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FRAAIS

Active
Private limited companyfounded 20242 yrs activeMolenstraat 13, 8310 Brugge, BelgiumKBO/BCE: BE 1005.866.739
Summary

The computed 12-month bankruptcy probability of FRAAIS is 6.5% (elevated). The 2025 annual accounts show negative equity (-€140) and a net result of -€50,140. Its solvency ranks better than 26% of 13683 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency25
Growth-
Track record67
Bankruptcy probability, 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53; short-term debt: 33.1% and cash: 7% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-0.1%
Return on assets
-27.7%
Age of the figures
18 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
on the day
← before the deadline after the deadline →
Checked, nothing found (1)
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

History

FRAAIS was incorporated on 9 February 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€140
Total assets
€181,315
Net result
-€50,140
Working capital
-€28,473

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €181,315
Fixed assets €149,720
Current assets €31,595
Key figures and ratios
2025 value
EBITDA
-€9,997
Cash flow
-€17,623
Solvency
-0.1%
Current ratio
0.53
ROA
-27.7%
Interest coverage
-1.21
Debt
€181,455
Debt ≤ 1 year
€60,068
Debt > 1 year
€121,388
Equity ratios withheld: equity of -€140 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€181,315
Fixed assets21/28€149,720
Intangible fixed assets21€46,798
Tangible fixed assets22/27€102,922
Plant, machinery and equipment23€102,922
Current assets29/58€31,595
Amounts receivable within one year40/41€18,466
Trade receivables40€18,466
Cash at bank and in hand54/58€12,751
Deferred charges and accrued income490/1€378
Equity and liabilities
Total equity and liabilities10/49€181,315
Equity10/15-€140
Contributions10/11€50,000
Profit (loss) carried forward14-€50,140
Amounts payable17/49€181,455
Amounts payable after more than one year17€121,388
Financial debts170/4€121,388
Amounts payable within one year42/48€60,068
Current portion of amounts payable after more than one year42€31,092
Trade debts44€15,775
Suppliers440/4€15,775
Taxes, remuneration and social security45€201
Taxes450/3€201
Other amounts payable47/48€13,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,517
Other operating charges640/8€1,615
Gross operating margin9900-€8,382
Operating profit (loss)9901-€42,513
Financial income75/76B€603
Recurring financial income75€603
Financial charges65/66B€8,230
Recurring financial charges65€8,230
Profit (loss) for the period before taxes9903-€50,140
Profit (loss) for the period9904-€50,140
Profit (loss) for the period to be appropriated9905-€50,140
Appropriation of the result
Profit (loss) to be appropriated9906-€50,140

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,517
Other operating charges640/8€1,615
Gross operating margin9900-€8,382
Operating profit (loss)9901-€42,513
Financial income75/76B€603
Recurring financial income75€603
Financial charges65/66B€8,230
Recurring financial charges65€8,230
Profit (loss) for the period before taxes9903-€50,140
Profit (loss) for the period9904-€50,140
Profit (loss) for the period to be appropriated9905-€50,140
Line2025
Assets
Total assets20/58€181,315
Fixed assets21/28€149,720
Intangible fixed assets21€46,798
Tangible fixed assets22/27€102,922
Plant, machinery and equipment23€102,922
Current assets29/58€31,595
Amounts receivable within one year40/41€18,466
Trade receivables40€18,466
Cash at bank and in hand54/58€12,751
Deferred charges and accrued income490/1€378
Equity and liabilities
Total equity and liabilities10/49€181,315
Equity10/15-€140
Contributions10/11€50,000
Profit (loss) carried forward14-€50,140
Amounts payable17/49€181,455
Amounts payable after more than one year17€121,388
Financial debts170/4€121,388
Amounts payable within one year42/48€60,068
Current portion of amounts payable after more than one year42€31,092
Trade debts44€15,775
Suppliers440/4€15,775
Taxes, remuneration and social security45€201
Taxes450/3€201
Other amounts payable47/48€13,000
Line2025
Profit (loss) for the period9904-€50,140
+ Depreciation and write-downs630€32,517
Operating cash flow (approximation)-€17,623

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Brugge · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,042 m²
Building footprint
317 m²
Volume, LiDAR
1,681 m³
2 parcels, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
FRAAIS
Astridlaan 218, 8310 BruggeRetail sale of bread and pastry (bakery outlets)
since 20242.355.626.192
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31434C0219/00Z005 Flanders 620 m² 1 · 169 m² 11.3 m · 1 fl.
31434C0240/00W003 Flanders 421 m² 1 · 148 m² 9.8 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
Brugge2.355.626.192
1 permission
Toelating · Frituur · since 19-02-2024

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded09-02-2024
Fiscal year end31-03
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47110Non-specialised retail sale with food, beverages or tobacco predominating
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005866739
Registered 03-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.