FRIT-LIB
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 19 filings
Turnover
€1.0m▼ 1.2%
2020 · €1.0m
EBIT margin
6.9%▲ 1.2pp
2020 · 5.7%
Net result
€73,809▲ 2.7%
2024 · €71,897
Working capital
€237,247▲ 5.7%
2024 · €224,435
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€78,920
▲ 1.4%
2025
20182025
Net result
€73,809
▲ 2.7%
2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€189,412
▲ 7.9%
2025
middle half of the sector
20182025
Total assets
€268,824
▲ 10.1%
2025
middle half of the sector
20182025
Debt
€79,412
▲ 15.9%
2025
20182025
Working capital
€237,247
▲ 5.7%
2025
highest quarter of the sector
20182025
Solvency
70.5%
▼ 1.5pp
2025
highest quarter of the sector
20182025
Current ratio
8.51
▼ 3.88
2025
highest quarter of the sector
20182025
Return on assets (ROA)
27.5%
▼ 2.0pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.9m-€0.9m▲ 2.8%€1.0m▲ 13.8%€1.0m▼ 1.2%
Operating result€0.06m-€0.08m▲ 20.3%€0.06m▼ 21.3%€0.07m▲ 18.9%€0.08m▲ 12.1%€0.07m▼ 5.8%€0.08m▲ 4.5%€0.08m▲ 1.4%
Net result€0.06m-€0.07m▲ 19.6%€0.06mabove the sector's middle half▼ 20.2%€0.06mwithin the sector's middle half▲ 15.9%€0.07mabove the sector's middle half▲ 10.5%€0.07mabove the sector's middle half▼ 4.7%€0.07mabove the sector's middle half▲ 6.2%€0.07mabove the sector's middle half▲ 2.7%
EBIT margin7.0%-8.2%▲ 1.2pp5.7%▼ 2.5pp6.9%▲ 1.2pp
Equity€0.08m-€0.1m▲ 16.3%€0.1mwithin the sector's middle half▲ 7.7%€0.1mwithin the sector's middle half▲ 15.6%€0.1mwithin the sector's middle half▲ 17.5%€0.2mwithin the sector's middle half▲ 12.5%€0.2mwithin the sector's middle half▲ 10.6%€0.2mwithin the sector's middle half▲ 7.9%
Total assets€0.1m-€0.1m▲ 21.6%€0.2mwithin the sector's middle half▲ 3.1%€0.2mwithin the sector's middle half▲ 20.5%€0.2mwithin the sector's middle half▲ 19.6%€0.2mwithin the sector's middle half▲ 0.2%€0.2mwithin the sector's middle half▲ 11.3%€0.3mwithin the sector's middle half▲ 10.1%
Debt€0.04m-€0.05m▲ 33.2%€0.05m▼ 5.7%€0.06m▲ 30.8%€0.08m▲ 23.6%€0.06m▼ 22.1%€0.07m▲ 13.2%€0.08m▲ 15.9%
Working capital€0.09m-€0.1m▲ 29.5%€0.1mabove the sector's middle half▲ 1.4%€0.2mabove the sector's middle half▲ 25.4%€0.2mabove the sector's middle half▲ 1.7%€0.2mabove the sector's middle half▲ 15.8%€0.2mabove the sector's middle half▲ 26.0%€0.2mabove the sector's middle half▲ 5.7%
Solvency68.4%-65.4%▼ 3.0pp68.3%above the sector's middle half▲ 3.0pp65.6%above the sector's middle half▼ 2.7pp64.5%above the sector's middle half▼ 1.2pp72.4%above the sector's middle half▲ 7.9pp71.9%above the sector's middle half▼ 0.5pp70.5%above the sector's middle half▼ 1.5pp
Current ratio4.13-5.19▲ 1.064.86above the sector's middle half▼ 0.335.77above the sector's middle half▲ 0.923.37above the sector's middle half▼ 2.415.33above the sector's middle half▲ 1.9612.39above the sector's middle half▲ 7.068.51above the sector's middle half▼ 3.88
Return on assets (ROA)47.9%-47.1%▼ 0.8pp36.5%above the sector's middle half▼ 10.6pp35.1%above the sector's middle half▼ 1.4pp32.4%above the sector's middle half▼ 2.7pp30.9%above the sector's middle half▼ 1.6pp29.4%above the sector's middle half▼ 1.4pp27.5%above the sector's middle half▼ 2.0pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 1% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €268,824
Equity
€189,412 ▲ 7.9%
Debt
€79,412 ▲ 15.9%
Debt's share of the balance-sheet total rises from 28.1% to 29.5%. Equity and debt are higher.
Key figures and ratios
Quick ratio
8.17▼
2024 · 11.77
Debt to equity
0.42▲
2024 · 0.39
ROE
39.0%▼
2024 · 40.9%
Debt ≤ 1 year
€31,577▲
2024 · €19,704
Income taxes
€3,452▼
2024 · €4,224
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.9m | €0.9m | €1.0m | €1.0m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €148 | €205 | €0.001m | €0.001m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.0m | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €274 | ▼ 60.7% |
| Gross operating margin9900 | €0.06m | €0.08m | €0.06m | €0.07m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 0.8% |
| Operating profit (loss)9901 | €0.06m | €0.08m | €0.06m | €0.07m | €0.08m | €0.07m | €0.08m | €0.08m | ▲ 1.4% |
| Financial income75/76B | - | - | - | - | €1 | €42 | €4 | €0 | ▼ 99.8% |
| Recurring financial income75 | €57 | - | - | - | €1 | €42 | €4 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €0.002m | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 4.3% |
| Recurring financial charges65 | €0.002m | €0.002m | €0.002m | €0.002m | €0.003m | €0.002m | €0.002m | €0.002m | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.07m | €0.06m | €0.07m | €0.08m | €0.07m | €0.08m | €0.08m | ▲ 1.5% |
| Income taxes67/77 | €0.003m | €0.003m | €0.002m | €0.004m | €0.005m | €0.004m | €0.004m | €0.003m | ▼ 18.3% |
| Profit (loss) for the period9904 | €0.06m | €0.07m | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.07m | ▲ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.07m | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.07m | ▲ 2.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €121,177 | €147,354 | €151,884 | €182,948 | €218,808 | €219,256 | €244,139 | €268,824 | ▲ 10.1% |
| Current assets29/58 | €121,177 | €147,354 | €151,884 | €182,948 | €218,808 | €219,256 | €244,139 | €268,824 | ▲ 10.1% |
| Stocks and contracts in progress3 | - | €33,469 | €10,069 | €4,116 | €3,495 | €2,710 | €12,125 | €10,775 | ▼ 11.1% |
| Stocks30/36 | - | - | - | €4,116 | €3,495 | €2,710 | €12,125 | €10,775 | ▼ 11.1% |
| Amounts receivable within one year40/41 | €15,441 | €22,317 | €30,408 | €132,012 | €149,772 | €132,704 | €127,845 | €124,915 | ▼ 2.3% |
| Other amounts receivable41 | - | - | - | €132,012 | €149,772 | €132,704 | €127,845 | €124,915 | ▼ 2.3% |
| Cash at bank and in hand54/58 | €104,983 | €90,794 | €110,630 | €46,074 | €64,657 | €82,874 | €103,901 | €132,992 | ▲ 28.0% |
| Deferred charges and accrued income490/1 | - | - | - | €747 | €884 | €968 | €268 | €141 | ▼ 47.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €121,177 | €147,354 | €151,884 | €182,948 | €218,808 | €219,256 | €244,139 | €268,824 | ▲ 10.1% |
| Equity10/15 | €82,883 | €96,356 | €103,802 | €120,042 | €141,030 | €158,705 | €175,603 | €189,412 | ▲ 7.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €76,683 | €90,156 | €97,602 | €113,842 | €134,830 | €152,505 | €152,505 | €152,505 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €111,982 | €132,970 | €150,645 | €150,645 | €150,645 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €16,897 | €30,707 | ▲ 81.7% |
| Amounts payable17/49 | €38,294 | €50,997 | €48,083 | €62,906 | €77,778 | €60,551 | €68,537 | €79,412 | ▲ 15.9% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €1,369 | - | - |
| Financial debts170/4 | - | - | - | - | - | - | €1,369 | - | - |
| Amounts payable within one year42/48 | €29,348 | €28,419 | €31,267 | €31,691 | €64,979 | €41,166 | €19,704 | €31,577 | ▲ 60.3% |
| Financial debts43 | - | - | - | €16,705 | €10,559 | €13,394 | €9,964 | €1,358 | ▼ 86.4% |
| Credit institutions430/8 | - | - | - | €16,705 | €10,559 | €13,394 | €9,964 | €1,358 | ▼ 86.4% |
| Trade debts44 | €9,114 | €15,003 | €15,610 | €13,920 | €53,354 | €27,353 | €9,097 | €29,994 | ▲ 230% |
| Suppliers440/4 | - | - | - | €13,920 | €53,354 | €27,353 | €9,097 | €29,994 | ▲ 230% |
| Taxes, remuneration and social security45 | - | - | - | €1,066 | €1,066 | €419 | €643 | €224 | ▼ 65.1% |
| Taxes450/3 | - | - | - | €1,066 | €1,066 | €419 | €643 | €224 | ▼ 65.1% |
| Accrued charges and deferred income492/3 | - | - | - | €31,215 | €12,799 | €19,385 | €47,463 | €47,835 | ▲ 0.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,065 | €69,474 | €55,445 | €64,240 | €70,988 | €67,675 | €71,897 | €73,809 | ▲ 2.7% |
| Operating cash flow (approximation) | €58,065 | €69,474 | €55,445 | €64,240 | €70,988 | €67,675 | €71,897 | €73,809 | ▲ 2.7% |
| Change in cash | - | -€14,189 | €19,835 | -€64,556 | €18,583 | €18,217 | €21,027 | €29,091 | ▲ 38.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as FRIT-LIB has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of FRIT-LIB itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for FRIT-LIB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 06-07-2026 | 2026-00281405 | |
| 31-12-2024 | full format | 09-07-2025 | 2025-00260422 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00172697 | |
| 31-12-2022 | full format | 09-06-2023 | 2023-00123968 | |
| 31-12-2021 | full format | 17-06-2022 | 2022-20082020 | |
| 31-12-2020 | full format | 01-07-2021 | 2021-30900547 | |
| 31-12-2019 | full format | 25-06-2020 | 2020-22600304 | |
| 31-12-2018 | full format | 26-06-2019 | 2019-26300204 | |
| 31-12-2017 | full format | 27-06-2018 | 2018-26700209 | |
| 31-12-2016 | full format | 30-06-2017 | 2017-27400189 |