Financials
Financial year 2023
Revenue
€ 2.6 million
▼ 20% vs 2022
Profit
Healthy€ 28,309
▼ 80% vs 2022
Debts
High€ 6.3 million
▲ 31% vs 2022
Frictionless Trade Services from Oostende, company number BE0751890946, closed financial year 2023 with a result of € 28,309 after tax. For that financial year Frictionless Trade Services recorded revenue of € 2.6 million and equity of € 278,382. Compared with financial year 2022, the result moved from € 144,427 to € 28,309. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
What happened at Frictionless Trade Services?
What happened at Frictionless Trade Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jack Baxter stepped down as director. NBB
- New annual accounts for financial year 2023: profit of € 28,309 (▼ 80% vs 2022). filed late Source: NBB ↗
- Jack Baxter became a director. NBB
- Daniel Cook stepped down as director. NBB
- George Wrench became a director. NBB
- New establishment in Oostende. KBO
- Daniel Cook became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 104,646 profit in 2021 to € 28,309 profit in 2023.
Paid € 139,017 in corporate taxes since 2021.
Best year ever: 2022, with € 144,427 profit.
Pays suppliers within 49 days on average.
A new publication or filing at Frictionless Trade Services? We notify you, reason included.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
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Management
Behind Frictionless Trade Services is George Wrench.
Directors
According to the 2023 annual accounts
George Wrench
Director
since 2023
Jack Baxter
Director
since 2025 · until 2031
Daniel Cook
Director
since 2020 · until 2025
Establishments
Establishment units
Physical locations of this company
Ijslandstraat 8/010
8400 Oostende
Vergunningenstraat 15
8400 Oostende
Active since 7 August 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
Details
- Company number
- 0751.890.946
- VAT number
- BE 0751.890.946
- Registered office
- Ijslandstraat 8/010, 8400 Oostende
- Names & denominations
- Frictionless Trade Services
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 August 2020
- Peppol
- Active · Active since 14 Jan 2026
- Activities · NACE
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