FRANTRAP
ActiveSummary
FRANTRAP has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€31,524) and a net result of -€62,338. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-54
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.83 in 2024; short-term debt: 153.6% and cash: 13.3% of total assets), and equity is negative.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-53.6%
Return on assets
-106%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€31,524
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
31 d early
2023
29 d early
2022
32 d early
2021
31 d early
2020
22 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€31,524
2024 · €30,814
Total assets
€58,798▼ 45.5%
2024 · €107,855
Net result
-€62,338▲ 24.8%
2024 · -€82,907
Working capital
-€43,115▼ 230%
2024 · -€13,069
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
Line20212022202320242025
Operating result€42,906▲ 15.5%€69,467▲ 61.9%-€97,850-€82,429▲ 15.8%-€61,575▲ 25.3%
Net result€31,409▲ 19.4%€44,665▲ 42.2%-€98,627-€82,907▲ 15.9%-€62,338▲ 24.8%
Equity€167,683▲ 23.0%€212,348▲ 26.6%€113,722▼ 46.4%€30,814▼ 72.9%-€31,524
Total assets€315,274▼ 4.4%€333,213▲ 5.7%€203,023▼ 39.1%€107,855▼ 46.9%€58,798▼ 45.5%
Debt€139,444▼ 24.0%€120,865▼ 13.3%€89,302▼ 26.1%€77,041▼ 13.7%€90,321▲ 17.2%
Working capital€44,215▲ 116%€98,309▲ 122%€35,918▼ 63.5%-€13,069-€43,115▼ 230%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €61,575 in 2025 against €82,429 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,798
Fixed assets
€11,592 ▼ 73.6%
Current assets
€47,206 ▼ 26.2%
Key figures and ratios
EBITDA
-€29,284▲
2024 · -€48,508
Cash flow
-€30,046▲
2024 · -€48,987
Solvency
-53.6%▼
2024 · 28.6%
Current ratio
0.52▼
2024 · 0.83
Quick ratio
0.19▼
2024 · 0.39
Debt to equity
-2.87▼
2024 · 2.50
ROA
-106.0%▼
2024 · -76.9%
Interest coverage
-53.87▲
2024 · -156.21
Debt ≤ 1 year
€90,321▲
2024 · €77,041
Income taxes
€454=
2024 · €454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,060 | €35,676 | €36,235 | €33,920 | €32,291 | ▼ 4.8% |
| Other operating charges640/8 | €1,694 | €3,048 | €3,304 | €1,471 | €1,314 | ▼ 10.7% |
| Gross operating margin9900 | €78,660 | €108,191 | -€58,310 | -€47,037 | -€27,970 | ▲ 40.5% |
| Operating profit (loss)9901 | €42,906 | €69,467 | -€97,850 | -€82,429 | -€61,575 | ▲ 25.3% |
| Financial income75/76B | €49 | €57 | €53 | €285 | €235 | ▼ 17.8% |
| Recurring financial income75 | €49 | €57 | €53 | €285 | €235 | ▼ 17.8% |
| Financial charges65/66B | €890 | €610 | €376 | €311 | €544 | ▲ 75.0% |
| Recurring financial charges65 | €890 | €610 | €376 | €311 | €544 | ▲ 75.0% |
| Profit (loss) for the period before taxes9903 | €42,065 | €68,914 | -€98,173 | -€82,454 | -€61,884 | ▲ 24.9% |
| Transfer from deferred taxes780 | €2,037 | €8,147 | - | - | - | - |
| Income taxes67/77 | €12,692 | €32,396 | €454 | €454 | €454 | = |
| Profit (loss) for the period9904 | €31,409 | €44,665 | -€98,627 | -€82,907 | -€62,338 | ▲ 24.8% |
| Transfer from tax-exempt reserves789 | €4,849 | €19,396 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €36,258 | €64,061 | -€98,627 | -€82,907 | -€62,338 | ▲ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €315,274 | €333,213 | €203,023 | €107,855 | €58,798 | ▼ 45.5% |
| Fixed assets21/28 | €144,956 | €114,039 | €77,804 | €43,883 | €11,592 | ▼ 73.6% |
| Tangible fixed assets22/27 | €144,770 | €113,852 | €77,617 | €43,697 | €11,406 | ▼ 73.9% |
| Land and buildings22 | €10,840 | €8,782 | €6,723 | €4,665 | €2,607 | ▼ 44.1% |
| Plant, machinery and equipment23 | €129,762 | €100,206 | €68,460 | €38,313 | €8,798 | ▼ 77.0% |
| Furniture and vehicles24 | €4,168 | €4,865 | €2,434 | €719 | - | - |
| Financial fixed assets28 | €186 | €186 | €186 | €186 | €186 | = |
| Current assets29/58 | €170,318 | €219,175 | €125,220 | €63,972 | €47,206 | ▼ 26.2% |
| Stocks and contracts in progress3 | €51,395 | €38,895 | €36,395 | €33,895 | €30,395 | ▼ 10.3% |
| Stocks30/36 | €51,395 | €38,895 | €36,395 | €33,895 | €30,395 | ▼ 10.3% |
| Amounts receivable within one year40/41 | €26,532 | €10,294 | €10,285 | €5,213 | €6,573 | ▲ 26.1% |
| Trade receivables40 | €22,981 | €10,294 | €6,739 | €1,603 | €148 | ▼ 90.8% |
| Other amounts receivable41 | €3,551 | - | €3,546 | €3,610 | €6,425 | ▲ 78.0% |
| Cash at bank and in hand54/58 | €88,630 | €169,985 | €77,134 | €21,177 | €7,832 | ▼ 63.0% |
| Deferred charges and accrued income490/1 | €3,761 | - | €1,405 | €3,686 | €2,406 | ▼ 34.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €315,274 | €333,213 | €203,023 | €107,855 | €58,798 | ▼ 45.5% |
| Equity10/15 | €167,683 | €212,348 | €113,722 | €30,814 | -€31,524 | ▼ 202% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €149,133 | €193,798 | €193,798 | €193,798 | €193,798 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | €32,465 | €13,069 | €13,069 | €13,069 | €13,069 | = |
| Distributable reserves133 | €114,813 | €178,874 | €178,874 | €178,874 | €178,874 | = |
| Profit (loss) carried forward14 | - | - | -€98,627 | -€181,534 | -€243,872 | ▼ 34.3% |
| Provisions and deferred taxes16 | €8,147 | - | - | - | - | - |
| Deferred taxes168 | €8,147 | - | - | - | - | - |
| Amounts payable17/49 | €139,444 | €120,865 | €89,302 | €77,041 | €90,321 | ▲ 17.2% |
| Amounts payable after more than one year17 | €13,341 | - | - | - | - | - |
| Financial debts170/4 | €13,341 | - | - | - | - | - |
| Amounts payable within one year42/48 | €126,102 | €120,865 | €89,302 | €77,041 | €90,321 | ▲ 17.2% |
| Current portion of amounts payable after more than one year42 | €14,289 | €13,341 | - | - | - | - |
| Trade debts44 | €1,941 | - | €2,942 | €2,028 | €988 | ▼ 51.3% |
| Suppliers440/4 | €1,941 | - | €2,942 | €2,028 | €988 | ▼ 51.3% |
| Taxes, remuneration and social security45 | €8,692 | €14,538 | €6,076 | €4,522 | - | - |
| Taxes450/3 | €8,692 | €14,538 | €76 | €172 | - | - |
| Remuneration and social security454/9 | - | - | €6,000 | €4,350 | - | - |
| Other amounts payable47/48 | €101,180 | €92,986 | €80,284 | €70,491 | €89,334 | ▲ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,409 | €44,665 | -€98,627 | -€82,907 | -€62,338 | ▲ 24.8% |
| + Depreciation and write-downs630 | €34,060 | €35,676 | €36,235 | €33,920 | €32,291 | ▼ 4.8% |
| Operating cash flow (approximation) | €65,469 | €80,341 | -€62,392 | -€48,987 | -€30,046 | ▲ 38.7% |
| Investment in fixed assets (approximation) | - | -€4,759 | €0 | €0 | -€0 | - |
| Change in cash | - | €81,355 | -€92,851 | -€55,957 | -€13,345 | ▲ 76.2% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€98,627
Net result drops to -€98,627, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €212,348 ▲26.6%
5 profitable years in a row build equity to €212,348.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €167,683 ▲23%
4 profitable years in a row build equity to €167,683.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €55,657 ▲628%
Operating result €80,696, net result €55,657, both a record.
31-12
Financial
Equity above €100,000Eq €109,959 ▲102%
2 profitable years in a row build equity to €109,959.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Maaseik · 1 establishment unit since 2006
Ground area
2,860 m²
Building footprint
956 m²
Volume, LiDAR
4,480 m³
Parcel 72021D0535/00H000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FRANTRAP
since 20062.151.405.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021D0535/00H000 | Flanders | 2,860 m² | 1 · 956 m² | 9.5 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 20,025 companies in sector 43320 we hold annual accounts for 9,134. 6,833 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
Founded21-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.