FRANCESCO
Judicial reorganisationThe file of FRANCESCO contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €57k and a net result of €-87k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 8072 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency42▼-33
Growth32=
Stability60
Credit verdict
No credit on open account
Liquidity ample (current ratio 4.42 against 3.47 in 2023), but 87.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€87k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8072 sector peers (2024).
NBB · sector comparisonPosition among 8072 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
34 d early
2022
31 d late
2021
60 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€57k▼ 60.3%
2023 · €144k
2018: €147k
2019: €162k
2020: €172k
2021: €149k
2022: €146k
2023: €144k
2018 → 2024
Total assets
€465k▲ 7.7%
2023 · €432k
2018: €540k
2019: €534k
2020: €542k
2021: €487k
2022: €452k
2023: €432k
2018 → 2024
Net result
€-87k▼ 6,514%
2023 · €-1k
2018: €7k
2019: €15k
2020: €10k
2021: €-23k
2022: €-3k
2023: €-1k
2018 → 2024
Working capital
€95k▲ 2.6%
2023 · €93k
2018: €26k
2019: €46k
2020: €94k
2021: €82k
2022: €91k
2023: €93k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€172k-€149k▼ 13.5%€146k▼ 2.0%€144k▼ 0.9%€57k▼ 60.3%
Operating result€33k-€-14k€22k€20k▼ 7.4%€-26k
Net result€10k-€-23k€-3k▲ 87.1%€-1k▲ 55.8%€-87k▼ 6,514%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €26k after €20k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €465k
Fixed assets
€342k▲ 13.4%
Current assets
€123k▼ 5.7%
Equity and liabilities €465k
Equity
€57k▼ 60.3%
Debt
€408k▲ 41.8%
The debt ratio rises from 66.5% to 87.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-10k▼
2023 · €38k
Cash flow
€-71k▼
2023 · €17k
Solvency
12.3%▼
2023 · 33.5%
Current ratio
4.42▲
2023 · 3.47
Quick ratio
4.42▲
2023 · 3.47
Debt / equity
7.11▲
2023 · 1.99
ROE
-152.1%▼
2023 · -0.9%
ROA
-18.7%▼
2023 · -0.3%
Interest coverage
-0.16▼
2023 · 1.77
Debt
€408k▲
2023 · €287k
Debt ≤ 1 year
€28k▼
2023 · €38k
Debt > 1 year
€380k▲
2023 · €250k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€432k€465k▲
Fixed assets21/28€302k€342k▲
Tangible fixed assets22/27€302k€342k▲
Land and buildings22€302k€342k▲
Current assets29/58€130k€123k▼
Amounts receivable within one year40/41€130k€106k▼
Trade receivables40€189-
Other amounts receivable41€130k€106k▼
Current investments50/53€32€32=
Cash at bank and in hand54/58-€16k
Deferred charges and accrued income490/1-€549
Equity and liabilities
Total equity and liabilities10/49€432k€465k▲
Equity10/15€144k€57k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€222k€212k▼
Reserves13€206k€216k▲
Distributable reserves133€206k€216k▲
Profit (loss) carried forward14€-302k€-389k▼
Amounts payable17/49€287k€408k▲
Amounts payable after more than one year17€250k€380k▲
Financial debts170/4€250k€380k▲
Amounts payable within one year42/48€38k€28k▼
Current portion of amounts payable after more than one year42€22k€20k▼
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€7k-
Taxes450/3€7k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25k-
Other operating charges640/8€912€10k▲
Gross operating margin9900€64k€242▼
Operating profit (loss)9901€20k€-26k▼
Financial charges65/66B€22k€61k▲
Recurring financial charges65€22k€61k▲
Profit (loss) for the period before taxes9903€-1k€-87k▼
Profit (loss) for the period9904€-1k€-87k▼
Profit (loss) for the period to be appropriated9905€-1k€-87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-302k€-389k▼
Profit (loss) brought forward from the previous period14P€-301k€-302k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
20-04
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collectif · event 08-04-2022
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Highest result since 2018net €15k ▲109%
Operating result €52k, net result €15k, both a record.
31-12
Financial
Equity above €150kEq €162k ▲10.3%
2 profitable years in a row build equity to €162k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 66 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
12-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 43 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
Philippe Bodson
CurrentDirector · since 29-02-2024
29-02-2024
Philippe Bodson: Appointed as Director
29-02-2024
Marianne Vanderspikken: Resigned as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Voogdijstraat 293500 HasseltGround area
1,801 m²
Building footprint
1,763 m²
Volume, LiDAR
14,355 m³
2 parcels, Flanders · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
tre vini
since 19902.048.938.027
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0540/00P000 | Flanders | 1,071 m² | 1 · 1,379 m² | 8.0 m · 2 fl. |
| 71022H0492/00Z000 | Flanders | 731 m² | 1 · 384 m² | 16.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LAUWFINCO
BE 0818.425.226
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JTC CONSULTING
BE 0662.930.068
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A2 CONSULTANCE
BE 0745.457.767
Asse · Eq €57k
M6T
BE 0799.984.635
Kortrijk · Eq €57k
Phoenix Ventures
BE 0758.574.345
Gent · Eq €57k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 38,649 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-1990
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
46341Wholesale of wines and spirits
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Verslag bestuurders. Goedkeuring jaarrekening. Aanwending resultaat. Ontlasting bestuurders.