FRAMACA
ActiveSummary
FRAMACA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.3m and a net result of -€58,043. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 52% of 4630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability20▼-4
Solvency76▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.19 in 2023; short-term debt: 18.1% and cash: 4.9% of total assets), and 48.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 confirmed
2024
28 d late
2023
1 d early
2022
on the day
2021
61 d late
2020
12 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€58,043
2023 · €702
Working capital
-€188,394
2023 · €318,398
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232024
Operating result-€27,220€121,932€185,252▲ 51.9%€78,036▼ 57.9%€23,229▼ 70.2%
Net result€535,923above the sector's middle half▼ 88.0%€88,343within the sector's middle half▼ 83.5%€90,193within the sector's middle half▲ 2.1%€702within the sector's middle half▼ 99.2%-€58,043below the sector's middle half
Equity€7.2mabove the sector's middle half▲ 8.1%€7.3mabove the sector's middle half▲ 1.2%€7.4mabove the sector's middle half▲ 1.2%€7.4mabove the sector's middle half=€7.3mabove the sector's middle half▼ 0.8%
Total assets€12.0mabove the sector's middle half▼ 2.9%€11.8mabove the sector's middle half▼ 1.9%€11.8mabove the sector's middle half=€12.0mabove the sector's middle half▲ 1.6%€14.3mabove the sector's middle half▲ 19.0%
Debt€4.9m▼ 15.5%€4.5m▼ 6.6%€4.4m▼ 2.1%€4.6m▲ 4.2%€7.0m▲ 50.4%
Working capital€1.6mabove the sector's middle half▲ 15.1%€278,348within the sector's middle half▼ 83.0%€95,254within the sector's middle half▼ 65.8%€318,398within the sector's middle half▲ 234%-€188,394below the sector's middle half
Solvency59.7%within the sector's middle half▲ 6.0pp61.6%within the sector's middle half▲ 1.9pp62.4%within the sector's middle half▲ 0.8pp61.4%within the sector's middle half▼ 1.0pp51.2%within the sector's middle half▼ 10.2pp
Current ratio3.14above the sector's middle half▲ 1.271.18within the sector's middle half▼ 1.951.06within the sector's middle half▼ 0.131.19within the sector's middle half▲ 0.140.93within the sector's middle half▼ 0.27
Return on assets (ROA)4.4%within the sector's middle half▼ 31.7pp0.7%within the sector's middle half▼ 3.7pp0.8%within the sector's middle half=0.0%below the sector's middle half▼ 0.8pp-0.4%below the sector's middle half▼ 0.4pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 70% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.3m
Fixed assets
€11.9m ▲ 18.4%
Current assets
€2.4m ▲ 21.9%
Equity and liabilities €14.3m
Equity
€7.3m ▼ 0.8%
Debt
€7.0m ▲ 50.4%
Debt's share of the balance-sheet total rises from 38.6% to 48.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,773▼
2023 · €78,312
Cash flow
-€55,499▼
2023 · €978
Debt to equity
0.95▲
2023 · 0.63
ROE
-0.8%▼
2023 · 0.0%
Interest coverage
0.19▼
2023 · 0.59
Debt ≤ 1 year
€2.6m▲
2023 · €1.7m
Debt > 1 year
€4.4m▲
2023 · €3.0m
Income taxes
€0▼
2023 · €360
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €171 | €240 | €230 | €276 | €2,544 | ▲ 822% |
| Other operating charges640/8 | - | €1,454 | €871 | €960 | €236,616 | ▲ 24,541% |
| Gross operating margin9900 | -€26,176 | €123,627 | €186,354 | €79,272 | €262,390 | ▲ 231% |
| Operating profit (loss)9901 | -€27,220 | €121,932 | €185,252 | €78,036 | €23,229 | ▼ 70.2% |
| Financial income75/76B | - | €101,113 | €58,237 | €55,086 | €56,802 | ▲ 3.1% |
| Recurring financial income75 | €730,249 | €101,113 | €58,237 | €55,086 | €56,802 | ▲ 3.1% |
| Financial charges65/66B | - | €134,703 | €133,564 | €132,060 | €138,074 | ▲ 4.6% |
| Recurring financial charges65 | €167,106 | €134,703 | €133,217 | €132,060 | €138,074 | ▲ 4.6% |
| Non-recurring financial charges66B | - | - | €347 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €535,923 | €88,343 | €109,925 | €1,062 | -€58,043 | ▼ 5,565% |
| Income taxes67/77 | €0 | - | €19,732 | €360 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €535,923 | €88,343 | €90,193 | €702 | -€58,043 | ▼ 8,363% |
| Profit (loss) for the period to be appropriated9905 | €535,923 | €88,343 | €90,193 | €702 | -€58,043 | ▼ 8,363% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.0m | €11.8m | €11.8m | €12.0m | €14.3m | ▲ 19.0% |
| Fixed assets21/28 | €9.6m | €10.0m | €10.0m | €10.0m | €11.9m | ▲ 18.4% |
| Tangible fixed assets22/27 | €6,973 | €8,353 | €10,898 | €10,622 | €1.8m | ▲ 17,299% |
| Land and buildings22 | - | €8,353 | €10,898 | €10,622 | €1.8m | ▲ 17,299% |
| Financial fixed assets28 | €9.6m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Current assets29/58 | €2.4m | €1.8m | €1.8m | €2.0m | €2.4m | ▲ 21.9% |
| Amounts receivable within one year40/41 | €2.1m | €1.7m | €1.7m | €1.9m | €1.6m | ▼ 14.0% |
| Trade receivables40 | - | €150,000 | €0 | €100,000 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1.6m | €1.7m | €1.8m | €1.6m | ▼ 9.2% |
| Current investments50/53 | - | €74,023 | €70,200 | €70,161 | €71,850 | ▲ 2.4% |
| Cash at bank and in hand54/58 | €344,215 | €2,650 | €1,642 | €659 | €697,098 | ▲ 105,603% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.0m | €11.8m | €11.8m | €12.0m | €14.3m | ▲ 19.0% |
| Equity10/15 | €7.2m | €7.3m | €7.4m | €7.4m | €7.3m | ▼ 0.8% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | €5.0m | €5.1m | €5.2m | €5.2m | €5.2m | ▼ 1.1% |
| Amounts payable17/49 | €4.9m | €4.5m | €4.4m | €4.6m | €7.0m | ▲ 50.4% |
| Amounts payable after more than one year17 | €4.1m | €3.0m | €2.8m | €3.0m | €4.4m | ▲ 46.8% |
| Financial debts170/4 | - | €3.0m | €2.8m | €3.0m | €4.4m | ▲ 46.8% |
| Amounts payable within one year42/48 | €768,170 | €1.5m | €1.7m | €1.7m | €2.6m | ▲ 56.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €64,007 | - |
| Financial debts43 | - | - | - | - | €180,000 | - |
| Credit institutions430/8 | - | - | - | - | €180,000 | - |
| Trade debts44 | €128 | €55 | €35 | €114 | €64 | ▼ 44.2% |
| Suppliers440/4 | - | €55 | €35 | €114 | €64 | ▼ 44.2% |
| Taxes, remuneration and social security45 | - | €900 | €20,632 | €22,792 | €900 | ▼ 96.1% |
| Taxes450/3 | - | €900 | €20,632 | €22,792 | €900 | ▼ 96.1% |
| Other amounts payable47/48 | - | €1.5m | €1.7m | €1.6m | €2.3m | ▲ 44.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €535,923 | €88,343 | €90,193 | €702 | -€58,043 | ▼ 8,363% |
| + Depreciation and write-downs630 | €171 | €240 | €230 | €276 | €2,544 | ▲ 822% |
| Operating cash flow (approximation) | €536,094 | €88,583 | €90,423 | €978 | -€55,499 | ▼ 5,773% |
| Investment in fixed assets (approximation) | - | -€389,678 | -€16,898 | €14,756 | -€1.8m | ▼ 12,603% |
| Change in cash | - | -€341,564 | -€1,008 | -€983 | €696,438 | ▲ 70,983% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€58,043
Net result drops to -€58,043, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 52 days late
2019
31-12
Financial
Highest result since 2018net €4.5m ▲1,379%
Net result €4.5m, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.87
Current ratio from 0.61 to 1.87; short-term debt falls from €1.8m to €1.6m.
31-12
Financial
Equity above €5mEq €6.7m ▲206%
2 profitable years in a row build equity to €6.7m.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Ukkel · 1 establishment unit since 2006
Ground area
2,681 m²
Building footprint
500 m²
Volume, LiDAR
3,562 m³
2 parcels, Brussels · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Langeveldstraat 8, 1180 Ukkel
since 20062.151.398.236
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0010/00K040 | Brussels | 1,474 m² | 1 · 325 m² | 7.7 m · 2 fl. |
| 21612C0182/00R000 | Brussels | 1,207 m² | 1 · 175 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
7 holdings · 7 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 7
-
100%
-
99.99%
-
99.89%
-
99.6%
-
53.87%
-
49.9%
-
13.13%
All subsidiaries, including indirect ones 7
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
BEOPAR 100%2 subsidiaries
Belgica 100%1 subsidiary
- QUALITY BUILDING MANAGEMENT 99.87%
- WAVE IMMO 1 99.99%
- FRANCOLIMMO 99.89%
- HARMATTAN 99.6%
- COPECI 53.87%
According to the 2024 annual accounts of FRAMACA and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500GCACAECSW7FD06
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 8,610 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878270563
Also
9925:BE0878270563
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.