FREDERIC BUSSCHAERT
ActiveFREDERIC BUSSCHAERT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €842k and a net result of €258k. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 2934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
95
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+9
Solvency100▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 18.12 against 3.6 in 2023; short-term debt: 5.4% and cash: 25.3% of total assets), and 5.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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 2024Solvency, return and age of the figures
Solvency
94.6%
Return on assets
28.9%
Age of the figures
20 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
181921222324
2018 to 2024 · latest year €842k
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 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
92 d early
2022
30 d late
2021
44 d early
2020
1 d early
2019
38 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€842k▲ 18.4%
2023 · €711k
2018: €1.19M
2019: €1.35M
2021: €758k
2022: €712k
2023: €711k
2018 → 2024
Total assets
€890k▼ 9.0%
2023 · €978k
2018: €1.21M
2019: €1.37M
2021: €897k
2022: €928k
2023: €978k
2018 → 2024
Net result
€258k▲ 48.4%
2023 · €174k
2018: €127k
2019: €159k
2021: €231k
2022: €127k
2023: €174k
2018 → 2024
Working capital
€829k▲ 19.5%
2023 · €694k
2018: €1.03M
2019: €1.23M
2021: €696k
2022: €678k
2023: €694k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€1.35M-€758k▼ 43.7%€712k▼ 6.1%€711k▼ 0.2%€842k▲ 18.4%
Operating result€235k-€282k▲ 20.1%€183k▼ 35.3%€245k▲ 34.4%€369k▲ 50.4%
Net result€159k-€231k▲ 44.9%€127k▼ 45.1%€174k▲ 37.0%€258k▲ 48.4%
Turnover and EBIT margin not published: the abbreviated 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 50% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €890k
Fixed assets
€13k▼ 24.3%
Current assets
€878k▼ 8.7%
Equity and liabilities €890k
Equity
€842k▲ 18.4%
Debt
€48k▼ 81.9%
The debt ratio falls from 27.3% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€374k▲
2023 · €269k
Cash flow
€263k▲
2023 · €197k
Solvency
94.6%▲
2023 · 72.7%
Current ratio
18.12▲
2023 · 3.60
Quick ratio
18.12▲
2023 · 3.60
Debt / equity
0.06▼
2023 · 0.38
ROE
30.6%▲
2023 · 24.4%
ROA
28.9%▲
2023 · 17.7%
Interest coverage
2749.81▲
2023 · 1874.48
Debt
€48k▼
2023 · €267k
Debt ≤ 1 year
€48k▼
2023 · €267k
Income taxes
€123k▲
2023 · €84k
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€978k€890k▼
Fixed assets21/28€17k€13k▼
Tangible fixed assets22/27€17k€13k▼
Land and buildings22€0-
Furniture and vehicles24€14k€10k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€962k€878k▼
Amounts receivable within one year40/41€114k€53k▼
Trade receivables40€9k€13k▲
Other amounts receivable41€105k€39k▼
Current investments50/53€591k€598k▲
Cash at bank and in hand54/58€252k€226k▼
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€978k€890k▼
Equity10/15€711k€842k▲
Contributions10/11€12k€12k=
Reserves13€698k€830k▲
Tax-exempt reserves132€460€460=
Distributable reserves133€698k€829k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€267k€48k▼
Amounts payable within one year42/48€267k€48k▼
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€24k€45k▲
Taxes450/3€24k€39k▲
Remuneration and social security454/9-€6k
Other amounts payable47/48€238k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€5k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€271k€377k▲
Operating profit (loss)9901€245k€369k▲
Financial income75/76B€13k€12k▼
Recurring financial income75€13k€12k▼
Financial charges65/66B€143€136▼
Recurring financial charges65€143€136▼
Profit (loss) for the period before taxes9903€258k€381k▲
Income taxes67/77€84k€123k▲
Profit (loss) for the period9904€174k€258k▲
Profit (loss) for the period to be appropriated9905€174k€258k▲
Appropriation of the result
Profit (loss) to be appropriated9906€174k€258k▲
Transfer from equity791/2€175k€126k▼
Transfer to equity691/2€174k€258k▲
To other reserves6921€174k€258k▲
Profit to be distributed694/7€175k€126k▼
Return on contributions (dividend)694€175k€126k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €258k ▲48.4%
Operating result €369k, net result €258k, both a record.
31-12
Financial
Liquidity times 5current ratio 18.12
Current ratio from 3.60 to 18.12; short-term debt falls from €267k to €48k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €127k ▼45.1%
Net result drops to €127k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
30-06
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.
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, Wevelgem
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.
Lauwestraat 1398560 WevelgemGround area
1,955 m²
Building footprint
258 m²
Volume, LiDAR
1,779 m³
Parcel 34041C0565/00H003, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0565/00H003 | Flanders | 1,955 m² | 1 · 258 m² | 11.0 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,035 EUR awarded · 1,035 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,035 EUR | 1,035 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,049 companies in sector 69101 we hold annual accounts for 9,048. 4,688 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-04-2007
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.