DAVID FRABEL
ActiveDAVID FRABEL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €-6k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-14
Solvency53▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.41 in 2024; short-term debt: 56.5% and cash: 7.5% of total assets), and 72% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
28%
Return on assets
-5.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
29 d early
2023
34 d early
2022
6 d early
2021
1 d late
2020
3 d early
2019
27 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k
2024 · €62
2018: €-2k
2019: €900
2020: €-4k
2021: €-353
2022: €21k
2023: €584
2024: €62
2018 → 2025
Working capital
€14k▼ 21.1%
2024 · €18k
2018: €9k
2019: €17k
2020: €16k
2021: €16k
2022: €37k
2023: €17k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€43k▲ 92.4%€32k▼ 26.5%€32k▲ 0.2%€26k▼ 17.4%
Operating result€3k-€26k▲ 721%€3k▼ 89.9%€5k▲ 73.9%€-3k
Net result€-353-€21k€584▼ 97.2%€62▼ 89.3%€-6k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€27k▼ 24.8%
Current assets
€67k▲ 9.2%
Equity and liabilities €93k
Equity
€26k▼ 17.4%
Debt
€67k▲ 3.6%
The debt ratio rises from 67.2% to 72.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €13k
Cash flow
€4k▼
2024 · €9k
Solvency
28.0%▼
2024 · 32.8%
Current ratio
1.26▼
2024 · 1.41
Quick ratio
1.01▼
2024 · 1.39
Debt / equity
2.57▲
2024 · 2.05
ROE
-21.1%▼
2024 · 0.2%
ROA
-5.9%▼
2024 · 0.1%
Interest coverage
2.24▼
2024 · 3.06
Debt
€67k▲
2024 · €65k
Debt ≤ 1 year
€53k▲
2024 · €43k
Debt > 1 year
€14k▼
2024 · €21k
Income taxes
€141▼
2024 · €310
Staff costs
€56▼
2024 · €217
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€96k€93k▼
Fixed assets21/28€35k€27k▼
Tangible fixed assets22/27€34k€26k▼
Plant, machinery and equipment23€1k€987▼
Furniture and vehicles24€32k€24k▼
Other tangible fixed assets26€538€436▼
Financial fixed assets28€1k€1k=
Current assets29/58€61k€67k▲
Stocks and contracts in progress3€864€13k▲
Stocks30/36€864€13k▲
Amounts receivable within one year40/41€50k€45k▼
Trade receivables40€48k€41k▼
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€9k€7k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€96k€93k▼
Equity10/15€32k€26k▼
Contributions10/11€7k€7k=
Reserves13€21k€21k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€4k€-1k▼
Amounts payable17/49€65k€67k▲
Amounts payable after more than one year17€21k€14k▼
Financial debts170/4€21k€14k▼
Amounts payable within one year42/48€43k€53k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€34k€36k▲
Suppliers440/4€34k€36k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€1k€4k▲
Remuneration and social security454/9€700€700=
Other amounts payable47/48€1k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€217€56▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€440€798▲
Gross operating margin9900€17k€7k▼
Operating profit (loss)9901€5k€-3k▼
Financial income75/76B€136€325▲
Recurring financial income75€136€325▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€373€-5k▼
Income taxes67/77€310€141▼
Profit (loss) for the period9904€62€-6k▼
Profit (loss) for the period to be appropriated9905€62€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-1k▼
Profit (loss) brought forward from the previous period14P€4k€4k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €-6k ▼8970%
Net result drops to €-6k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Back to profitnet €900
Net result €900 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Morlanwelz · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Namur(MSA) 287141 MorlanwelzGround area
431 m²
Building footprint
53 m²
Volume, LiDAR
624 m³
Parcel 56055A0307/00K000, Wallonia · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DAVID FRABEL SPRL
since 19952.073.826.445
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56055A0307/00K000 | Wallonia | 431 m² | 1 · 53 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BAG-elec
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AM ELECTRICITE SRL
BE 0715.946.607
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TMN TECHNOLOGY
BE 0800.696.495
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MV ELECTRIQ
BE 1003.988.305
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BATITEC
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,761 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-1995
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.