FROUFROU
ActiveSummary
The computed 12-month bankruptcy probability of FROUFROU is 3.1% (moderate). The 2025 annual accounts show negative equity (-€12,270) and a net result of -€12,568. Its solvency ranks better than 13% of 5,718 sector peers (NACE 96, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-08-2022 Normal situation
- Activity
- Hairdressing and barber services NACE 96210and 5 others
- Establishment unit
- 2.335.358.241 1700 Dilbeek, since 01-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 30-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.1%
- Gross margin
- €44,659
- Turnover
- ≈ €120,000
- estimated
- Loss
- €12,568
- Equity
- -€12,270
- Total assets
- €11,549
- Employees on 31-12-2025
- 3
- Negative equity on 31-12-2025
- 2025 accounts filed 56 days after the deadline
Score breakdownraises riskLast filed accounts filed 56 days late; 1 of the last 3 accounts lateFounded in 2022Liquidity: current ratio 0.45, cash €38, halvedlowers riskSize: total assets €11,549Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 11% of them on solvency, 3% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 43 days after the deadline. In the sector (NACE 96), the median for financial year 2023 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 56 days after the deadline Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00528270.
Annual accounts 2025 filed on 25-09-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €12,638, against a loss of €8 in 2023. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 3 |
| full-time | 2 | 2 |
| part-time | 1 | 1 |
| in full-time equivalents | 2.1 | 2.4 |
| Average over the year, in full-time equivalents | 1.9 | 1.9 |
| On a permanent contract | 1 | 2 |
| Joined | 7 | 2 |
| Left | 4 | 2 |
| Training hours | 2,897 | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €35,295 | €55,953 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,242 | €469 | - |
| Other operating charges640/8 | €862 | €875 | - |
| Gross operating margin9900 | €38,391 | €44,659 | - |
| Operating profit (loss)9901 | -€8 | -€12,638 | - |
| Financial income75/76B | €0 | €886 | - |
| Recurring financial income75 | €0 | €886 | - |
| Financial charges65/66B | €166 | €817 | - |
| Recurring financial charges65 | €166 | €817 | - |
| Profit (loss) for the period before taxes9903 | -€174 | -€12,568 | - |
| Income taxes67/77 | €326 | - | - |
| Profit (loss) for the period9904 | -€500 | -€12,568 | - |
| Profit (loss) for the period to be appropriated9905 | -€500 | -€12,568 | - |
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €42,425 | €11,549 | - |
| Fixed assets21/28 | - | €943 | - |
| Tangible fixed assets22/27 | - | €943 | - |
| Plant, machinery and equipment23 | - | €943 | - |
| Current assets29/58 | €42,425 | €10,606 | - |
| Amounts receivable within one year40/41 | €37,523 | €10,568 | - |
| Trade receivables40 | €15,483 | €2,902 | - |
| Other amounts receivable41 | €22,040 | €7,666 | - |
| Cash at bank and in hand54/58 | €4,902 | €38 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €42,425 | €11,549 | - |
| Equity10/15 | €4,500 | -€12,270 | - |
| Contributions10/11 | €5,000 | €5,000 | - |
| Profit (loss) carried forward14 | -€500 | -€17,270 | - |
| Amounts payable17/49 | €37,925 | €23,819 | - |
| Amounts payable within one year42/48 | €37,925 | €23,819 | - |
| Trade debts44 | €19,333 | €14,468 | - |
| Suppliers440/4 | €19,333 | €14,468 | - |
| Taxes, remuneration and social security45 | €18,592 | €9,351 | - |
| Taxes450/3 | €18,592 | €8,202 | - |
| Remuneration and social security454/9 | - | €1,149 | - |
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€500 | -€12,568 | - |
| + Depreciation and write-downs630 | €2,242 | €469 | - |
| Operating cash flow (approximation) | €1,742 | -€12,099 | - |
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, 7,639 companies had the same profile as FROUFROU has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FROUFROU itself: 3.1% 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 7,639 companies, not a prediction for FROUFROU. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- CHANGAEI Mojdeh sole founder · 100% at incorporation
Capital transactions
- 31-08-2022 Incorporation · €5,000 · 100 shares
Articles of association
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Drie jaar, een of meerdere commissarissen”
Articles of association, deed of 31-08-2022 (in Dutch)
Network & group
FROUFROU shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FROUFROU. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-08
Gazette deed
IncorporationStarting capital €5,000 · Appointment: CHANGAEI Mojdeh (director) · Founder6 points ▸
- Incorporation, 29-08-2022
- Founder, CHANGAEI Mojdeh
- Founding capital, €5,000
- Bank account, “KBC Bank”, 5000 (deed in Dutch)
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, CHANGAEI Mojdeh (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
2 activities
- De uitbating van één of meerdere kapsalons in de ruimste zin van het woord.Dit omvat–zonder daartoe beperkt te zijn-wassen,knippen,verven,onduleren,enz.van haar bij mannen,vrouwen en kinderen,de verkoop in het klein en in het groot zowel als het importeren en exporteren van imitatiesieraden,gadgets,cosmetica en toiletartikelen,kleding en lederwaren en de verkoop van deze artikelen via internet en postorder
- Kapsalons
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Dual-learning approval
3 live approvals · 1 endedShow 1 ended approval
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23016D0142/00X000 | Flanders | 323 m² | 1 · 154 m² | 10.8 m · 1 |