Frictionless Trade Services
The computed 12-month bankruptcy probability of Frictionless Trade Services is 3.4% (moderate). The 2022 annual accounts show equity of €250k and a net result of €144k. Its solvency ranks better than 21% of 78 sector peers (fiscal year 2022). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €250k |
| Net result | €144k |
| Staff (FTE) | 9.5 |
| Better than sector | 21% |
Strong profile, led by stability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.9% | 25.4% | |
| Net result | €144k | €40k | |
| Equity | €250k | €454k | |
| Staff costs | €650k | €819k | |
| Employees (FTE) | 9.5 | 25.1 |
| Fiscal year | 2022 |
|---|---|
| Revenue | €3.23M |
| EBITDA | €266k |
| Net profit | €144k |
| Cash flow | €153k |
| Staff costs | €650k |
| Income taxes | €67k |
| Dividends | - |
| Total assets | €5.07M |
| Equity | €250k |
| Debt | €4.82M |
| of which ≤ 1y | €4.53M |
| of which > 1y | - |
| Working capital | €-3.76M |
| Employees (FTE) | 9.5 |
| 2022 | |
|---|---|
| Current ratio | 0.17 |
| Quick ratio | 0.17 |
| Working capital ratio | -74.1% |
| Solvency | 4.9% |
| Debt / equity | 19.27 |
| Long-term debt ratio | - |
| Interest coverage | 318.37 |
| Gross margin | - |
| Net margin | 4.5% |
| ROA | 2.8% |
| ROE | 57.8% |
| EBITDA margin | 8.2% |
| Days sales outstanding | 14d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.07M |
| Fixed assets | 21/28 | €4.29M |
| Tangible fixed assets | 22/27 | €37k |
| Financial fixed assets | 28 | €4.25M |
| Current assets | 29/58 | €779k |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €193k |
| Cash & bank | 54/58 | €586k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.07M |
| Equity | 10/15 | €250k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €249k |
| Provisions & deferred taxes | 16 | €1k |
| Amounts payable | 17/49 | €4.82M |
| Amounts payable within one year | 42/48 | €4.53M |
| Trade debts payable within one year | 44 | €32k |
| Income statement | ||
| Turnover | 70 | €3.23M |
| Operating result | 9901 | €258k |
| Financial income | 75 | €9k |
| Financial charges | 65 | €55k |
| Result before taxes | 9903 | €212k |
| Income taxes | 67/77 | €67k |
| Net result for the period | 9904 | €144k |
| Result to be appropriated | 9905 | €144k |
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Current31-12-2025 → present
-
Current25-11-2024 → present
-
Current08-08-2023 → present
-
Current08-08-2023 → present
Former directors (1)
-
Former18-10-2023 → 10-06-2024
2 events
- 10-06-2024 Resigned· Director
- 18-10-2023 Appointed· Director
| NACE primary | 52250 |
| Legal form | Private limited company(610) |
| Incorporation | 07-08-2020 |
| Status | Active |
| Postal code | 8400 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0137/00P000 | Flanders | 1.4 ha | 1 · 1,903 m² | 10.4 m · 3 fl. |
| 35026A0108/00C002 | Flanders | 5,528 m² | 1 · 3,006 m² | 10.8 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
10-02-2026 Jack Baxter appointed as director
- Jack Baxter, Bestuurder
Technical details
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"name": "Jack Baxter",
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},
"effective_date": "2025-12-31",
"evidence_quote": "De Aandeelhouder besluit om de heer Jack Baxter te benoemen tot bestuurder van Vennootschap voor een hernieuwbare termijn van 6 jaar, met ingang van 31 december 2025."
}
],
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"subject_company": {
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}25-11-2024 1 director appointed, 1 resigning
- Daniel Cook, Bestuurder
- Christophe Lamote, Bestuurder
Technical details
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"evidence_quote": "6.2 BENOEMT met onmiddellijke ingang en onbeperkte duur de volgende persoon tot bestuurder van de Vennootschap: - De heer Daniel Cook, wonende te [...];"
},
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"effective_date": "2024-06-10",
"evidence_quote": "4.1 BESLUITEN het mandaat van de heer Christophe Lamote als persoon belast met het dagelijks bestuur te herroepen met ingang vanaf 10 juni 2024."
}
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}26-02-2024 Christophe Lamote appointed as director
- Christophe Lamote, Bestuurder
Technical details
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"effective_date": "2023-10-18",
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}11-09-2023 2 directors appointed
- Carlo Turner, Bestuurder
- George Wrench, Bestuurder
Technical details
{
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"person": {
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"name": "Carlo Turner",
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},
"effective_date": "2023-08-08",
"evidence_quote": "BENOEMT met onmiddellijke ingang de volgende personen tot bestuurders van de Vennootschap: - De heer Carlo Turner, wonende te [...]; en"
},
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"name": "George Wrench",
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"effective_date": "2023-08-08",
"evidence_quote": "BENOEMT met onmiddellijke ingang de volgende personen tot bestuurders van de Vennootschap: - De heer Carlo Turner, wonende te [...]; en - De heer George Wrench, wonende te [...]."
}
],
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}
}11-08-2020 Incorporation of a new BV
Technical details
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"seat": "Vergunningenstraat 15, 8400 Oostende",
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"founders": [
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"name": "CONTINENTAL CARGO CARRIERS"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "Aandelen op naam",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "CONTINENTAL CARGO CARRIERS",
"contribution_type": "cash",
"amount_paid_in_eur": 1000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 1000,
"amount_subscribed_eur": 1000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 1000,
"subject_company": {
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"name_full": "Frictionless Trade Services",
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},
"initial_directors": [],
"incorporation_date": "2020-08-07",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Frictionless Trade Services |