FRAIMCO
Open bankruptcySummary
A bankruptcy procedure is open for FRAIMCO according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €679,747 and a net result of €3,539.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 5 November 2024
- Supervising judge
- Stijn Mollemans
- Official Gazette
- 12-11-2024 (pdf) ↗search the document for 2024/143308
Deadlines
- Provisional date payments stopped
- 5 November 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 27 November 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 December 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 11 December 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 November 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Anthony HouthoofdErnest Allardstraat 45, 1000 Brussel 1a.houthoofd@dnh-legal.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 30-11-2023, 30 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
not filed
2024
not filed
2023
30 d late
2022
8 d late
2021
3 d early
2020
9 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Public relations and communication consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€679,747▲ 0.5%
2022 · €676,207
Total assets
€1.5m▼ 6.1%
2022 · €1.6m
Net result
€3,539
2022 · -€27,706
Working capital
-€157,968▼ 0.6%
2022 · -€156,994
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20192020202120222023
Operating result€34,349-€27,558▼ 19.8%€39,045▲ 41.7%€24,540▼ 37.2%€46,393▲ 89.1%
Net result€11,760-€8,329within the sector's middle half▼ 29.2%€14,117within the sector's middle half▲ 69.5%-€27,706below the sector's middle half€3,539within the sector's middle half
Equity€681,467-€689,796above the sector's middle half▲ 1.2%€703,913above the sector's middle half▲ 2.0%€676,207within the sector's middle half▼ 3.9%€679,747within the sector's middle half▲ 0.5%
Total assets€1.6m-€1.4mwithin the sector's middle half▼ 9.3%€1.5mwithin the sector's middle half▲ 7.8%€1.6mwithin the sector's middle half▲ 3.6%€1.5mwithin the sector's middle half▼ 6.1%
Debt€894,969-€740,608▼ 17.2%€837,612▲ 13.1%€921,416▲ 10.0%€820,299▼ 11.0%
Working capital-€106,204--€122,032below the sector's middle half▼ 14.9%-€259,113below the sector's middle half▼ 112%-€156,994below the sector's middle half▲ 39.4%-€157,968below the sector's middle half▼ 0.6%
Solvency43.2%-48.2%within the sector's middle half▲ 5.0pp45.7%within the sector's middle half▼ 2.6pp42.3%within the sector's middle half▼ 3.3pp45.3%within the sector's middle half▲ 3.0pp
Current ratio0.85-0.80below the sector's middle half▼ 0.050.57below the sector's middle half▼ 0.230.76below the sector's middle half▲ 0.190.77below the sector's middle half▲ 0.01
Return on assets (ROA)0.7%-0.6%within the sector's middle half▼ 0.2pp0.9%within the sector's middle half▲ 0.3pp-1.7%below the sector's middle half▼ 2.6pp0.2%within the sector's middle half▲ 2.0pp
Staff (FTE)6.3-5.4within the sector's middle half▼ 14.3%6within the sector's middle half▲ 11.1%4.2within the sector's middle half▼ 30.0%3within the sector's middle half▼ 28.6%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 89% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.5m
Fixed assets
€976,208 ▼ 10.7%
Current assets
€523,838 ▲ 3.8%
Equity and liabilities €1.5m
Equity
€679,747 ▲ 0.5%
Debt
€820,299 ▼ 11.0%
Debt's share of the balance-sheet total falls from 57.7% to 54.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€141,150▲
2022 · €131,160
Cash flow
€98,296▲
2022 · €78,915
Quick ratio
0.46▲
2022 · 0.42
Debt to equity
1.21▼
2022 · 1.36
ROE
0.5%▲
2022 · -4.1%
Interest coverage
3.26▲
2022 · 2.51
Debt ≤ 1 year
€681,806▲
2022 · €661,751
Debt > 1 year
€138,493▼
2022 · €259,664
Staff costs
€60,103▼
2022 · €131,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €131,346 | €60,103 | ▼ 54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88,567 | €74,062 | €82,353 | €106,621 | €94,756 | ▼ 11.1% |
| Other operating charges640/8 | - | - | - | €5,847 | €13,425 | ▲ 130% |
| Gross operating margin9900 | €444,646 | €392,192 | €386,699 | €268,353 | €214,678 | ▼ 20.0% |
| Operating profit (loss)9901 | €34,349 | €27,558 | €39,045 | €24,540 | €46,393 | ▲ 89.1% |
| Financial income75/76B | - | - | - | €34 | €492 | ▲ 1,351% |
| Recurring financial income75 | €1,783 | €865 | €466 | €34 | €492 | ▲ 1,351% |
| Financial charges65/66B | - | - | - | €52,279 | €43,346 | ▼ 17.1% |
| Recurring financial charges65 | €18,423 | €16,669 | €25,238 | €52,279 | €43,346 | ▼ 17.1% |
| Profit (loss) for the period before taxes9903 | €17,710 | €11,755 | €14,273 | -€27,706 | €3,539 | ▲ 113% |
| Income taxes67/77 | €5,950 | €3,425 | €156 | - | - | - |
| Profit (loss) for the period9904 | €11,760 | €8,329 | €14,117 | -€27,706 | €3,539 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €11,760 | €8,329 | €14,117 | -€27,706 | €3,539 | ▲ 113% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.4m | €1.5m | €1.6m | €1.5m | ▼ 6.1% |
| Fixed assets21/28 | €965,409 | €937,637 | €1.2m | €1.1m | €976,208 | ▼ 10.7% |
| Intangible fixed assets21 | €33,038 | €24,208 | €16,000 | €8,000 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €927,021 | €908,079 | €1.2m | €1.1m | €970,857 | ▼ 10.1% |
| Land and buildings22 | - | - | - | €675,380 | €664,458 | ▼ 1.6% |
| Plant, machinery and equipment23 | - | - | - | €19,177 | €2,399 | ▼ 87.5% |
| Furniture and vehicles24 | - | - | - | €1,839 | €164,009 | ▲ 8,816% |
| Leasing and similar rights25 | - | - | - | €211,082 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €172,037 | €139,992 | ▼ 18.6% |
| Financial fixed assets28 | €5,351 | €5,351 | €5,351 | €5,351 | €5,351 | = |
| Current assets29/58 | €611,027 | €492,768 | €345,361 | €504,757 | €523,838 | ▲ 3.8% |
| Stocks and contracts in progress3 | €282,749 | €57,674 | €46,110 | €226,879 | €206,812 | ▼ 8.8% |
| Stocks30/36 | - | - | - | €56,468 | €61,812 | ▲ 9.5% |
| Contracts in progress37 | - | - | - | €170,411 | €145,000 | ▼ 14.9% |
| Amounts receivable within one year40/41 | €287,426 | €272,834 | €147,410 | €169,869 | €311,296 | ▲ 83.3% |
| Trade receivables40 | - | - | - | €157,668 | €205,280 | ▲ 30.2% |
| Other amounts receivable41 | - | - | - | €12,201 | €106,016 | ▲ 769% |
| Cash at bank and in hand54/58 | €15,336 | €26,617 | €31,157 | €87,477 | €5,730 | ▼ 93.4% |
| Deferred charges and accrued income490/1 | - | - | - | €20,532 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.4m | €1.5m | €1.6m | €1.5m | ▼ 6.1% |
| Equity10/15 | €681,467 | €689,796 | €703,913 | €676,207 | €679,747 | ▲ 0.5% |
| Contributions10/11 | €571,219 | - | - | €571,219 | €571,219 | = |
| Reserves13 | €306,479 | €306,479 | €306,479 | €306,479 | €306,479 | = |
| Non-distributable reserves130/1 | - | - | - | €9,028 | €9,028 | = |
| Reserves not available under the articles1311 | - | - | - | €9,028 | €9,028 | = |
| Tax-exempt reserves132 | - | - | - | €89,833 | €89,833 | = |
| Distributable reserves133 | - | - | - | €207,618 | €207,618 | = |
| Profit (loss) carried forward14 | -€196,231 | -€187,901 | -€173,785 | -€201,490 | -€197,951 | ▲ 1.8% |
| Amounts payable17/49 | €894,969 | €740,608 | €837,612 | €921,416 | €820,299 | ▼ 11.0% |
| Amounts payable after more than one year17 | €177,738 | €125,808 | €233,138 | €259,664 | €138,493 | ▼ 46.7% |
| Financial debts170/4 | - | - | - | €259,664 | €138,493 | ▼ 46.7% |
| Amounts payable within one year42/48 | €717,231 | €614,800 | €604,475 | €661,751 | €681,806 | ▲ 3.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €65,305 | €17,213 | ▼ 73.6% |
| Financial debts43 | - | - | - | €180,000 | €180,000 | = |
| Credit institutions430/8 | - | - | - | €180,000 | €180,000 | = |
| Trade debts44 | €376,772 | €374,032 | €303,606 | €254,674 | €393,890 | ▲ 54.7% |
| Suppliers440/4 | - | - | - | €254,674 | €393,890 | ▲ 54.7% |
| Taxes, remuneration and social security45 | - | - | - | €18,238 | €5,299 | ▼ 70.9% |
| Taxes450/3 | - | - | - | €481 | €315 | ▼ 34.5% |
| Remuneration and social security454/9 | - | - | - | €17,757 | €4,984 | ▼ 71.9% |
| Other amounts payable47/48 | - | - | - | €143,535 | €85,404 | ▼ 40.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,760 | €8,329 | €14,117 | -€27,706 | €3,539 | ▲ 113% |
| + Depreciation and write-downs630 | €88,567 | €74,062 | €82,353 | €106,621 | €94,756 | ▼ 11.1% |
| Operating cash flow (approximation) | €100,326 | €82,391 | €96,470 | €78,915 | €98,296 | ▲ 24.6% |
| Investment in fixed assets (approximation) | - | -€46,289 | -€340,881 | -€3,322 | €21,902 | ▲ 759% |
| Change in cash | - | €11,281 | €4,540 | €56,320 | -€81,747 | ▼ 245% |
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
2024
12-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 05-11-2024
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
31-03
Financial
Back to profitnet €3,539
Net result €3,539 after one loss-making year.
2022
20-12
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 15-11-2022
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
17-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 11-10-2022
31-03
Financial
Weakest financial yearnet -€27,706
Net result drops to -€27,706, the lowest in the series.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €14,117 ▲69.5%
Net result €14,117, the highest in the series.
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
Show earlier events
2017
10-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
29-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
17-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Dilbeek · 1 establishment unit since 2007
Ground area
399 m²
Building footprint
98 m²
Volume, LiDAR
1,292 m³
Parcel 23037B0201/00P000, Flanders · tallest building 17.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FRAIMCO
since 20072.159.215.941
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23037B0201/00P000 | Flanders | 399 m² | 1 · 98 m² | 17.7 m · 4 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY HOUTHOOFD ERNEST ALLARDSTRAAT 45,
1000 BRUSSEL 1 |
05-11-2024 → present |
| Curator | CHRISTINE DE RIDDER JEF LAMBEAUXLAAN 22,
3090 OVERIJSE |
11-10-2022 → 15-11-2022 |
Structure & network
Owners and holdings
1 ownerChain of control
- ELFA CREA
- FRAIMCO
Highest known parent: ELFA CREA. The sources do not say who stands above it.
Owners 1
- ELFA CREAparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 3,700 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
Founded19-01-2007
Fiscal year end31-03
Activities, NACEBEL 2025
73300Public relations and communication consultancy
68122Development of non-residential building projects
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.