Franck Projects
ActiveSummary
The computed 12-month bankruptcy probability of Franck Projects is 1.9% (moderate). The 2025 annual accounts show equity of €125,378 and a net result of €15,235. Equity is growing by ~42.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 7930 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-13
Solvency92▲+13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 6.11 against 3.25 in 2024; short-term debt: 14.9% and cash: 41.8% of total assets), and 32.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
67.2%
Return on assets
8.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
7 d early
2024
22 d early
2023
1 d early
2022
23 d early
2021
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 21 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, abbreviated schema
Equity
€125,378▲ 13.8%
2024 · €110,143
Total assets
€186,619▼ 8.9%
2024 · €204,879
Net result
€15,235▼ 60.7%
2024 · €38,743
Working capital
€142,404▲ 13.4%
2024 · €125,578
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,482-€12,159▼ 64.7%€33,232▲ 173%€58,574▲ 76.3%€28,702▼ 51.0%
Net result€24,176within the sector's middle half-€11,802within the sector's middle half▼ 51.2%€25,423within the sector's middle half▲ 115%€38,743above the sector's middle half▲ 52.4%€15,235within the sector's middle half▼ 60.7%
Equity€34,176within the sector's middle half-€45,978within the sector's middle half▲ 34.5%€71,400within the sector's middle half▲ 55.3%€110,143within the sector's middle half▲ 54.3%€125,378within the sector's middle half▲ 13.8%
Total assets€95,418within the sector's middle half-€98,629within the sector's middle half▲ 3.4%€133,880within the sector's middle half▲ 35.7%€204,879within the sector's middle half▲ 53.0%€186,619below the sector's middle half▼ 8.9%
Debt€61,242-€52,651▼ 14.0%€62,479▲ 18.7%€94,736▲ 51.6%€61,242▼ 35.4%
Working capital€25,540within the sector's middle half-€39,611within the sector's middle half▲ 55.1%€84,931within the sector's middle half▲ 114%€125,578above the sector's middle half▲ 47.9%€142,404within the sector's middle half▲ 13.4%
Solvency35.8%within the sector's middle half-46.6%within the sector's middle half▲ 10.8pp53.3%within the sector's middle half▲ 6.7pp53.8%within the sector's middle half▲ 0.4pp67.2%above the sector's middle half▲ 13.4pp
Current ratio1.42within the sector's middle half-1.75within the sector's middle half▲ 0.345.63above the sector's middle half▲ 3.883.25within the sector's middle half▼ 2.386.11above the sector's middle half▲ 2.86
Return on assets (ROA)25.3%above the sector's middle half-12.0%within the sector's middle half▼ 13.4pp19.0%above the sector's middle half▲ 7.0pp18.9%above the sector's middle half▼ 0.1pp8.2%within the sector's middle half▼ 10.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 falls in 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,619
Fixed assets
€16,373 ▼ 30.3%
Current assets
€170,246 ▼ 6.1%
Equity and liabilities €186,619
Equity
€125,378 ▲ 13.8%
Debt
€61,242 ▼ 35.4%
Debt's share of the balance-sheet total falls from 46.2% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,820▼
2024 · €65,692
Cash flow
€22,352▼
2024 · €45,861
Quick ratio
4.31▲
2024 · 2.03
Debt to equity
0.49▼
2024 · 0.86
ROE
12.2%▼
2024 · 35.2%
Interest coverage
34.53▼
2024 · 47.53
Debt ≤ 1 year
€27,842▼
2024 · €55,810
Debt > 1 year
€33,400▼
2024 · €38,925
Income taxes
€12,497▼
2024 · €18,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% 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 497,662 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% | 1.7% |
| 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 75% 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 26,970 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,332 | €2,269 | €5,253 | €7,118 | €7,118 | = |
| Other operating charges640/8 | €652 | €599 | €752 | €858 | €661 | ▼ 23.0% |
| Non-recurring operating charges66A | - | €516 | - | - | - | - |
| Gross operating margin9900 | €37,467 | €15,543 | €39,237 | €66,550 | €36,481 | ▼ 45.2% |
| Operating profit (loss)9901 | €34,482 | €12,159 | €33,232 | €58,574 | €28,702 | ▼ 51.0% |
| Financial income75/76B | - | €42 | €161 | - | €66 | - |
| Recurring financial income75 | - | €42 | €161 | - | €66 | - |
| Financial charges65/66B | €307 | €3,106 | €953 | €1,382 | €1,037 | ▼ 24.9% |
| Recurring financial charges65 | €307 | €123 | €953 | €1,382 | €1,037 | ▼ 24.9% |
| Non-recurring financial charges66B | - | €2,983 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €34,176 | €9,095 | €32,439 | €57,192 | €27,731 | ▼ 51.5% |
| Income taxes67/77 | €10,000 | -€2,707 | €7,017 | €18,449 | €12,497 | ▼ 32.3% |
| Profit (loss) for the period9904 | €24,176 | €11,802 | €25,423 | €38,743 | €15,235 | ▼ 60.7% |
| Profit (loss) for the period to be appropriated9905 | €24,176 | €11,802 | €25,423 | €38,743 | €15,235 | ▼ 60.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,418 | €98,629 | €133,880 | €204,879 | €186,619 | ▼ 8.9% |
| Formation expenses20 | €609 | €273 | - | €0 | €0 | - |
| Fixed assets21/28 | €8,027 | €6,094 | €30,609 | €23,491 | €16,373 | ▼ 30.3% |
| Tangible fixed assets22/27 | €8,027 | €6,094 | €30,609 | €23,491 | €16,373 | ▼ 30.3% |
| Land and buildings22 | €7,313 | €6,094 | €4,875 | €3,656 | €2,438 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | - | €1,965 | €1,482 | €998 | ▼ 32.6% |
| Furniture and vehicles24 | €714 | - | €23,768 | €18,353 | €12,938 | ▼ 29.5% |
| Current assets29/58 | €86,783 | €92,262 | €103,271 | €181,388 | €170,246 | ▼ 6.1% |
| Stocks and contracts in progress3 | €9,875 | €28,925 | €70,335 | €68,165 | €50,315 | ▼ 26.2% |
| Stocks30/36 | €9,875 | €8,925 | €8,540 | €8,165 | €10,315 | ▲ 26.3% |
| Contracts in progress37 | - | €20,000 | €61,795 | €60,000 | €40,000 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €70,649 | €13,879 | €3,444 | €9,852 | €41,998 | ▲ 326% |
| Trade receivables40 | €63,451 | €9,842 | €3,212 | - | €36,899 | - |
| Other amounts receivable41 | €7,198 | €4,037 | €231 | €9,852 | €5,100 | ▼ 48.2% |
| Cash at bank and in hand54/58 | €6,258 | €49,458 | €29,493 | €103,371 | €77,933 | ▼ 24.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,418 | €98,629 | €133,880 | €204,879 | €186,619 | ▼ 8.9% |
| Equity10/15 | €34,176 | €45,978 | €71,400 | €110,143 | €125,378 | ▲ 13.8% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €24,176 | €35,978 | €61,400 | €100,143 | €115,378 | ▲ 15.2% |
| Amounts payable17/49 | €61,242 | €52,651 | €62,479 | €94,736 | €61,242 | ▼ 35.4% |
| Amounts payable after more than one year17 | - | - | €44,139 | €38,925 | €33,400 | ▼ 14.2% |
| Financial debts170/4 | - | - | €44,139 | €38,925 | €33,400 | ▼ 14.2% |
| Amounts payable within one year42/48 | €61,242 | €52,651 | €18,340 | €55,810 | €27,842 | ▼ 50.1% |
| Current portion of amounts payable after more than one year42 | €10,000 | - | €4,919 | €5,214 | €5,526 | ▲ 6.0% |
| Trade debts44 | €21,529 | €20,332 | €11,240 | €40,245 | €10,106 | ▼ 74.9% |
| Suppliers440/4 | €21,529 | €20,332 | €11,240 | €40,245 | €10,106 | ▼ 74.9% |
| Taxes, remuneration and social security45 | €1,930 | €1,900 | €2,181 | €2,043 | €2,059 | ▲ 0.8% |
| Remuneration and social security454/9 | €1,930 | €1,900 | €2,181 | €2,043 | €2,059 | ▲ 0.8% |
| Other amounts payable47/48 | €27,783 | €30,419 | - | €8,309 | €10,151 | ▲ 22.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,176 | €11,802 | €25,423 | €38,743 | €15,235 | ▼ 60.7% |
| + Depreciation and write-downs630 | €2,332 | €2,269 | €5,253 | €7,118 | €7,118 | = |
| Operating cash flow (approximation) | €26,508 | €14,071 | €30,676 | €45,861 | €22,352 | ▼ 51.3% |
| Investment in fixed assets (approximation) | - | -€336 | -€29,768 | €0 | €0 | - |
| Change in cash | - | €43,200 | -€19,966 | €73,878 | -€25,438 | ▼ 134% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2021net €38,743 ▲52.4%
Operating result €58,574, net result €38,743, both a record.
30-09
Financial
Equity above €100,000Eq €110,143 ▲54.3%
4 profitable years in a row build equity to €110,143.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 5.63
Current ratio from 1.75 to 5.63; short-term debt falls from €52,651 to €18,340.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €11,802 ▼51.2%
Net result drops to €11,802, the lowest in the series; recovery starts the following year.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Deinze · 1 establishment unit since 2020
Ground area
1,939 m²
Building footprint
188 m²
Volume, LiDAR
930 m³
Parcel 44069A0467/00C000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Franck Projects
since 20202.305.416.123
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44069A0467/00C000 | Flanders | 1,939 m² | 1 · 188 m² | 7.6 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,730 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
Founded24-07-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750991420
Also
9925:BE0750991420
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.