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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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 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
FRAG from Seneffe, company number BE0563366102, closed financial year 2023 with a result of € -54,269 after tax. For that financial year FRAG recorded a gross margin of € -29,741 and equity of € 35,074. Compared with financial year 2022, the result moved from € 60,598 to € -54,269. The company made a loss. The buffer shrank hard: equity is 62 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2024.
€ 35,074
▼ 62% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,269
▼ still € 60,598 profit in 2022
Profit after tax over the fiscal year.
€ 5,303
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 12,424.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 9,450
▼ 93% vs 2022
Of which on lease € 9,450.
Debts at end 2023
€ 51,699
▼ 42% vs 2022
€ 14,231 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 998
▼ 73% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 5,517
▲ 113% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 39,356 | € 97,450 | € -29,741 | ▼ € 127,191 |
| Profit after taxes | € -3,766 | € 60,598 | € -54,269 | ▼ € 114,867 |
| Equity | € 32,795 | € 91,368 | € 35,074 | ▼ 62% |
| Total debts | € 115,621 | € 96,236 | € 58,214 | ▼ 40% |
| Cash | - | - | € 5,303 | |
| Retained profit | € 6,095 | € 66,693 | € 12,424 | ▼ 81% |
| Bank debt | € 87,644 | € 89,575 | € 51,699 | ▼ 42% |
| Balance sheet total | € 148,416 | € 187,604 | € 93,288 | ▼ 50% |
Key figures of FRAG, 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 31 July 2025.
What happened to FRAG?
What happened at FRAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 54,269 (▼ € 114,867 vs 2022). filed late Source: NBB ↗
- New establishment in Seneffe. KBO
- ANGELO SCHIRRU became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,766 loss in 2021 to € 54,269 loss in 2023.
Paid € 395 in corporate taxes since 2021.
Best year ever: 2022, with € 60,598 profit.
Management
Behind FRAG is ANGELO SCHIRRU.
Directors
According to the 2023 annual accounts
ANGELO SCHIRRU
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Chemin du Château de Buisseret 22
7180 Seneffe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0563.366.102
- VAT number
- BE 0563.366.102
- Registered office
- Chemin du Château de Buisseret 22, 7180 Seneffe
- Names & denominations
- FRAG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 2014
- Peppol
- Not registered