FULLRISING
ActiveSummary
FULLRISING has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€24,557) and a net result of €13,053. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9521 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+39
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.66 in 2023; short-term debt: 126.2% and cash: 0.6% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 · 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 2024Solvency, return and age of the figures
Solvency
-117.3%
Return on assets
62.4%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9521 sector peers (2024).
NBB · sector comparisonPosition among 9521 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
57 d early
2022
32 d early
2021
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€24,557▲ 34.7%
2023 · -€37,610
Total assets
€20,933▼ 14.9%
2023 · €24,598
Net result
€13,053▲ 238%
2023 · €3,857
Working capital
-€9,037▼ 1.3%
2023 · -€8,922
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line2021202220232024
Operating result€20,828--€11,473€9,547€21,065▲ 121%
Net result€13,086within the sector's middle half--€64,554below the sector's middle half€3,857within the sector's middle half€13,053within the sector's middle half▲ 238%
Equity€23,086within the sector's middle half--€41,467below the sector's middle half-€37,610below the sector's middle half▲ 9.3%-€24,557below the sector's middle half▲ 34.7%
Total assets€127,612within the sector's middle half-€35,179below the sector's middle half▼ 72.4%€24,598below the sector's middle half▼ 30.1%€20,933below the sector's middle half▼ 14.9%
Debt€104,526-€76,647▼ 26.7%€62,208▼ 18.8%€45,490▼ 26.9%
Working capital-€11,837-€4,335-€8,922-€9,037▼ 1.3%
Solvency18.1%within the sector's middle half--117.9%below the sector's middle half▼ 136.0pp-152.9%below the sector's middle half▼ 35.0pp-117.3%below the sector's middle half▲ 35.6pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 121% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20,933
Fixed assets
€3,547 ▼ 53.2%
Current assets
€17,386 ▲ 2.1%
Key figures and ratios
EBITDA
€24,591▲
2023 · €12,846
Cash flow
€16,579▲
2023 · €7,156
Current ratio
0.66▲
2023 · 0.66
Debt to equity
-1.85▼
2023 · -1.65
ROA
62.4%▲
2023 · 15.7%
Interest coverage
7.74▲
2023 · 2.67
Debt ≤ 1 year
€26,423▲
2023 · €25,947
Debt > 1 year
€19,067▼
2023 · €36,261
Income taxes
€4,836▲
2023 · €875
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,176 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,088 | €2,570 | €3,299 | €3,526 | ▲ 6.9% |
| Other operating charges640/8 | - | - | - | €387 | - |
| Gross operating margin9900 | €21,915 | -€8,903 | €12,846 | €24,979 | ▲ 94.4% |
| Operating profit (loss)9901 | €20,828 | -€11,473 | €9,547 | €21,065 | ▲ 121% |
| Financial income75/76B | - | €1 | €0 | - | - |
| Recurring financial income75 | - | €1 | €0 | - | - |
| Financial charges65/66B | €2,058 | €52,883 | €4,815 | €3,176 | ▼ 34.0% |
| Recurring financial charges65 | €2,058 | €2,883 | €4,815 | €3,176 | ▼ 34.0% |
| Non-recurring financial charges66B | - | €50,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €18,769 | -€64,356 | €4,733 | €17,889 | ▲ 278% |
| Income taxes67/77 | €5,683 | €198 | €875 | €4,836 | ▲ 453% |
| Profit (loss) for the period9904 | €13,086 | -€64,554 | €3,857 | €13,053 | ▲ 238% |
| Profit (loss) for the period to be appropriated9905 | €13,086 | -€64,554 | €3,857 | €13,053 | ▲ 238% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €127,612 | €35,179 | €24,598 | €20,933 | ▼ 14.9% |
| Fixed assets21/28 | €107,156 | €8,076 | €7,573 | €3,547 | ▼ 53.2% |
| Intangible fixed assets21 | - | - | €1,382 | €883 | ▼ 36.1% |
| Tangible fixed assets22/27 | €7,156 | €7,576 | €5,691 | €2,663 | ▼ 53.2% |
| Plant, machinery and equipment23 | €244 | €134 | €24 | - | - |
| Furniture and vehicles24 | €6,912 | €7,442 | €5,667 | €2,663 | ▼ 53.0% |
| Financial fixed assets28 | €100,000 | €500 | €500 | - | - |
| Current assets29/58 | €20,456 | €27,103 | €17,025 | €17,386 | ▲ 2.1% |
| Amounts receivable within one year40/41 | €7,767 | €9,505 | €11,674 | €16,222 | ▲ 39.0% |
| Trade receivables40 | €7,744 | €8,553 | €9,666 | €13,415 | ▲ 38.8% |
| Other amounts receivable41 | €23 | €951 | €2,008 | €2,807 | ▲ 39.8% |
| Cash at bank and in hand54/58 | €12,057 | €16,672 | €4,185 | €123 | ▼ 97.1% |
| Deferred charges and accrued income490/1 | €632 | €926 | €1,167 | €1,042 | ▼ 10.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €127,612 | €35,179 | €24,598 | €20,933 | ▼ 14.9% |
| Equity10/15 | €23,086 | -€41,467 | -€37,610 | -€24,557 | ▲ 34.7% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Outside capital11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Other1109/19 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €13,086 | - | - | - | - |
| Distributable reserves133 | €13,086 | - | - | - | - |
| Profit (loss) carried forward14 | - | -€51,467 | -€47,610 | -€34,557 | ▲ 27.4% |
| Amounts payable17/49 | €104,526 | €76,647 | €62,208 | €45,490 | ▼ 26.9% |
| Amounts payable after more than one year17 | €72,233 | €53,879 | €36,261 | €19,067 | ▼ 47.4% |
| Financial debts170/4 | €72,233 | €53,879 | €36,261 | €19,067 | ▼ 47.4% |
| Amounts payable within one year42/48 | €32,293 | €22,767 | €25,947 | €26,423 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | €19,445 | €18,354 | €19,105 | €18,679 | ▼ 2.2% |
| Trade debts44 | €429 | €318 | €619 | €1,046 | ▲ 69.0% |
| Suppliers440/4 | €429 | €318 | €619 | €1,046 | ▲ 69.0% |
| Taxes, remuneration and social security45 | €12,418 | €4,095 | €6,224 | €6,698 | ▲ 7.6% |
| Taxes450/3 | €12,418 | €4,095 | €6,224 | €6,698 | ▲ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,086 | -€64,554 | €3,857 | €13,053 | ▲ 238% |
| + Depreciation and write-downs630 | €1,088 | €2,570 | €3,299 | €3,526 | ▲ 6.9% |
| Operating cash flow (approximation) | €14,174 | -€61,983 | €7,156 | €16,579 | ▲ 132% |
| Investment in fixed assets (approximation) | - | €96,510 | -€2,795 | €500 | ▲ 118% |
| Change in cash | - | €4,616 | -€12,488 | -€4,062 | ▲ 67.5% |
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
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,857
Net result €3,857 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€64,554
Net result drops to -€64,554, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Braine-le-Comte · 1 establishment unit since 2021
Ground area
177 m²
Building footprint
61 m²
Parcel 55036B0204/02W003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Frédéric Malgrève
since 20212.312.497.420
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55036B0204/02W003 | Wallonia | 177 m² | 1 · 61 m² | - |
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.
Similar companies · same sector, comparable size
SICA CONSTRUCT
BE 0671.705.006
Ukkel · Eq €23,095
Gabriel & Jack Real Estate
BE 1006.076.278
Antwerpen · Eq €23,066
NORO
BE 1006.722.121
Tremelo · Eq €23,125
FISC-ACCOUNT DE MEYER
BE 0773.480.968
Lochristi · Eq €22,996
TROFISK
BE 0450.887.771
Gent · Eq €23,179
Of 11,218 companies in sector 82100 we hold annual accounts for 3,509. 2,330 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
Founded11-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
82990Other business support services
Contact
E-mail
frederic.malgreve@gmail.com
Phone
0475569128
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761421294
Registered
07-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.