FRILIN
ActiveSummary
The computed 12-month bankruptcy probability of FRILIN is 2.2% (moderate). The 2024 annual accounts show equity of €68,459 and a net result of €4,506. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 2940 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+9
Solvency28▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.12 against 0.2 in 2023; short-term debt: 46.8% and cash: 2.8% of total assets), and 97.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2940 sector peers (2024).
NBB · sector comparisonPosition among 2940 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-02-2026, 190 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
190 d late
2023
107 d late
2022
101 d late
2021
143 d late
2020
88 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 125 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€68,459▲ 7.0%
2023 · €63,953
Total assets
€2.4m▲ 71.9%
2023 · €1.4m
Net result
€4,506▲ 168%
2023 · €1,684
Working capital
-€988,234▼ 127%
2023 · -€435,447
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
Line20202021202220232024
Operating result€24,181€57,279▲ 137%-€27,168€12,815€21,289▲ 66.1%
Net result€17,392above the sector's middle half€46,359above the sector's middle half▲ 167%-€35,808below the sector's middle half€1,684within the sector's middle half€4,506within the sector's middle half▲ 168%
Equity€51,718within the sector's middle half▲ 50.7%€98,077above the sector's middle half▲ 89.6%€62,269within the sector's middle half▼ 36.5%€63,953within the sector's middle half▲ 2.7%€68,459within the sector's middle half▲ 7.0%
Total assets€350,347above the sector's middle half▼ 5.7%€429,325above the sector's middle half▲ 22.5%€606,567above the sector's middle half▲ 41.3%€1.4mabove the sector's middle half▲ 129%€2.4mabove the sector's middle half▲ 71.9%
Debt€298,629▼ 11.4%€331,248▲ 10.9%€544,298▲ 64.3%€1.3m▲ 143%€2.3m▲ 75.0%
Working capital-€129,937below the sector's middle half▲ 10.0%-€111,918below the sector's middle half▲ 13.9%-€158,809below the sector's middle half▼ 41.9%-€435,447below the sector's middle half▼ 174%-€988,234below the sector's middle half▼ 127%
Solvency14.8%within the sector's middle half▲ 5.5pp22.8%within the sector's middle half▲ 8.1pp10.3%within the sector's middle half▼ 12.6pp4.6%within the sector's middle half▼ 5.7pp2.9%below the sector's middle half▼ 1.7pp
Current ratio0.06below the sector's middle half▲ 0.040.33below the sector's middle half▲ 0.270.21below the sector's middle half▼ 0.130.20below the sector's middle half▼ 0.010.12below the sector's middle half▼ 0.08
Return on assets (ROA)5.0%within the sector's middle half▲ 7.5pp10.8%within the sector's middle half▲ 5.8pp-5.9%within the sector's middle half▼ 16.7pp0.1%within the sector's middle half▲ 6.0pp0.2%within the sector's middle half▲ 0.1pp
Staff (FTE)0.5below the sector's middle half▼ 66.7%1▲ 100%1.2▲ 20.0%1.6▲ 33.3%1below the sector's middle half▼ 37.5%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 66% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.2m ▲ 75.1%
Current assets
€128,497 ▲ 20.6%
Equity and liabilities €2.4m
Equity
€68,459 ▲ 7.0%
Debt
€2.3m ▲ 75.0%
Debt's share of the balance-sheet total rises from 95.4% to 97.1%. Equity and debt are higher.
Key figures and ratios
Quick ratio
0.11▼
2023 · 0.19
Debt to equity
33.83▲
2023 · 20.69
ROE
6.6%▲
2023 · 2.6%
Debt ≤ 1 year
€1.1m▲
2023 · €541,994
Debt > 1 year
€1.2m▲
2023 · €781,500
Income taxes
€357▼
2023 · €458
Staff costs
€49,690▼
2023 · €51,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,375 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.2%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,375 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €28,990 | €38,547 | €51,625 | €49,690 | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,566 | €50,994 | €83,040 | €1,171 | - | - |
| Other operating charges640/8 | - | €5,423 | €2,623 | €7,570 | €7,651 | ▲ 1.1% |
| Gross operating margin9900 | €94,516 | €142,686 | €97,043 | €73,182 | €78,630 | ▲ 7.4% |
| Operating profit (loss)9901 | €24,181 | €57,279 | -€27,168 | €12,815 | €21,289 | ▲ 66.1% |
| Financial income75/76B | - | - | €138 | €570 | - | - |
| Recurring financial income75 | €184 | - | €138 | €570 | - | - |
| Financial charges65/66B | - | €4,829 | €8,230 | €11,243 | €16,426 | ▲ 46.1% |
| Recurring financial charges65 | €6,758 | €4,829 | €8,230 | €11,243 | €16,426 | ▲ 46.1% |
| Profit (loss) for the period before taxes9903 | €17,607 | €52,450 | -€35,261 | €2,142 | €4,863 | ▲ 127% |
| Income taxes67/77 | €215 | €6,091 | €548 | €458 | €357 | ▼ 22.1% |
| Profit (loss) for the period9904 | €17,392 | €46,359 | -€35,808 | €1,684 | €4,506 | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | €17,392 | €46,359 | -€35,808 | €1,684 | €4,506 | ▲ 168% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €350,347 | €429,325 | €606,567 | €1.4m | €2.4m | ▲ 71.9% |
| Formation expenses20 | €698 | - | - | €1,031 | €14,709 | ▲ 1,326% |
| Fixed assets21/28 | €341,024 | €373,279 | €564,933 | €1.3m | €2.2m | ▲ 75.1% |
| Intangible fixed assets21 | - | - | - | - | €1,000 | - |
| Tangible fixed assets22/27 | €340,844 | €373,099 | €564,753 | €1.3m | €2.2m | ▲ 75.0% |
| Land and buildings22 | - | €232,924 | €462,383 | €1.2m | €1.7m | ▲ 46.2% |
| Plant, machinery and equipment23 | - | €97,303 | €69,393 | €82,950 | €438,283 | ▲ 428% |
| Furniture and vehicles24 | - | €42,872 | €32,978 | €34,533 | €102,048 | ▲ 196% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €8,625 | €56,046 | €41,633 | €106,547 | €128,497 | ▲ 20.6% |
| Stocks and contracts in progress3 | €1,133 | €1,532 | €1,704 | €3,477 | €3,047 | ▼ 12.4% |
| Stocks30/36 | - | €1,532 | €1,704 | €3,477 | €3,047 | ▼ 12.4% |
| Amounts receivable within one year40/41 | €204 | €1,694 | €22,692 | €28,662 | €55,117 | ▲ 92.3% |
| Trade receivables40 | - | €787 | €16,301 | €9,299 | - | - |
| Other amounts receivable41 | - | €907 | €6,391 | €19,363 | €55,117 | ▲ 185% |
| Cash at bank and in hand54/58 | €7,287 | €52,820 | €17,237 | €68,182 | €67,015 | ▼ 1.7% |
| Deferred charges and accrued income490/1 | - | - | - | €6,226 | €3,318 | ▼ 46.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €350,347 | €429,325 | €606,567 | €1.4m | €2.4m | ▲ 71.9% |
| Equity10/15 | €51,718 | €98,077 | €62,269 | €63,953 | €68,459 | ▲ 7.0% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | - | €25,000 | €25,000 | - | - | - |
| Issued capital100 | - | €25,000 | €25,000 | - | - | - |
| Reserves13 | €37,459 | €72,459 | €72,459 | €72,459 | €72,459 | = |
| Tax-exempt reserves132 | - | €6,713 | €6,713 | €6,713 | €6,713 | = |
| Distributable reserves133 | - | €65,746 | €65,746 | €65,746 | €65,746 | = |
| Profit (loss) carried forward14 | -€10,741 | €618 | -€35,190 | -€33,506 | -€29,000 | ▲ 13.4% |
| Amounts payable17/49 | €298,629 | €331,248 | €544,298 | €1.3m | €2.3m | ▲ 75.0% |
| Amounts payable after more than one year17 | €160,068 | €163,284 | €343,856 | €781,500 | €1.2m | ▲ 53.5% |
| Financial debts170/4 | - | €163,284 | €343,856 | €781,500 | €1.2m | ▲ 53.5% |
| Amounts payable within one year42/48 | €138,561 | €167,964 | €200,442 | €541,994 | €1.1m | ▲ 106% |
| Current portion of amounts payable after more than one year42 | - | €38,904 | €51,722 | €38,807 | €88,351 | ▲ 128% |
| Financial debts43 | - | - | - | €12,973 | - | - |
| Credit institutions430/8 | - | - | - | €12,973 | - | - |
| Trade debts44 | €32,636 | €38,834 | €56,373 | €70,938 | €126,605 | ▲ 78.5% |
| Suppliers440/4 | - | €38,834 | €56,373 | €70,938 | €126,605 | ▲ 78.5% |
| Advances received on contracts in progress46 | - | - | - | - | €22,807 | - |
| Taxes, remuneration and social security45 | - | €10,064 | €13,566 | €6,944 | €9,087 | ▲ 30.9% |
| Taxes450/3 | - | €6,902 | €9,078 | €2,125 | €2,278 | ▲ 7.2% |
| Remuneration and social security454/9 | - | €3,162 | €4,487 | €4,819 | €6,809 | ▲ 41.3% |
| Other amounts payable47/48 | - | €80,162 | €78,781 | €412,331 | €869,881 | ▲ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,392 | €46,359 | -€35,808 | €1,684 | €4,506 | ▲ 168% |
| + Depreciation and write-downs630 | €39,566 | €50,994 | €83,040 | €1,171 | - | - |
| Operating cash flow (approximation) | €56,958 | €97,353 | €47,232 | €2,855 | €4,506 | ▲ 57.8% |
| Investment in fixed assets (approximation) | - | -€83,249 | -€274,695 | -€716,107 | -€961,353 | ▼ 34.2% |
| Change in cash | - | €45,533 | -€35,584 | €50,945 | -€1,167 | ▼ 102% |
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
2026
17-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 30-06-2026
- Registered-office move, Kaaskerkestraat 102, 8600 Diksmuide
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 190 days late
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 107 days late
2023
31-12
Financial
Back to profitnet €1,684
Net result €1,684 after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
31-12
Financial
Weakest financial yearnet -€35,808
Net result drops to -€35,808, the lowest in the series; recovery starts the following year.
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
2021
31-12
Financial
Highest result since 2018net €46,359 ▲167%
Operating result €57,279, net result €46,359, both a record.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €17,392
Net result €17,392 after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
Show earlier events
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have 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
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Diksmuide · 2 establishment units since 2013
Ground area
1,028 m²
Building footprint
456 m²
Volume, LiDAR
616 m³
2 parcels, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
FRILIN
since 20132.217.819.777
Maison Siesie
since 20252.372.022.063
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32473C0157/00F005 | Flanders | 716 m² | 1 · 268 m² | - |
| 38019C0020/00H000 | Flanders | 311 m² | 1 · 189 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2 sitesDiksmuide2.217.819.777
Diksmuide2.372.022.063
Similar companies · same sector, comparable size
XHONNEUX
BE 0772.322.314
Herve · Eq €68,462
JH&JL Agency
BE 0782.964.796
Wavre · Eq €68,463
De Frit-toet
BE 0731.986.942
Dilsen-Stokkem · Eq €68,451
POM'FRITES
BE 0474.414.132
Saint-Hubert · Eq €68,443
Taverne - restaurant De Berg
BE 0860.311.806
Scherpenheuvel-Zichem · Eq €68,476
Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 8,171 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
Founded20-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0524676958
Also
9925:BE0524676958
Registered
08-01-2026
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.