Fraternitas
ActiveSummary
Fraternitas is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€2.1m) and a net result of -€280,780. Equity is shrinking by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 8102 sector peers (fiscal year 2025). The company has been active since 1892 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8102 sector peers (2025).
NBB · sector comparisonPosition among 8102 sector peers
Solvency
better than 5%
← weakest
strongest →
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
37 d early
2023
50 d early
2022
7 d late
2021
53 d early
2020
33 d early
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 12 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 oldest company in Flemish Brabant#8 company by total assets in Tienen, Finance and insurance sector
Equity
-€2.1m▼ 15.3%
2024 · -€1.8m
Net result
-€280,780▼ 20.3%
2024 · -€233,421
Total assets
€3.4m▼ 16.5%
2024 · €4.0m
Solvency
-62.9%▼ 17.4pp
2024 · -45.5%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,510-€16,552▼ 43.8%-€14,341▲ 13.4%-€25,401▼ 77.1%-€39,553▼ 55.7%
Net result-€322,822below the sector's middle half▼ 5.1%-€316,869below the sector's middle half▲ 1.8%-€292,625below the sector's middle half▲ 7.7%-€233,421below the sector's middle half▲ 20.2%-€280,780below the sector's middle half▼ 20.3%
Equity-€987,655below the sector's middle half▼ 48.6%-€1.3mbelow the sector's middle half▼ 32.1%-€1.6mbelow the sector's middle half▼ 22.4%-€1.8mbelow the sector's middle half▼ 14.6%-€2.1mbelow the sector's middle half▼ 15.3%
Total assets€5.9mabove the sector's middle half▼ 9.8%€5.3mabove the sector's middle half▼ 10.9%€4.7mabove the sector's middle half▼ 11.9%€4.0mabove the sector's middle half▼ 13.7%€3.4mabove the sector's middle half▼ 16.5%
Debt€6.9m▼ 4.5%€6.6m▼ 4.8%€6.3m▼ 5.1%€5.9m▼ 6.5%€5.5m▼ 6.6%
Working capital€5.6mabove the sector's middle half▼ 10.5%€4.9mabove the sector's middle half▼ 12.0%€4.2mabove the sector's middle half▼ 13.2%€3.6mabove the sector's middle half▼ 14.9%€2.9mabove the sector's middle half▼ 19.0%
Solvency-16.6%below the sector's middle half▼ 6.5pp-24.7%below the sector's middle half▼ 8.0pp-34.2%below the sector's middle half▼ 9.6pp-45.5%below the sector's middle half▼ 11.2pp-62.9%below the sector's middle half▼ 17.4pp
Current ratio16.85above the sector's middle half▼ 2.6614.06above the sector's middle half▼ 2.8011.75above the sector's middle half▼ 2.3110.23above the sector's middle half▼ 1.528.06above the sector's middle half▼ 2.16
Return on assets (ROA)-5.4%below the sector's middle half▼ 0.8pp-6.0%below the sector's middle half▼ 0.6pp-6.3%below the sector's middle half▼ 0.3pp-5.8%below the sector's middle half▲ 0.5pp-8.4%below the sector's middle half▼ 2.6pp
Staff (FTE)1.8▲ 125%1.8=2.2▲ 22.2%2▼ 9.1%2=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €39,553 in 2025 against €25,401 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€27,603 ▼ 7.6%
Current assets
€3.3m ▼ 16.6%
Key figures and ratios
Debt ≤ 1 year
€413,224▲
2024 · €390,660
Debt > 1 year
€5.1m▼
2024 · €5.5m
Income taxes
€2,605
Staff costs
€38,887▲
2024 · €37,085
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €62,268 | €63,880 | €38,880 | €37,085 | €38,887 | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,695 | €3,963 | €2,258 | €2,258 | €2,258 | = |
| Other operating charges640/8 | €3,320 | €2,699 | €3,317 | €4,013 | €3,639 | ▼ 9.3% |
| Gross operating margin9900 | €70,773 | €53,991 | €30,115 | €17,956 | €5,231 | ▼ 70.9% |
| Operating profit (loss)9901 | -€11,510 | -€16,552 | -€14,341 | -€25,401 | -€39,553 | ▼ 55.7% |
| Financial income75/76B | - | - | €0 | €55,014 | €8,683 | ▼ 84.2% |
| Recurring financial income75 | - | - | €0 | €55,014 | €8,683 | ▼ 84.2% |
| Financial charges65/66B | €311,311 | €300,317 | €278,284 | €263,034 | €247,305 | ▼ 6.0% |
| Recurring financial charges65 | €311,311 | €300,317 | €278,284 | €263,034 | €247,305 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | -€322,822 | -€316,869 | -€292,625 | -€233,421 | -€278,175 | ▼ 19.2% |
| Income taxes67/77 | - | - | - | - | €2,605 | - |
| Profit (loss) for the period9904 | -€322,822 | -€316,869 | -€292,625 | -€233,421 | -€280,780 | ▼ 20.3% |
| Profit (loss) for the period to be appropriated9905 | -€322,822 | -€316,869 | -€292,625 | -€233,421 | -€280,780 | ▼ 20.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €5.3m | €4.7m | €4.0m | €3.4m | ▼ 16.5% |
| Fixed assets21/28 | €38,341 | €34,378 | €32,119 | €29,861 | €27,603 | ▼ 7.6% |
| Tangible fixed assets22/27 | €38,341 | €34,378 | €32,119 | €29,861 | €27,603 | ▼ 7.6% |
| Land and buildings22 | €38,341 | €34,378 | €32,119 | €29,861 | €27,603 | ▼ 7.6% |
| Current assets29/58 | €5.9m | €5.3m | €4.6m | €4.0m | €3.3m | ▼ 16.6% |
| Amounts receivable after more than one year29 | €1.8m | €1.4m | €1.2m | €1.1m | €848,619 | ▼ 21.0% |
| Trade receivables290 | €1.8m | €1.4m | €1.2m | €1.1m | €848,619 | ▼ 21.0% |
| Amounts receivable within one year40/41 | €260,776 | €224,564 | €232,295 | €176,235 | €138,874 | ▼ 21.2% |
| Trade receivables40 | €260,776 | €224,564 | €232,295 | €176,235 | €138,874 | ▼ 21.2% |
| Current investments50/53 | - | - | €2.8m | - | - | - |
| Cash at bank and in hand54/58 | €3.8m | €3.6m | €427,549 | €2.7m | €2.3m | ▼ 14.6% |
| Deferred charges and accrued income490/1 | €673 | €737 | €1,164 | €3,175 | €1,537 | ▼ 51.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €5.3m | €4.7m | €4.0m | €3.4m | ▼ 16.5% |
| Equity10/15 | -€987,655 | -€1.3m | -€1.6m | -€1.8m | -€2.1m | ▼ 15.3% |
| Contributions10/11 | €62,013 | €62,013 | €62,013 | €62,013 | €62,013 | = |
| Capital10 | €62,013 | €62,013 | €62,013 | €62,013 | €62,013 | = |
| Issued capital100 | €93,000 | €93,000 | €93,000 | €93,000 | €93,000 | = |
| Uncalled capital101 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Non-distributable reserves130/1 | €9,300 | €9,300 | €9,300 | €9,300 | €9,300 | = |
| Legal reserve130 | €9,300 | €9,300 | €9,300 | €9,300 | €9,300 | = |
| Distributable reserves133 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Profit (loss) carried forward14 | -€2.2m | -€2.5m | -€2.8m | -€3.1m | -€3.3m | ▼ 9.2% |
| Amounts payable17/49 | €6.9m | €6.6m | €6.3m | €5.9m | €5.5m | ▼ 6.6% |
| Amounts payable after more than one year17 | €6.6m | €6.2m | €5.9m | €5.5m | €5.1m | ▼ 7.5% |
| Financial debts170/4 | €6.6m | €6.2m | €5.9m | €5.5m | €5.1m | ▼ 7.5% |
| Amounts payable within one year42/48 | €350,140 | €373,935 | €394,223 | €390,660 | €413,224 | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | €340,629 | €355,105 | €387,721 | €385,970 | €407,565 | ▲ 5.6% |
| Trade debts44 | €1,621 | €1,793 | €1,141 | - | €804 | - |
| Suppliers440/4 | €1,621 | €1,793 | €1,141 | - | €804 | - |
| Taxes, remuneration and social security45 | €7,891 | €17,037 | €5,361 | €4,690 | €4,856 | ▲ 3.5% |
| Remuneration and social security454/9 | €7,891 | €17,037 | €5,361 | €4,690 | €4,856 | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | - | €15,357 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€322,822 | -€316,869 | -€292,625 | -€233,421 | -€280,780 | ▼ 20.3% |
| + Depreciation and write-downs630 | €16,695 | €3,963 | €2,258 | €2,258 | €2,258 | = |
| Operating cash flow (approximation) | -€306,127 | -€312,906 | -€290,367 | -€231,162 | -€278,521 | ▼ 20.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€232,186 | -€3.2m | €2.3m | -€399,522 | ▼ 117% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€322,822
Net result drops to -€322,822, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Tienen · 1 establishment unit since 1992
Ground area
348 m²
Building footprint
170 m²
Volume, LiDAR
1,851 m³
Parcel 24593G0292/00C000, Flanders · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Grote Markt 2, 3300 Tienen
since 19922.006.315.138
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0292/00C000 | Flanders | 348 m² | 1 · 170 m² | 17.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 93 companies in sector 64922 we hold annual accounts for 75. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-10-1892
Fiscal year end31-12
Activities, NACEBEL 2025
64922Financial service activities, except insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400944253
Also
9925:BE0400944253
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.