Turnover
≈ €440,000 estimated
The micro format states no turnover.
Fratec
Lifetime
6 annual accounts with figures on one time axispeak €208,243 (2024)
€152,591▼ 26.7%
lowest -€104,731 (2022)
€20,565▲ 11×
peak €32,319 (2025)
€32,319▲ 175%
€96,888▼ 19.2%
peak 4.2 FTE (2020)
-not published
Board1 name since 2019
1 director
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €208,243 to €152,591Result from €1,800 to €20,565Equity from €11,754 to €32,319Debts from €119,894 to €96,888Cash from €11,676 to €22,353
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,683 companies had the same profile as Fratec has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,683 companies, not a prediction for Fratec. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 23-08-2019
- 100 sharesdeed of 27-08-2019
- 100 sharesdeed of 27-08-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0732821934
Incorporation
Founding capital of €20,000, 200 shares · Founders: ; · Appointment: (director) · published on 27-08-2019 · Gazette deed
First establishment
BistrObelix, Hasseltsesteenweg 599, Tongeren-Borgloon
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Fratec Hasselt | €129,207 | €152,591 | 25.0% | - |
| TAVERNE ATHENE TAKIS Beringen | €123,325 | €140,271 | 73.5% | - |
| Qubbe Genk | €132,909 | €180,431 | 36.1% | - |
| LIEON Hasselt | €118,548 | €142,637 | 48.5% | - |
| SRL SUGOI Liège | €126,107 | €168,085 | 44.2% | - |
| BAR EN KWIZINE Bonheiden | €138,558 | €159,684 | 18.5% | - |
| JREC FOOD Mons | €127,057 | €137,604 | -1.0% | - |
These companies have the same main activity as Fratec: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €119,000 and €139,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 23-08-2019Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Joint committee
- 302Hotels and catering · annual accounts 2021
- Establishment unit
- 2.293.495.4173700 Tongeren-Borgloon, since 23-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Insights on Fratec
Fratec files the micro format. That format states no turnover. The gross margin rose from €94,233 in 2020 to €152,591 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Fratec
- What is the company number of Fratec?
- The company number of Fratec is 0732.821.934. The VAT number is the same number with BE in front: BE 0732.821.934.
- Where is Fratec based?
- The registered office is at Mersenhovenstraat 53, 3723 Hasselt.Company details
- What does Fratec do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Fratec?
- Fratec is a private limited company (BV).
- When was Fratec founded?
- Fratec was founded on 23-08-2019.
- Is Fratec still active?
- Yes, Fratec is an active enterprise in the KBO register.
- How many employees does Fratec have?
- Fratec had an average of 13.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Fratec fall under?
- In its 2021 annual accounts, Fratec states joint committee 302 (Hotels and catering).
- What is the turnover of Fratec?
- The turnover in financial year 2025 is ≈ €440,000. This figure is estimated from the gross margin of €152,591 and 87 comparable companies (NACE 56111). It probably lies between €370,000 and €540,000.
- Is Fratec profitable?
- In financial year 2025, Fratec made a profit of €20,565.
- Where can I find the annual accounts of Fratec?
- Fratec filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Fratec due?
- Fratec must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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