FRATEL
ActiveFRATEL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188k and a net result of €49k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 4.84 against 4.81 in 2024), and 19.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 01
Relative position
BE, all sectors
reference
Sector 01
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 2025Solvency, return and age of the figures
Solvency
80.1%
Return on assets
20.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
1 d early
2023
22 d early
2022
32 d early
2021
33 d early
2020
33 d early
2019
25 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€188k▲ 11.5%
2024 · €168k
2018: €102k
2019: €127k
2020: €108k
2021: €129k
2022: €141k
2023: €151k
2024: €168k
2018 → 2025
Total assets
€235k▲ 13.5%
2024 · €207k
2018: €125k
2019: €145k
2020: €150k
2021: €144k
2022: €172k
2023: €196k
2024: €207k
2018 → 2025
Net result
€49k▲ 16.4%
2024 · €42k
2018: €32k
2019: €25k
2020: €29k
2021: €22k
2022: €26k
2023: €41k
2024: €42k
2018 → 2025
Working capital
€177k▲ 23.6%
2024 · €144k
2018: €101k
2019: €118k
2020: €102k
2021: €110k
2022: €111k
2023: €130k
2024: €144k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€141k▲ 9.3%€151k▲ 6.7%€168k▲ 11.5%€188k▲ 11.5%
Operating result€33k-€40k▲ 21.0%€62k▲ 54.4%€63k▲ 1.8%€73k▲ 16.1%
Net result€22k-€26k▲ 21.6%€41k▲ 57.9%€42k▲ 1.4%€49k▲ 16.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 16% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€11k▼ 57.1%
Current assets
€224k▲ 23.3%
Equity and liabilities €235k
Equity
€188k▲ 11.5%
Debt
€47k▲ 22.3%
The debt ratio rises from 18.5% to 19.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€80k▲
2024 · €71k
Cash flow
€56k▲
2024 · €51k
Solvency
80.1%▼
2024 · 81.5%
Current ratio
4.84▲
2024 · 4.81
Quick ratio
4.84▲
2024 · 4.81
Debt / equity
0.25▲
2024 · 0.23
ROE
26.0%▲
2024 · 25.0%
ROA
20.9%▲
2024 · 20.3%
Interest coverage
310.01▲
2024 · 243.23
Debt
€47k▲
2024 · €38k
Debt ≤ 1 year
€46k▲
2024 · €38k
Income taxes
€24k▲
2024 · €20k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€207k€235k▲
Fixed assets21/28€25k€11k▼
Tangible fixed assets22/27€25k€11k▼
Plant, machinery and equipment23€805€4k▲
Furniture and vehicles24€24k€7k▼
Current assets29/58€181k€224k▲
Amounts receivable within one year40/41€25k€9k▼
Trade receivables40€25k€9k▼
Other amounts receivable41€672€0▼
Current investments50/53€93k€128k▲
Cash at bank and in hand54/58€62k€87k▲
Deferred charges and accrued income490/1€695€629▼
Equity and liabilities
Total equity and liabilities10/49€207k€235k▲
Equity10/15€168k€188k▲
Contributions10/11€6k€6k=
Reserves13€162k€182k▲
Distributable reserves133€162k€182k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€38k€47k▲
Amounts payable within one year42/48€38k€46k▲
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€8k€13k▲
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€25k€30k▲
Accrued charges and deferred income492/3€500€500=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€73k€82k▲
Operating profit (loss)9901€63k€73k▲
Financial income75/76B€0€33▲
Recurring financial income75€0€33▲
Financial charges65/66B€294€258▼
Recurring financial charges65€294€258▼
Profit (loss) for the period before taxes9903€62k€73k▲
Income taxes67/77€20k€24k▲
Profit (loss) for the period9904€42k€49k▲
Profit (loss) for the period to be appropriated9905€42k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€49k▲
Transfer from equity791/2€25k€29k▲
Transfer to equity691/2€42k€49k▲
To other reserves6921€42k€49k▲
Profit to be distributed694/7€25k€29k▲
Return on contributions (dividend)694€25k€29k▲
The notes to these accounts (8 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €49k ▲16.4%
Operating result €73k, net result €49k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €151k ▲6.7%
6 profitable years in a row build equity to €151k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €22k ▼26.9%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 9.06
Current ratio from 3.48 to 9.06; short-term debt falls from €41k to €14k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
03-07
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.
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, Merksplas · 1 establishment unit since 2006
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.
Hoekeinde 1002330 MerksplasGround area
722 m²
Building footprint
235 m²
Volume, LiDAR
1,176 m³
Parcel 13023H0388/00A000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRATEL BVBA
since 20062.153.056.441
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023H0388/00A000 | Flanders | 722 m² | 1 · 235 m² | 8.9 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.
Similar companies · same sector, comparable size
YVES LORIC
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AGRO-LOOI
BE 0885.491.026
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Van der Linden Michiel
BE 0789.494.777
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Transport Michiel Smet BV
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Sint-Niklaas · Eq €182k
Of 1,579 companies in sector 01620 we hold annual accounts for 218. 166 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2006
Fiscal year end31-12
Activities, NACEBEL
01420Raising of other cattle and buffaloes
01620Support activities for animal production
01242
01472Crop and animal production, hunting and related service activities
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
45250
45421
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.