Checked.be
Active
BE 0877.156.548Private limited company
DE BLANDER FRANK
Rollebaan 92 ·9860 Oosterzele, Belgium· 20 yrs active
Sector: Joinery installation
(43320)
Conclusion
DE BLANDER FRANK has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €12k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 26784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €67k |
| Net result | €12k |
| Better than sector | 68% |
| Active | 20 yrs |
Financial profile
85
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
92
Solvency
99
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 20 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€7k
estimate, not credit advice
Score history
75
2020
75
2021
100
2022
76
2023
86
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.70 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.84 (≥ 1.0)
+5
Leverage
Debt/equity 0.56 (< 1.0)
+10
Profitability
ROE 18% (≥ 10%)
+10
Interest coverage
Interest coverage 31.2× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 10-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~6.3%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.0% | 47.4% | |
| Net result | €12k | €10k | |
| Equity | €67k | €60k | |
| Gross operating margin | €20k | €39k | |
| Total assets | €105k | €141k |
€19k
+164.5%
20-25
€12k
+267.9%
20-25
€13k
+185.7%
20-25
€105k
-12.3%
20-25
€67k
+0.4%
20-25
€64k
-2.7%
20-25
€87
-37.9%
20-25
€6k
+253.2%
20-25
€12k
+605.4%
20-25
€38k
-28.4%
20-25
€38k
-28.4%
20-25
2.70
+20.0%
20-25
1.84
+13.6%
20-25
64.0%
+14.5%
20-25
0.56
-28.7%
20-25
18.4%
+266.4%
20-25
11.8%
+319.6%
20-25
31.18
+235.0%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €19k | €7k | €7k | €34k | - |
| Net profit | €12k | €3k | €4k | €24k | €2k |
| Cash flow | €13k | €5k | €5k | €24k | - |
| Staff costs | - | - | - | €87 | €140 |
| Income taxes | €6k | €2k | €3k | €10k | €6k |
| Dividends | €12k | €2k | €42k | €2k | €14k |
| Total assets | €105k | €120k | €132k | €136k | €117k |
| Equity | €67k | €67k | €65k | €103k | €81k |
| Debt | €38k | €53k | €67k | €33k | €36k |
| of which ≤ 1y | €38k | €53k | €67k | €33k | €36k |
| of which > 1y | - | - | - | - | - |
| Working capital | €64k | €66k | €63k | €100k | €81k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.70 | 2.25 | 1.94 | 4.05 | 3.23 |
| Quick ratio | 1.84 | 1.62 | 1.39 | 2.64 | 2.41 |
| Working capital ratio | 61.1% | 55.1% | 47.7% | 73.7% | 69.0% |
| Solvency | 64.0% | 55.9% | 49.4% | 75.8% | 69.0% |
| Debt / equity | 0.56 | 0.79 | 1.03 | 0.32 | 0.45 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 31.18 | 9.31 | 9.63 | 51.81 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 11.8% | 2.8% | 3.3% | 17.5% | 1.4% |
| ROE | 18.4% | 5.0% | 6.6% | 23.1% | 2.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €105k | €120k | €132k | €136k | €117k |
| Fixed assets | 21/28 | €3k | €999 | €2k | €3k | - |
| Tangible fixed assets | 22/27 | €3k | €999 | €2k | €3k | - |
| Current assets | 29/58 | €102k | €119k | €130k | €133k | €117k |
| Stocks & contracts in progress | 3 | €33k | €33k | €37k | €46k | €30k |
| Amounts receivable within one year | 40/41 | €35k | €25k | €33k | €20k | €3k |
| Investments | 50/53 | €12k | €5k | €12k | €6k | €8k |
| Cash & bank | 54/58 | €22k | €9k | €2k | €12k | €28k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €105k | €120k | €132k | €136k | €117k |
| Equity | 10/15 | €67k | €67k | €65k | €103k | €81k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €61k | €61k | €57k | €93k | €69k |
| Accumulated profits (losses) | 14 | - | €331 | €2k | €4k | €5k |
| Amounts payable | 17/49 | €38k | €53k | €67k | €33k | €36k |
| Amounts payable within one year | 42/48 | €38k | €53k | €67k | €33k | €36k |
| Trade debts payable within one year | 44 | €10k | €10k | €9k | €12k | €9k |
| Income statement | ||||||
| Gross operating margin | 9900 | €20k | €8k | €8k | €35k | €9k |
| Operating result | 9901 | €18k | €6k | €6k | €33k | €7k |
| Financial income | 75 | €1k | €40 | €2k | €942 | €1k |
| Financial charges | 65 | €608 | €770 | €682 | €655 | €645 |
| Result before taxes | 9903 | €19k | €5k | €7k | €34k | €8k |
| Income taxes | 67/77 | €6k | €2k | €3k | €10k | €6k |
| Net result for the period | 9904 | €12k | €3k | €4k | €24k | €2k |
| Result to be appropriated | 9905 | €12k | €3k | €4k | €24k | €17k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 03-11-2005 |
| Status | Active |
| Postal code | 9860 |
Establishment units
De Blander Frank
since 20052.150.093.387
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44046A0639/00L000 | Flanders | 1,102 m² | 1 · 176 m² | 9.2 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Highest result since 2020net €24k ▲1334%
Operating result €33k, net result €24k, both a record.
31-12
Financial
Equity above €100kEq €103k ▲27.5%
3 profitable years in a row build equity to €103k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €2k ▼91.2%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Joinery installation4332045421
Names & trade names
| Legal nameNL | DE BLANDER FRANK |
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