FR-tech
ActiveSummary
The computed 12-month bankruptcy probability of FR-tech is 3.1% (moderate). The 2025 annual accounts show equity of €14k and a net result of €-7k. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 27965 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
Axes · tick = 2024
Profitability50▼-23
Solvency59▼-3
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.37 in 2024; short-term debt: 51.2% and cash: 31.4% of total assets), and 66.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
33.9%
Return on assets
-17.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
57 d late
2023
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 33.8%
2024 · €21k
2023: €19k
2024: €21k▲ +9.7% vs 2023highest in 3 years
2025: €14k▼ -33.8% vs 2024lowest in 3 years
2023 → 2025
Total assets
€41k▼ 27.7%
2024 · €56k
2023: €61khighest in 3 years
2024: €56k▼ -6.7% vs 2023
2025: €41k▼ -27.7% vs 2024lowest in 3 years
2023 → 2025
Net result
€-7k
2024 · €2k
2023: €16khighest in 3 years
2024: €2k▼ -88.4% vs 2023
2025: €-7k▼ -481% vs 2024lowest in 3 years
2023 → 2025
Working capital
€6k▼ 27.2%
2024 · €8k
2023: €6klowest in 3 years
2024: €8k▲ +48.4% vs 2023highest in 3 years
2025: €6k▼ -27.2% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€19k-€21k▲ 9.7%€14k▼ 33.8%
2023: €19k
2024: €21k▲ +9.7% vs 2023highest in 3 years
2025: €14k▼ -33.8% vs 2024lowest in 3 years
Operating result€19k-€3k▼ 83.9%€-7k
2023: €19khighest in 3 years
2024: €3k▼ -83.9% vs 2023
2025: €-7k▼ -317% vs 2024lowest in 3 years
Net result€16k-€2k▼ 88.4%€-7k
2023: €16khighest in 3 years
2024: €2k▼ -88.4% vs 2023
2025: €-7k▼ -481% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€14k ▼ 44.8%
Current assets
€27k ▼ 14.1%
Equity and liabilities €41k
Equity
€14k ▼ 33.8%
Debt
€27k ▼ 24.1%
Debt's share of the balance-sheet total rises from 63.0% to 66.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €13k
Cash flow
€4k▼
2024 · €12k
Current ratio
1.29▼
2024 · 1.37
Quick ratio
1.04▲
2024 · 1.04
Debt to equity
1.95▲
2024 · 1.70
ROE
-51.1%▼
2024 · 8.9%
ROA
-17.3%▼
2024 · 3.3%
Interest coverage
6.96▼
2024 · 12.70
Debt ≤ 1 year
€21k▼
2024 · €23k
Debt > 1 year
€6k▼
2024 · €13k
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€56k€41k▼
Fixed assets21/28€25k€14k▼
Tangible fixed assets22/27€25k€14k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€20k€12k▼
Current assets29/58€31k€27k▼
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€7k€9k▲
Trade receivables40€5k€6k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€17k€13k▼
Equity and liabilities
Total equity and liabilities10/49€56k€41k▼
Equity10/15€21k€14k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€18k€11k▼
Amounts payable17/49€36k€27k▼
Amounts payable after more than one year17€13k€6k▼
Financial debts170/4€13k€6k▼
Amounts payable within one year42/48€23k€21k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€3k€401▼
Taxes450/3€3k€401▼
Other amounts payable47/48€12k€9k▼
Accrued charges and deferred income492/3-€16
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€755€1k▲
Gross operating margin9900€14k€6k▼
Operating profit (loss)9901€3k€-7k▼
Financial income75/76B€232€235▲
Recurring financial income75€232€235▲
Financial charges65/66B€1k€650▼
Recurring financial charges65€1k€650▼
Profit (loss) for the period before taxes9903€2k€-7k▼
Income taxes67/77€401-
Profit (loss) for the period9904€2k€-7k▼
Profit (loss) for the period to be appropriated9905€2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€11k▼
Profit (loss) brought forward from the previous period14P€16k€18k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €10k | €11k | ▲ 8.8% |
| Other operating charges640/8 | €1k | €755 | €1k | ▲ 36.9% |
| Gross operating margin9900 | €32k | €14k | €6k | ▼ 60.6% |
| Operating profit (loss)9901 | €19k | €3k | €-7k | ▼ 317% |
| Financial income75/76B | €150 | €232 | €235 | ▲ 1.3% |
| Recurring financial income75 | €150 | €232 | €235 | ▲ 1.3% |
| Financial charges65/66B | €1k | €1k | €650 | ▼ 38.3% |
| Recurring financial charges65 | €1k | €1k | €650 | ▼ 38.3% |
| Profit (loss) for the period before taxes9903 | €18k | €2k | €-7k | ▼ 413% |
| Income taxes67/77 | €2k | €401 | - | - |
| Profit (loss) for the period9904 | €16k | €2k | €-7k | ▼ 481% |
| Profit (loss) for the period to be appropriated9905 | €16k | €2k | €-7k | ▼ 481% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61k | €56k | €41k | ▼ 27.7% |
| Fixed assets21/28 | €32k | €25k | €14k | ▼ 44.8% |
| Tangible fixed assets22/27 | €32k | €25k | €14k | ▼ 44.8% |
| Plant, machinery and equipment23 | €4k | €5k | €2k | ▼ 60.4% |
| Furniture and vehicles24 | €28k | €20k | €12k | ▼ 40.8% |
| Current assets29/58 | €28k | €31k | €27k | ▼ 14.1% |
| Stocks and contracts in progress3 | €7k | €7k | €5k | ▼ 30.1% |
| Stocks30/36 | €7k | €7k | €5k | ▼ 30.1% |
| Amounts receivable within one year40/41 | €6k | €7k | €9k | ▲ 33.2% |
| Trade receivables40 | €3k | €5k | €6k | ▲ 33.1% |
| Other amounts receivable41 | €3k | €2k | €3k | ▲ 33.6% |
| Cash at bank and in hand54/58 | €15k | €17k | €13k | ▼ 25.7% |
| Deferred charges and accrued income490/1 | €9 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61k | €56k | €41k | ▼ 27.7% |
| Equity10/15 | €19k | €21k | €14k | ▼ 33.8% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €16k | €18k | €11k | ▼ 39.5% |
| Amounts payable17/49 | €41k | €36k | €27k | ▼ 24.1% |
| Amounts payable after more than one year17 | €19k | €13k | €6k | ▼ 51.4% |
| Financial debts170/4 | €19k | €13k | €6k | ▼ 51.4% |
| Amounts payable within one year42/48 | €23k | €23k | €21k | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €6k | ▲ 3.4% |
| Trade debts44 | €3k | €2k | €5k | ▲ 204% |
| Suppliers440/4 | €3k | €2k | €5k | ▲ 204% |
| Taxes, remuneration and social security45 | €2k | €3k | €401 | ▼ 88.3% |
| Taxes450/3 | €2k | €3k | €401 | ▼ 88.3% |
| Other amounts payable47/48 | €11k | €12k | €9k | ▼ 21.1% |
| Accrued charges and deferred income492/3 | - | - | €16 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €2k | €-7k | ▼ 481% |
| + Depreciation and write-downs630 | €12k | €10k | €11k | ▲ 8.8% |
| Operating cash flow (approximation) | €28k | €12k | €4k | ▼ 66.2% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | ▲ 100% |
| Change in cash | - | €2k | €-4k | ▼ 294% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Maasmechelen · 1 establishment unit since 2022
Ground area
874 m²
Building footprint
207 m²
Volume, LiDAR
875 m³
Parcel 73013C0389/00A000, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FR-tech
since 20222.338.082.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013C0389/00A000 | Flanders | 873 m² | 1 · 207 m² | 9.4 m · 1 fl. |
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.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 3,003 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
Founded21-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Contact
E-mail
francesco_10@live.be
Scores and ratios are computed by Checked and are not a credit decision.