FRANCOLINI
ActiveSummary
FRANCOLINI has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235,638 and a net result of €750. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 69% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-18
Solvency90▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.02 in 2024; short-term debt: 32.1% and cash: 2.5% of total assets), and 34.8% 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
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
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
65.2%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 30-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d early
2023
1 d late
2022
1 d late
2021
59 d late
2020
170 d early
2019
132 d early
← 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 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-12-2026 close30-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€305,746
EBIT margin
4.0%
Net result
€750▼ 93.9%
2024 · €12,378
Working capital
€189,460▲ 5.4%
2024 · €179,777
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover
Operating result€13,348▲ 8.9%€64,203▲ 381%€25,099▼ 60.9%€23,077▼ 8.1%€10,294▼ 55.4%
Net result€4,626within the sector's middle half▼ 2.7%€38,716above the sector's middle half▲ 737%€10,490within the sector's middle half▼ 72.9%€12,378within the sector's middle half▲ 18.0%€750within the sector's middle half▼ 93.9%
EBIT margin
Equity€173,304above the sector's middle half▲ 2.7%€212,020above the sector's middle half▲ 22.3%€222,510above the sector's middle half▲ 4.9%€234,888above the sector's middle half▲ 5.6%€235,638above the sector's middle half▲ 0.3%
Total assets€330,896within the sector's middle half▲ 13.3%€291,466within the sector's middle half▼ 11.9%€382,815within the sector's middle half▲ 31.3%€424,314above the sector's middle half▲ 10.8%€361,406within the sector's middle half▼ 14.8%
Debt€157,593▲ 27.8%€79,447▼ 49.6%€160,305▲ 102%€189,425▲ 18.2%€125,768▼ 33.6%
Working capital€250,220above the sector's middle half▲ 26.3%€168,533above the sector's middle half▼ 32.6%€158,402above the sector's middle half▼ 6.0%€179,777above the sector's middle half▲ 13.5%€189,460above the sector's middle half▲ 5.4%
Solvency52.4%within the sector's middle half▼ 5.4pp72.7%above the sector's middle half▲ 20.4pp58.1%within the sector's middle half▼ 14.6pp55.4%within the sector's middle half▼ 2.8pp65.2%within the sector's middle half▲ 9.8pp
Current ratio7.00above the sector's middle half▲ 2.013.12within the sector's middle half▼ 3.882.11within the sector's middle half▼ 1.012.02within the sector's middle half▼ 0.092.63within the sector's middle half▲ 0.61
Return on assets (ROA)1.4%within the sector's middle half▼ 0.2pp13.3%above the sector's middle half▲ 11.9pp2.7%within the sector's middle half▼ 10.5pp2.9%within the sector's middle half▲ 0.2pp0.2%within the sector's middle half▼ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 three years in a row; 2025 is 55% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €361,406
Fixed assets
€55,822 ▼ 18.4%
Current assets
€305,584 ▼ 14.1%
Equity and liabilities €361,406
Equity
€235,638 ▲ 0.3%
Debt
€125,768 ▼ 33.6%
Debt's share of the balance-sheet total falls from 44.6% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,090▼
2024 · €36,883
Cash flow
€14,545▼
2024 · €26,184
Quick ratio
1.15▲
2024 · 1.05
Debt to equity
0.53▼
2024 · 0.81
ROE
0.3%▼
2024 · 5.3%
Interest coverage
2.93▼
2024 · 4.65
Debt ≤ 1 year
€116,125▼
2024 · €176,161
Debt > 1 year
€9,643▼
2024 · €13,264
Income taxes
€1,470▼
2024 · €4,784
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,039 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 | €5,286 | €4,535 | €9,789 | €13,806 | €13,796 | ▼ 0.1% |
| Other operating charges640/8 | €2,333 | €2,775 | €2,998 | €4,283 | €10,366 | ▲ 142% |
| Gross operating margin9900 | €20,967 | €71,512 | €37,886 | €41,166 | €34,456 | ▼ 16.3% |
| Operating profit (loss)9901 | €13,348 | €64,203 | €25,099 | €23,077 | €10,294 | ▼ 55.4% |
| Financial income75/76B | €1,185 | - | €9 | €2,016 | €143 | ▼ 92.9% |
| Recurring financial income75 | €1,185 | - | €9 | €2,016 | €143 | ▼ 92.9% |
| Financial charges65/66B | €9,275 | €10,510 | €11,489 | €7,931 | €8,218 | ▲ 3.6% |
| Recurring financial charges65 | €9,275 | €10,510 | €11,489 | €7,931 | €8,218 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €5,258 | €53,693 | €13,618 | €17,162 | €2,219 | ▼ 87.1% |
| Income taxes67/77 | €632 | €14,977 | €3,128 | €4,784 | €1,470 | ▼ 69.3% |
| Profit (loss) for the period9904 | €4,626 | €38,716 | €10,490 | €12,378 | €750 | ▼ 93.9% |
| Profit (loss) for the period to be appropriated9905 | €4,626 | €38,716 | €10,490 | €12,378 | €750 | ▼ 93.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €330,896 | €291,466 | €382,815 | €424,314 | €361,406 | ▼ 14.8% |
| Fixed assets21/28 | €38,962 | €43,487 | €82,181 | €68,375 | €55,822 | ▼ 18.4% |
| Tangible fixed assets22/27 | €38,962 | €43,487 | €82,181 | €68,375 | €55,822 | ▼ 18.4% |
| Land and buildings22 | €37,841 | €33,955 | €31,145 | €28,113 | €25,082 | ▼ 10.8% |
| Plant, machinery and equipment23 | €360 | €9,067 | €8,132 | €7,226 | €7,401 | ▲ 2.4% |
| Furniture and vehicles24 | €760 | €466 | €9,064 | €6,867 | €4,843 | ▼ 29.5% |
| Leasing and similar rights25 | - | - | €33,841 | €26,169 | €18,497 | ▼ 29.3% |
| Current assets29/58 | €291,935 | €247,979 | €300,634 | €355,939 | €305,584 | ▼ 14.1% |
| Stocks and contracts in progress3 | €102,200 | €70,226 | €155,100 | €170,351 | €172,251 | ▲ 1.1% |
| Stocks30/36 | €102,200 | €70,226 | €155,100 | €170,351 | €172,251 | ▲ 1.1% |
| Amounts receivable within one year40/41 | €69,232 | €96,400 | €126,081 | €105,525 | €113,385 | ▲ 7.4% |
| Trade receivables40 | €56,324 | €89,963 | €104,472 | €86,215 | €87,381 | ▲ 1.4% |
| Other amounts receivable41 | €12,908 | €6,437 | €21,609 | €19,310 | €26,004 | ▲ 34.7% |
| Cash at bank and in hand54/58 | €110,953 | €76,260 | €16,332 | €75,323 | €9,152 | ▼ 87.8% |
| Deferred charges and accrued income490/1 | €9,549 | €5,094 | €3,120 | €4,740 | €10,797 | ▲ 128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €330,896 | €291,466 | €382,815 | €424,314 | €361,406 | ▼ 14.8% |
| Equity10/15 | €173,304 | €212,020 | €222,510 | €234,888 | €235,638 | ▲ 0.3% |
| Contributions10/11 | €146,300 | €146,300 | €146,300 | €146,300 | €146,300 | = |
| Reserves13 | €16,239 | €54,739 | €54,739 | €54,739 | €54,739 | = |
| Distributable reserves133 | €16,239 | €54,739 | €54,739 | €54,739 | €54,739 | = |
| Profit (loss) carried forward14 | €10,765 | €10,981 | €21,471 | €33,850 | €34,599 | ▲ 2.2% |
| Amounts payable17/49 | €157,593 | €79,447 | €160,305 | €189,425 | €125,768 | ▼ 33.6% |
| Amounts payable after more than one year17 | €115,878 | - | €18,073 | €13,264 | €9,643 | ▼ 27.3% |
| Financial debts170/4 | - | - | €18,073 | €13,264 | €8,043 | ▼ 39.4% |
| Other amounts payable178/9 | €115,878 | - | - | - | €1,600 | - |
| Amounts payable within one year42/48 | €41,715 | €79,447 | €142,232 | €176,161 | €116,125 | ▼ 34.1% |
| Current portion of amounts payable after more than one year42 | - | - | €4,429 | €4,809 | €20,221 | ▲ 320% |
| Trade debts44 | €41,715 | €14,103 | €13,492 | €65,805 | €5,874 | ▼ 91.1% |
| Suppliers440/4 | €41,715 | €14,103 | €13,492 | €65,805 | €5,874 | ▼ 91.1% |
| Taxes, remuneration and social security45 | - | €9,977 | - | - | - | - |
| Taxes450/3 | - | €9,977 | - | - | - | - |
| Other amounts payable47/48 | - | €55,367 | €124,311 | €105,547 | €90,030 | ▼ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,626 | €38,716 | €10,490 | €12,378 | €750 | ▼ 93.9% |
| + Depreciation and write-downs630 | €5,286 | €4,535 | €9,789 | €13,806 | €13,796 | ▼ 0.1% |
| Operating cash flow (approximation) | €9,912 | €43,251 | €20,280 | €26,184 | €14,545 | ▼ 44.4% |
| Investment in fixed assets (approximation) | - | -€9,060 | -€48,484 | €0 | -€1,243 | - |
| Change in cash | - | -€34,693 | -€59,928 | €58,991 | -€66,171 | ▼ 212% |
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
2025
30-12
Financial
Weakest financial yearnet €750 ▼93.9%
Net result drops to €750, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-12
Financial
Highest result since 2018net €38,716 ▲737%
Operating result €64,203, net result €38,716, both a record.
30-12
Financial
Equity above €200,000Eq €212,020 ▲22.3%
5 profitable years in a row build equity to €212,020.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-12
Financial
Liquidity times 5current ratio 4.99
Current ratio from 0.98 to 4.99; short-term debt falls from €146,132 to €49,693.
30-12
Financial
Equity above €150,000Eq €168,678 ▲825%
3 profitable years in a row build equity to €168,678.
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Sint-Niklaas · 1 establishment unit since 1981
Ground area
139 m²
Building footprint
140 m²
Volume, LiDAR
1,096 m³
Parcel 46447B0468/00H009, Flanders · tallest building 18.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mercatorstraat 60, 9100 Sint-Niklaas
since 19812.018.746.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46447B0468/00H009 | Flanders | 139 m² | 1 · 140 m² | 18.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,117 EUR awarded · 3,117 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,117 EUR | 3,117 EUR |
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LEODEL
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 555 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
Founded01-04-1981
Fiscal year end30-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46412Wholesale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421480935
Also
9925:BE0421480935
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.