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BENJAMIN FRANKLIN

Active
Private limited companyfounded 20206 yrs activeKolonel Dusartplein 20, 3500 Hasselt, BelgiumKBO/BCE: BE 0743.646.837
Summary

BENJAMIN FRANKLIN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€309,108) and a net result of -€197,741. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 9436 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

What they do
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
How big
€3.6mtotal assets 2025
Equity
-€309,108
Loss
-€197,741
Turnover not published (abridged schema)
Financially healthy?
42 Weak Checked score 2025
Bankruptcy chance 12 m
0.8%
Who decides
Parent
VIVET PROJECTS · 100%
Accounts 23 d early0 of 3 deeds read
Why 42- Limited track record- Annual accounts: weaker financial profile- Negative equity+ Lower-failure-rate sectorLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability24▼-5
Solvency16▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.13 in 2024; short-term debt: 39% and cash: 0.5% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2025
Solvency, return and age of the figures
Solvency
-8.6%
Return on assets
-5.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€309,108
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 08-07-2026, 23 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
23 d early
2024
17 d early
2023
8 d early
2022
18 d late
2021
17 d early
2020
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 14 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet -€197,741
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Financials

Fiscal year 2025Total assets €3.6mLoss -€197,741Solvency -8.6%Liquidity 0.32
Total assets
€3.6m▲ 7.3%
2020 - 2025
Net result
-€197,741▼ 68.7%
2020 - 2025
Equity
-€309,108▼ 178%
2020 - 2025
Solvency
-8.6%▼ 5.3pp
2020 - 2025

Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Trend over the years6 fiscal years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€0.001m▲ 1.2%€0.1m-€0.08m-€0.1m▼ 47.9%-€0.2m▼ 68.7%
Net result-€0.002mwithin the sector's middle half▲ 36.6%€0.1mwithin the sector's middle half-€0.1mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 12.5%-€0.2mbelow the sector's middle half▼ 68.7%
Equity€0.001mbelow the sector's middle half▼ 70.1%€0.1mwithin the sector's middle half▲ 12,795%€0.006mbelow the sector's middle half▼ 94.7%-€0.1mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 178%
Total assets€3.8mwithin the sector's middle half▲ 2.0%€3.6mwithin the sector's middle half▼ 6.7%€3.5mwithin the sector's middle half▼ 2.0%€3.4mwithin the sector's middle half▼ 3.3%€3.6mwithin the sector's middle half▲ 7.3%
Debt€3.8m▲ 2.0%€3.4m▼ 9.5%€3.5m▲ 1.0%€3.5m=€3.9m▲ 12.7%
Working capital€3.0mabove the sector's middle half▼ 3.4%€3.0mabove the sector's middle half▼ 0.6%-€0.6mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 13.5%-€1.0mbelow the sector's middle half▼ 30.4%
Solvency0.0%below the sector's middle half▼ 0.1pp3.1%below the sector's middle half▲ 3.1pp0.2%below the sector's middle half▼ 2.9pp-3.3%below the sector's middle half▼ 3.5pp-8.6%below the sector's middle half▼ 5.3pp
Current ratio4.74above the sector's middle half▼ 1.256.28above the sector's middle half▲ 1.540.10below the sector's middle half▼ 6.180.13below the sector's middle half▲ 0.030.32below the sector's middle half▲ 0.19
Return on assets (ROA)-0.1%within the sector's middle half=3.1%within the sector's middle half▲ 3.1pp-3.0%below the sector's middle half▼ 6.1pp-3.5%below the sector's middle half▼ 0.5pp-5.5%below the sector's middle half▼ 2.0pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2021: -€1,029-€1,029Net result 2021: -€1,997-€1,997Operating result 2022: €114,810€114,810Net result 2022: €109,164€109,164Operating result 2023: -€79,237-€79,237Net result 2023: -€104,185-€104,185Operating result 2024: -€117,199-€117,199Net result 2024: -€117,199-€117,199Operating result 2025: -€197,741-€197,741Net result 2025: -€197,741-€197,74120212022202320242025-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€79,237-€79,200Net result 2023: -€104,185-€104,000Operating result 2024: -€117,199-€117,000Net result 2024: -€117,199Operating result 2025: -€197,741-€198,000Net result 2025: -€197,741202320242025
The operating result stays negative: a loss of €197,741 in 2025 against €117,199 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.6m
Fixed assets €3.2m ▼ 3.1%
Current assets €457,161 ▲ 310%
Equity and liabilities
Equity-€309,108
Debt€3.9m
Equity is negative: debt (€3.9m) exceeds the balance-sheet total (€3.6m).
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
-€96,836▼
2024 · -€16,294
Cash flow
-€96,836▼
2024 · -€16,294
Quick ratio
0.26▲
2024 · 0.07
Debt ≤ 1 year
€1.4m▲
2024 · €841,265
Debt > 1 year
€2.5m▼
2024 · €2.6m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,167 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a small loss
2.0% went bankrupt
2.8% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,167 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.4m€3.6m▲
Fixed assets21/28€3.3m€3.2m▼
Tangible fixed assets22/27€3.3m€3.2m▼
Land and buildings22€3.3m€3.2m▼
Current assets29/58€0.1m€0.5m▲
Stocks and contracts in progress3€0.05m€0.09m▲
Stocks30/36€0.05m€0.09m▲
Amounts receivable within one year40/41€0.06m€0.4m▲
Trade receivables40€0.01m€0.008m▼
Other amounts receivable41€0.05m€0.3m▲
Cash at bank and in hand54/58-€0.02m
Equity and liabilities
Total equity and liabilities10/49€3.4m€3.6m▲
Equity10/15-€0.1m-€0.3m▼
Contributions10/11€0.006m€0.006m=
Profit (loss) carried forward14-€0.1m-€0.3m▼
Amounts payable17/49€3.5m€3.9m▲
Amounts payable after more than one year17€2.6m€2.5m▼
Financial debts170/4€2.6m€2.5m▼
Amounts payable within one year42/48€0.8m€1.4m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m=
Financial debts43€0.009m€1.3m▲
Credit institutions430/8€0.009m€1.3m▲
Trade debts44€73-
Suppliers440/4€73-
Other amounts payable47/48€0.7m€0.02m▼
Accrued charges and deferred income492/3-€0.001m
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m=
Other operating charges640/8€0.08m€0.2m▲
Gross operating margin9900€0.07m€0.06m▼
Operating profit (loss)9901-€0.1m-€0.2m▼
Profit (loss) for the period before taxes9903-€0.1m-€0.2m▼
Profit (loss) for the period9904-€0.1m-€0.2m▼
Profit (loss) for the period to be appropriated9905-€0.1m-€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.1m-€0.3m▼
Profit (loss) brought forward from the previous period14P-€168-€0.1m▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€287,411----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€100,905€100,905€100,905=
Other operating charges640/8€28,053€13,205€20,254€82,464€156,218▲ 89.4%
Non-recurring operating charges66A-€279,467----
Gross operating margin9900€27,024€407,482€41,922€66,170€59,382▼ 10.3%
Operating profit (loss)9901-€1,029€114,810-€79,237-€117,199-€197,741▼ 68.7%
Financial charges65/66B€968€0€609---
Recurring financial charges65€968€0€609---
Profit (loss) for the period before taxes9903-€1,997€114,810-€79,846-€117,199-€197,741▼ 68.7%
Income taxes67/77-€5,647€24,339---
Profit (loss) for the period9904-€1,997€109,164-€104,185-€117,199-€197,741▼ 68.7%
Profit (loss) for the period to be appropriated9905-€1,997€109,164-€104,185-€117,199-€197,741▼ 68.7%
Line20212022202320242025Change
Assets
Total assets20/58€3.8m€3.6m€3.5m€3.4m€3.6m▲ 7.3%
Fixed assets21/28--€3.4m€3.3m€3.2m▼ 3.1%
Tangible fixed assets22/27--€3.4m€3.3m€3.2m▼ 3.1%
Land and buildings22--€3.4m€3.3m€3.2m▼ 3.1%
Current assets29/58€3.8m€3.6m€0.07m€0.1m€0.5m▲ 310%
Stocks and contracts in progress3€3.8m€3.5m€0.05m€0.05m€0.09m▲ 73.6%
Stocks30/36€3.8m€3.5m€0.05m€0.05m€0.09m▲ 73.6%
Amounts receivable within one year40/41€0.02m€0.02m€0.02m€0.06m€0.4m▲ 470%
Trade receivables40€0.02m€0.02m€0.01m€0.01m€0.008m▼ 42.2%
Other amounts receivable41€188€0.004m€0.007m€0.05m€0.3m▲ 623%
Cash at bank and in hand54/58----€0.02m-
Equity and liabilities
Total equity and liabilities10/49€3.8m€3.6m€3.5m€3.4m€3.6m▲ 7.3%
Equity10/15€0.001m€0.1m€0.006m-€0.1m-€0.3m▼ 178%
Contributions10/11€0.006m€0.006m€0.006m€0.006m€0.006m=
Profit (loss) carried forward14-€0.005m€0.1m-€168-€0.1m-€0.3m▼ 168%
Amounts payable17/49€3.8m€3.4m€3.5m€3.5m€3.9m▲ 12.7%
Amounts payable after more than one year17€3.0m€2.9m€2.8m€2.6m€2.5m▼ 4.8%
Financial debts170/4€3.0m€2.9m€2.8m€2.6m€2.5m▼ 4.8%
Amounts payable within one year42/48€0.8m€0.6m€0.7m€0.8m€1.4m▲ 67.5%
Current portion of amounts payable after more than one year42€0.1m€0.1m€0.1m€0.1m€0.1m=
Financial debts43€0.001m€0.02m€0.003m€0.009m€1.3m▲ 13,427%
Credit institutions430/8€0.001m€0.02m€0.003m€0.009m€1.3m▲ 13,427%
Trade debts44€0.02m€0.007m€0.008m€73--
Suppliers440/4€0.02m€0.007m€0.008m€73--
Advances received on contracts in progress46€0.3m-----
Taxes, remuneration and social security45-€0.006m€0.006m---
Taxes450/3-€0.006m€0.006m---
Other amounts payable47/48€0.4m€0.4m€0.6m€0.7m€0.02m▼ 96.7%
Accrued charges and deferred income492/3----€0.001m-
Line20212022202320242025Change
Profit (loss) for the period9904-€1,997€109,164-€104,185-€117,199-€197,741▼ 68.7%
+ Depreciation and write-downs630--€100,905€100,905€100,905=
Operating cash flow (approximation)-€1,997€109,164-€3,280-€16,294-€96,836▼ 494%
Investment in fixed assets (approximation)---€55,500€0▼ 100%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,695 companies in this sector we hold annual accounts for 7,393. See the whole sector

Board & ownership

Parent VIVET PROJECTS · 100%

Directors

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →

Structure & network

Owners and holdings

1 owner

Chain of control

  1. VMS HOLDING 100%
  2. VIVET PROJECTS 100%
  3. BENJAMIN FRANKLIN

Highest known parent: VMS HOLDING. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No directors read yet: 0 of 3 Gazette acts processed.

Timeline

9 eventsLatest 08-07-2026Next filing 31-07-2027

History

On 13 February 2020, BENJAMIN FRANKLIN was incorporated as a Private limited company.1 Total assets went from €3.7m in 2020 to €3.6m in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€197,741
Net result drops to -€197,741, the lowest in the series.
14-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
31-12
Financial Back to profitnet €109,164
Net result €109,164 after 2 loss-making years.
31-12
Financial Equity above €100,000Eq €110,017 ▲12,795%
Equity rises from €853 to €110,017.
14-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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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Company details

Private limited company · founded 13-02-2020Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded13-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0743646837
Also 9925:BE0743646837

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
789 m²
Building footprint
257 m²
Volume, LiDAR
3,851 m³
Parcel 71022H0530/00R003, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
57 companies at this address See who is registered here
1 establishment unit
BENJAMIN FRANKLIN
Kolonel Dusartplein 20, 3500 HasseltBuying and selling of own real estate
since 2020unit no. 2.303.004.781
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71022H0530/00R003 Flanders 789 m² 1 · 257 m² 17.6 m · 5 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.

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