FREWAM
ActiveSummary
FREWAM has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.55M and a net result of €318k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-20
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 38.07 against 15.37 in 2024; short-term debt: 2.4% and cash: 2.9% of total assets), and 2.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.2%
Return on assets
8.7%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
12 d late
2023
9 d early
2022
15 d late
2021
4 d late
2020
4 d late
2019
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.55M▼ 12.8%
2024 · €4.07M
2019: €2.10M
2020: €2.47M
2021: €3.05M
2022: €3.65M
2023: €4.44M
2024: €4.07M
2019 → 2025
Total assets
€3.65M▼ 15.9%
2024 · €4.34M
2019: €3.07M
2020: €3.45M
2021: €3.99M
2022: €4.11M
2023: €4.86M
2024: €4.34M
2019 → 2025
Net result
€318k▼ 79.3%
2024 · €1.53M
2019: €339k
2020: €369k
2021: €578k
2022: €598k
2023: €788k
2024: €1.53M
2019 → 2025
Working capital
€3.31M▼ 3.0%
2024 · €3.41M
2019: €1.04M
2020: €1.39M
2021: €1.99M
2022: €2.60M
2023: €3.28M
2024: €3.41M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.05M-€3.65M▲ 19.6%€4.44M▲ 21.6%€4.07M▼ 8.3%€3.55M▼ 12.8%
Operating result€798k-€792k▼ 0.8%€1.15M▲ 45.1%€2.09M▲ 82.0%€316k▼ 84.9%
Net result€578k-€598k▲ 3.5%€788k▲ 31.7%€1.53M▲ 94.7%€318k▼ 79.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.65M
Fixed assets
€247k ▼ 64.2%
Current assets
€3.40M ▼ 6.8%
Equity and liabilities €3.65M
Equity
€3.55M ▼ 12.8%
Debt
€102k ▼ 62.8%
Debt's share of the balance-sheet total falls from 6.3% to 2.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€373k▼
2024 · €2.19M
Cash flow
€374k▼
2024 · €1.63M
Current ratio
38.07▲
2024 · 15.37
Debt to equity
0.03▼
2024 · 0.07
ROE
9.0%▼
2024 · 37.7%
ROA
8.7%▼
2024 · 35.3%
Interest coverage
148.85▼
2024 · 534.93
Debt ≤ 1 year
€89k▼
2024 · €238k
Debt > 1 year
€0▼
2024 · €37k
Income taxes
€141k▼
2024 · €691k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.34M€3.65M▼
Fixed assets21/28€689k€247k▼
Tangible fixed assets22/27€689k€247k▼
Land and buildings22€544k€152k▼
Plant, machinery and equipment23€3k€15k▲
Furniture and vehicles24€142k€81k▼
Financial fixed assets28€50€0▼
Current assets29/58€3.65M€3.40M▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€65k€180k▲
Trade receivables40-€54k
Other amounts receivable41€65k€126k▲
Current investments50/53€3.08M€3.11M▲
Cash at bank and in hand54/58€501k€108k▼
Deferred charges and accrued income490/1€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€4.34M€3.65M▼
Equity10/15€4.07M€3.55M▼
Contributions10/11€7k€7k=
Capital10€0-
Issued capital100€0-
Uncalled capital101€0-
Outside capital11€7k-
Other1109/19€7k-
Reserves13€4.06M€3.54M▼
Non-distributable reserves130/1€0-
Legal reserve130€0-
Tax-exempt reserves132€38k€38k=
Distributable reserves133€4.02M€3.50M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€274k€102k▼
Amounts payable after more than one year17€37k€0▼
Financial debts170/4€37k€0▼
Amounts payable within one year42/48€238k€89k▼
Current portion of amounts payable after more than one year42€31k€0▼
Trade debts44€10k€7k▼
Suppliers440/4€10k€7k▼
Advances received on contracts in progress46€6k€0▼
Taxes, remuneration and social security45€191k€83k▼
Taxes450/3€191k€83k▼
Accrued charges and deferred income492/3€0€13k▲
Income statement
Code20242025
Non-recurring operating income76A-€34k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€57k▼
Other operating charges640/8€10k€59k▲
Gross operating margin9900€2.20M€432k▼
Operating profit (loss)9901€2.09M€316k▼
Financial income75/76B€139k€145k▲
Recurring financial income75€139k€145k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€2.23M€459k▼
Income taxes67/77€691k€141k▼
Profit (loss) for the period9904€1.53M€318k▼
Profit (loss) for the period to be appropriated9905€1.53M€318k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.53M€318k▼
Transfer from equity791/2€1.47M€838k▼
Transfer to equity691/2€1.53M€318k▼
To other reserves6921€1.53M€318k▼
Profit to be distributed694/7€1.47M€838k▼
Return on contributions (dividend)694€1.47M€838k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €318k ▼79.3%
Net result drops to €318k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 38.07
Current ratio from 15.37 to 38.07; short-term debt falls from €238k to €89k.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
31-12
Financial
Highest result since 2019net €1.53M ▲94.7%
Operating result €2.09M, net result €1.53M, both a record.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
15-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 15 days late
2022
31-05
Financial
Liquidity doublescurrent ratio 8.59
Current ratio from 3.55 to 8.59; short-term debt falls from €780k to €342k.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kluisbergen · 1 establishment unit since 2001
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.
Nophovestraat 109690 KluisbergenGround area
2,372 m²
Building footprint
199 m²
Volume, LiDAR
1,035 m³
Parcel 45058A0349/00B000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20012.095.204.453
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45058A0349/00B000 | Flanders | 2,372 m² | 1 · 199 m² | 8.1 m · 2 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
875500S30HKKEKOD5366
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 14,228 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.