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FRERO

Active
Private limited companyfounded 20251 yr activeHallebaan 185, 2390 Malle, BelgiumKBO/BCE: BE 1025.080.954
Summary

The computed 12-month bankruptcy probability of FRERO is 2.5% (moderate). The 2025 annual accounts show negative equity (-€11,702) and a net result of -€14,202. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability33
Solvency23
Growth-
Track record67
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 12.72; short-term debt: 7.9% and cash: 4% of total assets), but equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-1.5%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 1 filing
Deviation from the deadline
2025
28 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 July 2025, FRERO was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
-€11,702
Total assets
€774,697
Net result
-€14,202
Working capital
€713,798

Turnover and EBIT margin not published: the micro schema does not require them.

Key figures and ratios
2025 value
Solvency
-1.5%
Current ratio
12.72
Quick ratio
3.09
Debt to equity
-67.20
ROA
-1.8%
Debt
€786,400
Debt ≤ 1 year
€60,900
Debt > 1 year
€725,500

Peer companies

Historical observation

Of the 152 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 99% are still going.

  • Small
  • under 2 years old
  • negative equity
  • a small loss
0% went bankrupt
0.7% stopped otherwise
99% still going

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 152 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 27 lines
Balance sheet Code2025
Assets
Total assets20/58€774,697
Current assets29/58€774,697
Stocks and contracts in progress3€586,604
Stocks30/36€586,604
Amounts receivable within one year40/41€157,300
Other amounts receivable41€157,300
Cash at bank and in hand54/58€30,793
Equity and liabilities
Total equity and liabilities10/49€774,697
Equity10/15-€11,702
Contributions10/11€2,500
Profit (loss) carried forward14-€14,202
Amounts payable17/49€786,400
Amounts payable after more than one year17€725,500
Financial debts170/4€725,500
Amounts payable within one year42/48€60,900
Trade debts44€666
Suppliers440/4€666
Other amounts payable47/48€60,234
Income statement Code2025
Other operating charges640/8€2,385
Gross operating margin9900-€5,675
Operating profit (loss)9901-€8,059
Financial charges65/66B€6,143
Recurring financial charges65€6,143
Profit (loss) for the period before taxes9903-€14,202
Profit (loss) for the period9904-€14,202
Profit (loss) for the period to be appropriated9905-€14,202
Appropriation of the result
Profit (loss) to be appropriated9906-€14,202

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€2,385
Gross operating margin9900-€5,675
Operating profit (loss)9901-€8,059
Financial charges65/66B€6,143
Recurring financial charges65€6,143
Profit (loss) for the period before taxes9903-€14,202
Profit (loss) for the period9904-€14,202
Profit (loss) for the period to be appropriated9905-€14,202
Line2025
Assets
Total assets20/58€774,697
Current assets29/58€774,697
Stocks and contracts in progress3€586,604
Stocks30/36€586,604
Amounts receivable within one year40/41€157,300
Other amounts receivable41€157,300
Cash at bank and in hand54/58€30,793
Equity and liabilities
Total equity and liabilities10/49€774,697
Equity10/15-€11,702
Contributions10/11€2,500
Profit (loss) carried forward14-€14,202
Amounts payable17/49€786,400
Amounts payable after more than one year17€725,500
Financial debts170/4€725,500
Amounts payable within one year42/48€60,900
Trade debts44€666
Suppliers440/4€666
Other amounts payable47/48€60,234
Line2025
Profit (loss) for the period9904-€14,202
Operating cash flow (approximation)-€14,202

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Malle · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
2,911 m²
Building footprint
232 m²
Volume, LiDAR
767 m³
Parcel 11049B0545/00S002, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
FRERO
Hallebaan 185, 2390 MalleSite preparation
since 20252.377.109.615
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11049B0545/00S002 Flanders 2,910 m² 1 · 232 m² 6.2 m · 1 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded03-07-2025
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:1025080954
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.