FRAPAU
ActiveSummary
FRAPAU has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €393k and a net result of €28k. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-7
Solvency61▼-4
Growth75=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.49 in 2024; short-term debt: 14.7% and cash: 2.8% of total assets), but 64.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer 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
35.6%
Return on assets
2.5%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
13 d early
2023
13 d early
2022
3 d early
2021
2 d early
2020
20 d late
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€222k▲ 10.8%
2018 · €200k
2018: €200k
2019: €222k▲ +10.8% vs 2018
2018 → 2019
EBIT margin
25.9%▲ 6.1pp
2018 · 19.8%
2018: 19.8%
2019: 25.9%▲ +31.0% vs 2018
2018 → 2019
Net result
€28k▼ 64.6%
2024 · €78k
2018: €22klowest in 8 years
2019: €37k▲ +63.4% vs 2018
2020: €37k▲ +1.8% vs 2019
2021: €41k▲ +10.0% vs 2020
2022: €79k▲ +94.0% vs 2021highest in 8 years
2023: €79k▼ -0.2% vs 2022
2024: €78k▼ -1.2% vs 2023
2025: €28k▼ -64.6% vs 2024
2018 → 2025
Working capital
€164k▲ 86.4%
2024 · €88k
2018: €45k
2019: €66k▲ +47.2% vs 2018
2020: €-28k▼ -142% vs 2019
2021: €10k▲ +138% vs 2020
2022: €-35k▼ -438% vs 2021lowest in 8 years
2023: €20k▲ +158% vs 2022
2024: €88k▲ +330% vs 2023
2025: €164k▲ +86.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€223k▲ 55.3%€287k▲ 28.5%€365k▲ 27.3%€393k▲ 7.6%
2021: €144klowest in 5 years
2022: €223k▲ +55.3% vs 2021
2023: €287k▲ +28.5% vs 2022
2024: €365k▲ +27.3% vs 2023
2025: €393k▲ +7.6% vs 2024highest in 5 years
Operating result€61k-€122k▲ 102%€122k=€122k▼ 0.3%€56k▼ 54.1%
2021: €61k
2022: €122k▲ +102% vs 2021highest in 5 years
2023: €122k● -0.0% vs 2022
2024: €122k▼ -0.3% vs 2023
2025: €56k▼ -54.1% vs 2024lowest in 5 years
Net result€41k-€79k▲ 94.0%€79k▼ 0.2%€78k▼ 1.2%€28k▼ 64.6%
2021: €41k
2022: €79k▲ +94.0% vs 2021highest in 5 years
2023: €79k▼ -0.2% vs 2022
2024: €78k▼ -1.2% vs 2023
2025: €28k▼ -64.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€778k ▲ 19.8%
Current assets
€326k ▲ 21.9%
Equity and liabilities €1.10M
Equity
€393k ▲ 7.6%
Debt
€711k ▲ 28.9%
Debt's share of the balance-sheet total rises from 60.2% to 64.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120k▼
2024 · €183k
Cash flow
€92k▼
2024 · €140k
Current ratio
2.01▲
2024 · 1.49
Debt to equity
1.81▲
2024 · 1.51
ROE
7.1%▼
2024 · 21.4%
ROA
2.5%▼
2024 · 8.5%
Interest coverage
7.72▼
2024 · 16.05
Debt ≤ 1 year
€162k▼
2024 · €179k
Debt > 1 year
€548k▲
2024 · €372k
Income taxes
€13k▼
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€917k€1.10M▲
Fixed assets21/28€649k€778k▲
Tangible fixed assets22/27€649k€778k▲
Land and buildings22€590k€734k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€56k€41k▼
Current assets29/58€267k€326k▲
Amounts receivable after more than one year29€155k€151k▼
Other amounts receivable291€155k€151k▼
Amounts receivable within one year40/41€54k€116k▲
Trade receivables40€45k€94k▲
Other amounts receivable41€9k€22k▲
Current investments50/53€20k€20k=
Cash at bank and in hand54/58€35k€31k▼
Deferred charges and accrued income490/1€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€917k€1.10M▲
Equity10/15€365k€393k▲
Contributions10/11€25k€25k=
Reserves13€340k€368k▲
Tax-exempt reserves132€12k€12k=
Distributable reserves133€327k€355k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€552k€711k▲
Amounts payable after more than one year17€372k€548k▲
Financial debts170/4€372k€548k▲
Amounts payable within one year42/48€179k€162k▼
Current portion of amounts payable after more than one year42€66k€71k▲
Trade debts44€5k€51k▲
Suppliers440/4€5k€51k▲
Advances received on contracts in progress46€2k€0▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€100k€34k▼
Accrued charges and deferred income492/3-€975
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€64k▲
Other operating charges640/8€17k€7k▼
Gross operating margin9900€200k€127k▼
Operating profit (loss)9901€122k€56k▼
Financial income75/76B€352€479▲
Recurring financial income75€352€479▲
Financial charges65/66B€11k€16k▲
Recurring financial charges65€11k€16k▲
Profit (loss) for the period before taxes9903€111k€41k▼
Income taxes67/77€32k€13k▼
Profit (loss) for the period9904€78k€28k▼
Profit (loss) for the period to be appropriated9905€78k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€28k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
Transfer to equity691/2€78k€28k▼
To other reserves6921€78k€28k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €44k | €61k | €62k | €64k | ▲ 4.1% |
| Other operating charges640/8 | €5k | €5k | €6k | €17k | €7k | ▼ 58.5% |
| Gross operating margin9900 | €124k | €171k | €189k | €200k | €127k | ▼ 36.6% |
| Operating profit (loss)9901 | €61k | €122k | €122k | €122k | €56k | ▼ 54.1% |
| Financial income75/76B | €134 | €218 | €330 | €352 | €479 | ▲ 36.1% |
| Recurring financial income75 | €134 | €218 | €330 | €352 | €479 | ▲ 36.1% |
| Financial charges65/66B | €11k | €10k | €11k | €11k | €16k | ▲ 36.1% |
| Recurring financial charges65 | €11k | €10k | €11k | €11k | €16k | ▲ 36.1% |
| Profit (loss) for the period before taxes9903 | €50k | €112k | €111k | €111k | €41k | ▼ 63.2% |
| Income taxes67/77 | €9k | €33k | €32k | €32k | €13k | ▼ 59.7% |
| Profit (loss) for the period9904 | €41k | €79k | €79k | €78k | €28k | ▼ 64.6% |
| Profit (loss) for the period to be appropriated9905 | €41k | €79k | €79k | €78k | €28k | ▼ 64.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €868k | €904k | €876k | €917k | €1.10M | ▲ 20.4% |
| Fixed assets21/28 | €703k | €762k | €704k | €649k | €778k | ▲ 19.8% |
| Tangible fixed assets22/27 | €703k | €762k | €704k | €649k | €778k | ▲ 19.8% |
| Land and buildings22 | €695k | €671k | €629k | €590k | €734k | ▲ 24.4% |
| Plant, machinery and equipment23 | €2k | €2k | €3k | €4k | €3k | ▼ 15.9% |
| Furniture and vehicles24 | €5k | €89k | €73k | €56k | €41k | ▼ 26.8% |
| Current assets29/58 | €166k | €142k | €171k | €267k | €326k | ▲ 21.9% |
| Amounts receivable after more than one year29 | - | - | - | €155k | €151k | ▼ 2.7% |
| Other amounts receivable291 | - | - | - | €155k | €151k | ▼ 2.7% |
| Amounts receivable within one year40/41 | €39k | €49k | €40k | €54k | €116k | ▲ 115% |
| Trade receivables40 | €38k | €47k | €36k | €45k | €94k | ▲ 107% |
| Other amounts receivable41 | €1k | €2k | €4k | €9k | €22k | ▲ 160% |
| Current investments50/53 | €69k | €69k | €69k | €20k | €20k | = |
| Cash at bank and in hand54/58 | €57k | €15k | €53k | €35k | €31k | ▼ 10.2% |
| Deferred charges and accrued income490/1 | - | €9k | €9k | €4k | €8k | ▲ 115% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €868k | €904k | €876k | €917k | €1.10M | ▲ 20.4% |
| Equity10/15 | €144k | €223k | €287k | €365k | €393k | ▲ 7.6% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €134k | €211k | €262k | €340k | €368k | ▲ 8.2% |
| Non-distributable reserves130/1 | €3k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €0 | - | - | - | - |
| Tax-exempt reserves132 | €12k | €12k | €12k | €12k | €12k | = |
| Distributable reserves133 | €119k | €198k | €249k | €327k | €355k | ▲ 8.5% |
| Profit (loss) carried forward14 | €-15k | €-13k | €0 | €0 | - | - |
| Amounts payable17/49 | €725k | €681k | €589k | €552k | €711k | ▲ 28.9% |
| Amounts payable after more than one year17 | €567k | €503k | €438k | €372k | €548k | ▲ 47.2% |
| Financial debts170/4 | €567k | €503k | €438k | €372k | €548k | ▲ 47.2% |
| Amounts payable within one year42/48 | €155k | €178k | €151k | €179k | €162k | ▼ 9.6% |
| Current portion of amounts payable after more than one year42 | €70k | €64k | €65k | €66k | €71k | ▲ 7.3% |
| Trade debts44 | €17k | €31k | €36k | €5k | €51k | ▲ 1,039% |
| Suppliers440/4 | €17k | €31k | €36k | €5k | €51k | ▲ 1,039% |
| Advances received on contracts in progress46 | - | €140 | €2k | €2k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €13k | €21k | €10k | €7k | €6k | ▼ 9.3% |
| Taxes450/3 | €5k | €18k | €8k | €7k | €6k | ▼ 9.3% |
| Remuneration and social security454/9 | €8k | €3k | €3k | €0 | - | - |
| Other amounts payable47/48 | €55k | €62k | €37k | €100k | €34k | ▼ 66.2% |
| Accrued charges and deferred income492/3 | €3k | €0 | - | - | €975 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €79k | €79k | €78k | €28k | ▼ 64.6% |
| + Depreciation and write-downs630 | €59k | €44k | €61k | €62k | €64k | ▲ 4.1% |
| Operating cash flow (approximation) | €100k | €123k | €140k | €140k | €92k | ▼ 34.3% |
| Investment in fixed assets (approximation) | - | €-103k | €-4k | €-7k | €-193k | ▼ 2,786% |
| Change in cash | - | €-42k | €38k | €-18k | €-4k | ▲ 80.5% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €79k ▲94%
Operating result €122k, net result €79k, both a record.
30-09
Financial
Equity above €200kEq €223k ▲55.3%
5 profitable years in a row build equity to €223k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
30-09
Financial
Equity above €100kEq €103k ▲56.8%
3 profitable years in a row build equity to €103k.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lichtervelde · 1 establishment unit since 2009
Ground area
240 m²
Building footprint
240 m²
Volume, LiDAR
1,949 m³
Parcel 36011E1312/00T002, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FRAPAU
since 20092.177.389.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E1312/00T002 | Flanders | 240 m² | 1 · 240 m² | 12.5 m · 3 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
8945001HKRJYALQUMJ72
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Of 12,685 companies in sector 86951 we hold annual accounts for 2,142. 1,230 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
Founded26-03-2009
Fiscal year end30-09
Activities, NACEBEL 2025
86951Physiotherapy
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.