Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2023; threshold 65 %.
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Late annual account NBB
Fiscal year 2023 was filed 327 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2024 was expected before 30 June 2025 and has not been filed.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2023
FRESH START from Gent, company number BE0448042703, closed financial year 2023 with a result of € -3,472 after tax. For that financial year FRESH START recorded a gross margin of € -2,708 and equity of € -50,942. Compared with financial year 2022, the result moved from € -1,644 to € -3,472. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 23, 2025.
€ -50,942
▼ € 3,472 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,472
▼ 111 % more loss than in 2022
Profit after tax over the fiscal year.
€ 27,068
▲ 36% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -57,142.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 8,810
▲ 47% vs 2022
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -7,706 | € -1,968 | € -2,708 | ▼ € 740 |
| Profit after taxes | € -8,982 | € -1,644 | € -3,472 | ▼ € 1,827 |
| Equity | € -45,826 | € -47,470 | € -50,942 | ▼ € 3,472 |
| Total debts | € 65,962 | € 68,113 | € 78,719 | ▲ 16% |
| Cash | € 20,136 | € 19,934 | € 27,068 | ▲ 36% |
| Retained profit | € -52,026 | € -53,670 | € -57,142 | ▼ € 3,472 |
| Balance sheet total | € 20,136 | € 20,643 | € 27,777 | ▲ 35% |
Key figures of FRESH START, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 30 June 2025.
What happened to FRESH START?
What happened at FRESH START in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 3,472. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 8,982 loss in 2021 to € 3,472 loss in 2023.
Management
Behind FRESH START is Benjamin Ginsburg. Benjamin Ginsburg is also behind Köpping, Green Urban Projects, GREEN HOMES and ALGI INVESTMENTS.
Directors
According to the 2023 annual accounts
Benjamin Ginsburg
Director
Also active at: Köpping, Green Urban Projects, GREEN HOMES, ALGI INVESTMENTS
Establishments
Establishment units
Physical locations of this company
Predikherenlei 2
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.042.703
- VAT number
- BE 0448.042.703
- Registered office
- Predikherenlei 2, 9000 Gent
- Names & denominations
- FRESH START
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 1992
- Peppol
- Not registered