FREVAL
InactiveFREVAL was declared bankrupt on 22-04-2024 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); according to the publications in the Belgian State Gazette the procedure is no longer open (latest notice 19-03-2026).
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 10-07-2023, 344 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
344 d late
2020
61 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 164 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
€2.2m▲ 2.1%
2020 · €2.2m
Total assets
€3.4m▲ 1.9%
2020 · €3.3m
Net result
€45,340
2020 · -€44,558
Working capital
€2.0m▲ 3.2%
2020 · €2.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€8,457--€2,383▲ 71.8%-€8,285▼ 248%-€10,449▼ 26.1%
Net result-€8,824-€25,599-€44,558€45,340
Equity€2.2m-€2.2m▲ 1.2%€2.2m▼ 2.0%€2.2m▲ 2.1%
Total assets€3.1m-€3.2m▲ 0.8%€3.3m▲ 4.9%€3.4m▲ 1.9%
Debt€91€1.1m▲ 1,249,852%€1.2m▲ 1.4%
Working capital€3.0m€2.0m▼ 33.2%€2.0m▲ 3.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,449 in 2021 against €8,285 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €3.4m
Fixed assets
€197,505 ▼ 8.2%
Current assets
€3.2m ▲ 2.5%
Equity and liabilities €3.4m
Equity
€2.2m ▲ 2.1%
Debt
€1.2m ▲ 1.4%
Debt's share of the balance-sheet total falls from 34.1% to 34.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.77▲
2020 · 2.74
Debt to equity
0.51
ROE
2.0%▲
2020 · -2.0%
ROA
1.3%▲
2020 · -1.3%
Debt ≤ 1 year
€1.2m▲
2020 · €1.1m
Income taxes
€16,154▼
2020 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €524 | - |
| Gross operating margin9900 | -€7,547 | -€1,156 | -€7,815 | -€9,926 | ▼ 27.0% |
| Operating profit (loss)9901 | -€8,457 | -€2,383 | -€8,285 | -€10,449 | ▼ 26.1% |
| Financial income75/76B | - | - | - | €72,096 | - |
| Recurring financial income75 | - | €28,199 | €161,066 | €72,096 | ▼ 55.2% |
| Financial charges65/66B | - | - | - | €152 | - |
| Recurring financial charges65 | €367 | €217 | €5 | €152 | ▲ 2,755% |
| Profit (loss) for the period before taxes9903 | -€8,824 | €25,599 | €152,775 | €61,494 | ▼ 59.7% |
| Transfer from deferred taxes780 | - | - | - | €0 | - |
| Income taxes67/77 | - | - | €1.1m | €16,154 | ▼ 98.6% |
| Profit (loss) for the period9904 | -€8,824 | €25,599 | -€44,558 | €45,340 | ▲ 202% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,824 | €25,599 | €2.7m | €45,340 | ▼ 98.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.1m | €3.2m | €3.3m | €3.4m | ▲ 1.9% |
| Fixed assets21/28 | €215,228 | €215,228 | €215,228 | €197,505 | ▼ 8.2% |
| Tangible fixed assets22/27 | €215,228 | €215,228 | €215,228 | €197,505 | ▼ 8.2% |
| Land and buildings22 | - | - | - | €197,505 | - |
| Current assets29/58 | €2.9m | €3.0m | €3.1m | €3.2m | ▲ 2.5% |
| Amounts receivable within one year40/41 | €1.6m | €2.0m | €2.9m | €3.1m | ▲ 9.6% |
| Other amounts receivable41 | - | - | - | €3.1m | - |
| Cash at bank and in hand54/58 | €854,728 | €492,029 | €205,088 | €8,447 | ▼ 95.9% |
| Deferred charges and accrued income490/1 | - | - | - | €52,557 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.1m | €3.2m | €3.3m | €3.4m | ▲ 1.9% |
| Equity10/15 | €2.2m | €2.2m | €2.2m | €2.2m | ▲ 2.1% |
| Contributions10/11 | €245,500 | €245,500 | - | €245,500 | - |
| Reserves13 | €3.1m | €3.1m | €1.9m | €2.0m | ▲ 2.3% |
| Non-distributable reserves130/1 | - | - | - | €24,550 | - |
| Reserves not available under the articles1311 | - | - | - | €24,550 | - |
| Distributable reserves133 | - | - | - | €2.0m | - |
| Profit (loss) carried forward14 | -€1.2m | -€1.1m | -€1.2m | - | - |
| Provisions and deferred taxes16 | €934,559 | €934,559 | - | - | - |
| Amounts payable17/49 | - | €91 | €1.1m | €1.2m | ▲ 1.4% |
| Amounts payable within one year42/48 | - | €91 | €1.1m | €1.2m | ▲ 1.4% |
| Trade debts44 | - | €91 | €2,440 | €2,451 | ▲ 0.4% |
| Suppliers440/4 | - | - | - | €2,451 | - |
| Taxes, remuneration and social security45 | - | - | - | €1.1m | - |
| Taxes450/3 | - | - | - | €1.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,824 | €25,599 | -€44,558 | €45,340 | ▲ 202% |
| Operating cash flow (approximation) | -€8,824 | €25,599 | -€44,558 | €45,340 | ▲ 202% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €17,723 | - |
| Change in cash | - | -€362,699 | -€286,941 | -€196,641 | ▲ 31.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
19-03
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Antwerpen, afdeling Mechelen
2024
26-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 22-04-2024
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 344 days late
2021
31-12
Financial
Back to profitnet €45,340
Net result €45,340 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€44,558
Net result drops to -€44,558, the lowest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
31-12
Financial
Back to profitnet €25,599
Net result €25,599 after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 70 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 125 days late
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Show earlier events
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
2013
30-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 91 days late
2012
30-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 91 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DOMINIQUE CLAES MOLENVAARTSTRAAT 80,
2560 NIJLEN |
22-04-2024 → present |