FRANCODAK
ActiveFRANCODAK has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €206k and a net result of €-40k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability26▼-17
Solvency33▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity short (current ratio 0.17 against 0.21 in 2023; short-term debt: 54.4% and cash: 0.6% of total assets), and 92.3% 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
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
Sector 43
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
7.7%
Return on assets
-1.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
34 d early
2021
32 d early
2020
36 d early
2019
42 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€206k▼ 16.3%
2023 · €247k
2018: €176k
2019: €128k
2020: €147k
2021: €167k
2022: €239k
2023: €247k
2018 → 2024
Total assets
€2.67M▲ 66.4%
2023 · €1.60M
2018: €597k
2019: €570k
2020: €1.16M
2021: €1.11M
2022: €1.20M
2023: €1.60M
2018 → 2024
Net result
€-40k
2023 · €10k
2018: €78k
2019: €-47k
2020: €13k
2021: €19k
2022: €44k
2023: €10k
2018 → 2024
Working capital
€-1.20M▼ 62.3%
2023 · €-742k
2018: €335k
2019: €-70k
2020: €-297k
2021: €-175k
2022: €-393k
2023: €-742k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€147k-€167k▲ 13.2%€239k▲ 43.2%€247k▲ 3.2%€206k▼ 16.3%
Operating result€20k-€53k▲ 168%€80k▲ 51.9%€56k▼ 29.7%€18k▼ 67.4%
Net result€13k-€19k▲ 44.4%€44k▲ 126%€10k▼ 77.9%€-40k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 67% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.67M
Fixed assets
€2.42M▲ 71.7%
Current assets
€248k▲ 28.1%
Equity and liabilities €2.67M
Equity
€206k▼ 16.3%
Provisions
€0▼ 100%
Debt
€2.46M▲ 84.8%
The debt ratio rises from 83.1% to 92.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€85k▼
2023 · €95k
Cash flow
€27k▼
2023 · €48k
Solvency
7.7%▼
2023 · 15.4%
Current ratio
0.17▼
2023 · 0.21
Quick ratio
0.14▼
2023 · 0.18
Debt / equity
11.93▲
2023 · 5.40
ROE
-19.5%▼
2023 · 3.9%
ROA
-1.5%▼
2023 · 0.6%
Interest coverage
1.15▼
2023 · 2.80
Debt
€2.46M▲
2023 · €1.33M
Debt ≤ 1 year
€1.45M▲
2023 · €936k
Debt > 1 year
€971k▲
2023 · €357k
Income taxes
€9k▼
2023 · €15k
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€1.60M€2.67M▲
Fixed assets21/28€1.41M€2.42M▲
Tangible fixed assets22/27€1.41M€2.42M▲
Land and buildings22€1.40M€2.41M▲
Plant, machinery and equipment23€5k€5k▲
Furniture and vehicles24€8k€4k▼
Current assets29/58€194k€248k▲
Stocks and contracts in progress3€24k€39k▲
Stocks30/36€21k€15k▼
Contracts in progress37€3k€24k▲
Amounts receivable within one year40/41€168k€189k▲
Trade receivables40€165k€186k▲
Other amounts receivable41€3k€2k▼
Current investments50/53€31€31▲
Cash at bank and in hand54/58-€15k
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€2.67M▲
Equity10/15€247k€206k▼
Contributions10/11€6k€6k=
Reserves13€240k€200k▼
Tax-exempt reserves132€74k-
Distributable reserves133€166k€200k▲
Provisions and deferred taxes16€25k-
Deferred taxes168€25k-
Amounts payable17/49€1.33M€2.46M▲
Amounts payable after more than one year17€357k€971k▲
Financial debts170/4€257k€871k▲
Other amounts payable178/9€100k€100k=
Amounts payable within one year42/48€936k€1.45M▲
Current portion of amounts payable after more than one year42€32k€76k▲
Financial debts43€520k€591k▲
Credit institutions430/8€519k€589k▲
Other loans439€2k€2k▲
Trade debts44€140k€242k▲
Suppliers440/4€140k€242k▲
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€6k€9k▲
Remuneration and social security454/9€2k€6k▲
Other amounts payable47/48€236k€528k▲
Accrued charges and deferred income492/3€40k€38k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€67k▲
Other operating charges640/8€18k€18k▲
Gross operating margin9900€113k€104k▼
Operating profit (loss)9901€56k€18k▼
Financial income75/76B€301€220▼
Recurring financial income75€301€220▼
Financial charges65/66B€34k€74k▲
Recurring financial charges65€34k€74k▲
Profit (loss) for the period before taxes9903€23k€-56k▼
Transfer from deferred taxes780€2k€25k▲
Income taxes67/77€15k€9k▼
Profit (loss) for the period9904€10k€-40k▼
Transfer from tax-exempt reserves789€5k€74k▲
Profit (loss) for the period to be appropriated9905€15k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€34k▲
Transfer to equity691/2€13k€34k▲
To other reserves6921€13k€34k▲
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €239k ▲43.2%
3 profitable years in a row build equity to €239k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €167k ▲13.2%
2 profitable years in a row build equity to €167k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Weakest financial yearnet €-47k ▼160%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hasselt · 1 establishment unit since 2005
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.
Trekschurenstraat 2173500 HasseltGround area
2,456 m²
Building footprint
203 m²
Volume, LiDAR
1,049 m³
Parcel 71324E0655/00S003, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
francodak
since 20052.149.251.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0655/00S003 | Flanders | 2,456 m² | 1 · 203 m² | 7.9 m · 2 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.
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Of 8,564 companies in sector 43410 we hold annual accounts for 4,354. 3,587 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2005
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
45220
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.