FREP IMMO
FREP IMMO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-6k) and a net result of €-6k. Equity is shrinking by ~23% per year across the filed fiscal years. Its solvency ranks better than 8% of 2004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
| Equity | €-6k |
| Net result | €-6k |
| Staff (FTE) | 5 |
| Better than sector | 8% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -3.5% | 42.8% | |
| Net result | €-6k | €40k | |
| Equity | €-6k | €442k | |
| Gross operating margin | €224k | €382k | |
| Staff costs | €228k | €586k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | -81.0% | - | - | -75.6% | - |
| Net profit | +48.9% | -113.6% | - | - | - |
| Cash flow | +78.2% | -437.0% | - | - | - |
| Staff costs | +32.2% | +39.4% | +69.4% | - | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | -41.3% | +59.6% | +161.8% | -59.4% | - |
| Equity | - | -63.2% | -22.8% | +3.3% | - |
| Debt | -37.8% | +73.3% | +257.7% | -69.1% | - |
| of which ≤ 1y | -37.8% | +73.3% | +257.7% | -69.1% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | -158.5% | -85.3% | -1361.1% | - | - |
| Employees (FTE) | +25.0% | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.74 | 0.94 | 0.94 | 0.99 | 1.06 |
| Quick ratio | 0.58 | 0.94 | 0.94 | 0.50 | 0.86 |
| Working capital ratio | -26.9% | -6.1% | -5.3% | -0.9% | 5.1% |
| Solvency | -3.5% | 2.3% | 10.1% | 34.2% | 13.4% |
| Debt / equity | -29.30 | 42.00 | 8.92 | 1.92 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -3.79 | -0.81 | 0.06 | -8.43 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -3.5% | -4.0% | -3.0% | 1.1% | -25.9% |
| ROE | 98.4% | -171.7% | -29.6% | 3.2% | -192.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €173k | €296k | €185k | €71k | €174k |
| Fixed assets | 21/28 | €41k | €25k | €28k | €25k | €15k |
| Tangible fixed assets | 22/27 | €40k | €25k | €28k | €25k | €14k |
| Financial fixed assets | 28 | €205 | €205 | €179 | €179 | €179 |
| Current assets | 29/58 | €133k | €271k | €157k | €46k | €160k |
| Stocks & contracts in progress | 3 | €29k | - | - | €23k | €30k |
| Amounts receivable within one year | 40/41 | €98k | €260k | €146k | €20k | €116k |
| Cash & bank | 54/58 | €5k | €5k | €11k | €3k | €14k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €173k | €296k | €185k | €71k | €174k |
| Equity | 10/15 | €-6k | €7k | €19k | €24k | €23k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €62 | €62 | €62 | €62 | €62 |
| Accumulated profits (losses) | 14 | €-68k | €-62k | €-50k | €-44k | €-45k |
| Amounts payable | 17/49 | €180k | €289k | €167k | €47k | €151k |
| Amounts payable within one year | 42/48 | €180k | €289k | €167k | €47k | €151k |
| Trade debts payable within one year | 44 | €146k | €75k | €105k | €19k | €136k |
| Income statement | ||||||
| Gross operating margin | 9900 | €224k | €172k | €125k | €76k | €52k |
| Operating result | 9901 | €-10k | €-8k | €-4k | €-5k | €-3k |
| Financial income | 75 | €0 | €0 | €2 | €825 | €565 |
| Financial charges | 65 | €2k | €4k | €1k | €429 | €2k |
| Result before taxes | 9903 | €-6k | €-12k | €-6k | €783 | €-5k |
| Income taxes | 67/77 | - | - | €18 | - | - |
| Net result for the period | 9904 | €-6k | €-12k | €-6k | €783 | €-5k |
| Result to be appropriated | 9905 | €-6k | €-12k | €-6k | €783 | €-5k |
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Public limited company(014) |
| Incorporation | 24-09-1993 |
| Status | Active |
| Postal code | 7000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53019E0460/00H000 | Wallonia | 6,291 m² | 1 · 1,149 m² | 8.4 m · 2 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-09-2002 Capital increase of €24,315.98 to €61,500
- €37.184,02 → €61.500
- Inbreng in geld · Apport en numéraire
Technical details
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}
],
"share_emission": {
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}
],
"notary": {
"name": "Fabrice Demeure de Lespaul",
"firm_city": null,
"firm_name": null,
"office_city": "Lespaul",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2002-09-17",
"filing_date": "2002-09-10",
"act_kind_objet": "Objet de l\u0027acte"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2002-09-09",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0450.944.288",
"name_full": "FREP IMMO",
"legal_form": "Soci\u00E9t\u00E9 anonyme",
"_kbo_filled_from_list": true,
"is_foreign_registered": false
},
"publication_proxy": {
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"org_kbo": null,
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},
"co_filed_documents": [
"PV. du 09 septembre 2002",
"attestation bancaire",
"liste des pr\u00E9sences",
"procuration",
"statuts coordonn\u00E9s"
],
"shareholders_after": [
{
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"kind": "person",
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{
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"share_classes_after": []
}| Legal nameFR | FREP IMMO |