Global Fries
The computed 12-month bankruptcy probability of Global Fries is 1.7% (moderate). The 2024 annual accounts show equity of €4.84M and a net result of €756k. Equity is growing by ~90.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 122 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €4.84M |
| Net result | €756k |
| Staff (FTE) | 60.3 |
| Better than sector | 25% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.6% | 27.6% | |
| Net result | €756k | €25k | |
| Equity | €4.84M | €396k | |
| Staff costs | €4.18M | €506k | |
| Employees (FTE) | 60.3 | 13.7 |
Show 14 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €66.88M |
| EBITDA | €5.35M |
| Net profit | €756k |
| Cash flow | €3.40M |
| Staff costs | €4.18M |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €56.10M |
| Equity | €4.84M |
| Debt | €51.26M |
| of which ≤ 1y | €15.94M |
| of which > 1y | €34.94M |
| Working capital | €11.51M |
| Employees (FTE) | 60.3 |
| 2024 | |
|---|---|
| Current ratio | 1.72 |
| Quick ratio | 0.77 |
| Working capital ratio | 20.5% |
| Solvency | 8.6% |
| Debt / equity | 10.58 |
| Long-term debt ratio | 7.21 |
| Interest coverage | 3.49 |
| Gross margin | 45.0% |
| Net margin | 1.1% |
| ROA | 1.3% |
| ROE | 15.6% |
| EBITDA margin | 8.0% |
| Days sales outstanding | 51d |
| Days payable outstanding | 141d |
| Inventory turnover | 2.42 |
| Days inventory (DSI) | 151d |
Full annual accounts (24 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €56.10M |
| Fixed assets | 21/28 | €28.64M |
| Tangible fixed assets | 22/27 | €28.64M |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €27.45M |
| Stocks & contracts in progress | 3 | €15.24M |
| Amounts receivable within one year | 40/41 | €11.28M |
| Cash & bank | 54/58 | €764k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €56.10M |
| Equity | 10/15 | €4.84M |
| Contributions / capital | 10/11 | €5.00M |
| Accumulated profits (losses) | 14 | €-349k |
| Amounts payable | 17/49 | €51.26M |
| Amounts payable after one year | 17 | €34.94M |
| Amounts payable within one year | 42/48 | €15.94M |
| Trade debts payable within one year | 44 | €14.23M |
| Income statement | ||
| Turnover | 70 | €66.88M |
| Operating result | 9901 | €2.71M |
| Financial income | 75 | €132k |
| Financial charges | 65 | €2.08M |
| Result before taxes | 9903 | €758k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €756k |
| Result to be appropriated | 9905 | €756k |
Former directors (2)
-
ANDERS!DirectorState Gazette act 25025678 (24-02-2025)Former- → 01-01-2025
-
Former- → 16-09-2024
| NACE primary | Verwerking en conservering van aardappelen, exclusief productie van diepgevroren aardappelbereidingen(10311) |
| Legal form | Private limited company(610) |
| Incorporation | 27-04-2021 |
| Status | Active |
| Postal code | 8640 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33018B0151/00D002 | Flanders | 4.9 ha | 1 · 150 m² | 8.5 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
24-02-2025 1 director appointed, 1 resigning
- Jan Van Gysegem, Dagelijks bestuur
- ANDERS!, Bestuurder
Technical details
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}08-10-2024 Bart Lamaire resigns as director
- Bart Lamaire, Bestuurder
Technical details
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}| Legal nameNL | Global Fries |