FRATELLI GLC
The computed 12-month bankruptcy probability of FRATELLI GLC is 11.5% (high). The 2023 annual accounts show negative equity (€-8k) and a net result of €-7k. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 24% of 4701 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-8k |
| Net result | €-7k |
| Better than sector | 24% |
| Active | 5 yrs |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -19.2% | 16.6% | |
| Net result | €-7k | €2k | |
| Equity | €-8k | €11k | |
| Gross operating margin | €-3k | €42k | |
| Staff costs | €75 | €47k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-4k |
| Net profit | €-7k |
| Cash flow | €-4k |
| Staff costs | €75 |
| Income taxes | - |
| Dividends | - |
| Total assets | €41k |
| Equity | €-8k |
| Debt | €48k |
| of which ≤ 1y | €48k |
| of which > 1y | - |
| Working capital | €-11k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.78 |
| Quick ratio | 0.66 |
| Working capital ratio | -26.4% |
| Solvency | -19.2% |
| Debt / equity | -6.21 |
| Long-term debt ratio | - |
| Interest coverage | -140964.00 |
| Gross margin | - |
| Net margin | - |
| ROA | -17.4% |
| ROE | 90.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €41k |
| Fixed assets | 21/28 | €4k |
| Tangible fixed assets | 22/27 | €3k |
| Financial fixed assets | 28 | €300 |
| Current assets | 29/58 | €37k |
| Stocks & contracts in progress | 3 | €5k |
| Amounts receivable within one year | 40/41 | €7k |
| Cash & bank | 54/58 | €23k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €41k |
| Equity | 10/15 | €-8k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-11k |
| Amounts payable | 17/49 | €48k |
| Amounts payable within one year | 42/48 | €48k |
| Trade debts payable within one year | 44 | €27k |
| Income statement | ||
| Gross operating margin | 9900 | €-3k |
| Operating result | 9901 | €-7k |
| Financial income | 75 | €5 |
| Financial charges | 65 | €0 |
| Result before taxes | 9903 | €-7k |
| Net result for the period | 9904 | €-7k |
| Result to be appropriated | 9905 | €-7k |
| NACE primary | Food & beverage service(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 20-05-2021 |
| Status | Active |
| Postal code | 1950 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 57462D0312/00F000 | Wallonia | 323 m² | 1 · 108 m² | 17.5 m · 5 fl. |
| 57462D0184/00X000 | Wallonia | 130 m² | 1 · 119 m² | 19.5 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
17-03-2025 Articles of association amended, coordination of the articles, full restatement of the articles and name change
Technical details
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"previous_ag_date": "2023-04-14",
"previous_mb_reference": "23144048"
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}13-11-2023 3 directors appointed, 1 resigning
- Buscema Mario, Bestuurder
- Buscema Gianni, Commissaris
- Buscema Luca, Commissaris
- Tsang Kam Ling, Directeur
Technical details
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}04-04-2023 2 resigning
- YANG Ke, Gedelegeerd bestuurder
- YANG Lihua, Gedelegeerd bestuurder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | FRATELLI GLC |