FREDERIK AERTS PRODUCT DESIGN
ActiveSummary
The computed 12-month bankruptcy probability of FREDERIK AERTS PRODUCT DESIGN is 1.8% (moderate). The 2024 annual accounts show negative equity (€-29k) and a net result of €-11k. Equity is shrinking by ~59.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 4354 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
27
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth26▲+4
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.2 in 2023; short-term debt: 294.2% and cash: 26% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-194.5%
Return on assets
-75.4%
Age of the figures
21 mo
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-29k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
20 d late
2022
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€13k▲ 7.5%
2023 · €12k
2022: €14k
2023: €12k
2022 → 2024
EBIT margin
-78.5%▼ 7.4pp
2023 · -71.1%
2022: -51.2%
2023: -71.1%
2022 → 2024
Net result
€-11k▼ 15.3%
2023 · €-10k
2022: €-8k
2023: €-10k
2022 → 2024
Working capital
€-32k▼ 66.6%
2023 · €-19k
2023: €-19k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€14k-€12k▼ 18.4%€13k▲ 7.5%
Equity€-8k-€-18k▼ 122%€-29k▼ 63.3%
Operating result€-7k-€-8k▼ 13.3%€-10k▼ 18.6%
Net result€-8k-€-10k▼ 14.4%€-11k▼ 15.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15k
Fixed assets
€3k ▲ 106%
Current assets
€11k ▲ 138%
Key figures and ratios
EBITDA
€-9k▼
2023 · €-8k
Cash flow
€-11k▼
2023 · €-9k
Solvency
-194.5%▲
2023 · -274.2%
Current ratio
0.26▲
2023 · 0.20
Debt to equity
-1.51▼
2023 · -1.36
ROA
-75.4%▲
2023 · -150.5%
Interest coverage
-9.15▼
2023 · -6.88
Debt
€43k▲
2023 · €24k
Debt ≤ 1 year
€43k▲
2023 · €24k
Income taxes
€168▲
2023 · €94
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6k€15k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€2k€1k▼
Current assets29/58€5k€11k▲
Amounts receivable within one year40/41€1k€5k▲
Trade receivables40-€4k
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€994€4k▲
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€6k€15k▲
Equity10/15€-18k€-29k▼
Contributions10/11€500€500=
Profit (loss) carried forward14€-18k€-29k▼
Amounts payable17/49€24k€43k▲
Amounts payable within one year42/48€24k€43k▲
Trade debts44-€9k
Suppliers440/4-€9k
Other amounts payable47/48€24k€34k▲
Accrued charges and deferred income492/3-€48
Income statement
Code20232024
Turnover70€12k€13k▲
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61€19k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€201€475▲
Other operating charges640/8€1k€742▼
Gross operating margin9900€-7k€-9k▼
Operating profit (loss)9901€-8k€-10k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-10k€-11k▼
Income taxes67/77€94€168▲
Profit (loss) for the period9904€-10k€-11k▼
Profit (loss) for the period to be appropriated9905€-10k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-29k▼
Profit (loss) brought forward from the previous period14P€-8k€-18k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 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, Zonhoven · 1 establishment unit since 2021
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.
Hemelhof 63520 ZonhovenGround area
498 m²
Building footprint
108 m²
Parcel 71066A1024/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
FREDERIK AERTS PRODUCT DESIGN
since 20212.325.987.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71066A1024/00L000 | Flanders | 498 m² | 1 · 108 m² | - |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 685 companies in sector 74112 we hold annual accounts for 312. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
74112Other professional, scientific and technical activities
74120Graphic design and visual communication
74130Interior design
74140Other specialised design activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.