FRIENDEN
ActiveSummary
The computed 12-month bankruptcy probability of FRIENDEN is 4.2% (elevated). The 2024 annual accounts show equity of €7k and a net result of €2k. Equity is growing by ~41.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 26043 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▼-9
Solvency38=
Growth78=
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.15 against 1.15 in 2023; short-term debt: 86.9% and cash: 4.7% of total assets), and 86.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
13.1%
Return on assets
3.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
8 d late
2022
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€7k▲ 32.2%
2023 · €5k
2022: €3k
2023: €5k
2022 → 2024
Total assets
€54k▲ 28.8%
2023 · €42k
2022: €13k
2023: €42k
2022 → 2024
Net result
€2k▼ 37.1%
2023 · €3k
2022: €-7k
2023: €3k
2022 → 2024
Working capital
€7k▲ 32.2%
2023 · €5k
2022: €3k
2023: €5k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€3k-€5k▲ 105%€7k▲ 32.2%
Operating result€-7k-€4k€2k▼ 34.3%
Net result€-7k-€3k€2k▼ 37.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €54k
Equity
€7k ▲ 32.2%
Debt
€47k ▲ 28.3%
Debt's share of the balance-sheet total falls from 87.2% to 86.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.15▲
2023 · 1.15
Quick ratio
1.09▲
2023 · 1.07
Debt to equity
6.63▼
2023 · 6.83
ROE
24.3%▼
2023 · 51.2%
ROA
3.2%▼
2023 · 6.5%
Debt ≤ 1 year
€47k▲
2023 · €37k
Income taxes
€574▼
2023 · €865
Staff costs
€58k▼
2023 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€42k€54k▲
Current assets29/58€42k€54k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€38k€49k▲
Trade receivables40€32k€38k▲
Other amounts receivable41€6k€11k▲
Cash at bank and in hand54/58€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€42k€54k▲
Equity10/15€5k€7k▲
Contributions10/11€10k€10k=
Capital10€10k€10k=
Issued capital100€10k€10k=
Reserves13€137€223▲
Non-distributable reserves130/1€137€223▲
Legal reserve130€137€223▲
Profit (loss) carried forward14€-5k€-3k▲
Amounts payable17/49€37k€47k▲
Amounts payable within one year42/48€37k€47k▲
Trade debts44€13k€26k▲
Suppliers440/4€13k€26k▲
Taxes, remuneration and social security45€19k€17k▼
Taxes450/3€1k€2k▲
Remuneration and social security454/9€18k€15k▼
Other amounts payable47/48€4k€3k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€119k€68k▼
Remuneration, social security and pensions62€69k€58k▼
Other operating charges640/8€384€387▲
Gross operating margin9900€73k€61k▼
Operating profit (loss)9901€4k€2k▼
Financial charges65/66B€95€135▲
Recurring financial charges65€95€135▲
Profit (loss) for the period before taxes9903€4k€2k▼
Income taxes67/77€865€574▼
Profit (loss) for the period9904€3k€2k▼
Profit (loss) for the period to be appropriated9905€3k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-3k▲
Profit (loss) brought forward from the previous period14P€-7k€-5k▲
Transfer to equity691/2€137€86▼
To the legal reserve6920€137€86▼
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brussel · 1 establishment unit since 2022
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.
Oorlogskruisenlaan 941120 BrusselGround area
1.6 ha
Building footprint
2,445 m²
Volume, LiDAR
7,255 m³
2 parcels, Brussels, Flanders · tallest building 18.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FRIENDEN
since 20222.329.659.787
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0090/00P000 | Brussels | 8,062 m² | 1 · 656 m² | 18.0 m · 4 fl. |
| 23094D0041/00F000 | Flanders | 7,975 m² | 1 · 1,789 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VIDEOTEL
BE 0445.199.811
Jette · Eq €7,009
ENERGYPLUS SOLUTIONS
BE 0756.890.505
Tessenderlo-Ham · Eq €7,214
Yassin-Electronics
BE 0561.836.668
Antwerpen · Eq €6,914
MONDIAL STOCK
BE 0810.187.055
Sint-Jans-Molenbeek · Eq €7,293
MOBIL OCCASE
BE 0871.546.681
Liège · Eq €7,333
Of 1,510 companies in sector 47540 we hold annual accounts for 805. 222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
81210General cleaning of buildings
47230Retail trade
47551Retail sale of household furniture
47553Retail trade
47559Retail sale of other household articles
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:Ppalace003@gmail.com
Phone:0465-91-91-26