FRELIS
ActiveSummary
FRELIS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €34k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+13
Solvency46▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 2.75 in 2024; short-term debt: 14.9% and cash: 1.7% of total assets), but 78.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
8 d early
2023
4 d early
2022
3 d early
2021
2 d early
2020
17 d late
2019
3 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€167k▲ 24.3%
2024 · €135k
2019: €115k
2020: €53k
2021: €70k
2022: €122k
2023: €134k
2024: €135k
2019 → 2025
Total assets
€790k▲ 50.6%
2024 · €525k
2019: €767k
2020: €821k
2021: €706k
2022: €516k
2023: €513k
2024: €525k
2019 → 2025
Net result
€34k▲ 1,419%
2024 · €2k
2019: €12k
2020: €-62k
2021: €17k
2022: €52k
2023: €13k
2024: €2k
2019 → 2025
Working capital
€291k▲ 185%
2024 · €102k
2019: €365k
2020: €377k
2021: €-107k
2022: €-47k
2023: €-28k
2024: €102k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€122k▲ 74.0%€134k▲ 9.6%€135k▲ 0.4%€167k▲ 24.3%
Operating result€36k-€61k▲ 69.6%€30k▼ 50.9%€13k▼ 55.1%€68k▲ 408%
Net result€17k-€52k▲ 199%€13k▼ 74.5%€2k▼ 83.1%€34k▲ 1,419%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 408% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €790k
Fixed assets
€381k ▲ 4.7%
Current assets
€409k ▲ 155%
Equity and liabilities €790k
Equity
€167k ▲ 24.3%
Debt
€623k ▲ 59.8%
Debt's share of the balance-sheet total rises from 74.3% to 78.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2024 · €49k
Cash flow
€72k▲
2024 · €38k
Current ratio
3.47▲
2024 · 2.75
Quick ratio
0.42▼
2024 · 1.65
Debt to equity
3.72▲
2024 · 2.90
ROE
20.4%▲
2024 · 1.7%
ROA
4.3%▲
2024 · 0.4%
Interest coverage
5.96▲
2024 · 5.02
Debt ≤ 1 year
€118k▲
2024 · €58k
Debt > 1 year
€493k▲
2024 · €326k
Income taxes
€16k▲
2024 · €1k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€525k€790k▲
Fixed assets21/28€364k€381k▲
Tangible fixed assets22/27€359k€376k▲
Land and buildings22€305k€286k▼
Plant, machinery and equipment23€26k€24k▼
Furniture and vehicles24€29k€17k▼
Other tangible fixed assets26-€50k
Financial fixed assets28€5k€5k=
Current assets29/58€161k€409k▲
Stocks and contracts in progress3€64k€360k▲
Stocks30/36€64k€360k▲
Amounts receivable within one year40/41€93k€36k▼
Trade receivables40€82k€20k▼
Other amounts receivable41€11k€16k▲
Cash at bank and in hand54/58€4k€14k▲
Equity and liabilities
Total equity and liabilities10/49€525k€790k▲
Equity10/15€135k€167k▲
Contributions10/11€12k€12k=
Reserves13€122k€155k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€122k€155k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€390k€623k▲
Amounts payable after more than one year17€326k€493k▲
Financial debts170/4€201k€368k▲
Other amounts payable178/9€125k€125k=
Amounts payable within one year42/48€58k€118k▲
Current portion of amounts payable after more than one year42€31k€29k▼
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Advances received on contracts in progress46-€500
Taxes, remuneration and social security45€12k€2k▼
Taxes450/3€12k€2k▼
Other amounts payable47/48€11k€80k▲
Accrued charges and deferred income492/3€5k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€38k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€50k€107k▲
Operating profit (loss)9901€13k€68k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€10k€18k▲
Recurring financial charges65€10k€18k▲
Profit (loss) for the period before taxes9903€4k€50k▲
Income taxes67/77€1k€16k▲
Profit (loss) for the period9904€2k€34k▲
Profit (loss) for the period to be appropriated9905€2k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€34k▲
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€2k€33k▲
To other reserves6921€2k€33k▲
Profit to be distributed694/7€2k€1k▼
Return on contributions (dividend)694€2k€1k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €150kEq €167k ▲24.3%
5 profitable years in a row build equity to €167k.
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 2.75
Current ratio from 0.81 to 2.75; short-term debt falls from €147k to €58k.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €52k ▲199%
Net result €52k, the highest in the series.
31-03
Financial
Equity above €100kEq €122k ▲74%
2 profitable years in a row build equity to €122k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
31-03
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
Show earlier events
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Torhout · 1 establishment unit since 2009
Ground area
1,276 m²
Building footprint
182 m²
Volume, LiDAR
1,124 m³
Parcel 31523H0536/00E000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kortemarkstraat 225, 8820 Torhout
since 20092.179.413.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523H0536/00E000 | Flanders | 1,276 m² | 1 · 182 m² | 9.3 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,452 EUR awarded · 1,452 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,452 EUR | 1,452 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 10,667 companies in sector 47811 we hold annual accounts for 5,219. 3,719 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-06-2009
Fiscal year end31-03
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.