FRAMIMMO
ActiveSummary
FRAMIMMO has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €5,657, of which €3,643 non-recurring income. Equity is growing by about 3% per year across the filed financial years. Its solvency ranks better than 92% of 11,213 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
10th largest company by equity in Genappe, Real estate sector1 site
Size
≈ €130,000turnover 2025, estimated
- Equity
- €2.5m
- Profit
- €5,657
Turnover estimated from the gross marginNet result -97%: other schema
Why 95raises riskLiquidity: current ratio 14.12, cash €40,413, halvedlowers riskSize: total assets €2.8mFigures for financial year 2025 (filed 23-06-2026)Equity €2.5m (92.2% of total assets)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Strong
Solvency
100=
equity 92.2% of total assets
Liquidity
52-8
short-term debt 3.0% · cash 1.5%
Profitability
69-9
return on assets 0.2%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● unchanged vs 11-2024
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
Credit of up to €240,000 on 30-day terms is acceptable
Liquidity ample (current ratio 14.12, compared with 18.91 in 2024, above the usual 1.5; short-term debt: 3% and cash: 1.5% of total assets), and 7.8% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 92% on solvency, 69% on liquidity, 69% on profitability and 25% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
57 days early
2023
56 days early
2022
33 days early
2021
51 days early
2020
66 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% 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 10 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet €5,657 ▼97.5%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
In the rankings
#10 company by equity in Genappe, Real estate sector
Turnover
≈ €130,000
Estimated: probably between €110,000 and €170,000
EBIT margin
Not included in this filing
Net result
€5,657▼ 97.5%
2024 · €223,722
Working capital
€1.1m▼ 15.7%
2024 · €1.3m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 95% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.01m
2025
Net result€0.006m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.8m
2025
Equity€2.5m
2025
Debt€0.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency92.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio14.12
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.07m▼ 60.1%€1.0m▲ 14×€0.1m▼ 87.3%€0.1m▼ 13.7%€0.1m▲ 5.5%€0.3m▲ 192%€0.01m▼ 95.5%
Net result€0.1m-€0.03m▼ 75.4%€0.9mabove the sector's middle half▲ 30×€0.05mabove the sector's middle half▼ 94.4%€0.06mabove the sector's middle half▲ 25.9%€0.08mabove the sector's middle half▲ 19.9%€0.2mabove the sector's middle half▲ 198%€0.006mwithin the sector's middle half▼ 97.5%
Equity€2.0m-€2.0m▲ 1.5%€2.7mabove the sector's middle half▲ 37.6%€2.5mabove the sector's middle half▼ 7.4%€2.5mabove the sector's middle half▼ 1.5%€2.5mabove the sector's middle half▲ 1.8%€2.7mabove the sector's middle half▲ 7.8%€2.5mabove the sector's middle half▼ 7.2%
Total assets€2.1m-€2.1m▼ 0.5%€3.0mabove the sector's middle half▲ 42.5%€2.6mabove the sector's middle half▼ 10.8%€2.5mabove the sector's middle half▼ 3.7%€2.8mabove the sector's middle half▲ 8.4%€3.0mabove the sector's middle half▲ 8.9%€2.8mwithin the sector's middle half▼ 7.8%
Debt€0.1m-€0.08m▼ 32.0%€0.2m▲ 159%€0.1m▼ 54.5%€0.04m▼ 60.7%€0.2m▲ 433%€0.2m▼ 9.8%€0.1m▼ 19.2%
Working capital€0.7m-€0.8m▲ 4.5%€1.6mabove the sector's middle half▲ 106%€1.4mabove the sector's middle half▼ 10.6%€1.3mabove the sector's middle half▼ 7.2%€1.3mabove the sector's middle half▲ 1.2%€1.3mabove the sector's middle half▼ 2.7%€1.1mabove the sector's middle half▼ 15.7%
Solvency94.1%-96.0%▲ 1.9pp92.7%above the sector's middle half▼ 3.3pp96.3%above the sector's middle half▲ 3.6pp98.5%above the sector's middle half▲ 2.2pp92.5%above the sector's middle half▼ 5.9pp91.6%above the sector's middle half▼ 0.9pp92.2%above the sector's middle half▲ 0.6pp
Current ratio10.32-11.11▲ 0.798.45above the sector's middle half▼ 2.6615.65above the sector's middle half▲ 7.2035.59above the sector's middle half▲ 19.9523.00above the sector's middle half▼ 12.5918.91above the sector's middle half▼ 4.0914.12above the sector's middle half▼ 4.79
Return on assets (ROA)5.8%-1.4%▼ 4.3pp30.2%above the sector's middle half▲ 28.8pp1.9%within the sector's middle half▼ 28.3pp2.5%within the sector's middle half▲ 0.6pp2.7%within the sector's middle half▲ 0.3pp7.5%within the sector's middle half▲ 4.7pp0.2%within the sector's middle half▼ 7.3pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2025 Net result -97% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€1.6m ▼ 2.3%
Current assets
€1.2m ▼ 14.1%
Equity and liabilities €2.8m
Equity
€2.5m ▼ 7.2%
Provisions
€65,895 =
Debt
€149,609 ▼ 19.2%
Debt's share of the balance-sheet total falls from 6.2% to 5.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59,948▼
2024 · €368,612
Cash flow
€50,901▼
2024 · €269,059
Debt to equity
0.06▼
2024 · 0.07
ROE
0.2%▼
2024 · 8.1%
Interest coverage
9.70▼
2024 · 47.08
Debt ≤ 1 year
€84,167▲
2024 · €73,149
Debt > 1 year
€65,443▼
2024 · €104,868
Income taxes
€6,586▼
2024 · €29,579
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96.2%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.04m | €263 | €0 | €0.3m | €0.004m | ▼ 98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.04m | €0.05m | €0.05m | €0.06m | €0.05m | €0.05m | ▼ 0.2% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.04m | ▲ 13.7% |
| Non-recurring operating charges66A | - | - | - | €0.04m | €0.008m | €0 | - | - | - |
| Gross operating margin9900 | €0.2m | €0.1m | €1.0m | €0.2m | €0.2m | €0.2m | €0.4m | €0.1m | ▼ 75.3% |
| Operating profit (loss)9901 | €0.2m | €0.07m | €1.0m | €0.1m | €0.1m | €0.1m | €0.3m | €0.01m | ▼ 95.5% |
| Financial income75/76B | - | - | - | €340 | €0.001m | €0.007m | €0.004m | €0.004m | ▼ 0.9% |
| Recurring financial income75 | €0.003m | €0.01m | €0.002m | €340 | €0.001m | €0.007m | €0.004m | €0.004m | ▼ 0.9% |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | €0.008m | €0.008m | €0.006m | ▼ 21.1% |
| Recurring financial charges65 | €0.005m | €0.003m | €0.002m | €0.001m | €0.001m | €0.008m | €0.008m | €0.006m | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.07m | €1.0m | €0.1m | €0.1m | €0.1m | €0.3m | €0.01m | ▼ 96.2% |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €0.07m | €0 | ▼ 100% |
| Income taxes67/77 | €0.04m | €0.04m | €0.06m | €0.07m | €0.04m | €0.04m | €0.03m | €0.007m | ▼ 77.7% |
| Profit (loss) for the period9904 | €0.1m | €0.03m | €0.9m | €0.05m | €0.06m | €0.08m | €0.2m | €0.006m | ▼ 97.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.09m | €0.09m | €0 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.04m | €0.04m | €0.04m | €0.2m | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.2m | €0.8m | €0.1m | €0.1m | €0.03m | €0.03m | €0.006m | ▼ 78.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €2.1m | €3.0m | €2.6m | €2.5m | €2.8m | €3.0m | €2.8m | ▼ 7.8% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.1m | €1.1m | €1.2m | €1.3m | €1.6m | €1.6m | ▼ 2.3% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.1m | €1.2m | €1.3m | €1.6m | €1.6m | ▼ 2.3% |
| Land and buildings22 | - | - | - | €1.1m | €1.2m | €1.3m | €1.0m | €0.9m | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €286 | €0 | €0.006m | - |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.02m | €0.01m | €0.009m | €0.006m | ▼ 34.9% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €0.6m | €0.6m | ▲ 0.2% |
| Financial fixed assets28 | €0.06m | €0.06m | €0 | - | - | - | - | - | - |
| Current assets29/58 | €0.8m | €0.9m | €1.8m | €1.5m | €1.4m | €1.4m | €1.4m | €1.2m | ▼ 14.1% |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €1.0m | €0.8m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 4.6% |
| Other amounts receivable41 | - | - | - | €0.8m | €0.7m | €0.7m | €0.6m | €0.6m | ▼ 4.6% |
| Current investments50/53 | €0.03m | €0.03m | €0.03m | €0 | €0.1m | €0.6m | €0.5m | €0.5m | ▲ 7.8% |
| Cash at bank and in hand54/58 | €0.3m | €0.5m | €0.8m | €0.7m | €0.5m | €0.1m | €0.2m | €0.04m | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.002m | €0.004m | €0.002m | €0.002m | ▲ 10.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €3.0m | €2.6m | €2.5m | €2.8m | €3.0m | €2.8m | ▼ 7.8% |
| Equity10/15 | €2.0m | €2.0m | €2.7m | €2.5m | €2.5m | €2.5m | €2.7m | €2.5m | ▼ 7.2% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €1.5m | €1.6m | €2.3m | €2.1m | €2.1m | €2.1m | €2.3m | €2.1m | ▼ 8.5% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.1m | €0.2m | €0.3m | €0.3m | = |
| Distributable reserves133 | - | - | - | €1.9m | €1.9m | €1.9m | €2.0m | €1.8m | ▼ 9.8% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.07m | €0.07m | = |
| Deferred taxes168 | - | - | - | - | - | - | €0.07m | €0.07m | = |
| Amounts payable17/49 | €0.1m | €0.08m | €0.2m | €0.1m | €0.04m | €0.2m | €0.2m | €0.1m | ▼ 19.2% |
| Amounts payable after more than one year17 | €0.04m | €0.006m | €0 | - | - | €0.1m | €0.1m | €0.07m | ▼ 37.6% |
| Financial debts170/4 | - | - | - | - | - | €0.1m | €0.1m | €0.06m | ▼ 38.8% |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €0.001m | - |
| Amounts payable within one year42/48 | €0.08m | €0.08m | €0.2m | €0.1m | €0.04m | €0.06m | €0.07m | €0.08m | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | €0.04m | €0.04m | €0.04m | ▲ 4.0% |
| Financial debts43 | - | - | - | €0.007m | €0.007m | €0.006m | €0.006m | €0.006m | ▲ 1.1% |
| Credit institutions430/8 | - | - | - | €0.007m | €0.007m | €0.006m | €0.006m | €0.006m | ▲ 1.1% |
| Trade debts44 | €0.002m | €0.006m | €0.005m | €0.02m | €470 | €0.002m | €0.01m | €398 | ▼ 96.3% |
| Suppliers440/4 | - | - | - | €0.02m | €470 | €0.002m | €0.01m | €398 | ▼ 96.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.02m | €0.005m | €0.02m | €0.01m | ▼ 24.0% |
| Taxes450/3 | - | - | - | €0.06m | €0.02m | €0.005m | €0.02m | €0.01m | ▼ 24.0% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.01m | €0.01m | €1 | €0.02m | ▲ 23,272× |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.007m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120,213 | €29,555 | €893,656 | €49,743 | €62,638 | €75,100 | €223,722 | €5,657 | ▼ 97.5% |
| + Depreciation and write-downs630 | €41,084 | €41,167 | €42,943 | €48,379 | €50,834 | €55,836 | €45,338 | €45,244 | ▼ 0.2% |
| Operating cash flow (approximation) | €161,297 | €70,722 | €936,599 | €98,122 | €113,473 | €130,936 | €269,059 | €50,901 | ▼ 81.1% |
| Investment in fixed assets (approximation) | - | -€657 | €39,876 | -€16,457 | -€115,562 | -€230,338 | -€314,789 | -€7,423 | ▲ 97.6% |
| Change in cash | - | €157,303 | €321,920 | -€152,421 | -€153,042 | -€387,987 | €114,373 | -€203,832 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00195534 |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00121840 |
| 31-12-2023 | micro format | 05-06-2024 | 2024-00113623 |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00168653 |
| 31-12-2021 | micro format | 10-06-2022 | 2022-20056052 |
| 31-12-2020 | micro format | 26-05-2021 | 2021-15800557 |
| 31-12-2019 | micro format | 18-06-2020 | 2020-18300114 |
| 31-12-2018 | full format | 05-08-2019 | 2019-44500154 |
| 31-12-2017 | full format | 16-08-2018 | 2018-46600411 |
| 31-12-2016 | micro format | 28-07-2017 | 2017-40300501 |
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Of the 12,071 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,208. 3,461 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
under verification, no change since 2023
This board is reconstructed from a single act (23362159). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 2
MULLER Françoise
CurrentSuccesseur de l'administrateur unique · since 27-06-2023
VAN VAERENBERG Christian
CurrentSole director · since 27-06-2023
Day-to-day management 1
VAN VAERENBERG Frédéric
CurrentManaging director · since 27-06-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
3 people since 2023, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| MULLER Françoise |
|
| VAN VAERENBERG Christian |
|
| VAN VAERENBERG Frédéric |
|
Owners and capital
Capital and shareholders
Capital over the years
- 27-06-2023 Capital stated in the deed · €131,000 · 3,000 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial
Weakest financial yearnet €5,657 ▼97.5%
Net result drops to €5,657, the lowest in the series.
04-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
05-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
28-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
27-06
Gazette deed
Appointments: VAN VAERENBERG Christian, MULLER Françoise and VAN VAERENBERG FrédéricResignations: VAN VAERENBERG Christian (statutory manager) and MULLER Françoise (statutory manager) · Legal-form conversion · Amendment of the articles17 facts ▸
Gazette deed
Appointments: VAN VAERENBERG Christian, MULLER Françoise and VAN VAERENBERG Frédéric
Resignations: VAN VAERENBERG Christian (statutory manager) and MULLER Françoise (statutory manager) · Legal-form conversion · Amendment of the articles17 facts ▸
- General meeting, “1470 Genappe,Avenue des Dauphins,23, assemblée générale extraordinaire des actionnaires” (deed in French)
- Other provision, “adaptation statuts au CSA, adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Legal-form conversion, “société anonyme” (deed in French)
- Amendment of the articles
- Other provision, “engagements antérieurs à l’opposabilité aux tiers du présent acte, responsabilité associés commandités antérieure” (deed in French)
- Capital, €131,000
- Director appointment, VAN VAERENBERG Christian (sole director)
- Director appointment, MULLER Françoise (successeur de l'administrateur unique)
- Director resignation, VAN VAERENBERG Christian (statutory manager)
- Director resignation, MULLER Françoise (statutory manager)
- Director discharge, VAN VAERENBERG Christian
- Director discharge, MULLER Françoise
- +5 further facts in this act
2022
31-12
Financial
Liquidity more than doubledcurrent ratio 35.59
Current ratio from 15.65 to 35.59; short-term debt falls from €97,993 to €38,485.
10-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
26-05
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Highest result from 2018 to 2025net €893,656 ▲2,924%
Operating result €957,725, net result €893,656, both a record.
31-12
Financial
Equity above €2mequity €2.7m ▲37.6%
A profit in every financial year since 2018 builds equity to €2.7m.
18-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
Show earlier events
2019
05-08
NBB filing
Annual accounts filed
financial year 2018 · full format · 5 days late
2018
16-08
NBB filing
Annual accounts filed
financial year 2017 · full format · 16 days late
2017
28-07
NBB filing
Annual accounts filed
financial year 2016 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 31 annual accounts filed, the latest 10 are here; all 31 are under Financials.
1 of 1 deed read
Register details
Identification
Legal formPublic limited company
Founded17-07-1995
Financial year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455720945
Also
9925:BE0455720945
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
54930001DW15R552X133
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 1995
Ground area
3,602 m²
Building footprint
839 m²
Building volume
5,358 m³
2 parcels, Wallonia · tallest building 8.7 m. Linked by address, not a title deed.
1 establishment unit
SALON MARKET USICO MEUBLES
since 1995unit no. 2.072.618.893
2 parcels
Wallonia
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52502C0041/00W003 | Wallonia | 1,815 m² | 1 · 687 m² | 8.7 m · 2 |
| 25003M0248/00P000 | Wallonia | 1,787 m² | 1 · 152 m² | 7.9 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FRAMIMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Faire constater authentiquement la modification statutaire, Région wallonne” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16: Représentation de la société Tous les actes qui engagent la société, en justice et dans tous les actes, sont valables s’ils sont…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, administrateur unique” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Monday of May at 11:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidation par administrateur unique en fonction, assemblée générale” (deed in French)“Assemblée générale en décide autrement à majorité des voix, toutes opérations prévues par loi” (deed in French)