FRAMAKO
ActiveFRAMAKO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €703k and a net result of €-138k. Equity is shrinking by ~67.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 23% of 516 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
10
/ 100
Critical▼ -52 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency12▼-84
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 4.23 in 2024), and 83% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€138k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 516 sector peers (2025).
NBB · sector comparisonPosition among 516 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
on the day
2022
4 d early
2021
24 d early
2020
on the day
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close04-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€703k▼ 16.4%
2024 · €841k
2023: €1.84M
2024: €841k
2023 → 2025
Total assets
€4.12M▲ 154%
2024 · €1.62M
2023: €3.31M
2024: €1.62M
2023 → 2025
Net result
€-138k▲ 86.2%
2024 · €-997k
2023: €415k
2024: €-997k
2023 → 2025
Working capital
€-124k
2024 · €342k
2023: €256k
2024: €342k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€1.84M-€841k▼ 54.3%€703k▼ 16.4%
Operating result€376k-€359k▼ 4.4%€-38k
Net result€415k-€-997k€-138k▲ 86.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €38k after €359k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.12M
Fixed assets
€3.98M▲ 239%
Current assets
€140k▼ 68.7%
Equity and liabilities €4.12M
Equity
€703k▼ 16.4%
Debt
€3.42M▲ 338%
The debt ratio rises from 48.2% to 83.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€319k
Cash flow
€220k
Solvency
17.0%▼
2024 · 51.8%
Current ratio
0.53▼
2024 · 4.23
Quick ratio
0.53▼
2024 · 4.23
Debt / equity
4.87▲
2024 · 0.93
ROE
-19.6%▲
2024 · -118.7%
ROA
-3.3%▲
2024 · -61.5%
Interest coverage
0.84
Debt
€3.42M▲
2024 · €781k
Debt ≤ 1 year
€264k▲
2024 · €106k
Debt > 1 year
€3.16M▲
2024 · €675k
Income taxes
€-1▼
2024 · €96k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€1.62M€4.12M▲
Fixed assets
21/28€1.17M€3.98M▲
Tangible fixed assets
22/27-€2.95M
Financial fixed assets
28€1.17M€1.04M▼
Current assets
29/58€448k€140k▼
Amounts receivable within one year
40/41€448k€137k▼
Cash & bank
54/58€28€2k▲
Total equity & liabilities
10/49€1.62M€4.12M▲
Equity
10/15€841k€703k▼
Contributions / capital
10/11€37k€37k=
Reserves
13€803k€666k▼
Amounts payable
17/49€781k€3.42M▲
Amounts payable after one year
17€675k€3.16M▲
Amounts payable within one year
42/48€106k€264k▲
Trade debts payable within one year
44€5k€24k▲
Income statement
Code20242025
Gross operating margin
9900€360k€328k▼
Operating result
9901€359k€-38k▼
Financial income
75€283k€350k▲
Financial charges
65€636€380k▲
Result before taxes
9903€-902k€-138k▲
Income taxes
67/77€96k€-1▼
Net result for the period
9904€-997k€-138k▲
Result to be appropriated
9905€-997k€-138k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-997k ▼340%
Net result drops to €-997k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
08-01
State Gazette act
Minor change
Statutes change · Dominique Maes
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
INDUSTRIAL CONSULTING
BE 0470.033.096
Riemst · Eq €703k
RUWET & Associés
BE 0807.918.245
Herstal · Eq €703k
Rasolar
BE 0630.697.958
Willebroek · Eq €703k
CHANGELOOP
BE 0453.990.286
Temse · Eq €703k
MONTI INVEST
BE 0464.871.015
Mons · Eq €703k
Of 82,369 companies in sector 70200 we hold annual accounts for 50,889. 31,157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-1998
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
64210Activities of holding companies
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 25-08-2026. Scores and ratios are computed by Checked and are not a credit decision.