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FRITHU

Inactive
KBO/BCE: BE 0645.724.941

FRITHU was declared bankrupt on 21-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 10-09-2024, published in the Belgian State Gazette on 13-09-2024.

Summary

Inactive; last annual accounts for fiscal year 2019.

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filings
Position against the passed deadline
31-12-2020 close31-07-2021 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 30-06-2020, 31 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

History

FRITHU has filed 4 sets of annual accounts, the latest for fiscal year 2019.1 The company was declared bankrupt on 21 September 2023; the bankruptcy was closed on 10 September 2024.23

  1. 1National Bank, annual accounts 2019
  2. 2Belgian State Gazette, 27-09-2023
  3. 3Belgian State Gazette, 13-09-2024

Financials · fiscal year 2019, abbreviated schema

Equity
€6,798
2018 · -€15,801
Total assets
€30,607
Net result
€22,599
2018 · -€1,001
Working capital
€6,798
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019
Operating result-€952-€23,068
Net result-€1,001-€22,599
Equity-€15,801-€6,798
Total assets€30,607
Debt€15,801-€23,809▲ 50.7%
Working capital€6,798
Staff (FTE)0.9
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2018: -€952-€952Net result 2018: -€1,001-€1,001Operating result 2019: €23,068€23,068Net result 2019: €22,599€22,59920182019-€10,000€0€10,000€20,000Operating result 2018: -€952-€952Net result 2018: -€1,001-€1,000Operating result 2019: €23,068€23,100Net result 2019: €22,599€22,60020182019
The operating result returns to profit in 2019: €23,068 after a loss of €952 in 2018.
Balance-sheet composition
Equity and liabilities €30,607
Equity €6,798
Debt €23,809
Debt finances 77.8% of the balance-sheet total.
Key figures and ratios
2019 value · change against 2018
Current ratio
1.29
ROE
332.4%
ROA
73.8%
Debt ≤ 1 year
€23,809▲
2018 · €15,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2019 against 2018 · 18 lines
Balance sheet Code20182019
Assets
Total assets20/58-€30,607
Current assets29/58-€30,607
Amounts receivable within one year40/41-€25,000
Cash at bank and in hand54/58-€5,607
Equity and liabilities
Total equity and liabilities10/49-€30,607
Equity10/15-€15,801€6,798▲
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€45,801-€23,202▲
Amounts payable17/49€15,801€23,809▲
Amounts payable within one year42/48€15,801€23,809▲
Trade debts44€952€8,571▲
Income statement Code20182019
Gross operating margin9900-€599€56,389▲
Operating profit (loss)9901-€952€23,068▲
Recurring financial income75-€47
Recurring financial charges65€49€517▲
Profit (loss) for the period before taxes9903-€1,001€22,599▲
Profit (loss) for the period9904-€1,001€22,599▲
Profit (loss) for the period to be appropriated9905-€1,001€22,599▲
Line20182019Change
Gross operating margin9900-€599€56,389▲ 9,515%
Operating profit (loss)9901-€952€23,068▲ 2,523%
Recurring financial income75-€47-
Recurring financial charges65€49€517▲ 950%
Profit (loss) for the period before taxes9903-€1,001€22,599▲ 2,357%
Profit (loss) for the period9904-€1,001€22,599▲ 2,357%
Profit (loss) for the period to be appropriated9905-€1,001€22,599▲ 2,357%
Line20182019Change
Assets
Total assets20/58-€30,607-
Current assets29/58-€30,607-
Amounts receivable within one year40/41-€25,000-
Cash at bank and in hand54/58-€5,607-
Equity and liabilities
Total equity and liabilities10/49-€30,607-
Equity10/15-€15,801€6,798▲ 143%
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€45,801-€23,202▲ 49.3%
Amounts payable17/49€15,801€23,809▲ 50.7%
Amounts payable within one year42/48€15,801€23,809▲ 50.7%
Trade debts44€952€8,571▲ 800%
Line20182019Change
Profit (loss) for the period9904-€1,001€22,599▲ 2,357%
Operating cash flow (approximation)-€1,001€22,599▲ 2,357%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
13-09
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 10-09-2024
2023
27-09
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 21-09-2023
2020
30-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €22,599
Net result €22,599 after one loss-making year.
21-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint

Insolvency mandates

1 mandate
Role Name Tenure
Curator MARTE DE CALUWé
MUSEUMSTRAAT 31-33 4, 2000 ANTWERPEN 1
21-09-2023 → 10-09-2024