FRAHOREX
ActiveSummary
FRAHOREX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €7k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 80% of 968 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-7
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.88 against 7.91 in 2024; short-term debt: 11.4% and cash: 22.4% of total assets), and 22.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
77.6%
Return on assets
4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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
53 d late
2024
57 d late
2023
42 d late
2022
38 d late
2021
50 d late
2020
60 d late
2019
74 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€133k▲ 5.4%
2024 · €126k
Total assets
€171k▲ 28.5%
2024 · €133k
Net result
€7k▼ 49.0%
2024 · €13k
Working capital
€56k▲ 12.2%
2024 · €50k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50k▼ 10.6%€72k▲ 43.6%€21k▼ 70.4%€19k▼ 12.3%€13k▼ 31.7%
Net result€37k▼ 17.6%€52k▲ 41.5%€16k▼ 69.6%€13k▼ 14.7%€7k▼ 49.0%
Equity€128k▼ 19.0%€133k▲ 3.2%€113k▼ 15.1%€126k▲ 11.9%€133k▲ 5.4%
Total assets€155k▼ 19.2%€162k▲ 5.0%€143k▼ 11.8%€133k▼ 6.9%€171k▲ 28.5%
Debt€26k▼ 20.0%€30k▲ 13.7%€31k▲ 2.9%€7k▼ 76.2%€38k▲ 427%
Working capital€78k▼ 30.0%€84k▲ 6.9%€31k▼ 63.5%€50k▲ 64.6%€56k▲ 12.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171k
Fixed assets
€95k ▲ 25.8%
Current assets
€76k ▲ 32.0%
Equity and liabilities €171k
Equity
€133k ▲ 5.4%
Debt
€38k ▲ 427%
Debt's share of the balance-sheet total rises from 5.5% to 22.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €38k
Cash flow
€35k▲
2024 · €33k
Current ratio
3.88▼
2024 · 7.91
Debt to equity
0.29▲
2024 · 0.06
ROE
5.2%▼
2024 · 10.6%
ROA
4.0%▼
2024 · 10.1%
Interest coverage
39.73▼
2024 · 234.90
Debt ≤ 1 year
€20k▲
2024 · €7k
Debt > 1 year
€19k
Income taxes
€5k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €13k | €16k | €20k | €28k | ▲ 43.3% |
| Other operating charges640/8 | €2k | €3k | €1k | €1k | €3k | ▲ 127% |
| Gross operating margin9900 | €80k | €87k | €38k | €40k | €44k | ▲ 10.9% |
| Operating profit (loss)9901 | €50k | €72k | €21k | €19k | €13k | ▼ 31.7% |
| Financial income75/76B | €21 | - | €170 | €82 | €53 | ▼ 35.1% |
| Recurring financial income75 | €21 | - | €170 | €82 | €53 | ▼ 35.1% |
| Financial charges65/66B | €251 | €82 | €26 | €164 | €1k | ▲ 532% |
| Recurring financial charges65 | €251 | €82 | €26 | €164 | €1k | ▲ 532% |
| Profit (loss) for the period before taxes9903 | €50k | €72k | €21k | €19k | €12k | ▼ 36.7% |
| Income taxes67/77 | €13k | €20k | €6k | €5k | €5k | ▼ 4.5% |
| Profit (loss) for the period9904 | €37k | €52k | €16k | €13k | €7k | ▼ 49.0% |
| Profit (loss) for the period to be appropriated9905 | €37k | €52k | €16k | €13k | €7k | ▼ 49.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155k | €162k | €143k | €133k | €171k | ▲ 28.5% |
| Fixed assets21/28 | €55k | €49k | €82k | €76k | €95k | ▲ 25.8% |
| Tangible fixed assets22/27 | €55k | €49k | €82k | €76k | €95k | ▲ 25.8% |
| Land and buildings22 | €34k | €30k | €26k | €22k | €17k | ▼ 18.9% |
| Plant, machinery and equipment23 | €4k | €961 | €2k | €5k | €9k | ▲ 80.1% |
| Furniture and vehicles24 | €18k | €18k | €54k | €49k | €69k | ▲ 40.0% |
| Current assets29/58 | €100k | €114k | €61k | €58k | €76k | ▲ 32.0% |
| Amounts receivable within one year40/41 | €81k | €24k | €26k | €32k | €36k | ▲ 13.4% |
| Trade receivables40 | €18k | - | €11k | - | €231 | - |
| Other amounts receivable41 | €63k | €24k | €15k | €32k | €36k | ▲ 12.7% |
| Cash at bank and in hand54/58 | €16k | €88k | €33k | €24k | €38k | ▲ 61.1% |
| Deferred charges and accrued income490/1 | €3k | €2k | €2k | €2k | €2k | ▼ 13.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155k | €162k | €143k | €133k | €171k | ▲ 28.5% |
| Equity10/15 | €128k | €133k | €113k | €126k | €133k | ▲ 5.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €120k | €125k | €105k | €118k | €125k | ▲ 5.8% |
| Amounts payable17/49 | €26k | €30k | €31k | €7k | €38k | ▲ 427% |
| Amounts payable after more than one year17 | €5k | - | - | - | €19k | - |
| Financial debts170/4 | €5k | - | - | - | €19k | - |
| Amounts payable within one year42/48 | €21k | €30k | €31k | €7k | €20k | ▲ 169% |
| Current portion of amounts payable after more than one year42 | €7k | €200 | - | - | €9k | - |
| Financial debts43 | €3k | - | - | - | - | - |
| Credit institutions430/8 | €3k | - | - | - | - | - |
| Trade debts44 | €5k | €2k | €4k | €4k | €2k | ▼ 37.2% |
| Suppliers440/4 | €5k | €2k | €4k | €4k | €2k | ▼ 37.2% |
| Taxes, remuneration and social security45 | €7k | €27k | €27k | €4k | €9k | ▲ 143% |
| Taxes450/3 | €7k | €27k | €27k | €4k | €9k | ▲ 143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €52k | €16k | €13k | €7k | ▼ 49.0% |
| + Depreciation and write-downs630 | €28k | €13k | €16k | €20k | €28k | ▲ 43.3% |
| Operating cash flow (approximation) | €65k | €65k | €31k | €33k | €35k | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €-7k | €-49k | €-13k | €-48k | ▼ 256% |
| Change in cash | - | €72k | €-55k | €-9k | €15k | ▲ 254% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
31-12
Financial
Weakest financial yearnet €7k ▼49%
Net result drops to €7k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 7.91
Current ratio from 2.00 to 7.91; short-term debt falls from €31k to €7k.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
31-12
Financial
Highest result since 2018net €52k ▲41.5%
Operating result €72k, net result €52k, both a record.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Equity above €150kEq €159k ▲38.8%
3 profitable years in a row build equity to €159k.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
31-12
Financial
Equity above €100kEq €114k ▲22.8%
2 profitable years in a row build equity to €114k.
Show earlier events
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Wetteren · 1 establishment unit since 2009
Ground area
1,123 m²
Building footprint
156 m²
Volume, LiDAR
798 m³
Parcel 42025B0796/00B000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRAHOREX
since 20092.182.437.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025B0796/00B000 | Flanders | 1,123 m² | 1 · 156 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
OCCIDENS
BE 0876.788.245
Antwerpen · Eq €132,470
Bierhandel Sevens
BE 0448.379.530
Lommel · Eq €133,278
TRANSPORT ROOMS FRANKIE
BE 0462.510.648
Zele · Eq €132,407
EX-TRA SERVICE
BE 0421.864.381
Jabbeke · Eq €133,472
GRAVEL - IN
BE 0461.884.108
Brussel · Eq €132,265
Of 3,186 companies in sector 52250 we hold annual accounts for 1,954. 1,418 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
Founded28-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.