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Frekastim

Active
Private limited company (pre-2019)founded 198343 yrs activeNeerstraat 11, 9230 Wetteren, BelgiumKBO/BCE: BE 0424.678.470
Summary

Frekastim has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266,875 and a net result of -€2,149. Equity is shrinking by ~3.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability18▲+6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 18.26 against 17.21 in 2024; short-term debt: 3.5% and cash: 9.4% of total assets), and 3.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 43 years 0 50 y
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,149
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
63 d early
2024
30 d late
2023
23 d late
2022
38 d early
2021
33 d early
2020
30 d late
2019
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 28 June (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 May 1983, Frekastim was incorporated.1 In 2026 the registered office moved to Wetteren.2 FREDERIK DE WINTER has served as non-statutory director of the company since 2026.2 Total assets went from EUR 485,230 in 2018 to EUR 276,582 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 14-07-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€266,875▼ 0.8%
2024 · €269,024
Total assets
€276,582▼ 1.0%
2024 · €279,470
Net result
-€2,149▲ 84.8%
2024 · -€14,094
Working capital
€167,580▼ 1.0%
2024 · €169,299
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€14,522▲ 52.5%-€10,561▲ 27.3%-€15,570▼ 47.4%-€22,373▼ 43.7%-€9,963▲ 55.5%
Net result-€7,349▲ 67.7%-€2,166▲ 70.5%-€8,740▼ 304%-€14,094▼ 61.3%-€2,149▲ 84.8%
Equity€294,023▼ 2.4%€291,857▼ 0.7%€283,118▼ 3.0%€269,024▼ 5.0%€266,875▼ 0.8%
Total assets€303,860▼ 2.3%€302,150▼ 0.6%€294,197▼ 2.6%€279,470▼ 5.0%€276,582▼ 1.0%
Debt€9,837▲ 1.3%€10,293▲ 4.6%€11,079▲ 7.6%€10,446▼ 5.7%€9,707▼ 7.1%
Working capital€186,545▼ 0.2%€191,272▲ 2.5%€182,963▼ 4.3%€169,299▼ 7.5%€167,580▼ 1.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2021: -€14,522-€14,522Net result 2021: -€7,349-€7,349Operating result 2022: -€10,561-€10,561Net result 2022: -€2,166-€2,166Operating result 2023: -€15,570-€15,570Net result 2023: -€8,740-€8,740Operating result 2024: -€22,373-€22,373Net result 2024: -€14,094-€14,094Operating result 2025: -€9,963-€9,963Net result 2025: -€2,149-€2,14920212022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€15,570-€15,600Net result 2023: -€8,740-€8,740Operating result 2024: -€22,373-€22,400Net result 2024: -€14,094-€14,100Operating result 2025: -€9,963-€9,960Net result 2025: -€2,149-€2,150202320242025
The operating result stays negative: a loss of €9,963 in 2025 against €22,373 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276,582
Fixed assets €99,295 ▼ 0.4%
Current assets €177,287 ▼ 1.4%
Equity and liabilities €276,582
Equity €266,875 ▼ 0.8%
Debt €9,707 ▼ 7.1%
Debt's share of the balance-sheet total falls from 3.7% to 3.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€9,533▲
2024 · -€21,943
Cash flow
-€1,719▲
2024 · -€13,664
Current ratio
18.26▲
2024 · 17.21
Debt to equity
0.04▼
2024 · 0.04
ROE
-0.8%▲
2024 · -5.2%
ROA
-0.8%▲
2024 · -5.0%
Interest coverage
-85.18▲
2024 · -211.74
Debt ≤ 1 year
€9,707▼
2024 · €10,446
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€279,470€276,582▼
Fixed assets21/28€99,725€99,295▼
Tangible fixed assets22/27€99,725€99,295▼
Land and buildings22€98,764€98,575▼
Plant, machinery and equipment23€961€721▼
Current assets29/58€179,745€177,287▼
Amounts receivable within one year40/41€142,305€150,206▲
Other amounts receivable41€142,305€150,206▲
Cash at bank and in hand54/58€36,311€25,942▼
Deferred charges and accrued income490/1€1,130€1,140▲
Equity and liabilities
Total equity and liabilities10/49€279,470€276,582▼
Equity10/15€269,024€266,875▼
Contributions10/11€18,600€18,600=
Reserves13€250,424€248,275▼
Non-distributable reserves130/1€11,999€11,999=
Reserves not available under the articles1311€11,999€11,999=
Tax-exempt reserves132€10,531€10,531=
Distributable reserves133€227,895€225,746▼
Amounts payable17/49€10,446€9,707▼
Amounts payable within one year42/48€10,446€9,707▼
Trade debts44€739€0▼
Suppliers440/4€739€0▼
Other amounts payable47/48€9,707€9,707=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€430€430=
Other operating charges640/8€17,547€5,964▼
Gross operating margin9900-€4,396-€3,569▲
Operating profit (loss)9901-€22,373-€9,963▲
Financial income75/76B€8,383€7,926▼
Recurring financial income75€8,383€7,926▼
Financial charges65/66B€104€112▲
Recurring financial charges65€104€112▲
Profit (loss) for the period before taxes9903-€14,094-€2,149▲
Profit (loss) for the period9904-€14,094-€2,149▲
Profit (loss) for the period to be appropriated9905-€14,094-€2,149▲
Appropriation of the result
Profit (loss) to be appropriated9906-€14,094-€2,149▲
Transfer from equity791/2€14,094€2,149▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,893€6,893€430€430€430=
Other operating charges640/8€4,990€5,377€5,576€17,547€5,964▼ 66.0%
Gross operating margin9900-€2,639€1,708-€9,563-€4,396-€3,569▲ 18.8%
Operating profit (loss)9901-€14,522-€10,561-€15,570-€22,373-€9,963▲ 55.5%
Financial income75/76B€7,253€8,496€6,921€8,383€7,926▼ 5.5%
Recurring financial income75€7,253€8,496€6,921€8,383€7,926▼ 5.5%
Financial charges65/66B€79€100€90€104€112▲ 8.0%
Recurring financial charges65€79€100€90€104€112▲ 8.0%
Profit (loss) for the period before taxes9903-€7,349-€2,166-€8,740-€14,094-€2,149▲ 84.8%
Profit (loss) for the period9904-€7,349-€2,166-€8,740-€14,094-€2,149▲ 84.8%
Profit (loss) for the period to be appropriated9905-€7,349-€2,166-€8,740-€14,094-€2,149▲ 84.8%
Line20212022202320242025Change
Assets
Total assets20/58€303,860€302,150€294,197€279,470€276,582▼ 1.0%
Fixed assets21/28€107,478€100,585€100,155€99,725€99,295▼ 0.4%
Tangible fixed assets22/27€107,478€100,585€100,155€99,725€99,295▼ 0.4%
Land and buildings22€105,671€99,143€98,954€98,764€98,575▼ 0.2%
Plant, machinery and equipment23€1,807€1,441€1,201€961€721▼ 25.0%
Current assets29/58€196,382€201,566€194,042€179,745€177,287▼ 1.4%
Amounts receivable within one year40/41€130,744€139,209€146,090€142,305€150,206▲ 5.6%
Other amounts receivable41€130,744€139,209€146,090€142,305€150,206▲ 5.6%
Cash at bank and in hand54/58€64,860€61,552€46,842€36,311€25,942▼ 28.6%
Deferred charges and accrued income490/1€777€804€1,111€1,130€1,140▲ 0.9%
Equity and liabilities
Total equity and liabilities10/49€303,860€302,150€294,197€279,470€276,582▼ 1.0%
Equity10/15€294,023€291,857€283,118€269,024€266,875▼ 0.8%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€275,423€273,257€264,518€250,424€248,275▼ 0.9%
Non-distributable reserves130/1€11,999€11,999€11,999€11,999€11,999=
Reserves not available under the articles1311€11,999€11,999€11,999€11,999€11,999=
Tax-exempt reserves132€10,531€10,531€10,531€10,531€10,531=
Distributable reserves133€252,893€250,728€241,988€227,895€225,746▼ 0.9%
Amounts payable17/49€9,837€10,293€11,079€10,446€9,707▼ 7.1%
Amounts payable within one year42/48€9,837€10,293€11,079€10,446€9,707▼ 7.1%
Trade debts44€130€586€1,372€739€0▼ 100%
Suppliers440/4€130€586€1,372€739€0▼ 100%
Other amounts payable47/48€9,707€9,707€9,707€9,707€9,707=
Line20212022202320242025Change
Profit (loss) for the period9904-€7,349-€2,166-€8,740-€14,094-€2,149▲ 84.8%
+ Depreciation and write-downs630€6,893€6,893€430€430€430=
Operating cash flow (approximation)-€456€4,728-€8,310-€13,664-€1,719▲ 87.4%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€3,308-€14,710-€10,531-€10,369▲ 1.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
State Gazette act Resignation: MARC DE WINTER (non-statutory director)
Appointment: FREDERIK DE WINTER (non-statutory director) · Registered-office move4 facts ▸
  • General meeting, 07-05-2026
  • Director resignation, MARC DE WINTER (non-statutory director)
  • Director appointment, FREDERIK DE WINTER (non-statutory director)
  • Registered-office move, Neerstraat 11,9230 Wetteren
29-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
23-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
23-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial Weakest financial yearnet -€22,725
Net result drops to -€22,725, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 7current ratio 20.26
Current ratio from 2.82 to 20.26; short-term debt falls from €111,308 to €9,707.
26-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
23-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
27-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
FREDERIK DE WINTER
Non-statutory director · since 07-05-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wetteren
exact location from the address register On OpenStreetMap
Ground area
2,709 m²
Building footprint
336 m²
Volume, LiDAR
1,800 m³
Parcel 42025G0204/00F000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42025G0204/00F000 Flanders 2,709 m² 1 · 335 m² 8.4 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.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
FREDERIK DE WINTER
  • Non-statutory director, from 07-05-2026 to date
MARC DE WINTER
  • Non-statutory director, until 07-05-2026
See the board, name and seat on a given date →

Articles of association

Other statement
2 provisions in the deed

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded10-05-1983
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.