FREGUCO
ActiveFREGUCO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €39k. Equity is shrinking by ~21% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency9▼-29
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.73 in 2024), and 98.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
1.9%
Return on assets
7.4%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10242 sector peers (2025).
NBB · sector comparisonPosition among 10242 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
6 d early
2023
14 d early
2022
34 d early
2021
157 d early
2020
1 d early
2019
68 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.29M
EBIT margin
3.1%
Net result
€39k
2024 · €-153k
2018: €12k
2019: €-22k
2020: €-45k
2021: €20k
2022: €-55k
2023: €22k
2024: €-153k
2018 → 2025
Working capital
€-57k▲ 53.7%
2024 · €-122k
2018: €51k
2019: €50k
2020: €42k
2021: €37k
2022: €-66k
2023: €38k
2024: €-122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.29M-
Equity€162k-€105k▼ 35.2%€127k▲ 20.9%€-29k€10k
Operating result€40k-€-41k€55k€-139k€54k
Net result€20k-€-55k€22k€-153k€39k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €54k after a loss of €139k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €531k
Fixed assets
€169k▼ 25.1%
Current assets
€362k▲ 11.8%
Equity and liabilities €531k
Equity
€10k
Debt
€521k
Debt finances 98.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€120k▲
2024 · €-101k
Cash flow
€105k▲
2024 · €-115k
Solvency
1.9%▲
2024 · -5.4%
Current ratio
0.86▲
2024 · 0.73
Quick ratio
0.86▲
2024 · 0.11
Debt / equity
52.56▲
2024 · -19.63
ROE
397.4%▼
2024 · 519.6%
ROA
7.4%▲
2024 · -27.9%
Interest coverage
7.21▲
2024 · -6.36
Debt
€521k▼
2024 · €579k
Debt ≤ 1 year
€419k▼
2024 · €446k
Debt > 1 year
€102k▼
2024 · €132k
Income taxes
€0▼
2024 · €206
Staff costs
€18k▼
2024 · €28k
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€549k€531k▼
Fixed assets21/28€225k€169k▼
Tangible fixed assets22/27€225k€169k▼
Land and buildings22€171k€155k▼
Plant, machinery and equipment23€8k€0▼
Furniture and vehicles24€47k€14k▼
Current assets29/58€324k€362k▲
Stocks and contracts in progress3€274k€0▼
Stocks30/36€274k€0▼
Amounts receivable within one year40/41€42k€354k▲
Trade receivables40€42k€99k▲
Other amounts receivable41-€255k
Cash at bank and in hand54/58€7k€4k▼
Deferred charges and accrued income490/1€387€4k▲
Equity and liabilities
Total equity and liabilities10/49€549k€531k▼
Equity10/15€-29k€10k▲
Contributions10/11€214k€214k=
Outside capital11€214k€214k=
Other1109/19€214k€214k=
Reserves13€21k€21k=
Non-distributable reserves130/1€21k€21k=
Reserves not available under the articles1311€21k€21k=
Profit (loss) carried forward14€-265k€-225k▲
Amounts payable17/49€579k€521k▼
Amounts payable after more than one year17€132k€102k▼
Financial debts170/4€132k€102k▼
Amounts payable within one year42/48€446k€419k▼
Current portion of amounts payable after more than one year42€29k€30k▲
Financial debts43€0€29k▲
Credit institutions430/8€0€29k▲
Trade debts44€33k€0▼
Suppliers440/4€33k€0▼
Taxes, remuneration and social security45€66k€61k▼
Taxes450/3€65k€61k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€318k€299k▼
Income statement
Code20242025
Remuneration, social security and pensions62€28k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€66k▲
Other operating charges640/8€12k€9k▼
Gross operating margin9900€-61k€147k▲
Operating profit (loss)9901€-139k€54k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€16k€17k▲
Recurring financial charges65€16k€17k▲
Profit (loss) for the period before taxes9903€-153k€39k▲
Income taxes67/77€206€0▼
Profit (loss) for the period9904€-153k€39k▲
Profit (loss) for the period to be appropriated9905€-153k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-262k€-225k▲
Profit (loss) brought forward from the previous period14P€-108k€-265k▼
Profit to be distributed694/7€3k€0▼
Return on contributions (dividend)694€3k€0▼
Social balance
Average headcount (FTE)90870.50.0▼
The notes to these accounts (15 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-153k ▼799%
Net result drops to €-153k, the lowest in the series; recovery starts the following year.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-09
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
30-09
Financial
Equity above €150kEq €162k ▲12.1%
Equity rises from €145k to €162k.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 171 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 44 days late
2017
20-03
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.
12-12-2025
SANDUC, Christian: Resigned as Director
26-02-2021
DE SMEDT FREDDY: Resigned as Managing director
26-02-2021
DE SMEDT FREDDY: Resigned as Daily management
Location & real-estate footprint
Registered office, Willebroek · 1 establishment unit since 1990
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.
August Van Landeghemstraat 932830 WillebroekGround area
416 m²
Building footprint
416 m²
Volume, LiDAR
3,359 m³
Parcel 12040A0899/00E000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FREGUCO
since 19902.047.100.569
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12040A0899/00E000 | Flanders | 416 m² | 1 · 416 m² | 12.4 m · 3 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.
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Of 528 companies in sector 47530 we hold annual accounts for 320. 140 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1989
Fiscal year end30-09
Activities, NACEBEL
47530Retail trade
52486
Sources
Crossroads Bank for EnterprisesNational Bank · 36 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.
Contact details
1 entryE-mail:cristian@onlinetapijten.be