FRAP Architects
ActiveFRAP Architects has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34k and a net result of €3k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 11614 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+5
Solvency79▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 2.04 in 2023; short-term debt: 45.6% and cash: 6.6% of total assets), and 45.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
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 2024Solvency, return and age of the figures
Solvency
54.4%
Return on assets
4.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
60 d late
2021
61 d late
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€34k▲ 8.2%
2023 · €31k
2018: €17k
2019: €37k
2020: €26k
2021: €35k
2022: €29k
2023: €31k
2018 → 2024
Total assets
€62k▲ 3.3%
2023 · €60k
2018: €50k
2019: €54k
2020: €44k
2021: €80k
2022: €56k
2023: €60k
2018 → 2024
Net result
€3k▲ 54.9%
2023 · €2k
2018: €-12k
2019: €20k
2020: €-11k
2021: €9k
2022: €-6k
2023: €2k
2018 → 2024
Working capital
€24k▼ 20.2%
2023 · €30k
2018: €15k
2019: €34k
2020: €21k
2021: €32k
2022: €27k
2023: €30k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€35k▲ 34.6%€29k▼ 16.0%€31k▲ 5.6%€34k▲ 8.2%
Operating result€-10k-€10k€-5k€2k€3k▲ 22.5%
Net result€-11k-€9k€-6k€2k€3k▲ 54.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 23% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€10k▲ 649%
Current assets
€52k▼ 11.3%
Equity and liabilities €62k
Equity
€34k▲ 8.2%
Debt
€28k▼ 2.0%
The debt ratio falls from 48.0% to 45.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3k▼
2023 · €4k
Cash flow
€3k▲
2023 · €3k
Solvency
54.4%▲
2023 · 52.0%
Current ratio
1.84▼
2023 · 2.04
Quick ratio
1.84▼
2023 · 2.04
Debt / equity
0.84▼
2023 · 0.92
ROE
7.6%▲
2023 · 5.3%
ROA
4.1%▲
2023 · 2.8%
Interest coverage
11.54▲
2023 · 5.66
Debt
€28k▼
2023 · €29k
Debt ≤ 1 year
€28k▼
2023 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€60k€62k▲
Fixed assets21/28€1k€10k▲
Tangible fixed assets22/27€1k€10k▲
Plant, machinery and equipment23€1k€840▼
Other tangible fixed assets26-€9k
Current assets29/58€59k€52k▼
Amounts receivable within one year40/41€58k€48k▼
Trade receivables40€40k€29k▼
Other amounts receivable41€19k€19k▲
Cash at bank and in hand54/58€53€4k▲
Equity and liabilities
Total equity and liabilities10/49€60k€62k▲
Equity10/15€31k€34k▲
Contributions10/11€12k€12k=
Reserves13€42k€42k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€-24k€-21k▲
Amounts payable17/49€29k€28k▼
Amounts payable within one year42/48€29k€28k▼
Financial debts43€1k-
Credit institutions430/8€1k-
Trade debts44€19k€9k▼
Suppliers440/4€19k€9k▼
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48€5k€12k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€638▼
Other operating charges640/8€8k€537▼
Gross operating margin9900€11k€4k▼
Operating profit (loss)9901€2k€3k▲
Financial income75/76B-€38
Recurring financial income75-€38
Financial charges65/66B€651€300▼
Recurring financial charges65€651€300▼
Profit (loss) for the period before taxes9903€2k€3k▲
Profit (loss) for the period9904€2k€3k▲
Profit (loss) for the period to be appropriated9905€2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-21k▲
Profit (loss) brought forward from the previous period14P€-25k€-24k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.06
Current ratio from 1.44 to 3.06; short-term debt falls from €33k to €17k.
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 86 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schilde · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hyacintenlaan 32970 SchildeGround area
2,621 m²
Building footprint
287 m²
Volume, LiDAR
1,021 m³
Parcel 11041C0241/00V002, Flanders · tallest building 24.2 m. Linked by address, not a title deed.
1 establishment unit
FRAP Architects
since 20082.229.167.193
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041C0241/00V002 | Flanders | 2,621 m² | 1 · 286 m² | 24.2 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0665.557.382
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DEMIRTAS
BE 0775.856.280
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B & J Bouwadvies
BE 0779.924.738
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BATI-LINGUANTI
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,321. 5,032 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-06-2008
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.