FRAMO
ActiveFrom the official registers: KBO 30 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
FRAMO has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,090 and a net result of €149. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 39% of 13,716 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, micro format
2025 annual accounts filed 12 days after the deadline Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394102.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 12-08-2026
- Format
- micro format
- Reference
- 2026-00394102
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 98% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 3,984 companies had the same profile as FRAMO has now. Two years later, 1.1% had gone bankrupt and 96.5% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FRAMO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,445 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 3,984 companies, not a prediction for FRAMO. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €223 | €1,252 | €1,732 | €3,053 | ▲ 76.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €264 | €3,325 | - | - |
| Other operating charges640/8 | - | - | - | €348 | €370 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€1,067 | -€5,104 | -€9,767 | -€19,183 | €3,068 | €13,217 | €20,404 | €3,703 | ▼ 81.9% |
| Operating profit (loss)9901 | -€1,414 | -€5,466 | -€10,115 | -€19,530 | €2,475 | €11,316 | €14,960 | €250 | ▼ 98.3% |
| Recurring financial income75 | €128 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €53 | €235 | €70 | €74 | €87 | ▲ 17.3% |
| Recurring financial charges65 | €24 | €38 | €30 | €53 | €235 | €70 | €74 | €87 | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | -€401 | -€5,504 | -€10,145 | -€19,583 | €2,239 | €11,246 | €14,886 | €164 | ▼ 98.9% |
| Income taxes67/77 | - | - | - | - | - | - | €135 | €15 | ▼ 89.0% |
| Profit (loss) for the period9904 | -€401 | -€5,504 | -€10,145 | -€19,583 | €2,239 | €11,246 | €14,751 | €149 | ▼ 99.0% |
| Profit (loss) for the period to be appropriated9905 | -€401 | -€5,504 | -€10,145 | -€19,583 | €2,239 | €11,246 | €14,751 | €149 | ▼ 99.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €25,620 | €26,379 | €29,570 | €38,556 | €53,562 | €47,372 | €67,419 | €75,050 | ▲ 11.3% |
| Fixed assets21/28 | - | - | - | - | €782 | €7,412 | €13,530 | €23,150 | ▲ 71.1% |
| Tangible fixed assets22/27 | - | - | - | - | €782 | €7,412 | €13,530 | €23,150 | ▲ 71.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | €4,001 | €11,156 | €21,608 | ▲ 93.7% |
| Furniture and vehicles24 | - | - | - | - | €782 | €3,412 | €2,374 | €1,542 | ▼ 35.1% |
| Current assets29/58 | €25,620 | €26,379 | €29,570 | €38,556 | €52,780 | €39,959 | €53,888 | €51,901 | ▼ 3.7% |
| Stocks and contracts in progress3 | - | - | - | €4,299 | €7,430 | €12,811 | €14,660 | €10,266 | ▼ 30.0% |
| Stocks30/36 | - | - | - | €4,299 | €7,430 | €12,811 | €14,660 | €10,266 | ▼ 30.0% |
| Amounts receivable within one year40/41 | €3,828 | €8,364 | €5,991 | €7,585 | €8,702 | €5,303 | €6,031 | €3,561 | ▼ 40.9% |
| Trade receivables40 | - | - | - | €6,987 | €8,702 | €5,303 | €6,031 | €3,561 | ▼ 40.9% |
| Other amounts receivable41 | - | - | - | €598 | - | - | - | - | - |
| Current investments50/53 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Cash at bank and in hand54/58 | €9,129 | €4,906 | €10,669 | €7,992 | €12,227 | €8,960 | €21,098 | €23,238 | ▲ 10.1% |
| Deferred charges and accrued income490/1 | - | - | - | €8,679 | €14,422 | €2,885 | €2,100 | €4,835 | ▲ 130% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €25,620 | €26,379 | €29,570 | €38,556 | €53,562 | €47,372 | €67,419 | €75,050 | ▲ 11.3% |
| Equity10/15 | €7,036 | €1,532 | -€8,613 | -€28,196 | -€6,056 | €5,191 | €19,941 | €20,090 | ▲ 0.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Contributions outside capital11 | - | - | - | €18,592 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,592 | - | - | - | - | - |
| Reserves13 | - | - | - | - | - | - | €1,349 | €1,498 | ▲ 11.0% |
| Distributable reserves133 | - | - | - | - | - | - | €1,349 | €1,498 | ▲ 11.0% |
| Profit (loss) carried forward14 | -€11,556 | -€17,060 | -€27,205 | -€46,788 | -€24,648 | -€13,402 | - | - | - |
| Amounts payable17/49 | €18,584 | €24,848 | €38,183 | €66,752 | €59,617 | €42,181 | €47,477 | €54,960 | ▲ 15.8% |
| Amounts payable within one year42/48 | €13,754 | €20,898 | €34,283 | €64,252 | €57,617 | €36,181 | €36,977 | €38,960 | ▲ 5.4% |
| Trade debts44 | €53 | €54 | €235 | €2,090 | €11,460 | €387 | €5,793 | €2,361 | ▼ 59.3% |
| Suppliers440/4 | - | - | - | €2,090 | €11,460 | €387 | €5,793 | €2,361 | ▼ 59.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €1,798 | €1,348 | €1,419 | €406 | ▼ 71.4% |
| Taxes450/3 | - | - | - | - | €1,798 | €1,348 | €1,419 | €406 | ▼ 71.4% |
| Other amounts payable47/48 | - | - | - | €62,163 | €44,359 | €34,446 | €29,765 | €36,193 | ▲ 21.6% |
| Accrued charges and deferred income492/3 | - | - | - | €2,500 | €2,000 | €6,000 | €10,500 | €16,000 | ▲ 52.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€401 | -€5,504 | -€10,145 | -€19,583 | €2,239 | €11,246 | €14,751 | €149 | ▼ 99.0% |
| + Depreciation and write-downs630 | - | - | - | - | €223 | €1,252 | €1,732 | €3,053 | ▲ 76.3% |
| Operating cash flow (approximation) | -€401 | -€5,504 | -€10,145 | -€19,583 | €2,463 | €12,498 | €16,483 | €3,202 | ▼ 80.6% |
| Investment in fixed assets (approximation) | - | - | - | - | - | -€7,883 | -€7,850 | -€12,672 | ▼ 61.4% |
| Change in cash | - | -€4,223 | €5,763 | -€2,677 | €4,234 | -€3,266 | €12,137 | €2,140 | ▼ 82.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-08-2026 | 2026-00394102 | NBB |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00527989 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00309575 | |
| 31-12-2022 | micro format | 28-10-2023 | 2023-00495560 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20399746 | |
| 31-12-2020 | micro format | 31-07-2021 | 2021-45400282 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73600510 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42400273 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41700354 | |
| 31-12-2016 | micro format | 11-08-2017 | 2017-43500481 |
Comparable companies
These companies have the same main activity as FRAMO: agents in the wholesale of furniture, household goods and hardware (NACE 46150). They are comparable in size and age: total assets between €64,400 and €157,000, founded between 1984 and 2006.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| FRAMO Opwijk | 1996 | €75,050 | €20,090 | €3,703 | €149 | 2025 |
| LIGHT BLUE Kluisbergen | 1990 | €98,889 | €72,761 | €2,991 | -€19,224 | 2025 |
| COSMO-LINE Beringen | 2003 | €78,040 | €18,399 | €2,442 | €194 | 2026 |
| Qualpro Asse | 1984 | €64,367 | €30,599 | €5,293 | €117 | 2025 |
| JerHôme Keerbergen | 2003 | €88,417 | €77,129 | €1,770 | -€4,126 | 2025 |
| The Flow Ellezelles | 1995 | €156,724 | €127,328 | €5,397 | €1,000 | 2025 |
| CMK Elsene | 2006 | €71,003 | €71,003 | €6,735 | €4,503 | 2025 |
They were chosen from the 776 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.