Summary
FRAHOLD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.5m and a net result of €267,560. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 81% of 604 sector peers (NACE 66, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
Equity
€1.5m▲ 4.7%
2024 · €1.4m
Net result
€267,560▼ 24.6%
2024 · €355,009
Total assets
€2.0m▼ 4.2%
2024 · €2.1m
Solvency
75.4%▲ 6.4pp
2024 · 69.0%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.1m
2025
Net result€0.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.0m
2025
Equity€1.5m
2025
Debt€0.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)13.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency75.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.67
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.01m▼ 60.2%€0.07m▲ 506%€0.1m▲ 50.2%€0.1m▲ 3.5%€0.08m▼ 29.7%€0.08m▲ 5.9%€0.1m▲ 20.3%
Net result€0.2m--€0.02m€0.03mwithin the sector's middle half€0.06mwithin the sector's middle half▲ 98.9%€0.1mabove the sector's middle half▲ 121%€0.4mabove the sector's middle half▲ 186%€0.4mabove the sector's middle half▼ 11.6%€0.3mwithin the sector's middle half▼ 24.6%
Equity€1.3m-€1.3m▼ 1.1%€1.4mabove the sector's middle half▲ 2.4%€1.4mabove the sector's middle half▲ 4.7%€1.4mabove the sector's middle half▼ 0.7%€1.4mabove the sector's middle half▲ 0.1%€1.4mabove the sector's middle half▲ 1.8%€1.5mwithin the sector's middle half▲ 4.7%
Total assets€2.0m-€1.7m▼ 14.6%€2.0mabove the sector's middle half▲ 14.2%€2.0mabove the sector's middle half▲ 1.1%€1.8mabove the sector's middle half▼ 12.2%€2.1mwithin the sector's middle half▲ 16.0%€2.1mwithin the sector's middle half▲ 1.4%€2.0mwithin the sector's middle half▼ 4.2%
Debt€0.7m-€0.4m▼ 40.1%€0.6m▲ 50.9%€0.6m▼ 6.6%€0.4m▼ 39.7%€0.6m▲ 78.2%€0.6m▲ 0.6%€0.5m▼ 24.0%
Working capital€0.4m-€0.1m▼ 74.1%€0.3mabove the sector's middle half▲ 227%€0.4mabove the sector's middle half▲ 7.9%-€0.2mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 0.7%-€0.2mbelow the sector's middle half▲ 6.7%-€0.1mbelow the sector's middle half▲ 32.3%
Solvency65.4%-75.7%▲ 10.3pp67.9%within the sector's middle half▼ 7.8pp70.4%within the sector's middle half▲ 2.4pp79.6%above the sector's middle half▲ 9.3pp68.7%above the sector's middle half▼ 10.9pp69.0%above the sector's middle half▲ 0.2pp75.4%above the sector's middle half▲ 6.4pp
Current ratio15.83-7.68▼ 8.1410.71above the sector's middle half▲ 3.0313.34above the sector's middle half▲ 2.630.38below the sector's middle half▼ 12.960.66below the sector's middle half▲ 0.270.63below the sector's middle half▼ 0.030.67below the sector's middle half▲ 0.04
Return on assets (ROA)12.0%--0.9%▼ 12.8pp1.6%within the sector's middle half▲ 2.5pp3.1%within the sector's middle half▲ 1.5pp7.9%within the sector's middle half▲ 4.8pp19.5%above the sector's middle half▲ 11.6pp17.0%within the sector's middle half▼ 2.5pp13.4%within the sector's middle half▼ 3.6pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: 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.
Why a figure moved sharply
- 2023 Net result +186% on 2022. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.7m ▼ 1.3%
Current assets
€285,617 ▼ 18.7%
Equity and liabilities €2.0m
Equity
€1.5m ▲ 4.7%
Debt
€492,079 ▼ 24.0%
Debt's share of the balance-sheet total falls from 31.0% to 24.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
17.8%▼
2024 · 24.7%
Debt ≤ 1 year
€425,583▼
2024 · €557,807
Debt > 1 year
€66,496▼
2024 · €89,295
Income taxes
€25,674▲
2024 · €20,656
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €14,452 | €22,971 | ▲ 59.0% |
| Other operating charges640/8 | - | - | - | €868 | €868 | €180 | €4,309 | €2,012 | ▼ 53.3% |
| Gross operating margin9900 | €29,867 | €12,487 | €71,331 | €106,718 | €110,375 | €77,134 | €100,290 | €123,061 | ▲ 22.7% |
| Operating profit (loss)9901 | €29,159 | €11,619 | €70,463 | €105,850 | €109,507 | €76,954 | €81,529 | €98,079 | ▲ 20.3% |
| Financial income75/76B | - | - | - | €1,056 | €79,168 | €346,369 | €296,888 | €199,295 | ▼ 32.9% |
| Recurring financial income75 | €250,000 | - | - | €1,056 | €79,168 | €346,369 | €296,888 | €197,295 | ▼ 33.5% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €2,000 | - |
| Financial charges65/66B | - | - | - | €20,513 | €23,269 | €706 | €2,752 | €4,140 | ▲ 50.4% |
| Recurring financial charges65 | €33,390 | €26,973 | €28,627 | €20,513 | €23,269 | €706 | €2,752 | €4,140 | ▲ 50.4% |
| Profit (loss) for the period before taxes9903 | €245,769 | -€15,354 | €41,836 | €86,393 | €165,406 | €422,617 | €375,665 | €293,234 | ▼ 21.9% |
| Income taxes67/77 | €765 | - | €9,905 | €22,870 | €24,909 | €21,087 | €20,656 | €25,674 | ▲ 24.3% |
| Profit (loss) for the period9904 | €245,004 | -€15,354 | €31,931 | €63,524 | €140,497 | €401,530 | €355,009 | €267,560 | ▼ 24.6% |
| Profit (loss) for the period to be appropriated9905 | €245,004 | -€15,354 | €31,931 | €63,524 | €140,497 | €401,530 | €355,009 | €267,560 | ▼ 24.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.0m | €1.7m | €2.0m | €2.0m | €1.8m | €2.1m | €2.1m | €2.0m | ▼ 4.2% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.7m | €1.7m | ▼ 1.3% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €0.1m | €0.08m | ▼ 22.0% |
| Furniture and vehicles24 | - | - | - | - | - | - | €0.1m | €0.08m | ▼ 22.0% |
| Financial fixed assets28 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Current assets29/58 | €0.4m | €0.1m | €0.4m | €0.4m | €0.1m | €0.4m | €0.4m | €0.3m | ▼ 18.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.008m | €0.04m | €0.007m | €0.08m | €0.3m | €0.3m | €0.2m | ▼ 29.1% |
| Trade receivables40 | - | - | - | - | €0.08m | €0.3m | €0.3m | €0.2m | ▼ 33.4% |
| Other amounts receivable41 | - | - | - | €0.007m | - | - | €0.004m | €0.02m | ▲ 269% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.3m | €0.4m | €0.06m | €0.07m | €0.05m | €0.07m | ▲ 45.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.0m | €1.7m | €2.0m | €2.0m | €1.8m | €2.1m | €2.1m | €2.0m | ▼ 4.2% |
| Equity10/15 | €1.3m | €1.3m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 4.7% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 6.1% |
| Amounts payable17/49 | €0.7m | €0.4m | €0.6m | €0.6m | €0.4m | €0.6m | €0.6m | €0.5m | ▼ 24.0% |
| Amounts payable after more than one year17 | €0.7m | €0.4m | €0.6m | €0.6m | - | - | €0.09m | €0.07m | ▼ 25.5% |
| Financial debts170/4 | - | - | - | €0.07m | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.5m | - | - | €0.09m | €0.07m | ▼ 25.5% |
| Amounts payable within one year42/48 | €0.03m | €0.02m | €0.03m | €0.03m | €0.4m | €0.6m | €0.6m | €0.4m | ▼ 23.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.04m | €0 | €0.02m | €0.02m | = |
| Trade debts44 | €0.007m | €0.005m | €0.004m | €0.002m | - | - | - | €189 | - |
| Suppliers440/4 | - | - | - | €0.002m | - | - | - | €189 | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.03m | €0.03m | €0.001m | €0.001m | ▼ 38.0% |
| Taxes450/3 | - | - | - | €0.01m | €0.03m | €0.03m | €0.001m | €0.001m | ▼ 38.0% |
| Remuneration and social security454/9 | - | - | - | - | €0.001m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.3m | €0.6m | €0.5m | €0.4m | ▼ 24.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €245,004 | -€15,354 | €31,931 | €63,524 | €140,497 | €401,530 | €355,009 | €267,560 | ▼ 24.6% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €14,452 | €22,971 | ▲ 59.0% |
| Operating cash flow (approximation) | €245,004 | -€15,354 | €31,931 | €63,524 | €140,497 | €401,530 | €369,461 | €290,531 | ▼ 21.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€113,993 | -€1,039 | ▲ 99.1% |
| Change in cash | - | -€50,014 | €219,682 | €50,797 | -€319,150 | €15,488 | -€25,319 | €22,380 | - |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00351440 |
| 31-12-2024 | full format | 18-06-2025 | 2025-00152648 |
| 31-12-2023 | full format | 18-06-2024 | 2024-00145372 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00418067 |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20442555 |
| 31-12-2020 | micro format | 22-09-2021 | 2021-68000483 |
| 31-12-2019 | micro format | 21-09-2020 | 2020-54500134 |
| 31-12-2018 | micro format | 19-08-2019 | 2019-47200285 |
| 31-12-2017 | micro format | 17-09-2018 | 2018-63200421 |
| 31-12-2016 | micro format | 31-07-2017 | 2017-38600205 |
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Of the 4,606 active companies whose main activity is insurance agents and brokers (NACE 66220), figures are known for 3,216. 1,860 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.