FRAPAL
Dissolution or liquidationSummary
The KBO register records for FRAPAL the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €241,097 and a net result of -€160,981.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€160,981
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 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 d early
2024
84 d early
2023
104 d late
2022
50 d late
2021
415 d late
2020
10 d late
2019
273 d late
← 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 94 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Development of residential building projects sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€241,097▼ 40.0%
2024 · €402,078
Total assets
€3.4m▲ 6.8%
2024 · €3.2m
Net result
-€160,981▼ 37.2%
2024 · -€117,358
Working capital
-€419,273▼ 1,292%
2024 · -€30,113
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€135,920▲ 191%-€123,183€44,977€30,547▼ 32.1%€18,441▼ 39.6%
Net result€79,426▲ 155%-€4,092-€124,234▼ 2,936%-€117,358▲ 5.5%-€160,981▼ 37.2%
Equity€642,989▲ 14.1%€643,670▲ 0.1%€519,436▼ 19.3%€402,078▼ 22.6%€241,097▼ 40.0%
Total assets€3.8m▼ 15.6%€3.3m▼ 11.1%€3.3m▼ 1.9%€3.2m▼ 2.1%€3.4m▲ 6.8%
Debt€3.1m▼ 20.0%€2.7m▼ 13.3%€2.7m▲ 2.4%€2.8m▲ 1.8%€3.2m▲ 13.7%
Working capital€154,886▲ 280%€127,335▼ 17.8%€74,226▼ 41.7%-€30,113-€419,273▼ 1,292%
Staff (FTE)0.5▼ 37.5%0.5=1▲ 100%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -2,936% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€713,821 ▲ 52.3%
Current assets
€2.7m ▼ 1.0%
Equity and liabilities €3.4m
Equity
€241,097 ▼ 40.0%
Provisions
€16,076 ▼ 13.1%
Debt
€3.2m ▲ 13.7%
Debt's share of the balance-sheet total rises from 86.9% to 92.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65,857▼
2024 · €78,966
Cash flow
-€113,565▼
2024 · -€68,939
Current ratio
0.87▼
2024 · 0.99
Quick ratio
0.07▼
2024 · 0.09
Debt to equity
13.16▲
2024 · 6.94
ROE
-66.8%▼
2024 · -29.2%
ROA
-4.7%▼
2024 · -3.7%
Interest coverage
0.36▼
2024 · 0.45
Debt ≤ 1 year
€3.1m▲
2024 · €2.8m
Debt > 1 year
€22,375▲
2024 · €17,875
Staff costs
-€341▼
2024 · €10,652
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,000 | - | - | €3,000 | - |
| Remuneration, social security and pensions62 | €174 | €22,004 | €40,032 | €10,652 | -€341 | ▼ 103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,581 | €48,492 | €55,274 | €48,419 | €47,416 | ▼ 2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€893 | €18,936 | €21,483 | - | - | - |
| Other operating charges640/8 | €17,273 | €56,473 | €33,417 | €60,642 | €78,733 | ▲ 29.8% |
| Non-recurring operating charges66A | €3,667 | - | €24,572 | €22,845 | €0 | ▼ 100% |
| Gross operating margin9900 | €205,723 | €22,722 | €219,755 | €173,105 | €144,249 | ▼ 16.7% |
| Operating profit (loss)9901 | €135,920 | -€123,183 | €44,977 | €30,547 | €18,441 | ▼ 39.6% |
| Financial income75/76B | €5,295 | €125,355 | €2,172 | €24,542 | €759 | ▼ 96.9% |
| Recurring financial income75 | €5,295 | €125,354 | €556 | €762 | €2 | ▼ 99.7% |
| Non-recurring financial income76B | - | €0 | €1,616 | €23,780 | €757 | ▼ 96.8% |
| Financial charges65/66B | €19,903 | €23,898 | €173,802 | €174,438 | €182,600 | ▲ 4.7% |
| Recurring financial charges65 | €19,903 | €23,898 | €173,802 | €174,438 | €182,426 | ▲ 4.6% |
| Non-recurring financial charges66B | - | - | - | - | €174 | - |
| Profit (loss) for the period before taxes9903 | €121,313 | -€21,726 | -€126,653 | -€119,350 | -€163,400 | ▼ 36.9% |
| Transfer from deferred taxes780 | €2,806 | €2,419 | €2,419 | €2,419 | €2,419 | = |
| Income taxes67/77 | €44,693 | -€15,215 | - | €428 | - | - |
| Profit (loss) for the period9904 | €79,426 | -€4,092 | -€124,234 | -€117,358 | -€160,981 | ▼ 37.2% |
| Transfer from tax-exempt reserves789 | €6,870 | €7,257 | €7,257 | €7,257 | €7,257 | = |
| Profit (loss) for the period to be appropriated9905 | €86,296 | €3,165 | -€116,977 | -€110,101 | -€153,723 | ▼ 39.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €3.3m | €3.3m | €3.2m | €3.4m | ▲ 6.8% |
| Fixed assets21/28 | €551,910 | €569,822 | €480,759 | €468,561 | €713,821 | ▲ 52.3% |
| Tangible fixed assets22/27 | €550,785 | €568,697 | €479,634 | €467,436 | €712,696 | ▲ 52.5% |
| Land and buildings22 | €550,785 | €513,531 | €478,425 | €467,436 | €712,696 | ▲ 52.5% |
| Furniture and vehicles24 | - | - | €1,209 | - | - | - |
| Assets under construction and advance payments27 | - | €55,166 | - | - | - | - |
| Financial fixed assets28 | €1,125 | €1,125 | €1,125 | €1,125 | €1,125 | = |
| Current assets29/58 | €3.2m | €2.8m | €2.8m | €2.7m | €2.7m | ▼ 1.0% |
| Stocks and contracts in progress3 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | ▲ 0.6% |
| Stocks30/36 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | ▲ 0.6% |
| Amounts receivable within one year40/41 | €272,572 | €312,076 | €334,875 | €262,965 | €222,356 | ▼ 15.4% |
| Trade receivables40 | €131,975 | €191,534 | €240,448 | €216,855 | €160,470 | ▼ 26.0% |
| Other amounts receivable41 | €140,598 | €120,542 | €94,427 | €46,110 | €61,886 | ▲ 34.2% |
| Current investments50/53 | €478,784 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €5,158 | €1,543 | €4,417 | €26 | - | - |
| Deferred charges and accrued income490/1 | €51 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €3.3m | €3.3m | €3.2m | €3.4m | ▲ 6.8% |
| Equity10/15 | €642,989 | €643,670 | €519,436 | €402,078 | €241,097 | ▼ 40.0% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €110,000 | €110,000 | = |
| Reserves13 | €82,483 | €80,000 | €72,743 | €55,485 | €48,228 | ▼ 13.1% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | - | - | - |
| Reserves not available under the articles1311 | €10,000 | €10,000 | €10,000 | - | - | - |
| Tax-exempt reserves132 | €72,483 | €70,000 | €62,743 | €55,485 | €48,228 | ▼ 13.1% |
| Profit (loss) carried forward14 | €460,505 | €463,670 | €346,693 | €236,593 | €82,869 | ▼ 65.0% |
| Provisions and deferred taxes16 | €30,527 | €23,333 | €20,914 | €18,495 | €16,076 | ▼ 13.1% |
| Deferred taxes168 | €30,527 | €23,333 | €20,914 | €18,495 | €16,076 | ▼ 13.1% |
| Amounts payable17/49 | €3.1m | €2.7m | €2.7m | €2.8m | €3.2m | ▲ 13.7% |
| Amounts payable after more than one year17 | €12,830 | €14,635 | €14,635 | €17,875 | €22,375 | ▲ 25.2% |
| Other amounts payable178/9 | €12,830 | €14,635 | €14,635 | €17,875 | €22,375 | ▲ 25.2% |
| Amounts payable within one year42/48 | €3.1m | €2.6m | €2.7m | €2.8m | €3.1m | ▲ 13.1% |
| Financial debts43 | €2.3m | €1.8m | €1.8m | €1.8m | €1.8m | ▼ 0.4% |
| Credit institutions430/8 | €2.3m | €1.8m | €1.8m | €1.8m | €1.8m | ▼ 0.4% |
| Trade debts44 | €326,282 | €467,638 | €485,075 | €571,143 | €955,433 | ▲ 67.3% |
| Suppliers440/4 | €326,282 | €467,638 | €485,075 | €571,143 | €955,433 | ▲ 67.3% |
| Taxes, remuneration and social security45 | €120,280 | €45,867 | €37,594 | €8,040 | €10,261 | ▲ 27.6% |
| Taxes450/3 | €120,280 | €41,867 | €35,926 | €7,826 | €10,261 | ▲ 31.1% |
| Remuneration and social security454/9 | - | €4,000 | €1,668 | €214 | €0 | ▼ 100% |
| Other amounts payable47/48 | €284,175 | €365,619 | €415,626 | €375,008 | €358,236 | ▼ 4.5% |
| Accrued charges and deferred income492/3 | €20,451 | €15,518 | - | - | €15,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,426 | -€4,092 | -€124,234 | -€117,358 | -€160,981 | ▼ 37.2% |
| + Depreciation and write-downs630 | €49,581 | €48,492 | €55,274 | €48,419 | €47,416 | ▼ 2.1% |
| Operating cash flow (approximation) | €129,007 | €44,400 | -€68,961 | -€68,939 | -€113,565 | ▼ 64.7% |
| Investment in fixed assets (approximation) | - | -€66,404 | €33,789 | -€36,221 | -€292,676 | ▼ 708% |
| Change in cash | - | -€3,615 | €2,874 | -€4,391 | - | - |
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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€160,981
Net result drops to -€160,981, the lowest in the series.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 104 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 50 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 415 days late
2021
31-12
Financial
Highest result since 2018net €79,426 ▲155%
Operating result €135,920, net result €79,426, both a record.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 273 days late
2019
31-12
Financial
Equity above €500,000Eq €532,419 ▲9.7%
2 profitable years in a row build equity to €532,419.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 226 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 1977
Ground area
323 m²
Building footprint
835 m²
Volume, LiDAR
5,379 m³
Parcel 44432C0988/00S000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dendermondsesteenweg 419, 9040 Gent
since 19772.013.516.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0988/00S000 | Flanders | 323 m² | 1 · 835 m² | 12.2 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
254900ZFCGIPS5OFZ259
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,263 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
Founded29-03-1977
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
46442Wholesale trade
46494Wholesale of non-electrical household articles
47530Retail trade
47551Retail sale of household furniture
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417144342
Registered
27-03-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.