Friethuis
ActiveSummary
The computed 12-month bankruptcy probability of Friethuis is 3.3% (moderate). The 2025 annual accounts show equity of €57k and a net result of €14k. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 13417 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-9
Solvency68▼-5
Growth78=
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.45 in 2024; short-term debt: 37.6% and cash: 0% of total assets), and 57.2% 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.
−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
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
42.8%
Return on assets
10.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
74 d early
2024
58 d early
2023
61 d early
2022
64 d early
2021
60 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▼ 2.0%
2024 · €58k
2021: €14klowest in 5 years
2022: €27k▲ +89.6% vs 2021
2023: €47k▲ +72.1% vs 2022
2024: €58k▲ +24.8% vs 2023highest in 5 years
2025: €57k▼ -2.0% vs 2024
2021 → 2025
Total assets
€134k▲ 9.9%
2024 · €122k
2021: €83klowest in 5 years
2022: €84k▲ +2.2% vs 2021
2023: €119k▲ +41.1% vs 2022
2024: €122k▲ +2.0% vs 2023
2025: €134k▲ +9.9% vs 2024highest in 5 years
2021 → 2025
Net result
€14k▼ 36.0%
2024 · €22k
2021: €13k
2022: €13k▼ -3.7% vs 2021lowest in 5 years
2023: €20k▲ +52.7% vs 2022
2024: €22k▲ +10.2% vs 2023highest in 5 years
2025: €14k▼ -36.0% vs 2024
2021 → 2025
Working capital
€-36k▼ 65.7%
2024 · €-22k
2021: €-14k
2022: €-9k▲ +32.4% vs 2021highest in 5 years
2023: €-25k▼ -163% vs 2022
2024: €-22k▲ +12.3% vs 2023
2025: €-36k▼ -65.7% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€27k▲ 89.6%€47k▲ 72.1%€58k▲ 24.8%€57k▼ 2.0%
2021: €14klowest in 5 years
2022: €27k▲ +89.6% vs 2021
2023: €47k▲ +72.1% vs 2022
2024: €58k▲ +24.8% vs 2023highest in 5 years
2025: €57k▼ -2.0% vs 2024
Operating result€20k-€18k▼ 11.0%€29k▲ 60.5%€32k▲ 10.1%€20k▼ 35.8%
2021: €20k
2022: €18k▼ -11.0% vs 2021lowest in 5 years
2023: €29k▲ +60.5% vs 2022
2024: €32k▲ +10.1% vs 2023highest in 5 years
2025: €20k▼ -35.8% vs 2024
Net result€13k-€13k▼ 3.7%€20k▲ 52.7%€22k▲ 10.2%€14k▼ 36.0%
2021: €13k
2022: €13k▼ -3.7% vs 2021lowest in 5 years
2023: €20k▲ +52.7% vs 2022
2024: €22k▲ +10.2% vs 2023highest in 5 years
2025: €14k▼ -36.0% vs 2024
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 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€120k ▲ 15.7%
Current assets
€14k ▼ 21.7%
Equity and liabilities €134k
Equity
€57k ▼ 2.0%
Debt
€76k ▲ 20.9%
Debt's share of the balance-sheet total rises from 52.0% to 57.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48k▼
2024 · €54k
Cash flow
€42k▼
2024 · €44k
Current ratio
0.28▼
2024 · 0.45
Quick ratio
0.14▼
2024 · 0.28
Debt to equity
1.33▲
2024 · 1.08
ROE
24.2%▼
2024 · 37.0%
ROA
10.4%▼
2024 · 17.8%
Interest coverage
21.26▼
2024 · 33.82
Debt ≤ 1 year
€50k▲
2024 · €40k
Debt > 1 year
€26k▲
2024 · €23k
Income taxes
€5k▼
2024 · €9k
Staff costs
€56k▲
2024 · €39k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€122k€134k▲
Formation expenses20€252-
Fixed assets21/28€103k€120k▲
Tangible fixed assets22/27€103k€119k▲
Plant, machinery and equipment23€103k€105k▲
Furniture and vehicles24-€504
Leasing and similar rights25-€13k
Financial fixed assets28€500€500=
Current assets29/58€18k€14k▼
Stocks and contracts in progress3€7k€7k▲
Stocks30/36€7k€7k▲
Amounts receivable within one year40/41€3k€4k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€5k€53▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€122k€134k▲
Equity10/15€58k€57k▼
Contributions10/11€1k€1k=
Reserves13€100€100=
Non-distributable reserves130/1€100-
Reserves not available under the articles1311€100-
Distributable reserves133-€100
Profit (loss) carried forward14€57k€56k▼
Amounts payable17/49€63k€76k▲
Amounts payable after more than one year17€23k€26k▲
Financial debts170/4€23k€26k▲
Amounts payable within one year42/48€40k€50k▲
Current portion of amounts payable after more than one year42€12k€20k▲
Trade debts44€19k€22k▲
Suppliers440/4€19k€22k▲
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Other amounts payable47/48€3k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€39k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€28k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€95k€105k▲
Operating profit (loss)9901€32k€20k▼
Financial income75/76B€173€386▲
Recurring financial income75€173€386▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€30k€18k▼
Income taxes67/77€9k€5k▼
Profit (loss) for the period9904€22k€14k▼
Profit (loss) for the period to be appropriated9905€22k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€71k▲
Profit (loss) brought forward from the previous period14P€46k€57k▲
Profit to be distributed694/7€10k€15k▲
Directors or managers695€10k€15k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €20k | €39k | €56k | ▲ 43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €15k | €19k | €23k | €28k | ▲ 22.6% |
| Other operating charges640/8 | €252 | €1k | €1k | €1k | €1k | ▲ 11.3% |
| Gross operating margin9900 | €27k | €34k | €68k | €95k | €105k | ▲ 11.3% |
| Operating profit (loss)9901 | €20k | €18k | €29k | €32k | €20k | ▼ 35.8% |
| Financial income75/76B | €3 | - | - | €173 | €386 | ▲ 123% |
| Recurring financial income75 | €3 | - | - | €173 | €386 | ▲ 123% |
| Financial charges65/66B | €3k | €1k | €2k | €2k | €2k | ▲ 41.0% |
| Recurring financial charges65 | €3k | €1k | €2k | €2k | €2k | ▲ 41.0% |
| Profit (loss) for the period before taxes9903 | €17k | €17k | €27k | €30k | €18k | ▼ 39.0% |
| Income taxes67/77 | €4k | €4k | €7k | €9k | €5k | ▼ 46.5% |
| Profit (loss) for the period9904 | €13k | €13k | €20k | €22k | €14k | ▼ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €13k | €13k | €20k | €22k | €14k | ▼ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83k | €84k | €119k | €122k | €134k | ▲ 9.9% |
| Formation expenses20 | €1k | €756 | €504 | €252 | - | - |
| Fixed assets21/28 | €72k | €72k | €106k | €103k | €120k | ▲ 15.7% |
| Tangible fixed assets22/27 | €72k | €71k | €106k | €103k | €119k | ▲ 15.8% |
| Plant, machinery and equipment23 | €72k | €71k | €106k | €103k | €105k | ▲ 2.2% |
| Furniture and vehicles24 | - | - | - | - | €504 | - |
| Leasing and similar rights25 | - | - | - | - | €13k | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €10k | €12k | €13k | €18k | €14k | ▼ 21.7% |
| Stocks and contracts in progress3 | €5k | €6k | €7k | €7k | €7k | ▲ 6.0% |
| Stocks30/36 | €5k | €6k | €7k | €7k | €7k | ▲ 6.0% |
| Amounts receivable within one year40/41 | €726 | €611 | €2k | €3k | €4k | ▲ 34.1% |
| Trade receivables40 | - | - | €60 | - | - | - |
| Other amounts receivable41 | €726 | €611 | €2k | €3k | €4k | ▲ 34.1% |
| Cash at bank and in hand54/58 | €3k | €3k | €2k | €5k | €53 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | €737 | €2k | €3k | €3k | €3k | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83k | €84k | €119k | €122k | €134k | ▲ 9.9% |
| Equity10/15 | €14k | €27k | €47k | €58k | €57k | ▼ 2.0% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | €100 | - | - |
| Reserves not available under the articles1311 | €100 | €100 | €100 | €100 | - | - |
| Distributable reserves133 | - | - | - | - | €100 | - |
| Profit (loss) carried forward14 | €13k | €26k | €46k | €57k | €56k | ▼ 2.0% |
| Amounts payable17/49 | €68k | €57k | €72k | €63k | €76k | ▲ 20.9% |
| Amounts payable after more than one year17 | €45k | €36k | €35k | €23k | €26k | ▲ 11.9% |
| Financial debts170/4 | €45k | €36k | €35k | €23k | €26k | ▲ 11.9% |
| Amounts payable within one year42/48 | €24k | €21k | €38k | €40k | €50k | ▲ 26.2% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €11k | €12k | €20k | ▲ 73.1% |
| Trade debts44 | €2k | €3k | €9k | €19k | €22k | ▲ 19.0% |
| Suppliers440/4 | €2k | €3k | €9k | €19k | €22k | ▲ 19.0% |
| Taxes, remuneration and social security45 | €5k | €8k | €12k | €7k | €3k | ▼ 49.9% |
| Taxes450/3 | €5k | €8k | €12k | €7k | €3k | ▼ 49.9% |
| Other amounts payable47/48 | €8k | €1k | €5k | €3k | €5k | ▲ 64.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €13k | €20k | €22k | €14k | ▼ 36.0% |
| + Depreciation and write-downs630 | €6k | €15k | €19k | €23k | €28k | ▲ 22.6% |
| Operating cash flow (approximation) | €20k | €27k | €38k | €44k | €42k | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €-14k | €-53k | €-20k | €-44k | ▼ 120% |
| Change in cash | - | €305 | €-2k | €4k | €-5k | ▼ 239% |
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
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €22k ▲10.2%
Operating result €32k, net result €22k, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €13k ▼3.7%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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.
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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, Ninove · 1 establishment unit since 2021
Ground area
2,123 m²
Building footprint
262 m²
Parcel 41012C1646/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Friethuis
since 20212.309.890.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41012C1646/00F000 | Flanders | 2,123 m² | 1 · 262 m² | - |
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 siteNinove2.309.890.395
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,325 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
Founded30-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.