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DAVID FRABEL

Active
Private limited companyfounded 1995active for 31 yearsRue de Namur(MSA) 28, 7141 Morlanwelz, BelgiumKBO/BCE: BE 0456.314.328
Summary

DAVID FRABEL has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,151 and a net result of -€5,523. Equity has been growing by about 3.1% per year since 2018. Its solvency ranks better than 30% of 9,898 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 13-10-1995 Normal situation
Activity
General electrical installation work NACE 43211
Establishment unit
2.073.826.445 7141 Morlanwelz, since 10-11-1995
Financial year end
31 December
Peppol
Reachable since 23-12-2025

Board and ownership

Board

Financial position

68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts 2025
Gross margin
€7,025
▼ 59.4%
Turnover
≈ €58,000
estimated
Loss
€5,523
Equity
€26,151
▼ 17.4%
Total assets
€93,317
▼ 3.3%
Staff
≈ 0 FTE
estimated
  • 2025 accounts filed 3 days after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Loss of €5,523 (financial year 2025)lowers riskFounded in 1995Size: total assets €93,317Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 21% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 53-5
equity 28.0% of total assets
Liquidity 30-10
short-term debt 56.5% · cash 7.5%
Profitability 30-14
return on assets -5.9%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.7%▲ +0.1 percentage points vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.6%▼ -0.1 percentage points vs 05-2025 07-2025: 0.9%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 0.3%▼ -0.6 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026lowest value 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026 09-2026: 0.6%▼ -0.2 percentage points vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26 (1.41 in 2024), below the usual 1.5. Short-term debt is 56.5% and cash 7.5% of total assets. 72% 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 43, micro). It does better than 30% of them on solvency, 19% on liquidity, 16% on profitability and 20% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Loss of €5,523 (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 1995
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €93,317
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
3 days late
2024
29 days early
2023
34 days early
2022
6 days early
2021
1 day late
2020
3 days early
2019
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 25 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Less equity than 85% of companies in specialised constructionsector median €251,299 · 9,900 companies €26,151 View

Recent changes

  1. · Gazette deed Miscellaneous
  2. · Gazette deed Resignation: David FRABEL (manager)Reappointment: David FRABEL (director)
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as DAVID FRABEL: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €69,100 and €100,000, founded between 1993 and 2003.

CompanyTotal assetsGross margin
DAVID FRABEL Morlanwelz€93,317€7,025
PLUYM Ravels€88,587€6,201
RAHTON Herk-de-Stad€100,133€5,944
ElektronTienen Tienen€84,093€8,289
E S V Beveren-Kruibeke-Zwijndrecht€81,681€8,381
DELTA - TRIM Charleroi€69,147€7,390
ELEC-DV La Louvière€77,219€7,722
Full comparison

Key facts about DAVID FRABEL

What is the company number of DAVID FRABEL?
The company number of DAVID FRABEL is 0456.314.328. The VAT number is the same number with BE in front: BE 0456.314.328.
Where is DAVID FRABEL based?
The registered office is at Rue de Namur(MSA) 28, 7141 Morlanwelz.Company details
What does DAVID FRABEL do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of DAVID FRABEL?
The legal form of DAVID FRABEL is Private limited company (BV).
When was DAVID FRABEL founded?
DAVID FRABEL was founded on 13-10-1995.
Is DAVID FRABEL still active?
Yes, DAVID FRABEL is an active enterprise in the KBO register.
How many employees does DAVID FRABEL have?
DAVID FRABEL had an average of 2.1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of DAVID FRABEL?
The turnover in financial year 2025 is ≈ €58,000. This figure is estimated from the gross margin of €7,025 and 124 comparable companies (NACE 43211). It probably lies between €38,000 and €120,000. It is a rough estimate.
Is DAVID FRABEL profitable?
In financial year 2025, DAVID FRABEL made a loss of €5,523.
Where can I find the annual accounts of DAVID FRABEL?
DAVID FRABEL filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of DAVID FRABEL due?
DAVID FRABEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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