FRAMES OPTIEK
ActiveSummary
The computed 12-month bankruptcy probability of FRAMES OPTIEK is 2.8% (moderate). The 2024 annual accounts show equity of €4,914 and a net result of €6,056. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 25% of 25,563 sector peers (NACE 47, financial year 2024). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-12-1987 Normal situation
- Activity
- Retail sale of prescription glasses, lenses and sunglasses NACE 47742
- Establishment unit
- 2.033.286.185 8800 Roeselare, since 28-01-1988
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Vanderhaeghe BoudewijnDirector
- Boudewijn Vanderhaegheannual accounts 2016
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.8%
- Gross margin
- €16,716
- ▼ 46.1%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €6,056
- ▼ 31.4%
- Equity
- €4,914
- Total assets
- €119,906
- ▼ 6.0%
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 23-05-2025)Sector: Retail trade (NACE 47)Liquidity: current ratio 1.02, cash €1,022lowers riskFounded in 1987Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 22% of them on solvency, 3% on liquidity, 36% on profitability and 99% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 15 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 23-05-2025 PDF all 37 filings
Every figure per financial year
The operating result for 2024 is 45% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Financial fixed assets | - | - | €210 | - |
| Depreciation and write-downs of the year | €15,826 | €12,825 | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,974 | €16,110 | €15,826 | €15,826 | €12,825 | - | - | - |
| Other operating charges640/8 | - | - | - | €6,769 | €4,073 | €12,739 | €6,638 | ▼ 47.9% |
| Gross operating margin9900 | €13,563 | €8,481 | €23,465 | €17,121 | €28,702 | €30,996 | €16,716 | ▼ 46.1% |
| Operating profit (loss)9901 | -€10,216 | -€12,262 | -€2,914 | -€5,473 | €11,804 | €18,257 | €10,078 | ▼ 44.8% |
| Financial income75/76B | - | - | - | €98 | - | - | - | - |
| Recurring financial income75 | €45 | €8 | €23 | €98 | - | - | - | - |
| Financial charges65/66B | - | - | - | €5,947 | €2,519 | €4,179 | €3,891 | ▼ 6.9% |
| Recurring financial charges65 | €5,543 | €4,087 | €5,856 | €5,947 | €2,519 | €4,179 | €3,891 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | -€15,713 | -€16,342 | -€8,747 | -€11,322 | €9,284 | €14,078 | €6,187 | ▼ 56.1% |
| Income taxes67/77 | €131 | €9,972 | -€3 | €128 | €160 | €5,253 | €131 | ▼ 97.5% |
| Profit (loss) for the period9904 | -€15,844 | -€26,314 | -€8,744 | -€11,450 | €9,124 | €8,825 | €6,056 | ▼ 31.4% |
| Profit (loss) for the period to be appropriated9905 | -€15,844 | -€26,314 | -€8,744 | -€11,450 | €9,124 | €8,825 | €6,056 | ▼ 31.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €200,386 | €181,128 | €162,894 | €145,880 | €123,119 | €127,528 | €119,906 | ▼ 6.0% |
| Fixed assets21/28 | €62,041 | €46,337 | €30,510 | €14,684 | €1,859 | €2,069 | €2,069 | = |
| Tangible fixed assets22/27 | €60,181 | €44,477 | €28,651 | €12,825 | - | - | - | - |
| Land and buildings22 | - | - | - | €12,721 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €104 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - |
| Financial fixed assets28 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €2,069 | €2,069 | = |
| Current assets29/58 | €138,345 | €134,792 | €132,384 | €131,196 | €121,259 | €125,458 | €117,837 | ▼ 6.1% |
| Stocks and contracts in progress3 | €135,493 | €131,969 | €129,390 | €125,843 | €117,392 | €112,112 | €108,641 | ▼ 3.1% |
| Stocks30/36 | - | - | - | €125,843 | €117,392 | €112,112 | €108,641 | ▼ 3.1% |
| Amounts receivable within one year40/41 | - | €1,480 | €580 | €2,740 | €1,480 | €11,404 | €6,459 | ▼ 43.4% |
| Trade receivables40 | - | - | - | €2,740 | €1,480 | €4,670 | €6,459 | ▲ 38.3% |
| Other amounts receivable41 | - | - | - | - | - | €6,734 | - | - |
| Cash at bank and in hand54/58 | €105 | €240 | €1,874 | €2,182 | €790 | €557 | €1,022 | ▲ 83.6% |
| Deferred charges and accrued income490/1 | - | - | - | €432 | €1,597 | €1,386 | €1,715 | ▲ 23.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €200,386 | €181,128 | €162,894 | €145,880 | €123,119 | €127,528 | €119,906 | ▼ 6.0% |
| Equity10/15 | €27,418 | €1,104 | -€7,641 | -€19,091 | -€9,967 | -€1,142 | €4,914 | - |
| Contributions10/11 | €68,592 | €68,592 | - | €68,592 | €68,592 | €68,592 | €68,592 | = |
| Contributions outside capital11 | - | - | - | €68,592 | €68,592 | €68,592 | €68,592 | = |
| Other1109/19 | - | - | - | €68,592 | €68,592 | €68,592 | €68,592 | = |
| Reserves13 | €73,088 | €73,088 | €73,088 | €73,088 | €73,088 | €73,088 | €73,088 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €71,229 | €71,229 | €71,229 | €71,229 | = |
| Profit (loss) carried forward14 | -€114,263 | -€140,576 | -€149,321 | -€160,771 | -€151,647 | -€142,822 | -€136,766 | ▲ 4.2% |
| Amounts payable17/49 | €172,968 | €180,025 | €170,535 | €164,972 | €133,086 | €128,669 | €114,992 | ▼ 10.6% |
| Amounts payable after more than one year17 | €29,750 | €19,550 | €9,350 | - | - | - | - | - |
| Amounts payable within one year42/48 | €143,218 | €160,475 | €161,185 | €164,972 | €133,086 | €128,669 | €114,992 | ▼ 10.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,350 | - | - | - | - |
| Financial debts43 | - | - | - | €12,918 | €12,550 | €13,443 | €13,076 | ▼ 2.7% |
| Credit institutions430/8 | - | - | - | €12,918 | €12,550 | €13,443 | €13,076 | ▼ 2.7% |
| Trade debts44 | €23,975 | €39,322 | €35,255 | €50,732 | €72,810 | €85,699 | €91,957 | ▲ 7.3% |
| Suppliers440/4 | - | - | - | €50,732 | €72,810 | €85,699 | €91,957 | ▲ 7.3% |
| Taxes, remuneration and social security45 | - | - | - | €6,911 | €4,777 | €15,502 | €3,222 | ▼ 79.2% |
| Taxes450/3 | - | - | - | €6,911 | €4,777 | €15,502 | €3,222 | ▼ 79.2% |
| Other amounts payable47/48 | - | - | - | €85,061 | €42,949 | €14,026 | €6,737 | ▼ 52.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,844 | -€26,314 | -€8,744 | -€11,450 | €9,124 | €8,825 | €6,056 | ▼ 31.4% |
| + Depreciation and write-downs630 | €15,974 | €16,110 | €15,826 | €15,826 | €12,825 | - | - | - |
| Operating cash flow (approximation) | €130 | -€10,204 | €7,082 | €4,376 | €21,949 | €8,825 | €6,056 | ▼ 31.4% |
| Investment in fixed assets (approximation) | - | -€405 | €0 | €0 | €0 | -€210 | €0 | - |
| Change in cash | - | €134 | €1,634 | €308 | -€1,392 | -€233 | €465 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 931 companies had the same profile as FRAMES OPTIEK has now. Two years later, 93.2% were still going and 1.9% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FRAMES OPTIEK itself is higher: 2.8% within 12 months. It rests on far more data about FRAMES OPTIEK than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 931 companies, not a prediction for FRAMES OPTIEK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 23-05-2025 | 2025-00104181 | |
| 31-12-2023 | micro format | 24-05-2024 | 2024-00095625 | |
| 31-12-2022 | micro format | 21-11-2023 | 2023-00516060 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20039250 | |
| 31-12-2020 | micro format | 16-06-2021 | 2021-20400354 | |
| 31-12-2019 | micro format | 10-03-2021 | 2021-07600158 | |
| 31-12-2018 | micro format | 21-12-2020 | 2020-76400256 | |
| 31-12-2017 | micro format | 30-11-2020 | 2020-73700545 | |
| 31-12-2016 | micro format | 01-12-2017 | 2017-71000514 | |
| 31-12-2015 | abbreviated format | 29-03-2017 | 2017-07900154 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Boudewijn Vanderhaeghenatural personSourceown accounts 2016share not stated
Network & group
Connections & network
1 current directorThe network starts from the directors of FRAMES OPTIEK. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36502B0055/00S000 | Flanders | 766 m² | 1 · 764 m² | 17.1 m · 4 |