | €544 | €2,176 | ▲ 300% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €100,000Eq €101,405 ▲8.1%
7 profitable years in a row build equity to €101,405.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 94 days late
2022
31-12
Financial
Highest result since 2018net €16,318 ▲314%
Operating result €25,276, net result €16,318, both a record.
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €410 ▼84.3%
Net result drops to €410, the lowest in the series; recovery starts the following year.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
14-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 106 days late
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, Waimes · 1 establishment unit since 2002
Ground area
574 m²
Building footprint
171 m²
Volume, LiDAR
1,339 m³
Parcel 63080E0062/00L000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Belair 11, 4950 Waimes
since 20022.114.999.876
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080E0062/00L000 | Wallonia | 574 m² | 1 · 171 m² | 10.0 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
-
0.56%
According to the 2022 annual accounts of FREDIMEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaimes/Weismes2.114.999.876
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,517. 1,049 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 (pre-2019)
Founded16-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
55100Hotels and similar accommodation
46499Wholesale of other household goods
46841Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476457961
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.