Frey
ActiveFrey has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.39M and a net result of €66k. Equity remains stable across the filed fiscal years (±1.2% per year). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-1
Solvency62▲+4
Growth52=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 16.21 against 17.49 in 2024), but 74% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
26%
Return on assets
0.4%
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 31-03-2026, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
100 d early
2023
97 d early
2022
124 d early
2021
90 d early
2020
99 d early
2019
94 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.39M▲ 1.1%
2024 · €4.34M
2018: €4.05M
2019: €4.11M
2020: €4.17M
2021: €4.22M
2022: €4.24M
2023: €4.29M
2024: €4.34M
2018 → 2025
Total assets
€16.92M▼ 4.9%
2024 · €17.79M
2018: €5.07M
2019: €4.91M
2020: €4.74M
2021: €4.55M
2022: €20.77M
2023: €18.64M
2024: €17.79M
2018 → 2025
Net result
€66k▼ 3.8%
2024 · €68k
2018: €70k
2019: €73k
2020: €73k
2021: €71k
2022: €33k
2023: €70k
2024: €68k
2018 → 2025
Working capital
€14.51M▼ 5.5%
2024 · €15.36M
2018: €4.07M
2019: €3.94M
2020: €3.80M
2021: €3.65M
2022: €16.98M
2023: €16.18M
2024: €15.36M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.22M-€4.24M▲ 0.4%€4.29M▲ 1.3%€4.34M▲ 1.2%€4.39M▲ 1.1%
Operating result€-29k-€-49k▼ 70.9%€-31k▲ 37.2%€-30k▲ 4.3%€-29k▲ 1.7%
Net result€71k-€33k▼ 52.9%€70k▲ 108%€68k▼ 1.6%€66k▼ 3.8%
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 €29k in 2025 against €30k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.92M
Fixed assets
€1.46M▼ 2.9%
Current assets
€15.46M▼ 5.1%
Equity and liabilities €16.92M
Equity
€4.39M▲ 1.1%
Debt
€12.53M▼ 6.8%
The debt ratio falls from 75.6% to 74.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€14k▲
2024 · €14k
Cash flow
€109k▼
2024 · €112k
Solvency
26.0%▲
2024 · 24.4%
Current ratio
16.21▼
2024 · 17.49
Quick ratio
16.21▼
2024 · 17.49
Debt / equity
2.85▼
2024 · 3.10
ROE
1.5%▼
2024 · 1.6%
ROA
0.4%▲
2024 · 0.4%
Interest coverage
0.05▲
2024 · 0.04
Debt
€12.53M▼
2024 · €13.45M
Debt ≤ 1 year
€953k▲
2024 · €931k
Debt > 1 year
€11.58M▼
2024 · €12.52M
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€17.79M€16.92M▼
Fixed assets21/28€1.51M€1.46M▼
Tangible fixed assets22/27€1.51M€1.46M▼
Land and buildings22€1.51M€1.46M▼
Current assets29/58€16.29M€15.46M▼
Amounts receivable after more than one year29€14.41M€13.40M▼
Other amounts receivable291€14.41M€13.40M▼
Amounts receivable within one year40/41€990k€1.02M▲
Other amounts receivable41€990k€1.02M▲
Cash at bank and in hand54/58€884k€1.05M▲
Equity and liabilities
Total equity and liabilities10/49€17.79M€16.92M▼
Equity10/15€4.34M€4.39M▲
Contributions10/11€463k€463k=
Capital10€463k€463k=
Profit (loss) carried forward14€3.71M€3.78M▲
Investment grants15€167k€151k▼
Amounts payable17/49€13.45M€12.53M▼
Amounts payable after more than one year17€12.52M€11.58M▼
Financial debts170/4€12.52M€11.58M▼
Amounts payable within one year42/48€931k€953k▲
Current portion of amounts payable after more than one year42€919k€942k▲
Trade debts44€12k€12k▲
Suppliers440/4€12k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€43k=
Other operating charges640/8€4k€4k▲
Gross operating margin9900€18k€19k▲
Operating profit (loss)9901€-30k€-29k▲
Financial income75/76B€431k€406k▼
Recurring financial income75€431k€406k▼
Financial charges65/66B€333k€311k▼
Recurring financial charges65€333k€311k▼
Profit (loss) for the period before taxes9903€68k€66k▼
Profit (loss) for the period9904€68k€66k▼
Profit (loss) for the period to be appropriated9905€68k€66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.71M€3.78M▲
Profit (loss) brought forward from the previous period14P€3.64M€3.71M▲
The notes to these accounts (8 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 18.76
Current ratio from 8.75 to 18.76; short-term debt falls from €2.19M to €911k.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €33k ▼52.9%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €73k ▲5.3%
Operating result €-27k, net result €73k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-02-2025
Tomas Legrand: Resigned as Daily management
26-09-2022
Veeckman Johan: Resigned as Director
Location & real-estate footprint
Registered office, Gent
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.
Hoogpoort 159000 GentGround area
3,679 m²
Building footprint
218 m²
Volume, LiDAR
2,827 m³
Parcel 44802B1698/00H000, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1698/00H000 | Flanders | 3,679 m² | 1 · 218 m² | 15.7 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded09-05-1995
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.