Franveer
ActiveSummary
Franveer has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €391,684 and a net result of €34,538. Equity is growing by ~18.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-13
Solvency89▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 7.67 against 7.17 in 2023; short-term debt: 6.4% and cash: 9.9% of total assets), and 36.4% of the assets are financed with debt.
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Signals
Two 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 16-06-2026, 45 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
45 d early
2024
57 d early
2023
34 d early
2022
47 d early
2021
40 d early
2020
26 d early
2019
58 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 44 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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. Usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#9 company by equity in Kuurne, Administrative and support services sector#10 company by total assets in Kuurne, Administrative and support services sector
Turnover
€186,100
EBIT margin
48.9%
Net result
€34,538▼ 63.5%
2023 · €94,647
Working capital
€263,359▲ 10.3%
2023 · €238,763
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€55,630▲ 179%€78,136▲ 40.5%€58,858▼ 24.7%€113,838▲ 93.4%€50,359▼ 55.8%
Net result€41,414above the sector's middle half▲ 955%€60,744within the sector's middle half▲ 46.7%€40,289within the sector's middle half▼ 33.7%€94,647within the sector's middle half▲ 135%€34,538within the sector's middle half▼ 63.5%
EBIT margin
Equity€214,266above the sector's middle half▲ 151%€275,010within the sector's middle half▲ 28.3%€310,499within the sector's middle half▲ 12.9%€357,146within the sector's middle half▲ 15.0%€391,684within the sector's middle half▲ 9.7%
Total assets€460,602above the sector's middle half▲ 30.8%€500,687within the sector's middle half▲ 8.7%€511,004within the sector's middle half▲ 2.1%€587,315within the sector's middle half▲ 14.9%€615,988within the sector's middle half▲ 4.9%
Debt€246,336▼ 7.7%€225,676▼ 8.4%€200,505▼ 11.2%€230,169▲ 14.8%€224,304▼ 2.5%
Working capital€155,610above the sector's middle half▲ 1.9%€159,881within the sector's middle half▲ 2.7%€163,997within the sector's middle half▲ 2.6%€238,763within the sector's middle half▲ 45.6%€263,359within the sector's middle half▲ 10.3%
Solvency46.5%within the sector's middle half▲ 22.3pp54.9%within the sector's middle half▲ 8.4pp60.8%within the sector's middle half▲ 5.8pp60.8%within the sector's middle half=63.6%within the sector's middle half▲ 2.8pp
Current ratio5.57above the sector's middle half▼ 17.855.28above the sector's middle half▼ 0.285.53above the sector's middle half▲ 0.257.17above the sector's middle half▲ 1.647.67above the sector's middle half▲ 0.49
Return on assets (ROA)9.0%within the sector's middle half▲ 7.9pp12.1%above the sector's middle half▲ 3.1pp7.9%within the sector's middle half▼ 4.2pp16.1%above the sector's middle half▲ 8.2pp5.6%within the sector's middle half▼ 10.5pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
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 falls in 2024; 2024 is 56% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €615,988
Fixed assets
€313,125 ▲ 1.1%
Current assets
€302,862 ▲ 9.2%
Equity and liabilities €615,988
Equity
€391,684 ▲ 9.7%
Debt
€224,304 ▼ 2.5%
Debt's share of the balance-sheet total falls from 39.2% to 36.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,326▼
2023 · €122,296
Cash flow
€44,505▼
2023 · €103,105
Debt to equity
0.57▼
2023 · 0.64
ROE
8.8%▼
2023 · 26.5%
Interest coverage
28.33▼
2023 · 47.80
Debt ≤ 1 year
€39,503▲
2023 · €38,685
Debt > 1 year
€100,801▼
2023 · €125,409
Income taxes
€13,692▼
2023 · €16,633
Staff costs
€88,734▲
2023 · €56,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,781 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €13,755 | €28,426 | €16,287 | €14,787 | ▼ 9.2% |
| Remuneration, social security and pensions62 | - | €56,400 | €56,400 | €56,400 | €88,734 | ▲ 57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,903 | €6,550 | €7,628 | €8,458 | €9,967 | ▲ 17.8% |
| Other operating charges640/8 | - | €459 | €460 | €1,796 | €1,862 | ▲ 3.7% |
| Gross operating margin9900 | €112,390 | €141,545 | €123,345 | €180,493 | €150,923 | ▼ 16.4% |
| Operating profit (loss)9901 | €55,630 | €78,136 | €58,858 | €113,838 | €50,359 | ▼ 55.8% |
| Recurring financial income75 | €750 | - | - | - | - | - |
| Financial charges65/66B | - | €2,224 | €2,387 | €2,559 | €2,130 | ▼ 16.8% |
| Recurring financial charges65 | €2,497 | €2,224 | €2,387 | €2,559 | €2,130 | ▼ 16.8% |
| Profit (loss) for the period before taxes9903 | €53,883 | €75,912 | €56,471 | €111,280 | €48,229 | ▼ 56.7% |
| Income taxes67/77 | €12,470 | €15,168 | €16,182 | €16,633 | €13,692 | ▼ 17.7% |
| Profit (loss) for the period9904 | €41,414 | €60,744 | €40,289 | €94,647 | €34,538 | ▼ 63.5% |
| Profit (loss) for the period to be appropriated9905 | €41,414 | €60,744 | €40,289 | €94,647 | €34,538 | ▼ 63.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €460,602 | €500,687 | €511,004 | €587,315 | €615,988 | ▲ 4.9% |
| Fixed assets21/28 | €270,914 | €303,471 | €310,789 | €309,867 | €313,125 | ▲ 1.1% |
| Tangible fixed assets22/27 | €270,914 | €303,471 | €310,789 | €309,867 | €313,125 | ▲ 1.1% |
| Land and buildings22 | - | €302,845 | €304,532 | €297,729 | €300,409 | ▲ 0.9% |
| Plant, machinery and equipment23 | - | - | €6,257 | €12,137 | €8,067 | ▼ 33.5% |
| Furniture and vehicles24 | - | €625 | - | - | €4,650 | - |
| Current assets29/58 | €189,689 | €197,216 | €200,214 | €277,448 | €302,862 | ▲ 9.2% |
| Amounts receivable after more than one year29 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Trade receivables290 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Amounts receivable within one year40/41 | €12,705 | €15,478 | €11,556 | €33,489 | €141,747 | ▲ 323% |
| Trade receivables40 | - | €14,883 | €11,556 | €16,565 | €24,248 | ▲ 46.4% |
| Other amounts receivable41 | - | €595 | - | €16,925 | €117,498 | ▲ 594% |
| Cash at bank and in hand54/58 | €76,984 | €81,738 | €88,659 | €143,959 | €61,115 | ▼ 57.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €460,602 | €500,687 | €511,004 | €587,315 | €615,988 | ▲ 4.9% |
| Equity10/15 | €214,266 | €275,010 | €310,499 | €357,146 | €391,684 | ▲ 9.7% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €70,000 | €125,000 | €158,000 | €203,000 | €238,000 | ▲ 17.2% |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | €115,000 | €148,000 | €193,000 | €228,000 | ▲ 18.1% |
| Profit (loss) carried forward14 | €44,266 | €50,010 | €52,499 | €54,146 | €53,684 | ▼ 0.9% |
| Amounts payable17/49 | €246,336 | €225,676 | €200,505 | €230,169 | €224,304 | ▼ 2.5% |
| Amounts payable after more than one year17 | €197,844 | €173,928 | €149,784 | €125,409 | €100,801 | ▼ 19.6% |
| Financial debts170/4 | - | €173,928 | €149,784 | €125,409 | €100,801 | ▼ 19.6% |
| Amounts payable within one year42/48 | €34,079 | €37,335 | €36,218 | €38,685 | €39,503 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €23,916 | €24,144 | €24,375 | €24,608 | ▲ 1.0% |
| Trade debts44 | €147 | €6,900 | €5,079 | - | €404 | - |
| Suppliers440/4 | - | €6,900 | €5,079 | - | €404 | - |
| Taxes, remuneration and social security45 | - | €6,519 | €6,994 | €14,310 | €14,491 | ▲ 1.3% |
| Taxes450/3 | - | €3,519 | €6,994 | €14,310 | €14,491 | ▲ 1.3% |
| Remuneration and social security454/9 | - | €3,000 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €14,413 | €14,504 | €66,075 | €84,000 | ▲ 27.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,414 | €60,744 | €40,289 | €94,647 | €34,538 | ▼ 63.5% |
| + Depreciation and write-downs630 | €2,903 | €6,550 | €7,628 | €8,458 | €9,967 | ▲ 17.8% |
| Operating cash flow (approximation) | €44,316 | €67,294 | €47,916 | €103,105 | €44,505 | ▼ 56.8% |
| Investment in fixed assets (approximation) | - | -€39,106 | -€14,947 | -€7,536 | -€13,226 | ▼ 75.5% |
| Change in cash | - | €4,755 | €6,921 | €55,300 | -€82,843 | ▼ 250% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €94,647 ▲135%
Operating result €113,838, net result €94,647, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €214,266 ▲151%
3 profitable years in a row build equity to €214,266.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €3,925 ▼94.3%
Net result drops to €3,925, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Kuurne · 1 establishment unit since 2017
Ground area
758 m²
Building footprint
285 m²
Volume, LiDAR
1,352 m³
2 parcels, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bavikhovedorp 22, 8531 Harelbeke
since 20172.267.373.218
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023C0218/00D003 | Flanders | 465 m² | 1 · 170 m² | 10.7 m · 1 fl. |
| 34004A0430/00F003 | Flanders | 293 m² | 1 · 115 m² | 10.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,516 companies in sector 82990 we hold annual accounts for 9,420. 6,209 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
Founded27-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
82100Office administrative and support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678943481
Also
9925:BE0678943481
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.