FRITS
Open bankruptcySummary
A bankruptcy procedure is open for FRITS according to publications in the Belgian State Gazette. The 2008 annual accounts show equity of €63,019 and a net result of €8,594.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Turnhout division
- Declared bankrupt
- 2 July 2019
- Supervising judge
- Jef Boiy
- Official Gazette
- 09-07-2019 (pdf) ↗search the document for 2019/137085
Curators
- Ludwig PeetersGerheiden 66, 2250 Oleninfo@profius.be
- Bart MannaertGerheiden 66, 2250 Oleninfo@profius.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2008, abbreviated schema
Turnover
€57,324▼ 13.0%
2007 · €65,868
EBIT margin
19.1%▼ 3.7pp
2007 · 22.8%
Net result
€8,594▲ 186%
2007 · €3,003
Working capital
€67,549▲ 37.0%
2007 · €49,299
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
Line20072008
Turnover€65,868-€57,324▼ 13.0%
Operating result€15,042-€10,953▼ 27.2%
Net result€3,003-€8,594▲ 186%
EBIT margin22.8%-19.1%▼ 3.7pp
Equity€54,426-€63,019▲ 15.8%
Total assets€271,141-€270,098▼ 0.4%
Debt€216,715-€199,579▼ 7.9%
Working capital€49,299-€67,549▲ 37.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2008; 2008 is 27% below 2007.
Balance-sheet composition
2008 in colour, 2007 as the grey bar beneath
Assets €270,098
Fixed assets
€147,733 ▼ 5.2%
Current assets
€122,365 ▲ 6.1%
Equity and liabilities €270,098
Equity
€63,019 ▲ 15.8%
Provisions
€7,500
Debt
€199,579 ▼ 7.9%
Debt's share of the balance-sheet total falls from 79.9% to 73.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,922▼
2007 · €23,831
Cash flow
€17,563▲
2007 · €11,792
Current ratio
2.23▲
2007 · 1.75
Quick ratio
0.74▲
2007 · 0.53
Debt to equity
2.30▼
2007 · 2.77
ROE
13.6%▲
2007 · 5.5%
ROA
3.2%▲
2007 · 1.1%
Debt ≤ 1 year
€54,816▼
2007 · €66,040
Debt > 1 year
€144,763▼
2007 · €150,675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Turnover70 | €65,868 | €57,324 | ▼ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,789 | €8,969 | ▲ 2.0% |
| Gross operating margin9900 | €13,726 | €31,813 | ▲ 132% |
| Operating profit (loss)9901 | €15,042 | €10,953 | ▼ 27.2% |
| Recurring financial income75 | €1 | €2 | ▲ 100% |
| Recurring financial charges65 | €11,458 | €8,028 | ▼ 29.9% |
| Profit (loss) for the period before taxes9903 | €3,003 | €8,594 | ▲ 186% |
| Profit (loss) for the period9904 | €3,003 | €8,594 | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €3,003 | €8,594 | ▲ 186% |
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €271,141 | €270,098 | ▼ 0.4% |
| Fixed assets21/28 | €155,802 | €147,733 | ▼ 5.2% |
| Tangible fixed assets22/27 | €146,699 | €138,630 | ▼ 5.5% |
| Financial fixed assets28 | €9,103 | €9,103 | = |
| Current assets29/58 | €115,339 | €122,365 | ▲ 6.1% |
| Stocks and contracts in progress3 | €80,539 | €81,639 | ▲ 1.4% |
| Amounts receivable within one year40/41 | €32,161 | €38,661 | ▲ 20.2% |
| Cash at bank and in hand54/58 | €2,519 | €2,065 | ▼ 18.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €271,141 | €270,098 | ▼ 0.4% |
| Equity10/15 | €54,426 | €63,019 | ▲ 15.8% |
| Contributions10/11 | €62,000 | €62,000 | = |
| Reserves13 | €689 | €1,019 | ▲ 47.9% |
| Profit (loss) carried forward14 | -€8,263 | -€11,266 | ▼ 36.3% |
| Provisions and deferred taxes16 | - | €7,500 | - |
| Amounts payable17/49 | €216,715 | €199,579 | ▼ 7.9% |
| Amounts payable after more than one year17 | €150,675 | €144,763 | ▼ 3.9% |
| Amounts payable within one year42/48 | €66,040 | €54,816 | ▼ 17.0% |
| Trade debts44 | €19,390 | €15,225 | ▼ 21.5% |
| Line | 2007 | 2008 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,003 | €8,594 | ▲ 186% |
| + Depreciation and write-downs630 | €8,789 | €8,969 | ▲ 2.0% |
| Operating cash flow (approximation) | €11,792 | €17,563 | ▲ 48.9% |
| Investment in fixed assets (approximation) | - | -€900 | - |
| Change in cash | - | -€454 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2019
09-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 02-07-2019
2010
01-03
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 394 days late
2008
28-01
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
21-02
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 21 days late
2006
31-01
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
25-04
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema · 84 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema · 450 days late
2003
04-06
NBB filing
Annual accounts filed
fiscal year 2001 · abbreviated schema · 489 days late
22-05
NBB filing
Annual accounts filed
fiscal year 2002 · abbreviated schema · 111 days late
2002
20-02
NBB filing
Annual accounts filed
fiscal year 2000 · abbreviated schema · 385 days late
1999
12-07
NBB filing
Annual accounts filed
fiscal year 1998 · abbreviated schema
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
Registered office, Olen · 1 establishment unit since 2000
Ground area
1,476 m²
Building footprint
276 m²
Volume, LiDAR
1,723 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FRITS
since 20002.017.523.586
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029E0056/00N000 | Flanders | 777 m² | 1 · 125 m² | 9.8 m · 2 fl. |
| 13029E0564/00B002 | Flanders | 699 m² | 1 · 151 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | LUDWIG PEETERS GERHEIDEN 66, 2250 OLEN- |
02-07-2019 → present |
| Curator | BART MANNAERT GERHEIDEN 66, 2250 OLEN- |
02-07-2019 → present |
Identification & contact
Identification
Legal formPublic limited company
Founded16-04-1980
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.