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E - FRAME

Active
Private limited companyfounded 200323 yrs activeConstantin Meunierstraat 88, 3000 Leuven, BelgiumKBO/BCE: BE 0479.483.272
Summary

E - FRAME has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €106,389 and a net result of €16,208. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 96 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2026
Axes · tick = 2025
Profitability79▲+6
Solvency79▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.1 against 1.9 in 2025; short-term debt: 46% and cash: 48.8% of total assets), and 46% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
54%
Return on assets
8.2%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 16-09-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
45 d early
2025
51 d early
2024
43 d early
2023
33 d early
2022
6 d early
2021
39 d early
2020
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 February 2003, E - FRAME was incorporated.1 Total assets went from EUR 210,148 in 2019 to EUR 196,972 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, micro schema

Equity
€106,389▲ 18.0%
2025 · €90,181
Total assets
€196,972▲ 13.0%
2025 · €174,243
Net result
€16,208▲ 173%
2025 · €5,937
Working capital
€99,550▲ 44.3%
2025 · €68,992
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result€24,432▲ 32.0%€22,306▼ 8.7%€11,250▼ 49.6%€8,470▼ 24.7%€20,903▲ 147%
Net result€14,125within the sector's middle half▲ 541%€13,541within the sector's middle half▼ 4.1%€6,565within the sector's middle half▼ 51.5%€5,937within the sector's middle half▼ 9.6%€16,208▲ 173%
Equity€64,138within the sector's middle half▲ 28.2%€77,679within the sector's middle half▲ 21.1%€84,244within the sector's middle half▲ 8.5%€90,181within the sector's middle half▲ 7.0%€106,389▲ 18.0%
Total assets€167,428within the sector's middle half▼ 10.4%€181,034within the sector's middle half▲ 8.1%€204,541within the sector's middle half▲ 13.0%€174,243within the sector's middle half▼ 14.8%€196,972▲ 13.0%
Debt€103,290▼ 24.6%€103,355▲ 0.1%€120,297▲ 16.4%€84,062▼ 30.1%€90,583▲ 7.8%
Working capital€66,248within the sector's middle half▲ 17.9%€74,694within the sector's middle half▲ 12.7%€73,074within the sector's middle half▼ 2.2%€68,992within the sector's middle half▼ 5.6%€99,550▲ 44.3%
Solvency38.3%within the sector's middle half▲ 11.6pp42.9%within the sector's middle half▲ 4.6pp41.2%within the sector's middle half▼ 1.7pp51.8%within the sector's middle half▲ 10.6pp54.0%▲ 2.3pp
Current ratio2.66within the sector's middle half▲ 0.672.30within the sector's middle half▼ 0.361.78within the sector's middle half▼ 0.511.90within the sector's middle half▲ 0.122.10▲ 0.20
Return on assets (ROA)8.4%within the sector's middle half▲ 7.3pp7.5%within the sector's middle half▼ 1.0pp3.2%within the sector's middle half▼ 4.3pp3.4%within the sector's middle half▲ 0.2pp8.2%▲ 4.8pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2022: €24,432€24,432Net result 2022: €14,125€14,125Operating result 2023: €22,306€22,306Net result 2023: €13,541€13,541Operating result 2024: €11,250€11,250Net result 2024: €6,565€6,565Operating result 2025: €8,470€8,470Net result 2025: €5,937€5,937Operating result 2026: €20,903€20,903Net result 2026: €16,208€16,20820222023202420252026€0€10,000€20,000Operating result 2024: €11,250€11,200Net result 2024: €6,565€6,560Operating result 2025: €8,470€8,470Net result 2025: €5,937€5,940Operating result 2026: €20,903€20,900Net result 2026: €16,208€16,200202420252026
The operating result recovers in 2026; 2026 is 147% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €196,972
Fixed assets €6,839 ▼ 76.4%
Current assets €190,134 ▲ 30.8%
Equity and liabilities €196,972
Equity €106,389 ▲ 18.0%
Debt €90,583 ▲ 7.8%
Debt's share of the balance-sheet total falls from 48.2% to 46.0%. Equity and debt are higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€42,984▲
2025 · €22,554
Cash flow
€38,289▲
2025 · €20,022
Debt to equity
0.85▼
2025 · 0.93
ROE
15.2%▲
2025 · 6.6%
Interest coverage
37.70▲
2025 · 10.62
Debt ≤ 1 year
€90,583▲
2025 · €76,331
Debt > 1 year
€0▼
2025 · €7,731
Income taxes
€5,684▲
2025 · €2,401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 44 lines
Balance sheet Code20252026
Assets
Total assets20/58€174,243€196,972▲
Fixed assets21/28€28,920€6,839▼
Tangible fixed assets22/27€22,081€0▼
Land and buildings22€22,081€0▼
Financial fixed assets28€6,839€6,839=
Current assets29/58€145,323€190,134▲
Amounts receivable after more than one year29€6,000€0▼
Other amounts receivable291€6,000€0▼
Amounts receivable within one year40/41€65,271€92,637▲
Trade receivables40€26,229€47,837▲
Other amounts receivable41€39,042€44,801▲
Cash at bank and in hand54/58€73,042€96,184▲
Deferred charges and accrued income490/1€1,010€1,312▲
Equity and liabilities
Total equity and liabilities10/49€174,243€196,972▲
Equity10/15€90,181€106,389▲
Contributions10/11€7,500€7,500=
Reserves13€82,681€98,889▲
Distributable reserves133€82,681€98,889▲
Amounts payable17/49€84,062€90,583▲
Amounts payable after more than one year17€7,731€0▼
Financial debts170/4€7,731€0▼
Amounts payable within one year42/48€76,331€90,583▲
Current portion of amounts payable after more than one year42€19,448€7,731▼
Trade debts44€54,257€74,815▲
Suppliers440/4€54,257€74,815▲
Taxes, remuneration and social security45€2,344€7,754▲
Taxes450/3€2,344€7,754▲
Other amounts payable47/48€282€282=
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,085€22,081▲
Other operating charges640/8€1,893€1,953▲
Non-recurring operating charges66A€4,235€0▼
Gross operating margin9900€28,683€44,937▲
Operating profit (loss)9901€8,470€20,903▲
Financial income75/76B€1,993€2,129▲
Recurring financial income75€1,993€2,129▲
Financial charges65/66B€2,125€1,140▼
Recurring financial charges65€2,125€1,140▼
Profit (loss) for the period before taxes9903€8,338€21,892▲
Income taxes67/77€2,401€5,684▲
Profit (loss) for the period9904€5,937€16,208▲
Profit (loss) for the period to be appropriated9905€5,937€16,208▲
Appropriation of the result
Profit (loss) to be appropriated9906€5,937€16,208▲
Transfer to equity691/2€5,937€16,208▲
To other reserves6921€5,937€16,208▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,511€13,967€14,088€14,085€22,081▲ 56.8%
Other operating charges640/8€2,630€1,321€2,078€1,893€1,953▲ 3.2%
Non-recurring operating charges66A---€4,235€0▼ 100%
Gross operating margin9900€41,573€37,594€27,416€28,683€44,937▲ 56.7%
Operating profit (loss)9901€24,432€22,306€11,250€8,470€20,903▲ 147%
Financial income75/76B€0-€1,042€1,993€2,129▲ 6.8%
Recurring financial income75€0-€1,042€1,993€2,129▲ 6.8%
Financial charges65/66B€4,677€3,876€3,013€2,125€1,140▼ 46.3%
Recurring financial charges65€4,677€3,876€3,013€2,125€1,140▼ 46.3%
Profit (loss) for the period before taxes9903€19,755€18,430€9,279€8,338€21,892▲ 163%
Income taxes67/77€5,630€4,889€2,714€2,401€5,684▲ 137%
Profit (loss) for the period9904€14,125€13,541€6,565€5,937€16,208▲ 173%
Profit (loss) for the period to be appropriated9905€14,125€13,541€6,565€5,937€16,208▲ 173%
Line20222023202420252026Change
Assets
Total assets20/58€167,428€181,034€204,541€174,243€196,972▲ 13.0%
Fixed assets21/28€61,189€48,673€38,349€28,920€6,839▼ 76.4%
Tangible fixed assets22/27€54,351€41,834€31,511€22,081€0▼ 100%
Land and buildings22€54,351€41,834€31,511€22,081€0▼ 100%
Financial fixed assets28€6,839€6,839€6,839€6,839€6,839=
Current assets29/58€106,239€132,362€166,191€145,323€190,134▲ 30.8%
Amounts receivable after more than one year29--€27,625€6,000€0▼ 100%
Other amounts receivable291--€27,625€6,000€0▼ 100%
Amounts receivable within one year40/41€42,646€40,180€72,698€65,271€92,637▲ 41.9%
Trade receivables40€24,093€20,919€36,577€26,229€47,837▲ 82.4%
Other amounts receivable41€18,553€19,261€36,121€39,042€44,801▲ 14.8%
Cash at bank and in hand54/58€62,573€90,534€65,085€73,042€96,184▲ 31.7%
Deferred charges and accrued income490/1€1,020€1,647€784€1,010€1,312▲ 29.9%
Equity and liabilities
Total equity and liabilities10/49€167,428€181,034€204,541€174,243€196,972▲ 13.0%
Equity10/15€64,138€77,679€84,244€90,181€106,389▲ 18.0%
Contributions10/11€7,500€7,500€7,500€7,500€7,500=
Reserves13€56,638€70,179€76,744€82,681€98,889▲ 19.6%
Non-distributable reserves130/1€1,860€1,860€0---
Reserves not available under the articles1311€1,860€1,860€0---
Distributable reserves133€54,778€68,319€76,744€82,681€98,889▲ 19.6%
Amounts payable17/49€103,290€103,355€120,297€84,062€90,583▲ 7.8%
Amounts payable after more than one year17€63,299€45,687€27,180€7,731€0▼ 100%
Financial debts170/4€63,299€45,687€27,180€7,731€0▼ 100%
Amounts payable within one year42/48€39,991€57,668€93,118€76,331€90,583▲ 18.7%
Current portion of amounts payable after more than one year42€16,760€17,612€18,507€19,448€7,731▼ 60.2%
Trade debts44€13,730€36,627€71,316€54,257€74,815▲ 37.9%
Suppliers440/4€13,730€36,627€71,316€54,257€74,815▲ 37.9%
Taxes, remuneration and social security45€9,218€3,147€3,012€2,344€7,754▲ 231%
Taxes450/3€9,218€3,147€3,012€2,344€7,754▲ 231%
Other amounts payable47/48€282€282€282€282€282=
Line20222023202420252026Change
Profit (loss) for the period9904€14,125€13,541€6,565€5,937€16,208▲ 173%
+ Depreciation and write-downs630€14,511€13,967€14,088€14,085€22,081▲ 56.8%
Operating cash flow (approximation)€28,636€27,508€20,653€20,022€38,289▲ 91.2%
Investment in fixed assets (approximation)--€1,450-€3,765-€4,655€0▲ 100%
Change in cash-€27,962-€25,450€7,957€23,142▲ 191%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
16-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial Equity above €100,000Eq €106,389 ▲18%
8 profitable years in a row build equity to €106,389.
2025
10-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
18-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
28-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
25-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
22-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial Weakest financial yearnet €2,203 ▼88.4%
Net result drops to €2,203, the lowest in the series; recovery starts the following year.
2020
30-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial Highest result since 2019net €19,038 ▲680%
Net result €19,038, the highest in the series.
2019
24-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
03-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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, Leuven · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
110 m²
Building footprint
75 m²
Volume, LiDAR
683 m³
Parcel 24502C0469/00R000, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Constantin Meunierstraat 88, 3000 Leuven
NACE 74401
since 20032.123.565.867
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24502C0469/00R000 Flanders 110 m² 1 · 75 m² 15.3 m · 3 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-03-2026 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 31-03-2026 of E - FRAME and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 3,027 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded05-02-2003
Fiscal year end31-03
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0479483272
Also 9925:BE0479483272
Registered 22-10-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.