Frank Soen

Active

Private limited companyfounded 20214 yrs activeHallesesteenweg 255, 1640 Sint-Genesius-Rode, BelgiumKBO/BCE: BE 0775.415.030

The computed 12-month bankruptcy probability of Frank Soen is 4.2% (elevated). The 2024 annual accounts show equity of €50k and a net result of €876. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 18938 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

81 / 100

Excellent▼ -12 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability9▼-91

Solvency98▲+4

Growth52=

Stability94

Bankruptcy probability, 12 months

4.2% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 2.06 against 1.86 in 2023), and 41.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

58.2%

Return on assets

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

20 d early

2023

19 d early

2022

39 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€50k▲ 1.8%

2023 · €49k

2022: €28k 2023: €49k

2022 → 2024

Total assets

€86k▼ 2.9%

2023 · €89k

2022: €49k 2023: €89k

2022 → 2024

Net result

€876▼ 96.0%

2023 · €22k

2022: €26k 2023: €22k

2022 → 2024

Working capital

€38k▲ 18.1%

2023 · €32k

2022: €17k 2023: €32k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€28k-€49k▲ 78.7%€50k▲ 1.8%

Operating result€39k-€32k▼ 18.9%€3k▼ 89.5%

Net result€26k-€22k▼ 15.2%€876▼ 96.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 90% below 2023 and is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €86k

13.8%

86.2%

Fixed assets €12k▼ 35.5%

Current assets €74k▲ 5.7%

Equity and liabilities €86k

58.2%

41.8%

Equity €50k▲ 1.8%

Debt €36k▼ 8.8%

The debt ratio falls from 44.5% to 41.8%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€9k▼

2023 · €38k

Cash flow

€6k▼

2023 · €28k

Solvency

58.2%▲

2023 · 55.5%

Current ratio

2.06▲

2023 · 1.86

Quick ratio

2.06▲

2023 · 1.85

Debt / equity

0.72▼

2023 · 0.80

ROE

1.7%▼

2023 · 44.0%

ROA

1.0%▼

2023 · 24.5%

Interest coverage

3.00▼

2023 · 44.60

Debt

€36k▼

2023 · €40k

Debt ≤ 1 year

€36k▼

2023 · €38k

Income taxes

€1k▼

2023 · €9k

Staff costs

€111k▲

2023 · €92k

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€89k€86k▼

Fixed assets21/28€19k€12k▼

Tangible fixed assets22/27€19k€12k▼

Furniture and vehicles24€19k€12k▼

Current assets29/58€70k€74k▲

Stocks and contracts in progress3€242€171▼

Stocks30/36€242€171▼

Amounts receivable within one year40/41€10k€21k▲

Trade receivables40€8k-

Other amounts receivable41€2k€21k▲

Cash at bank and in hand54/58€60k€53k▼

Equity and liabilities

Total equity and liabilities10/49€89k€86k▼

Equity10/15€49k€50k▲

Contributions10/11€2k€2k=

Reserves13€47k€48k▲

Distributable reserves133€47k€48k▲

Amounts payable17/49€40k€36k▼

Amounts payable after more than one year17€2k-

Financial debts170/4€2k-

Amounts payable within one year42/48€38k€36k▼

Current portion of amounts payable after more than one year42€4k€5k▲

Trade debts44€2k€4k▲

Suppliers440/4€2k€4k▲

Taxes, remuneration and social security45€22k€27k▲

Taxes450/3€12k€19k▲

Remuneration and social security454/9€10k€8k▼

Other amounts payable47/48€9k-

Income statement Code20232024

Non-recurring operating income76A€3k€3k▼

Remuneration, social security and pensions62€92k€111k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼

Other operating charges640/8€62-

Gross operating margin9900€130k€119k▼

Operating profit (loss)9901€32k€3k▼

Financial income75/76B€1€2k▲

Recurring financial income75€1€2k▲

Financial charges65/66B€853€3k▲

Recurring financial charges65€853€3k▲

Profit (loss) for the period before taxes9903€31k€2k▼

Income taxes67/77€9k€1k▼

Profit (loss) for the period9904€22k€876▼

Profit (loss) for the period to be appropriated9905€22k€876▼

Appropriation of the result

Profit (loss) to be appropriated9906€22k€876▼

Transfer to equity691/2€22k€876▼

To other reserves6921€22k€876▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

11-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €876 ▼96%

Net result drops to €876, the lowest in the series.

12-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

22-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

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, Sint-Genesius-Rode · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Hallesesteenweg 2551640 Sint-Genesius-Rode

Ground area

887 m²

Building footprint

493 m²

Volume, LiDAR

3,433 m³

2 parcels, Brussels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Frank Soen

Kruisbooglaan 22, 1170 Watermaal-BosvoordeFood and beverage service activities

since 20212.322.671.433

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22004D0060/00R002	Flanders	581 m²	1 · 170 m²	12.0 m · 1 fl.
21652E0081/00L000 ProtectedArchitectural ensemble · MonumentLe Logis-FloréalSource ↗	Brussels	306 m²	1 · 323 m²	11.5 m · 3 fl.