Checked.be
Active
BE 0760.538.396Private limited company
Frambilzen
Meershoven 88 ·3740 Bilzen-Hoeselt, Belgium· 5 yrs active
Sector: Crop and animal production, hunting and related service activities
(01250)
Conclusion
Frambilzen has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-249k) and a net result of €8k. Equity is shrinking by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 6% of 79 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-249k |
| Net result | €8k |
| Staff (FTE) | 18.7 |
| Better than sector | 6% |
Financial profile
40
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
16
Profitability
0
Solvency
33
Growth
58
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
16
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
10
2022
21
2023
20
2024
16
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.37 (< 1.0)
-10
Quick ratio
Quick ratio 0.37 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
Negatieve ROE -3%
-10
Interest coverage
Interest coverage 8.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-12-2025 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~18.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 01, Crop and animal production, hunting and related service activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -26.9% | 34.0% | |
| Net result | €8k | €114k | |
| Equity | €-249k | €630k | |
| Gross operating margin | €1.06M | €515k | |
| Staff costs | €914k | €183k |
€147k
+479.1%
22-25
€8k
-
22-25
€130k
+679.5%
22-25
€925k
+24.9%
22-25
€-249k
+3.3%
22-25
€-670k
-58.4%
22-25
19
+47.2%
22-25
€914k
+59.9%
22-25
€1.17M
+17.6%
22-25
€1.06M
+54.0%
22-25
€103k
-66.6%
22-25
0.37
-4.6%
22-25
0.37
-4.6%
22-25
-26.9%
+22.6%
22-25
-4.71
-21.6%
22-25
-3.4%
-
22-25
0.9%
-
22-25
8.70
+198.0%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €147k | €25k | €187k | €-74k |
| Net profit | €8k | €-132k | €36k | €-266k |
| Cash flow | €130k | €17k | €179k | €-82k |
| Staff costs | €914k | €571k | €646k | €487k |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €925k | €741k | €851k | €418k |
| Equity | €-249k | €-258k | €-126k | €-161k |
| Debt | €1.17M | €998k | €977k | €580k |
| of which ≤ 1y | €1.06M | €686k | €483k | €358k |
| of which > 1y | €103k | €308k | €494k | €222k |
| Working capital | €-670k | €-423k | €-137k | €-193k |
| Employees (FTE) | 18.7 | 12.7 | 17.9 | 17.4 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.37 | 0.38 | 0.72 | 0.46 |
| Quick ratio | 0.37 | 0.38 | 0.72 | 0.46 |
| Working capital ratio | -72.4% | -57.1% | -16.1% | -46.1% |
| Solvency | -26.9% | -34.8% | -14.7% | -38.5% |
| Debt / equity | -4.71 | -3.88 | -7.78 | -3.60 |
| Long-term debt ratio | -0.41 | -1.20 | -3.93 | -1.38 |
| Interest coverage | 8.70 | 2.92 | 22.26 | -10.34 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.9% | -17.8% | 4.2% | -63.6% |
| ROE | -3.4% | 51.2% | -28.3% | 165.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €925k | €741k | €851k | €418k |
| Fixed assets | 21/28 | €539k | €478k | €505k | €254k |
| Tangible fixed assets | 22/27 | €539k | €478k | €505k | €254k |
| Financial fixed assets | 28 | €180 | €180 | €180 | - |
| Current assets | 29/58 | €386k | €263k | €346k | €165k |
| Amounts receivable within one year | 40/41 | €355k | €251k | €337k | €156k |
| Cash & bank | 54/58 | €22k | €3k | €3k | €5k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €925k | €741k | €851k | €418k |
| Equity | 10/15 | €-249k | €-258k | €-126k | €-161k |
| Contributions / capital | 10/11 | €105k | €105k | €105k | €105k |
| Accumulated profits (losses) | 14 | €-354k | €-363k | €-231k | €-266k |
| Amounts payable | 17/49 | €1.17M | €998k | €977k | €580k |
| Amounts payable after one year | 17 | €103k | €308k | €494k | €222k |
| Amounts payable within one year | 42/48 | €1.06M | €686k | €483k | €358k |
| Trade debts payable within one year | 44 | €273k | €206k | €363k | €266k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.06M | €600k | €835k | €415k |
| Operating result | 9901 | €25k | €-123k | €44k | €-259k |
| Financial income | 75 | €0 | €0 | €34 | €18 |
| Financial charges | 65 | €17k | €9k | €8k | €7k |
| Result before taxes | 9903 | €8k | €-132k | €36k | €-266k |
| Net result for the period | 9904 | €8k | €-132k | €36k | €-266k |
| Result to be appropriated | 9905 | €8k | €-132k | €36k | €-266k |
Legal Structure
| NACE primary | Crop and animal production, hunting and related service activities(01250) |
| Legal form | Private limited company(610) |
| Incorporation | 24-12-2020 |
| Status | Active |
| Postal code | 3740 |
Establishment units
Frambilzen
since 20202.311.281.158
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006G0730/00B000 | Flanders | 1,643 m² | 1 · 125 m² | 10.1 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 59 days late
31-03
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
31-03
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Crop and animal production, hunting and related service activities01250Support activities for crop production01610Retail sale of fruit and vegetables47210
Names & trade names
| Legal nameNL | Frambilzen |
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