FrameTech
ActiveSummary
FrameTech has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46,245 and a net result of -€5,418. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 26041 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▲+6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 6.65 against 6.61 in 2023; short-term debt: 14.1% and cash: 12.7% of total assets), and 14.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85.9%
Return on assets
-10.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€5,418
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
34 d early
2022
38 d early
2021
33 d early
2020
33 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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 2024, micro schema
Equity
€46,245▼ 10.5%
2023 · €51,663
Total assets
€53,856▼ 9.8%
2023 · €59,714
Net result
-€5,418▲ 49.8%
2023 · -€10,788
Working capital
€42,976▼ 4.9%
2023 · €45,179
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
Line20202021202220232024
Operating result€1,001▼ 92.1%-€13,123-€1,861▲ 85.8%-€10,871▼ 484%-€5,493▲ 49.5%
Net result€464▼ 95.6%-€13,400-€1,994▲ 85.1%-€10,788▼ 441%-€5,418▲ 49.8%
Equity€77,845▲ 0.6%€64,445▼ 17.2%€62,451▼ 3.1%€51,663▼ 17.3%€46,245▼ 10.5%
Total assets€100,414▼ 11.2%€77,317▼ 23.0%€70,445▼ 8.9%€59,714▼ 15.2%€53,856▼ 9.8%
Debt€22,569▼ 36.9%€12,872▼ 43.0%€7,994▼ 37.9%€8,051▲ 0.7%€7,610▼ 5.5%
Working capital€75,239▲ 2.5%€61,036▼ 18.9%€58,248▼ 4.6%€45,179▼ 22.4%€42,976▼ 4.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,493 in 2024 against €10,871 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53,856
Fixed assets
€3,269 ▼ 49.6%
Current assets
€50,587 ▼ 5.0%
Equity and liabilities €53,856
Equity
€46,245 ▼ 10.5%
Debt
€7,610 ▼ 5.5%
Debt's share of the balance-sheet total rises from 13.5% to 14.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,279▲
2023 · -€8,504
Cash flow
-€2,203▲
2023 · -€8,420
Current ratio
6.65▲
2023 · 6.61
Quick ratio
3.15▼
2023 · 3.31
Debt to equity
0.16▲
2023 · 0.16
ROE
-11.7%▲
2023 · -20.9%
ROA
-10.1%▲
2023 · -18.1%
Interest coverage
-30.64▲
2023 · -125.27
Debt ≤ 1 year
€7,610▼
2023 · €8,051
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €100 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,709 | €5,709 | €5,517 | €2,368 | €3,215 | ▲ 35.8% |
| Other operating charges640/8 | - | €317 | €202 | €149 | €149 | = |
| Gross operating margin9900 | €7,003 | -€7,098 | €3,858 | -€8,355 | -€2,130 | ▲ 74.5% |
| Operating profit (loss)9901 | €1,001 | -€13,123 | -€1,861 | -€10,871 | -€5,493 | ▲ 49.5% |
| Financial income75/76B | - | €150 | €151 | €151 | €150 | ▼ 0.7% |
| Recurring financial income75 | €152 | €150 | €151 | €151 | €150 | ▼ 0.7% |
| Financial charges65/66B | - | €426 | €285 | €68 | €74 | ▲ 9.6% |
| Recurring financial charges65 | €688 | €426 | €285 | €68 | €74 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | €464 | -€13,400 | -€1,994 | -€10,788 | -€5,418 | ▲ 49.8% |
| Profit (loss) for the period9904 | €464 | -€13,400 | -€1,994 | -€10,788 | -€5,418 | ▲ 49.8% |
| Profit (loss) for the period to be appropriated9905 | €464 | -€13,400 | -€1,994 | -€10,788 | -€5,418 | ▲ 49.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,414 | €77,317 | €70,445 | €59,714 | €53,856 | ▼ 9.8% |
| Fixed assets21/28 | €10,977 | €5,268 | €4,202 | €6,483 | €3,269 | ▼ 49.6% |
| Tangible fixed assets22/27 | €10,977 | €5,268 | €4,202 | €6,483 | €3,269 | ▼ 49.6% |
| Plant, machinery and equipment23 | - | - | €4,202 | €3,312 | €2,422 | ▼ 26.9% |
| Furniture and vehicles24 | - | - | - | €3,171 | €847 | ▼ 73.3% |
| Leasing and similar rights25 | - | €5,268 | - | - | - | - |
| Current assets29/58 | €89,436 | €72,048 | €66,242 | €53,230 | €50,587 | ▼ 5.0% |
| Stocks and contracts in progress3 | €33,533 | €36,684 | €27,507 | €26,583 | €26,583 | = |
| Stocks30/36 | - | €32,684 | €27,507 | €26,583 | €26,583 | = |
| Contracts in progress37 | - | €4,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €19,092 | €13,138 | €12,366 | €15,896 | €17,163 | ▲ 8.0% |
| Trade receivables40 | - | €12,112 | €9,892 | €10,871 | €11,456 | ▲ 5.4% |
| Other amounts receivable41 | - | €1,026 | €2,474 | €5,025 | €5,706 | ▲ 13.6% |
| Cash at bank and in hand54/58 | €16,811 | €22,226 | €26,369 | €10,751 | €6,841 | ▼ 36.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,414 | €77,317 | €70,445 | €59,714 | €53,856 | ▼ 9.8% |
| Equity10/15 | €77,845 | €64,445 | €62,451 | €51,663 | €46,245 | ▼ 10.5% |
| Contributions10/11 | - | €93,000 | €93,000 | €93,000 | €93,000 | = |
| Profit (loss) carried forward14 | -€15,155 | -€28,555 | -€30,549 | -€41,337 | -€46,755 | ▼ 13.1% |
| Amounts payable17/49 | €22,569 | €12,872 | €7,994 | €8,051 | €7,610 | ▼ 5.5% |
| Amounts payable after more than one year17 | €7,348 | €1,860 | - | - | - | - |
| Financial debts170/4 | - | €1,860 | - | - | - | - |
| Amounts payable within one year42/48 | €14,197 | €11,012 | €7,994 | €8,051 | €7,610 | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | - | €5,488 | €1,860 | - | - | - |
| Trade debts44 | €4,339 | - | €150 | €1,752 | €861 | ▼ 50.8% |
| Suppliers440/4 | - | - | €150 | €1,752 | €861 | ▼ 50.8% |
| Other amounts payable47/48 | - | €5,524 | €5,984 | €6,299 | €6,749 | ▲ 7.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €464 | -€13,400 | -€1,994 | -€10,788 | -€5,418 | ▲ 49.8% |
| + Depreciation and write-downs630 | €5,709 | €5,709 | €5,517 | €2,368 | €3,215 | ▲ 35.8% |
| Operating cash flow (approximation) | €6,173 | -€7,691 | €3,523 | -€8,420 | -€2,203 | ▲ 73.8% |
| Investment in fixed assets (approximation) | - | €0 | -€4,451 | -€4,649 | €0 | ▲ 100% |
| Change in cash | - | €5,415 | €4,143 | -€15,618 | -€3,910 | ▲ 75.0% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€13,400
Net result drops to -€13,400, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €10,459
Net result €10,459 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Hasselt · 1 establishment unit since 2003
Ground area
294 m²
Building footprint
280 m²
Volume, LiDAR
4,459 m³
Parcel 71022H0008/00N002, Flanders · tallest building 20.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
FrameTech
since 20032.133.711.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0008/00N002 | Flanders | 294 m² | 1 · 280 m² | 20.4 m · 6 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
EURO - OFFICE
BE 0413.633.734
Elsene · Eq €46,437
SENZA
BE 0862.920.116
Erpe-Mere · Eq €45,421
Scharlaeken
BE 1007.236.023
Brugge · Eq €45,392
MINI MAXI MOD
BE 0465.580.697
Visé · Eq €45,298
MODACCES
BE 0886.775.978
Wielsbeke · Eq €47,269
Of 1,271 companies in sector 47512 we hold annual accounts for 581. 447 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
Founded30-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
Contact
E-mail
wouter@frametech.be
Phone
0476705262
Scores and ratios are computed by Checked and are not a credit decision.