FRITAS
ActiveThe computed 12-month bankruptcy probability of FRITAS is 13.7% (high). The 2025 annual accounts show equity of €58k and a net result of €-196k. Equity is growing by ~39% per year across the filed fiscal years. Its solvency ranks better than 34% of 810 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
16
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-81
Solvency39▼-31
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
13.7%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.32 against 2.16 in 2024; short-term debt: 74.6% and cash: 0.1% of total assets), and 85.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+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 →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.1%
Return on assets
-48%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
99 d early
2023
78 d early
2022
130 d early
2021
94 d early
2020
34 d early
2019
176 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.58M▲ 21.5%
2021 · €1.30M
2021: €1.30M
2021 → 2022
EBIT margin
5.7%▼ 4.5pp
2021 · 10.2%
2021: 10.2%
2021 → 2022
Net result
€-196k
2024 · €98k
2019: €22k
2020: €-5k
2021: €112k
2022: €89k
2023: €88k
2024: €98k
2019 → 2025
Working capital
€98k▼ 69.4%
2024 · €320k
2019: €-132k
2020: €-173k
2021: €-5k
2022: €46k
2023: €165k
2024: €320k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.30M-€1.58M▲ 21.5%
Equity€163k-€252k▲ 54.4%€340k▲ 35.0%€438k▲ 28.8%€58k▼ 86.8%
Operating result€133k-€91k▼ 31.8%€100k▲ 10.6%€141k▲ 40.8%€-185k
Net result€112k-€89k▼ 21.1%€88k▼ 0.5%€98k▲ 11.1%€-196k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €185k after €141k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €408k
Fixed assets
€5k▼ 98.6%
Current assets
€402k▼ 32.5%
Equity and liabilities €408k
Equity
€58k▼ 86.8%
Debt
€350k▼ 34.9%
The debt ratio rises from 55.1% to 85.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-138k▼
2024 · €199k
Cash flow
€-149k▼
2024 · €156k
Solvency
14.1%▼
2024 · 44.9%
Current ratio
1.32▼
2024 · 2.16
Quick ratio
1.32▼
2024 · 2.01
Debt / equity
6.07▲
2024 · 1.23
ROE
-339.2%▼
2024 · 22.4%
ROA
-48.0%▼
2024 · 10.0%
Interest coverage
-12.57▼
2024 · 10.19
Debt
€350k▼
2024 · €538k
Debt ≤ 1 year
€304k▲
2024 · €276k
Debt > 1 year
€45k▼
2024 · €86k
Staff costs
€224k▼
2024 · €330k
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€976k€408k▼
Fixed assets21/28€380k€5k▼
Intangible fixed assets21€50k-
Tangible fixed assets22/27€330k€5k▼
Land and buildings22€5k€5k=
Plant, machinery and equipment23€0-
Furniture and vehicles24€65k-
Leasing and similar rights25€0-
Other tangible fixed assets26€259k-
Financial fixed assets28€479-
Current assets29/58€596k€402k▼
Stocks and contracts in progress3€40k-
Stocks30/36€40k-
Amounts receivable within one year40/41€522k€396k▼
Trade receivables40€13k€1k▼
Other amounts receivable41€509k€394k▼
Cash at bank and in hand54/58€32k€504▼
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€976k€408k▼
Equity10/15€438k€58k▼
Contributions10/11€19k€5k▼
Reserves13€419k€53k▼
Distributable reserves133€419k€53k▼
Profit (loss) carried forward14€313-
Amounts payable17/49€538k€350k▼
Amounts payable after more than one year17€86k€45k▼
Financial debts170/4€86k€45k▼
Amounts payable within one year42/48€276k€304k▲
Current portion of amounts payable after more than one year42€46k€14k▼
Financial debts43€27k€35k▲
Credit institutions430/8€27k€35k▲
Trade debts44€88k€204k▲
Suppliers440/4€88k€204k▲
Taxes, remuneration and social security45€86k€42k▼
Taxes450/3€50k€11k▼
Remuneration and social security454/9€36k€30k▼
Other amounts payable47/48€30k€10k▼
Accrued charges and deferred income492/3€175k€498▼
Income statement
Code20242025
Remuneration, social security and pensions62€330k€224k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€47k▼
Other operating charges640/8€10k€7k▼
Gross operating margin9900€539k€93k▼
Operating profit (loss)9901€141k€-185k▼
Financial income75/76B€1€4▲
Recurring financial income75€1€4▲
Financial charges65/66B€20k€11k▼
Recurring financial charges65€20k€11k▼
Profit (loss) for the period before taxes9903€122k€-196k▼
Income taxes67/77€24k-
Profit (loss) for the period9904€98k€-196k▼
Profit (loss) for the period to be appropriated9905€98k€-196k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€-60k▼
Profit (loss) brought forward from the previous period14P€447€136k▲
Transfer from equity791/2-€60k
Transfer to equity691/2€98k-
To other reserves6921€98k-
Social balance
Average headcount (FTE)908712.811.8▼
The notes to these accounts (17 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €-196k ▼300%
Net result drops to €-196k, the lowest in the series.
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-09
Financial
Equity above €200kEq €252k ▲54.4%
2 profitable years in a row build equity to €252k.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €112k
Net result €112k after one loss-making year.
30-09
Financial
Equity above €150kEq €163k ▲356%
Equity rises from €36k to €163k.
27-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
25-09-2019
Francis GRANDRATH: Resigned as Managing director
25-09-2019
Vincent BERTOUX: Resigned as Managing director
Location & real-estate footprint
Registered office, Soumagne · 10 establishment units since 2019
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.
Rue Vaux(CER) 954632 SoumagneGround area
2.9 ha
Building footprint
3,243 m²
Volume, LiDAR
15,451 m³
11 parcels, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
10 establishment units
@ SNACK 10
since 20192.283.844.016
@ SNACK 9
since 20192.283.844.214
@ SNACK
since 20192.283.844.313
@ SNACK 7 SPA 2
since 20192.283.844.412
@ SNACK 4
since 20192.283.844.511
@ SNACK 5
since 20192.283.844.610
Show 4 more locations
@ SNACK 6
since 20192.283.844.808
@ SNACK 2
since 20192.283.844.907
@ SNACK 11
since 20202.308.305.931
Fritas
since 20232.350.195.578
11 parcels
Wallonia
11
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63014A0664/00F000 | Wallonia | 1.7 ha | 1 · 175 m² | 5.8 m · 2 fl. |
| 62079A1014/00E000 | Wallonia | 6,552 m² | 1 · 2,255 m² | 8.3 m · 1 fl. |
| 62021C0333/00D000 | Wallonia | 2,528 m² | 1 · 97 m² | 12.4 m · 3 fl. |
| 63076C0003/00Z004 | Wallonia | 1,485 m² | - | - |
| 63035A0069/00P000 | Wallonia | 335 m² | 1 · 94 m² | 12.7 m · 4 fl. |
| 63068B0477/00P003 | Wallonia | 204 m² | 1 · 183 m² | 6.9 m · 1 fl. |
| 63051B0124/00D000 | Wallonia | 173 m² | 1 · 198 m² | - |
| 63074B1453/00M000 | Wallonia | 109 m² | 1 · 78 m² | 10.3 m · 3 fl. |
| 63072G0529/00E000 | Wallonia | 80 m² | 1 · 47 m² | 14.3 m · 4 fl. |
| 63079A1437/02A002 | Wallonia | 69 m² | 1 · 54 m² | 13.6 m · 4 fl. |
| 63020A0767/00E000 | Wallonia | 52 m² | 1 · 63 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 10
11 of 11 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
3 sitesJalhay2.308.305.931
Spa2.283.844.412
Theux2.350.195.578
Similar companies · same sector, comparable size
ELINA V
BE 0725.632.155
Rotselaar · Eq €58k
FRAMONS
BE 0755.720.070
Mons · Eq €58k
New-Quinta
BE 0760.554.927
Baelen · Eq €58k
Diba Petit Restaurant
BE 0643.455.933
Antwerpen · Eq €58k
F.J.A.
BE 0444.290.187
Trois-Ponts · Eq €58k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2018
Fiscal year end30-09
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
10850Manufacture of food products
47210Retail sale of fruit and vegetables
47810Retail trade
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.