Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FRAEYE PROJECTS from Sint-Martens-Latem, company number BE0885910403, closed financial year 2025 with a result of € -652 after tax. For that financial year FRAEYE PROJECTS recorded a gross margin of € 119,406 and equity of € 586,785. Compared with financial year 2024, the result moved from € 212,629 to € -652. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 586,785
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -652
▼ still € 212,629 profit in 2024
Profit after tax over the fiscal year.
€ 73,440
▲ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 524,785.
People and assets in 2025
€ 17,036
▲ 91% 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.
€ 19,972
▼ 60% vs 2024
Of which on lease € 16,236.
Debts at end 2025
€ 22,724
▼ 54% vs 2024
Loans from banks and other lenders, long and short.
€ 17,706
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,533
▼ 68% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 448,200 | € 77,693 | € 362,360 | € 119,406 | ▼ 67% |
| Profit after taxes | € 280,376 | € -957 | € 212,629 | € -652 | ▼ € 213,281 |
| Equity | € 378,766 | € 377,809 | € 587,437 | € 586,785 | |
| Total debts | € 1,134,426 | € 1,756,640 | € 471,763 | € 448,176 | ▼ 5% |
| Cash | € 228,369 | € 175,644 | € 44,969 | € 73,440 | ▲ 63% |
| Land & buildings | € 530,226 | € 477,166 | € 457,211 | € 7,661 | ▼ 98% |
| Retained profit | € 316,766 | € 315,809 | € 525,437 | € 524,785 | |
| Dividend | € 0 | € 0 | € 3,000 | € 0 | ▼ 100% |
| Bank debt | € 763,695 | € 1,331,537 | € 49,538 | € 22,724 | ▼ 54% |
| Balance sheet total | € 1,513,192 | € 2,134,449 | € 1,059,200 | € 1,034,961 | ▼ 2% |
Key figures of FRAEYE PROJECTS, 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 FRAEYE PROJECTS?
What happened at FRAEYE PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dennis Fraeye stepped down as director. NBB
- Antoon Fraeye stepped down as director. NBB
- Jasmien Fraeye stepped down as director. NBB
- Lisa Fraeye stepped down as director. NBB
- Daphne Fraeye stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 652 (▼ € 213,281 vs 2024). Source: NBB ↗
- Dennis Fraeye became a director. NBB
- Antoon Fraeye became a director. NBB
In short
From € 280,376 profit in 2022 to € 652 loss in 2025.
Paid € 172,825 in corporate taxes since 2022.
Best year ever: 2022, with € 280,376 profit.
Paid out € 3,000 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
Directors
According to the 2025 annual accounts
Dennis Fraeye
bestuurder
Also active at: WILFRA CONCEPT & CREATION, IMMO & MANAGEMENT D'HAESE, GIXSS, WILL, Finaux
since 2022 · until 2028
Antoon Fraeye
bestuurder
since 2022 · until 2028
Jasmien Fraeye
bestuurder
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 12
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0885.910.403
- VAT number
- BE 0885.910.403
- Registered office
- Kortrijksesteenweg 12, 9830 Sint-Martens-Latem
- Names & denominations
- FRAEYE PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2006
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Detailhandel in andere huishoudelijke artikelen, neg
Detailhandel in huishoudtextiel en beddengoed
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Detailhandel in andere huishoudelijke artikelen in gespecialiseerde winkels, n.e.g.