Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 1.7 to 1.
Financials
Financial year 2025
FREQUENCE M. from Liège, company number BE0433561195, closed financial year 2025 with a result of € 76,330 after tax. For that financial year FREQUENCE M. recorded a gross margin of € 270,240 and equity of € 90,793. Compared with financial year 2024, the result moved from € -29,823 to € 76,330. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 90,793
▲ € 76,330 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 76,330
▲ still € 29,823 loss in 2024
Profit after tax over the fiscal year.
€ 7,381
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -58,082.
People and assets in 2025
1
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 55,527
▼ 25% vs 2024
€ 55,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,327
▼ 79% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 16% vs 2024
€ 118,980 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 7,411
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,166
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 888,269 | € 171,930 | € 234,633 | € 270,240 | ▲ 15% |
| Profit after taxes | € 287,537 | € -85,155 | € -29,823 | € 76,330 | ▲ € 106,152 |
| Equity | € 129,441 | € 44,286 | € 14,464 | € 90,793 | ▲ € 76,330 |
| Total debts | € 2,052,005 | € 2,017,948 | € 2,049,921 | € 1,857,317 | ▼ 9% |
| Cash | € 31,347 | € 4,909 | € 15,771 | € 7,381 | ▼ 53% |
| Land & buildings | € 1,527,361 | € 1,475,702 | € 1,404,876 | € 1,277,958 | ▼ 9% |
| Retained profit | € -19,434 | € -104,589 | € -134,411 | € -58,082 | ▲ € 76,330 |
| Bank debt | € 1,340,678 | € 1,215,833 | € 1,205,572 | € 1,008,962 | ▼ 16% |
| Balance sheet total | € 2,181,446 | € 2,062,234 | € 2,064,385 | € 1,948,110 | ▼ 6% |
| Employees (FTE) | 2.2 | 1.7 | 1.4 | 1 | ▼ 0.4 |
Key figures of FREQUENCE M., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FREQUENCE M.?
What happened at FREQUENCE M. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ISABELLE VERVLOET stepped down as director. NBB
- ADRIEN LEMINEUR stepped down as director. NBB
- VINCENT LEMINEUR stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 76,330. Source: NBB ↗
- ISABELLE VERVLOET became a director. NBB
- ADRIEN LEMINEUR became a director. NBB
- VINCENT LEMINEUR became a director. NBB
- New establishment in Liège. KBO
In short
From € 287,537 profit in 2022 to € 76,330 profit in 2025.
Paid € 2,166 in corporate taxes since 2022.
Best year ever: 2022, with € 287,537 profit.
On average € 270,200 of value added per employee in 2025.
A new publication or filing at FREQUENCE M.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
ISABELLE VERVLOET
Managing director
since 2025 · until 2030
ADRIEN LEMINEUR
Managing director
since 2025 · until 2030
VINCENT LEMINEUR
Managing director
since 2025 · until 2030
Establishments
Establishment units
Physical locations of this company
Boulevard d'Avroy 7C
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.561.195
- VAT number
- BE 0433.561.195
- Registered office
- Boulevard d'Avroy 7C, 4000 Liège
- Names & denominations
- FREQUENCE M.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 1988
- Peppol
- Active · Active since 1 Sept 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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