FREDIMMO
ActiveSummary
FREDIMMO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€32,431) and a net result of -€1,665. Equity has been shrinking by about 39% per year since 2018. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-01-1991 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.052.764.874 8620 Nieuwpoort, since 13-05-1991
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Willem CLEERENManaging director
- Ann CLEERENDirector · since 07-06-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €11,450
- ▲ 5.9%
- Turnover
- ≈ €77,000
- estimated
- Loss
- €1,665
- ▼ 58.6%
- Equity
- -€32,431
- ▼ 5.4%
- Total assets
- €96,566
- ▼ 9.7%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€32,431lowers riskSize: total assets €96,566Founded in 1991Figures for financial year 2025 (filed on 08-06-2026)Show the evidence
Checked score
About 3 in 1,000 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 (no NACE code, micro). It does better than 5% of them on solvency, 4% on liquidity, 44% on profitability and 30% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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 4 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-06-2026 PDF all 34 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,626, smaller than the loss of €3,945 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,426 | €13,909 | €13,453 | €13,453 | €13,453 | €13,453 | €12,853 | €11,115 | ▼ 13.5% |
| Other operating charges640/8 | - | - | - | €2,866 | €2,684 | €2,082 | €1,905 | €1,961 | ▲ 2.9% |
| Gross operating margin9900 | €3,388 | €6,649 | €7,290 | €7,154 | €9,506 | €9,513 | €10,814 | €11,450 | ▲ 5.9% |
| Operating profit (loss)9901 | -€16,680 | -€9,929 | -€8,917 | -€9,165 | -€6,631 | -€6,023 | -€3,945 | -€1,626 | ▲ 58.8% |
| Financial income75/76B | - | - | - | - | - | €0 | €0 | €0 | ▲ 50.0% |
| Recurring financial income75 | - | - | €259 | - | - | €0 | €0 | €0 | ▲ 50.0% |
| Financial charges65/66B | - | - | - | €32 | €33 | €146 | €75 | €39 | ▼ 47.7% |
| Recurring financial charges65 | €21 | €23 | €27 | €32 | €33 | €146 | €75 | €39 | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | -€16,701 | -€9,952 | -€8,685 | -€9,197 | -€6,664 | -€6,169 | -€4,020 | -€1,665 | ▲ 58.6% |
| Profit (loss) for the period9904 | -€16,701 | -€9,952 | -€8,685 | -€9,197 | -€6,664 | -€6,169 | -€4,020 | -€1,665 | ▲ 58.6% |
| Profit (loss) for the period to be appropriated9905 | -€16,701 | -€9,952 | -€8,685 | -€9,197 | -€6,664 | -€6,169 | -€4,020 | -€1,665 | ▲ 58.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €192,108 | €178,409 | €164,831 | €151,442 | €133,426 | €119,679 | €106,929 | €96,566 | ▼ 9.7% |
| Fixed assets21/28 | €186,837 | €172,928 | €159,475 | €146,022 | €132,568 | €119,115 | €106,262 | €95,147 | ▼ 10.5% |
| Tangible fixed assets22/27 | €186,837 | €172,928 | €159,475 | €146,022 | €132,568 | €119,115 | €106,262 | €95,147 | ▼ 10.5% |
| Land and buildings22 | - | - | - | €139,607 | €128,492 | €117,377 | €106,262 | €95,147 | ▼ 10.5% |
| Plant, machinery and equipment23 | - | - | - | €6,415 | €4,077 | €1,738 | €0 | - | - |
| Current assets29/58 | €5,270 | €5,481 | €5,357 | €5,420 | €857 | €564 | €668 | €1,420 | ▲ 113% |
| Amounts receivable within one year40/41 | €4,525 | €4,525 | €4,525 | €4,525 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €4,525 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €77 | €261 | €107 | €144 | €714 | €442 | €142 | €434 | ▲ 205% |
| Deferred charges and accrued income490/1 | - | - | - | €752 | €143 | €122 | €526 | €986 | ▲ 87.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €192,108 | €178,409 | €164,831 | €151,442 | €133,426 | €119,679 | €106,929 | €96,566 | ▼ 9.7% |
| Equity10/15 | €13,920 | €3,968 | -€4,717 | -€13,914 | -€20,578 | -€26,746 | -€30,766 | -€32,431 | ▼ 5.4% |
| Contributions10/11 | €75,971 | €75,971 | €76,000 | €76,000 | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Capital10 | - | - | - | €76,000 | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Issued capital100 | - | - | - | €76,000 | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Reserves13 | €13,731 | €13,731 | €13,702 | €13,702 | €13,702 | €13,702 | €13,702 | €13,702 | = |
| Non-distributable reserves130/1 | - | - | - | €687 | €687 | €687 | €687 | €687 | = |
| Legal reserve130 | - | - | - | €687 | €687 | €687 | €687 | €687 | = |
| Distributable reserves133 | - | - | - | €13,015 | €13,015 | €13,015 | €13,015 | €13,015 | = |
| Profit (loss) carried forward14 | -€75,782 | -€85,734 | -€94,419 | -€103,616 | -€110,280 | -€116,449 | -€120,468 | -€122,133 | ▼ 1.4% |
| Amounts payable17/49 | €178,187 | €174,441 | €169,549 | €165,356 | €154,003 | €146,426 | €137,695 | €128,998 | ▼ 6.3% |
| Amounts payable within one year42/48 | €178,115 | €174,368 | €169,494 | €165,299 | €153,940 | €146,341 | €137,608 | €128,908 | ▼ 6.3% |
| Trade debts44 | €316 | €262 | €34 | €465 | €550 | €396 | €126 | €16 | ▼ 87.3% |
| Suppliers440/4 | - | - | - | €465 | €550 | €396 | €126 | €16 | ▼ 87.3% |
| Other amounts payable47/48 | - | - | - | €164,834 | €153,390 | €145,945 | €137,482 | €128,892 | ▼ 6.2% |
| Accrued charges and deferred income492/3 | - | - | - | €57 | €64 | €85 | €88 | €89 | ▲ 1.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,701 | -€9,952 | -€8,685 | -€9,197 | -€6,664 | -€6,169 | -€4,020 | -€1,665 | ▲ 58.6% |
| + Depreciation and write-downs630 | €17,426 | €13,909 | €13,453 | €13,453 | €13,453 | €13,453 | €12,853 | €11,115 | ▼ 13.5% |
| Operating cash flow (approximation) | €725 | €3,957 | €4,768 | €4,257 | €6,789 | €7,285 | €8,834 | €9,450 | ▲ 7.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €184 | -€155 | €37 | €570 | -€272 | -€300 | €292 | - |
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, 2,796 companies had the same profile as FREDIMMO has now. Two years later, 90.4% were still going and 2.1% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a small loss
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FREDIMMO itself is lower: 0.3% within 12 months. It rests on far more data about FREDIMMO 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 2,796 companies, not a prediction for FREDIMMO. 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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00142756 | |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00235997 | |
| 31-12-2023 | abbreviated format | 19-08-2024 | 2024-00349352 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00199933 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20305696 | |
| 31-12-2020 | micro format | 06-08-2021 | 2021-46900016 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48700055 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59000300 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56700213 | |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-36200282 |
Board & ownership
Directors
Day-to-day management 1
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Ann CLEEREN |
|
| Willem CLEEREN |
|
Network & group
FREDIMMO shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of FREDIMMO. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
06-09
Gazette deed
Reappointments: Ann CLEEREN (director) and Willem CLEEREN (director)5 points ▸
- General meeting, 07-06-2024
- Director reappointment, Ann CLEEREN
- Director reappointment, Willem CLEEREN
- Board meeting, 07-06-2024
- Director reappointment, Willem CLEEREN (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38402E0276/00L006 | Flanders | 1,188 m² | 1 · 124 m² | 6.6 m · 2 |