FRANKI CONSTRUCT
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
21 d early
2022
5 d early
2021
24 d early
2020
52 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€113.2m▲ 36.0%
2023 · €83.2m
EBIT margin
7.9%▲ 0.7pp
2023 · 7.1%
Net result
€5.9m▲ 47.8%
2023 · €4.0m
Working capital
€25.5m▲ 34.4%
2023 · €19.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€87.7m▲ 34.7%€96.3m▲ 9.8%€79.8m▼ 17.1%€83.2m▲ 4.3%€113.2m▲ 36.0%
Operating result-€983,322€3.0m€2.8m▼ 7.1%€5.9m▲ 113%€8.9m▲ 50.2%
Net result-€1.4m€1.7m€1.7m▼ 0.7%€4.0m▲ 139%€5.9m▲ 47.8%
EBIT margin-1.1%▼ 3.4pp3.1%▲ 4.2pp3.5%▲ 0.4pp7.1%▲ 3.6pp7.9%▲ 0.7pp
Equity€18.9m▼ 1.5%€20.6m▲ 8.9%€22.3m▲ 8.2%€26.3m▲ 18.0%€32.2m▲ 22.6%
Total assets€46.8m▲ 5.4%€49.7m▲ 6.0%€55.1m▲ 11.0%€60.3m▲ 9.4%€73.1m▲ 21.2%
Debt€27.8m▲ 10.8%€28.7m▲ 3.2%€32.7m▲ 14.0%€33.9m▲ 3.9%€40.1m▲ 18.1%
Working capital€11.5m▼ 14.1%€13.1m▲ 14.1%€11.2m▼ 15.0%€19.0m▲ 70.2%€25.5m▲ 34.4%
Staff (FTE)182.6▲ 2.9%165▼ 9.6%154.6▼ 6.3%163.8▲ 6.0%157.5▼ 3.8%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 50% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €73.1m
Fixed assets
€11.9m ▼ 3.7%
Current assets
€61.2m ▲ 27.6%
Equity and liabilities €73.1m
Equity
€32.2m ▲ 22.6%
Provisions
€760,204 ▲ 826%
Debt
€40.1m ▲ 18.1%
Debt's share of the balance-sheet total falls from 56.3% to 54.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9.0m▲
2023 · €6.0m
Cash flow
€6.0m▲
2023 · €4.1m
Current ratio
1.72▲
2023 · 1.66
Quick ratio
1.71▲
2023 · 1.65
Debt to equity
1.24▼
2023 · 1.29
ROE
18.4%▲
2023 · 15.3%
ROA
8.1%▲
2023 · 6.7%
Interest coverage
20.21▲
2023 · 16.25
Debt ≤ 1 year
€35.6m▲
2023 · €28.9m
Debt > 1 year
€4.5m▼
2023 · €4.9m
Income taxes
€2.3m▲
2023 · €1.5m
Staff costs
€11.8m▼
2023 · €12.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €98.2m | €80.8m | €84.4m | €114.1m | ▲ 35.2% |
| Turnover70 | €87.7m | €96.3m | €79.8m | €83.2m | €113.2m | ▲ 36.0% |
| Other operating income74 | - | €2.0m | €1.0m | €1.2m | €962,566 | ▼ 16.3% |
| Operating charges60/66A | - | €95.2m | €78.0m | €78.4m | €105.2m | ▲ 34.1% |
| Goods for resale, raw materials and consumables60 | - | €78.2m | €61.0m | €59.1m | €85.1m | ▲ 44.0% |
| Purchases600/8 | - | €78.2m | €61.0m | €59.1m | €85.1m | ▲ 44.0% |
| Services and other goods61 | - | €5.4m | €5.6m | €7.0m | €7.4m | ▲ 5.7% |
| Remuneration, social security and pensions62 | - | €11.2m | €10.4m | €12.2m | €11.8m | ▼ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €184,110 | €161,356 | €153,908 | €100,244 | €80,099 | ▼ 20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€803,860 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €273,530 | -€199,667 | -€88,863 | €683,000 | ▲ 869% |
| Other operating charges640/8 | - | €903,324 | €1.0m | €66,731 | €25,498 | ▼ 61.8% |
| Operating profit (loss)9901 | -€983,322 | €3.0m | €2.8m | €5.9m | €8.9m | ▲ 50.2% |
| Financial income75/76B | - | €135,098 | €340,919 | €272,717 | €93,410 | ▼ 65.7% |
| Recurring financial income75 | €131,867 | €135,098 | €223,630 | €272,717 | €93,410 | ▼ 65.7% |
| Income from current assets751 | - | €89,499 | €75,666 | €251,746 | €73,459 | ▼ 70.8% |
| Other financial income752/9 | - | €45,599 | €147,964 | €20,971 | €19,951 | ▼ 4.9% |
| Non-recurring financial income76B | - | - | €117,290 | - | - | - |
| Financial charges65/66B | - | €490,204 | €681,106 | €704,841 | €793,866 | ▲ 12.6% |
| Recurring financial charges65 | €480,994 | €490,204 | €681,106 | €704,841 | €793,866 | ▲ 12.6% |
| Debt charges650 | €252,739 | €257,596 | €427,497 | €371,786 | €445,674 | ▲ 19.9% |
| Other financial charges652/9 | - | €232,607 | €253,609 | €333,054 | €348,192 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | -€1.3m | €2.6m | €2.4m | €5.5m | €8.2m | ▲ 49.3% |
| Transfer from deferred taxes780 | - | €16,676 | €16,639 | €9,266 | €4,929 | ▼ 46.8% |
| Income taxes67/77 | €81,253 | €972,806 | €785,074 | €1.5m | €2.3m | ▲ 52.6% |
| Taxes670/3 | - | €972,806 | €803,049 | €2.4m | €2.3m | ▼ 4.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | €17,976 | €901,519 | €862 | ▼ 99.9% |
| Profit (loss) for the period9904 | -€1.4m | €1.7m | €1.7m | €4.0m | €5.9m | ▲ 47.8% |
| Transfer from tax-exempt reserves789 | - | €50,028 | €49,916 | €27,797 | €14,786 | ▼ 46.8% |
| Profit (loss) for the period to be appropriated9905 | -€1.4m | €1.7m | €1.7m | €4.0m | €5.9m | ▲ 47.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46.8m | €49.7m | €55.1m | €60.3m | €73.1m | ▲ 21.2% |
| Fixed assets21/28 | €9.0m | €9.1m | €12.7m | €12.4m | €11.9m | ▼ 3.7% |
| Tangible fixed assets22/27 | €980,606 | €922,459 | €804,974 | €736,104 | €740,387 | ▲ 0.6% |
| Land and buildings22 | - | €735,815 | €724,118 | €686,365 | €645,263 | ▼ 6.0% |
| Plant, machinery and equipment23 | - | €171,474 | €73,382 | €30,291 | €38,894 | ▲ 28.4% |
| Furniture and vehicles24 | - | €15,170 | €7,474 | €19,448 | €56,230 | ▲ 189% |
| Financial fixed assets28 | €8.0m | €8.2m | €11.9m | €11.7m | €11.2m | ▼ 4.0% |
| Affiliated companies280/1 | - | €7.2m | €11.0m | €10.7m | €10.3m | ▼ 4.3% |
| Participating interests280 | - | €5.2m | €9.2m | €9.2m | €9.2m | = |
| Amounts receivable281 | - | €2.0m | €1.7m | €1.5m | €1.0m | ▼ 30.8% |
| Other financial fixed assets284/8 | - | €947,529 | €934,947 | €912,444 | €909,944 | ▼ 0.3% |
| Shares284 | - | €111,357 | €92,525 | €70,022 | €70,022 | = |
| Amounts receivable and cash guarantees285/8 | - | €836,172 | €842,422 | €842,422 | €839,922 | ▼ 0.3% |
| Current assets29/58 | €37.8m | €40.6m | €42.4m | €47.9m | €61.2m | ▲ 27.6% |
| Stocks and contracts in progress3 | €163,500 | €163,500 | €163,500 | €163,500 | €163,500 | = |
| Stocks30/36 | - | €163,500 | €163,500 | €163,500 | €163,500 | = |
| Property held for sale35 | - | €163,500 | €163,500 | €163,500 | €163,500 | = |
| Amounts receivable within one year40/41 | €33.9m | €33.7m | €37.3m | €42.9m | €54.5m | ▲ 27.2% |
| Trade receivables40 | - | €22.1m | €19.3m | €15.6m | €22.3m | ▲ 43.0% |
| Other amounts receivable41 | - | €11.6m | €18.0m | €27.3m | €32.2m | ▲ 18.1% |
| Cash at bank and in hand54/58 | €2.7m | €5.3m | €3.3m | €3.3m | €5.9m | ▲ 78.6% |
| Deferred charges and accrued income490/1 | - | €1.5m | €1.6m | €1.6m | €587,171 | ▼ 63.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46.8m | €49.7m | €55.1m | €60.3m | €73.1m | ▲ 21.2% |
| Equity10/15 | €18.9m | €20.6m | €22.3m | €26.3m | €32.2m | ▲ 22.6% |
| Contributions10/11 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Capital10 | - | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Issued capital100 | - | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Reserves13 | €13.8m | €13.8m | €13.8m | €13.8m | €13.8m | ▼ 0.1% |
| Non-distributable reserves130/1 | - | €508,986 | €558,687 | €558,687 | €558,687 | = |
| Legal reserve130 | - | €508,986 | €558,687 | €558,687 | €558,687 | = |
| Tax-exempt reserves132 | - | €2.5m | €2.4m | €2.4m | €2.4m | ▼ 0.6% |
| Distributable reserves133 | - | €10.9m | €10.9m | €10.9m | €10.9m | = |
| Profit (loss) carried forward14 | -€535,534 | €1.1m | €2.8m | €6.9m | €12.8m | ▲ 86.6% |
| Investment grants15 | - | €17,816 | €17,816 | €17,816 | €17,816 | = |
| Provisions and deferred taxes16 | €139,713 | €396,567 | €180,261 | €82,133 | €760,204 | ▲ 826% |
| Provisions for liabilities and charges160/5 | - | €288,530 | €88,863 | - | €683,000 | - |
| Other liabilities and charges164/5 | - | €288,530 | €88,863 | - | €683,000 | - |
| Deferred taxes168 | - | €108,037 | €91,398 | €82,133 | €77,204 | ▼ 6.0% |
| Amounts payable17/49 | €27.8m | €28.7m | €32.7m | €33.9m | €40.1m | ▲ 18.1% |
| Amounts payable after more than one year17 | €1.4m | €1.2m | €1.2m | €4.9m | €4.5m | ▼ 9.4% |
| Financial debts170/4 | - | €1.2m | €1.2m | €4.9m | €4.5m | ▼ 9.4% |
| Subordinated loans170 | - | - | - | €4.0m | €4.0m | = |
| Unsubordinated bonds171 | - | €1.2m | €1.2m | €928,571 | €464,285 | ▼ 50.0% |
| Amounts payable within one year42/48 | €26.3m | €27.5m | €31.3m | €28.9m | €35.6m | ▲ 23.1% |
| Current portion of amounts payable after more than one year42 | - | €232,143 | €232,143 | €329,756 | €464,287 | ▲ 40.8% |
| Financial debts43 | - | €4.1m | €4.6m | €5.3m | €4.6m | ▼ 13.3% |
| Credit institutions430/8 | - | €4.1m | €4.6m | €5.3m | €4.6m | ▼ 13.3% |
| Trade debts44 | €20.8m | €19.6m | €22.1m | €19.5m | €24.5m | ▲ 26.2% |
| Suppliers440/4 | - | €19.6m | €22.1m | €19.5m | €24.5m | ▲ 26.2% |
| Taxes, remuneration and social security45 | - | €3.5m | €4.3m | €3.8m | €6.0m | ▲ 56.1% |
| Taxes450/3 | - | €2.0m | €2.6m | €1.8m | €4.1m | ▲ 125% |
| Remuneration and social security454/9 | - | €1.5m | €1.7m | €2.0m | €1.9m | ▼ 5.8% |
| Other amounts payable47/48 | - | €1,295 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €50,252 | €255,987 | €83,535 | €16,094 | ▼ 80.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.4m | €1.7m | €1.7m | €4.0m | €5.9m | ▲ 47.8% |
| + Depreciation and write-downs630 | €184,110 | €161,356 | €153,908 | €100,244 | €80,099 | ▼ 20.1% |
| Operating cash flow (approximation) | -€1.2m | €1.9m | €1.8m | €4.1m | €6.0m | ▲ 46.2% |
| Investment in fixed assets (approximation) | - | -€247,629 | -€3.8m | €223,273 | €382,404 | ▲ 71.3% |
| Change in cash | - | €2.5m | -€2.0m | €15,015 | €2.6m | ▲ 17,234% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €5.9m ▲47.8%
Operating result €8.9m, net result €5.9m, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €25mEq €26.3m ▲18%
3 profitable years in a row build equity to €26.3m.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.7m
Net result €1.7m after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €793,899
Net result €793,899 after one loss-making year.
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
Show earlier events
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 99 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- COSIMCO
- FRANKI CONSTRUCT
Highest known parent: COSIMCO. The sources do not say who stands above it.
Owners 1
- COSIMCOparentSourceown accounts 2024100%
Holdings 2
-
86.33%
-
1%
According to the 2024 annual accounts of FRANKI CONSTRUCT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 204,564 EUR awarded · 161,566 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 852 EUR | 52,000 EUR |
| 2024 | 1 | 0 EUR | 52,000 EUR |
| 2023 | 2 | 4,032 EUR | 56,032 EUR |
| 2022 | 2 | 199,680 EUR | 1,534 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)