Summary
FRAMIBEL has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €4.3m and a net result of €438,901. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 1203 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 11-06-2025, 50 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
47 d early
2022
39 d early
2021
34 d early
2020
22 d early
2019
14 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 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 company by total assets in Ardooie, Administrative and support services sector#4 company by equity in Ardooie, Administrative and support services sector
Turnover
€627,120▲ 7.2%
2023 · €585,120
EBIT margin
18.3%▲ 3.1pp
2023 · 15.2%
Net result
€438,901▼ 51.1%
2023 · €897,175
Working capital
-€1.5m▼ 28.8%
2023 · -€1.2m
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
Line20192021202220232024
Turnover€112,000-€450,000-€530,000▲ 17.8%€585,120▲ 10.4%€627,120▲ 7.2%
Operating result€92,543--€19,984-€70,947€88,863▲ 25.3%€114,525▲ 28.9%
Net result€3,794-€196,407-€1.7m▲ 744%€897,175▼ 45.9%€438,901▼ 51.1%
EBIT margin82.6%--4.4%-13.4%▲ 17.8pp15.2%▲ 1.8pp18.3%▲ 3.1pp
Equity€1.0m-€1.6m-€3.2m▲ 98.9%€4.0m▲ 24.6%€4.3m▲ 7.0%
Total assets€6.0m-€6.1m-€10.1m▲ 67.2%€10.1m▼ 0.3%€9.8m▼ 3.1%
Debt€5.0m-€4.5m-€6.9m▲ 55.8%€6.1m▼ 11.8%€5.5m▼ 9.7%
Working capital-€925,255--€1.2m--€1.3m▼ 6.7%-€1.2m▲ 7.5%-€1.5m▼ 28.8%
Staff (FTE)1-1=1=1=
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 29% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.8m
Fixed assets
€9.7m =
Current assets
€102,659 ▼ 75.6%
Equity and liabilities €9.8m
Equity
€4.3m ▲ 7.0%
Debt
€5.5m ▼ 9.7%
Debt's share of the balance-sheet total falls from 60.6% to 56.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.3%▼
2023 · 22.6%
ROA
4.5%▼
2023 · 8.9%
Debt ≤ 1 year
€1.6m▲
2023 · €1.6m
Debt > 1 year
€3.9m▼
2023 · €4.5m
Income taxes
€174▲
2023 · €166
Staff costs
€121,906▼
2023 · €125,543
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €452,089 | €531,988 | €587,027 | €629,081 | ▲ 7.2% |
| Turnover70 | €112,000 | €450,000 | €530,000 | €585,120 | €627,120 | ▲ 7.2% |
| Other operating income74 | - | €2,089 | €1,988 | €1,907 | €1,961 | ▲ 2.8% |
| Operating charges60/66A | - | €472,073 | €461,041 | €498,165 | €514,556 | ▲ 3.3% |
| Services and other goods61 | - | €346,797 | €347,169 | €371,186 | €391,196 | ▲ 5.4% |
| Remuneration, social security and pensions62 | - | €123,850 | €112,277 | €125,543 | €121,906 | ▼ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,250 | - | - | - | - | - |
| Other operating charges640/8 | - | €1,426 | €1,595 | €1,435 | €1,454 | ▲ 1.4% |
| Operating profit (loss)9901 | €92,543 | -€19,984 | €70,947 | €88,863 | €114,525 | ▲ 28.9% |
| Financial income75/76B | - | €287,430 | €1.7m | €921,372 | €429,000 | ▼ 53.4% |
| Recurring financial income75 | - | €287,430 | €1.7m | €921,372 | €429,000 | ▼ 53.4% |
| Income from financial fixed assets750 | - | €287,430 | €1.7m | €921,372 | €429,000 | ▼ 53.4% |
| Other financial income752/9 | - | - | €12 | €0 | - | - |
| Financial charges65/66B | - | €70,853 | €120,762 | €112,894 | €104,450 | ▼ 7.5% |
| Recurring financial charges65 | €87,155 | €70,853 | €120,762 | €112,894 | €104,450 | ▼ 7.5% |
| Debt charges650 | €86,635 | €70,453 | €117,873 | €112,109 | €103,649 | ▼ 7.5% |
| Other financial charges652/9 | - | €400 | €2,889 | €785 | €800 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €5,388 | €196,593 | €1.7m | €897,340 | €439,075 | ▼ 51.1% |
| Income taxes67/77 | €1,594 | €186 | €174 | €166 | €174 | ▲ 5.3% |
| Taxes670/3 | - | €186 | €174 | €166 | €174 | ▲ 5.3% |
| Profit (loss) for the period9904 | €3,794 | €196,407 | €1.7m | €897,175 | €438,901 | ▼ 51.1% |
| Profit (loss) for the period to be appropriated9905 | €3,794 | €196,407 | €1.7m | €897,175 | €438,901 | ▼ 51.1% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.0m | €6.1m | €10.1m | €10.1m | €9.8m | ▼ 3.1% |
| Fixed assets21/28 | €6.0m | €6.0m | €9.7m | €9.7m | €9.7m | = |
| Financial fixed assets28 | €6.0m | €6.0m | €9.7m | €9.7m | €9.7m | = |
| Affiliated companies280/1 | - | €6.0m | €9.7m | €9.7m | €9.7m | = |
| Participating interests280 | - | €6.0m | €9.7m | €9.7m | €9.7m | = |
| Current assets29/58 | €22,715 | €59,721 | €455,196 | €420,465 | €102,659 | ▼ 75.6% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €13,086 | €55,231 | €400,055 | €404,000 | €101,000 | ▼ 75.0% |
| Trade receivables40 | - | €45,375 | €55,055 | €59,000 | €101,000 | ▲ 71.2% |
| Other amounts receivable41 | - | €9,856 | €345,000 | €345,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €9,629 | €4,490 | €55,141 | €16,465 | €1,659 | ▼ 89.9% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.0m | €6.1m | €10.1m | €10.1m | €9.8m | ▼ 3.1% |
| Equity10/15 | €1.0m | €1.6m | €3.2m | €4.0m | €4.3m | ▲ 7.0% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €3,794 | €605,378 | €2.2m | €3.0m | €3.3m | ▲ 9.3% |
| Non-distributable reserves130/1 | - | €36,373 | €100,000 | €100,000 | €100,000 | = |
| Legal reserve130 | - | €36,373 | €100,000 | €100,000 | €100,000 | = |
| Distributable reserves133 | - | €569,005 | €2.1m | €2.9m | €3.2m | ▲ 9.6% |
| Amounts payable17/49 | €5.0m | €4.5m | €6.9m | €6.1m | €5.5m | ▼ 9.7% |
| Amounts payable after more than one year17 | €4.1m | €3.2m | €5.2m | €4.5m | €3.9m | ▼ 13.3% |
| Financial debts170/4 | - | €3.2m | €5.2m | €4.5m | €3.9m | ▼ 13.3% |
| Subordinated loans170 | - | €2.0m | €3.2m | €3.2m | €3.2m | = |
| Credit institutions173 | - | €1.2m | €2.0m | €1.3m | €748,814 | ▼ 44.5% |
| Amounts payable within one year42/48 | €947,969 | €1.2m | €1.7m | €1.6m | €1.6m | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €428,568 | €671,424 | €671,424 | €600,020 | ▼ 10.6% |
| Trade debts44 | - | €19,955 | €12,635 | €14,724 | €14,395 | ▼ 2.2% |
| Suppliers440/4 | - | €19,955 | €12,635 | €14,724 | €14,395 | ▼ 2.2% |
| Taxes, remuneration and social security45 | - | €22,291 | €38,096 | €33,937 | €31,278 | ▼ 7.8% |
| Taxes450/3 | - | €8,088 | €23,129 | €17,140 | €12,951 | ▼ 24.4% |
| Remuneration and social security454/9 | - | €14,203 | €14,966 | €16,797 | €18,327 | ▲ 9.1% |
| Other amounts payable47/48 | - | €769,714 | €992,952 | €865,418 | €957,251 | ▲ 10.6% |
| Accrued charges and deferred income492/3 | - | €1,562 | €31,005 | €12,128 | €0 | ▼ 100% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,794 | €196,407 | €1.7m | €897,175 | €438,901 | ▼ 51.1% |
| + Depreciation and write-downs630 | €3,250 | - | - | - | - | - |
| Operating cash flow (approximation) | €7,044 | €196,407 | €1.7m | €897,175 | €438,901 | ▼ 51.1% |
| Investment in fixed assets (approximation) | - | - | -€3.7m | €0 | €0 | - |
| Change in cash | - | - | €50,650 | -€38,676 | -€14,806 | ▲ 61.7% |
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
2026
23-09
State Gazette act
Permanent representatives: Jens Vanden Driessche and Jeroen BUYCKReappointment: Auditas Assurance Partners (statutory auditor)4 facts ▸
State Gazette act
Permanent representatives: Jens Vanden Driessche and Jeroen BUYCK
Reappointment: Auditas Assurance Partners (statutory auditor)4 facts ▸
- General meeting, 06-06-2026
- Permanent representative, Jens Vanden Driessche (representative)
- Permanent representative, Jeroen BUYCK (permanent representative)
- Auditor reappointment, Auditas Assurance Partners (statutory auditor)
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2019net €1.7m ▲744%
Net result €1.7m, the highest in the series.
31-12
Financial
Equity above €2mEq €3.2m ▲98.9%
3 profitable years in a row build equity to €3.2m.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Auditas Assurance Partners
CurrentStatutory auditor · since 23-09-2026 · perm. rep.: Jens Vanden Driessche
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ardooie · 1 establishment unit since 2018
Ground area
1,295 m²
Building footprint
197 m²
Volume, LiDAR
1,309 m³
Parcel 36001E0491/00W000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Roeselaarsestraat 9, 8850 Ardooie
since 20182.281.107.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E0491/00W000 | Flanders | 1,295 m² | 1 · 197 m² | 11.8 m · 2 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Auditas Assurance Partners |
|
Structure & network
Owners and holdings
1 owner · 3 holdings · 4 subsidiaries in the treeChain of control
Highest known parent: ARDELICE. The sources do not say who stands above it.
Owners 1
- AMATUSparent80%
Holdings 3
- FMB-LogisticssubsidiaryEquity €358,549Result €82,040100%
- FRANS MICHIELS & ZONENsubsidiaryEquity €4.5mResult €700,527100%
- Gebroeders MichielssubsidiaryEquity €1.5mResult €198,099100%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- FMB-Logistics 100%
FRANS MICHIELS & ZONEN 100%1 subsidiary
- Gebroeders Michiels 100%
According to the 2024 annual accounts of FRAMIBEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 2,072 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0711955848
Also
9925:BE0711955848
Registered
24-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.