FREDOTRANS SOLID
ActiveSummary
FREDOTRANS SOLID has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €169k and a net result of €60k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 1852 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▲+13
Solvency37▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.53 in 2023; short-term debt: 42.7% and cash: 1.4% of total assets), and 87.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1852 sector peers (2024).
NBB · sector comparisonPosition among 1852 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
29 d late
2022
31 d late
2021
33 d early
2020
33 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€169k▲ 54.7%
2023 · €109k
2018: €32klowest in 7 years
2019: €75k▲ +137% vs 2018
2020: €76k▲ +1.5% vs 2019
2021: €91k▲ +19.8% vs 2020
2022: €96k▲ +4.7% vs 2021
2023: €109k▲ +14.2% vs 2022
2024: €169k▲ +54.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.40M▼ 2.2%
2023 · €1.43M
2018: €259klowest in 7 years
2019: €332k▲ +28.1% vs 2018
2020: €263k▼ -20.9% vs 2019
2021: €522k▲ +98.5% vs 2020
2022: €545k▲ +4.4% vs 2021
2023: €1.43M▲ +163% vs 2022highest in 7 years
2024: €1.40M▼ -2.2% vs 2023
2018 → 2024
Net result
€60k▲ 341%
2023 · €14k
2018: €17k
2019: €43k▲ +149% vs 2018
2020: €1k▼ -97.4% vs 2019lowest in 7 years
2021: €9k▲ +672% vs 2020
2022: €4k▼ -52.1% vs 2021
2023: €14k▲ +218% vs 2022
2024: €60k▲ +341% vs 2023highest in 7 years
2018 → 2024
Working capital
€-198k▲ 12.0%
2023 · €-225k
2018: €-68k
2019: €14k▲ +121% vs 2018highest in 7 years
2020: €-34k▼ -338% vs 2019
2021: €-133k▼ -289% vs 2020
2022: €-166k▼ -24.7% vs 2021
2023: €-225k▼ -36.2% vs 2022lowest in 7 years
2024: €-198k▲ +12.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€76k-€91k▲ 19.8%€96k▲ 4.7%€109k▲ 14.2%€169k▲ 54.7%
2020: €76klowest in 5 years
2021: €91k▲ +19.8% vs 2020
2022: €96k▲ +4.7% vs 2021
2023: €109k▲ +14.2% vs 2022
2024: €169k▲ +54.7% vs 2023highest in 5 years
Operating result€6k-€15k▲ 159%€31k▲ 107%€56k▲ 79.0%€133k▲ 137%
2020: €6klowest in 5 years
2021: €15k▲ +159% vs 2020
2022: €31k▲ +107% vs 2021
2023: €56k▲ +79.0% vs 2022
2024: €133k▲ +137% vs 2023highest in 5 years
Net result€1k-€9k▲ 672%€4k▼ 52.1%€14k▲ 218%€60k▲ 341%
2020: €1klowest in 5 years
2021: €9k▲ +672% vs 2020
2022: €4k▼ -52.1% vs 2021
2023: €14k▲ +218% vs 2022
2024: €60k▲ +341% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 137% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.40M
Fixed assets
€1.00M ▼ 14.7%
Current assets
€400k ▲ 54.9%
Equity and liabilities €1.40M
Equity
€169k ▲ 54.7%
Debt
€1.23M ▼ 6.8%
Debt's share of the balance-sheet total falls from 92.4% to 87.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€306k▲
2023 · €140k
Cash flow
€232k▲
2023 · €97k
Current ratio
0.67▲
2023 · 0.53
Debt to equity
7.30▼
2023 · 12.11
ROE
35.3%▲
2023 · 12.4%
ROA
4.3%▲
2023 · 0.9%
Interest coverage
4.34▲
2023 · 3.28
Debt ≤ 1 year
€599k▲
2023 · €484k
Debt > 1 year
€633k▼
2023 · €838k
Income taxes
€3k
Staff costs
€564k▲
2023 · €468k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.43M€1.40M▼
Fixed assets21/28€1.17M€1.00M▼
Tangible fixed assets22/27€1.17M€1,000k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€19k€3k▼
Leasing and similar rights25€1.15M€995k▼
Financial fixed assets28€1k€1k=
Current assets29/58€258k€400k▲
Amounts receivable within one year40/41€252k€380k▲
Trade receivables40€252k€379k▲
Other amounts receivable41-€908
Cash at bank and in hand54/58€1k€20k▲
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.40M▼
Equity10/15€109k€169k▲
Contributions10/11€19k€19k=
Reserves13€91k€150k▲
Distributable reserves133€91k€150k▲
Amounts payable17/49€1.32M€1.23M▼
Amounts payable after more than one year17€838k€633k▼
Financial debts170/4€838k€633k▼
Amounts payable within one year42/48€484k€599k▲
Current portion of amounts payable after more than one year42€194k€205k▲
Trade debts44€138k€60k▼
Suppliers440/4€138k€60k▼
Taxes, remuneration and social security45€131k€261k▲
Taxes450/3€110k€145k▲
Remuneration and social security454/9€21k€115k▲
Other amounts payable47/48€20k€73k▲
Accrued charges and deferred income492/3€357-
Income statement
Code20232024
Remuneration, social security and pensions62€468k€564k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€173k▲
Other operating charges640/8€62k€11k▼
Gross operating margin9900€670k€880k▲
Operating profit (loss)9901€56k€133k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€43k€70k▲
Recurring financial charges65€43k€70k▲
Profit (loss) for the period before taxes9903€14k€63k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€14k€60k▲
Profit (loss) for the period to be appropriated9905€14k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€60k▲
Transfer to equity691/2€14k€60k▲
To other reserves6921€14k€60k▲
Social balance
Average headcount (FTE)90875.76.3▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €193k | €312k | €468k | €564k | ▲ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €25k | €84k | €173k | ▲ 106% |
| Other operating charges640/8 | - | €7k | €13k | €62k | €11k | ▼ 82.5% |
| Gross operating margin9900 | €189k | €215k | €382k | €670k | €880k | ▲ 31.3% |
| Operating profit (loss)9901 | €6k | €15k | €31k | €56k | €133k | ▲ 137% |
| Financial income75/76B | - | €386 | - | - | €0 | - |
| Recurring financial income75 | €782 | €386 | - | - | €0 | - |
| Financial charges65/66B | - | €7k | €25k | €43k | €70k | ▲ 65.2% |
| Recurring financial charges65 | €5k | €7k | €25k | €43k | €70k | ▲ 65.2% |
| Profit (loss) for the period before taxes9903 | €2k | €9k | €6k | €14k | €63k | ▲ 363% |
| Income taxes67/77 | €896 | - | €2k | - | €3k | - |
| Profit (loss) for the period9904 | €1k | €9k | €4k | €14k | €60k | ▲ 341% |
| Profit (loss) for the period to be appropriated9905 | €1k | €9k | €4k | €14k | €60k | ▲ 341% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €263k | €522k | €545k | €1.43M | €1.40M | ▼ 2.2% |
| Fixed assets21/28 | €200k | €399k | €427k | €1.17M | €1.00M | ▼ 14.7% |
| Tangible fixed assets22/27 | €199k | €398k | €426k | €1.17M | €1,000k | ▼ 14.7% |
| Plant, machinery and equipment23 | - | €3k | €3k | €2k | €1k | ▼ 33.3% |
| Furniture and vehicles24 | - | €31k | €32k | €19k | €3k | ▼ 83.1% |
| Leasing and similar rights25 | - | €364k | €391k | €1.15M | €995k | ▼ 13.6% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €63k | €123k | €118k | €258k | €400k | ▲ 54.9% |
| Amounts receivable within one year40/41 | €58k | €121k | €93k | €252k | €380k | ▲ 50.8% |
| Trade receivables40 | - | €113k | €93k | €252k | €379k | ▲ 50.4% |
| Other amounts receivable41 | - | €7k | - | - | €908 | - |
| Cash at bank and in hand54/58 | €5k | €2k | €24k | €1k | €20k | ▲ 1,741% |
| Deferred charges and accrued income490/1 | - | - | €971 | €5k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €263k | €522k | €545k | €1.43M | €1.40M | ▼ 2.2% |
| Equity10/15 | €76k | €91k | €96k | €109k | €169k | ▲ 54.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €64k | €73k | €77k | €91k | €150k | ▲ 65.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €71k | €75k | €91k | €150k | ▲ 65.9% |
| Amounts payable17/49 | €187k | €431k | €450k | €1.32M | €1.23M | ▼ 6.8% |
| Amounts payable after more than one year17 | €89k | €175k | €165k | €838k | €633k | ▼ 24.4% |
| Financial debts170/4 | - | €175k | €165k | €838k | €633k | ▼ 24.4% |
| Amounts payable within one year42/48 | €97k | €256k | €284k | €484k | €599k | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | - | €102k | €97k | €194k | €205k | ▲ 5.7% |
| Trade debts44 | €20k | €88k | €74k | €138k | €60k | ▼ 56.7% |
| Suppliers440/4 | - | €88k | €74k | €138k | €60k | ▼ 56.7% |
| Taxes, remuneration and social security45 | - | €48k | €79k | €131k | €261k | ▲ 98.8% |
| Taxes450/3 | - | €35k | €64k | €110k | €145k | ▲ 32.3% |
| Remuneration and social security454/9 | - | €13k | €15k | €21k | €115k | ▲ 440% |
| Other amounts payable47/48 | - | €17k | €35k | €20k | €73k | ▲ 259% |
| Accrued charges and deferred income492/3 | - | - | €349 | €357 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €9k | €4k | €14k | €60k | ▲ 341% |
| + Depreciation and write-downs630 | - | - | €25k | €84k | €173k | ▲ 106% |
| Operating cash flow (approximation) | €1k | €9k | €29k | €97k | €232k | ▲ 139% |
| Investment in fixed assets (approximation) | - | €-199k | €-53k | €-830k | €0 | ▲ 100% |
| Change in cash | - | €-3k | €22k | €-23k | €19k | ▲ 182% |
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
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Highest result since 2018net €60k ▲341%
Operating result €133k, net result €60k, both a record.
31-12
Financial
Equity above €150kEq €169k ▲54.7%
7 profitable years in a row build equity to €169k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €100kEq €109k ▲14.2%
6 profitable years in a row build equity to €109k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €1k ▼97.4%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.11
Current ratio from 0.53 to 1.11; short-term debt falls from €145k to €128k.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
28-06
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.
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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, Beernem · 1 establishment unit since 2016
Ground area
5,279 m²
Building footprint
1,167 m²
Volume, LiDAR
6,556 m³
Parcel 31003G0231/00T000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FREDOTRANS SOLID
since 20162.256.093.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003G0231/00T000 | Flanders | 5,279 m² | 1 · 1,166 m² | 8.1 m · 2 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.
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,303 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
Founded31-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.