FRANZ
ActiveSummary
FRANZ has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €781,691 and a net result of €36,540. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability79▲+5
Solvency100=
Growth72▲+3
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.48 against 1.91 in 2023; short-term debt: 19.2% and cash: 0.4% of total assets), and 19.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
80.4%
Return on assets
3.8%
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
65 d early
2023
68 d early
2022
76 d early
2021
67 d early
2020
73 d early
2019
72 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 71 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 25 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?LA LORRAINE BAKERY GROUP · 15 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#5 oldest company in Blegny, Manufacturing sector#10 company by equity in Blegny, Manufacturing sector
Turnover
€743,986▲ 31.4%
2023 · €566,409
EBIT margin
6.7%▼ 1.2pp
2023 · 7.9%
Net result
€36,540▼ 13.8%
2023 · €42,397
Working capital
€277,230▲ 125%
2023 · €122,961
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line20202021202220232025
Turnover€373,617▼ 20.7%€506,611▲ 35.6%€596,113▲ 17.7%€566,409▼ 5.0%€743,986-
Operating result€26,699▼ 68.6%€96,372▲ 261%€127,313▲ 32.1%€44,586▼ 65.0%€49,981-
Net result€26,316within the sector's middle half▼ 60.6%€79,765within the sector's middle half▲ 203%€105,661within the sector's middle half▲ 32.5%€42,397within the sector's middle half▼ 59.9%€36,540within the sector's middle half-
EBIT margin7.1%▼ 10.9pp19.0%▲ 11.9pp21.4%▲ 2.3pp7.9%▼ 13.5pp6.7%-
Equity€474,786within the sector's middle half▲ 5.9%€554,551within the sector's middle half▲ 16.8%€660,212within the sector's middle half▲ 19.1%€702,610within the sector's middle half▲ 6.4%€781,691within the sector's middle half-
Total assets€583,106below the sector's middle half▲ 2.2%€672,334below the sector's middle half▲ 15.3%€802,474below the sector's middle half▲ 19.4%€838,254below the sector's middle half▲ 4.5%€971,799below the sector's middle half-
Debt€108,321▼ 11.1%€117,783▲ 8.7%€142,261▲ 20.8%€135,644▼ 4.7%€190,108-
Working capital€471,295within the sector's middle half▲ 6.8%€550,884within the sector's middle half▲ 16.9%€650,712within the sector's middle half▲ 18.1%€122,961within the sector's middle half▼ 81.1%€277,230within the sector's middle half-
Solvency81.4%above the sector's middle half▲ 2.8pp82.5%above the sector's middle half▲ 1.1pp82.3%above the sector's middle half▼ 0.2pp83.8%above the sector's middle half▲ 1.5pp80.4%above the sector's middle half-
Current ratio5.35above the sector's middle half▲ 0.735.68above the sector's middle half▲ 0.335.57above the sector's middle half▼ 0.101.91within the sector's middle half▼ 3.672.48above the sector's middle half-
Return on assets (ROA)4.5%within the sector's middle half▼ 7.2pp11.9%above the sector's middle half▲ 7.4pp13.2%above the sector's middle half▲ 1.3pp5.1%within the sector's middle half▼ 8.1pp3.8%within the sector's middle half-
Staff (FTE)3.6below the sector's middle half▼ 12.2%3.6below the sector's middle half=5.5below the sector's middle half▲ 52.8%5.7below the sector's middle half▲ 3.6%5.5below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €49,981 in 2025, compared with €44,586 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €971,799
Fixed assets
€507,676 ▼ 12.4%
Current assets
€464,123 ▲ 79.5%
Equity and liabilities €971,799
Equity
€781,691 ▲ 11.3%
Debt
€190,108 ▲ 40.2%
Debt's share of the balance-sheet total rises from 16.2% to 19.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€131,038▲
2023 · €72,870
Cash flow
€117,597▲
2023 · €70,682
Quick ratio
2.20▲
2023 · 1.55
Debt to equity
0.24▲
2023 · 0.19
ROE
4.7%▼
2023 · 6.0%
Interest coverage
60.28▼
2023 · 2119.55
Debt ≤ 1 year
€186,893▲
2023 · €135,644
Income taxes
€16,309▼
2023 · €16,550
Staff costs
€304,028▲
2023 · €294,833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €499,119 | €601,827 | €574,472 | €748,977 | - |
| Turnover70 | €373,617 | €506,611 | €596,113 | €566,409 | €743,986 | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€9,113 | €2,652 | €4,587 | €2,226 | - |
| Other operating income74 | - | €1,620 | €3,062 | €3,476 | €2,765 | - |
| Operating charges60/66A | - | €402,747 | €474,514 | €529,886 | €698,996 | - |
| Goods for resale, raw materials and consumables60 | - | €96,850 | €104,314 | €96,663 | €166,530 | - |
| Purchases600/8 | - | €92,781 | €116,641 | €93,808 | €168,063 | - |
| Change in stocks: decrease (increase)609 | - | €4,069 | -€12,327 | €2,855 | -€1,533 | - |
| Services and other goods61 | - | €133,216 | €110,764 | €106,330 | €143,137 | - |
| Remuneration, social security and pensions62 | - | €168,041 | €255,526 | €294,833 | €304,028 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,795 | €951 | €818 | €28,285 | €81,057 | - |
| Other operating charges640/8 | - | €3,689 | €3,091 | €3,776 | €4,244 | - |
| Operating profit (loss)9901 | €26,699 | €96,372 | €127,313 | €44,586 | €49,981 | - |
| Financial income75/76B | - | €15,536 | €18,365 | €16,527 | €5,042 | - |
| Recurring financial income75 | €13,678 | €15,536 | €18,365 | €16,527 | €5,042 | - |
| Income from current assets751 | - | - | - | - | €872 | - |
| Other financial income752/9 | - | €15,536 | €18,365 | €16,527 | €4,170 | - |
| Financial charges65/66B | - | €1,628 | €2,048 | €2,165 | €2,174 | - |
| Recurring financial charges65 | €2,324 | €1,628 | €2,048 | €2,165 | €2,174 | - |
| Debt charges650 | €19 | - | €38 | €34 | - | - |
| Other financial charges652/9 | - | €1,628 | €2,010 | €2,130 | €2,174 | - |
| Profit (loss) for the period before taxes9903 | €38,054 | €110,281 | €143,630 | €58,948 | €52,849 | - |
| Income taxes67/77 | €11,738 | €30,515 | €37,969 | €16,550 | €16,309 | - |
| Taxes670/3 | - | €31,000 | €38,000 | €16,700 | €16,309 | - |
| Tax adjustments and reversals of tax provisions77 | - | €485 | €31 | €150 | - | - |
| Profit (loss) for the period9904 | €26,316 | €79,765 | €105,661 | €42,397 | €36,540 | - |
| Profit (loss) for the period to be appropriated9905 | €26,316 | €79,765 | €105,661 | €42,397 | €36,540 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €583,106 | €672,334 | €802,474 | €838,254 | €971,799 | - |
| Fixed assets21/28 | €3,490 | €3,667 | €9,501 | €579,649 | €507,676 | - |
| Tangible fixed assets22/27 | €2,933 | €3,109 | €8,943 | €579,091 | €507,118 | - |
| Land and buildings22 | - | €2,125 | €1,961 | €1,798 | €1,470 | - |
| Plant, machinery and equipment23 | - | €416 | €6,474 | €576,847 | €505,323 | - |
| Furniture and vehicles24 | - | €569 | €508 | €447 | €325 | - |
| Financial fixed assets28 | €558 | €558 | €558 | €558 | €558 | - |
| Other financial fixed assets284/8 | - | €558 | €558 | €558 | €558 | - |
| Amounts receivable and cash guarantees285/8 | - | €558 | €558 | €558 | €558 | - |
| Current assets29/58 | €579,616 | €668,667 | €792,973 | €258,604 | €464,123 | - |
| Stocks and contracts in progress3 | €44,921 | €31,740 | €46,719 | €48,451 | €53,879 | - |
| Stocks30/36 | - | €31,740 | €46,719 | €48,451 | €53,879 | - |
| Raw materials and consumables30/31 | - | €24,983 | €37,311 | €34,456 | €41,566 | - |
| Finished goods33 | - | €6,757 | €9,409 | €13,995 | €12,313 | - |
| Amounts receivable within one year40/41 | €532,389 | €632,569 | €738,848 | €202,715 | €406,191 | - |
| Trade receivables40 | - | €27,811 | €27,201 | €39,935 | €36,255 | - |
| Other amounts receivable41 | - | €604,758 | €711,648 | €162,780 | €369,936 | - |
| Cash at bank and in hand54/58 | €2,305 | €4,358 | €7,405 | €7,438 | €4,053 | - |
| Deferred charges and accrued income490/1 | - | - | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €583,106 | €672,334 | €802,474 | €838,254 | €971,799 | - |
| Equity10/15 | €474,786 | €554,551 | €660,212 | €702,610 | €781,691 | - |
| Contributions10/11 | €62,325 | €62,325 | €62,325 | €62,325 | €62,325 | - |
| Capital10 | - | €62,325 | €62,325 | €62,325 | €62,325 | - |
| Issued capital100 | - | €62,325 | €62,325 | €62,325 | €62,325 | - |
| Reserves13 | €26,233 | €26,233 | €26,233 | €26,233 | €26,233 | - |
| Non-distributable reserves130/1 | - | €6,233 | €6,233 | €6,233 | €6,233 | - |
| Legal reserve130 | - | €6,233 | €6,233 | €6,233 | €6,233 | - |
| Distributable reserves133 | - | €20,000 | €20,000 | €20,000 | €20,000 | - |
| Profit (loss) carried forward14 | €386,228 | €465,993 | €571,654 | €614,052 | €693,133 | - |
| Amounts payable17/49 | €108,321 | €117,783 | €142,261 | €135,644 | €190,108 | - |
| Amounts payable within one year42/48 | €108,321 | €117,783 | €142,261 | €135,644 | €186,893 | - |
| Trade debts44 | €37,718 | €30,067 | €34,454 | €51,187 | €80,555 | - |
| Suppliers440/4 | - | €30,067 | €34,454 | €51,187 | €80,555 | - |
| Taxes, remuneration and social security45 | - | €87,716 | €107,807 | €84,457 | €106,338 | - |
| Taxes450/3 | - | €39,709 | €51,499 | €12,515 | €26,360 | - |
| Remuneration and social security454/9 | - | €48,007 | €56,308 | €71,942 | €79,978 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,215 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,316 | €79,765 | €105,661 | €42,397 | €36,540 | - |
| + Depreciation and write-downs630 | €3,795 | €951 | €818 | €28,285 | €81,057 | - |
| Operating cash flow (approximation) | €30,111 | €80,716 | €106,479 | €70,682 | €117,597 | - |
| Investment in fixed assets (approximation) | - | -€1,127 | -€6,652 | -€598,433 | - | - |
| Change in cash | - | €2,053 | €3,047 | €32 | - | - |
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €105,661 ▲32.5%
Operating result €127,313, net result €105,661, both a record.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500,000Eq €554,551 ▲16.8%
4 profitable years in a row build equity to €554,551.
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €26,316 ▼60.6%
Net result drops to €26,316, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 219 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Blégny · 1 establishment unit since 1986
Ground area
3.4 ha
Building footprint
2.0 ha
Volume, LiDAR
188,839 m³
2 parcels, Wallonia · tallest building 35.2 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue Saint-Gilles 24, 4000 Liège
since 19862.029.193.676
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62010F0014/00H000 | Wallonia | 3.4 ha | 1 · 2.0 ha | 35.2 m · 3 fl. |
| 62813E0489/00H000 | Wallonia | 184 m² | 1 · 109 m² | 17.5 m · 5 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.
Structure & network
Part of the group
LA LORRAINE BAKERY GROUP
15 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- LA LORRAINE BAKERY GROUP
- FRANZ
Highest known parent: LA LORRAINE BAKERY GROUP. The sources do not say who stands above it.
Owners 2
-
100%
-
1%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of FRANZ and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.029.193.676
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Of 728 companies in sector 10820 we hold annual accounts for 354. 218 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-03-1986
Fiscal year end31-12
Activities, NACEBEL 2025
10820Manufacture of cocoa, chocolate and sugar confectionery
47241Retail sale of bread and pastry (bakery outlets)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428700705
Also
9925:BE0428700705
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.