FRANCK PAPAZIAN CONSULTANTS
ActiveFRANCK PAPAZIAN CONSULTANTS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18.65M and a net result of €155k. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
86
/ 100
Excellent▲ +54 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▲+4
Solvency100▲+33
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.6M at 30 days acceptable
Liquidity ample (current ratio 2.28 against 0.46 in 2023), and 0.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.1%
Return on assets
0.8%
Age of the figures
20 mo
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-11-2025, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
102 d late
2023
112 d late
2022
290 d late
2021
23 d early
2020
125 d late
2019
490 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€155k
2023 · €-71k
2018: €62k
2019: €71k
2020: €2.74M
2021: €63k
2022: €66k
2023: €-71k
2018 → 2024
Working capital
€214k
2023 · €-70k
2018: €-228k
2019: €-154k
2020: €-222k
2021: €-174k
2022: €-25k
2023: €-70k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.62M-€3.69M▲ 1.7%€3.72M▲ 0.8%€3.64M▼ 1.9%€18.65M▲ 412%
Operating result€-15k-€91k€89k▼ 1.9%€-70k€181k
Net result€2.74M-€63k▼ 97.7%€66k▲ 5.6%€-71k€155k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €181k after a loss of €70k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18.83M
Fixed assets
€18.45M▲ 396%
Current assets
€381k▲ 529%
Equity and liabilities €18.83M
Equity
€18.65M▲ 412%
Debt
€172k▲ 27.3%
The debt ratio falls from 3.6% to 0.9%: equity grows faster than debt.
Key figures and ratios
Solvency
99.1%▲
2023 · 96.4%
Current ratio
2.28▲
2023 · 0.46
Quick ratio
2.28▲
2023 · 0.46
Debt / equity
0.01▼
2023 · 0.04
ROE
0.8%▲
2023 · -1.9%
ROA
0.8%▲
2023 · -1.9%
Debt
€172k▲
2023 · €135k
Debt ≤ 1 year
€168k▲
2023 · €131k
Income taxes
€41k
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€3.78M€18.83M▲
Fixed assets21/28€3.72M€18.45M▲
Financial fixed assets28€3.72M€18.45M▲
Current assets29/58€61k€381k▲
Amounts receivable within one year40/41€60k€341k▲
Trade receivables40-€240k
Other amounts receivable41€60k€101k▲
Cash at bank and in hand54/58€482€40k▲
Equity and liabilities
Total equity and liabilities10/49€3.78M€18.83M▲
Equity10/15€3.64M€18.65M▲
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Other1109/19€12k€12k=
Revaluation surpluses12-€15.16M
Reserves13€3.24M€3.24M=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€3.24M€3.24M=
Profit (loss) carried forward14€388k€236k▼
Amounts payable17/49€135k€172k▲
Amounts payable within one year42/48€131k€168k▲
Trade debts44€70k€3k▼
Suppliers440/4€70k€3k▼
Taxes, remuneration and social security45€56k€89k▲
Taxes450/3€56k€89k▲
Other amounts payable47/48€5k€76k▲
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20232024
Gross operating margin9900€-70k€181k▲
Operating profit (loss)9901€-70k€181k▲
Financial income75/76B-€20k
Recurring financial income75-€20k
Financial charges65/66B€270€4k▲
Recurring financial charges65€270€4k▲
Profit (loss) for the period before taxes9903€-71k€196k▲
Income taxes67/77-€41k
Profit (loss) for the period9904€-71k€155k▲
Profit (loss) for the period to be appropriated9905€-71k€155k▲
Appropriation of the result
Profit (loss) to be appropriated9906€388k€542k▲
Profit (loss) brought forward from the previous period14P€458k€388k▼
Profit to be distributed694/7-€306k
Return on contributions (dividend)694-€306k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 102 days late
2024
31-12
Financial
Back to profitnet €155k
Net result €155k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 2.28
Current ratio from 0.46 to 2.28.
31-12
Financial
Equity above €10MEq €18.65M ▲412%
Equity rises from €3.64M to €18.65M.
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 112 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 290 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
16-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 125 days late
2023
31-12
Financial
Weakest financial yearnet €-71k ▼206%
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 490 days late
2020
31-12
Financial
Highest result since 2018net €2.74M ▲3748%
Net result €2.74M, the highest in the series.
31-12
Financial
Equity above €2MEq €3.62M ▲310%
3 profitable years in a row build equity to €3.62M.
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel
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.
Waterloosesteenweg 9351180 UkkelGround area
2,705 m²
Building footprint
331 m²
Volume, LiDAR
1,732 m³
Parcel 21612C0118/00S000, Brussels · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0118/00S000 | Brussels | 2,705 m² | 1 · 331 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
PRIMINVEST.be
BE 0832.346.706
Fernelmont · Eq €18.69M
K & R Holding
BE 0750.750.009
Ternat · Eq €18.60M
FIBRACO
BE 0442.636.734
Nieuwpoort · Eq €18.72M
MAES MANAGEMENT & BUILDING
BE 0434.735.390
Zwevegem · Eq €18.72M
Brunchco 21
BE 0747.485.166
Brussel · Eq €18.58M
Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 4,252 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2006
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.