DFRAN
ActiveSummary
The computed 12-month bankruptcy probability of DFRAN is 6.0% (elevated). The 2025 annual accounts show equity of €17k and a net result of €-2k. Equity is shrinking by ~16.1% per year across the filed fiscal years. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+8
Solvency100▲+14
Growth32=
Track record94
Bankruptcy probability, 12 months
6.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 10.36 against 2.58 in 2024; short-term debt: 9.7% of total assets), and 9.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
90.3%
Return on assets
-10.9%
Age of the figures
9 mo
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
232425
2023 to 2025 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
15 d late
2024
62 d late
2023
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 10.8%
2024 · €19k
Total assets
€18k▼ 39.5%
2024 · €30k
Net result
€-2k▲ 50.0%
2024 · €-4k
Working capital
€17k▼ 10.8%
2024 · €19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€21k-€-6k€-2k▲ 67.4%
Net result€21k-€-4k€-2k▲ 50.0%
Equity€23k-€19k▼ 17.7%€17k▼ 10.8%
Total assets€35k-€30k▼ 14.2%€18k▼ 39.5%
Debt€13k-€12k▼ 8.0%€2k▼ 84.9%
Working capital€22k-€19k▼ 13.6%€17k▼ 10.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €18k
Equity
€17k ▼ 10.8%
Debt
€2k ▼ 84.9%
Debt's share of the balance-sheet total falls from 38.8% to 9.7%. Equity and debt are lower.
Key figures and ratios
Current ratio
10.36▲
2024 · 2.58
Debt to equity
0.11▼
2024 · 0.63
ROE
-12.1%▲
2024 · -21.5%
ROA
-10.9%▲
2024 · -13.2%
Debt ≤ 1 year
€2k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | - | - |
| Other operating charges640/8 | €2k | €1k | - | - |
| Gross operating margin9900 | €24k | €-3k | €-2k | ▲ 43.8% |
| Operating profit (loss)9901 | €21k | €-6k | €-2k | ▲ 67.4% |
| Financial income75/76B | €1k | €2k | - | - |
| Recurring financial income75 | €1k | €2k | - | - |
| Financial charges65/66B | €322 | €97 | €178 | ▲ 84.4% |
| Recurring financial charges65 | €322 | €97 | €178 | ▲ 84.4% |
| Profit (loss) for the period before taxes9903 | €22k | €-4k | €-2k | ▲ 45.5% |
| Income taxes67/77 | €2k | €324 | - | - |
| Profit (loss) for the period9904 | €21k | €-4k | €-2k | ▲ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €21k | €-4k | €-2k | ▲ 50.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35k | €30k | €18k | ▼ 39.5% |
| Fixed assets21/28 | €1k | €0 | - | - |
| Tangible fixed assets22/27 | €1k | €0 | - | - |
| Furniture and vehicles24 | €1k | €0 | - | - |
| Current assets29/58 | €34k | €30k | €18k | ▼ 39.5% |
| Amounts receivable within one year40/41 | €34k | €30k | €18k | ▼ 39.5% |
| Other amounts receivable41 | €34k | €30k | €18k | ▼ 39.5% |
| Cash at bank and in hand54/58 | €6 | €0 | - | - |
| Deferred charges and accrued income490/1 | €47 | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35k | €30k | €18k | ▼ 39.5% |
| Equity10/15 | €23k | €19k | €17k | ▼ 10.8% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €21k | €17k | €15k | ▼ 12.0% |
| Amounts payable17/49 | €13k | €12k | €2k | ▼ 84.9% |
| Amounts payable within one year42/48 | €13k | €12k | €2k | ▼ 84.9% |
| Trade debts44 | €3k | €1k | - | - |
| Suppliers440/4 | €3k | €1k | - | - |
| Taxes, remuneration and social security45 | €10k | €11k | €2k | ▼ 83.2% |
| Taxes450/3 | €10k | €11k | €2k | ▼ 83.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €-4k | €-2k | ▲ 50.0% |
| + Depreciation and write-downs630 | €1k | €1k | - | - |
| Operating cash flow (approximation) | €22k | €-3k | €-2k | ▲ 31.6% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €-6 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 10.36
Current ratio from 2.58 to 10.36; short-term debt falls from €12k to €2k.
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 62 days late
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene
Ground area
5,232 m²
Building footprint
1,261 m²
Volume, LiDAR
7,919 m³
Parcel 21442A0287/00X005, Brussels · tallest building 17.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0287/00X005 | Brussels | 5,232 m² | 1 · 1,261 m² | 17.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-2023
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.