FREGU
ActiveFREGU has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €820k and a net result of €99k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+8
Solvency65▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.07 in 2024; short-term debt: 37.4% and cash: 8.3% of total assets), and 59.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
40.2%
Return on assets
4.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
10 d early
2023
14 d early
2022
4 d early
2021
7 d late
2020
41 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€820k▲ 13.7%
2024 · €721k
2019: €596k
2020: €487k
2021: €556k
2022: €618k
2023: €674k
2024: €721k
2019 → 2025
Total assets
€2.04M▲ 2.6%
2024 · €1.99M
2019: €1.16M
2020: €1.13M
2021: €1.11M
2022: €3.47M
2023: €1.95M
2024: €1.99M
2019 → 2025
Net result
€99k▲ 107%
2024 · €48k
2019: €92k
2020: €57k
2021: €69k
2022: €61k
2023: €56k
2024: €48k
2019 → 2025
Working capital
€-582k▲ 19.3%
2024 · €-721k
2019: €-100k
2020: €-202k
2021: €-129k
2022: €-615k
2023: €-546k
2024: €-721k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€556k-€618k▲ 11.0%€674k▲ 9.1%€721k▲ 7.1%€820k▲ 13.7%
Operating result€117k-€118k▲ 0.9%€125k▲ 6.1%€110k▼ 12.2%€187k▲ 70.2%
Net result€69k-€61k▼ 11.3%€56k▼ 8.6%€48k▼ 15.1%€99k▲ 107%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 70% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.04M
Fixed assets
€1.86M▼ 3.9%
Current assets
€181k▲ 228%
Equity and liabilities €2.04M
Equity
€820k▲ 13.7%
Debt
€1.22M▼ 3.7%
The debt ratio falls from 63.7% to 59.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€262k▲
2024 · €219k
Cash flow
€173k▲
2024 · €157k
Solvency
40.2%▲
2024 · 36.3%
Current ratio
0.24▲
2024 · 0.07
Quick ratio
0.24▲
2024 · 0.07
Debt / equity
1.49▼
2024 · 1.76
ROE
12.0%▲
2024 · 6.6%
ROA
4.8%▲
2024 · 2.4%
Interest coverage
6.16▲
2024 · 5.44
Debt
€1.22M▼
2024 · €1.27M
Debt ≤ 1 year
€763k▼
2024 · €776k
Debt > 1 year
€417k▼
2024 · €461k
Income taxes
€46k▲
2024 · €22k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.99M€2.04M▲
Fixed assets21/28€1.93M€1.86M▼
Tangible fixed assets22/27€1.93M€1.86M▼
Land and buildings22€697k€697k=
Other tangible fixed assets26€1.24M€1.16M▼
Current assets29/58€55k€181k▲
Amounts receivable within one year40/41€10k€5k▼
Trade receivables40€2k€5k▲
Other amounts receivable41€8k-
Cash at bank and in hand54/58€39k€170k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.99M€2.04M▲
Equity10/15€721k€820k▲
Contributions10/11€85k€85k=
Reserves13€636k€734k▲
Distributable reserves133€636k€734k▲
Amounts payable17/49€1.27M€1.22M▼
Amounts payable after more than one year17€461k€417k▼
Financial debts170/4€461k€417k▼
Amounts payable within one year42/48€776k€763k▼
Current portion of amounts payable after more than one year42€57k€45k▼
Trade debts44€6k€978▼
Suppliers440/4€6k€978▼
Taxes, remuneration and social security45€3k€19k▲
Taxes450/3€3k€19k▲
Other amounts payable47/48€711k€698k▼
Accrued charges and deferred income492/3€30k€40k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€75k▼
Other operating charges640/8€19k€26k▲
Gross operating margin9900€239k€288k▲
Operating profit (loss)9901€110k€187k▲
Financial charges65/66B€40k€43k▲
Recurring financial charges65€40k€43k▲
Profit (loss) for the period before taxes9903€70k€145k▲
Income taxes67/77€22k€46k▲
Profit (loss) for the period9904€48k€99k▲
Profit (loss) for the period to be appropriated9905€48k€99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€99k▲
Transfer to equity691/2€48k€99k▲
To other reserves6921€48k€99k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €99k ▲107%
Operating result €187k, net result €99k, both a record.
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €48k ▼15.1%
Net result drops to €48k, the lowest in the series; recovery starts the following year.
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 7 days late
2021
30-06
Financial
Equity above €500kEq €556k ▲14.2%
3 profitable years in a row build equity to €556k.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
05-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2016
21-12
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.
Directors · office · real estate
Directors
3 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, Waregem · 1 establishment unit since 2004
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.
Kalkhoevestraat 328790 WaregemGround area
2,797 m²
Building footprint
2,157 m²
Volume, LiDAR
6,260 m³
Parcel 34452B1152/00D019, Flanders · tallest building 15.4 m. Linked by address, not a title deed.
1 establishment unit
Fregu
since 20042.137.434.590
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1152/00D019 | Flanders | 2,796 m² | 1 · 2,157 m² | 15.4 m |
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
BENARDI BELGIUM
BE 0880.966.866
Lierde · Eq €820k
LURISCH
BE 0867.031.035
Balen · Eq €820k
DIAMRO
BE 0649.442.615
Kortrijk · Eq €821k
La Compagnie du Bois aux Charmes
BE 0673.714.884
Watermaal-Bosvoorde · Eq €818k
SVD INVEST
BE 0640.856.531
Kruisem · Eq €821k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,374 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-05-2004
Fiscal year end30-06
Activities, NACEBEL
68110Buying and selling of own real estate
70120
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.