Checked.be
Active
BE 0801.379.158Private limited company
FRAX
Brulens 28 ·2275 Lille, Belgium· 3 yrs active
Sector: General electrical installation work
(43211)
Conclusion
The computed 12-month bankruptcy probability of FRAX is 2.7% (moderate). The 2024 annual accounts show equity of €11k and a net result of €3k. Its solvency ranks better than 6% of 7431 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €11k |
| Net result | €3k |
| Staff (FTE) | 1.9 |
| Better than sector | 6% |
Financial profile
58
/ 100
Mixed profile: strong on profitability, weaker on solvency.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
43
Profitability
100
Solvency
11
Growth
-
Stability
79
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
43
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score components
Liquidity
Current ratio 1.00 (< 1.0)
-10
Quick ratio
Quick ratio 0.42 (< 0.6)
-5
Leverage
Debt/equity 274.71 (> 3.0)
-10
Profitability
ROE 26% (≥ 10%)
+10
Interest coverage
Interest coverage 3.0× (≥ 3×)
+8
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · abbreviated schema
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.4% | 43.5% | |
| Net result | €3k | €45k | |
| Equity | €11k | €344k | |
| Gross operating margin | €136k | €343k | |
| Staff costs | €110k | €264k |
Figures by fiscal year and ratios
| Fiscal year | 2024 |
|---|---|
| Deposit | abbreviated schema |
| Revenue | - |
| EBITDA | €24k |
| Net profit | €3k |
| Cash flow | €14k |
| Staff costs | €110k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €2.99M |
| Equity | €11k |
| Debt | €2.98M |
| of which ≤ 1y | €2.98M |
| of which > 1y | - |
| Working capital | €-10k |
| Employees (FTE) | 1.9 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.00 |
| Quick ratio | 0.42 |
| Working capital ratio | -0.3% |
| Solvency | 0.4% |
| Debt / equity | 274.71 |
| Long-term debt ratio | - |
| Interest coverage | 3.03 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.1% |
| ROE | 26.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.99M |
| Fixed assets | 21/28 | €21k |
| Intangible fixed assets | 21 | €13k |
| Tangible fixed assets | 22/27 | €8k |
| Current assets | 29/58 | €2.97M |
| Stocks & contracts in progress | 3 | €1.71M |
| Amounts receivable within one year | 40/41 | €567k |
| Cash & bank | 54/58 | €668k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.99M |
| Equity | 10/15 | €11k |
| Contributions / capital | 10/11 | €8k |
| Reserves | 13 | €3k |
| Amounts payable | 17/49 | €2.98M |
| Amounts payable within one year | 42/48 | €2.98M |
| Trade debts payable within one year | 44 | €1.60M |
| Income statement | ||
| Gross operating margin | 9900 | €136k |
| Operating result | 9901 | €13k |
| Financial income | 75 | €535 |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €5k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €3k |
| Result to be appropriated | 9905 | €3k |
Legal Structure
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 03-05-2023 |
| Status | Active |
| Postal code | 2275 |
Establishment units
Frax
since 20252.369.290.227
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009C0717/00T006 | Flanders | 6,310 m² | 1 · 3,190 m² | 0.5 m |
| 13014F0263/00C000 | Flanders | 3,707 m² | 1 · 2,277 m² | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2026
24-02
State Gazette act
Registered-office change
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2023
07-12
State Gazette act
Statutes amendment
v3.2
05-05
State Gazette act
Incorporation
oprichting
State Gazette actNBB filing
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
Address history · 1
24-02-2026
Registered-office move
All acts · 3
updated 6 months ago
2026
24-02-2026 Registered office moved from Hoogstraten to Gierle
- Kleistraat 9, 2320 Hoogstraten → Brulens 28C, 2275 Gierle
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Brulens 28C, 2275 Gierle",
"city": "Gierle",
"region": "vlaams_gewest",
"street": "Brulens",
"country": "BE",
"postcode": "2275",
"box_number": "C",
"street_number": "28",
"locality_suffix": null
},
"old_address": {
"raw": "Kleistraat 9, 2320 Hoogstraten",
"city": "Hoogstraten",
"region": "vlaams_gewest",
"street": "Kleistraat",
"country": "BE",
"postcode": "2320",
"box_number": null,
"street_number": "9",
"locality_suffix": null
},
"effective_date": "2026-01-01",
"evidence_quote": "De bestuurder beslist dat de zetel van de vennootschap sinds 1 januari 2026 verplaatst is: van: Kleistraat 9, 2320 Hoogstraten naar: Brulens 28C, 2275 Gierle",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-02-24",
"filing_date": "2026-02-16",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enige_bestuurder",
"date": "2026-02-16",
"unanimous": null
},
"subject_company": {
"kbo": "0801.379.158",
"name_full": null,
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Bob Hemans",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad 24/02/2026 - Annexes du Moniteur belge"
]
}2023
07-12-2023 Articles of association amended
Summary:
v3.2
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": true,
"seat_change": false,
"object_change": false,
"effective_date": "2023-11-30",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0801.379.158",
"name_full": "THE IMPORT HUB",
"legal_form": "BV"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}05-05-2023 Incorporation of a new BV
Summary:
oprichting
Technical details
{
"kind": "oprichting",
"seat": "2320 Hoogstraten, Kleistraat 9",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": null,
"name": "BV A-TEC INVEST"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "B",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "BV A-TEC INVEST",
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 3150,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": null,
"name": "BV THE ENERGY HUB"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "A",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "BV THE ENERGY HUB",
"contribution_type": "cash",
"amount_paid_in_eur": 5500,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 9450,
"amount_subscribed_eur": 5500,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 8000,
"subject_company": {
"kbo": "0801.379.158",
"name_full": "The Import Hub",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2023-05-02",
"post_incorporation_mandates": []
}Credit advice
Company registry (CBE)
Activities
General electrical installation work43211Wholesale of electrical equipment, including installation materials46643Electricity, gas, steam and air conditioning supply35140Other construction installation43240Specialised construction activities43299Engineering and related technical consultancy, excluding land surveyors71121
Names & trade names
| Legal nameNL | FRAX |
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