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FRANK DE SY

Active
Public limited companyfounded 2004active for 21 yearsFinlandstraat 9, 9940 Evergem, BelgiumKBO/BCE: BE 0870.617.659
Summary

FRANK DE SY has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €170,054. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 59% of 826 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
FRANK DE SYActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Machining of metals
NACE 25530Manufacture of fabricated metal products, except machinery and equipment NACE 25402
1 site
Size
€2.4mtotal assets 2025
Staff
1.7 FTE
Equity
€1.3m
Profit
€170,054
Financial health
89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Largest shareholder
DE SY LASERWERKEN · 29.03%
2025 accounts 25 days early1 of 3 deeds summarised
Why 89raises risk2 of the last 3 lateSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskSize: 1.7 FTE, total assets €2.4mFounded in 2004Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 25, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 79-2
equity 53.7% of total assets
Liquidity 55-2
short-term debt 22.2% · cash 10.2%
Profitability 78-3
return on assets 7.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,701 companies, NACE 25, micro)
Last 24 months 11-2024: 0.4% 12-2024: 0.6%▲ +0.2 percentage points vs 11-2024 01-2025: 0.4%▼ -0.2 percentage points vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.3%▲ +0.3 percentage points vs 09-2025highest value 11-2025: 0.3%▼ -1.0 percentage point vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.63, compared with 3.08 in 2024, above the usual 1.5; short-term debt: 22.2% and cash: 10.2% of total assets), and 46.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 25, micro): better than 58% on solvency, 53% on liquidity, 58% on profitability and 66% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · 2 of the last 3 late
NBB · filings
lowers risk · Size: 1.7 FTE, total assets €2.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
67 days late
2023
141 days late
2022
88 days late
2021
33 days late
2020
122 days late
2019
56 days late
← 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 69 days after the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 October (4 of the last 5 filed years within 75 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: DE SY LASERWERKEN (director)Permanent representative: Gertjan DE SY…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: Board changedlatest change 28-01-2026 · 1 in office 1 joined · 1 left View
  • Positive: 8 profitable years in a rowprofit 2025: €170,054 8 years View
  • Known shareholdersaccounts at 31-12-2025 100% View

By topic

Financials

Financial year
2025
Total assets
€2.4m
Profit
€170,054
Solvency
53.7%
Total assets▲ 21.5%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Largest shareholder
DE SY LASERWERKEN · 29.03%
Known shareholders
100%
  • DE SY LASERWERKENDirector
Go to Board & ownership

Timeline

Events
25
Since
2006
Next accounts
by 31-07-2027
  1. 31-12-2024Equity above €1m
  2. 19-12-2024Annual accounts filed
  3. 27-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Machining of metalsNACE 25530
Founded
14-12-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about FRANK DE SY

What is the company number of FRANK DE SY?
0870.617.659. In Belgium the VAT number is the company number with BE in front: BE 0870.617.659.
Where is FRANK DE SY based?
The registered office is at Finlandstraat 9, 9940 Evergem.Company details
What does FRANK DE SY do?
According to the KBO register, the main activity is machining of metals (NACE 25530).
What is the legal form of FRANK DE SY?
Public limited company (NV).
When was FRANK DE SY founded?
On 14-12-2004.
Is FRANK DE SY still active?
Yes, FRANK DE SY is an active enterprise in the KBO register.
How many employees does FRANK DE SY have?
On average 1.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FRANK DE SY?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is FRANK DE SY profitable?
In financial year 2025, FRANK DE SY made a profit of €170,054.
Where can I find the annual accounts of FRANK DE SY?
FRANK DE SY filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FRANK DE SY due?
By 31-07-2027, for financial year 2026.Timeline

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