FRISANE
ActiveFRISANE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183k and a net result of €-1k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-60
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.18 against 3.69 in 2024; short-term debt: 13.2% and cash: 2.2% of total assets), and 13.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
29 d late
2023
31 d late
2022
22 d late
2021
2 d early
2020
32 d early
2019
27 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€183k▼ 0.6%
2024 · €184k
2018: €97k
2019: €100k
2020: €117k
2021: €127k
2022: €135k
2023: €154k
2024: €184k
2018 → 2025
Total assets
€211k▼ 3.1%
2024 · €218k
2018: €138k
2019: €151k
2020: €167k
2021: €176k
2022: €186k
2023: €199k
2024: €218k
2018 → 2025
Net result
€-1k
2024 · €30k
2018: €16k
2019: €3k
2020: €17k
2021: €10k
2022: €7k
2023: €20k
2024: €30k
2018 → 2025
Working capital
€88k▼ 1.5%
2024 · €90k
2018: €-3k
2019: €8k
2020: €22k
2021: €32k
2022: €38k
2023: €59k
2024: €90k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€127k-€135k▲ 5.6%€154k▲ 14.6%€184k▲ 19.4%€183k▼ 0.6%
Operating result€10k-€7k▼ 28.0%€26k▲ 250%€28k▲ 5.9%€-1k
Net result€10k-€7k▼ 29.0%€20k▲ 177%€30k▲ 52.4%€-1k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1k after €28k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211k
Fixed assets
€95k▲ 0.2%
Current assets
€116k▼ 5.7%
Equity and liabilities €211k
Equity
€183k▼ 0.6%
Debt
€28k▼ 16.8%
The debt ratio falls from 15.4% to 13.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€141▼
2024 · €29k
Cash flow
€88▼
2024 · €31k
Solvency
86.8%▲
2024 · 84.6%
Current ratio
4.18▲
2024 · 3.69
Quick ratio
4.18▲
2024 · 3.69
Debt / equity
0.15▼
2024 · 0.18
ROE
-0.6%▼
2024 · 16.3%
ROA
-0.5%▼
2024 · 13.8%
Interest coverage
0.90▼
2024 · 145.21
Debt
€28k▼
2024 · €33k
Debt ≤ 1 year
€28k▼
2024 · €33k
Income taxes
€0▲
2024 · €-2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€218k€211k▼
Fixed assets21/28€94k€95k▲
Tangible fixed assets22/27€94k€95k▲
Land and buildings22€94k€93k▼
Furniture and vehicles24€661€1k▲
Financial fixed assets28€25€25=
Current assets29/58€123k€116k▼
Amounts receivable within one year40/41€57k€99k▲
Trade receivables40€46k€19k▼
Other amounts receivable41€10k€80k▲
Current investments50/53€50k€0▼
Cash at bank and in hand54/58€16k€5k▼
Deferred charges and accrued income490/1€893€13k▲
Equity and liabilities
Total equity and liabilities10/49€218k€211k▼
Equity10/15€184k€183k▼
Contributions10/11€116k€116k=
Capital10€116k€116k=
Issued capital100€116k€116k=
Reserves13€31k€31k=
Non-distributable reserves130/1€557€557=
Legal reserve130€557€557=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€37k€36k▼
Amounts payable17/49€33k€28k▼
Amounts payable within one year42/48€33k€28k▼
Trade debts44€652€2k▲
Suppliers440/4€652€2k▲
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€10k€7k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€22k€19k▼
Accrued charges and deferred income492/3€13€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€531€465▼
Gross operating margin9900€29k€606▼
Operating profit (loss)9901€28k€-1k▼
Financial income75/76B€285€103▼
Recurring financial income75€285€103▼
Financial charges65/66B€198€156▼
Recurring financial charges65€198€156▼
Profit (loss) for the period before taxes9903€28k€-1k▼
Income taxes67/77€-2k€0▲
Profit (loss) for the period9904€30k€-1k▼
Profit (loss) for the period to be appropriated9905€30k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€36k▼
Profit (loss) brought forward from the previous period14P€37k€37k=
Transfer to equity691/2€30k€0▼
To other reserves6921€30k€0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-1k ▼104%
Net result drops to €-1k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €30k ▲52.4%
Operating result €28k, net result €30k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €150kEq €154k ▲14.6%
6 profitable years in a row build equity to €154k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-12
Financial
Equity above €100kEq €100k ▲3.5%
2 profitable years in a row build equity to €100k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-06-2021
Pierre-Paul Eloi: Resigned as Director
27-12-2011
Michel HERMANS: Resigned as Director
Location & real-estate footprint
Registered office, Ittre · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Procession 11460 IttreGround area
3,113 m²
Building footprint
246 m²
Volume, LiDAR
2,874 m³
2 parcels, Brussels, Wallonia · tallest building 27.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
FRISANE
since 19902.050.795.378
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25044C0027/00S000 | Wallonia | 2,846 m² | 1 · 143 m² | 10.1 m · 2 fl. |
| 21812N0929/00W000 | Brussels | 267 m² | 1 · 103 m² | 27.2 m · 6 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
BD1M
BE 0748.504.458
Destelbergen · Eq €183k
DCC INVEST
BE 0848.908.762
Zottegem · Eq €182k
PHARMATOPIA
BE 1002.022.767
Beringen · Eq €182k
STILICLE
BE 0746.523.381
Veurne · Eq €184k
VisBende
BE 0899.762.496
Mechelen · Eq €182k
Of 5,700 companies in sector 70100 we hold annual accounts for 3,494. 2,372 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-11-1990
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.