FREG
ActiveSummary
The computed 12-month bankruptcy probability of FREG is 3.6% (moderate). The 2024 annual accounts show equity of €21,959 and a net result of €13,694. Equity has been shrinking by about 44% per year since 2022. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 12% of 35,966 sector peers (NACE 43, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 18-02-2022 Normal situation
- Activity
- General electrical installation work NACE 43211and 2 others
- Joint committees
- 200 Auxiliary committee for white-collar workers
- 149 Sectors related to metal, mechanical and electrical engineering · annual accounts 2024
- Establishment unit
- 2.328.792.925 4030 Liège, since 18-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Board and ownership
- ROVENNE Francis VictorDirector · since 18-02-2022
- ROVENNE Francis Victor50 sharesdeed of 22-02-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.6%
- Gross margin
- €160,986
- ▲ 50.8%
- Turnover
- ≈ €480,000
- estimated
- Profit
- €13,694
- Equity
- €21,959
- ▲ 166%
- Total assets
- €330,833
- ▼ 12.0%
- Employees on 31-12-2024
- 2
- =
- 2025 accounts not filed, 97 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 25-07-2025)1 financial year not filed after the legal deadline; 2 of the last 3 accounts lateFounded in 2022lowers riskSize: total assets €330,833Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 12% of them on solvency, 14% on liquidity, 46% on profitability and 95% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
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Signals
The company filed its last 3 accounts on average 79 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Key points
- Caution: Lower solvency than 87% of companies in specialised constructionsector median 46.6% · 35,966 companies 6.6% View
Recent changes
- · Gazette deed IncorporationFounding capital of €5,000, 50 shares · Founder: ROVENNE Francis Victor · Appointment: ROVENNE Francis Victor (director)
Comparable companies
These companies have the same main activity as FREG: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €301,000 and €403,000, founded between 2021 and 2022.
| Company | Total assets | Gross margin |
|---|---|---|
| FREG Liège | €330,833 | €160,986 |
| Ampere Durieux Wanze | €305,496 | €157,439 |
| FB ELEC Donceel | €384,406 | €166,333 |
| KSW TRADE Saint-Vith | €403,410 | €165,038 |
| JONAS MAUHIN ELECTRICITE Welkenraedt | €386,923 | €175,197 |
| HESBY TECHNICS Wasseiges | €301,206 | €154,817 |
| Jarco Caers Retie | €346,846 | €155,859 |
Key facts about FREG
- What is the company number of FREG?
- The company number of FREG is 0782.357.062. The VAT number is the same number with BE in front: BE 0782.357.062.
- Where is FREG based?
- The registered office is at Rue de Herve 263, 4030 Liège.Company details
- What does FREG do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of FREG?
- FREG is a private limited company (BV).
- When was FREG founded?
- FREG was founded on 18-02-2022.
- Is FREG still active?
- Yes, FREG is an active enterprise in the KBO register.
- How many employees does FREG have?
- FREG had an average of 1.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does FREG fall under?
- In its 2024 annual accounts, FREG states joint committees 200 (Auxiliary committee for white-collar workers) and 149 (Sectors related to metal, mechanical and electrical engineering).
- What is the turnover of FREG?
- The turnover in financial year 2024 is ≈ €480,000. This figure is estimated from the gross margin of €160,986 and 38 comparable companies (NACE 43211). It probably lies between €320,000 and €590,000.
- Is FREG profitable?
- In financial year 2024, FREG made a profit of €13,694.
- Where can I find the annual accounts of FREG?
- FREG filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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