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Framibo

Active
Public limited companyfounded 199234 yrs activeVlassenbroek 18, 9200 Dendermonde, BelgiumKBO/BCE: BE 0447.626.195
Summary

Framibo has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19,208 and a net result of -€7,248. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability14▼-54
Solvency35▼-9
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.03 in 2023; short-term debt: 90% and cash: 0.3% of total assets), and 90% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
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 2024
Solvency, return and age of the figures
Solvency
10%
Return on assets
-3.8%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€7,248
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 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
49 d early
2023
23 d early
2022
40 d early
2021
18 d early
2020
31 d late
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 22 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 June 1992, Framibo was incorporated.1 Total assets went from EUR 119,485 in 2018 to EUR 192,493 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€19,208▼ 27.4%
2023 · €26,456
Total assets
€192,493▲ 40.0%
2023 · €137,543
Net result
-€7,248▼ 1,131%
2023 · -€589
Working capital
-€172,604▼ 60.5%
2023 · -€107,567
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-€748€1,126-€1,431-€518▲ 63.8%-€7,184▼ 1,286%
Net result-€823€1,066-€1,493-€589▲ 60.6%-€7,248▼ 1,131%
Equity€27,471▼ 2.9%€28,537▲ 3.9%€27,045▼ 5.2%€26,456▼ 2.2%€19,208▼ 27.4%
Total assets€144,533▲ 3.1%€149,827▲ 3.7%€148,058▼ 1.2%€137,543▼ 7.1%€192,493▲ 40.0%
Debt€117,062▲ 4.6%€121,289▲ 3.6%€121,013▼ 0.2%€111,087▼ 8.2%€173,286▲ 56.0%
Working capital-€112,748▼ 3.9%-€110,784▲ 1.7%-€109,628▲ 1.0%-€107,567▲ 1.9%-€172,604▼ 60.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€7,500-€5,000-€2,500€0Operating result 2020: -€748-€748Net result 2020: -€823-€823Operating result 2021: €1,126€1,126Net result 2021: €1,066€1,066Operating result 2022: -€1,431-€1,431Net result 2022: -€1,493-€1,493Operating result 2023: -€518-€518Net result 2023: -€589-€589Operating result 2024: -€7,184-€7,184Net result 2024: -€7,248-€7,24820202021202220232024-€8,000-€6,000-€4,000-€2,000€0Operating result 2022: -€1,431-€1,430Net result 2022: -€1,493-€1,490Operating result 2023: -€518-€518Net result 2023: -€589-€589Operating result 2024: -€7,184-€7,180Net result 2024: -€7,248-€7,250202220232024
The operating result stays negative: a loss of €7,184 in 2024 against €518 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €192,493
Fixed assets €191,811 ▲ 43.1%
Current assets €682 ▼ 80.6%
Equity and liabilities €192,493
Equity €19,208 ▼ 27.4%
Debt €173,286 ▲ 56.0%
Debt's share of the balance-sheet total rises from 80.8% to 90.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€1,123▼
2023 · €2,131
Cash flow
-€1,187▼
2023 · €2,061
Current ratio
0.00▼
2023 · 0.03
Debt to equity
9.02▲
2023 · 4.20
ROE
-37.7%▼
2023 · -2.2%
ROA
-3.8%▼
2023 · -0.4%
Interest coverage
-17.44▼
2023 · 30.29
Debt ≤ 1 year
€173,286▲
2023 · €111,087
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a small loss
2.1% went bankrupt
4.5% stopped otherwise
93% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 974 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 30 lines
Balance sheet Code20232024
Assets
Total assets20/58€137,543€192,493▲
Formation expenses20€0€0=
Fixed assets21/28€134,023€191,811▲
Tangible fixed assets22/27€134,023€191,811▲
Land and buildings22€134,023€138,981▲
Plant, machinery and equipment23-€52,830
Current assets29/58€3,520€682▼
Amounts receivable within one year40/41-€137
Other amounts receivable41-€137
Cash at bank and in hand54/58€3,520€545▼
Equity and liabilities
Total equity and liabilities10/49€137,543€192,493▲
Equity10/15€26,456€19,208▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Profit (loss) carried forward14-€35,544-€42,792▼
Amounts payable17/49€111,087€173,286▲
Amounts payable within one year42/48€111,087€173,286▲
Other amounts payable47/48€111,087€173,286▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,649€6,061▲
Other operating charges640/8€4,117€3,844▼
Gross operating margin9900€6,248€2,721▼
Operating profit (loss)9901-€518-€7,184▼
Financial charges65/66B€70€64▼
Recurring financial charges65€70€64▼
Profit (loss) for the period before taxes9903-€589-€7,248▼
Profit (loss) for the period9904-€589-€7,248▼
Profit (loss) for the period to be appropriated9905-€589-€7,248▼
Appropriation of the result
Profit (loss) to be appropriated9906-€35,544-€42,792▼
Profit (loss) brought forward from the previous period14P-€34,955-€35,544▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,814€5,002€2,649€2,649€6,061▲ 129%
Other operating charges640/8-€2,979€3,347€4,117€3,844▼ 6.6%
Gross operating margin9900€7,302€9,107€4,565€6,248€2,721▼ 56.4%
Operating profit (loss)9901-€748€1,126-€1,431-€518-€7,184▼ 1,286%
Financial charges65/66B-€60€62€70€64▼ 8.5%
Recurring financial charges65€74€60€62€70€64▼ 8.5%
Profit (loss) for the period before taxes9903-€823€1,066-€1,493-€589-€7,248▼ 1,131%
Profit (loss) for the period9904-€823€1,066-€1,493-€589-€7,248▼ 1,131%
Profit (loss) for the period to be appropriated9905-€823€1,066-€1,493-€589-€7,248▼ 1,131%
Line20202021202220232024Change
Assets
Total assets20/58€144,533€149,827€148,058€137,543€192,493▲ 40.0%
Formation expenses20---€0€0-
Fixed assets21/28€140,220€139,322€136,672€134,023€191,811▲ 43.1%
Tangible fixed assets22/27€140,220€139,322€136,672€134,023€191,811▲ 43.1%
Land and buildings22-€139,322€136,672€134,023€138,981▲ 3.7%
Plant, machinery and equipment23----€52,830-
Current assets29/58€4,313€10,505€11,386€3,520€682▼ 80.6%
Amounts receivable within one year40/41----€137-
Other amounts receivable41----€137-
Cash at bank and in hand54/58€4,313€10,505€11,386€3,520€545▼ 84.5%
Equity and liabilities
Total equity and liabilities10/49€144,533€149,827€148,058€137,543€192,493▲ 40.0%
Equity10/15€27,471€28,537€27,045€26,456€19,208▼ 27.4%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Profit (loss) carried forward14-€34,529-€33,463-€34,955-€35,544-€42,792▼ 20.4%
Amounts payable17/49€117,062€121,289€121,013€111,087€173,286▲ 56.0%
Amounts payable within one year42/48€117,062€121,289€121,013€111,087€173,286▲ 56.0%
Trade debts44€1,534-----
Other amounts payable47/48-€121,289€121,013€111,087€173,286▲ 56.0%
Line20202021202220232024Change
Profit (loss) for the period9904-€823€1,066-€1,493-€589-€7,248▼ 1,131%
+ Depreciation and write-downs630€4,814€5,002€2,649€2,649€6,061▲ 129%
Operating cash flow (approximation)€3,991€6,068€1,157€2,061-€1,187▼ 158%
Investment in fixed assets (approximation)--€4,104€0€0-€63,849-
Change in cash-€6,192€881-€7,866-€2,975▲ 62.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
12-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€7,248
Net result drops to -€7,248, the lowest in the series.
08-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €1,066
Net result €1,066 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Highest result since 2018net €3,423 ▲2,727%
Operating result €3,464, net result €3,423, both a record.
31-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
10-06
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 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Dendermonde
exact location from the address register On OpenStreetMap
Ground area
986 m²
Building footprint
169 m²
Volume, LiDAR
1,048 m³
Parcel 42002A0373/00D000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42002A0373/00D000 Flanders 986 m² 1 · 169 m² 10.3 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.

Identification & contact

Identification
Legal formPublic limited company
Founded10-06-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0447626195
Registered 01-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.