FREY WILLE Brussels
ActiveThe computed 12-month bankruptcy probability of FREY WILLE Brussels is 1.7% (moderate). The annual accounts of FREY WILLE Brussels for fiscal year 2025 show a net loss of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €5k and a net result of €-15k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 18% of 4149 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
26
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-1
Solvency32▼-29
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.68 against 0.67 in 2024; short-term debt: 92.8% and cash: 5% of total assets), and 92.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.2%
Return on assets
-20.3%
Age of the figures
20 mo
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-15k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4149 sector peers (2025).
NBB · sector comparisonPosition among 4149 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 08-08-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
23 d early
2024
37 d early
2023
on the day
2022
49 d early
2021
21 d early
2020
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-15k▼ 37.9%
2024 · €-11k
2019: €7k
2020: €-2k
2021: €4k
2022: €8k
2023: €10k
2024: €-11k
2019 → 2025
Working capital
€-22k▼ 84.6%
2024 · €-12k
2019: €206k
2020: €154k
2021: €149k
2022: €87k
2023: €2k
2024: €-12k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€21k▲ 65.0%€31k▲ 50.4%€20k▼ 34.9%€5k▼ 73.8%
Operating result€7k-€26k▲ 262%€181k▲ 608%€-4k€-9k▼ 118%
Net result€4k-€8k▲ 103%€10k▲ 27.9%€-11k€-15k▼ 37.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€27k▼ 15.5%
Current assets
€46k▲ 91.1%
Equity and liabilities €73k
Equity
€5k▼ 73.8%
Debt
€68k▲ 89.0%
The debt ratio rises from 64.1% to 92.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €503
Cash flow
€-10k▼
2024 · €-6k
Solvency
7.2%▼
2024 · 35.9%
Current ratio
0.68▲
2024 · 0.67
Quick ratio
0.68▲
2024 · 0.67
Debt / equity
12.87▲
2024 · 1.79
ROE
-281.4%▼
2024 · -53.5%
ROA
-20.3%▼
2024 · -19.2%
Interest coverage
-0.78▼
2024 · 0.08
Debt
€68k▲
2024 · €36k
Debt ≤ 1 year
€68k▲
2024 · €36k
Staff costs
€146k▲
2024 · €137k
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€56k€73k▲
Fixed assets21/28€32k€27k▼
Tangible fixed assets22/27€12k€8k▼
Plant, machinery and equipment23€12k€8k▼
Financial fixed assets28€19k€19k=
Current assets29/58€24k€46k▲
Amounts receivable within one year40/41€10k€42k▲
Trade receivables40€7k€24k▲
Other amounts receivable41€3k€18k▲
Cash at bank and in hand54/58€12k€4k▼
Deferred charges and accrued income490/1€2k€811▼
Equity and liabilities
Total equity and liabilities10/49€56k€73k▲
Equity10/15€20k€5k▼
Contributions10/11€12k€12k=
Reserves13€280€280=
Non-distributable reserves130/1€280€280=
Reserves not available under the articles1311€280€280=
Profit (loss) carried forward14€7k€-7k▼
Amounts payable17/49€36k€68k▲
Amounts payable within one year42/48€36k€68k▲
Trade debts44€12k€42k▲
Suppliers440/4€12k€42k▲
Taxes, remuneration and social security45€24k€25k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€19k€21k▲
Income statement
Code20242025
Remuneration, social security and pensions62€137k€146k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€4k€829▼
Non-recurring operating charges66A€0-
Gross operating margin9900€141k€143k▲
Operating profit (loss)9901€-4k€-9k▼
Financial income75/76B€0€79▲
Recurring financial income75€0€79▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€-11k€-15k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-11k€-15k▼
Profit (loss) for the period to be appropriated9905€-11k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-7k▼
Profit (loss) brought forward from the previous period14P€18k€7k▼
Social balance
Average headcount (FTE)90872.42.5▲
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
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-01
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-01
Financial
Highest result since 2019net €10k ▲27.9%
Operating result €181k, net result €10k, both a record.
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-01
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 32 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 12 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 11 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
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, Brussel · 1 establishment unit since 2005
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.
Grote Zavel 451000 BrusselGround area
66 m²
Building footprint
54 m²
Volume, LiDAR
770 m³
Parcel 21808H1520/00C000, Brussels · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FREY WILLE BRUSSELS
since 20052.146.944.649
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1520/00C000 | Brussels | 66 m² | 1 · 54 m² | 15.8 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 2,017 companies in sector 47770 we hold annual accounts for 898. 257 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2005
Fiscal year end31-01
Activities, NACEBEL
47770Retail sale of watches and jewellery
52484
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.