FRENATH
ActiveFRENATH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €11k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84=
Solvency83▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.33 in 2024; short-term debt: 39.2% and cash: 74.7% of total assets), and 42% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
58%
Return on assets
12%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
26 d late
2023
23 d late
2022
31 d late
2021
78 d late
2020
68 d late
2019
31 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 26.1%
2024 · €42k
2018: €9k
2019: €21k
2020: €27k
2021: €36k
2022: €33k
2023: €33k
2024: €42k
2018 → 2025
Total assets
€92k▲ 27.4%
2024 · €72k
2018: €61k
2019: €71k
2020: €59k
2021: €58k
2022: €55k
2023: €57k
2024: €72k
2018 → 2025
Net result
€11k▲ 22.0%
2024 · €9k
2018: €15k
2019: €12k
2020: €5k
2021: €10k
2022: €-4k
2023: €675
2024: €9k
2018 → 2025
Working capital
€51k▲ 37.4%
2024 · €37k
2018: €-29k
2019: €-13k
2020: €-3k
2021: €13k
2022: €15k
2023: €26k
2024: €37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€33k▼ 10.7%€33k▲ 2.1%€42k▲ 27.3%€53k▲ 26.1%
Operating result€3k-€-3k€2k€14k▲ 706%€17k▲ 20.6%
Net result€10k-€-4k€675€9k▲ 1,242%€11k▲ 22.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92k
Fixed assets
€5k▼ 29.6%
Current assets
€87k▲ 34.0%
Equity and liabilities €92k
Equity
€53k▲ 26.1%
Debt
€39k▲ 29.2%
The debt ratio rises from 41.4% to 42.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €20k
Cash flow
€13k▼
2024 · €15k
Solvency
58.0%▼
2024 · 58.6%
Current ratio
2.40▲
2024 · 2.33
Quick ratio
2.27▲
2024 · 2.21
Debt / equity
0.72▲
2024 · 0.71
ROE
20.7%▼
2024 · 21.4%
ROA
12.0%▼
2024 · 12.6%
Interest coverage
38.17▼
2024 · 39.45
Debt
€39k▲
2024 · €30k
Debt ≤ 1 year
€36k▲
2024 · €28k
Income taxes
€5k▲
2024 · €4k
Staff costs
€43k▲
2024 · €41k
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€72k€92k▲
Fixed assets21/28€8k€5k▼
Intangible fixed assets21€500€0▼
Tangible fixed assets22/27€3k€908▼
Plant, machinery and equipment23€1k€492▼
Furniture and vehicles24€1k€416▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€4k€4k=
Current assets29/58€65k€87k▲
Stocks and contracts in progress3€3k€5k▲
Stocks30/36€3k€5k▲
Amounts receivable within one year40/41€7k€13k▲
Trade receivables40€5k€10k▲
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€54k€69k▲
Deferred charges and accrued income490/1€403€161▼
Equity and liabilities
Total equity and liabilities10/49€72k€92k▲
Equity10/15€42k€53k▲
Contributions10/11€12k€12k=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Profit (loss) carried forward14€22k€33k▲
Amounts payable17/49€30k€39k▲
Amounts payable within one year42/48€28k€36k▲
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€14k€8k▼
Taxes450/3€11k€5k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€9k€13k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€41k€43k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€64k€65k▲
Operating profit (loss)9901€14k€17k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€506€497▼
Recurring financial charges65€506€497▼
Profit (loss) for the period before taxes9903€13k€16k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€9k€11k▲
Profit (loss) for the period to be appropriated9905€9k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€33k▲
Profit (loss) brought forward from the previous period14P€13k€22k▲
The notes to these accounts (9 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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €675
Net result €675 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-4k ▼140%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 178 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wemmel · 1 establishment unit since 2015
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.
Steenweg op Merchtem 851780 WemmelGround area
349 m²
Building footprint
195 m²
Volume, LiDAR
2,254 m³
Parcel 22005A0550/00X000, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Glazenhuis
since 20152.241.189.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0550/00X000 | Flanders | 349 m² | 1 · 195 m² | 17.8 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWemmel2.241.189.750
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,047 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2015
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.