FRESH CONNECTION HOLDING

Active

Private limited companyfounded 20197 yrs activeNoorderlaan 104, 2030 Antwerpen, BelgiumKBO/BCE: BE 0719.627.459

Summary

FRESH CONNECTION HOLDING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €90k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

Watch Print / PDF

Checked score

Score 2024

44 / 100

Weak

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

Axes · tick = 2023

Profitability77▼-23

Solvency27▲+8

Growth78=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity short (current ratio 0.28 against 1.23 in 2023; short-term debt: 94.4% and cash: 1.6% of total assets), and 98.1% 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

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

+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 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9038 sector peers (2024).

NBB · sector comparison

Position among 9038 sector peers

Solvency

better than 10%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2024

6 d early

2023

32 d early

2022

2 d early

2021

1 d early

2020

on the day

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, abbreviated schema

Equity

€26k

2023 · €-8k

2020: €-20k 2021: €-53k 2022: €-73k 2023: €-8k

2020 → 2024

Total assets

€1.38M▲ 889%

2023 · €140k

2020: €137k 2021: €83k 2022: €81k 2023: €140k

2020 → 2024

Net result

€90k▲ 39.0%

2023 · €65k

2020: €-27k 2021: €-33k 2022: €-20k 2023: €65k

2020 → 2024

Working capital

€-937k

2023 · €22k

2020: €27k 2021: €-3k 2022: €-20k 2023: €22k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-20k-€-53k▼ 160%€-73k▼ 38.0%€-8k▲ 88.8%€26k

Operating result€-26k-€-31k▼ 17.8%€-17k▲ 46.6%€68k€118k▲ 74.0%

Net result€-27k-€-33k▼ 22.8%€-20k▲ 38.2%€65k€90k▲ 39.0%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 74% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.38M

73.5%

26.5%

Fixed assets €1.01M ▲ 4,775%

Current assets €366k ▲ 208%

Equity and liabilities €1.38M

98.1%

Equity €26k

Debt €1.35M

Debt finances 98.1% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€124k▲

2023 · €72k

Cash flow

€96k▲

2023 · €69k

Current ratio

0.28▼

2023 · 1.23

Quick ratio

0.17▲

2023 · 0.17

Debt to equity

51.12▲

2023 · -18.13

ROE

340.4%

ROA

6.5%▼

2023 · 46.5%

Interest coverage

33.13▲

2023 · 23.87

Debt ≤ 1 year

€1.30M▲

2023 · €97k

Debt > 1 year

€51k=

2023 · €51k

Income taxes

€25k

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 · 2024 against 2023 · 50 lines

Balance sheet Code20232024

Assets

Total assets20/58€140k€1.38M▲

Fixed assets21/28€21k€1.01M▲

Tangible fixed assets22/27€21k€15k▼

Plant, machinery and equipment23€6k€4k▼

Furniture and vehicles24€15k€11k▼

Financial fixed assets28-€1.00M

Current assets29/58€119k€366k▲

Stocks and contracts in progress3€102k€143k▲

Stocks30/36€102k€143k▲

Amounts receivable within one year40/41€6k€201k▲

Trade receivables40€6k€184k▲

Other amounts receivable41€25€17k▲

Cash at bank and in hand54/58€11k€22k▲

Equity and liabilities

Total equity and liabilities10/49€140k€1.38M▲

Equity10/15€-8k€26k▲

Contributions10/11€6k€19k▲

Reserves13-€8k

Distributable reserves133-€8k

Profit (loss) carried forward14€-14k€0▲

Amounts payable17/49€148k€1.35M▲

Amounts payable after more than one year17€51k€51k=

Financial debts170/4€51k€51k=

Amounts payable within one year42/48€97k€1.30M▲

Current portion of amounts payable after more than one year42-€1.00M

Trade debts44€4k€77k▲

Suppliers440/4€4k€77k▲

Taxes, remuneration and social security45€2k€10k▲

Taxes450/3€2k€10k▲

Other amounts payable47/48€91k€216k▲

Accrued charges and deferred income492/3-€408

Income statement Code20232024

Non-recurring operating income76A€90k€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲

Other operating charges640/8€471€2k▲

Gross operating margin9900€72k€126k▲

Operating profit (loss)9901€68k€118k▲

Financial income75/76B€6€454▲

Recurring financial income75€6€454▲

Financial charges65/66B€3k€4k▲

Recurring financial charges65€3k€4k▲

Profit (loss) for the period before taxes9903€65k€115k▲

Income taxes67/77-€25k

Profit (loss) for the period9904€65k€90k▲

Profit (loss) for the period to be appropriated9905€65k€90k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-14k€76k▲

Profit (loss) brought forward from the previous period14P€-79k€-14k▲

Transfer to equity691/2-€17k

To other reserves6921-€17k

Profit to be distributed694/7-€59k

Return on contributions (dividend)694-€59k

Social balance

Average headcount (FTE)9087-0.0

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

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

25-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2020net €90k ▲39%

Operating result €118k, net result €90k, both a record.

29-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-09

Financial Back to profitnet €65k

Net result €65k after 3 loss-making years.

28-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

29-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

Financial Weakest financial yearnet €-33k

Net result drops to €-33k, the lowest in the series; recovery starts the following year.

30-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

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

Directors · office · real estate

Directors

5 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 2019

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.

Noorderlaan 1042030 Antwerpen

Ground area

1,452 m²

Building footprint

1,224 m²

Volume, LiDAR

7,242 m³

Parcel 11807G2179/00E003, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Fresh Connection Horses

Noorderlaan 104, 2030 AntwerpenRaising of horses and other equines

since 20192.287.651.760

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11807G2179/00E003	Flanders	1,452 m²	1 · 1,224 m²	7.0 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.

Similar companies · same sector, comparable size

Viehhandel NIESSEN

BE 0451.968.827

Sankt Vith · Eq €26,681

CAVEL INT.

BE 0773.577.077

Zele · Eq €28,273

Horse Auction Belgium 2.0

Pepingen · Eq €30,093

Of 946 companies in sector 46231 we hold annual accounts for 422. 213 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

Founded31-01-2019

Fiscal year end31-12

Activities, NACEBEL 2025

46231Wholesale of live animals

70100Activities of head offices

73120Media representation

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.