FREMA
ActiveSummary
FREMA has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€58,064) and a net result of -€40,000. Equity is shrinking by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 1323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▲+1
Solvency9▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.94 in 2024; short-term debt: 116.4% and cash: 0.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-16.4%
Return on assets
-11.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€58,064
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
23 d late
2022
4 d early
2021
2 d early
2020
21 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€58,064▼ 221%
2024 · -€18,064
Total assets
€353,863▼ 0.9%
2024 · €357,209
Net result
-€40,000▲ 7.6%
2024 · -€43,283
Working capital
-€62,769▼ 194%
2024 · -€21,377
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line20212022202320242025
Operating result-€19,987▲ 8.5%€6,151-€40,223-€42,729▼ 6.2%-€39,975▲ 6.4%
Net result-€20,852below the sector's middle half▲ 9.1%€5,504within the sector's middle half-€40,553below the sector's middle half-€43,283below the sector's middle half▼ 6.7%-€40,000below the sector's middle half▲ 7.6%
Equity€60,267within the sector's middle half▼ 25.7%€65,771within the sector's middle half▲ 9.1%€25,219within the sector's middle half▼ 61.7%-€18,064below the sector's middle half-€58,064below the sector's middle half▼ 221%
Total assets€694,479within the sector's middle half▼ 5.1%€390,224within the sector's middle half▼ 43.8%€364,781within the sector's middle half▼ 6.5%€357,209within the sector's middle half▼ 2.1%€353,863within the sector's middle half▼ 0.9%
Debt€634,211▼ 2.5%€324,453▼ 48.8%€339,563▲ 4.7%€375,273▲ 10.5%€411,927▲ 9.8%
Working capital-€297,815below the sector's middle half▼ 7.0%€58,390above the sector's middle half€20,574within the sector's middle half▼ 64.8%-€21,377within the sector's middle half-€62,769within the sector's middle half▼ 194%
Solvency8.7%within the sector's middle half▼ 2.4pp16.9%within the sector's middle half▲ 8.2pp6.9%within the sector's middle half▼ 9.9pp-5.1%within the sector's middle half▼ 12.0pp-16.4%below the sector's middle half▼ 11.4pp
Current ratio0.03below the sector's middle half▼ 0.051.18within the sector's middle half▲ 1.151.06within the sector's middle half▼ 0.120.94within the sector's middle half▼ 0.120.85within the sector's middle half▼ 0.10
Return on assets (ROA)-3.0%within the sector's middle half▲ 0.1pp1.4%within the sector's middle half▲ 4.4pp-11.1%below the sector's middle half▼ 12.5pp-12.1%below the sector's middle half▼ 1.0pp-11.3%below the sector's middle half▲ 0.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, 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 stays negative: a loss of €39,975 in 2025 against €42,729 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353,863
Fixed assets
€4,705 ▲ 42.0%
Current assets
€349,158 ▼ 1.3%
Key figures and ratios
EBITDA
-€39,234▼
2024 · -€36,831
Cash flow
-€39,259▼
2024 · -€37,384
Debt to equity
-7.09▲
2024 · -20.77
Interest coverage
-1573.13▼
2024 · -65.04
Debt ≤ 1 year
€411,927▲
2024 · €375,273
Income taxes
€0=
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,662 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% | 1.7% |
| 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 6,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,239 | €8,676 | €5,898 | €5,898 | €742 | ▼ 87.4% |
| Other operating charges640/8 | €9,990 | €710 | €1,451 | €1,011 | €712 | ▼ 29.5% |
| Non-recurring operating charges66A | - | - | - | - | €441 | - |
| Gross operating margin9900 | -€759 | €15,537 | -€32,874 | -€35,820 | -€38,081 | ▼ 6.3% |
| Operating profit (loss)9901 | -€19,987 | €6,151 | -€40,223 | -€42,729 | -€39,975 | ▲ 6.4% |
| Financial income75/76B | €0 | - | €0 | €13 | €0 | ▼ 98.9% |
| Recurring financial income75 | €0 | - | €0 | €13 | €0 | ▼ 98.9% |
| Financial charges65/66B | €865 | €647 | €330 | €566 | €25 | ▼ 95.6% |
| Recurring financial charges65 | €865 | €647 | €330 | €566 | €25 | ▼ 95.6% |
| Profit (loss) for the period before taxes9903 | -€20,852 | €5,504 | -€40,553 | -€43,283 | -€40,000 | ▲ 7.6% |
| Income taxes67/77 | - | - | €0 | €0 | €0 | = |
| Profit (loss) for the period9904 | -€20,852 | €5,504 | -€40,553 | -€43,283 | -€40,000 | ▲ 7.6% |
| Profit (loss) for the period to be appropriated9905 | -€20,852 | €5,504 | -€40,553 | -€43,283 | -€40,000 | ▲ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €694,479 | €390,224 | €364,781 | €357,209 | €353,863 | ▼ 0.9% |
| Fixed assets21/28 | €685,357 | €15,109 | €9,211 | €3,313 | €4,705 | ▲ 42.0% |
| Tangible fixed assets22/27 | €684,157 | €13,909 | €8,011 | €2,113 | €3,505 | ▲ 65.9% |
| Plant, machinery and equipment23 | €3,697 | €3,169 | €2,641 | €2,113 | €3,505 | ▲ 65.9% |
| Furniture and vehicles24 | €2,778 | - | - | - | - | - |
| Leasing and similar rights25 | €16,111 | €10,740 | €5,370 | - | - | - |
| Other tangible fixed assets26 | €661,572 | - | - | - | - | - |
| Financial fixed assets28 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Current assets29/58 | €9,121 | €375,115 | €355,571 | €353,896 | €349,158 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €7,786 | €368,858 | €355,277 | €353,418 | €348,602 | ▼ 1.4% |
| Trade receivables40 | €5,058 | €2,064 | €441 | €441 | €1,448 | ▲ 228% |
| Other amounts receivable41 | €2,728 | €366,794 | €354,836 | €352,977 | €347,154 | ▼ 1.6% |
| Cash at bank and in hand54/58 | €719 | €6,256 | €294 | €479 | €556 | ▲ 16.1% |
| Deferred charges and accrued income490/1 | €616 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €694,479 | €390,224 | €364,781 | €357,209 | €353,863 | ▼ 0.9% |
| Equity10/15 | €60,267 | €65,771 | €25,219 | -€18,064 | -€58,064 | ▼ 221% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €54,070 | €59,574 | €19,021 | - | - | - |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €52,211 | €57,715 | €19,021 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | -€24,262 | -€64,262 | ▼ 165% |
| Amounts payable17/49 | €634,211 | €324,453 | €339,563 | €375,273 | €411,927 | ▲ 9.8% |
| Amounts payable after more than one year17 | €327,275 | €7,729 | €4,566 | - | - | - |
| Financial debts170/4 | €327,275 | €7,729 | €4,566 | - | - | - |
| Amounts payable within one year42/48 | €306,936 | €316,724 | €334,997 | €375,273 | €411,927 | ▲ 9.8% |
| Current portion of amounts payable after more than one year42 | €6,131 | €3,051 | €3,163 | €4,566 | - | - |
| Financial debts43 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Other loans439 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Trade debts44 | €275 | €326 | €398 | €749 | €173 | ▼ 76.9% |
| Suppliers440/4 | €275 | €326 | €398 | €749 | €173 | ▼ 76.9% |
| Advances received on contracts in progress46 | - | - | - | - | €1,752 | - |
| Taxes, remuneration and social security45 | - | €253 | - | - | - | - |
| Taxes450/3 | - | €253 | - | - | - | - |
| Other amounts payable47/48 | €285,529 | €298,094 | €316,436 | €354,959 | €395,002 | ▲ 11.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,852 | €5,504 | -€40,553 | -€43,283 | -€40,000 | ▲ 7.6% |
| + Depreciation and write-downs630 | €9,239 | €8,676 | €5,898 | €5,898 | €742 | ▼ 87.4% |
| Operating cash flow (approximation) | -€11,614 | €14,180 | -€34,654 | -€37,384 | -€39,259 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | €661,572 | €0 | €0 | -€2,134 | - |
| Change in cash | - | €5,538 | -€5,963 | €185 | €77 | ▼ 58.4% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€43,283
Net result drops to -€43,283, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5,504
Net result €5,504 after 4 loss-making years.
31-12
Financial
Liquidity times 40current ratio 1.18
Current ratio from 0.03 to 1.18.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 21 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Hove · 1 establishment unit since 1984
Ground area
287 m²
Building footprint
115 m²
Volume, LiDAR
635 m³
Parcel 11021B0020/00N002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jozef Mattheessensstraat 57, 2540 Hove
since 19842.025.660.304
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0020/00N002 | Flanders | 287 m² | 1 · 115 m² | 8.1 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.
Similar companies · same sector, comparable size
JULIAN ANCIAUX IMMOBILIER
BE 0803.748.235
Walcourt · Eq €24,880
Farkas Unlimited Company
BE 0804.337.460
Brussel · Eq €25,762
La Maison de la Rose des Vents
BE 0877.377.965
Orp-Jauche · Eq €24,656
Rode Wouw
BE 0804.292.128
Kluisbergen · Eq €24,597
VERMAGA
BE 0816.725.449
Verviers · Eq €24,566
Of 3,007 companies in sector 55203 we hold annual accounts for 694. 448 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
Founded14-02-1984
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
49410Freight transport by road
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426546909
Also
9925:BE0426546909
Registered
26-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.