Robert FREDERIC
ActiveSummary
Robert FREDERIC has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €559,166 and a net result of €163,625. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-4
Solvency72▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.87 in 2024; short-term debt: 41.5% and cash: 21.3% of total assets), but 53.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
46.7%
Return on assets
13.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
27 d late
2023
on the day
2022
8 d late
2021
2 d early
2020
2 d late
2019
6 d late
← 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 14 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
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, abbreviated schema
In the rankings
#1 oldest company in Pepinster, Construction sector#4 company by total assets in Pepinster, Construction sector#5 employer in Pepinster
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€163,625▼ 16.1%
2024 · €194,908
Working capital
€483,475▲ 22.6%
2024 · €394,221
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€133,442▲ 989%€24,144▼ 81.9%€107,492▲ 345%€259,182▲ 141%€215,916▼ 16.7%
Net result€123,509above the sector's middle half▲ 6,081%€23,733within the sector's middle half▼ 80.8%€82,110within the sector's middle half▲ 246%€194,908above the sector's middle half▲ 137%€163,625above the sector's middle half▼ 16.1%
Equity€329,791within the sector's middle half▲ 33.9%€353,780within the sector's middle half▲ 7.3%€400,794within the sector's middle half▲ 13.3%€495,604within the sector's middle half▲ 23.7%€559,166within the sector's middle half▲ 12.8%
Total assets€1.0mwithin the sector's middle half▲ 11.7%€1.1mwithin the sector's middle half▲ 7.1%€1.2mwithin the sector's middle half▲ 8.2%€1.1mwithin the sector's middle half▼ 3.3%€1.2mwithin the sector's middle half▲ 5.1%
Debt€686,555▲ 3.6%€734,997▲ 7.1%€777,241▲ 5.7%€643,346▼ 17.2%€637,927▼ 0.8%
Working capital€275,298▲ 25.7%€278,206▲ 1.1%€317,586▲ 14.2%€394,221▲ 24.1%€483,475▲ 22.6%
Solvency32.4%within the sector's middle half▲ 5.4pp32.5%within the sector's middle half=34.0%within the sector's middle half▲ 1.5pp43.5%within the sector's middle half▲ 9.5pp46.7%within the sector's middle half▲ 3.2pp
Staff (FTE)15.4within the sector's middle half▲ 7.7%16.3within the sector's middle half▲ 5.8%16.6within the sector's middle half▲ 1.8%19within the sector's middle half▲ 14.5%19above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€217,190 ▼ 25.7%
Current assets
€979,903 ▲ 15.8%
Equity and liabilities €1.2m
Equity
€559,166 ▲ 12.8%
Debt
€637,927 ▼ 0.8%
Debt's share of the balance-sheet total falls from 56.5% to 53.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€292,342▼
2024 · €324,731
Cash flow
€240,051▼
2024 · €260,457
Current ratio
1.97▲
2024 · 1.87
Quick ratio
1.75▲
2024 · 1.73
Debt to equity
1.14▼
2024 · 1.30
ROE
29.3%▼
2024 · 39.3%
ROA
13.7%▼
2024 · 17.1%
Interest coverage
34.76▲
2024 · 30.75
Debt ≤ 1 year
€496,429▲
2024 · €452,229
Debt > 1 year
€138,000▼
2024 · €187,619
Income taxes
€46,969▼
2024 · €54,827
Staff costs
€881,102▼
2024 · €909,379
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,000 | €13,227 | €550 | €0 | - | - |
| Remuneration, social security and pensions62 | €649,957 | €736,601 | €820,319 | €909,379 | €881,102 | ▼ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,681 | €54,677 | €39,039 | €65,550 | €76,426 | ▲ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €13,300 | -€10,000 | €8,478 | -€6,610 | -€60 | ▲ 99.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€1,190 | - | - | - | - | - |
| Other operating charges640/8 | €4,588 | €7,857 | €3,292 | €11,904 | €3,476 | ▼ 70.8% |
| Non-recurring operating charges66A | €2,071 | - | - | €975 | €0 | ▼ 100% |
| Gross operating margin9900 | €860,850 | €813,280 | €978,620 | €1.2m | €1.2m | ▼ 5.1% |
| Operating profit (loss)9901 | €133,442 | €24,144 | €107,492 | €259,182 | €215,916 | ▼ 16.7% |
| Financial income75/76B | €2,324 | €7,595 | €673 | €1,112 | €3,088 | ▲ 178% |
| Recurring financial income75 | €2,324 | €7,595 | €673 | €1,112 | €3,088 | ▲ 178% |
| Financial charges65/66B | €10,575 | €7,861 | €11,345 | €10,559 | €8,411 | ▼ 20.3% |
| Recurring financial charges65 | €10,575 | €7,861 | €11,345 | €10,559 | €8,411 | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | €125,191 | €23,878 | €96,820 | €249,735 | €210,593 | ▼ 15.7% |
| Income taxes67/77 | €1,682 | €145 | €14,710 | €54,827 | €46,969 | ▼ 14.3% |
| Profit (loss) for the period9904 | €123,509 | €23,733 | €82,110 | €194,908 | €163,625 | ▼ 16.1% |
| Transfer from tax-exempt reserves789 | €15,416 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €138,926 | €23,733 | €82,110 | €194,908 | €163,625 | ▼ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.1m | €1.2m | €1.1m | €1.2m | ▲ 5.1% |
| Fixed assets21/28 | €145,759 | €154,002 | €186,763 | €292,500 | €217,190 | ▼ 25.7% |
| Tangible fixed assets22/27 | €96,172 | €111,473 | €151,274 | €253,296 | €176,870 | ▼ 30.2% |
| Land and buildings22 | €965 | €772 | - | - | - | - |
| Plant, machinery and equipment23 | €39,177 | €50,227 | €54,805 | €181,976 | €133,565 | ▼ 26.6% |
| Furniture and vehicles24 | €56,031 | €60,474 | €93,556 | €68,840 | €41,258 | ▼ 40.1% |
| Other tangible fixed assets26 | - | - | €2,913 | €2,480 | €2,047 | ▼ 17.5% |
| Financial fixed assets28 | €49,587 | €42,529 | €35,490 | €39,205 | €40,320 | ▲ 2.8% |
| Current assets29/58 | €870,587 | €934,775 | €991,271 | €846,450 | €979,903 | ▲ 15.8% |
| Stocks and contracts in progress3 | €78,765 | €94,542 | €96,324 | €62,853 | €110,400 | ▲ 75.6% |
| Stocks30/36 | €78,765 | €94,542 | €96,324 | €62,853 | €110,400 | ▲ 75.6% |
| Amounts receivable within one year40/41 | €500,846 | €783,994 | €823,102 | €657,805 | €589,449 | ▼ 10.4% |
| Trade receivables40 | €447,067 | €723,614 | €750,210 | €599,573 | €567,960 | ▼ 5.3% |
| Other amounts receivable41 | €53,779 | €60,379 | €72,892 | €58,232 | €21,489 | ▼ 63.1% |
| Cash at bank and in hand54/58 | €287,864 | €50,665 | €67,037 | €104,604 | €255,148 | ▲ 144% |
| Deferred charges and accrued income490/1 | €3,111 | €5,574 | €4,808 | €21,188 | €24,907 | ▲ 17.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.2m | €1.1m | €1.2m | ▲ 5.1% |
| Equity10/15 | €329,791 | €353,780 | €400,794 | €495,604 | €559,166 | ▲ 12.8% |
| Contributions10/11 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Reserves13 | €14,500 | €14,500 | €14,500 | €14,500 | €14,500 | = |
| Non-distributable reserves130/1 | €14,500 | €14,500 | - | - | - | - |
| Reserves not available under the articles1311 | €14,500 | €14,500 | - | - | - | - |
| Distributable reserves133 | - | - | €14,500 | €14,500 | €14,500 | = |
| Profit (loss) carried forward14 | €170,291 | €194,024 | €241,134 | €336,041 | €399,666 | ▲ 18.9% |
| Investment grants15 | - | €257 | €160 | €63 | €0 | ▼ 100% |
| Amounts payable17/49 | €686,555 | €734,997 | €777,241 | €643,346 | €637,927 | ▼ 0.8% |
| Amounts payable after more than one year17 | €86,891 | €73,026 | €98,544 | €187,619 | €138,000 | ▼ 26.4% |
| Financial debts170/4 | €86,891 | €73,026 | €98,544 | €187,619 | €138,000 | ▼ 26.4% |
| Amounts payable within one year42/48 | €595,289 | €656,569 | €673,685 | €452,229 | €496,429 | ▲ 9.8% |
| Current portion of amounts payable after more than one year42 | €45,913 | €39,187 | €25,449 | €51,909 | €49,824 | ▼ 4.0% |
| Financial debts43 | - | €80,000 | €90,000 | €0 | - | - |
| Credit institutions430/8 | - | €80,000 | €90,000 | €0 | - | - |
| Trade debts44 | €397,895 | €397,224 | €409,326 | €184,859 | €216,635 | ▲ 17.2% |
| Suppliers440/4 | €397,895 | €397,224 | €409,326 | €184,859 | €216,635 | ▲ 17.2% |
| Taxes, remuneration and social security45 | €42,091 | €36,480 | €52,046 | €41,756 | €70,772 | ▲ 69.5% |
| Taxes450/3 | €2,915 | €6,730 | €7,050 | €12,139 | €16,426 | ▲ 35.3% |
| Remuneration and social security454/9 | €39,176 | €29,749 | €44,997 | €29,616 | €54,345 | ▲ 83.5% |
| Other amounts payable47/48 | €109,389 | €103,678 | €96,864 | €173,705 | €159,198 | ▼ 8.4% |
| Accrued charges and deferred income492/3 | €4,375 | €5,402 | €5,012 | €3,498 | €3,498 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €123,509 | €23,733 | €82,110 | €194,908 | €163,625 | ▼ 16.1% |
| + Depreciation and write-downs630 | €58,681 | €54,677 | €39,039 | €65,550 | €76,426 | ▲ 16.6% |
| Operating cash flow (approximation) | €182,191 | €78,410 | €121,149 | €260,457 | €240,051 | ▼ 7.8% |
| Investment in fixed assets (approximation) | - | -€62,920 | -€71,800 | -€171,287 | -€1,115 | ▲ 99.3% |
| Change in cash | - | -€237,199 | €16,372 | €37,566 | €150,544 | ▲ 301% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 55 days late
2025
31-12
Financial
Equity above €500,000Eq €559,166 ▲12.8%
8 profitable years in a row build equity to €559,166.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €194,908 ▲137%
Operating result €259,182, net result €194,908, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
31-12
Financial
Weakest financial yearnet €1,998 ▼94.6%
Net result drops to €1,998, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 9 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Pepinster · 1 establishment unit since 1987
Ground area
5,884 m²
Building footprint
1,491 m²
Volume, LiDAR
9,887 m³
2 parcels, Wallonia · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Menuiserie ROBERT FREDERIC srl
since 19872.030.525.942
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0530/00C000 | Wallonia | 4,184 m² | 1 · 1,429 m² | 7.2 m · 2 fl. |
| 63083A0330/02L000 | Wallonia | 1,700 m² | 1 · 62 m² | 8.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 ownerChain of control
- MENUISERIE FREDERIC
- Robert FREDERIC
Highest known parent: MENUISERIE FREDERIC. The sources do not say who stands above it.
Owners 1
- MENUISERIE FREDERICparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
3 categoriesRobert FREDERIC SRL42368
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 5,736 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
Founded29-06-1987
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Contact
Website
menuiseriefrederic.be/Thimister-Clermont
E-mail
admin@menuiseriefrederic.beThimister-Clermont
E-mail
info@menuiseriefrederic.beThimister-Clermont
Phone
087/22.66.33Thimister-Clermont
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431492523
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.