CAFRAN
ActiveSummary
CAFRAN has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192,897 and a net result of €49,411. Equity has been growing by about 92% per year since 2022. Its solvency ranks better than 85% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-10-2022 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.337.347.731 4600 Visé, since 25-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
Board
Shareholders
- DOUIN Claude Sylvain Julien Joseph100 sharesdeed of 27-10-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Turnover
- €108,439
- ▲ 5.5%
- Profit
- €49,411
- ▲ 14.2%
- Equity
- €192,897
- ▲ 34.4%
- Total assets
- €222,440
- ▲ 6.7%
Score breakdownlowers riskLiquidity: current ratio 7.47, cash €217,782Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €192,897 (86.7% of total assets)Figures for financial year 2025 (filed on 21-07-2026)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency
100+6
equity 86.7% of total assets
Liquidity
98+11
short-term debt 13.2% · cash 97.9%
Profitability
98+2
return on assets 22.2%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.47 (3.04 in 2024), above the usual 1.5. Short-term debt is 13.2% and cash 97.9% of total assets. 13.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 92% on liquidity, 67% on profitability and 67% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 21-07-2026, 10 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
10 days early
2024
7 days late
2023
2 days late
2022
8 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 2 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 August (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 21-07-2026 at the NBB all 4 filings
Turnover
€108,439▲ 5.5%
2024 · €102,834
EBIT margin
68.8%▲ 4.8pp
2024 · 64.1%
Net result
€49,411▲ 14.2%
2024 · €43,251
Working capital
€189,509▲ 43.4%
2024 · €132,176
Multi-year overview
2022 to 2025, 4 financial yearsTurnover
€108,439
▲ 5.5%
2025
20222025
Operating result
€74,648
▲ 13.3%
2025
20222025
Net result
€49,411
▲ 14.2%
2025
middle half of the sector
20222025
EBIT margin
68.8%
▲ 4.8pp
2025
20222025
Equity
€192,897
▲ 34.4%
2025
middle half of the sector
20222025
Total assets
€222,440
▲ 6.7%
2025
middle half of the sector
20222025
Debt
€29,543
▼ 54.5%
2025
20222025
Working capital
€189,509
▲ 43.4%
2025
highest quarter of the sector
20222025
Solvency
86.7%
▲ 17.9pp
2025
highest quarter of the sector
20222025
Current ratio
7.47
▲ 4.43
2025
highest quarter of the sector
20222025
Return on assets (ROA)
22.2%
▲ 1.5pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Turnover€34,500-€148,626▲ 331%€102,834▼ 30.8%€108,439▲ 5.5%
Operating result€32,490-€108,867▲ 235%€65,891▼ 39.5%€74,648▲ 13.3%
Net result€22,284within the sector's middle half-€72,951above the sector's middle half▲ 227%€43,251within the sector's middle half▼ 40.7%€49,411within the sector's middle half▲ 14.2%
EBIT margin94.2%-73.2%▼ 20.9pp64.1%▼ 9.2pp68.8%▲ 4.8pp
Equity€27,284within the sector's middle half-€100,235within the sector's middle half▲ 267%€143,486within the sector's middle half▲ 43.1%€192,897within the sector's middle half▲ 34.4%
Total assets€46,699below the sector's middle half-€156,459within the sector's middle half▲ 235%€208,420within the sector's middle half▲ 33.2%€222,440within the sector's middle half▲ 6.7%
Debt€19,415-€56,224▲ 190%€64,934▲ 15.5%€29,543▼ 54.5%
Working capital€27,284within the sector's middle half-€84,690within the sector's middle half▲ 210%€132,176within the sector's middle half▲ 56.1%€189,509above the sector's middle half▲ 43.4%
Solvency58.4%within the sector's middle half-64.1%within the sector's middle half▲ 5.6pp68.8%within the sector's middle half▲ 4.8pp86.7%above the sector's middle half▲ 17.9pp
Current ratio2.41within the sector's middle half-2.53within the sector's middle half▲ 0.133.04within the sector's middle half▲ 0.507.47above the sector's middle half▲ 4.43
Return on assets (ROA)47.7%above the sector's middle half-46.6%above the sector's middle half▼ 1.1pp20.8%within the sector's middle half▼ 25.9pp22.2%within the sector's middle half▲ 1.5pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 13% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222,440
Fixed assets
€3,620 ▼ 68.0%
Current assets
€218,820 ▲ 11.0%
Equity and liabilities €222,440
Equity
€192,897 ▲ 34.4%
Debt
€29,543 ▼ 54.5%
Debt's share of the balance-sheet total falls from 31.2% to 13.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83,168▲
2024 · €74,209
Cash flow
€57,931▲
2024 · €51,569
Debt to equity
0.15▼
2024 · 0.45
ROE
25.6%▼
2024 · 30.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€29,311▼
2024 · €64,934
Income taxes
€25,189▲
2024 · €22,598
Customer credit
1 day
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €23,279 | €3,171 | €830 |
| Depreciation and write-downs of the year | - | €6,822 | €8,318 | €8,520 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €34,500 | €148,626 | €102,834 | €108,439 | ▲ 5.5% |
| Goods, raw materials, services and sundry goods60/61 | €1,215 | €30,069 | €27,536 | €24,277 | ▼ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,822 | €8,318 | €8,520 | ▲ 2.4% |
| Other operating charges640/8 | €795 | €2,868 | €1,089 | €994 | ▼ 8.7% |
| Gross operating margin9900 | €33,285 | €118,557 | €75,298 | €84,162 | ▲ 11.8% |
| Operating profit (loss)9901 | €32,490 | €108,867 | €65,891 | €74,648 | ▲ 13.3% |
| Financial charges65/66B | €6 | €45 | €42 | €48 | ▲ 14.3% |
| Recurring financial charges65 | €6 | €45 | €42 | €48 | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | €32,484 | €108,822 | €65,849 | €74,600 | ▲ 13.3% |
| Income taxes67/77 | €10,200 | €35,871 | €22,598 | €25,189 | ▲ 11.5% |
| Profit (loss) for the period9904 | €22,284 | €72,951 | €43,251 | €49,411 | ▲ 14.2% |
| Profit (loss) for the period to be appropriated9905 | €22,284 | €72,951 | €43,251 | €49,411 | ▲ 14.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €46,699 | €156,459 | €208,420 | €222,440 | ▲ 6.7% |
| Fixed assets21/28 | - | €16,457 | €11,310 | €3,620 | ▼ 68.0% |
| Tangible fixed assets22/27 | - | €16,457 | €11,310 | €3,620 | ▼ 68.0% |
| Plant, machinery and equipment23 | - | - | €681 | €1,045 | ▲ 53.5% |
| Furniture and vehicles24 | - | €16,457 | €10,629 | €2,575 | ▼ 75.8% |
| Current assets29/58 | €46,699 | €140,002 | €197,110 | €218,820 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €41,745 | €13,915 | - | €159 | - |
| Trade receivables40 | €41,745 | €13,915 | - | €159 | - |
| Cash at bank and in hand54/58 | €4,954 | €126,087 | €187,491 | €217,782 | ▲ 16.2% |
| Deferred charges and accrued income490/1 | - | - | €9,619 | €879 | ▼ 90.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €46,699 | €156,459 | €208,420 | €222,440 | ▲ 6.7% |
| Equity10/15 | €27,284 | €100,235 | €143,486 | €192,897 | ▲ 34.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €22,000 | €94,500 | €137,500 | €186,900 | ▲ 35.9% |
| Non-distributable reserves130/1 | €22,000 | €94,500 | €137,500 | €186,900 | ▲ 35.9% |
| Other1319 | €22,000 | €94,500 | €137,500 | €186,900 | ▲ 35.9% |
| Profit (loss) carried forward14 | €284 | €735 | €986 | €997 | ▲ 1.1% |
| Amounts payable17/49 | €19,415 | €56,224 | €64,934 | €29,543 | ▼ 54.5% |
| Amounts payable within one year42/48 | €19,415 | €55,312 | €64,934 | €29,311 | ▼ 54.9% |
| Trade debts44 | €1,904 | €584 | €215 | - | - |
| Suppliers440/4 | €1,904 | €584 | €215 | - | - |
| Taxes, remuneration and social security45 | €17,235 | €54,352 | €64,138 | €28,671 | ▼ 55.3% |
| Taxes450/3 | €17,235 | €54,352 | €64,138 | €28,671 | ▼ 55.3% |
| Other amounts payable47/48 | €276 | €376 | €581 | €640 | ▲ 10.2% |
| Accrued charges and deferred income492/3 | - | €912 | - | €232 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,284 | €72,951 | €43,251 | €49,411 | ▲ 14.2% |
| + Depreciation and write-downs630 | - | €6,822 | €8,318 | €8,520 | ▲ 2.4% |
| Operating cash flow (approximation) | €22,284 | €79,773 | €51,569 | €57,931 | ▲ 12.3% |
| Investment in fixed assets (approximation) | - | - | -€3,171 | -€830 | ▲ 73.8% |
| Change in cash | - | €121,133 | €61,404 | €30,291 | ▼ 50.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as CAFRAN has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CAFRAN itself is lower: < 0.1% within 12 months. It rests on far more data about CAFRAN than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for CAFRAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Directors
1 director, since incorporation
DOUIN Claude Sylvain Julien Joseph
Current
Director · appointed by deed of 27-10-2022 · term without a fixed end
Owners and capital
Shareholders
At incorporation
deed of 27-10-2022 ↗
- DOUIN Claude Sylvain Julien Joseph 100 shares (100%) · €5,000 in cash
Capital transactions
Capital over time
- 27-10-2022 Incorporation · €5,000 · 100 shares
Network & group
CAFRAN shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of CAFRAN. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
21-07
micro format · 10 days before the deadline
2025
31-12
Financial
Liquidity more than doubledcurrent ratio 7.47
The current ratio rises from 3.04 to 7.47. Short-term debt falls from €64,934 to €29,311.
31-12
Financial
Equity above €150,000equity €192,897 ▲34.4%
With a profit in every financial year since 2022, equity grows to €192,897.
07-08
micro format · 7 days late
2024
02-08
micro format · 2 days late
2023
31-12
Financial
Highest result from 2022 to 2025net €72,951 ▲227%
The operating result of €108,867 and the net result of €72,951 are both a record.
31-12
Financial
Equity above €100,000equity €100,235 ▲267%
With a profit in every financial year since 2022, equity grows to €100,235.
08-08
micro format · 8 days late
2022
27-10
Gazette deed
IncorporationFounding capital of €5,000, 100 shares · Founder: DOUIN Claude Sylvain Julien Joseph (comparant) · Appointment: DOUIN Claude Sylvain Julien Joseph (director)4 points ▸
Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: DOUIN Claude Sylvain Julien Joseph (comparant) · Appointment: DOUIN Claude Sylvain Julien Joseph (director)4 points ▸
- Founder, DOUIN Claude Sylvain Julien Joseph (comparant)
- Founding capital, €5,000, 100 shares
- 100 shares
- Director appointment, DOUIN Claude Sylvain Julien Joseph
- The deed holds 2 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CAFRAN in French
Enterprise number
0792.832.369
Legal form
Private limited company
Status
Active, normal situation
Founded
25-10-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-10-2022 (in French)Registered office and establishments
Registered office
Rue Marchand 103, 4600 Visé, Belgium
Establishment unit
CAFRAN, Rue Marchand 103, 4600 Visé since 25-10-2022 · unit number 2.337.347.731
E-mail
claude.douin@douin.be
Phone
+32498900591
Activities
NACEBEL 202570200
Business and other management consultancy main activity
64210
Activities of holding companies
71121
Engineering and related technical consultancy, excluding land surveyors
73300
Public relations and communication consultancy
Codes under NACEBEL 2008
70220
Business consulting main activity
64200
Holdings
70210
Activities of head offices; management consultancy activities
71121
Engineering activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 27-10-2022 (in French)
“Toute activité de gestion, d’administration, de direction et d’organisation de toutes sociétés; Toutes les prestations de services, de…”
16 activities
- Toute activité de gestion, d’administration, de direction et d’organisation de toutes sociétés
- Toutes les prestations de services, de conseil, d'ingénierie, de consultance, d’expertise technique, de gestion et d’organisation d’entreprises, de lobbying, d’intermédiaire, de mise en contact, d’assistance, de formation, de renseignements dans son sens le plus large
- Le conseil en organisation et gestion d’entreprises actives au sens large, la représentation et l’intervention en tant qu’intermédiaire d'affaires dans tous les domaines du commerce et des services nationaux et internationaux ; le conseil et l’assistance aux entreprises en matière de planification, d’organisation, de recherche du rendement, de contrôle, d’information de gestion, de commercialisation, de finances et de développement de nouveaux produits ; le calcul des coûts et des profits des mesures proposées en matière de planification, d’organisation, de rendement ; les activités d’audit général
- L'activité de conseil en matière financière, technique, informatique, marketing, relations publiques, communication, commerciale et administrative, au sens large, l'assistance et la fourniture de services, directement ou indirectement, dans le domaine administratif, informatique et financier, dans les ventes, la production ou la gestion en général.
- Le développement, l'achat, la vente, la concession comme preneur ou concédant de licences, de brevets, de savoir-faire et d'autres immobilisations incorporelles.
- La prise de participation sous quelque forme que ce soit dans toutes sociétés et entreprises.
- L'assistance, le conseil et la gestion de sociétés ou groupes de sociétés de toutes formes, notamment sur le plan du management, de la gestion financière, de la gestion administrative, du marketing, de la production, de la recherche-développement et de la gestion des ressources humaines.
- La gestion de mandats de cession et d’acquisition d’entreprises, confiés par des cédants ou des acquéreurs.
- La participation à la création et au développement d’entreprises industrielles, financières ou immobilières et l’assistance de ces entreprises, que ce soit par des prêts, des avances, des garanties ou de toute autre manière.
- Les activités de bureau d’études et de conseil spécialisé dans les relations entre les entreprises privées et institutionnels.
- La création, la promotion, la gestion et l’organisation de tous types d’évènements de n’importe quelle nature, fêtes, réceptions, réunions, séminaires, expositions, spectacles, loisirs, festivals, manifestations, salons, foires, assemblées, meetings.
- Toutes activités d’intermédiaire commercial dans les domaines ci-dessus énumérés et dans tous secteurs dont l’activité n’est pas réglementée à ce jour.
- La création d’objets de communication visuelle, notamment la création des éléments graphiques de sites internet, d’applications mobiles ou sur support papier;
- Le coaching et la formation se rapportant directement ou indirectement à son objet;
- L'exercice de toutes missions d'administration et l'exercice de mandats et de fonctions se rapportant directement et indirectement à son objet.
- La promotion, la location, l’achat, la vente, l’importation, l’exportation, l’échange, l’exploitation, la gestion, la mise en valeur, le lotissement, la transformation de tous immeubles ou parties divises ou indivises d’immeubles généralement quelconques, pour son propre compte, à l’exception des activités règlementées par l’Arrêté Royal du 6 septembre 1993 protégeant le titre professionnel et l’exercice de la profession d’agent immobilier.
Invoicing and payment
VAT number
BE 0792.832.369
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June at 18:00
deed of 27-10-2022 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
1,803 m²
Building footprint
119 m²
Building volume
889 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62108E0088/00E000 | Wallonia | 1,803 m² | 1 · 119 m² | 11.3 m · 3 |