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FRog Projects

Active Private limited companyfounded 2008active for 18 yearsVierhuizen 33, 9255 BuggenhoutKBO/BCE: BE 0899.687.965

Overview

Lifetime

2 annual accounts with figures on one time axis
peak €13,931 (2025)
€13,931▲ 249%
lowest -€2,738 (2024)
€5,326▲ €8,065
peak €9,742 (2025)
€9,742▲ 121%
€19,022▼ 23.1%
Board1 name since 2024
1 directorRogiers Franky
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €3,995 to €13,931Back to profit: €5,326Equity from €4,415 to €9,742Debts from €24,741 to €19,022

Key points

from the 2025 annual accounts

Turnover

≈ €64,000 estimated

The micro format states no turnover.

Liquidity

2.58 was 3.71 in 2024

Short-term debts rose from €4,248 to €8,528.

Position in the sector

€9,742

Less equity than 83% of companies in head offices and management consultancy. Sector median €78,216 · 39,400 companies.

2025 accounts filed 28 days after the deadline

Checked score

94
Excellent
Financially stronger than 52% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.2%▼ -0.1 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

59+19equity 33.9% of total assets
43-11short-term debt 29.6% · cash 4.5%
92+35return on assets 18.5%

Score breakdown

lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €28,763
Figures for financial year 2025 (filed on 28-08-2026)
Founded in 2008
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 70, micro). It does better than 33% of them on solvency, 23% on liquidity, 61% on profitability and 91% 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as FRog Projects has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of FRog Projects itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 34,693 companies, not a prediction for FRog Projects. 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 €500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.58 (3.71 in 2024), above the usual 1.5. Short-term debt is 29.6% and cash 4.5% of total assets. However, 66.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €28,763
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 28-08-2026)
NBB · annual accounts
lowers risk · Founded in 2008
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
28 days late
2024
22 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 25 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

RF
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0899687965
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments “Het verlenen van consultancy diensten, en dit op het vlak van financieel management, algemeen bedrijfsbeheer…” (deed in Dutch) · Legal-form conversion: from limited partnership to private limited company · General meeting of 17-06-2024 · Gazette deed
Amendment of the articles · Legal-form change Gazette deed
Incorporation published on 19-08-2008 · Gazette deed
All 8 events

Comparable companies

same main activity, similar in size and age
Company
FRog Projects Buggenhout €28,763 €13,931 33.9% -
ALLAERT Griet Aalter €26,362 €13,339 -41.7% -
RASIC CONSEIL FORMATION Florennes €29,119 €13,409 -433.5% -
PRIMO CONSULT Uccle €30,850 €14,506 -31.9% -
MATVIC Keerbergen €29,321 €15,476 79.8% -
HEALTH SERVICES CONSULTING MENTAL FORCE Peer €26,480 €12,122 -1046.0% -
KARVANSERA Mechelen €27,154 €16,276 -8.3% -

These companies have the same main activity as FRog Projects: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €26,400 and €30,800, founded between 2007 and 2009.

Official details

Source: KBO
Status
Active since 07-08-2008Normal situation
Activity
Business and other management consultancyNACE 70200and 1 other
Establishment unit
2.173.648.1559255 Buggenhout, since 03-07-2008
Financial year end
31 December
Peppol
Reachable since 12-10-2025
Company details

Annual accounts 2025

€13,931▲ 249%
€5,326
€9,742▲ 121%
€28,763▼ 1.3%
Filing
Filed on 28-08-2026
Financials

Insights on FRog Projects

FRog Projects has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,742 and a net result of €5,326.

Its solvency ranks better than 33% of 39,368 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 28-08-2026, 28 days late
€13,931
▲ 249%
€5,912
▲ €8,473
€5,326
▲ €8,065
€13,513
▲ 17.6%
33.9%
▲ 18.7 percentage points
2.58
▼ 1.12

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €64,000. Estimated: probably between €30,000 and €130,000.

Balance sheet

balance sheet total €28,763 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

33.9%

Higher than 33% of 39,368 companies in 2025.

2.58

Higher than 58% of 38,051 companies in 2025.

18.5%

Higher than 57% of 38,523 companies in 2025.

FRog Projects Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 28,76329,157
21/28 6,72313,414
22/27 6,72312,796
23 4,84911,293
24 1,8741,503
28 -618
29/58 22,04115,743
3 -3,525
30/36 -3,525
40/41 19,65210,226
40 17,718418
41 1,9349,808
54/58 1,2831,664
490/1 1,106328
Balance sheet: equity and liabilities
10/49 28,76329,157
10/15 9,7424,415
10/11 2,5002,500
14 7,2421,915
17/49 19,02224,741
17 10,49420,494
170/4 10,49420,494
42/48 8,5284,248
44 6,4273,441
440/4 6,4273,441
45 2,101806
450/3 2,101806
Income statement
9900 13,9313,995
630 1,9664,659
631/4 -1,204
640/8 511692
66A 5,543-
9901 5,912-2,561
75/76B -1
75 -1
65/66B 185178
65 185178
9903 5,726-2,738
67/77 400-
9904 5,326-2,738
9905 5,326-2,738
Appropriation of the result
9906 7,2421,915
14P 1,9154,654
Document PDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440989.

Financial year Type Filed Reference Document
31-12-2025 micro format 28-08-2026 2026-00440989 PDF
31-12-2024 micro format 22-08-2025 2025-00392063 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
7,8772,098
7,2921,921
-4,725-
-381-
13,51311,495
33.9%15.1%
2.583.71
2.582.88
1.955.60
54.7%-62.0%
18.5%-9.4%
42.4811.78

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on FRog Projects

The operating result for 2025 is a profit of €5,912, after a loss of €2,561 in 2024.

Debt's share of the balance-sheet total falls from 84.9% to 66.1%. Equity is higher and debt is lower.

Board & ownership

Board

1 director
Rogiers Franky
Director
listed in the 2025 annual accounts, filed on 28-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-06-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Rogiers Franky
Director
Boardmandate already running before its first mention
Mandates as a list
  • Rogiers Franky
    • Director, since before 31-12-2024

See the board, name and registered office on a given date →

Control

Capital

Contribution
€2,500
Source
deed of 28-06-2024

Articles of association

deed of 28-06-2024 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 18:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Onverminderd recht van algemene vergadering om één of meerdere vereffenaars aan te duiden,hun bevoegdheden te omlijnen en hun vergoeding te…”

Network & group

No group

FRog Projects has no parent and no holdings in its annual accounts. Rogiers Franky is the only director. FRog Projects shares no director with another company.

At the same address

Vierhuizen 33, 9255 Buggenhout · 1 other company
Rogiers, Franky (sole trader)
establishment since 25-05-2007
founded in 2007
0889.604.915

Timeline

Timeline

8 events since 2008

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Back to profit net €5,326 The net result is €5,326, after one loss-making year.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0899687965
Annual accounts 2024 filed PDFmicro format · 22 days late
2024
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments“Het verlenen van consultancy diensten, en dit op het vlak van financieel management, algemeen bedrijfsbeheer…” (deed in Dutch) · Legal-form conversion: from limited partnership to private limited company · General meeting of 17-06-20244 points ▸
  • General meeting, 17-06-2024
  • Legal-form conversion, from limited partnership to private limited company
  • Purpose change, “Het verlenen van consultancy diensten, en dit op het vlak van financieel management, algemeen bedrijfsbeheer, administratief management en commercieel…” (deed in Dutch)
  • Registered office clause, Flemish Region
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2021
Amendment of the articles · Legal-form change PDF
2008
Incorporation PDFpublished on 19-08-2008
First establishment FRog Projects - Teleportel Belgium - Publi-F, Vierhuizen 33, Buggenhout

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FRog Projects was incorporated on 7 August 2008.1 Rogiers Franky is director of the company according to the 2025 annual accounts.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Company details

Identity

Enterprise number
0899.687.965
VAT number
BE 0899.687.965
Peppol ID
0208:0899687965
Other Peppol ID
9925:BE0899687965
Legal form
Private limited company
Status
Active, normal situation
Founded
07-08-2008
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 18:00
deed of 28-06-2024 (in Dutch)
Peppol
Reachable since 12-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
FRog Projects in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70220 Business consulting main activity
70100 Activities of head offices

Registered office and establishments

1 establishment
Establishment Since Unit number
FRog Projects - Teleportel Belgium - Publi-F registered office Vierhuizen 33, 9255 Buggenhout 03-07-2008 2.173.648.155

Buildings and parcels at the address

Ground area
520 m²
Buildings
217 m²
Volume, LiDAR
1,095 m³
Tallest building
10.8 m
Buildings to scale, each on its own parcel
217 m², 10.8 m 217 m², 10.8 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
42004A0237/00Y002520 m² 1 · 217 m² 10.8 m · 2

Contact

E-mail frogprojects@gmail.com establishment in Buggenhout
Phone +32 497 39 93 99 establishment in Buggenhout