FRANTZEN CONSULTING
ActiveSummary
FRANTZEN CONSULTING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349k and a net result of €5k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 77% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-57
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.49 against 4.95 in 2024; short-term debt: 19.1% and cash: 12.5% of total assets), and 19.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
80.9%
Return on assets
1.1%
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
8 d early
2023
19 d early
2022
28 d early
2021
3 d early
2020
5 d early
2019
16 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, micro schema
Equity
€349k▲ 1.4%
2024 · €344k
2018: €152k
2019: €154k▲ +1.1% vs 2018
2020: €116k▼ -24.6% vs 2019lowest in 8 years
2021: €129k▲ +11.2% vs 2020
2022: €213k▲ +65.4% vs 2021
2023: €265k▲ +24.4% vs 2022
2024: €344k▲ +29.9% vs 2023
2025: €349k▲ +1.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€431k▼ 6.1%
2024 · €460k
2018: €214k
2019: €217k▲ +1.4% vs 2018
2020: €181k▼ -16.6% vs 2019lowest in 8 years
2021: €244k▲ +35.0% vs 2020
2022: €305k▲ +25.1% vs 2021
2023: €351k▲ +15.0% vs 2022
2024: €460k▲ +31.0% vs 2023highest in 8 years
2025: €431k▼ -6.1% vs 2024
2018 → 2025
Net result
€5k▼ 93.9%
2024 · €79k
2018: €13k
2019: €3k▼ -74.3% vs 2018
2020: €-38k▼ -1244% vs 2019lowest in 8 years
2021: €13k▲ +134% vs 2020
2022: €84k▲ +549% vs 2021highest in 8 years
2023: €52k▼ -38.3% vs 2022
2024: €79k▲ +52.3% vs 2023
2025: €5k▼ -93.9% vs 2024
2018 → 2025
Working capital
€287k▼ 3.4%
2024 · €297k
2018: €142k
2019: €152k▲ +7.0% vs 2018
2020: €109k▼ -28.5% vs 2019lowest in 8 years
2021: €134k▲ +23.2% vs 2020
2022: €196k▲ +46.1% vs 2021
2023: €194k▼ -1.0% vs 2022
2024: €297k▲ +53.6% vs 2023highest in 8 years
2025: €287k▼ -3.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€213k▲ 65.4%€265k▲ 24.4%€344k▲ 29.9%€349k▲ 1.4%
2021: €129klowest in 5 years
2022: €213k▲ +65.4% vs 2021
2023: €265k▲ +24.4% vs 2022
2024: €344k▲ +29.9% vs 2023
2025: €349k▲ +1.4% vs 2024highest in 5 years
Operating result€15k-€111k▲ 657%€77k▼ 30.5%€111k▲ 43.8%€62k▼ 44.2%
2021: €15klowest in 5 years
2022: €111k▲ +657% vs 2021highest in 5 years
2023: €77k▼ -30.5% vs 2022
2024: €111k▲ +43.8% vs 2023
2025: €62k▼ -44.2% vs 2024
Net result€13k-€84k▲ 549%€52k▼ 38.3%€79k▲ 52.3%€5k▼ 93.9%
2021: €13k
2022: €84k▲ +549% vs 2021highest in 5 years
2023: €52k▼ -38.3% vs 2022
2024: €79k▲ +52.3% vs 2023
2025: €5k▼ -93.9% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €431k
Fixed assets
€62k ▼ 29.0%
Current assets
€370k ▼ 0.8%
Equity and liabilities €431k
Equity
€349k ▲ 1.4%
Debt
€82k ▼ 28.7%
Debt's share of the balance-sheet total falls from 25.1% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▼
2024 · €142k
Cash flow
€33k▼
2024 · €110k
Current ratio
4.49▼
2024 · 4.95
Debt to equity
0.24▼
2024 · 0.34
ROE
1.4%▼
2024 · 23.0%
ROA
1.1%▼
2024 · 17.2%
Interest coverage
1.56▼
2024 · 39.73
Debt ≤ 1 year
€82k▲
2024 · €75k
Debt > 1 year
€0▼
2024 · €40k
Income taxes
€4k▼
2024 · €33k
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€460k€431k▼
Fixed assets21/28€87k€62k▼
Tangible fixed assets22/27€87k€62k▼
Land and buildings22€24k€14k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€59k€46k▼
Current assets29/58€373k€370k▼
Amounts receivable within one year40/41€51k€39k▼
Trade receivables40€51k€21k▼
Other amounts receivable41-€17k
Current investments50/53€175k€275k▲
Cash at bank and in hand54/58€145k€54k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€460k€431k▼
Equity10/15€344k€349k▲
Contributions10/11€12k€12k=
Reserves13€332k€337k▲
Distributable reserves133€332k€337k▲
Amounts payable17/49€115k€82k▼
Amounts payable after more than one year17€40k€0▼
Other amounts payable178/9€40k€0▼
Amounts payable within one year42/48€75k€82k▲
Financial debts43€625€578▼
Credit institutions430/8€625€578▼
Trade debts44€26k€32k▲
Suppliers440/4€26k€32k▲
Taxes, remuneration and social security45€31k€24k▼
Taxes450/3€31k€24k▼
Other amounts payable47/48€17k€26k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€28k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€0
Gross operating margin9900€143k€92k▼
Operating profit (loss)9901€111k€62k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€4k€58k▲
Recurring financial charges65€4k€58k▲
Profit (loss) for the period before taxes9903€112k€9k▼
Income taxes67/77€33k€4k▼
Profit (loss) for the period9904€79k€5k▼
Profit (loss) for the period to be appropriated9905€79k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€5k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€79k€5k▼
To other reserves6921€79k€5k▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €15k | €19k | €30k | €28k | ▼ 6.6% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €1k | ▼ 4.8% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Gross operating margin9900 | €33k | €128k | €98k | €143k | €92k | ▼ 35.8% |
| Operating profit (loss)9901 | €15k | €111k | €77k | €111k | €62k | ▼ 44.2% |
| Financial income75/76B | €1 | €0 | - | €4k | €5k | ▲ 16.3% |
| Recurring financial income75 | €1 | €0 | - | €4k | €5k | ▲ 16.3% |
| Financial charges65/66B | €279 | €510 | €3k | €4k | €58k | ▲ 1,529% |
| Recurring financial charges65 | €279 | €510 | €3k | €4k | €58k | ▲ 1,529% |
| Profit (loss) for the period before taxes9903 | €14k | €111k | €74k | €112k | €9k | ▼ 92.0% |
| Income taxes67/77 | €1k | €26k | €22k | €33k | €4k | ▼ 87.6% |
| Profit (loss) for the period9904 | €13k | €84k | €52k | €79k | €5k | ▼ 93.9% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13k | €84k | €52k | €79k | €5k | ▼ 93.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €244k | €305k | €351k | €460k | €431k | ▼ 6.1% |
| Fixed assets21/28 | €35k | €57k | €111k | €87k | €62k | ▼ 29.0% |
| Tangible fixed assets22/27 | €35k | €57k | €111k | €87k | €62k | ▼ 29.0% |
| Land and buildings22 | €20k | €49k | €36k | €24k | €14k | ▼ 41.6% |
| Plant, machinery and equipment23 | €8k | €5k | €3k | €4k | €2k | ▼ 50.1% |
| Furniture and vehicles24 | €7k | €4k | €72k | €59k | €46k | ▼ 22.4% |
| Current assets29/58 | €209k | €248k | €239k | €373k | €370k | ▼ 0.8% |
| Amounts receivable within one year40/41 | €45k | €102k | €106k | €51k | €39k | ▼ 23.6% |
| Trade receivables40 | €43k | €97k | €106k | €51k | €21k | ▼ 57.8% |
| Other amounts receivable41 | €2k | €4k | €0 | - | €17k | - |
| Current investments50/53 | - | - | €100k | €175k | €275k | ▲ 57.1% |
| Cash at bank and in hand54/58 | €164k | €146k | €32k | €145k | €54k | ▼ 62.9% |
| Deferred charges and accrued income490/1 | €353 | €438 | €2k | €2k | €2k | ▲ 17.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €244k | €305k | €351k | €460k | €431k | ▼ 6.1% |
| Equity10/15 | €129k | €213k | €265k | €344k | €349k | ▲ 1.4% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €59k | €143k | €253k | €332k | €337k | ▲ 1.5% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €56k | €140k | €253k | €332k | €337k | ▲ 1.5% |
| Profit (loss) carried forward14 | €58k | €58k | €0 | - | - | - |
| Amounts payable17/49 | €115k | €92k | €86k | €115k | €82k | ▼ 28.7% |
| Amounts payable after more than one year17 | €40k | €40k | €40k | €40k | €0 | ▼ 100% |
| Other amounts payable178/9 | €40k | €40k | €40k | €40k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €75k | €52k | €46k | €75k | €82k | ▲ 9.2% |
| Financial debts43 | €236 | €28 | €200 | €625 | €578 | ▼ 7.5% |
| Credit institutions430/8 | €236 | €28 | €200 | €625 | €578 | ▼ 7.5% |
| Trade debts44 | €18k | €46k | €21k | €26k | €32k | ▲ 20.9% |
| Suppliers440/4 | €18k | €46k | €21k | €26k | €32k | ▲ 20.9% |
| Taxes, remuneration and social security45 | €14k | €5k | €6k | €31k | €24k | ▼ 24.1% |
| Taxes450/3 | €14k | €5k | €6k | €31k | €24k | ▼ 24.1% |
| Other amounts payable47/48 | €43k | €2k | €18k | €17k | €26k | ▲ 52.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €84k | €52k | €79k | €5k | ▼ 93.9% |
| + Depreciation and write-downs630 | €17k | €15k | €19k | €30k | €28k | ▼ 6.6% |
| Operating cash flow (approximation) | €30k | €100k | €71k | €110k | €33k | ▼ 69.6% |
| Investment in fixed assets (approximation) | - | €-38k | €-73k | €-6k | €-3k | ▲ 43.8% |
| Change in cash | - | €-18k | €-114k | €113k | €-91k | ▼ 181% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €84k ▲549%
Operating result €111k, net result €84k, both a record.
31-12
Financial
Equity above €200kEq €213k ▲65.4%
2 profitable years in a row build equity to €213k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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 2002
Ground area
35 m²
Parcel 72021A1584/00D002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kriekelsheuvelstraat 64, 3680 Maaseik
since 20022.114.474.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1584/00D002 | Flanders | 35 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 735 EUR awarded · 735 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 735 EUR | 735 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900YYAQRXISP2CJ06
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,250 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
Founded11-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.