FREG
ActiveThe computed 12-month bankruptcy probability of FREG is 3.0% (moderate). The 2024 annual accounts show equity of €22k and a net result of €14k. Equity is shrinking by ~44.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 12% of 36373 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+16
Solvency32▲+5
Growth32=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.5 in 2023; short-term debt: 83.9% and cash: 16.3% of total assets), and 93.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
6.6%
Return on assets
4.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
173 d late
2022
71 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€22k▲ 166%
2023 · €8k
2022: €41k
2023: €8k
2022 → 2024
Total assets
€331k▼ 12.0%
2023 · €376k
2022: €338k
2023: €376k
2022 → 2024
Net result
€14k
2023 · €-33k
2022: €36k
2023: €-33k
2022 → 2024
Working capital
€-107k▲ 34.1%
2023 · €-163k
2022: €-114k
2023: €-163k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€41k-€8k▼ 80.0%€22k▲ 166%
Operating result€50k-€-32k€17k
Net result€36k-€-33k€14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €17k after a loss of €32k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €331k
Fixed assets
€160k▼ 25.0%
Current assets
€170k▲ 5.2%
Equity and liabilities €331k
Equity
€22k▲ 166%
Debt
€309k▼ 16.0%
The debt ratio falls from 97.8% to 93.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71k▲
2023 · €13k
Cash flow
€67k▲
2023 · €11k
Solvency
6.6%▲
2023 · 2.2%
Current ratio
0.61▲
2023 · 0.50
Quick ratio
0.29▲
2023 · 0.23
Debt / equity
14.07▼
2023 · 44.48
ROE
62.4%▲
2023 · -400.8%
ROA
4.1%▲
2023 · -8.8%
Interest coverage
36.47▲
2023 · 10.40
Debt
€309k▼
2023 · €368k
Debt ≤ 1 year
€278k▼
2023 · €325k
Debt > 1 year
€31k▼
2023 · €43k
Income taxes
€2k▲
2023 · €197
Staff costs
€88k▼
2023 · €93k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€376k€331k▼
Fixed assets21/28€214k€160k▼
Intangible fixed assets21€107k€86k▼
Tangible fixed assets22/27€107k€75k▼
Furniture and vehicles24€97k€66k▼
Other tangible fixed assets26€10k€9k▼
Current assets29/58€162k€170k▲
Stocks and contracts in progress3€88k€90k▲
Stocks30/36€88k€90k▲
Amounts receivable within one year40/41€24k€20k▼
Trade receivables40€24k€20k▼
Other amounts receivable41€187€0▼
Cash at bank and in hand54/58€49k€54k▲
Deferred charges and accrued income490/1€1k€7k▲
Equity and liabilities
Total equity and liabilities10/49€376k€331k▼
Equity10/15€8k€22k▲
Contributions10/11€5k€5k=
Reserves13-€14k
Distributable reserves133-€14k
Profit (loss) carried forward14€3k€3k▲
Amounts payable17/49€368k€309k▼
Amounts payable after more than one year17€43k€31k▼
Financial debts170/4€43k€31k▼
Amounts payable within one year42/48€325k€278k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Taxes, remuneration and social security45€34k€23k▼
Taxes450/3€20k€10k▼
Remuneration and social security454/9€14k€13k▼
Other amounts payable47/48€269k€240k▼
Income statement
Code20232024
Remuneration, social security and pensions62€93k€88k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€54k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€207€0▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€5€0▼
Gross operating margin9900€107k€161k▲
Operating profit (loss)9901€-32k€17k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-33k€15k▲
Income taxes67/77€197€2k▲
Profit (loss) for the period9904€-33k€14k▲
Profit (loss) for the period to be appropriated9905€-33k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€17k▲
Profit (loss) brought forward from the previous period14P€36k€3k▼
Transfer to equity691/2-€14k
To other reserves6921-€14k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
20-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 173 days late
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-33k ▼191%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Liège · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Herve 2634030 LiègeGround area
501 m²
Building footprint
146 m²
Volume, LiDAR
1,077 m³
Parcel 62302C0012/00R009, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FREG SRL
since 20222.328.792.925
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62302C0012/00R009 | Wallonia | 501 m² | 1 · 146 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
RS Plus
BE 0795.934.092
Geraardsbergen · Eq €22k
BRBCO
BE 0760.704.583
Sint-Pieters-Leeuw · Eq €22k
Engineerinck
BE 0770.669.453
Sint-Laureins · Eq €22k
DEBAUVE
BE 0478.009.466
Fontaine-l'Evêque · Eq €22k
INGELEBCH
BE 0785.824.813
Zaventem · Eq €22k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 7,378 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2022
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
43211General electrical installation work
27402Manufacture of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.