Frelly's

Active

Private limited companyfounded 20224 yrs activeBevrijdingslaan 222, 2450 Meerhout, BelgiumKBO/BCE: BE 0786.765.218

The computed 12-month bankruptcy probability of Frelly's is 1.7% (moderate). The 2025 annual accounts show equity of €113k and a net result of €42k. Equity is growing by ~82% per year across the filed fiscal years. Its solvency ranks better than 39% of 18173 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability79▼-1

Solvency46▲+8

Growth78=

Track record94

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity ample (current ratio 3.67 against 2.32 in 2024; short-term debt: 8.4% and cash: 14.8% of total assets), but 79.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

20.9%

Return on assets

7.9%

Age of the figures

12 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-04-2026, 16 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

16 d early

2024

30 d early

2023

15 d early

2022

13 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

19-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€113k▲ 60.4%

2024 · €70k

2022: €20k 2023: €22k 2024: €70k

2022 → 2025

Total assets

€541k▲ 0.6%

2024 · €537k

2022: €84k 2023: €507k 2024: €537k

2022 → 2025

Net result

€42k▼ 12.3%

2024 · €48k

2022: €18k 2023: €2k 2024: €48k

2022 → 2025

Working capital

€121k▲ 44.4%

2024 · €84k

2022: €37k 2023: €40k 2024: €84k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€20k-€22k▲ 8.7%€70k▲ 221%€113k▲ 60.4%

Operating result€24k-€5k▼ 79.6%€75k▲ 1,443%€67k▼ 11.8%

Net result€18k-€2k▼ 90.0%€48k▲ 2,644%€42k▼ 12.3%

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 12% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €541k

69.3%

30.7%

Fixed assets €375k▼ 4.0%

Current assets €166k▲ 12.9%

Equity and liabilities €541k

20.9%

79.1%

Equity €113k▲ 60.4%

Debt €428k▼ 8.4%

The debt ratio falls from 86.9% to 79.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€82k▼

2024 · €92k

Cash flow

€58k▼

2024 · €65k

Solvency

20.9%▲

2024 · 13.1%

Current ratio

3.67▲

2024 · 2.32

Quick ratio

2.03▲

2024 · 1.05

Debt / equity

3.79▼

2024 · 6.64

ROE

37.6%▼

2024 · 68.8%

ROA

7.9%▼

2024 · 9.0%

Interest coverage

7.95▼

2024 · 8.36

Debt

€428k▼

2024 · €467k

Debt ≤ 1 year

€45k▼

2024 · €63k

Debt > 1 year

€383k▼

2024 · €404k

Income taxes

€14k▼

2024 · €16k

Staff costs

€2k▼

2024 · €12k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€537k€541k▲

Fixed assets21/28€391k€375k▼

Tangible fixed assets22/27€391k€375k▼

Land and buildings22€383k€372k▼

Furniture and vehicles24€7k€3k▼

Other tangible fixed assets26€0-

Current assets29/58€147k€166k▲

Stocks and contracts in progress3€80k€74k▼

Stocks30/36€80k€74k▼

Amounts receivable within one year40/41€3k€7k▲

Trade receivables40€2k€726▼

Other amounts receivable41€899€6k▲

Current investments50/53€0-

Cash at bank and in hand54/58€63k€80k▲

Deferred charges and accrued income490/1€1k€5k▲

Equity and liabilities

Total equity and liabilities10/49€537k€541k▲

Equity10/15€70k€113k▲

Contributions10/11€3k€3k=

Reserves13€68k€110k▲

Distributable reserves133€68k€110k▲

Amounts payable17/49€467k€428k▼

Amounts payable after more than one year17€404k€383k▼

Financial debts170/4€212k€199k▼

Other amounts payable178/9€192k€184k▼

Amounts payable within one year42/48€63k€45k▼

Current portion of amounts payable after more than one year42€18k€13k▼

Trade debts44€27k€29k▲

Suppliers440/4€27k€29k▲

Taxes, remuneration and social security45€18k€3k▼

Taxes450/3€16k€2k▼

Remuneration and social security454/9€2k€2k▼

Accrued charges and deferred income492/3-€22

Income statement Code20242025

Remuneration, social security and pensions62€12k€2k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼

Other operating charges640/8€4k€4k▲

Non-recurring operating charges66A€2k€0▼

Gross operating margin9900€109k€89k▼

Operating profit (loss)9901€75k€67k▼

Financial income75/76B€16€643▲

Recurring financial income75€16€643▲

Financial charges65/66B€11k€10k▼

Recurring financial charges65€11k€10k▼

Profit (loss) for the period before taxes9903€64k€57k▼

Income taxes67/77€16k€14k▼

Profit (loss) for the period9904€48k€42k▼

Profit (loss) for the period to be appropriated9905€48k€42k▼

Appropriation of the result

Profit (loss) to be appropriated9906€48k€42k▼

Transfer to equity691/2€48k€42k▼

To other reserves6921€48k€42k▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 30-04-2027

2026

14-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-09

Financial Equity above €100kEq €113k ▲60.4%

4 profitable years in a row build equity to €113k.

31-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-09

Financial Highest result since 2022net €48k ▲2644%

Operating result €75k, net result €48k, both a record.

15-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-09

Financial Weakest financial yearnet €2k ▼90%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

17-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Meerhout · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Bevrijdingslaan 2222450 Meerhout

Ground area

1,203 m²

Building footprint

273 m²

Parcel 13021A1370/00P000, Flanders. Linked by address, not a title deed.

1 establishment unit

Frelly's

Bevrijdingslaan 222, 2450 MeerhoutOther printing

since 20222.332.571.965

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13021A1370/00P000	Flanders	1,203 m²	1 · 273 m²	-

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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Meerhout2.332.571.965

1 permission

Toelating · Verkooppunt · since 16-09-2023

Similar companies · same sector, comparable size

Hechtel-Eksel · Eq €113k

Of 6,501 companies in sector 47716 we hold annual accounts for 2,438. 1,898 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded02-06-2022

Fiscal year end30-09

Activities, NACEBEL

47716Retail sale of clothing and accessories for women, men, children and babies (general range)

18120Other printing

18130Pre-press and pre-media services

47242Retail sale of chocolate and confectionery

47789Other retail sale of new goods

47890Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.