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Generated 05-07-2026
Active BE 0478.012.832Private limited company (pre-2019)

FREDO

Henri Lebbestraat 188 ·8790 Waregem, Belgium· 23 yrs active
Sector: Retail trade (47260)
Conclusion Checked

The computed 12-month bankruptcy probability of FREDO is 0.5% (low). The 2024 annual accounts show equity of €1.96M and a net result of €368k. Equity is growing by ~11.5% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €1.96M
Net result €368k
Staff (FTE) 6
Active 23 yrs
Snowflake analysis 5 axes · computed by Checked
Health94Profitability67Solvency81Growth48Stability100
78 / 100

Exceptional profile — strong across almost every axis.

Health 94
Profitability 67
Solvency 81
Growth 48
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.5% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 2002 — 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
94 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · volledig
€-2.50M€0€2.50M€5.00M€7.50MOperating result 2020: €1.39M€1.39MNet result 2020: €1.91M€1.91MRevenue 2021: €6.06M€6.06MOperating result 2021: €-92k€-92kNet result 2021: €-480k€-480kRevenue 2022: €6.78M€6.78MOperating result 2022: €-772k€-772kNet result 2022: €-1.06M€-1.06MRevenue 2023: €7.49M€7.49MOperating result 2023: €1.19M€1.19MNet result 2023: €1.05M€1.05MRevenue 2024: €6.46M€6.46MOperating result 2024: €662k€662kNet result 2024: €368k€368k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
growing Equity: growth of ~11.5%/year over 7 fiscal years — indicative, assuming unchanged policy.
€0€1.00M€2.00M€3.00M2025: €2.19M (€1.85M – €2.53M)2026: €2.44M (€1.90M – €2.98M)2027: €2.72M (€1.98M – €3.46M)2018: €743k2019: €1.14M2020: €2.08M2021: €1.60M2022: €545k2023: €1.59M2024: €1.96M2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€6.46M
-13.8% +125% vs sector
EBITDA
€688k
-45.8% far above sector median
Net profit
€368k
-64.9% far above sector median
Cash flow
€394k
-65.0% far above sector median
Total assets
€4.58M
+5.8% far above sector median
Equity
€1.96M
+23.1% far above sector median
Working capital
€1.88M
+25.5% far above sector median
Employees (FTE)
6
0.0% -13% vs sector
Staff costs
€400k
-7.8% +219% vs sector
Income taxes
€364k
+3274.9% far above sector median
Debt
€2.62M
-4.2% far above sector median
Debt ≤ 1y
€2.61M
-4.0% far above sector median
Debt > 1y
€11k
-77.7% -64% vs sector
Current ratio
1.72
+10.9% +87% vs sector
Quick ratio
1.46
+30.6% +219% vs sector
Solvency
42.9%
+16.3% far above sector median
Debt / equity
1.33
-22.2% -92% vs sector
ROE
18.8%
-71.5% far above sector median
ROA
8.0%
-66.8% far above sector median
Net margin
5.7%
-59.3% far above sector median
EBITDA margin
10.7%
-37.1% far above sector median
Interest coverage
16.77
-27.6% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue€6.46M
EBITDA€688k
Net profit€368k
Cash flow€394k
Staff costs€400k
Income taxes€364k
Dividends—
Total assets€4.58M
Equity€1.96M
Debt€2.62M
of which ≤ 1y€2.61M
of which > 1y—
Working capital€1.88M
Employees (FTE)6.0
Ratios (computed)
2024
Current ratio1.72
Quick ratio1.46
Working capital ratio41.0%
Solvency42.9%
Debt / equity1.33
Long-term debt ratio—
Interest coverage16.77
Gross margin43.2%
Net margin5.7%
ROA8.0%
ROE18.8%
EBITDA margin10.7%
Days sales outstanding32d
Days payable outstanding101d
Inventory turnover5.34
Days inventory (DSI)68d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet — Assets
TOTAL ASSETS 20/58€4.58M
Fixed assets 21/28€89k
Intangible fixed assets 21€10k
Tangible fixed assets 22/27€73k
Financial fixed assets 28€6k
Current assets 29/58€4.49M
Stocks & contracts in progress 3€687k
Amounts receivable within one year 40/41€3.36M
Cash & bank 54/58€424k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.58M
Equity 10/15€1.96M
Contributions / capital 10/11€154k
Reserves 13€15k
Accumulated profits (losses) 14€1.79M
Amounts payable 17/49€2.62M
Amounts payable within one year 42/48€2.61M
Trade debts payable within one year 44€1.02M
Income statement
Turnover 70€6.46M
Operating result 9901€662k
Financial income 75€115k
Financial charges 65€45k
Result before taxes 9903€733k
Income taxes 67/77€364k
Net result for the period 9904€368k
Result to be appropriated 9905€368k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Retail trade(47260)
Legal form Private limited company (pre-2019)(015)
Incorporation17-07-2002
StatusActive
Postal code8790
Establishment units 1 location
Fredo bvba
Henri Lebbestraat 188, 8790 WaregemGroothandel in kranten, boeken en tijdschriften
since 20022.096.279.767
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34040C1249/00W002 Flanders 1,510 m² 1 · 1,056 m² 9.0 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
23-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
29-01-2025
State Gazette act Director changes
2024
27-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
26-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
25-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
23-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
16-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
17-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
30-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
23-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
16-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad — acts 1 acts
All acts · 1 updated 1 year ago
2025
29-01-2025 2 directors appointed Director changes
  • Moore Audit BV — Commissaris
  • Philippe Bossuyt — Gedelegeerd bestuurder
Technical details 
{
  "events": [
    {
      "kind": "commissaris_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Moore Audit BV",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "3"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": "10.113.460",
        "name": "Philippe Bossuyt",
        "address": null,
        "birth_date": null,
        "profession": "erkend accountant en belastingsconsulent",
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": {
        "kbo": null,
        "name": "BFS \u0026 A",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-01-29",
    "filing_date": "2025-01-16",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2024-12-18",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0478.012.832",
    "name_full": "Fredo",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Philippe Bossuyt",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bijzonder gevolmachtigde"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Detailhandel in tabaksproducten in gespecialiseerde winkels47260Detailhandel in tabaksproducten47260Detailhandel in tabaksproducten52260Groothandel in kantoor- en schoolbenodigdheden46492Groothandel in kantoor- en schoolbenodigdheden46492Overige detailhandel in nieuwe artikelen in gespecialiseerde winkels, n.e.g.47789Overige detailhandel in nieuwe artikelen neg47789Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.52498
Primary activity highlighted.
Names & trade names
Legal nameNL FREDO
Registered office
Henri Lebbestraat 188
8790 Waregem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative