DEFRAMA PLUS
ActiveDEFRAMA PLUS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €590k and a net result of €-116k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 13935 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-36
Solvency61▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.05 in 2024; short-term debt: 64.2% and cash: 0% of total assets), and 64.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-116k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-04-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
17 d early
2023
27 d early
2022
21 d early
2021
2 d early
2020
8 d early
2019
11 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€590k▼ 16.4%
2024 · €705k
2018: €985k
2019: €1.06M
2020: €1.06M
2021: €965k
2022: €861k
2023: €747k
2024: €705k
2018 → 2025
Total assets
€1.65M▼ 4.1%
2024 · €1.72M
2018: €2.79M
2019: €2.90M
2020: €2.91M
2021: €2.95M
2022: €2.74M
2023: €1.81M
2024: €1.72M
2018 → 2025
Net result
€-116k▼ 180%
2024 · €-41k
2018: €4k
2019: €71k
2020: €2k
2021: €-94k
2022: €-104k
2023: €-115k
2024: €-41k
2018 → 2025
Working capital
€-994k▼ 3.3%
2024 · €-961k
2018: €-1.19M
2019: €-1.02M
2020: €-948k
2021: €-949k
2022: €-985k
2023: €-1.01M
2024: €-961k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€965k-€861k▼ 10.8%€747k▼ 13.3%€705k▼ 5.5%€590k▼ 16.4%
Operating result€-88k-€-95k▼ 8.3%€-101k▼ 6.5%€-12k▲ 87.9%€-61k▼ 401%
Net result€-94k-€-104k▼ 11.3%€-115k▼ 10.0%€-41k▲ 63.9%€-116k▼ 180%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €61k in 2025 against €12k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.65M
Fixed assets
€1.58M▼ 5.0%
Current assets
€64k▲ 25.1%
Equity and liabilities €1.65M
Equity
€590k▼ 16.4%
Debt
€1.06M▲ 4.5%
The debt ratio rises from 58.9% to 64.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22k▼
2024 · €74k
Cash flow
€-32k▼
2024 · €45k
Solvency
35.8%▼
2024 · 41.1%
Current ratio
0.06▲
2024 · 0.05
Quick ratio
0.06▲
2024 · 0.05
Debt / equity
1.79▲
2024 · 1.44
ROE
-19.6%▼
2024 · -5.9%
ROA
-7.0%▼
2024 · -2.4%
Interest coverage
1.40▼
2024 · 5.09
Debt
€1.06M▲
2024 · €1.01M
Debt ≤ 1 year
€1.06M▲
2024 · €1.01M
Income taxes
€39k▲
2024 · €15k
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€1.72M€1.65M▼
Fixed assets21/28€1.67M€1.58M▼
Tangible fixed assets22/27€1.67M€1.58M▼
Land and buildings22€1.57M€1.51M▼
Plant, machinery and equipment23€63k€42k▼
Furniture and vehicles24€8k€5k▼
Assets under construction and advance payments27€26k€26k=
Current assets29/58€51k€64k▲
Amounts receivable within one year40/41€46k€62k▲
Trade receivables40€43k€62k▲
Other amounts receivable41€4k€0▼
Cash at bank and in hand54/58€4k€393▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.72M€1.65M▼
Equity10/15€705k€590k▼
Contributions10/11€427k€427k=
Reserves13€628k€163k▼
Distributable reserves133€628k€163k▼
Profit (loss) carried forward14€-349k€0▲
Amounts payable17/49€1.01M€1.06M▲
Amounts payable within one year42/48€1.01M€1.06M▲
Financial debts43€9€17▲
Credit institutions430/8€9€17▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45-€251
Taxes450/3-€251
Other amounts payable47/48€1.01M€1.06M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€83k▼
Other operating charges640/8€7k€7k▼
Gross operating margin9900€80k€29k▼
Operating profit (loss)9901€-12k€-61k▼
Financial charges65/66B€14k€16k▲
Recurring financial charges65€14k€16k▲
Profit (loss) for the period before taxes9903€-27k€-77k▼
Income taxes67/77€15k€39k▲
Profit (loss) for the period9904€-41k€-116k▼
Profit (loss) for the period to be appropriated9905€-41k€-116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-349k€-465k▼
Profit (loss) brought forward from the previous period14P€-308k€-349k▼
Transfer from equity791/2-€465k
The notes to these accounts (4 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
26-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series.
13-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €71k ▲1494%
Operating result €159k, net result €71k, both a record.
30-09
Financial
Equity above €1MEq €1.06M ▲7.2%
2 profitable years in a row build equity to €1.06M.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waregem · 1 establishment unit since 2013
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.
Holstraat 328790 WaregemGround area
282 m²
Building footprint
149 m²
Volume, LiDAR
1,247 m³
Parcel 34040C1016/00A002, Flanders · tallest building 16.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DEFRAMA PLUS
since 20132.226.269.269
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1016/00A002 | Flanders | 282 m² | 1 · 149 m² | 16.4 m · 3 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.
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SENIOR IMMOB
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MASSANA
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GERMIJO
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ALBES
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Of 9,134 companies in sector 68201 we hold annual accounts for 6,762. 5,001 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2013
Fiscal year end30-09
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.