Checked.be
Active
BE 0653.883.334Private limited company (pre-2019)
FRIME INVEST
Terhulpsesteenweg 120 ·1000 Brussel, Belgium· 10 yrs active
Conclusion
The KBO register records legal situation 050 for FRIME INVEST (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-114k) and a net result of €-28k.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-114k |
| Net result | €-28k |
| Active | 10 yrs |
| Locations | 1 |
Financial profile
36
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
48
Growth
32
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
0 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
35
2018
32
2019
43
2020
30
2021
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.14 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.01 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 25% (≥ 10%)
+10
Interest coverage
Interest coverage -4.8× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Bankruptcy
Open bankruptcy in the KBO legal situation
-60
Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-01-2023 with the NBB · fiscal year 2021 · micro schema
€-22k
-
18-21
€-28k
+72.7%
18-21
€-26k
+74.0%
18-21
€4.09M
+31.3%
18-21
€-114k
-33.2%
18-21
€496k
+36.7%
18-21
€4.21M
+31.3%
18-21
€3.60M
+30.7%
18-21
€602k
+33.7%
18-21
1.14
+0.5%
18-21
0.01
-24.0%
18-21
-2.8%
-1.5%
18-21
-37.05
-601.4%
18-21
25.0%
-79.5%
18-21
-0.7%
+79.2%
18-21
-4.77
-
18-21
Figures by fiscal year and ratios
| Fiscal year | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-22k | €10k | €-50k | €-4k |
| Net profit | €-28k | €-104k | €-111k | €-24k |
| Cash flow | €-26k | €-102k | €-109k | €-24k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €4.09M | €3.12M | €1.84M | €1.91M |
| Equity | €-114k | €-85k | €-92k | €-5k |
| Debt | €4.21M | €3.20M | €1.93M | €1.92M |
| of which ≤ 1y | €3.60M | €2.75M | €1.48M | €1.47M |
| of which > 1y | €602k | €450k | €450k | €450k |
| Working capital | €496k | €363k | €354k | €443k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|
| Current ratio | 1.14 | 1.13 | 1.24 | 1.30 |
| Quick ratio | 0.01 | 0.01 | 0.09 | 0.36 |
| Working capital ratio | 12.1% | 11.6% | 19.2% | 23.2% |
| Solvency | -2.8% | -2.7% | -5.0% | -0.3% |
| Debt / equity | -37.05 | -5.28 | -4.89 | -85.91 |
| Long-term debt ratio | -5.30 | -5.28 | -4.89 | -85.91 |
| Interest coverage | -4.77 | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -0.7% | -3.3% | -6.0% | -1.2% |
| ROE | 25.0% | 121.8% | 120.2% | 455.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2021
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €4.09M | €3.12M | €1.84M | €1.91M |
| Fixed assets | 21/28 | €97 | €2k | €4k | €2k |
| Tangible fixed assets | 22/27 | €97 | €2k | €4k | €2k |
| Current assets | 29/58 | €4.09M | €3.12M | €1.84M | €1.91M |
| Stocks & contracts in progress | 3 | €4.06M | €3.08M | €1.71M | €1.37M |
| Amounts receivable within one year | 40/41 | €30k | €30k | €113k | - |
| Investments | 50/53 | - | - | - | €534k |
| Cash & bank | 54/58 | €0 | €818 | €15k | - |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.09M | €3.12M | €1.84M | €1.91M |
| Equity | 10/15 | €-114k | €-85k | €-92k | €-5k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Accumulated profits (losses) | 14 | €-132k | €-104k | €-111k | €-24k |
| Amounts payable | 17/49 | €4.21M | €3.20M | €1.93M | €1.92M |
| Amounts payable after one year | 17 | €602k | €450k | €450k | €450k |
| Amounts payable within one year | 42/48 | €3.60M | €2.75M | €1.48M | €1.47M |
| Trade debts payable within one year | 44 | €38k | €224k | €70k | €200k |
| Income statement | |||||
| Gross operating margin | 9900 | €-16k | €13k | €-46k | €-316 |
| Operating result | 9901 | €-24k | €8k | €-52k | €-4k |
| Financial income | 75 | - | €584 | - | €184 |
| Financial charges | 65 | €5k | €2k | €38k | €4k |
| Result before taxes | 9903 | €-28k | €7k | €-87k | €-7k |
| Net result for the period | 9904 | €-28k | €7k | €-87k | €-7k |
| Result to be appropriated | 9905 | €-28k | €7k | €-87k | €-7k |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 10-05-2016 |
| Status | Active |
| Postal code | 1000 |
Establishment units
Frime invest
since 20162.260.249.557
Real-estate footprint
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0523/00K002 | Brussels | 5,039 m² | 1 · 1,939 m² | 33.6 m · 10 fl. |
| 21822R0417/00C000 | Brussels | 368 m² | 1 · 140 m² | 29.8 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2023
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 170 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
31-12
Financial
Weakest financial yearnet €-111k
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 126 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Names & trade names
| Legal nameFR | FRIME INVEST |