F.R.S. Multi Services
ActiveThe computed 12-month bankruptcy probability of F.R.S. Multi Services is 3.4% (moderate). The 2025 annual accounts show equity of €141k and a net result of €-41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 297 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-98
Solvency100▲+13
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.17 against 1.75 in 2024; short-term debt: 14.5% and cash: 0.2% of total assets), and 14.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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 02-06-2026, 59 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
59 d early
2024
69 d early
2023
68 d early
2022
66 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-41k
2024 · €186k
2022: €-6k
2023: €-3k
2024: €186k
2022 → 2025
Working capital
€52k▼ 36.9%
2024 · €82k
2022: €-2k
2023: €-14k
2024: €82k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-2k-€-5k▼ 151%€182k€141k▼ 22.4%
Operating result€-6k-€-3k▲ 53.0%€187k€-40k
Net result€-6k-€-3k▲ 52.3%€186k€-41k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €40k after €187k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€89k▼ 10.5%
Current assets
€76k▼ 60.6%
Equity and liabilities €165k
Equity
€141k▼ 22.4%
Debt
€24k▼ 78.3%
The debt ratio falls from 37.7% to 14.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€133▼
2024 · €188k
Cash flow
€-471▼
2024 · €188k
Solvency
85.5%▲
2024 · 62.3%
Current ratio
3.17▲
2024 · 1.75
Quick ratio
3.17▲
2024 · 1.75
Debt / equity
0.17▼
2024 · 0.60
ROE
-28.9%▼
2024 · 102.6%
ROA
-24.7%▼
2024 · 63.9%
Interest coverage
0.22▼
2024 · 546.36
Debt
€24k▼
2024 · €110k
Debt ≤ 1 year
€24k▼
2024 · €110k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€291k€165k▼
Fixed assets21/28€100k€89k▼
Tangible fixed assets22/27€91k€80k▼
Furniture and vehicles24€91k€80k▼
Financial fixed assets28€9k€9k=
Current assets29/58€192k€76k▼
Amounts receivable within one year40/41€191k€75k▼
Trade receivables40€191k€75k▼
Cash at bank and in hand54/58€627€268▼
Equity and liabilities
Total equity and liabilities10/49€291k€165k▼
Equity10/15€182k€141k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€178k€137k▼
Amounts payable17/49€110k€24k▼
Amounts payable within one year42/48€110k€24k▼
Trade debts44€92k€8k▼
Suppliers440/4€92k€8k▼
Taxes, remuneration and social security45€18k€15k▼
Taxes450/3€18k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€40k▲
Other operating charges640/8€871€4k▲
Gross operating margin9900€189k€4k▼
Operating profit (loss)9901€187k€-40k▼
Financial charges65/66B€344€604▲
Recurring financial charges65€344€604▲
Profit (loss) for the period before taxes9903€186k€-41k▼
Profit (loss) for the period9904€186k€-41k▼
Profit (loss) for the period to be appropriated9905€186k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€178k€137k▼
Profit (loss) brought forward from the previous period14P€-9k€178k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-41k ▼122%
Net result drops to €-41k, the lowest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €186k
Net result €186k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €182k
Equity rises from €-5k to €182k.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Elsene · 1 establishment unit since 2022
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.
Louizalaan 5231050 ElseneGround area
3,529 m²
Building footprint
1,878 m²
Volume, LiDAR
44,063 m³
Parcel 21822R0226/00W011, Brussels · tallest building 38.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
F.R.S. Multi Services
since 20222.337.684.360
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 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
Mechir
BE 0783.911.141
Gent · Eq €141k
FIBEL
BE 0801.274.735
Lokeren · Eq €141k
De Mert
BE 0663.615.701
Gent · Eq €141k
F&F ELECTRICITE
BE 0679.661.479
La Louvière · Eq €142k
Qonnected
BE 1003.146.581
Beringen · Eq €140k
Of 1,825 companies in sector 42220 we hold annual accounts for 958. 698 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2022
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
49410Freight transport by road
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.