ROBERT FRERES
ActiveSummary
The computed 12-month bankruptcy probability of ROBERT FRERES is 1.5% (moderate). The 2025 annual accounts show negative equity (-€93,763) and a net result of -€14,510. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 5% of 7625 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-71
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 21.71 against 48.06 in 2024; short-term debt: 3.3% and cash: 3% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-149.1%
Return on assets
-23.1%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€93,763
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
77 d early
2023
75 d early
2022
82 d early
2021
83 d early
2020
80 d early
2019
74 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 74 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 15 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€61,934
EBIT margin
3.6%
Net result
-€14,510
2024 · €1,073
Working capital
€43,434▼ 3.4%
2024 · €44,985
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€12,073▲ 118%€578▼ 95.2%€2,208▲ 282%€1,285▼ 41.8%-€14,278
Net result€11,837within the sector's middle half▲ 145%€385within the sector's middle half▼ 96.7%€2,007within the sector's middle half▲ 421%€1,073within the sector's middle half▼ 46.5%-€14,510below the sector's middle half
EBIT margin
Equity-€82,718below the sector's middle half▲ 12.5%-€82,333below the sector's middle half▲ 0.5%-€80,326below the sector's middle half▲ 2.4%-€79,253below the sector's middle half▲ 1.3%-€93,763below the sector's middle half▼ 18.3%
Total assets€67,834within the sector's middle half▼ 7.6%€62,042within the sector's middle half▼ 8.5%€61,812within the sector's middle half▼ 0.4%€51,693below the sector's middle half▼ 16.4%€62,897within the sector's middle half▲ 21.7%
Debt€150,552▼ 10.4%€144,375▼ 4.1%€142,138▼ 1.5%€130,946▼ 7.9%€156,661▲ 19.6%
Working capital€40,546within the sector's middle half▲ 6.3%€41,369within the sector's middle half▲ 2.0%€48,443within the sector's middle half▲ 17.1%€44,985within the sector's middle half▼ 7.1%€43,434within the sector's middle half▼ 3.4%
Solvency-121.9%below the sector's middle half▲ 6.8pp-132.7%below the sector's middle half▼ 10.8pp-130.0%below the sector's middle half▲ 2.8pp-153.3%below the sector's middle half▼ 23.4pp-149.1%below the sector's middle half▲ 4.2pp
Current ratio17.63above the sector's middle half▼ 5.1926.61above the sector's middle half▲ 8.9883.02above the sector's middle half▲ 56.4148.06above the sector's middle half▼ 34.9721.71above the sector's middle half▼ 26.35
Return on assets (ROA)17.4%above the sector's middle half▲ 10.9pp0.6%within the sector's middle half▼ 16.8pp3.2%within the sector's middle half▲ 2.6pp2.1%within the sector's middle half▼ 1.2pp-23.1%below the sector's middle half▼ 25.1pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14,278 after €1,285 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62,897
Fixed assets
€17,366 ▲ 202%
Current assets
€45,531 ▼ 0.9%
Equity and liabilities
Equity-€93,763
Debt€156,661
Equity is negative: debt (€156,661) exceeds the balance-sheet total (€62,897).
Key figures and ratios
EBITDA
-€7,559▼
2024 · €9,007
Cash flow
-€7,792▼
2024 · €8,795
Quick ratio
9.60▼
2024 · 17.56
Interest coverage
-107.99▼
2024 · 163.76
Debt ≤ 1 year
€2,098▲
2024 · €956
Debt > 1 year
€154,563▲
2024 · €129,990
Income taxes
€163▲
2024 · €157
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,621 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,412 | €7,705 | €7,898 | €7,722 | €6,718 | ▼ 13.0% |
| Other operating charges640/8 | - | €1,236 | €932 | €945 | €1,042 | ▲ 10.3% |
| Gross operating margin9900 | €23,338 | €9,519 | €11,039 | €9,952 | -€6,517 | ▼ 165% |
| Operating profit (loss)9901 | €12,073 | €578 | €2,208 | €1,285 | -€14,278 | ▼ 1,211% |
| Financial charges65/66B | - | €54 | €55 | €55 | €70 | ▲ 27.3% |
| Recurring financial charges65 | €48 | €54 | €55 | €55 | €70 | ▲ 27.3% |
| Profit (loss) for the period before taxes9903 | €12,025 | €524 | €2,154 | €1,230 | -€14,348 | ▼ 1,267% |
| Income taxes67/77 | €188 | €139 | €147 | €157 | €163 | ▲ 3.5% |
| Profit (loss) for the period9904 | €11,837 | €385 | €2,007 | €1,073 | -€14,510 | ▼ 1,452% |
| Profit (loss) for the period to be appropriated9905 | €11,837 | €385 | €2,007 | €1,073 | -€14,510 | ▼ 1,452% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,834 | €62,042 | €61,812 | €51,693 | €62,897 | ▲ 21.7% |
| Fixed assets21/28 | €24,849 | €19,058 | €12,778 | €5,752 | €17,366 | ▲ 202% |
| Tangible fixed assets22/27 | €24,849 | €19,058 | €12,778 | €5,752 | €17,366 | ▲ 202% |
| Land and buildings22 | - | €308 | €154 | - | - | - |
| Plant, machinery and equipment23 | - | €5,661 | €3,605 | €2,441 | €4,541 | ▲ 86.1% |
| Furniture and vehicles24 | - | €13,089 | €9,019 | €3,311 | €12,825 | ▲ 287% |
| Current assets29/58 | €42,985 | €42,984 | €49,034 | €45,941 | €45,531 | ▼ 0.9% |
| Stocks and contracts in progress3 | €18,452 | €22,086 | €26,967 | €29,157 | €25,402 | ▼ 12.9% |
| Stocks30/36 | - | €22,086 | €26,967 | €29,157 | €25,402 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €14,885 | €13,436 | €19,429 | €13,187 | €16,084 | ▲ 22.0% |
| Trade receivables40 | - | €13,305 | €14,286 | €12,179 | €14,354 | ▲ 17.9% |
| Other amounts receivable41 | - | €130 | €5,142 | €1,007 | €1,730 | ▲ 71.7% |
| Cash at bank and in hand54/58 | €7,975 | €5,811 | €914 | €2,772 | €1,868 | ▼ 32.6% |
| Deferred charges and accrued income490/1 | - | €1,652 | €1,724 | €825 | €2,178 | ▲ 164% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,834 | €62,042 | €61,812 | €51,693 | €62,897 | ▲ 21.7% |
| Equity10/15 | -€82,718 | -€82,333 | -€80,326 | -€79,253 | -€93,763 | ▼ 18.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €335 | €335 | €335 | €335 | €335 | = |
| Non-distributable reserves130/1 | - | €335 | €335 | - | - | - |
| Reserves not available under the articles1311 | - | €335 | €335 | - | - | - |
| Distributable reserves133 | - | - | - | €335 | €335 | = |
| Profit (loss) carried forward14 | -€101,653 | -€101,268 | -€99,261 | -€98,188 | -€112,698 | ▼ 14.8% |
| Amounts payable17/49 | €150,552 | €144,375 | €142,138 | €130,946 | €156,661 | ▲ 19.6% |
| Amounts payable after more than one year17 | €148,113 | €142,760 | €141,547 | €129,990 | €154,563 | ▲ 18.9% |
| Other amounts payable178/9 | - | €142,760 | €141,547 | €129,990 | €154,563 | ▲ 18.9% |
| Amounts payable within one year42/48 | €2,438 | €1,615 | €591 | €956 | €2,098 | ▲ 119% |
| Trade debts44 | €2,251 | €1,615 | €570 | €949 | €2,095 | ▲ 121% |
| Suppliers440/4 | - | €1,615 | €570 | €949 | €2,095 | ▲ 121% |
| Taxes, remuneration and social security45 | - | - | €20 | €7 | €3 | ▼ 64.3% |
| Taxes450/3 | - | - | €20 | €7 | €3 | ▼ 64.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,837 | €385 | €2,007 | €1,073 | -€14,510 | ▼ 1,452% |
| + Depreciation and write-downs630 | €10,412 | €7,705 | €7,898 | €7,722 | €6,718 | ▼ 13.0% |
| Operating cash flow (approximation) | €22,249 | €8,090 | €9,905 | €8,795 | -€7,792 | ▼ 189% |
| Investment in fixed assets (approximation) | - | -€1,914 | -€1,618 | -€696 | -€18,332 | ▼ 2,535% |
| Change in cash | - | -€2,164 | -€4,897 | €1,858 | -€904 | ▼ 149% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€14,510
Net result drops to -€14,510, the lowest in the series.
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 83.02
Current ratio from 26.61 to 83.02; short-term debt falls from €1,615 to €591.
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €11,837 ▲145%
Operating result €12,073, net result €11,837, both a record.
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity times 6current ratio 22.82
Current ratio from 3.57 to 22.82; short-term debt falls from €11,917 to €1,748.
2019
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Virton · 1 establishment unit since 2006
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.
Rue du 24-Août,Latour 136761 Virton1 establishment unit
ROBERT FRERES
since 20062.153.405.938
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,766 companies in this sector we hold annual accounts for 16,066. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded03-05-2006
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43990Other specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
68310Real estate agency activities
Contact
E-mail
psrobert@skynet.be
Phone
0485075943
Fax
063571051
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881077328
Also
9925:BE0881077328
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.