FRANIC POLYESTER
ActiveSummary
FRANIC POLYESTER has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €360,154 and a net result of €157,687. Equity is growing by ~50.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 3494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+14
Solvency80▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 7.81 against 4.88 in 2024; short-term debt: 6.9% and cash: 48.8% of total assets), and 45.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer 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
54.9%
Return on assets
24%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
31 d early
2023
99 d early
2022
94 d early
2021
61 d early
2020
1 d early
2019
29 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 55 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€360,154▲ 77.2%
2024 · €203,300
Total assets
€655,796▲ 29.9%
2024 · €504,967
Net result
€157,687▲ 147%
2024 · €63,753
Working capital
€309,376▲ 106%
2024 · €150,388
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,664€57,647▲ 32.0%€73,863▲ 28.1%€95,806▲ 29.7%€233,012▲ 143%
Net result€36,575€41,204▲ 12.7%€47,491▲ 15.3%€63,753▲ 34.2%€157,687▲ 147%
Equity€50,851▲ 256%€92,055▲ 81.0%€139,547▲ 51.6%€203,300▲ 45.7%€360,154▲ 77.2%
Total assets€158,592▲ 30.6%€533,792▲ 237%€493,649▼ 7.5%€504,967▲ 2.3%€655,796▲ 29.9%
Debt€107,741▲ 0.6%€441,737▲ 310%€354,103▼ 19.8%€301,667▼ 14.8%€295,642▼ 2.0%
Working capital€44,901▲ 229%€73,586▲ 63.9%€88,282▲ 20.0%€150,388▲ 70.3%€309,376▲ 106%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 143% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €655,796
Fixed assets
€301,023 ▼ 4.7%
Current assets
€354,773 ▲ 87.6%
Equity and liabilities €655,796
Equity
€360,154 ▲ 77.2%
Debt
€295,642 ▼ 2.0%
Debt's share of the balance-sheet total falls from 59.7% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€250,469▲
2024 · €112,750
Cash flow
€175,144▲
2024 · €80,696
Current ratio
7.81▲
2024 · 4.88
Quick ratio
7.40▲
2024 · 4.50
Debt to equity
0.82▼
2024 · 1.48
ROE
43.8%▲
2024 · 31.4%
ROA
24.0%▲
2024 · 12.6%
Interest coverage
35.15▲
2024 · 15.10
Debt ≤ 1 year
€45,397▲
2024 · €38,742
Debt > 1 year
€250,217▼
2024 · €262,879
Income taxes
€68,231▲
2024 · €24,686
Staff costs
€47,099▲
2024 · €45,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €36,314 | €38,610 | €41,987 | €45,150 | €47,099 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,303 | €3,779 | €16,282 | €16,943 | €17,457 | ▲ 3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€1,050 | - |
| Other operating charges640/8 | €3,488 | €4,291 | €2,298 | €2,232 | €4,267 | ▲ 91.1% |
| Gross operating margin9900 | €84,768 | €104,326 | €134,430 | €160,132 | €300,785 | ▲ 87.8% |
| Operating profit (loss)9901 | €43,664 | €57,647 | €73,863 | €95,806 | €233,012 | ▲ 143% |
| Financial income75/76B | €20 | €23 | €149 | €99 | €32 | ▼ 67.7% |
| Recurring financial income75 | €20 | €23 | €149 | €99 | €32 | ▼ 67.7% |
| Financial charges65/66B | €1,081 | €2,142 | €8,185 | €7,465 | €7,126 | ▼ 4.6% |
| Recurring financial charges65 | €1,081 | €2,142 | €8,185 | €7,465 | €7,126 | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €42,602 | €55,528 | €65,827 | €88,439 | €225,918 | ▲ 155% |
| Income taxes67/77 | €6,028 | €14,324 | €18,335 | €24,686 | €68,231 | ▲ 176% |
| Profit (loss) for the period9904 | €36,575 | €41,204 | €47,491 | €63,753 | €157,687 | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | €36,575 | €41,204 | €47,491 | €63,753 | €157,687 | ▲ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,592 | €533,792 | €493,649 | €504,967 | €655,796 | ▲ 29.9% |
| Fixed assets21/28 | €5,950 | €344,459 | €326,495 | €315,837 | €301,023 | ▼ 4.7% |
| Intangible fixed assets21 | €1,080 | €364 | €0 | - | - | - |
| Tangible fixed assets22/27 | €4,190 | €343,415 | €326,215 | €315,557 | €300,743 | ▼ 4.7% |
| Land and buildings22 | - | €340,015 | €324,686 | €309,357 | €294,028 | ▼ 5.0% |
| Plant, machinery and equipment23 | €2,708 | €2,119 | €1,530 | €2,470 | €2,551 | ▲ 3.3% |
| Furniture and vehicles24 | - | - | - | €3,730 | €4,164 | ▲ 11.6% |
| Other tangible fixed assets26 | €1,482 | €1,282 | €0 | - | - | - |
| Financial fixed assets28 | €680 | €680 | €280 | €280 | €280 | = |
| Current assets29/58 | €152,642 | €189,333 | €167,154 | €189,129 | €354,773 | ▲ 87.6% |
| Stocks and contracts in progress3 | €22,065 | €14,900 | €19,600 | €14,700 | €18,612 | ▲ 26.6% |
| Stocks30/36 | €22,065 | €14,900 | €19,600 | €14,700 | €18,612 | ▲ 26.6% |
| Amounts receivable within one year40/41 | €32,242 | €121,337 | €25,923 | €45,633 | €13,226 | ▼ 71.0% |
| Trade receivables40 | €32,242 | €60,125 | €12,089 | €45,633 | €10,819 | ▼ 76.3% |
| Other amounts receivable41 | €0 | €61,212 | €13,833 | €0 | €2,407 | - |
| Cash at bank and in hand54/58 | €95,462 | €47,955 | €113,533 | €126,309 | €320,032 | ▲ 153% |
| Deferred charges and accrued income490/1 | €2,873 | €5,141 | €8,099 | €2,487 | €2,903 | ▲ 16.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,592 | €533,792 | €493,649 | €504,967 | €655,796 | ▲ 29.9% |
| Equity10/15 | €50,851 | €92,055 | €139,547 | €203,300 | €360,154 | ▲ 77.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €609 | €41,813 | €89,304 | €153,057 | €310,744 | ▲ 103% |
| Non-distributable reserves130/1 | €609 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €609 | €0 | - | - | - | - |
| Distributable reserves133 | - | €41,813 | €89,304 | €153,057 | €310,744 | ▲ 103% |
| Profit (loss) carried forward14 | €31,643 | €31,643 | €31,643 | €31,643 | €30,810 | ▼ 2.6% |
| Amounts payable17/49 | €107,741 | €441,737 | €354,103 | €301,667 | €295,642 | ▼ 2.0% |
| Amounts payable after more than one year17 | €0 | €287,280 | €275,231 | €262,879 | €250,217 | ▼ 4.8% |
| Financial debts170/4 | €0 | €287,280 | €275,231 | €262,879 | €250,217 | ▼ 4.8% |
| Amounts payable within one year42/48 | €107,741 | €115,747 | €78,872 | €38,742 | €45,397 | ▲ 17.2% |
| Current portion of amounts payable after more than one year42 | €4,384 | €11,754 | €12,049 | €12,352 | €12,662 | ▲ 2.5% |
| Trade debts44 | €10,113 | €18,694 | €1,001 | €4,303 | €12,359 | ▲ 187% |
| Suppliers440/4 | €10,113 | €18,694 | €1,001 | €4,303 | €12,359 | ▲ 187% |
| Taxes, remuneration and social security45 | €25,710 | €18,970 | €11,316 | €17,695 | €15,287 | ▼ 13.6% |
| Taxes450/3 | €12,453 | €8,004 | €6,579 | €9,996 | €10,166 | ▲ 1.7% |
| Remuneration and social security454/9 | €13,257 | €10,966 | €4,738 | €7,699 | €5,121 | ▼ 33.5% |
| Other amounts payable47/48 | €67,533 | €66,330 | €54,506 | €4,392 | €5,089 | ▲ 15.9% |
| Accrued charges and deferred income492/3 | €0 | €38,710 | €0 | €46 | €28 | ▼ 38.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,575 | €41,204 | €47,491 | €63,753 | €157,687 | ▲ 147% |
| + Depreciation and write-downs630 | €1,303 | €3,779 | €16,282 | €16,943 | €17,457 | ▲ 3.0% |
| Operating cash flow (approximation) | €37,878 | €44,983 | €63,773 | €80,696 | €175,144 | ▲ 117% |
| Investment in fixed assets (approximation) | - | -€342,288 | €1,682 | -€6,285 | -€2,643 | ▲ 58.0% |
| Change in cash | - | -€47,506 | €65,577 | €12,776 | €193,723 | ▲ 1,416% |
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €157,687 ▲147%
Operating result €233,012, net result €157,687, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 4.88
Current ratio from 2.12 to 4.88; short-term debt falls from €78,872 to €38,742.
31-12
Financial
Equity above €200,000Eq €203,300 ▲45.7%
4 profitable years in a row build equity to €203,300.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €139,547 ▲51.6%
3 profitable years in a row build equity to €139,547.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €36,575
Net result €36,575 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€14,925
Net result drops to -€14,925, the lowest in the series; recovery starts the following year.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Heusden-Zolder · 1 establishment unit since 2008
Ground area
4,915 m²
Building footprint
1,385 m²
Volume, LiDAR
11,465 m³
Parcel 71502C0656/00E000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Franic Polyester
since 20082.169.139.041
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502C0656/00E000 | Flanders | 4,915 m² | 1 · 1,385 m² | 9.8 m · 3 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 1,235 companies in sector 74140 we hold annual accounts for 353. 220 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
Founded22-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
32990Other manufacturing not elsewhere classified
74140Other specialised design activities
46842Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.