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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
FRD EXCELLENCE CONSTRUCT from Charleroi, company number BE0836675082, closed financial year 2024 with a result of € -173,707 after tax. For that financial year FRD EXCELLENCE CONSTRUCT recorded a gross margin of € 183,871 and equity of € -136,486. Compared with financial year 2023, the result moved from € -2,761 to € -173,707. The company made a loss. 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 July 9, 2025.
€ -136,486
▼ € 173,707 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -173,707
▼ 6191 % more loss than in 2023
Profit after tax over the fiscal year.
€ 19,073
▲ € 16,542 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -155,086.
People and assets in 2024
5.5
▲ 2.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 137,803
▲ 26% vs 2023
€ 25,100 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.
€ 34,657
▲ € 33,954 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 152,427
▼ 6% vs 2023
€ 670 is repaid this year. At this pace the long-term loan is gone in ≈ 138 years.
€ 95,990
▲ 98% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 139,168
▲ 80% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 204,119 | € 311,024 | € 142,711 | € 183,871 | ▲ 29% |
| Profit after taxes | € 76,905 | € 13,237 | € -2,761 | € -173,707 | ▼ € 170,946 |
| Equity | € 26,745 | € 39,982 | € 37,221 | € -136,486 | ▼ € 173,707 |
| Total debts | € 375,301 | € 315,912 | € 312,089 | € 394,310 | ▲ 26% |
| Cash | € 33,637 | € 4,337 | € 2,531 | € 19,073 | ▲ € 16,542 |
| Land & buildings | € 134,341 | € 125,498 | € 118,130 | € 109,391 | ▼ 7% |
| Retained profit | € 8,145 | € 21,382 | € 18,621 | € -155,086 | ▼ € 173,707 |
| Bank debt | € 173,905 | € 166,755 | € 162,591 | € 152,427 | ▼ 6% |
| Balance sheet total | € 402,046 | € 355,894 | € 349,310 | € 257,823 | ▼ 26% |
| Employees (FTE) | - | 3 | 3 | 5.5 | ▲ 2.5 |
Key figures of FRD EXCELLENCE CONSTRUCT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to FRD EXCELLENCE CONSTRUCT?
What happened at FRD EXCELLENCE CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
FRD EXCELLENCE CONSTRUCT is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 173,707. Source: NBB ↗
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 76,905 profit in 2021 to € 173,707 loss in 2024.
Paid € 2,422 in corporate taxes since 2021.
Best year ever: 2021, with € 76,905 profit.
On average € 33,400 of value added per employee in 2024.
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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
Behind FRD EXCELLENCE CONSTRUCT are Rudy DEPASSE, Didier DEPASSE and François DEPASSE. Rudy DEPASSE is also behind ALSA CONSULTING.
Directors
According to the 2024 annual accounts
Didier DEPASSE
Manager
François DEPASSE
Manager
Establishments
Establishment units
Physical locations of this company
Rue de Soleilmont 15
6043 Charleroi
Rue François Reconnu 68
6061 Charleroi
Active since 8 June 2011
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0836.675.082
- VAT number
- BE 0836.675.082
- Registered office
- Rue de Soleilmont 15, 6043 Charleroi
- Names & denominations
- FRD EXCELLENCE CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 31 May 2011
- Peppol
- Active · Active since 12 Jun 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Algemene elektrotechnische installatiewerken