FRATEUR
ActiveFRATEUR has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €4k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 34% of 1517 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+73
Solvency39▲+3
Growth59▲+17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.19 in 2024; short-term debt: 86.2% and cash: 1% of total assets), and 86.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 77
Relative position
BE, all sectors
reference
Sector 77
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
13.8%
Return on assets
3.4%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-11-2025, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
7 d early
2023
12 d early
2022
3 d late
2021
2 d early
2020
24 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€218k▲ 8.4%
2019 · €201k
2019: €201k
2019 → 2020
EBIT margin
0.1%▲ 9.9pp
2019 · -9.8%
2019: -9.8%
2019 → 2020
Net result
€4k
2024 · €-22k
2019: €-21k
2020: €-2k
2021: €-42k
2022: €19k
2023: €41k
2024: €-22k
2019 → 2025
Working capital
€-65k▲ 19.0%
2024 · €-80k
2019: €-68k
2020: €-69k
2021: €-58k
2022: €-61k
2023: €-18k
2024: €-80k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-26k-€-7k▲ 72.5%€34k€12k▼ 63.9%€16k▲ 32.2%
Operating result€-39k-€20k€43k▲ 113%€-21k€6k
Net result€-42k-€19k€41k▲ 119%€-22k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €21k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€82k▼ 12.1%
Current assets
€37k▲ 99.6%
Equity and liabilities €118k
Equity
€16k▲ 32.2%
Debt
€102k▲ 3.2%
The debt ratio falls from 88.9% to 86.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▲
2024 · €-6k
Cash flow
€15k▲
2024 · €-7k
Solvency
13.8%▲
2024 · 11.1%
Current ratio
0.36▲
2024 · 0.19
Quick ratio
0.36▲
2024 · 0.19
Debt / equity
6.24▼
2024 · 8.00
ROE
24.4%▲
2024 · -176.9%
ROA
3.4%▲
2024 · -19.6%
Interest coverage
8.92▲
2024 · -9.54
Debt
€102k▲
2024 · €99k
Debt ≤ 1 year
€102k▲
2024 · €99k
Income taxes
€200▲
2024 · €141
Staff costs
€144
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€111k€118k▲
Fixed assets21/28€93k€82k▼
Tangible fixed assets22/27€93k€82k▼
Plant, machinery and equipment23€81k€73k▼
Furniture and vehicles24€12k€9k▼
Current assets29/58€18k€37k▲
Amounts receivable within one year40/41€12k€36k▲
Trade receivables40€12k€24k▲
Other amounts receivable41-€12k
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€4k€31▼
Equity and liabilities
Total equity and liabilities10/49€111k€118k▲
Equity10/15€12k€16k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€-2k€2k▲
Amounts payable17/49€99k€102k▲
Amounts payable within one year42/48€99k€102k▲
Financial debts43€19k€50▼
Credit institutions430/8€19k€50▼
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€8k€20k▲
Taxes450/3€611€14k▲
Remuneration and social security454/9€8k€6k▼
Other amounts payable47/48€67k€66k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€144
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€11k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€-3k€21k▲
Operating profit (loss)9901€-21k€6k▲
Financial income75/76B€77€9▼
Recurring financial income75€77€9▼
Financial charges65/66B€642€2k▲
Recurring financial charges65€642€2k▲
Profit (loss) for the period before taxes9903€-22k€4k▲
Income taxes67/77€141€200▲
Profit (loss) for the period9904€-22k€4k▲
Profit (loss) for the period to be appropriated9905€-22k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€2k▲
Profit (loss) brought forward from the previous period14P€20k€-2k▼
The notes to these accounts (4 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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
31-03
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €41k ▲119%
Operating result €43k, net result €41k, both a record.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
31-03
Financial
Back to profitnet €19k
Net result €19k after 3 loss-making years.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
01-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Aartselaar · 2 establishment units since 2005
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.
Buerstedelei 1A2630 AartselaarGround area
7,648 m²
Building footprint
2,952 m²
Volume, LiDAR
21,120 m³
2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
FRATEUR
since 20052.147.422.424
Frateur
since 20222.357.493.839
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0355/00E000 | Flanders | 6,755 m² | 1 · 2,741 m² | 8.8 m · 2 fl. |
| 11372A0160/00L005 | Flanders | 892 m² | 1 · 210 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FOUR C EVENTS
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Of 517 companies in sector 77222 we hold annual accounts for 165. 88 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-05-2005
Fiscal year end31-03
Activities, NACEBEL
71403
77222Rental and leasing activities
71408
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.