FRIENDS
ActiveFRIENDS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €-6k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 18016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-44
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 3.62 in 2024), and 33.6% 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.
−lowers risk+raises risk○neutral
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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
60 d late
2023
56 d late
2022
58 d late
2021
61 d late
2020
116 d late
2019
69 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▼ 5.6%
2024 · €113k
2018: €26k
2019: €26k
2020: €41k
2021: €60k
2022: €82k
2023: €103k
2024: €113k
2018 → 2025
Total assets
€160k▲ 3.9%
2024 · €154k
2018: €86k
2019: €105k
2020: €112k
2021: €128k
2022: €145k
2023: €154k
2024: €154k
2018 → 2025
Net result
€-6k
2024 · €10k
2018: €-24k
2019: €196
2020: €15k
2021: €19k
2022: €22k
2023: €21k
2024: €10k
2018 → 2025
Working capital
€82k▼ 24.9%
2024 · €109k
2018: €22k
2019: €53k
2020: €62k
2021: €79k
2022: €90k
2023: €102k
2024: €109k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€82k▲ 35.9%€103k▲ 25.0%€113k▲ 9.6%€106k▼ 5.6%
Operating result€31k-€34k▲ 9.6%€33k▼ 3.4%€17k▼ 47.2%€-5k
Net result€19k-€22k▲ 12.2%€21k▼ 5.3%€10k▼ 52.0%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €17k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€24k▲ 588%
Current assets
€136k▼ 9.9%
Equity and liabilities €160k
Equity
€106k▼ 5.6%
Debt
€54k▲ 29.3%
The debt ratio rises from 27.0% to 33.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-3k▼
2024 · €18k
Cash flow
€-4k▼
2024 · €10k
Solvency
66.4%▼
2024 · 73.0%
Current ratio
2.52▼
2024 · 3.62
Quick ratio
1.50▼
2024 · 2.18
Debt / equity
0.51▲
2024 · 0.37
ROE
-5.9%▼
2024 · 8.8%
ROA
-3.9%▼
2024 · 6.4%
Interest coverage
-3.38▼
2024 · 12.41
Debt
€54k▲
2024 · €42k
Debt ≤ 1 year
€54k▲
2024 · €42k
Income taxes
€1k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€154k€160k▲
Fixed assets21/28€4k€24k▲
Tangible fixed assets22/27€4k€24k▲
Plant, machinery and equipment23€4k€22k▲
Furniture and vehicles24-€3k
Current assets29/58€151k€136k▼
Stocks and contracts in progress3€60k€55k▼
Stocks30/36€60k€55k▼
Amounts receivable within one year40/41€8k€27k▲
Trade receivables40€4k€22k▲
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€82k€53k▼
Deferred charges and accrued income490/1€397€2k▲
Equity and liabilities
Total equity and liabilities10/49€154k€160k▲
Equity10/15€113k€106k▼
Contributions10/11€19k€19k=
Reserves13€32k€32k=
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Distributable reserves133€31k€32k▲
Profit (loss) carried forward14€62k€55k▼
Amounts payable17/49€42k€54k▲
Amounts payable within one year42/48€42k€54k▲
Current portion of amounts payable after more than one year42€3k-
Trade debts44€10k€35k▲
Suppliers440/4€10k€35k▲
Taxes, remuneration and social security45€16k€7k▼
Taxes450/3€16k€7k▼
Other amounts payable47/48€12k€12k=
Income statement
Code20242025
Remuneration, social security and pensions62€-77-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€612€2k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€21k€3k▼
Operating profit (loss)9901€17k€-5k▼
Financial income75/76B-€12
Recurring financial income75-€12
Financial charges65/66B€1k€753▼
Recurring financial charges65€1k€753▼
Profit (loss) for the period before taxes9903€16k€-5k▼
Income taxes67/77€6k€1k▼
Profit (loss) for the period9904€10k€-6k▼
Profit (loss) for the period to be appropriated9905€10k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€55k▼
Profit (loss) brought forward from the previous period14P€62k€62k=
Transfer to equity691/2€10k-
To other reserves6921€10k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial
Equity above €100kEq €103k ▲25%
5 profitable years in a row build equity to €103k.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
31-12
Financial
Highest result since 2018net €22k ▲12.2%
Operating result €34k, net result €22k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 116 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €196
Net result €196 after one loss-making year.
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 125 days late
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 143 days late
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Menen · 1 establishment unit since 2003
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.
Stationsstraat 728930 MenenGround area
117 m²
Building footprint
110 m²
Volume, LiDAR
711 m³
Parcel 34027E1009/00R105, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STATIONSHOP
since 20032.133.784.521
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027E1009/00R105 | Flanders | 117 m² | 1 · 110 m² | 12.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteMenen2.133.784.521
Similar companies · same sector, comparable size
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BE 0751.515.715
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RUSTAM KHAN
BE 1003.766.589
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PRESS 2
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Lanaken · Eq €109k
TABAQUERIA
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Waremme · Eq €101k
Of 413 companies in sector 47260 we hold annual accounts for 260. 213 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2003
Fiscal year end31-12
Activities, NACEBEL
47260Retail trade
52112
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
47750Retail sale of cosmetics and toilet articles
61100Wired, wireless and satellite telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.