FREDIP
ActiveSummary
FREDIP has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.8m) and a net result of €1.2m. Equity is shrinking by ~7.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.2m
2024 · -€320,196
Working capital
-€2.2m▲ 58.8%
2024 · -€5.3m
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €1.8m in 2025 against €17,859 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€1.8m
2025
Net result€1.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.8m
2025
Equity-€1.8m
2025
Debt€4.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€2.2m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.07m--€0.08m▼ 12.4%-€0.08m▲ 9.3%-€0.05m▲ 29.7%-€0.1m▼ 80.4%-€0.1m▼ 18.0%-€0.02m▲ 84.2%-€1.8m▼ 10,026%
Net result-€0.2m--€0.2m▼ 34.6%-€0.1m▲ 56.9%-€0.2m▼ 45.7%-€0.2m▼ 27.4%-€0.2m▼ 11.2%-€0.3m▼ 49.5%€1.2m
Equity-€1.8m--€2.0m▼ 13.6%-€2.1m▼ 5.1%-€2.3m▼ 7.1%-€2.5m▼ 8.5%-€2.7m▼ 8.7%-€3.0m▼ 12.0%-€1.8m▲ 38.8%
Total assets€4.7m-€4.7m▼ 0.5%€4.7m▲ 0.1%€4.7m=€4.7m▲ 0.2%€4.7m▼ 0.1%€4.7m▼ 0.5%€2.8m▼ 39.8%
Debt€6.5m-€6.7m▲ 3.3%€6.8m▲ 1.6%€7.0m▲ 2.2%€7.2m▲ 2.9%€7.4m▲ 2.9%€7.7m▲ 4.0%€4.7m▼ 39.4%
Working capital-€4.8m--€4.9m▼ 1.8%-€4.9m▼ 1.6%-€5.0m▼ 1.3%-€5.1m▼ 2.0%-€5.2m▼ 2.2%-€5.3m▼ 2.3%-€2.2m▲ 58.8%
Staff (FTE)0
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.8m ▼ 40.7%
Current assets
€44,457 ▲ 3,102%
Equity and liabilities
Equity-€1.8m
Debt€4.7m
Equity is negative: debt (€4.7m) exceeds the balance-sheet total (€2.8m).
Key figures and ratios
Solvency
-65.0%▼
2024 · -63.9%
Current ratio
0.02▲
2024 · 0.00
ROA
41.1%▲
2024 · -6.8%
Debt ≤ 1 year
€2.2m▼
2024 · €5.3m
Income taxes
€25,971▼
2024 · €100,246
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.07m | €0.1m | €0.001m | €0.001m | ▲ 4.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €1.8m | - |
| Gross operating margin9900 | -€0.01m | -€0.01m | -€0.01m | -€0.01m | -€0.02m | -€0.02m | -€0.02m | -€0.01m | ▲ 12.2% |
| Operating profit (loss)9901 | -€0.07m | -€0.08m | -€0.08m | -€0.05m | -€0.1m | -€0.1m | -€0.02m | -€1.8m | ▼ 10,026% |
| Financial income75/76B | - | - | - | - | €2 | €0 | - | €3.1m | - |
| Recurring financial income75 | €0 | - | - | - | €2 | €0 | - | €3.1m | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 45.8% |
| Recurring financial charges65 | €0.1m | €0.2m | €0.03m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 45.8% |
| Profit (loss) for the period before taxes9903 | -€0.2m | -€0.2m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | €1.2m | ▲ 640% |
| Income taxes67/77 | €0 | - | - | - | - | - | €0.1m | €0.03m | ▼ 74.1% |
| Profit (loss) for the period9904 | -€0.2m | -€0.2m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | €1.2m | ▲ 463% |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | -€0.2m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | €1.2m | ▲ 463% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €2.8m | ▼ 39.8% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €2.8m | ▼ 40.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €2.8m | ▼ 40.7% |
| Current assets29/58 | €0.04m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €0.001m | €0.04m | ▲ 3,102% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €13 | €0 | - | - | - | - | - | €348 | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €348 | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €191 | €0.04m | ▲ 23,044% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | €2.8m | ▼ 39.8% |
| Equity10/15 | -€1.8m | -€2.0m | -€2.1m | -€2.3m | -€2.5m | -€2.7m | -€3.0m | -€1.8m | ▲ 38.8% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€2.0m | -€2.3m | -€2.4m | -€2.5m | -€2.7m | -€3.0m | -€3.3m | -€2.1m | ▲ 35.5% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €6.5m | €6.7m | €6.8m | €7.0m | €7.2m | €7.4m | €7.7m | €4.7m | ▼ 39.4% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €4.8m | €4.9m | €5.0m | €5.0m | €5.1m | €5.2m | €5.3m | €2.2m | ▼ 58.0% |
| Trade debts44 | €0.008m | €0.003m | €0.01m | €0.09m | €0.1m | €0.1m | €0.005m | €0.01m | ▲ 180% |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.1m | €0.005m | €0.01m | ▲ 180% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | €0.2m | €0.1m | ▼ 36.9% |
| Taxes450/3 | - | - | - | €0 | - | - | €0.2m | €0.1m | ▼ 36.9% |
| Other amounts payable47/48 | - | - | - | €4.9m | €5.0m | €5.1m | €5.1m | €2.1m | ▼ 59.1% |
| Accrued charges and deferred income492/3 | - | - | - | €2.0m | €2.1m | €2.2m | €2.4m | €2.4m | ▲ 2.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | -€0.2m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | €1.2m | ▲ 463% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€0.2m | -€0.2m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | €1.2m | ▲ 463% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €1.9m | - |
| Change in cash | - | -€0.03m | €0.005m | -€0.002m | €0.008m | -€0.005m | -€0.03m | €0.04m | ▲ 273% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.