Frictionless Trade Services

Active

Private limited companyfounded 20206 yrs activeIjslandstraat 8/010, 8400 Oostende, BelgiumKBO/BCE: BE 0751.890.946

Summary

The computed 12-month bankruptcy probability of Frictionless Trade Services is 15.6% (high). For Frictionless Trade Services, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €278,382 and a net result of €28,309. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 731 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

Frictionless Trade ServicesActive

Risk analysis Report Compare

Activity

Logistics services

NACE 52250NACE 52290

1 site

Size

€2.6mturnover 2023

Staff: 6.3 FTE
Equity: €278,382
Profit: €28,309

Financial health

Bankruptcy chance 12 m: 15.6%

2023 figures too old to score

Structure

Parent: EUROPA ROAD · 100%

Accounts 429 d overdue1 of 6 deeds read

Signals- 2 financial years not filed after the legal deadline; latest accounts 726 days late; 3 of the last 3 late- 1 change of registered office in 24 months- Figures for FY 2023 (filed 28-07-2026)- Equity €278,382 (4.2% of total assets)- Two or more financial years not filed- Filed more than 90 days lateShow the evidence

Checked score

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 29-1

equity 4.2% of total assets

Liquidity 11-4

short-term debt 95.6% · cash 8.7%

Profitability 31-35

return on assets 0.4%

Bankruptcy probability, 12 months

15.6% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,276 companies)

Last 23 months 12-2024: 7.3%lowest value 01-2025: 7.4%▲ +1.2% vs 12-2024 02-2025: 11.5%▲ +55.2% vs 01-2025 03-2025: 11.5%● 0.0% vs 02-2025 04-2025: 11.5%● 0.0% vs 03-2025 05-2025: 11.5%● 0.0% vs 04-2025 06-2025: 11.5%● 0.0% vs 05-2025 07-2025: 11.5%● 0.0% vs 06-2025 08-2025: 9.8%▼ -15.0% vs 07-2025 09-2025: 9.8%● 0.0% vs 08-2025 10-2025: 9.8%● 0.0% vs 09-2025 11-2025: 9.8%● 0.0% vs 10-2025 12-2025: 9.8%● 0.0% vs 11-2025 01-2026: 9.8%● 0.0% vs 12-2025 02-2026: 9.8%● 0.0% vs 01-2026 03-2026: 9.8%● 0.0% vs 02-2026 04-2026: 9.8%● 0.0% vs 03-2026 05-2026: 9.8%● 0.0% vs 04-2026 06-2026: 14.4%▲ +47.4% vs 05-2026 07-2026: 14.4%● 0.0% vs 06-2026 08-2026: 15.6%▲ +8.1% vs 07-2026 09-2026: 15.6%▼ -0.2% vs 08-2026 10-2026: 15.6%▲ +0.3% vs 09-2026highest value

2 financial years not filed after the legal deadline; latest accounts 726 days late; 3 of the last 3 late raises the probability
1 change of registered office in 24 months raises the probability
Figures for FY 2023 (filed 28-07-2026) raises the probability
Equity €278,382 (4.2% of total assets) raises the probability

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk

2 financial years not filed after the legal deadline; latest accounts 726 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Figures for FY 2023 (filed 28-07-2026)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €278,382 (4.2% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 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 · 3 filings

Position against the passed deadline

31-12-2024 close31-07-2025 deadline03-10-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-07-2026, 726 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

726 d late

2022

701 d late

2021

907 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 778 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)

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

27-07-26 Annual accounts filedfiscal year 2023 · full…
21-05-26 Registered officeRegistered-office move · Power of…
01-07-25 Annual accounts filedfiscal year 2022 · full…

Key points

Risk: Accounts not fileddeadline was 31-07-2025 429 d late View
Caution: Result fell in 2023from €144,427 to €28,309 ▼ 80.4% View
Caution: Among the weakest 13% on solvencysector median 35.5% · 731 companies 4.2% View
Controlled by EUROPA ROADultimately: Symmetry Logistics Holdings Ltd… 100% View