FRENDZ
ActiveSummary
FRENDZ has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €279,791 and a net result of -€82,993. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-45
Solvency100▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 5.6 against 2.69 in 2024; short-term debt: 15.9% and cash: 13.2% of total assets), and 15.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
48 d early
2024
79 d early
2023
62 d early
2022
72 d early
2021
75 d early
2020
67 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 66 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 17 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€279,791▼ 22.9%
2024 · €362,784
Total assets
€332,582▼ 38.9%
2024 · €544,158
Net result
-€82,993
2024 · €9,490
Working capital
€242,789▼ 20.9%
2024 · €306,760
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€77,675▼ 41.4%€140,000▲ 80.2%€250,049▲ 78.6%€23,692▼ 90.5%-€76,720
Net result€48,867within the sector's middle half▼ 47.7%€97,693within the sector's middle half▲ 99.9%€172,089above the sector's middle half▲ 76.2%€9,490within the sector's middle half▼ 94.5%-€82,993below the sector's middle half
Equity€171,111within the sector's middle half▲ 40.0%€268,805within the sector's middle half▲ 57.1%€353,294within the sector's middle half▲ 31.4%€362,784within the sector's middle half▲ 2.7%€279,791within the sector's middle half▼ 22.9%
Total assets€331,783below the sector's middle half▼ 24.7%€376,085below the sector's middle half▲ 13.4%€475,594below the sector's middle half▲ 26.5%€544,158within the sector's middle half▲ 14.4%€332,582below the sector's middle half▼ 38.9%
Debt€160,671▼ 49.5%€107,280▼ 33.2%€122,300▲ 14.0%€181,375▲ 48.3%€52,791▼ 70.9%
Working capital€147,516within the sector's middle half▲ 20.7%€248,568within the sector's middle half▲ 68.5%€335,558within the sector's middle half▲ 35.0%€306,760within the sector's middle half▼ 8.6%€242,789within the sector's middle half▼ 20.9%
Solvency51.6%within the sector's middle half▲ 23.8pp71.5%above the sector's middle half▲ 19.9pp74.3%above the sector's middle half▲ 2.8pp66.7%above the sector's middle half▼ 7.6pp84.1%above the sector's middle half▲ 17.5pp
Current ratio1.92within the sector's middle half▲ 0.533.32above the sector's middle half▲ 1.403.74above the sector's middle half▲ 0.432.69within the sector's middle half▼ 1.055.60above the sector's middle half▲ 2.91
Return on assets (ROA)14.7%above the sector's middle half▼ 6.5pp26.0%above the sector's middle half▲ 11.2pp36.2%above the sector's middle half▲ 10.2pp1.7%within the sector's middle half▼ 34.4pp-25.0%below the sector's middle half▼ 26.7pp
Staff (FTE)2within the sector's middle half=2within the sector's middle half=1.7within the sector's middle half▼ 15.0%1.8within the sector's middle half▲ 5.9%1.4below the sector's middle half▼ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €76,720 after €23,692 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €332,582
Fixed assets
€37,002 ▼ 34.0%
Current assets
€295,580 ▼ 39.4%
Equity and liabilities €332,582
Equity
€279,791 ▼ 22.9%
Debt
€52,791 ▼ 70.9%
Debt's share of the balance-sheet total falls from 33.3% to 15.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€57,699▼
2024 · €31,194
Cash flow
-€63,971▼
2024 · €16,992
Quick ratio
2.93▲
2024 · 1.88
Debt to equity
0.19▼
2024 · 0.50
ROE
-29.7%▼
2024 · 2.6%
Interest coverage
-8.38▼
2024 · 2.89
Debt ≤ 1 year
€52,791▼
2024 · €181,375
Income taxes
€8▼
2024 · €3,730
Staff costs
€120,756▲
2024 · €105,182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €109,533 | €118,038 | €105,182 | €120,756 | ▲ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,150 | €3,359 | €3,698 | €7,502 | €19,022 | ▲ 154% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,035 | - |
| Other operating charges640/8 | - | €327 | €841 | €730 | €745 | ▲ 2.0% |
| Gross operating margin9900 | €181,709 | €253,219 | €372,626 | €137,106 | €67,837 | ▼ 50.5% |
| Operating profit (loss)9901 | €77,675 | €140,000 | €250,049 | €23,692 | -€76,720 | ▼ 424% |
| Financial income75/76B | - | €36 | €392 | €318 | €625 | ▲ 96.7% |
| Recurring financial income75 | €81 | €36 | €392 | €318 | €625 | ▲ 96.7% |
| Financial charges65/66B | - | €14,355 | €15,813 | €10,790 | €6,889 | ▼ 36.1% |
| Recurring financial charges65 | €16,595 | €14,355 | €15,813 | €10,790 | €6,889 | ▼ 36.1% |
| Profit (loss) for the period before taxes9903 | €61,161 | €125,681 | €234,629 | €13,220 | -€82,985 | ▼ 728% |
| Income taxes67/77 | €12,294 | €27,988 | €62,540 | €3,730 | €8 | ▼ 99.8% |
| Profit (loss) for the period9904 | €48,867 | €97,693 | €172,089 | €9,490 | -€82,993 | ▼ 975% |
| Profit (loss) for the period to be appropriated9905 | €48,867 | €97,693 | €172,089 | €9,490 | -€82,993 | ▼ 975% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €331,783 | €376,085 | €475,594 | €544,158 | €332,582 | ▼ 38.9% |
| Fixed assets21/28 | €23,596 | €20,237 | €17,736 | €56,024 | €37,002 | ▼ 34.0% |
| Intangible fixed assets21 | - | - | - | €42,046 | €26,783 | ▼ 36.3% |
| Tangible fixed assets22/27 | €15,646 | €12,287 | €9,786 | €6,028 | €2,269 | ▼ 62.3% |
| Furniture and vehicles24 | - | - | €859 | €459 | €60 | ▼ 86.9% |
| Other tangible fixed assets26 | - | €12,287 | €8,928 | €5,568 | €2,209 | ▼ 60.3% |
| Financial fixed assets28 | €7,950 | €7,950 | €7,950 | €7,950 | €7,950 | = |
| Current assets29/58 | €308,187 | €355,848 | €457,858 | €488,135 | €295,580 | ▼ 39.4% |
| Stocks and contracts in progress3 | €52,138 | €61,259 | €57,076 | €146,951 | €140,794 | ▼ 4.2% |
| Stocks30/36 | - | €61,259 | €57,076 | €146,951 | €140,794 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €189,267 | €262,782 | €328,436 | €296,608 | €110,531 | ▼ 62.7% |
| Trade receivables40 | - | €262,566 | €321,800 | €290,954 | €110,531 | ▼ 62.0% |
| Other amounts receivable41 | - | €216 | €6,635 | €5,654 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €66,435 | €28,689 | €64,298 | €44,182 | €43,882 | ▼ 0.7% |
| Deferred charges and accrued income490/1 | - | €3,119 | €8,048 | €393 | €373 | ▼ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €331,783 | €376,085 | €475,594 | €544,158 | €332,582 | ▼ 38.9% |
| Equity10/15 | €171,111 | €268,805 | €353,294 | €362,784 | €279,791 | ▼ 22.9% |
| Contributions10/11 | - | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,150 | €1,150 | €1,150 | €1,150 | €1,150 | = |
| Non-distributable reserves130/1 | - | €1,150 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,150 | - | - | - | - |
| Distributable reserves133 | - | - | €1,150 | €1,150 | €1,150 | = |
| Profit (loss) carried forward14 | €163,761 | €261,455 | €333,544 | €343,034 | €260,041 | ▼ 24.2% |
| Amounts payable17/49 | €160,671 | €107,280 | €122,300 | €181,375 | €52,791 | ▼ 70.9% |
| Amounts payable within one year42/48 | €160,671 | €107,280 | €122,300 | €181,375 | €52,791 | ▼ 70.9% |
| Financial debts43 | - | - | - | - | €1,606 | - |
| Credit institutions430/8 | - | - | - | - | €1,606 | - |
| Trade debts44 | €96,895 | €76,891 | €62,046 | €141,000 | €29,619 | ▼ 79.0% |
| Suppliers440/4 | - | €76,891 | €62,046 | €141,000 | €29,619 | ▼ 79.0% |
| Advances received on contracts in progress46 | - | €9,365 | €15,908 | €18,500 | €1,927 | ▼ 89.6% |
| Taxes, remuneration and social security45 | - | €21,024 | €44,346 | €21,874 | €19,639 | ▼ 10.2% |
| Taxes450/3 | - | €3,100 | €25,000 | €3,650 | €29 | ▼ 99.2% |
| Remuneration and social security454/9 | - | €17,924 | €19,346 | €18,224 | €19,610 | ▲ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,867 | €97,693 | €172,089 | €9,490 | -€82,993 | ▼ 975% |
| + Depreciation and write-downs630 | €1,150 | €3,359 | €3,698 | €7,502 | €19,022 | ▲ 154% |
| Operating cash flow (approximation) | €50,017 | €101,053 | €175,787 | €16,992 | -€63,971 | ▼ 476% |
| Investment in fixed assets (approximation) | - | €0 | -€1,198 | -€45,790 | €0 | ▲ 100% |
| Change in cash | - | -€37,746 | €35,609 | -€20,116 | -€300 | ▲ 98.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet -€82,993
Net result drops to -€82,993, the lowest in the series.
30-09
Financial
Liquidity doublescurrent ratio 5.60
Current ratio from 2.69 to 5.60; short-term debt falls from €181,375 to €52,791.
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2019net €172,089 ▲76.2%
Operating result €250,049, net result €172,089, both a record.
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €200,000Eq €268,805 ▲57.1%
4 profitable years in a row build equity to €268,805.
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €150,000Eq €171,111 ▲40%
3 profitable years in a row build equity to €171,111.
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €100,000Eq €122,244 ▲325%
2 profitable years in a row build equity to €122,244.
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Antwerpen · 1 establishment unit since 2018
Ground area
338 m²
Building footprint
211 m²
Volume, LiDAR
2,739 m³
Parcel 11804D0824/00D000, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
FRENDZ
since 20182.277.344.026
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0824/00D000 | Flanders | 338 m² | 1 · 211 m² | 18.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
2023 to 2025 · 2 entries · 17,265 EUR awarded · 17,265 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 315 EUR | 315 EUR |
| 2023 | 1 | 16,950 EUR | 16,950 EUR |
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,674 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-06-2018
Fiscal year end30-09
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698957749
Also
9925:BE0698957749
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.