FRANSON
ActiveFRANSON has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.27M and a net result of €-26k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▲+7
Solvency44▼-2
Growth59▼-5
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.15 in 2023; short-term debt: 58.1% and cash: 11.8% of total assets), and 81% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 10
Relative position
BE, all sectors
reference
Sector 10
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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
19%
Return on assets
-0.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 862 sector peers (2024).
NBB · sector comparisonPosition among 862 sector peers
Solvency
better than 25%
← weakest
strongest →
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 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
30 d early
2022
28 d early
2021
52 d early
2020
32 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€40.28M▼ 7.7%
2023 · €43.65M
2018: €20.71M
2019: €23.10M
2020: €24.50M
2021: €28.85M
2022: €40.16M
2023: €43.65M
2018 → 2024
EBIT margin
0.1%=
2023 · 0.1%
2018: 0.5%
2019: 0.2%
2020: 1.9%
2021: 3.1%
2022: 2.6%
2023: 0.1%
2018 → 2024
Net result
€-26k▲ 36.6%
2023 · €-40k
2018: €9k
2019: €-51k
2020: €271k
2021: €613k
2022: €744k
2023: €-40k
2018 → 2024
Working capital
€1.17M▲ 15.8%
2023 · €1.01M
2018: €-265k
2019: €-289k
2020: €394k
2021: €1.04M
2022: €1.37M
2023: €1.01M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€24.50M-€28.85M▲ 17.8%€40.16M▲ 39.2%€43.65M▲ 8.7%€40.28M▼ 7.7%
Equity€981k-€1.59M▲ 62.5%€2.34M▲ 46.7%€2.30M▼ 1.7%€2.27M▼ 1.1%
Operating result€462k-€887k▲ 92.0%€1.04M▲ 17.7%€51k▼ 95.1%€40k▼ 21.6%
Net result€271k-€613k▲ 126%€744k▲ 21.3%€-40k€-26k▲ 36.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 22% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.95M
Fixed assets
€3.83M▲ 18.5%
Current assets
€8.12M▲ 5.4%
Equity and liabilities €11.95M
Equity
€2.27M▼ 1.1%
Debt
€9.68M▲ 12.1%
The debt ratio rises from 79.0% to 81.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€757k▲
2023 · €658k
Cash flow
€691k▲
2023 · €567k
Solvency
19.0%▼
2023 · 21.0%
Current ratio
1.17▲
2023 · 1.15
Quick ratio
1.01▼
2023 · 1.03
Debt / equity
4.26▲
2023 · 3.76
ROE
-1.1%▲
2023 · -1.8%
ROA
-0.2%▲
2023 · -0.4%
Interest coverage
6.33▲
2023 · 4.79
Debt
€9.68M▲
2023 · €8.64M
Debt ≤ 1 year
€6.95M▲
2023 · €6.69M
Debt > 1 year
€2.71M▲
2023 · €1.88M
Income taxes
€841▼
2023 · €1k
Staff costs
€1.29M▲
2023 · €1.22M
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€10.93M€11.95M▲
Fixed assets21/28€3.23M€3.83M▲
Intangible fixed assets21€85k€240k▲
Tangible fixed assets22/27€2.15M€2.60M▲
Land and buildings22€241k€687k▲
Plant, machinery and equipment23€1.67M€1.71M▲
Furniture and vehicles24€35k€63k▲
Leasing and similar rights25€203k€139k▼
Financial fixed assets28€996k€994k▼
Affiliated companies280/1€996k€994k▼
Participating interests280€996k€994k▼
Current assets29/58€7.70M€8.12M▲
Amounts receivable after more than one year29€1.14M€1.19M▲
Other amounts receivable291€1.14M€1.19M▲
Stocks and contracts in progress3€787k€1.10M▲
Stocks30/36€787k€1.10M▲
Goods purchased for resale34€787k€1.10M▲
Amounts receivable within one year40/41€4.72M€4.39M▼
Trade receivables40€4.30M€4.05M▼
Other amounts receivable41€418k€340k▼
Cash at bank and in hand54/58€1.04M€1.41M▲
Deferred charges and accrued income490/1€12k€26k▲
Equity and liabilities
Total equity and liabilities10/49€10.93M€11.95M▲
Equity10/15€2.30M€2.27M▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€50k€50k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Profit (loss) carried forward14€1.75M€1.72M▼
Amounts payable17/49€8.64M€9.68M▲
Amounts payable after more than one year17€1.88M€2.71M▲
Financial debts170/4€1.88M€2.71M▲
Subordinated loans170€500k€500k=
Leasing and similar obligations172€183k€140k▼
Credit institutions173€902k€1.76M▲
Other loans174€300k€306k▲
Amounts payable within one year42/48€6.69M€6.95M▲
Current portion of amounts payable after more than one year42€347k€463k▲
Financial debts43€1.95M€1.15M▼
Credit institutions430/8€1.95M€1.15M▼
Trade debts44€4.12M€5.10M▲
Suppliers440/4€4.12M€5.10M▲
Taxes, remuneration and social security45€227k€205k▼
Taxes450/3€52k€34k▼
Remuneration and social security454/9€174k€172k▼
Other amounts payable47/48€41k€31k▼
Accrued charges and deferred income492/3€62k€23k▼
Income statement
Code20232024
Operating income70/76A€43.71M€40.37M▼
Turnover70€43.65M€40.28M▼
Other operating income74€57k€91k▲
Non-recurring operating income76A€3k€3k▲
Operating charges60/66A€43.66M€40.33M▼
Goods for resale, raw materials and consumables60€34.69M€30.99M▼
Purchases600/8€34.67M€31.30M▼
Change in stocks: decrease (increase)609€18k€-312k▼
Services and other goods61€7.10M€7.32M▲
Remuneration, social security and pensions62€1.22M€1.29M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€608k€717k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k€-4k▲
Other operating charges640/8€48k€13k▼
Operating profit (loss)9901€51k€40k▼
Financial income75/76B€72k€83k▲
Recurring financial income75€72k€83k▲
Income from current assets751€72k€83k▲
Other financial income752/9€119€23▼
Financial charges65/66B€162k€148k▼
Recurring financial charges65€162k€148k▼
Debt charges650€137k€120k▼
Other financial charges652/9€25k€28k▲
Profit (loss) for the period before taxes9903€-39k€-25k▲
Income taxes67/77€1k€841▼
Taxes670/3€1k€841▼
Profit (loss) for the period9904€-40k€-26k▲
Profit (loss) for the period to be appropriated9905€-40k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.75M€1.72M▼
Profit (loss) brought forward from the previous period14P€1.79M€1.75M▼
Social balance
Average headcount (FTE)908718.119.4▲
The notes to these accounts (106 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €744k ▲21.3%
Operating result €1.04M, net result €744k, both a record.
31-12
Financial
Equity above €2MEq €2.34M ▲46.7%
3 profitable years in a row build equity to €2.34M.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €1MEq €1.59M ▲62.5%
2 profitable years in a row build equity to €1.59M.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €271k
Net result €271k after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-51k ▼662%
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
02-06
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.
Directors · office · real estate
Directors
10 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, Nazareth-De Pinte · 2 establishment units since 2004
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.
Sluis 39810 Nazareth-De PinteGround area
1.6 ha
Building footprint
1,143 m²
Volume, LiDAR
18,872 m³
2 parcels, Flanders · tallest building 32.4 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Franson
since 20042.136.469.540
Pontweg 1A, 9810 Nazareth-De Pinte
since 20192.284.467.685
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018B0816/00A000 | Flanders | 1.1 ha | 1 · 216 m² | 8.2 m · 2 fl. |
| 44018C0230/00D003 | Flanders | 4,766 m² | 1 · 927 m² | 32.4 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 5 entries · 217,219 EUR awarded · 176,219 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 167,000 EUR | 151,000 EUR |
| 2024 | 1 | 219 EUR | 219 EUR |
| 2023 | 1 | 50,000 EUR | 25,000 EUR |
Schemes
Ontwikkelingsproject
O&O-haalbaarheidsstudie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesNazareth-De Pinte2.136.469.540
Nazareth-De Pinte2.284.467.685
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Of 182 companies in sector 10910 we hold annual accounts for 149. 110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-03-2004
Fiscal year end31-12
Activities, NACEBEL
10910Manufacture of food products
46216Wholesale of agricultural produce and animal feed, general range
46382Wholesale trade
51210
51383
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.franson.be