Frasal
ActiveSummary
Frasal has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.62M and a net result of €65k. Equity is growing by ~5.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 5.3 against 20.93 in 2024; short-term debt: 7.2% and cash: 5.3% of total assets), and 16.9% of the assets are financed with debt.
Credit check 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 · 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 2025Solvency, return and age of the figures
Solvency
83.1%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
29 d late
2022
on the day
2021
31 d late
2020
23 d late
2019
23 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▲ 139%
2024 · €27k
2018: €85k
2019: €17k
2020: €455k
2021: €540k
2022: €117k
2023: €72k
2024: €27k
2018 → 2025
Working capital
€1.35M▼ 22.8%
2024 · €1.75M
2018: €1.09M
2019: €555k
2020: €1.21M
2021: €2.05M
2022: €1.87M
2023: €1.74M
2024: €1.75M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.34M-€3.45M▲ 3.5%€3.53M▲ 2.1%€3.55M▲ 0.8%€3.62M▲ 1.8%
Operating result€669k-€78k▼ 88.3%€43k▼ 45.1%€10k▼ 76.0%€46k▲ 350%
Net result€540k-€117k▼ 78.2%€72k▼ 38.7%€27k▼ 62.2%€65k▲ 139%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 350% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.35M
Fixed assets
€2.68M ▲ 19.9%
Current assets
€1.67M ▼ 9.4%
Equity and liabilities €4.35M
Equity
€3.62M ▲ 1.8%
Provisions
€415k ▼ 4.3%
Debt
€318k ▲ 248%
Debt's share of the balance-sheet total rises from 2.2% to 7.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€165k▲
2024 · €130k
Cash flow
€183k▲
2024 · €147k
Current ratio
5.30▼
2024 · 20.93
Debt to equity
0.09▲
2024 · 0.03
ROE
1.8%▲
2024 · 0.8%
ROA
1.5%▲
2024 · 0.7%
Interest coverage
426.80▲
2024 · 121.03
Debt ≤ 1 year
€315k▲
2024 · €88k
Income taxes
€36k▼
2024 · €98k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.08M€4.35M▲
Fixed assets21/28€2.24M€2.68M▲
Tangible fixed assets22/27€2.24M€2.68M▲
Land and buildings22€1.17M€1.67M▲
Leasing and similar rights25€1.07M€1.01M▼
Current assets29/58€1.84M€1.67M▼
Amounts receivable within one year40/41€1.81M€1.42M▼
Other amounts receivable41€1.81M€1.42M▼
Current investments50/53€1k€1k=
Cash at bank and in hand54/58€13k€229k▲
Deferred charges and accrued income490/1€17k€20k▲
Equity and liabilities
Total equity and liabilities10/49€4.08M€4.35M▲
Equity10/15€3.55M€3.62M▲
Contributions10/11€1.08M€1.08M=
Capital10€1.08M€1.08M=
Issued capital100€1.08M€1.08M=
Reserves13€2.47M€2.53M▲
Non-distributable reserves130/1€125k€125k=
Legal reserve130€125k€125k=
Tax-exempt reserves132€1.11M€1.06M▼
Distributable reserves133€1.24M€1.35M▲
Provisions and deferred taxes16€433k€415k▼
Deferred taxes168€433k€415k▼
Amounts payable17/49€91k€318k▲
Amounts payable within one year42/48€88k€315k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€5k€233k▲
Suppliers440/4€5k€233k▲
Advances received on contracts in progress46€358€358=
Taxes, remuneration and social security45€67k€65k▼
Taxes450/3€67k€65k▼
Other amounts payable47/48€16k€16k▲
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€24k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€118k▼
Other operating charges640/8€20k€18k▼
Gross operating margin9900€150k€183k▲
Operating profit (loss)9901€10k€46k▲
Financial income75/76B€36k€37k▲
Recurring financial income75€36k€37k▲
Non-recurring financial income76B€0-
Financial charges65/66B€1k€386▼
Recurring financial charges65€1k€386▼
Profit (loss) for the period before taxes9903€45k€82k▲
Transfer from deferred taxes780€86k€18k▼
Transfer to deferred taxes680€6k€0▼
Income taxes67/77€98k€36k▼
Profit (loss) for the period9904€27k€65k▲
Transfer from tax-exempt reserves789€250k€47k▼
Transfer to tax-exempt reserves689€18k€0▼
Profit (loss) for the period to be appropriated9905€259k€112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€259k€112k▼
Transfer to equity691/2€259k€112k▼
To other reserves6921€259k€112k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €540k ▲18.6%
Operating result €669k, net result €540k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Liquidity times 6current ratio 25.73
Current ratio from 3.97 to 25.73; short-term debt falls from €187k to €49k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €17k ▼80.2%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Wielsbeke · 1 establishment unit since 1985
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.
Ooigemstraat 198710 WielsbekeGround area
5,630 m²
Building footprint
330 m²
Volume, LiDAR
2,441 m³
Parcel 37017B0487/00R000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ooigemstraat 19, 8710 Wielsbeke
since 19852.025.987.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017B0487/00R000 | Flanders | 5,629 m² | 1 · 330 m² | 11.6 m · 3 fl. |
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.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-10-1984
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.