Fréjus
ActiveSummary
Fréjus has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,761 and a net result of €21,628. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+5
Solvency31▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.43 in 2024; short-term debt: 33% and cash: 1.7% of total assets), and 94.2% of the assets are financed with debt.
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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
5.8%
Return on assets
2.7%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
28 d late
2022
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€46,761▲ 19.5%
2024 · €39,134
Total assets
€804,667▲ 3.0%
2024 · €781,266
Net result
€21,628▲ 11.8%
2024 · €19,347
Working capital
-€181,170▼ 68.3%
2024 · -€107,659
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line2022202320242025
Operating result€41,231-€27,872▼ 32.4%€47,630▲ 70.9%€44,687▼ 6.2%
Net result€29,077within the sector's middle half-€19,710within the sector's middle half▼ 32.2%€19,347within the sector's middle half▼ 1.8%€21,628within the sector's middle half▲ 11.8%
Equity€29,077within the sector's middle half-€34,787within the sector's middle half▲ 19.6%€39,134within the sector's middle half▲ 12.5%€46,761within the sector's middle half▲ 19.5%
Total assets€585,522above the sector's middle half-€745,528above the sector's middle half▲ 27.3%€781,266above the sector's middle half▲ 4.8%€804,667above the sector's middle half▲ 3.0%
Debt€556,445-€710,741▲ 27.7%€742,132▲ 4.4%€757,905▲ 2.1%
Working capital-€1,491-€24,374-€107,659-€181,170▼ 68.3%
Solvency5.0%below the sector's middle half-4.7%below the sector's middle half▼ 0.3pp5.0%below the sector's middle half▲ 0.3pp5.8%below the sector's middle half▲ 0.8pp
Staff (FTE)1-1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €804,661
Fixed assets
€720,662 ▲ 2.9%
Current assets
€83,999 ▲ 3.8%
Equity and liabilities €804,667
Equity
€46,761 ▲ 19.5%
Debt
€757,905 ▲ 2.1%
Debt's share of the balance-sheet total falls from 95.0% to 94.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,041▼
2024 · €67,890
Cash flow
€42,983▲
2024 · €39,606
Current ratio
0.32▼
2024 · 0.43
Debt to equity
16.21▼
2024 · 18.96
ROE
46.3%▼
2024 · 49.4%
ROA
2.7%▲
2024 · 2.5%
Interest coverage
3.35▲
2024 · 2.77
Debt ≤ 1 year
€265,169▲
2024 · €188,567
Debt > 1 year
€488,055▼
2024 · €551,767
Income taxes
€4,083▲
2024 · €3,884
Staff costs
€35,482▲
2024 · €33,994
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,248 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,248 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32,937 | €39,048 | €33,994 | €35,482 | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,554 | €14,819 | €20,260 | €21,355 | ▲ 5.4% |
| Other operating charges640/8 | €10,368 | €1,349 | €1,657 | €2,499 | ▲ 50.8% |
| Gross operating margin9900 | €126,090 | €83,088 | €103,542 | €104,022 | ▲ 0.5% |
| Operating profit (loss)9901 | €41,231 | €27,872 | €47,630 | €44,687 | ▼ 6.2% |
| Financial income75/76B | €1,521 | €2,172 | €140 | €750 | ▲ 436% |
| Recurring financial income75 | €1,521 | €2,172 | €140 | €750 | ▲ 436% |
| Financial charges65/66B | €7,478 | €6,943 | €24,539 | €19,725 | ▼ 19.6% |
| Recurring financial charges65 | €7,478 | €6,943 | €24,539 | €19,725 | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €35,274 | €23,101 | €23,231 | €25,711 | ▲ 10.7% |
| Income taxes67/77 | €6,197 | €3,391 | €3,884 | €4,083 | ▲ 5.1% |
| Profit (loss) for the period9904 | €29,077 | €19,710 | €19,347 | €21,628 | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €29,077 | €19,710 | €19,347 | €21,628 | ▲ 11.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €585,522 | €745,528 | €781,266 | €804,667 | ▲ 3.0% |
| Formation expenses20 | €579 | €388 | €197 | €6 | ▼ 97.1% |
| Fixed assets21/28 | €428,858 | €625,139 | €700,162 | €720,662 | ▲ 2.9% |
| Tangible fixed assets22/27 | €408,803 | €605,084 | €680,107 | €700,607 | ▲ 3.0% |
| Land and buildings22 | €408,803 | €603,841 | €679,157 | €691,418 | ▲ 1.8% |
| Plant, machinery and equipment23 | - | €530 | €415 | €1,942 | ▲ 368% |
| Furniture and vehicles24 | - | €713 | €535 | €879 | ▲ 64.3% |
| Other tangible fixed assets26 | - | - | - | €6,368 | - |
| Financial fixed assets28 | €20,055 | €20,055 | €20,055 | €20,055 | = |
| Current assets29/58 | €156,085 | €120,000 | €80,907 | €83,999 | ▲ 3.8% |
| Amounts receivable after more than one year29 | €21,000 | €74,000 | €61,000 | €48,000 | ▼ 21.3% |
| Other amounts receivable291 | €21,000 | €74,000 | €61,000 | €48,000 | ▼ 21.3% |
| Amounts receivable within one year40/41 | €125,791 | €40,741 | €13,887 | €13,170 | ▼ 5.2% |
| Trade receivables40 | €86,580 | €10,169 | - | €13,170 | - |
| Other amounts receivable41 | €39,211 | €30,573 | €13,887 | - | - |
| Cash at bank and in hand54/58 | €7,828 | €1,695 | €5,064 | €13,327 | ▲ 163% |
| Deferred charges and accrued income490/1 | €1,467 | €3,565 | €957 | €9,502 | ▲ 893% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €585,522 | €745,528 | €781,266 | €804,667 | ▲ 3.0% |
| Equity10/15 | €29,077 | €34,787 | €39,134 | €46,761 | ▲ 19.5% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | - | €5,710 | €10,057 | €10,057 | = |
| Distributable reserves133 | - | €5,710 | €10,057 | €10,057 | = |
| Profit (loss) carried forward14 | €14,077 | €14,077 | €14,077 | €21,705 | ▲ 54.2% |
| Amounts payable17/49 | €556,445 | €710,741 | €742,132 | €757,905 | ▲ 2.1% |
| Amounts payable after more than one year17 | €398,776 | €614,746 | €551,767 | €488,055 | ▼ 11.5% |
| Financial debts170/4 | €398,776 | €614,746 | €551,767 | €488,055 | ▼ 11.5% |
| Amounts payable within one year42/48 | €157,576 | €95,627 | €188,567 | €265,169 | ▲ 40.6% |
| Current portion of amounts payable after more than one year42 | €26,224 | €47,756 | €63,230 | €58,712 | ▼ 7.1% |
| Financial debts43 | - | - | €2 | - | - |
| Credit institutions430/8 | - | - | €2 | - | - |
| Trade debts44 | €106,783 | €7,386 | €81,929 | €131,351 | ▲ 60.3% |
| Suppliers440/4 | €106,783 | €7,386 | €81,929 | €131,351 | ▲ 60.3% |
| Taxes, remuneration and social security45 | €9,569 | €13,924 | €11,845 | €14,337 | ▲ 21.0% |
| Taxes450/3 | €6,242 | €8,553 | €6,135 | €8,015 | ▲ 30.6% |
| Remuneration and social security454/9 | €3,327 | €5,372 | €5,710 | €6,322 | ▲ 10.7% |
| Other amounts payable47/48 | €15,000 | €26,560 | €31,560 | €60,769 | ▲ 92.6% |
| Accrued charges and deferred income492/3 | €92 | €367 | €1,799 | €4,681 | ▲ 160% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,077 | €19,710 | €19,347 | €21,628 | ▲ 11.8% |
| + Depreciation and write-downs630 | €41,554 | €14,819 | €20,260 | €21,355 | ▲ 5.4% |
| Operating cash flow (approximation) | €70,631 | €34,529 | €39,606 | €42,983 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | -€211,101 | -€95,282 | -€41,855 | ▲ 56.1% |
| Change in cash | - | -€6,133 | €3,369 | €8,263 | ▲ 145% |
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
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Weakest financial yearnet €19,347 ▼1.8%
Net result drops to €19,347, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB 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, Wevelgem · 1 establishment unit since 2020
Ground area
1,060 m²
Building footprint
217 m²
Volume, LiDAR
653 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Toekomststraat 78, 8560 Wevelgem
since 20202.306.933.974
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0402/00A002 | Flanders | 667 m² | 1 · 132 m² | 7.3 m · 2 fl. |
| 34302B0518/00D006 | Flanders | 393 m² | 1 · 84 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 37,774 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
Founded10-07-2020
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750525226
Also
9925:BE0750525226
Registered
27-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.