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Frianda

Active
Public limited companyfounded 1970active for 56 yearsBoulevard Frère-Orban 19, 4000 Liège, Belgium12 active companies are registered at this addressKBO/BCE: BE 0406.954.590

From the official registers: KBO 49 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Frianda has been active since 1970 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €205,590. Equity is growing by about 15% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

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Financial year ended
31-12-2025
Filed on
06-05-2026
Format
micro format
Reference
2026-00104000
Turnover
≈ €900,000
Estimated: probably between €630,000 and €1.3m
Total assets
€2.1m▲ 20.8%
2024 · €1.7m
Net result
€205,590▼ 8.1%
2024 · €223,667
Working capital
-€270,230▼ 503%
2024 · -€44,820
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 8% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.3m 2025 Net result€0.2m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.4m▲ 19.2%€0.3m▼ 12.8%€0.4m▲ 11.9%€0.3m▼ 12.6%€0.3m▲ 1.0%€0.3m▲ 8.7%€0.3m▼ 7.7%
Net result€0.2m-€0.2m▲ 13.6%€0.2m▼ 6.5%€0.2m▲ 14.0%€0.2m▼ 13.8%€0.2m▲ 0.7%€0.2m▲ 8.2%€0.2m▼ 8.1%
Equity€0.5m-€0.6m▲ 14.4%€0.7m▲ 13.7%€0.9m▲ 31.6%€1.0m▲ 15.3%€1.2m▲ 17.6%€1.4m▲ 16.4%€1.4m▲ 4.8%
Total assets€1.5m-€1.4m▼ 2.5%€1.4m▼ 5.4%€1.5m▲ 7.3%€1.5m▲ 4.1%€1.6m▲ 3.8%€1.7m▲ 11.2%€2.1m▲ 20.8%
Debt€1.0m-€0.9m▼ 11.4%€0.7m▼ 18.5%€0.6m▼ 15.9%€0.5m▼ 12.6%€0.4m▼ 23.4%€0.4m▼ 4.3%€0.7m▲ 79.7%
Working capital-€0.8m--€0.7m▲ 13.2%-€0.6m▲ 11.1%-€0.5m▲ 28.7%-€0.4m▲ 14.3%-€0.2m▲ 36.5%-€0.04m▲ 82.0%-€0.3m▼ 503%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets €1.8m ▲ 19.6%
Current assets €332,290 ▲ 27.8%
Equity and liabilities €2.1m
Equity €1.4m ▲ 4.8%
Debt €673,449 ▲ 79.7%
Debt's share of the balance-sheet total rises from 21.4% to 31.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€393,188▼
2024 · €400,224
Cash flow
€286,544▲
2024 · €285,525
Current ratio
0.55▼
2024 · 0.85
Debt to equity
0.47▲
2024 · 0.27
ROE
14.3%▼
2024 · 16.3%
ROA
9.7%▼
2024 · 12.8%
Interest coverage
46.68▲
2024 · 44.62
Debt ≤ 1 year
€602,520▲
2024 · €304,802
Debt > 1 year
€4,090=
2024 · €4,090
Income taxes
€98,251▼
2024 · €106,562
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 06-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1.7m€2.1m▲
Fixed assets21/28€1.5m€1.8m▲
Tangible fixed assets22/27€1.5m€1.8m▲
Land and buildings22€1.5m€1.8m▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0.01m€0.003m▼
Financial fixed assets28€302€302=
Current assets29/58€0.3m€0.3m▲
Amounts receivable within one year40/41€0.002m€0.02m▲
Trade receivables40-€0.02m
Other amounts receivable41€0.002m€0.003m▲
Cash at bank and in hand54/58€0.2m€0.3m▲
Deferred charges and accrued income490/1€0.02m€0.03m▲
Equity and liabilities
Total equity and liabilities10/49€1.7m€2.1m▲
Equity10/15€1.4m€1.4m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Contributions outside capital11€0.002m€0.002m=
Share premium1100/10€0.002m€0.002m=
Reserves13€1.3m€1.4m▲
Non-distributable reserves130/1€0.03m€0.03m=
Legal reserve130€0.03m€0.03m=
Tax-exempt reserves132€464€464=
Distributable reserves133€1.3m€1.3m▲
Profit (loss) carried forward14€0.008m€0.008m▲
Amounts payable17/49€0.4m€0.7m▲
Amounts payable after more than one year17€0.004m€0.004m=
Other amounts payable178/9€0.004m€0.004m=
Amounts payable within one year42/48€0.3m€0.6m▲
Current portion of amounts payable after more than one year42€0.1m€0.08m▼
Trade debts44€0.004m€0.01m▲
Suppliers440/4€0.004m€0.01m▲
Other amounts payable47/48€0.2m€0.5m▲
Accrued charges and deferred income492/3€0.07m€0.07m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.08m▲
Other operating charges640/8€0.05m€0.06m▲
Gross operating margin9900€0.5m€0.4m▼
Operating profit (loss)9901€0.3m€0.3m▼
Financial income75/76B€0.001m€30▼
Recurring financial income75€0.001m€30▼
Financial charges65/66B€0.009m€0.008m▼
Recurring financial charges65€0.009m€0.008m▼
Profit (loss) for the period before taxes9903€0.3m€0.3m▼
Income taxes67/77€0.1m€0.1m▼
Profit (loss) for the period9904€0.2m€0.2m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.2m▼
Profit (loss) brought forward from the previous period14P€0.008m€0.008m▲
Transfer from equity791/2€0.03m€0.1m▲
Transfer to equity691/2€0.2m€0.2m▼
To other reserves6921€0.2m€0.2m▼
Profit to be distributed694/7€0.03m€0.1m▲
Return on contributions (dividend)694€0.03m€0.1m▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,683€41,397€40,004€41,731€49,186€52,311€61,857€80,954▲ 30.9%
Other operating charges640/8---€44,624€50,927€55,150€53,534€55,566▲ 3.8%
Gross operating margin9900€390,957€443,979€396,512€439,198€408,493€418,772€453,757€448,753▼ 1.1%
Operating profit (loss)9901€303,222€361,421€315,217€352,842€308,380€311,311€338,366€312,234▼ 7.7%
Financial income75/76B---€70€0-€834€30▼ 96.4%
Recurring financial income75€6€0€0€70€0-€834€30▼ 96.4%
Financial charges65/66B---€2,101€5,337€5,985€8,970€8,423▼ 6.1%
Recurring financial charges65€16,165€15,138€8,489€2,101€5,337€5,985€8,970€8,423▼ 6.1%
Profit (loss) for the period before taxes9903€287,063€346,283€306,727€350,811€303,042€305,326€330,230€303,841▼ 8.0%
Income taxes67/77€90,889€123,435€97,818€112,598€97,701€98,541€106,562€98,251▼ 7.8%
Profit (loss) for the period9904€196,751€223,426€208,910€238,214€205,341€206,785€223,667€205,590▼ 8.1%
Profit (loss) for the period to be appropriated9905€197,873€224,548€208,910€238,214€205,341€206,785€223,667€205,590▼ 8.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.5m€1.4m€1.4m€1.5m€1.5m€1.6m€1.7m€2.1m▲ 20.8%
Fixed assets21/28€1.4m€1.3m€1.3m€1.3m€1.4m€1.4m€1.5m€1.8m▲ 19.6%
Tangible fixed assets22/27€1.4m€1.3m€1.3m€1.3m€1.4m€1.4m€1.5m€1.8m▲ 19.6%
Land and buildings22---€1.3m€1.4m€1.4m€1.5m€1.8m▲ 20.2%
Plant, machinery and equipment23-----€0€0€0-
Furniture and vehicles24---€0.03m€0.02m€0.02m€0.01m€0.003m▼ 66.6%
Financial fixed assets28€302€302€302€302€302€302€302€302=
Current assets29/58€0.1m€0.1m€0.04m€0.1m€0.1m€0.1m€0.3m€0.3m▲ 27.8%
Amounts receivable within one year40/41€0.03m€0.003m€0.001m€0.001m€0.006m€0.001m€0.002m€0.02m▲ 675%
Trade receivables40-------€0.02m-
Other amounts receivable41---€0.001m€0.006m€0.001m€0.002m€0.003m▲ 13.1%
Cash at bank and in hand54/58€0.08m€0.1m€0.03m€0.1m€0.1m€0.1m€0.2m€0.3m▲ 21.8%
Deferred charges and accrued income490/1---€0.004m€0.006m€0.006m€0.02m€0.03m▲ 22.8%
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.4m€1.4m€1.5m€1.5m€1.6m€1.7m€2.1m▲ 20.8%
Equity10/15€0.5m€0.6m€0.7m€0.9m€1.0m€1.2m€1.4m€1.4m▲ 4.8%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Contributions outside capital11---€0.002m€0.002m€0.002m€0.002m€0.002m=
Share premium1100/10---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves13€0.4m€0.5m€0.6m€0.8m€0.9m€1.1m€1.3m€1.4m▲ 5.0%
Non-distributable reserves130/1---€0.03m€0.03m€0.03m€0.03m€0.03m=
Legal reserve130---€0.03m€0.03m€0.03m€0.03m€0.03m=
Tax-exempt reserves132---€464€464€464€464€464=
Distributable reserves133---€0.8m€0.9m€1.1m€1.3m€1.3m▲ 5.1%
Profit (loss) carried forward14€0.006m€0.007m€0.008m€0.008m€0.008m€0.008m€0.008m€0.008m▲ 1.1%
Provisions and deferred taxes16€0.001m--------
Amounts payable17/49€1.0m€0.9m€0.7m€0.6m€0.5m€0.4m€0.4m€0.7m▲ 79.7%
Amounts payable after more than one year17€0.01m€0.01m€0.01m€0.004m€0.004m€0.004m€0.004m€0.004m=
Other amounts payable178/9---€0.004m€0.004m€0.004m€0.004m€0.004m=
Amounts payable within one year42/48€0.9m€0.8m€0.7m€0.6m€0.5m€0.4m€0.3m€0.6m▲ 97.7%
Current portion of amounts payable after more than one year42---€0.2m€0.2m€0.1m€0.1m€0.08m▼ 22.9%
Trade debts44€0.005m€0.003m€0.002m€0.03m€0.001m€0.002m€0.004m€0.01m▲ 253%
Suppliers440/4---€0.03m€0.001m€0.002m€0.004m€0.01m▲ 253%
Taxes, remuneration and social security45---€0.04m€0.04m€0.004m---
Taxes450/3---€0.04m€0.04m€0.004m---
Other amounts payable47/48---€0.3m€0.3m€0.2m€0.2m€0.5m▲ 163%
Accrued charges and deferred income492/3----€0.004m€0.004m€0.07m€0.07m▲ 1.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€196,751€223,426€208,910€238,214€205,341€206,785€223,667€205,590▼ 8.1%
+ Depreciation and write-downs630€46,683€41,397€40,004€41,731€49,186€52,311€61,857€80,954▲ 30.9%
Operating cash flow (approximation)€243,433€264,823€248,914€279,945€254,527€259,096€285,525€286,544▲ 0.4%
Investment in fixed assets (approximation)--€4,000-€39,651-€57,793-€120,599-€85,690-€113,282-€372,956▼ 229%
Change in cash-€26,610-€72,331€83,629-€18,684€28,444€109,540€51,587▼ 52.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 06-05-2026 2026-00104000 PDF
31-12-2024 micro format 16-05-2025 2025-00095826 PDF
31-12-2023 micro format 03-05-2024 2024-00080594 PDF
31-12-2022 micro format 27-04-2023 2023-00068101 PDF
31-12-2021 micro format 28-04-2022 2022-20011184 PDF
31-12-2020 micro format 30-04-2021 2021-12100164 PDF
31-12-2019 micro format 30-04-2020 2020-10400363 PDF
31-12-2018 micro format 17-05-2019 2019-13300021 PDF
31-12-2017 micro format 25-04-2018 2018-10400523 PDF
31-12-2016 full format 05-05-2017 2017-11200082 PDF

Show all 49 filings

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