Summary
Fraxinus is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €353,890 and a net result of €21,743. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 5565 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
59 d early
2023
51 d early
2022
61 d early
2021
60 d early
2020
59 d early
2019
59 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 58 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
€353,890▼ 3.9%
2024 · €368,146
Net result
€21,743▼ 54.0%
2024 · €47,242
Total assets
€474,767▲ 24.2%
2024 · €382,311
Solvency
74.5%▼ 21.8pp
2024 · 96.3%
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€56,983▲ 16.2%€56,651▼ 0.6%€59,231▲ 4.6%€59,235=€29,311▼ 50.5%
Net result€39,094▲ 7.1%€38,487▼ 1.6%€43,122▲ 12.0%€47,242▲ 9.6%€21,743▼ 54.0%
Equity€307,296▲ 12.5%€345,783▲ 12.5%€355,905▲ 2.9%€368,146▲ 3.4%€353,890▼ 3.9%
Total assets€322,587▲ 3.5%€359,157▲ 11.3%€386,345▲ 7.6%€382,311▼ 1.0%€474,767▲ 24.2%
Debt€15,291▼ 60.2%€13,374▼ 12.5%€30,440▲ 128%€14,164▼ 53.5%€120,878▲ 753%
Working capital€141,081▲ 31.9%€179,568▲ 27.3%€189,689▲ 5.6%€201,931▲ 6.5%€27,675▼ 86.3%
Solvency95.3%▲ 7.6pp96.3%▲ 1.0pp92.1%▼ 4.2pp96.3%▲ 4.2pp74.5%▼ 21.8pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474,767
Fixed assets
€406,215 ▲ 144%
Current assets
€68,552 ▼ 68.3%
Equity and liabilities €474,767
Equity
€353,890 ▼ 3.9%
Debt
€120,878 ▲ 753%
Debt's share of the balance-sheet total rises from 3.7% to 25.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
6.1%▼
2024 · 12.8%
ROA
4.6%▼
2024 · 12.4%
Debt ≤ 1 year
€40,878▲
2024 · €14,164
Debt > 1 year
€80,000
Income taxes
€7,248▼
2024 · €17,214
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €10,632 | €10,714 | €11,740 | €12,205 | €12,187 | ▼ 0.1% |
| Gross operating margin9900 | €67,614 | €67,365 | €70,971 | €71,440 | €41,497 | ▼ 41.9% |
| Operating profit (loss)9901 | €56,983 | €56,651 | €59,231 | €59,235 | €29,311 | ▼ 50.5% |
| Financial income75/76B | - | - | - | €5,251 | €752 | ▼ 85.7% |
| Recurring financial income75 | - | - | - | €5,251 | €752 | ▼ 85.7% |
| Financial charges65/66B | €30 | €30 | €30 | €30 | €1,072 | ▲ 3,421% |
| Recurring financial charges65 | €30 | €30 | €30 | €30 | €1,072 | ▲ 3,421% |
| Profit (loss) for the period before taxes9903 | €56,953 | €56,621 | €59,201 | €64,456 | €28,991 | ▼ 55.0% |
| Income taxes67/77 | €17,859 | €18,135 | €16,079 | €17,214 | €7,248 | ▼ 57.9% |
| Profit (loss) for the period9904 | €39,094 | €38,487 | €43,122 | €47,242 | €21,743 | ▼ 54.0% |
| Profit (loss) for the period to be appropriated9905 | €39,094 | €38,487 | €43,122 | €47,242 | €21,743 | ▼ 54.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,587 | €359,157 | €386,345 | €382,311 | €474,767 | ▲ 24.2% |
| Fixed assets21/28 | €166,215 | €166,215 | €166,215 | €166,215 | €406,215 | ▲ 144% |
| Tangible fixed assets22/27 | €166,215 | €166,215 | €166,215 | €166,215 | €406,215 | ▲ 144% |
| Land and buildings22 | €166,215 | €166,215 | €166,215 | €166,215 | €406,215 | ▲ 144% |
| Current assets29/58 | €156,372 | €192,942 | €220,130 | €216,096 | €68,552 | ▼ 68.3% |
| Amounts receivable within one year40/41 | - | - | - | €91,652 | €2,978 | ▼ 96.8% |
| Other amounts receivable41 | - | - | - | €91,652 | €2,978 | ▼ 96.8% |
| Current investments50/53 | - | - | €100,000 | €50,202 | €50,728 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €156,372 | €192,942 | €120,130 | €74,241 | €14,846 | ▼ 80.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,587 | €359,157 | €386,345 | €382,311 | €474,767 | ▲ 24.2% |
| Equity10/15 | €307,296 | €345,783 | €355,905 | €368,146 | €353,890 | ▼ 3.9% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Issued capital100 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €183,296 | €221,783 | €231,905 | €244,146 | €229,890 | ▼ 5.8% |
| Non-distributable reserves130/1 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Legal reserve130 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Distributable reserves133 | €170,896 | €209,383 | €219,505 | €231,746 | €217,490 | ▼ 6.2% |
| Amounts payable17/49 | €15,291 | €13,374 | €30,440 | €14,164 | €120,878 | ▲ 753% |
| Amounts payable after more than one year17 | - | - | - | - | €80,000 | - |
| Financial debts170/4 | - | - | - | - | €80,000 | - |
| Amounts payable within one year42/48 | €15,291 | €13,374 | €30,440 | €14,164 | €40,878 | ▲ 189% |
| Financial debts43 | - | - | - | - | €30,000 | - |
| Other loans439 | - | - | - | - | €30,000 | - |
| Trade debts44 | €30 | €381 | €1,361 | €30 | €30 | = |
| Suppliers440/4 | €30 | €381 | €1,361 | €30 | €30 | = |
| Taxes, remuneration and social security45 | €10,261 | €12,993 | €8,079 | €3,134 | - | - |
| Taxes450/3 | €10,261 | €12,993 | €8,079 | €3,134 | - | - |
| Other amounts payable47/48 | €5,000 | - | €21,000 | €11,000 | €10,848 | ▼ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,094 | €38,487 | €43,122 | €47,242 | €21,743 | ▼ 54.0% |
| Operating cash flow (approximation) | €39,094 | €38,487 | €43,122 | €47,242 | €21,743 | ▼ 54.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€240,000 | - |
| Change in cash | - | €36,570 | -€72,812 | -€45,889 | -€59,395 | ▼ 29.4% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €21,743 ▼54%
Net result drops to €21,743, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €47,242 ▲9.6%
Operating result €59,235, net result €47,242, both a record.
31-12
Financial
Liquidity doublescurrent ratio 15.26
Current ratio from 7.23 to 15.26; short-term debt falls from €30,440 to €14,164.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 10.23
Current ratio from 3.78 to 10.23; short-term debt falls from €38,432 to €15,291.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1990
Ground area
2.0 ha
Building footprint
1.2 ha
Volume, LiDAR
115,382 m³
2 parcels, Flanders · tallest building 20.5 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Brandekensweg, 2627 Schelle
since 19902.049.975.927
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038C0286/00E000 | Flanders | 1.9 ha | 1 · 1.2 ha | 13.0 m · 3 fl. |
| 11312A0923/00Y000 | Flanders | 587 m² | 1 · 508 m² | 20.5 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,769 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
Founded12-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456528421
Registered
16-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.