Equity
€134,498 ▼ 18.0%
FRELIJA paid out €130,000 in dividends. That is 130% of the 2025 profit.
FRELIJA
Lifetime
10 annual accounts with figures on one time axispeak €595,843 (2023)
€467,633▼ 19.0%
lowest -€19,753 (2016)
€100,384▼ 49.4%
peak €164,114 (2024)
€134,498▼ 18.0%
€350,357▼ 17.6%
peak 8.5 FTE (2022)
7.4 FTE▲ 8.8%
Board1 name since 2015
1 directorCOULIER Frederik Bernard
Documentsfilings and deeds
16-06-202645 days before the deadline
2025abbreviated format
Gross margin from €577,675 to €467,633Result from €198,565 to €100,384Staff from 6.8 FTE to 7.4 FTEDividend €130,000Equity from €164,114 to €134,498Debts from €425,421 to €350,357
Key points
from the 2025 annual accountsResult
€100,384 ▼ 49.4%
The result fell in 2025 from €198,565 to €100,384.
Turnover
≈ €4.4m estimated
The accounts state no turnover.
Debts
€350,357 72% of the balance sheet
Financial debts 5%Suppliers 34%Taxes and wages 17%Other 44%
Of this, €338,357 falls due within a year.
Staff
7 employees on 31-12-2025
In 2025, 14 people joined and 13 left.
Filings
10 annual accounts since 2016
The last five annual accounts were filed 13 to 55 days before the end of the period.
Checked score
84
Excellent
Financially stronger than 53% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.4%▼ -0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.9%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.4%▼ -0.5 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: 7.4 FTE, total assets €484,855
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 1.20, cash €162,755
Founded in 2015
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 43% of them on solvency, 60% on liquidity, 88% on profitability and 21% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as FRELIJA has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FRELIJA itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 5,053 companies, not a prediction for FRELIJA. 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.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (1.21 in 2024), below the usual 1.5. Short-term debt is 69.8% and cash 33.6% of total assets. 72.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
42 days early
2023
14 days early
2022
55 days early
2021
13 days early
2020
52 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0606970372
Amendment of the articles · Legal-form change · Resignations & appointments
Resignation: COULIER Frederik Bernard (director) · Reappointment: COULIER Frederik Bernard (director) · Director discharge: COULIER Frederik Bernard (manager) · Gazette deed
First establishment
SPAR BREDENE, Fritz Vinckelaan 78-80, Bredene
Incorporation
published on 20-03-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRELIJA Bredene | €484,855 | €467,633 | 27.7% | 7.4 |
| HZN Ixelles | €454,513 | €627,980 | 32.9% | 8.3 |
| SOGILAS Moorslede | €529,091 | €361,969 | -112.1% | 8.3 |
| LAUVIC Ledegem | €523,360 | €306,725 | -7.3% | 8.3 |
| LOVOS Oostduinkerke Koksijde | €903,174 | €603,700 | 32.3% | 7.2 |
| DELTITO Wingene | €814,054 | €369,706 | 17.8% | 6.2 |
| INFRA Oudenaarde | €587,099 | €504,799 | 37.1% | 6.5 |
These companies have the same main activity as FRELIJA: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €455,000 and €903,000, founded between 2012 and 2017.
Official details
Source: KBO- Status
- Active since 18-03-2015Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committees
- 119Food trade
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.241.488.5698450 Bredene, since 16-04-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 15-05-2025
Annual accounts 2025
- €484,855▼ 17.8%
- Employeeson 31-12-2025
- 7▼ 22.2%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on FRELIJA
FRELIJA files the abbreviated format. That format states no turnover. The gross margin rose from €253,061 in 2016 to €467,633 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FRELIJA
- What is the company number of FRELIJA?
- The company number of FRELIJA is 0606.970.372. The VAT number is the same number with BE in front: BE 0606.970.372.
- Where is FRELIJA based?
- The registered office is at Fritz Vinckelaan 78-80, 8450 Bredene.Company details
- What does FRELIJA do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of FRELIJA?
- FRELIJA is a private limited company (BV).
- When was FRELIJA founded?
- FRELIJA was founded on 18-03-2015.
- Is FRELIJA still active?
- Yes, FRELIJA is an active enterprise in the KBO register.
- How many employees does FRELIJA have?
- FRELIJA had an average of 7.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FRELIJA fall under?
- In its 2025 annual accounts, FRELIJA states joint committees 119 (Food trade) and 201 (Independent retail).
- What is the turnover of FRELIJA?
- The turnover in financial year 2025 is ≈ €4.4m. This figure is estimated from the gross margin of €467,633 and 43 comparable companies (NACE 47110). It probably lies between €3.5m and €6.0m.
- Is FRELIJA profitable?
- In financial year 2025, FRELIJA made a profit of €100,384.
- Where can I find the annual accounts of FRELIJA?
- FRELIJA filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FRELIJA due?
- FRELIJA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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