Fredography
ActiveSummary
Fredography has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €3k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 71% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+18
Solvency96▲+19
Growth38=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.15 against 1.68 in 2024; short-term debt: 28.5% and cash: 66.9% of total assets), and 28.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.5%
Return on assets
13.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €18k
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
20 d late
2024
31 d early
2023
57 d early
2022
56 d early
2021
59 d early
2020
5 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€52k▲ 6.6%
2024 · €49k
2018: €37k
2019: €14k▼ -62.9% vs 2018
2020: €11k▼ -22.2% vs 2019lowest in 8 years
2021: €16k▲ +43.5% vs 2020
2022: €29k▲ +88.4% vs 2021
2023: €46k▲ +57.6% vs 2022
2024: €49k▲ +6.8% vs 2023
2025: €52k▲ +6.6% vs 2024highest in 8 years
2018 → 2025
EBIT margin
8.7%▲ 7.9pp
2024 · 0.8%
2018: 22.2%highest in 8 years
2019: -61.2%▼ -376% vs 2018lowest in 8 years
2020: -2.3%▲ +96.2% vs 2019
2021: -30.1%▼ -1191% vs 2020
2022: -0.2%▲ +99.4% vs 2021
2023: 7.1%▲ +4375% vs 2022
2024: 0.8%▼ -88.6% vs 2023
2025: 8.7%▲ +980% vs 2024
2018 → 2025
Net result
€3k▲ 1,372%
2024 · €232
2018: €6khighest in 8 years
2019: €-9k▼ -233% vs 2018lowest in 8 years
2020: €-271▲ +96.8% vs 2019
2021: €-5k▼ -1654% vs 2020
2022: €-267▲ +94.4% vs 2021
2023: €3k▲ +1305% vs 2022
2024: €232▼ -92.8% vs 2023
2025: €3k▲ +1372% vs 2024
2018 → 2025
Working capital
€16k▲ 67.1%
2024 · €9k
2018: €20khighest in 8 years
2019: €14k▼ -32.5% vs 2018
2020: €15k▲ +12.0% vs 2019
2021: €8k▼ -47.0% vs 2020
2022: €6k▼ -21.5% vs 2021lowest in 8 years
2023: €10k▲ +52.3% vs 2022
2024: €9k▼ -4.7% vs 2023
2025: €16k▲ +67.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16k-€29k▲ 88.4%€46k▲ 57.6%€49k▲ 6.8%€52k▲ 6.6%
2021: €16klowest in 5 years
2022: €29k▲ +88.4% vs 2021
2023: €46k▲ +57.6% vs 2022
2024: €49k▲ +6.8% vs 2023
2025: €52k▲ +6.6% vs 2024highest in 5 years
Equity€12k-€11k▼ 2.3%€14k▲ 28.6%€15k▲ 1.6%€18k▲ 23.2%
2021: €12k
2022: €11k▼ -2.3% vs 2021lowest in 5 years
2023: €14k▲ +28.6% vs 2022
2024: €15k▲ +1.6% vs 2023
2025: €18k▲ +23.2% vs 2024highest in 5 years
Operating result€-5k-€-49▲ 99.0%€3k€397▼ 87.8%€5k▲ 1,052%
2021: €-5klowest in 5 years
2022: €-49▲ +99.0% vs 2021
2023: €3k▲ +6835% vs 2022
2024: €397▼ -87.8% vs 2023
2025: €5k▲ +1052% vs 2024highest in 5 years
Net result€-5k-€-267▲ 94.4%€3k€232▼ 92.8%€3k▲ 1,372%
2021: €-5klowest in 5 years
2022: €-267▲ +94.4% vs 2021
2023: €3k▲ +1305% vs 2022
2024: €232▼ -92.8% vs 2023
2025: €3k▲ +1372% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,052% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€3k ▼ 52.7%
Current assets
€23k ▼ 1.1%
Equity and liabilities €25k
Equity
€18k ▲ 23.2%
Debt
€7k ▼ 47.4%
Debt's share of the balance-sheet total falls from 48.3% to 28.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2024 · €4k
Cash flow
€6k▲
2024 · €4k
Current ratio
3.15▲
2024 · 1.68
Debt to equity
0.40▼
2024 · 0.93
ROE
18.8%▲
2024 · 1.6%
ROA
13.4%▲
2024 · 0.8%
Interest coverage
53.20▲
2024 · 26.22
Debt ≤ 1 year
€7k▼
2024 · €14k
Income taxes
€1k▲
2024 · €52
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€28k€25k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23€5k€2k▼
Financial fixed assets28€500€500=
Current assets29/58€23k€23k▼
Amounts receivable within one year40/41€5k€6k▲
Trade receivables40€5k€6k▲
Cash at bank and in hand54/58€18k€17k▼
Deferred charges and accrued income490/1-€13
Equity and liabilities
Total equity and liabilities10/49€28k€25k▼
Equity10/15€15k€18k▲
Contributions10/11€19k€19k=
Reserves13€324€324=
Distributable reserves133€324€324=
Profit (loss) carried forward14€-4k€-801▲
Amounts payable17/49€14k€7k▼
Amounts payable within one year42/48€14k€7k▼
Trade debts44€2k€569▼
Suppliers440/4€2k€569▼
Taxes, remuneration and social security45€9k€4k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€5k€491▼
Other amounts payable47/48€4k€3k▼
Income statement
Code20242025
Turnover70€49k€52k▲
Goods, raw materials, services and sundry goods60/61€44k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€505€520▲
Gross operating margin9900€5k€8k▲
Operating profit (loss)9901€397€5k▲
Financial income75/76B€50€194▲
Recurring financial income75€50€194▲
Financial charges65/66B€164€139▼
Recurring financial charges65€164€139▼
Profit (loss) for the period before taxes9903€284€5k▲
Income taxes67/77€52€1k▲
Profit (loss) for the period9904€232€3k▲
Profit (loss) for the period to be appropriated9905€232€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-801▲
Profit (loss) brought forward from the previous period14P€-4k€-4k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €16k | €29k | €46k | €49k | €52k | ▲ 6.6% |
| Goods, raw materials, services and sundry goods60/61 | €20k | €27k | €40k | €44k | €46k | ▲ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €281 | €2k | €3k | €4k | €3k | ▼ 26.9% |
| Other operating charges640/8 | €449 | €450 | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €-4k | €2k | €7k | €5k | €8k | ▲ 65.6% |
| Operating profit (loss)9901 | €-5k | €-49 | €3k | €397 | €5k | ▲ 1,052% |
| Financial income75/76B | - | - | €123 | €50 | €194 | ▲ 286% |
| Recurring financial income75 | - | - | €123 | €50 | €194 | ▲ 286% |
| Financial charges65/66B | €80 | €150 | €138 | €164 | €139 | ▼ 14.7% |
| Recurring financial charges65 | €80 | €150 | €138 | €164 | €139 | ▼ 14.7% |
| Profit (loss) for the period before taxes9903 | €-5k | €-199 | €3k | €284 | €5k | ▲ 1,531% |
| Income taxes67/77 | - | €68 | €33 | €52 | €1k | ▲ 2,239% |
| Profit (loss) for the period9904 | €-5k | €-267 | €3k | €232 | €3k | ▲ 1,372% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-267 | €3k | €232 | €3k | ▲ 1,372% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €29k | €21k | €28k | €25k | ▼ 10.9% |
| Fixed assets21/28 | €3k | €5k | €5k | €5k | €3k | ▼ 52.7% |
| Tangible fixed assets22/27 | €3k | €4k | €4k | €5k | €2k | ▼ 58.1% |
| Plant, machinery and equipment23 | €3k | €4k | €4k | €5k | €2k | ▼ 58.1% |
| Furniture and vehicles24 | €243 | €121 | - | - | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €23k | €24k | €16k | €23k | €23k | ▼ 1.1% |
| Amounts receivable within one year40/41 | €2k | €2k | €5k | €5k | €6k | ▲ 23.1% |
| Trade receivables40 | €2k | €2k | €4k | €5k | €6k | ▲ 23.1% |
| Other amounts receivable41 | €231 | €231 | €231 | - | - | - |
| Cash at bank and in hand54/58 | €20k | €21k | €11k | €18k | €17k | ▼ 7.5% |
| Deferred charges and accrued income490/1 | €597 | €231 | €231 | - | €13 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €29k | €21k | €28k | €25k | ▼ 10.9% |
| Equity10/15 | €12k | €11k | €14k | €15k | €18k | ▲ 23.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €324 | €324 | €324 | €324 | €324 | = |
| Non-distributable reserves130/1 | €324 | €324 | - | - | - | - |
| Reserves not available under the articles1311 | €324 | €324 | - | - | - | - |
| Distributable reserves133 | - | - | €324 | €324 | €324 | = |
| Profit (loss) carried forward14 | €-7k | €-8k | €-4k | €-4k | €-801 | ▲ 81.0% |
| Amounts payable17/49 | €15k | €17k | €6k | €14k | €7k | ▼ 47.4% |
| Amounts payable within one year42/48 | €15k | €17k | €6k | €14k | €7k | ▼ 47.4% |
| Trade debts44 | €471 | €868 | €445 | €2k | €569 | ▼ 65.0% |
| Suppliers440/4 | €471 | €868 | €445 | €2k | €569 | ▼ 65.0% |
| Taxes, remuneration and social security45 | €12k | €662 | €2k | €9k | €4k | ▼ 56.9% |
| Taxes450/3 | €639 | €662 | €2k | €3k | €3k | ▲ 4.6% |
| Remuneration and social security454/9 | €11k | - | - | €5k | €491 | ▼ 91.0% |
| Other amounts payable47/48 | €2k | €16k | €4k | €4k | €3k | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-267 | €3k | €232 | €3k | ▲ 1,372% |
| + Depreciation and write-downs630 | €281 | €2k | €3k | €4k | €3k | ▼ 26.9% |
| Operating cash flow (approximation) | €-4k | €1k | €6k | €4k | €6k | ▲ 51.6% |
| Investment in fixed assets (approximation) | - | €-3k | €-3k | €-5k | €0 | ▲ 100% |
| Change in cash | - | €1k | €-10k | €7k | €-1k | ▼ 119% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 4 loss-making years.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
Ground area
334 m²
Building footprint
90 m²
Volume, LiDAR
710 m³
Parcel 11051C0239/00Y010, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Fredography
since 20172.271.072.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051C0239/00Y010 | Flanders | 334 m² | 1 · 90 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GRAPHER § Co
BE 0863.768.469
Wavre · Eq €18,134
Architecten A.
BE 0883.872.710
Gent · Eq €18,104
AP MANAGEMENT
BE 1003.922.779
Schaarbeek · Eq €18,272
IMAG'IN YOU
BE 0876.024.321
Drogenbos · Eq €17,955
ATELIER 20
BE 0441.503.616
Oudergem · Eq €18,326
Of 14,143 companies in sector 74201 we hold annual accounts for 2,610. 1,486 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.