FREGEFIN
ActiveSummary
FREGEFIN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency74▲+21
Growth67▲+13
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.27 in 2024; short-term debt: 18.1% and cash: 19.6% of total assets), but 51.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
48.6%
Return on assets
31.6%
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
202122232425
2020 to 2025 · latest year €59k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
60 d early
2024
38 d early
2023
36 d early
2022
54 d early
2021
39 d early
2020
33 d late
← 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
€147k▼ 10.4%
2023 · €164k
2020: €127k
2021: €123k▼ -3.0% vs 2020lowest in 5 years
2022: €132k▲ +6.9% vs 2021
2023: €164k▲ +24.6% vs 2022highest in 5 years
2024: €147k▼ -10.4% vs 2023
2020 → 2024
EBIT margin
29.5%▼ 4.5pp
2023 · 33.9%
2020: 14.3%lowest in 5 years
2021: 23.6%▲ +64.8% vs 2020
2022: 26.1%▲ +10.6% vs 2021
2023: 33.9%▲ +29.9% vs 2022highest in 5 years
2024: 29.5%▼ -13.2% vs 2023
2020 → 2024
Net result
€39k▲ 15.4%
2024 · €33k
2020: €14klowest in 6 years
2021: €22k▲ +55.8% vs 2020
2022: €25k▲ +14.4% vs 2021
2023: €43k▲ +70.3% vs 2022highest in 6 years
2024: €33k▼ -21.9% vs 2023
2025: €39k▲ +15.4% vs 2024
2020 → 2025
Working capital
€28k▲ 96.3%
2024 · €14k
2020: €22k
2021: €43k▲ +93.8% vs 2020highest in 6 years
2022: €9k▼ -78.8% vs 2021lowest in 6 years
2023: €19k▲ +111% vs 2022
2024: €14k▼ -24.7% vs 2023
2025: €28k▲ +96.3% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€123k-€132k▲ 6.9%€164k▲ 24.6%€147k▼ 10.4%
2021: €123klowest in 4 years
2022: €132k▲ +6.9% vs 2021
2023: €164k▲ +24.6% vs 2022highest in 4 years
2024: €147k▼ -10.4% vs 2023
Equity€44k-€10k▼ 76.3%€20k▲ 94.2%€21k▲ 2.3%€59k▲ 186%
2021: €44k
2022: €10k▼ -76.3% vs 2021lowest in 5 years
2023: €20k▲ +94.2% vs 2022
2024: €21k▲ +2.3% vs 2023
2025: €59k▲ +186% vs 2024highest in 5 years
Operating result€29k-€34k▲ 18.2%€56k▲ 61.8%€43k▼ 22.3%€51k▲ 17.0%
2021: €29klowest in 5 years
2022: €34k▲ +18.2% vs 2021
2023: €56k▲ +61.8% vs 2022highest in 5 years
2024: €43k▼ -22.3% vs 2023
2025: €51k▲ +17.0% vs 2024
Net result€22k-€25k▲ 14.4%€43k▲ 70.3%€33k▼ 21.9%€39k▲ 15.4%
2021: €22klowest in 5 years
2022: €25k▲ +14.4% vs 2021
2023: €43k▲ +70.3% vs 2022highest in 5 years
2024: €33k▼ -21.9% vs 2023
2025: €39k▲ +15.4% vs 2024
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 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€72k ▲ 1,033%
Current assets
€50k ▼ 25.0%
Equity and liabilities €122k
Equity
€59k ▲ 186%
Debt
€63k ▲ 18.8%
Debt's share of the balance-sheet total falls from 71.8% to 51.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53k▲
2024 · €45k
Cash flow
€41k▲
2024 · €36k
Current ratio
2.28▲
2024 · 1.27
Debt to equity
1.06▼
2024 · 2.55
ROE
65.1%▼
2024 · 161.3%
ROA
31.6%▼
2024 · 45.5%
Interest coverage
47.39▼
2024 · 66.67
Debt ≤ 1 year
€22k▼
2024 · €53k
Debt > 1 year
€41k
Income taxes
€11k▲
2024 · €9k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€74k€122k▲
Fixed assets21/28€6k€72k▲
Tangible fixed assets22/27€6k€72k▲
Plant, machinery and equipment23€307€107▼
Furniture and vehicles24€6k€72k▲
Current assets29/58€67k€50k▼
Amounts receivable within one year40/41€21k€15k▼
Trade receivables40€18k€14k▼
Other amounts receivable41€3k€1k▼
Current investments50/53€9k€10k▲
Cash at bank and in hand54/58€37k€24k▼
Deferred charges and accrued income490/1-€784
Equity and liabilities
Total equity and liabilities10/49€74k€122k▲
Equity10/15€21k€59k▲
Contributions10/11€8k€8k=
Capital10€8k-
Issued capital100€8k-
Profit (loss) carried forward14€13k€51k▲
Amounts payable17/49€53k€63k▲
Amounts payable after more than one year17-€41k
Financial debts170/4-€41k
Amounts payable within one year42/48€53k€22k▼
Current portion of amounts payable after more than one year42-€9k
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€11k€3k▼
Taxes450/3€11k€3k▼
Other amounts payable47/48€40k€8k▼
Income statement
Code20242025
Turnover70€147k-
Goods, raw materials, services and sundry goods60/61€101k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€644€665▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€46k€55k▲
Operating profit (loss)9901€43k€51k▲
Financial income75/76B€66€0▼
Recurring financial income75€66€0▼
Financial charges65/66B€681€1k▲
Recurring financial charges65€681€1k▲
Profit (loss) for the period before taxes9903€43k€50k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€33k€39k▲
Profit (loss) for the period to be appropriated9905€33k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€51k▲
Profit (loss) brought forward from the previous period14P€12k€13k▲
Profit to be distributed694/7€33k-
Return on contributions (dividend)694€33k-
The notes to these accounts (8 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 | €123k | €132k | €164k | €147k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €94k | €96k | €107k | €101k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €162 | €438 | €529 | €2k | €2k | ▼ 5.2% |
| Other operating charges640/8 | €220 | €571 | €628 | €644 | €665 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | - | - | €2k | - |
| Gross operating margin9900 | €29k | €35k | €57k | €46k | €55k | ▲ 19.7% |
| Operating profit (loss)9901 | €29k | €34k | €56k | €43k | €51k | ▲ 17.0% |
| Financial income75/76B | - | - | €5 | €66 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | €5 | €66 | €0 | ▼ 100.0% |
| Financial charges65/66B | €776 | €586 | €944 | €681 | €1k | ▲ 63.1% |
| Recurring financial charges65 | €776 | €586 | €944 | €681 | €1k | ▲ 63.1% |
| Profit (loss) for the period before taxes9903 | €28k | €34k | €55k | €43k | €50k | ▲ 16.1% |
| Income taxes67/77 | €6k | €9k | €12k | €9k | €11k | ▲ 18.6% |
| Profit (loss) for the period9904 | €22k | €25k | €43k | €33k | €39k | ▲ 15.4% |
| Profit (loss) for the period to be appropriated9905 | €22k | €25k | €43k | €33k | €39k | ▲ 15.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65k | €93k | €77k | €74k | €122k | ▲ 66.0% |
| Fixed assets21/28 | €1k | €1k | €1k | €6k | €72k | ▲ 1,033% |
| Tangible fixed assets22/27 | €1k | €1k | €1k | €6k | €72k | ▲ 1,033% |
| Plant, machinery and equipment23 | €907 | €707 | €507 | €307 | €107 | ▼ 65.2% |
| Furniture and vehicles24 | €340 | €642 | €626 | €6k | €72k | ▲ 1,089% |
| Current assets29/58 | €64k | €91k | €76k | €67k | €50k | ▼ 25.0% |
| Amounts receivable within one year40/41 | €22k | €22k | €25k | €21k | €15k | ▼ 26.9% |
| Trade receivables40 | €22k | €22k | €25k | €18k | €14k | ▼ 21.4% |
| Other amounts receivable41 | - | - | - | €3k | €1k | ▼ 61.8% |
| Current investments50/53 | - | - | €4k | €9k | €10k | ▲ 18.9% |
| Cash at bank and in hand54/58 | €42k | €69k | €46k | €37k | €24k | ▼ 36.2% |
| Deferred charges and accrued income490/1 | - | - | €497 | - | €784 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65k | €93k | €77k | €74k | €122k | ▲ 66.0% |
| Equity10/15 | €44k | €10k | €20k | €21k | €59k | ▲ 186% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Capital10 | €8k | €8k | €8k | €8k | - | - |
| Issued capital100 | €8k | €8k | €8k | €8k | - | - |
| Profit (loss) carried forward14 | €36k | €2k | €12k | €13k | €51k | ▲ 303% |
| Amounts payable17/49 | €21k | €82k | €57k | €53k | €63k | ▲ 18.8% |
| Amounts payable after more than one year17 | - | - | - | - | €41k | - |
| Financial debts170/4 | - | - | - | - | €41k | - |
| Amounts payable within one year42/48 | €21k | €82k | €57k | €53k | €22k | ▼ 58.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9k | - |
| Trade debts44 | €6k | €4k | €3k | €2k | €2k | ▲ 4.9% |
| Suppliers440/4 | €6k | €4k | €3k | €2k | €2k | ▲ 4.9% |
| Taxes, remuneration and social security45 | €15k | €16k | €18k | €11k | €3k | ▼ 77.3% |
| Taxes450/3 | €10k | €16k | €18k | €11k | €3k | ▼ 77.3% |
| Remuneration and social security454/9 | €5k | - | - | - | - | - |
| Other amounts payable47/48 | - | €62k | €36k | €40k | €8k | ▼ 79.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €25k | €43k | €33k | €39k | ▲ 15.4% |
| + Depreciation and write-downs630 | €162 | €438 | €529 | €2k | €2k | ▼ 5.2% |
| Operating cash flow (approximation) | €22k | €26k | €43k | €36k | €41k | ▲ 14.2% |
| Investment in fixed assets (approximation) | - | €-539 | €-313 | €-7k | €-67k | ▼ 816% |
| Change in cash | - | €28k | €-23k | €-9k | €-14k | ▼ 56.4% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €43k ▲70.3%
Operating result €56k, net result €43k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
30-09
State Gazette act
Board meeting · Power of attorney
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Tervuren · 1 establishment unit since 2019
Ground area
1,945 m²
Building footprint
165 m²
Volume, LiDAR
1,067 m³
Parcel 24114A0118/00A000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FREGEFIN
since 20192.294.153.631
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114A0118/00A000 | Flanders | 1,944 m² | 1 · 165 m² | 8.5 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500XT0PEFUFLS3U62
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,966 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
Founded19-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.