Summary
FRAME 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 €37,244 and a net result of €28,170. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 2451 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €37,244
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
64 d early
2023
28 d early
2022
29 d late
2021
2 d early
2020
71 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date Which other companies resemble this one?Lookalike companies
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€37,244▲ 310%
2024 · €9,074
Net result
€28,170▲ 2,888%
2024 · €943
Total assets
€75,947▲ 263%
2024 · €20,944
Solvency
49.0%▲ 5.7pp
2024 · 43.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,550€2,783€9,235▲ 232%€3,303▼ 64.2%€43,232▲ 1,209%
Net result-€7,658€554€5,243▲ 847%€943▼ 82.0%€28,170▲ 2,888%
Equity€2,334▼ 76.6%€2,888▲ 23.7%€8,131▲ 182%€9,074▲ 11.6%€37,244▲ 310%
Total assets€41,143▼ 17.7%€31,074▼ 24.5%€22,229▼ 28.5%€20,944▼ 5.8%€75,947▲ 263%
Debt€38,809▼ 3.0%€28,186▼ 27.4%€14,097▼ 50.0%€11,870▼ 15.8%€38,703▲ 226%
Working capital-€4,005-€5,616▼ 40.2%€192-€867-€9,993▼ 1,052%
Solvency5.7%▼ 14.3pp9.3%▲ 3.6pp36.6%▲ 27.3pp43.3%▲ 6.7pp49.0%▲ 5.7pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,209% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,947
Fixed assets
€47,280 ▲ 376%
Current assets
€28,668 ▲ 161%
Equity and liabilities €75,947
Equity
€37,244 ▲ 310%
Debt
€38,703 ▲ 226%
Debt's share of the balance-sheet total falls from 56.7% to 51.0%. Equity and debt are higher.
Key figures and ratios
ROE
75.6%▲
2024 · 10.4%
ROA
37.1%▲
2024 · 4.5%
Debt ≤ 1 year
€38,661▲
2024 · €11,870
Income taxes
€14,724▲
2024 · €1,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,982 | €6,954 | €7,192 | €8,829 | €3,659 | ▼ 58.6% |
| Other operating charges640/8 | €1,056 | €917 | €1,045 | €1,226 | €793 | ▼ 35.3% |
| Gross operating margin9900 | €1,488 | €10,654 | €17,472 | €13,358 | €47,685 | ▲ 257% |
| Operating profit (loss)9901 | -€6,550 | €2,783 | €9,235 | €3,303 | €43,232 | ▲ 1,209% |
| Financial income75/76B | €0 | €0 | - | - | €0 | - |
| Recurring financial income75 | €0 | €0 | - | - | €0 | - |
| Financial charges65/66B | €877 | €745 | €623 | €418 | €338 | ▼ 19.1% |
| Recurring financial charges65 | €877 | €745 | €623 | €418 | €338 | ▼ 19.1% |
| Profit (loss) for the period before taxes9903 | -€7,427 | €2,038 | €8,612 | €2,885 | €42,894 | ▲ 1,387% |
| Income taxes67/77 | €231 | €1,484 | €3,369 | €1,942 | €14,724 | ▲ 658% |
| Profit (loss) for the period9904 | -€7,658 | €554 | €5,243 | €943 | €28,170 | ▲ 2,888% |
| Profit (loss) for the period to be appropriated9905 | -€7,658 | €554 | €5,243 | €943 | €28,170 | ▲ 2,888% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,143 | €31,074 | €22,229 | €20,944 | €75,947 | ▲ 263% |
| Fixed assets21/28 | €24,584 | €19,092 | €11,900 | €9,941 | €47,280 | ▲ 376% |
| Tangible fixed assets22/27 | €24,584 | €19,092 | €11,900 | €9,941 | €47,280 | ▲ 376% |
| Plant, machinery and equipment23 | - | - | - | €2,097 | €1,049 | ▼ 50.0% |
| Furniture and vehicles24 | €24,584 | €19,092 | €11,900 | €7,844 | €46,231 | ▲ 489% |
| Current assets29/58 | €16,559 | €11,982 | €10,329 | €11,003 | €28,668 | ▲ 161% |
| Amounts receivable within one year40/41 | €200 | €1,878 | €835 | €2,009 | €2,780 | ▲ 38.4% |
| Trade receivables40 | - | €1,663 | €635 | €290 | €1,222 | ▲ 321% |
| Other amounts receivable41 | €200 | €216 | €200 | €1,718 | €1,558 | ▼ 9.4% |
| Cash at bank and in hand54/58 | €9,687 | €7,457 | €5,643 | €5,451 | €21,604 | ▲ 296% |
| Deferred charges and accrued income490/1 | €6,673 | €2,646 | €3,851 | €3,543 | €4,284 | ▲ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,143 | €31,074 | €22,229 | €20,944 | €75,947 | ▲ 263% |
| Equity10/15 | €2,334 | €2,888 | €8,131 | €9,074 | €37,244 | ▲ 310% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €18,652 | ▲ 903% |
| Non-distributable reserves130/1 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | - | - | - | - | - |
| Distributable reserves133 | - | €1,859 | €1,859 | €1,859 | €18,652 | ▲ 903% |
| Profit (loss) carried forward14 | -€18,117 | -€17,563 | -€12,320 | -€11,377 | - | - |
| Amounts payable17/49 | €38,809 | €28,186 | €14,097 | €11,870 | €38,703 | ▲ 226% |
| Amounts payable after more than one year17 | €17,044 | €10,563 | €3,935 | - | - | - |
| Financial debts170/4 | €17,044 | €10,563 | €3,935 | - | - | - |
| Amounts payable within one year42/48 | €20,565 | €17,598 | €10,137 | €11,870 | €38,661 | ▲ 226% |
| Current portion of amounts payable after more than one year42 | €6,338 | €6,481 | €6,628 | €3,935 | - | - |
| Trade debts44 | €9,376 | €5,857 | €1,559 | €4,825 | €8,111 | ▲ 68.1% |
| Suppliers440/4 | €9,376 | €5,857 | €1,559 | €4,825 | €8,111 | ▲ 68.1% |
| Taxes, remuneration and social security45 | €4,851 | €5,260 | €1,950 | €2,869 | €21,028 | ▲ 633% |
| Taxes450/3 | €851 | €1,260 | €1,950 | €1,869 | €21,028 | ▲ 1,025% |
| Remuneration and social security454/9 | €4,000 | €4,000 | - | €1,000 | - | - |
| Other amounts payable47/48 | - | - | - | €242 | €9,522 | ▲ 3,839% |
| Accrued charges and deferred income492/3 | €1,200 | €25 | €25 | - | €42 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,658 | €554 | €5,243 | €943 | €28,170 | ▲ 2,888% |
| + Depreciation and write-downs630 | €6,982 | €6,954 | €7,192 | €8,829 | €3,659 | ▼ 58.6% |
| Operating cash flow (approximation) | -€676 | €7,508 | €12,436 | €9,772 | €31,829 | ▲ 226% |
| Investment in fixed assets (approximation) | - | -€1,462 | €0 | -€6,871 | -€40,997 | ▼ 497% |
| Change in cash | - | -€2,230 | -€1,814 | -€192 | €16,153 | ▲ 8,516% |
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
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €28,170 ▲2,888%
Operating result €43,232, net result €28,170, both a record.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €554
Net result €554 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€7,658
Net result drops to -€7,658, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Bilzen-Hoeselt · 1 establishment unit since 1999
Ground area
905 m²
Building footprint
242 m²
Volume, LiDAR
2,032 m³
Parcel 73037B0162/00G002, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Riemsterweg 308, 3740 Bilzen-Hoeselt
since 19992.085.901.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73037B0162/00G002 | Flanders | 905 m² | 1 · 242 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CVE-Benefits Consulting
BE 0537.956.258
Lubbeek · Eq €34,251
RISKRIGHT CONSULTANCY
BE 0801.268.203
Aalst · Eq €42,791
Service and Advice 4U
BE 0655.857.778
Antwerpen · Eq €31,817
MUYDE
BE 0749.557.008
Aalst · Eq €44,010
BARBUSS EUROPE
BE 0549.828.365
Antwerpen · Eq €31,514
Of 238 companies in sector 66290 we hold annual accounts for 146. 96 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
66290Activities auxiliary to financial services and insurance activities
Contact
E-mail
bieke.godts@frame-pfp.beBilzen-Hoeselt
Scores and ratios are computed by Checked and are not a credit decision.