FRANCI
ActiveSummary
FRANCI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,480 and a net result of €4,567. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency35▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
31 d late
2023
20 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
92 d late
← 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 34 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,480
2024 · -€2,087
Total assets
€23,841▼ 18.6%
2024 · €29,284
Net result
€4,567▼ 63.2%
2024 · €12,400
Working capital
-€2,000
2024 · €433
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
Line20212022202320242025
Operating result€6,703▲ 46.3%€609▼ 90.9%€4,637▲ 661%€16,520▲ 256%€8,588▼ 48.0%
Net result€5,247▲ 84.5%-€1,079€2,689€12,400▲ 361%€4,567▼ 63.2%
Equity-€16,097▲ 24.6%-€17,176▼ 6.7%-€14,487▲ 15.7%-€2,087▲ 85.6%€2,480
Total assets€30,100▼ 18.7%€25,471▼ 15.4%€28,746▲ 12.9%€29,284▲ 1.9%€23,841▼ 18.6%
Debt€46,197▼ 20.9%€42,647▼ 7.7%€43,233▲ 1.4%€31,371▼ 27.4%€21,361▼ 31.9%
Working capital-€27,464▲ 17.1%-€25,615▲ 6.7%-€15,620▲ 39.0%€433-€2,000
Staff (FTE)5.4▼ 1.8%8.3▲ 53.7%8.3=7.5▼ 9.6%6.2▼ 17.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,841
Fixed assets
€4,480 =
Current assets
€19,361 ▼ 21.9%
Equity and liabilities €23,841
Equity
€2,480
Debt
€21,361
Debt finances 89.6% of the balance-sheet total.
Key figures and ratios
Current ratio
0.91▼
2024 · 1.02
Quick ratio
0.79▲
2024 · 0.76
Debt to equity
8.61▲
2024 · -15.03
ROE
184.2%
ROA
19.2%▼
2024 · 42.3%
Debt ≤ 1 year
€21,361▼
2024 · €24,371
Debt > 1 year
€0▼
2024 · €7,000
Income taxes
€2,650▼
2024 · €2,735
Staff costs
€28,933▼
2024 · €31,545
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 3,811 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11,223 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €19,651 | €26,725 | €29,281 | €31,545 | €28,933 | ▼ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,506 | €7,506 | €7,306 | €0 | - | - |
| Other operating charges640/8 | €2,990 | €2,986 | €2,955 | €2,394 | €7,787 | ▲ 225% |
| Non-recurring operating charges66A | €977 | €0 | - | - | - | - |
| Gross operating margin9900 | €37,827 | €37,826 | €44,179 | €50,460 | €45,308 | ▼ 10.2% |
| Operating profit (loss)9901 | €6,703 | €609 | €4,637 | €16,520 | €8,588 | ▼ 48.0% |
| Financial income75/76B | €563 | €0 | €203 | €0 | €375 | - |
| Recurring financial income75 | €563 | €0 | €203 | €0 | €375 | - |
| Financial charges65/66B | €1,710 | €1,356 | €1,443 | €1,385 | €1,745 | ▲ 25.9% |
| Recurring financial charges65 | €1,710 | €1,356 | €1,443 | €1,385 | €1,745 | ▲ 25.9% |
| Profit (loss) for the period before taxes9903 | €5,556 | -€747 | €3,396 | €15,135 | €7,218 | ▼ 52.3% |
| Income taxes67/77 | €309 | €332 | €707 | €2,735 | €2,650 | ▼ 3.1% |
| Profit (loss) for the period9904 | €5,247 | -€1,079 | €2,689 | €12,400 | €4,567 | ▼ 63.2% |
| Profit (loss) for the period to be appropriated9905 | €5,247 | -€1,079 | €2,689 | €12,400 | €4,567 | ▼ 63.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,100 | €25,471 | €28,746 | €29,284 | €23,841 | ▼ 18.6% |
| Fixed assets21/28 | €22,944 | €15,439 | €8,133 | €4,480 | €4,480 | = |
| Tangible fixed assets22/27 | €18,464 | €10,959 | €3,653 | €0 | - | - |
| Plant, machinery and equipment23 | €200 | €0 | - | - | - | - |
| Furniture and vehicles24 | €18,264 | €10,959 | €3,653 | €0 | - | - |
| Other tangible fixed assets26 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €4,480 | €4,480 | €4,480 | €4,480 | €4,480 | = |
| Current assets29/58 | €7,155 | €10,032 | €20,613 | €24,804 | €19,361 | ▼ 21.9% |
| Stocks and contracts in progress3 | €1,100 | €5,675 | €6,245 | €6,318 | €2,489 | ▼ 60.6% |
| Stocks30/36 | €1,100 | €5,675 | €6,245 | €6,318 | €2,489 | ▼ 60.6% |
| Amounts receivable within one year40/41 | €4,505 | €1,182 | €13,351 | €17,639 | €16,471 | ▼ 6.6% |
| Trade receivables40 | €3,415 | €1,182 | €13,351 | €17,639 | €506 | ▼ 97.1% |
| Other amounts receivable41 | €1,089 | €0 | - | - | €15,964 | - |
| Cash at bank and in hand54/58 | €1,456 | €3,078 | €103 | €374 | €17 | ▼ 95.6% |
| Deferred charges and accrued income490/1 | €95 | €97 | €914 | €473 | €385 | ▼ 18.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,100 | €25,471 | €28,746 | €29,284 | €23,841 | ▼ 18.6% |
| Equity10/15 | -€16,097 | -€17,176 | -€14,487 | -€2,087 | €2,480 | ▲ 219% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€34,697 | -€35,776 | -€33,087 | -€20,687 | -€16,120 | ▲ 22.1% |
| Amounts payable17/49 | €46,197 | €42,647 | €43,233 | €31,371 | €21,361 | ▼ 31.9% |
| Amounts payable after more than one year17 | €11,577 | €7,000 | €7,000 | €7,000 | €0 | ▼ 100% |
| Financial debts170/4 | €4,577 | €0 | - | - | - | - |
| Other amounts payable178/9 | €7,000 | €7,000 | €7,000 | €7,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €34,620 | €35,647 | €36,233 | €24,371 | €21,361 | ▼ 12.4% |
| Current portion of amounts payable after more than one year42 | €7,728 | €4,577 | €0 | - | - | - |
| Financial debts43 | €4,231 | €5,278 | €3,940 | €5,281 | €5,443 | ▲ 3.1% |
| Credit institutions430/8 | €4,231 | €5,278 | €3,940 | €5,281 | €5,443 | ▲ 3.1% |
| Trade debts44 | €5,035 | €10,845 | €14,132 | €9,277 | €6,937 | ▼ 25.2% |
| Suppliers440/4 | €5,035 | €10,845 | €14,132 | €9,277 | €6,937 | ▼ 25.2% |
| Taxes, remuneration and social security45 | €2,390 | €4,622 | €8,358 | €7,637 | €8,980 | ▲ 17.6% |
| Taxes450/3 | €483 | €2,724 | €4,715 | €5,516 | €5,898 | ▲ 6.9% |
| Remuneration and social security454/9 | €1,906 | €1,898 | €3,643 | €2,121 | €3,082 | ▲ 45.3% |
| Other amounts payable47/48 | €15,236 | €10,324 | €9,802 | €2,176 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,247 | -€1,079 | €2,689 | €12,400 | €4,567 | ▼ 63.2% |
| + Depreciation and write-downs630 | €7,506 | €7,506 | €7,306 | €0 | - | - |
| Operating cash flow (approximation) | €12,753 | €6,427 | €9,994 | €12,400 | €4,567 | ▼ 63.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €3,653 | €0 | ▼ 100% |
| Change in cash | - | €1,623 | -€2,975 | €271 | -€358 | ▼ 232% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
27-03
State Gazette act
Resignations: Françoise Merckx (director) and Peter Moerman (director)Appointments: Igor van den Berg (director) and Delphine Van de Vijver (director) · Mandate compensation · Power of attorney8 facts ▸
State Gazette act
Resignations: Françoise Merckx (director) and Peter Moerman (director)
Appointments: Igor van den Berg (director) and Delphine Van de Vijver (director) · Mandate compensation · Power of attorney8 facts ▸
- General meeting, 09/03/2026
- Director resignation, Françoise Merckx (director)
- Director resignation, Peter Moerman (director)
- Director appointment, Igor van den Berg (director)
- Director appointment, Delphine Van de Vijver (director)
- Mandate compensation, Igor van den Berg
- Mandate compensation, Delphine Van de Vijver
- Power of attorney, Certifisc BV
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €12,400 ▲361%
Operating result €16,520, net result €12,400, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Back to profitnet €2,689
Net result €2,689 after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €2,844
Net result €2,844 after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Delphine Van de Vijver
CurrentDirector · since 09-03-2026
Igor van den Berg
CurrentDirector · since 09-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zwalm · 1 establishment unit since 2004
Ground area
1,313 m²
Building footprint
308 m²
Volume, LiDAR
1,588 m³
Parcel 45001A0382/00N000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Klokke
since 20042.142.372.583
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45001A0382/00N000 | Flanders | 1,313 m² | 1 · 308 m² | 8.8 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.
Mandate history
4 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Delphine Van de Vijver |
|
| Igor van den Berg |
|
| Françoise Merckx |
|
| MOERMAN Peter |
|
Structure & 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
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Food safety, FASFC
1 siteZwalm2.142.372.583
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 3,244 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867295707
Also
9925:BE0867295707
Registered
03-08-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.