FrameTech
ActiveSummary
FrameTech has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,674 and a net result of -€7,571. Equity has been shrinking by about 10% per year since 2018. Its solvency ranks better than 83% of 22,773 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-09-2003 Normal situation
- Activity
- Retail sale of household textiles and bedding NACE 47512
- Establishment unit
- 2.133.711.176 3500 Hasselt, since 30-10-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- -€5,660
- ▼ 166%
- Loss
- €7,571
- ▲ 39.7%
- Equity
- €38,674
- ▼ 16.4%
- Total assets
- €52,765
- ▼ 2.0%
Score breakdownraises riskLoss of €7,571, the second in a row (financial year 2025)Sector: Retail trade (NACE 47)lowers riskFounded in 2003Equity €38,674 (73.3% of total assets)Show the evidence
Checked score
About 7 in 1,000 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 83% of them on solvency, 56% on liquidity, 13% on profitability and 22% on growth.
The bankruptcy probability was computed on 02-11-2026 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 7 accounts on average 35 days before 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 (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 22 filings
Every figure per financial year
The operating result for 2025 is a loss of €7,645, larger than the loss of €5,493 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,451 | €4,649 | - | - |
| Depreciation and write-downs of the year | €5,709 | €5,517 | €2,368 | €3,215 | €1,737 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €100 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,443 | €5,709 | €5,709 | €5,709 | €5,517 | €2,368 | €3,215 | €1,737 | ▼ 46.0% |
| Other operating charges640/8 | - | - | - | €317 | €202 | €149 | €149 | €248 | ▲ 66.5% |
| Gross operating margin9900 | €3,875 | €18,620 | €7,003 | -€7,098 | €3,858 | -€8,355 | -€2,130 | -€5,660 | ▼ 166% |
| Operating profit (loss)9901 | -€2,278 | €12,645 | €1,001 | -€13,123 | -€1,861 | -€10,871 | -€5,493 | -€7,645 | ▼ 39.2% |
| Financial income75/76B | - | - | - | €150 | €151 | €151 | €150 | €152 | ▲ 1.1% |
| Recurring financial income75 | €157 | €160 | €152 | €150 | €151 | €151 | €150 | €152 | ▲ 1.1% |
| Financial charges65/66B | - | - | - | €426 | €285 | €68 | €74 | €77 | ▲ 3.8% |
| Recurring financial charges65 | €3,095 | €2,346 | €688 | €426 | €285 | €68 | €74 | €77 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | -€5,216 | €10,459 | €464 | -€13,400 | -€1,994 | -€10,788 | -€5,418 | -€7,571 | ▼ 39.7% |
| Profit (loss) for the period9904 | -€5,216 | €10,459 | €464 | -€13,400 | -€1,994 | -€10,788 | -€5,418 | -€7,571 | ▼ 39.7% |
| Profit (loss) for the period to be appropriated9905 | -€5,216 | €10,459 | €464 | -€13,400 | -€1,994 | -€10,788 | -€5,418 | -€7,571 | ▼ 39.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €140,737 | €113,130 | €100,414 | €77,317 | €70,445 | €59,714 | €53,856 | €52,765 | ▼ 2.0% |
| Fixed assets21/28 | €21,074 | €16,686 | €10,977 | €5,268 | €4,202 | €6,483 | €3,269 | €1,532 | ▼ 53.1% |
| Tangible fixed assets22/27 | €21,074 | €16,686 | €10,977 | €5,268 | €4,202 | €6,483 | €3,269 | €1,532 | ▼ 53.1% |
| Plant, machinery and equipment23 | - | - | - | - | €4,202 | €3,312 | €2,422 | €1,532 | ▼ 36.8% |
| Furniture and vehicles24 | - | - | - | - | - | €3,171 | €847 | - | - |
| Leasing and similar rights25 | - | - | - | €5,268 | - | - | - | - | - |
| Current assets29/58 | €119,664 | €96,443 | €89,436 | €72,048 | €66,242 | €53,230 | €50,587 | €51,234 | ▲ 1.3% |
| Stocks and contracts in progress3 | €114,460 | €67,502 | €33,533 | €36,684 | €27,507 | €26,583 | €26,583 | €26,583 | = |
| Stocks30/36 | - | - | - | €32,684 | €27,507 | €26,583 | €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 | €17,424 | ▲ 1.5% |
| Trade receivables40 | - | - | - | €12,112 | €9,892 | €10,871 | €11,456 | €10,871 | ▼ 5.1% |
| Other amounts receivable41 | - | - | - | €1,026 | €2,474 | €5,025 | €5,706 | €6,553 | ▲ 14.8% |
| Cash at bank and in hand54/58 | €4,709 | €22,942 | €16,811 | €22,226 | €26,369 | €10,751 | €6,841 | €5,097 | ▼ 25.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €2,130 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €140,737 | €113,130 | €100,414 | €77,317 | €70,445 | €59,714 | €53,856 | €52,765 | ▼ 2.0% |
| Equity10/15 | €66,922 | €77,380 | €77,845 | €64,445 | €62,451 | €51,663 | €46,245 | €38,674 | ▼ 16.4% |
| Contributions10/11 | €93,000 | €93,000 | - | €93,000 | €93,000 | €93,000 | €93,000 | €93,000 | = |
| Profit (loss) carried forward14 | -€26,078 | -€15,620 | -€15,155 | -€28,555 | -€30,549 | -€41,337 | -€46,755 | -€54,326 | ▼ 16.2% |
| Amounts payable17/49 | €73,816 | €35,749 | €22,569 | €12,872 | €7,994 | €8,051 | €7,610 | €14,091 | ▲ 85.2% |
| Amounts payable after more than one year17 | €17,923 | €12,701 | €7,348 | €1,860 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €1,860 | - | - | - | - | - |
| Amounts payable within one year42/48 | €55,893 | €23,048 | €14,197 | €11,012 | €7,994 | €8,051 | €7,610 | €14,091 | ▲ 85.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,488 | €1,860 | - | - | - | - |
| Trade debts44 | €3,129 | €117 | €4,339 | - | €150 | €1,752 | €861 | - | - |
| Suppliers440/4 | - | - | - | - | €150 | €1,752 | €861 | - | - |
| Other amounts payable47/48 | - | - | - | €5,524 | €5,984 | €6,299 | €6,749 | €14,091 | ▲ 109% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,216 | €10,459 | €464 | -€13,400 | -€1,994 | -€10,788 | -€5,418 | -€7,571 | ▼ 39.7% |
| + Depreciation and write-downs630 | €5,443 | €5,709 | €5,709 | €5,709 | €5,517 | €2,368 | €3,215 | €1,737 | ▼ 46.0% |
| Operating cash flow (approximation) | €227 | €16,168 | €6,173 | -€7,691 | €3,523 | -€8,420 | -€2,203 | -€5,834 | ▼ 165% |
| Investment in fixed assets (approximation) | - | -€1,321 | €0 | €0 | -€4,451 | -€4,649 | €0 | €0 | - |
| Change in cash | - | €18,233 | -€6,131 | €5,415 | €4,143 | -€15,618 | -€3,910 | -€1,745 | ▲ 55.4% |
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, 5,831 companies had the same profile as FrameTech has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FrameTech itself: 0.7% within 12 months.
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 5,831 companies, not a prediction for FrameTech. 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 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-06-2026 | 2026-00176416 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00173718 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00167861 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00154916 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20098025 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-24900295 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-21400087 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-22200432 | |
| 31-12-2017 | abbreviated format | 25-04-2018 | 2018-10600180 | |
| 31-12-2016 | abbreviated format | 10-04-2017 | 2017-09100566 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 26-09-2024 Converted to unavailable equity · €93,000
- 26-09-2024 Converted to unavailable equity · €93,000
- 25-09-2024 Capital stated in the deed · €93,000 · 93 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MAES Wouter Theo Nico |
|
Articles of association
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1”
Articles of association, deed of 26-09-2024 (in Dutch)
Network & group
FrameTech shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FrameTech. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
26-09
Gazette deed
Resignation: MAES Wouter Theo Nico (manager)Reappointment: MAES Wouter Theo Nico (director) · Registered office clause · Registered-office move13 points ▸
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, MAES Wouter Theo Nico (manager)
- Director reappointment, MAES Wouter Theo Nico (director (not named in the articles))
- Registered office clause, “3500 Hasselt, Martelarenlaan 9 bus 5” (deed in Dutch)
- General meeting, 28-05-2024
- Registered-office move
- Other provision, “Neerlegging huidige statuten in Franse taal, Tweede besluit” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “opheffen en beschikbaar maken voor uitkering”, 93000 (deed in Dutch)
- Capital
- The act holds 1 more point.
25-09
Gazette deed
Registered office moved from Visé to HasseltAmendment of the articles · Capital3 points ▸
- Registered-office move, 3500 Hasselt, Martelarenlaan 9 bus 5
- Amendment of the articles
- Capital, €93,000
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 4600 Visé until 28-05-2024 · act of 25-09-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
16 activities
- De groot- en kleinhandel in kledingsstoffen, meubileringsstoffen en kledingsstukken;
- De groot- en kleinhandel in gordijn- en overgordijnstoffen en alle toebehoren;
- Alle maatwerk en retouches van kledingsstukken.
- De groot- en kleinhandel in fournituren: naaigaren, band, lint, naalden, sjaals enz.
- Groot- en kleinhandel, import en export in textiel, kledingstukken voor dames, heren en kinderen, alsmede in lingerie, schoenen en lederwaren, meer bepaald kleding in het algemeen, de commercialisatie van gemelde artikelen in de meest brede zin van het woord.
- Het verlenen van advies van daadwerkelijke ondersteuning en van diensten aan bedrijven en zelfstandige ondernemers en particulieren in het binnen- en buitenland, inzake bedrijfsbeheer, sociale aangelegenheden, milieu, verkoop, verkooptechnieken, verkooporganisatie, verkoopontwikkeling, import en export, dagelijks beheer, financieel beheer, algemene leiding van bedrijven en ondernemingen en in het algemeen inzake alle diensten die rechtstreeks of onrechtstreeks verband houden met verkopen of management.
- Het verlenen van advies, van daadwerkelijke ondersteuningen van diensten aan bedrijven en zelfstandige ondernemers en particulieren, in binnen en buitenland, inzake juridische begeleiding, opstarten en overnames van handelszaken. De diensten kunnen worden geleverd krachtens contractuele verbintenissen of in de hoedanigheid van externe raadgevers of orgaan van de cliënt.
- De vennootschap kan ook de functie van bestuurder of vereffenaar van een andere vennootschap uitoefenen.
- Adviesverstrekking en begeleiding van bouwprojecten. Tussenpersoon in de handel.
- Algemene coördinatie werkzaamheden bouwwerf/aannemer.
- Aankoop en verkoop van gronden en gebouwen. Managementbureau, bestuurder van vennootschappen. De verwerving, de vervreemding, het beheer, de borg- en hypotheekstelling, uitbating, valorisatie, ordening, de huur en verhuur, het doen bouwen en verbouwen en de leasing van onroerende goederen.
- Ontwerpen en programmeren van computerprogramma's
- Overige rechtskundige dienstverlening
- Handel in eigen onroerend goed
- Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
- Overige adviesbureaus op het gebied van bedrijfsbeheer, adviesbureau op het gebied van bedrijfsvoering
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 |
|---|---|---|---|---|
| 71022H0008/00N002 | Flanders | 294 m² | 1 · 280 m² | 20.4 m · 6 |