FRAVI
ActiveSummary
FRAVI has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €424,220 and a net result of -€14,875. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-11
Solvency83=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.49 against 3.43 in 2024; short-term debt: 24.3% and cash: 15% of total assets), and 41.5% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
40 d early
2022
13 d early
2021
31 d early
2020
27 d late
2019
on the day
← 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 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€424,220▼ 3.4%
2024 · €439,095
Total assets
€725,778▼ 5.0%
2024 · €763,575
Net result
-€14,875
2024 · €4,765
Working capital
€439,416▼ 13.6%
2024 · €508,686
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€90,265▼ 48.6%€14,885▼ 83.5%€56,081▲ 277%€27,664▼ 50.7%-€2,853
Net result€52,846▼ 52.7%-€426€29,594€4,765▼ 83.9%-€14,875
Equity€518,380▲ 11.4%€517,955▼ 0.1%€434,330▼ 16.1%€439,095▲ 1.1%€424,220▼ 3.4%
Total assets€915,103▲ 3.7%€965,639▲ 5.5%€765,729▼ 20.7%€763,575▼ 0.3%€725,778▼ 5.0%
Debt€396,722▼ 4.9%€447,684▲ 12.8%€331,399▼ 26.0%€324,480▼ 2.1%€301,558▼ 7.1%
Working capital€576,107▲ 23.9%€543,587▼ 5.6%€505,184▼ 7.1%€508,686▲ 0.7%€439,416▼ 13.6%
Staff (FTE)10.6▼ 19.1%9.1▼ 14.2%9.2▲ 1.1%9.3▲ 1.1%6.8▼ 26.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,853 after €27,664 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725,778
Fixed assets
€109,688 ▲ 140%
Current assets
€616,090 ▼ 14.2%
Equity and liabilities €725,778
Equity
€424,220 ▼ 3.4%
Debt
€301,558 ▼ 7.1%
Debt's share of the balance-sheet total falls from 42.5% to 41.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16,003▼
2024 · €36,553
Cash flow
€3,980▼
2024 · €13,654
Current ratio
3.49▲
2024 · 3.43
Quick ratio
2.09▼
2024 · 2.19
Debt to equity
0.71▼
2024 · 0.74
ROE
-3.5%▼
2024 · 1.1%
ROA
-2.0%▼
2024 · 0.6%
Interest coverage
1.06▼
2024 · 1.93
Debt ≤ 1 year
€176,674▼
2024 · €209,253
Debt > 1 year
€124,884▲
2024 · €115,227
Income taxes
€440▼
2024 · €4,666
Staff costs
€256,997▲
2024 · €255,545
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 12,304 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €218,746 | €225,676 | €233,212 | €255,545 | €256,997 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,068 | €32,973 | €31,768 | €8,889 | €18,856 | ▲ 112% |
| Other operating charges640/8 | €5,876 | €6,986 | €8,232 | €5,045 | €11,263 | ▲ 123% |
| Gross operating margin9900 | €356,955 | €280,518 | €329,292 | €297,143 | €284,263 | ▼ 4.3% |
| Operating profit (loss)9901 | €90,265 | €14,885 | €56,081 | €27,664 | -€2,853 | ▼ 110% |
| Financial income75/76B | - | €363 | €348 | €701 | €3,475 | ▲ 396% |
| Recurring financial income75 | - | €363 | €348 | €701 | €3,475 | ▲ 396% |
| Financial charges65/66B | €15,482 | €13,800 | €13,269 | €18,934 | €15,058 | ▼ 20.5% |
| Recurring financial charges65 | €15,482 | €13,800 | €13,269 | €18,934 | €15,058 | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | €74,783 | €1,447 | €43,160 | €9,431 | -€14,435 | ▼ 253% |
| Income taxes67/77 | €21,937 | €1,873 | €13,567 | €4,666 | €440 | ▼ 90.6% |
| Profit (loss) for the period9904 | €52,846 | -€426 | €29,594 | €4,765 | -€14,875 | ▼ 412% |
| Transfer from tax-exempt reserves789 | €6,429 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €59,274 | -€426 | €29,594 | €4,765 | -€14,875 | ▼ 412% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €915,103 | €965,639 | €765,729 | €763,575 | €725,778 | ▼ 5.0% |
| Fixed assets21/28 | €107,291 | €82,774 | €54,526 | €45,637 | €109,688 | ▲ 140% |
| Tangible fixed assets22/27 | €106,894 | €82,378 | €54,129 | €45,240 | €109,291 | ▲ 142% |
| Plant, machinery and equipment23 | €49,983 | €33,851 | €12,742 | €9,410 | €6,143 | ▼ 34.7% |
| Furniture and vehicles24 | €1,742 | €512 | - | - | €70,688 | - |
| Other tangible fixed assets26 | €55,169 | €48,015 | €41,387 | €35,830 | €32,460 | ▼ 9.4% |
| Financial fixed assets28 | €397 | €397 | €397 | €397 | €397 | = |
| Current assets29/58 | €807,812 | €882,864 | €711,203 | €717,939 | €616,090 | ▼ 14.2% |
| Stocks and contracts in progress3 | €231,531 | €235,253 | €282,119 | €259,869 | €246,156 | ▼ 5.3% |
| Stocks30/36 | €231,531 | €235,253 | €282,119 | €259,869 | €246,156 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €78,060 | €99,258 | €85,443 | €74,420 | €75,091 | ▲ 0.9% |
| Trade receivables40 | €37,402 | €69,355 | €75,110 | €58,566 | €42,934 | ▼ 26.7% |
| Other amounts receivable41 | €40,658 | €29,903 | €10,333 | €15,854 | €32,158 | ▲ 103% |
| Current investments50/53 | €360,130 | €432,629 | €221,619 | €272,304 | €179,723 | ▼ 34.0% |
| Cash at bank and in hand54/58 | €137,363 | €107,762 | €117,786 | €103,039 | €109,137 | ▲ 5.9% |
| Deferred charges and accrued income490/1 | €728 | €7,962 | €4,237 | €8,307 | €5,982 | ▼ 28.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €915,103 | €965,639 | €765,729 | €763,575 | €725,778 | ▼ 5.0% |
| Equity10/15 | €518,380 | €517,955 | €434,330 | €439,095 | €424,220 | ▼ 3.4% |
| Contributions10/11 | €55,776 | €55,776 | €55,776 | €55,776 | €55,776 | = |
| Reserves13 | €462,604 | €462,179 | €378,554 | €383,319 | €368,444 | ▼ 3.9% |
| Non-distributable reserves130/1 | €18,953 | - | - | - | - | - |
| Reserves not available under the articles1311 | €18,953 | - | - | - | - | - |
| Distributable reserves133 | €443,652 | €462,179 | €378,554 | €383,319 | €368,444 | ▼ 3.9% |
| Amounts payable17/49 | €396,722 | €447,684 | €331,399 | €324,480 | €301,558 | ▼ 7.1% |
| Amounts payable after more than one year17 | €165,018 | €108,407 | €125,380 | €115,227 | €124,884 | ▲ 8.4% |
| Financial debts170/4 | - | €20,952 | €1,622 | - | - | - |
| Trade debts175 | €165,018 | €87,455 | €123,758 | €115,227 | €124,884 | ▲ 8.4% |
| Amounts payable within one year42/48 | €231,704 | €339,277 | €206,019 | €209,253 | €176,674 | ▼ 15.6% |
| Current portion of amounts payable after more than one year42 | - | €19,079 | €19,320 | €1,622 | - | - |
| Trade debts44 | €52,119 | €138,988 | €44,668 | €55,999 | €44,148 | ▼ 21.2% |
| Suppliers440/4 | €52,119 | €138,988 | €44,668 | €55,999 | €44,148 | ▼ 21.2% |
| Taxes, remuneration and social security45 | €50,381 | €46,238 | €58,136 | €55,297 | €54,005 | ▼ 2.3% |
| Taxes450/3 | €1,573 | €1,590 | €5,356 | €5,630 | €1,812 | ▼ 67.8% |
| Remuneration and social security454/9 | €48,808 | €44,648 | €52,781 | €49,667 | €52,193 | ▲ 5.1% |
| Other amounts payable47/48 | €129,205 | €134,971 | €83,894 | €96,335 | €78,522 | ▼ 18.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,846 | -€426 | €29,594 | €4,765 | -€14,875 | ▼ 412% |
| + Depreciation and write-downs630 | €42,068 | €32,973 | €31,768 | €8,889 | €18,856 | ▲ 112% |
| Operating cash flow (approximation) | €94,914 | €32,547 | €61,361 | €13,654 | €3,980 | ▼ 70.8% |
| Investment in fixed assets (approximation) | - | -€8,456 | -€3,519 | €0 | -€82,907 | - |
| Change in cash | - | -€29,601 | €10,023 | -€14,746 | €6,098 | ▲ 141% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€14,875
Net result drops to -€14,875, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €29,594
Net result €29,594 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €518,380 ▲11.4%
4 profitable years in a row build equity to €518,380.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €111,772 ▲58%
Operating result €175,705, net result €111,772, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Langemark-Poelkapelle · 1 establishment unit since 1993
Ground area
4,203 m²
Building footprint
1,157 m²
Volume, LiDAR
5,071 m³
2 parcels, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FRAVI
since 19932.064.298.867
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33020E0574/00T000 | Flanders | 3,472 m² | 1 · 970 m² | 8.3 m · 1 fl. |
| 33014C1051/00W000 | Flanders | 731 m² | 1 · 187 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLangemark-Poelkapelle2.064.298.867
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,363 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
Founded11-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451041189
Also
9925:BE0451041189
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.