FRIES
ActiveSummary
FRIES has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €25k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 4.43 against 6.21 in 2024; short-term debt: 21.5% and cash: 3.6% of total assets), and 21.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.5%
Return on assets
11.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
36 d late
2023
49 d late
2022
7 d late
2021
31 d early
2020
1 d early
2019
11 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€176k▼ 10.5%
2024 · €196k
2018: €38k
2019: €45k
2020: €95k
2021: €133k
2022: €163k
2023: €183k
2024: €196k
2018 → 2025
Total assets
€224k▼ 3.6%
2024 · €232k
2018: €76k
2019: €91k
2020: €115k
2021: €150k
2022: €179k
2023: €212k
2024: €232k
2018 → 2025
Net result
€25k▲ 93.5%
2024 · €13k
2018: €-1k
2019: €7k
2020: €50k
2021: €38k
2022: €30k
2023: €20k
2024: €13k
2018 → 2025
Working capital
€165k▼ 11.4%
2024 · €186k
2018: €34k
2019: €53k
2020: €92k
2021: €110k
2022: €139k
2023: €166k
2024: €186k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€133k-€163k▲ 22.5%€183k▲ 12.4%€196k▲ 7.1%€176k▼ 10.5%
Operating result€51k-€34k▼ 32.9%€28k▼ 17.0%€14k▼ 49.8%€33k▲ 133%
Net result€38k-€30k▼ 21.5%€20k▼ 32.6%€13k▼ 35.5%€25k▲ 93.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 133% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224k
Fixed assets
€11k ▲ 6.6%
Current assets
€213k ▼ 4.0%
Equity and liabilities €224k
Equity
€176k ▼ 10.5%
Debt
€48k ▲ 34.6%
Debt's share of the balance-sheet total rises from 15.4% to 21.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €22k
Cash flow
€34k▲
2024 · €20k
Current ratio
4.43▼
2024 · 6.21
Debt to equity
0.27▲
2024 · 0.18
ROE
14.4%▲
2024 · 6.6%
ROA
11.3%▲
2024 · 5.6%
Interest coverage
8.62▲
2024 · 8.04
Debt ≤ 1 year
€48k▲
2024 · €36k
Income taxes
€12k▲
2024 · €7k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€232k€224k▼
Fixed assets21/28€10k€11k▲
Tangible fixed assets22/27€10k€11k▲
Furniture and vehicles24€10k€11k▲
Financial fixed assets28€145€145=
Current assets29/58€222k€213k▼
Amounts receivable within one year40/41€188k€182k▼
Trade receivables40€20k€35k▲
Other amounts receivable41€168k€147k▼
Current investments50/53€21k€21k=
Cash at bank and in hand54/58€12k€8k▼
Deferred charges and accrued income490/1€250€1k▲
Equity and liabilities
Total equity and liabilities10/49€232k€224k▼
Equity10/15€196k€176k▼
Contributions10/11€12k€12k=
Reserves13€161k€140k▼
Distributable reserves133€161k€140k▼
Profit (loss) carried forward14€23k€23k=
Amounts payable17/49€36k€48k▲
Amounts payable within one year42/48€36k€48k▲
Current portion of amounts payable after more than one year42-€16k
Financial debts43€18k€8k▼
Credit institutions430/8€8k€8k▲
Other loans439€10k-
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€12k€20k▲
Taxes450/3€12k€20k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€1k€881▼
Gross operating margin9900€23k€42k▲
Operating profit (loss)9901€14k€33k▲
Financial income75/76B€9k€9k▼
Recurring financial income75€9k€9k▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€20k€37k▲
Income taxes67/77€7k€12k▲
Profit (loss) for the period9904€13k€25k▲
Profit (loss) for the period to be appropriated9905€13k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€48k▲
Profit (loss) brought forward from the previous period14P€23k€23k=
Transfer from equity791/2-€46k
Transfer to equity691/2€13k€25k▲
To other reserves6921€13k€25k▲
Profit to be distributed694/7-€46k
Return on contributions (dividend)694-€46k
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Equity above €150kEq €163k ▲22.5%
4 profitable years in a row build equity to €163k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €133k ▲40.3%
3 profitable years in a row build equity to €133k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €50k ▲599%
Operating result €66k, net result €50k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.62
Current ratio from 2.42 to 5.62; short-term debt falls from €37k to €20k.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
Show earlier events
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2016
Ground area
175 m²
Building footprint
175 m²
Volume, LiDAR
2,196 m³
Parcel 11811L3661/00M002, Flanders · tallest building 25.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FRIES
since 20162.250.126.618
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3661/00M002 | Flanders | 175 m² | 1 · 175 m² | 25.0 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,572. 40,633 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
Founded07-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.