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FRAGINE

Active
Private limited company (pre-2019)founded 198739 yrs activeHarelbekestraat 2, 8540 Deerlijk, BelgiumKBO/BCE: BE 0430.432.055
Summary

FRAGINE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €589,032 and a net result of €135,013. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 40% of 11770 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
FRAGINEActiveChecked score 71/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of household textiles and bedding
NACE 47512Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716NACE 52410
2 sites
Size
€2.1mtotal assets 2025
Staff
6.4 FTE
Equity
€589,032
Profit
€135,013
Turnover not published (abridged schema)
Financial health
71 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Accounts filed 59 d late0 of 3 deeds read
Why 71- Latest accounts 59 days late; 1 of the last 3 late- Liquidity: current ratio 0.65, cash €53,497+ Founded in 1987+ Profit of €135,013 (FY 2025)Show the evidence

Checked score

Score 2025
71 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 54% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 53+7
equity 28.4% of total assets
Liquidity 37+2
short-term debt 35.9% · cash 2.6%
Profitability 74+22
return on assets 6.5%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,919 companies)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● 0.0% vs 11-2024 01-2025: 1.7%▼ -0.6% vs 12-2024 02-2025: 1.7%● 0.0% vs 01-2025 03-2025: 1.7%▼ -2.2% vs 02-2025 04-2025: 1.7%▲ +1.1% vs 03-2025 05-2025: 1.7%▲ +0.5% vs 04-2025 06-2025: 1.7%▼ -0.6% vs 05-2025 07-2025: 2.1%▲ +22.6% vs 06-2025 08-2025: 2.9%▲ +38.4% vs 07-2025 09-2025: 3.4%▲ +18.2% vs 08-2025highest value 10-2025: 1.2%▼ -63.8% vs 09-2025 11-2025: 1.2%● 0.0% vs 10-2025 12-2025: 1.2%● 0.0% vs 11-2025 01-2026: 1.2%● 0.0% vs 12-2025 02-2026: 1.2%● 0.0% vs 01-2026 03-2026: 1.2%● 0.0% vs 02-2026 04-2026: 1.3%▲ +3.8% vs 03-2026 05-2026: 1.3%▲ +1.1% vs 04-2026 06-2026: 1.3%▲ +1.0% vs 05-2026 07-2026: 1.3%▼ -0.2% vs 06-2026 08-2026: 2.5%▲ +90.4% vs 07-2026 09-2026: 3.1%▲ +24.1% vs 08-2026 10-2026: 0.6%▼ -80.2% vs 09-2026lowest value
  • Founded in 1987 lowers the probability for this profile
  • Latest accounts 59 days late; 1 of the last 3 late raises the probability
  • Liquidity: current ratio 0.65, cash €53,497 raises the probability
  • Profit of €135,013 (FY 2025) lowers the probability
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.49 in 2024; short-term debt: 35.9% and cash: 2.6% of total assets), and 71.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 44%, liquidity 34%, profitability 59%, growth against the median 79%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Latest accounts 59 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 0.65, cash €53,497
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Profit of €135,013 (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €589,032
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 filings
Deviation from the deadline
2025
59 d late
2024
29 d late
2023
7 d early
2022
3 d early
2021
61 d late
2020
146 d late
2019
89 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 53 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €135,013
  3. Equity above €500,000Eq €589,032 ▲29.6%

Key points

  • Positive: Back in profit in 2025after -€1,418 in 2024 €135,013 View
  • Positive: Among the best 19% on net resultsector median €28,653 · 11,758 companies €135,013 View
  • Active since 1987founded 16-02-1987 39 years View

By topic

Financials

Fiscal year
2025
Total assets
€2.1m
Profit
€135,013
Solvency
28.4%
Total assets▼ 3.4%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 28-09-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 31-12-2025Equity above €500,000
Go to Timeline

Company details

Sites
2
Legal form
Private limited company (pre-2019)
Activity
Retail sale of household textiles and beddingNACE 47512
Founded
16-02-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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