FREDO TEXTILES
ActiveSummary
FREDO TEXTILES has been active since 1943 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show negative equity (-€2,029) and a net result of €9,049. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability81▲+5
Solvency23▲+18
Growth78=
Track record92
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 0.86 in 2023; short-term debt: 102% and cash: 9.9% of total assets), and equity is negative.
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Signals
Eight 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-2.1%
Return on assets
9.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11693 sector peers (2025).
NBB · sector comparisonPosition among 11693 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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
55 d late
2023
146 d late
2022
108 d late
2021
64 d late
2020
115 d late
2019
101 d late
2018
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 93 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
Checked, nothing found (1)
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. Usually files around 16 November (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€2,029▲ 89.0%
2023 · -€18,498
Total assets
€94,995▲ 2.9%
2023 · €92,304
Net result
€9,049▲ 58.5%
2023 · €5,709
Working capital
-€2,881▲ 80.8%
2023 · -€14,995
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€334▼ 95.8%€6,360▲ 1,806%-€3,603€6,469€9,956-
Net result-€360within the sector's middle half€5,695within the sector's middle half-€4,307below the sector's middle half€5,709within the sector's middle half€9,049within the sector's middle half-
Equity-€25,595below the sector's middle half▼ 1.4%-€19,900below the sector's middle half▲ 22.2%-€24,207below the sector's middle half▼ 21.6%-€18,498below the sector's middle half▲ 23.6%-€2,029below the sector's middle half-
Total assets€89,240within the sector's middle half▲ 27.1%€76,999within the sector's middle half▼ 13.7%€82,516within the sector's middle half▲ 7.2%€92,304within the sector's middle half▲ 11.9%€94,995within the sector's middle half-
Debt€114,835▲ 20.3%€96,898▼ 15.6%€106,723▲ 10.1%€110,802▲ 3.8%€97,024-
Working capital-€17,929below the sector's middle half▼ 3.2%-€15,335below the sector's middle half▲ 14.5%-€19,371below the sector's middle half▼ 26.3%-€14,995below the sector's middle half▲ 22.6%-€2,881within the sector's middle half-
Solvency-28.7%below the sector's middle half▲ 7.3pp-25.8%below the sector's middle half▲ 2.8pp-29.3%below the sector's middle half▼ 3.5pp-20.0%below the sector's middle half▲ 9.3pp-2.1%below the sector's middle half-
Current ratio0.83below the sector's middle half▲ 0.030.83below the sector's middle half=0.81below the sector's middle half▼ 0.020.86below the sector's middle half▲ 0.050.97within the sector's middle half-
Return on assets (ROA)-0.4%within the sector's middle half▼ 10.1pp7.4%within the sector's middle half▲ 7.8pp-5.2%below the sector's middle half▼ 12.6pp6.2%within the sector's middle half▲ 11.4pp9.5%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 is €9,956 in 2025, compared with €6,469 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €94,574
Fixed assets
€566 ▼ 60.9%
Current assets
€94,009 ▲ 4.1%
Equity and liabilities
Equity-€2,029
Debt€97,024
Equity is negative: debt (€97,024) exceeds the balance-sheet total (€94,995).
Key figures and ratios
EBITDA
€10,901▲
2023 · €7,281
Cash flow
€9,994▲
2023 · €6,521
Quick ratio
0.35▲
2023 · 0.11
Interest coverage
10.37▲
2023 · 9.47
Debt ≤ 1 year
€96,890▼
2023 · €105,264
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.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,795 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €291 | €966 | €1,049 | €812 | €945 | - |
| Other operating charges640/8 | - | €182 | €102 | €90 | €504 | - |
| Gross operating margin9900 | €1,833 | €7,507 | -€2,451 | €7,371 | €11,405 | - |
| Operating profit (loss)9901 | €334 | €6,360 | -€3,603 | €6,469 | €9,956 | - |
| Financial income75/76B | - | €57 | €21 | €9 | €144 | - |
| Recurring financial income75 | - | €57 | €21 | €9 | €144 | - |
| Financial charges65/66B | - | €722 | €725 | €769 | €1,051 | - |
| Recurring financial charges65 | €693 | €722 | €725 | €769 | €1,051 | - |
| Profit (loss) for the period before taxes9903 | -€360 | €5,695 | -€4,307 | €5,709 | €9,049 | - |
| Profit (loss) for the period9904 | -€360 | €5,695 | -€4,307 | €5,709 | €9,049 | - |
| Profit (loss) for the period to be appropriated9905 | -€360 | €5,695 | -€4,307 | €5,709 | €9,049 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,240 | €76,999 | €82,516 | €92,304 | €94,995 | - |
| Formation expenses20 | - | - | - | €589 | €421 | - |
| Fixed assets21/28 | €704 | €2,731 | €1,682 | €1,447 | €566 | - |
| Tangible fixed assets22/27 | €704 | €2,731 | €1,682 | €1,447 | €566 | - |
| Plant, machinery and equipment23 | - | €1,703 | €1,284 | €1,387 | €317 | - |
| Furniture and vehicles24 | - | €1,028 | €398 | €60 | €248 | - |
| Current assets29/58 | €88,536 | €74,267 | €80,834 | €90,269 | €94,009 | - |
| Stocks and contracts in progress3 | €58,455 | €64,243 | €64,559 | €78,249 | €60,234 | - |
| Stocks30/36 | - | €64,243 | €64,559 | €78,249 | €60,234 | - |
| Amounts receivable within one year40/41 | €26,317 | €5,909 | €14,397 | €8,246 | €23,872 | - |
| Trade receivables40 | - | €5,909 | €13,454 | €8,232 | €23,851 | - |
| Other amounts receivable41 | - | - | €943 | €14 | €21 | - |
| Cash at bank and in hand54/58 | €3,499 | €3,925 | €1,403 | €3,280 | €9,383 | - |
| Deferred charges and accrued income490/1 | - | €191 | €475 | €495 | €519 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,240 | €76,999 | €82,516 | €92,304 | €94,995 | - |
| Equity10/15 | -€25,595 | -€19,900 | -€24,207 | -€18,498 | -€2,029 | - |
| Contributions10/11 | - | €49,579 | €49,579 | €49,579 | €49,579 | - |
| Reserves13 | €73,785 | €73,785 | €73,785 | €73,785 | €73,785 | - |
| Non-distributable reserves130/1 | - | €4,958 | €4,958 | €4,958 | €4,958 | - |
| Reserves not available under the articles1311 | - | €4,958 | €4,958 | €4,958 | €4,958 | - |
| Tax-exempt reserves132 | - | €1,553 | €1,553 | €1,553 | €1,553 | - |
| Distributable reserves133 | - | €67,274 | €67,274 | €67,274 | €67,274 | - |
| Profit (loss) carried forward14 | -€148,958 | -€143,263 | -€147,571 | -€141,862 | -€125,392 | - |
| Amounts payable17/49 | €114,835 | €96,898 | €106,723 | €110,802 | €97,024 | - |
| Amounts payable within one year42/48 | €106,465 | €89,603 | €100,204 | €105,264 | €96,890 | - |
| Financial debts43 | - | - | - | €2,398 | €206 | - |
| Credit institutions430/8 | - | - | - | €2,398 | €206 | - |
| Trade debts44 | €11,862 | €11,882 | €19,475 | €22,716 | €24,523 | - |
| Suppliers440/4 | - | €11,882 | €19,475 | €22,716 | €24,523 | - |
| Advances received on contracts in progress46 | - | - | €3,247 | €758 | €250 | - |
| Taxes, remuneration and social security45 | - | €5,556 | €1,070 | €846 | €4,405 | - |
| Taxes450/3 | - | €5,556 | €1,070 | €846 | €4,405 | - |
| Other amounts payable47/48 | - | €72,164 | €76,412 | €78,546 | €67,507 | - |
| Accrued charges and deferred income492/3 | - | €7,296 | €6,519 | €5,539 | €134 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€360 | €5,695 | -€4,307 | €5,709 | €9,049 | - |
| + Depreciation and write-downs630 | €291 | €966 | €1,049 | €812 | €945 | - |
| Operating cash flow (approximation) | -€69 | €6,660 | -€3,258 | €6,521 | €9,994 | - |
| Investment in fixed assets (approximation) | - | -€2,993 | €0 | -€576 | - | - |
| Change in cash | - | €426 | -€2,522 | €1,876 | - | - |
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
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
31-12
Financial
Highest result since 2018net €9,049 ▲58.5%
Operating result €9,956, net result €9,049, both a record.
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 146 days late
2023
31-12
Financial
Back to profitnet €5,709
Net result €5,709 after one loss-making year.
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 108 days late
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
31-12
Financial
Back to profitnet €5,695
Net result €5,695 after one loss-making year.
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Back to profitnet €6,806
Net result €6,806 after one loss-making year.
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
05-04
KBO administration
Strikeout withdrawal
event 16-03-2019
Show earlier events
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 228 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 592 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 921 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Frasnes-lez-Anvaing · 2 establishment units since 1943
Ground area
590 m²
Building footprint
592 m²
Volume, LiDAR
4,043 m³
2 parcels, Flanders, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
MANIKRAK
since 19432.003.925.869
Route de Lessines(FB) 13, 7911 Frasnes-lez-Anvaing
since 19942.003.925.968
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0978/00Z000 | Flanders | 395 m² | 1 · 395 m² | 11.6 m · 2 fl. |
| 51022C0378/00K000 | Wallonia | 195 m² | 1 · 196 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,277 companies in this sector we hold annual accounts for 687. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded01-01-1943
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405575509
Registered
22-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.