BEL - FRITS
ActiveSummary
BEL - FRITS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.08M and a net result of €539k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 651 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+7
Solvency67▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.08 in 2023; short-term debt: 37.7% and cash: 11.4% of total assets), and 58.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
41.6%
Return on assets
20.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
14 d late
2022
18 d late
2021
51 d early
2020
33 d early
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€539k▲ 67.2%
2023 · €322k
2018: €146k
2019: €183k
2020: €204k
2021: €178k
2022: €225k
2023: €322k
2018 → 2024
Working capital
€317k▲ 403%
2023 · €63k
2018: €128k
2019: €192k
2020: €97k
2021: €149k
2022: €134k
2023: €63k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€529k-€608k▲ 15.0%€668k▲ 9.8%€791k▲ 18.3%€1.08M▲ 36.5%
Operating result€269k-€229k▼ 14.9%€318k▲ 39.3%€450k▲ 41.2%€748k▲ 66.3%
Net result€204k-€178k▼ 12.8%€225k▲ 26.7%€322k▲ 43.2%€539k▲ 67.2%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 66% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.59M
Fixed assets
€1.30M ▲ 4.4%
Current assets
€1.30M ▲ 49.1%
Equity and liabilities €2.59M
Equity
€1.08M ▲ 36.5%
Debt
€1.51M ▲ 14.6%
Debt's share of the balance-sheet total falls from 62.6% to 58.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€916k▲
2023 · €603k
Cash flow
€707k▲
2023 · €476k
Current ratio
1.32▲
2023 · 1.08
Quick ratio
1.00▲
2023 · 0.79
Debt to equity
1.40▼
2023 · 1.67
ROE
49.9%▲
2023 · 40.8%
ROA
20.8%▲
2023 · 15.3%
Interest coverage
36.38▲
2023 · 19.03
Debt ≤ 1 year
€978k▲
2023 · €806k
Debt > 1 year
€536k▲
2023 · €509k
Income taxes
€185k▲
2023 · €115k
Staff costs
€209k▲
2023 · €193k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.11M€2.59M▲
Fixed assets21/28€1.24M€1.30M▲
Tangible fixed assets22/27€1.24M€1.30M▲
Land and buildings22€700k€686k▼
Plant, machinery and equipment23€357k€327k▼
Furniture and vehicles24€186k€285k▲
Financial fixed assets28€759€759=
Current assets29/58€869k€1.30M▲
Stocks and contracts in progress3€233k€320k▲
Stocks30/36€233k€320k▲
Amounts receivable within one year40/41€248k€342k▲
Trade receivables40€240k€293k▲
Other amounts receivable41€8k€50k▲
Current investments50/53€132k€333k▲
Cash at bank and in hand54/58€253k€297k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.59M▲
Equity10/15€791k€1.08M▲
Contributions10/11€20k€20k=
Reserves13€771k€1.06M▲
Tax-exempt reserves132€12k€12k=
Distributable reserves133€759k€1.05M▲
Amounts payable17/49€1.32M€1.51M▲
Amounts payable after more than one year17€509k€536k▲
Financial debts170/4€509k€536k▲
Amounts payable within one year42/48€806k€978k▲
Current portion of amounts payable after more than one year42€322k€362k▲
Trade debts44€206k€238k▲
Suppliers440/4€206k€238k▲
Taxes, remuneration and social security45€62k€136k▲
Taxes450/3€27k€103k▲
Remuneration and social security454/9€35k€33k▼
Other amounts payable47/48€216k€242k▲
Accrued charges and deferred income492/3€7k-
Income statement
Code20232024
Remuneration, social security and pensions62€193k€209k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153k€168k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€-1k▼
Other operating charges640/8€9k€14k▲
Non-recurring operating charges66A-€250
Gross operating margin9900€806k€1.14M▲
Operating profit (loss)9901€450k€748k▲
Financial income75/76B€19k€1k▼
Recurring financial income75€19k€1k▼
Financial charges65/66B€32k€25k▼
Recurring financial charges65€32k€25k▼
Profit (loss) for the period before taxes9903€437k€724k▲
Income taxes67/77€115k€185k▲
Profit (loss) for the period9904€322k€539k▲
Profit (loss) for the period to be appropriated9905€322k€539k▲
Appropriation of the result
Profit (loss) to be appropriated9906€326k€539k▲
Profit (loss) brought forward from the previous period14P€4k-
Transfer to equity691/2€126k€289k▲
To other reserves6921€126k€289k▲
Profit to be distributed694/7€200k€250k▲
Return on contributions (dividend)694€200k€250k▲
Social balance
Average headcount (FTE)90874.44.3▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €539k ▲67.2%
Operating result €748k, net result €539k, both a record.
31-12
Financial
Equity above €1MEq €1.08M ▲36.5%
7 profitable years in a row build equity to €1.08M.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500kEq €529k ▲14%
3 profitable years in a row build equity to €529k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuze-en-Hainaut · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Village(C.O.) 977903 Leuze-en-HainautGround area
1,260 m²
Building footprint
1,324 m²
Parcel 57019B0309/00V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Village(C.O.) 97, 7903 Leuze-en-Hainaut
since 19952.072.355.411
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57019B0309/00V000 | Wallonia | 1,260 m² | 1 · 1,324 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuze-en-Hainaut2.072.355.411
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Of 3,625 companies in sector 01130 we hold annual accounts for 789. 587 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
46381Wholesale trade
10311Manufacture of food products
47210Retail sale of fruit and vegetables
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.