FRAGEE

Active

Private limited companyfounded 2002active for 24 yearsBeekstraat 102B, 2830 Willebroek, BelgiumKBO/BCE: BE 0477.236.436

Summary

FRAGEE has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €104,162. Equity is growing by about 9.7% per year across the filed financial years. Its solvency ranks better than 67% of 2,767 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

FRAGEEActiveChecked score 93/100

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001

6th largest company by equity in Willebroek, Construction sector1 site

Size

€2.8mtotal assets 2025

Equity: €1.6m
Profit: €104,162

Turnover not published (abbreviated or micro format)

Financial health

93 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Holdings: 2

Frank VAN BUGGENHOUTDirector
Geert VAN BUGGENHOUTDirector

Accounts 30 days early1 of 2 deeds read

Why 93raises riskSector: Construction of residential and non-residential buildings (NACE 41)Liquidity: current ratio 0.52, cash €32,333, halvedlowers riskSize: total assets €2.8mFounded in 2002Show the evidence

Checked score

Score 2025

93 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 66% of its sector peers (NACE 41, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 80-2

equity 55.3% of total assets

Liquidity 47-8

short-term debt 17.5% · cash 1.1%

Profitability 73-5

return on assets 3.7%

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).

Sector median 0.4% (911 companies, NACE 41, small)

Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: 0.1%▲ +0.1 percentage points vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged 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: 0.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026highest value 05-2026: 0.1%▼ -0.1 percentage points vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €140,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.52, compared with 0.88 in 2024, below 1; short-term debt: 17.5% and cash: 1.1% of total assets), and 44.7% 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 41, small): better than 77% on solvency, 57% on liquidity, 71% on profitability and 60% on growth.

The bankruptcy probability was computed on 23-10-2026 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).

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €2.8m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Construction of residential and non-residential buildings (NACE 41)

KBO

Liquidity: current ratio 0.52, cash €32,333, halved

NBB · annual accounts

Founded in 2002

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

30 days early

2024

55 days early

2023

49 days early

2022

30 days early

2021

31 days early

2020

2 days early

2019

on the day

← 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 28 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 March (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end24-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

31-03-2026 Annual accounts filedfinancial year 2025 · abbreviated…
06-03-2025 Annual accounts filedfinancial year 2024 · abbreviated…
30-09-2024 Highest result from 2019 to 2025net €194,428 ▲113%

Key points

Positive: Among the best 8% on equitysector median €196,953 · 2,767 companies €1.6m View
Caution: Result fell in 2025from €194,428 to €104,162 ▼ 46.4% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 7 profitable years in a rowprofit 2025: €104,162 7 years View

By topic

Financials

Financial year: 2025
Total assets: €2.8m
Profit: €104,162
Solvency: 55.3%

Total assets▲ 10.8%

Net result

20192025

Go to Financials

Board & ownership

Board: 2 members

Frank VAN BUGGENHOUTDirector
Geert VAN BUGGENHOUTDirector

Go to Board & ownership

Network & group

Subsidiaries: 2

2 subsidiaries

Go to Network & group

Timeline

Events: 28
Since: 2004
Next accounts: by 30-04-2027

12-03-2024Annual accounts filed
12-01-2024Reappointments: Frank VAN BUGGENHOUT (director) and Geert…
30-09-2023Liquidity more than doubled

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General construction of residential buildingsNACE 41001
Founded: 29-03-2002
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 26

Annual meeting: Last Friday of February at 18:00
Purpose: “Het aannemen en uitvoeren van alle openbare en private grond-,riool-,wegenis- en…” (deed in Dutch)

Go to Articles of association

Key facts about FRAGEE

What is the company number of FRAGEE?: 0477.236.436. In Belgium the VAT number is the company number with BE in front: BE 0477.236.436.
Where is FRAGEE based?: The registered office is at Beekstraat 102B, 2830 Willebroek.Company details
What does FRAGEE do?: According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of FRAGEE?: Private limited company (BV).
When was FRAGEE founded?: On 29-03-2002.
Is FRAGEE still active?: Yes, FRAGEE is an active enterprise in the KBO register.
What is the turnover of FRAGEE?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is FRAGEE profitable?: In financial year 2025, FRAGEE made a profit of €104,162.
Where can I find the annual accounts of FRAGEE?: FRAGEE filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FRAGEE due?: By 30-04-2027, for financial year 2026.Timeline