FRACH
ActiveSummary
FRACH has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211,839 and a net result of €187,775. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+20
Solvency49▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.74 against 1.1 in 2024; short-term debt: 41.9% and cash: 16.4% of total assets), and 76.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.9%
Return on assets
21.2%
Age of the figures
15 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7940 sector peers (2025).
NBB · sector comparisonPosition among 7940 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 10 filingsDeviation from the deadline
2025
2 d late
2024
1 d early
2023
12 d late
2022
1 d early
2021
4 d early
2020
12 d late
2019
28 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 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€211,839▼ 20.4%
2024 · €266,064
Total assets
€886,375▲ 14.3%
2024 · €775,745
Net result
€187,775▲ 353%
2024 · €41,457
Working capital
-€95,581
2024 · €23,655
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€86,215▲ 11.6%€19,639▼ 77.2%€16,066▼ 18.2%€61,299▲ 282%€208,933▲ 241%
Net result€65,745within the sector's middle half▲ 27.7%€14,648within the sector's middle half▼ 77.7%€12,003within the sector's middle half▼ 18.1%€41,457within the sector's middle half▲ 245%€187,775above the sector's middle half▲ 353%
Equity€197,956within the sector's middle half▲ 49.7%€212,604within the sector's middle half▲ 7.4%€224,607within the sector's middle half▲ 5.6%€266,064within the sector's middle half▲ 18.5%€211,839within the sector's middle half▼ 20.4%
Total assets€385,773below the sector's middle half▲ 23.9%€400,902below the sector's middle half▲ 3.9%€564,660within the sector's middle half▲ 40.8%€775,745within the sector's middle half▲ 37.4%€886,375within the sector's middle half▲ 14.3%
Debt€187,817▲ 4.8%€188,298▲ 0.3%€340,053▲ 80.6%€509,681▲ 49.9%€674,536▲ 32.3%
Working capital€90,009within the sector's middle half▲ 93.0%€68,368within the sector's middle half▼ 24.0%€28,441below the sector's middle half▼ 58.4%€23,655below the sector's middle half▼ 16.8%-€95,581below the sector's middle half
Solvency51.3%within the sector's middle half▲ 8.9pp53.0%within the sector's middle half▲ 1.7pp39.8%within the sector's middle half▼ 13.3pp34.3%within the sector's middle half▼ 5.5pp23.9%below the sector's middle half▼ 10.4pp
Current ratio2.71within the sector's middle half▲ 1.191.87within the sector's middle half▼ 0.841.18within the sector's middle half▼ 0.691.10below the sector's middle half▼ 0.080.74below the sector's middle half▼ 0.35
Return on assets (ROA)17.0%above the sector's middle half▲ 0.5pp3.7%within the sector's middle half▼ 13.4pp2.1%within the sector's middle half▼ 1.5pp5.3%within the sector's middle half▲ 3.2pp21.2%above the sector's middle half▲ 15.8pp
Staff (FTE)2.1below the sector's middle half▲ 31.3%3.1within the sector's middle half▲ 47.6%4.8within the sector's middle half▲ 54.8%3.8within the sector's middle half▼ 20.8%4.1within the sector's middle half▲ 7.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 241% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €886,375
Fixed assets
€610,489 ▲ 21.3%
Current assets
€275,886 ▲ 1.2%
Equity and liabilities €886,375
Equity
€211,839 ▼ 20.4%
Debt
€674,536 ▲ 32.3%
Debt's share of the balance-sheet total rises from 65.7% to 76.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€295,952▲
2024 · €163,025
Cash flow
€274,794▲
2024 · €143,183
Debt to equity
3.18▲
2024 · 1.92
ROE
88.6%▲
2024 · 15.6%
Interest coverage
16.31▲
2024 · 11.72
Debt ≤ 1 year
€371,467▲
2024 · €248,966
Debt > 1 year
€303,069▲
2024 · €260,715
Income taxes
€8,999▲
2024 · €6,785
Staff costs
€229,242▲
2024 · €186,358
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 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% 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 5,053 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €43,850 | - |
| Remuneration, social security and pensions62 | - | €113,487 | €149,588 | €186,358 | €229,242 | ▲ 23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,135 | €41,159 | €55,519 | €101,726 | €87,019 | ▼ 14.5% |
| Other operating charges640/8 | - | €111 | - | €44,203 | €1,333 | ▼ 97.0% |
| Gross operating margin9900 | €182,717 | €174,396 | €221,173 | €393,586 | €526,527 | ▲ 33.8% |
| Operating profit (loss)9901 | €86,215 | €19,639 | €16,066 | €61,299 | €208,933 | ▲ 241% |
| Financial income75/76B | - | €969 | €1,019 | €858 | €5,987 | ▲ 598% |
| Recurring financial income75 | €682 | €969 | €1,019 | €858 | €5,987 | ▲ 598% |
| Financial charges65/66B | - | €2,687 | €4,905 | €13,915 | €18,146 | ▲ 30.4% |
| Recurring financial charges65 | €3,469 | €2,687 | €4,905 | €13,915 | €18,146 | ▲ 30.4% |
| Profit (loss) for the period before taxes9903 | €83,428 | €17,921 | €12,180 | €48,242 | €196,774 | ▲ 308% |
| Income taxes67/77 | €17,683 | €3,273 | €177 | €6,785 | €8,999 | ▲ 32.6% |
| Profit (loss) for the period9904 | €65,745 | €14,648 | €12,003 | €41,457 | €187,775 | ▲ 353% |
| Profit (loss) for the period to be appropriated9905 | €65,745 | €14,648 | €12,003 | €41,457 | €187,775 | ▲ 353% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385,773 | €400,902 | €564,660 | €775,745 | €886,375 | ▲ 14.3% |
| Fixed assets21/28 | €243,102 | €254,209 | €376,676 | €503,124 | €610,489 | ▲ 21.3% |
| Tangible fixed assets22/27 | €243,102 | €254,209 | €376,676 | €503,124 | €610,489 | ▲ 21.3% |
| Land and buildings22 | - | €122,245 | €117,660 | €309,116 | €297,531 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €51,886 | €197,260 | €149,606 | €113,556 | ▼ 24.1% |
| Furniture and vehicles24 | - | €54,267 | €39,751 | €26,202 | €18,352 | ▼ 30.0% |
| Leasing and similar rights25 | - | - | - | - | €166,656 | - |
| Other tangible fixed assets26 | - | €25,811 | €22,005 | €18,200 | €14,394 | ▼ 20.9% |
| Current assets29/58 | €142,671 | €146,693 | €187,984 | €272,621 | €275,886 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €107,585 | €73,182 | €62,481 | €201,350 | €130,125 | ▼ 35.4% |
| Trade receivables40 | - | €48,445 | €28,070 | €101,734 | €48,125 | ▼ 52.7% |
| Other amounts receivable41 | - | €24,737 | €34,411 | €99,616 | €82,000 | ▼ 17.7% |
| Cash at bank and in hand54/58 | €35,086 | €73,511 | €125,503 | €71,271 | €145,761 | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385,773 | €400,902 | €564,660 | €775,745 | €886,375 | ▲ 14.3% |
| Equity10/15 | €197,956 | €212,604 | €224,607 | €266,064 | €211,839 | ▼ 20.4% |
| Contributions10/11 | - | €20,000 | €22,000 | €22,000 | €22,000 | = |
| Reserves13 | €177,956 | €192,604 | €202,607 | €244,064 | €189,839 | ▼ 22.2% |
| Non-distributable reserves130/1 | - | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | - | - | - | - |
| Distributable reserves133 | - | €190,604 | €202,607 | €244,064 | €189,839 | ▼ 22.2% |
| Profit (loss) carried forward14 | -€18,706 | - | - | - | - | - |
| Amounts payable17/49 | €187,817 | €188,298 | €340,053 | €509,681 | €674,536 | ▲ 32.3% |
| Amounts payable after more than one year17 | €135,155 | €109,973 | €180,510 | €260,715 | €303,069 | ▲ 16.2% |
| Financial debts170/4 | - | €109,973 | €180,510 | €260,715 | €303,069 | ▲ 16.2% |
| Amounts payable within one year42/48 | €52,662 | €78,325 | €159,543 | €248,966 | €371,467 | ▲ 49.2% |
| Current portion of amounts payable after more than one year42 | - | €25,182 | €49,708 | €63,721 | €84,465 | ▲ 32.6% |
| Trade debts44 | €3,564 | €20,298 | €87,100 | €158,734 | €22,606 | ▼ 85.8% |
| Suppliers440/4 | - | €20,298 | €87,100 | €158,734 | €22,606 | ▼ 85.8% |
| Taxes, remuneration and social security45 | - | €32,845 | €22,735 | €26,511 | €22,396 | ▼ 15.5% |
| Taxes450/3 | - | €19,825 | €10,278 | €9,289 | €12,958 | ▲ 39.5% |
| Remuneration and social security454/9 | - | €13,020 | €12,457 | €17,222 | €9,438 | ▼ 45.2% |
| Other amounts payable47/48 | - | - | - | - | €242,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,745 | €14,648 | €12,003 | €41,457 | €187,775 | ▲ 353% |
| + Depreciation and write-downs630 | €27,135 | €41,159 | €55,519 | €101,726 | €87,019 | ▼ 14.5% |
| Operating cash flow (approximation) | €92,880 | €55,807 | €67,522 | €143,183 | €274,794 | ▲ 91.9% |
| Investment in fixed assets (approximation) | - | -€52,266 | -€177,986 | -€228,174 | -€194,384 | ▲ 14.8% |
| Change in cash | - | €38,425 | €51,992 | -€54,232 | €74,490 | ▲ 237% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €187,775 ▲353%
Operating result €208,933, net result €187,775, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €200,000Eq €212,604 ▲7.4%
4 profitable years in a row build equity to €212,604.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €150,000Eq €197,956 ▲49.7%
3 profitable years in a row build equity to €197,956.
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
30-06
Financial
Equity above €100,000Eq €132,211 ▲63.8%
2 profitable years in a row build equity to €132,211.
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 113 days late
2017
07-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Anzegem · 1 establishment unit since 2014
Ground area
1,961 m²
Building footprint
410 m²
Volume, LiDAR
2,975 m³
2 parcels, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Stijn Streuvelsstraat 4, 8570 Anzegem
since 20142.234.158.141
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34018C0437/00N000 | Flanders | 1,038 m² | 1 · 228 m² | 14.8 m · 4 fl. |
| 34018C0185/00M000 | Flanders | 923 m² | 1 · 181 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,221 EUR awarded · 418 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 803 EUR | 0 EUR |
| 2024 | 1 | 418 EUR | 418 EUR |
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Of 11,140 companies in sector 43910 we hold annual accounts for 5,495. 4,486 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
Founded07-07-2014
Fiscal year end30-06
Activities, NACEBEL 2025
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0555769517
Also
9925:BE0555769517
Registered
18-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.