FRADI Express
ActiveSummary
The computed 12-month bankruptcy probability of FRADI Express is 1.8% (moderate). The 2024 annual accounts show negative equity (€-150k) and a net result of €-85k. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 11% of 26043 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-31
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.7 in 2023; short-term debt: 162.3% and cash: 24.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
-62.3%
Return on assets
-35.4%
Age of the figures
24 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-150k
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.
NBB · 7 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 28-04-2025, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
2 d early
2023
124 d early
2022
9 d early
2021
73 d early
2020
50 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-150k▼ 132%
2023 · €-64k
2018: €26khighest in 7 years
2019: €-102k▼ -485% vs 2018
2020: €-100k▲ +1.7% vs 2019
2021: €-97k▲ +2.8% vs 2020
2022: €-65k▲ +33.3% vs 2021
2023: €-64k▲ +0.5% vs 2022
2024: €-150k▼ -132% vs 2023lowest in 7 years
2018 → 2024
Total assets
€240k▲ 2.1%
2023 · €236k
2018: €320khighest in 7 years
2019: €251k▼ -21.6% vs 2018
2020: €243k▼ -3.1% vs 2019
2021: €218k▼ -10.4% vs 2020lowest in 7 years
2022: €229k▲ +5.1% vs 2021
2023: €236k▲ +2.8% vs 2022
2024: €240k▲ +2.1% vs 2023
2018 → 2024
Net result
€-85k
2023 · €295
2018: €-9k
2019: €-128k▼ -1384% vs 2018lowest in 7 years
2020: €2k▲ +101% vs 2019
2021: €3k▲ +57.7% vs 2020
2022: €32k▲ +1062% vs 2021highest in 7 years
2023: €295▼ -99.1% vs 2022
2024: €-85k▼ -28951% vs 2023
2018 → 2024
Working capital
€-183k▼ 102%
2023 · €-91k
2018: €-22khighest in 7 years
2019: €-144k▼ -555% vs 2018
2020: €-138k▲ +4.4% vs 2019
2021: €-128k▲ +7.2% vs 2020
2022: €-90k▲ +29.4% vs 2021
2023: €-91k▼ -0.1% vs 2022
2024: €-183k▼ -102% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-100k-€-97k▲ 2.8%€-65k▲ 33.3%€-64k▲ 0.5%€-150k▼ 132%
2020: €-100k
2021: €-97k▲ +2.8% vs 2020
2022: €-65k▲ +33.3% vs 2021
2023: €-64k▲ +0.5% vs 2022highest in 5 years
2024: €-150k▼ -132% vs 2023lowest in 5 years
Operating result€15k-€16k▲ 8.7%€31k▲ 86.3%€-8k€-85k▼ 1,001%
2020: €15k
2021: €16k▲ +8.7% vs 2020
2022: €31k▲ +86.3% vs 2021highest in 5 years
2023: €-8k▼ -125% vs 2022
2024: €-85k▼ -1001% vs 2023lowest in 5 years
Net result€2k-€3k▲ 57.7%€32k▲ 1,062%€295▼ 99.1%€-85k
2020: €2k
2021: €3k▲ +57.7% vs 2020
2022: €32k▲ +1062% vs 2021highest in 5 years
2023: €295▼ -99.1% vs 2022
2024: €-85k▼ -28951% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €85k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240k
Fixed assets
€33k ▲ 26.4%
Current assets
€207k ▼ 1.0%
Key figures and ratios
EBITDA
€-65k▼
2023 · €16k
Cash flow
€-65k▼
2023 · €24k
Solvency
-62.3%▼
2023 · -27.4%
Current ratio
0.53▼
2023 · 0.70
Quick ratio
0.20▼
2023 · 0.32
Debt to equity
-2.61▲
2023 · -4.65
ROA
-35.4%▼
2023 · 0.1%
Interest coverage
-3.83▼
2023 · 1.48
Debt
€390k▲
2023 · €300k
Debt ≤ 1 year
€390k▲
2023 · €300k
Income taxes
€152▲
2023 · €129
Staff costs
€119k▲
2023 · €85k
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€236k€240k▲
Fixed assets21/28€26k€33k▲
Tangible fixed assets22/27€25k€32k▲
Plant, machinery and equipment23€24k€17k▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26-€13k
Financial fixed assets28€850€850=
Current assets29/58€209k€207k▼
Stocks and contracts in progress3€115k€129k▲
Stocks30/36€115k€129k▲
Amounts receivable within one year40/41€16k€16k▲
Trade receivables40€455€0▼
Other amounts receivable41€15k€16k▲
Cash at bank and in hand54/58€75k€59k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€236k€240k▲
Equity10/15€-64k€-150k▼
Contributions10/11€35k€35k=
Profit (loss) carried forward14€-99k€-185k▼
Amounts payable17/49€300k€390k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€300k€390k▲
Current portion of amounts payable after more than one year42€15k€0▼
Trade debts44€257k€352k▲
Suppliers440/4€257k€352k▲
Taxes, remuneration and social security45€26k€37k▲
Taxes450/3€5k€12k▲
Remuneration and social security454/9€21k€25k▲
Other amounts payable47/48€1k€1k▲
Income statement
Code20232024
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€85k€119k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€20k▼
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€189€0▼
Gross operating margin9900€104k€58k▼
Operating profit (loss)9901€-8k€-85k▼
Financial income75/76B€19k€17k▼
Recurring financial income75€19k€17k▼
Financial charges65/66B€11k€17k▲
Recurring financial charges65€11k€17k▲
Profit (loss) for the period before taxes9903€424€-85k▼
Income taxes67/77€129€152▲
Profit (loss) for the period9904€295€-85k▼
Profit (loss) for the period to be appropriated9905€295€-85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-99k€-185k▼
Profit (loss) brought forward from the previous period14P€-100k€-99k▲
The notes to these accounts (9 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 | - | - | - | - | €7k | - |
| Remuneration, social security and pensions62 | - | - | €79k | €85k | €119k | ▲ 39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €25k | €25k | €24k | €20k | ▼ 17.3% |
| Other operating charges640/8 | - | - | €1k | €2k | €4k | ▲ 85.9% |
| Non-recurring operating charges66A | - | - | - | €189 | €0 | ▼ 100% |
| Gross operating margin9900 | €137k | €146k | €136k | €104k | €58k | ▼ 44.3% |
| Operating profit (loss)9901 | €15k | €16k | €31k | €-8k | €-85k | ▼ 1,001% |
| Financial income75/76B | - | - | €17k | €19k | €17k | ▼ 14.0% |
| Recurring financial income75 | €200 | €122 | €17k | €19k | €17k | ▼ 14.0% |
| Financial charges65/66B | - | - | €16k | €11k | €17k | ▲ 52.6% |
| Recurring financial charges65 | €13k | €14k | €16k | €11k | €17k | ▲ 52.6% |
| Profit (loss) for the period before taxes9903 | €2k | €3k | €32k | €424 | €-85k | ▼ 20,167% |
| Income taxes67/77 | €111 | €117 | €119 | €129 | €152 | ▲ 18.6% |
| Profit (loss) for the period9904 | €2k | €3k | €32k | €295 | €-85k | ▼ 28,951% |
| Profit (loss) for the period to be appropriated9905 | €2k | €3k | €32k | €295 | €-85k | ▼ 28,951% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €243k | €218k | €229k | €236k | €240k | ▲ 2.1% |
| Fixed assets21/28 | €90k | €65k | €41k | €26k | €33k | ▲ 26.4% |
| Intangible fixed assets21 | €2k | €647 | €0 | - | - | - |
| Tangible fixed assets22/27 | €87k | €63k | €40k | €25k | €32k | ▲ 27.3% |
| Plant, machinery and equipment23 | - | - | €39k | €24k | €17k | ▼ 28.5% |
| Furniture and vehicles24 | - | - | €1k | €1k | €2k | ▲ 19.4% |
| Other tangible fixed assets26 | - | - | - | - | €13k | - |
| Financial fixed assets28 | €850 | €850 | €850 | €850 | €850 | = |
| Current assets29/58 | €154k | €153k | €188k | €209k | €207k | ▼ 1.0% |
| Stocks and contracts in progress3 | €103k | €95k | €110k | €115k | €129k | ▲ 12.3% |
| Stocks30/36 | - | - | €110k | €115k | €129k | ▲ 12.3% |
| Amounts receivable within one year40/41 | €26k | €20k | €19k | €16k | €16k | ▲ 3.4% |
| Trade receivables40 | - | - | €3k | €455 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €16k | €15k | €16k | ▲ 6.5% |
| Cash at bank and in hand54/58 | €22k | €35k | €55k | €75k | €59k | ▼ 21.0% |
| Deferred charges and accrued income490/1 | - | - | €4k | €5k | €4k | ▼ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €243k | €218k | €229k | €236k | €240k | ▲ 2.1% |
| Equity10/15 | €-100k | €-97k | €-65k | €-64k | €-150k | ▼ 132% |
| Contributions10/11 | - | - | €35k | €35k | €35k | = |
| Profit (loss) carried forward14 | €-135k | €-132k | €-100k | €-99k | €-185k | ▼ 85.7% |
| Amounts payable17/49 | €343k | €315k | €294k | €300k | €390k | ▲ 30.0% |
| Amounts payable after more than one year17 | €51k | €34k | €15k | €0 | - | - |
| Financial debts170/4 | - | - | €15k | €0 | - | - |
| Amounts payable within one year42/48 | €292k | €281k | €278k | €300k | €390k | ▲ 30.0% |
| Current portion of amounts payable after more than one year42 | - | - | €18k | €15k | €0 | ▼ 100% |
| Trade debts44 | €248k | €237k | €240k | €257k | €352k | ▲ 36.7% |
| Suppliers440/4 | - | - | €240k | €257k | €352k | ▲ 36.7% |
| Taxes, remuneration and social security45 | - | - | €19k | €26k | €37k | ▲ 42.3% |
| Taxes450/3 | - | - | €3k | €5k | €12k | ▲ 172% |
| Remuneration and social security454/9 | - | - | €16k | €21k | €25k | ▲ 14.7% |
| Other amounts payable47/48 | - | - | €2k | €1k | €1k | ▲ 2.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €3k | €32k | €295 | €-85k | ▼ 28,951% |
| + Depreciation and write-downs630 | €25k | €25k | €25k | €24k | €20k | ▼ 17.3% |
| Operating cash flow (approximation) | €27k | €28k | €57k | €24k | €-65k | ▼ 368% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-9k | €-27k | ▼ 196% |
| Change in cash | - | €13k | €20k | €20k | €-16k | ▼ 178% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €32k ▲1,062%
Operating result €31k, net result €32k, both a record.
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €-128k
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
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.
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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, Mol · 1 establishment unit since 2017
Ground area
4,118 m²
Building footprint
343 m²
Volume, LiDAR
2,637 m³
Parcel 13432B2208/00A000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FRADI Express
since 20172.264.993.154
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13432B2208/00A000 | Flanders | 4,118 m² | 1 · 343 m² | 11.8 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 375 EUR awarded · 375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 375 EUR | 375 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 2 endedWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 2 ended approvals
Winkelbediende (so)
Winkelbediende (so)
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,348 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
Founded11-05-2017
Fiscal year end30-09
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.