FREEST2
ActiveSummary
The computed 12-month bankruptcy probability of FREEST2 is 2.9% (moderate). The 2025 annual accounts show equity of €128,320 and a net result of €25,693. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 13560 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency96=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.93 in 2024; short-term debt: 27.1% and cash: 34.4% of total assets), and 28.9% of the assets are financed with debt.
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Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.1%
Return on assets
14.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 d early
2024
43 d early
2023
61 d late
2022
192 d late
2021
26 d late
2020
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€128,320▼ 14.3%
2024 · €149,686
Total assets
€180,406▼ 15.0%
2024 · €212,211
Net result
€25,693▼ 56.2%
2024 · €58,711
Working capital
€26,200▼ 37.2%
2024 · €41,732
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
Line20212022202320242025
Operating result€38,414▼ 38.2%€4,213▼ 89.0%€74,686▲ 1,673%€81,467▲ 9.1%€38,120▼ 53.2%
Net result€27,391▼ 42.6%-€1,101€56,090€58,711▲ 4.7%€25,693▼ 56.2%
Equity€59,577▲ 65.6%€58,476▼ 1.8%€114,566▲ 95.9%€149,686▲ 30.7%€128,320▼ 14.3%
Total assets€116,755▼ 25.4%€174,287▲ 49.3%€196,015▲ 12.5%€212,211▲ 8.3%€180,406▼ 15.0%
Debt€57,179▼ 52.6%€115,811▲ 103%€81,449▼ 29.7%€62,525▼ 23.2%€52,087▼ 16.7%
Working capital-€31,991▲ 23.4%-€63,591▼ 98.8%€580€41,732▲ 7,097%€26,200▼ 37.2%
Staff (FTE)1.8▲ 260%3.4▲ 88.9%1.6▼ 52.9%
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 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180,406
Fixed assets
€105,345 ▼ 16.1%
Current assets
€75,062 ▼ 13.4%
Equity and liabilities €180,406
Equity
€128,320 ▼ 14.3%
Debt
€52,087 ▼ 16.7%
Debt's share of the balance-sheet total falls from 29.5% to 28.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59,839▼
2024 · €103,285
Cash flow
€47,412▼
2024 · €80,528
Current ratio
1.54▼
2024 · 1.93
Debt to equity
0.41▼
2024 · 0.42
ROE
20.0%▼
2024 · 39.2%
ROA
14.2%▼
2024 · 27.7%
Interest coverage
13.92▼
2024 · 18.06
Debt ≤ 1 year
€48,862▲
2024 · €44,967
Debt > 1 year
€3,225▼
2024 · €17,558
Income taxes
€8,129▼
2024 · €17,037
Staff costs
€133,983▲
2024 · €117,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €23,358 | €44,384 | €77,396 | €117,080 | €133,983 | ▲ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,777 | €32,990 | €21,696 | €21,817 | €21,719 | ▼ 0.5% |
| Other operating charges640/8 | €194 | €1,102 | €1,799 | €1,028 | €2,207 | ▲ 115% |
| Non-recurring operating charges66A | - | €2,281 | €0 | - | - | - |
| Gross operating margin9900 | €73,744 | €84,971 | €175,577 | €221,393 | €196,029 | ▼ 11.5% |
| Operating profit (loss)9901 | €38,414 | €4,213 | €74,686 | €81,467 | €38,120 | ▼ 53.2% |
| Financial income75/76B | €2 | €58 | €306 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €2 | €58 | €306 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €1,374 | €5,228 | €4,776 | €5,719 | €4,298 | ▼ 24.9% |
| Recurring financial charges65 | €1,374 | €5,228 | €4,776 | €5,719 | €4,298 | ▼ 24.9% |
| Profit (loss) for the period before taxes9903 | €37,042 | -€956 | €70,215 | €75,748 | €33,822 | ▼ 55.3% |
| Income taxes67/77 | €9,651 | €144 | €14,126 | €17,037 | €8,129 | ▼ 52.3% |
| Profit (loss) for the period9904 | €27,391 | -€1,101 | €56,090 | €58,711 | €25,693 | ▼ 56.2% |
| Profit (loss) for the period to be appropriated9905 | €27,391 | -€1,101 | €56,090 | €58,711 | €25,693 | ▼ 56.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,755 | €174,287 | €196,015 | €212,211 | €180,406 | ▼ 15.0% |
| Fixed assets21/28 | €91,567 | €167,211 | €145,514 | €125,512 | €105,345 | ▼ 16.1% |
| Intangible fixed assets21 | €88,872 | €80,387 | €68,793 | €57,199 | €45,607 | ▼ 20.3% |
| Tangible fixed assets22/27 | €2,696 | €80,624 | €70,522 | €62,113 | €53,537 | ▼ 13.8% |
| Plant, machinery and equipment23 | €2,696 | €6,871 | €4,768 | €4,359 | €2,500 | ▼ 42.7% |
| Furniture and vehicles24 | - | - | - | - | €1,284 | - |
| Leasing and similar rights25 | - | €73,753 | €65,753 | €57,753 | €49,753 | ▼ 13.9% |
| Financial fixed assets28 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Current assets29/58 | €25,188 | €7,076 | €50,501 | €86,699 | €75,062 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €18,311 | €496 | €124 | €605 | €7,051 | ▲ 1,065% |
| Trade receivables40 | €16,325 | €235 | €0 | €350 | €60 | ▼ 82.9% |
| Other amounts receivable41 | €1,986 | €261 | €124 | €255 | €6,991 | ▲ 2,639% |
| Cash at bank and in hand54/58 | €4,681 | €4,952 | €47,629 | €82,147 | €62,072 | ▼ 24.4% |
| Deferred charges and accrued income490/1 | €2,196 | €1,628 | €2,748 | €3,947 | €5,938 | ▲ 50.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,755 | €174,287 | €196,015 | €212,211 | €180,406 | ▼ 15.0% |
| Equity10/15 | €59,577 | €58,476 | €114,566 | €149,686 | €128,320 | ▼ 14.3% |
| Contributions10/11 | €24,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Reserves13 | €23,591 | €23,591 | €23,591 | €125,686 | €104,320 | ▼ 17.0% |
| Distributable reserves133 | €23,591 | €23,591 | €23,591 | €125,686 | €104,320 | ▼ 17.0% |
| Profit (loss) carried forward14 | €11,985 | €10,885 | €66,975 | €0 | €0 | - |
| Amounts payable17/49 | €57,179 | €115,811 | €81,449 | €62,525 | €52,087 | ▼ 16.7% |
| Amounts payable after more than one year17 | - | €45,144 | €31,528 | €17,558 | €3,225 | ▼ 81.6% |
| Financial debts170/4 | - | €45,144 | €31,528 | €17,558 | €3,225 | ▼ 81.6% |
| Amounts payable within one year42/48 | €57,179 | €70,667 | €49,921 | €44,967 | €48,862 | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | €25,399 | €29,442 | €13,616 | €13,970 | €14,334 | ▲ 2.6% |
| Trade debts44 | €16,770 | €7,747 | €4,756 | €9,559 | €17,382 | ▲ 81.8% |
| Suppliers440/4 | €16,770 | €7,747 | €4,756 | €9,559 | €17,382 | ▲ 81.8% |
| Advances received on contracts in progress46 | €320 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €10,891 | €15,529 | €18,668 | €12,882 | €8,528 | ▼ 33.8% |
| Taxes450/3 | €9,753 | €12,734 | €17,008 | €7,114 | €3,921 | ▼ 44.9% |
| Remuneration and social security454/9 | €1,138 | €2,795 | €1,660 | €5,767 | €4,606 | ▼ 20.1% |
| Other amounts payable47/48 | €3,800 | €17,948 | €12,881 | €8,556 | €8,619 | ▲ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,391 | -€1,101 | €56,090 | €58,711 | €25,693 | ▼ 56.2% |
| + Depreciation and write-downs630 | €11,777 | €32,990 | €21,696 | €21,817 | €21,719 | ▼ 0.5% |
| Operating cash flow (approximation) | €39,169 | €31,890 | €77,786 | €80,528 | €47,412 | ▼ 41.1% |
| Investment in fixed assets (approximation) | - | -€108,634 | €0 | -€1,815 | -€1,552 | ▲ 14.5% |
| Change in cash | - | €271 | €42,676 | €34,518 | -€20,074 | ▼ 158% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €58,711 ▲4.7%
Operating result €81,467, net result €58,711, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 192 days late
2023
31-12
Financial
Back to profitnet €56,090
Net result €56,090 after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 1.01
Current ratio from 0.10 to 1.01; short-term debt falls from €70,667 to €49,921.
31-12
Financial
Equity above €100,000Eq €114,566 ▲95.9%
Equity rises from €58,476 to €114,566.
2022
31-12
Financial
Weakest financial yearnet -€1,101
Net result drops to -€1,101, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Pieters-Leeuw · 1 establishment unit since 2022
Ground area
753 m²
Building footprint
249 m²
Volume, LiDAR
1,364 m³
2 parcels, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Frituur Patatekot
since 20222.327.816.886
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23017D0220/00N002 | Flanders | 577 m² | 1 · 177 m² | 12.8 m · 3 fl. |
| 23069A0556/00D000 | Flanders | 175 m² | 1 · 72 m² | 0.2 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeersel2.327.816.886
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 7,492 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
Founded23-01-2020
Fiscal year end31-12
Trade name NL
PATATEKOT
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741957255
Also
9925:BE0741957255
Registered
04-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.