FREDERIC DEBERT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 22 filings
Turnover
≈ €170,000
Estimated: probably between €110,000 and €290,000
EBIT margin
Not included in this filing
Net result
€5,975
2024 · -€6,724
Working capital
€38,929
2024 · -€12,235
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €8,379, after a loss of €7,010 in 2024.
Operating result€8,379
2025
Net result€5,975
2025
Total assets€106,209
2025
Equity€104,001
2025
Debt€2,208
2025
Working capital€38,929
2025
Staff (FTE)0
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€20,482-€13,917€57,025▲ 310%€71,666▲ 25.7%€141,698▲ 97.7%€15,802▼ 88.8%-€7,010€8,379
Net result-€30,947-€4,557€48,873▲ 972%€62,415▲ 27.7%€103,561▲ 65.9%€9,127▼ 91.2%-€6,724€5,975
Equity€108,034-€112,592▲ 4.2%€161,464▲ 43.4%€223,879▲ 38.7%€327,441▲ 46.3%€229,750▼ 29.8%€98,026▼ 57.3%€104,001▲ 6.1%
Total assets€615,143-€597,199▼ 2.9%€647,009▲ 8.3%€642,462▼ 0.7%€427,389▼ 33.5%€259,704▼ 39.2%€128,920▼ 50.4%€106,209▼ 17.6%
Debt€507,109-€484,607▼ 4.4%€485,545▲ 0.2%€418,582▼ 13.8%€99,949▼ 76.1%€29,954▼ 70.0%€30,894▲ 3.1%€2,208▼ 92.9%
Working capital-€69,964--€81,674▼ 16.7%-€31,247▲ 61.7%€3,134€31,052▲ 891%€93,293▲ 200%-€12,235€38,929
Staff (FTE)4.4-4.7▲ 6.8%4.9▲ 4.3%4.8▼ 2.0%4.8=0▼ 100%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,209
Fixed assets
€65,072 ▼ 41.0%
Current assets
€41,137 ▲ 121%
Equity and liabilities €106,209
Equity
€104,001 ▲ 6.1%
Debt
€2,208 ▼ 92.9%
Debt's share of the balance-sheet total falls from 24.0% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,155▼
2024 · €33,803
Cash flow
€27,751▼
2024 · €34,088
Current ratio
18.63▲
2024 · 0.60
Debt to equity
0.02▼
2024 · 0.32
ROE
5.7%▲
2024 · -6.9%
ROA
5.6%▲
2024 · -5.2%
Interest coverage
82.76▲
2024 · 42.35
Debt ≤ 1 year
€2,208▼
2024 · €30,869
Income taxes
€2,040▲
2024 · €224
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 |
|---|---|---|---|
| Employees at the balance-sheet date | 4 | - | - |
| full-time | 4 | - | - |
| part-time | 0 | - | - |
| in full-time equivalents | 4 | - | - |
| Average over the year, in full-time equivalents | 4.8 | 3.6 | 0 |
| On a permanent contract | 4 | - | - |
| Joined | 1 | 2 | - |
| Left | 2 | 6 | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €219,305 | €32,591 | €23,671 | - | - |
| Mortgages, amount registered | €310,000 | - | - | - | - |
| Mortgage mandates | €100,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €151,359 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €180,335 | €92,093 | - | - | - |
| Intangible fixed assets | €6,500 | - | - | - | - |
| Financial fixed assets | - | €0 | - | - | €0 |
| Depreciation and write-downs of the year | €58,127 | €47,417 | €40,812 | €40,812 | €21,776 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €25,104 | €26,239 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €203,781 | €133,102 | €94 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,898 | €40,022 | €34,255 | €58,127 | €47,417 | €40,812 | €40,812 | €21,776 | ▼ 46.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €12,209 | €5,396 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €12,855 | €22,105 | €12,728 | €15,615 | €11,729 | ▼ 24.9% |
| Non-recurring operating charges66A | - | - | - | - | €38,080 | €3,232 | €416 | €13,258 | ▲ 32× |
| Gross operating margin9900 | €249,149 | €334,022 | €302,774 | €358,638 | €387,799 | €72,668 | €49,834 | €55,143 | ▲ 10.7% |
| Operating profit (loss)9901 | -€20,482 | €13,917 | €57,025 | €71,666 | €141,698 | €15,802 | -€7,010 | €8,379 | - |
| Financial income75/76B | - | - | - | €701 | €202 | €221 | €1,308 | €0 | ▼ 100% |
| Recurring financial income75 | €2,173 | €1,801 | €794 | €701 | €202 | €221 | €1,308 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €9,622 | €7,111 | €1,506 | €798 | €364 | ▼ 54.4% |
| Recurring financial charges65 | €12,257 | €10,764 | €8,690 | €9,622 | €7,111 | €1,506 | €798 | €364 | ▼ 54.4% |
| Profit (loss) for the period before taxes9903 | -€30,567 | €4,955 | €49,129 | €62,745 | €134,788 | €14,518 | -€6,500 | €8,015 | - |
| Income taxes67/77 | €380 | €397 | €256 | €330 | €31,227 | €5,390 | €224 | €2,040 | ▲ 811% |
| Profit (loss) for the period9904 | -€30,947 | €4,557 | €48,873 | €62,415 | €103,561 | €9,127 | -€6,724 | €5,975 | - |
| Profit (loss) for the period to be appropriated9905 | -€30,947 | €4,557 | €48,873 | €62,415 | €103,561 | €9,127 | -€6,724 | €5,975 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €615,143 | €597,199 | €647,009 | €642,462 | €427,389 | €259,704 | €128,920 | €106,209 | ▼ 17.6% |
| Fixed assets21/28 | €251,993 | €225,282 | €240,538 | €359,120 | €328,904 | €151,098 | €110,286 | €65,072 | ▼ 41.0% |
| Intangible fixed assets21 | - | - | - | €5,123 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €251,813 | €225,102 | €240,358 | €353,817 | €328,724 | €150,918 | €110,106 | €65,072 | ▼ 40.9% |
| Land and buildings22 | - | - | - | €151,359 | €125,828 | €100,297 | €74,766 | €62,000 | ▼ 17.1% |
| Plant, machinery and equipment23 | - | - | - | €13,116 | €7,186 | €5,715 | €4,244 | €3,072 | ▼ 27.6% |
| Furniture and vehicles24 | - | - | - | €189,342 | €186,267 | €38,123 | €26,973 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | - | €9,444 | €6,784 | €4,123 | €0 | ▼ 100% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | €180 | €180 | €0 | ▼ 100% |
| Current assets29/58 | €363,150 | €371,916 | €406,471 | €283,341 | €98,485 | €108,606 | €18,634 | €41,137 | ▲ 121% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0 | - | - | - | - | - |
| Stocks and contracts in progress3 | €166,993 | €205,065 | €214,158 | €143,394 | €0 | - | - | - | - |
| Stocks30/36 | - | - | - | €143,394 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €45,505 | €83,769 | €101,653 | €97,008 | €58,834 | €83,275 | €5,518 | €19,847 | ▲ 260% |
| Trade receivables40 | - | - | - | €64,923 | €2,792 | €2,527 | €5,391 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €32,085 | €56,042 | €80,749 | €126 | €19,847 | ▲ 157× |
| Cash at bank and in hand54/58 | €66,682 | €11,802 | €23,748 | €11,419 | €31,435 | €24,344 | €10,523 | €16,307 | ▲ 55.0% |
| Deferred charges and accrued income490/1 | - | - | - | €31,521 | €8,215 | €986 | €2,594 | €4,982 | ▲ 92.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €615,143 | €597,199 | €647,009 | €642,462 | €427,389 | €259,704 | €128,920 | €106,209 | ▼ 17.6% |
| Equity10/15 | €108,034 | €112,592 | €161,464 | €223,879 | €327,441 | €229,750 | €98,026 | €104,001 | ▲ 6.1% |
| Contributions10/11 | €305,000 | €305,000 | - | €305,000 | €305,000 | €200,000 | €75,000 | €75,000 | = |
| Reserves13 | - | - | - | - | €22,250 | €29,750 | €29,750 | €29,750 | = |
| Distributable reserves133 | - | - | - | - | €22,250 | €29,750 | €29,750 | €29,750 | = |
| Profit (loss) carried forward14 | -€196,966 | -€192,408 | -€143,536 | -€81,121 | €191 | €0 | -€6,724 | -€749 | ▲ 88.9% |
| Amounts payable17/49 | €507,109 | €484,607 | €485,545 | €418,582 | €99,949 | €29,954 | €30,894 | €2,208 | ▼ 92.9% |
| Amounts payable after more than one year17 | €72,571 | €30,143 | €46,915 | €137,524 | €23,671 | €14,617 | €0 | - | - |
| Financial debts170/4 | - | - | - | €36,041 | €0 | - | - | - | - |
| Advances received on contracts in progress176 | - | - | - | €101,483 | €23,671 | €14,617 | €0 | - | - |
| Amounts payable within one year42/48 | €433,113 | €453,590 | €437,718 | €280,207 | €67,434 | €15,313 | €30,869 | €2,208 | ▼ 92.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €31,781 | €8,920 | €9,054 | €0 | - | - |
| Financial debts43 | - | - | - | €59,125 | €30,000 | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €59,125 | €30,000 | €0 | - | - | - |
| Trade debts44 | €162,594 | €154,447 | €132,303 | €109,015 | €18,119 | €2,738 | €1,461 | €1,984 | ▲ 35.7% |
| Suppliers440/4 | - | - | - | €109,015 | €18,119 | €2,738 | €1,461 | €1,984 | ▲ 35.7% |
| Advances received on contracts in progress46 | - | - | - | €38,373 | €5,395 | €1,249 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €41,912 | €5,001 | €999 | €4,925 | €224 | ▼ 95.5% |
| Taxes450/3 | - | - | - | €26,582 | €4,501 | €999 | €4,925 | €224 | ▼ 95.5% |
| Remuneration and social security454/9 | - | - | - | €15,331 | €500 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €1,273 | €24,483 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €851 | €8,844 | €25 | €25 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,947 | €4,557 | €48,873 | €62,415 | €103,561 | €9,127 | -€6,724 | €5,975 | - |
| + Depreciation and write-downs630 | €38,898 | €40,022 | €34,255 | €58,127 | €47,417 | €40,812 | €40,812 | €21,776 | ▼ 46.6% |
| Operating cash flow (approximation) | €7,951 | €44,579 | €83,127 | €120,543 | €150,978 | €49,940 | €34,088 | €27,751 | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | -€13,311 | -€49,510 | -€176,710 | -€17,201 | €136,994 | €0 | €23,438 | - |
| Change in cash | - | -€54,881 | €11,947 | -€12,329 | €20,016 | -€7,091 | -€13,821 | €5,784 | - |
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, 31,368 companies had the same profile as FREDERIC DEBERT has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FREDERIC DEBERT itself: 0.4% within 12 months.
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 31,368 companies, not a prediction for FREDERIC DEBERT. 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 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00205708 | |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00132018 | |
| 31-12-2023 | full format | 12-07-2024 | 2024-00245293 | |
| 31-12-2022 | full format | 07-06-2023 | 2023-00116267 | |
| 31-12-2021 | full format | 18-07-2022 | 2022-20201458 | |
| 31-12-2020 | full format | 16-08-2021 | 2021-49100545 | |
| 31-12-2019 | full format | 04-09-2020 | 2020-51300012 | |
| 31-12-2018 | full format | 28-06-2019 | 2019-25500520 | |
| 31-12-2017 | full format | 17-08-2018 | 2018-46800094 | |
| 31-12-2016 | full format | 25-06-2017 | 2017-22400469 |