FREMO
ActiveThe annual accounts of FREMO for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. 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 7931 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-3
Solvency29▼-13
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.77 against 0.75 in 2024; short-term debt: 67.5% and cash: 7.9% of total assets), 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
13 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. 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 7931 sector peers (2025).
NBB · sector comparisonPosition among 7931 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 close17-09-2026 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 has the lowest result in the available series.
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%. Equity is lower and debt is higher.
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 1,075 companies in sector 46140 we hold annual accounts for 644. 439 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 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.