Fransen boringen
ActiveSummary
The computed 12-month bankruptcy probability of Fransen boringen is 1.7% (moderate). The 2025 annual accounts show equity of €569k and a net result of €86k. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 39% of 7777 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-5
Solvency60▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.22 in 2024; short-term debt: 30.3% and cash: 7% of total assets), and 64.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
35.1%
Return on assets
5.3%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
15 d early
2023
28 d early
2022
26 d early
2021
30 d late
2020
32 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€569k▲ 9.8%
2024 · €519k
2020: €72k
2021: €166k
2022: €257k
2023: €385k
2024: €519k
2020 → 2025
Total assets
€1.62M▲ 13.0%
2024 · €1.44M
2020: €559k
2021: €1.09M
2022: €1.45M
2023: €1.56M
2024: €1.44M
2020 → 2025
Net result
€86k▼ 35.7%
2024 · €134k
2020: €54k
2021: €94k
2022: €90k
2023: €152k
2024: €134k
2020 → 2025
Working capital
€25k▼ 77.8%
2024 · €111k
2020: €27k
2021: €-92k
2022: €-66k
2023: €-44k
2024: €111k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€166k-€257k▲ 54.3%€385k▲ 50.0%€519k▲ 34.8%€569k▲ 9.8%
Operating result€124k-€103k▼ 17.4%€202k▲ 97.2%€185k▼ 8.7%€126k▼ 31.9%
Net result€94k-€90k▼ 4.0%€152k▲ 68.5%€134k▼ 12.1%€86k▼ 35.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.11M ▲ 34.4%
Current assets
€517k ▼ 15.9%
Equity and liabilities €1.62M
Equity
€569k ▲ 9.8%
Debt
€1.05M ▲ 14.7%
Debt's share of the balance-sheet total rises from 63.9% to 64.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€450k▲
2024 · €429k
Cash flow
€410k▲
2024 · €378k
Current ratio
1.05▼
2024 · 1.22
Debt to equity
1.85▲
2024 · 1.77
ROE
15.1%▼
2024 · 25.8%
ROA
5.3%▼
2024 · 9.3%
Interest coverage
11.31▼
2024 · 11.60
Debt ≤ 1 year
€492k▼
2024 · €504k
Debt > 1 year
€563k▲
2024 · €416k
Income taxes
€222▼
2024 · €20k
Staff costs
€296k▲
2024 · €223k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.44M€1.62M▲
Fixed assets21/28€824k€1.11M▲
Tangible fixed assets22/27€820k€1.10M▲
Plant, machinery and equipment23€317k€273k▼
Furniture and vehicles24€274k€217k▼
Leasing and similar rights25€230k€615k▲
Financial fixed assets28€3k€3k=
Current assets29/58€614k€517k▼
Amounts receivable within one year40/41€388k€363k▼
Trade receivables40€128k€132k▲
Other amounts receivable41€261k€231k▼
Current investments50/53€14k€32k▲
Cash at bank and in hand54/58€205k€114k▼
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.62M▲
Equity10/15€519k€569k▲
Contributions10/11€19k€19k=
Reserves13€498k€551k▲
Distributable reserves133€498k€551k▲
Profit (loss) carried forward14€2k-
Amounts payable17/49€919k€1.05M▲
Amounts payable after more than one year17€416k€563k▲
Financial debts170/4€416k€563k▲
Amounts payable within one year42/48€504k€492k▼
Current portion of amounts payable after more than one year42€254k€300k▲
Financial debts43€35k€10k▼
Credit institutions430/8€35k€10k▼
Trade debts44€188k€152k▼
Suppliers440/4€188k€152k▼
Taxes, remuneration and social security45€7k€16k▲
Taxes450/3€2k-
Remuneration and social security454/9€5k€16k▲
Other amounts payable47/48€20k€14k▼
Income statement
Code20242025
Remuneration, social security and pensions62€223k€296k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€244k€324k▲
Other operating charges640/8€11k€9k▼
Non-recurring operating charges66A€3k-
Gross operating margin9900€666k€755k▲
Operating profit (loss)9901€185k€126k▼
Financial income75/76B€5k€169▼
Recurring financial income75€5k€169▼
Financial charges65/66B€37k€40k▲
Recurring financial charges65€37k€40k▲
Profit (loss) for the period before taxes9903€153k€86k▼
Income taxes67/77€20k€222▼
Profit (loss) for the period9904€134k€86k▼
Profit (loss) for the period to be appropriated9905€134k€86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€137k€89k▼
Profit (loss) brought forward from the previous period14P€4k€2k▼
Transfer from equity791/2-€35k
Transfer to equity691/2€135k€89k▼
To other reserves6921€135k€89k▼
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
Social balance
Average headcount (FTE)90874.44.9▲
The notes to these accounts (10 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €519k ▲34.8%
5 profitable years in a row build equity to €519k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €152k ▲68.5%
Operating result €202k, net result €152k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €257k ▲54.3%
3 profitable years in a row build equity to €257k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €150kEq €166k ▲130%
2 profitable years in a row build equity to €166k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Malle · 1 establishment unit since 2019
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.
Ambachtsstraat 122390 MalleGround area
5,664 m²
Building footprint
2,362 m²
Volume, LiDAR
14,425 m³
Parcel 11032D0075/00S002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fransen boringen
since 20192.287.710.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0075/00S002 | Flanders | 5,664 m² | 1 · 2,362 m² | 7.7 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 to 2025 · 3 entries · 1,289 EUR awarded · 1,289 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,053 EUR | 1,053 EUR |
| 2024 | 1 | 0 EUR | 236 EUR |
| 2023 | 1 | 236 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryFransen boringen BV44616
Similar companies · same sector, comparable size
Mans Erik
BE 0691.628.113
Zoutleeuw · Eq €569,126
SCHEERS David
BE 0834.321.447
Asse · Eq €569,910
A&S Grondwerken
BE 0760.367.756
Bocholt · Eq €570,745
CONDOR IMO-FINANCE
BE 0427.437.131
Nivelles · Eq €571,004
GEBOERS GRONDWERKEN
BE 0454.821.320
Pelt · Eq €567,371
Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 2,081 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2019
Fiscal year end31-12
Trade name NL
Fransen geothermie
Activities, NACEBEL 2025
43120Site preparation
43130Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.