FRESH START

Active

Private limited company (pre-2019)founded 1992active for 34 yearsPredikherenlei 2, 9000 Gent, BelgiumKBO/BCE: BE 0448.042.703

Summary

The computed 12-month bankruptcy probability of FRESH START is 13.8% (high). For FRESH START, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€50,942) and a net result of -€3,472. Equity is shrinking by about 19% per year across the filed financial years. The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.

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FRESH STARTActive

Risk analysis Report Compare

Activity

Activity not known

Size

€27,777total assets 2023

Equity: -€50,942
Loss: -€3,472

Turnover not published (abbreviated or micro format)

Financial health

Bankruptcy probabilitywithin 12 months: 13.8%

2023 figures too old to score

Structure

Parent: GREEN HOMES · 78.6%

Accounts 473 days overdue0 of 5 deeds read

Signalsraises riskFigures for financial year 2023 (filed 26-05-2025)2 financial years not filed after the legal deadline; latest accounts 327 days late; 1 of the last 3 lateNo registered site in the KBOTwo or more financial years not filedFiled more than 90 days latelowers riskFounded in 1992Show the evidence

Bankruptcy probability

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: High

Filing: At least two filing cycles are missing

Financial strength, FY 2023 · tick = 2022

Weak

Solvency 0=

equity -183.4% of total assets

Liquidity 50=

short-term debt 283.4% · cash 97.4%

Profitability 6-12

return on assets -12.5%

Bankruptcy probability, 12 months

13.8% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 3.7%lowest value 12-2024: 5.3%▲ +1.6 percentage points vs 11-2024 01-2025: 5.3%● unchanged vs 12-2024 02-2025: 5.3%● unchanged vs 01-2025 03-2025: 5.1%▼ -0.2 percentage points vs 02-2025 04-2025: 5.1%● unchanged vs 03-2025 05-2025: 5.1%● unchanged vs 04-2025 06-2025: 4.3%▼ -0.8 percentage points vs 05-2025 07-2025: 5.3%▲ +1.0 percentage point vs 06-2025 08-2025: 5.6%▲ +0.3 percentage points vs 07-2025 09-2025: 6.3%▲ +0.7 percentage points vs 08-2025 10-2025: 6.2%▼ -0.1 percentage points vs 09-2025 11-2025: 7.9%▲ +1.7 percentage points vs 10-2025 12-2025: 12.8%▲ +4.9 percentage points vs 11-2025 01-2026: 12.8%● unchanged vs 12-2025 02-2026: 13.4%▲ +0.6 percentage points vs 01-2026 03-2026: 12.9%▼ -0.5 percentage points vs 02-2026 04-2026: 12.9%● unchanged vs 03-2026 05-2026: 12.9%● unchanged vs 04-2026 06-2026: 12.9%● unchanged vs 05-2026 07-2026: 13.8%▲ +0.9 percentage points vs 06-2026highest value 08-2026: 13.8%● unchanged vs 07-2026highest value 09-2026: 13.8%● unchanged vs 08-2026highest value 10-2026: 13.8%● unchanged vs 09-2026highest value

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Signals

Six signals.

lowers riskraises risk

Figures for financial year 2023 (filed 26-05-2025)

NBB · annual accounts

2 financial years not filed after the legal deadline; latest accounts 327 days late; 1 of the last 3 late

NBB · filings

No registered site in the KBO

KBO · seat and establishments

Founded in 1992

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Two or more financial years not filed

Since the financial year that closed on 30-11-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

30-11-2024 year end30-06-2025 deadline16-10-2026 today

Filed more than 90 days late

The financial year that closed on 30-11-2023 was due by 30-06-2024 and was filed on 23-05-2025, 327 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

327 days late

2022

11 days late

2021

30 days early

2019

63 days early

2018

33 days early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 5 accounts on average 42 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage