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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Flanders' Real Estate Development from Merelbeke-Melle, company number BE0837317163, closed financial year 2025 with a result of € -113,803 after tax. For that financial year Flanders' Real Estate Development recorded a gross margin of € -73,187 and equity of € 406,053. Compared with financial year 2024, the result moved from € -192,805 to € -113,803. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 406,053
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -113,803
▲ 41 % less loss than in 2024
Profit after tax over the fiscal year.
€ 25,706
▲ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 256,053.
People and assets in 2025
0.4
Average over the fiscal year, from the social balance sheet.
€ 20,039
▼ 52% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,475
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 7% vs 2024
€ 54,382 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 93,956
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 531
▼ 94% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 415,137 | € 248,344 | € -146,465 | € -73,187 | ▲ € 73,278 |
| Profit after taxes | € 318,457 | € 178,695 | € -192,805 | € -113,803 | ▲ € 79,002 |
| Equity | € 533,967 | € 712,662 | € 519,856 | € 406,053 | ▼ 22% |
| Total debts | € 393,571 | € 568,091 | € 1,543,423 | € 1,474,855 | ▼ 4% |
| Cash | € 231,339 | € 240,700 | € 15,595 | € 25,706 | ▲ 65% |
| Retained profit | € 383,967 | € 562,662 | € 369,856 | € 256,053 | ▼ 31% |
| Bank debt | € 244,122 | € 423,806 | € 1,437,347 | € 1,336,326 | ▼ 7% |
| Balance sheet total | € 927,538 | € 1,280,752 | € 2,063,279 | € 1,880,908 | ▼ 9% |
| Employees (FTE) | - | - | - | 0.4 |
Key figures of Flanders' Real Estate Development, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Flanders' Real Estate Development?
What happened at Flanders' Real Estate Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 113,803. Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 318,457 profit in 2022 to € 113,803 loss in 2025.
Paid € 141,343 in corporate taxes since 2022.
Best year ever: 2022, with € 318,457 profit.
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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 Flanders' Real Estate Development is Frédéric Verbist. Frédéric Verbist is also behind Lionshulp, FRED-projects and MELCOL.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 246A
9090 Merelbeke-Melle
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
- 0837.317.163
- VAT number
- BE 0837.317.163
- Registered office
- Brusselsesteenweg 246A, 9090 Merelbeke-Melle
- Names & denominations
- Flanders' Real Estate Development · F.R.E.D.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2011
- Peppol
- Active · Active since 1 Jul 2026
- Activities · NACE
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