Summary
The computed 12-month bankruptcy probability of FRS BRANDS DISTRIBUTION is 3.7% (moderate). The 2023 annual accounts show equity of €3k and a net result of €3k. Its solvency ranks better than 26% of 24633 sector peers (fiscal year 2023). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023
Profitability51
Solvency30
Growth-
Track record79
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
5.3%
Return on assets
5.3%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-08-2024, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2023
1 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€33k
EBIT margin
11.0%
Net result
€3k
Working capital
€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €52k
Equity
€3k
Debt
€49k
Debt finances 94.7% of the balance-sheet total.
Key figures and ratios
Current ratio
1.06
Quick ratio
0.10
Debt to equity
17.96
ROE
100.0%
ROA
5.3%
Debt ≤ 1 year
€49k
Income taxes
€916
Filed annual accounts As filed with the NBB · 2023 · 26 lines
Balance sheet
Code2023
Assets
Total assets20/58€52k
Current assets29/58€52k
Stocks and contracts in progress3€47k
Stocks30/36€47k
Amounts receivable within one year40/41€4k
Trade receivables40€4k
Cash at bank and in hand54/58€1k
Equity and liabilities
Total equity and liabilities10/49€52k
Equity10/15€3k
Profit (loss) carried forward14€3k
Amounts payable17/49€49k
Amounts payable within one year42/48€49k
Trade debts44€47k
Suppliers440/4€47k
Taxes, remuneration and social security45€2k
Taxes450/3€2k
Income statement
Code2023
Turnover70€33k
Goods, raw materials, services and sundry goods60/61€30k
Other operating charges640/8€8
Gross operating margin9900€4k
Operating profit (loss)9901€4k
Profit (loss) for the period before taxes9903€4k
Income taxes67/77€916
Profit (loss) for the period9904€3k
Profit (loss) for the period to be appropriated9905€3k
Appropriation of the result
Profit (loss) to be appropriated9906€3k
Timeline · acts, filings and financial milestones
2026
31-08
State Gazette act
Resignation: Najimiding Xirifu (director)Appointment: Drăguţan Alla (director) · Share transfer · Registered-office move6 facts ▸
State Gazette act
Resignation: Najimiding Xirifu (director)
Appointment: Drăguţan Alla (director) · Share transfer · Registered-office move6 facts ▸
- General meeting, 31-12-2025
- Director resignation, Najimiding Xirifu (director)
- Director appointment, Drăguţan Alla (director)
- Share transfer, Najimiding Xirifu → Drăguţan Alla
- Registered-office move, Rue Neuve 78, 6000 Charleroi
- Assumption of liabilities, all debts of the company since its creation, former administrator from financial, administrative, and legal obligations
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
State Gazette actNBB filing
Directors · office · real estate
Directors
1 director, no change since 2025
Drăguţan Alla
CurrentDirector · since 31-12-2025
31-12-2025
Drăguţan Alla: Appointed as Director
31-12-2025
Najimiding Xirifu: Resigned as Director
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2023
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.
Rue Neuve 786000 CharleroiGround area
189 m²
Building footprint
117 m²
Volume, LiDAR
1,555 m³
2 parcels, Brussels, Wallonia · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FRS BRANDS DISTRIBUTION
since 20232.340.924.754
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011B0122/00V000 | Wallonia | 117 m² | 1 · 63 m² | 15.3 m · 5 fl. |
| 21013B0321/00T003 | Brussels | 72 m² | 1 · 53 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 31-08-2026 ↗
- Najimiding Xirifu to Drăguţan Alla 100 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Similar companies · same sector, comparable size
TAZ
BE 0736.714.208
Brussel · Eq €2,751
HUYGEN NADIA
BE 0771.794.455
Herk-de-Stad · Eq €2,738
NASU
BE 0808.954.759
Brussel · Eq €2,763
Universal786
BE 1016.015.315
Brussel · Eq €2,731
AL-ASLAM
BE 0794.430.988
Hasselt · Eq €2,719
Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 1,806 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.