FREYANCE
ActiveSummary
FREYANCE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of €1.2m. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+22
Solvency76▼-24
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity short (current ratio 0.28 against 5.05 in 2024; short-term debt: 17.9% and cash: 0.3% of total assets), and 49% of the assets are financed with debt.
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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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
51%
Return on assets
20.3%
Age of the figures
9 mo
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
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 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2024
100 d early
2023
120 d early
2022
110 d early
2021
24 d early
2020
114 d early
2019
87 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 94 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 20 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3.0m▲ 42.3%
2024 · €2.1m
Total assets
€6.0m▲ 134%
2024 · €2.6m
Net result
€1.2m▲ 1,611%
2024 · €70,681
Working capital
-€767,500
2024 · €805,191
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€522,938▼ 14.5%€571,904▲ 9.4%€73,071▼ 87.2%€79,486▲ 8.8%€1.7m▲ 2,003%
Net result€353,853above the sector's middle half▼ 14.5%€384,826above the sector's middle half▲ 8.8%€62,324within the sector's middle half▼ 83.8%€70,681above the sector's middle half▲ 13.4%€1.2mabove the sector's middle half▲ 1,611%
Equity€1.8mabove the sector's middle half▲ 13.2%€2.2mabove the sector's middle half▲ 21.1%€2.2mabove the sector's middle half▼ 2.3%€2.1mabove the sector's middle half▼ 0.8%€3.0mabove the sector's middle half▲ 42.3%
Total assets€2.5mabove the sector's middle half▲ 17.6%€2.6mwithin the sector's middle half▲ 6.6%€2.6mwithin the sector's middle half▼ 2.3%€2.6mabove the sector's middle half▼ 0.7%€6.0mabove the sector's middle half▲ 134%
Debt€649,352▲ 32.3%€427,947▼ 34.1%€417,040▼ 2.5%€414,699▼ 0.6%€2.9m▲ 605%
Working capital€483,300above the sector's middle half▲ 25.3%€873,252above the sector's middle half▲ 80.7%€796,710above the sector's middle half▼ 8.8%€805,191above the sector's middle half▲ 1.1%-€767,500below the sector's middle half
Solvency73.7%within the sector's middle half▼ 2.9pp83.7%above the sector's middle half▲ 10.0pp83.8%above the sector's middle half=83.8%above the sector's middle half=51.0%within the sector's middle half▼ 32.7pp
Current ratio2.26within the sector's middle half▼ 0.605.81above the sector's middle half▲ 3.555.26above the sector's middle half▼ 0.555.05above the sector's middle half▼ 0.210.28below the sector's middle half▼ 4.77
Return on assets (ROA)14.3%within the sector's middle half▼ 5.4pp14.6%above the sector's middle half▲ 0.3pp2.4%within the sector's middle half▼ 12.2pp2.8%within the sector's middle half▲ 0.3pp20.3%within the sector's middle half▲ 17.5pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,003% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.0m
Fixed assets
€5.7m ▲ 266%
Current assets
€300,038 ▼ 70.1%
Equity and liabilities €6.0m
Equity
€3.0m ▲ 42.3%
Debt
€2.9m ▲ 605%
Debt's share of the balance-sheet total rises from 16.2% to 49.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.7m▲
2024 · €142,874
Cash flow
€1.2m▲
2024 · €134,070
Debt to equity
0.96▲
2024 · 0.19
ROE
39.7%▲
2024 · 3.3%
Interest coverage
29.50▲
2024 · 16.03
Debt ≤ 1 year
€1.1m▲
2024 · €198,805
Debt > 1 year
€1.8m▲
2024 · €208,907
Income taxes
€412,298▲
2024 · €29,869
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,708 | €0 | - | - | €3,396 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88,912 | €54,603 | €60,482 | €63,389 | €14,515 | ▼ 77.1% |
| Other operating charges640/8 | €3,367 | €4,224 | €5,533 | €5,061 | €18,986 | ▲ 275% |
| Non-recurring operating charges66A | €1,444 | €0 | - | - | €80,409 | - |
| Gross operating margin9900 | €616,661 | €630,731 | €139,085 | €147,935 | €1.8m | ▲ 1,107% |
| Operating profit (loss)9901 | €522,938 | €571,904 | €73,071 | €79,486 | €1.7m | ▲ 2,003% |
| Financial income75/76B | €4,545 | €3,106 | €20,060 | €29,974 | €7,366 | ▼ 75.4% |
| Recurring financial income75 | €4,545 | €3,106 | €20,060 | €29,974 | €7,366 | ▼ 75.4% |
| Financial charges65/66B | €5,872 | €5,720 | €6,388 | €8,911 | €57,153 | ▲ 541% |
| Recurring financial charges65 | €5,872 | €5,720 | €6,388 | €8,911 | €57,153 | ▲ 541% |
| Profit (loss) for the period before taxes9903 | €521,611 | €569,289 | €86,743 | €100,550 | €1.6m | ▲ 1,513% |
| Income taxes67/77 | €167,758 | €184,463 | €24,419 | €29,869 | €412,298 | ▲ 1,280% |
| Profit (loss) for the period9904 | €353,853 | €384,826 | €62,324 | €70,681 | €1.2m | ▲ 1,611% |
| Transfer from tax-exempt reserves789 | €11,000 | €89,000 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €364,853 | €473,826 | €62,324 | €70,681 | €1.2m | ▲ 1,611% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.6m | €2.6m | €2.6m | €6.0m | ▲ 134% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.6m | €1.5m | €5.7m | ▲ 266% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €601,953 | €578,433 | €588,028 | €548,833 | €166,913 | ▼ 69.6% |
| Land and buildings22 | €600,822 | €577,998 | €585,409 | €543,748 | €166,913 | ▼ 69.3% |
| Furniture and vehicles24 | €297 | €0 | €2,581 | €5,085 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €833 | €436 | €38 | €0 | - | - |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €5.5m | ▲ 450% |
| Current assets29/58 | €867,809 | €1.1m | €983,751 | €1.0m | €300,038 | ▼ 70.1% |
| Amounts receivable after more than one year29 | €155,280 | €158,385 | €166,766 | €175,985 | €0 | ▼ 100% |
| Other amounts receivable291 | €155,280 | €158,385 | €166,766 | €175,985 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €100,353 | €81,941 | €41,383 | €28,698 | €27,225 | ▼ 5.1% |
| Trade receivables40 | €21,780 | €21,780 | €23,945 | €21,780 | €27,225 | ▲ 25.0% |
| Other amounts receivable41 | €78,573 | €60,161 | €17,438 | €6,918 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €675,000 | €435,000 | €250,000 | ▼ 42.5% |
| Cash at bank and in hand54/58 | €607,841 | €813,395 | €95,837 | €358,107 | €20,300 | ▼ 94.3% |
| Deferred charges and accrued income490/1 | €4,335 | €1,028 | €4,765 | €6,206 | €2,513 | ▼ 59.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.6m | €2.6m | €2.6m | €6.0m | ▲ 134% |
| Equity10/15 | €1.8m | €2.2m | €2.2m | €2.1m | €3.0m | ▲ 42.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1.8m | €2.2m | €2.1m | €2.1m | €3.0m | ▲ 42.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Other1319 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €89,000 | €0 | - | - | - | - |
| Distributable reserves133 | €1.7m | €2.2m | €2.1m | €2.1m | €3.0m | ▲ 42.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €649,352 | €427,947 | €417,040 | €414,699 | €2.9m | ▲ 605% |
| Amounts payable after more than one year17 | €264,843 | €246,450 | €227,809 | €208,907 | €1.8m | ▲ 763% |
| Financial debts170/4 | €264,843 | €246,450 | €227,809 | €208,907 | €1.8m | ▲ 763% |
| Amounts payable within one year42/48 | €384,509 | €181,498 | €187,041 | €198,805 | €1.1m | ▲ 437% |
| Current portion of amounts payable after more than one year42 | €18,144 | €18,393 | €18,640 | €18,903 | €19,163 | ▲ 1.4% |
| Trade debts44 | €4,978 | €14,919 | €17,757 | €10,068 | €6,653 | ▼ 33.9% |
| Suppliers440/4 | €4,978 | €14,919 | €17,757 | €10,068 | €6,653 | ▼ 33.9% |
| Advances received on contracts in progress46 | €17,055 | €19,092 | €27,274 | €25,915 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €101,562 | €65,828 | €27,296 | €29,514 | €71,791 | ▲ 143% |
| Taxes450/3 | €101,562 | €65,828 | €27,296 | €29,514 | €71,791 | ▲ 143% |
| Other amounts payable47/48 | €242,771 | €63,266 | €96,074 | €114,405 | €969,931 | ▲ 748% |
| Accrued charges and deferred income492/3 | - | - | €2,189 | €6,987 | €53,630 | ▲ 668% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €353,853 | €384,826 | €62,324 | €70,681 | €1.2m | ▲ 1,611% |
| + Depreciation and write-downs630 | €88,912 | €54,603 | €60,482 | €63,389 | €14,515 | ▼ 77.1% |
| Operating cash flow (approximation) | €442,765 | €439,428 | €122,805 | €134,070 | €1.2m | ▲ 813% |
| Investment in fixed assets (approximation) | - | -€31,083 | -€70,076 | -€24,194 | -€4.1m | ▼ 16,981% |
| Change in cash | - | €205,554 | -€717,558 | €262,270 | -€337,807 | ▼ 229% |
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
Next filing, fiscal year 2026, expected by
2026
18-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €1.2m ▲1,611%
Operating result €1.7m, net result €1.2m, both a record.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €62,324 ▼83.8%
Net result drops to €62,324, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.81
Current ratio from 2.26 to 5.81; short-term debt falls from €384,509 to €181,498.
31-12
Financial
Equity above €2mEq €2.2m ▲21.1%
5 profitable years in a row build equity to €2.2m.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Liquidity times 5current ratio 9.31
Current ratio from 1.98 to 9.31; short-term debt falls from €159,995 to €111,778.
31-12
Financial
Equity above €1mEq €1.2m ▲34%
2 profitable years in a row build equity to €1.2m.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2013
02-05
State Gazette act
Incorporation · Founding capital
Bank account · Corporate purpose
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Kortrijk · 1 establishment unit since 2003
Ground area
2,416 m²
Building footprint
227 m²
Volume, LiDAR
1,626 m³
Parcel 34022E0325/00E002, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wolvendreef(Kor) 12, 8500 Kortrijk
since 20032.131.475.030
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0325/00E002 | Flanders | 2,416 m² | 1 · 227 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the 2025 annual accounts of FREYANCE and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 15,720 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480220967
Also
9925:BE0480220967
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.