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FRESART

Active
Private limited companyfounded 20241 yr activeRue du Fond du Flo 17, 4621 Fléron, BelgiumKBO/BCE: BE 1015.231.494
Summary

The computed 12-month bankruptcy probability of FRESART is 1.5% (moderate). The 2025 annual accounts show equity of €38,013 and a net result of €33,013. Its solvency ranks better than 25% of 4583 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability87
Solvency42
Growth-
Track record67
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.52; short-term debt: 62.8% and cash: 16.4% of total assets), and 83.1% of the assets are financed with debt.
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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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
16.9%
Return on assets
14.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 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 17 October 2024, FRESART 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

Equity
€38,013
Total assets
€224,813
Net result
€33,013
Working capital
-€67,183

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

Balance-sheet composition
Assets €224,813
Fixed assets €150,804
Current assets €74,010
Equity and liabilities €224,813
Equity €38,013
Debt €186,800
Debt finances 83.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€80,857
Cash flow
€68,638
Current ratio
0.52
Debt to equity
4.91
ROE
86.8%
ROA
14.7%
Interest coverage
50.18
Debt ≤ 1 year
€141,192
Debt > 1 year
€45,608
Income taxes
€11,595
Staff costs
€66,440

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 2,390 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 · 44 lines
Balance sheet Code2025
Assets
Total assets20/58€224,813
Fixed assets21/28€150,804
Tangible fixed assets22/27€150,804
Plant, machinery and equipment23€80,595
Furniture and vehicles24€67,844
Other tangible fixed assets26€2,366
Current assets29/58€74,010
Amounts receivable within one year40/41€31,038
Trade receivables40€12,046
Other amounts receivable41€18,991
Cash at bank and in hand54/58€36,968
Deferred charges and accrued income490/1€6,004
Equity and liabilities
Total equity and liabilities10/49€224,813
Equity10/15€38,013
Contributions10/11€5,000
Reserves13€33,013
Distributable reserves133€33,013
Amounts payable17/49€186,800
Amounts payable after more than one year17€45,608
Financial debts170/4€45,608
Amounts payable within one year42/48€141,192
Current portion of amounts payable after more than one year42€11,197
Trade debts44€14,607
Suppliers440/4€14,607
Taxes, remuneration and social security45€9,029
Taxes450/3€515
Remuneration and social security454/9€8,514
Other amounts payable47/48€106,359
Income statement Code2025
Remuneration, social security and pensions62€66,440
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,625
Other operating charges640/8€1,450
Gross operating margin9900€148,747
Operating profit (loss)9901€45,231
Financial income75/76B€988
Recurring financial income75€988
Financial charges65/66B€1,611
Recurring financial charges65€1,611
Profit (loss) for the period before taxes9903€44,608
Income taxes67/77€11,595
Profit (loss) for the period9904€33,013
Profit (loss) for the period to be appropriated9905€33,013
Appropriation of the result
Profit (loss) to be appropriated9906€33,013
Transfer to equity691/2€33,013
To other reserves6921€33,013

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€66,440
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,625
Other operating charges640/8€1,450
Gross operating margin9900€148,747
Operating profit (loss)9901€45,231
Financial income75/76B€988
Recurring financial income75€988
Financial charges65/66B€1,611
Recurring financial charges65€1,611
Profit (loss) for the period before taxes9903€44,608
Income taxes67/77€11,595
Profit (loss) for the period9904€33,013
Profit (loss) for the period to be appropriated9905€33,013
Line2025
Assets
Total assets20/58€224,813
Fixed assets21/28€150,804
Tangible fixed assets22/27€150,804
Plant, machinery and equipment23€80,595
Furniture and vehicles24€67,844
Other tangible fixed assets26€2,366
Current assets29/58€74,010
Amounts receivable within one year40/41€31,038
Trade receivables40€12,046
Other amounts receivable41€18,991
Cash at bank and in hand54/58€36,968
Deferred charges and accrued income490/1€6,004
Equity and liabilities
Total equity and liabilities10/49€224,813
Equity10/15€38,013
Contributions10/11€5,000
Reserves13€33,013
Distributable reserves133€33,013
Amounts payable17/49€186,800
Amounts payable after more than one year17€45,608
Financial debts170/4€45,608
Amounts payable within one year42/48€141,192
Current portion of amounts payable after more than one year42€11,197
Trade debts44€14,607
Suppliers440/4€14,607
Taxes, remuneration and social security45€9,029
Taxes450/3€515
Remuneration and social security454/9€8,514
Other amounts payable47/48€106,359
Line2025
Profit (loss) for the period9904€33,013
+ Depreciation and write-downs630€35,625
Operating cash flow (approximation)€68,638

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
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 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, Fléron · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
414 m²
Parcel 62084B0253/00C003, Wallonia. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Frésart
Rue du Fond du Flo 17, 4621 FléronLogging
since 20242.366.186.326
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62084B0253/00C003 Wallonia 414 m² - -
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.

Similar companies · same sector, comparable size

Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,506 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
Founded17-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
02200Logging
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015231494
Also 9925:BE1015231494
Registered 01-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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