Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
FREDIP from La Hulpe, company number BE0463420567, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year FREDIP recorded a gross margin of € -14,753 and equity of € -1.8 million. Compared with financial year 2024, the result moved from € -320,196 to € 1.2 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2026.
€ -1.8 million
▲ € 1.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ still € 320,196 loss in 2024
Profit after tax over the fiscal year.
€ 44,109
▲ € 43,918 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 € -2.1 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,892
▲ 180% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 127,654
▼ 37% 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 | € -22,631 | € -16,968 | € -16,804 | € -14,753 | ▲ € 2,052 |
| Profit after taxes | € -192,532 | € -214,140 | € -320,196 | € 1,162,426 | ▲ € 1.5 million |
| Equity | € -2,465,087 | € -2,679,227 | € -2,999,423 | € -1,836,997 | ▲ € 1.2 million |
| Total debts | € 7,189,211 | € 7,398,015 | € 7,693,986 | € 4,662,606 | ▼ 39% |
| Cash | € 30,949 | € 25,613 | € 191 | € 44,109 | ▲ € 43,918 |
| Retained profit | € -2,712,981 | € -2,927,120 | € -3,247,317 | € -2,084,890 | ▲ € 1.2 million |
| Balance sheet total | € 4,724,124 | € 4,718,788 | € 4,694,563 | € 2,825,609 | ▼ 40% |
Key figures of FREDIP, 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 FREDIP?
What happened at FREDIP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pierre Warnier stepped down as director. NBB
- Adrian Braimer Jones stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.2 million. filed late Source: NBB ↗
- Adrian Braimer Jones became a director. NBB
- Pierre Warnier became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 192,532 loss in 2022 to € 1.2 million profit in 2025.
Paid € 126,217 in corporate taxes since 2022.
Best year ever: 2025, with € 1.2 million profit.
Management
The shares are held by Thornwood Capital SA (100%). It owns 100% of LE MAIL SCI and 100% of IMMO INVEST SCI itself.
Directors
According to the 2025 annual accounts
Adrian Braimer Jones
Managing director
since 2022 · until 2028
since 2018 · until 2029
Shareholders
Thornwood Capital SA
100%
Participations
LE MAIL SCI
100%
IMMO INVEST SCI
100%
Establishments
Establishment units
Physical locations of this company
Avenue Reine Astrid 92
1310 La Hulpe
Robert Schumanplein 11
1040 Brussel
Active since 12 June 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →ATENOR TOOLS COMPANY
€ 10,500 revenue · 2025
Immobilière de la Petite Ile
€ 58.7 million revenue · 2025
ATENOR
€ 6.2 million revenue · 2025
FIMMAC
€ -8,265 gross margin · 2025
SOCIETE D'INVESTISSEMENTS, DE GESTION ET D'ORGANISATION
€ 62,322 gross margin · 2023
+74 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0463.420.567
- VAT number
- BE 0463.420.567
- Registered office
- Avenue Reine Astrid 92, 1310 La Hulpe
- Names & denominations
- FREDIP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 1998
- Peppol
- Not registered