FRATOVAL
ActiveFRATOVAL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €655k and a net result of €-42k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 77% of 1892 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.23 against 4.54 in 2024), and 19.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
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
80.9%
Return on assets
-5.2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€42k
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
6 d early
2023
47 d late
2022
119 d late
2021
30 d early
2020
1 d early
2019
67 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€655k▼ 6.0%
2024 · €697k
2018: €657k
2019: €615k
2020: €761k
2021: €751k
2022: €749k
2023: €714k
2024: €697k
2018 → 2025
Total assets
€809k▼ 10.2%
2024 · €902k
2018: €919k
2019: €1.01M
2020: €1.18M
2021: €1.09M
2022: €1.12M
2023: €969k
2024: €902k
2018 → 2025
Net result
€-42k▼ 148%
2024 · €-17k
2018: €215k
2019: €-42k
2020: €145k
2021: €-9k
2022: €-3k
2023: €-35k
2024: €-17k
2018 → 2025
Working capital
€214k▼ 18.6%
2024 · €263k
2018: €431k
2019: €245k
2020: €518k
2021: €434k
2022: €371k
2023: €278k
2024: €263k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€751k-€749k▼ 0.3%€714k▼ 4.7%€697k▼ 2.4%€655k▼ 6.0%
Operating result€5k-€9k▲ 90.8%€-5k€-7k▼ 39.2%€-38k▼ 440%
Net result€-9k-€-3k▲ 71.5%€-35k▼ 1,255%€-17k▲ 52.1%€-42k▼ 148%
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 €38k in 2025 against €7k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €809k
Fixed assets
€545k▼ 3.5%
Current assets
€264k▼ 21.6%
Equity and liabilities €809k
Equity
€655k▼ 6.0%
Provisions
€6k▼ 8.3%
Debt
€148k▼ 25.1%
The debt ratio falls from 22.0% to 18.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-11k▼
2024 · €20k
Cash flow
€-15k▼
2024 · €10k
Solvency
80.9%▲
2024 · 77.3%
Current ratio
5.23▲
2024 · 4.54
Quick ratio
5.23▲
2024 · 4.54
Debt / equity
0.23▼
2024 · 0.28
ROE
-6.4%▼
2024 · -2.4%
ROA
-5.2%▼
2024 · -1.9%
Interest coverage
-3.61▼
2024 · 5.23
Debt
€148k▼
2024 · €198k
Debt ≤ 1 year
€51k▼
2024 · €74k
Debt > 1 year
€95k▼
2024 · €122k
Income taxes
€2k▼
2024 · €9k
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€902k€809k▼
Fixed assets21/28€564k€545k▼
Tangible fixed assets22/27€554k€533k▼
Land and buildings22€528k€516k▼
Furniture and vehicles24€26k€17k▼
Financial fixed assets28€10k€12k▲
Current assets29/58€337k€264k▼
Amounts receivable within one year40/41€10k€21k▲
Trade receivables40€3k€13k▲
Other amounts receivable41€6k€9k▲
Current investments50/53-€100k
Cash at bank and in hand54/58€322k€139k▼
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€902k€809k▼
Equity10/15€697k€655k▼
Contributions10/11€298k€298k=
Capital10€298k€298k=
Issued capital100€298k€298k=
Reserves13€413k€411k▼
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Tax-exempt reserves132€26k€24k▼
Distributable reserves133€362k€362k=
Profit (loss) carried forward14€-15k€-55k▼
Provisions and deferred taxes16€7k€6k▼
Deferred taxes168€7k€6k▼
Amounts payable17/49€198k€148k▼
Amounts payable after more than one year17€122k€95k▼
Financial debts170/4€122k€95k▼
Amounts payable within one year42/48€74k€51k▼
Current portion of amounts payable after more than one year42€26k€26k▲
Trade debts44€7k€9k▲
Suppliers440/4€7k€9k▲
Taxes, remuneration and social security45€16k€7k▼
Taxes450/3€14k€5k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€26k€8k▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k▲
Other operating charges640/8€10k€10k▲
Gross operating margin9900€29k€-1k▼
Operating profit (loss)9901€-7k€-38k▼
Financial income75/76B€2k€565▼
Recurring financial income75€2k€565▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-9k€-40k▼
Transfer from deferred taxes780€547€547=
Income taxes67/77€9k€2k▼
Profit (loss) for the period9904€-17k€-42k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€-15k€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-55k▼
Profit (loss) brought forward from the previous period14P-€-15k
The notes to these accounts (10 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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 119 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €145k
Net result €145k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
VANDORMAEL Tom
CurrentDirector · since 18-12-2023
18-12-2023
VANDORMAEL Tom: Appointed as Director
18-12-2023
PORTUGAELS Esther Josephine Hubertine: Resigned as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 1989
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.
Zolderstraat 203510 HasseltGround area
1,569 m²
Building footprint
196 m²
Volume, LiDAR
1,071 m³
Parcel 71028A0001/00N002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRATOVAL
since 19892.043.280.254
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71028A0001/00N002 | Flanders | 1,569 m² | 1 · 196 m² | 9.8 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.
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Of 3,142 companies in sector 63920 we hold annual accounts for 1,516. 881 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-03-1989
Fiscal year end31-12
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.