FRD CONCEPT SRL

Active

Private limited companyfounded 20205 yrs activeAvenue de la Chevauchée(N) 80, 4121 Neupré, BelgiumKBO/BCE: BE 0754.380.678

The computed 12-month bankruptcy probability of FRD CONCEPT SRL is 2.8% (moderate). The 2025 annual accounts show equity of €32k and a net result of €-26k. Equity is growing by ~64.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 1030 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

55 / 100

Fair▲ +20 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency53▲+5

Growth52=

Stability94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.1 against 0.9 in 2024), and 67.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2025

Solvency, return and age of the figures

Solvency

32.5%

Return on assets

-26.2%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2122232425

2021 to 2025 · latest year -€26k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 5 filings

Deviation from the deadline

2025

26 d late

2024

26 d late

2023

28 d late

2022

5 d early

2021

11 d late

← before the deadline after the deadline →

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 months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-26k▼ 1,832%

2024 · €-1k

2021: €3k 2022: €15k 2023: €40k 2024: €-1k

2021 → 2025

Working capital

€5k

2024 · €-10k

2021: €-78k 2022: €-51k 2023: €-6k 2024: €-10k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€5k-€20k▲ 310%€60k▲ 195%€59k▼ 2.3%€32k▼ 44.6%

Operating result€8k-€10k▲ 19.9%€45k▲ 340%€3k▼ 94.2%€-33k

Net result€3k-€15k▲ 420%€40k▲ 158%€-1k€-26k▼ 1,832%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €33k after €3k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €100k

46.0%

54.0%

Fixed assets €46k▼ 51.0%

Current assets €54k▼ 40.8%

Equity and liabilities €100k

32.5%

67.5%

Equity €32k▼ 44.6%

Debt €67k▼ 46.6%

The debt ratio falls from 68.3% to 67.5%: debt falls faster than equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€19k▼

2024 · €60k

Cash flow

€26k▼

2024 · €56k

Solvency

32.5%▲

2024 · 31.7%

Current ratio

1.10▲

2024 · 0.90

Quick ratio

1.10▲

2024 · 0.90

Debt / equity

2.08▼

2024 · 2.16

ROE

-80.5%▼

2024 · -2.3%

ROA

-26.2%▼

2024 · -0.7%

Interest coverage

7.30▼

2024 · 15.15

Debt

€67k▼

2024 · €126k

Debt ≤ 1 year

€49k▼

2024 · €101k

Debt > 1 year

€14k▼

2024 · €25k

Income taxes

€101▲

2024 · €27

Staff costs

€25k

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€185k€100k▼

Formation expenses20€0€0=

Fixed assets21/28€94k€46k▼

Intangible fixed assets21€29k€42k▲

Tangible fixed assets22/27€65k€4k▼

Plant, machinery and equipment23€3k-

Furniture and vehicles24€12k€1k▼

Leasing and similar rights25€43k€3k▼

Other tangible fixed assets26€7k-

Current assets29/58€91k€54k▼

Amounts receivable within one year40/41€24k€26k▲

Trade receivables40€24k€26k▲

Cash at bank and in hand54/58€61k€24k▼

Deferred charges and accrued income490/1€6k€4k▼

Equity and liabilities

Total equity and liabilities10/49€185k€100k▼

Equity10/15€59k€32k▼

Contributions10/11€2k€2k=

Profit (loss) carried forward14€57k€30k▼

Amounts payable17/49€126k€67k▼

Amounts payable after more than one year17€25k€14k▼

Financial debts170/4€25k€14k▼

Amounts payable within one year42/48€101k€49k▼

Current portion of amounts payable after more than one year42€48k€10k▼

Trade debts44€5k€30k▲

Suppliers440/4€5k€30k▲

Taxes, remuneration and social security45€2k€3k▲

Taxes450/3€2k€296▼

Remuneration and social security454/9-€2k

Other amounts payable47/48€47k€6k▼

Accrued charges and deferred income492/3€387€4k▲

Income statement Code20242025

Remuneration, social security and pensions62-€25k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€52k▼

Other operating charges640/8€387€458▲

Gross operating margin9900€60k€45k▼

Operating profit (loss)9901€3k€-33k▼

Financial income75/76B€30€10k▲

Recurring financial income75€30€10k▲

Financial charges65/66B€4k€3k▼

Recurring financial charges65€4k€3k▼

Profit (loss) for the period before taxes9903€-1k€-26k▼

Income taxes67/77€27€101▲

Profit (loss) for the period9904€-1k€-26k▼

Profit (loss) for the period to be appropriated9905€-1k€-26k▼

Appropriation of the result

Profit (loss) to be appropriated9906€57k€30k▼

Profit (loss) brought forward from the previous period14P€58k€57k▼

Social balance

Average headcount (FTE)9087-0.6

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 26 days late

2025

31-12

Financial Weakest financial yearnet €-26k

Net result drops to €-26k, the lowest in the series.

26-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 26 days late

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 28 days late

2023

31-12

Financial Highest result since 2021net €40k ▲158%

Operating result €45k, net result €40k, both a record.

26-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

11-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 11 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 acts for this company are 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, Neupré · 3 establishment units since 2020

establishment All 3 establishment units on the map

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.

Avenue de la Chevauchée(N) 804121 Neupré

Ground area

6,665 m²

Building footprint

1,452 m²

Volume, LiDAR

3,834 m³

4 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

FRD CONCEPT SRL

Rue Mitoyenne 188, 4710 LontzenHuman health activities

since 20202.312.563.043

FRD CONCEPT SRL

Rue du Vertbois 1, 4000 LiègeWholesale trade

since 20202.312.563.142

FRD CONCEPT SRL

Route du Condroz 6, 4100 SeraingHuman health activities

since 20232.371.251.013

4 parcels

Wallonia 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61044B0036/00R000	Wallonia	2,792 m²	1 · 351 m²	9.1 m · 3 fl.
62019B0056/00L000	Wallonia	1,560 m²	1 · 242 m²	10.6 m · 2 fl.
62803A1417/00S000	Wallonia	1,265 m²	1 · 490 m²	-
63048D0246/00R008	Wallonia	1,048 m²	1 · 369 m²	-