LE FRERE
ActiveSummary
The computed 12-month bankruptcy probability of LE FRERE is 2.2% (moderate). The 2025 annual accounts show equity of €59k and a net result of €18k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 13417 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+86
Solvency100▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 7.38 against 3.19 in 2024; short-term debt: 12.8% and cash: 4.1% of total assets), and 12.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
87.2%
Return on assets
27.2%
Age of the figures
9 mo
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 05-03-2026, 148 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
148 d early
2024
175 d late
2023
29 d early
2022
28 d early
2021
46 d late
2020
44 d late
2019
38 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▲ 45.3%
2024 · €40k
2018: €23k
2019: €26k▲ +11.3% vs 2018
2020: €20k▼ -22.3% vs 2019lowest in 8 years
2021: €22k▲ +9.5% vs 2020
2022: €31k▲ +38.4% vs 2021
2023: €43k▲ +39.1% vs 2022
2024: €40k▼ -5.4% vs 2023
2025: €59k▲ +45.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€67k▲ 20.6%
2024 · €56k
2018: €25k
2019: €42k▲ +68.7% vs 2018
2020: €21k▼ -50.8% vs 2019lowest in 8 years
2021: €24k▲ +14.6% vs 2020
2022: €42k▲ +76.6% vs 2021
2023: €52k▲ +24.9% vs 2022
2024: €56k▲ +6.2% vs 2023
2025: €67k▲ +20.6% vs 2024highest in 8 years
2018 → 2025
Net result
€18k
2024 · €-2k
2018: €3k
2019: €3k▲ +3.1% vs 2018
2020: €-6k▼ -320% vs 2019lowest in 8 years
2021: €2k▲ +133% vs 2020
2022: €8k▲ +343% vs 2021
2023: €12k▲ +40.8% vs 2022
2024: €-2k▼ -119% vs 2023
2025: €18k▲ +894% vs 2024highest in 8 years
2018 → 2025
Working capital
€55k▲ 62.6%
2024 · €34k
2018: €19klowest in 8 years
2019: €24k▲ +28.6% vs 2018
2020: €19k▼ -21.6% vs 2019
2021: €21k▲ +13.7% vs 2020
2022: €30k▲ +42.4% vs 2021
2023: €42k▲ +40.4% vs 2022
2024: €34k▼ -20.8% vs 2023
2025: €55k▲ +62.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€31k▲ 38.4%€43k▲ 39.1%€40k▼ 5.4%€59k▲ 45.3%
2021: €22klowest in 5 years
2022: €31k▲ +38.4% vs 2021
2023: €43k▲ +39.1% vs 2022
2024: €40k▼ -5.4% vs 2023
2025: €59k▲ +45.3% vs 2024highest in 5 years
Operating result€2k-€11k▲ 448%€15k▲ 34.3%€-2k€24k
2021: €2k
2022: €11k▲ +448% vs 2021
2023: €15k▲ +34.3% vs 2022
2024: €-2k▼ -115% vs 2023lowest in 5 years
2025: €24k▲ +1229% vs 2024highest in 5 years
Net result€2k-€8k▲ 343%€12k▲ 40.8%€-2k€18k
2021: €2k
2022: €8k▲ +343% vs 2021
2023: €12k▲ +40.8% vs 2022
2024: €-2k▼ -119% vs 2023lowest in 5 years
2025: €18k▲ +894% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€4k ▼ 42.3%
Current assets
€63k ▲ 29.2%
Equity and liabilities €67k
Equity
€59k ▲ 45.3%
Debt
€9k ▼ 44.1%
Debt's share of the balance-sheet total falls from 27.6% to 12.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▲
2024 · €-427
Cash flow
€21k▲
2024 · €-569
Current ratio
7.38▲
2024 · 3.19
Quick ratio
6.84▲
2024 · 3.08
Debt to equity
0.15▼
2024 · 0.38
ROE
31.2%▲
2024 · -5.7%
ROA
27.2%▲
2024 · -4.1%
Interest coverage
128.84▲
2024 · -3.02
Debt ≤ 1 year
€9k▼
2024 · €15k
Income taxes
€6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€56k€67k▲
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€59-
Furniture and vehicles24€7k€4k▼
Current assets29/58€49k€63k▲
Stocks and contracts in progress3€2k€5k▲
Stocks30/36€2k€5k▲
Amounts receivable within one year40/41€38k€55k▲
Trade receivables40€13k-
Other amounts receivable41€25k€55k▲
Cash at bank and in hand54/58€10k€3k▼
Deferred charges and accrued income490/1€138€508▲
Equity and liabilities
Total equity and liabilities10/49€56k€67k▲
Equity10/15€40k€59k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€32k€50k▲
Amounts payable17/49€15k€9k▼
Amounts payable within one year42/48€15k€9k▼
Trade debts44€12k€1k▼
Suppliers440/4€12k€1k▼
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€196€7k▲
Remuneration and social security454/9€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€657€4k▲
Gross operating margin9900€230€31k▲
Operating profit (loss)9901€-2k€24k▲
Financial charges65/66B€142€211▲
Recurring financial charges65€142€211▲
Profit (loss) for the period before taxes9903€-2k€24k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€-2k€18k▲
Profit (loss) for the period to be appropriated9905€-2k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€50k▲
Profit (loss) brought forward from the previous period14P€35k€32k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €651 | €504 | €256 | €2k | €3k | ▲ 62.7% |
| Other operating charges640/8 | €348 | €399 | €1k | €657 | €4k | ▲ 542% |
| Gross operating margin9900 | €3k | €12k | €16k | €230 | €31k | ▲ 13,552% |
| Operating profit (loss)9901 | €2k | €11k | €15k | €-2k | €24k | ▲ 1,229% |
| Financial charges65/66B | €73 | €140 | €106 | €142 | €211 | ▲ 48.9% |
| Recurring financial charges65 | €73 | €140 | €106 | €142 | €211 | ▲ 48.9% |
| Profit (loss) for the period before taxes9903 | €2k | €11k | €15k | €-2k | €24k | ▲ 1,150% |
| Income taxes67/77 | - | €2k | €3k | - | €6k | - |
| Profit (loss) for the period9904 | €2k | €8k | €12k | €-2k | €18k | ▲ 894% |
| Profit (loss) for the period to be appropriated9905 | €2k | €8k | €12k | €-2k | €18k | ▲ 894% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €42k | €52k | €56k | €67k | ▲ 20.6% |
| Fixed assets21/28 | €877 | €373 | €117 | €7k | €4k | ▼ 42.3% |
| Tangible fixed assets22/27 | €877 | €373 | €117 | €7k | €4k | ▼ 42.3% |
| Plant, machinery and equipment23 | €877 | €373 | €117 | €59 | - | - |
| Furniture and vehicles24 | - | - | - | €7k | €4k | ▼ 41.8% |
| Current assets29/58 | €23k | €42k | €52k | €49k | €63k | ▲ 29.2% |
| Stocks and contracts in progress3 | €725 | €3k | €992 | €2k | €5k | ▲ 168% |
| Stocks30/36 | €725 | €3k | €992 | €2k | €5k | ▲ 168% |
| Amounts receivable within one year40/41 | €16k | €32k | €43k | €38k | €55k | ▲ 47.7% |
| Trade receivables40 | - | €22k | €20k | €13k | - | - |
| Other amounts receivable41 | €16k | €10k | €23k | €25k | €55k | ▲ 122% |
| Cash at bank and in hand54/58 | €6k | €7k | €8k | €10k | €3k | ▼ 71.5% |
| Deferred charges and accrued income490/1 | - | - | - | €138 | €508 | ▲ 268% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €42k | €52k | €56k | €67k | ▲ 20.6% |
| Equity10/15 | €22k | €31k | €43k | €40k | €59k | ▲ 45.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €14k | €23k | €35k | €32k | €50k | ▲ 56.6% |
| Amounts payable17/49 | €2k | €11k | €10k | €15k | €9k | ▼ 44.1% |
| Amounts payable within one year42/48 | €2k | €11k | €10k | €15k | €9k | ▼ 44.1% |
| Trade debts44 | €1k | €11k | €6k | €12k | €1k | ▼ 88.8% |
| Suppliers440/4 | €1k | €11k | €6k | €12k | €1k | ▼ 88.8% |
| Taxes, remuneration and social security45 | €595 | - | €3k | €3k | €7k | ▲ 126% |
| Taxes450/3 | €595 | - | €3k | €196 | €7k | ▲ 3,574% |
| Remuneration and social security454/9 | - | - | - | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €8k | €12k | €-2k | €18k | ▲ 894% |
| + Depreciation and write-downs630 | €651 | €504 | €256 | €2k | €3k | ▲ 62.7% |
| Operating cash flow (approximation) | €3k | €9k | €12k | €-569 | €21k | ▲ 3,801% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-8k | €0 | ▲ 100% |
| Change in cash | - | €622 | €1k | €2k | €-7k | ▼ 503% |
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
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 175 days late
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 7.38
Current ratio from 3.19 to 7.38; short-term debt falls from €15k to €9k.
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 15current ratio 37.68
Current ratio from 2.48 to 37.68; short-term debt falls from €16k to €509.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
Show earlier events
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 43 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 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, Anderlecht · 1 establishment unit since 2009
Ground area
256 m²
Building footprint
134 m²
Volume, LiDAR
1,293 m³
Parcel 21308H0100/00R003, Brussels · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LA MAISON HAUTE
since 20092.181.589.782
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0100/00R003 | Brussels | 256 m² | 1 · 134 m² | 16.6 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.181.589.782
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 4,015 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
Founded29-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.