Frit-Time
ActiveThe computed 12-month bankruptcy probability of Frit-Time is 1.7% (moderate). The 2025 annual accounts show equity of €54k and a net result of €20k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 13044 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
64
/ 100
Healthy▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+64
Solvency46▲+31
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.6 in 2024), and 64.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
35.2%
Return on assets
12.9%
Age of the figures
8 mo
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
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 29-07-2026, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
2 d early
2024
30 d early
2023
91 d early
2022
32 d late
2021
1 d late
2020
31 d early
2019
68 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▲ 57.5%
2024 · €34k
2019: €24k
2020: €54k
2021: €60k
2022: €61k
2023: €32k
2024: €34k
2019 → 2025
Total assets
€153k▼ 13.1%
2024 · €176k
2019: €136k
2020: €148k
2021: €218k
2022: €174k
2023: €125k
2024: €176k
2019 → 2025
Net result
€20k▲ 702%
2024 · €2k
2019: €11k
2020: €30k
2021: €6k
2022: €1k
2023: €-29k
2024: €2k
2019 → 2025
Working capital
€-19k▲ 46.8%
2024 · €-35k
2019: €-12k
2020: €469
2021: €-40k
2022: €-26k
2023: €-53k
2024: €-35k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€61k▲ 2.3%€32k▼ 48.0%€34k▲ 7.7%€54k▲ 57.5%
Operating result€19k-€10k▼ 48.6%€-24k€7k€26k▲ 290%
Net result€6k-€1k▼ 77.5%€-29k€2k€20k▲ 702%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 290% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€128k▲ 3.2%
Current assets
€25k▼ 51.9%
Equity and liabilities €153k
Equity
€54k▲ 57.5%
Debt
€99k▼ 30.1%
The debt ratio falls from 80.5% to 64.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€52k▲
2024 · €20k
Cash flow
€45k▲
2024 · €15k
Solvency
35.2%▲
2024 · 19.5%
Current ratio
0.57▼
2024 · 0.60
Quick ratio
0.52▼
2024 · 0.57
Debt / equity
1.84▼
2024 · 4.14
ROE
36.5%▲
2024 · 7.2%
ROA
12.9%▲
2024 · 1.4%
Interest coverage
8.31▲
2024 · 4.08
Debt
€99k▼
2024 · €142k
Debt ≤ 1 year
€44k▼
2024 · €87k
Debt > 1 year
€55k▲
2024 · €55k
Staff costs
€60k▼
2024 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€176k€153k▼
Fixed assets21/28€124k€128k▲
Tangible fixed assets22/27€121k€125k▲
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€18k€37k▲
Other tangible fixed assets26€84k€74k▼
Financial fixed assets28€3k€3k=
Current assets29/58€52k€25k▼
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€44k€17k▼
Trade receivables40€44k€2k▼
Other amounts receivable41€201€15k▲
Cash at bank and in hand54/58€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€176k€153k▼
Equity10/15€34k€54k▲
Contributions10/11€13k€13k=
Reserves13€45k€49k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€45k€49k▲
Profit (loss) carried forward14€-24k€-7k▲
Amounts payable17/49€142k€99k▼
Amounts payable after more than one year17€55k€55k▲
Financial debts170/4€55k€55k▲
Amounts payable within one year42/48€87k€44k▼
Current portion of amounts payable after more than one year42€14k€26k▲
Trade debts44€65k€10k▼
Suppliers440/4€65k€10k▼
Advances received on contracts in progress46€16€50▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€3k€1k▼
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€71k€60k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€26k▲
Other operating charges640/8€1k€7k▲
Non-recurring operating charges66A€937€0▼
Gross operating margin9900€93k€118k▲
Operating profit (loss)9901€7k€26k▲
Financial income75/76B€641€30▼
Recurring financial income75€641€30▼
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€2k€20k▲
Profit (loss) for the period9904€2k€20k▲
Profit (loss) for the period to be appropriated9905€2k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-7k▲
Profit (loss) brought forward from the previous period14P€-29k€-27k▲
Transfer from equity791/2€3k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-29k ▼2254%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €30k ▲173%
Operating result €44k, net result €30k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2024
Cindy Van Goethem
CurrentDirector · since 03-07-2024
Marino De Schrijver
CurrentDirector · since 03-07-2024
03-07-2024
Cindy Van Goethem: Appointed as Director
03-07-2024
Marino De Schrijver: Appointed as Director
03-07-2024
Wouter De Bie: Resigned as Director
Location & real-estate footprint
Registered office, Keerbergen · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schrieksebaan 853140 KeerbergenGround area
509 m²
Building footprint
103 m²
Volume, LiDAR
528 m³
Parcel 24048D0259/00Y000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Frit-Time
since 20182.278.265.328
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048D0259/00Y000 | Flanders | 509 m² | 1 · 103 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteKeerbergen2.278.265.328
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 9,726 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2018
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.