LUXFRIES
ActiveLUXFRIES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €409k and a net result of €180k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability59▼-9
Solvency44▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.24 in 2023; short-term debt: 80.9% and cash: 0.4% of total assets), and 80.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9040 sector peers (2024).
NBB · sector comparisonPosition among 9040 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
5 d late
2022
6 d early
2021
27 d late
2020
89 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€409k▲ 1.2%
2023 · €404k
2019: €107k
2020: €122k
2021: €551k
2022: €378k
2023: €404k
2019 → 2024
Total assets
€2.14M▼ 19.8%
2023 · €2.66M
2019: €2.43M
2020: €1.71M
2021: €2.03M
2022: €2.67M
2023: €2.66M
2019 → 2024
Net result
€180k▼ 44.9%
2023 · €326k
2019: €68k
2020: €16k
2021: €178k
2022: €127k
2023: €326k
2019 → 2024
Working capital
€409k▼ 21.8%
2023 · €523k
2019: €234k
2020: €205k
2021: €596k
2022: €461k
2023: €523k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€122k-€551k▲ 350%€378k▼ 31.4%€404k▲ 6.9%€409k▲ 1.2%
Operating result€66k-€310k▲ 371%€177k▼ 43.0%€535k▲ 203%€392k▼ 26.7%
Net result€16k-€178k▲ 1,039%€127k▼ 28.8%€326k▲ 157%€180k▼ 44.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2.14M
Equity
€409k▲ 1.2%
Debt
€1.73M▼ 23.5%
The debt ratio falls from 84.8% to 80.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
19.1%▲
2023 · 15.2%
Current ratio
1.24▼
2023 · 1.24
Quick ratio
1.24▼
2023 · 1.24
Debt / equity
4.23▼
2023 · 5.59
ROE
44.0%▼
2023 · 80.7%
ROA
8.4%▼
2023 · 12.2%
Debt
€1.73M▼
2023 · €2.26M
Debt ≤ 1 year
€1.73M▼
2023 · €2.14M
Income taxes
€62k▼
2023 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.66M€2.14M▼
Current assets29/58€2.66M€2.14M▼
Amounts receivable within one year40/41€2.57M€2.10M▼
Trade receivables40€2.45M€1.60M▼
Other amounts receivable41€119k€509k▲
Cash at bank and in hand54/58€86k€9k▼
Deferred charges and accrued income490/1€9k€23k▲
Equity and liabilities
Total equity and liabilities10/49€2.66M€2.14M▼
Equity10/15€404k€409k▲
Contributions10/11€256k€256k=
Capital10€256k€256k=
Issued capital100€256k€256k=
Reserves13€76k€76k=
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€72k€77k▲
Amounts payable17/49€2.26M€1.73M▼
Amounts payable within one year42/48€2.14M€1.73M▼
Financial debts43€705k€792k▲
Credit institutions430/8€600k€750k▲
Other loans439€105k€42k▼
Trade debts44€481k€749k▲
Suppliers440/4€481k€749k▲
Taxes, remuneration and social security45-€12k
Taxes450/3-€12k
Other amounts payable47/48€954k€175k▼
Accrued charges and deferred income492/3€119k€0▼
Income statement
Code20232024
Other operating charges640/8€133k€1k▼
Gross operating margin9900€668k€394k▼
Operating profit (loss)9901€535k€392k▼
Financial income75/76B€12k€3k▼
Recurring financial income75€12k€3k▼
Financial charges65/66B€112k€154k▲
Recurring financial charges65€112k€154k▲
Profit (loss) for the period before taxes9903€435k€242k▼
Income taxes67/77€109k€62k▼
Profit (loss) for the period9904€326k€180k▼
Profit (loss) for the period to be appropriated9905€326k€180k▼
Appropriation of the result
Profit (loss) to be appropriated9906€372k€252k▼
Profit (loss) brought forward from the previous period14P€46k€72k▲
Profit to be distributed694/7€300k€175k▼
Return on contributions (dividend)694€300k€175k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
31-12
Financial
Highest result since 2019net €326k ▲157%
Operating result €535k, net result €326k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
2021
31-12
Financial
Equity above €500kEq €551k ▲350%
3 profitable years in a row build equity to €551k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
30-06
Financial
Weakest financial yearnet €16k ▼77%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Koksijde · 1 establishment unit since 2010
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.
Kerkhofstraat(Odk) 168670 KoksijdeGround area
1,682 m²
Building footprint
221 m²
Volume, LiDAR
1,387 m³
Parcel 38018B0214/00M000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LUXFRIES
since 20102.184.826.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018B0214/00M000 | Flanders | 1,682 m² | 1 · 221 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteKoksijde2.184.826.911
Legal Entity Identifier
549300O4KQ07NKY3SK21
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Of 222 companies in sector 46391 we hold annual accounts for 138. 92 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-01-2010
Fiscal year end31-12
Activities, NACEBEL
46391Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.