FreLu
ActiveSummary
FreLu has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,885 and a net result of €76,877. Its solvency ranks better than 36% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-02-2024 Normal situation
- Activity
- Real estate agency activities NACE 68310and 2 others
- Establishment unit
- 2.355.854.440 2980 Zoersel, since 06-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 01-04-2025
Board and ownership
- DE WITTE Ludovic Maria Luk Olivier1,000 sharesdeed of 08-02-2024
- VAN DEN LANGENBERGH Frederik1,000 sharesdeed of 08-02-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €81,623
- ▲ 184%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €76,877
- ▲ 207%
- Equity
- €13,885
- ▲ 98.1%
- Total assets
- €102,244
- ▲ 110%
Score breakdownraises riskFounded in 2024Equity €13,885 (13.6% of total assets)lowers riskLiquidity: current ratio 1.12, cash €93,641Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 34% of them on solvency, 60% on liquidity, 95% on profitability and 91% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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
The company filed its last 2 accounts on average 13 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 192% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,321 | €2,649 |
| Intangible fixed assets | €1,168 | - |
| Depreciation and write-downs of the year | €1,199 | €1,052 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,199 | €1,052 | ▼ 12.2% |
| Other operating charges640/8 | - | €120 | - |
| Gross operating margin9900 | €28,789 | €81,623 | ▲ 184% |
| Operating profit (loss)9901 | €27,590 | €80,451 | ▲ 192% |
| Financial income75/76B | €9 | €61 | ▲ 541% |
| Recurring financial income75 | €9 | €61 | ▲ 541% |
| Financial charges65/66B | €92 | €72 | ▼ 21.5% |
| Recurring financial charges65 | €92 | €72 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | €27,508 | €80,439 | ▲ 192% |
| Income taxes67/77 | €2,500 | €3,562 | ▲ 42.5% |
| Profit (loss) for the period9904 | €25,008 | €76,877 | ▲ 207% |
| Profit (loss) for the period to be appropriated9905 | €25,008 | €76,877 | ▲ 207% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €48,781 | €102,244 | ▲ 110% |
| Fixed assets21/28 | €1,291 | €2,888 | ▲ 124% |
| Tangible fixed assets22/27 | €1,291 | €2,888 | ▲ 124% |
| Plant, machinery and equipment23 | €1,291 | €850 | ▼ 34.1% |
| Furniture and vehicles24 | - | €2,038 | - |
| Current assets29/58 | €47,490 | €99,356 | ▲ 109% |
| Amounts receivable within one year40/41 | €11,091 | €5,274 | ▼ 52.5% |
| Trade receivables40 | €8,785 | €5,274 | ▼ 40.0% |
| Other amounts receivable41 | €2,307 | - | - |
| Cash at bank and in hand54/58 | €36,399 | €93,641 | ▲ 157% |
| Deferred charges and accrued income490/1 | - | €441 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €48,781 | €102,244 | ▲ 110% |
| Equity10/15 | €7,008 | €13,885 | ▲ 98.1% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €5,008 | €11,885 | ▲ 137% |
| Distributable reserves133 | €5,008 | €11,885 | ▲ 137% |
| Amounts payable17/49 | €41,773 | €88,359 | ▲ 112% |
| Amounts payable within one year42/48 | €41,773 | €88,359 | ▲ 112% |
| Trade debts44 | €17,818 | €8,067 | ▼ 54.7% |
| Suppliers440/4 | €17,818 | €8,067 | ▼ 54.7% |
| Taxes, remuneration and social security45 | €3,415 | €8,943 | ▲ 162% |
| Taxes450/3 | €3,415 | €8,943 | ▲ 162% |
| Other amounts payable47/48 | €20,541 | €71,349 | ▲ 247% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €25,008 | €76,877 | ▲ 207% |
| + Depreciation and write-downs630 | €1,199 | €1,052 | ▼ 12.2% |
| Operating cash flow (approximation) | €26,206 | €77,929 | ▲ 197% |
| Investment in fixed assets (approximation) | - | -€2,649 | - |
| Change in cash | - | €57,242 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as FreLu has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FreLu itself is lower: 0.2% within 12 months. It rests on far more data about FreLu 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.
| 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 7,976 companies, not a prediction for FreLu. 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.
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
- DE WITTE Ludovic Maria Luk Olivier 1,000 shares (50%) · €1,000
- VAN DEN LANGENBERGH Frederik 1,000 shares (50%) · €1,000
Capital transactions
- 08-02-2024 Incorporation · €2,000 · 2,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| FrePam |
|
| SaLu |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 08-02-2024 (in Dutch)
Network & group
FreLu shares no director with another company.
Companies at the same address
4 other companies- SaLu Registered office · since 01-07-2021Founded in 2021 0770.626.101
- HV MANAGEMENT Registered office · since 17-03-2020Founded in 2020 · total assets €126,289 (2025) 0745.482.414
- H.V. TEGELS Registered office · since 28-08-2017Founded in 2017 · total assets €137,334 (2024) · accounts filed late 0680.498.451
- AXELERO Establishment · since 25-08-2009Founded in 2009 · total assets €2.3m (2025) 0818.208.856
Connections & network
2 current directorsThe network starts from the directors of FreLu. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
08-02
Gazette deed
IncorporationFounding capital of €2,000, 2,000 shares · Founders: DE WITTE Ludovic Maria Luk Olivier and VAN DEN LANGENBERGH Frederik · Appointments: FREPAM (director) and SALU (director)11 points ▸
- Incorporation, 05-02-2024
- Founder, DE WITTE Ludovic Maria Luk Olivier
- Founder, VAN DEN LANGENBERGH Frederik
- 2,000 shares
- Founding capital, €2,000, 2,000 shares
- Registered office clause, Handelslei 76, 2980 Zoersel
- Board rule, 2
- Director appointment, FREPAM (director (not named in the articles))
- Director appointment, SALU (director (not named in the articles))
- Permanent representative, VAN DEN LANGENBERGH Frederik
- Permanent representative, DE WITTE Ludovic Maria Luk Olivier
- The deed holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
19 activities
- De activiteiten van vastgoedmakelaar, in het bijzonder de bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed, projectontwikkeling, consultancy in de bouwsector en beheer eigen onroerend goed.
- De uitbating van een onderneming van onroerende goederen, meer bepaald het beheren, uitbaten, valoriseren, verkavelen, ordenen, huren en verhuren, het doen en zelf bouwen of verbouwen, promotie in onroerende goederen, evenals welk danige onroerende verhandelingen in de meest brede zin, met inbegrip van de onroerende leasing, renting en het toestaan van leningen.
- Door makelarij en agentuur de bemiddeling te verzorgen tussen verkopende en kopende partijen van onroerende goederen en investeringsgoederen en van handelsgoederen op nationaal vlak en internationaal vlak, door makelarij de bemiddeling te verzorgen tussen verhurende en hurende partijen van onroerende goederen.
- Expertises en waardebepalingen, verkoops- en huurwaarde voor aankoop, verkoop, (gerechts)expertise, inbreng in vennootschappen, bij leningen, verzekeringen en inspecties, de plaatsbeschrijving voor en na huur of werken, schaderamingen en schattingen.
- Het beheer van residentieel en niet-residentieel onroerend goed: alle onroerende en roerende goederen, materieel en inrichtingen mogen aankopen, in pacht nemen, huren, bouwen, verkopen of ruilen.
- De vennootschap mag tevens als algemene bouwonderneming de bedrijvigheden coördineren die betrekking hebben op de gehele of gedeeltelijke voltooiingswerken door onderaannemers.
- Het oprichten van nieuwbouw.
- Het beheer van een patrimonium, samengesteld uit onroerende en roerende goederen, het valoriseren en in stand houden van dit patrimonium vooral door beheersdaden.
- De vennootschap mag onder meer onroerende goederen verwerven, laten bouwen, laten opschikken, laten uitrusten, ombouwen, met het oog op de wederbelegging en de opbrengst.
- De vennootschap mag beschikbare middelen beleggen in roerende en onroerende goederen en waarden.
- Te dien einde zullen ook dienstverlenende opdrachten vanwege deze partijen en derden aanvaard worden zoals: het verstrekken van advies op administratief, boekhoudkundig en commercieel vlak, het vervullen van beheersmandaten en intern-management, het uitvoeren van expertises en marktonderzoek, het verlenen van technische begeleiding bij aanbestedingen van zowel bouwwerken als internationale gouvernementele vraag naar verbruiksgoederen, de promotie van projectontwikkeling inzake onroerende goederen en investeringsgoederen, het waarnemen van vertegenwoordigende public relation.
- Groothandel, kleinhandel, transithandel, tussenhandel, agentuur van meubels, textielwaren, voorwerpen voor binnenhuisinrichting of dienstig voor het verfraaien van woningen of tuinen, elektronische en elektrische apparaten en in het algemeen van alle soorten gebruiksgoederen bestemd voor privaat gebruik, evenals van alle handelsgoederen waarvoor geen specifieke vergunning nodig is.
- Het verwerken, bewerken, plaatsen en herstellen van bovenvermelde goederen.
- De vennootschap mag zich ook toeleggen op alle administratieve, industriële, commerciële, financiële, roerende of onroerende verrichtingen die van aard zijn de verwezenlijking van haar voorwerp te bevorderen.
- Zij mag alle roerende en onroerende goederen verwerven zelfs als deze noch rechtstreeks, noch onrechtstreeks verband houden met het voorwerp van de vennootschap.
- Optreden als bestuurder, commissaris of vereffenaar in andere vennootschappen, zij kan zich tevens borg stellen voor derden, zowel aandeelhouders, bestuurders als louter derden, evenals het aval verlenen alsook hun leningen, voorschotten en kredieten toestaan, haar onroerende goederen in hypotheek stellen, en al haar andere goederen, met inbegrip van het handelsfonds, in pand stellen met respect voor de wettelijke beperkingen.
- De vennootschap mag bij wijze van inbreng, opslorping, fusie, inschrijving, geldschieting of op om het even welke manieren belangen nemen in alle verenigingen, zaken, ondernemingen of vennootschappen die eenzelfde, gelijkaardig of aanverwant voorwerp nastreven of die de ontwikkeling van haar onderneming kunnen bevorderen of de afzet van haar producten of diensten kunnen vergemakkelijken en ze kan ermee samenwerken of fusioneren.
- Zij kan deelnemen of zich op andere wijze interesseren in allerhande vennootschappen, ondernemingen, groeperingen of organisaties.
- In algemene regel mag de vennootschap alle financiële, burgerrechtelijke, roerende en onroerende, commerciële en industriële verrichtingen doen, welke in verband staan met haar voorwerp of welke eenvoudig van aard zijn om de verwezenlijking ervan te bevorderen en dit zowel in binnen- als buitenland.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11453I0180/00Y006 | Flanders | 863 m² | 1 · 123 m² | 14.9 m · 3 |