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FREMA

Active
Public limited companyfounded 201312 yrs activeHutstraat 18, 1910 Kampenhout, BelgiumKBO/BCE: BE 0540.911.095
Summary

FREMA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.2m and a net result of -€174,893. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability21▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 5.36 against 6.9 in 2023; short-term debt: 18.7% and cash: 0.3% of total assets), and 18.7% of the assets are financed with debt.
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Signals

Six 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 · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 12 years 0 20 y
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 2024
Solvency, return and age of the figures
Solvency
81.3%
Return on assets
-6.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€174,893
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
on the day
2023
50 d early
2022
32 d early
2021
12 d early
2020
26 d early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 20 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)
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 17 October 2013, FREMA was incorporated.1 Total assets went from EUR 2.3 million in 2018 to EUR 2.7 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€2.2m▼ 7.4%
2023 · €2.4m
Total assets
€2.7m▼ 2.7%
2023 · €2.8m
Net result
-€174,893▼ 38.0%
2023 · -€126,704
Working capital
€2.2m▼ 7.4%
2023 · €2.4m
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
Line20202021202220232024
Operating result-€33,187▲ 9.6%-€14,264▲ 57.0%-€17,292▼ 21.2%-€149,414▼ 764%-€174,000▼ 16.5%
Net result-€34,344-€14,649▲ 57.3%-€18,474▼ 26.1%-€126,704▼ 586%-€174,893▼ 38.0%
Equity€2.5m▲ 22.7%€2.5m▼ 0.6%€2.5m▼ 0.7%€2.4m▼ 5.1%€2.2m▼ 7.4%
Total assets€3.3m▲ 16.7%€2.8m▼ 15.6%€2.7m▼ 0.9%€2.8m▲ 0.3%€2.7m▼ 2.7%
Debt€767,462▲ 0.7%€270,542▼ 64.7%€263,219▼ 2.7%€398,677▲ 51.5%€499,880▲ 25.4%
Working capital€2.5m▲ 11.8%€2.5m▼ 0.6%€2.5m▼ 0.7%€2.4m▼ 5.1%€2.2m▼ 7.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€150,000-€100,000-€50,000€0Operating result 2020: -€33,187-€33,187Net result 2020: -€34,344-€34,344Operating result 2021: -€14,264-€14,264Net result 2021: -€14,649-€14,649Operating result 2022: -€17,292-€17,292Net result 2022: -€18,474-€18,474Operating result 2023: -€149,414-€149,414Net result 2023: -€126,704-€126,704Operating result 2024: -€174,000-€174,000Net result 2024: -€174,893-€174,89320202021202220232024-€200,000-€150,000-€100,000-€50,000€0Operating result 2022: -€17,292-€17,300Net result 2022: -€18,474-€18,500Operating result 2023: -€149,414-€149,000Net result 2023: -€126,704-€127,000Operating result 2024: -€174,000-€174,000Net result 2024: -€174,893-€175,000202220232024
The operating result stays negative: a loss of €174,000 in 2024 against €149,414 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2.7m
Equity €2.2m ▼ 7.4%
Debt €499,880 ▲ 25.4%
Debt's share of the balance-sheet total rises from 14.5% to 18.7%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
5.36▼
2023 · 6.90
Debt to equity
0.23▲
2023 · 0.17
ROE
-8.0%▼
2023 · -5.4%
ROA
-6.5%▼
2023 · -4.6%
Debt ≤ 1 year
€499,880▲
2023 · €398,677
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
0.5% went bankrupt
5.5% stopped otherwise
94% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% 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%.

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% 1.6%
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 2,685 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 · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.8m€2.7m▼
Current assets29/58€2.8m€2.7m▼
Amounts receivable within one year40/41€7,194-
Other amounts receivable41€7,194-
Current investments50/53€2.7m€2.7m=
Cash at bank and in hand54/58€73,387€6,891▼
Equity and liabilities
Total equity and liabilities10/49€2.8m€2.7m▼
Equity10/15€2.4m€2.2m▼
Contributions10/11€2.4m€2.4m=
Capital10€2.4m€2.4m=
Issued capital100€2.4m€2.4m=
Reserves13€128,284€128,284=
Non-distributable reserves130/1€128,284€128,284=
Legal reserve130€128,284€128,284=
Profit (loss) carried forward14-€194,170-€369,064▼
Amounts payable17/49€398,677€499,880▲
Amounts payable within one year42/48€398,677€499,880▲
Trade debts44€37,691€39,318▲
Suppliers440/4€37,691€39,318▲
Other amounts payable47/48€360,986€460,562▲
Income statement Code20232024
Other operating charges640/8€1,024€1,031▲
Gross operating margin9900-€148,390-€172,969▼
Operating profit (loss)9901-€149,414-€174,000▼
Financial income75/76B€23,980-
Recurring financial income75€23,980-
Financial charges65/66B€1,270€893▼
Recurring financial charges65€1,270€893▼
Profit (loss) for the period before taxes9903-€126,704-€174,893▼
Profit (loss) for the period9904-€126,704-€174,893▼
Profit (loss) for the period to be appropriated9905-€126,704-€174,893▼
Appropriation of the result
Profit (loss) to be appropriated9906-€194,170-€369,064▼
Profit (loss) brought forward from the previous period14P-€67,466-€194,170▼
Line20202021202220232024Change
Other operating charges640/8-€1,170€1,220€1,024€1,031▲ 0.7%
Gross operating margin9900-€23,214-€13,093-€16,072-€148,390-€172,969▼ 16.6%
Operating profit (loss)9901-€33,187-€14,264-€17,292-€149,414-€174,000▼ 16.5%
Financial income75/76B---€23,980--
Recurring financial income75---€23,980--
Financial charges65/66B-€385€1,181€1,270€893▼ 29.7%
Recurring financial charges65€2,140€385€1,181€1,270€893▼ 29.7%
Profit (loss) for the period before taxes9903-€35,327-€14,649-€18,474-€126,704-€174,893▼ 38.0%
Income taxes67/77-€983-----
Profit (loss) for the period9904-€34,344-€14,649-€18,474-€126,704-€174,893▼ 38.0%
Profit (loss) for the period to be appropriated9905-€34,344-€14,649-€18,474-€126,704-€174,893▼ 38.0%
Line20202021202220232024Change
Assets
Total assets20/58€3.3m€2.8m€2.7m€2.8m€2.7m▼ 2.7%
Current assets29/58€3.3m€2.8m€2.7m€2.8m€2.7m▼ 2.7%
Amounts receivable within one year40/41€9,822€9,822-€7,194--
Other amounts receivable41-€9,822-€7,194--
Current investments50/53€2.7m€2.7m€2.7m€2.7m€2.7m=
Cash at bank and in hand54/58€599,371€87,802€71,828€73,387€6,891▼ 90.6%
Equity and liabilities
Total equity and liabilities10/49€3.3m€2.8m€2.7m€2.8m€2.7m▼ 2.7%
Equity10/15€2.5m€2.5m€2.5m€2.4m€2.2m▼ 7.4%
Contributions10/11€2.4m€2.4m€2.4m€2.4m€2.4m=
Capital10-€2.4m€2.4m€2.4m€2.4m=
Issued capital100-€2.4m€2.4m€2.4m€2.4m=
Reserves13€128,284€128,284€128,284€128,284€128,284=
Non-distributable reserves130/1-€128,284€128,284€128,284€128,284=
Legal reserve130-€128,284€128,284€128,284€128,284=
Profit (loss) carried forward14-€34,344-€48,992-€67,466-€194,170-€369,064▼ 90.1%
Amounts payable17/49€767,462€270,542€263,219€398,677€499,880▲ 25.4%
Amounts payable within one year42/48€767,462€270,542€263,068€398,677€499,880▲ 25.4%
Trade debts44€7,212€8,462-€37,691€39,318▲ 4.3%
Suppliers440/4-€8,462-€37,691€39,318▲ 4.3%
Other amounts payable47/48-€262,080€263,068€360,986€460,562▲ 27.6%
Accrued charges and deferred income492/3--€151---
Line20202021202220232024Change
Profit (loss) for the period9904-€34,344-€14,649-€18,474-€126,704-€174,893▼ 38.0%
Operating cash flow (approximation)-€34,344-€14,649-€18,474-€126,704-€174,893▼ 38.0%
Change in cash--€511,569-€15,974€1,559-€66,496▼ 4,365%

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

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Timeline · acts, filings and financial milestones

2025
31-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€174,893
Net result drops to -€174,893, the lowest in the series.
11-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Liquidity doublescurrent ratio 10.24
Current ratio from 4.28 to 10.24; short-term debt falls from €767,462 to €270,542.
05-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
13-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
26-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
7 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, Kampenhout
exact location from the address register On OpenStreetMap
Ground area
3,216 m²
Building footprint
423 m²
Volume, LiDAR
3,996 m³
Parcel 23038A0370/00D000, Flanders · tallest building 19.5 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23038A0370/00D000 Flanders 3,216 m² 1 · 423 m² 19.5 m · 3 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.

Recognitions · licences · registrations

Legal Entity Identifier

875500392LNUGO55XQ15
no longer live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded17-10-2013
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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