Checked.be
Active
BE 0426.147.724Private limited company
FRAST CONSTRUCT
Naamsevest 58 ·3000 Leuven, Belgium· 42 yrs active
Sector: Real estate agency activities
(68310)
Conclusion
FRAST CONSTRUCT has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €261k and a net result of €-60k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 58% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €261k |
| Net result | €-60k |
| Staff (FTE) | 1.1 |
| Better than sector | 58% |
Financial profile
40
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
15
Profitability
0
Solvency
53
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1984, 42 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
15
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
31
2021
25
2022
69
2023
38
2024
15
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.48 (< 1.0)
-10
Quick ratio
Quick ratio 0.48 (< 0.6)
-5
Leverage
Debt/equity 1.25 (< 2.0)
+3
Profitability
Negatieve ROE -23%
-10
Interest coverage
Interest coverage -1.8× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~41% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.5% | 29.9% | |
| Net result | €-60k | €6k | |
| Equity | €261k | €79k | |
| Gross operating margin | €11k | €41k | |
| Staff costs | €17k | €28k |
€-22k
-
21-25
€-60k
-1435.8%
21-25
€-34k
-
21-25
€644k
-12.0%
21-25
€261k
-18.7%
21-25
€-167k
-151.3%
21-25
1
+10.0%
21-25
€17k
-31.4%
21-25
€670
+79.9%
21-25
€326k
-7.8%
21-25
€321k
+14.3%
21-25
€63k
-17.1%
21-25
0.48
-37.2%
21-25
0.48
-37.2%
21-25
40.5%
-7.6%
21-25
1.25
+13.4%
21-25
-22.9%
-1788.2%
21-25
-9.3%
-1644.5%
21-25
-1.81
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-22k | €31k | €190k | €68k | €13k |
| Net profit | €-60k | €-4k | €99k | €-61k | €16k |
| Cash flow | €-34k | €23k | €124k | €-27k | €56k |
| Staff costs | €17k | €25k | €39k | €34k | €33k |
| Income taxes | €670 | €372 | €184 | €69k | €156 |
| Dividends | - | - | - | - | - |
| Total assets | €644k | €731k | €758k | €771k | €762k |
| Equity | €261k | €320k | €324k | €226k | €286k |
| Debt | €326k | €354k | €377k | €546k | €476k |
| of which ≤ 1y | €321k | €281k | €298k | €390k | €303k |
| of which > 1y | - | €63k | €76k | €151k | €163k |
| Working capital | €-167k | €-66k | €-72k | €-243k | €-135k |
| Employees (FTE) | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.48 | 0.76 | 0.76 | 0.38 | 0.55 |
| Quick ratio | 0.48 | 0.76 | 0.76 | 0.38 | 0.55 |
| Working capital ratio | -26.0% | -9.1% | -9.5% | -31.5% | -17.8% |
| Solvency | 40.5% | 43.8% | 42.8% | 29.2% | 37.5% |
| Debt / equity | 1.25 | 1.11 | 1.16 | 2.42 | 1.67 |
| Long-term debt ratio | - | 0.20 | 0.24 | 0.67 | 0.57 |
| Interest coverage | -1.81 | 3.74 | 20.87 | 2.69 | 0.95 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -9.3% | -0.5% | 13.0% | -7.8% | 2.1% |
| ROE | -22.9% | -1.2% | 30.4% | -26.8% | 5.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €644k | €731k | €758k | €771k | €762k |
| Fixed assets | 21/28 | €490k | €517k | €532k | €624k | €595k |
| Tangible fixed assets | 22/27 | €90k | €117k | €132k | €224k | €195k |
| Financial fixed assets | 28 | €400k | €400k | €400k | €400k | €400k |
| Current assets | 29/58 | €154k | €214k | €226k | €148k | €167k |
| Amounts receivable within one year | 40/41 | €79k | €69k | €155k | €77k | €27k |
| Cash & bank | 54/58 | €7k | €77k | €5k | €5k | €71k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €644k | €731k | €758k | €771k | €762k |
| Equity | 10/15 | €261k | €320k | €324k | €226k | €286k |
| Contributions / capital | 10/11 | €86k | €86k | €86k | €86k | €86k |
| Reserves | 13 | €208k | €235k | €238k | €140k | €200k |
| Accumulated profits (losses) | 14 | €-34k | - | - | - | - |
| Provisions & deferred taxes | 16 | €57k | €57k | €57k | - | - |
| Amounts payable | 17/49 | €326k | €354k | €377k | €546k | €476k |
| Amounts payable after one year | 17 | - | €63k | €76k | €151k | €163k |
| Amounts payable within one year | 42/48 | €321k | €281k | €298k | €390k | €303k |
| Trade debts payable within one year | 44 | €45k | €54k | €45k | €31k | €34k |
| Income statement | ||||||
| Gross operating margin | 9900 | €11k | €76k | €279k | €117k | €68k |
| Operating result | 9901 | €-48k | €5k | €165k | €34k | €-27k |
| Financial income | 75 | €703 | €3 | €220 | €21 | €26 |
| Financial charges | 65 | €12k | €8k | €9k | €25k | €14k |
| Result before taxes | 9903 | €-59k | €-4k | €156k | €9k | €-41k |
| Income taxes | 67/77 | €670 | €372 | €184 | €69k | €156 |
| Net result for the period | 9904 | €-60k | €-4k | €99k | €-61k | €16k |
| Result to be appropriated | 9905 | €-59k | €-4k | €-72k | €-61k | €153k |
Legal Structure
| NACE primary | Real estate agency activities(68310) |
| Legal form | Private limited company(610) |
| Incorporation | 14-05-1984 |
| Status | Active |
| Postal code | 3000 |
Establishment units
BEHEERBUREAU FRAST
since 19842.024.812.741
Parijsstraat 41, 3000 Leuven
since 20092.270.466.924
Tiensestraat 67, 3000 Leuven
since 20152.270.474.842
Real-estate footprint
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502C0495/00Y000 | Flanders | 363 m² | 1 · 102 m² | 15.1 m · 4 fl. |
| 24504D0411/00G000 | Flanders | 156 m² | 1 · 45 m² | 14.3 m · 5 fl. |
| 24502B0748/00K000 | Flanders | 101 m² | 1 · 98 m² | 16.3 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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).
Updates
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 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 €99k
Net result €99k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-61k ▼472%
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Renting and operating of own or leased non-residential real estate, excluding land68203Real estate agency activities68310Real estate activities6831170311Launderettes and laundries for private customers96102
Names & trade names
| Legal nameNL | FRAST CONSTRUCT |
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