FRANKEL
ActiveFRANKEL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223k and a net result of €53k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 51% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
76
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency62▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.08 in 2024), and 62.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
37.9%
Return on assets
9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
4 d early
2021
34 d early
2020
3 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€223k▲ 1.4%
2024 · €220k
2019: €190k
2020: €199k
2021: €206k
2022: €216k
2023: €216k
2024: €220k
2019 → 2025
Total assets
€589k▼ 9.4%
2024 · €650k
2019: €725k
2020: €701k
2021: €748k
2022: €651k
2023: €648k
2024: €650k
2019 → 2025
Net result
€53k▼ 0.9%
2024 · €54k
2019: €43k
2020: €41k
2021: €74k
2022: €10k
2023: €5k
2024: €54k
2019 → 2025
Working capital
€37k▲ 49.9%
2024 · €25k
2019: €-99k
2020: €-114k
2021: €-101k
2022: €-22k
2023: €7k
2024: €25k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€206k-€216k▲ 4.7%€216k▲ 0.4%€220k▲ 1.6%€223k▲ 1.4%
Operating result€92k-€7k▼ 91.9%€19k▲ 151%€70k▲ 274%€70k▲ 0.1%
Net result€74k-€10k▼ 86.9%€5k▼ 49.4%€54k▲ 994%€53k▼ 0.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €589k
Fixed assets
€280k▼ 15.7%
Current assets
€309k▼ 2.9%
Equity and liabilities €589k
Equity
€223k▲ 1.4%
Debt
€366k▼ 15.0%
The debt ratio falls from 66.2% to 62.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€141k▼
2024 · €142k
Cash flow
€124k▼
2024 · €126k
Solvency
37.9%▲
2024 · 33.8%
Current ratio
1.14▲
2024 · 1.08
Quick ratio
0.98▲
2024 · 0.93
Debt / equity
1.64▼
2024 · 1.96
ROE
23.8%▼
2024 · 24.3%
ROA
9.0%▲
2024 · 8.2%
Interest coverage
10.20▼
2024 · 10.69
Debt
€366k▼
2024 · €430k
Debt ≤ 1 year
€272k▼
2024 · €294k
Debt > 1 year
€81k▼
2024 · €114k
Income taxes
€3k▼
2024 · €3k
Staff costs
€535k▲
2024 · €504k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€650k€589k▼
Fixed assets21/28€332k€280k▼
Tangible fixed assets22/27€332k€280k▼
Land and buildings22€151k€134k▼
Plant, machinery and equipment23€170k€138k▼
Furniture and vehicles24€11k€8k▼
Current assets29/58€318k€309k▼
Stocks and contracts in progress3€45k€42k▼
Stocks30/36€45k€42k▼
Amounts receivable within one year40/41€17k€6k▼
Other amounts receivable41€17k€6k▼
Cash at bank and in hand54/58€217k€222k▲
Deferred charges and accrued income490/1€38k€39k▲
Equity and liabilities
Total equity and liabilities10/49€650k€589k▼
Equity10/15€220k€223k▲
Contributions10/11€9k€9k=
Reserves13€211k€214k▲
Distributable reserves133€211k€214k▲
Amounts payable17/49€430k€366k▼
Amounts payable after more than one year17€114k€81k▼
Financial debts170/4€114k€81k▼
Amounts payable within one year42/48€294k€272k▼
Current portion of amounts payable after more than one year42€37k€33k▼
Trade debts44€144k€132k▼
Suppliers440/4€144k€132k▼
Taxes, remuneration and social security45€35k€33k▼
Taxes450/3€3k-
Remuneration and social security454/9€31k€33k▲
Other amounts payable47/48€78k€74k▼
Accrued charges and deferred income492/3€23k€13k▼
Income statement
Code20242025
Remuneration, social security and pensions62€504k€535k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€71k▼
Other operating charges640/8€3k€7k▲
Gross operating margin9900€650k€683k▲
Operating profit (loss)9901€70k€70k▲
Financial income75/76B€347€75▼
Recurring financial income75€347€75▼
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€14k▲
Profit (loss) for the period before taxes9903€57k€56k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€54k€53k▼
Profit (loss) for the period to be appropriated9905€54k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€53k▼
Transfer to equity691/2€4k€3k▼
To other reserves6921€4k€3k▼
Profit to be distributed694/7€50k€50k=
Directors or managers695€50k€50k=
Social balance
Average headcount (FTE)908711.813.7▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €5k ▼49.4%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €74k ▲78.8%
Operating result €92k, net result €74k, both a record.
30-06
Financial
Equity above €200kEq €206k ▲3.5%
3 profitable years in a row build equity to €206k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Eeklo · 1 establishment unit since 2002
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.
Vrombautstraat 29900 EekloGround area
441 m²
Building footprint
212 m²
Volume, LiDAR
1,678 m³
Parcel 43005D0040/00T005, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KWALITEITSSLAGERIJ FRANKEL
since 20022.114.192.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005D0040/00T005 | Flanders | 440 m² | 1 · 212 m² | 11.7 m · 3 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
2022 to 2025 · 3 entries · 458 EUR awarded · 458 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 147 EUR | 147 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyEeklo2.114.192.994
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SLAGERIJ D'HAENS
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Of 3,021 companies in sector 47221 we hold annual accounts for 1,549. 1,258 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-10-2002
Fiscal year end30-06
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
52220
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.