FRANVA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is over 20 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €59,443 | €4,034 | - | €4,016 | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €6,112 | €12,366 | €12,821 | €12,981 | €12,868 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2,024 | €2,016 | €2,108 | €1,489 | €521 | ▼ 65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,112 | €12,366 | €12,821 | €12,981 | €12,868 | ▼ 0.9% |
| Other operating charges640/8 | €2,693 | €2,179 | €2,245 | €2,894 | €2,301 | ▼ 20.5% |
| Non-recurring operating charges66A | €86 | €62 | €313 | €108 | €255 | ▲ 136% |
| Gross operating margin9900 | €16,094 | €10,395 | €872 | €18,723 | €41,577 | ▲ 122% |
| Operating profit (loss)9901 | €5,179 | -€6,228 | -€16,615 | €1,251 | €25,631 | ▲ 20× |
| Financial income75/76B | - | €88 | €5 | €254 | €30 | ▼ 88.0% |
| Recurring financial income75 | - | €88 | €5 | €254 | €30 | ▼ 88.0% |
| Financial charges65/66B | €1,386 | €72 | €389 | €60 | €50 | ▼ 17.1% |
| Recurring financial charges65 | €1,386 | €72 | €389 | €60 | €50 | ▼ 17.1% |
| Profit (loss) for the period before taxes9903 | €3,793 | -€6,212 | -€16,999 | €1,445 | €25,612 | ▲ 18× |
| Income taxes67/77 | €1,197 | €190 | €178 | €634 | €3,526 | ▲ 456% |
| Profit (loss) for the period9904 | €2,596 | -€6,402 | -€17,178 | €811 | €22,085 | ▲ 27× |
| Profit (loss) for the period to be appropriated9905 | €2,596 | -€6,402 | -€17,178 | €811 | €22,085 | ▲ 27× |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66,105 | €51,687 | €43,582 | €31,810 | €46,798 | ▲ 47.1% |
| Fixed assets21/28 | €53,331 | €44,999 | €32,177 | €23,212 | €10,344 | ▼ 55.4% |
| Tangible fixed assets22/27 | €53,331 | €44,999 | €32,177 | €23,212 | €10,344 | ▼ 55.4% |
| Plant, machinery and equipment23 | €4,733 | €5,486 | €4,327 | €3,721 | €2,447 | ▼ 34.2% |
| Furniture and vehicles24 | €48,597 | €39,513 | €27,850 | €19,491 | €7,897 | ▼ 59.5% |
| Current assets29/58 | €12,774 | €6,688 | €11,404 | €8,598 | €36,454 | ▲ 324% |
| Amounts receivable within one year40/41 | €9,747 | €1,062 | €10,720 | €1,436 | €437 | ▼ 69.6% |
| Trade receivables40 | €9,747 | €252 | €9,910 | €1,436 | €437 | ▼ 69.6% |
| Other amounts receivable41 | - | €810 | €810 | €0 | - | - |
| Cash at bank and in hand54/58 | €2,523 | €3,911 | €167 | €6,910 | €35,617 | ▲ 415% |
| Deferred charges and accrued income490/1 | €504 | €1,715 | €518 | €252 | €400 | ▲ 58.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66,105 | €51,687 | €43,582 | €31,810 | €46,798 | ▲ 47.1% |
| Equity10/15 | €3,596 | -€2,806 | -€19,984 | -€19,173 | €2,912 | - |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €2,596 | €2,596 | €2,596 | €2,596 | €2,596 | = |
| Distributable reserves133 | €2,596 | €2,596 | €2,596 | €2,596 | €2,596 | = |
| Profit (loss) carried forward14 | - | -€6,402 | -€23,580 | -€22,769 | -€684 | ▲ 97.0% |
| Amounts payable17/49 | €62,509 | €54,493 | €63,566 | €50,983 | €43,886 | ▼ 13.9% |
| Amounts payable after more than one year17 | €34,832 | €24,382 | €13,933 | €3,483 | €0 | ▼ 100% |
| Financial debts170/4 | €34,832 | €24,382 | €13,933 | €3,483 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €27,101 | €30,111 | €48,225 | €44,030 | €42,454 | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | €10,449 | €10,449 | €10,449 | €10,449 | €3,483 | ▼ 66.7% |
| Trade debts44 | €1,975 | €1,400 | €4,179 | €252 | €1,073 | ▲ 326% |
| Suppliers440/4 | €1,975 | €1,400 | €4,179 | €252 | €1,073 | ▲ 326% |
| Advances received on contracts in progress46 | - | €254 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €6,932 | €4,436 | €624 | €929 | €12,697 | ▲ 14× |
| Taxes450/3 | €6,932 | €4,436 | €624 | €929 | €12,697 | ▲ 14× |
| Other amounts payable47/48 | €7,745 | €13,572 | €32,973 | €32,400 | €25,201 | ▼ 22.2% |
| Accrued charges and deferred income492/3 | €576 | - | €1,408 | €3,470 | €1,432 | ▼ 58.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,596 | -€6,402 | -€17,178 | €811 | €22,085 | ▲ 27× |
| + Depreciation and write-downs630 | €6,112 | €12,366 | €12,821 | €12,981 | €12,868 | ▼ 0.9% |
| Operating cash flow (approximation) | €8,708 | €5,964 | -€4,357 | €13,792 | €34,954 | ▲ 153% |
| Investment in fixed assets (approximation) | - | -€4,034 | €0 | -€4,016 | €0 | - |
| Change in cash | - | €1,388 | -€3,744 | €6,743 | €28,707 | ▲ 326% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,153 companies had the same profile as FRANVA has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FRANVA itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for FRANVA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00260811 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00233684 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00187323 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00282188 | |
| 31-12-2021 | micro format | 27-08-2022 | 2022-20328837 |