Equity
€141,651 ▲ 8.3%
FRAX has made a profit without a break since 2022.
FRAX
Lifetime
7 annual accounts with figures on one time axispeak €126,308 (2023)
€103,862▼ 9.3%
lowest -€28,099 (2021)
€10,853▼ 80.8%
peak €141,651 (2025)
€141,651▲ 8.3%
€887,572▲ 39.9%
Board1 name since 2018
Documentsfilings and deeds
28-08-2026120 days late
2025micro format
Result from €56,565 to €10,853Debts from €634,603 to €887,572Investments €262,264
Key points
from the 2025 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Debts
€887,572 86% of the balance sheet
Financial debts 74%Suppliers 5%Taxes and wages 2%Other 19%
Of this, €226,835 falls due within a year.
Investments
€262,264 4.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 122.6% higher than in 2024.
Filings
7 annual accounts 120 days
Latest accounts filed late: after the legal deadline.
Starting capital
€18,600 100 shares
Checked score
55
Fair
Financially stronger than 45% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.1%▼ -0.2 percentage points vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.2 percentage points vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 1.1%▲ +0.6 percentage points vs 06-2026
08-2026: 1.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.6%▼ -0.6 percentage points vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 120 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €1.0m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 28-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 34% of them on solvency, 40% on liquidity, 40% on profitability and 64% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as FRAX has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FRAX itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,372 companies, not a prediction for FRAX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is insufficient, with a current ratio of 0.81 (0.61 in 2024), below 1. Short-term debt is 22% and cash 2.4% of total assets. 86.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €141,651
raises risk · 2025 accounts filed 120 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-08-2026, 120 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 7 filingsDeviation from the deadline
2025
120 days late
2024
on the day
2023
36 days early
2022
2 days early
2021
3 days late
2020
1 day early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Board and ownership
- van Daele,Francis Camille Nicole Ghislaine 100 sharesdeed of 18-10-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0711762838
Environmental permit granted
Bouwen of herbouwen, Een grond gebruiken, aanleggen of inrichten, Het reliëf van de bodem aanmerkelijk wijzigen · Gent
Environmental permit refused
Bouwen of herbouwen, Een grond gebruiken, aanleggen of inrichten, Het reliëf van de bodem aanmerkelijk wijzigen · Gent
Environmental permit granted
Het reliëf van de bodem aanmerkelijk wijzigen, Ontbossen · Gent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRAX Destelbergen | €1.0m | €103,862 | 13.8% | - |
| MINT Lievegem | €1.0m | €70,147 | 5.3% | - |
| STIBO Nazareth-De Pinte | €0.9m | €136,517 | 9.2% | - |
| AM-BEHEER Temse | €1.2m | €84,266 | 62.6% | - |
| Léjuré Aalter | €0.9m | €150,092 | -1.2% | - |
| Qumaco Sint-Niklaas | €1.0m | €139,870 | 17.4% | - |
| ATLAS CARE Beveren-Kruibeke-Zwijndrecht | €0.9m | €116,239 | 88.2% | - |
These companies have the same main activity as FRAX: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €873,000 and €1.2m, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 16-10-2018Normal situation
- Activity
- Development of residential building projectsNACE 68121and 6 others
- Establishment unit
- 2.281.509.6809070 Destelbergen, since 16-10-2018
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Insights on FRAX
FRAX files the micro format. That format states no turnover. The gross margin rose from -€4,764 in 2019 to €103,862 in 2025.
The balance sheet grew most from 2020 to 2021 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FRAX
- What is the company number of FRAX?
- The company number of FRAX is 0711.762.838. The VAT number is the same number with BE in front: BE 0711.762.838.
- Where is FRAX based?
- The registered office is at Voordelingen 8, 9070 Destelbergen.Company details
- What does FRAX do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of FRAX?
- FRAX is a private limited company (pre-2019) (BVBA).
- When was FRAX founded?
- FRAX was founded on 16-10-2018.
- Is FRAX still active?
- Yes, FRAX is an active enterprise in the KBO register.
- What is the turnover of FRAX?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €103,862 and 49 comparable companies (NACE 681). It probably lies between €140,000 and €350,000.Financials
- Is FRAX profitable?
- In financial year 2025, FRAX made a profit of €10,853.
- Where can I find the annual accounts of FRAX?
- FRAX filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FRAX due?
- FRAX must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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