FRAMON
ActiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 28-08-2026 at the NBB all 36 filings
Every figure per financial year
The operating result for 2026 is a loss of €5,930, larger than the loss of €1,015 in 2025. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 28-02-2022 | 28-02-2023 | 29-02-2024 | 28-02-2025 | 28-02-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,426 | €12,796 | - | - |
| Depreciation and write-downs of the year | - | €492 | €925 | €1,822 | €1,822 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €713 | €713 | - | - | €492 | €925 | €1,822 | €1,822 | = |
| Other operating charges640/8 | - | - | - | €3,113 | €3,080 | €3,379 | €3,634 | €3,614 | ▼ 0.6% |
| Gross operating margin9900 | €6,664 | €5,638 | €5,752 | €2,999 | €1,362 | €2,746 | €4,441 | -€494 | - |
| Operating profit (loss)9901 | €3,221 | €1,956 | €2,757 | -€114 | -€2,210 | -€1,557 | -€1,015 | -€5,930 | ▼ 484% |
| Financial income75/76B | - | - | - | - | €1 | - | - | - | - |
| Recurring financial income75 | - | - | - | - | €1 | - | - | - | - |
| Financial charges65/66B | - | - | - | €120 | €151 | €130 | €132 | €145 | ▲ 9.4% |
| Recurring financial charges65 | €74 | €78 | €96 | €120 | €151 | €130 | €132 | €145 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | €3,147 | €1,878 | €2,661 | -€233 | -€2,360 | -€1,687 | -€1,148 | -€6,075 | ▼ 429% |
| Profit (loss) for the period9904 | €3,147 | €1,878 | €2,661 | -€233 | -€2,360 | -€1,687 | -€1,148 | -€6,075 | ▼ 429% |
| Profit (loss) for the period to be appropriated9905 | €3,147 | €1,878 | €2,661 | -€233 | -€2,360 | -€1,687 | -€1,148 | -€6,075 | ▼ 429% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €235,809 | €236,378 | €238,852 | €239,178 | €237,890 | €247,080 | €246,588 | €239,864 | ▼ 2.7% |
| Fixed assets21/28 | €219,638 | €218,925 | €218,925 | €218,925 | €223,859 | €235,730 | €233,908 | €232,086 | ▼ 0.8% |
| Tangible fixed assets22/27 | €219,638 | €218,925 | €218,925 | €218,925 | €223,859 | €235,730 | €233,908 | €232,086 | ▼ 0.8% |
| Land and buildings22 | - | - | - | €218,925 | €223,859 | €235,730 | €233,908 | €232,086 | ▼ 0.8% |
| Current assets29/58 | €16,171 | €17,453 | €19,926 | €20,253 | €14,030 | €11,349 | €12,680 | €7,778 | ▼ 38.7% |
| Cash at bank and in hand54/58 | €16,171 | €17,453 | €19,926 | €20,253 | €13,477 | €10,768 | €12,099 | €7,778 | ▼ 35.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €553 | €581 | €581 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €235,809 | €236,378 | €238,852 | €239,178 | €237,890 | €247,080 | €246,588 | €239,864 | ▼ 2.7% |
| Equity10/15 | €233,281 | €235,159 | €237,821 | €237,587 | €235,228 | €233,541 | €232,393 | €226,318 | ▼ 2.6% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | - | - | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | - | - | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Revaluation surpluses12 | - | - | - | €159,431 | €159,431 | €159,431 | €159,431 | €159,431 | = |
| Reserves13 | €12,085 | €12,085 | €12,085 | €12,085 | €12,085 | €12,085 | €12,085 | €12,085 | = |
| Non-distributable reserves130/1 | - | - | - | €12,085 | €12,085 | €12,085 | €12,085 | €12,085 | = |
| Legal reserve130 | - | - | - | €12,085 | €12,085 | €12,085 | €12,085 | €12,085 | = |
| Profit (loss) carried forward14 | -€88,235 | -€86,357 | -€83,695 | -€83,929 | -€86,288 | -€87,975 | -€89,123 | -€95,198 | ▼ 6.8% |
| Amounts payable17/49 | €2,528 | €1,219 | €1,031 | €1,591 | €2,662 | €13,538 | €14,195 | €13,545 | ▼ 4.6% |
| Amounts payable within one year42/48 | €2,528 | €1,219 | €1,031 | €1,591 | €2,662 | €13,538 | €14,195 | €13,545 | ▼ 4.6% |
| Trade debts44 | €101 | - | €95 | - | €264 | €1,398 | €1,332 | - | - |
| Suppliers440/4 | - | - | - | - | €264 | €1,398 | €1,332 | - | - |
| Other amounts payable47/48 | - | - | - | €1,591 | €2,398 | €12,140 | €12,863 | €13,545 | ▲ 5.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,147 | €1,878 | €2,661 | -€233 | -€2,360 | -€1,687 | -€1,148 | -€6,075 | ▼ 429% |
| + Depreciation and write-downs630 | €713 | €713 | - | - | €492 | €925 | €1,822 | €1,822 | = |
| Operating cash flow (approximation) | €3,860 | €2,591 | €2,661 | -€233 | -€1,867 | -€762 | €674 | -€4,253 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€5,426 | -€12,796 | €0 | €0 | - |
| Change in cash | - | €1,282 | €2,473 | €327 | -€6,776 | -€2,709 | €1,331 | -€4,321 | - |
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, 12,322 companies had the same profile as FRAMON has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FRAMON itself: 0.3% 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 12,322 companies, not a prediction for FRAMON. 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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 28-02-2026 | abbreviated format | 28-08-2026 | 2026-00443305 | |
| 28-02-2025 | micro format | 28-10-2025 | 2025-00550979 | |
| 29-02-2024 | micro format | 29-10-2024 | 2024-00517497 | |
| 28-02-2023 | micro format | 29-09-2023 | 2023-00459736 | |
| 28-02-2022 | micro format | 27-09-2022 | 2022-20436489 | |
| 28-02-2021 | micro format | 30-08-2021 | 2021-57600174 | |
| 29-02-2020 | micro format | 30-10-2020 | 2020-66700539 | |
| 28-02-2019 | micro format | 13-11-2019 | 2019-73600347 | |
| 28-02-2018 | micro format | 25-10-2018 | 2018-70300586 | |
| 28-02-2017 | micro format | 12-10-2017 | 2017-67100164 |