FREDIP
ActiveFREDIP has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.84M) and a net result of €1.16M. Equity is shrinking by ~7.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
8
/ 100
Critical▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-53
Solvency33=
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.0 in 2024), 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.
−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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
54 d late
2023
1 d early
2022
65 d late
2021
61 d late
2020
43 d early
2019
76 d late
← 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
07-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.16M
2024 · €-320k
2019: €-2.29M
2020: €-2.39M
2021: €-151k
2022: €-193k
2023: €-214k
2024: €-320k
2019 → 2025
Working capital
€-2.19M▲ 58.8%
2024 · €-5.33M
2019: €-4.86M
2020: €-4.94M
2021: €-5.00M
2022: €-5.10M
2023: €-5.21M
2024: €-5.33M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2.27M-€-2.47M▼ 8.5%€-2.68M▼ 8.7%€-3.00M▼ 12.0%€-1.84M▲ 38.8%
Operating result€-53k-€-96k▼ 80.4%€-113k▼ 18.0%€-18k▲ 84.2%€-1.81M▼ 10,026%
Net result€-151k-€-193k▼ 27.4%€-214k▼ 11.2%€-320k▼ 49.5%€1.16M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.81M in 2025 against €18k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.83M
Fixed assets
€2.78M▼ 40.7%
Current assets
€44k▲ 3,102%
Key figures and ratios
Solvency
-65.0%▼
2024 · -63.9%
Current ratio
0.02▲
2024 · 0.00
Quick ratio
0.02▲
2024 · 0.00
Debt / equity
-2.54▲
2024 · -2.57
ROE
-63.3%▼
2024 · 10.7%
ROA
41.1%▲
2024 · -6.8%
Debt
€4.66M▼
2024 · €7.69M
Debt ≤ 1 year
€2.24M▼
2024 · €5.33M
Income taxes
€26k▼
2024 · €100k
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€4.69M€2.83M▼
Fixed assets21/28€4.69M€2.78M▼
Financial fixed assets28€4.69M€2.78M▼
Current assets29/58€1k€44k▲
Amounts receivable within one year40/41-€348
Other amounts receivable41-€348
Cash at bank and in hand54/58€191€44k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€4.69M€2.83M▼
Equity10/15€-3.00M€-1.84M▲
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Reserves13€25k€25k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Profit (loss) carried forward14€-3.27M€-2.11M▲
Amounts payable17/49€7.69M€4.66M▼
Amounts payable within one year42/48€5.33M€2.24M▼
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Taxes, remuneration and social security45€202k€128k▼
Taxes450/3€202k€128k▼
Other amounts payable47/48€5.12M€2.10M▼
Accrued charges and deferred income492/3€2.36M€2.42M▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€1.79M
Gross operating margin9900€-17k€-15k▲
Operating profit (loss)9901€-18k€-1.81M▼
Financial income75/76B-€3.11M
Recurring financial income75-€3.11M
Financial charges65/66B€202k€109k▼
Recurring financial charges65€202k€109k▼
Profit (loss) for the period before taxes9903€-220k€1.19M▲
Income taxes67/77€100k€26k▼
Profit (loss) for the period9904€-320k€1.16M▲
Profit (loss) for the period to be appropriated9905€-320k€1.16M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.27M€-2.11M▲
Profit (loss) brought forward from the previous period14P€-2.95M€-3.27M▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (8 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
31-12
Financial
Back to profitnet €1.16M
Net result €1.16M after 6 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 54 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 65 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-2.39M
Net result drops to €-2.39M, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 76 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-05-1998
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.