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FREMAR

Active
Public limited companyfounded 198739 yrs activeBinsterweg 119, 4700 Eupen, BelgiumKBO/BCE: BE 0430.715.434
Summary

FREMAR has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €182,817 and a net result of -€151,342. Equity is shrinking by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-18
Solvency62
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.25 against 1.8 in 2023; short-term debt: 62.6% and cash: 0% of total assets), and 62.6% 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
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 · 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 39 years 0 40 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
37.4%
Return on assets
-31%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2026, 386 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
386 d late
2023
757 d late
2022
30 d late
2021
31 d late
2020
30 d late
2017
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 210 days after 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

FREMAR was incorporated on 31 March 1987.1 Total assets fell from EUR 600,492 in 2020 to EUR 488,178 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€182,817▼ 45.7%
2022 · €336,759
Total assets
€488,178▼ 20.3%
2023 · €612,423
Net result
-€151,342▼ 5,723%
2023 · -€2,599
Working capital
€75,080▼ 66.1%
2023 · €221,338
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-€21,101--€19,993▲ 5.3%-€2,208▲ 89.0%-€6,283▼ 185%-€37,884▼ 503%
Net result-€8,260--€6,684▲ 19.1%€8,719-€2,599-€151,342▼ 5,723%
Equity€334,724-€328,039▼ 2.0%€336,759▲ 2.7%€182,817
Total assets€600,492-€593,808▼ 1.1%€602,639▲ 1.5%€612,423▲ 1.6%€488,178▼ 20.3%
Debt€265,768-€265,768=€265,880=€278,263▲ 4.7%€305,361▲ 9.7%
Working capital€198,920-€212,229▲ 6.7%€223,156▲ 5.1%€221,338▼ 0.8%€75,080▼ 66.1%
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: -€21,101-€21,101Net result 2020: -€8,260-€8,260Operating result 2021: -€19,993-€19,993Net result 2021: -€6,684-€6,684Operating result 2022: -€2,208-€2,208Net result 2022: €8,719€8,719Operating result 2023: -€6,283-€6,283Net result 2023: -€2,599-€2,599Operating result 2024: -€37,884-€37,884Net result 2024: -€151,342-€151,34220202021202220232024-€200,000-€150,000-€100,000-€50,000€0Operating result 2022: -€2,208-€2,210Net result 2022: €8,719€8,720Operating result 2023: -€6,283-€6,280Net result 2023: -€2,599-€2,600Operating result 2024: -€37,884-€37,900Net result 2024: -€151,342-€151,000202220232024
The operating result stays negative: a loss of €37,884 in 2024 against €6,283 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
Assets €488,178
Fixed assets €107,737 ▼ 4.7%
Current assets €380,441 ▼ 23.8%
Equity and liabilities €488,178
Equity €182,817
Debt €305,361
Debt finances 62.6% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€32,624▼
2023 · -€5,565
Cash flow
-€146,083▼
2023 · -€1,881
Current ratio
1.25▼
2023 · 1.80
Debt to equity
1.67
ROE
-82.8%
ROA
-31.0%▼
2023 · -0.4%
Interest coverage
-0.32▲
2023 · -8.96
Debt ≤ 1 year
€305,361▲
2023 · €278,088
Income taxes
€27,569▲
2023 · €6,622
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.1% went bankrupt
8.7% stopped otherwise
90% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

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 926 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 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€612,423€488,178▼
Fixed assets21/28€112,997€107,737▼
Tangible fixed assets22/27€112,997€107,737▼
Land and buildings22€90,289€89,571▼
Other tangible fixed assets26€22,708€18,167▼
Current assets29/58€499,426€380,441▼
Amounts receivable within one year40/41€499,310€380,441▼
Trade receivables40€29,779€0▼
Other amounts receivable41€469,531€380,441▼
Cash at bank and in hand54/58€116€0▼
Equity and liabilities
Total equity and liabilities10/49€612,423€488,178▼
Equity10/15-€182,817
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€198,669€198,669=
Non-distributable reserves130/1€65,072€65,072=
Legal reserve130€65,072€65,072=
Distributable reserves133€133,597€133,596=
Profit (loss) carried forward14€73,491-€77,851▼
Amounts payable17/49€278,263€305,361▲
Amounts payable within one year42/48€278,088€305,361▲
Taxes, remuneration and social security45-€23,028
Taxes450/3-€23,028
Other amounts payable47/48€278,088€282,332▲
Accrued charges and deferred income492/3€175€0▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€718€5,260▲
Other operating charges640/8-€30,012
Gross operating margin9900-€5,565-€2,612▲
Operating profit (loss)9901-€6,283-€37,884▼
Financial income75/76B€10,927€14,706▲
Recurring financial income75€10,927€14,531▲
Non-recurring financial income76B-€176
Financial charges65/66B€621€100,596▲
Recurring financial charges65€621€100,596▲
Profit (loss) for the period before taxes9903€4,023-€123,774▼
Income taxes67/77€6,622€27,569▲
Profit (loss) for the period9904-€2,599-€151,342▼
Profit (loss) for the period to be appropriated9905-€2,599-€151,342▼
Appropriation of the result
Profit (loss) to be appropriated9906€73,491-€77,851▼
Profit (loss) brought forward from the previous period14P€76,090€73,491▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,565€19,993€2,096€718€5,260▲ 633%
Other operating charges640/8----€30,012-
Gross operating margin9900-€536--€112-€5,565-€2,612▲ 53.1%
Operating profit (loss)9901-€21,101-€19,993-€2,208-€6,283-€37,884▼ 503%
Financial income75/76B-€13,371€10,927€10,927€14,706▲ 34.6%
Recurring financial income75€12,856€13,371€10,927€10,927€14,531▲ 33.0%
Non-recurring financial income76B----€176-
Financial charges65/66B-€62-€621€100,596▲ 16,099%
Recurring financial charges65€15€62-€621€100,596▲ 16,099%
Profit (loss) for the period before taxes9903-€8,260-€6,684€8,719€4,023-€123,774▼ 3,177%
Income taxes67/77---€6,622€27,569▲ 316%
Profit (loss) for the period9904-€8,260-€6,684€8,719-€2,599-€151,342▼ 5,723%
Profit (loss) for the period to be appropriated9905-€8,260-€6,684€8,719-€2,599-€151,342▼ 5,723%
Line20202021202220232024Change
Assets
Total assets20/58€600,492€593,808€602,639€612,423€488,178▼ 20.3%
Fixed assets21/28€135,804€115,811€113,715€112,997€107,737▼ 4.7%
Tangible fixed assets22/27€135,804€115,811€113,715€112,997€107,737▼ 4.7%
Land and buildings22-€91,725€91,007€90,289€89,571▼ 0.8%
Furniture and vehicles24-€1,378----
Other tangible fixed assets26-€22,708€22,708€22,708€18,167▼ 20.0%
Current assets29/58€464,688€477,997€488,924€499,426€380,441▼ 23.8%
Amounts receivable within one year40/41€464,086€477,456€488,383€499,310€380,441▼ 23.8%
Trade receivables40-€29,779€29,779€29,779€0▼ 100%
Other amounts receivable41-€447,677€458,604€469,531€380,441▼ 19.0%
Cash at bank and in hand54/58€602€541€541€116€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€600,492€593,808€602,639€612,423€488,178▼ 20.3%
Equity10/15€334,724€328,039€336,759-€182,817-
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€198,669€198,669€198,669€198,669€198,669=
Non-distributable reserves130/1-€65,072€65,072€65,072€65,072=
Legal reserve130-€65,072€65,072€65,072€65,072=
Distributable reserves133-€133,596€133,596€133,597€133,596=
Profit (loss) carried forward14€74,055€67,371€76,090€73,491-€77,851▼ 206%
Amounts payable17/49€265,768€265,768€265,880€278,263€305,361▲ 9.7%
Amounts payable within one year42/48€265,768€265,768€265,768€278,088€305,361▲ 9.8%
Taxes, remuneration and social security45-€15,768€15,768-€23,028-
Taxes450/3-€15,768€15,768-€23,028-
Other amounts payable47/48-€250,000€250,000€278,088€282,332▲ 1.5%
Accrued charges and deferred income492/3--€112€175€0▼ 100%
Line20202021202220232024Change
Profit (loss) for the period9904-€8,260-€6,684€8,719-€2,599-€151,342▼ 5,723%
+ Depreciation and write-downs630€20,565€19,993€2,096€718€5,260▲ 633%
Operating cash flow (approximation)€12,305€13,309€10,815-€1,881-€146,083▼ 7,666%
Investment in fixed assets (approximation)-€0€0-€0€0▲ 150%
Change in cash--€62€0-€425-€116▲ 72.7%

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

2026
27-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 757 days late
21-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 386 days late
21-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 386 days late
2024
31-12
Financial Weakest financial yearnet -€151,342
Net result drops to -€151,342, the lowest in the series.
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial Back to profitnet €8,719
Net result €8,719 after 2 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
23-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
28-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Eupen · 1 establishment unit since 1987
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Binsterweg 1194700 Eupen
Ground area
5,764 m²
Parcel 21819B0187/00Y002, Brussels. Linked by address, not a title deed.
1 establishment unit
Vilvoordsesteenweg 146, 1120 Brussel
Air transport
since 19872.031.602.939
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21819B0187/00Y002 Brussels 5,764 m² - -
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.

Identification & contact

Identification
Legal formPublic limited company
Founded31-03-1987
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.