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FRITECH BG

Active
Private limited companyfounded 199926 yrs activeRue de Gouy(TR) 23, 6183 Courcelles, BelgiumKBO/BCE: BE 0469.059.039
Summary

FRITECH BG has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,244) and a net result of €3,570. Equity is shrinking by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 32341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisWatch ReportCompare
FRITECH BGActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45331
1 site
Size
€71,018total assets 2025
Equity
-€37,244
Profit
€3,570
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
1.1%
Structure
Accounts filed 19 d late0 of 2 deeds read
Why 53Capped at 59: negative equity- Negative equity -€37,244- Sector Specialised construction activities (NACE 43)+ Size: total assets €71,018+ Founded in 1999Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 21% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -52.4% of total assets
Liquidity 8-7
short-term debt 152.4% · cash 6.1%
Profitability 51+51
return on assets 5.0%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,046 companies)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● 0.0% vs 11-2024 01-2025: 1.5%▼ -1.5% vs 12-2024 02-2025: 1.5%● 0.0% vs 01-2025 03-2025: 1.5%● 0.0% vs 02-2025 04-2025: 1.5%▲ +0.9% vs 03-2025 05-2025: 1.5%▼ -2.3% vs 04-2025 06-2025: 1.4%▼ -3.8% vs 05-2025 07-2025: 1.5%▲ +5.5% vs 06-2025 08-2025: 1.8%▲ +23.6% vs 07-2025 09-2025: 1.9%▲ +2.3% vs 08-2025 10-2025: 1.9%● 0.0% vs 09-2025 11-2025: 1.9%● 0.0% vs 10-2025 12-2025: 1.9%● 0.0% vs 11-2025 01-2026: 1.9%▼ -1.0% vs 12-2025 02-2026: 1.9%● 0.0% vs 01-2026 03-2026: 1.8%▼ -2.7% vs 02-2026 04-2026: 1.8%▲ +0.2% vs 03-2026 05-2026: 1.8%▼ -1.2% vs 04-2026 06-2026: 1.7%▼ -2.8% vs 05-2026 07-2026: 1.8%▲ +4.1% vs 06-2026 08-2026: 2.3%▲ +29.5% vs 07-2026highest value 09-2026: 1.1%▼ -53.3% vs 08-2026lowest value 10-2026: 1.1%● 0.0% vs 09-2026lowest value
  • Size: total assets €71,018 lowers the probability for this profile
  • Negative equity -€37,244 raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Founded in 1999 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.64 against 0.53 in 2024; short-term debt: 152.4% and cash: 6.1% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 5%, profitability 24%, growth against the median 53%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €71,018
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€37,244
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1999
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 32341 sector peers (2025).
NBB · sector comparison
Position among 32341 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
19 d late
2024
21 d late
2023
89 d late
2022
30 d late
2021
29 d late
2020
31 d late
2019
144 d late
← 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 52 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €3,570
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€37,244 View
  • Caution: Among the weakest 5% on solvencysector median 47.2% · 32,341 companies -52.4% View
  • Active since 1999founded 30-12-1999 26 years View

By topic

Financials

Fiscal year
2025
Total assets
€71,018
Profit
€3,570
Solvency
-52.4%
Total assets▲ 45.2%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 19-08-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 21-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
30-12-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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