FREYARVOR
ActiveSummary
The computed 12-month bankruptcy probability of FREYARVOR is 3.6% (moderate). The 2025 annual accounts show negative equity (€-82k) and a net result of €-164k. Equity is shrinking by ~221.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 4178 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-5
Solvency23▼-2
Growth58=
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 0.84 in 2024; short-term debt: 53.4% and cash: 11% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · 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
-1.9%
Return on assets
-3.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-82k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
118 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-164k▼ 9,343%
2024 · €-2k
Working capital
€-769k▼ 28.8%
2024 · €-597k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€-148k-€163k€77k▼ 52.6%
Net result€-189k-€-2k▲ 99.1%€-164k▼ 9,343%
Equity€24k-€22k▼ 7.3%€-82k
Total assets€3.66M-€6.24M▲ 70.3%€4.32M▼ 30.7%
Debt€3.64M-€6.22M▲ 70.8%€4.40M▼ 29.2%
Working capital€-209k-€-597k▼ 186%€-769k▼ 28.8%
Staff (FTE)22.1-21.9▼ 0.9%25.6▲ 16.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.29M
Fixed assets
€2.75M ▼ 7.8%
Current assets
€1.54M ▼ 52.4%
Key figures and ratios
EBITDA
€431k▲
2024 · €361k
Cash flow
€190k▼
2024 · €196k
Solvency
-1.9%▼
2024 · 0.4%
Current ratio
0.67▼
2024 · 0.84
Quick ratio
0.37▼
2024 · 0.72
Debt to equity
-54.02
ROA
-3.8%▼
2024 · 0.0%
Interest coverage
2.13▼
2024 · 2.25
Debt ≤ 1 year
€2.31M▼
2024 · €3.83M
Debt > 1 year
€2.07M▼
2024 · €2.37M
Income taxes
€727▲
2024 · €473
Staff costs
€1.02M▼
2024 · €1.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €386k | €213k | €341k | ▲ 60.2% |
| Remuneration, social security and pensions62 | €583k | €1.05M | €1.02M | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €198k | €354k | ▲ 78.7% |
| Other operating charges640/8 | €11k | €81k | €81k | ▲ 0.1% |
| Non-recurring operating charges66A | €200 | €320 | €2k | ▲ 623% |
| Gross operating margin9900 | €496k | €1.50M | €1.54M | ▲ 2.8% |
| Operating profit (loss)9901 | €-148k | €163k | €77k | ▼ 52.6% |
| Financial income75/76B | €47 | €333 | €2k | ▲ 355% |
| Recurring financial income75 | €47 | €333 | €2k | ▲ 355% |
| Financial charges65/66B | €41k | €165k | €242k | ▲ 46.7% |
| Recurring financial charges65 | €41k | €161k | €203k | ▲ 26.2% |
| Non-recurring financial charges66B | - | €4k | €39k | ▲ 810% |
| Profit (loss) for the period before taxes9903 | €-189k | €-1k | €-163k | ▼ 12,828% |
| Income taxes67/77 | €205 | €473 | €727 | ▲ 53.8% |
| Profit (loss) for the period9904 | €-189k | €-2k | €-164k | ▼ 9,343% |
| Profit (loss) for the period to be appropriated9905 | €-189k | €-2k | €-164k | ▼ 9,343% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €3.66M | €6.24M | €4.32M | ▼ 30.7% |
| Formation expenses20 | - | €23k | €34k | ▲ 46.6% |
| Fixed assets21/28 | €1.13M | €2.98M | €2.75M | ▼ 7.8% |
| Intangible fixed assets21 | €989k | €885k | €782k | ▼ 11.7% |
| Tangible fixed assets22/27 | €132k | €2.09M | €1.96M | ▼ 6.2% |
| Land and buildings22 | - | €431k | €457k | ▲ 6.2% |
| Plant, machinery and equipment23 | €118k | €1.55M | €1.40M | ▼ 9.6% |
| Furniture and vehicles24 | €15k | €112k | €105k | ▼ 6.4% |
| Financial fixed assets28 | €9k | €2k | €3k | ▲ 98.3% |
| Current assets29/58 | €2.53M | €3.24M | €1.54M | ▼ 52.4% |
| Stocks and contracts in progress3 | €524k | €469k | €679k | ▲ 44.8% |
| Stocks30/36 | €524k | €469k | €679k | ▲ 44.8% |
| Amounts receivable within one year40/41 | €881k | €1.37M | €357k | ▼ 73.8% |
| Trade receivables40 | €872k | €1.20M | €325k | ▼ 72.9% |
| Other amounts receivable41 | €9k | €166k | €32k | ▼ 80.8% |
| Cash at bank and in hand54/58 | €1.12M | €1.39M | €474k | ▼ 65.8% |
| Deferred charges and accrued income490/1 | €6k | €14k | €28k | ▲ 106% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €3.66M | €6.24M | €4.32M | ▼ 30.7% |
| Equity10/15 | €24k | €22k | €-82k | ▼ 470% |
| Contributions10/11 | €213k | €213k | €273k | ▲ 28.2% |
| Capital10 | €213k | €213k | €273k | ▲ 28.2% |
| Issued capital100 | €378k | €378k | €378k | = |
| Uncalled capital101 | €165k | €165k | €105k | ▼ 36.4% |
| Profit (loss) carried forward14 | €-189k | €-191k | €-354k | ▼ 85.8% |
| Amounts payable17/49 | €3.64M | €6.22M | €4.40M | ▼ 29.2% |
| Amounts payable after more than one year17 | €897k | €2.37M | €2.07M | ▼ 12.9% |
| Financial debts170/4 | €897k | €2.37M | €2.06M | ▼ 12.9% |
| Other amounts payable178/9 | - | €4k | €4k | = |
| Amounts payable within one year42/48 | €2.74M | €3.83M | €2.31M | ▼ 39.8% |
| Current portion of amounts payable after more than one year42 | €588k | €1.17M | €874k | ▼ 25.2% |
| Trade debts44 | €2.04M | €2.39M | €1.24M | ▼ 48.1% |
| Suppliers440/4 | €2.04M | €2.13M | €1.15M | ▼ 45.8% |
| Bills of exchange payable441 | - | €264k | €88k | ▼ 66.7% |
| Advances received on contracts in progress46 | - | €546 | - | - |
| Taxes, remuneration and social security45 | €111k | €207k | €189k | ▼ 8.5% |
| Taxes450/3 | €205 | €33k | €25k | ▼ 24.3% |
| Remuneration and social security454/9 | €111k | €174k | €164k | ▼ 5.5% |
| Other amounts payable47/48 | €8k | €61k | €2k | ▼ 97.4% |
| Accrued charges and deferred income492/3 | - | €9k | €27k | ▲ 191% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-189k | €-2k | €-164k | ▼ 9,343% |
| + Depreciation and write-downs630 | €51k | €198k | €354k | ▲ 78.7% |
| Operating cash flow (approximation) | €-138k | €196k | €190k | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | €-2.05M | €-123k | ▲ 94.0% |
| Change in cash | - | €264k | €-913k | ▼ 446% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 118 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Vorst · 1 establishment unit since 2023
Ground area
1,076 m²
Building footprint
338 m²
Volume, LiDAR
7,221 m³
Parcel 21383B0039/00H003, Brussels · tallest building 23.7 m, ±7 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
FREYARVOR
since 20232.345.873.932
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0039/00H003 | Brussels | 1,076 m² | 1 · 338 m² | 23.7 m · 7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.345.873.932
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,848. 4,216 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
10850Manufacture of food products
Scores and ratios are computed by Checked and are not a credit decision.