Turnover
The micro format states no turnover.
The micro format states no turnover.
Higher net result than 94% of companies in specialised construction. Sector median €10,189 · 35,107 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 45% of them on solvency, 77% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 11,279 companies had the same profile as Franja has now. Each dot stands for 29 companies, two years later.
The bankruptcy probability of Franja itself is higher: 4.1% within 12 months. It rests on far more data about Franja than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for Franja. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.11, above the usual 1.5. Short-term debt is 26.8% of total assets. However, 58.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Franja Maaseik | €210,671 | €124,606 | 41.8% | - |
| ALGEMENE KARWEIWERKEN STEFAN HUKE Maaseik | €194,710 | €150,371 | 61.9% | - |
| EDOUARD SEYNAEVE Spiere-Helkijn | €197,598 | €129,407 | 42.2% | - |
| Wensel Vliegenramen Schoten | €229,448 | €120,230 | 37.4% | - |
| SCHMITZ Jean-Luc & Fils Durbuy | €189,955 | €122,084 | 22.0% | - |
| Timmer- en Schrijnwerk Degrendel Ardooie | €192,945 | €108,398 | 45.6% | - |
| Wao-Menuiserie Liège | €187,604 | €127,250 | 58.5% | - |
These companies have the same main activity as Franja: joinery installation (NACE 43320). They are comparable in size and age: total assets between €188,000 and €229,000, founded between 2024 and 2025.
The computed 12-month bankruptcy probability of Franja is 4.1% (elevated). The 2025 annual accounts show equity of €88,030 and a net result of €85,030.
Its solvency ranks better than 44% of 35,119 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €470,000. Estimated: probably between €330,000 and €640,000.
Higher than 44% of 35,119 companies in 2025.
Higher than 57% of 34,493 companies in 2025.
Higher than 92% of 34,694 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
210,671 | |
21/28 |
91,519 | |
22/27 |
91,519 | |
23 |
921 | |
24 |
34,418 | |
25 |
56,180 | |
29/58 |
119,153 | |
40/41 |
112,823 | |
40 |
7,747 | |
41 |
105,075 | |
490/1 |
6,330 | |
| Balance sheet: equity and liabilities | ||
10/49 |
210,671 | |
10/15 |
88,030 | |
10/11 |
3,000 | |
13 |
85,030 | |
133 |
85,030 | |
17/49 |
122,641 | |
17 |
66,215 | |
170/4 |
66,215 | |
42/48 |
56,427 | |
42 |
20,192 | |
43 |
14,123 | |
430/8 |
14,123 | |
44 |
1,073 | |
440/4 |
1,073 | |
45 |
21,039 | |
450/3 |
21,039 | |
| Income statement | ||
9900 |
124,606 | |
630 |
11,558 | |
640/8 |
1,550 | |
9901 |
111,498 | |
75/76B |
1,046 | |
75 |
1,046 | |
65/66B |
6,576 | |
65 |
6,576 | |
9903 |
105,969 | |
67/77 |
20,939 | |
9904 |
85,030 | |
9905 |
85,030 | |
| Appropriation of the result | ||
9906 |
85,030 | |
691/2 |
85,030 | |
6921 |
85,030 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00456928.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00456928 |
| Line | Trend | 2025 |
|---|---|---|
| 123,056 | ||
| 96,588 | ||
| 103,076 | ||
| 62,726 | ||
| 41.8% | ||
| 2.11 | ||
| 1.39 | ||
| 96.6% | ||
| 40.4% | ||
| 18.71 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Tangible fixed assets | €103,076 |
| €11,558 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Debt's share of the balance-sheet total is 58.2%.
Franja has no parent and no holdings in its annual accounts. Franja shares no director with another company.
| Dr. Stephanie Dirx
registered office since 28-02-2020 · founded in 2020 |
total assets €174,673 (2025) 0744.586.549 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Waterlozeweg 106 registered office 3680 Maaseik | 20-12-2024 | 2.368.825.419 |
| 14-08-2026 | Discontinued | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies submitted 02-08-2026 · project 2026091019 | Maaseik |
| 12-08-2026 | Under review | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen project 2026095720 | Maaseik |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72024D0995/00H000 | 1,475 m² | 1 · 132 m² | 8.9 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1017.760.820
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