FRANIM
ActiveSummary
FRANIM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.8m and a net result of €1.0m. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900,000 at 30 days acceptable
Liquidity ample (current ratio 6.23; short-term debt: 10.3% and cash: 3.1% of total assets), and 12.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
87.1%
Return on assets
7.5%
Age of the figures
21 mo
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
9 d early
2022
7 d early
2021
17 d early
2020
3 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.0m▲ 44.9%
2023 · €697,317
Working capital
€7.3m▼ 6.1%
2023 · €7.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result€804,776▼ 12.2%€1.0m▲ 29.9%€1.1m▲ 6.3%€1.1m▲ 2.8%€968,735▼ 15.3%
Net result€547,208above the sector's middle half▼ 14.6%€712,107above the sector's middle half▲ 30.1%€792,193above the sector's middle half▲ 11.2%€697,317above the sector's middle half▼ 12.0%€1.0mabove the sector's middle half▲ 44.9%
Equity€7.3mabove the sector's middle half▲ 8.1%€9.3mabove the sector's middle half▲ 27.4%€10.1mabove the sector's middle half▲ 8.5%€10.8mabove the sector's middle half▲ 6.9%€11.8mabove the sector's middle half▲ 9.4%
Total assets€7.4mwithin the sector's middle half▲ 4.4%€9.7mabove the sector's middle half▲ 32.2%€10.5mabove the sector's middle half▲ 8.2%€11.2mabove the sector's middle half▲ 6.2%€13.5mabove the sector's middle half▲ 21.0%
Debt€69,700▼ 77.5%€442,351▲ 535%€444,935▲ 0.6%€405,506▼ 8.9%€1.7m▲ 331%
Working capital€5.2mabove the sector's middle half▼ 0.1%€6.2mabove the sector's middle half▲ 20.0%€7.0mabove the sector's middle half▲ 13.2%€7.8mabove the sector's middle half▲ 10.5%€7.3mabove the sector's middle half▼ 6.1%
Solvency99.1%above the sector's middle half▲ 3.4pp95.5%above the sector's middle half▼ 3.6pp95.8%above the sector's middle half▲ 0.3pp96.4%above the sector's middle half▲ 0.6pp87.1%above the sector's middle half▼ 9.3pp
Current ratio75.11above the sector's middle half44.96above the sector's middle half▼ 30.1562.39above the sector's middle half▲ 17.436.23above the sector's middle half
Return on assets (ROA)7.4%above the sector's middle half▼ 1.7pp7.3%above the sector's middle half▼ 0.1pp7.5%above the sector's middle half▲ 0.2pp6.2%above the sector's middle half▼ 1.3pp7.5%above the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.5m
Fixed assets
€4.9m ▲ 44.4%
Current assets
€8.7m ▲ 10.9%
Equity and liabilities €13.5m
Equity
€11.8m ▲ 9.4%
Debt
€1.7m ▲ 331%
Debt's share of the balance-sheet total rises from 3.6% to 12.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▲
2023 · €1.2m
Cash flow
€1.3m▲
2023 · €759,284
Debt to equity
0.15▲
2023 · 0.04
ROE
8.6%▲
2023 · 6.5%
Interest coverage
816.59▼
2023 · 881.33
Debt ≤ 1 year
€1.4m▲
2023 · €61,262
Income taxes
€374,423▼
2023 · €375,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 1,577 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €40 | €3,852 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,848 | €41,531 | €52,376 | €61,967 | €320,663 | ▲ 417% |
| Other operating charges640/8 | - | €7,587 | €8,961 | €44,105 | €12,793 | ▼ 71.0% |
| Gross operating margin9900 | €914,116 | €1.1m | €1.2m | €1.2m | €1.3m | ▲ 4.2% |
| Operating profit (loss)9901 | €804,776 | €1.0m | €1.1m | €1.1m | €968,735 | ▼ 15.3% |
| Financial income75/76B | - | - | €51,848 | €54,250 | €417,874 | ▲ 670% |
| Recurring financial income75 | - | - | €51,848 | €54,250 | €417,874 | ▲ 670% |
| Financial charges65/66B | - | €1,735 | €22,493 | €124,995 | €1,579 | ▼ 98.7% |
| Recurring financial charges65 | €412 | €1,735 | €22,493 | €1,368 | €1,579 | ▲ 15.4% |
| Non-recurring financial charges66B | - | - | - | €123,627 | - | - |
| Profit (loss) for the period before taxes9903 | €804,364 | €1.0m | €1.1m | €1.1m | €1.4m | ▲ 29.1% |
| Income taxes67/77 | €257,156 | €331,834 | €349,182 | €375,633 | €374,423 | ▼ 0.3% |
| Profit (loss) for the period9904 | €547,208 | €712,107 | €792,193 | €697,317 | €1.0m | ▲ 44.9% |
| Profit (loss) for the period to be appropriated9905 | €547,208 | €712,107 | €792,193 | €697,317 | €1.0m | ▲ 44.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.4m | €9.7m | €10.5m | €11.2m | €13.5m | ▲ 21.0% |
| Fixed assets21/28 | €2.1m | €3.4m | €3.4m | €3.4m | €4.9m | ▲ 44.4% |
| Tangible fixed assets22/27 | €2.1m | €3.4m | €3.4m | €3.4m | €4.9m | ▲ 44.4% |
| Land and buildings22 | - | €3.3m | €3.3m | €3.3m | €4.8m | ▲ 46.6% |
| Plant, machinery and equipment23 | - | €33,677 | €28,064 | €22,452 | €16,839 | ▼ 25.0% |
| Furniture and vehicles24 | - | €23,821 | €60,069 | €71,434 | €46,067 | ▼ 35.5% |
| Current assets29/58 | €5.2m | €6.3m | €7.1m | €7.8m | €8.7m | ▲ 10.9% |
| Amounts receivable within one year40/41 | €129,278 | €99,840 | €127,577 | €121,685 | €125,470 | ▲ 3.1% |
| Trade receivables40 | - | €2,830 | - | €15,000 | €3,305 | ▼ 78.0% |
| Other amounts receivable41 | - | €97,010 | €127,577 | €106,685 | €122,165 | ▲ 14.5% |
| Current investments50/53 | - | €1.6m | €2.4m | €3.2m | €8.1m | ▲ 153% |
| Cash at bank and in hand54/58 | €5.1m | €4.7m | €4.6m | €4.5m | €423,017 | ▼ 90.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.4m | €9.7m | €10.5m | €11.2m | €13.5m | ▲ 21.0% |
| Equity10/15 | €7.3m | €9.3m | €10.1m | €10.8m | €11.8m | ▲ 9.4% |
| Contributions10/11 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €553,408 | €1.3m | €2.1m | €2.8m | €3.8m | ▲ 36.7% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €1.3m | €2.0m | €2.7m | €3.8m | ▲ 36.8% |
| Profit (loss) carried forward14 | €6.7m | €6.7m | €6.7m | €6.7m | €6.7m | = |
| Amounts payable17/49 | €69,700 | €442,351 | €444,935 | €405,506 | €1.7m | ▲ 331% |
| Amounts payable within one year42/48 | €69,700 | €140,951 | €114,295 | €61,262 | €1.4m | ▲ 2,171% |
| Trade debts44 | €6,980 | €5,524 | €6,205 | €9,411 | €10,137 | ▲ 7.7% |
| Suppliers440/4 | - | €5,524 | €6,205 | €9,411 | €10,137 | ▲ 7.7% |
| Taxes, remuneration and social security45 | - | €131,286 | €107,223 | €46,640 | €78,845 | ▲ 69.1% |
| Taxes450/3 | - | €123,286 | €100,908 | €46,640 | €78,845 | ▲ 69.1% |
| Remuneration and social security454/9 | - | €8,000 | €6,315 | - | - | - |
| Other amounts payable47/48 | - | €4,141 | €867 | €5,211 | €1.3m | ▲ 24,885% |
| Accrued charges and deferred income492/3 | - | €301,400 | €330,640 | €344,244 | €357,788 | ▲ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €547,208 | €712,107 | €792,193 | €697,317 | €1.0m | ▲ 44.9% |
| + Depreciation and write-downs630 | €93,848 | €41,531 | €52,376 | €61,967 | €320,663 | ▲ 417% |
| Operating cash flow (approximation) | €641,056 | €753,638 | €844,569 | €759,284 | €1.3m | ▲ 75.3% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€53,166 | -€37,875 | -€1.8m | ▼ 4,704% |
| Change in cash | - | -€435,374 | -€49,158 | -€131,565 | -€4.1m | ▼ 2,989% |
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
2026
22-07
State Gazette act
Reappointments: Franck Pirotte (director) and Anne Pirotte (director)Appointment: Franck Pirotte (managing director)7 facts ▸
State Gazette act
Reappointments: Franck Pirotte (director) and Anne Pirotte (director)
Appointment: Franck Pirotte (managing director)7 facts ▸
- General meeting, 18-06-2026
- Director in office, Franck Pirotte (managing director)
- Director in office, Anne Pirotte (director)
- Director reappointment, Franck Pirotte (director)
- Director reappointment, Anne Pirotte (director)
- Board meeting, 18-06-2026
- Director appointment, Franck Pirotte (managing director)
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.0m ▲44.9%
Net result €1.0m, the highest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 127.54
Current ratio from 62.39 to 127.54; short-term debt falls from €114,295 to €61,262.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €10mEq €10.1m ▲8.5%
5 profitable years in a row build equity to €10.1m.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €547,208 ▼14.6%
Net result drops to €547,208, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2026
Day-to-day management 1
Franck Pirotte
CurrentManaging director · since 18-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Verlaine · 1 establishment unit since 1994
Ground area
1,266 m²
Building footprint
150 m²
Volume, LiDAR
926 m³
Parcel 61063A0466/00D000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRANIM SA
since 19942.069.001.684
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61063A0466/00D000 | Wallonia | 1,266 m² | 1 · 150 m² | 8.4 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.
Mandate history
2 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Franck Pirotte |
|
| Anne Pirotte |
|
Articles of association
Annual meeting
Fourth Tuesday of June
Board rule
Délégations, Conseil d'administration
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
8755003S8Z9IUBTUN141
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Of 12,041 companies in sector 68203 we hold annual accounts for 6,007. 1,707 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-07-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68122Development of non-residential building projects
68204Real estate activities
82990Other business support services
Contact
E-mail
f.pirotte@franim.beVerlaine
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453158759
Registered
22-05-2026
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.