FRUBERO
ActiveSummary
FRUBERO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183,242 and a net result of €81,578. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-7
Solvency51▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.18 against 2.53 in 2024; short-term debt: 45.4% and cash: 2.3% of total assets), but 74.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.9%
Return on assets
11.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €183,242
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-02-2026, 158 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
158 d early
2024
121 d early
2023
188 d early
2022
24 d early
2021
138 d early
2020
26 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 90 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 March (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€183,242▲ 80.2%
2024 · €101,664
Total assets
€708,142▲ 28.5%
2024 · €551,069
Net result
€81,578▼ 10.2%
2024 · €90,846
Working capital
€377,812▲ 15.8%
2024 · €326,132
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€36,029▲ 11.2%-€34,351▲ 4.7%€76,881€109,059▲ 41.9%€121,303▲ 11.2%
Net result-€41,240below the sector's middle half▲ 5.0%-€52,657below the sector's middle half▼ 27.7%€56,580within the sector's middle half€90,846within the sector's middle half▲ 60.6%€81,578within the sector's middle half▼ 10.2%
Equity€6,895below the sector's middle half-€45,763below the sector's middle half€10,818below the sector's middle half€101,664below the sector's middle half▲ 840%€183,242within the sector's middle half▲ 80.2%
Total assets€344,938below the sector's middle half▲ 196%€499,599below the sector's middle half▲ 44.8%€512,231below the sector's middle half▲ 2.5%€551,069below the sector's middle half▲ 7.6%€708,142within the sector's middle half▲ 28.5%
Debt€338,044▲ 101%€545,362▲ 61.3%€501,413▼ 8.1%€449,405▼ 10.4%€524,901▲ 16.8%
Working capital€114,285within the sector's middle half€314,620within the sector's middle half▲ 175%€309,802within the sector's middle half▼ 1.5%€326,132within the sector's middle half▲ 5.3%€377,812within the sector's middle half▲ 15.8%
Solvency2.0%below the sector's middle half▲ 46.5pp-9.2%below the sector's middle half▼ 11.2pp2.1%below the sector's middle half▲ 11.3pp18.4%below the sector's middle half▲ 16.3pp25.9%within the sector's middle half▲ 7.4pp
Current ratio1.50within the sector's middle half▲ 0.512.70within the sector's middle half▲ 1.212.53within the sector's middle half▼ 0.172.53within the sector's middle half=2.18within the sector's middle half▼ 0.35
Return on assets (ROA)-12.0%below the sector's middle half▲ 25.2pp-10.5%below the sector's middle half▲ 1.4pp11.0%above the sector's middle half▲ 21.6pp16.5%above the sector's middle half▲ 5.4pp11.5%above the sector's middle half▼ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €708,142
Fixed assets
€8,829 ▼ 22.5%
Current assets
€699,313 ▲ 29.6%
Equity and liabilities €708,142
Equity
€183,242 ▲ 80.2%
Debt
€524,901 ▲ 16.8%
Debt's share of the balance-sheet total falls from 81.6% to 74.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123,873▲
2024 · €110,510
Cash flow
€84,148▼
2024 · €92,297
Quick ratio
0.82▲
2024 · 0.70
Debt to equity
2.86▼
2024 · 4.42
ROE
44.5%▼
2024 · 89.4%
Interest coverage
5.90▼
2024 · 6.07
Debt ≤ 1 year
€321,501▲
2024 · €213,537
Debt > 1 year
€194,383▼
2024 · €227,010
Income taxes
€18,838
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,451 | €2,570 | ▲ 77.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,342 | - | - |
| Other operating charges640/8 | - | €936 | €1,272 | €1,876 | €20,895 | ▲ 1,014% |
| Gross operating margin9900 | -€35,358 | -€33,416 | €78,153 | €113,728 | €144,768 | ▲ 27.3% |
| Operating profit (loss)9901 | -€36,029 | -€34,351 | €76,881 | €109,059 | €121,303 | ▲ 11.2% |
| Financial income75/76B | - | €2,811 | €1,108 | €4 | €101 | ▲ 2,151% |
| Recurring financial income75 | €5,740 | €2,811 | €1,108 | €4 | €101 | ▲ 2,151% |
| Financial charges65/66B | - | €21,117 | €21,408 | €18,217 | €20,988 | ▲ 15.2% |
| Recurring financial charges65 | €10,951 | €21,117 | €21,408 | €18,217 | €20,988 | ▲ 15.2% |
| Profit (loss) for the period before taxes9903 | -€41,240 | -€52,657 | €56,580 | €90,846 | €100,416 | ▲ 10.5% |
| Income taxes67/77 | - | - | - | - | €18,838 | - |
| Profit (loss) for the period9904 | -€41,240 | -€52,657 | €56,580 | €90,846 | €81,578 | ▼ 10.2% |
| Profit (loss) for the period to be appropriated9905 | -€41,240 | -€52,657 | €56,580 | €90,846 | €81,578 | ▼ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €344,938 | €499,599 | €512,231 | €551,069 | €708,142 | ▲ 28.5% |
| Fixed assets21/28 | - | - | - | €11,399 | €8,829 | ▼ 22.5% |
| Tangible fixed assets22/27 | - | - | - | €11,399 | €8,829 | ▼ 22.5% |
| Plant, machinery and equipment23 | - | - | - | €11,399 | €8,829 | ▼ 22.5% |
| Current assets29/58 | €344,938 | €499,599 | €512,231 | €539,669 | €699,313 | ▲ 29.6% |
| Stocks and contracts in progress3 | €254,387 | €379,803 | €352,921 | €390,135 | €435,054 | ▲ 11.5% |
| Stocks30/36 | - | €379,803 | €352,921 | €390,135 | €435,054 | ▲ 11.5% |
| Amounts receivable within one year40/41 | €90,551 | €80,161 | €140,103 | €136,687 | €247,134 | ▲ 80.8% |
| Trade receivables40 | - | €77,652 | €138,431 | €131,599 | €235,619 | ▲ 79.0% |
| Other amounts receivable41 | - | €2,509 | €1,672 | €5,088 | €11,515 | ▲ 126% |
| Cash at bank and in hand54/58 | - | €39,636 | €19,207 | €12,847 | €16,174 | ▲ 25.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €950 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €344,938 | €499,599 | €512,231 | €551,069 | €708,142 | ▲ 28.5% |
| Equity10/15 | €6,895 | -€45,763 | €10,818 | €101,664 | €183,242 | ▲ 80.2% |
| Contributions10/11 | - | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Reserves13 | - | - | - | - | €63,242 | - |
| Distributable reserves133 | - | - | - | - | €63,242 | - |
| Profit (loss) carried forward14 | -€113,105 | -€165,763 | -€109,182 | -€18,336 | - | - |
| Amounts payable17/49 | €338,044 | €545,362 | €501,413 | €449,405 | €524,901 | ▲ 16.8% |
| Amounts payable after more than one year17 | €100,000 | €350,582 | €289,814 | €227,010 | €194,383 | ▼ 14.4% |
| Financial debts170/4 | - | €210,582 | €149,814 | €87,010 | €59,732 | ▼ 31.4% |
| Other amounts payable178/9 | - | €140,000 | €140,000 | €140,000 | €134,651 | ▼ 3.8% |
| Amounts payable within one year42/48 | €230,654 | €184,980 | €202,429 | €213,537 | €321,501 | ▲ 50.6% |
| Current portion of amounts payable after more than one year42 | - | €39,418 | €60,768 | €62,804 | €74,246 | ▲ 18.2% |
| Financial debts43 | - | €70,000 | €40,000 | €50,000 | €100,000 | ▲ 100% |
| Credit institutions430/8 | - | €70,000 | €40,000 | €50,000 | €100,000 | ▲ 100% |
| Trade debts44 | €107,896 | €70,696 | €101,262 | €100,691 | €135,874 | ▲ 34.9% |
| Suppliers440/4 | - | €70,696 | €101,262 | €100,691 | €135,874 | ▲ 34.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €11,338 | - |
| Taxes450/3 | - | - | - | - | €11,338 | - |
| Other amounts payable47/48 | - | €4,866 | €399 | €42 | €42 | = |
| Accrued charges and deferred income492/3 | - | €9,800 | €9,170 | €8,857 | €9,017 | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,240 | -€52,657 | €56,580 | €90,846 | €81,578 | ▼ 10.2% |
| + Depreciation and write-downs630 | - | - | - | €1,451 | €2,570 | ▲ 77.1% |
| Operating cash flow (approximation) | -€41,240 | -€52,657 | €56,580 | €92,297 | €84,148 | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | - | -€20,429 | -€6,359 | €3,327 | ▲ 152% |
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
Next filing, fiscal year 2026, expected by
2026
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150,000Eq €183,242 ▲80.2%
3 profitable years in a row build equity to €183,242.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €90,846 ▲60.6%
Net result €90,846, the highest in the series.
31-12
Financial
Equity above €100,000Eq €101,664 ▲840%
2 profitable years in a row build equity to €101,664.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €56,580
Net result €56,580 after 4 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€52,657
Net result drops to -€52,657, the lowest in the series; recovery starts the following year.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wevelgem · 1 establishment unit since 2019
Ground area
251 m²
Building footprint
96 m²
Volume, LiDAR
540 m³
Parcel 34029B1019/00G002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FRUBERO
since 20192.287.440.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029B1019/00G002 | Flanders | 251 m² | 1 · 96 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
-
20%
-
10%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 9,000 EUR awarded · 9,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 9,000 EUR | 9,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteWevelgem2.287.440.142
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Of 223 companies in sector 46391 we hold annual accounts for 139. 97 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46391Wholesale trade
Contact
Phone
0472175154Wevelgem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723645437
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.