Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FRESIM from Liège, company number BE0442082448, closed financial year 2025 with a result of € -10,886 after tax. For that financial year FRESIM recorded a gross margin of € 23,534 and equity of € 114,923. Compared with financial year 2024, the result moved from € -23,671 to € -10,886. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 11, 2026.
€ 114,923
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,886
▲ 54 % less loss than in 2024
Profit after tax over the fiscal year.
€ 41,712
▲ € 33,604 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 49,923.
People and assets in 2025
€ 397
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 134,251
▼ 11% vs 2024
Of which on lease € 110,282.
Debts at end 2025
€ 11,176
▼ 40% vs 2024
€ 7,823 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 10,189
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,467
▼ 47% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,638 | € 200,203 | € 23,558 | € 23,534 | |
| Profit after taxes | € -3,489 | € 134,776 | € -23,671 | € -10,886 | ▲ € 12,784 |
| Equity | € 46,504 | € 172,280 | € 125,809 | € 114,923 | ▼ 9% |
| Total debts | € 53,452 | € 93,030 | € 111,960 | € 106,482 | ▼ 5% |
| Cash | € 4,995 | € 153,610 | € 8,108 | € 41,712 | ▲ € 33,604 |
| Land & buildings | € 64,875 | € 1,052 | € 1,052 | € 1,052 | |
| Retained profit | € -18,496 | € 107,280 | € 60,809 | € 49,923 | ▼ 18% |
| Dividend | € 0 | € 9,000 | € 22,800 | € 0 | ▼ 100% |
| Bank debt | € 16,000 | € 31,250 | € 18,693 | € 11,176 | ▼ 40% |
| Balance sheet total | € 116,122 | € 308,104 | € 270,591 | € 251,869 | ▼ 7% |
Key figures of FRESIM, 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 FRESIM?
What happened at FRESIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thierry REIP stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10,887. Source: NBB ↗
- Thierry REIP became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,489 loss in 2022 to € 10,887 loss in 2025.
Paid € 26,043 in corporate taxes since 2022.
Best year ever: 2023, with € 134,776 profit.
Paid out € 31,800 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Boulevard Frère-Orban 19 box 10/1
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Frianda
€ 448,753 gross margin · 2025
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€ 0 revenue · 2025
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€ 8,164 gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.082.448
- VAT number
- BE 0442.082.448
- Registered office
- Boulevard Frère-Orban 19 bus 10/1, 4000 Liège
- Names & denominations
- FRESIM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1990
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
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Overige recreatie- en ontspanningsactiviteiten, neg
Groothandel in andere machines en werktuigen, neg
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Groothandel in andere machines en werktuigen, n.e.g.