FRESHNESS

Active

Private limited companyfounded 20205 yrs activePrinsenmolenstraat 17A, 9890 Gavere, BelgiumKBO/BCE: BE 0759.436.952

The computed 12-month bankruptcy probability of FRESHNESS is 2.1% (moderate). The 2024 annual accounts show equity of €217k and a net result of €24k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 9039 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

56 / 100

Fair

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

Axes · tick = 2023

Profitability44▲+5

Solvency52▲+5

Growth52=

Track record94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 2.04 against 1.76 in 2023; short-term debt: 44.6% and cash: 33.3% of total assets), but 72.6% 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

Five 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

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

42 d early

2023

50 d early

2022

59 d early

2021

51 d early

← before the deadline after the deadline →

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

€217k▲ 12.3%

2023 · €193k

2021: €132k 2022: €174k 2023: €193k

2021 → 2024

Total assets

€793k▼ 11.1%

2023 · €891k

2021: €642k 2022: €1.06M 2023: €891k

2021 → 2024

Net result

€24k▲ 21.6%

2023 · €20k

2021: €127k 2022: €42k 2023: €20k

2021 → 2024

Working capital

€367k▲ 6.5%

2023 · €345k

2021: €74k 2022: €325k 2023: €345k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€132k-€174k▲ 32.1%€193k▲ 11.3%€217k▲ 12.3%

Operating result€184k-€86k▼ 53.5%€83k▼ 3.2%€71k▼ 14.2%

Net result€127k-€42k▼ 66.6%€20k▼ 53.7%€24k▲ 21.6%

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

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 14% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €793k

90.9%

Fixed assets €72k▼ 24.4%

Current assets €720k▼ 9.5%

Equity and liabilities €793k

27.4%

72.6%

Equity €217k▲ 12.3%

Debt €575k▼ 17.5%

The debt ratio falls from 78.3% to 72.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€105k▼

2023 · €119k

Cash flow

€57k▲

2023 · €56k

Solvency

27.4%▲

2023 · 21.7%

Current ratio

2.04▲

2023 · 1.76

Quick ratio

1.06▲

2023 · 0.54

Debt / equity

2.65▼

2023 · 3.61

ROE

11.0%▲

2023 · 10.1%

ROA

3.0%▲

2023 · 2.2%

Interest coverage

2.62▲

2023 · 2.07

Debt

€575k▼

2023 · €698k

Debt ≤ 1 year

€353k▼

2023 · €451k

Debt > 1 year

€222k▼

2023 · €247k

Income taxes

€7k▲

2023 · €6k

Staff costs

€45k▼

2023 · €71k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€891k€793k▼

Fixed assets21/28€96k€72k▼

Intangible fixed assets21€5k€3k▼

Tangible fixed assets22/27€90k€69k▼

Land and buildings22€1k€1k▼

Plant, machinery and equipment23€15k€20k▲

Furniture and vehicles24€7k€3k▼

Leasing and similar rights25€67k€45k▼

Current assets29/58€795k€720k▼

Stocks and contracts in progress3€552k€346k▼

Stocks30/36€552k€346k▼

Amounts receivable within one year40/41€178k€110k▼

Trade receivables40€3k-

Other amounts receivable41€175k€110k▼

Cash at bank and in hand54/58€66k€264k▲

Equity and liabilities

Total equity and liabilities10/49€891k€793k▼

Equity10/15€193k€217k▲

Contributions10/11€5k€5k=

Reserves13€188k€212k▲

Distributable reserves133€188k€212k▲

Amounts payable17/49€698k€575k▼

Amounts payable after more than one year17€247k€222k▼

Financial debts170/4€247k€222k▼

Amounts payable within one year42/48€451k€353k▼

Current portion of amounts payable after more than one year42€15k€25k▲

Financial debts43€401k€210k▼

Credit institutions430/8€401k€210k▼

Trade debts44€7k€103k▲

Suppliers440/4€7k€103k▲

Taxes, remuneration and social security45€18k€9k▼

Taxes450/3€6k€1k▼

Remuneration and social security454/9€12k€8k▼

Other amounts payable47/48€11k€6k▼

Income statement Code20232024

Remuneration, social security and pensions62€71k€45k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€33k▼

Other operating charges640/8€921€1k▲

Gross operating margin9900€191k€151k▼

Operating profit (loss)9901€83k€71k▼

Financial income75/76B€153€68▼

Recurring financial income75€153€68▼

Financial charges65/66B€58k€40k▼

Recurring financial charges65€58k€40k▼

Profit (loss) for the period before taxes9903€25k€31k▲

Income taxes67/77€6k€7k▲

Profit (loss) for the period9904€20k€24k▲

Profit (loss) for the period to be appropriated9905€20k€24k▲

Appropriation of the result

Profit (loss) to be appropriated9906€20k€24k▲

Transfer to equity691/2€20k€24k▲

To other reserves6921€20k€24k▲

Social balance

Average headcount (FTE)90872.01.7▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €200kEq €217k ▲12.3%

4 profitable years in a row build equity to €217k.

11-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €20k ▼53.7%

Net result drops to €20k, the lowest in the series; recovery starts the following year.

02-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Equity above €150kEq €174k ▲32.1%

2 profitable years in a row build equity to €174k.

10-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

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, Gavere · 2 establishment units since 2020

establishment All 2 establishment units 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.

Prinsenmolenstraat 17A9890 Gavere

Ground area

7,902 m²

Building footprint

2,196 m²

Volume, LiDAR

3,022 m³

2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

FRESHNESS

Prinsenmolenstraat 17A, 9890 GavereAgents in the wholesale of textiles, clothing, fur, footwear and leather goods

since 20202.310.478.137

FRESHNESS

Gontrode Heirweg 298, 9090 Merelbeke-MelleAgents in the wholesale of textiles, clothing, fur, footwear and leather goods

since 20242.363.087.670

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44040C0386/00S000	Flanders	7,728 m²	1 · 2,014 m²	10.2 m
44005A0711/00S000 ProtectedTownscape or village viewDorpskom BaaigemSource ↗	Flanders	174 m²	1 · 182 m²	8.0 m · 2 fl.