EMFRIE
ActiveSummary
EMFRIE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €402,830 and a net result of €52,764. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-7
Solvency46▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.18 in 2024; short-term debt: 22.6% and cash: 0.9% of total assets), and 78.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.1%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
63 d early
2024
7 d early
2023
12 d early
2022
31 d early
2021
31 d early
2020
30 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 company by total assets in Oostkamp, Accommodation and food service sector#8 company by equity in Oostkamp, Accommodation and food service sector
Equity
€402,830▲ 15.1%
2024 · €350,066
Total assets
€1.9m▲ 8.2%
2024 · €1.8m
Net result
€52,764▼ 19.6%
2024 · €65,652
Working capital
-€395,895▼ 18.4%
2024 · -€334,312
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45,288▲ 10.0%€297▼ 99.3%€103,927▲ 34,864%€116,146▲ 11.8%€102,246▼ 12.0%
Net result€26,336within the sector's middle half▼ 7.2%-€18,115below the sector's middle half€79,645above the sector's middle half€65,652above the sector's middle half▼ 17.6%€52,764above the sector's middle half▼ 19.6%
Equity€222,550above the sector's middle half▲ 13.4%€204,435above the sector's middle half▼ 8.1%€284,080above the sector's middle half▲ 39.0%€350,066above the sector's middle half▲ 23.2%€402,830above the sector's middle half▲ 15.1%
Total assets€1.3mabove the sector's middle half▲ 18.3%€1.5mabove the sector's middle half▲ 14.7%€1.7mabove the sector's middle half▲ 14.6%€1.8mabove the sector's middle half▲ 4.8%€1.9mabove the sector's middle half▲ 8.2%
Debt€1.1m▲ 19.4%€1.3m▲ 19.5%€1.4m▲ 10.7%€1.4m▲ 1.0%€1.5m▲ 6.5%
Working capital-€159,780below the sector's middle half-€345,201below the sector's middle half▼ 116%-€535,168below the sector's middle half▼ 55.0%-€334,312below the sector's middle half▲ 37.5%-€395,895below the sector's middle half▼ 18.4%
Solvency17.4%within the sector's middle half▼ 0.7pp13.9%within the sector's middle half▼ 3.5pp16.9%within the sector's middle half▲ 3.0pp19.8%within the sector's middle half▲ 3.0pp21.1%within the sector's middle half▲ 1.3pp
Current ratio0.39below the sector's middle half▼ 1.020.07below the sector's middle half▼ 0.330.11below the sector's middle half▲ 0.050.18below the sector's middle half▲ 0.070.08below the sector's middle half▼ 0.10
Return on assets (ROA)2.1%within the sector's middle half▼ 0.6pp-1.2%within the sector's middle half▼ 3.3pp4.7%within the sector's middle half▲ 6.0pp3.7%within the sector's middle half▼ 1.0pp2.8%within the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.9m ▲ 10.9%
Current assets
€36,223 ▼ 51.5%
Equity and liabilities €1.9m
Equity
€402,830 ▲ 15.1%
Debt
€1.5m ▲ 6.5%
Debt's share of the balance-sheet total falls from 80.2% to 78.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€228,811▼
2024 · €229,193
Cash flow
€179,329▲
2024 · €178,700
Quick ratio
0.07▼
2024 · 0.16
Debt to equity
3.74▼
2024 · 4.04
ROE
13.1%▼
2024 · 18.8%
Interest coverage
5.20▼
2024 · 6.04
Debt ≤ 1 year
€432,118▲
2024 · €409,056
Debt > 1 year
€1.1m▲
2024 · €989,174
Income taxes
€8,090▼
2024 · €15,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,623 | €154,922 | €104,019 | €113,048 | €126,566 | ▲ 12.0% |
| Other operating charges640/8 | €5,595 | €4,724 | €5,568 | €8,230 | €7,272 | ▼ 11.6% |
| Gross operating margin9900 | €134,505 | €159,943 | €213,521 | €237,424 | €236,083 | ▼ 0.6% |
| Operating profit (loss)9901 | €45,288 | €297 | €103,927 | €116,146 | €102,246 | ▼ 12.0% |
| Financial income75/76B | €3,533 | €2,627 | €1,720 | €3,228 | €2,590 | ▼ 19.8% |
| Recurring financial income75 | €3,533 | €2,627 | €1,720 | €3,228 | €2,590 | ▼ 19.8% |
| Financial charges65/66B | €22,301 | €20,846 | €12,867 | €37,960 | €43,982 | ▲ 15.9% |
| Recurring financial charges65 | €22,301 | €20,846 | €12,867 | €37,960 | €43,982 | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €26,519 | -€17,922 | €92,780 | €81,414 | €60,854 | ▼ 25.3% |
| Income taxes67/77 | €183 | €192 | €13,135 | €15,762 | €8,090 | ▼ 48.7% |
| Profit (loss) for the period9904 | €26,336 | -€18,115 | €79,645 | €65,652 | €52,764 | ▼ 19.6% |
| Profit (loss) for the period to be appropriated9905 | €26,336 | -€18,115 | €79,645 | €65,652 | €52,764 | ▼ 19.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.5m | €1.7m | €1.8m | €1.9m | ▲ 8.2% |
| Fixed assets21/28 | €1.2m | €1.4m | €1.6m | €1.7m | €1.9m | ▲ 10.9% |
| Tangible fixed assets22/27 | €1.2m | €1.4m | €1.6m | €1.7m | €1.9m | ▲ 10.9% |
| Land and buildings22 | €1.2m | €1.4m | €1.6m | €1.6m | €1.7m | ▲ 8.2% |
| Plant, machinery and equipment23 | €1,617 | €572 | €1,948 | €1,551 | €72,906 | ▲ 4,600% |
| Furniture and vehicles24 | €3,653 | €1,157 | - | €79,496 | €61,277 | ▼ 22.9% |
| Financial fixed assets28 | €1,050 | €1,050 | €25,517 | €1,050 | - | - |
| Current assets29/58 | €103,523 | €24,069 | €67,714 | €74,743 | €36,223 | ▼ 51.5% |
| Stocks and contracts in progress3 | €6,296 | €7,523 | €7,900 | €8,058 | €7,655 | ▼ 5.0% |
| Stocks30/36 | €6,296 | €7,523 | €7,900 | €8,058 | €7,655 | ▼ 5.0% |
| Amounts receivable within one year40/41 | €16,900 | €6,574 | €7,398 | €39,910 | €11,548 | ▼ 71.1% |
| Trade receivables40 | €6,869 | €1,322 | €131 | €16,408 | €7,918 | ▼ 51.7% |
| Other amounts receivable41 | €10,031 | €5,251 | €7,267 | €23,502 | €3,631 | ▼ 84.6% |
| Cash at bank and in hand54/58 | €75,714 | €4,174 | €44,497 | €20,365 | €16,926 | ▼ 16.9% |
| Deferred charges and accrued income490/1 | €4,613 | €5,798 | €7,920 | €6,411 | €94 | ▼ 98.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €1.7m | €1.8m | €1.9m | ▲ 8.2% |
| Equity10/15 | €222,550 | €204,435 | €284,080 | €350,066 | €402,830 | ▲ 15.1% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €22,200 | €22,200 | €22,200 | €22,200 | €22,200 | = |
| Non-distributable reserves130/1 | €2,500 | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €2,500 | - | - | - | - |
| Tax-exempt reserves132 | €19,700 | €19,700 | €19,700 | €19,700 | €19,700 | = |
| Distributable reserves133 | - | - | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €175,350 | €157,236 | €236,880 | €302,866 | €355,630 | ▲ 17.4% |
| Amounts payable17/49 | €1.1m | €1.3m | €1.4m | €1.4m | €1.5m | ▲ 6.5% |
| Amounts payable after more than one year17 | €793,561 | €893,745 | €795,264 | €989,174 | €1.1m | ▲ 7.0% |
| Financial debts170/4 | €793,561 | €893,745 | €795,264 | €989,174 | €1.1m | ▲ 7.0% |
| Amounts payable within one year42/48 | €263,303 | €369,270 | €602,882 | €409,056 | €432,118 | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | €81,439 | €95,479 | €98,481 | €134,970 | €166,103 | ▲ 23.1% |
| Trade debts44 | €56,264 | €509 | €248,035 | €13,280 | €11,405 | ▼ 14.1% |
| Suppliers440/4 | €56,264 | €509 | €248,035 | €13,280 | €11,405 | ▼ 14.1% |
| Taxes, remuneration and social security45 | €14,943 | €3,000 | €3,270 | €14,994 | €11,285 | ▼ 24.7% |
| Taxes450/3 | €14,943 | - | - | €14,994 | €11,285 | ▼ 24.7% |
| Remuneration and social security454/9 | - | €3,000 | €3,270 | - | - | - |
| Other amounts payable47/48 | €110,656 | €270,281 | €253,095 | €245,812 | €243,324 | ▼ 1.0% |
| Accrued charges and deferred income492/3 | €624 | €868 | €1,105 | €15,680 | €16,080 | ▲ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,336 | -€18,115 | €79,645 | €65,652 | €52,764 | ▼ 19.6% |
| + Depreciation and write-downs630 | €83,623 | €154,922 | €104,019 | €113,048 | €126,566 | ▲ 12.0% |
| Operating cash flow (approximation) | €109,960 | €136,807 | €183,664 | €178,700 | €179,329 | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | -€422,657 | -€275,387 | -€186,662 | -€310,212 | ▼ 66.2% |
| Change in cash | - | -€71,540 | €40,323 | -€24,132 | -€3,439 | ▲ 85.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €79,645
Net result €79,645 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€18,115
Net result drops to -€18,115, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €222,550 ▲13.4%
4 profitable years in a row build equity to €222,550.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.87
Current ratio from 0.93 to 1.87.
31-12
Financial
Equity above €150,000Eq €167,847 ▲30%
2 profitable years in a row build equity to €167,847.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Oostkamp · 1 establishment unit since 2017
Ground area
130 m²
Building footprint
130 m²
Volume, LiDAR
598 m³
Parcel 31403H0912/00X000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Het Friethuis
since 20172.259.001.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403H0912/00X000 | Flanders | 130 m² | 1 · 130 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,090 EUR awarded · 3,090 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,090 EUR | 3,090 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostkamp2.259.001.623
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 4,997 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0662440615
Also
9925:BE0662440615
Registered
01-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.