FRÉLICE
ActiveSummary
FRÉLICE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €192k. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 21.38; short-term debt: 4.5% and cash: 67.4% of total assets), and 4.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
95.5%
Return on assets
18.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
9 d early
2023
22 d early
2022
12 d early
2021
33 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.01M▲ 23.4%
2024 · €821k
2018: €10klowest in 8 years
2019: €122k▲ +1125% vs 2018
2020: €293k▲ +139% vs 2019
2021: €330k▲ +12.5% vs 2020
2022: €328k▼ -0.6% vs 2021
2023: €747k▲ +128% vs 2022
2024: €821k▲ +9.9% vs 2023
2025: €1.01M▲ +23.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.06M▲ 28.7%
2024 · €823k
2018: €11klowest in 8 years
2019: €154k▲ +1274% vs 2018
2020: €293k▲ +90.6% vs 2019
2021: €344k▲ +17.2% vs 2020
2022: €334k▼ -2.9% vs 2021
2023: €899k▲ +169% vs 2022
2024: €823k▼ -8.5% vs 2023
2025: €1.06M▲ +28.7% vs 2024highest in 8 years
2018 → 2025
Net result
€192k▲ 160%
2024 · €74k
2018: €-2klowest in 8 years
2019: €112k▲ +4788% vs 2018
2020: €171k▲ +51.7% vs 2019
2021: €131k▼ -23.5% vs 2020
2022: €-2k▼ -102% vs 2021
2023: €419k▲ +20830% vs 2022highest in 8 years
2024: €74k▼ -82.4% vs 2023
2025: €192k▲ +160% vs 2024
2018 → 2025
Working capital
€962k▲ 26.3%
2024 · €762k
2018: €10klowest in 8 years
2019: €122k▲ +1125% vs 2018
2020: €293k▲ +139% vs 2019
2021: €330k▲ +12.5% vs 2020
2022: €328k▼ -0.5% vs 2021
2023: €747k▲ +127% vs 2022
2024: €762k▲ +2.0% vs 2023
2025: €962k▲ +26.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€330k-€328k▼ 0.6%€747k▲ 128%€821k▲ 9.9%€1.01M▲ 23.4%
2021: €330k
2022: €328k▼ -0.6% vs 2021lowest in 5 years
2023: €747k▲ +128% vs 2022
2024: €821k▲ +9.9% vs 2023
2025: €1.01M▲ +23.4% vs 2024highest in 5 years
Operating result€161k-€-2k€559k€88k▼ 84.2%€255k▲ 190%
2021: €161k
2022: €-2k▼ -101% vs 2021lowest in 5 years
2023: €559k▲ +28330% vs 2022highest in 5 years
2024: €88k▼ -84.2% vs 2023
2025: €255k▲ +190% vs 2024
Net result€131k-€-2k€419k€74k▼ 82.4%€192k▲ 160%
2021: €131k
2022: €-2k▼ -102% vs 2021lowest in 5 years
2023: €419k▲ +20830% vs 2022highest in 5 years
2024: €74k▼ -82.4% vs 2023
2025: €192k▲ +160% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 190% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€51k ▼ 13.8%
Current assets
€1.01M ▲ 32.0%
Equity and liabilities €1.06M
Equity
€1.01M ▲ 23.4%
Debt
€47k ▲ 1,545%
Debt's share of the balance-sheet total rises from 0.3% to 4.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€269k▲
2024 · €96k
Cash flow
€205k▲
2024 · €82k
Current ratio
21.38
Debt to equity
0.05▲
2024 · 0.00
ROE
19.0%▲
2024 · 9.0%
ROA
18.1%▲
2024 · 9.0%
Interest coverage
4641.63▲
2024 · 2204.14
Debt ≤ 1 year
€47k▲
2024 · €3k
Income taxes
€67k▲
2024 · €25k
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€823k€1.06M▲
Fixed assets21/28€59k€51k▼
Tangible fixed assets22/27€59k€51k▼
Furniture and vehicles24€59k€51k▼
Current assets29/58€765k€1.01M▲
Amounts receivable within one year40/41€178k€295k▲
Trade receivables40€100k€279k▲
Other amounts receivable41€77k€16k▼
Cash at bank and in hand54/58€586k€714k▲
Deferred charges and accrued income490/1€669-
Equity and liabilities
Total equity and liabilities10/49€823k€1.06M▲
Equity10/15€821k€1.01M▲
Contributions10/11€19k€19k=
Reserves13€802k€994k▲
Distributable reserves133€802k€994k▲
Amounts payable17/49€3k€47k▲
Amounts payable within one year42/48€3k€47k▲
Trade debts44€141€2k▲
Suppliers440/4€141€2k▲
Taxes, remuneration and social security45-€41k
Taxes450/3-€41k
Other amounts payable47/48€3k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€302€217▼
Gross operating margin9900€96k€269k▲
Operating profit (loss)9901€88k€255k▲
Financial income75/76B€11k€4k▼
Recurring financial income75€11k€4k▼
Financial charges65/66B€44€58▲
Recurring financial charges65€44€58▲
Profit (loss) for the period before taxes9903€99k€259k▲
Income taxes67/77€25k€67k▲
Profit (loss) for the period9904€74k€192k▲
Profit (loss) for the period to be appropriated9905€74k€192k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€192k▲
Transfer to equity691/2€74k€192k▲
To other reserves6921€74k€192k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €8k | €13k | ▲ 73.0% |
| Other operating charges640/8 | €272 | €273 | €533 | €302 | €217 | ▼ 28.1% |
| Gross operating margin9900 | €161k | €-2k | €560k | €96k | €269k | ▲ 180% |
| Operating profit (loss)9901 | €161k | €-2k | €559k | €88k | €255k | ▲ 190% |
| Financial income75/76B | - | - | - | €11k | €4k | ▼ 65.7% |
| Recurring financial income75 | - | - | - | €11k | €4k | ▼ 65.7% |
| Financial charges65/66B | €37 | €39 | €39 | €44 | €58 | ▲ 33.1% |
| Recurring financial charges65 | €37 | €39 | €39 | €44 | €58 | ▲ 33.1% |
| Profit (loss) for the period before taxes9903 | €161k | €-2k | €559k | €99k | €259k | ▲ 163% |
| Income taxes67/77 | €30k | - | €140k | €25k | €67k | ▲ 171% |
| Profit (loss) for the period9904 | €131k | €-2k | €419k | €74k | €192k | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €131k | €-2k | €419k | €74k | €192k | ▲ 160% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €344k | €334k | €899k | €823k | €1.06M | ▲ 28.7% |
| Fixed assets21/28 | - | - | - | €59k | €51k | ▼ 13.8% |
| Tangible fixed assets22/27 | - | - | - | €59k | €51k | ▼ 13.8% |
| Furniture and vehicles24 | - | - | - | €59k | €51k | ▼ 13.8% |
| Current assets29/58 | €344k | €334k | €899k | €765k | €1.01M | ▲ 32.0% |
| Amounts receivable within one year40/41 | €172k | €145k | €573k | €178k | €295k | ▲ 65.9% |
| Trade receivables40 | €172k | €145k | €563k | €100k | €279k | ▲ 179% |
| Other amounts receivable41 | - | €61 | €10k | €77k | €16k | ▼ 79.7% |
| Current investments50/53 | - | - | €300k | - | - | - |
| Cash at bank and in hand54/58 | €172k | €189k | €26k | €586k | €714k | ▲ 21.8% |
| Deferred charges and accrued income490/1 | - | - | - | €669 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €344k | €334k | €899k | €823k | €1.06M | ▲ 28.7% |
| Equity10/15 | €330k | €328k | €747k | €821k | €1.01M | ▲ 23.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €311k | €309k | €728k | €802k | €994k | ▲ 23.9% |
| Distributable reserves133 | €311k | €309k | €728k | €802k | €994k | ▲ 23.9% |
| Amounts payable17/49 | €14k | €6k | €153k | €3k | €47k | ▲ 1,545% |
| Amounts payable within one year42/48 | €14k | €6k | €153k | €3k | €47k | ▲ 1,545% |
| Trade debts44 | €297 | - | €100 | €141 | €2k | ▲ 1,613% |
| Suppliers440/4 | €297 | - | €100 | €141 | €2k | ▲ 1,613% |
| Taxes, remuneration and social security45 | €13k | €4k | - | - | €41k | - |
| Taxes450/3 | €13k | €4k | - | - | €41k | - |
| Other amounts payable47/48 | €862 | €1k | €153k | €3k | €4k | ▲ 44.0% |
| Accrued charges and deferred income492/3 | - | €348 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131k | €-2k | €419k | €74k | €192k | ▲ 160% |
| + Depreciation and write-downs630 | - | - | - | €8k | €13k | ▲ 73.0% |
| Operating cash flow (approximation) | €131k | €-2k | €419k | €82k | €205k | ▲ 152% |
| Investment in fixed assets (approximation) | - | - | - | - | €-5k | - |
| Change in cash | - | €17k | €-163k | €560k | €128k | ▼ 77.2% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.01M ▲23.4%
3 profitable years in a row build equity to €1.01M.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 45current ratio 266.55
Current ratio from 5.89 to 266.55; short-term debt falls from €153k to €3k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €419k
Net result €419k after one loss-making year.
31-12
Financial
Equity above €500kEq €747k ▲128%
Equity rises from €328k to €747k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 60.39
Current ratio from 24.60 to 60.39; short-term debt falls from €14k to €6k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 190current ratio 928.59
Current ratio from 4.89 to 928.59; short-term debt falls from €32k to €316.
Show earlier events
31-12
Financial
Equity above €200kEq €293k ▲139%
2 profitable years in a row build equity to €293k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €112k
Net result €112k after one loss-making year.
31-12
Financial
Equity above €100kEq €122k ▲1,125%
Equity rises from €10k to €122k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Duffel · 1 establishment unit since 2017
Ground area
6,408 m²
Building footprint
156 m²
Volume, LiDAR
866 m³
Parcel 12302D0398/00E000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRÉLICE
since 20172.269.695.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12302D0398/00E000 | Flanders | 6,408 m² | 1 · 156 m² | 8.3 m · 2 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 408 companies in sector 46110 we hold annual accounts for 172. 99 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
Founded08-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46110Wholesale trade
46319Wholesale of fruit and vegetables, excluding potatoes
Scores and ratios are computed by Checked and are not a credit decision.