FRANK FRUIT SORTERING
ActiveFRANK FRUIT SORTERING has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €49k. Equity is growing by ~62.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+2
Solvency34▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.51 in 2023; short-term debt: 40.3% and cash: 2.8% of total assets), but 90.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9.2%
Return on assets
7.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9040 sector peers (2024).
NBB · sector comparisonPosition among 9040 sector peers
Solvency
better than 15%
← weakest
strongest →
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
15 d early
2022
28 d early
2021
31 d early
2020
8 d early
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€61k▲ 417%
2023 · €12k
2018: €-179k
2019: €-142k
2020: €-76k
2021: €-35k
2022: €-26k
2023: €12k
2018 → 2024
Total assets
€659k▲ 2.5%
2023 · €643k
2018: €403k
2019: €563k
2020: €600k
2021: €582k
2022: €682k
2023: €643k
2018 → 2024
Net result
€49k▲ 31.2%
2023 · €37k
2018: €-59k
2019: €37k
2020: €66k
2021: €41k
2022: €9k
2023: €37k
2018 → 2024
Working capital
€203k▲ 47.0%
2023 · €138k
2018: €8k
2019: €23k
2020: €42k
2021: €100k
2022: €90k
2023: €138k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-76k-€-35k▲ 53.7%€-26k▲ 26.8%€12k€61k▲ 417%
Operating result€52k-€50k▼ 3.7%€18k▼ 64.8%€50k▲ 180%€60k▲ 21.8%
Net result€66k-€41k▼ 38.3%€9k▼ 76.9%€37k▲ 299%€49k▲ 31.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €659k
Fixed assets
€191k▼ 19.6%
Current assets
€468k▲ 15.4%
Equity and liabilities €659k
Equity
€61k▲ 417%
Debt
€598k▼ 5.2%
The debt ratio falls from 98.2% to 90.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107k▲
2023 · €103k
Cash flow
€96k▲
2023 · €91k
Solvency
9.2%▲
2023 · 1.8%
Current ratio
1.76▲
2023 · 1.51
Quick ratio
1.57▲
2023 · 1.30
Debt / equity
9.82▼
2023 · 53.54
ROE
80.7%▼
2023 · 317.7%
ROA
7.5%▲
2023 · 5.8%
Interest coverage
9.94▲
2023 · 8.90
Debt
€598k▼
2023 · €632k
Debt ≤ 1 year
€266k▼
2023 · €268k
Debt > 1 year
€333k▼
2023 · €364k
Income taxes
€475▲
2023 · €460
Staff costs
€178k▼
2023 · €323k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€643k€659k▲
Fixed assets21/28€238k€191k▼
Tangible fixed assets22/27€238k€191k▼
Land and buildings22€49k€43k▼
Plant, machinery and equipment23€140k€113k▼
Leasing and similar rights25€49k€36k▼
Financial fixed assets28€135€135=
Current assets29/58€406k€468k▲
Stocks and contracts in progress3€58k€50k▼
Stocks30/36€58k€50k▼
Amounts receivable within one year40/41€332k€386k▲
Trade receivables40€267k€386k▲
Other amounts receivable41€65k€0▼
Cash at bank and in hand54/58€6k€18k▲
Deferred charges and accrued income490/1€10k€13k▲
Equity and liabilities
Total equity and liabilities10/49€643k€659k▲
Equity10/15€12k€61k▲
Contributions10/11€6k€6k=
Reserves13€5k€55k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€789€50k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€632k€598k▼
Amounts payable after more than one year17€364k€333k▼
Financial debts170/4€364k€333k▼
Amounts payable within one year42/48€268k€266k▼
Current portion of amounts payable after more than one year42€35k€31k▼
Financial debts43€31k€31k▼
Credit institutions430/8€31k€31k▼
Trade debts44€157k€168k▲
Suppliers440/4€157k€168k▲
Taxes, remuneration and social security45€44k€35k▼
Taxes450/3€32k€29k▼
Remuneration and social security454/9€12k€6k▼
Other amounts payable47/48€0€526▲
Income statement
Code20232024
Remuneration, social security and pensions62€323k€178k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€47k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€428k€288k▼
Operating profit (loss)9901€50k€60k▲
Financial income75/76B€0€109▲
Recurring financial income75€0€109▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€38k€50k▲
Income taxes67/77€460€475▲
Profit (loss) for the period9904€37k€49k▲
Profit (loss) for the period to be appropriated9905€37k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€789€49k▲
Profit (loss) brought forward from the previous period14P€-37k€0▲
Transfer to equity691/2€789€49k▲
To other reserves6921€789€49k▲
Social balance
Average headcount (FTE)90878.94.3▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €66k ▲77.2%
Net result €66k, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Herk-de-Stad · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wijerstraat 303540 Herk-de-StadGround area
1,775 m²
Building footprint
352 m²
Volume, LiDAR
1,645 m³
Parcel 71024B0416/00H000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRANK FRUIT SORTERING
since 20032.133.552.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024B0416/00H000 | Flanders | 1,775 m² | 1 · 352 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 · 1 entry · 1,798 EUR awarded · 1,798 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,798 EUR | 1,798 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerk-de-Stad2.133.552.018
Similar companies · same sector, comparable size
DEGLET NOUR
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B-A-GEL
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VARIOS
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Of 956 companies in sector 46319 we hold annual accounts for 609. 333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2003
Fiscal year end31-12
Abbreviation NL
F.F.S.
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
01240Growing of pome and stone fruits
46319Wholesale of fruit and vegetables, excluding potatoes
51310
01410Raising of dairy cattle
52100Warehousing and storage
63121
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.