ECOFRAMERIES
ActiveSummary
ECOFRAMERIES has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €797,744 and a net result of €515,147. Equity is growing by about 5% per year across the filed financial years. Its solvency ranks better than 28% of 4,978 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110
4th largest employer in Frameries, Wholesale and retail trade sector2 sites
Size
€30.9mturnover 2025
- Staff
- 46.6 FTE
- Equity
- €797,744
- Profit
- €515,147
Structure
- Parent
- HAPPY JLS · 99.95%
- EGLEM Jean-Pol Christian AndréDirector
- HAPPY JLSDirector · permanent representative EGLEM Laura Marie Aline Ghislaine
Accounts 9 days early3 of 10 deeds read
Why 92raises riskEquity €797,744 (16.9% of total assets)lowers riskFounded in 2007Liquidity: current ratio 1.07, cash €1.8mSize: turnover €30.9m, 46.6 FTE, total assets €4.7mShow the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 50% of its sector peers (NACE 47, small)
Financial strength · tick = 2024
Average
Solvency
42+1
equity 16.9% of total assets
Liquidity
65+4
short-term debt 63.2% · cash 38.5%
Profitability
67-16
return on assets 10.9%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.07, compared with 1.06 in 2024, below the usual 1.5; short-term debt: 63.2% and cash: 38.5% of total assets), and 83.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, small): better than 31% on solvency, 85% on liquidity, 49% on profitability and 35% on growth.
The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
3 days early
2023
35 days early
2022
38 days early
2021
74 days late
2020
30 days late
2019
153 days 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 25 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% 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 22 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
20-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Resignations: HAPPY JLS, EGLEM Laura Marie…Appointments: HAPPY JLS (sole director)…
- Resignations: Happy JLS SA (director) and…Permanent representatives: Jean-Pol Eglem and…
Financials · financial year 2025, full format
In the rankings
#4 employer in Frameries, Wholesale and retail trade sector#5 company by total assets in Frameries, Wholesale and retail trade sector#7 company by equity in Frameries, Wholesale and retail trade sector
Turnover
€30.9m▲ 16.2%
2023 · €26.6m
EBIT margin
2.3%▲ 1.0pp
2023 · 1.2%
Net result
€515,147▼ 13.6%
2024 · €596,117
Working capital
€212,069▲ 2.2%
2024 · €207,563
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 15% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€30.9m
2025
Operating result€0.7m
2025
Net result€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.7m
2025
Equity€0.8m
2025
Debt€3.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin2.3%
2025
Return on assets (ROA)10.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency16.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.07
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)46.6
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€22.9m€26.6m▲ 16.4%€30.9m
Operating result€0.2m-€0.6m▲ 316%€0.9m▲ 34.2%€0.5m▼ 46.3%€0.2m▼ 59.5%€0.3m▲ 78.3%€0.8m▲ 150%€0.7m▼ 15.5%
Net result€0.1m-€0.5m▲ 283%€0.6mabove the sector's middle half▲ 28.7%€0.3mabove the sector's middle half▼ 58.8%€0.08mwithin the sector's middle half▼ 69.9%€0.2mabove the sector's middle half▲ 126%€0.6mabove the sector's middle half▲ 233%€0.5mabove the sector's middle half▼ 13.6%
EBIT margin0.8%1.2%▲ 0.4pp2.3%
Equity€0.2m-€0.7m▲ 236%€1.3mabove the sector's middle half▲ 90.4%€0.6mwithin the sector's middle half▼ 54.7%€0.6mwithin the sector's middle half▲ 1.5%€0.8mwithin the sector's middle half▲ 29.0%€0.8mwithin the sector's middle half=€0.8mwithin the sector's middle half=
Total assets€3.0m-€4.7m▲ 58.2%€6.2mabove the sector's middle half▲ 31.3%€6.1mabove the sector's middle half▼ 1.1%€5.2mabove the sector's middle half▼ 15.0%€5.3mabove the sector's middle half▲ 0.9%€5.1mabove the sector's middle half▼ 3.0%€4.7mabove the sector's middle half▼ 7.4%
Debt€2.8m-€4.0m▲ 44.7%€4.8m▲ 20.9%€5.5m▲ 13.8%€4.6m▼ 16.8%€4.4m▼ 3.2%€4.3m▼ 3.1%€3.9m▼ 8.7%
Working capital-€0.4m-€0.7m€1.2mabove the sector's middle half▲ 65.0%€0.2mwithin the sector's middle half▼ 78.7%€0.5mwithin the sector's middle half▲ 93.1%€0.7mabove the sector's middle half▲ 50.7%€0.2mwithin the sector's middle half▼ 71.0%€0.2mwithin the sector's middle half▲ 2.2%
Solvency7.1%-15.0%▲ 7.9pp21.7%within the sector's middle half▲ 6.7pp9.9%below the sector's middle half▼ 11.8pp11.9%below the sector's middle half▲ 1.9pp15.2%within the sector's middle half▲ 3.3pp15.6%within the sector's middle half▲ 0.5pp16.9%within the sector's middle half▲ 1.2pp
Current ratio0.79-1.49▲ 0.711.57within the sector's middle half▲ 0.081.08within the sector's middle half▼ 0.491.19within the sector's middle half▲ 0.111.25within the sector's middle half▲ 0.061.06within the sector's middle half▼ 0.191.07within the sector's middle half▲ 0.01
Return on assets (ROA)4.4%-10.5%▲ 6.2pp10.3%within the sector's middle half▼ 0.2pp4.3%within the sector's middle half▼ 6.0pp1.5%within the sector's middle half▼ 2.8pp3.4%within the sector's middle half▲ 1.9pp11.7%above the sector's middle half▲ 8.3pp10.9%above the sector's middle half▼ 0.8pp
Staff (FTE)18.7-31.5▲ 68.4%38.9above the sector's middle half▲ 23.5%40.7above the sector's middle half▲ 4.6%41.9above the sector's middle half▲ 2.9%42.2above the sector's middle half▲ 0.7%43.7above the sector's middle half▲ 3.6%46.6above the sector's middle half▲ 6.6%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€1.5m ▼ 5.7%
Current assets
€3.2m ▼ 8.2%
Equity and liabilities €4.7m
Equity
€797,744 =
Debt
€3.9m ▼ 8.7%
Debt's share of the balance-sheet total falls from 84.4% to 83.1%. Debt is lower.
Key figures and ratios
EBITDA
€1.2m▼
2024 · €1.2m
Cash flow
€996,233▼
2024 · €1.0m
Quick ratio
0.75▼
2024 · 0.80
Debt to equity
4.92▼
2024 · 5.39
ROE
64.6%▼
2024 · 74.7%
Interest coverage
36.18▲
2024 · 10.06
Debt ≤ 1 year
€3.0m▼
2024 · €3.3m
Debt > 1 year
€700,909▼
2024 · €807,258
Income taxes
€142,256▼
2024 · €167,157
Staff costs
€2.0m▲
2024 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.8% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.1%
stopped otherwise
96.8%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,609 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €23.2m | €26.9m | - | €31.3m | - |
| Turnover70 | - | - | - | - | €22.9m | €26.6m | - | €30.9m | - |
| Other operating income74 | - | - | - | - | €0.3m | €0.3m | - | €0.3m | - |
| Non-recurring operating income76A | - | - | - | €0.2m | €0.04m | €0.05m | €0.05m | €0.1m | ▲ 102% |
| Operating charges60/66A | - | - | - | - | €23.0m | €26.6m | - | €30.6m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €17.7m | €20.5m | - | €23.7m | - |
| Purchases600/8 | - | - | - | - | €17.8m | €20.5m | - | €23.8m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€0.1m | -€0.02m | - | -€0.09m | - |
| Services and other goods61 | - | - | - | - | €3.0m | €3.5m | - | €4.2m | - |
| Remuneration, social security and pensions62 | - | - | - | €1.5m | €1.6m | €1.8m | €1.8m | €2.0m | ▲ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.4m | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | €0.5m | ▲ 18.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | €0.02m | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.09m | €0.1m | €0.08m | €0.07m | €0.1m | ▲ 42.8% |
| Non-recurring operating charges66A | - | - | - | €0.009m | €0.03m | €0.2m | €0.003m | €0.08m | ▲ 2,254% |
| Gross operating margin9900 | €0.9m | €2.3m | €2.7m | €2.6m | - | - | €3.1m | - | - |
| Operating profit (loss)9901 | €0.2m | €0.6m | €0.9m | €0.5m | €0.2m | €0.3m | €0.8m | €0.7m | ▼ 15.5% |
| Financial income75/76B | - | - | - | €0.03m | €0.03m | €0.05m | €0.07m | €0.09m | ▲ 21.5% |
| Recurring financial income75 | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | €0.05m | €0.07m | €0.09m | ▲ 21.5% |
| Income from financial fixed assets750 | - | - | - | - | - | - | - | €448 | - |
| Income from current assets751 | - | - | - | - | - | - | - | €0.01m | - |
| Other financial income752/9 | - | - | - | - | €0.03m | €0.05m | - | €0.07m | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 5.6% |
| Recurring financial charges65 | €0.04m | €0.2m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 4.9% |
| Debt charges650 | - | - | - | - | €0.1m | €0.04m | - | €0.03m | - |
| Other financial charges652/9 | - | - | - | - | - | €0.07m | - | €0.1m | - |
| Non-recurring financial charges66B | - | - | - | - | - | €0.004m | €0.01m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.5m | €0.8m | €0.4m | €0.1m | €0.3m | €0.8m | €0.7m | ▼ 13.9% |
| Income taxes67/77 | €365 | €0.004m | €0.2m | €0.1m | €0.04m | €0.09m | €0.2m | €0.1m | ▼ 14.9% |
| Taxes670/3 | - | - | - | - | €0.04m | €0.09m | - | €0.1m | - |
| Profit (loss) for the period9904 | €0.1m | €0.5m | €0.6m | €0.3m | €0.08m | €0.2m | €0.6m | €0.5m | ▼ 13.6% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.5m | €0.6m | €0.3m | €0.08m | €0.2m | €0.6m | €0.5m | ▼ 13.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.0m | €4.7m | €6.2m | €6.1m | €5.2m | €5.3m | €5.1m | €4.7m | ▼ 7.4% |
| Formation expenses20 | €0.02m | €0.03m | €0.02m | €0.01m | €0.005m | €0 | - | €0.003m | - |
| Fixed assets21/28 | €1.6m | €2.6m | €3.0m | €2.7m | €2.3m | €1.7m | €1.6m | €1.5m | ▼ 5.7% |
| Intangible fixed assets21 | €0 | €0.2m | €0.2m | €0.1m | €0.05m | €0 | - | - | - |
| Tangible fixed assets22/27 | €1.6m | €2.4m | €2.8m | €2.6m | €2.2m | €1.7m | €1.5m | €1.5m | ▼ 5.8% |
| Land and buildings22 | - | - | - | €0.6m | - | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1.8m | €1.5m | €1.1m | €1.0m | €1.0m | ▼ 0.4% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 10.3% |
| Other tangible fixed assets26 | - | - | - | - | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 17.4% |
| Financial fixed assets28 | €0.03m | €0.01m | €0.01m | €0.04m | €0.05m | €0.06m | €0.07m | €0.07m | ▼ 3.7% |
| Affiliated companies280/1 | - | - | - | - | - | - | - | €0 | - |
| Participating interests280 | - | - | - | - | - | - | - | €0 | - |
| Other financial fixed assets284/8 | - | - | - | - | €0.05m | €0.06m | - | €0.07m | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €0.05m | €0.06m | - | €0.07m | - |
| Current assets29/58 | €1.3m | €2.1m | €3.2m | €3.4m | €2.9m | €3.5m | €3.5m | €3.2m | ▼ 8.2% |
| Stocks and contracts in progress3 | €0.5m | €0.7m | €0.6m | €0.7m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 10.1% |
| Stocks30/36 | - | - | - | €0.7m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 10.1% |
| Goods purchased for resale34 | - | - | - | - | €0.8m | €0.8m | - | €0.9m | - |
| Amounts receivable within one year40/41 | €0.5m | €0.4m | €0.3m | €0.9m | €0.7m | €1.1m | €0.4m | €0.2m | ▼ 37.8% |
| Trade receivables40 | - | - | - | €0.04m | €0.4m | €0.2m | €0.04m | €0.09m | ▲ 139% |
| Other amounts receivable41 | - | - | - | €0.9m | €0.3m | €0.9m | €0.4m | €0.2m | ▼ 56.9% |
| Current investments50/53 | €0 | - | - | - | - | - | €0.3m | €0 | ▼ 100% |
| Other investments51/53 | - | - | - | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €0.3m | €1.1m | €2.1m | €1.4m | €1.4m | €1.6m | €1.8m | €1.8m | ▼ 0.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.4m | €0.09m | €0.08m | €0.1m | €0.2m | ▲ 68.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.0m | €4.7m | €6.2m | €6.1m | €5.2m | €5.3m | €5.1m | €4.7m | ▼ 7.4% |
| Equity10/15 | €0.2m | €0.7m | €1.3m | €0.6m | €0.6m | €0.8m | €0.8m | €0.8m | = |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.06m | €0.01m | €0.1m | €0.5m | €0.5m | €0.7m | €0.7m | €0.7m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | €0.05m | €0.6m | €1.1m | - | - | - | €0 | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | €0.02m | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €0.02m | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | - | - | €0.02m | €0 | - | - |
| Amounts payable17/49 | €2.8m | €4.0m | €4.8m | €5.5m | €4.6m | €4.4m | €4.3m | €3.9m | ▼ 8.7% |
| Amounts payable after more than one year17 | €1.1m | €2.6m | €2.8m | €2.3m | €1.8m | €1.4m | €0.8m | €0.7m | ▼ 13.2% |
| Financial debts170/4 | - | - | - | €2.3m | €1.8m | €1.3m | €0.8m | €0.7m | ▼ 13.2% |
| Subordinated loans170 | - | - | - | - | €0.4m | €0.2m | - | €0.06m | - |
| Credit institutions173 | - | - | - | - | €1.4m | €1.1m | - | €0.6m | - |
| Other loans174 | - | - | - | - | €0.004m | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | - | €0.004m | €0.004m | €0.004m | = |
| Amounts payable within one year42/48 | €1.7m | €1.4m | €2.0m | €3.1m | €2.5m | €2.8m | €3.3m | €3.0m | ▼ 8.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.5m | €0.6m | €0.6m | €0.4m | ▼ 33.1% |
| Financial debts43 | - | - | - | €0.3m | €0.1m | €0.2m | €0.05m | €0.3m | ▲ 442% |
| Credit institutions430/8 | - | - | - | €0.3m | €0.1m | €0.2m | €0.05m | €0.3m | ▲ 442% |
| Trade debts44 | €1.3m | €0.9m | €1.2m | €1.1m | €1.1m | €1.7m | €1.8m | €1.3m | ▼ 23.4% |
| Suppliers440/4 | - | - | - | €1.1m | €1.1m | €1.7m | €1.8m | €1.3m | ▼ 23.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 9.5% |
| Taxes450/3 | - | - | - | €0.002m | €0.05m | €0.02m | €0.02m | €0.002m | ▼ 90.8% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 2.1% |
| Other amounts payable47/48 | - | - | - | €1.0m | €0.5m | €268 | €0.6m | €0.7m | ▲ 22.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.09m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 9.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.5m | €0.6m | €0.3m | €0.08m | €0.2m | €0.6m | €0.5m | ▼ 13.6% |
| + Depreciation and write-downs630 | €0.2m | €0.4m | €0.4m | €0.5m | €0.6m | €0.5m | €0.4m | €0.5m | ▲ 18.0% |
| Operating cash flow (approximation) | €0.3m | €0.9m | €1.1m | €0.8m | €0.6m | €0.7m | €1.0m | €1.0m | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€0.8m | -€0.3m | -€0.08m | €0.03m | -€0.3m | -€0.4m | ▼ 29.1% |
| Change in cash | - | €0.8m | €1.0m | -€0.7m | -€0.008m | €0.2m | €0.2m | -€0.004m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 22-07-2026 | 2026-00322615 |
| 31-12-2024 | full format | 28-07-2025 | 2025-00326610 |
| 31-12-2023 | full format | 26-06-2024 | 2024-00173036 |
| 31-12-2022 | full format | 23-06-2023 | 2023-00152157 |
| 31-12-2021 | full format | 13-10-2022 | 2022-20459305 |
| 31-12-2020 | full format | 30-08-2021 | 2021-65100075 |
| 31-12-2019 | full format | 31-12-2020 | 2020-77900294 |
| 31-12-2018 | full format | 30-08-2019 | 2019-57600533 |
| 31-12-2017 | full format | 31-08-2018 | 2018-60700013 |
| 31-12-2016 | full format | 31-08-2017 | 2017-52600462 |
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Of the 10,316 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 5,860. 2,540 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2026
Board 2
EGLEM Jean-Pol Christian André
CurrentAdministrateur suppléant · since 02-07-2026
HAPPY JLS
CurrentSole director · since 02-07-2026 · Private limited company · permanent representative: EGLEM Laura Marie Aline Ghislaine
Permanent representatives 1
EGLEM Laura Marie Aline Ghislaine
CurrentPermanent representative · since 02-07-2026 · for HAPPY JLS
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
7 of this company's 10 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
5 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HAPPY JLS |
|
| EGLEM Jean-Pol Christian André |
|
| EGLEM Justine Christine Marie Ghislaine |
|
| EGLEM Laura Marie Aline Ghislaine |
|
| Laura Eglem |
|
Owners and capital
Owners
2 ownersChain of control
- HAPPY JLS
- ECOFRAMERIES
Highest known parent: HAPPY JLS. The sources do not say who stands above it.
Owners 2
- HAPPY JLSparent99.95%
-
share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 06-07-2026 ↗
- HAPPY JLS (BE 0723.787.373)
- EGLEM Laura
- ITM BELGIUM (BE 0444.175.173)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 06-07-2026 Capital stated in the deed · 6,000 shares
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
financial year 2025 · full format
06-07
Gazette deed
Resignations: HAPPY JLS, EGLEM Laura Marie Aline Ghislaine and EGLEM Justine Christine Marie GhislaineAppointments: HAPPY JLS (sole director) and EGLEM Jean-Pol Christian André (administrateur suppléant) · Permanent representative: EGLEM Laura Marie Aline Ghislaine · Kind of shares19 facts ▸
Gazette deed
Resignations: HAPPY JLS, EGLEM Laura Marie Aline Ghislaine and EGLEM Justine Christine Marie Ghislaine
Appointments: HAPPY JLS (sole director) and EGLEM Jean-Pol Christian André (administrateur suppléant) · Permanent representative: EGLEM Laura Marie Aline Ghislaine · Kind of shares19 facts ▸
- General meeting, 02-07-2026
- Kind of shares, “creation”, 6000 (deed in French)
- Declaration, “confirmation of report, l'assemblée confirme avoir pris connaissance du rapport de l'Organe d'administration et confirme le rapport éventuel du Réviseur d'Entre…” (deed in French)
- Shareholding, 6000, 2997
- Shareholding, 1, 1 (2 times)
- Capital
- Amendment of the articles (2 times)
- Capital, €100,000
- Share issue, “souscrites et libérées, comme relatés dans les actes de constitution, d'augmentation et de réduction de capital” (deed in French)
- Director resignation, HAPPY JLS (director)
- Director resignation, EGLEM Laura Marie Aline Ghislaine (director)
- Director resignation, EGLEM Justine Christine Marie Ghislaine (director)
- +7 further facts in this act
22-05
Gazette deed
Resignations: Happy JLS SA (director) and Laura Eglem (director)Permanent representatives: Jean-Pol Eglem and Laura Eglem · Appointment: Happy JLS SA (director) · Director discharge9 facts ▸
Gazette deed
Resignations: Happy JLS SA (director) and Laura Eglem (director)
Permanent representatives: Jean-Pol Eglem and Laura Eglem · Appointment: Happy JLS SA (director) · Director discharge9 facts ▸
- General meeting, 01-04-2026
- Director resignation, Happy JLS SA (director)
- Permanent representative, Jean-Pol Eglem
- Director discharge, Happy JLS SA (director)
- Director resignation, Laura Eglem (director)
- Director discharge, Laura Eglem (director)
- Director appointment, Happy JLS SA (director)
- Permanent representative, Laura Eglem
- Other provision, “clôture et adoption du procès-verbal, unanimité des actionnaires présents” (deed in French)
2025
28-07
NBB filing
Annual accounts filed
financial year 2024 · full format
22-07
Gazette deed
Reappointments: HAPPY JLS, Justine EGLEM and 2 othersPermanent representative: EGLEM Jean-Pol · Director discharge8 facts ▸
Gazette deed
Reappointments: HAPPY JLS, Justine EGLEM and 2 others
Permanent representative: EGLEM Jean-Pol · Director discharge8 facts ▸
- General meeting, 30-06-2025
- Director reappointment, HAPPY JLS (director)
- Permanent representative, EGLEM Jean-Pol
- Director reappointment, Justine EGLEM (director)
- Director reappointment, Laura EGLEM (director)
- Other provision, 19h00, “séance levée” (deed in French)
- Director discharge, HAPPY JLS (director)
- Auditor reappointment, Bureau CLC (commissaire aux comptes)
2024
26-06
NBB filing
Annual accounts filed
financial year 2023 · full format
2023
23-06
NBB filing
Annual accounts filed
financial year 2022 · full format
2022
31-12
Financial
Weakest financial yearnet €79,230 ▼69.9%
Net result drops to €79,230, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
financial year 2021 · full format · 74 days late
2021
30-08
NBB filing
Annual accounts filed
financial year 2020 · full format · 30 days late
2020
31-12
Financial
Highest result from 2018 to 2025net €639,122 ▲28.7%
Operating result €854,866, net result €639,122, both a record.
31-12
Financial
Equity above €1mequity €1.3m ▲90.4%
A profit in every financial year since 2018 builds equity to €1.3m.
Show earlier events
31-12
NBB filing
Annual accounts filed
financial year 2019 · full format · 153 days late
2019
31-12
Financial
Equity above €500,000equity €707,122 ▲236%
A profit in every financial year since 2018 builds equity to €707,122.
30-08
NBB filing
Annual accounts filed
financial year 2018 · full format · 30 days late
2018
31-08
NBB filing
Annual accounts filed
financial year 2017 · full format · 31 days late
2017
31-08
NBB filing
Annual accounts filed
financial year 2016 · full format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 18 annual accounts filed, the latest 10 are here; all 18 are under Financials.
3 of 10 deeds read
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Register details
Identification
Legal formPublic limited company
Founded24-09-2007
Financial year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892263309
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesFrameriesunit no. 2.166.706.024
Frameriesunit no. 2.383.868.931
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Frameries · 2 establishment units since 2007
Ground area
5.1 ha
Building footprint
919 m²
Building volume
6,281 m³
2 parcels, Wallonia · tallest building 10.5 m. Linked by address, not a title deed.
2 establishment units
Intermarché
since 2007unit no. 2.166.706.024
Rue Achile Degrace 1A, 7080 Frameries
since 2023unit no. 2.383.868.931
2 parcels
Wallonia
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53028D0118/00Y003 | Wallonia | 5.1 ha | 1 · 428 m² | 10.5 m · 2 |
| 53045A0147/00K000 | Wallonia | 561 m² | 1 · 491 m² | 7.7 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'exploitation de surfaces commerciales dans le sens le plus large et notamment l'achat, la vente, la commercialisation au sens large de…” (deed in French)
2 activities (deed in French)
- L'exploitation de surfaces commerciales dans le sens le plus large et notamment l'achat, la vente, la commercialisation au sens large de produits alimentaires et non alimentaires ainsi que le commerce en viandes, charcuterie, volailles et gibiers abattus, le commerce en tabac, alcool et boissons spiritueuses
- À titre accessoire, l'achat, la construction, la gestion, la location, la sous-location, l'échange et la vente de tous biens et droits immobiliers
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, 7080 Frameries, route Nationale, 29” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 22 - Représentation de la société La société est valablement représentée à l’égard des tiers et notamment dans les actes auxquels…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Type d'organe d'administration” (deed in French)“Dans la limite de l'objet social et à l'exception des actes que la loi réserve à l'assemblée générale, pouvoirs les plus étendus pour agir…” (deed in French)“Composition du conseil d'administration, personnes physiques ou morales, actionnaires ou non, rééligibles” (deed in French)“Nomination des administrateurs, illimitée” (deed in French)“Illimitée, administrateur unique” (deed in French)“Cessation des fonctions de l'administrateur unique, l'assemblée générale peut mettre un terme à tout moment, avec effet immédiat et sans…” (deed in French)“Vacance au sein du conseil d'administration, en cas de vacance d'une place d'administrateur, les administrateurs restants ont le droit de…” (deed in French)“Réunions du conseil d'administration, au lieu indiqué dans les convocations” (deed in French)6 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Les actionnaires peuvent prendre connaissance de l'intégralité du registre concernant leur classe de titres, nominatives” (deed in French)“Les actions de classe B ne peuvent appartenir qu'à l'actionnaire lié à la société anonyme ITM BELGIUM ou la société anonyme ITM ENTREPRISES…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cessions et transmissions d'actions, à titre onéreux ou gratuit, à des tiers non actionnaires” (deed in French)2 more provisions on this in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Répartir entre les actionnaires, affecter à un fonds de réserve extraordinaire, reporter à nouveau en tout ou en partie, affectation du…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 15:00
- General meeting ruleHow the general meeting works: who calls it, who may attend and how it decides.
- One provision in the deed
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Cinq jours francs avant la date fixée pour l'assemblée, le conseil d'administration ou l'administrateur unique peut exiger que tout…” (deed in French)
- Adjournment ruleWhen the board may postpone a meeting; by law once, by three weeks.
- “Cette prorogation annule toute décision prise, trois semaines au plus” (deed in French)
- Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
- “Les copropriétaires, les usufruitiers et nus-propriétaires, les créanciers et débiteurs-gagistes doivent se faire représenter directement…” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “En cas de nomination, si aucun candidat ne réunit la majorité absolue des voix, il est procédé à un scrutin de ballottage entre les…” (deed in French)“10, 47” (deed in French)
- Written decisionsDecisions without a meeting, when everyone involved agrees in writing.
- One provision in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Trois ans, renouvelable, si la loi l'exige, un ou plusieurs commissaires nommés par l'assemblée générale conformément à la loi” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Perte de l'actif net réduit à un montant inférieur à la moitié du capital, dissolution éventuelle de la société ou mesures pour assurer la…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidation s'opère par les soins des liquidateurs nommés par l'assemblée générale” (deed in French)