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FR

Active
Private limited companyfounded 200719 yrs activeWondelgemstraat 31, 9000 Gent, BelgiumKBO/BCE: BE 0889.221.962

FR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €109k and a net result of €14k. Equity is growing by ~39.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 18938 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
93 / 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-34
Solvency100▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 2.03 in 2023), and 32.7% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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 19 years 0 20 y
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-11-2025, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
111 d late
2023
121 d late
2022
61 d late
2021
92 d late
2020
90 d late
2019
17 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
€109k▲ 15.2%
2023 · €95k
2018: €-19k 2019: €-22k 2020: €24k 2021: €56k 2022: €65k 2023: €95k
2018 → 2024
Total assets
€162k▼ 1.0%
2023 · €164k
2018: €13k 2019: €22k 2020: €62k 2021: €115k 2022: €117k 2023: €164k
2018 → 2024
Net result
€14k▼ 51.6%
2023 · €30k
2018: €-7k 2019: €-3k 2020: €46k 2021: €32k 2022: €9k 2023: €30k
2018 → 2024
Working capital
€76k▲ 14.9%
2023 · €66k
2018: €-30k 2019: €-35k 2020: €43k 2021: €56k 2022: €51k 2023: €66k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€24k-€56k▲ 135%€65k▲ 16.8%€95k▲ 45.6%€109k▲ 15.2%
Operating result€46k-€36k▼ 22.0%€20k▼ 44.3%€44k▲ 118%€33k▼ 25.1%
Net result€46k-€32k▼ 29.9%€9k▼ 70.6%€30k▲ 217%€14k▼ 51.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20k€40kOperating result 2020: €46k€46kNet result 2020: €46k€46kOperating result 2021: €36k€36kNet result 2021: €32k€32kOperating result 2022: €20k€20kNet result 2022: €9k€9kOperating result 2023: €44k€44kNet result 2023: €30k€30kOperating result 2024: €33k€33kNet result 2024: €14k€14k20202021202220232024
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €162k
Fixed assets €34k▼ 1.0%
Current assets €129k▼ 1.0%
Equity and liabilities €162k
Equity €109k▲ 15.2%
Debt €53k▼ 23.2%
The debt ratio falls from 42.1% to 32.7%: equity grows while debt is paid down.
Key figures and ratios
2024 value · change against 2023
EBITDA
€46k
2023 · €57k
Cash flow
€28k
2023 · €43k
Solvency
67.3%
2023 · 57.9%
Current ratio
2.43
2023 · 2.03
Quick ratio
2.02
2023 · 1.65
Debt / equity
0.49
2023 · 0.73
ROE
13.2%
2023 · 31.3%
ROA
8.9%
2023 · 18.1%
Interest coverage
74.37
2023 · 49.34
Debt
€53k
2023 · €69k
Debt ≤ 1 year
€53k
2023 · €64k
Income taxes
€20k
2023 · €14k
Staff costs
€59k
2023 · €3k
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€164k€162k
Fixed assets21/28€34k€34k
Tangible fixed assets22/27€34k€33k
Plant, machinery and equipment23€1k€2k
Furniture and vehicles24€32k€31k
Financial fixed assets28€300€600
Current assets29/58€130k€129k
Amounts receivable after more than one year29-€500
Trade receivables290-€500
Stocks and contracts in progress3€24k€21k
Stocks30/36€24k€21k
Amounts receivable within one year40/41€43k€53k
Trade receivables40€925€15k
Other amounts receivable41€42k€38k
Cash at bank and in hand54/58€63k€52k
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€164k€162k
Equity10/15€95k€109k
Contributions10/11€13k€13k=
Capital10€13k€13k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Profit (loss) carried forward14€82k€97k
Amounts payable17/49€69k€53k
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€64k€53k
Current portion of amounts payable after more than one year42€17k€7k
Trade debts44€24k€14k
Suppliers440/4€24k€14k
Taxes, remuneration and social security45€23k€32k
Taxes450/3€13k€20k
Remuneration and social security454/9€9k€12k
Income statement Code20232024
Remuneration, social security and pensions62€3k€59k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k
Other operating charges640/8€7k€4k
Non-recurring operating charges66A-€985
Gross operating margin9900€66k€110k
Operating profit (loss)9901€44k€33k
Financial income75/76B€1k€2k
Recurring financial income75€1k€2k
Financial charges65/66B€1k€619
Recurring financial charges65€1k€619
Profit (loss) for the period before taxes9903€44k€34k
Income taxes67/77€14k€20k
Profit (loss) for the period9904€30k€14k
Profit (loss) for the period to be appropriated9905€30k€14k
Appropriation of the result
Profit (loss) to be appropriated9906€82k€97k
Profit (loss) brought forward from the previous period14P€53k€82k

The notes to these accounts (6 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
19-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
31-12
Financial Equity above €100kEq €109k ▲15.2%
5 profitable years in a row build equity to €109k.
29-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
30-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
29-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial Back to profitnet €46k
Net result €46k after 2 loss-making years.
31-12
Financial Liquidity times 29current ratio 5.70
Current ratio from 0.20 to 5.70; short-term debt falls from €44k to €9k.
17-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
13-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
27-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
06-02
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 190 days late
25-01
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 543 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
10 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, Gent · 1 establishment unit since 2007
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.

Wondelgemstraat 319000 Gent
Ground area
137 m²
Building footprint
137 m²
Volume, LiDAR
743 m³
Parcel 44810K0070/00E005, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wantander Market
Wondelgemstraat 31 A, 9000 GentAgents in the wholesale of food, beverages and tobacco
since 20072.163.769.201
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44810K0070/00E005 Flanders 137 m² 1 · 137 m² 12.6 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Gent2.163.769.201
1 permission
Toelating · Detailhandel · since 27-04-2021

Similar companies · same sector, comparable size

Of 1,631 companies in sector 46170 we hold annual accounts for 660. 457 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded04-05-2007
Fiscal year end31-12
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries
Establishment Gent 2.163.769.201
Phone:0468250020
Establishment Gent 2.163.769.201