Belfrudis
ActiveThe computed 12-month bankruptcy probability of Belfrudis is 1.5% (moderate). The 2024 annual accounts show equity of €40k and a net result of €11k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 9016 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
73
/ 100
Healthy▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency51▲+10
Growth78=
Stability100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.85 in 2023), but 76.7% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.3%
Return on assets
6.6%
Age of the figures
20 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 23-06-2025, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
36 d early
2022
31 d early
2021
33 d early
2020
37 d early
2019
24 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€40k▲ 40.0%
2023 · €29k
2019: €25k
2020: €30k
2021: €38k
2022: €16k
2023: €29k
2019 → 2024
Total assets
€173k▲ 2.6%
2023 · €168k
2019: €184k
2020: €164k
2021: €149k
2022: €166k
2023: €168k
2019 → 2024
Net result
€11k▼ 11.7%
2023 · €13k
2019: €5k
2020: €5k
2021: €9k
2022: €-23k
2023: €13k
2019 → 2024
Working capital
€59k▲ 10.3%
2023 · €53k
2019: €7k
2020: €5k
2021: €35k
2022: €54k
2023: €53k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€38k▲ 28.8%€16k▼ 59.1%€29k▲ 82.6%€40k▲ 40.0%
Operating result€21k-€20k▼ 5.7%€-18k€23k€23k▼ 1.3%
Net result€5k-€9k▲ 69.8%€-23k€13k€11k▼ 11.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173k
Fixed assets
€41k▼ 22.6%
Current assets
€132k▲ 14.0%
Equity and liabilities €173k
Equity
€40k▲ 40.0%
Debt
€132k▼ 5.1%
The debt ratio falls from 82.9% to 76.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€36k▼
2023 · €38k
Cash flow
€24k▼
2023 · €28k
Solvency
23.3%▲
2023 · 17.1%
Current ratio
1.80▼
2023 · 1.85
Quick ratio
1.80▼
2023 · 1.85
Debt / equity
3.30▼
2023 · 4.86
ROE
28.6%▼
2023 · 45.2%
ROA
6.6%▼
2023 · 7.7%
Interest coverage
8.01▲
2023 · 5.88
Debt
€132k▼
2023 · €140k
Debt ≤ 1 year
€73k▲
2023 · €63k
Debt > 1 year
€52k▼
2023 · €77k
Income taxes
€8k▲
2023 · €4k
Staff costs
€182k▲
2023 · €164k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€168k€173k▲
Fixed assets21/28€53k€41k▼
Intangible fixed assets21€36k€29k▼
Tangible fixed assets22/27€16k€12k▼
Plant, machinery and equipment23€0€920▲
Furniture and vehicles24€3k€293▼
Other tangible fixed assets26€13k€11k▼
Current assets29/58€116k€132k▲
Amounts receivable within one year40/41€88k€13k▼
Trade receivables40€84k€1k▼
Other amounts receivable41€4k€12k▲
Cash at bank and in hand54/58€25k€117k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€168k€173k▲
Equity10/15€29k€40k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€9k€20k▲
Amounts payable17/49€140k€132k▼
Amounts payable after more than one year17€77k€52k▼
Financial debts170/4€77k€52k▼
Amounts payable within one year42/48€63k€73k▲
Current portion of amounts payable after more than one year42€12k€10k▼
Trade debts44€20k€43k▲
Suppliers440/4€20k€43k▲
Taxes, remuneration and social security45€31k€20k▼
Taxes450/3€4k€0▼
Remuneration and social security454/9€27k€20k▼
Accrued charges and deferred income492/3€0€7k▲
Income statement
Code20232024
Remuneration, social security and pensions62€164k€182k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€13k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€204k€219k▲
Operating profit (loss)9901€23k€23k▼
Financial income75/76B-€395
Recurring financial income75-€395
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€17k€19k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€13k€11k▼
Profit (loss) for the period to be appropriated9905€13k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€20k▲
Profit (loss) brought forward from the previous period14P€-4k€9k▲
Social balance
Average headcount (FTE)90872.02.3▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-23k ▼364%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
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, Wijnegem · 1 establishment unit since 2018
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.
Stokerijstraat 29D2110 WijnegemGround area
2.0 ha
Building footprint
1,732 m²
Volume, LiDAR
29,708 m³
Parcel 11050B0295/00W003, Flanders · tallest building 24.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Belfrudis
since 20182.282.608.156
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0295/00W003 | Flanders | 2.0 ha | 1 · 1,732 m² | 24.0 m · 5 fl. |
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.
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DEPANNAGE FRANK HORECA
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Of 1,631 companies in sector 46170 we hold annual accounts for 660. 445 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2018
Fiscal year end31-12
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
46370Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.