Summary
FreGoe is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €79,540 and a net result of €11,396. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 9872 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
31 d late
2021
99 d late
2020
60 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€79,540▲ 16.7%
2023 · €68,144
Net result
€11,396▼ 25.2%
2023 · €15,232
Total assets
€99,626▲ 11.0%
2023 · €89,745
Solvency
79.8%▲ 3.9pp
2023 · 75.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,973▼ 31.0%€17,016▲ 113%€19,733▲ 16.0%€22,789▲ 15.5%€17,327▼ 24.0%
Net result€5,129within the sector's middle half▼ 40.7%€11,662within the sector's middle half▲ 127%€12,866within the sector's middle half▲ 10.3%€15,232within the sector's middle half▲ 18.4%€11,396within the sector's middle half▼ 25.2%
Equity€28,383below the sector's middle half▲ 22.1%€40,045within the sector's middle half▲ 41.1%€52,911within the sector's middle half▲ 32.1%€68,144within the sector's middle half▲ 28.8%€79,540within the sector's middle half▲ 16.7%
Total assets€44,070below the sector's middle half▲ 27.2%€54,377below the sector's middle half▲ 23.4%€71,782below the sector's middle half▲ 32.0%€89,745below the sector's middle half▲ 25.0%€99,626below the sector's middle half▲ 11.0%
Debt€15,687▲ 37.9%€14,333▼ 8.6%€18,871▲ 31.7%€21,602▲ 14.5%€20,086▼ 7.0%
Working capital€12,890within the sector's middle half▼ 42.1%€14,596within the sector's middle half▲ 13.2%€28,437within the sector's middle half▲ 94.8%€46,303within the sector's middle half▲ 62.8%€64,344within the sector's middle half▲ 39.0%
Solvency64.4%within the sector's middle half▼ 2.7pp73.6%within the sector's middle half▲ 9.2pp73.7%within the sector's middle half▲ 0.1pp75.9%within the sector's middle half▲ 2.2pp79.8%above the sector's middle half▲ 3.9pp
Current ratio1.82within the sector's middle half▼ 1.132.02within the sector's middle half▲ 0.202.51within the sector's middle half▲ 0.493.14within the sector's middle half▲ 0.644.20within the sector's middle half▲ 1.06
Return on assets (ROA)11.6%within the sector's middle half▼ 13.3pp21.4%within the sector's middle half▲ 9.8pp17.9%within the sector's middle half▼ 3.5pp17.0%within the sector's middle half▼ 1.0pp11.4%within the sector's middle half▼ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99,626
Fixed assets
€15,196 ▼ 30.4%
Current assets
€84,430 ▲ 24.3%
Equity and liabilities €99,626
Equity
€79,540 ▲ 16.7%
Debt
€20,086 ▼ 7.0%
Debt's share of the balance-sheet total falls from 24.1% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
14.3%▼
2023 · 22.4%
Debt ≤ 1 year
€20,086▼
2023 · €21,602
Income taxes
€5,959▼
2023 · €7,597
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,235 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €906 | €3,829 | €6,076 | €6,243 | €4,981 | ▼ 20.2% |
| Other operating charges640/8 | - | €821 | €951 | €1,184 | €912 | ▼ 22.9% |
| Non-recurring operating charges66A | - | - | - | €250 | - | - |
| Gross operating margin9900 | €9,746 | €21,665 | €26,760 | €30,466 | €23,220 | ▼ 23.8% |
| Operating profit (loss)9901 | €7,973 | €17,016 | €19,733 | €22,789 | €17,327 | ▼ 24.0% |
| Financial income75/76B | - | - | €1 | €44 | €45 | ▲ 0.6% |
| Recurring financial income75 | €0 | - | €1 | €44 | €45 | ▲ 0.6% |
| Financial charges65/66B | - | €26 | €1 | €4 | €16 | ▲ 283% |
| Recurring financial charges65 | €87 | €26 | €1 | €4 | €16 | ▲ 283% |
| Profit (loss) for the period before taxes9903 | €7,886 | €16,990 | €19,733 | €22,829 | €17,355 | ▼ 24.0% |
| Income taxes67/77 | €2,757 | €5,327 | €6,867 | €7,597 | €5,959 | ▼ 21.6% |
| Profit (loss) for the period9904 | €5,129 | €11,662 | €12,866 | €15,232 | €11,396 | ▼ 25.2% |
| Profit (loss) for the period to be appropriated9905 | €5,129 | €11,662 | €12,866 | €15,232 | €11,396 | ▼ 25.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,070 | €54,377 | €71,782 | €89,745 | €99,626 | ▲ 11.0% |
| Fixed assets21/28 | €15,493 | €25,449 | €24,474 | €21,841 | €15,196 | ▼ 30.4% |
| Tangible fixed assets22/27 | €15,493 | €25,449 | €24,474 | €21,841 | €15,196 | ▼ 30.4% |
| Plant, machinery and equipment23 | - | €22,028 | €18,826 | €16,843 | €13,338 | ▼ 20.8% |
| Furniture and vehicles24 | - | €3,421 | €5,648 | €4,998 | €1,858 | ▼ 62.8% |
| Current assets29/58 | €28,577 | €28,928 | €47,308 | €67,905 | €84,430 | ▲ 24.3% |
| Amounts receivable within one year40/41 | €10,890 | €21,253 | €20,890 | €42,670 | €42,970 | ▲ 0.7% |
| Trade receivables40 | - | €11,253 | €10,890 | €32,670 | €32,970 | ▲ 0.9% |
| Other amounts receivable41 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Cash at bank and in hand54/58 | €17,687 | €7,675 | €26,418 | €25,235 | €41,460 | ▲ 64.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,070 | €54,377 | €71,782 | €89,745 | €99,626 | ▲ 11.0% |
| Equity10/15 | €28,383 | €40,045 | €52,911 | €68,144 | €79,540 | ▲ 16.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Outside capital11 | - | - | - | €6,200 | - | - |
| Other1109/19 | - | - | - | €6,200 | - | - |
| Reserves13 | €22,183 | €33,845 | €46,711 | €61,944 | €73,340 | ▲ 18.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €31,985 | €44,851 | €60,084 | €73,340 | ▲ 22.1% |
| Amounts payable17/49 | €15,687 | €14,333 | €18,871 | €21,602 | €20,086 | ▼ 7.0% |
| Amounts payable within one year42/48 | €15,687 | €14,333 | €18,871 | €21,602 | €20,086 | ▼ 7.0% |
| Trade debts44 | €7,341 | €4,170 | €6,669 | €9,525 | €6,626 | ▼ 30.4% |
| Suppliers440/4 | - | €4,170 | €6,669 | €9,525 | €6,626 | ▼ 30.4% |
| Taxes, remuneration and social security45 | - | €10,118 | €11,963 | €9,007 | €11,825 | ▲ 31.3% |
| Taxes450/3 | - | €10,118 | €11,963 | €9,007 | €11,825 | ▲ 31.3% |
| Other amounts payable47/48 | - | €45 | €239 | €3,070 | €1,635 | ▼ 46.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,129 | €11,662 | €12,866 | €15,232 | €11,396 | ▼ 25.2% |
| + Depreciation and write-downs630 | €906 | €3,829 | €6,076 | €6,243 | €4,981 | ▼ 20.2% |
| Operating cash flow (approximation) | €6,035 | €15,491 | €18,942 | €21,475 | €16,377 | ▼ 23.7% |
| Investment in fixed assets (approximation) | - | -€13,785 | -€5,101 | -€3,610 | €1,664 | ▲ 146% |
| Change in cash | - | -€10,011 | €18,743 | -€1,184 | €16,225 | ▲ 1,471% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €15,232 ▲18.4%
Operating result €22,789, net result €15,232, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 99 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet €5,129 ▼40.7%
Net result drops to €5,129, the lowest in the series; recovery starts the following year.
26-11
State Gazette act
Board meeting · Director appointment
Permanent representative · General meeting
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
07-06
State Gazette act
General meeting · Legal-form conversion
Corporate purpose · Statutes amendment
2017
03-11
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
Financial milestoneState Gazette actNBB 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, Bonheiden · 1 establishment unit since 2017
Ground area
982 m²
Building footprint
189 m²
Volume, LiDAR
1,097 m³
Parcel 12031A0342/00F000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FreGoe
since 20172.270.551.254
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031A0342/00F000 | Flanders | 982 m² | 1 · 189 m² | 8.0 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.
Structure & network
Connections & network
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 11,747 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
Founded12-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0682837933
Also
9925:BE0682837933
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.