FRIESMO
ActiveSummary
The computed 12-month bankruptcy probability of FRIESMO is 9.2% (elevated). The annual accounts of FRIESMO for financial year 2024 show a net loss of 60% of total assets and of 98% of the equity at the start of that year. The 2024 annual accounts show equity of €781 and a net result of -€36,392. Equity has been growing by about 99% per year since 2022. Its solvency ranks better than 22% of 15,439 sector peers (NACE 46, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-12-2021 Normal situation
- Activity
- Agents in non-specialised wholesale trade NACE 46190and 4 others
- Establishment unit
- 2.325.652.697 3001 Leuven, since 09-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 05-06-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 9.2%
- Gross margin
- -€24,785
- Loss
- €36,392
- Equity
- €781
- ▼ 97.9%
- Total assets
- €60,206
- ▲ 12.7%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 26-06-2025)1 change of registered office in 24 monthsLoss of €36,392 (financial year 2024)lowers riskSize: total assets €60,206Show the evidence
Checked score
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 17% of them on solvency, 16% on liquidity, 6% on profitability and 5% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 50 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 23-06-2025 PDF all 3 filings
2022 to 2024, 3 financial years
The operating result for 2024 is a loss of €35,400, after a profit of €48,029 in 2023. It is the lowest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Tangible fixed assets | €46,443 | €1,504 | €17,913 |
| Depreciation and write-downs of the year | €4,573 | €19,498 | €8,414 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as FRIESMO: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €51,200 and €70,500, founded between 2020 and 2022.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| FRIESMO Leuven | 2021 | €60,206 | €781 | -€24,785 | - | -€36,392 | 2024 |
| Futur Direct + Hooglede | 2021 | €67,884 | €67,223 | €1,077 | - | -€307 | 2025 |
| F FOOD Charleroi | 2021 | €52,128 | -€579 | -€4,478 | €167,050 | -€9,443 | 2025 |
| Axelle Blanc Sint-Gillis (bij-Brussel) | 2022 | €51,238 | €29,148 | -€16,944 | - | -€19,186 | 2025 |
| P.E.D. Belgium Deerlijk | 2022 | €52,454 | -€18,775 | -€24 | - | -€413 | 2024 |
| QPLASTIQS Wevelgem | 2020 | €58,479 | -€275,839 | -€11,733 | - | -€48,298 | 2025 |
| Prestige Cosmetic Grâce-Hollogne | 2022 | €70,523 | €12,377 | -€8,730 | - | -€15,238 | 2025 |
They were chosen from the 2,590 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 757 companies had the same profile as FRIESMO has now. Two years later, 7.9% had gone bankrupt and 86.8% were still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FRIESMO itself: 9.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 757 companies, not a prediction for FRIESMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,418 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,573 | €19,498 | €8,414 | ▼ 56.8% |
| Other operating charges640/8 | €1,010 | €912 | €2,201 | ▲ 141% |
| Gross operating margin9900 | -€5,171 | €68,440 | -€24,785 | - |
| Operating profit (loss)9901 | -€10,753 | €48,029 | -€35,400 | - |
| Financial income75/76B | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €37 | €50 | €992 | ▲ 20× |
| Recurring financial charges65 | €37 | €50 | €992 | ▲ 20× |
| Profit (loss) for the period before taxes9903 | -€10,790 | €47,979 | -€36,392 | - |
| Income taxes67/77 | - | €10,016 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€10,790 | €37,963 | -€36,392 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,790 | €37,963 | -€36,392 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €55,560 | €53,406 | €60,206 | ▲ 12.7% |
| Fixed assets21/28 | €41,870 | €23,876 | €21,393 | ▼ 10.4% |
| Tangible fixed assets22/27 | €41,870 | €23,876 | €21,393 | ▼ 10.4% |
| Furniture and vehicles24 | €41,870 | €23,876 | €5,522 | ▼ 76.9% |
| Other tangible fixed assets26 | - | - | €15,871 | - |
| Current assets29/58 | €13,690 | €29,530 | €38,814 | ▲ 31.4% |
| Amounts receivable within one year40/41 | €11,739 | €0 | €25,000 | - |
| Trade receivables40 | €4,900 | €0 | - | - |
| Other amounts receivable41 | €6,839 | €0 | €25,000 | - |
| Cash at bank and in hand54/58 | €1,951 | €29,530 | €7,584 | ▼ 74.3% |
| Deferred charges and accrued income490/1 | - | - | €6,230 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €55,560 | €53,406 | €60,206 | ▲ 12.7% |
| Equity10/15 | -€790 | €37,173 | €781 | ▼ 97.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €27,173 | €27,173 | = |
| Distributable reserves133 | - | €27,173 | €27,173 | = |
| Profit (loss) carried forward14 | -€10,790 | €0 | -€36,392 | - |
| Amounts payable17/49 | €56,350 | €16,232 | €59,425 | ▲ 266% |
| Amounts payable within one year42/48 | €56,350 | €16,232 | €59,095 | ▲ 264% |
| Trade debts44 | €984 | €6,326 | €7,761 | ▲ 22.7% |
| Suppliers440/4 | €984 | €6,326 | €7,761 | ▲ 22.7% |
| Taxes, remuneration and social security45 | - | €8,451 | €5,216 | ▼ 38.3% |
| Taxes450/3 | - | €8,451 | €5,216 | ▼ 38.3% |
| Other amounts payable47/48 | €55,366 | €1,455 | €46,118 | ▲ 32× |
| Accrued charges and deferred income492/3 | - | - | €331 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,790 | €37,963 | -€36,392 | - |
| + Depreciation and write-downs630 | €4,573 | €19,498 | €8,414 | ▼ 56.8% |
| Operating cash flow (approximation) | -€6,217 | €57,462 | -€27,978 | - |
| Investment in fixed assets (approximation) | - | -€1,504 | -€5,931 | ▼ 294% |
| Change in cash | - | €27,579 | -€21,946 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Owners
Network & group
FRIESMO shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of FRIESMO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-11
Gazette deed
Amendment of the articlesPower of attorney · Declaration5 points ▸
- General meeting, 27-10-2025
- Amendment of the articles, 17
- Amendment of the articles, 24
- Power of attorney, VGD Accountants en Belastingconsulenten
- Declaration, “vereniging van alle aandelen in één hand, artikel 2:14, 4° Wetboek vennootschappen en verenigingen” (deed in Dutch)
12-11
Gazette deed
Registered office moved from Kuurne to Heverlee2 points ▸
- Board meeting, 11-10-2024
- Registered-office move, Hertogstraat 147 appartementsnummer 11/4-L, 3001 Heverlee
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24434F0052/00T005 | Flanders | 1.0 ha | 1 · 505 m² | 25.7 m · 6 |