Summary
Fracel is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €196k and a net result of €27k. Equity is growing by ~52.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 6156 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
30 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€196k▲ 16.2%
2023 · €168k
2022: €20k
2023: €168k
2022 → 2024
Net result
€27k▼ 81.5%
2023 · €148k
2022: €403
2023: €148k
2022 → 2024
Total assets
€212k▼ 18.8%
2023 · €262k
2022: €1.78M
2023: €262k
2022 → 2024
Solvency
92.2%▲ 27.8pp
2023 · 64.4%
2022: 1.1%
2023: 64.4%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€20k-€168k▲ 725%€196k▲ 16.2%
Operating result€20k-€38k▲ 94.6%€36k▼ 5.0%
Net result€403-€148k▲ 36,648%€27k▼ 81.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €212k
Fixed assets
€37k ▼ 27.2%
Current assets
€176k ▼ 16.8%
Equity and liabilities €212k
Equity
€196k ▲ 16.2%
Debt
€17k ▼ 82.2%
Debt's share of the balance-sheet total falls from 35.6% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
14.0%▼
2023 · 87.9%
ROA
12.9%▼
2023 · 56.6%
Debt ≤ 1 year
€16k▼
2023 · €93k
Income taxes
€11k▼
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€262k€212k▼
Fixed assets21/28€50k€37k▼
Tangible fixed assets22/27€50k€37k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€48k€35k▼
Current assets29/58€211k€176k▼
Amounts receivable after more than one year29-€5k
Other amounts receivable291-€5k
Amounts receivable within one year40/41-€177
Other amounts receivable41-€177
Current investments50/53-€100k
Cash at bank and in hand54/58€210k€67k▼
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€262k€212k▼
Equity10/15€168k€196k▲
Contributions10/11€20k€20k=
Reserves13€148k€175k▲
Distributable reserves133€148k€175k▲
Profit (loss) carried forward14€403€403=
Amounts payable17/49€93k€17k▼
Amounts payable within one year42/48€93k€16k▼
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€22k€14k▼
Taxes450/3€22k€14k▼
Other amounts payable47/48€70k€462▼
Accrued charges and deferred income492/3-€729
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€876€1k▲
Non-recurring operating charges66A-€847
Gross operating margin9900€53k€53k▼
Operating profit (loss)9901€38k€36k▼
Financial income75/76B€153k€2k▼
Recurring financial income75€153k€2k▼
Financial charges65/66B€25k€100▼
Recurring financial charges65€25k€100▼
Profit (loss) for the period before taxes9903€166k€39k▼
Income taxes67/77€18k€11k▼
Profit (loss) for the period9904€148k€27k▼
Profit (loss) for the period to be appropriated9905€148k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€148k€28k▼
Profit (loss) brought forward from the previous period14P€403€403=
Transfer to equity691/2€148k€27k▼
To other reserves6921€148k€27k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Liquidity times 5current ratio 11.07
Current ratio from 2.27 to 11.07; short-term debt falls from €93k to €16k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €148k ▲36648%
Operating result €38k, net result €148k, both a record.
31-12
Financial
Liquidity times 190current ratio 2.27
Current ratio from 0.01 to 2.27; short-term debt falls from €1.76M to €93k.
31-12
Financial
Equity above €150kEq €168k ▲725%
2 profitable years in a row build equity to €168k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Knokke-Heist · 1 establishment unit since 2022
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.
Natiënlaan 828300 Knokke-HeistGround area
759 m²
Building footprint
360 m²
Volume, LiDAR
2,824 m³
Parcel 31039A0129/00S002, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Fracel
since 20222.330.891.192
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039A0129/00S002 | Flanders | 759 m² | 1 · 360 m² | 12.5 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.
Similar companies · same sector, comparable size
JRK MANAGEMENT
BE 0801.891.971
Herstal · Eq €195,809
Ugly Holding
BE 1016.791.216
Antwerpen · Eq €195,671
L-R
BE 0794.802.756
Overijse · Eq €195,843
SAKIJA IMMO
BE 0656.705.935
Courcelles · Eq €195,629
LEBEN-CONSULTING
BE 0765.881.316
Sint-Truiden · Eq €195,899
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,512 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.