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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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FREDANCO from Oostende, company number BE0775880234, closed financial year 2025 with a result of € 63,636 after tax. For that financial year FREDANCO recorded a gross margin of € 478,018 and equity of € 409,474. Compared with financial year 2024, the result moved from € 69,156 to € 63,636. The company is profitable. 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 June 19, 2026.
€ 409,474
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 63,636
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 257,886
▲ 67% 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 € 219,474.
People and assets in 2025
€ 16,610
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.5 million
▼ 4% vs 2024
€ 400,561 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 24,378
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,138
▲ € 6,411 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 | € -9,207 | € 339,447 | € 453,962 | € 478,018 | ▲ 5% |
| Profit after taxes | € -11,696 | € 98,378 | € 69,156 | € 63,636 | ▼ 8% |
| Equity | € 178,304 | € 276,682 | € 345,838 | € 409,474 | ▲ 18% |
| Total debts | € 4,371,673 | € 6,067,300 | € 5,725,555 | € 5,484,395 | ▼ 4% |
| Cash | € 4,313 | € 39,487 | € 153,970 | € 257,886 | ▲ 67% |
| Land & buildings | € 1,376,408 | € 4,676,794 | € 4,503,786 | € 4,330,278 | ▼ 4% |
| Retained profit | € -11,696 | € 86,682 | € 155,838 | € 219,474 | ▲ 41% |
| Bank debt | € 4,079,176 | € 5,912,000 | € 5,673,329 | € 5,451,880 | ▼ 4% |
| Balance sheet total | € 4,549,977 | € 6,343,982 | € 6,071,393 | € 5,893,870 | ▼ 3% |
Key figures of FREDANCO, 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 FREDANCO?
What happened at FREDANCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 63,636 (▼ 8% vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
- FREDERIK SANDERS became a director. NBB
- ANNELEEN SANDERS became a director. NBB
In short
From € 11,696 loss in 2022 to € 63,636 profit in 2025.
Best year ever: 2023, with € 98,378 profit.
Management
Behind FREDANCO are FREDERIK SANDERS and ANNELEEN SANDERS. The same people are also behind VICTRI.
Establishments
Establishment units
Physical locations of this company
John Cordierlaan 21
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0775.880.234
- VAT number
- BE 0775.880.234
- Registered office
- John Cordierlaan 21, 8400 Oostende
- Names & denominations
- FREDANCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 October 2021
- Peppol
- Active · Active since 24 Feb 2026
- Activities · NACE
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