FRERES SCHUL
ActiveFRERES SCHUL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €115k and a net result of €-4k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability34▲+34
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 7.17 against 6.86 in 2023; short-term debt: 12.1% and cash: 72% of total assets), and 12.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2024Solvency, return and age of the figures
Solvency
87.9%
Return on assets
-3.3%
Age of the figures
21 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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
422 d late
2022
788 d late
2021
59 d early
2020
2 d late
2019
17 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€115k▼ 3.6%
2023 · €119k
2018: €45k
2019: €61k
2020: €60k
2021: €63k
2022: €140k
2023: €119k
2018 → 2024
Total assets
€131k▼ 5.4%
2023 · €138k
2018: €84k
2019: €146k
2020: €133k
2021: €128k
2022: €174k
2023: €138k
2018 → 2024
Net result
€-4k▲ 79.6%
2023 · €-21k
2018: €15k
2019: €23k
2020: €7k
2021: €10k
2022: €77k
2023: €-21k
2018 → 2024
Working capital
€98k▼ 3.7%
2023 · €101k
2018: €30k
2019: €10k
2020: €50k
2021: €55k
2022: €113k
2023: €101k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€60k-€63k▲ 4.3%€140k▲ 122%€119k▼ 15.0%€115k▼ 3.6%
Operating result€14k-€17k▲ 20.4%€100k▲ 506%€-21k€-2k▲ 92.7%
Net result€7k-€10k▲ 48.3%€77k▲ 690%€-21k€-4k▲ 79.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €21k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€17k▼ 11.6%
Current assets
€114k▼ 4.4%
Equity and liabilities €131k
Equity
€115k▼ 3.6%
Debt
€16k▼ 16.8%
The debt ratio falls from 13.8% to 12.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▲
2023 · €-4k
Cash flow
€3k▲
2023 · €-4k
Solvency
87.9%▲
2023 · 86.2%
Current ratio
7.17▲
2023 · 6.86
Quick ratio
7.12▲
2023 · 6.67
Debt / equity
0.14▼
2023 · 0.16
ROE
-3.7%▲
2023 · -17.6%
ROA
-3.3%▲
2023 · -15.2%
Interest coverage
2.32▲
2023 · -11.14
Debt
€16k▼
2023 · €19k
Debt ≤ 1 year
€16k▼
2023 · €17k
Income taxes
€477▲
2023 · €16
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€138k€131k▼
Fixed assets21/28€19k€17k▼
Tangible fixed assets22/27€19k€17k▼
Plant, machinery and equipment23€6k€8k▲
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€347€347=
Current assets29/58€119k€114k▼
Stocks and contracts in progress3€3k€826▼
Stocks30/36€3k€826▼
Amounts receivable within one year40/41€13k€17k▲
Trade receivables40€2k€14k▲
Other amounts receivable41€11k€2k▼
Cash at bank and in hand54/58€100k€94k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€138k€131k▼
Equity10/15€119k€115k▼
Contributions10/11€26k€26k=
Reserves13€28k€28k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€65k€60k▼
Amounts payable17/49€19k€16k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€17k€16k▼
Current portion of amounts payable after more than one year42€10k€2k▼
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€280€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€7k▼
Other operating charges640/8€5k€859▼
Gross operating margin9900€725€6k▲
Operating profit (loss)9901€-21k€-2k▲
Financial income75/76B€6€3▼
Recurring financial income75€6€3▼
Financial charges65/66B€352€2k▲
Recurring financial charges65€352€2k▲
Profit (loss) for the period before taxes9903€-21k€-4k▲
Income taxes67/77€16€477▲
Profit (loss) for the period9904€-21k€-4k▲
Profit (loss) for the period to be appropriated9905€-21k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€60k▼
Profit (loss) brought forward from the previous period14P€86k€65k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 422 days late
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 788 days late
2023
31-12
Financial
Weakest financial yearnet €-21k ▼127%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2022
31-12
Financial
Highest result since 2018net €77k ▲690%
Operating result €100k, net result €77k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.02
Current ratio from 2.26 to 6.02; short-term debt falls from €43k to €23k.
31-12
Financial
Equity above €100kEq €140k ▲122%
5 profitable years in a row build equity to €140k.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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 2025
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.
28-03-2025
Resigned as Director
28-03-2025
Resigned as Managing director
Location & real-estate footprint
Registered office, Rendeux · 1 establishment unit since 2010
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.
Derrière-la-Ville, Marcourt 36987 RendeuxGround area
4,633 m²
Building footprint
429 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Pont-de-Marcourt, Marcourt 3, 6987 Rendeux
since 20102.187.499.260
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83035C0138/00D000 | Wallonia | 3,351 m² | 1 · 330 m² | - |
| 83035C1103/00R000 | Wallonia | 1,281 m² | 1 · 99 m² | - |
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.
Similar companies · same sector, comparable size
E.B. CONSTRUCTION
BE 0669.982.760
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IMMO BELLE
BE 0675.494.043
Bertrix · Eq €115k
MCA PARTNERS CONCEPT
BE 0716.836.829
Asse · Eq €115k
KR IMMO PROJECTS
BE 0790.607.804
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Allventi
BE 0749.862.359
Beerse · Eq €115k
Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 13,013 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2010
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.