FRAVAN
ActiveSummary
FRAVAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €762,042 and a net result of €201,706. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+34
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 37.83 against 7.59 in 2024; short-term debt: 2.1% and cash: 28.3% of total assets), and 2.1% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
97.9%
Return on assets
25.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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 · 10 filingsDeviation from the deadline
2025
40 d late
2024
30 d late
2023
62 d late
2022
31 d late
2021
31 d late
2020
114 d late
2019
59 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 52 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 (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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€201,706
2024 · -€16,542
Working capital
€615,444▲ 51.2%
2024 · €407,172
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Operating result-€5,477€2,646-€1,282-€5,812▼ 353%€285,870
Net result-€1,302within the sector's middle half€4,818within the sector's middle half€2,116within the sector's middle half▼ 56.1%-€16,542within the sector's middle half€201,706above the sector's middle half
Equity€569,944within the sector's middle half▼ 0.2%€574,762within the sector's middle half▲ 0.8%€576,878within the sector's middle half▲ 0.4%€560,336within the sector's middle half▼ 2.9%€762,042within the sector's middle half▲ 36.0%
Total assets€763,347within the sector's middle half▼ 9.2%€688,587within the sector's middle half▼ 9.8%€691,008within the sector's middle half▲ 0.4%€660,517below the sector's middle half▼ 4.4%€778,753below the sector's middle half▲ 17.9%
Debt€89,367▼ 43.9%€12,871▼ 85.6%€16,376▲ 27.2%€62,001▲ 279%€16,711▼ 73.0%
Working capital€239,991▲ 1.5%€257,808▲ 7.4%€265,532▲ 3.0%€407,172▲ 53.3%€615,444▲ 51.2%
Solvency74.7%above the sector's middle half▲ 6.7pp83.5%above the sector's middle half▲ 8.8pp83.5%above the sector's middle half=84.8%above the sector's middle half▲ 1.3pp97.9%above the sector's middle half▲ 13.0pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €285,870 after a loss of €5,812 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €778,753
Fixed assets
€146,598 ▼ 23.5%
Current assets
€632,156 ▲ 34.8%
Equity and liabilities €778,753
Equity
€762,042 ▲ 36.0%
Provisions
€0 ▼ 100%
Debt
€16,711 ▼ 73.0%
Debt's share of the balance-sheet total falls from 9.4% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€291,810▲
2024 · €12,560
Cash flow
€207,646▲
2024 · €1,830
Current ratio
37.83▲
2024 · 7.59
Debt to equity
0.02▼
2024 · 0.11
ROE
26.5%▲
2024 · -3.0%
ROA
25.9%▲
2024 · -2.5%
Interest coverage
1704.40▲
2024 · 36.33
Debt ≤ 1 year
€16,711▼
2024 · €61,740
Income taxes
€128,432▲
2024 · €75,307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 20,129 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €7,000 | €0 | €298,660 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,840 | €16,606 | €17,122 | €18,372 | €5,940 | ▼ 67.7% |
| Other operating charges640/8 | €4,494 | €3,268 | €4,927 | €3,825 | €2,666 | ▼ 30.3% |
| Non-recurring operating charges66A | - | - | - | €7,685 | €0 | ▼ 100% |
| Gross operating margin9900 | €15,857 | €22,520 | €20,766 | €24,070 | €294,476 | ▲ 1,123% |
| Operating profit (loss)9901 | -€5,477 | €2,646 | -€1,282 | -€5,812 | €285,870 | ▲ 5,018% |
| Financial income75/76B | €5,036 | €4,589 | €4,866 | €5,348 | €6,259 | ▲ 17.0% |
| Recurring financial income75 | €5,036 | €4,589 | €4,866 | €5,348 | €6,259 | ▲ 17.0% |
| Financial charges65/66B | €1,662 | €275 | €355 | €346 | €171 | ▼ 50.5% |
| Recurring financial charges65 | €1,662 | €275 | €355 | €346 | €171 | ▼ 50.5% |
| Profit (loss) for the period before taxes9903 | -€2,102 | €6,960 | €3,229 | -€810 | €291,958 | ▲ 36,149% |
| Transfer from deferred taxes780 | €6,072 | €3,083 | €3,199 | €59,575 | €38,180 | ▼ 35.9% |
| Transfer to deferred taxes680 | €0 | - | - | - | - | - |
| Income taxes67/77 | €5,272 | €5,225 | €4,312 | €75,307 | €128,432 | ▲ 70.5% |
| Profit (loss) for the period9904 | -€1,302 | €4,818 | €2,116 | -€16,542 | €201,706 | ▲ 1,319% |
| Transfer from tax-exempt reserves789 | €11,792 | €5,988 | €6,213 | €173,410 | €74,147 | ▼ 57.2% |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,490 | €10,806 | €8,329 | €156,868 | €275,853 | ▲ 75.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €763,347 | €688,587 | €691,008 | €660,517 | €778,753 | ▲ 17.9% |
| Fixed assets21/28 | €434,977 | €418,371 | €411,434 | €191,605 | €146,598 | ▼ 23.5% |
| Tangible fixed assets22/27 | €309,977 | €293,371 | €286,434 | €66,605 | €21,598 | ▼ 67.6% |
| Land and buildings22 | €309,977 | €293,371 | €286,434 | €66,605 | €21,598 | ▼ 67.6% |
| Financial fixed assets28 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Current assets29/58 | €328,371 | €270,216 | €279,574 | €468,911 | €632,156 | ▲ 34.8% |
| Stocks and contracts in progress3 | - | - | - | €193,772 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €193,772 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €261,068 | €231,291 | €273,899 | €272,917 | €411,542 | ▲ 50.8% |
| Trade receivables40 | €37,180 | €7,747 | €18,457 | €9,987 | €10,755 | ▲ 7.7% |
| Other amounts receivable41 | €223,888 | €223,544 | €255,442 | €262,930 | €400,787 | ▲ 52.4% |
| Cash at bank and in hand54/58 | €64,086 | €35,702 | €5,281 | €1,988 | €220,557 | ▲ 10,993% |
| Deferred charges and accrued income490/1 | €3,216 | €3,223 | €395 | €234 | €57 | ▼ 75.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €763,347 | €688,587 | €691,008 | €660,517 | €778,753 | ▲ 17.9% |
| Equity10/15 | €569,944 | €574,762 | €576,878 | €560,336 | €762,042 | ▲ 36.0% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €312,257 | €316,269 | €318,056 | €300,647 | €501,500 | ▲ 66.8% |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Tax-exempt reserves132 | €259,757 | €253,769 | €247,556 | €74,147 | €0 | ▼ 100% |
| Distributable reserves133 | €45,000 | €55,000 | €63,000 | €219,000 | €494,000 | ▲ 126% |
| Profit (loss) carried forward14 | €182,687 | €183,493 | €183,822 | €184,689 | €185,542 | ▲ 0.5% |
| Provisions and deferred taxes16 | €104,037 | €100,954 | €97,754 | €38,180 | €0 | ▼ 100% |
| Deferred taxes168 | €104,037 | €100,954 | €97,754 | €38,180 | €0 | ▼ 100% |
| Amounts payable17/49 | €89,367 | €12,871 | €16,376 | €62,001 | €16,711 | ▼ 73.0% |
| Amounts payable after more than one year17 | €987 | €0 | €2,309 | €0 | - | - |
| Financial debts170/4 | €987 | €0 | €2,309 | €0 | - | - |
| Amounts payable within one year42/48 | €88,380 | €12,408 | €14,042 | €61,740 | €16,711 | ▼ 72.9% |
| Current portion of amounts payable after more than one year42 | €10,921 | €5,208 | €7,235 | €2,309 | €0 | ▼ 100% |
| Financial debts43 | - | - | €434 | €0 | - | - |
| Credit institutions430/8 | - | - | €434 | €0 | - | - |
| Trade debts44 | €26,102 | €2,098 | €5,099 | €2,388 | €1,287 | ▼ 46.1% |
| Suppliers440/4 | €26,102 | €2,098 | €5,099 | €2,388 | €1,287 | ▼ 46.1% |
| Taxes, remuneration and social security45 | €7,854 | €225 | €1,273 | €15,341 | €15,424 | ▲ 0.5% |
| Taxes450/3 | €7,854 | €225 | €1,273 | €15,341 | €15,424 | ▲ 0.5% |
| Other amounts payable47/48 | €43,502 | €4,877 | €0 | €41,702 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €0 | €463 | €26 | €261 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,302 | €4,818 | €2,116 | -€16,542 | €201,706 | ▲ 1,319% |
| + Depreciation and write-downs630 | €16,840 | €16,606 | €17,122 | €18,372 | €5,940 | ▼ 67.7% |
| Operating cash flow (approximation) | €15,537 | €21,424 | €19,237 | €1,830 | €207,646 | ▲ 11,246% |
| Investment in fixed assets (approximation) | - | €0 | -€10,185 | €201,457 | €39,068 | ▼ 80.6% |
| Change in cash | - | -€28,384 | -€30,422 | -€3,292 | €218,568 | ▲ 6,739% |
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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 40 days late
2025
31-12
Financial
Back to profitnet €201,706
Net result €201,706 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 37.83
Current ratio from 7.59 to 37.83; short-term debt falls from €61,740 to €16,711.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€16,542
Net result drops to -€16,542, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 62 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €4,818
Net result €4,818 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 21.78
Current ratio from 3.72 to 21.78; short-term debt falls from €88,380 to €12,408.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 114 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.20 to 2.55; short-term debt falls from €224,596 to €152,201.
Show earlier events
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
31-12
Financial
Back to profitnet €132,333
Net result €132,333 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.20
Current ratio from 0.58 to 1.20; short-term debt falls from €431,929 to €224,596.
31-12
Financial
Equity above €500,000Eq €522,376 ▲33.9%
Equity rises from €390,042 to €522,376.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Roeselare · 1 establishment unit since 1992
Ground area
1,401 m²
Building footprint
167 m²
Volume, LiDAR
998 m³
Parcel 36302B0880/00V000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FRAVAN
since 19922.060.139.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0880/00V000 | Flanders | 1,401 m² | 1 · 167 m² | 8.8 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of FRAVAN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,087 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
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?
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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.