A-Frame
ActiveSummary
A-Frame has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-24k. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-26
Solvency71▼-15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 2.62 in 2024; short-term debt: 52.5% and cash: 81.7% of total assets), but 53.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.3%
Return on assets
-29.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-03-2026, 56 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
56 d early
2024
43 d early
2023
47 d early
2022
45 d early
2021
2 d early
2020
7 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€38k▼ 38.8%
2024 · €63k
Total assets
€83k▼ 19.1%
2024 · €103k
Net result
€-24k
2024 · €2k
Working capital
€39k▼ 38.8%
2024 · €63k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€82k€15k▼ 82.1%€32k▲ 119%€3k▼ 89.6%€-12k
Net result€65k€6k▼ 90.3%€20k▲ 225%€2k▼ 89.2%€-24k
Equity€34k€40k▲ 18.7%€61k▲ 51.1%€63k▲ 3.6%€38k▼ 38.8%
Total assets€126k▲ 5,065%€84k▼ 33.3%€92k▲ 9.6%€103k▲ 11.6%€83k▼ 19.1%
Debt€92k▲ 176%€44k▼ 52.4%€31k▼ 28.3%€40k▲ 26.8%€45k▲ 11.9%
Working capital€32k€37k▲ 16.0%€59k▲ 57.2%€63k▲ 7.5%€39k▼ 38.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€923 ▲ 17.4%
Current assets
€82k ▼ 19.4%
Equity and liabilities €83k
Equity
€38k ▼ 38.8%
Debt
€45k ▲ 11.9%
Debt's share of the balance-sheet total rises from 38.9% to 53.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2024 · €5k
Cash flow
€-23k▼
2024 · €3k
Current ratio
1.88▼
2024 · 2.62
Debt to equity
1.16▲
2024 · 0.64
ROE
-63.3%▼
2024 · 3.5%
ROA
-29.3%▼
2024 · 2.2%
Interest coverage
-0.90▼
2024 · 0.60
Debt ≤ 1 year
€44k▲
2024 · €39k
Income taxes
€0▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €340 | €843 | €1k | €1k | €991 | ▼ 15.5% |
| Other operating charges640/8 | €564 | €348 | €0 | - | €531 | - |
| Gross operating margin9900 | €83k | €16k | €34k | €5k | €-11k | ▼ 333% |
| Operating profit (loss)9901 | €82k | €15k | €32k | €3k | €-12k | ▼ 460% |
| Financial income75/76B | €1 | €519 | €82 | €8k | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €519 | €82 | €8k | €0 | ▼ 100% |
| Financial charges65/66B | €3k | €6k | €1k | €7k | €12k | ▲ 64.7% |
| Recurring financial charges65 | €3k | €6k | €1k | €7k | €12k | ▲ 64.7% |
| Profit (loss) for the period before taxes9903 | €79k | €9k | €31k | €4k | €-24k | ▼ 728% |
| Income taxes67/77 | €15k | €3k | €11k | €2k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €65k | €6k | €20k | €2k | €-24k | ▼ 1,201% |
| Profit (loss) for the period to be appropriated9905 | €65k | €6k | €20k | €2k | €-24k | ▼ 1,201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126k | €84k | €92k | €103k | €83k | ▼ 19.1% |
| Fixed assets21/28 | €2k | €3k | €2k | €786 | €923 | ▲ 17.4% |
| Tangible fixed assets22/27 | €2k | €3k | €2k | €786 | €923 | ▲ 17.4% |
| Plant, machinery and equipment23 | €2k | €3k | €1k | €481 | €807 | ▲ 67.7% |
| Furniture and vehicles24 | - | - | €494 | €305 | €117 | ▼ 61.8% |
| Current assets29/58 | €124k | €81k | €90k | €102k | €82k | ▼ 19.4% |
| Amounts receivable within one year40/41 | €47k | €29k | €17k | €8k | €14k | ▲ 70.5% |
| Trade receivables40 | €47k | €11k | €16k | €0 | €5k | - |
| Other amounts receivable41 | €232 | €18k | €822 | €8k | €9k | ▲ 14.5% |
| Cash at bank and in hand54/58 | €77k | €51k | €72k | €94k | €68k | ▼ 27.6% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €0 | €427 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126k | €84k | €92k | €103k | €83k | ▼ 19.1% |
| Equity10/15 | €34k | €40k | €61k | €63k | €38k | ▼ 38.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €28k | €34k | €54k | €57k | €57k | = |
| Distributable reserves133 | €28k | €34k | €54k | €57k | €57k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-24k | - |
| Amounts payable17/49 | €92k | €44k | €31k | €40k | €45k | ▲ 11.9% |
| Amounts payable within one year42/48 | €92k | €44k | €31k | €39k | €44k | ▲ 12.2% |
| Trade debts44 | €4k | €2k | €2k | €9k | €525 | ▼ 94.0% |
| Suppliers440/4 | €4k | €2k | €2k | €9k | €525 | ▼ 94.0% |
| Taxes, remuneration and social security45 | €29k | €321 | €6k | €37 | €68 | ▲ 84.8% |
| Taxes450/3 | €29k | €321 | €6k | €37 | €68 | ▲ 84.8% |
| Other amounts payable47/48 | €60k | €42k | €23k | €30k | €43k | ▲ 43.2% |
| Accrued charges and deferred income492/3 | - | - | - | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €6k | €20k | €2k | €-24k | ▼ 1,201% |
| + Depreciation and write-downs630 | €340 | €843 | €1k | €1k | €991 | ▼ 15.5% |
| Operating cash flow (approximation) | €65k | €7k | €22k | €3k | €-23k | ▼ 790% |
| Investment in fixed assets (approximation) | - | €-2k | €-565 | €0 | €-1k | - |
| Change in cash | - | €-26k | €21k | €22k | €-26k | ▼ 219% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €65k
Net result €65k after 3 loss-making years.
30-09
Financial
Liquidity times 18current ratio 1.35
Current ratio from 0.07 to 1.35.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2016
Ground area
954 m²
Building footprint
140 m²
Volume, LiDAR
954 m³
Parcel 24302F0124/00G002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
A-Frame Communications
since 20162.257.397.955
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302F0124/00G002 | Flanders | 953 m² | 1 · 140 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 36,430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-10-2016
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
63910Web portal activities
63920Other information service activities
73300Public relations and communication consultancy
85592Vocational training
91110Libraries, archives, museums and other cultural activities
Scores and ratios are computed by Checked and are not a credit decision.