Equity
-€225,479
Debts exceed assets in financial year 2025.
FREPO PROJECTS
Lifetime
9 annual accounts with figures on one time axispeak €262,131 (2019)
€49,280▼ 49.3%
lowest -€233,446 (2023)
-€32,807▼ €40,243
peak €33,337 (2022)
-€225,479▼ €32,807
€708,883▼ 15.7%
peak 7 FTE (2017)
1 FTEunchanged
Board2 names since 2009
1 directorPoppe Freya Irène
Owners
Documentsfilings and deeds
19-08-202619 days late
2025abbreviated format
Gross margin from €97,138 to €49,280Loss of €32,807Equity from -€192,673 to -€225,479Debts from €840,769 to €708,883Cash from €108,861 to €31,634
Key points
from the 2025 annual accountsDebts
€708,883 147% of the balance sheet
Financial debts 71%Suppliers 7%Taxes and wages 3%Other 19%
Of this, €254,474 falls due within a year.
Staff
1 FTE from 7 in 2017
Between 2017 and 2025, 86% of the full-time equivalents disappeared.
Liquidity
0.40 was 1.39 in 2024
Short-term debts rose from €182,043 to €254,474.
Filings
9 annual accounts 2 late
The 2025 accounts came latest: 19 days after the end of the period.
Position in the sector
-€225,479
Less equity than 95% of companies in retail trade. Sector median €235,781 · 12,866 companies.
Checked score
52
Fair
Financially stronger than 18% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.8%
01-2025: 2.8%● unchanged vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025highest value
03-2025: 2.7%▼ -0.1 percentage points vs 02-2025
04-2025: 2.8%▲ +0.1 percentage points vs 03-2025
05-2025: 2.6%▼ -0.2 percentage points vs 04-2025
06-2025: 2.7%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%▼ -1.6 percentage points vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026lowest value
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.4 percentage points vs 07-2026
09-2026: 2.1%▲ +0.6 percentage points vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€225,479
Loss of €32,807 (financial year 2025)
Sector: Retail trade (NACE 47)
lowers risk
Size: 1 FTE, total assets €483,404
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 (NACE 47, micro). It does better than 6% of them on solvency, 29% on liquidity, 17% on profitability and 21% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 2,333 companies had the same profile as FREPO PROJECTS has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FREPO PROJECTS itself: 2.1% 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.
| 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 2,333 companies, not a prediction for FREPO PROJECTS. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.4 (1.39 in 2024), below 1. Short-term debt is 52.6% and cash 6.5% of total assets. Equity is negative.
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
Six signals.
lowers riskraises risk
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 -€225,479
raises risk · 2025 accounts filed 19 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
19 days late
2024
56 days early
2023
14 days early
2022
on the day
2021
31 days early
2020
10 days late
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (3 of the last 3 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PF
Poppe Freya Irène
Director, since 02-09-2009
- Freya POPPE 100%annual accounts 31-03-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0818218358
Legal-form change · Resignations & appointments
Change of role: Poppe, from manager to director · Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: Poppe · General meeting of 06-03-2023 · Gazette deed
Registered office moved from Kruibeke to Antwerp
New registered office: Halewijnlaan 80+, 2050 Antwerpen · Previous registered office: Burchtstraat 162, 9150 Kruibeke · General meeting of 01-06-2022 · Gazette deed
Algemene Vergadering - Boekjaar
General meeting of 29-06-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FREPO PROJECTS Antwerp | €483,404 | €49,280 | -46.6% | 1 |
| BOUTIQUE OZE Tournai | €209,502 | €50,114 | 73.2% | 0.6 |
| DAMACO Antwerp | €528,475 | €44,018 | 31.5% | - |
| SOIE-UNIQUE Gavere | €425,322 | €19,060 | -23.2% | 0 |
| GK Investments Merelbeke-Melle | €464,352 | €65,205 | 35.6% | - |
| L.J.B. Antwerp | €597,918 | €21,648 | 0.1% | - |
| JULIJA Antwerp | €229,689 | €33,282 | -1.1% | - |
These companies have the same main activity as FREPO PROJECTS: retail sale of household textiles and bedding (NACE 47512). They are comparable in size and age: total assets between €210,000 and €598,000, founded between 2005 and 2011.
Official details
Source: KBO- Status
- Active since 02-09-2009Normal situation
- Activity
- Retail sale of household textiles and beddingNACE 47512and 3 others
- Establishment unit
- 2.208.454.2302050 Antwerp, since 15-03-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Annual accounts 2025
- ≈ €280,000estimated
- €483,404▼ 25.4%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 19-08-2026
Insights on FREPO PROJECTS
FREPO PROJECTS files the abbreviated format. That format states no turnover. The gross margin fell from €104,553 in 2016 to €49,280 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
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 FREPO PROJECTS
- What is the company number of FREPO PROJECTS?
- The company number of FREPO PROJECTS is 0818.218.358. The VAT number is the same number with BE in front: BE 0818.218.358.
- Where is FREPO PROJECTS based?
- The registered office is at Halewijnlaan 80+, 2050 Antwerp.Company details
- What does FREPO PROJECTS do?
- According to the KBO register, the main activity is retail sale of household textiles and bedding (NACE 47512).
- What is the legal form of FREPO PROJECTS?
- FREPO PROJECTS is a private limited company (BV).
- When was FREPO PROJECTS founded?
- FREPO PROJECTS was founded on 02-09-2009.
- Is FREPO PROJECTS still active?
- Yes, FREPO PROJECTS is an active enterprise in the KBO register.
- How many employees does FREPO PROJECTS have?
- FREPO PROJECTS had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FREPO PROJECTS?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €49,280 and 41 comparable companies (NACE 475). It probably lies between €210,000 and €440,000.
- Is FREPO PROJECTS profitable?
- In financial year 2025, FREPO PROJECTS made a loss of €32,807.
- Where can I find the annual accounts of FREPO PROJECTS?
- FREPO PROJECTS filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FREPO PROJECTS due?
- FREPO PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.