FRASA
ActiveFRASA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €614k and a net result of €52k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 94% of 8092 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▲+2
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 12.91 against 5.45 in 2023; short-term debt: 3.6% and cash: 10.6% of total assets), and 3.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.4%
Return on assets
8.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €614k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
29 d early
2022
32 d early
2021
11 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€614k▲ 9.2%
2023 · €562k
2018: €579k
2019: €595k
2020: €568k
2021: €563k
2022: €549k
2023: €562k
2018 → 2024
Total assets
€637k▲ 4.7%
2023 · €608k
2018: €680k
2019: €734k
2020: €635k
2021: €634k
2022: €603k
2023: €608k
2018 → 2024
Net result
€52k▲ 13.5%
2023 · €45k
2018: €94
2019: €75k
2020: €-28k
2021: €29k
2022: €18k
2023: €45k
2018 → 2024
Working capital
€272k▲ 33.8%
2023 · €203k
2018: €245k
2019: €249k
2020: €220k
2021: €208k
2022: €197k
2023: €203k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€568k-€563k▼ 0.8%€549k▼ 2.5%€562k▲ 2.4%€614k▲ 9.2%
Operating result€-31k-€28k€41k▲ 47.9%€55k▲ 34.0%€61k▲ 11.2%
Net result€-28k-€29k€18k▼ 38.4%€45k▲ 156%€52k▲ 13.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €637k
Fixed assets
€343k▼ 4.8%
Current assets
€294k▲ 18.5%
Equity and liabilities €637k
Equity
€614k▲ 9.2%
Debt
€23k▼ 50.1%
The debt ratio falls from 7.5% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▲
2023 · €75k
Cash flow
€71k▲
2023 · €65k
Solvency
96.4%▲
2023 · 92.5%
Current ratio
12.91▲
2023 · 5.45
Quick ratio
12.91▲
2023 · 5.45
Debt / equity
0.04▼
2023 · 0.08
ROE
8.4%▲
2023 · 8.1%
ROA
8.1%▲
2023 · 7.5%
Interest coverage
-13.06▲
2023 · -14.82
Debt
€23k▼
2023 · €46k
Debt ≤ 1 year
€23k▼
2023 · €46k
Income taxes
€18k▲
2023 · €16k
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€608k€637k▲
Fixed assets21/28€360k€343k▼
Tangible fixed assets22/27€360k€343k▼
Land and buildings22€324k€312k▼
Furniture and vehicles24€1k€3k▲
Other tangible fixed assets26€34k€28k▼
Current assets29/58€248k€294k▲
Amounts receivable within one year40/41€7k€866▼
Trade receivables40€809€692▼
Other amounts receivable41€6k€174▼
Current investments50/53€214k€226k▲
Cash at bank and in hand54/58€27k€67k▲
Deferred charges and accrued income490/1€387€409▲
Equity and liabilities
Total equity and liabilities10/49€608k€637k▲
Equity10/15€562k€614k▲
Contributions10/11€147k€147k=
Capital10€147k€147k=
Issued capital100€215k€215k=
Uncalled capital101€68k€68k=
Reserves13€416k€467k▲
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€389k€440k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€46k€23k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€46k€23k▼
Current portion of amounts payable after more than one year42€16k€0▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€1k€19k▲
Taxes450/3€1k€16k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€23k€1k▼
Accrued charges and deferred income492/3€32€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Other operating charges640/8€868€2k▲
Gross operating margin9900€76k€83k▲
Operating profit (loss)9901€55k€61k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€-5k€-6k▼
Recurring financial charges65€-5k€-6k▼
Profit (loss) for the period before taxes9903€61k€69k▲
Income taxes67/77€16k€18k▲
Profit (loss) for the period9904€45k€52k▲
Profit (loss) for the period to be appropriated9905€45k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€52k▲
Transfer from equity791/2€32k€0▼
Transfer to equity691/2€45k€52k▲
To other reserves6921€45k€52k▲
Profit to be distributed694/7€32k€0▼
Return on contributions (dividend)694€32k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 12.91
Current ratio from 5.45 to 12.91; short-term debt falls from €46k to €23k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-28k ▼137%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 12.74
Current ratio from 4.32 to 12.74; short-term debt falls from €75k to €19k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €75k ▲79344%
Operating result €101k, net result €75k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oostkamp · 2 establishment units since 1991
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.
Kortrijksestraat 3268020 OostkampGround area
6,854 m²
Building footprint
329 m²
Volume, LiDAR
2,234 m³
2 parcels, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Kortrijksestraat 326, 8020 Oostkamp
since 19912.055.237.087
FRASA
since 20192.296.347.217
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403G0543/00T000 | Flanders | 6,769 m² | 1 · 245 m² | 9.8 m · 2 fl. |
| 31802B0903/00A000 | Flanders | 85 m² | 1 · 85 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 32,876 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-11-1991
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70203
70220Business consulting
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.