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FRAUKE

Active
Private limited companyfounded 20224 yrs activeTrekweg Linkeroever 26, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0784.776.223
Summary

FRAUKE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65,037 and a net result of €12,074. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability90▼-10
Solvency100▲+11
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 11.2 against 2.59 in 2023; short-term debt: 8.2% and cash: 68.9% of total assets), and 8.2% of the assets are financed with debt.
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Signals

Three 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
59 d late
2023
60 d late
2022
71 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 April 2022, FRAUKE was incorporated as a Private limited company.1 Total assets went from EUR 41,206 in 2022 to EUR 70,852 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€65,037▲ 22.8%
2023 · €52,963
Total assets
€70,852▼ 14.6%
2023 · €82,979
Net result
€12,074▼ 55.3%
2023 · €27,020
Working capital
€59,328▲ 24.0%
2023 · €47,862
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€38,723-€40,414▲ 4.4%€17,077▼ 57.7%
Net result€24,443within the sector's middle half-€27,020within the sector's middle half▲ 10.5%€12,074below the sector's middle half▼ 55.3%
Equity€25,943below the sector's middle half-€52,963within the sector's middle half▲ 104%€65,037within the sector's middle half▲ 22.8%
Total assets€41,206below the sector's middle half-€82,979below the sector's middle half▲ 101%€70,852below the sector's middle half▼ 14.6%
Debt€15,263-€30,016▲ 96.7%€5,815▼ 80.6%
Working capital€24,961-€47,862▲ 91.7%€59,328▲ 24.0%
Solvency63.0%within the sector's middle half-63.8%within the sector's middle half▲ 0.9pp91.8%above the sector's middle half▲ 28.0pp
above within below the middle half (P25 to P75) of NACE 86, Human health activities, 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
€0€20,000€40,000Operating result 2022: €38,723€38,723Net result 2022: €24,443€24,443Operating result 2023: €40,414€40,414Net result 2023: €27,020€27,020Operating result 2024: €17,077€17,077Net result 2024: €12,074€12,074202220232024€0€20,000€40,000Operating result 2022: €38,723€38,700Net result 2022: €24,443€24,400Operating result 2023: €40,414€40,400Net result 2023: €27,020€27,000Operating result 2024: €17,077€17,100Net result 2024: €12,074€12,100202220232024
The operating result falls in 2024; 2024 is 58% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70,852
Fixed assets €5,709 ▲ 11.9%
Current assets €65,143 ▼ 16.4%
Equity and liabilities €70,852
Equity €65,037 ▲ 22.8%
Debt €5,815 ▼ 80.6%
Debt's share of the balance-sheet total falls from 36.2% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€18,480▼
2023 · €41,323
Cash flow
€13,477▼
2023 · €27,929
Current ratio
11.20▲
2023 · 2.59
Debt to equity
0.09▼
2023 · 0.57
ROE
18.6%▼
2023 · 51.0%
ROA
17.0%▼
2023 · 32.6%
Interest coverage
177.69▼
2023 · 413.23
Debt ≤ 1 year
€5,815▼
2023 · €30,016
Income taxes
€4,899▼
2023 · €13,294
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€82,979€70,852▼
Fixed assets21/28€5,101€5,709▲
Tangible fixed assets22/27€5,101€5,709▲
Plant, machinery and equipment23€832€1,914▲
Other tangible fixed assets26€4,269€3,795▼
Current assets29/58€77,878€65,143▼
Amounts receivable within one year40/41€8,857€14,351▲
Trade receivables40€6,567€8,052▲
Other amounts receivable41€2,290€6,299▲
Cash at bank and in hand54/58€68,112€48,794▼
Deferred charges and accrued income490/1€909€1,998▲
Equity and liabilities
Total equity and liabilities10/49€82,979€70,852▼
Equity10/15€52,963€65,037▲
Contributions10/11€1,500€1,500=
Reserves13€51,463€51,463=
Distributable reserves133€51,463€51,463=
Profit (loss) carried forward14-€12,074
Amounts payable17/49€30,016€5,815▼
Amounts payable within one year42/48€30,016€5,815▼
Trade debts44€2,504€916▼
Suppliers440/4€2,504€916▼
Taxes, remuneration and social security45€27,512€4,899▼
Taxes450/3€27,512€4,899▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€909€1,403▲
Other operating charges640/8-€141
Gross operating margin9900€41,323€18,621▼
Operating profit (loss)9901€40,414€17,077▼
Financial charges65/66B€100€104▲
Recurring financial charges65€100€104▲
Profit (loss) for the period before taxes9903€40,314€16,973▼
Income taxes67/77€13,294€4,899▼
Profit (loss) for the period9904€27,020€12,074▼
Profit (loss) for the period to be appropriated9905€27,020€12,074▼
Appropriation of the result
Profit (loss) to be appropriated9906€27,020€12,074▼
Transfer to equity691/2€27,020-
To other reserves6921€27,020-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37€909€1,403▲ 54.3%
Other operating charges640/8€298-€141-
Gross operating margin9900€39,058€41,323€18,621▼ 54.9%
Operating profit (loss)9901€38,723€40,414€17,077▼ 57.7%
Financial income75/76B€2---
Recurring financial income75€2---
Financial charges65/66B€64€100€104▲ 4.0%
Recurring financial charges65€64€100€104▲ 4.0%
Profit (loss) for the period before taxes9903€38,661€40,314€16,973▼ 57.9%
Income taxes67/77€14,218€13,294€4,899▼ 63.1%
Profit (loss) for the period9904€24,443€27,020€12,074▼ 55.3%
Profit (loss) for the period to be appropriated9905€24,443€27,020€12,074▼ 55.3%
Line202220232024Change
Assets
Total assets20/58€41,206€82,979€70,852▼ 14.6%
Fixed assets21/28€1,267€5,101€5,709▲ 11.9%
Tangible fixed assets22/27€1,267€5,101€5,709▲ 11.9%
Plant, machinery and equipment23€1,267€832€1,914▲ 130%
Other tangible fixed assets26-€4,269€3,795▼ 11.1%
Current assets29/58€39,939€77,878€65,143▼ 16.4%
Amounts receivable within one year40/41€8,850€8,857€14,351▲ 62.0%
Trade receivables40€8,176€6,567€8,052▲ 22.6%
Other amounts receivable41€674€2,290€6,299▲ 175%
Cash at bank and in hand54/58€31,089€68,112€48,794▼ 28.4%
Deferred charges and accrued income490/1-€909€1,998▲ 120%
Equity and liabilities
Total equity and liabilities10/49€41,206€82,979€70,852▼ 14.6%
Equity10/15€25,943€52,963€65,037▲ 22.8%
Contributions10/11€1,500€1,500€1,500=
Reserves13€24,443€51,463€51,463=
Distributable reserves133€24,443€51,463€51,463=
Profit (loss) carried forward14--€12,074-
Amounts payable17/49€15,263€30,016€5,815▼ 80.6%
Amounts payable within one year42/48€14,978€30,016€5,815▼ 80.6%
Trade debts44-€2,504€916▼ 63.4%
Suppliers440/4-€2,504€916▼ 63.4%
Taxes, remuneration and social security45€14,218€27,512€4,899▼ 82.2%
Taxes450/3€14,218€27,512€4,899▼ 82.2%
Other amounts payable47/48€760---
Accrued charges and deferred income492/3€285---
Line202220232024Change
Profit (loss) for the period9904€24,443€27,020€12,074▼ 55.3%
+ Depreciation and write-downs630€37€909€1,403▲ 54.3%
Operating cash flow (approximation)€24,480€27,929€13,477▼ 51.7%
Investment in fixed assets (approximation)--€4,743-€2,011▲ 57.6%
Change in cash-€37,023-€19,318▼ 152%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial Weakest financial yearnet €12,074 ▼55.3%
Net result drops to €12,074, the lowest in the series.
31-12
Financial Liquidity quadruplescurrent ratio 11.20
Current ratio from 2.59 to 11.20; short-term debt falls from €30,016 to €5,815.
29-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-12
Financial Highest result since 2022net €27,020 ▲10.5%
Operating result €40,414, net result €27,020, both a record.
10-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
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, Oudenaarde · 1 establishment unit since 2022
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.

Trekweg Linkeroever 269700 Oudenaarde
1 establishment unit
FRAUKE
Trekweg Linkeroever 26, 9700 OudenaardeOther business support services
since 20222.330.171.711

Similar companies · same sector, comparable size

Of 5,993 companies in sector 86940 we hold annual accounts for 1,807. 1,577 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded12-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
86940Nursing and midwifery
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.