FRAYA
ActiveSummary
FRAYA has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€304,064) and a net result of €9,306. Equity has been stable since 2018 (±1.4% per year). Its solvency ranks better than 5% of 9,845 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-04-1991 Normal situation
- Activity
- Wholesale trade NACE 46498and 1 other
- Joint committee
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2021
- Establishment unit
- 2.300.470.113 2300 Turnhout, since 14-03-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 08-10-2026
Board and ownership
Board
- Malta BVDirector
Shareholders
- Malta BVBAconsolidates· score 7annual accounts 2016
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
Annual accounts 2025
- Gross margin
- €93,356
- ▲ 23.5%
- Turnover
- ≈ €360,000
- estimated
- Profit
- €9,306
- ▲ 249%
- Equity
- -€304,064
- ▲ 3.0%
- Total assets
- €191,604
- ▲ 6.9%
- Employees on 31-12-2025
- 1
- ▼ 50.0%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€304,064lowers riskSize: total assets €191,604Founded in 1991Figures for financial year 2025 (filed on 01-06-2026)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 26% of micro companies in wholesale trade (NACE 46)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
0=
equity -158.7% of total assets
Liquidity
5-1
short-term debt 258.7% · cash 4.3%
Profitability
53+12
return on assets 4.9%
Bankruptcy probability within 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.4%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.34 (0.31 in 2024), below 1. Short-term debt is 258.7% and cash 4.3% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 8% on liquidity, 40% on profitability and 50% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9845 sector peers (2025).
NBB · sector comparisonPosition among 9845 sector peers
Solvency
better than 5%
← weakest
strongest →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 days early
2024
59 days early
2023
61 days early
2022
55 days early
2021
23 days late
2020
205 days late
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-06-2026 PDF all 34 filings
Turnover
≈ €360,000
Estimated: probably between €190,000 and €500,000
Total assets
€191,604▲ 6.9%
2024 · €179,193
Net result
€9,306▲ 249%
2024 · €2,665
Working capital
-€326,527▲ 4.1%
2024 · -€340,606
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€16,048
▲ 78.0%
2025
20182025
Net result
€9,306
▲ 249%
2025
middle half of the sector
20182025
Equity
-€304,064
▲ 3.0%
2025
lowest quarter of the sector
20182025
Total assets
€191,604
▲ 6.9%
2025
lowest quarter of the sector
20182025
Debt
€495,668
▲ 0.6%
2025
20182025
Working capital
-€326,527
▲ 4.1%
2025
lowest quarter of the sector
20182025
Solvency
-158.7%
▲ 16.2pp
2025
lowest quarter of the sector
20182025
Current ratio
0.34
▲ 0.03
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
4.9%
▲ 3.4pp
2025
middle half of the sector
20182025
Staff (FTE)
1.2
▼ 40.0%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€78,968--€35,247▲ 55.4%-€69,756▼ 97.9%-€7,576▲ 89.1%€22,267€18,095▼ 18.7%€9,016▼ 50.2%€16,048▲ 78.0%
Net result-€89,561--€49,288▲ 45.0%-€74,123below the sector's middle half▼ 50.4%-€17,727below the sector's middle half▲ 76.1%€16,580within the sector's middle half€12,969within the sector's middle half▼ 21.8%€2,665within the sector's middle half▼ 79.4%€9,306within the sector's middle half▲ 249%
Equity-€204,446--€253,733▼ 24.1%-€327,857below the sector's middle half▼ 29.2%-€345,584below the sector's middle half▼ 5.4%-€329,004below the sector's middle half▲ 4.8%-€316,035below the sector's middle half▲ 3.9%-€313,370below the sector's middle half▲ 0.8%-€304,064below the sector's middle half▲ 3.0%
Total assets€199,509-€185,902▼ 6.8%€156,700within the sector's middle half▼ 15.7%€134,687within the sector's middle half▼ 14.0%€150,401within the sector's middle half▲ 11.7%€176,144below the sector's middle half▲ 17.1%€179,193below the sector's middle half▲ 1.7%€191,604below the sector's middle half▲ 6.9%
Debt€403,955-€439,636▲ 8.8%€484,557▲ 10.2%€480,271▼ 0.9%€479,406▼ 0.2%€492,179▲ 2.7%€492,563▲ 0.1%€495,668▲ 0.6%
Working capital-€201,152--€258,825▼ 28.7%-€346,750below the sector's middle half▼ 34.0%-€371,800below the sector's middle half▼ 7.2%-€354,497below the sector's middle half▲ 4.7%-€349,722below the sector's middle half▲ 1.3%-€340,606below the sector's middle half▲ 2.6%-€326,527below the sector's middle half▲ 4.1%
Solvency-102.5%--136.5%▼ 34.0pp-209.2%below the sector's middle half▼ 72.7pp-256.6%below the sector's middle half▼ 47.4pp-218.8%below the sector's middle half▲ 37.8pp-179.4%below the sector's middle half▲ 39.3pp-174.9%below the sector's middle half▲ 4.5pp-158.7%below the sector's middle half▲ 16.2pp
Current ratio0.47-0.40▼ 0.070.26below the sector's middle half▼ 0.130.23below the sector's middle half▼ 0.040.26below the sector's middle half▲ 0.030.29below the sector's middle half▲ 0.030.31below the sector's middle half▲ 0.020.34below the sector's middle half▲ 0.03
Return on assets (ROA)-44.9%--26.5%▲ 18.4pp-47.3%below the sector's middle half▼ 20.8pp-13.2%below the sector's middle half▲ 34.1pp11.0%within the sector's middle half▲ 24.2pp7.4%within the sector's middle half▼ 3.7pp1.5%within the sector's middle half▼ 5.9pp4.9%within the sector's middle half▲ 3.4pp
Staff (FTE)1.5-1.5=2.2within the sector's middle half▲ 46.7%1.8▼ 18.2%2.1▲ 16.7%2.9within the sector's middle half▲ 38.1%2within the sector's middle half▼ 31.0%1.2within the sector's middle half▼ 40.0%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 78% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,604
Fixed assets
€22,462 ▼ 17.5%
Current assets
€169,141 ▲ 11.3%
Equity and liabilities
Equity-€304,064
Debt€495,668
Equity is negative. Debt (€495,668) exceeds the balance-sheet total (€191,604).
Key figures and ratios
EBITDA
€22,979▲
2024 · €15,467
Cash flow
€16,236▲
2024 · €9,116
Quick ratio
0.04▲
2024 · 0.02
Interest coverage
3.42▲
2024 · 2.42
Debt ≤ 1 year
€495,668▲
2024 · €492,563
Income taxes
€176▲
2024 · €174
Staff costs
€69,443▲
2024 · €58,955
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 3 | 2 | 1 |
| full-time | 1 | 1 | 1 | 2 | 1 |
| part-time | 1 | 2 | 2 | 0 | 0 |
| in full-time equivalents | 1.4 | 1.6 | 1.6 | 2 | 1 |
| Average over the year, in full-time equivalents | 1.8 | 1.3 | 1.4 | 1.3 | 1.2 |
| On a permanent contract | 2 | 2 | 3 | 2 | 1 |
| Joined | 1 | 2 | 2 | 66 | 98 |
| Left | 3 | 1 | 2 | 67 | 98 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,903 | €11,199 | - | €2,157 |
| Depreciation and write-downs of the year | €6,602 | €2,452 | €3,004 | €6,451 | €6,931 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €41 awarded · €41 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €41 |
| 2024 | 1 | €41 | €0 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €62,094 | €49,263 | €56,127 | €58,955 | €69,443 | ▲ 17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,788 | €4,903 | €6,030 | €6,602 | €2,452 | €3,004 | €6,451 | €6,931 | ▲ 7.4% |
| Other operating charges640/8 | - | - | - | €969 | €2,840 | €631 | €1,143 | €935 | ▼ 18.3% |
| Gross operating margin9900 | -€11,836 | €17,719 | -€21,303 | €62,089 | €76,822 | €77,857 | €75,565 | €93,356 | ▲ 23.5% |
| Operating profit (loss)9901 | -€78,968 | -€35,247 | -€69,756 | -€7,576 | €22,267 | €18,095 | €9,016 | €16,048 | ▲ 78.0% |
| Financial income75/76B | - | - | - | €173 | €70 | €838 | €204 | €158 | ▼ 22.4% |
| Recurring financial income75 | €3,913 | €4,277 | €3 | €173 | €70 | €838 | €204 | €158 | ▼ 22.4% |
| Financial charges65/66B | - | - | - | €10,085 | €5,757 | €5,952 | €6,380 | €6,725 | ▲ 5.4% |
| Recurring financial charges65 | €14,505 | €18,152 | €4,226 | €10,085 | €5,757 | €5,952 | €6,380 | €6,725 | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | -€89,561 | -€49,122 | -€73,978 | -€17,489 | €16,580 | €12,982 | €2,840 | €9,482 | ▲ 234% |
| Income taxes67/77 | €0 | €165 | €145 | €239 | €0 | €13 | €174 | €176 | ▲ 1.0% |
| Profit (loss) for the period9904 | -€89,561 | -€49,288 | -€74,123 | -€17,727 | €16,580 | €12,969 | €2,665 | €9,306 | ▲ 249% |
| Profit (loss) for the period to be appropriated9905 | -€89,561 | -€49,288 | -€74,123 | -€17,727 | €16,580 | €12,969 | €2,665 | €9,306 | ▲ 249% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €199,509 | €185,902 | €156,700 | €134,687 | €150,401 | €176,144 | €179,193 | €191,604 | ▲ 6.9% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €20,591 | €15,687 | €32,818 | €26,216 | €25,492 | €33,687 | €27,236 | €22,462 | ▼ 17.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €20,417 | €15,514 | €32,645 | €26,042 | €25,492 | €33,687 | €27,236 | €22,462 | ▼ 17.5% |
| Plant, machinery and equipment23 | - | - | - | - | €862 | €560 | €258 | €466 | ▲ 81.0% |
| Furniture and vehicles24 | - | - | - | €6,941 | €6,941 | €17,854 | €14,121 | €11,554 | ▼ 18.2% |
| Other tangible fixed assets26 | - | - | - | €19,101 | €17,690 | €15,274 | €12,858 | €10,442 | ▼ 18.8% |
| Financial fixed assets28 | €174 | €174 | €174 | €174 | €0 | - | - | - | - |
| Current assets29/58 | €178,918 | €170,215 | €123,882 | €108,471 | €124,909 | €142,457 | €151,956 | €169,141 | ▲ 11.3% |
| Stocks and contracts in progress3 | €110,965 | €91,752 | €98,980 | €89,790 | €96,099 | €118,959 | €142,950 | €148,658 | ▲ 4.0% |
| Stocks30/36 | - | - | - | €89,790 | €96,099 | €118,959 | €142,950 | €148,658 | ▲ 4.0% |
| Amounts receivable within one year40/41 | €66,040 | €74,447 | €16,533 | €4,414 | €11,330 | €306 | €145 | €11,458 | ▲ 79× |
| Trade receivables40 | - | - | - | €4,414 | €11,330 | €306 | €145 | €6,105 | ▲ 42× |
| Other amounts receivable41 | - | - | - | - | - | - | - | €5,353 | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,276 | €3,364 | €8,192 | €13,910 | €7,272 | €9,923 | €8,079 | €8,193 | ▲ 1.4% |
| Deferred charges and accrued income490/1 | - | - | - | €357 | €10,208 | €13,269 | €782 | €833 | ▲ 6.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €199,509 | €185,902 | €156,700 | €134,687 | €150,401 | €176,144 | €179,193 | €191,604 | ▲ 6.9% |
| Equity10/15 | -€204,446 | -€253,733 | -€327,857 | -€345,584 | -€329,004 | -€316,035 | -€313,370 | -€304,064 | ▲ 3.0% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €1,239 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Profit (loss) carried forward14 | -€226,137 | -€275,424 | -€349,547 | -€367,275 | -€350,695 | -€337,726 | -€335,061 | -€325,755 | ▲ 2.8% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €403,955 | €439,636 | €484,557 | €480,271 | €479,406 | €492,179 | €492,563 | €495,668 | ▲ 0.6% |
| Amounts payable after more than one year17 | €20,885 | €10,596 | €0 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €380,070 | €429,040 | €470,632 | €480,271 | €479,406 | €492,179 | €492,563 | €495,668 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | - | - | - |
| Financial debts43 | - | - | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | - | - | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Trade debts44 | €95,501 | €120,335 | €141,129 | €78,950 | €71,727 | €51,512 | €42,170 | €28,924 | ▼ 31.4% |
| Suppliers440/4 | - | - | - | €78,950 | €71,727 | €51,512 | €42,170 | €28,924 | ▼ 31.4% |
| Taxes, remuneration and social security45 | - | - | - | €27,496 | €33,571 | €22,993 | €23,115 | €26,726 | ▲ 15.6% |
| Taxes450/3 | - | - | - | €17,455 | €24,356 | €11,892 | €13,249 | €18,615 | ▲ 40.5% |
| Remuneration and social security454/9 | - | - | - | €10,041 | €9,216 | €11,101 | €9,865 | €8,110 | ▼ 17.8% |
| Other amounts payable47/48 | - | - | - | €323,826 | €324,107 | €367,674 | €377,278 | €390,019 | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€89,561 | -€49,288 | -€74,123 | -€17,727 | €16,580 | €12,969 | €2,665 | €9,306 | ▲ 249% |
| + Depreciation and write-downs630 | €14,788 | €4,903 | €6,030 | €6,602 | €2,452 | €3,004 | €6,451 | €6,931 | ▲ 7.4% |
| Operating cash flow (approximation) | -€74,773 | -€44,384 | -€68,093 | -€11,125 | €19,032 | €15,973 | €9,116 | €16,236 | ▲ 78.1% |
| Investment in fixed assets (approximation) | - | €0 | -€23,161 | €0 | -€1,729 | -€11,199 | €0 | -€2,157 | - |
| Change in cash | - | €2,088 | €4,829 | €5,718 | -€6,639 | €2,651 | -€1,844 | €114 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,449 companies had the same profile as FRAYA has now. Two years later, 92.2% were still going and 2.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
92.2%
was still going
4.8%
stopped otherwise
2.5%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FRAYA itself is lower: 0.4% within 12 months. It rests on far more data about FRAYA than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,449 companies, not a prediction for FRAYA. 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.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-06-2026 | 2026-00128516 | |
| 31-12-2024 | abbreviated format | 02-06-2025 | 2025-00112861 | |
| 31-12-2023 | abbreviated format | 31-05-2024 | 2024-00107686 | |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00109122 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20306823 | |
| 31-12-2020 | micro format | 21-02-2022 | 2022-06000116 | |
| 31-12-2019 | micro format | 10-09-2020 | 2020-52200483 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-52500138 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-53000008 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56500541 |
Board & ownership
Directors
Directors
1 director
Malta BV
Current
Director · Legal entity · listed in the 2025 annual accounts, filed on 01-06-2026
Owners and capital
Shareholders
1 ownerChain of control
- Malta BVBA
- FRAYA
Owners 1
- Malta BVBAconsolidating parentEquity -€60,851 Loss of €10,200 in 2025 (loss of €8,033 in 2024) Checked score 7consolidates
Capital transactions
Capital over time
- 16-01-2023 Converted to unavailable equity · €18,592.01
- 16-01-2023 Converted to unavailable equity · €1,859
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “De voorzitter of bij diens afwezigheid door het lid van het college dat bij gewone meerderheid is aangeduid om de vergadering voor te…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Kopie van de verkoopsovereenkomst met een derde, overblijvende aandelen bij lottrekking worden toegewezen”
Articles of association, deed of 16-01-2023 (in Dutch)
Network & group
Connections & network
1 current directorThe network starts from the directors of FRAYA. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
01-06
abbreviated format · 60 days before the deadline
2025
02-06
abbreviated format · 59 days before the deadline
2024
31-05
abbreviated format · 61 days before the deadline
2023
06-06
micro format · 55 days before the deadline
16-01
Gazette deed
Permanent representative: Malta Christel Georges AnnetteCapital conversion · Reserve release · Shareholding8 points ▸
Gazette deed
Permanent representative: Malta Christel Georges Annette
Capital conversion · Reserve release · Shareholding8 points ▸
- General meeting, 06-01-2023
- General meeting, “enige aandeelhouder oefent bevoegdheden van algemene vergadering uit, artikel 2:8 § 4 WVV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch), mentioned 2 times in the deed
- Reserve release, “statutair onbeschikbare eigen vermogensrekening beschikbaar maken” (deed in Dutch)
- Director in office, MALTA (director)
- Permanent representative, Malta Christel Georges Annette
- General meeting, “volledig nieuwe statuten aanvaarden, in overeenstemming met WVV” (deed in Dutch)
- A shareholder holds all the shares
2022
2020
10-09
micro format · 41 days late
2019
27-08
micro format · 27 days late
2018
29-08
micro format · 29 days late
2017
31-08
abbreviated format · 31 days late
1991
01-05
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
FRAYA in Dutch
Enterprise number
0443.851.115
Legal form
Private limited company
Status
Active, normale toestand
Founded
02-04-1991
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-01-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 16-01-2023 (in Dutch)Registered office and establishments
Registered office
Kursaalpoort 20, 2300 Turnhout, Belgium
Establishment unit
Charlotte & Willem, Kursaalpoort 20, 2300 Turnhout since 14-03-2020 · unit number 2.300.470.11347722 Retail trade
Activities
NACEBEL 2025VAT activities
46498
Wholesale trade main activity
Social security (RSZ) activities
47722
Retail trade main activity
Codes under NACEBEL 2008
VAT activities
46498
Wholesale trade main activity
Social security (RSZ) activities
47722
Retail trade main activity
Codes under NACEBEL 2003
VAT activities
51477
main activity
Social security (RSZ) activities
52432
main activity
Joint committee
201 Paritair Comité voor de zelfstandige kleinhandel annual accounts 2021
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 16-01-2023 (in Dutch)
“De handel in de meest ruime zin van het woord in leder-waren, maroquinerie, textiel, kleding en gebruiksvoor-werpen allerhande en alle met…”
6 activities
- De handel in de meest ruime zin van het woord in leder-waren, maroquinerie, textiel, kleding en gebruiksvoor-werpen allerhande en alle met voorgaande artikelen aan-verwante goederen en toebehoren.
- Het herstellen of laten herstellen van alle voormelde goederen.
- Het nemen en beheren van belangen en participaties in ondernemingen en vennootschappen.
- Het verwerven, vervreemden en beheren van beleggingsgoederen allerhande.
- Het optreden als bemiddelaar en commissionair in de handel en bij het vervoer.
- Import, export en handel van alle consumptiegoederen, halffabrikaten en grondstoffen.
Invoicing and payment
VAT number
BE 0443.851.115
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of May at 14:00
deed of 16-01-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
2,092 m²
Building footprint
848 m²
Building volume
3,114 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13454R0624/00B002 | Flanders | 2,092 m² | 1 · 848 m² | 18.1 m |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.