COMPAGNIE BELLIARD FROISSART
ActiveCOMPAGNIE BELLIARD FROISSART has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.54M and a net result of €339k. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+5
Solvency56▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 4.58 against 4.73 in 2024; short-term debt: 4.8% and cash: 0.5% of total assets), but 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
30.7%
Return on assets
2.9%
Age of the figures
9 mo
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
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
24 d early
2023
22 d early
2022
24 d early
2021
26 d early
2020
24 d early
2019
236 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€339k▼ 6.7%
2024 · €364k
2018: €219k
2019: €-347k
2020: €47k
2021: €131k
2022: €198k
2023: €443k
2024: €364k
2018 → 2025
Working capital
€1.97M▲ 1.8%
2024 · €1.93M
2018: €-1.12M
2019: €-1.46M
2020: €-1.42M
2021: €2.19M
2022: €1.67M
2023: €1.85M
2024: €1.93M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.19M-€2.39M▲ 9.0%€2.83M▲ 18.5%€3.20M▲ 12.8%€3.54M▲ 10.6%
Operating result€271k-€448k▲ 65.6%€707k▲ 57.7%€644k▼ 8.8%€676k▲ 4.9%
Net result€131k-€198k▲ 51.6%€443k▲ 124%€364k▼ 18.0%€339k▼ 6.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.50M
Fixed assets
€8.98M▼ 1.6%
Current assets
€2.52M▲ 2.8%
Equity and liabilities €11.50M
Equity
€3.54M▲ 10.6%
Debt
€7.96M▼ 5.0%
The debt ratio falls from 72.4% to 69.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€820k▲
2024 · €789k
Cash flow
€483k▼
2024 · €508k
Solvency
30.7%▲
2024 · 27.6%
Current ratio
4.58▼
2024 · 4.73
Quick ratio
4.58▼
2024 · 4.73
Debt / equity
2.25▼
2024 · 2.62
ROE
9.6%▼
2024 · 11.4%
ROA
2.9%▼
2024 · 3.1%
Interest coverage
3.45▲
2024 · 2.81
Debt
€7.96M▼
2024 · €8.38M
Debt ≤ 1 year
€551k▲
2024 · €518k
Debt > 1 year
€7.19M▼
2024 · €7.65M
Income taxes
€99k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11.58M€11.50M▼
Fixed assets21/28€9.12M€8.98M▼
Tangible fixed assets22/27€9.12M€8.98M▼
Land and buildings22€9.12M€8.98M▼
Current assets29/58€2.45M€2.52M▲
Amounts receivable within one year40/41€2.40M€2.47M▲
Other amounts receivable41€2.40M€2.47M▲
Cash at bank and in hand54/58€53k€56k▲
Equity and liabilities
Total equity and liabilities10/49€11.58M€11.50M▼
Equity10/15€3.20M€3.54M▲
Contributions10/11€3.90M€3.90M=
Capital10€3.90M€3.90M=
Issued capital100€3.90M€3.90M=
Profit (loss) carried forward14€-704k€-365k▲
Amounts payable17/49€8.38M€7.96M▼
Amounts payable after more than one year17€7.65M€7.19M▼
Financial debts170/4€7.65M€7.19M▼
Amounts payable within one year42/48€518k€551k▲
Current portion of amounts payable after more than one year42€433k€451k▲
Trade debts44€86k€100k▲
Suppliers440/4€86k€100k▲
Accrued charges and deferred income492/3€216k€219k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€144k=
Other operating charges640/8€25k€2k▼
Gross operating margin9900€813k€822k▲
Operating profit (loss)9901€644k€676k▲
Financial charges65/66B€281k€238k▼
Recurring financial charges65€281k€238k▼
Profit (loss) for the period before taxes9903€364k€438k▲
Income taxes67/77-€99k
Profit (loss) for the period9904€364k€339k▼
Profit (loss) for the period to be appropriated9905€364k€339k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-704k€-365k▲
Profit (loss) brought forward from the previous period14P€-1.07M€-704k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment11 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment11 facts ▸
- General meeting, 2026-06-26
- Director resignation, Bram WILLEMEN (bestuurder)
- Director resignation, Johan WILLEMEN (bestuurder)
- Director resignation, Tom WILLEMEN (bestuurder)
- Director reappointment, Bram WILLEMEN (bestuurder)
- Director reappointment, Johan WILLEMEN (bestuurder)
- Director reappointment, Tom WILLEMEN (bestuurder)
- Board meeting, 2026-06-26
- Director reappointment, Johan WILLEMEN (gedelegeerd bestuurder)
- Director reappointment, Tom WILLEMEN (gedelegeerd bestuurder)
- Director appointment, Johan WILLEMEN (voorzitter van de Raad van Bestuur)
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €443k ▲124%
Operating result €707k, net result €443k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 3.70
Current ratio from 1.26 to 3.70; short-term debt falls from €8.54M to €619k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.19M
2 profitable years in a row build equity to €2.19M.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 236 days late
2020
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet €-347k ▼259%
Net result drops to €-347k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26111135). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Bram WILLEMEN
CurrentDirector · since 26-06-2026
Johan WILLEMEN
CurrentVoorzitter van de raad van bestuur · since 26-06-2026
Tom Willemen
CurrentManaging director · since 26-06-2026
26-06-2026
Bram WILLEMEN: Resigned as Director
26-06-2026
Bram WILLEMEN: Mandate renewed as Director
26-06-2026
Johan WILLEMEN: Appointed as Voorzitter van de raad van bestuur
26-06-2026
Johan WILLEMEN: Mandate renewed as Director
26-06-2026
Johan WILLEMEN: Resigned as Director
26-06-2026
Johan WILLEMEN: Mandate renewed as Managing director
26-06-2026
Tom Willemen: Mandate renewed as Managing director
26-06-2026
Tom Willemen: Mandate renewed as Director
26-06-2026
Tom Willemen: Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2007
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.
Boerenkrijgstraat 1332800 MechelenGround area
8,333 m²
Building footprint
1,723 m²
Volume, LiDAR
16,325 m³
2 parcels, Brussels, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
COBELFROI
since 20072.168.102.923
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402C0050/00X000 | Flanders | 7,426 m² | 1 · 1,355 m² | 12.0 m · 2 fl. |
| 21364B0183/00E006 | Brussels | 907 m² | 1 · 367 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
35 connected companiesLinked via shared directors
viaJohan WILLEMEN · Président d'honneur
→
viaTom Willemen · Director
→
viaTom Willemen · Director
→
viaTom Willemen · Managing director
→
Show 31 more companies with a shared director
viaJohan WILLEMEN · Président d'honneur
→
viaJohan WILLEMEN · Director
→
viaTom Willemen · Director
→
viaTom Willemen · Permanent representative
→
viaJohan WILLEMEN · Director
→
viaTom Willemen · Director
→
viaJohan WILLEMEN · Director
former→
viaTom Willemen · Bestuurder en gedelegeerd bestuurder
former→
viaJohan WILLEMEN · Director
former→
viaJohan WILLEMEN · Administrateur, président du conseil général, président du comité permanent
former→
viaJohan WILLEMEN · Director
former→
viaJohan WILLEMEN · Administrateur et administrateur délégué
former→
viaTom Willemen · Administrateur et administrateur délégué
former→
viaJohan WILLEMEN · Director
former→
viaJohan WILLEMEN · Director
former→
viaTom Willemen · Director
former→
viaJohan WILLEMEN · Director
former→
viaJohan WILLEMEN · Director
former→
viaJohan WILLEMEN · Director
former→
viaTom Willemen · Director
former→
viaJohan WILLEMEN · Director
former→
viaJohan WILLEMEN · Director
former→
viaTom Willemen · Representative
former→
viaTom Willemen
former→
viaJohan WILLEMEN · Director
former→
viaJohan WILLEMEN · Director
former→
viaTom Willemen · Permanent representative
former→
viaTom Willemen · Director
former→
viaJohan WILLEMEN · Bestuurder van rvb
former→
viaTom Willemen · Director
former→
viaJohan WILLEMEN · Director
former→
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Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 2,610 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-2007
Fiscal year end31-12
Abbreviation NL
COBELFROI
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.