FRED ART'S
ActiveThe computed 12-month bankruptcy probability of FRED ART'S is 2.5% (moderate). The annual accounts of FRED ART'S for fiscal year 2024 show a net loss of 61% of the equity at the start of that year. The 2024 annual accounts show equity of €19k and a net result of €-30k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 13% of 2437 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability7▼-35
Solvency31▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.75 against 0.84 in 2023; short-term debt: 67.2% and cash: 0.5% of total assets), and 94.2% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
5.8%
Return on assets
-9.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 2437 sector peers (2024).
NBB · sector comparisonPosition among 2437 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
30 d late
2022
29 d late
2021
30 d late
2020
65 d late
2019
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€19k▼ 61.1%
2023 · €49k
2019: €10k
2020: €29k
2021: €39k
2022: €45k
2023: €49k
2019 → 2024
Total assets
€328k▲ 10.5%
2023 · €297k
2019: €55k
2020: €216k
2021: €235k
2022: €301k
2023: €297k
2019 → 2024
Net result
€-30k
2023 · €4k
2019: €-2k
2020: €19k
2021: €11k
2022: €5k
2023: €4k
2019 → 2024
Working capital
€-54k▼ 124%
2023 · €-24k
2019: €-6k
2020: €-22k
2021: €-21k
2022: €-23k
2023: €-24k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€29k-€39k▲ 36.7%€45k▲ 13.8%€49k▲ 9.4%€19k▼ 61.1%
Operating result€25k-€17k▼ 35.0%€7k▼ 59.3%€11k▲ 66.7%€-34k
Net result€19k-€11k▼ 43.8%€5k▼ 48.4%€4k▼ 23.1%€-30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €34k after €11k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €328k
Fixed assets
€162k▼ 6.1%
Current assets
€166k▲ 33.5%
Equity and liabilities €328k
Equity
€19k▼ 61.1%
Debt
€309k▲ 24.6%
The debt ratio rises from 83.6% to 94.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2023 · €24k
Cash flow
€-17k▼
2023 · €16k
Solvency
5.8%▼
2023 · 16.4%
Current ratio
0.75▼
2023 · 0.84
Quick ratio
0.75▼
2023 · 0.84
Debt / equity
16.30▲
2023 · 5.09
ROE
-157.1%▼
2023 · 8.6%
ROA
-9.1%▼
2023 · 1.4%
Interest coverage
-10.10▼
2023 · 2.56
Debt
€309k▲
2023 · €248k
Debt ≤ 1 year
€221k▲
2023 · €149k
Debt > 1 year
€86k▼
2023 · €99k
Income taxes
€221▼
2023 · €3k
Staff costs
€259k▲
2023 · €233k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€297k€328k▲
Fixed assets21/28€172k€162k▼
Tangible fixed assets22/27€172k€162k▼
Land and buildings22€164k€156k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€125k€166k▲
Amounts receivable within one year40/41€120k€160k▲
Trade receivables40€14k€29k▲
Other amounts receivable41€106k€132k▲
Cash at bank and in hand54/58€65€2k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€297k€328k▲
Equity10/15€49k€19k▼
Contributions10/11€12k€12k=
Reserves13€36k€36k=
Non-distributable reserves130/1€36k€36k=
Reserves not available under the articles1311€36k€36k=
Profit (loss) carried forward14-€-30k
Amounts payable17/49€248k€309k▲
Amounts payable after more than one year17€99k€86k▼
Financial debts170/4€99k€86k▼
Amounts payable within one year42/48€149k€221k▲
Current portion of amounts payable after more than one year42€21k€19k▼
Financial debts43€7k€5k▼
Credit institutions430/8€7k€5k▼
Trade debts44€96k€162k▲
Suppliers440/4€96k€162k▲
Taxes, remuneration and social security45€24k€35k▲
Taxes450/3€371€8k▲
Remuneration and social security454/9€24k€27k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Remuneration, social security and pensions62€233k€259k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€262k€244k▼
Operating profit (loss)9901€11k€-34k▼
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€9k€2k▼
Recurring financial charges65€9k€2k▼
Profit (loss) for the period before taxes9903€7k€-30k▼
Income taxes67/77€3k€221▼
Profit (loss) for the period9904€4k€-30k▼
Profit (loss) for the period to be appropriated9905€4k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-30k▼
Transfer to equity691/2€4k-
To other reserves6921€4k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €-30k ▼814%
Net result drops to €-30k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 65 days late
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mouscron · 1 establishment unit since 2018
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.
Bouveriestraat 17B7700 MouscronGround area
131 m²
Building footprint
26 m²
Volume, LiDAR
279 m³
Parcel 54007B1028/00S003, Wallonia · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Bouveriestraat 17, 7700 Mouscron
since 20182.281.289.649
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B1028/00S003 | Wallonia | 131 m² | 1 · 26 m² | 12.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 557 companies in sector 25999 we hold annual accounts for 351. 121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2018
Fiscal year end31-12
Activities, NACEBEL
25999Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.