FROES RENOVATION
Open bankruptcyA bankruptcy procedure is open for FROES RENOVATION according to publications in the Belgian State Gazette; curator: Johan MOMMAERTS. The 2022 annual accounts show equity of €57k and a net result of €37k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, micro schema
Equity
€57k▲ 23.4%
2021 · €46k
2018: €1k
2019: €6k
2020: €23k
2021: €46k
2018 → 2022
Total assets
€107k▲ 78.0%
2021 · €60k
2018: €31k
2019: €36k
2020: €51k
2021: €60k
2018 → 2022
Net result
€37k▲ 57.9%
2021 · €23k
2018: €-5k
2019: €5k
2020: €17k
2021: €23k
2018 → 2022
Working capital
€57k▲ 23.4%
2021 · €46k
2018: €-680
2019: €4k
2020: €23k
2021: €46k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€1k-€6k▲ 383%€23k▲ 266%€46k▲ 101%€57k▲ 23.4%
Operating result€-5k-€7k€21k▲ 212%€33k▲ 59.9%€44k▲ 32.2%
Net result€-5k-€5k€17k▲ 235%€23k▲ 39.0%€37k▲ 57.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2022 is 32% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €107k
Equity
€57k▲ 23.4%
Debt
€50k▲ 264%
The debt ratio rises from 22.7% to 46.4%. Equity and debt are higher.
Key figures and ratios
Solvency
53.6%▼
2021 · 77.3%
Current ratio
2.15▼
2021 · 4.40
Quick ratio
2.15▼
2021 · 4.40
Debt / equity
0.87▲
2021 · 0.29
ROE
64.3%▲
2021 · 50.2%
ROA
34.4%▼
2021 · 38.8%
Debt
€50k▲
2021 · €14k
Debt ≤ 1 year
€50k▲
2021 · €14k
Income taxes
€9k▼
2021 · €10k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€60k€107k▲
Current assets29/58€60k€107k▲
Amounts receivable after more than one year29-€50k
Trade receivables290-€50k
Amounts receivable within one year40/41€60k€57k▼
Trade receivables40€49k€53k▲
Other amounts receivable41€11k€4k▼
Cash at bank and in hand54/58€606€99▼
Deferred charges and accrued income490/1-€105
Equity and liabilities
Total equity and liabilities10/49€60k€107k▲
Equity10/15€46k€57k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€40k€51k▲
Amounts payable17/49€14k€50k▲
Amounts payable within one year42/48€14k€50k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€9k€16k▲
Taxes450/3€8k€16k▲
Remuneration and social security454/9€600€600=
Other amounts payable47/48-€26k
Income statement
Code20212022
Non-recurring operating income76A-€760
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€500-
Other operating charges640/8€511€725▲
Gross operating margin9900€34k€45k▲
Operating profit (loss)9901€33k€44k▲
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€833€1k▲
Recurring financial charges65€833€1k▲
Profit (loss) for the period before taxes9903€33k€45k▲
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€23k€37k▲
Profit (loss) for the period to be appropriated9905€23k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€77k▲
Profit (loss) brought forward from the previous period14P€17k€40k▲
Profit to be distributed694/7-€26k
Directors or managers695-€26k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · FROES RENOVATION BV SINT- ANTONIUSLAAN 76, 1700 DILBEEK · event 18-11-2025
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 134 days late
2022
31-12
Financial
Highest result since 2018net €37k ▲57.9%
Operating result €44k, net result €37k, both a record.
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.40
Current ratio from 1.82 to 4.40; short-term debt falls from €28k to €14k.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
14-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 106 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Dilbeek · 1 establishment unit since 2017
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.
Sint-Antoniuslaan 761700 DilbeekGround area
222 m²
Building footprint
116 m²
Volume, LiDAR
903 m³
Parcel 23016D0238/00H002, Flanders · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FROES RENOVATION
since 20172.268.420.026
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016D0238/00H002 | Flanders | 222 m² | 1 · 116 m² | 9.3 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Johan MOMMAERTS SINT-MAARTENSTRAAT 53,
3000 LEUVEN |
18-11-2025 → present |
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,023 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-08-2017
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
43211General electrical installation work
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43410Roofing work
43990Other specialised construction activities
43995Specialised construction activities
43999Specialised construction activities
56309Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.