FRAMA
ActiveSummary
FRAMA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86,303 and a net result of €513. Equity remains stable across the filed fiscal years (±1.9% per year). The computed 12-month bankruptcy probability is 0.8% (low).
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Signals
This company filed its last 6 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,359 | €1,705 | €2,092 | €2,092 | €2,092 | = |
| Other operating charges640/8 | - | €1,382 | €1,406 | €1,537 | €1,593 | ▲ 3.6% |
| Gross operating margin9900 | €5,597 | €4,840 | €5,598 | €2,784 | €4,302 | ▲ 54.5% |
| Operating profit (loss)9901 | €2,864 | €1,752 | €2,099 | -€846 | €616 | ▲ 173% |
| Financial income75/76B | - | - | €0 | €125 | €146 | ▲ 16.9% |
| Recurring financial income75 | €0 | - | €0 | €125 | €146 | ▲ 16.9% |
| Financial charges65/66B | - | €140 | €197 | €179 | €249 | ▲ 39.0% |
| Recurring financial charges65 | €108 | €140 | €197 | €179 | €249 | ▲ 39.0% |
| Profit (loss) for the period before taxes9903 | €2,756 | €1,612 | €1,902 | -€900 | €513 | ▲ 157% |
| Income taxes67/77 | €0 | €0 | -€6 | €0 | - | - |
| Profit (loss) for the period9904 | €2,756 | €1,612 | €1,908 | -€900 | €513 | ▲ 157% |
| Profit (loss) for the period to be appropriated9905 | €2,756 | €1,612 | €1,908 | -€900 | €513 | ▲ 157% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,208 | €85,112 | €86,802 | €85,917 | €86,429 | ▲ 0.6% |
| Fixed assets21/28 | €36,631 | €42,263 | €40,171 | €38,078 | €35,986 | ▼ 5.5% |
| Tangible fixed assets22/27 | €36,613 | €42,244 | €40,152 | €38,060 | €35,967 | ▼ 5.5% |
| Land and buildings22 | - | €42,244 | €40,152 | €38,060 | €35,967 | ▼ 5.5% |
| Financial fixed assets28 | €19 | €19 | €19 | €19 | €19 | = |
| Current assets29/58 | €46,576 | €42,849 | €46,631 | €47,838 | €50,444 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €6 | €4 | €17 | €50 | €94 | ▲ 87.7% |
| Other amounts receivable41 | - | €4 | €17 | €50 | €94 | ▲ 87.7% |
| Cash at bank and in hand54/58 | €46,570 | €42,845 | €46,614 | €46,664 | €49,209 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,124 | €1,141 | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,208 | €85,112 | €86,802 | €85,917 | €86,429 | ▲ 0.6% |
| Equity10/15 | €83,170 | €84,782 | €86,690 | €85,790 | €86,303 | ▲ 0.6% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €76,973 | €78,585 | €80,493 | €79,593 | €80,106 | ▲ 0.6% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | - | €76,726 | €78,633 | €79,593 | €80,106 | ▲ 0.6% |
| Amounts payable17/49 | €38 | €330 | €112 | €127 | €126 | ▼ 0.5% |
| Amounts payable within one year42/48 | €38 | €330 | €112 | €115 | €126 | ▲ 9.6% |
| Trade debts44 | - | €293 | €112 | €115 | €126 | ▲ 9.6% |
| Suppliers440/4 | - | €293 | €112 | €115 | €126 | ▲ 9.6% |
| Other amounts payable47/48 | - | €38 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €12 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,756 | €1,612 | €1,908 | -€900 | €513 | ▲ 157% |
| + Depreciation and write-downs630 | €1,359 | €1,705 | €2,092 | €2,092 | €2,092 | = |
| Operating cash flow (approximation) | €4,115 | €3,317 | €4,000 | €1,192 | €2,606 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€7,337 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,725 | €3,770 | €50 | €2,545 | ▲ 5,032% |
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
13-08
State Gazette act
Capital & shares · Statutes amendmentCapital · Capital contribution · Share issue10 facts ▸
- Other statement, verzaking verslagen, artikel 5:121 §2 WVV
- Capital, €18.592,02
- Capital contribution, €981.407,98
- Share issue, nieuwe aandelen, 1373
- Other statement, afstand voorkeurrecht, voornoemde aandeelhouders
- Bank account, 250000, EUR
- Capital contribution
- Other statement, 1000000, 981407.98
- Statutes amendment, 6
- Power of attorney
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31020A0570/00M000 | Flanders | 1,736 m² | 1 · 345 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
- VANDEN BUSSCHE Filip
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-08-2026 Capital stated in the act · 18,592.02 EUR
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.