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Ets MANY FRERES

Active
Private limited company (pre-2019)founded 199927 yrs activeRue des Etats 8B, 1360 Perwez, BelgiumKBO/BCE: BE 0465.884.763

Ets MANY FRERES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 59% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
70 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency79▲+79
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 27 years 0 30 y
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 2024
Solvency, return and age of the figures
Solvency
54.3%
Return on assets
77.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
1 d early
2023
61 d late
2022
151 d late
2021
61 d late
2020
31 d late
2019
150 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity
€6k
2023 · €-3k
2018: €16 2019: €2k 2020: €1k 2021: €1k 2022: €-2k 2023: €-3k
2018 → 2024
Total assets
€11k▲ 63.9%
2023 · €7k
2018: €9k 2019: €10k 2020: €11k 2021: €11k 2022: €8k 2023: €7k
2018 → 2024
Net result
€9k
2023 · €-1k
2018: €-1k 2019: €2k 2020: €-616 2021: €114 2022: €-3k 2023: €-1k
2018 → 2024
Working capital
€5k
2023 · €-5k
2018: €-2k 2019: €145 2020: €-3k 2021: €-3k 2022: €-6k 2023: €-5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€1k-€1k▲ 10.6%€-2k€-3k▼ 64.5%€6k
Operating result€-557-€345€-3k€-1k▲ 46.2%€9k
Net result€-616-€114€-3k€-1k▲ 63.0%€9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-5k€0€5k€10kOperating result 2020: €-557€-557Net result 2020: €-616€-616Operating result 2021: €345€345Net result 2021: €114€114Operating result 2022: €-3k€-3kNet result 2022: €-3k€-3kOperating result 2023: €-1k€-1kNet result 2023: €-1k€-1kOperating result 2024: €9k€9kNet result 2024: €9k€9k20202021202220232024
The operating result returns to profit in 2024: €9k after a loss of €1k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11k
Fixed assets €1k▼ 45.5%
Current assets €10k▲ 137%
Equity and liabilities €11k
Equity €6k
Debt €5k
Debt finances 45.7% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€10k
2023 · €-201
Cash flow
€10k
2023 · €218
Solvency
54.3%
2023 · -38.3%
Current ratio
1.90
2023 · 0.43
Quick ratio
1.90
2023 · 0.43
Debt / equity
0.84
2023 · -3.61
ROE
143.0%
ROA
77.7%
2023 · -15.0%
Interest coverage
49.50
2023 · -1.81
Debt
€5k
2023 · €10k
Debt ≤ 1 year
€5k
2023 · €10k
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€7k€11k
Fixed assets21/28€3k€1k
Tangible fixed assets22/27€2k€1k
Furniture and vehicles24€2k€1k
Financial fixed assets28€446€446=
Current assets29/58€4k€10k
Amounts receivable within one year40/41€3k€9k
Trade receivables40€64€3k
Other amounts receivable41€3k€6k
Cash at bank and in hand54/58€102€114
Deferred charges and accrued income490/1€614€1k
Equity and liabilities
Total equity and liabilities10/49€7k€11k
Equity10/15€-3k€6k
Contributions10/11€22k€22k=
Reserves13€276€276=
Non-distributable reserves130/1€276€276=
Reserves not available under the articles1311€276€276=
Profit (loss) carried forward14€-25k€-16k
Amounts payable17/49€10k€5k
Amounts payable within one year42/48€10k€5k
Trade debts44€2k€5k
Suppliers440/4€2k€5k
Taxes, remuneration and social security45€170€215
Taxes450/3€170€215
Other amounts payable47/48€7k-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k
Other operating charges640/8€603€600
Gross operating margin9900€402€11k
Operating profit (loss)9901€-1k€9k
Financial income75/76B€530€108
Recurring financial income75€1€108
Non-recurring financial income76B€529-
Financial charges65/66B€111€204
Recurring financial charges65€111€204
Profit (loss) for the period before taxes9903€-1k€9k
Profit (loss) for the period9904€-1k€9k
Profit (loss) for the period to be appropriated9905€-1k€9k
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-16k
Profit (loss) brought forward from the previous period14P€-24k€-25k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-12
Financial Liquidity quadruplescurrent ratio 1.90
Current ratio from 0.43 to 1.90; short-term debt falls from €10k to €5k.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial Weakest financial yearnet €-3k ▼2546%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial Back to profitnet €114
Net result €114 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
2019
31-12
Financial Back to profitnet €2k
Net result €2k after one loss-making year.
30-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 152 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
1 act for this company is 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, Perwez · 1 establishment unit since 1999
establishment The establishment unit on the map
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 des Etats 8B1360 Perwez
Ground area
1,504 m²
Building footprint
104 m²
Volume, LiDAR
736 m³
Parcel 25060D0006/00E000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Etats 8B, 1360 Perwez
Crop and animal production, hunting and related service activities
since 19992.091.379.188
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25060D0006/00E000 Wallonia 1,504 m² 1 · 104 m² 8.9 m · 2 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.

Similar companies · same sector, comparable size

Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,126 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded15-04-1999
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
42110Construction of roads and motorways
43211General electrical installation work
45230
45310
71401
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.