FREPINELJO
ActiveFREPINELJO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-93k) and a net result of €-128k. Equity is shrinking by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 672 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▼-2
Solvency23▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.48 against 2.96 in 2023; short-term debt: 1.8% and cash: 2.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 · 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 2024Solvency, return and age of the figures
Solvency
-2.1%
Return on assets
-2.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-93k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
41 d early
2022
32 d early
2021
48 d early
2020
24 d late
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-93k
2023 · €35k
2018: €63k
2019: €165k
2020: €162k
2021: €127k
2022: €99k
2023: €35k
2018 → 2024
Total assets
€4.44M▼ 5.3%
2023 · €4.69M
2018: €2.28M
2019: €2.36M
2020: €4.27M
2021: €4.88M
2022: €4.82M
2023: €4.69M
2018 → 2024
Net result
€-128k▼ 101%
2023 · €-64k
2018: €10k
2019: €102k
2020: €-3k
2021: €-36k
2022: €-28k
2023: €-64k
2018 → 2024
Working capital
€38k▼ 80.9%
2023 · €201k
2018: €31k
2019: €87k
2020: €-112k
2021: €69k
2022: €115k
2023: €201k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€162k-€127k▼ 22.1%€99k▼ 21.8%€35k▼ 64.5%€-93k
Operating result€21k-€-13k€-6k▲ 50.4%€-44k▼ 588%€-111k▼ 150%
Net result€-3k-€-36k▼ 1,277%€-28k▲ 23.0%€-64k▼ 131%€-128k▼ 101%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €111k in 2024 against €44k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.44M
Fixed assets
€4.32M▼ 1.5%
Current assets
€118k▼ 61.2%
Key figures and ratios
EBITDA
€145k▼
2023 · €210k
Cash flow
€128k▼
2023 · €191k
Solvency
-2.1%▼
2023 · 0.8%
Current ratio
1.48▼
2023 · 2.96
Quick ratio
1.35▼
2023 · 2.92
Debt / equity
-48.42
ROA
-2.9%▼
2023 · -1.4%
Interest coverage
7.86▼
2023 · 10.26
Debt
€4.52M▼
2023 · €4.64M
Debt ≤ 1 year
€79k▼
2023 · €102k
Debt > 1 year
€4.43M▼
2023 · €4.53M
Staff costs
€122k▲
2023 · €92k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.69M€4.44M▼
Fixed assets21/28€4.38M€4.32M▼
Tangible fixed assets22/27€4.38M€4.32M▼
Land and buildings22€4.36M€4.31M▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€13k€5k▼
Current assets29/58€303k€118k▼
Stocks and contracts in progress3€4k€11k▲
Stocks30/36€4k€11k▲
Amounts receivable within one year40/41€21k€6k▼
Trade receivables40€9k€4k▼
Other amounts receivable41€12k€2k▼
Cash at bank and in hand54/58€75k€101k▲
Deferred charges and accrued income490/1€203k-
Equity and liabilities
Total equity and liabilities10/49€4.69M€4.44M▼
Equity10/15€35k€-93k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€66k€62k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€59k€55k▼
Profit (loss) carried forward14€-92k€-217k▼
Provisions and deferred taxes16€15k€14k▼
Deferred taxes168€15k€14k▼
Amounts payable17/49€4.64M€4.52M▼
Amounts payable after more than one year17€4.53M€4.43M▼
Financial debts170/4€977k€902k▼
Other amounts payable178/9€3.56M€3.53M▼
Amounts payable within one year42/48€102k€79k▼
Current portion of amounts payable after more than one year42€102k€75k▼
Trade debts44€687€2k▲
Suppliers440/4€687€2k▲
Taxes, remuneration and social security45-€3k
Remuneration and social security454/9-€3k
Accrued charges and deferred income492/3-€5k
Income statement
Code20232024
Remuneration, social security and pensions62€92k€122k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€254k€256k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€304k€268k▼
Operating profit (loss)9901€-44k€-111k▼
Financial charges65/66B€20k€18k▼
Recurring financial charges65€20k€18k▼
Profit (loss) for the period before taxes9903€-65k€-129k▼
Transfer from deferred taxes780€1k€1k=
Profit (loss) for the period9904€-64k€-128k▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-60k€-124k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-92k€-217k▼
Profit (loss) brought forward from the previous period14P€-33k€-92k▼
Social balance
Average headcount (FTE)9087-110,848.3
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-128k
Net result drops to €-128k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 1.65
Current ratio from 0.46 to 1.65; short-term debt falls from €205k to €107k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Highest result since 2018net €102k ▲938%
Operating result €139k, net result €102k, both a record.
31-12
Financial
Equity above €150kEq €165k ▲161%
2 profitable years in a row build equity to €165k.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 36 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2014
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-07-2014
Gelens Nelly: Resigned as Director
15-07-2014
Robert Fréderique: Resigned as Director
15-07-2014
Robert Jozef: Resigned as Director
15-07-2014
Robert Pieter: Resigned as Director
Location & real-estate footprint
Registered office, Mol · 2 establishment units since 1991
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.
Volmolenheide 422400 MolGround area
2,056 m²
Building footprint
500 m²
Volume, LiDAR
3,919 m³
2 parcels, Flanders · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Volmolenheide 42, 2400 Mol
since 19912.051.715.591
HOTEL FLORA
since 20202.309.684.123
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13433E1031/00F009 | Flanders | 1,769 m² | 1 · 257 m² | 7.6 m · 2 fl. |
| 11803C2366/00_000 | Flanders | 287 m² | 1 · 243 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.309.684.123
Similar companies · same sector, comparable size
Otel
BE 0781.658.266
Bredene · Eq €35k
ENETEN
BE 0599.926.192
Raeren · Eq €36k
ORANJE CITY
BE 0757.675.215
Diest · Eq €36k
Jones
BE 0789.488.344
Halle · Eq €34k
PULSE INVEST
BE 0500.733.202
Meise · Eq €36k
Of 2,395 companies in sector 55100 we hold annual accounts for 1,516. 816 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1991
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.