Growth
5 years
5 years of growth in a row. Turnover 2025: €52,490.
Fredography
Lifetime
9 annual accounts with figures on one time axispeak €52,490 (2025)
€52,490▲ 6.6%
lowest -€8,519 (2019)
€3,408▲ 15×
peak €25,077 (2018)
€18,123▲ 23.2%
€7,233▼ 47.4%
Board1 name since 2021
1 directorPAULUSSEN Frédéric
Documentsfilings and deeds
20-08-202620 days late
2025micro format
Gross margin from €4,795 to €7,940Result from €232 to €3,408Equity from €14,715 to €18,123Debts from €13,746 to €7,233
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 70% of micro companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €52,490, total assets €25,356
lowers risk
Liquidity: current ratio 3.15, cash €16,955
Sector: Other professional, scientific and technical activities (NACE 74)
Equity €18,123 (71.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 73% of them on solvency, 81% on liquidity, 57% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Fredography has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Fredography itself is lower: 0.1% within 12 months. It rests on far more data about Fredography than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Fredography. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.15 (1.68 in 2024), above the usual 1.5. Short-term debt is 28.5% and cash 66.9% of total assets. 28.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 €18,123
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
20 days late
2024
31 days early
2023
57 days early
2022
56 days early
2021
59 days early
2020
5 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0685841270
Appointment: PAULUSSEN Frédéric (director)
General meeting of 27-03-2023 · Gazette deed
Incorporation
published on 14-12-2017 · Gazette deed
First establishment
Elzenhoutstraat 13, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Fredography Antwerp | €25,356 | €7,940 | 71.5% | - |
| ON Antwerp | €34,938 | €8,756 | 82.1% | - |
| PEAK STUDIO Pont-à-Celles | €24,110 | €5,973 | -50.2% | - |
| AVANT GARDE CREATION Vilvoorde | €24,346 | €10,896 | 50.1% | - |
| FOTO BING Diest | €28,046 | €4,960 | 77.2% | - |
| Claeys & Duerinck Ronse | €26,934 | €8,162 | -108.2% | - |
| KOLLECTIV NEGATIV Mortsel | €32,685 | €4,210 | -8.9% | - |
These companies have the same main activity as Fredography: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €24,100 and €34,900, founded between 2015 and 2021.
Official details
Source: KBO- Status
- Active since 12-12-2017Normal situation
- Activity
- Photography, excluding press photographyNACE 74201and 1 other
- Establishment unit
- 2.271.072.0842610 Antwerp, since 12-12-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2025
Insights on Fredography
Fredography has existed since 2017. Turnover grew from €1,836 in 2017 to €52,490 in 2025.
Turnover has grown every year since 2020. Solvency rose in 2025 from 51.7% to 71.5% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Fredography
- What is the company number of Fredography?
- The company number of Fredography is 0685.841.270. The VAT number is the same number with BE in front: BE 0685.841.270.
- Where is Fredography based?
- The registered office is at Elzenhoutstraat 13, 2610 Antwerp.Company details
- What does Fredography do?
- According to the KBO register, the main activity is photography, excluding press photography (NACE 74201).
- What is the legal form of Fredography?
- Fredography is a private limited company (BV).
- When was Fredography founded?
- Fredography was founded on 12-12-2017.
- Is Fredography still active?
- Yes, Fredography is an active enterprise in the KBO register.
- What is the turnover of Fredography?
- The turnover of Fredography was €52,490 in financial year 2025, according to the filed annual accounts.Financials
- Is Fredography profitable?
- In financial year 2025, Fredography made a profit of €3,408.
- Where can I find the annual accounts of Fredography?
- Fredography filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Fredography due?
- Fredography must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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