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 2024; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Late annual account NBB
Fiscal year 2024 was filed 392 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2025 was expected before 30 January 2026 and has not been filed.
Financials
Financial year 2024
FRAEYE GROUP from Kruisem, company number BE0859708327, closed financial year 2024 with a result of € 3.5 million after tax. For that financial year FRAEYE GROUP recorded revenue of € 2.8 million and equity of € 9.9 million. Compared with financial year 2023, the result moved from € 1.1 million to € 3.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 26, 2026.
€ 9.9 million
▲ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.5 million
▲ 209% vs 2023
Profit after tax over the fiscal year.
€ 431,182
▼ 47% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 2.4 million paid out
70 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
1.8
Average over the fiscal year, from the social balance sheet.
€ 130,227
▲ € 130,052 vs 2023
€ 72,300 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.
€ 18,145
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 859,524
▼ 37% vs 2023
€ 185,714 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 61,041
▲ 45% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.
€ 103,838
▲ 79% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 804,300 | € 1,994,144 | € 2,814,811 | ▲ 41% |
| Profit after taxes | € 151,521 | € 1,119,620 | € 3,464,573 | ▲ 209% |
| Equity | € 7,781,847 | € 8,901,467 | € 9,936,040 | ▲ 12% |
| Total debts | € 4,001,403 | € 4,948,547 | € 5,507,930 | ▲ 11% |
| Cash | € 331,725 | € 819,895 | € 431,182 | ▼ 47% |
| Land & buildings | € 715,620 | € 904,333 | € 1,155,633 | ▲ 28% |
| Retained profit | € 7,631,847 | € 8,751,467 | € 9,786,040 | ▲ 12% |
| Dividend | € 0 | € 0 | € 2,430,000 | |
| Bank debt | € 1,380,956 | € 1,362,754 | € 859,524 | ▼ 37% |
| Balance sheet total | € 11,783,250 | € 13,850,013 | € 15,443,970 | ▲ 12% |
| Employees (FTE) | 0.2 | 0 | 1.8 |
Key figures of FRAEYE GROUP, fiscal years 2022 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 30 January 2026.
What happened to FRAEYE GROUP?
What happened at FRAEYE GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Mike Fraeye became a director. NBB
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 151,521 profit in 2022 to € 3.5 million profit in 2024.
Paid € 922,597 in corporate taxes since 2022.
Best year ever: 2024, with € 3.5 million profit.
Paid out € 2.4 million in dividends to the owners in total.
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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 FRAEYE GROUP is Mike Fraeye. It owns 100% of Vary BV, 100% of Fraeye Invest, 100% of Carfac and 100% of Computers And Communications itself.
Directors
According to the 2024 annual accounts
Mike Fraeye
Director
Also active at: M & S, COMPUTERS AND COMMUNICATIONS, WASP, CARFAC, DIGITAL LION, FRAEYE HARDWARE GROUP, EFFIX GROUP, MOMENTUM & KO +1 more
since 2019
Establishments
Establishment units
Physical locations of this company
Leedsestraat (WAN) 20
9772 Kruisem
Ambachtsstraat 8
9700 Oudenaarde
Active since 1 January 2025
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
- 0859.708.327
- VAT number
- BE 0859.708.327
- Registered office
- Leedsestraat (WAN) 20, 9772 Kruisem
- Names & denominations
- FRAEYE GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 July 2003
- Peppol
- Active · Active since 14 Jan 2025
- Contact
- [email protected]
- Activities · NACE
Activiteiten van holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Holdings
Diverse administratieve activiteiten ten behoeve van kantoren