Frietheus
ActiveSummary
The computed 12-month bankruptcy probability of Frietheus is 4.1% (elevated). The 2024 annual accounts show equity of €100k and a net result of €29k. Equity is growing by ~48.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 18936 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-19
Solvency47▲+2
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.22 against 1.36 in 2023; short-term debt: 24.4% and cash: 0.1% of total assets), and 78.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 2024Solvency, return and age of the figures
Solvency
21.9%
Return on assets
6.2%
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 29-09-2025, 60 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
60 d late
2023
12 d early
2022
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€100k▲ 36.7%
2023 · €73k
2022: €29klowest in 3 years
2023: €73k▲ +151% vs 2022
2024: €100k▲ +36.7% vs 2023highest in 3 years
2022 → 2024
Total assets
€458k▲ 24.1%
2023 · €369k
2022: €326klowest in 3 years
2023: €369k▲ +13.3% vs 2022
2024: €458k▲ +24.1% vs 2023highest in 3 years
2022 → 2024
Net result
€29k▼ 37.4%
2023 · €46k
2022: €29k
2023: €46k▲ +58.6% vs 2022highest in 3 years
2024: €29k▼ -37.4% vs 2023lowest in 3 years
2022 → 2024
Working capital
€24k▼ 1.7%
2023 · €24k
2022: €-15klowest in 3 years
2023: €24k▲ +267% vs 2022highest in 3 years
2024: €24k▼ -1.7% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€29k-€73k▲ 151%€100k▲ 36.7%
2022: €29klowest in 3 years
2023: €73k▲ +151% vs 2022
2024: €100k▲ +36.7% vs 2023highest in 3 years
Operating result€39k-€68k▲ 74.3%€46k▼ 31.5%
2022: €39klowest in 3 years
2023: €68k▲ +74.3% vs 2022highest in 3 years
2024: €46k▼ -31.5% vs 2023
Net result€29k-€46k▲ 58.6%€29k▼ 37.4%
2022: €29k
2023: €46k▲ +58.6% vs 2022highest in 3 years
2024: €29k▼ -37.4% vs 2023lowest in 3 years
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 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €458k
Fixed assets
€322k ▲ 16.3%
Current assets
€136k ▲ 47.2%
Equity and liabilities €458k
Equity
€100k ▲ 36.7%
Debt
€358k ▲ 20.9%
Debt's share of the balance-sheet total falls from 80.1% to 78.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71k▼
2023 · €86k
Cash flow
€53k▼
2023 · €64k
Current ratio
1.22▼
2023 · 1.36
Quick ratio
1.19▼
2023 · 1.32
Debt to equity
3.57▼
2023 · 4.03
ROE
28.5%▼
2023 · 62.3%
ROA
6.2%▼
2023 · 12.4%
Interest coverage
4.60▼
2023 · 7.09
Debt ≤ 1 year
€112k▲
2023 · €68k
Debt > 1 year
€246k▲
2023 · €228k
Income taxes
€6k▼
2023 · €12k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€369k€458k▲
Fixed assets21/28€277k€322k▲
Intangible fixed assets21€34k€30k▼
Tangible fixed assets22/27€243k€292k▲
Land and buildings22€221k€213k▼
Plant, machinery and equipment23€21k€79k▲
Furniture and vehicles24€833€126▼
Current assets29/58€92k€136k▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€89k€133k▲
Trade receivables40€15k€42k▲
Other amounts receivable41€73k€91k▲
Cash at bank and in hand54/58€743€508▼
Equity and liabilities
Total equity and liabilities10/49€369k€458k▲
Equity10/15€73k€100k▲
Contributions10/11€2k€2k=
Reserves13€71k€98k▲
Distributable reserves133€71k€98k▲
Amounts payable17/49€296k€358k▲
Amounts payable after more than one year17€228k€246k▲
Financial debts170/4€228k€246k▲
Amounts payable within one year42/48€68k€112k▲
Current portion of amounts payable after more than one year42€23k€33k▲
Trade debts44€21k€63k▲
Suppliers440/4€21k€63k▲
Taxes, remuneration and social security45€22k€15k▼
Taxes450/3€22k€15k▼
Other amounts payable47/48€2k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€24k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€88k€74k▼
Operating profit (loss)9901€68k€46k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€12k€15k▲
Recurring financial charges65€12k€15k▲
Profit (loss) for the period before taxes9903€57k€35k▼
Income taxes67/77€12k€6k▼
Profit (loss) for the period9904€46k€29k▼
Profit (loss) for the period to be appropriated9905€46k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€29k▼
Transfer to equity691/2€44k€27k▼
To other reserves6921€44k€27k▼
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €18k | €24k | ▲ 33.7% |
| Other operating charges640/8 | €2k | €3k | €3k | ▲ 26.4% |
| Gross operating margin9900 | €52k | €88k | €74k | ▼ 16.3% |
| Operating profit (loss)9901 | €39k | €68k | €46k | ▼ 31.5% |
| Financial income75/76B | €192 | €2k | €4k | ▲ 97.9% |
| Recurring financial income75 | €192 | €2k | €4k | ▲ 97.9% |
| Financial charges65/66B | €3k | €12k | €15k | ▲ 26.9% |
| Recurring financial charges65 | €3k | €12k | €15k | ▲ 26.9% |
| Profit (loss) for the period before taxes9903 | €36k | €57k | €35k | ▼ 39.3% |
| Income taxes67/77 | €7k | €12k | €6k | ▼ 46.4% |
| Profit (loss) for the period9904 | €29k | €46k | €29k | ▼ 37.4% |
| Profit (loss) for the period to be appropriated9905 | €29k | €46k | €29k | ▼ 37.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €326k | €369k | €458k | ▲ 24.1% |
| Fixed assets21/28 | €295k | €277k | €322k | ▲ 16.3% |
| Intangible fixed assets21 | €38k | €34k | €30k | ▼ 12.4% |
| Tangible fixed assets22/27 | €257k | €243k | €292k | ▲ 20.4% |
| Land and buildings22 | €229k | €221k | €213k | ▼ 3.4% |
| Plant, machinery and equipment23 | €27k | €21k | €79k | ▲ 275% |
| Furniture and vehicles24 | €2k | €833 | €126 | ▼ 84.8% |
| Current assets29/58 | €31k | €92k | €136k | ▲ 47.2% |
| Stocks and contracts in progress3 | €3k | €3k | €3k | ▼ 4.1% |
| Stocks30/36 | €3k | €3k | €3k | ▼ 4.1% |
| Amounts receivable within one year40/41 | €27k | €89k | €133k | ▲ 49.5% |
| Trade receivables40 | €8k | €15k | €42k | ▲ 171% |
| Other amounts receivable41 | €19k | €73k | €91k | ▲ 24.2% |
| Cash at bank and in hand54/58 | €1k | €743 | €508 | ▼ 31.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €326k | €369k | €458k | ▲ 24.1% |
| Equity10/15 | €29k | €73k | €100k | ▲ 36.7% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €27k | €71k | €98k | ▲ 37.8% |
| Distributable reserves133 | €27k | €71k | €98k | ▲ 37.8% |
| Amounts payable17/49 | €296k | €296k | €358k | ▲ 20.9% |
| Amounts payable after more than one year17 | €251k | €228k | €246k | ▲ 7.8% |
| Financial debts170/4 | €251k | €228k | €246k | ▲ 7.8% |
| Amounts payable within one year42/48 | €46k | €68k | €112k | ▲ 64.8% |
| Current portion of amounts payable after more than one year42 | €23k | €23k | €33k | ▲ 42.3% |
| Trade debts44 | €12k | €21k | €63k | ▲ 196% |
| Suppliers440/4 | €12k | €21k | €63k | ▲ 196% |
| Taxes, remuneration and social security45 | €9k | €22k | €15k | ▼ 32.9% |
| Taxes450/3 | €9k | €22k | €15k | ▼ 32.9% |
| Other amounts payable47/48 | €2k | €2k | €2k | ▲ 4.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €46k | €29k | ▼ 37.4% |
| + Depreciation and write-downs630 | €12k | €18k | €24k | ▲ 33.7% |
| Operating cash flow (approximation) | €41k | €64k | €53k | ▼ 17.2% |
| Investment in fixed assets (approximation) | - | €0 | €-69k | - |
| Change in cash | - | €-501 | €-235 | ▲ 53.1% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €29k ▼37.4%
Net result drops to €29k, the lowest in the series.
31-12
Financial
Equity above €100kEq €100k ▲36.7%
3 profitable years in a row build equity to €100k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €46k ▲58.6%
Operating result €68k, net result €46k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.36
Current ratio from 0.68 to 1.36.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Destelbergen · 1 establishment unit since 2021
Ground area
211 m²
Building footprint
76 m²
Volume, LiDAR
400 m³
Parcel 44028C0197/00D000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Frietheus
since 20212.323.773.372
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028C0197/00D000 | Flanders | 211 m² | 1 · 76 m² | 6.1 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 siteDestelbergen2.323.773.372
Similar companies · same sector, comparable size
EVART
BE 0755.548.638
Froidchapelle · Eq €100,214
L'EPEE GOURMANDE
BE 0632.729.416
Verviers · Eq €100,202
ALTIN
BE 0427.635.089
Elsene · Eq €100,313
MnM Frietjes
BE 0695.422.494
Linter · Eq €100,200
JAFFA-FOOD
BE 0660.970.074
Brussel · Eq €100,197
Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,813 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
vdknathan@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.