Fretus is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.33M and a net result of €268k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 5523 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.33M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-03-2026, 143 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
143 d early
2024
106 d early
2023
78 d early
2022
53 d early
2021
24 d early
2020
25 d early
2019
24 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.33M▲ 25.3%
2024 · €1.06M
2018: €57k
2019: €68k
2020: €78k
2021: €118k
2022: €153k
2023: €549k
2024: €1.06M
2018 → 2025
Net result
€268k▼ 47.4%
2024 · €511k
2018: €22k
2019: €11k
2020: €10k
2021: €40k
2022: €44k
2023: €396k
2024: €511k
2018 → 2025
Total assets
€6.40M▼ 3.2%
2024 · €6.62M
2018: €64k
2019: €109k
2020: €151k
2021: €720k
2022: €1.65M
2023: €7.35M
2024: €6.62M
2018 → 2025
Solvency
20.7%▲ 4.7pp
2024 · 16.0%
2018: 88.7%
2019: 62.1%
2020: 51.3%
2021: 16.4%
2022: 9.3%
2023: 7.5%
2024: 16.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€118k-€153k▲ 30.2%€549k▲ 258%€1.06M▲ 93.0%€1.33M▲ 25.3%
Operating result€68k-€92k▲ 36.0%€295k▲ 221%€609k▲ 106%€583k▼ 4.3%
Net result€40k-€44k▲ 10.0%€396k▲ 792%€511k▲ 29.1%€268k▼ 47.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.40M
Fixed assets
€6.18M▼ 1.2%
Current assets
€221k▼ 38.0%
Equity and liabilities €6.40M
Equity
€1.33M▲ 25.3%
Debt
€5.07M▼ 8.7%
The debt ratio falls from 84.0% to 79.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
20.7%▲
2024 · 16.0%
ROE
20.2%▼
2024 · 48.2%
ROA
4.2%▼
2024 · 7.7%
Debt
€5.07M▼
2024 · €5.56M
Debt ≤ 1 year
€861k▲
2024 · €746k
Debt > 1 year
€4.09M▼
2024 · €4.74M
Income taxes
€92k=
2024 · €92k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.62M€6.40M▼
Fixed assets21/28€6.26M€6.18M▼
Tangible fixed assets22/27€98k€78k▼
Land and buildings22€20k€15k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€76k€62k▼
Financial fixed assets28€6.16M€6.10M▼
Current assets29/58€357k€221k▼
Amounts receivable within one year40/41€116k€156k▲
Trade receivables40€103k€130k▲
Other amounts receivable41€13k€26k▲
Cash at bank and in hand54/58€239k€63k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€6.62M€6.40M▼
Equity10/15€1.06M€1.33M▲
Contributions10/11€19k€19k=
Reserves13€1.04M€1.31M▲
Tax-exempt reserves132€113k€104k▼
Distributable reserves133€928k€1.21M▲
Amounts payable17/49€5.56M€5.07M▼
Amounts payable after more than one year17€4.74M€4.09M▼
Financial debts170/4€4.59M€4.04M▼
Other amounts payable178/9€150k€50k▼
Amounts payable within one year42/48€746k€861k▲
Current portion of amounts payable after more than one year42€462k€567k▲
Financial debts43€19k€0▼
Credit institutions430/8€19k€0▼
Trade debts44€963€1k▲
Suppliers440/4€963€1k▲
Taxes, remuneration and social security45€38k€55k▲
Taxes450/3€38k€55k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€226k€238k▲
Accrued charges and deferred income492/3€68k€122k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€24k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€628k€608k▼
Operating profit (loss)9901€609k€583k▼
Financial income75/76B€240k€1▼
Recurring financial income75€240k€1▼
Financial charges65/66B€247k€223k▼
Recurring financial charges65€247k€223k▼
Profit (loss) for the period before taxes9903€603k€360k▼
Income taxes67/77€92k€92k=
Profit (loss) for the period9904€511k€268k▼
Transfer from tax-exempt reserves789-€10k
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€511k€278k▼
Appropriation of the result
Profit (loss) to be appropriated9906€511k€278k▼
Transfer to equity691/2€511k€278k▼
To other reserves6921€511k€278k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €511k ▲29.1%
Operating result €609k, net result €511k, both a record.
31-12
Financial
Equity above €1MEq €1.06M ▲93%
7 profitable years in a row build equity to €1.06M.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €549k ▲258%
6 profitable years in a row build equity to €549k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €153k ▲30.2%
5 profitable years in a row build equity to €153k.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €118k ▲51.9%
4 profitable years in a row build equity to €118k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €10k ▼9.6%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zwevegem · 1 establishment unit since 2016
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.
Ommegangstraat(Z) 348550 ZwevegemGround area
1,131 m²
Building footprint
243 m²
Volume, LiDAR
1,052 m³
Parcel 34042B0189/00T000, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Fretus
since 20162.259.325.285
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042B0189/00T000 | Flanders | 1,131 m² | 1 · 243 m² | 9.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500C0E3UC97F81120
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 12,038 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-12-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.