FRELO
ActiveSummary
FRELO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €295,405 and a net result of -€11,973. Equity is shrinking by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 6 accounts on average 16 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 (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 12,304 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
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 12,304 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €30,000 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €15,245 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,315 | €21,850 | €22,077 | €21,964 | €22,117 | ▲ 0.7% |
| Other operating charges640/8 | - | €2,380 | €2,393 | €2,839 | €2,610 | ▼ 8.1% |
| Gross operating margin9900 | €28,764 | €16,632 | €15,375 | €13,793 | €12,876 | ▼ 6.6% |
| Operating profit (loss)9901 | -€660 | -€7,597 | -€9,095 | -€11,010 | -€11,850 | ▼ 7.6% |
| Financial charges65/66B | - | €4,307 | €4,786 | €5,599 | €4,576 | ▼ 18.3% |
| Recurring financial charges65 | €5,689 | €4,307 | €4,786 | €5,599 | €4,576 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | -€6,349 | -€11,904 | -€13,880 | -€16,609 | -€16,426 | ▲ 1.1% |
| Transfer from deferred taxes780 | - | €6,661 | €6,661 | €6,661 | €6,661 | = |
| Income taxes67/77 | €3,955 | €3,680 | €2,753 | €2,044 | €2,208 | ▲ 8.0% |
| Profit (loss) for the period9904 | -€3,643 | -€8,923 | -€9,972 | -€11,992 | -€11,973 | ▲ 0.2% |
| Transfer from tax-exempt reserves789 | - | €12,936 | €12,936 | €12,936 | €12,936 | = |
| Profit (loss) for the period to be appropriated9905 | -€3,643 | €4,012 | €2,964 | €943 | €963 | ▲ 2.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €525,929 | €505,250 | €477,654 | €449,771 | €365,622 | ▼ 18.7% |
| Fixed assets21/28 | €333,464 | €318,941 | €296,864 | €274,900 | €272,006 | ▼ 1.1% |
| Tangible fixed assets22/27 | €333,464 | €318,941 | €296,864 | €274,900 | €272,006 | ▼ 1.1% |
| Land and buildings22 | - | €316,582 | €295,158 | €273,847 | €270,125 | ▼ 1.4% |
| Plant, machinery and equipment23 | - | €500 | €400 | €300 | €200 | ▼ 33.3% |
| Furniture and vehicles24 | - | €1,859 | €1,306 | €753 | €1,681 | ▲ 123% |
| Current assets29/58 | €192,465 | €186,309 | €180,790 | €174,871 | €93,616 | ▼ 46.5% |
| Amounts receivable within one year40/41 | - | - | €1,247 | €2,203 | €1,339 | ▼ 39.2% |
| Trade receivables40 | - | - | - | - | €21 | - |
| Other amounts receivable41 | - | - | €1,247 | €2,203 | €1,318 | ▼ 40.2% |
| Cash at bank and in hand54/58 | €191,394 | €185,422 | €178,631 | €171,678 | €91,242 | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | €887 | €912 | €989 | €1,035 | ▲ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €525,929 | €505,250 | €477,654 | €449,771 | €365,622 | ▼ 18.7% |
| Equity10/15 | €338,265 | €329,342 | €319,370 | €307,378 | €295,405 | ▼ 3.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €319,665 | €310,742 | €300,770 | €288,778 | €276,805 | ▼ 4.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €99,361 | €86,426 | €73,490 | €60,554 | ▼ 17.6% |
| Distributable reserves133 | - | €209,521 | €212,485 | €215,288 | €216,251 | ▲ 0.4% |
| Provisions and deferred taxes16 | €57,821 | €51,160 | €44,498 | €37,837 | €31,176 | ▼ 17.6% |
| Deferred taxes168 | - | €51,160 | €44,498 | €37,837 | €31,176 | ▼ 17.6% |
| Amounts payable17/49 | €129,843 | €124,749 | €113,786 | €104,556 | €39,041 | ▼ 62.7% |
| Amounts payable after more than one year17 | €20,553 | €15,305 | €9,977 | €4,569 | - | - |
| Financial debts170/4 | - | €15,305 | €9,977 | €4,569 | - | - |
| Amounts payable within one year42/48 | €104,161 | €104,260 | €98,235 | €93,690 | €33,637 | ▼ 64.1% |
| Current portion of amounts payable after more than one year42 | - | €5,249 | €5,328 | €5,408 | €4,569 | ▼ 15.5% |
| Trade debts44 | €1,848 | - | €2,328 | - | - | - |
| Suppliers440/4 | - | - | €2,328 | - | - | - |
| Taxes, remuneration and social security45 | - | €3,622 | €1,803 | - | - | - |
| Taxes450/3 | - | €3,622 | €1,803 | - | - | - |
| Other amounts payable47/48 | - | €95,389 | €88,777 | €88,282 | €29,068 | ▼ 67.1% |
| Accrued charges and deferred income492/3 | - | €5,184 | €5,573 | €6,296 | €5,404 | ▼ 14.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,643 | -€8,923 | -€9,972 | -€11,992 | -€11,973 | ▲ 0.2% |
| + Depreciation and write-downs630 | €27,315 | €21,850 | €22,077 | €21,964 | €22,117 | ▲ 0.7% |
| Operating cash flow (approximation) | €23,673 | €12,926 | €12,105 | €9,972 | €10,144 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | -€7,327 | €0 | €0 | -€19,223 | - |
| Change in cash | - | -€5,972 | -€6,791 | -€6,952 | -€80,436 | ▼ 1,057% |
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
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24086A0220/00T006 | Flanders | 1,113 m² | 1 · 152 m² | 9.1 m · 2 fl. |
| 24086A0034/00B003 | Flanders | 1,002 m² | 1 · 160 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.