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FRELIEN

Active
Private limited companyfounded 2023active for 3 yearsHoutbriel 17, 9140 Temse, BelgiumKBO/BCE: BE 0805.529.867
Summary

The computed 12-month bankruptcy probability of FRELIEN is 8.2% (elevated). The 2025 annual accounts show equity of €43,106 and a net result of €33,106. Its solvency ranks better than 81% of 1,185 sector peers (NACE 52, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Overview

Official details

Source: KBO
Status
Active since 06-09-2023 Normal situation
Activity
Service activities incidental to land transportation NACE 52210
Establishment unit
2.350.741.253 9140 Temse, since 06-09-2023
Financial year end
31 March
Peppol
Reachable since 24-12-2025

Financial position

38 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
8.2%
Annual accounts to 31-03-2025
Gross margin
€44,951
Turnover
≈ €180,000
estimated
Profit
€33,106
Equity
€43,106
Total assets
€55,316
  • 2025 accounts filed 29 days after the deadline
Score breakdownraises riskFounded in 20231 change of registered office in 24 monthsSector: Warehousing and support activities for transportation (NACE 52)Liquidity: current ratio 4.53Show the evidence

Checked score

Score 2025
38 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 89% of micro companies in warehousing and transport support (NACE 52)
Financial strength
Strong
Solvency 100
equity 77.9% of total assets
Liquidity 85
short-term debt 22.1%
Profitability 100
return on assets 59.8%
Bankruptcy probability within 12 months
8.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,304 companies, NACE 52, micro)
Last 24 months 12-2024: 3.7%lowest value 01-2025: 4.2%▲ +0.5 percentage points vs 12-2024 02-2025: 4.6%▲ +0.4 percentage points vs 01-2025 03-2025: 4.6%● unchanged vs 02-2025 04-2025: 5.0%▲ +0.4 percentage points vs 03-2025 05-2025: 5.0%● unchanged vs 04-2025 06-2025: 4.8%▼ -0.2 percentage points vs 05-2025 07-2025: 4.8%● unchanged vs 06-2025 08-2025: 5.1%▲ +0.3 percentage points vs 07-2025 09-2025: 5.2%▲ +0.1 percentage points vs 08-2025 10-2025: 5.3%▲ +0.1 percentage points vs 09-2025 11-2025: 5.3%● unchanged vs 10-2025 12-2025: 4.6%▼ -0.7 percentage points vs 11-2025 01-2026: 4.6%● unchanged vs 12-2025 02-2026: 4.6%● unchanged vs 01-2026 03-2026: 4.6%● unchanged vs 02-2026 04-2026: 4.6%● unchanged vs 03-2026 05-2026: 4.7%▲ +0.1 percentage points vs 04-2026 06-2026: 4.7%● unchanged vs 05-2026 07-2026: 4.7%● unchanged vs 06-2026 08-2026: 4.7%● unchanged vs 07-2026 09-2026: 4.7%● unchanged vs 08-2026 10-2026: 6.8%▲ +2.1 percentage points vs 09-2026 11-2026: 8.2%▲ +1.4 percentage points vs 10-2026highest value
Credit of up to €1,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 4.53, above the usual 1.5. Short-term debt is 22.1% of total assets. 22.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, micro). It does better than 89% of them on solvency, 86% on liquidity and 93% on profitability.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises risk
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
raises risk · Liquidity: current ratio 4.53
NBB · annual accounts
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-11-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
29 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Financials

Financials · financial year 2025, micro format

2025 annual accounts filed 29 days after the deadline Filed on 29 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00573013.

Annual accounts 2025 filed on 29-11-2025 PDF

Turnover
≈ €180,000
Estimated: probably between €110,000 and €330,000
Total assets
€55,316
Net result
€33,106
Working capital
€43,106

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €55,316
Equity €43,106
Debt €12,210
Debt's share of the balance-sheet total is 22.1%.
Key figures and ratios
2025 value
Current ratio
4.53
Debt to equity
0.28
ROE
76.8%
ROA
59.8%
Debt ≤ 1 year
€12,210
Income taxes
€11,035
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 23 lines
Balance sheet Code2025
Assets
Total assets20/58€55,316
Current assets29/58€55,316
Amounts receivable within one year40/41€55,316
Trade receivables40€48,000
Other amounts receivable41€7,316
Equity and liabilities
Total equity and liabilities10/49€55,316
Equity10/15€43,106
Contributions10/11€10,000
Profit (loss) carried forward14€33,106
Amounts payable17/49€12,210
Amounts payable within one year42/48€12,210
Trade debts44€1,174
Suppliers440/4€1,174
Taxes, remuneration and social security45€11,035
Taxes450/3€11,035
Income statement Code2025
Other operating charges640/8€809
Gross operating margin9900€44,951
Operating profit (loss)9901€44,142
Profit (loss) for the period before taxes9903€44,142
Income taxes67/77€11,035
Profit (loss) for the period9904€33,106
Profit (loss) for the period to be appropriated9905€33,106
Appropriation of the result
Profit (loss) to be appropriated9906€33,106

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 29-11-2025.

Line2025
Other operating charges640/8€809
Gross operating margin9900€44,951
Operating profit (loss)9901€44,142
Profit (loss) for the period before taxes9903€44,142
Income taxes67/77€11,035
Profit (loss) for the period9904€33,106
Profit (loss) for the period to be appropriated9905€33,106
Line2025
Assets
Total assets20/58€55,316
Current assets29/58€55,316
Amounts receivable within one year40/41€55,316
Trade receivables40€48,000
Other amounts receivable41€7,316
Equity and liabilities
Total equity and liabilities10/49€55,316
Equity10/15€43,106
Contributions10/11€10,000
Profit (loss) carried forward14€33,106
Amounts payable17/49€12,210
Amounts payable within one year42/48€12,210
Trade debts44€1,174
Suppliers440/4€1,174
Taxes, remuneration and social security45€11,035
Taxes450/3€11,035
Line2025
Profit (loss) for the period9904€33,106
Operating cash flow (approximation)€33,106

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 39,278 companies had the same profile as FRELIEN has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of FRELIEN itself is higher: 8.2% within 12 months. It rests on far more data about FRELIEN than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for FRELIEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-03-2025 micro format 29-11-2025 2025-00573013 PDF

Board & ownership

Directors

Directors
2 directors, no change since 2026
Frederick Van Raemdonck
Director (not named in the articles) · appointed in the act of 24-09-2026 · term without a fixed end
Current
Van Kerckhove Evelien
Director (not named in the articles) · appointed in the act of 24-09-2026 · term without a fixed end
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 08-09-2023

Owners and capital

Shareholders

Share transfer act of 24-09-2026 ↗
At incorporation act of 08-09-2023 ↗
  • VRD MANAGEMENT (BE 0460.282.024) 45 shares (45%) · €4,500
  • VAN RAEMDONCK Raoul Roger Madeleine 7 shares (7%) · €700
  • OSTE Tom Paula Albert 24 shares (24%) · €2,400
  • OSTE Nick Marie-Josèphe André 24 shares (24%) · €2,400

Capital transactions

Capital over time
  1. 08-09-2023 Incorporation · €10,000 · 100 shares

Mandate history

4 people, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Frederick Van Raemdonck
  • Director (not named in the articles), appointed in the act of 24-09-2026, still in office
Van Kerckhove Evelien
  • Director (not named in the articles), appointed in the act of 24-09-2026, still in office
Van Raemdonck André
  • Director, appointed in the act of 07-04-2025, until 31-01-2026
Vrd Management
  • Director (not named in the articles), appointed in the act of 08-09-2023, until 14-03-2025
See the board, name and registered office on a given date →

Network & group

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
VRD OPSLAG - DISTRIBUTIE
Shared corporate director
→

Timeline

Acts, filings and financial milestones

2026
24-09
Gazette deed Company renamed from Ranito to FRELIEN
Registered office moved within Temse · New seat: 9140 Temse, Houtbriel 17 · Previous seat: 9140 Temse, Jan De Malschelaan 1411 points ▸
  • General meeting, 16-09-2026
  • Share transfer, Marleen Schippers → Frederick Van Raemdonck
  • Share transfer, Marleen Schippers → Van Kerckhove Evelien
  • Name change, FRELIEN
  • Registered-office move, 9140 Temse, Houtbriel 17
  • Director resignation, Van Raemdonck André (director)
  • Director appointment, Frederick Van Raemdonck (director (not named in the articles))
  • Director appointment, Van Kerckhove Evelien (director (not named in the articles))
  • Declaration, “acceptance of mandate and no-ban declaration, bestuurder” (deed in Dutch), mentioned 2 times in the deed
  • Power of attorney
  • Power of attorney, Ines Houtsaeger

Open the act in the Belgian Official Gazette

2025
29-11
NBB filing Annual accounts 2025 filedPDF
micro format · 29 days late
07-04
Gazette deed 1 director appointed, 1 director resigning
Resignation: VRD Management BV (director) · Permanent representative: Raoul Van Raemdonck · Appointment: André Van Raemdonck (director)4 points ▸
  • General meeting, 14-03-2025
  • Director resignation, VRD Management BV (director)
  • Permanent representative, Raoul Van Raemdonck
  • Director appointment, André Van Raemdonck (director)

Open the act in the Belgian Official Gazette

2023
08-09
Gazette deed Incorporation
Starting capital €10,000 · Appointment: VRD MANAGEMENT (director) · Permanent representative: VAN RAEMDONCK Raoul Roger Madeleine · Founder14 points ▸
  • Incorporation, “RANITO” (deed in Dutch)
  • Founder, VRD MANAGEMENT
  • Founder, VAN RAEMDONCK Raoul Roger Madeleine
  • Founder, OSTE Tom Paula Albert
  • Founder, OSTE Nick Marie-Josèphe André
  • Founding capital, €10,000
  • Bank account, “ING België, BE19 3632 3449 4712” (deed in Dutch)
  • Share issue, 100, “beschikbare eigen vermogensrekening” (deed in Dutch)
  • Registered office clause, “9140 Temse,Jan De Malschelaan 14” (deed in Dutch)
  • Board rule, 1
  • Director appointment, VRD MANAGEMENT (director (not named in the articles))
  • Permanent representative, VAN RAEMDONCK Raoul Roger Madeleine
  • The act holds 2 more points.

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 6 September 2023, FRELIEN was incorporated as a private limited company by VRD MANAGEMENT and three natural persons, with a starting capital of €10,000.12 The name was changed to FRELIEN in 2026.3 In 2026 the registered office moved to Temse.3 Today the board has 2 members.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-09-2023
  3. 3Belgian Official Gazette, 24-09-2026

Company details

Register details

Identity

KBO record
Name FRELIEN in Dutch
Former name Ranito until 16-09-2026 · act of 24-09-2026
Enterprise number 0805.529.867
Legal form Private limited company
Status Active, normale toestand
Founded 06-09-2023
Entity type Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, bestuursorgaan”
deed of 08-09-2023 (in Dutch)

Registered office and establishments

Registered office Houtbriel 17, 9140 Temse, Belgium
Establishment unit Ranito, Jan de Malschelaan 14, 9140 Temse since 06-09-2023 · unit number 2.350.741.253

Activities

NACEBEL 2025
52210 Service activities incidental to land transportation main activity
Codes under NACEBEL 2008
52210 Service activities incidental to land transportation main activity

Invoicing and payment

VAT number BE 0805.529.867
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0805529867
Other Peppol ID 9925:BE0805529867
Registered 24-12-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-03
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of September at 14:00
deed of 08-09-2023 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the addresses

Ground area
1.9 ha
Building footprint
3,864 m²
Building volume
35,247 m³
Tallest building: 10.9 m.
Cadastral parcel Region Area Buildings Height / floors
46025B0433/00T000 Flanders 1.9 ha 1 · 3,644 m² 10.8 m · 3
46302C0852/00Y000 Flanders 845 m² 1 · 221 m² 6.1 m · 1