FRIEBARA
ActiveSummary
FRIEBARA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,979 and a net result of -€41,453. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-68
Solvency45▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.08 against 0.05 in 2024; short-term debt: 76.4% and cash: 0% of total assets), and 79.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← 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 · 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
20.5%
Return on assets
-7.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
30 d early
2024
28 d early
2023
30 d early
2022
39 d early
2021
30 d early
2020
66 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
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. Usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€41,453
2024 · €38,280
Working capital
-€411,395▼ 6.3%
2024 · -€386,858
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€58,878▲ 18.3%-€54,245▲ 7.9%-€55,877▼ 3.0%€38,729-€40,863
Net result-€59,631▲ 18.5%-€55,105▲ 7.6%-€56,395▼ 2.3%€38,280above the sector's middle half-€41,453below the sector's middle half
Equity-€235,347▼ 33.9%-€290,453▼ 23.4%€53,152€91,432within the sector's middle half▲ 72.0%€119,979within the sector's middle half▲ 31.2%
Total assets€531,513▼ 7.8%€509,018▼ 4.2%€468,947▼ 7.9%€517,427within the sector's middle half▲ 10.3%€586,622within the sector's middle half▲ 13.4%
Debt€766,861▲ 1.9%€799,471▲ 4.3%€415,795▼ 48.0%€425,995▲ 2.5%€466,643▲ 9.5%
Working capital-€706,682▼ 3.9%-€727,629▼ 3.0%-€383,656▲ 47.3%-€386,858below the sector's middle half▼ 0.8%-€411,395below the sector's middle half▼ 6.3%
Solvency-44.3%▼ 13.8pp-57.1%▼ 12.8pp11.3%▲ 68.4pp17.7%below the sector's middle half▲ 6.3pp20.5%within the sector's middle half▲ 2.8pp
Current ratio0.01▼ 0.010.02▲ 0.020.03▲ 0.010.05below the sector's middle half▲ 0.020.08below the sector's middle half▲ 0.03
Return on assets (ROA)-11.2%▲ 1.5pp-10.8%▲ 0.4pp-12.0%▼ 1.2pp7.4%within the sector's middle half▲ 19.4pp-7.1%below the sector's middle half▼ 14.5pp
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €40,863 after €38,729 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €586,622
Fixed assets
€549,974 ▲ 10.7%
Current assets
€36,648 ▲ 78.4%
Equity and liabilities €586,622
Equity
€119,979 ▲ 31.2%
Debt
€466,643 ▲ 9.5%
Debt's share of the balance-sheet total falls from 82.3% to 79.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€4,820▼
2024 · €71,952
Cash flow
-€5,409▼
2024 · €71,503
Debt to equity
3.89▼
2024 · 4.66
ROE
-34.6%▼
2024 · 41.9%
Interest coverage
-8.17▼
2024 · 158.69
Debt ≤ 1 year
€448,043▲
2024 · €407,395
Debt > 1 year
€18,600=
2024 · €18,600
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €74,705 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,101 | €36,018 | €36,368 | €33,223 | €36,044 | ▲ 8.5% |
| Gross operating margin9900 | -€18,778 | -€18,227 | -€19,509 | €71,952 | -€4,820 | ▼ 107% |
| Operating profit (loss)9901 | -€58,878 | -€54,245 | -€55,877 | €38,729 | -€40,863 | ▼ 206% |
| Financial income75/76B | - | - | - | €4 | - | - |
| Recurring financial income75 | - | - | - | €4 | - | - |
| Financial charges65/66B | €752 | €861 | €518 | €453 | €590 | ▲ 30.1% |
| Recurring financial charges65 | €752 | €861 | €518 | €453 | €590 | ▲ 30.1% |
| Profit (loss) for the period before taxes9903 | -€59,631 | -€55,105 | -€56,395 | €38,280 | -€41,453 | ▼ 208% |
| Profit (loss) for the period9904 | -€59,631 | -€55,105 | -€56,395 | €38,280 | -€41,453 | ▼ 208% |
| Profit (loss) for the period to be appropriated9905 | -€59,631 | -€55,105 | -€56,395 | €38,280 | -€41,453 | ▼ 208% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €531,513 | €509,018 | €468,947 | €517,427 | €586,622 | ▲ 13.4% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €525,934 | €491,776 | €455,408 | €496,890 | €549,974 | ▲ 10.7% |
| Tangible fixed assets22/27 | €525,934 | €491,776 | €455,408 | €96,890 | €149,974 | ▲ 54.8% |
| Land and buildings22 | - | - | - | - | €72,227 | - |
| Plant, machinery and equipment23 | €525,934 | €491,776 | €455,408 | €96,890 | €77,747 | ▼ 19.8% |
| Financial fixed assets28 | - | - | - | €400,000 | €400,000 | = |
| Current assets29/58 | €5,579 | €17,242 | €13,539 | €20,537 | €36,648 | ▲ 78.4% |
| Amounts receivable within one year40/41 | €2,139 | €10,189 | €13,520 | €20,496 | €36,545 | ▲ 78.3% |
| Trade receivables40 | €641 | €7,189 | €3,321 | €2,996 | €1,364 | ▼ 54.5% |
| Other amounts receivable41 | €1,498 | €3,000 | €10,200 | €17,500 | €35,181 | ▲ 101% |
| Cash at bank and in hand54/58 | €3,440 | €7,053 | €19 | €41 | €103 | ▲ 151% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €531,513 | €509,018 | €468,947 | €517,427 | €586,622 | ▲ 13.4% |
| Equity10/15 | -€235,347 | -€290,453 | €53,152 | €91,432 | €119,979 | ▲ 31.2% |
| Contributions10/11 | €18,600 | €18,600 | €418,600 | €418,600 | €161,384 | ▼ 61.4% |
| Reserves13 | €48 | €48 | €48 | €48 | €48 | = |
| Non-distributable reserves130/1 | €48 | €48 | - | - | - | - |
| Reserves not available under the articles1311 | €48 | €48 | - | - | - | - |
| Distributable reserves133 | - | - | €48 | €48 | €48 | = |
| Profit (loss) carried forward14 | -€253,995 | -€309,101 | -€365,496 | -€327,216 | -€41,453 | ▲ 87.3% |
| Amounts payable17/49 | €766,861 | €799,471 | €415,795 | €425,995 | €466,643 | ▲ 9.5% |
| Amounts payable after more than one year17 | €54,600 | €54,600 | €18,600 | €18,600 | €18,600 | = |
| Financial debts170/4 | €54,600 | €54,600 | €18,600 | €18,600 | €18,600 | = |
| Amounts payable within one year42/48 | €712,261 | €744,871 | €397,195 | €407,395 | €448,043 | ▲ 10.0% |
| Trade debts44 | €37,426 | €54,878 | €65,992 | €53,323 | €29,781 | ▼ 44.2% |
| Suppliers440/4 | €37,426 | €54,878 | €65,992 | €53,323 | €29,781 | ▼ 44.2% |
| Advances received on contracts in progress46 | - | - | - | €1,500 | €625 | ▼ 58.3% |
| Taxes, remuneration and social security45 | - | €4,862 | - | €848 | - | - |
| Taxes450/3 | - | €4,862 | - | €848 | - | - |
| Other amounts payable47/48 | €674,834 | €685,132 | €331,203 | €351,724 | €417,637 | ▲ 18.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,631 | -€55,105 | -€56,395 | €38,280 | -€41,453 | ▼ 208% |
| + Depreciation and write-downs630 | €40,101 | €36,018 | €36,368 | €33,223 | €36,044 | ▲ 8.5% |
| Operating cash flow (approximation) | -€19,530 | -€19,087 | -€20,027 | €71,503 | -€5,409 | ▼ 108% |
| Investment in fixed assets (approximation) | - | -€1,860 | €0 | -€74,705 | -€89,128 | ▼ 19.3% |
| Change in cash | - | €3,613 | -€7,034 | €23 | €62 | ▲ 174% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €119,979 ▲31.2%
Equity rises from €91,432 to €119,979.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Back to profitnet €38,280
Net result €38,280 after 5 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€105,014
Net result drops to -€105,014, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bütgenbach · 1 establishment unit since 2009
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.
Nidrum,Auf dem Schwirtzberg 164750 Bütgenbach1 establishment unit
FRIEBARA
since 20092.175.675.752
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
30.45%
According to the 2025 annual accounts of FRIEBARA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 27 companies in sector 35210 we hold annual accounts for 21. 6 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
35210Electricity, gas, steam and air conditioning supply
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808988413
Also
9925:BE0808988413
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.