EBELFRI
ActiveSummary
EBELFRI has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €110k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 9624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-5
Solvency47▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.27 in 2023; short-term debt: 71.9% and cash: 3.9% of total assets), and 77.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
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
22.5%
Return on assets
0.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €110k
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
41 d early
2022
21 d early
2021
24 d early
2020
44 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€2.03M
EBIT margin
4.6%
Net result
€2k▼ 95.6%
2023 · €55k
2018: €-116k
2019: €175k▲ +251% vs 2018highest in 7 years
2020: €-127k▼ -173% vs 2019
2021: €-186k▼ -46.2% vs 2020lowest in 7 years
2022: €148k▲ +180% vs 2021
2023: €55k▼ -63.2% vs 2022
2024: €2k▼ -95.6% vs 2023
2018 → 2024
Working capital
€-310k▲ 36.5%
2023 · €-488k
2018: €-6k
2019: €219k▲ +3509% vs 2018highest in 7 years
2020: €68k▼ -69.1% vs 2019
2021: €-968k▼ -1534% vs 2020lowest in 7 years
2022: €-680k▲ +29.8% vs 2021
2023: €-488k▲ +28.2% vs 2022
2024: €-310k▲ +36.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.03M
Equity€91k-€-95k€53k€108k▲ 102%€110k▲ 2.2%
2020: €91k
2021: €-95k▼ -204% vs 2020lowest in 5 years
2022: €53k▲ +156% vs 2021
2023: €108k▲ +102% vs 2022
2024: €110k▲ +2.2% vs 2023highest in 5 years
Operating result€-116k-€-207k▼ 78.7%€158k€93k▼ 41.3%€22k▼ 76.5%
2020: €-116k
2021: €-207k▼ -78.7% vs 2020lowest in 5 years
2022: €158k▲ +176% vs 2021highest in 5 years
2023: €93k▼ -41.3% vs 2022
2024: €22k▼ -76.5% vs 2023
Net result€-127k-€-186k▼ 46.2%€148k€55k▼ 63.2%€2k▼ 95.6%
2020: €-127k
2021: €-186k▼ -46.2% vs 2020lowest in 5 years
2022: €148k▲ +180% vs 2021highest in 5 years
2023: €55k▼ -63.2% vs 2022
2024: €2k▼ -95.6% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €491k
Fixed assets
€448k ▼ 24.8%
Current assets
€43k ▼ 76.7%
Equity and liabilities €491k
Equity
€110k ▲ 2.2%
Debt
€380k ▼ 43.4%
Debt's share of the balance-sheet total falls from 86.2% to 77.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€170k▼
2023 · €240k
Cash flow
€150k▼
2023 · €202k
Current ratio
0.12▼
2023 · 0.27
Quick ratio
0.05▼
2023 · 0.26
Debt to equity
3.45▼
2023 · 6.23
ROE
2.2%▼
2023 · 50.6%
ROA
0.5%▼
2023 · 7.0%
Interest coverage
11.76▲
2023 · 10.76
Debt ≤ 1 year
€353k▼
2023 · €672k
Income taxes
€5k▼
2023 · €16k
Staff costs
€290k▲
2023 · €260k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€780k€491k▼
Fixed assets21/28€596k€448k▼
Tangible fixed assets22/27€596k€448k▼
Plant, machinery and equipment23€217k€162k▼
Furniture and vehicles24€24k€17k▼
Other tangible fixed assets26€355k€268k▼
Current assets29/58€184k€43k▼
Stocks and contracts in progress3€13k€24k▲
Stocks30/36€13k€24k▲
Amounts receivable within one year40/41€135k-
Trade receivables40€135k-
Cash at bank and in hand54/58€37k€19k▼
Equity and liabilities
Total equity and liabilities10/49€780k€491k▼
Equity10/15€108k€110k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€40k€42k▲
Amounts payable17/49€672k€380k▼
Amounts payable within one year42/48€672k€353k▼
Trade debts44€102k€135k▲
Suppliers440/4€102k€135k▲
Taxes, remuneration and social security45€120k€66k▼
Taxes450/3€75k€6k▼
Remuneration and social security454/9€45k€60k▲
Other amounts payable47/48€450k€152k▼
Accrued charges and deferred income492/3-€28k
Income statement
Code20232024
Turnover70€2.03M-
Goods, raw materials, services and sundry goods60/61€1.54M-
Remuneration, social security and pensions62€260k€290k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€147k€148k▲
Other operating charges640/8€302€322▲
Gross operating margin9900€500k€460k▼
Operating profit (loss)9901€93k€22k▼
Financial charges65/66B€22k€14k▼
Recurring financial charges65€22k€14k▼
Profit (loss) for the period before taxes9903€70k€7k▼
Income taxes67/77€16k€5k▼
Profit (loss) for the period9904€55k€2k▼
Profit (loss) for the period to be appropriated9905€55k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€42k▲
Profit (loss) brought forward from the previous period14P€-15k€40k▲
Social balance
Average headcount (FTE)90877.17.7▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €2.03M | - | - |
| Non-recurring operating income76A | - | €28k | €57k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.54M | - | - |
| Remuneration, social security and pensions62 | - | €345k | €267k | €260k | €290k | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97 | €100k | €145k | €147k | €148k | ▲ 0.5% |
| Other operating charges640/8 | - | €120 | €222 | €302 | €322 | ▲ 6.6% |
| Gross operating margin9900 | €-107k | €238k | €570k | €500k | €460k | ▼ 8.0% |
| Operating profit (loss)9901 | €-116k | €-207k | €158k | €93k | €22k | ▼ 76.5% |
| Financial income75/76B | - | €40 | - | - | - | - |
| Recurring financial income75 | €2k | €40 | - | - | - | - |
| Financial charges65/66B | - | €6k | €10k | €22k | €14k | ▼ 35.3% |
| Recurring financial charges65 | €118 | €6k | €10k | €22k | €14k | ▼ 35.3% |
| Non-recurring financial charges66B | - | - | €58 | - | - | - |
| Profit (loss) for the period before taxes9903 | €-114k | €-213k | €148k | €70k | €7k | ▼ 89.6% |
| Income taxes67/77 | €13k | €-27k | €234 | €16k | €5k | ▼ 69.1% |
| Profit (loss) for the period9904 | €-127k | €-186k | €148k | €55k | €2k | ▼ 95.6% |
| Profit (loss) for the period to be appropriated9905 | €-127k | €-186k | €148k | €55k | €2k | ▼ 95.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139k | €921k | €788k | €780k | €491k | ▼ 37.1% |
| Fixed assets21/28 | €24k | €874k | €733k | €596k | €448k | ▼ 24.8% |
| Tangible fixed assets22/27 | €24k | €874k | €733k | €596k | €448k | ▼ 24.8% |
| Plant, machinery and equipment23 | - | €313k | €265k | €217k | €162k | ▼ 25.1% |
| Furniture and vehicles24 | - | €36k | €30k | €24k | €17k | ▼ 26.0% |
| Other tangible fixed assets26 | - | €524k | €438k | €355k | €268k | ▼ 24.6% |
| Current assets29/58 | €116k | €47k | €55k | €184k | €43k | ▼ 76.7% |
| Stocks and contracts in progress3 | - | €31k | €26k | €13k | €24k | ▲ 85.6% |
| Stocks30/36 | - | €31k | €26k | €13k | €24k | ▲ 85.6% |
| Amounts receivable within one year40/41 | €116k | €1k | €493 | €135k | - | - |
| Trade receivables40 | - | €1k | €95 | €135k | - | - |
| Other amounts receivable41 | - | €90 | €398 | - | - | - |
| Cash at bank and in hand54/58 | - | €15k | €28k | €37k | €19k | ▼ 47.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139k | €921k | €788k | €780k | €491k | ▼ 37.1% |
| Equity10/15 | €91k | €-95k | €53k | €108k | €110k | ▲ 2.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €23k | €-163k | €-15k | €40k | €42k | ▲ 6.1% |
| Amounts payable17/49 | €48k | €1.02M | €734k | €672k | €380k | ▼ 43.4% |
| Amounts payable within one year42/48 | €48k | €1.02M | €734k | €672k | €353k | ▼ 47.5% |
| Trade debts44 | €43k | €81k | €150k | €102k | €135k | ▲ 31.9% |
| Suppliers440/4 | - | €81k | €150k | €102k | €135k | ▲ 31.9% |
| Taxes, remuneration and social security45 | - | €82k | €84k | €120k | €66k | ▼ 44.6% |
| Taxes450/3 | - | €26k | €26k | €75k | €6k | ▼ 91.8% |
| Remuneration and social security454/9 | - | €56k | €58k | €45k | €60k | ▲ 34.2% |
| Other amounts payable47/48 | - | €852k | €500k | €450k | €152k | ▼ 66.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €28k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-127k | €-186k | €148k | €55k | €2k | ▼ 95.6% |
| + Depreciation and write-downs630 | €97 | €100k | €145k | €147k | €148k | ▲ 0.5% |
| Operating cash flow (approximation) | €-127k | €-86k | €293k | €202k | €150k | ▼ 25.5% |
| Investment in fixed assets (approximation) | - | €-950k | €-5k | €-10k | €0 | ▲ 100% |
| Change in cash | - | - | €13k | €8k | €-17k | ▼ 311% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €108k ▲102%
2 profitable years in a row build equity to €108k.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €148k
Net result €148k after 2 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-186k
Net result drops to €-186k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €175k
Net result €175k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.12
Current ratio from 0.97 to 3.12; short-term debt falls from €185k to €103k.
31-12
Financial
Equity above €200kEq €219k ▲406%
Equity rises from €43k to €219k.
Show earlier events
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Aalter · 1 establishment unit since 2021
Ground area
1.5 ha
Building footprint
1.0 ha
Volume, LiDAR
71,864 m³
2 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
116
companies at this address
See who is registered here
1 establishment unit
Bon'Ap
since 20212.314.226.493
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0052/00C000 | Flanders | 1.4 ha | 1 · 9,001 m² | 11.4 m · 3 fl. |
| 35011A0426/00K000 | Flanders | 1,064 m² | 1 · 1,171 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,663 EUR awarded · 2,663 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,663 EUR | 2,663 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyMiddelkerke2.314.226.493
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OSTEND MEAT
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Of 3,042 companies in sector 47221 we hold annual accounts for 1,564. 1,354 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47120Other non-specialised retail sale
47222Retail trade
Contact
E-mail
boekhouding@resultit.beMiddelkerke
Phone
092167316Middelkerke
Scores and ratios are computed by Checked and are not a credit decision.