Equity
€40,880 from €252,852 in 2023
Equity fell by 84% in 2 years.
FREMO
Lifetime
18 annual accounts with figures on one time axis, 24 filings since 2000peak €302,634 (2019)
-€30,505▼ €15,345
lowest -€144,479 (2008)
-€123,290▼ €34,608
peak €252,852 (2023)
€40,880▼ 75.1%
€961,637▲ 27.8%
peak 0 FTE (2023)
-not published
Board4 names since 2017
2 directors and 1 other
Owners
Documentsfilings and deeds
08-05-202638 days late
2025abbreviated format
Gross margin from -€15,160 to -€30,505Loss of €123,290Equity from €164,170 to €40,880Debts from €752,425 to €961,637Cash from €196,929 to €84,778
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Key points
from the 2025 annual accountsLosses
-€211,972 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€961,637 90% of the balance sheet
Suppliers 16%Taxes and wages 0%Other 84%
Of this, €720,637 falls due within a year.
2025 accounts filed 38 days after the deadlineTurnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 175 companies had the same profile as FREMO has now. Each dot is one company, two years later.
85.1%
were still trading
8.6%
stopped another way
5.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 175 companies, not a prediction for FREMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
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Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0466653835
1 director appointed, 2 reappointments
Reappointments: (director) and (director) · Appointment: (managing director) · “De handel (groot- en klein) in grondstoffen,kunststoffen,recuperatieproducten zoals onder meer…” (deed in Dutch) · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Resignation: · Reappointment: (chair of the board and managing director) · Appointment: · General meeting of 28-05-2021 · Gazette deed
Merger: FREMO takes over CORT NEWS
Registered office moved to Koksijde · New registered office: C.Schoolmeesterslaan 51, 8670 Koksijde · Resignation: FREMO (manager) · General meeting of 24-05-2017 · Gazette deed
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Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FREMO Koksijde | €1.1m | -€30,505 | 3.8% | - |
| SKY EUROPE Herzele | €0.9m | -€5,826 | 70.3% | - |
| VAN DER EECKEN EUROPE Aalter | €0.9m | -€22,446 | 32.3% | - |
| AIRCRAFT TRADERS BELGIUM Ans | €0.7m | -€7,042 | 16.3% | - |
| DE MOERVAART Lochristi | €1.7m | €240 | 32.2% | - |
| SOCIETE DE TRADING MARCHES EXTERIEURS Wavre | €1.3m | €1,970 | 1.7% | - |
| DEBAFIN Pajottegem | €1.8m | -€49,791 | 97.8% | - |
These companies have the same main activity as FREMO: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €687,000 and €1.8m, founded between 1994 and 2006.
Official details
Source: KBO- Status
- Active since 05-08-1999Normal situation
- Activity
- Agents in the wholesale of industrial machinery, ships and aircraftNACE 46140and 1 other
- Financial year end
- 31 August
- Peppol
- Reachable since 23-12-2025
Insights on FREMO
FREMO files the abbreviated format. That format states no turnover. The gross margin fell from €7,251 in 2006 to -€30,505 in 2025.
In October 2022, the Official Gazette published the appointment of as managing director.
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Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FREMO
- What is the company number of FREMO?
- The company number of FREMO is 0466.653.835. The VAT number is the same number with BE in front: BE 0466.653.835.
- Where is FREMO based?
- The registered office is at C. Schoolmeesterslaan 51, 8670 Koksijde.Company details
- What does FREMO do?
- According to the KBO register, the main activity is agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140).
- What is the legal form of FREMO?
- FREMO is a public limited company (NV).
- When was FREMO founded?
- FREMO was founded on 05-08-1999.
- Is FREMO still active?
- Yes, FREMO is an active enterprise in the KBO register.
- What is the turnover of FREMO?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is FREMO profitable?
- In financial year 2025, FREMO made a loss of €123,290.
- Where can I find the annual accounts of FREMO?
- FREMO filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FREMO due?
- FREMO must file the annual accounts for financial year 2026 by 31-03-2027.Timeline
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