FR CONCEPT
ActiveSummary
FR CONCEPT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 705 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-11
Solvency63▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.63 in 2023; short-term debt: 61.6% and cash: 15.4% of total assets), and 61.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
38.4%
Return on assets
3.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← 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 dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €18k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
72 d late
2022
29 d late
2021
66 d late
2020
90 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▲ 11.3%
2023 · €16k
2018: €24k
2019: €45k▲ +89.1% vs 2018highest in 7 years
2020: €34k▼ -23.6% vs 2019
2021: €20k▼ -41.3% vs 2020
2022: €11k▼ -44.7% vs 2021lowest in 7 years
2023: €16k▲ +43.2% vs 2022
2024: €18k▲ +11.3% vs 2023
2018 → 2024
Total assets
€46k▲ 25.7%
2023 · €37k
2018: €84k
2019: €80k▼ -5.0% vs 2018
2020: €110k▲ +38.7% vs 2019highest in 7 years
2021: €71k▼ -35.4% vs 2020
2022: €47k▼ -33.6% vs 2021
2023: €37k▼ -22.2% vs 2022lowest in 7 years
2024: €46k▲ +25.7% vs 2023
2018 → 2024
Net result
€2k▼ 62.5%
2023 · €5k
2018: €317
2019: €21k▲ +6570% vs 2018highest in 7 years
2020: €-11k▼ -150% vs 2019
2021: €-14k▼ -33.9% vs 2020lowest in 7 years
2022: €-9k▲ +36.4% vs 2021
2023: €5k▲ +153% vs 2022
2024: €2k▼ -62.5% vs 2023
2018 → 2024
Working capital
€11k▼ 12.7%
2023 · €13k
2018: €18k
2019: €35k▲ +102% vs 2018highest in 7 years
2020: €18k▼ -47.8% vs 2019
2021: €8k▼ -56.0% vs 2020
2022: €2k▼ -71.9% vs 2021lowest in 7 years
2023: €13k▲ +471% vs 2022
2024: €11k▼ -12.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€20k▼ 41.3%€11k▼ 44.7%€16k▲ 43.2%€18k▲ 11.3%
2020: €34khighest in 5 years
2021: €20k▼ -41.3% vs 2020
2022: €11k▼ -44.7% vs 2021lowest in 5 years
2023: €16k▲ +43.2% vs 2022
2024: €18k▲ +11.3% vs 2023
Operating result€-10k-€-10k▲ 0.4%€-9k▲ 12.8%€5k€2k▼ 64.0%
2020: €-10klowest in 5 years
2021: €-10k▲ +0.4% vs 2020
2022: €-9k▲ +12.8% vs 2021
2023: €5k▲ +163% vs 2022highest in 5 years
2024: €2k▼ -64.0% vs 2023
Net result€-11k-€-14k▼ 33.9%€-9k▲ 36.4%€5k€2k▼ 62.5%
2020: €-11k
2021: €-14k▼ -33.9% vs 2020lowest in 5 years
2022: €-9k▲ +36.4% vs 2021
2023: €5k▲ +153% vs 2022highest in 5 years
2024: €2k▼ -62.5% vs 2023
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 2024; 2024 is 64% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46k
Fixed assets
€6k ▲ 119%
Current assets
€40k ▲ 17.7%
Equity and liabilities €46k
Equity
€18k ▲ 11.3%
Debt
€29k ▲ 36.7%
Debt's share of the balance-sheet total rises from 56.7% to 61.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2023 · €6k
Cash flow
€3k▼
2023 · €6k
Current ratio
1.40▼
2023 · 1.63
Quick ratio
1.33▼
2023 · 1.56
Debt to equity
1.61▲
2023 · 1.31
ROE
10.2%▼
2023 · 30.2%
ROA
3.9%▼
2023 · 13.1%
Interest coverage
23.20▲
2023 · 12.85
Debt ≤ 1 year
€29k▲
2023 · €21k
Income taxes
€11▼
2023 · €136
Staff costs
€2k▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€37k€46k▲
Fixed assets21/28€3k€6k▲
Tangible fixed assets22/27€2k€6k▲
Plant, machinery and equipment23€1k€5k▲
Furniture and vehicles24€1k€541▼
Financial fixed assets28€470€470=
Current assets29/58€34k€40k▲
Stocks and contracts in progress3€1k€2k▲
Stocks30/36€1k€2k▲
Amounts receivable within one year40/41€30k€31k▲
Trade receivables40€28k€27k▼
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€37k€46k▲
Equity10/15€16k€18k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€8k€10k▲
Amounts payable17/49€21k€29k▲
Amounts payable within one year42/48€21k€29k▲
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€1k€1k=
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€13k€14k▲
Income statement
Code20232024
Non-recurring operating income76A-€74
Remuneration, social security and pensions62€2k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€988€1k▲
Other operating charges640/8€13€149▲
Gross operating margin9900€9k€5k▼
Operating profit (loss)9901€5k€2k▼
Financial income75/76B€22€2▼
Recurring financial income75€22€2▼
Financial charges65/66B€499€140▼
Recurring financial charges65€499€140▼
Profit (loss) for the period before taxes9903€5k€2k▼
Income taxes67/77€136€11▼
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€10k▲
Profit (loss) brought forward from the previous period14P€3k€8k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €74 | - |
| Remuneration, social security and pensions62 | - | €3k | €2k | €2k | €2k | ▼ 27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €15k | €14k | €988 | €1k | ▲ 30.8% |
| Other operating charges640/8 | - | €398 | €569 | €13 | €149 | ▲ 1,039% |
| Gross operating margin9900 | €7k | €8k | €9k | €9k | €5k | ▼ 41.8% |
| Operating profit (loss)9901 | €-10k | €-10k | €-9k | €5k | €2k | ▼ 64.0% |
| Financial income75/76B | - | €183 | €171 | €22 | €2 | ▼ 90.9% |
| Recurring financial income75 | €1 | €183 | €171 | €22 | €2 | ▼ 90.9% |
| Financial charges65/66B | - | €856 | €622 | €499 | €140 | ▼ 72.0% |
| Recurring financial charges65 | €726 | €856 | €622 | €499 | €140 | ▼ 72.0% |
| Profit (loss) for the period before taxes9903 | €-11k | €-10k | €-9k | €5k | €2k | ▼ 63.3% |
| Income taxes67/77 | - | €4k | - | €136 | €11 | ▼ 91.9% |
| Profit (loss) for the period9904 | €-11k | €-14k | €-9k | €5k | €2k | ▼ 62.5% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-14k | €-9k | €5k | €2k | ▼ 62.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110k | €71k | €47k | €37k | €46k | ▲ 25.7% |
| Fixed assets21/28 | €52k | €35k | €21k | €3k | €6k | ▲ 119% |
| Tangible fixed assets22/27 | €52k | €34k | €21k | €2k | €6k | ▲ 142% |
| Plant, machinery and equipment23 | - | €879 | €890 | €1k | €5k | ▲ 293% |
| Furniture and vehicles24 | - | €34k | €20k | €1k | €541 | ▼ 49.7% |
| Financial fixed assets28 | €470 | €470 | €470 | €470 | €470 | = |
| Current assets29/58 | €58k | €36k | €26k | €34k | €40k | ▲ 17.7% |
| Stocks and contracts in progress3 | €1k | €4k | €1k | €1k | €2k | ▲ 36.8% |
| Stocks30/36 | - | €4k | €1k | €1k | €2k | ▲ 36.8% |
| Amounts receivable within one year40/41 | €15k | €13k | €18k | €30k | €31k | ▲ 3.5% |
| Trade receivables40 | - | €12k | €15k | €28k | €27k | ▼ 4.2% |
| Other amounts receivable41 | - | €974 | €3k | €2k | €4k | ▲ 132% |
| Cash at bank and in hand54/58 | €40k | €20k | €7k | €3k | €7k | ▲ 166% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110k | €71k | €47k | €37k | €46k | ▲ 25.7% |
| Equity10/15 | €34k | €20k | €11k | €16k | €18k | ▲ 11.3% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €26k | €12k | €3k | €8k | €10k | ▲ 22.9% |
| Amounts payable17/49 | €76k | €51k | €36k | €21k | €29k | ▲ 36.7% |
| Amounts payable after more than one year17 | €36k | €23k | €13k | - | - | - |
| Financial debts170/4 | - | €23k | €13k | - | - | - |
| Amounts payable within one year42/48 | €40k | €28k | €24k | €21k | €29k | ▲ 36.7% |
| Current portion of amounts payable after more than one year42 | - | €14k | €9k | - | - | - |
| Trade debts44 | €6k | €3k | €5k | €5k | €10k | ▲ 93.2% |
| Suppliers440/4 | - | €3k | €5k | €5k | €10k | ▲ 93.2% |
| Advances received on contracts in progress46 | - | €7k | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €1k | €3k | €5k | ▲ 62.0% |
| Taxes450/3 | - | - | €1k | €1k | €1k | = |
| Remuneration and social security454/9 | - | - | - | €2k | €4k | ▲ 100% |
| Other amounts payable47/48 | - | €5k | €8k | €13k | €14k | ▲ 8.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €-14k | €-9k | €5k | €2k | ▼ 62.5% |
| + Depreciation and write-downs630 | €13k | €15k | €14k | €988 | €1k | ▲ 30.8% |
| Operating cash flow (approximation) | €2k | €492 | €5k | €6k | €3k | ▼ 46.6% |
| Investment in fixed assets (approximation) | - | €3k | €-891 | €17k | €-5k | ▼ 127% |
| Change in cash | - | €-20k | €-13k | €-4k | €4k | ▲ 204% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Highest result since 2018net €21k ▲6,570%
Operating result €20k, net result €21k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Villers-la-Ville · 1 establishment unit since 2015
Ground area
6,236 m²
Building footprint
96 m²
Parcel 25098D0141/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Taille Loquet 18, 1495 Villers-la-Ville
since 20152.237.689.733
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25098D0141/00C000 | Wallonia | 6,236 m² | 1 · 96 m² | - |
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.
Similar companies · same sector, comparable size
VAN ZESSEN
BE 0463.138.178
Waasmunster · Eq €17,119
ULTIMATE WOODWORKS
BE 0659.879.617
Kalmthout · Eq €18,600
Belgian Timber Solutions
BE 0562.928.216
Zonhoven · Eq €16,528
LECLERCQ Totaalrenovaties en schrijnwerk
BE 1019.965.985
Peer · Eq €19,165
SCIERIE DEVILLERS JEAN-YVES
BE 0475.984.146
Libin · Eq €16,412
Of 663 companies in sector 16110 we hold annual accounts for 320. 120 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
Founded20-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
Scores and ratios are computed by Checked and are not a credit decision.