La Fraternité
The computed 12-month bankruptcy probability of La Fraternité is < 0.1% (very low). The 2023 annual accounts show equity of €3.87M and a net result of €-118k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 50% of 87 sector peers (fiscal year 2023). The company has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €3.87M |
| Net result | €-118k |
| Staff (FTE) | 12.2 |
| Better than sector | 50% |
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 | 52.3% | 52.0% | |
| Net result | €-118k | €19k | |
| Equity | €3.87M | €229k | |
| Staff costs | €13.05M | €510k | |
| Employees (FTE) | 12.2 | 10.8 |
Show 14 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | verkort |
| Revenue | €314k |
| EBITDA | €311k |
| Net profit | €-118k |
| Cash flow | €273k |
| Staff costs | €13.05M |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €7.40M |
| Equity | €3.87M |
| Debt | €3.49M |
| of which ≤ 1y | €476k |
| of which > 1y | €2.99M |
| Working capital | €1.32M |
| Employees (FTE) | 12.2 |
| 2023 | |
|---|---|
| Current ratio | 3.78 |
| Quick ratio | 3.78 |
| Working capital ratio | 17.8% |
| Solvency | 52.3% |
| Debt / equity | 0.90 |
| Long-term debt ratio | 0.77 |
| Interest coverage | 8.32 |
| Gross margin | 45.7% |
| Net margin | -37.4% |
| ROA | -1.6% |
| ROE | -3.0% |
| EBITDA margin | 99.1% |
| Days sales outstanding | 133d |
| Days payable outstanding | 371d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €7.40M |
| Fixed assets | 21/28 | €5.60M |
| Tangible fixed assets | 22/27 | €5.60M |
| Financial fixed assets | 28 | €500 |
| Current assets | 29/58 | €1.80M |
| Amounts receivable within one year | 40/41 | €1.13M |
| Cash & bank | 54/58 | €649k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7.40M |
| Equity | 10/15 | €3.87M |
| Accumulated profits (losses) | 14 | €1.37M |
| Provisions & deferred taxes | 16 | €40k |
| Amounts payable | 17/49 | €3.49M |
| Amounts payable after one year | 17 | €2.99M |
| Amounts payable within one year | 42/48 | €476k |
| Trade debts payable within one year | 44 | €174k |
| Income statement | ||
| Turnover | 70 | €314k |
| Operating result | 9901 | €-79k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €42k |
| Result before taxes | 9903 | €-116k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-118k |
| Result to be appropriated | 9905 | €-118k |
-
Current22-11-2022 → present
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Current01-07-2022 → present
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Current01-07-2022 → present
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Current01-07-2022 → present
2 events
- 01-07-2022 Resigned· Director
- 01-07-2022 Appointed· Director
-
Current01-07-2022 → present
Former directors (2)
-
Former- → 22-11-2022
-
Former- → 04-05-2015
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| DGST & Partners - réviseurs d'entreprisesCurrent Statutory auditor · represented by Fabio Crisi |
- | 11-09-2020 → present |
Show 1 earlier auditors
| DGST & Partners Reviseurs d'entreprises Statutory auditor · represented by Fabio Crisi |
- | 11-09-2019 → 11-09-2019 |
| NACE primary | Vrij gesubsidieerd gewoon algemeen secundair onderwijs(85314) |
| Legal form | Non-profit association(017) |
| Incorporation | 11-06-1981 |
| Status | Active |
| Postal code | 1020 |
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. |
|---|---|---|---|---|
| 21815D0302/00Z000 | Brussels | 2,698 m² | 1 · 987 m² | 21.1 m · 6 fl. |
| 21815D0221/00B006 | Brussels | 1,804 m² | 1 · 40 m² | 14.1 m · 4 fl. |
| 21815D0302/00H002 | Brussels | 816 m² | 1 · 772 m² | 20.8 m · 6 fl. |
| 21813A0324/00L000 | Brussels | 420 m² | 1 · 442 m² | 27.1 m · 8 fl. |
| 21815D0221/00A006 | Brussels | 404 m² | - | - |
| 21815D0302/00R002 | Brussels | 212 m² | 1 · 212 m² | 12.2 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 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
16-04-2026 Act object · Auditor mandate · Officer appointment
- Publication: 2026-04-16 · La Fraternité
- Filing: 2026-04-08 · La Fraternité
- Act object: Actualisation de la composition de l'Assemblée Générale et reconduction du mandat du commissaire réviseur · La Fraternité
- Auditor mandate: end_date: 2028-12-31, start_date: 2026-12-31, decision_date: 2026-01-27 · La Fraternité
- Officer appointment: role: Vice-Présidence de l'Organe d'administration et de l'AG, decision_date: 2023-06-13 · Rita Van Driel
- Officer appointment: role: Président de l'Organe d'administration · Jean-Pierre BOOSTEN
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}22-11-2022 Articles of association amended
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}11-09-2019 Fabio Crisi reappointed as statutory auditor
- Fabio Crisi, Commissaris
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}15-06-2015 Marc François resigns as director
- Marc François, Bestuurder
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}| Legal nameFR | La Fraternité |