Froidbel
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 60% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €25,986 | €1,222 |
| Intangible fixed assets | €1,946 | - |
| Depreciation and write-downs of the year | €17,311 | €9,832 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,311 | €9,832 | ▼ 43.2% |
| Other operating charges640/8 | €2,130 | €919 | ▼ 56.9% |
| Non-recurring operating charges66A | - | €799 | - |
| Gross operating margin9900 | €79,289 | €35,352 | ▼ 55.4% |
| Operating profit (loss)9901 | €59,848 | €23,803 | ▼ 60.2% |
| Financial income75/76B | €15 | €0 | ▼ 99.9% |
| Recurring financial income75 | €15 | €0 | ▼ 99.9% |
| Financial charges65/66B | €237 | €369 | ▲ 55.4% |
| Recurring financial charges65 | €237 | €369 | ▲ 55.4% |
| Profit (loss) for the period before taxes9903 | €59,625 | €23,434 | ▼ 60.7% |
| Income taxes67/77 | €14,236 | €6,105 | ▼ 57.1% |
| Profit (loss) for the period9904 | €45,389 | €17,329 | ▼ 61.8% |
| Profit (loss) for the period to be appropriated9905 | €45,389 | €17,329 | ▼ 61.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €71,127 | €92,462 | ▲ 30.0% |
| Fixed assets21/28 | €10,621 | €2,011 | ▼ 81.1% |
| Tangible fixed assets22/27 | €10,621 | €2,011 | ▼ 81.1% |
| Plant, machinery and equipment23 | €768 | €336 | ▼ 56.2% |
| Furniture and vehicles24 | €9,853 | €1,675 | ▼ 83.0% |
| Current assets29/58 | €60,506 | €90,450 | ▲ 49.5% |
| Amounts receivable within one year40/41 | €25,067 | €75,186 | ▲ 200% |
| Trade receivables40 | €17,468 | €72,079 | ▲ 313% |
| Other amounts receivable41 | €7,598 | €3,107 | ▼ 59.1% |
| Cash at bank and in hand54/58 | €35,204 | €13,091 | ▼ 62.8% |
| Deferred charges and accrued income490/1 | €235 | €2,173 | ▲ 824% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €71,127 | €92,462 | ▲ 30.0% |
| Equity10/15 | €48,389 | €65,718 | ▲ 35.8% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €45,389 | €62,718 | ▲ 38.2% |
| Amounts payable17/49 | €22,738 | €26,743 | ▲ 17.6% |
| Amounts payable within one year42/48 | €22,738 | €26,743 | ▲ 17.6% |
| Trade debts44 | €131 | €7,424 | ▲ 57× |
| Suppliers440/4 | €131 | €7,424 | ▲ 57× |
| Taxes, remuneration and social security45 | €14,239 | €6,108 | ▼ 57.1% |
| Taxes450/3 | €14,239 | €6,108 | ▼ 57.1% |
| Other amounts payable47/48 | €8,368 | €13,212 | ▲ 57.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €45,389 | €17,329 | ▼ 61.8% |
| + Depreciation and write-downs630 | €17,311 | €9,832 | ▼ 43.2% |
| Operating cash flow (approximation) | €62,700 | €27,161 | ▼ 56.7% |
| Investment in fixed assets (approximation) | - | -€1,222 | - |
| Change in cash | - | -€22,112 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Froidbel has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Froidbel itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Froidbel. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.