FREDERIK BOURGOIS
ActiveSummary
FREDERIK BOURGOIS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €436k and a net result of €32k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 30.15 against 23.2 in 2023; short-term debt: 3% and cash: 43.9% of total assets), and 3.3% of the assets are financed with debt.
Credit check 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.7%
Return on assets
7.2%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €436k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
30 d late
2022
31 d late
2021
44 d early
2020
31 d late
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€436k▲ 8.0%
2023 · €404k
Total assets
€451k▲ 7.3%
2023 · €420k
Net result
€32k▼ 42.3%
2023 · €56k
Working capital
€393k▲ 12.4%
2023 · €349k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€94k▲ 145%€79k▼ 16.3%€53k▼ 32.6%€77k▲ 45.6%€44k▼ 43.5%
Net result€64k▲ 122%€44k▼ 31.1%€37k▼ 15.1%€56k▲ 49.4%€32k▼ 42.3%
Equity€401k▲ 1.8%€310k▼ 22.6%€348k▲ 12.1%€404k▲ 16.1%€436k▲ 8.0%
Total assets€430k▲ 6.0%€348k▼ 19.2%€379k▲ 9.2%€420k▲ 10.8%€451k▲ 7.3%
Debt€29k▲ 138%€37k▲ 26.1%€32k▼ 15.1%€16k▼ 47.9%€15k▼ 9.6%
Working capital€347k▲ 22.7%€284k▼ 17.9%€325k▲ 14.4%€349k▲ 7.3%€393k▲ 12.4%
Staff (FTE)1.6▲ 60.0%1.4▼ 12.5%1▼ 28.6%1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 44% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €451k
Fixed assets
€45k ▼ 18.7%
Current assets
€406k ▲ 11.2%
Equity and liabilities €451k
Equity
€436k ▲ 8.0%
Debt
€15k ▼ 9.6%
Debt's share of the balance-sheet total falls from 3.9% to 3.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▼
2023 · €87k
Cash flow
€44k▼
2023 · €65k
Current ratio
30.15▲
2023 · 23.20
Quick ratio
29.81▲
2023 · 22.94
Debt to equity
0.03▼
2023 · 0.04
ROE
7.4%▼
2023 · 13.8%
ROA
7.2%▼
2023 · 13.3%
Interest coverage
127.16▲
2023 · 93.34
Debt ≤ 1 year
€13k▼
2023 · €16k
Income taxes
€13k▼
2023 · €22k
Staff costs
€60k▲
2023 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €67k | €51k | €52k | €60k | ▲ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €4k | €4k | €9k | €12k | ▲ 28.2% |
| Other operating charges640/8 | - | €599 | €608 | €916 | €2k | ▲ 103% |
| Gross operating margin9900 | €169k | €150k | €109k | €139k | €118k | ▼ 15.5% |
| Operating profit (loss)9901 | €94k | €79k | €53k | €77k | €44k | ▼ 43.5% |
| Financial income75/76B | - | €396 | €3k | €2k | €2k | ▲ 5.6% |
| Recurring financial income75 | €2k | €396 | €3k | €2k | €2k | ▲ 5.6% |
| Financial charges65/66B | - | €1k | €447 | €928 | €437 | ▼ 52.9% |
| Recurring financial charges65 | €599 | €1k | €447 | €928 | €437 | ▼ 52.9% |
| Profit (loss) for the period before taxes9903 | €95k | €78k | €56k | €78k | €45k | ▼ 42.3% |
| Income taxes67/77 | €31k | €34k | €18k | €22k | €13k | ▼ 42.5% |
| Profit (loss) for the period9904 | €64k | €44k | €37k | €56k | €32k | ▼ 42.3% |
| Transfer from tax-exempt reserves789 | - | €38k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €64k | €82k | €37k | €56k | €32k | ▼ 42.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €430k | €348k | €379k | €420k | €451k | ▲ 7.3% |
| Fixed assets21/28 | €54k | €27k | €23k | €55k | €45k | ▼ 18.7% |
| Tangible fixed assets22/27 | €26k | €27k | €23k | €55k | €45k | ▼ 18.7% |
| Plant, machinery and equipment23 | - | €5k | €4k | €3k | €2k | ▼ 40.9% |
| Furniture and vehicles24 | - | €131 | €20 | €36k | €29k | ▼ 19.6% |
| Other tangible fixed assets26 | - | €21k | €19k | €17k | €15k | ▼ 13.1% |
| Financial fixed assets28 | €29k | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €376k | €321k | €356k | €365k | €406k | ▲ 11.2% |
| Stocks and contracts in progress3 | €3k | €3k | €7k | €4k | €5k | ▲ 9.3% |
| Stocks30/36 | - | €3k | €7k | €4k | €5k | ▲ 9.3% |
| Amounts receivable within one year40/41 | €2k | €6k | €24k | €11k | €25k | ▲ 119% |
| Trade receivables40 | - | €5k | €24k | €8k | €15k | ▲ 74.1% |
| Other amounts receivable41 | - | €499 | €320 | €3k | €10k | ▲ 251% |
| Current investments50/53 | €81k | €117k | €133k | €155k | €177k | ▲ 14.2% |
| Cash at bank and in hand54/58 | €288k | €193k | €186k | €191k | €198k | ▲ 3.8% |
| Deferred charges and accrued income490/1 | - | €2k | €5k | €4k | €2k | ▼ 48.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €430k | €348k | €379k | €420k | €451k | ▲ 7.3% |
| Equity10/15 | €401k | €310k | €348k | €404k | €436k | ▲ 8.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €382k | €292k | €329k | €385k | €417k | ▲ 8.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €283k | €320k | €378k | €410k | ▲ 8.5% |
| Amounts payable17/49 | €29k | €37k | €32k | €16k | €15k | ▼ 9.6% |
| Amounts payable within one year42/48 | €29k | €36k | €31k | €16k | €13k | ▼ 14.4% |
| Trade debts44 | €12k | €3k | €11k | €2k | €2k | ▼ 9.3% |
| Suppliers440/4 | - | €3k | €11k | €2k | €2k | ▼ 9.3% |
| Taxes, remuneration and social security45 | - | €30k | €15k | €7k | €7k | = |
| Taxes450/3 | - | €30k | €15k | €7k | €7k | = |
| Other amounts payable47/48 | - | €4k | €5k | €7k | €5k | ▼ 31.5% |
| Accrued charges and deferred income492/3 | - | €711 | €713 | €690 | €1k | ▲ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €44k | €37k | €56k | €32k | ▼ 42.3% |
| + Depreciation and write-downs630 | €9k | €4k | €4k | €9k | €12k | ▲ 28.2% |
| Operating cash flow (approximation) | €73k | €48k | €41k | €65k | €44k | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | €24k | €0 | €-41k | €-1k | ▲ 96.4% |
| Change in cash | - | €-95k | €-7k | €5k | €7k | ▲ 54.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 23.20
Current ratio from 11.57 to 23.20; short-term debt falls from €31k to €16k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €64k ▲122%
Operating result €94k, net result €64k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 23.87
Current ratio from 9.28 to 23.87; short-term debt falls from €29k to €12k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Zwevegem · 1 establishment unit since 2003
Ground area
1,074 m²
Building footprint
153 m²
Volume, LiDAR
662 m³
Parcel 34034C0322/00H000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FREDERIK BOURGOIS
since 20032.134.010.391
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34034C0322/00H000 | Flanders | 1,074 m² | 1 · 153 m² | 7.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 4,019 companies in sector 43310 we hold annual accounts for 1,746. 1,057 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.