FRAMAX
ActiveFRAMAX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.09M and a net result of €596k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 2380 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2380 sector peers (2025).
NBB · sector comparisonPosition among 2380 sector peers
Solvency
better than 14%
← 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 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
46 d early
2023
on the day
2022
1 d early
2021
18 d early
2020
2 d early
2019
45 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 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€3.09M▲ 23.9%
2024 · €2.49M
2019: €2.44M
2020: €1.57M
2021: €1.32M
2022: €1.52M
2023: €1.83M
2024: €2.49M
2019 → 2025
Net result
€596k▼ 10.5%
2024 · €665k
2019: €-7k
2020: €-865k
2021: €-250k
2022: €199k
2023: €306k
2024: €665k
2019 → 2025
Total assets
€21.49M▲ 5.8%
2024 · €20.31M
2019: €10.69M
2020: €11.79M
2021: €14.65M
2022: €18.13M
2023: €20.76M
2024: €20.31M
2019 → 2025
Solvency
14.4%▲ 2.1pp
2024 · 12.3%
2019: 22.8%
2020: 13.4%
2021: 9.0%
2022: 8.4%
2023: 8.8%
2024: 12.3%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.32M-€1.52M▲ 15.0%€1.83M▲ 20.1%€2.49M▲ 36.4%€3.09M▲ 23.9%
Operating result€55k-€567k▲ 929%€761k▲ 34.3%€1.16M▲ 53.0%€1.38M▲ 19.0%
Net result€-250k-€199k€306k▲ 53.8%€665k▲ 117%€596k▼ 10.5%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 19% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.49M
Fixed assets
€19.00M▲ 4.1%
Current assets
€2.49M▲ 20.8%
Equity and liabilities €21.49M
Equity
€3.09M▲ 23.9%
Provisions
€4.32M▲ 1.2%
Debt
€14.08M▲ 4.0%
The debt ratio falls from 66.7% to 65.5%: equity grows faster than debt.
Key figures and ratios
Solvency
14.4%▲
2024 · 12.3%
ROE
19.3%▼
2024 · 26.7%
ROA
2.8%▼
2024 · 3.3%
Debt
€14.08M▲
2024 · €13.54M
Debt ≤ 1 year
€4.76M▲
2024 · €3.78M
Debt > 1 year
€9.14M▼
2024 · €9.66M
Income taxes
€286k▲
2024 · €46k
Staff costs
€195k▲
2024 · €185k
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
Assets
Total assets20/58€20.31M€21.49M▲
Fixed assets21/28€18.25M€19.00M▲
Intangible fixed assets21€13k€12k▼
Tangible fixed assets22/27€17.12M€17.88M▲
Land and buildings22€16.55M€17.26M▲
Plant, machinery and equipment23€350k€341k▼
Furniture and vehicles24€135k€199k▲
Other tangible fixed assets26€87k€82k▼
Financial fixed assets28€1.11M€1.11M=
Current assets29/58€2.06M€2.49M▲
Amounts receivable after more than one year29€214k€200k▼
Trade receivables290€214k€200k▼
Amounts receivable within one year40/41€383k€1.85M▲
Trade receivables40€86k€98k▲
Other amounts receivable41€297k€1.75M▲
Current investments50/53€1k€1k=
Cash at bank and in hand54/58€1.25M€192k▼
Deferred charges and accrued income490/1€214k€246k▲
Equity and liabilities
Total equity and liabilities10/49€20.31M€21.49M▲
Equity10/15€2.49M€3.09M▲
Contributions10/11€2.17M€2.17M=
Reserves13€212k€808k▲
Non-distributable reserves130/1€16k€16k=
Reserves not available under the articles1311€16k€16k=
Distributable reserves133€196k€792k▲
Profit (loss) carried forward14€112k€112k=
Provisions and deferred taxes16€4.27M€4.32M▲
Provisions for liabilities and charges160/5€4.27M€4.32M▲
Other liabilities and charges164/5€4.27M€4.32M▲
Amounts payable17/49€13.54M€14.08M▲
Amounts payable after more than one year17€9.66M€9.14M▼
Financial debts170/4€9.65M€9.13M▼
Other amounts payable178/9€11k€13k▲
Amounts payable within one year42/48€3.78M€4.76M▲
Current portion of amounts payable after more than one year42€1.20M€1.27M▲
Financial debts43-€58k
Credit institutions430/8-€58k
Trade debts44€103k€70k▼
Suppliers440/4€103k€70k▼
Taxes, remuneration and social security45€103k€204k▲
Taxes450/3€89k€173k▲
Remuneration and social security454/9€14k€31k▲
Other amounts payable47/48€2.37M€3.16M▲
Accrued charges and deferred income492/3€99k€172k▲
Income statement
Code20242025
Non-recurring operating income76A€284k€30k▼
Remuneration, social security and pensions62€185k€195k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€897k€882k▼
Other operating charges640/8€138k€168k▲
Non-recurring operating charges66A€315k€0▼
Gross operating margin9900€2.70M€2.63M▼
Operating profit (loss)9901€1.16M€1.38M▲
Financial income75/76B€50k€48k▼
Recurring financial income75€50k€48k▼
Financial charges65/66B€502k€551k▲
Recurring financial charges65€502k€551k▲
Profit (loss) for the period before taxes9903€712k€882k▲
Income taxes67/77€46k€286k▲
Profit (loss) for the period9904€665k€596k▼
Profit (loss) for the period to be appropriated9905€665k€596k▼
Appropriation of the result
Profit (loss) to be appropriated9906€112k€708k▲
Profit (loss) brought forward from the previous period14P€-553k€112k▲
Transfer to equity691/2-€596k
To other reserves6921-€596k
Social balance
Average headcount (FTE)90873.73.8▲
The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Highest result since 2019net €665k ▲117%
Net result €665k, the highest in the series.
30-06
Financial
Equity above €2MEq €2.49M ▲36.4%
3 profitable years in a row build equity to €2.49M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Back to profitnet €199k
Net result €199k after 3 loss-making years.
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet €-865k
Net result drops to €-865k, the lowest in the series; recovery starts the following year.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Estinnes · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Bienne(VBR) 97120 EstinnesGround area
2,193 m²
Building footprint
254 m²
Volume, LiDAR
1,472 m³
Parcel 56080A0397/00M000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRAMAX
since 20072.162.992.409
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56080A0397/00M000 | Wallonia | 2,193 m² | 1 · 254 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 9,594 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2007
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.framax.be