FraTech
ActiveFraTech has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €401k and a net result of €34k. Equity is growing by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-8
Solvency80▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.1 in 2023; short-term debt: 22.4% and cash: 7.9% of total assets), and 45.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
33 d early
2022
34 d early
2021
31 d early
2020
36 d early
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€401k▲ 9.2%
2023 · €368k
2018: €42k
2019: €72k
2020: €119k
2021: €198k
2022: €281k
2023: €368k
2018 → 2024
Total assets
€732k▼ 3.3%
2023 · €757k
2018: €108k
2019: €179k
2020: €244k
2021: €329k
2022: €718k
2023: €757k
2018 → 2024
Net result
€34k▼ 61.3%
2023 · €87k
2018: €36k
2019: €30k
2020: €47k
2021: €79k
2022: €85k
2023: €87k
2018 → 2024
Working capital
€49k▲ 175%
2023 · €18k
2018: €20k
2019: €33k
2020: €76k
2021: €125k
2022: €92k
2023: €18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€119k-€198k▲ 65.9%€281k▲ 41.8%€368k▲ 31.0%€401k▲ 9.2%
Operating result€70k-€115k▲ 64.0%€112k▼ 2.4%€133k▲ 18.9%€60k▼ 55.0%
Net result€47k-€79k▲ 65.7%€85k▲ 8.3%€87k▲ 2.2%€34k▼ 61.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 55% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €732k
Fixed assets
€519k▼ 8.3%
Current assets
€213k▲ 11.3%
Equity and liabilities €732k
Equity
€401k▲ 9.2%
Debt
€331k▼ 15.2%
The debt ratio falls from 51.5% to 45.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€130k▼
2023 · €197k
Cash flow
€104k▼
2023 · €151k
Solvency
54.8%▲
2023 · 48.5%
Current ratio
1.30▲
2023 · 1.10
Quick ratio
1.25▲
2023 · 1.06
Debt / equity
0.82▼
2023 · 1.06
ROE
8.4%▼
2023 · 23.7%
ROA
4.6%▼
2023 · 11.5%
Interest coverage
11.78▼
2023 · 16.71
Debt
€331k▼
2023 · €390k
Debt ≤ 1 year
€164k▼
2023 · €174k
Debt > 1 year
€167k▼
2023 · €216k
Income taxes
€15k▼
2023 · €35k
Staff costs
€212k▼
2023 · €236k
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€757k€732k▼
Fixed assets21/28€566k€519k▼
Intangible fixed assets21€40€30▼
Tangible fixed assets22/27€566k€519k▼
Land and buildings22€354k€350k▼
Plant, machinery and equipment23€15k€16k▲
Furniture and vehicles24€54k€43k▼
Leasing and similar rights25€104k€74k▼
Other tangible fixed assets26€39k€35k▼
Current assets29/58€192k€213k▲
Stocks and contracts in progress3€7k€8k▲
Stocks30/36€7k€8k▲
Amounts receivable within one year40/41€110k€142k▲
Trade receivables40€105k€118k▲
Other amounts receivable41€5k€24k▲
Cash at bank and in hand54/58€69k€58k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€757k€732k▼
Equity10/15€368k€401k▲
Contributions10/11€6k€6k=
Reserves13€361k€395k▲
Distributable reserves133€361k€395k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€390k€331k▼
Amounts payable after more than one year17€216k€167k▼
Financial debts170/4€216k€167k▼
Amounts payable within one year42/48€174k€164k▼
Current portion of amounts payable after more than one year42€56k€49k▼
Trade debts44€44k€35k▼
Suppliers440/4€44k€35k▼
Taxes, remuneration and social security45€20k€28k▲
Taxes450/3€12k€21k▲
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€53k€52k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€236k€212k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€70k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€437k€348k▼
Operating profit (loss)9901€133k€60k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€122k€49k▼
Income taxes67/77€35k€15k▼
Profit (loss) for the period9904€87k€34k▼
Profit (loss) for the period to be appropriated9905€87k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€34k▼
Transfer to equity691/2€87k€34k▼
To other reserves6921€87k€34k▼
Profit to be distributed694/7€0-
Directors or managers695€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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €87k ▲2.2%
Operating result €133k, net result €87k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €281k ▲41.8%
5 profitable years in a row build equity to €281k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €198k ▲65.9%
4 profitable years in a row build equity to €198k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €119k ▲66%
3 profitable years in a row build equity to €119k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €30k ▼18.1%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zwevegem · 1 establishment unit since 2018
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.
Herembodegemstraat(M) 58552 ZwevegemGround area
666 m²
Building footprint
168 m²
Volume, LiDAR
995 m³
Parcel 34028C0163/00R000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FraTech
since 20182.272.474.626
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34028C0163/00R000 | Flanders | 666 m² | 1 · 168 m² | 8.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,949 EUR awarded · 1,949 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,151 EUR | 1,151 EUR |
| 2023 | 1 | 345 EUR | 345 EUR |
| 2022 | 1 | 453 EUR | 453 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Myown
BE 0861.896.468
Dinant · Eq €402k
DHE Electrics
BE 0736.380.844
Heist-op-den-Berg · Eq €401k
QUALITY LIFT
BE 0865.284.540
Dendermonde · Eq €402k
COECKELBERGHS
BE 0431.586.949
Kortenaken · Eq €401k
Seculyn
BE 0442.083.240
Heusden-Zolder · Eq €402k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 6,982 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.