FRELOT
ActiveFRELOT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €-48k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 19% of 4122 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
17
/ 100
Critical▼ -59 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency17▼-18
Growth32▼-46
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.02 against 1.56 in 2024), and 90.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 4122 sector peers (2025).
NBB · sector comparisonPosition among 4122 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
42 d late
2024
13 d early
2023
14 d late
2022
47 d early
2021
1 d early
2020
16 d early
2019
8 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-48k
2024 · €96k
2018: €55k
2019: €-450
2020: €31k
2021: €35k
2022: €-52k
2023: €-59k
2024: €96k
2018 → 2025
Working capital
€15k▼ 95.3%
2024 · €323k
2018: €29k
2019: €57k
2020: €198k
2021: €289k
2022: €336k
2023: €230k
2024: €323k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€185k-€128k▼ 30.7%€103k▼ 19.8%€164k▲ 60.2%€117k▼ 29.1%
Operating result€60k-€-36k€-57k▼ 57.4%€111k€-37k
Net result€35k-€-52k€-59k▼ 14.3%€96k€-48k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €37k after €111k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€378k▲ 265%
Current assets
€911k▲ 1.5%
Equity and liabilities €1.29M
Equity
€117k▼ 29.1%
Debt
€1.17M▲ 40.1%
The debt ratio rises from 83.6% to 90.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-2k▼
2024 · €154k
Cash flow
€-13k▼
2024 · €139k
Solvency
9.1%▼
2024 · 16.4%
Current ratio
1.02▼
2024 · 1.56
Quick ratio
0.52▼
2024 · 0.69
Debt / equity
10.05▲
2024 · 5.08
ROE
-41.0%▼
2024 · 58.2%
ROA
-3.7%▼
2024 · 9.6%
Interest coverage
-0.15▼
2024 · 9.51
Debt
€1.17M▲
2024 · €836k
Debt ≤ 1 year
€896k▲
2024 · €574k
Debt > 1 year
€219k▼
2024 · €262k
Income taxes
€197▼
2024 · €5k
Staff costs
€386k▲
2024 · €374k
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€1.00M€1.29M▲
Fixed assets21/28€104k€378k▲
Tangible fixed assets22/27€104k€378k▲
Land and buildings22€519€0▼
Plant, machinery and equipment23€17k€21k▲
Leasing and similar rights25€80k€58k▼
Other tangible fixed assets26€7k€3k▼
Assets under construction and advance payments27-€296k
Current assets29/58€897k€911k▲
Stocks and contracts in progress3€502k€444k▼
Stocks30/36€502k€444k▼
Amounts receivable within one year40/41€16k€91k▲
Trade receivables40€16k€76k▲
Other amounts receivable41€0€15k▲
Current investments50/53€150k€150k=
Cash at bank and in hand54/58€227k€194k▼
Deferred charges and accrued income490/1€2k€32k▲
Equity and liabilities
Total equity and liabilities10/49€1.00M€1.29M▲
Equity10/15€164k€117k▼
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€12k€12k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Profit (loss) carried forward14€-148k€-196k▼
Amounts payable17/49€836k€1.17M▲
Amounts payable after more than one year17€262k€219k▼
Financial debts170/4€107k€64k▼
Other amounts payable178/9€155k€155k=
Amounts payable within one year42/48€574k€896k▲
Current portion of amounts payable after more than one year42€46k€43k▼
Trade debts44€433k€762k▲
Suppliers440/4€433k€762k▲
Taxes, remuneration and social security45€72k€83k▲
Taxes450/3€5k€17k▲
Remuneration and social security454/9€67k€65k▼
Other amounts payable47/48€24k€8k▼
Accrued charges and deferred income492/3-€57k
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€374k€386k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€35k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€13k€0▼
Gross operating margin9900€545k€387k▼
Operating profit (loss)9901€111k€-37k▼
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€16k€16k▼
Recurring financial charges65€16k€16k▼
Profit (loss) for the period before taxes9903€101k€-48k▼
Income taxes67/77€5k€197▼
Profit (loss) for the period9904€96k€-48k▼
Profit (loss) for the period to be appropriated9905€96k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-148k€-196k▼
Profit (loss) brought forward from the previous period14P€-244k€-148k▲
Social balance
Average headcount (FTE)90877.47.0▼
The notes to these accounts (21 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
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 42 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2024
31-12
Financial
Back to profitnet €96k
Net result €96k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €164k ▲60.2%
Equity rises from €103k to €164k.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €185k ▲23.4%
2 profitable years in a row build equity to €185k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Ravels · 1 establishment unit since 2007
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.
Grote Baan 56-582380 RavelsGround area
6,746 m²
Building footprint
1,570 m²
Volume, LiDAR
7,026 m³
Parcel 13035A0018/00X000, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AD Delhaize Ravels
since 20072.165.417.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13035A0018/00X000 | Flanders | 6,746 m² | 1 · 1,570 m² | 10.6 m · 1 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
2024 to 2025 · 2 entries · 1,958 EUR awarded · 240 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,958 EUR | 0 EUR |
| 2024 | 1 | 0 EUR | 240 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteRavels2.165.417.013
Similar companies · same sector, comparable size
Cocoricoop
BE 0703.913.657
Ciney · Eq €117k
CULIKADO
BE 0861.220.438
Brugge · Eq €117k
KARADAG 2
BE 0696.725.858
Seraing · Eq €117k
VIKISA
BE 0696.781.781
Mouscron · Eq €117k
LA C R E M E R I E
BE 0861.994.359
Antwerpen · Eq €116k
Of 10,411 companies in sector 47110 we hold annual accounts for 5,787. 4,533 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-08-2007
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
52114
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.