Checked.be
Active
BE 0460.251.934Private limited company (pre-2019)
FRANCO
Blekkenbergstraat 26 ·3570 Alken, Belgium· 29 yrs active
Sector: Nutrition and dietetics services
(86995)
Conclusion
FRANCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-13k) and a net result of €-60k. Equity is shrinking by ~52.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 16012 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-13k |
| Net result | €-60k |
| Better than sector | 5% |
| Active | 29 yrs |
Financial profile
54
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
7
Profitability
100
Solvency
33
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
7
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
83
2022
32
2023
35
2024
7
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.48 (< 1.0)
-10
Quick ratio
Quick ratio 0.48 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 456% (≥ 10%)
+10
Interest coverage
Interest coverage -19.3× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-01-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~52.8%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 86, Human health activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -5.3% | 63.4% | |
| Net result | €-60k | €62k | |
| Equity | €-13k | €132k | |
| Gross operating margin | €-5k | €116k | |
| Total assets | €249k | €286k |
€-42k
-516.7%
22-25
€-60k
-152.3%
22-25
€-55k
-201.0%
22-25
€249k
-20.2%
22-25
€-13k
-
22-25
€-56k
-
22-25
€10k
+4.1%
22-25
€262k
-1.1%
22-25
€109k
+27.6%
22-25
€153k
-14.8%
22-25
0.48
-54.3%
22-25
0.48
-54.3%
22-25
-5.3%
-
22-25
-19.91
-
22-25
456.2%
-
22-25
-24.1%
-216.2%
22-25
-19.29
-326.4%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-42k | €-7k | €-11k | €58k |
| Net profit | €-60k | €-24k | €-26k | €28k |
| Cash flow | €-55k | €-18k | €-19k | €34k |
| Staff costs | - | - | - | - |
| Income taxes | €10k | €10k | €7k | €23k |
| Dividends | - | - | - | - |
| Total assets | €249k | €311k | €329k | €373k |
| Equity | €-13k | €47k | €71k | €96k |
| Debt | €262k | €265k | €258k | €277k |
| of which ≤ 1y | €109k | €85k | €53k | €48k |
| of which > 1y | €153k | €179k | €204k | €228k |
| Working capital | €-56k | €5k | €29k | €65k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.48 | 1.06 | 1.55 | 2.36 |
| Quick ratio | 0.48 | 1.06 | 1.55 | 2.36 |
| Working capital ratio | -22.7% | 1.5% | 9.0% | 17.5% |
| Solvency | -5.3% | 15.0% | 21.5% | 25.8% |
| Debt / equity | -19.91 | 5.65 | 3.66 | 2.88 |
| Long-term debt ratio | -11.62 | 3.83 | 2.90 | 2.38 |
| Interest coverage | -19.29 | -4.52 | -6.93 | 57.74 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -24.1% | -7.6% | -7.8% | 7.4% |
| ROE | 456.2% | -50.8% | -36.2% | 28.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €249k | €311k | €329k | €373k |
| Fixed assets | 21/28 | €196k | €221k | €246k | €260k |
| Tangible fixed assets | 22/27 | €196k | €221k | €246k | €260k |
| Current assets | 29/58 | €53k | €90k | €83k | €114k |
| Amounts receivable within one year | 40/41 | €3k | €6k | €26k | €479 |
| Investments | 50/53 | €50k | €50k | €50k | €50k |
| Cash & bank | 54/58 | €23 | €35k | €6k | €64k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €249k | €311k | €329k | €373k |
| Equity | 10/15 | €-13k | €47k | €71k | €96k |
| Contributions / capital | 10/11 | €11k | €11k | €11k | €11k |
| Reserves | 13 | €30k | €36k | €59k | €85k |
| Accumulated profits (losses) | 14 | €-54k | - | - | - |
| Amounts payable | 17/49 | €262k | €265k | €258k | €277k |
| Amounts payable after one year | 17 | €153k | €179k | €204k | €228k |
| Amounts payable within one year | 42/48 | €109k | €85k | €53k | €48k |
| Trade debts payable within one year | 44 | €267 | €2k | €1k | €1k |
| Income statement | |||||
| Gross operating margin | 9900 | €-5k | €30k | €26k | €88k |
| Operating result | 9901 | €-48k | €-12k | €-18k | €51k |
| Financial income | 75 | €28 | €25 | €182 | €2 |
| Financial charges | 65 | €2k | €2k | €2k | €999 |
| Result before taxes | 9903 | €-50k | €-14k | €-19k | €50k |
| Income taxes | 67/77 | €10k | €10k | €7k | €23k |
| Net result for the period | 9904 | €-60k | €-24k | €-26k | €28k |
| Result to be appropriated | 9905 | €-60k | €-24k | €-26k | €28k |
Legal Structure
| NACE primary | Nutrition and dietetics services(86995) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 20-03-1997 |
| Status | Active |
| Postal code | 3570 |
Establishment units
Blekkenbergstraat 26, 3570 Alken
since 20002.081.546.853
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001A0077/00C000 | Flanders | 1,729 m² | 1 · 213 m² | 6.5 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
01-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Human health activities86909Nutrition and dietetics services86995Business and other management consultancy70200Business consulting70220
Names & trade names
| Legal nameNL | FRANCO |
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