Active BE 0641.882.850Private limited company

FREGOE

Polderhoek 6 ·8300 Knokke-Heist, Belgium· 10 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

FREGOE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.27M and a net result of €71k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 7837 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€1.27M
Net result	€71k
Better than sector	41%
Active	10 yrs

Financial profile 4 of 5 axes measured · computed by Checked

65 / 100

Strong profile, led by stability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 28

Solvency 81

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2015, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview10 NBB filings

Annual accounts filed on 29-06-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~4.7%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	40.0%	51.3%	better than 41% of 7837 sector peers
Net result	€71k	€33k	better than 71% of 7841 sector peers
Equity	€1.27M	€132k	better than 92% of 7843 sector peers
Gross operating margin	€241k	€63k	better than 90% of 7830 sector peers
Total assets	€3.18M	€337k	better than 95% of 7840 sector peers

Net profit

€71k

+147.5% 21-25

Total assets

€3.18M

-3.0% 21-25

Equity

€1.27M

+5.9% 21-25

Income taxes

€45k

+50.0% 21-25

Dividends

€15k

-81.5% 21-25

Debt

€1.80M

-8.5% 21-25

Debt ≤ 1y

€184k

+30.9% 21-25

Debt > 1y

€1.61M

-11.5% 21-25

Solvency

40.0%

+9.2% 21-25

ROE

5.6%

+133.7% 21-25

ROA

2.2%

+155.3% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€71k	€29k	€48k	€413k	€146k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€45k	€30k	€30k	€18k	€62k
Dividends	-	€15k	€79k	€30k	-
Total assets	€3.18M	€3.28M	€3.38M	€3.26M	€1.59M
Equity	€1.27M	€1.20M	€1.19M	€1.22M	€836k
Debt	€1.80M	€1.97M	€2.07M	€1.91M	€759k
of which ≤ 1y	€184k	€141k	€247k	€176k	€125k
of which > 1y	€1.61M	€1.83M	€1.83M	€1.74M	€633k
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	40.0%	36.6%	35.1%	37.4%	52.4%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	2.2%	0.9%	1.4%	12.7%	9.1%
ROE	5.6%	2.4%	4.1%	33.9%	17.4%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €2.85M · 89.5% Current assets €336k · 10.5%

Equity & liabilities

Equity €1.27M · 40.0% Provisions €112k · 3.5% Debt €1.80M · 56.5%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.18M	€3.28M	€3.38M	€3.26M	€1.59M
Fixed assets	21/28	€2.85M	€2.83M	€2.88M	€2.60M	€853k
Tangible fixed assets	22/27	€2.85M	€2.83M	€2.88M	€2.60M	€853k
Financial fixed assets	28	€90	€90	€90	€90	€90
Current assets	29/58	€336k	€453k	€504k	€662k	€742k
Amounts receivable within one year	40/41	€215k	€380k	€378k	€61k	€16k
Cash & bank	54/58	€118k	€73k	€124k	€254k	€393k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.18M	€3.28M	€3.38M	€3.26M	€1.59M
Equity	10/15	€1.27M	€1.20M	€1.19M	€1.22M	€836k
Contributions / capital	10/11	€318k	€318k	€318k	€318k	€318k
Reserves	13	€796k	€725k	€711k	€742k	€360k
Accumulated profits (losses)	14	€158k	€158k	€158k	€158k	€158k
Provisions & deferred taxes	16	€112k	€116k	€120k	€124k	-
Amounts payable	17/49	€1.80M	€1.97M	€2.07M	€1.91M	€759k
Amounts payable after one year	17	€1.61M	€1.83M	€1.83M	€1.74M	€633k
Amounts payable within one year	42/48	€184k	€141k	€247k	€176k	€125k
Trade debts payable within one year	44	€12k	€7k	€8k	€5k	€10k
Income statement
Gross operating margin	9900	€241k	€186k	€202k	€674k	€273k
Operating result	9901	€174k	€122k	€137k	€583k	€229k
Financial income	75	€10k	€15k	€18k	€11k	€5k
Financial charges	65	€72k	€83k	€80k	€39k	€26k
Result before taxes	9903	€112k	€55k	€75k	€555k	€208k
Income taxes	67/77	€45k	€30k	€30k	€18k	€62k
Net result for the period	9904	€71k	€29k	€48k	€413k	€146k
Result to be appropriated	9905	€82k	€40k	€60k	€42k	€167k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	26-10-2015
Status	Active
Postal code	8300

Establishment units 1 location

FREGOE

Polderhoek 6, 8300 Knokke-HeistFinancial service activities, except insurance and pension funding

since 20152.247.655.690

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31039E0176/00C002	Flanders	374 m²	1 · 189 m²	0.4 m

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.

Updates 10 events

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €29k ▼40.4%

Net result drops to €29k, the lowest in the series; recovery starts the following year.

21-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

23-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €413k ▲183%

Operating result €583k, net result €413k, both a record.

31-12

Financial Equity above €1MEq €1.22M ▲45.8%

2 profitable years in a row build equity to €1.22M.

22-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

12-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

27-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

04-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210

Names & trade names

Legal nameNL

FREGOE

Similar companies Comparable size · 19,462 of 24,645 companies in this sector with filed accounts

ANRO BE 0877.010.949 · Zoersel

BRAND STORY BE 0668.418.783 · Haacht

AHMALIZE BE 0683.784.573 · Wetteren

VERGO HOLDING BE 0862.326.337 · Hoogstraten

COFIMA BE 0888.561.768 · Middelkerke