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FRIMADES

Active
Public limited companyfounded 200520 yrs activeLeiestraat 62, 8792 Waregem, BelgiumKBO/BCE: BE 0877.018.570
Summary

FRIMADES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.4m and a net result of €98,801. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 1226 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysis Watch Report Compare
FRIMADESActiveChecked score 71/100
Risk analysis Report Compare

Checked score

Score 2025
71 / 100
Healthy
Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950,000 at 30 days acceptable
Liquidity ample (current ratio 20.5 against 12.58 in 2024; short-term debt: 4.9% and cash: 5.2% of total assets), and 4.9% 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○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
95.1%
Return on assets
0.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 · 10 filings
Deviation from the deadline
2025
74 d early
2024
45 d early
2023
89 d early
2022
59 d early
2021
61 d early
2020
73 d early
2019
73 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 68 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

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. Usually files around 31 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FRIMADES was incorporated on 31 October 2005.1 Total assets went from EUR 14 million in 2018 to EUR 14 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

In the rankings #7 company by equity in Waregem, Administrative and support services sector
Equity
€13.4m▲ 0.7%
2024 · €13.3m
Total assets
€14.1m▼ 2.5%
2024 · €14.5m
Net result
€98,801▲ 7.8%
2024 · €91,683
Working capital
€13.4m▲ 0.7%
2024 · €13.3m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€710,764▲ 14.1%€912,734▲ 28.4%€907,765▼ 0.5%€134,313▼ 85.2%€171,886▲ 28.0%
Net result€376,031above the sector's middle half▲ 16.8%€586,727above the sector's middle half▲ 56.0%€664,044above the sector's middle half▲ 13.2%€91,683within the sector's middle half▼ 86.2%€98,801above the sector's middle half▲ 7.8%
Equity€5.5mabove the sector's middle half▲ 7.4%€12.7mabove the sector's middle half▲ 133%€13.2mabove the sector's middle half▲ 3.6%€13.3mabove the sector's middle half▲ 0.7%€13.4mabove the sector's middle half▲ 0.7%
Total assets€14.6mabove the sector's middle half▲ 8.2%€15.5mabove the sector's middle half▲ 5.8%€14.5mabove the sector's middle half▼ 6.4%€14.5mabove the sector's middle half▼ 0.2%€14.1mabove the sector's middle half▼ 2.5%
Debt€9.2m▲ 8.7%€2.7m▼ 70.1%€1.3m▼ 53.4%€1.1m▼ 10.0%€687,170▼ 40.2%
Working capital€5.5mabove the sector's middle half▲ 7.4%€12.7mabove the sector's middle half▲ 133%€13.2mabove the sector's middle half▲ 3.6%€13.3mabove the sector's middle half▲ 0.7%€13.4mabove the sector's middle half▲ 0.7%
Solvency37.4%within the sector's middle half▼ 0.3pp82.3%above the sector's middle half▲ 44.9pp91.2%above the sector's middle half▲ 8.9pp92.1%above the sector's middle half▲ 0.9pp95.1%above the sector's middle half▲ 3.1pp
Current ratio1.60within the sector's middle half▼ 0.015.66above the sector's middle half▲ 4.0611.36above the sector's middle half▲ 5.7012.58above the sector's middle half▲ 1.2320.50above the sector's middle half▲ 7.92
Return on assets (ROA)2.6%within the sector's middle half▲ 0.2pp3.8%within the sector's middle half▲ 1.2pp4.6%within the sector's middle half▲ 0.8pp0.6%below the sector's middle half▼ 3.9pp0.7%within the sector's middle half▲ 0.1pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€250,000€500,000€750,000€1.0mOperating result 2021: €710,764€710,764Net result 2021: €376,031€376,031Operating result 2022: €912,734€912,734Net result 2022: €586,727€586,727Operating result 2023: €907,765€907,765Net result 2023: €664,044€664,044Operating result 2024: €134,313€134,313Net result 2024: €91,683€91,683Operating result 2025: €171,886€171,886Net result 2025: €98,801€98,80120212022202320242025€0€250,000€500,000€750,000€1mOperating result 2023: €907,765€908,000Net result 2023: €664,044€664,000Operating result 2024: €134,313€134,000Net result 2024: €91,683€91,700Operating result 2025: €171,886€172,000Net result 2025: €98,801€98,800202320242025
The operating result recovers in 2025; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €14.1m
Equity €13.4m ▲ 0.7%
Debt €687,170 ▼ 40.2%
Debt's share of the balance-sheet total falls from 7.9% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Quick ratio
2.75▲
2024 · 1.45
Debt to equity
0.05▼
2024 · 0.09
ROE
0.7%▲
2024 · 0.7%
Debt ≤ 1 year
€687,170▼
2024 · €1.1m
Income taxes
€33,292▲
2024 · €30,921
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
98% still going

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 1,860 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€14.5m€14.1m▼
Current assets29/58€14.5m€14.1m▼
Stocks and contracts in progress3€12.8m€12.2m▼
Stocks30/36€12.8m€12.2m▼
Amounts receivable within one year40/41€773,519€60,222▼
Trade receivables40€758,116€12,100▼
Other amounts receivable41€15,403€48,122▲
Current investments50/53€300,000€1.1m▲
Cash at bank and in hand54/58€589,958€730,903▲
Equity and liabilities
Total equity and liabilities10/49€14.5m€14.1m▼
Equity10/15€13.3m€13.4m▲
Contributions10/11€8.0m€8.0m=
Capital10€8.0m€8.0m=
Issued capital100€8.0m€8.0m=
Reserves13€5.3m€5.4m▲
Non-distributable reserves130/1€198,523€297,323▲
Legal reserve130€198,523€297,323▲
Distributable reserves133€5.1m€5.1m=
Amounts payable17/49€1.1m€687,170▼
Amounts payable within one year42/48€1.1m€687,170▼
Trade debts44€240,147€6,015▼
Suppliers440/4€240,147€6,015▼
Taxes, remuneration and social security45€153,138€8,392▼
Taxes450/3€144,799-
Remuneration and social security454/9€8,339€8,392▲
Other amounts payable47/48€755,135€672,763▼
Income statement Code20242025
Other operating charges640/8€6,194€6,060▼
Non-recurring operating charges66A-€1,392
Gross operating margin9900€140,506€179,337▲
Operating profit (loss)9901€134,313€171,886▲
Financial income75/76B€13,891€3,450▼
Recurring financial income75€13,891€3,450▼
Financial charges65/66B€25,599€43,243▲
Recurring financial charges65€25,599€43,243▲
Profit (loss) for the period before taxes9903€122,604€132,092▲
Income taxes67/77€30,921€33,292▲
Profit (loss) for the period9904€91,683€98,801▲
Profit (loss) for the period to be appropriated9905€91,683€98,801▲
Appropriation of the result
Profit (loss) to be appropriated9906€91,683€98,801▲
Transfer to equity691/2€91,683€98,801▲
To the legal reserve6920€4,584€98,801▲
To other reserves6921€87,099-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€12,900€200----
Other operating charges640/8€12,206€6,318€6,241€6,194€6,060▼ 2.2%
Non-recurring operating charges66A----€1,392-
Gross operating margin9900€722,971€919,053€914,005€140,506€179,337▲ 27.6%
Operating profit (loss)9901€710,764€912,734€907,765€134,313€171,886▲ 28.0%
Financial income75/76B€0€16,230€20,840€13,891€3,450▼ 75.2%
Recurring financial income75€0€16,230€20,840€13,891€3,450▼ 75.2%
Financial charges65/66B€208,943€143,508€32,673€25,599€43,243▲ 68.9%
Recurring financial charges65€208,943€143,508€32,673€25,599€43,243▲ 68.9%
Profit (loss) for the period before taxes9903€501,822€785,456€895,932€122,604€132,092▲ 7.7%
Income taxes67/77€125,791€198,729€231,887€30,921€33,292▲ 7.7%
Profit (loss) for the period9904€376,031€586,727€664,044€91,683€98,801▲ 7.8%
Profit (loss) for the period to be appropriated9905€376,031€586,727€664,044€91,683€98,801▲ 7.8%
Line20212022202320242025Change
Assets
Total assets20/58€14.6m€15.5m€14.5m€14.5m€14.1m▼ 2.5%
Current assets29/58€14.6m€15.5m€14.5m€14.5m€14.1m▼ 2.5%
Stocks and contracts in progress3€14.5m€14.0m€13.3m€12.8m€12.2m▼ 4.6%
Stocks30/36€14.5m€14.0m€13.3m€12.8m€12.2m▼ 4.6%
Amounts receivable within one year40/41€39,552€1.4m€640,777€773,519€60,222▼ 92.2%
Trade receivables40€15,343€36,300€267,367€758,116€12,100▼ 98.4%
Other amounts receivable41€24,209€1.3m€373,409€15,403€48,122▲ 212%
Current investments50/53--€450,000€300,000€1.1m▲ 267%
Cash at bank and in hand54/58€142,838€104,092€113,294€589,958€730,903▲ 23.9%
Equity and liabilities
Total equity and liabilities10/49€14.6m€15.5m€14.5m€14.5m€14.1m▼ 2.5%
Equity10/15€5.5m€12.7m€13.2m€13.3m€13.4m▲ 0.7%
Contributions10/11€1.3m€8.0m€8.0m€8.0m€8.0m=
Capital10€1.3m€8.0m€8.0m€8.0m€8.0m=
Issued capital100€1.3m€8.0m€8.0m€8.0m€8.0m=
Reserves13€4.2m€4.7m€5.2m€5.3m€5.4m▲ 1.9%
Non-distributable reserves130/1€131,400€160,736€193,939€198,523€297,323▲ 49.8%
Legal reserve130€131,400€160,736€193,939€198,523€297,323▲ 49.8%
Distributable reserves133€4.0m€4.6m€5.0m€5.1m€5.1m=
Amounts payable17/49€9.2m€2.7m€1.3m€1.1m€687,170▼ 40.2%
Amounts payable within one year42/48€9.2m€2.7m€1.3m€1.1m€687,170▼ 40.2%
Financial debts43€1.0m€640,000----
Credit institutions430/8€1.0m€640,000----
Trade debts44€4,110€5,575€154€240,147€6,015▼ 97.5%
Suppliers440/4€4,110€5,575€154€240,147€6,015▼ 97.5%
Taxes, remuneration and social security45€25,980€48,127€152,444€153,138€8,392▼ 94.5%
Taxes450/3€19,567€40,754€144,267€144,799--
Remuneration and social security454/9€6,413€7,373€8,177€8,339€8,392▲ 0.6%
Other amounts payable47/48€8.1m€2.0m€1.1m€755,135€672,763▼ 10.9%
Line20212022202320242025Change
Profit (loss) for the period9904€376,031€586,727€664,044€91,683€98,801▲ 7.8%
Operating cash flow (approximation)€376,031€586,727€664,044€91,683€98,801▲ 7.8%
Change in cash--€38,746€9,201€476,664€140,946▼ 70.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet €91,683 ▼86.2%
Net result drops to €91,683, the lowest in the series; recovery starts the following year.
03-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2018net €664,044 ▲13.2%
Net result €664,044, the highest in the series.
31-12
Financial Liquidity doublescurrent ratio 11.36
Current ratio from 5.66 to 11.36; short-term debt falls from €2.7m to €1.3m.
02-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Liquidity quadruplescurrent ratio 5.66
Current ratio from 1.60 to 5.66; short-term debt falls from €9.2m to €2.7m.
31-12
Financial Equity above €10mEq €12.7m ▲133%
5 profitable years in a row build equity to €12.7m.
31-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Equity above €5mEq €5.1m ▲6.7%
3 profitable years in a row build equity to €5.1m.
Show earlier events
19-05
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has 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
7 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, Waregem · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
456 m²
Building footprint
149 m²
Volume, LiDAR
710 m³
Parcel 34010A0705/00S002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Frimades
Leiestraat 62, 8792 WaregemNACE 70111
since 20052.150.081.808
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34010A0705/00S002 Flanders 456 m² 1 · 149 m² 9.8 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. TYBIM 99.93%
  2. FRIMADES

Highest known parent: TYBIM. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

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Identification & contact

Identification
Legal formPublic limited company
Founded31-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0877018570
Registered 11-03-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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