FRIEBARA
ActiveSummary
FRIEBARA has been active since 2008 and the Belgian Official 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 222 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Financials · financial year 2025, micro format
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
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €40,863 after €38,729 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€40,863
2025
Net result-€41,453
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€586,622
2025
Equity€119,979
2025
Debt€466,643
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€411,395
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-7.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency20.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.08
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 35, Electricity, gas, steam and air conditioning supply: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€10,184--€99,725-€72,043▲ 27.8%-€58,878▲ 18.3%-€54,245▲ 7.9%-€55,877▼ 3.0%€38,729-€40,863
Net result€9,722--€105,014-€73,202▲ 30.3%-€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€2,499--€102,515-€175,717▼ 71.4%-€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€649,613-€648,321▼ 0.2%€576,513▼ 11.1%€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€647,114-€750,836▲ 16.0%€752,230▲ 0.2%€766,861▲ 1.9%€799,471▲ 4.3%€415,795▼ 48.0%€425,995▲ 2.5%€466,643▲ 9.5%
Working capital-€563,018--€641,798▼ 14.0%-€679,961▼ 5.9%-€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%
Solvency0.4%--15.8%▼ 16.2pp-30.5%▼ 14.7pp-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 ratio0.05-0.04▼ 0.010.02▼ 0.020.01▼ 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)1.5%--16.2%▼ 17.7pp-12.7%▲ 3.5pp-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 of NACE 35, Electricity, gas, steam and air conditioning supply: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
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 · over 100
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 | 2018 | 2019 | 2020 | 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 | €53,130 | €53,283 | €50,420 | €40,101 | €36,018 | €36,368 | €33,223 | €36,044 | ▲ 8.5% |
| Gross operating margin9900 | €63,314 | -€46,442 | -€21,623 | -€18,778 | -€18,227 | -€19,509 | €71,952 | -€4,820 | - |
| Operating profit (loss)9901 | €10,184 | -€99,725 | -€72,043 | -€58,878 | -€54,245 | -€55,877 | €38,729 | -€40,863 | - |
| Financial income75/76B | - | - | - | - | - | - | €4 | - | - |
| Recurring financial income75 | €0 | €34 | €0 | - | - | - | €4 | - | - |
| Financial charges65/66B | - | - | - | €752 | €861 | €518 | €453 | €590 | ▲ 30.1% |
| Recurring financial charges65 | €462 | €5,323 | €1,159 | €752 | €861 | €518 | €453 | €590 | ▲ 30.1% |
| Profit (loss) for the period before taxes9903 | €9,722 | -€105,014 | -€73,202 | -€59,631 | -€55,105 | -€56,395 | €38,280 | -€41,453 | - |
| Profit (loss) for the period9904 | €9,722 | -€105,014 | -€73,202 | -€59,631 | -€55,105 | -€56,395 | €38,280 | -€41,453 | - |
| Profit (loss) for the period to be appropriated9905 | €9,722 | -€105,014 | -€73,202 | -€59,631 | -€55,105 | -€56,395 | €38,280 | -€41,453 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €649,613 | €648,321 | €576,513 | €531,513 | €509,018 | €468,947 | €517,427 | €586,622 | ▲ 13.4% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €622,197 | €621,800 | €566,035 | €525,934 | €491,776 | €455,408 | €496,890 | €549,974 | ▲ 10.7% |
| Tangible fixed assets22/27 | €622,197 | €621,800 | €566,035 | €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 | €27,416 | €26,521 | €10,478 | €5,579 | €17,242 | €13,539 | €20,537 | €36,648 | ▲ 78.4% |
| Amounts receivable within one year40/41 | €27,185 | €24,377 | €8,471 | €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 | €231 | €2,144 | €2,007 | €3,440 | €7,053 | €19 | €41 | €103 | ▲ 151% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €649,613 | €648,321 | €576,513 | €531,513 | €509,018 | €468,947 | €517,427 | €586,622 | ▲ 13.4% |
| Equity10/15 | €2,499 | -€102,515 | -€175,717 | -€235,347 | -€290,453 | €53,152 | €91,432 | €119,979 | ▲ 31.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €418,600 | €418,600 | €161,384 | ▼ 61.4% |
| Reserves13 | €48 | €48 | €48 | €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 | -€16,149 | -€121,163 | -€194,365 | -€253,995 | -€309,101 | -€365,496 | -€327,216 | -€41,453 | ▲ 87.3% |
| Amounts payable17/49 | €647,114 | €750,836 | €752,230 | €766,861 | €799,471 | €415,795 | €425,995 | €466,643 | ▲ 9.5% |
| Amounts payable after more than one year17 | €56,680 | €82,516 | €60,183 | €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 | €590,434 | €668,319 | €690,439 | €712,261 | €744,871 | €397,195 | €407,395 | €448,043 | ▲ 10.0% |
| Trade debts44 | €94,452 | €118,298 | €60,412 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,722 | -€105,014 | -€73,202 | -€59,631 | -€55,105 | -€56,395 | €38,280 | -€41,453 | - |
| + Depreciation and write-downs630 | €53,130 | €53,283 | €50,420 | €40,101 | €36,018 | €36,368 | €33,223 | €36,044 | ▲ 8.5% |
| Operating cash flow (approximation) | €62,852 | -€51,731 | -€22,782 | -€19,530 | -€19,087 | -€20,027 | €71,503 | -€5,409 | - |
| Investment in fixed assets (approximation) | - | -€52,886 | €5,345 | €0 | -€1,860 | €0 | -€74,705 | -€89,128 | ▼ 19.3% |
| Change in cash | - | €1,913 | -€137 | €1,433 | €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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00232634 |
| 31-12-2024 | micro format | 26-09-2025 | 2025-00504775 |
| 31-12-2024 | unclassified schema | 03-07-2025 | 2025-00223135 |
| 31-12-2023 | unclassified schema | 01-07-2024 | 2024-00191223 |
| 31-12-2022 | unclassified schema | 22-06-2023 | 2023-00146562 |
| 31-12-2021 | unclassified schema | 01-07-2022 | 2022-20117107 |
| 31-12-2020 | unclassified schema | 26-05-2021 | 2021-16500190 |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27800467 |
| 31-12-2018 | abbreviated format | 28-06-2019 | 2019-25500057 |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-28000465 |
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Of the 26 active companies whose main activity is electricity, gas, steam and air conditioning supply (NACE 35210), figures are known for 20. 6 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.