FREPO PROJECTS
ActiveSummary
FREPO PROJECTS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-225k) and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-29
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 1.39 in 2024; short-term debt: 52.6% and cash: 6.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
-46.6%
Return on assets
-6.8%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-225k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 9 filingsDeviation from the deadline
2025
19 d late
2024
56 d early
2023
14 d early
2022
on the day
2021
31 d early
2020
10 d late
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-225k▼ 17.0%
2024 · €-193k
2019: €24k
2020: €26k▲ +7.8% vs 2019
2021: €32k▲ +24.0% vs 2020
2022: €33k▲ +3.4% vs 2021highest in 7 years
2023: €-200k▼ -700% vs 2022
2024: €-193k▲ +3.7% vs 2023
2025: €-225k▼ -17.0% vs 2024lowest in 7 years
2019 → 2025
Total assets
€483k▼ 25.4%
2024 · €648k
2019: €245k
2020: €226k▼ -7.7% vs 2019lowest in 7 years
2021: €251k▲ +11.1% vs 2020
2022: €256k▲ +1.9% vs 2021
2023: €769k▲ +200% vs 2022highest in 7 years
2024: €648k▼ -15.7% vs 2023
2025: €483k▼ -25.4% vs 2024
2019 → 2025
Net result
€-33k
2024 · €7k
2019: €-4k
2020: €2k▲ +150% vs 2019
2021: €6k▲ +232% vs 2020
2022: €1k▼ -82.5% vs 2021
2023: €-233k▼ -21412% vs 2022lowest in 7 years
2024: €7k▲ +103% vs 2023highest in 7 years
2025: €-33k▼ -541% vs 2024
2019 → 2025
Working capital
€-151k
2024 · €71k
2019: €14k
2020: €16k▲ +12.9% vs 2019
2021: €30k▲ +89.5% vs 2020
2022: €24k▼ -19.8% vs 2021
2023: €132k▲ +448% vs 2022highest in 7 years
2024: €71k▼ -46.3% vs 2023
2025: €-151k▼ -314% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€33k▲ 3.4%€-200k€-193k▲ 3.7%€-225k▼ 17.0%
2021: €32k
2022: €33k▲ +3.4% vs 2021highest in 5 years
2023: €-200k▼ -700% vs 2022
2024: €-193k▲ +3.7% vs 2023
2025: €-225k▼ -17.0% vs 2024lowest in 5 years
Operating result€22k-€9k▼ 60.9%€-204k€25k€-18k
2021: €22k
2022: €9k▼ -60.9% vs 2021
2023: €-204k▼ -2495% vs 2022lowest in 5 years
2024: €25k▲ +112% vs 2023highest in 5 years
2025: €-18k▼ -171% vs 2024
Net result€6k-€1k▼ 82.5%€-233k€7k€-33k
2021: €6k
2022: €1k▼ -82.5% vs 2021
2023: €-233k▼ -21412% vs 2022lowest in 5 years
2024: €7k▲ +103% vs 2023highest in 5 years
2025: €-33k▼ -541% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €25k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €483k
Fixed assets
€380k ▼ 3.8%
Current assets
€103k ▼ 59.3%
Key figures and ratios
EBITDA
€-3k▼
2024 · €40k
Cash flow
€-18k▼
2024 · €22k
Solvency
-46.6%▼
2024 · -29.7%
Current ratio
0.40▼
2024 · 1.39
Quick ratio
0.15▼
2024 · 0.99
Debt to equity
-3.14▲
2024 · -4.36
ROA
-6.8%▼
2024 · 1.1%
Interest coverage
-0.23▼
2024 · 2.32
Debt
€709k▼
2024 · €841k
Debt ≤ 1 year
€254k▲
2024 · €182k
Debt > 1 year
€454k▼
2024 · €473k
Income taxes
€619▲
2024 · €606
Staff costs
€47k▼
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€648k€483k▼
Fixed assets21/28€395k€380k▼
Tangible fixed assets22/27€393k€378k▼
Land and buildings22€391k€377k▼
Plant, machinery and equipment23€2k€863▼
Furniture and vehicles24€0€0=
Other tangible fixed assets26€0€0=
Financial fixed assets28€2k€2k=
Current assets29/58€253k€103k▼
Stocks and contracts in progress3€73k€64k▼
Stocks30/36€73k€64k▼
Amounts receivable within one year40/41€70k€7k▼
Trade receivables40€70k€7k▼
Cash at bank and in hand54/58€109k€32k▼
Deferred charges and accrued income490/1€1k€465▼
Equity and liabilities
Total equity and liabilities10/49€648k€483k▼
Equity10/15€-193k€-225k▼
Contributions10/11€19k€19k=
Reserves13€945€945=
Distributable reserves133€945€945=
Profit (loss) carried forward14€-212k€-245k▼
Amounts payable17/49€841k€709k▼
Amounts payable after more than one year17€473k€454k▼
Financial debts170/4€473k€454k▼
Amounts payable within one year42/48€182k€254k▲
Current portion of amounts payable after more than one year42€18k€19k▲
Financial debts43-€50k
Credit institutions430/8-€50k
Trade debts44€38k€48k▲
Suppliers440/4€38k€48k▲
Taxes, remuneration and social security45€19k€21k▲
Taxes450/3€16k€18k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€107k€117k▲
Accrued charges and deferred income492/3€186k-
Income statement
Code20242025
Remuneration, social security and pensions62€51k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€6k€5k▼
Gross operating margin9900€97k€49k▼
Operating profit (loss)9901€25k€-18k▼
Financial income75/76B€77€172▲
Recurring financial income75€77€172▲
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€8k€-32k▼
Income taxes67/77€606€619▲
Profit (loss) for the period9904€7k€-33k▼
Profit (loss) for the period to be appropriated9905€7k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-212k€-245k▼
Profit (loss) brought forward from the previous period14P€-220k€-212k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €8k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €44k | €90k | €51k | €47k | ▼ 6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €81k | €15k | €15k | ▼ 1.4% |
| Other operating charges640/8 | - | €18k | €24k | €6k | €5k | ▼ 10.3% |
| Gross operating margin9900 | €90k | €71k | €-8k | €97k | €49k | ▼ 49.3% |
| Operating profit (loss)9901 | €22k | €9k | €-204k | €25k | €-18k | ▼ 171% |
| Financial income75/76B | - | €253 | €126 | €77 | €172 | ▲ 124% |
| Recurring financial income75 | €1 | €253 | €126 | €77 | €172 | ▲ 124% |
| Financial charges65/66B | - | €5k | €29k | €17k | €14k | ▼ 18.4% |
| Recurring financial charges65 | €4k | €5k | €29k | €17k | €14k | ▼ 18.4% |
| Profit (loss) for the period before taxes9903 | €17k | €4k | €-232k | €8k | €-32k | ▼ 500% |
| Income taxes67/77 | €11k | €3k | €1k | €606 | €619 | ▲ 2.2% |
| Profit (loss) for the period9904 | €6k | €1k | €-233k | €7k | €-33k | ▼ 541% |
| Profit (loss) for the period to be appropriated9905 | €6k | €1k | €-233k | €7k | €-33k | ▼ 541% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251k | €256k | €769k | €648k | €483k | ▼ 25.4% |
| Fixed assets21/28 | €10k | €9k | €408k | €395k | €380k | ▼ 3.8% |
| Tangible fixed assets22/27 | €3k | €2k | €408k | €393k | €378k | ▼ 3.8% |
| Land and buildings22 | - | - | €405k | €391k | €377k | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €2k | €4k | €2k | €863 | ▼ 58.6% |
| Furniture and vehicles24 | - | - | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | - | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | €8k | €8k | €250 | €2k | €2k | = |
| Current assets29/58 | €241k | €247k | €361k | €253k | €103k | ▼ 59.3% |
| Stocks and contracts in progress3 | €199k | €229k | €69k | €73k | €64k | ▼ 12.1% |
| Stocks30/36 | - | €229k | €69k | €73k | €64k | ▼ 12.1% |
| Amounts receivable within one year40/41 | €8k | - | €38k | €70k | €7k | ▼ 90.2% |
| Trade receivables40 | - | - | €38k | €70k | €7k | ▼ 90.2% |
| Cash at bank and in hand54/58 | €31k | €17k | €250k | €109k | €32k | ▼ 70.9% |
| Deferred charges and accrued income490/1 | - | €300 | €4k | €1k | €465 | ▼ 67.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251k | €256k | €769k | €648k | €483k | ▼ 25.4% |
| Equity10/15 | €32k | €33k | €-200k | €-193k | €-225k | ▼ 17.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €945 | €945 | €945 | €945 | €945 | = |
| Non-distributable reserves130/1 | - | €945 | - | - | - | - |
| Reserves not available under the articles1311 | - | €945 | - | - | - | - |
| Distributable reserves133 | - | - | €945 | €945 | €945 | = |
| Profit (loss) carried forward14 | €13k | €14k | €-220k | €-212k | €-245k | ▼ 15.5% |
| Provisions and deferred taxes16 | €8k | - | - | - | - | - |
| Amounts payable17/49 | €211k | €223k | €969k | €841k | €709k | ▼ 15.7% |
| Amounts payable after more than one year17 | - | - | €493k | €473k | €454k | ▼ 4.0% |
| Financial debts170/4 | - | - | €493k | €473k | €454k | ▼ 4.0% |
| Amounts payable within one year42/48 | €211k | €223k | €229k | €182k | €254k | ▲ 39.8% |
| Current portion of amounts payable after more than one year42 | - | - | €16k | €18k | €19k | ▲ 2.5% |
| Financial debts43 | - | €75k | €25k | - | €50k | - |
| Credit institutions430/8 | - | €75k | €25k | - | €50k | - |
| Trade debts44 | €56k | €71k | €82k | €38k | €48k | ▲ 26.1% |
| Suppliers440/4 | - | €71k | €82k | €38k | €48k | ▲ 26.1% |
| Taxes, remuneration and social security45 | - | €27k | €14k | €19k | €21k | ▲ 12.0% |
| Taxes450/3 | - | €25k | €14k | €16k | €18k | ▲ 14.0% |
| Remuneration and social security454/9 | - | €2k | - | €3k | €3k | ▲ 2.5% |
| Other amounts payable47/48 | - | €50k | €92k | €107k | €117k | ▲ 9.2% |
| Accrued charges and deferred income492/3 | - | - | €248k | €186k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €1k | €-233k | €7k | €-33k | ▼ 541% |
| + Depreciation and write-downs630 | €1k | €1k | €81k | €15k | €15k | ▼ 1.4% |
| Operating cash flow (approximation) | €7k | €2k | €-152k | €22k | €-18k | ▼ 180% |
| Investment in fixed assets (approximation) | - | €0 | €-480k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-13k | €232k | €-141k | €-77k | ▲ 45.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-233k
Net result drops to €-233k, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Antwerpen · 1 establishment unit since 2012
Ground area
869 m²
Building footprint
125 m²
Volume, LiDAR
672 m³
Parcel 11813N0855/00N000, Flanders · tallest building 17.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Halewijnlaan 80, 2050 Antwerpen
since 20122.208.454.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0855/00N000 | Flanders | 869 m² | 1 · 125 m² | 17.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2022 to 2023 · 2 entries · 3,435 EUR awarded · 726 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 726 EUR | 726 EUR |
| 2022 | 1 | 2,709 EUR | 0 EUR |
Schemes
Subsidies laadpalen (Relance)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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N.T.S. CONSULTING
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Of 1,270 companies in sector 47512 we hold annual accounts for 581. 418 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.