Fratec
ActiveSummary
The computed 12-month bankruptcy probability of Fratec is 3.1% (moderate). The 2025 annual accounts show equity of €32k and a net result of €21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 13417 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+19
Solvency50▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.22 in 2024; short-term debt: 75% and cash: 17.3% of total assets), and 75% 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.
−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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25%
Return on assets
15.9%
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 28-08-2026, 28 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 · 6 filingsDeviation from the deadline
2025
28 d late
2024
20 d early
2023
61 d late
2022
29 d late
2021
18 d late
2020
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
€32k▲ 175%
2024 · €12k
2020: €-19k
2021: €-113k▼ -491% vs 2020
2022: €-218k▼ -92.5% vs 2021
2023: €-280k▼ -28.5% vs 2022lowest in 6 years
2024: €12k▲ +104% vs 2023
2025: €32k▲ +175% vs 2024highest in 6 years
2020 → 2025
Total assets
€129k▼ 1.9%
2024 · €132k
2020: €199k
2021: €214k▲ +7.3% vs 2020highest in 6 years
2022: €179k▼ -16.1% vs 2021
2023: €152k▼ -15.1% vs 2022
2024: €132k▼ -13.6% vs 2023
2025: €129k▼ -1.9% vs 2024lowest in 6 years
2020 → 2025
Net result
€21k▲ 1,043%
2024 · €2k
2020: €-39k
2021: €-94k▼ -140% vs 2020
2022: €-105k▼ -11.3% vs 2021lowest in 6 years
2023: €-62k▲ +40.8% vs 2022
2024: €2k▲ +103% vs 2023
2025: €21k▲ +1043% vs 2024highest in 6 years
2020 → 2025
Working capital
€-49k▲ 47.5%
2024 · €-93k
2020: €-102k
2021: €-225k▼ -120% vs 2020
2022: €-330k▼ -46.4% vs 2021
2023: €-400k▼ -21.4% vs 2022lowest in 6 years
2024: €-93k▲ +76.8% vs 2023
2025: €-49k▲ +47.5% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-113k-€-218k▼ 92.5%€-280k▼ 28.5%€12k€32k▲ 175%
2021: €-113k
2022: €-218k▼ -92.5% vs 2021
2023: €-280k▼ -28.5% vs 2022lowest in 5 years
2024: €12k▲ +104% vs 2023
2025: €32k▲ +175% vs 2024highest in 5 years
Operating result€-91k-€-100k▼ 9.0%€-58k▲ 42.0%€5k€24k▲ 398%
2021: €-91k
2022: €-100k▼ -9.0% vs 2021lowest in 5 years
2023: €-58k▲ +42.0% vs 2022
2024: €5k▲ +108% vs 2023
2025: €24k▲ +398% vs 2024highest in 5 years
Net result€-94k-€-105k▼ 11.3%€-62k▲ 40.8%€2k€21k▲ 1,043%
2021: €-94k
2022: €-105k▼ -11.3% vs 2021lowest in 5 years
2023: €-62k▲ +40.8% vs 2022
2024: €2k▲ +103% vs 2023
2025: €21k▲ +1043% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 398% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129k
Fixed assets
€81k ▼ 22.5%
Current assets
€48k ▲ 78.4%
Equity and liabilities €129k
Equity
€32k ▲ 175%
Debt
€97k ▼ 19.2%
Debt's share of the balance-sheet total falls from 91.1% to 75.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▲
2024 · €32k
Cash flow
€45k▲
2024 · €29k
Current ratio
0.50▲
2024 · 0.22
Quick ratio
0.33▲
2024 · 0.12
Debt to equity
3.00▼
2024 · 10.20
ROE
63.6%▲
2024 · 15.3%
ROA
15.9%▲
2024 · 1.4%
Interest coverage
16.20▲
2024 · 10.82
Debt ≤ 1 year
€97k▼
2024 · €120k
Staff costs
€102k▼
2024 · €175k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€132k€129k▼
Fixed assets21/28€105k€81k▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€95k€73k▼
Plant, machinery and equipment23€82k€64k▼
Furniture and vehicles24€13k€10k▼
Financial fixed assets28€8k€8k=
Current assets29/58€27k€48k▲
Stocks and contracts in progress3€13k€17k▲
Stocks30/36€13k€17k▲
Amounts receivable within one year40/41€2k€7k▲
Trade receivables40€307€5k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€12k€22k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€132k€129k▼
Equity10/15€12k€32k▲
Contributions10/11€310k€310k=
Profit (loss) carried forward14€-298k€-278k▲
Amounts payable17/49€120k€97k▼
Amounts payable within one year42/48€120k€97k▼
Current portion of amounts payable after more than one year42€12k-
Trade debts44€46k€1k▼
Suppliers440/4€46k€1k▼
Taxes, remuneration and social security45€47k€46k▼
Taxes450/3€13k€14k▲
Remuneration and social security454/9€33k€33k▼
Other amounts payable47/48€15k€50k▲
Income statement
Code20242025
Remuneration, social security and pensions62€175k€102k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€25k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€208k€153k▼
Operating profit (loss)9901€5k€24k▲
Financial income75/76B€33€29▼
Recurring financial income75€33€29▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€2k€21k▲
Profit (loss) for the period9904€2k€21k▲
Profit (loss) for the period to be appropriated9905€2k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-298k€-278k▲
Profit (loss) brought forward from the previous period14P€-300k€-298k▲
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €181k | €217k | €215k | €175k | €102k | ▼ 41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €26k | €27k | €27k | €25k | ▼ 9.5% |
| Other operating charges640/8 | €2k | €2k | €3k | €2k | €2k | ▲ 38.3% |
| Gross operating margin9900 | €116k | €145k | €187k | €208k | €153k | ▼ 26.7% |
| Operating profit (loss)9901 | €-91k | €-100k | €-58k | €5k | €24k | ▲ 398% |
| Financial income75/76B | €829 | €32 | €13 | €33 | €29 | ▼ 12.6% |
| Recurring financial income75 | €829 | €32 | €13 | €33 | €29 | ▼ 12.6% |
| Financial charges65/66B | €4k | €5k | €4k | €3k | €3k | ▲ 0.6% |
| Recurring financial charges65 | €4k | €5k | €4k | €3k | €3k | ▲ 0.6% |
| Profit (loss) for the period before taxes9903 | €-94k | €-105k | €-62k | €2k | €21k | ▲ 1,043% |
| Profit (loss) for the period9904 | €-94k | €-105k | €-62k | €2k | €21k | ▲ 1,043% |
| Profit (loss) for the period to be appropriated9905 | €-94k | €-105k | €-62k | €2k | €21k | ▲ 1,043% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214k | €179k | €152k | €132k | €129k | ▼ 1.9% |
| Fixed assets21/28 | €170k | €147k | €132k | €105k | €81k | ▼ 22.5% |
| Intangible fixed assets21 | €11k | €8k | €5k | €2k | - | - |
| Tangible fixed assets22/27 | €160k | €139k | €119k | €95k | €73k | ▼ 22.7% |
| Plant, machinery and equipment23 | €141k | €123k | €103k | €82k | €64k | ▼ 22.3% |
| Furniture and vehicles24 | €19k | €16k | €16k | €13k | €10k | ▼ 25.0% |
| Financial fixed assets28 | - | - | €8k | €8k | €8k | = |
| Current assets29/58 | €44k | €32k | €20k | €27k | €48k | ▲ 78.4% |
| Stocks and contracts in progress3 | €21k | €17k | €13k | €13k | €17k | ▲ 28.0% |
| Stocks30/36 | €21k | €17k | €13k | €13k | €17k | ▲ 28.0% |
| Amounts receivable within one year40/41 | €6k | €3k | €5k | €2k | €7k | ▲ 217% |
| Trade receivables40 | €4k | €967 | €2k | €307 | €5k | ▲ 1,564% |
| Other amounts receivable41 | €2k | €2k | €2k | €2k | €2k | ▲ 16.2% |
| Cash at bank and in hand54/58 | €17k | €11k | €2k | €12k | €22k | ▲ 91.5% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214k | €179k | €152k | €132k | €129k | ▼ 1.9% |
| Equity10/15 | €-113k | €-218k | €-280k | €12k | €32k | ▲ 175% |
| Contributions10/11 | €20k | €20k | €20k | €310k | €310k | = |
| Profit (loss) carried forward14 | €-133k | €-238k | €-300k | €-298k | €-278k | ▲ 6.9% |
| Amounts payable17/49 | €327k | €397k | €432k | €120k | €97k | ▼ 19.2% |
| Amounts payable after more than one year17 | €58k | €35k | €12k | - | - | - |
| Financial debts170/4 | €58k | €35k | €12k | - | - | - |
| Amounts payable within one year42/48 | €269k | €362k | €421k | €120k | €97k | ▼ 19.2% |
| Current portion of amounts payable after more than one year42 | €23k | €23k | €23k | €12k | - | - |
| Trade debts44 | €44k | €70k | €57k | €46k | €1k | ▼ 97.8% |
| Suppliers440/4 | €44k | €70k | €57k | €46k | €1k | ▼ 97.8% |
| Advances received on contracts in progress46 | €4k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €33k | €41k | €45k | €47k | €46k | ▼ 0.9% |
| Taxes450/3 | €8k | €11k | €13k | €13k | €14k | ▲ 2.4% |
| Remuneration and social security454/9 | €25k | €30k | €32k | €33k | €33k | ▼ 2.2% |
| Other amounts payable47/48 | €165k | €228k | €296k | €15k | €50k | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-94k | €-105k | €-62k | €2k | €21k | ▲ 1,043% |
| + Depreciation and write-downs630 | €25k | €26k | €27k | €27k | €25k | ▼ 9.5% |
| Operating cash flow (approximation) | €-69k | €-79k | €-35k | €29k | €45k | ▲ 55.6% |
| Investment in fixed assets (approximation) | - | €-3k | €-12k | €0 | €-1k | - |
| Change in cash | - | €-5k | €-10k | €10k | €11k | ▲ 5.6% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2020net €21k ▲1,043%
Operating result €24k, net result €21k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-105k
Net result drops to €-105k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Hasselt · 1 establishment unit since 2019
Ground area
2,432 m²
Building footprint
498 m²
Volume, LiDAR
2,866 m³
2 parcels, Flanders · tallest building 15.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BistrObelix
since 20192.293.495.417
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73020A0003/00V000 | Flanders | 1,391 m² | 1 · 278 m² | 8.9 m · 2 fl. |
| 73062A0216/00K000 | Flanders | 1,041 m² | 1 · 220 m² | 15.9 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.293.495.417
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,546 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
Founded23-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.