Result
From profit to loss in 2025, after a profit of €102,028 in 2024.
From profit to loss in 2025, after a profit of €102,028 in 2024.
The abbreviated format states no turnover.
€288,986 of the debts are secured on the company's own assets. In 2023 that was €435,154.
In 2025, 225 short contracts started and 222 ended, on average 42 hours worked per contract. Staff averaged 5.9 full-time equivalents.
The 2025 accounts came 7 days late. The other four were filed on time.
Lower net result than 81% of companies in retail trade. Sector median €27,442 · 12,842 companies.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 44% of them on solvency, 28% on liquidity, 25% on profitability and 35% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,548 companies had the same profile as FD Drinks has now. Each dot stands for 4 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FD Drinks itself: 1.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,548 companies, not a prediction for FD Drinks. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.31 (1.44 in 2024), below the usual 1.5. Short-term debt is 53.7% and cash 6.9% of total assets. 71.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 13 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Shares in 1 company, PRIK & TIK
Board & ownership| Company | ||||
|---|---|---|---|---|
| FD Drinks Leopoldsburg | €1.2m | €341,999 | 28.5% | 5.9 |
| VINCENT DUCHATEAU Frasnes-lez-Anvaing | €1.3m | €334,358 | -59.5% | 5.3 |
| PIECOVA Aalter | €1.0m | €298,449 | 8.7% | 6.5 |
| SUGOFA Beveren-Kruibeke-Zwijndrecht | €1.3m | €335,596 | 18.4% | 5.8 |
| Ox Ambacht Kortenberg | €1.1m | €403,783 | 5.2% | 6.9 |
| L.J. Express Antwerp | €1.1m | €425,078 | 15.7% | 6.7 |
| ARTISHOK Nieuwerkerken (Limb.) | €1.1m | €347,702 | 18.0% | 5.3 |
These companies have the same main activity as FD Drinks: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €993,000 and €1.3m, founded between 2018 and 2020.
FD Drinks files the abbreviated format. That format states no turnover. The gross margin fell from €417,460 in 2021 to €341,999 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.3m. Estimated: probably between €2.7m and €4.4m.
Higher than 41% of 12,853 companies in 2025.
Higher than 41% of 12,643 companies in 2025.
Higher than 23% of 12,717 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 225 short contracts started and 222 ended, on average 42 hours worked per contract. Staff averaged 5.9 full-time equivalents. Training hours in 2025: 4.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
1.2m | 1.3m | 1.2m | 1.1m | 908,970 | |
21/28 |
359,275 | 352,044 | 377,824 | 406,544 | 99,841 | |
21 |
0 | 529 | 1,160 | 1,886 | 2,656 | |
22/27 |
291,400 | 283,720 | 308,869 | 336,862 | 97,049 | |
22 |
229,259 | 237,942 | 246,625 | - | - | |
23 |
29,253 | 36,782 | 40,837 | 51,140 | 50,824 | |
24 |
7,678 | 3,053 | 13,647 | 26,592 | 40,983 | |
26 |
25,210 | 5,943 | 7,761 | 8,692 | 5,243 | |
27 |
- | - | 0 | 250,438 | - | |
28 |
67,875 | 67,795 | 67,795 | 67,795 | 135 | |
29/58 |
840,042 | 937,512 | 773,184 | 681,662 | 809,129 | |
29 |
2,000 | 4,000 | 6,000 | 18,000 | 10,000 | |
291 |
2,000 | 4,000 | 6,000 | 18,000 | 10,000 | |
3 |
451,495 | 534,448 | 483,783 | 456,755 | 479,975 | |
30/36 |
451,495 | 534,448 | 483,783 | 456,755 | 479,975 | |
40/41 |
289,515 | 244,808 | 206,026 | 151,273 | 111,586 | |
40 |
205,256 | 206,371 | 132,188 | 78,051 | 39,624 | |
41 |
84,259 | 38,437 | 73,837 | 73,223 | 71,962 | |
54/58 |
82,161 | 144,554 | 68,914 | 47,694 | 198,999 | |
490/1 |
14,871 | 9,703 | 8,462 | 7,940 | 8,569 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
1.2m | 1.3m | 1.2m | 1.1m | 908,970 | |
10/15 |
341,741 | 348,987 | 246,958 | 164,808 | 153,089 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
13 |
323,987 | 323,987 | 221,958 | 139,808 | 128,089 | |
133 |
323,987 | 323,987 | 221,958 | 139,808 | 128,089 | |
14 |
-7,245 | - | - | - | - | |
17/49 |
857,576 | 940,570 | 904,050 | 923,397 | 755,880 | |
17 |
213,964 | 288,986 | 362,714 | 433,119 | 298,767 | |
170/4 |
213,964 | 288,986 | 362,714 | 433,119 | 298,767 | |
42/48 |
643,613 | 651,584 | 536,605 | 488,782 | 457,113 | |
42 |
75,022 | 73,728 | 72,440 | 117,034 | 60,963 | |
43 |
141,236 | 100,828 | 35,000 | 30,000 | - | |
430/8 |
141,236 | 100,828 | 35,000 | 30,000 | - | |
44 |
377,436 | 388,092 | 336,443 | 317,324 | 354,401 | |
440/4 |
377,436 | 388,092 | 336,443 | 317,324 | 354,401 | |
46 |
0 | 6,930 | - | - | - | |
45 |
48,056 | 81,618 | 92,335 | 24,424 | 41,749 | |
450/3 |
5,027 | 42,288 | 47,984 | 11,859 | 41,749 | |
454/9 |
43,030 | 39,330 | 44,351 | 12,566 | - | |
47/48 |
1,862 | 388 | 388 | - | - | |
492/3 |
- | 0 | 4,730 | 1,496 | - | |
| Income statement | ||||||
76A |
6,559 | 3,764 | - | - | - | |
9900 |
341,999 | 467,099 | 487,684 | 306,124 | 417,460 | |
62 |
272,315 | 239,897 | 283,196 | 224,259 | 181,824 | |
630 |
25,070 | 32,087 | 35,761 | 31,835 | 31,124 | |
631/4 |
- | 0 | 14,082 | - | - | |
640/8 |
4,404 | 5,618 | 13,421 | 15,245 | 6,884 | |
66A |
- | - | - | 0 | 4,866 | |
9901 |
40,210 | 189,497 | 141,224 | 34,785 | 192,762 | |
75/76B |
0 | 3,482 | 1,416 | 389 | 48 | |
75 |
0 | 3,482 | 1,416 | 389 | 48 | |
65/66B |
47,325 | 41,069 | 32,674 | 23,455 | 28,716 | |
65 |
47,325 | 41,069 | 32,674 | 23,455 | 28,716 | |
9903 |
-7,114 | 151,910 | 109,966 | 11,719 | 164,094 | |
67/77 |
131 | 49,882 | 27,816 | 0 | 36,004 | |
9904 |
-7,245 | 102,028 | 82,150 | 11,719 | 128,089 | |
9905 |
-7,245 | 102,028 | 82,150 | 11,719 | 128,089 | |
| Appropriation of the result | ||||||
9906 |
-7,245 | 102,028 | 82,150 | 11,719 | 128,089 | |
691/2 |
0 | 102,028 | 82,150 | 11,719 | 128,089 | |
6921 |
0 | 102,028 | 82,150 | 11,719 | 128,089 | |
| Social balance sheet | ||||||
9087 |
5.9 | 5 | 5.5 | 4.9 | 3.3 | |
Hours worked1013 |
9,491 | 9,075 | 9,554 | 6,207 | 9,432 | |
| Document | ||||||
The notes to these accounts have 25 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 07-05-2026.
2025 annual accounts filed 7 days after the deadline. Filed on 7 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00105175.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 07-05-2026 | 2026-00105175 | |
| 30-09-2024 | abbreviated format | 24-03-2025 | 2025-00054141 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00077122 | |
| 30-09-2022 | abbreviated format | 05-04-2023 | 2023-00054369 | |
| 30-09-2021 | abbreviated format | 22-04-2022 | 2022-20009235 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 65,280 | 221,584 | 176,985 | 66,620 | 223,886 | ||
| 17,825 | 134,116 | 117,911 | 43,554 | 159,214 | ||
| 32,493 | 8,044 | 7,041 | 338,538 | 130,965 | ||
| -62,392 | 75,640 | 21,220 | -151,305 | - | ||
| 196,430 | 285,928 | 236,579 | 192,880 | 352,016 | ||
| 28.5% | 27.1% | 21.5% | 15.1% | 16.8% | ||
| 1.31 | 1.44 | 1.44 | 1.39 | 1.77 | ||
| 0.60 | 0.62 | 0.54 | 0.46 | 0.72 | ||
| 2.51 | 2.70 | 3.66 | 5.60 | 4.94 | ||
| -2.1% | 29.2% | 33.3% | 7.1% | 83.7% | ||
| -0.6% | 7.9% | 7.1% | 1.1% | 14.1% | ||
| 1.38 | 5.40 | 5.42 | 2.84 | 7.80 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 7 | 9 | 6 | 7 |
| full-time | 3 | 3 | 5 | 5 | 5 |
| part-time | 7 | 4 | 4 | 1 | 2 |
| in full-time equivalents | 6.5 | 4.6 | 7 | 5.8 | 6.4 |
| 5.9 | 5 | 5.5 | 4.9 | 3.3 | |
| On a permanent contract | 6 | 4 | 7 | 4 | 5 |
| Joined | 225 | 145 | 184 | 154 | 315 |
| Left | 222 | 147 | 180 | 155 | 308 |
| Training hours | 4 | - | 10 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €288,986 | €362,714 | €435,154 | - | - |
| Mortgages, amount registered | €215,000 | €215,000 | €215,000 | - | - |
| Carrying value of the mortgaged assets | €229,259 | €237,942 | €246,625 | - | - |
| €500,000 | €500,000 | €500,000 | - | - | |
| Pledge on other assets, amount secured | - | - | - | - | €500,000 |
| Carrying value of the other pledged assets | - | - | - | - | €500,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €32,413 | €8,044 | €7,041 | €270,878 | €127,259 |
| Intangible fixed assets | - | - | - | - | €3,571 |
| Financial fixed assets | €80 | - | - | €67,660 | €135 |
| €25,070 | €32,087 | €35,761 | €31,835 | €31,124 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
The operating result for 2025 is 79% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 72.9% to 71.5%. Equity and debt are lower.
Source: list of holdings in its own 30-09-2022 accounts. Every holding stands with its own latest accounts.
FD Drinks or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
The network starts from the directors of FD Drinks. Every other company they run is a node.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 6 March 2020, FD Drinks was incorporated as a private limited company by four natural persons, with a starting capital of €25,000.12 Of the 2 current board members, 2 have served since 2020.3 Total assets went from €908,970 in 2021 to €1.2m in 2025 and headcount from 3.3 to 5.9 full-time equivalents.4
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Lommelsesteenweg 23 registered office 3970 Leopoldsburg | 06-03-2020 | 2.300.327.482 | Retail trade Retailer of food >3 months |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71034A3239/00A000 | 1,387 m² | 1 · 2,162 m² | 12.0 m · 1 |
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