FRAGMAI
ActiveThe computed 12-month bankruptcy probability of FRAGMAI is 1.7% (moderate). The annual accounts of FRAGMAI for fiscal year 2025 show a net loss of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €8k and a net result of €-9k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 41% of 13091 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-30
Solvency45▼-15
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.24 against 0.53 in 2024; short-term debt: 80.1% and cash: 3.6% of total assets), and 80.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 56
higher
← 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
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
19.9%
Return on assets
-20.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-9k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
22 d early
2023
21 d early
2022
33 d early
2021
2 d late
2020
9 d late
2019
25 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k▼ 50.9%
2024 · €17k
2018: €14k
2019: €14k
2020: €8k
2021: €9k
2022: €10k
2023: €21k
2024: €17k
2018 → 2025
Total assets
€42k▼ 14.4%
2024 · €49k
2018: €46k
2019: €44k
2020: €36k
2021: €33k
2022: €25k
2023: €90k
2024: €49k
2018 → 2025
Net result
€-9k▼ 90.1%
2024 · €-5k
2018: €5k
2019: €221
2020: €-6k
2021: €1k
2022: €929
2023: €11k
2024: €-5k
2018 → 2025
Working capital
€-25k▼ 227%
2024 · €-8k
2018: €-26k
2019: €-20k
2020: €-19k
2021: €-13k
2022: €-8k
2023: €-141
2024: €-8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€10k▲ 10.1%€21k▲ 111%€17k▼ 21.1%€8k▼ 50.9%
Operating result€2k-€3k▲ 60.5%€13k▲ 372%€-3k€-7k▼ 133%
Net result€1k-€929▼ 7.2%€11k▲ 1,112%€-5k€-9k▼ 90.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€34k▼ 16.2%
Current assets
€8k▼ 5.8%
Equity and liabilities €42k
Equity
€8k▼ 50.9%
Debt
€33k▲ 5.0%
The debt ratio rises from 65.3% to 80.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-211▼
2024 · €4k
Cash flow
€-1k▼
2024 · €2k
Solvency
19.9%▼
2024 · 34.7%
Current ratio
0.24▼
2024 · 0.53
Quick ratio
0.24▼
2024 · 0.53
Debt / equity
4.03▲
2024 · 1.88
ROE
-103.6%▼
2024 · -26.8%
ROA
-20.6%▼
2024 · -9.3%
Interest coverage
-0.17▼
2024 · 2.70
Debt
€33k▲
2024 · €32k
Debt ≤ 1 year
€33k▲
2024 · €16k
Debt > 1 year
€0▼
2024 · €15k
Staff costs
€5k▲
2024 · €1k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€49k€42k▼
Fixed assets21/28€40k€34k▼
Tangible fixed assets22/27€39k€32k▼
Plant, machinery and equipment23€37k€30k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€1k€2k▲
Current assets29/58€9k€8k▼
Amounts receivable within one year40/41€7k€5k▼
Trade receivables40€5k€4k▼
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€12€1k▲
Equity and liabilities
Total equity and liabilities10/49€49k€42k▼
Equity10/15€17k€8k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€7k€7k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-9k€-17k▼
Amounts payable17/49€32k€33k▲
Amounts payable after more than one year17€15k€0▼
Financial debts170/4€15k€0▼
Amounts payable within one year42/48€16k€33k▲
Current portion of amounts payable after more than one year42€6k€0▼
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45-€1k
Remuneration and social security454/9-€1k
Other amounts payable47/48€2k€23k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€1k€312▼
Gross operating margin9900€6k€5k▼
Operating profit (loss)9901€-3k€-7k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-5k€-9k▼
Profit (loss) for the period9904€-5k€-9k▼
Profit (loss) for the period to be appropriated9905€-5k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-17k▼
Profit (loss) brought forward from the previous period14P€-4k€-9k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €11k ▲1112%
Operating result €13k, net result €11k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 74 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Fleurus · 1 establishment unit since 1999
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.
Rue de la Station(FL) 1166220 FleurusGround area
138 m²
Building footprint
95 m²
Volume, LiDAR
1,010 m³
Parcel 52021C0149/00F000, Wallonia · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FRAGMAI
since 19992.096.322.428
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52021C0149/00F000 | Wallonia | 138 m² | 1 · 95 m² | 13.7 m · 4 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 siteFleurus2.096.322.428
Similar companies · same sector, comparable size
DSD EVENTS
BE 0805.120.289
Turnhout · Eq €8k
COOK'N FRITE
BE 0768.823.978
Manage · Eq €8k
FloraDora
BE 1014.919.710
Sint-Niklaas · Eq €8k
LA FONDA PAISA
BE 0700.458.378
Brussel · Eq €8k
KING CONE
BE 0768.714.508
Farciennes · Eq €8k
Of 21,911 companies in sector 56112 we hold annual accounts for 9,783. 6,444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-1999
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.