Fries on first
ActiveSummary
The computed 12-month bankruptcy probability of Fries on first is 1.7% (moderate). For Fries on first, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €83,096 and a net result of €9,066. Its solvency ranks better than 75% of 17995 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability77▼-18
Solvency82▼-4
Growth52
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2023Solvency, return and age of the figures
Solvency
57.3%
Return on assets
6.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-07-2024, 19 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
19 d early
2022
71 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€83,096▲ 12.2%
2022 · €74,030
Total assets
€144,973▲ 20.2%
2022 · €120,596
Net result
€9,066▼ 64.6%
2022 · €25,575
Working capital
€80,738▲ 44.7%
2022 · €55,815
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line20222023
Operating result€28,367-€13,864▼ 51.1%
Net result€25,575above the sector's middle half-€9,066within the sector's middle half▼ 64.6%
Equity€74,030within the sector's middle half-€83,096above the sector's middle half▲ 12.2%
Total assets€120,596within the sector's middle half-€144,973within the sector's middle half▲ 20.2%
Debt€46,566-€61,877▲ 32.9%
Working capital€55,815above the sector's middle half-€80,738above the sector's middle half▲ 44.7%
Solvency61.4%above the sector's middle half-57.3%within the sector's middle half▼ 4.1pp
Current ratio2.24above the sector's middle half-2.30above the sector's middle half▲ 0.06
Return on assets (ROA)21.2%above the sector's middle half-6.3%within the sector's middle half▼ 15.0pp
Staff (FTE)4.6-3▼ 34.8%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 2023; 2023 is 51% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €144,973
Fixed assets
€2,358 ▼ 88.1%
Current assets
€142,615 ▲ 41.4%
Equity and liabilities €144,973
Equity
€83,096 ▲ 12.2%
Debt
€61,877 ▲ 32.9%
Debt's share of the balance-sheet total rises from 38.6% to 42.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,324▼
2022 · €52,700
Cash flow
€27,526▼
2022 · €49,909
Debt to equity
0.74▲
2022 · 0.63
ROE
10.9%▼
2022 · 34.5%
Interest coverage
24.26▼
2022 · 688.80
Debt ≤ 1 year
€61,877▲
2022 · €45,014
Income taxes
€3,557▼
2022 · €6,383
Staff costs
€28,622▼
2022 · €42,164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €42,164 | €28,622 | ▼ 32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,333 | €18,460 | ▼ 24.1% |
| Other operating charges640/8 | €1,396 | €4,800 | ▲ 244% |
| Gross operating margin9900 | €96,260 | €65,746 | ▼ 31.7% |
| Operating profit (loss)9901 | €28,367 | €13,864 | ▼ 51.1% |
| Financial income75/76B | €3,668 | €92 | ▼ 97.5% |
| Recurring financial income75 | €3,668 | €92 | ▼ 97.5% |
| Financial charges65/66B | €77 | €1,333 | ▲ 1,642% |
| Recurring financial charges65 | €77 | €1,333 | ▲ 1,642% |
| Profit (loss) for the period before taxes9903 | €31,958 | €12,623 | ▼ 60.5% |
| Income taxes67/77 | €6,383 | €3,557 | ▼ 44.3% |
| Profit (loss) for the period9904 | €25,575 | €9,066 | ▼ 64.6% |
| Profit (loss) for the period to be appropriated9905 | €25,575 | €9,066 | ▼ 64.6% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €120,596 | €144,973 | ▲ 20.2% |
| Fixed assets21/28 | €19,768 | €2,358 | ▼ 88.1% |
| Intangible fixed assets21 | €18,250 | - | - |
| Tangible fixed assets22/27 | - | €840 | - |
| Plant, machinery and equipment23 | - | €840 | - |
| Financial fixed assets28 | €1,518 | €1,518 | = |
| Current assets29/58 | €100,828 | €142,615 | ▲ 41.4% |
| Amounts receivable within one year40/41 | €67,388 | €116,539 | ▲ 72.9% |
| Trade receivables40 | - | €47,928 | - |
| Other amounts receivable41 | €67,388 | €68,610 | ▲ 1.8% |
| Cash at bank and in hand54/58 | €33,440 | €26,076 | ▼ 22.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €120,596 | €144,973 | ▲ 20.2% |
| Equity10/15 | €74,030 | €83,096 | ▲ 12.2% |
| Contributions10/11 | €31,000 | €31,000 | = |
| Reserves13 | €43,030 | €52,096 | ▲ 21.1% |
| Distributable reserves133 | €43,030 | €52,096 | ▲ 21.1% |
| Amounts payable17/49 | €46,566 | €61,877 | ▲ 32.9% |
| Amounts payable within one year42/48 | €45,014 | €61,877 | ▲ 37.5% |
| Trade debts44 | €12,935 | €46,372 | ▲ 259% |
| Suppliers440/4 | €12,935 | €46,372 | ▲ 259% |
| Taxes, remuneration and social security45 | €32,079 | €15,505 | ▼ 51.7% |
| Taxes450/3 | €17,092 | €14,779 | ▼ 13.5% |
| Remuneration and social security454/9 | €14,987 | €726 | ▼ 95.2% |
| Accrued charges and deferred income492/3 | €1,553 | - | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €25,575 | €9,066 | ▼ 64.6% |
| + Depreciation and write-downs630 | €24,333 | €18,460 | ▼ 24.1% |
| Operating cash flow (approximation) | €49,909 | €27,526 | ▼ 44.8% |
| Investment in fixed assets (approximation) | - | -€1,050 | - |
| Change in cash | - | -€7,364 | - |
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
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
NBB filing
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, Essen · 1 establishment unit since 2020
Ground area
92 m²
Building footprint
92 m²
Volume, LiDAR
556 m³
Parcel 11642D0653/02S000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Fries on first
since 20202.308.975.231
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0653/02S000 | Flanders | 92 m² | 1 · 92 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEssen2.308.975.231
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 8,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded25-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
louisa1@post.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754900916
Also
9925:BE0754900916
Registered
18-12-2025
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.