FREMO
ActiveFREMO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-123k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 13% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency9▼-8
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.75 in 2024), and 96.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
3.8%
Return on assets
-11.6%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021232425
2018 to 2025 · latest year -€123k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7921 sector peers (2025).
NBB · sector comparisonPosition among 7921 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 08-05-2026, 38 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
38 d late
2024
on the day
2023
2 d late
2021
30 d late
2020
31 d late
2019
15 d late
2018
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close15-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€41k▼ 75.1%
2024 · €164k
2018: €134k
2019: €92k
2020: €84k
2021: €172k
2023: €253k
2024: €164k
2018 → 2025
Total assets
€1.07M▲ 8.8%
2024 · €981k
2018: €1.79M
2019: €2.39M
2020: €2.28M
2021: €1.29M
2023: €1.35M
2024: €981k
2018 → 2025
Net result
€-123k▼ 39.0%
2024 · €-89k
2018: €18k
2019: €-42k
2020: €-8k
2021: €133k
2023: €81k
2024: €-89k
2018 → 2025
Working capital
€-167k▼ 7.2%
2024 · €-156k
2018: €172k
2019: €343k
2020: €182k
2021: €-106k
2023: €2k
2024: €-156k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€84k-€172k▲ 105%€253k▲ 47.1%€164k▼ 35.1%€41k▼ 75.1%
Operating result€-42k-€231k€131k▼ 43.5%€-85k€-109k▼ 28.3%
Net result€-8k-€133k€81k▼ 39.2%€-89k€-123k▼ 39.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €109k in 2025 against €85k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€514k▲ 0.9%
Current assets
€554k▲ 17.2%
Equity and liabilities €1.07M
Equity
€41k▼ 75.1%
Provisions
€65k=
Debt
€962k▲ 27.8%
The debt ratio rises from 76.7% to 90.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-35k▼
2024 · €-20k
Cash flow
€-50k▼
2024 · €-24k
Solvency
3.8%▼
2024 · 16.7%
Current ratio
0.77▲
2024 · 0.75
Quick ratio
0.76▲
2024 · 0.75
Debt / equity
23.52▲
2024 · 4.58
ROE
-301.6%▼
2024 · -54.0%
ROA
-11.6%▼
2024 · -9.0%
Interest coverage
-12.93▼
2024 · -3.42
Debt
€962k▲
2024 · €752k
Debt ≤ 1 year
€721k▲
2024 · €628k
Income taxes
€29k▲
2024 · €358
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€981k€1.07M▲
Fixed assets21/28€509k€514k▲
Tangible fixed assets22/27€509k€514k▲
Land and buildings22€309k€299k▼
Plant, machinery and equipment23€167k€163k▼
Furniture and vehicles24€33k€51k▲
Current assets29/58€472k€554k▲
Amounts receivable after more than one year29€109k€99k▼
Other amounts receivable291€109k€99k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€158k€313k▲
Trade receivables40€93k€207k▲
Other amounts receivable41€64k€107k▲
Cash at bank and in hand54/58€197k€85k▼
Deferred charges and accrued income490/1€6k€54k▲
Equity and liabilities
Total equity and liabilities10/49€981k€1.07M▲
Equity10/15€164k€41k▼
Contributions10/11€134k€134k=
Capital10€134k€134k=
Issued capital100€134k€134k=
Reserves13€119k€119k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€105k€105k=
Profit (loss) carried forward14€-89k€-212k▼
Provisions and deferred taxes16€65k€65k=
Provisions for liabilities and charges160/5€65k€65k=
Pensions and similar obligations160€65k€65k=
Amounts payable17/49€752k€962k▲
Amounts payable within one year42/48€628k€721k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€70k€150k▲
Suppliers440/4€70k€150k▲
Taxes, remuneration and social security45€377€342▼
Taxes450/3€377€342▼
Other amounts payable47/48€557k€571k▲
Accrued charges and deferred income492/3€124k€241k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€74k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€-15k€-31k▼
Operating profit (loss)9901€-85k€-109k▼
Financial income75/76B€2k€17k▲
Recurring financial income75€2k€17k▲
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€-88k€-95k▼
Income taxes67/77€358€29k▲
Profit (loss) for the period9904€-89k€-123k▼
Profit (loss) for the period to be appropriated9905€-89k€-123k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-89k€-212k▼
Profit (loss) brought forward from the previous period14P-€-89k
Transfer to equity691/2€0-
To the legal reserve6920€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 38 days late
2025
31-08
Financial
Weakest financial yearnet €-123k
Net result drops to €-123k, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-08
Financial
Equity above €200kEq €253k ▲47.1%
2 profitable years in a row build equity to €253k.
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-09
Financial
Back to profitnet €133k
Net result €133k after 2 loss-making years.
30-09
Financial
Equity above €150kEq €172k ▲105%
Equity rises from €84k to €172k.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 15 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
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.
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, Koksijde
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.
C. Schoolmeesterslaan(Kok) 518670 KoksijdeGround area
1,162 m²
Building footprint
291 m²
Volume, LiDAR
1,919 m³
Parcel 38014E0793/00D000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014E0793/00D000 | Flanders | 1,162 m² | 1 · 291 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,070 companies in sector 46140 we hold annual accounts for 640. 435 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-08-1999
Fiscal year end31-08
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.