FRAVALINI
ActiveSummary
FRAVALINI has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,662 and a net result of -€9,124. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 64% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-63
Solvency85▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 2.23 in 2024; short-term debt: 38.7% and cash: 55.9% of total assets), and 40.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.7%
Return on assets
-5.5%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
58 d late
2023
28 d late
2022
2 d early
2021
27 d late
2020
4 d early
2019
1 d early
← 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 13 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 27 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€99,662▼ 8.4%
2024 · €108,787
Total assets
€166,981▼ 12.4%
2024 · €190,581
Net result
-€9,124
2024 · €9,730
Working capital
€90,900▼ 5.6%
2024 · €96,271
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Operating result€63,003▲ 24.3%€20,724▼ 67.1%€7,315▼ 64.7%€17,708▲ 142%-€6,060
Net result€45,945above the sector's middle half▲ 17.8%€14,686within the sector's middle half▼ 68.0%€5,112within the sector's middle half▼ 65.2%€9,730within the sector's middle half▲ 90.3%-€9,124below the sector's middle half
Equity€79,259within the sector's middle half▲ 138%€93,945within the sector's middle half▲ 18.5%€99,057within the sector's middle half▲ 5.4%€108,787within the sector's middle half▲ 9.8%€99,662within the sector's middle half▼ 8.4%
Total assets€264,465within the sector's middle half▲ 30.6%€294,579within the sector's middle half▲ 11.4%€256,626within the sector's middle half▼ 12.9%€190,581within the sector's middle half▼ 25.7%€166,981within the sector's middle half▼ 12.4%
Debt€185,205▲ 9.5%€200,634▲ 8.3%€157,569▼ 21.5%€81,794▼ 48.1%€67,318▼ 17.7%
Working capital€79,259within the sector's middle half▲ 138%€93,945within the sector's middle half▲ 18.5%€99,057within the sector's middle half▲ 5.4%€96,271within the sector's middle half▼ 2.8%€90,900within the sector's middle half▼ 5.6%
Solvency30.0%within the sector's middle half▲ 13.5pp31.9%within the sector's middle half▲ 1.9pp38.6%within the sector's middle half▲ 6.7pp57.1%within the sector's middle half▲ 18.5pp59.7%within the sector's middle half▲ 2.6pp
Current ratio1.43within the sector's middle half▲ 0.231.47within the sector's middle half▲ 0.041.63within the sector's middle half▲ 0.162.23within the sector's middle half▲ 0.602.41within the sector's middle half▲ 0.18
Return on assets (ROA)17.4%above the sector's middle half▼ 1.9pp5.0%within the sector's middle half▼ 12.4pp2.0%within the sector's middle half▼ 3.0pp5.1%within the sector's middle half▲ 3.1pp-5.5%below the sector's middle half▼ 10.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 turns negative in 2025: a loss of €6,060 after €17,708 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166,981
Fixed assets
€11,540 ▼ 26.7%
Current assets
€155,441 ▼ 11.1%
Equity and liabilities €166,981
Equity
€99,662 ▼ 8.4%
Debt
€67,318 ▼ 17.7%
Debt's share of the balance-sheet total falls from 42.9% to 40.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,316▼
2024 · €21,178
Cash flow
-€5,380▼
2024 · €13,200
Quick ratio
2.36▲
2024 · 2.16
Debt to equity
0.68▼
2024 · 0.75
ROE
-9.2%▼
2024 · 8.9%
Interest coverage
-0.77▼
2024 · 6.31
Debt ≤ 1 year
€64,541▼
2024 · €78,559
Income taxes
€77▼
2024 · €4,622
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,910 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3,470 | €3,744 | ▲ 7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€4,246 | €800 | -€648 | -€1,213 | - | - |
| Other operating charges640/8 | €4,603 | €4,573 | €499 | €1,491 | €1,479 | ▼ 0.8% |
| Gross operating margin9900 | €63,359 | €26,097 | €7,166 | €21,455 | -€837 | ▼ 104% |
| Operating profit (loss)9901 | €63,003 | €20,724 | €7,315 | €17,708 | -€6,060 | ▼ 134% |
| Financial income75/76B | €8 | - | - | - | €14 | - |
| Recurring financial income75 | €8 | - | - | - | €14 | - |
| Financial charges65/66B | €340 | €683 | €343 | €3,356 | €3,001 | ▼ 10.6% |
| Recurring financial charges65 | €340 | €683 | €343 | €3,356 | €3,001 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €62,670 | €20,041 | €6,972 | €14,352 | -€9,048 | ▼ 163% |
| Income taxes67/77 | €16,725 | €5,356 | €1,860 | €4,622 | €77 | ▼ 98.3% |
| Profit (loss) for the period9904 | €45,945 | €14,686 | €5,112 | €9,730 | -€9,124 | ▼ 194% |
| Profit (loss) for the period to be appropriated9905 | €45,945 | €14,686 | €5,112 | €9,730 | -€9,124 | ▼ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €264,465 | €294,579 | €256,626 | €190,581 | €166,981 | ▼ 12.4% |
| Fixed assets21/28 | - | - | - | €15,751 | €11,540 | ▼ 26.7% |
| Tangible fixed assets22/27 | - | - | - | €15,751 | €11,540 | ▼ 26.7% |
| Furniture and vehicles24 | - | - | - | €15,751 | €11,540 | ▼ 26.7% |
| Current assets29/58 | €264,465 | €294,579 | €256,626 | €174,830 | €155,441 | ▼ 11.1% |
| Stocks and contracts in progress3 | €11,478 | €6,350 | €4,858 | €5,021 | €3,400 | ▼ 32.3% |
| Stocks30/36 | €11,478 | €6,350 | €4,858 | €5,021 | €3,400 | ▼ 32.3% |
| Amounts receivable within one year40/41 | €236,087 | €283,687 | €173,035 | €134,166 | €53,766 | ▼ 59.9% |
| Trade receivables40 | €18,728 | €16,974 | €54,273 | €15,594 | €27,986 | ▲ 79.5% |
| Other amounts receivable41 | €217,359 | €266,713 | €118,762 | €118,572 | €25,779 | ▼ 78.3% |
| Cash at bank and in hand54/58 | €16,614 | €4,543 | €78,733 | €35,219 | €93,321 | ▲ 165% |
| Deferred charges and accrued income490/1 | €286 | - | - | €424 | €4,955 | ▲ 1,068% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €264,465 | €294,579 | €256,626 | €190,581 | €166,981 | ▼ 12.4% |
| Equity10/15 | €79,259 | €93,945 | €99,057 | €108,787 | €99,662 | ▼ 8.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €57,259 | €71,945 | €77,057 | €86,787 | €77,662 | ▼ 10.5% |
| Amounts payable17/49 | €185,205 | €200,634 | €157,569 | €81,794 | €67,318 | ▼ 17.7% |
| Amounts payable within one year42/48 | €185,205 | €200,634 | €157,569 | €78,559 | €64,541 | ▼ 17.8% |
| Trade debts44 | €53,830 | €63,092 | €19,969 | €7,020 | €19,487 | ▲ 178% |
| Suppliers440/4 | €53,830 | €63,092 | €19,969 | €7,020 | €19,487 | ▲ 178% |
| Advances received on contracts in progress46 | - | - | €11,500 | - | - | - |
| Taxes, remuneration and social security45 | €16,725 | €22,081 | €1,860 | €6,482 | €4,698 | ▼ 27.5% |
| Taxes450/3 | €16,725 | €22,081 | €1,860 | €6,482 | €4,698 | ▼ 27.5% |
| Other amounts payable47/48 | €114,650 | €115,461 | €124,240 | €65,057 | €40,356 | ▼ 38.0% |
| Accrued charges and deferred income492/3 | - | - | - | €3,236 | €2,777 | ▼ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,945 | €14,686 | €5,112 | €9,730 | -€9,124 | ▼ 194% |
| + Depreciation and write-downs630 | - | - | - | €3,470 | €3,744 | ▲ 7.9% |
| Operating cash flow (approximation) | €45,945 | €14,686 | €5,112 | €13,200 | -€5,380 | ▼ 141% |
| Investment in fixed assets (approximation) | - | - | - | - | €467 | - |
| Change in cash | - | -€12,071 | €74,190 | -€43,514 | €58,102 | ▲ 234% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Equity above €100,000Eq €108,787 ▲9.8%
6 profitable years in a row build equity to €108,787.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Highest result since 2018net €45,945 ▲17.8%
Operating result €63,003, net result €45,945, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3,312
Net result €3,312 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Izegem · 1 establishment unit since 2011
Ground area
1,010 m²
Building footprint
177 m²
Volume, LiDAR
1,046 m³
Parcel 36494D0250/00K000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Abelestraat 48, 8870 Izegem
since 20112.197.247.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0250/00K000 | Flanders | 1,010 m² | 1 · 177 m² | 6.8 m · 2 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.
Similar companies · same sector, comparable size
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LP LIGHTING
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Manage · Eq €91,009
LEDSPECIALIST
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Visé · Eq €109,482
Of 268 companies in sector 46474 we hold annual accounts for 181. 133 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
Founded21-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46474Wholesale trade
47552Retail sale of lighting equipment
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832994626
Also
9925:BE0832994626
Registered
18-01-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.