Summary
FREVAN 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 €2.5m and a net result of €4,231. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 84% of 6,680 sector peers (NACE 64, financial year 2025). The company has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €2.5m
- Profit
- €4,231
- Holdings
- 1
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 13 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Appointment: Danny Praet (revisor)Auditor report · Capital increase…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2020 to 2025, 5 financial years 2019 to 2025, 6 financial years
The operating result falls in 2025; 2025 is 71% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,704 | €43,491 | €43,491 | €31,382 | €50,219 | €42,787 | ▼ 14.8% |
| Other operating charges640/8 | - | - | - | €7,060 | €12,327 | €9,612 | ▼ 22.0% |
| Gross operating margin9900 | €76,529 | €65,406 | €53,015 | €44,888 | €128,124 | €71,251 | ▼ 44.4% |
| Operating profit (loss)9901 | €26,493 | €15,105 | €2,512 | €6,446 | €65,578 | €18,853 | ▼ 71.3% |
| Financial income75/76B | - | - | - | €66 | €186 | €121 | ▼ 35.0% |
| Recurring financial income75 | €419 | €399 | €22 | €66 | €186 | €121 | ▼ 35.0% |
| Financial charges65/66B | - | - | - | €14,833 | €36,847 | €12,459 | ▼ 66.2% |
| Recurring financial charges65 | €26,595 | €20,025 | €15,232 | €14,833 | €36,847 | €12,459 | ▼ 66.2% |
| Profit (loss) for the period before taxes9903 | €317 | -€4,521 | -€12,698 | -€8,321 | €28,917 | €6,514 | ▼ 77.5% |
| Income taxes67/77 | €2,806 | €3,620 | €742 | €706 | €4,261 | €2,284 | ▼ 46.4% |
| Profit (loss) for the period9904 | -€2,489 | -€8,140 | -€13,440 | -€9,028 | €24,657 | €4,231 | ▼ 82.8% |
| Profit (loss) for the period to be appropriated9905 | -€2,489 | -€8,140 | -€13,440 | -€9,028 | €24,657 | €4,231 | ▼ 82.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.8m | €1.7m | €1.7m | €2.1m | €2.9m | €2.8m | ▼ 0.5% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.6m | €2.7m | €2.6m | ▼ 1.5% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €1.1m | €2.2m | €2.2m | ▼ 1.9% |
| Land and buildings22 | - | - | - | €1.1m | €2.2m | €2.1m | ▼ 1.8% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.02m | €0.01m | ▼ 13.8% |
| Financial fixed assets28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Current assets29/58 | €0.5m | €0.5m | €0.6m | €0.5m | €0.2m | €0.2m | ▲ 16.2% |
| Amounts receivable within one year40/41 | €0.04m | €0.01m | €0.02m | €0.005m | €0.1m | €0.2m | ▲ 21.7% |
| Trade receivables40 | - | - | - | €0.005m | €0.03m | €0.06m | ▲ 93.7% |
| Other amounts receivable41 | - | - | - | €188 | €0.1m | €0.1m | ▲ 0.1% |
| Cash at bank and in hand54/58 | €0.5m | €0.5m | €0.5m | €0.5m | €0.02m | €0.02m | ▼ 0.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.02m | ▼ 4.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.7m | €2.1m | €2.9m | €2.8m | ▼ 0.5% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.6m | €2.5m | €2.5m | ▲ 0.2% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.3m | €2.2m | €2.2m | = |
| Capital10 | - | - | - | €1.3m | €2.2m | €2.2m | = |
| Issued capital100 | - | - | - | €1.3m | €2.2m | €2.2m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 1.6% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €36 | €36 | €36 | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.3m | €0.3m | ▲ 1.7% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - | - |
| Amounts payable17/49 | €0.5m | €0.4m | €0.4m | €0.5m | €0.4m | €0.3m | ▼ 5.1% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0.5m | €0.3m | €0.3m | ▼ 6.2% |
| Financial debts170/4 | - | - | - | €0.09m | €0.05m | €0.03m | ▼ 36.5% |
| Other amounts payable178/9 | - | - | - | €0.4m | €0.3m | €0.3m | = |
| Amounts payable within one year42/48 | €0.03m | €0.03m | €0.04m | €0.04m | €0.04m | €0.03m | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | ▲ 3.3% |
| Trade debts44 | €0.001m | €0.002m | €0.002m | €0.02m | €0.003m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0.02m | €0.003m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.01m | €0.009m | ▼ 24.2% |
| Taxes450/3 | - | - | - | €0.002m | €0.01m | €0.009m | ▼ 24.2% |
| Other amounts payable47/48 | - | - | - | €0.002m | €0.001m | €0.001m | ▲ 89.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €171 | €0.007m | ▲ 40× |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,489 | -€8,140 | -€13,440 | -€9,028 | €24,657 | €4,231 | ▼ 82.8% |
| + Depreciation and write-downs630 | €43,704 | €43,491 | €43,491 | €31,382 | €50,219 | €42,787 | ▼ 14.8% |
| Operating cash flow (approximation) | €41,215 | €35,351 | €30,051 | €22,354 | €74,875 | €47,017 | ▼ 37.2% |
| Investment in fixed assets (approximation) | - | -€9,496 | €0 | -€494,078 | - | -€1,808 | - |
| Change in cash | - | €28,712 | €5,804 | -€48,718 | - | -€28 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-07-2025 | abbreviated format | 27-02-2026 | 2026-00045238 |
| 31-07-2024 | abbreviated format | 28-02-2025 | 2025-00040704 |
| 31-08-2022 | abbreviated format | 28-03-2023 | 2023-00046513 |
| 31-08-2021 | abbreviated format | 23-03-2022 | 2022-08300081 |
| 31-08-2020 | abbreviated format | 26-03-2021 | 2021-08500139 |
| 31-08-2019 | abbreviated format | 18-02-2020 | 2020-05200126 |
| 31-08-2018 | abbreviated format | 27-02-2019 | 2019-06000210 |
| 31-08-2017 | abbreviated format | 07-03-2018 | 2018-06500189 |
| 31-08-2016 | abbreviated format | 24-03-2017 | 2017-07200415 |
| 31-08-2015 | abbreviated format | 29-02-2016 | 2016-05500131 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Danny Praet |
|
Owners and capital
Capital and shareholders
- De Smedt Anny 373 shares · €520,000 in kind
- De Smedt Anny €280,000 in kind
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 17-02-2026 Capital increase of €520,000 · to €2,758,942.14 · 373 new shares · in kind
- 08-08-2022 Capital increase of €280,000 · to €1,338,942.14 · 189 new shares · in kind
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- APOTEEK DE SMEDTsubsidiarySourceown accounts 31-07-202598%
According to the annual accounts to 31-07-2025 of FREVAN and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 3 of 8 Gazette acts processed.
History
Acts, filings and financial milestones
17-02
Gazette deed
Appointment: Danny Praet (revisor)Auditor report · Capital increase · Capital contribution15 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Board meeting, 04-02-2026
- Auditor report, 06-01-2026
- Auditor appointment, Danny Praet (revisor)
- Other provision, “inbreng in natura”, 520000.0 (deed in Dutch)
- Other provision, “waarderingsmethodes, waarden ten minste overeenkomen met de waarde van de inbreng die in de ontwerpakte wordt vermeld” (deed in Dutch)
- Other provision, “tegenprestatie”, 520000.0 (deed in Dutch)
- Other provision, “boekhoudkundige en financiële gegevens, getrouw en voldoende om de algemene vergadering voor te lichten” (deed in Dutch)
- Other provision, “geen uitspraak over geschiktheid, opportuniteit, waardering van vergoeding, rechtmatigheid of billijkheid, no fairness opinion” (deed in Dutch)
- Capital increase, €520,000
- Capital contribution, €520,000
- Share issue, “aandelen op naam, zonder vermelding van nominale waarde”, 373 (deed in Dutch)
- +3 further facts in this act
08-08
Gazette deed
Appointment: BV Danny Praet-Bedrijfsrevisor (statutory auditor)Amendment of the articles · Auditor report · Capital increase11 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles
- Other provision, 21-06-2022
- Auditor appointment, BV Danny Praet-Bedrijfsrevisor
- Auditor report, “informatie buitengewone Algemene Vergadering”, 280000 (deed in Dutch)
- Capital increase, €280,000
- Capital contribution, €280,000
- Real estate, “2a 75ca, Asse eerste afdeling,St.-Hubertusplein 9” (deed in Dutch)
- Capital, €1,338,942.14 (2 times)
- Purpose change
- Registered office clause, “1730 Asse,St.-Hubertusplein 9” (deed in Dutch)
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23002K0519/00A002 | Flanders | 287 m² | 1 · 180 m² | 14.3 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het aanleggen,oordeelkundig uitbouwen en beheren van een onroerend vermogen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking…” (deed in Dutch)
14 activities (deed in Dutch)
- Het aanleggen,oordeelkundig uitbouwen en beheren van een onroerend vermogen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer,uitbreiding,verfraaiing en transformatie van een eigen onroerend patrimonium,of zakelijke rechten op die onroerende goederen,zoals de aan en de verkoop,de promotie,de afbraak en de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur – en verhuur,de ruil,de verkavelingen,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende zakelijke rechten.
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer,uitbreiding,verfraaiing en transformatie van een eigen onroerend en roerend patrimonium,zoals:
- Onroerende goederen aanwerven,laten bouwen en verbouwen,laten opschikken,laten uitrusten,ombouwen,verfraaien,in huur geven of nemen,verkavelen,onderhouden,ontwikkelen en uitbaten,urbaniseren,vervreemden en ruilen met het oog op beheer,wederbelegging en opbrengst;
- Beschikbare middelen beleggen in alle roerende goederen en waarden,een portefeuille van roerende waarden beheren en dienaangaande aankopen en verkopen verrichten zonder speculatief karakter.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur- en verhuur,de ruil,in het bijzonder het beheer en valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen.
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële landbouw of immobiliënvennootschappen of ondernemingen;het stimuleren,de planning en de coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening,en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- Hetzij rechtstreeks,hetzij als tussenpersoon,alle activiteiten als holding,patrimoniumvennootschap,beheersmaatschappij,managementvennootschap,syndicus,makelaar,aannemer,handelaar,expert,commissionair,financier,adviseur op alle domeinen waarin zij competent is en waarin zij actief mag zijn in overeenstemming met de wettelijke reglementeringen,dit alles ter uitsluiting van de activiteiten inzake beleggingsadvies en vermogensbeheer die overeenkomstig de wet van vier december negentienhonderd negentig en latere uitvoeringsbesluiten.
- Het verlenen van advies in de ruimste zin des woords,management en andere prestaties allerhande,die kunnen geleverd worden krachtens statutaire of contractuele benoemingen en/of in de hoedanigheid van externe raadgever of orgaan van de andere vennootschap.
- De vennootschap zal alle burgerlijke,industriële,commerciële,financiële,roerende en onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp,die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden en die daartoe noodzakelijk,nuttig of zelfs alleen maar bevorderend zijn.
- De vennootschap zal door middel van inbreng,fusie,inschrijving of op om het even welke wijze mogen deelnemen aan alle ondernemingen,verenigingen en vennootschappen,zowel in België als in het buitenland,die een gelijkaardig voorwerp nastreven of waarvan het voorwerp in innig verband staat met haar voorwerp.
- Zij mag zich voor deze vennootschapen borg stellen of hen aval verlenen,voorschotten en leningen toestaan,hypothecaire of andere waarborgen verstrekken,alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen doch dit met uitzondering van deze activiteiten waarvoor een bijzondere toelating is vereist.
- Het waarnemen van alle bestuursopdrachten in andere vennootschappen (bestuurder of gedelegeerd bestuurder),het uitoefenen van mandaten en functies in andere ondernemingen,inclusief dat van vereffenaar.
- Het kopen,verkopen,huren en verhuren van alle mogelijke materialen en roerende goederen,alsook alle gelijkaardige handelingen zowel in aanneming als in onderaanneming.
- Deze opsomming mag alle commerciële,industriële,financiële roerende en onroerende daden stellen,nodig of dienstig voor de verwezenlijking van haar voorwerp of die de verwezenlijking ervan kunnen bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FREVAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,ateliers,opslagplaatsen,bijhuizen oprichten of opheffen” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Louter kennisgeving aan raad van bestuur, algemene vergadering te allen tijde zonder opgave van redenen met onmiddellijke ingang” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, blote eigendom en vruchtgebruik afzonderlijk ingeschreven met vermelding respectievelijke rechten” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 September to 31 August
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of February at 19:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, één of meer” (deed in Dutch)“Bevoegdheden vereffenaars, alle verrichtingen vermeld in wet” (deed in Dutch)“Wijze van vereffening en verdeling, naar verhouding aantal aandelen” (deed in Dutch)