FRANKINET LOCATION
ActiveSummary
The computed 12-month bankruptcy probability of FRANKINET LOCATION is 1.6% (moderate). The 2025 annual accounts show equity of €236k and a net result of €-46k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 113 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 5.8 against 14.15 in 2024; short-term debt: 15.5% and cash: 25.2% of total assets), and 15.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-46k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
9 d early
2023
on the day
2022
120 d late
2021
2 d early
2020
2 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-46k▲ 45.8%
2024 · €-86k
2018: €36k
2019: €44k▲ +22.4% vs 2018
2020: €82k▲ +87.6% vs 2019highest in 8 years
2021: €16k▼ -80.9% vs 2020
2022: €42k▲ +168% vs 2021
2023: €-14k▼ -133% vs 2022
2024: €-86k▼ -517% vs 2023lowest in 8 years
2025: €-46k▲ +45.8% vs 2024
2018 → 2025
Working capital
€207k▼ 24.1%
2024 · €273k
2018: €176klowest in 8 years
2019: €221k▲ +25.3% vs 2018
2020: €303k▲ +37.4% vs 2019
2021: €329k▲ +8.5% vs 2020
2022: €377k▲ +14.5% vs 2021highest in 8 years
2023: €366k▼ -3.1% vs 2022
2024: €273k▼ -25.4% vs 2023
2025: €207k▼ -24.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€339k-€381k▲ 12.4%€368k▼ 3.6%€282k▼ 23.3%€236k▼ 16.4%
2021: €339k
2022: €381k▲ +12.4% vs 2021highest in 5 years
2023: €368k▼ -3.6% vs 2022
2024: €282k▼ -23.3% vs 2023
2025: €236k▼ -16.4% vs 2024lowest in 5 years
Operating result€27k-€58k▲ 111%€-12k€-83k▼ 602%€-44k▲ 47.6%
2021: €27k
2022: €58k▲ +111% vs 2021highest in 5 years
2023: €-12k▼ -121% vs 2022
2024: €-83k▼ -602% vs 2023lowest in 5 years
2025: €-44k▲ +47.6% vs 2024
Net result€16k-€42k▲ 168%€-14k€-86k▼ 517%€-46k▲ 45.8%
2021: €16k
2022: €42k▲ +168% vs 2021highest in 5 years
2023: €-14k▼ -133% vs 2022
2024: €-86k▼ -517% vs 2023lowest in 5 years
2025: €-46k▲ +45.8% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44k in 2025 against €83k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €279k
Fixed assets
€29k ▲ 204%
Current assets
€250k ▼ 14.7%
Equity and liabilities €279k
Equity
€236k ▼ 16.4%
Debt
€43k ▲ 108%
Debt's share of the balance-sheet total rises from 6.8% to 15.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-38k▲
2024 · €-82k
Cash flow
€-41k▲
2024 · €-84k
Current ratio
5.80▼
2024 · 14.15
Debt to equity
0.18▲
2024 · 0.07
ROE
-19.7%▲
2024 · -30.3%
ROA
-16.6%▲
2024 · -28.3%
Interest coverage
-12.56▲
2024 · -28.12
Debt ≤ 1 year
€43k▲
2024 · €21k
Staff costs
€215k▲
2024 · €197k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€303k€279k▼
Fixed assets21/28€9k€29k▲
Tangible fixed assets22/27€8k€18k▲
Furniture and vehicles24€8k€18k▲
Financial fixed assets28€2k€11k▲
Current assets29/58€293k€250k▼
Amounts receivable after more than one year29€105k€94k▼
Other amounts receivable291€105k€94k▼
Amounts receivable within one year40/41€51k€86k▲
Trade receivables40€31k€74k▲
Other amounts receivable41€21k€11k▼
Cash at bank and in hand54/58€137k€70k▼
Equity and liabilities
Total equity and liabilities10/49€303k€279k▼
Equity10/15€282k€236k▼
Contributions10/11€31k€31k=
Outside capital11-€31k
Other1109/19-€31k
Reserves13€82k€82k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€60k€60k=
Profit (loss) carried forward14€169k€123k▼
Amounts payable17/49€21k€43k▲
Amounts payable within one year42/48€21k€43k▲
Trade debts44€2k€725▼
Suppliers440/4€2k€725▼
Taxes, remuneration and social security45€18k€30k▲
Taxes450/3€12k€14k▲
Remuneration and social security454/9€6k€16k▲
Other amounts payable47/48€843€13k▲
Income statement
Code20242025
Remuneration, social security and pensions62€197k€215k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€6k€2k▼
Gross operating margin9900€121k€178k▲
Operating profit (loss)9901€-83k€-44k▲
Financial income75/76B€588€307▼
Recurring financial income75€588€307▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-86k€-46k▲
Profit (loss) for the period9904€-86k€-46k▲
Profit (loss) for the period to be appropriated9905€-86k€-46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€169k€123k▼
Profit (loss) brought forward from the previous period14P€255k€169k▼
Social balance
Average headcount (FTE)908712.0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €198k | €190k | €197k | €197k | €215k | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €6k | €2k | €2k | €5k | ▲ 223% |
| Other operating charges640/8 | €2k | €3k | €2k | €6k | €2k | ▼ 65.4% |
| Gross operating margin9900 | €242k | €256k | €190k | €121k | €178k | ▲ 47.5% |
| Operating profit (loss)9901 | €27k | €58k | €-12k | €-83k | €-44k | ▲ 47.6% |
| Financial income75/76B | €802 | €2 | €709 | €588 | €307 | ▼ 47.8% |
| Recurring financial income75 | €802 | €2 | €709 | €588 | €307 | ▼ 47.8% |
| Financial charges65/66B | €1k | €1k | €3k | €3k | €3k | ▲ 5.1% |
| Recurring financial charges65 | €1k | €1k | €3k | €3k | €3k | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | €27k | €56k | €-14k | €-86k | €-46k | ▲ 45.8% |
| Income taxes67/77 | €11k | €14k | - | - | - | - |
| Profit (loss) for the period9904 | €16k | €42k | €-14k | €-86k | €-46k | ▲ 45.8% |
| Profit (loss) for the period to be appropriated9905 | €16k | €42k | €-14k | €-86k | €-46k | ▲ 45.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €411k | €443k | €409k | €303k | €279k | ▼ 7.9% |
| Fixed assets21/28 | €10k | €4k | €2k | €9k | €29k | ▲ 204% |
| Tangible fixed assets22/27 | €8k | €2k | €234 | €8k | €18k | ▲ 133% |
| Furniture and vehicles24 | €8k | €2k | €234 | €8k | €18k | ▲ 133% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €11k | ▲ 519% |
| Current assets29/58 | €401k | €439k | €407k | €293k | €250k | ▼ 14.7% |
| Amounts receivable after more than one year29 | €124k | €121k | €114k | €105k | €94k | ▼ 10.0% |
| Other amounts receivable291 | €124k | €121k | €114k | €105k | €94k | ▼ 10.0% |
| Amounts receivable within one year40/41 | €49k | €50k | €46k | €51k | €86k | ▲ 66.7% |
| Trade receivables40 | €49k | €50k | €34k | €31k | €74k | ▲ 141% |
| Other amounts receivable41 | - | - | €12k | €21k | €11k | ▼ 44.4% |
| Cash at bank and in hand54/58 | €228k | €268k | €247k | €137k | €70k | ▼ 48.8% |
| Deferred charges and accrued income490/1 | €440 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €411k | €443k | €409k | €303k | €279k | ▼ 7.9% |
| Equity10/15 | €339k | €381k | €368k | €282k | €236k | ▼ 16.4% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Outside capital11 | - | - | - | - | €31k | - |
| Other1109/19 | - | - | - | - | €31k | - |
| Reserves13 | €82k | €82k | €82k | €82k | €82k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €60k | €60k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €227k | €269k | €255k | €169k | €123k | ▼ 27.4% |
| Amounts payable17/49 | €72k | €62k | €42k | €21k | €43k | ▲ 108% |
| Amounts payable within one year42/48 | €72k | €62k | €42k | €21k | €43k | ▲ 108% |
| Trade debts44 | €10k | €9k | €2k | €2k | €725 | ▼ 57.1% |
| Suppliers440/4 | €10k | €9k | €2k | €2k | €725 | ▼ 57.1% |
| Taxes, remuneration and social security45 | €62k | €51k | €36k | €18k | €30k | ▲ 63.4% |
| Taxes450/3 | €36k | €24k | €12k | €12k | €14k | ▲ 15.0% |
| Remuneration and social security454/9 | €25k | €27k | €23k | €6k | €16k | ▲ 163% |
| Other amounts payable47/48 | - | €2k | €3k | €843 | €13k | ▲ 1,404% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €42k | €-14k | €-86k | €-46k | ▲ 45.8% |
| + Depreciation and write-downs630 | €14k | €6k | €2k | €2k | €5k | ▲ 223% |
| Operating cash flow (approximation) | €30k | €48k | €-12k | €-84k | €-41k | ▲ 51.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €-24k | ▼ 169% |
| Change in cash | - | €40k | €-21k | €-110k | €-67k | ▲ 39.1% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-86k
Net result drops to €-86k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €82k ▲87.6%
Operating result €106k, net result €82k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €241k ▲22.2%
2 profitable years in a row build equity to €241k.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Liège · 1 establishment unit since 1998
Ground area
134 m²
Building footprint
42 m²
Volume, LiDAR
316 m³
Parcel 62059C0712/00R005, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Place des Abeilles 1, 4020 Liège
since 19982.089.595.180
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62059C0712/00R005 | Wallonia | 134 m² | 1 · 42 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,906 companies in sector 53200 we hold annual accounts for 1,322. 862 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
Scores and ratios are computed by Checked and are not a credit decision.