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FRENICO

Active Public limited companyfounded 2001active for 24 yearsBaarle-Frankrijkstraat 9, 9830 Sint-Martens-LatemKBO/BCE: BE 0476.448.855
FRENICO
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Overview

Lifetime

19 annual accounts with figures on one time axis, 24 filings since 2002
peak €209,019 (2010)
€79,303▼ 35.4%
lowest -€130,212 (2007)
€5,132▼ 83.0%
peak €1.6m (2025)
€1.6m▲ 0.3%
€300,520▼ 10.3%
peak 0 FTE (2017)
-not published
Board4 names since 2017
4 directorsCaroline Vande Maele and 3 others
Documentsfilings and deeds
27-01-20264 days before the deadline
2025abbreviated format
Gross margin from €122,681 to €79,303Result from €30,106 to €5,132Investments €84,800Cash from €99,395 to €22,822

Key points

from the 2025 annual accounts

Investments

€84,800 1.9 × depreciation
2022202320242025

Green is investment, beige is depreciation.

Liquidity

0.96 was 2.29 in 2024

Short-term debts fell from €49,652 to €46,936.

Filings

24 annual accounts since 2002
deadline20102020

The 2018 accounts came 18 days late. The other nine of the last ten were filed on time.

Checked score

94
Excellent
Financially stronger than 54% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024highest value 02-2025: < 0.1%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: 0.1%▲ +0.1 percentage points vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 83.8% of total assets
52-5short-term debt 2.5% · cash 1.2%
65-6return on assets 0.3%

Score breakdown

raises risk
Liquidity: current ratio 0.96, cash €22,822, halved
lowers risk
Size: total assets €1.9m
Equity €1.6m (83.8% of total assets)
Legal form: public limited company
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 44% on liquidity, 42% on profitability and 49% on growth.

The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as FRENICO has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of FRENICO itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 14,766 companies, not a prediction for FRENICO. 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

Credit of up to €140,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.96 (2.29 in 2024), below 1. Short-term debt is 2.5% and cash 1.2% of total assets. 16.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.96, cash €22,822, halved
NBB · annual accounts
lowers risk · Equity €1.6m (83.8% of total assets)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 days early
2024
1 day early
2023
on the day
2022
on the day
2021
on the day
2020
3 days early
2019
17 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 4 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CV
Charles Van de Velde
Chair
CV
Caroline Vande Maele
Managing director
FV
Frédérique Van de Velde
Director, since 24-11-2023
NV
Nicolas Van de Velde
Director
Board & ownership

Recent changes

2 directors appointed, 4 reappointments Reappointments: Caroline Vande Maele, Charles Van de Velde, Frédérique Van de Velde and Nicolas Van de Velde · Appointments: Charles Van de Velde (chair of the board) and Caroline Vande Maele (managing director) · General meeting of 31-12-2023 · Gazette deed
Capital increase of €256,250 to €361,250 Capital from €105,000 to €361,250, 82 new shares · Capital from €126,525 to €361,250 · Gazette deed
Appointment: Nicolas Van de Velde (director) General meeting of 30-12-2020 · Gazette deed
First establishment Baarle-Frankrijkstraat 9, Sint-Martens-Latem
All 38 events

Official details

Source: KBO
Status
Active since 28-12-2001Normal situation
Activity
“De aankoop,de verkoop,de verhuring,het beheer en de administratie van haar eigen onroerende goederen,alsook alle…” (deed in Dutch)From the articles, 9 activitiesNo NACE code in the KBO yet
Establishment unit
2.101.572.0099830 Sint-Martens-Latem, since 19-02-2002
Financial year end
30 June
Peppol
Reachable
Company details

Annual accounts to 30-06-2025

€79,303▼ 35.4%
≈ €220,000estimated
€5,132▼ 83.0%
€1.6m▲ 0.3%
€1.9m▼ 1.6%
Filing
Filed on 27-01-2026, 4 days before the end of the filing period
Financials

Insights on FRENICO

FRENICO files the abbreviated format. That format states no turnover. The gross margin fell from €82,803 in 2007 to €79,303 in 2025.

In April 2024, the Official Gazette published the appointment of Caroline Vande Maele as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 27-01-2026, 4 days before the deadline
€79,303
▼ 35.4%
€19,668
▼ 63.7%
€65,181
▼ 36.5%
€50,645
▼ 35.5%
83.8%
▲ 1.6 percentage points
0.96
▼ 1.33

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €220,000. Estimated: probably between €140,000 and €420,000.

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €1.9m on 30-06-2025
What the company ownsHow it is paid for

in €m

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 1.9m1.9m1.9m1.6m1.4m1.4m1.4m1.4m1.2m1.2m1.3m1.2m1.2m1.2m1.3m1.3m1.3m1.3m1.5m
20 ----000000000000000
21/28 1.8m1.8m1.8m1.2m1.3m1.3m1.4m1.3m949,184981,6281.2m939,287992,4451.1m1.2m1.2m1.3m1.3m1.3m
21 ----00004819621,4441,9250000000
22/27 1.8m1.8m1.8m1.2m1.3m1.3m1.4m1.3m948,658980,6211.2m937,318992,4011.1m1.2m1.2m1.3m1.3m1.3m
22 1.8m1.8m1.8m1.2m1.2m1.3m1.3m1.3m946,684974,9561.2m915,771962,0791.0m1.1m1.2m1.2m1.3m1.3m
23 1,5813,42412,4904,0536,2903,600001,2244,4217,6189,1606,0075,93411,91322,00631,358722700
24 ---20,06940,13860,20880,4062587511,24445812,38724,31536,33446,0605419030465
26 ----000000000000000
27 ----000000000000000
28 44444444444444444444444444444444444444
29/58 45,175113,80577,990346,95577,69485,85757,684124,029268,125192,170120,240288,988207,078145,963104,76797,21349,76419,862125,871
29 -----------00000000
290 ----000000000000000
291 ----000000000000000
3 ----000000000000000
30/36 ----000000000000000
37 ----000000000000000
40/41 13,4258,70636,19715,42219,05718,74331,31014,56624,58323,57716,52570,23758,17161,69216,89459,00024,24811,15219,261
40 -5,5965,59611,1935,59611,55212,09511,5525,95611,55211,55261,55256,30261,55211,55255,9565,9565,9565,956
41 13,4253,10930,6004,23013,4607,19019,2153,01418,62612,0254,9728,6841,8691395,3413,04418,2925,19613,305
50/53 ----2,8972,8972,89712,897222,897148,84980,741205,352129,74546,14480,5187,18502,38438,628
54/58 22,82299,39536,117322,85755,06363,54117,80095,88819,96918,59821,82812,46918,48537,4517,35530,77525,3756,32667,982
490/1 8,9285,7045,6778,6776776775,6776776771,1461,146930677677025314100
Balance sheet: equity and liabilities
10/49 1.9m1.9m1.9m1.6m1.4m1.4m1.4m1.4m1.2m1.2m1.3m1.2m1.2m1.2m1.3m1.3m1.3m1.3m1.5m
10/15 1.6m1.5m1.5m1.5m1.2m1.2m1.2m1.2m1.2m1.1m755,385785,777761,345726,810720,095721,051636,769645,260697,981
10/11 361,308361,308361,308361,308105,058105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000
10 361,250361,250361,250361,250---------------
100 361,250361,250361,250361,250105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000105,000
101 ----000000000000000
11 58585858585858585858585858585858585858
1100/10 58585858585858585858585858585858585858
1109/19 ----0--------------
12 ----000000000000000
13 1.2m1.2m1.2m1.2m1.1m1.1m1.1m1.1m1.1m1.0m774,895774,895774,8951.0m1.0m1.0m1.0m1.0m1.0m
130/1 36,12536,12536,12536,12510,500------00000000
130 36,12536,12536,12536,12510,50010,50010,50010,50010,50010,50010,43110,43110,43110,43110,43110,43110,43110,43110,431
1311 ----0--------------
1312 -----00000000000000
1313 ----0--------------
1319 ----000000000000000
132 764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464764,464
133 391,813386,681356,575372,646366,888360,294342,099345,774306,493244,416000239,476239,476239,476239,476239,476239,476
14 ----000000-124,569-94,177-118,609-392,619-399,334-398,378-482,660-474,169-421,448
15 ----000000000000000
19 -----------00000000
16 -----------00000000
160/5 ----000000000000000
160 ----00000----------
161 ----00000----------
162 ----00000----------
163 ----00000----------
164/5 ----00000----------
168 ----000000000000000
17/49 300,520334,994379,37758,703127,171187,473222,289204,86130,79449,360544,736442,498438,179495,564545,100570,727690,501686,102777,287
17 253,584285,342315,88713,38340,05088,938142,272120,050505,05025,05045,05065,05085,050105,050125,050145,050165,05050
170/4 253,534285,293315,83713,33340,00088,889142,222120,000-5,00025,00045,00065,00085,000105,000125,000145,000165,0000
175 ----000000000000000
176 ----000000000000000
178/9 50505050505050505050505050505050505050
42/48 46,93649,65263,49045,32087,12298,53480,01784,81130,74444,310519,687397,448370,571410,515440,051445,677545,451521,052777,237
42 29,15928,04442,71026,66748,88953,33353,33326,6675,00020,10720,00020,00020,00020,00020,00020,000135,000232,5000
43 ---------20-0000000475,000
430/8 ----000002000000000475,000
439 ----000000000000000
44 17,77715,81317,14912,35011,37312,13410,42114,1748,2018,6769,50212,7873,2046,0786,3259,4099,4266,95529,943
440/4 17,77715,81317,14912,35011,37312,13410,42114,1748,2018,6769,50212,7873,2046,0786,3259,4099,4266,95529,943
441 ----000000000000000
46 ----000000000000000
45 -5,5751,5654,7354,05010,4161,44329,8384,1872,8194,2745,6445,3314,1434,0226006166929,836
450/3 -5,5751,5654,7354,05010,41651228,9323,2842,8194,2745,6445,3314,1434,0226006166929,836
454/9 ----009319079030000000000
47/48 -2202,0661,56822,81022,65114,81914,13213,35612,687485,912359,017342,037380,294409,705415,669400,409280,906262,458
492/3 ----000000002,558000000
Income statement
70 -------000000000000
76A -35,000--007,00000322,87000004,7933,154000
9900 79,303122,68166,678116,52479,943106,53681,982154,035113,077122,433143,003154,283164,117138,294135,870209,019128,34282,57682,803
60/61 -------000000000000
62 ----000000000000000
630 45,51248,41462,44950,89950,84350,19549,56277,36632,44462,860131,67792,22091,47590,25893,83384,04387,45587,478179,409
631/4 ----000000000000000
635/8 ----000000000000000
640/8 14,12214,64415,58713,00211,68111,46712,39010,50510,35910,54611,42911,57010,34610,09915,2149,26911,5017,4676,907
649 ----000000000000000
66A -5,443--000000000000000
9901 19,66854,181-11,35852,62217,41944,87420,03066,16370,27449,027-10450,49362,29637,93726,823115,70729,387-12,369-103,514
75/76B 21-2076232302681465428361,1007934303223324541,098
75 21-2076232302681465428361,1007934303223324541,098
76B ----00000----------
65/66B 11,93313,1863,9281,0172,4782,8803,1282,5211,8052,83630,66826,72928,68331,92333,00234,90138,25340,90327,632
65 11,93313,1863,9281,0172,4782,8803,1282,5211,8052,83630,66826,72928,68331,92333,00234,90138,25340,90327,632
66B ----00000----------
9903 7,73840,997-15,28751,60714,94242,07017,13463,94468,537369,207-30,23024,60034,7136,808-95684,282-8,534-52,817-130,048
67/77 2,60610,89178520,2248,34723,87620,80924,6636,4601541621681789300-44-97165
9904 5,13230,106-16,07231,3836,59518,194-3,67539,28162,078369,053-30,39224,43234,5356,715-95684,282-8,491-52,721-130,212
789 ----000000000000000
689 ----000000000000000
9905 5,13230,106-16,07231,3836,59518,194-3,67539,28162,078369,053-30,39224,43234,5356,715-95684,282-8,491-52,721-130,212
Appropriation of the result
9906 5,13230,106-16,07231,3836,59518,194-3,67539,28162,078244,484-124,569-94,177-358,084-392,619-399,334-398,378-482,660-474,169-421,448
791/2 --16,072-003,67500000239,476000000
691/2 5,13230,106-31,3836,59518,194-39,28162,078244,484-00000000
691 ----000000000000000
6920 ---25,6250000069000000000
6921 5,13230,106-5,7586,59518,194039,28162,078244,416000000000
694/7 -----------00000000
694 ----000000000000000
695 ----000000000000000
696 ----00000----------
Social balance sheet
9087 -----00-0----------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 27-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 27-01-2026 2026-00014034 PDF
30-06-2024 abbreviated format 30-01-2025 2025-00015743 PDF
30-06-2023 abbreviated format 31-01-2024 2024-00015446 PDF
30-06-2022 abbreviated format 31-01-2023 2023-00011145 PDF
30-06-2021 abbreviated format 31-01-2022 2022-02900379 PDF
30-06-2020 abbreviated format 28-01-2021 2021-01800595 PDF
30-06-2019 abbreviated format 14-01-2020 2020-00900195 PDF
30-06-2018 abbreviated format 18-02-2019 2019-05100387 PDF
30-06-2017 abbreviated format 29-01-2018 2018-02400495 PDF
30-06-2016 abbreviated format 31-01-2017 2017-02600314 PDF
30-06-2015 abbreviated format 23-12-2015 2015-69900497 PDF
30-06-2014 abbreviated format 28-01-2015 2015-02500390 PDF
30-06-2013 abbreviated format 31-01-2014 2014-01900370 PDF
30-06-2012 abbreviated format 28-12-2012 2012-67600584 PDF
30-06-2011 abbreviated format 19-12-2011 2011-63700324 PDF
30-06-2010 abbreviated format 28-12-2010 2010-64400077 PDF
30-06-2009 abbreviated format 06-01-2010 2010-00300024 PDF
30-06-2008 abbreviated format 08-01-2009 2009-00400207 PDF
30-06-2007 abbreviated format 28-12-2007 2007-84900074 PDF
30-06-2006 abbreviated format 28-11-2006 2006-88301681 PDF
30-06-2005 abbreviated format 30-11-2005 2005-87400024 PDF
30-06-2004 abbreviated format 01-12-2004 2004-81500156 PDF
30-06-2003 abbreviated format 04-12-2003 2003-81300234 PDF
30-06-2002 abbreviated format 09-12-2002 2002-75300129 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
65,181102,59551,090103,52168,26295,06969,592143,529102,718111,887131,574142,712153,770128,195120,656199,750116,84175,10975,896
50,64578,52046,37782,28257,43868,38945,887116,64794,521431,913101,285116,652126,01096,97392,877168,32578,96434,75749,197
84,8003,765636,0168025,3005,400129,660434,81001,736372,27239,0617,5096,24159,6971,10253,46149,581473,764
-76,57363,278-286,740267,794-8,47845,741-78,08975,9201,371-3,2309,359-6,016-18,96630,096-23,4195,39919,049-61,656-
-1,76164,15314,500301,636-9,428-12,677-22,33339,217237,381147,860-399,447-108,461-163,493-264,552-335,284-348,464-495,687-501,190-651,366
83.8%82.2%80.0%96.3%90.7%86.9%84.6%85.7%97.5%95.8%58.1%64.0%63.5%59.5%56.9%55.8%48.0%48.5%47.3%
0.962.291.237.660.890.870.721.468.724.340.230.730.560.360.240.220.090.040.16
0.190.220.250.040.100.150.180.170.030.040.720.560.580.680.760.791.081.061.11
0.3%1.9%-1.1%2.0%0.5%1.5%-0.3%3.2%5.2%32.8%-4.0%3.1%4.5%0.9%-0.1%11.7%-1.3%-8.2%-18.7%
0.3%1.6%-0.8%2.0%0.5%1.3%-0.3%2.7%5.1%31.4%-2.3%2.0%2.9%0.5%-0.1%6.5%-0.6%-4.0%-8.8%
5.467.7813.01over 100---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item30-06-202530-06-202430-06-202330-06-2022
Debts secured on the company's own assets-€313,386€345,214-
Mortgages, amount registered-€313,386€345,214-
Carrying value of the mortgaged assets-€313,386€345,214-

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€84,800€3,765€636,016€802
€45,512€48,414€62,449€50,899

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on FRENICO

The operating result for 2025 is 64% lower than in 2024.

Debt's share of the balance-sheet total falls from 17.8% to 16.2%. Equity is higher and debt is lower.

Board & ownership

Board

4 directors, 1 in day-to-day management, last change in 2024
Charles Van de Velde
Chair of the board and director
chair of the board appointed by deed of 18-04-2024 director since 24-11-2023 term until 24-11-2029
listed in the 2025 annual accounts, filed on 27-01-2026
Caroline Vande Maele
Director and managing director
director since 24-11-2023 managing director appointed by deed of 18-04-2024 term until 24-11-2029
listed in the 2025 annual accounts, filed on 27-01-2026
Frédérique Van de Velde
Director
since 24-11-2023 term until 24-11-2029
listed in the 2025 annual accounts, filed on 27-01-2026
Nicolas Van de Velde
Director
current term since 24-11-2023 term until 24-11-2029
listed in the 2025 annual accounts, filed on 27-01-2026
Caroline Vande Maele
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij ondertekend worden door twee bestuurders, samen…”
deed of 24-06-2022

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
Caroline Vande Maele
Director, Managing director
Charles Van de Velde
Director, Chair of the board
Frédérique Van de Velde
Director
Nicolas Van de Velde
Director
LeadershipBoardRest of the term
Mandates as a list
  • Caroline Vande Maele
    • Director, from 24-11-2017 to date
    • Managing director, appointed by deed of 18-04-2024, still in office
  • Charles Van de Velde
    • Director, from 24-11-2017 to date
    • Chair of the board, appointed by deed of 18-04-2024, still in office
  • Frédérique Van de Velde
    • Director, from 24-11-2017 to date
  • Nicolas Van de Velde
    • Director, appointed by deed of 22-02-2021, still in office

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€361,250
Shares
482
Contribution per share
€749
Equity per share
€3,223 in 2025
Source
deed of 24-06-2022

Articles of association

deed of 24-06-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“6 jaar, minimum aantal door wet voorgeschreven”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of November at 19:00

Capital transactions

Capital over time
  1. 24-06-2022 Capital increase of €256,250 · to €361,250 · 82 new shares, 17% of the 482 shares after the increase · in cash
  2. 24-06-2022 Capital increase · to €361,250 · no new shares · from reserves

Network & group

No group

FRENICO has no parent and no holdings in its annual accounts.

At the same address

Baarle-Frankrijkstraat 9, 9830 Sint-Martens-Latem · 1 other company
Dr. Ch. Van de Velde Medische Beeldvorming
registered office since 24-04-2018 · founded in 2018
 total assets €1.4m (2025)
0695.422.001

Board mandates elsewhere

1 board mandate
Board mandates of FRENICOFRENICO sits on their board1
IATREION
Director
Founded in 2001 · 2.5 FTE (2025) · group Radiology Partners Europe

Connections & network

4 current directors
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

38 events since 2001

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 4 days before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 1 day before the deadline
2024
Back to profit net €30,106 The net result is €30,106, after one loss-making year.
2 directors appointed, 4 reappointmentsReappointments: Caroline Vande Maele, Charles Van de Velde, Frédérique Van de Velde and Nicolas Van de Velde · Appointments: Charles Van de Velde (chair of the board) and Caroline Vande Maele (managing director) · General meeting of 31-12-20237 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · on the deadline day
2023
Annual accounts 2022 filed PDFabbreviated format · on the deadline day
2022
Liquidity more than 8 times current ratio 7.66 The current ratio rises from 0.89 to 7.66. Short-term debt falls from €87,122 to €45,320.
Capital increase of €256,250 to €361,250Capital from €105,000 to €361,250, 82 new shares · Capital from €126,525 to €361,2503 points ▸
  • Capital increase, €256,250
  • Capital increase, €361,250
  • Capital, €361,250, 482 shares
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · on the deadline day
2021
Appointment: Nicolas Van de Velde (director)General meeting of 30-12-20202 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 3 days before the deadline
2020
Back to profit net €18,194 The net result is €18,194, after one loss-making year.
Annual accounts 2019 filed PDFabbreviated format · 17 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 18 days late
2018
Annual accounts 2017 filed PDFabbreviated format · 2 days before the deadline
2017
Liquidity doubles current ratio 8.72 The current ratio rises from 4.34 to 8.72. Short-term debt falls from €44,310 to €30,744.
Annual accounts 2016 filed PDFabbreviated format · on the deadline day
2016
Back to profit net €369,053 The net result is €369,053, after one loss-making year.
Liquidity more than 18 times current ratio 4.34 The current ratio rises from 0.23 to 4.34. Short-term debt falls from €519,687 to €44,310.
Equity above €1m equity €1.1m ▲48.9% Equity rises from €755,385 to €1.1m.
2015
Annual accounts 2015 filed PDFabbreviated format · 39 days before the deadline
Annual accounts 2014 filed PDFabbreviated format · 3 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2012
Annual accounts 2012 filed PDFabbreviated format · 34 days before the deadline
Back to profit net €6,715 The net result is €6,715, after one loss-making year.
2011
Annual accounts 2011 filed PDFabbreviated format · 43 days before the deadline
2010
Annual accounts 2010 filed PDFabbreviated format · 34 days before the deadline
Back to profit net €84,282 The net result is €84,282, after 3 loss-making years.
Annual accounts 2009 filed PDFabbreviated format · 25 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 23 days before the deadline
2007
Annual accounts 2007 filed PDFabbreviated format · 34 days before the deadline
2006
Annual accounts 2006 filed PDFabbreviated format · 64 days before the deadline
2005
Annual accounts 2005 filed PDFabbreviated format
2004
Annual accounts 2004 filed PDFabbreviated format
2003
Annual accounts 2003 filed PDFabbreviated format
2002
Annual accounts 2002 filed PDFabbreviated format
First establishment Baarle-Frankrijkstraat 9, Sint-Martens-Latem
2001
Incorporation published on 11-01-2002

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FRENICO was incorporated on 28 December 2001.1 In 2022 the capital was increased by €256,250 to €361,250.2 Total assets rose from €1.4m in 2019 to €1.9m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-06-2022
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0476.448.855
VAT number
BE 0476.448.855
Peppol ID
0208:0476448855
Legal form
Public limited company
Status
Active, normal situation
Founded
28-12-2001
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of November at 19:00
deed of 24-06-2022 (in Dutch)
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
FRENICO in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-06-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 24-06-2022 (in Dutch)

Activities

PurposeThe purpose describes the activities the company may carry out under its articles.
“De aankoop,de verkoop,de verhuring,het beheer en de administratie van haar eigen onroerende goederen,alsook alle activiteiten die…”
9 activities
  1. De aankoop,de verkoop,de verhuring,het beheer en de administratie van haar eigen onroerende goederen,alsook alle activiteiten die rechtstreeks of onrechtstreeks verband houden met dat doel,daarin begrepen de aankoop en verkoop van roerende waarden en goederen.
  2. Alle roerende,onroerende,burgerlijke,handels-,financiële,bank-,industriële en hypothecaire verrichtingen doen,die rechtstreeks of onrechtstreeks in verband staan met haar doel en die van aard zijn de verwezenlijking hiervan te vergemakkelijken,zoals bijvoorbeeld alle verrichtingen en studies die verband houden met goederen en/of rechten die onroerende zijn van nature,door inlijving of bestemming,evenals met de roerende goederen en/of rechten die eruit voortkomen,het uitbaten,het valoriseren,het verkavelen,het huren en verhuren,eveneens onder de vorm van leasing,het doen bouwen,verbouwen of restaureren van alle onroerende goederen,en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks voortvloeien uit het doel.
  3. Het verwerven en beheren van een roerend patrimonium met inbegrip van participaties in vennootschappen.
  4. Het optreden als bestuurder en/of vereffenaar in andere vennootschappen.Ingeval de vennootschap wordt benoemd tot bestuurder of vereffenaar zal zij steeds één of meer natuurlijke personen aanduiden welke haar zullen vertegenwoordigen.
  5. Het verwerven,beheren en in waarde stellen van brevetten,octrooien en andere intellectuele rechten.
  6. Het verlenen van dienstprestaties van economische aard,zowel in eigen beheer als in deelname met derden onder meer op het vlak van personeelsselectie,technoconsult,engineering,commercieel,financieel,fiscaal en juridisch advies.
  7. De aankoop,de verkoop,de verhuring en het beheer van alle roerende goederen,die rechtstreeks of onrechtstreeks verband houden met medische gezondheid artikelen met inbegrip van research en ontwikkeling van nieuwe toepassingen,al mede van alle activiteiten die hiermee nauw samenhangen.
  8. De vennootschap zal in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar maatschappelijk doel of welke van aard zijn het bereiken ervan geheel of ten dele te vergemakkelijken.
  9. Zij mag deelnemen bij wijze van inbreng,fusie,splitsing,inschrijving of andere tussenkomst aan alle bestaande of op te richten vennootschappen zo wel in België als in het buitenland en waarvan het doel gelijkaardig of verwant aan het hare.Deze opsomming is verklarend en niet beperkend en moet worden verstaan in de meest uitgebreide zin.
deed of 24-06-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Baarle-Frankrijkstraat 9 registered office 9830 Sint-Martens-Latem 64210 Activities of holding companies 19-02-2002 2.101.572.009

Buildings and parcels at the address

Ground area
2,902 m²
Buildings
167 m²
Volume, LiDAR
1,224 m³
Tallest building
11.6 m
Buildings to scale, each on its own parcel
167 m², 11.6 m 167 m², 11.6 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44064A0327/00H0002,902 m² 1 · 167 m² 11.6 m · 2

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