Equity
€31,150 from €70,230 in 2011
Equity fell by 56% in 14 years.
FRAMES PRODUCT
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988peak €75,434 (2008)
€7,210▲ 104%
lowest -€45,086 (2006)
€3,970▲ 25×
peak €70,230 (2011)
€31,150▲ 14.6%
€8,748▼ 11.1%
peak 0.9 FTE (2009)
-not published
Board2 names since 2010
2 directorsHAES JEAN-FRANCOIS and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €3,532 to €7,210Result from €159 to €3,970Equity from €27,180 to €31,150
Key points
from the 2025 annual accountsFilings
38 annual accounts since 1988
Nine of the last ten came late. The 2020 accounts came latest: 144 days after the end of the period.
Position in the sector
€31,150
Less equity than 85% of companies in wood and cork. Sector median €351,517 · 337 companies.
Checked score
70
Healthy
Financially stronger than 78% of micro companies in wood and cork (NACE 16)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.5%highest value
01-2025: 2.5%▼ -3.0 percentage points vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.5%● unchanged vs 02-2025
04-2025: 2.7%▲ +0.2 percentage points vs 03-2025
05-2025: 2.8%▲ +0.1 percentage points vs 04-2025
06-2025: 2.5%▼ -0.3 percentage points vs 05-2025
07-2025: 2.7%▲ +0.2 percentage points vs 06-2025
08-2025: 2.9%▲ +0.2 percentage points vs 07-2025
09-2025: 1.6%▼ -1.3 percentage points vs 08-2025
10-2025: 0.8%▼ -0.8 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.9%▲ +0.1 percentage points vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.8%▼ -0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.5 percentage points vs 07-2026
09-2026: 0.8%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.8%● unchanged vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Liquidity: current ratio 3.63
Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
lowers risk
Founded in 1987
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 16, micro). It does better than 90% of them on solvency, 84% on liquidity, 72% on profitability and 67% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as FRAMES PRODUCT has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FRAMES PRODUCT itself is higher: 0.8% within 12 months. It rests on far more data about FRAMES PRODUCT than the profile alone.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for FRAMES PRODUCT. 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.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.63 (2.84 in 2024), above the usual 1.5. Short-term debt is 21.9% of total assets. 21.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
143 days late
2022
61 days late
2021
31 days late
2020
144 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 67 days after the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
HJ
HAES JEAN-FRANCOIS
Director, since 30-03-2010
WJ
WARICHET JEANINE
Director, since 30-03-2010
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0432834091
Registered office moved within Villers-la-Ville
New registered office: Chaussée de Namur n° 120 A à 1495 Villers-La-Ville · Previous registered office: Chaussée de Namur, 116 à 1495 Villers-La-Ville · Registered office clause: Chaussée de Namur, 116 à 1495 Villers-La-Ville · General meeting of 24-07-2023 · Gazette deed
First establishment
Chaussée de Namur 116, Villers-la-Ville
Incorporation
published on 06-01-1988 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRAMES PRODUCT Villers-la-Ville | €39,898 | €7,210 | 78.1% | - |
| MENUIS'ART Sint-Gillis (bij-Brussel) | €34,673 | €13,336 | 54.2% | - |
| THOEN ET FILS Uccle | €114,392 | €5,704 | 94.1% | - |
| DCC - DYNAMIC CAR CENTER Zaventem | €46,003 | €19,885 | 26.3% | - |
| ECODEM Evere | €24,123 | €11,302 | 85.2% | - |
| AVALO Izegem | €128,571 | €13,965 | 71.7% | - |
| ART XL ENCADREMENT Brussels | €37,574 | €21,536 | 39.3% | - |
These companies have the same main activity as FRAMES PRODUCT: manufacture of other wood products (NACE 16281). They are comparable in size and age: total assets between €24,100 and €129,000, founded between 1975 and 2007.
Official details
Source: KBO- Status
- Active since 18-12-1987Normal situation
- Activity
- Manufacture of other wood productsNACE 16281and 2 others
- Establishment unit
- 2.032.592.0421495 Villers-la-Ville, since 27-02-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 20-12-2025
Insights on FRAMES PRODUCT
FRAMES PRODUCT files the abbreviated format. That format states no turnover. The gross margin rose from -€5,326 in 2006 to €7,210 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FRAMES PRODUCT
- What is the company number of FRAMES PRODUCT?
- The company number of FRAMES PRODUCT is 0432.834.091. The VAT number is the same number with BE in front: BE 0432.834.091.
- Where is FRAMES PRODUCT based?
- The registered office is at Chaussée de Namur 120, 1495 Villers-la-Ville.Company details
- What does FRAMES PRODUCT do?
- According to the KBO register, the main activity is manufacture of other wood products (NACE 16281).
- What is the legal form of FRAMES PRODUCT?
- FRAMES PRODUCT is a public limited company (NV).
- When was FRAMES PRODUCT founded?
- FRAMES PRODUCT was founded on 18-12-1987.
- Is FRAMES PRODUCT still active?
- Yes, FRAMES PRODUCT is an active enterprise in the KBO register.
- What is the turnover of FRAMES PRODUCT?
- The turnover in financial year 2025 is ≈ €49,000. This figure is estimated from the gross margin of €7,210 and 2,728 comparable companies of the same size. It probably lies between €20,000 and €120,000. It is a rough estimate. In financial year 2024 turnover was €18,755.Financials
- Is FRAMES PRODUCT profitable?
- In financial year 2025, FRAMES PRODUCT made a profit of €3,970.
- Where can I find the annual accounts of FRAMES PRODUCT?
- FRAMES PRODUCT filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FRAMES PRODUCT due?
- FRAMES PRODUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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