Active BE 0471.947.362Private limited company (pre-2019)

FRUMASSO

Tiensesteenweg 286 ·3800 Sint-Truiden, Belgium· 26 yrs active

Sector: Mixed farming (01500)

Conclusion Checked

FRUMASSO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €66k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 3015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€70k
Net result	€66k
Staff (FTE)	2.5
Better than sector	54%

Financial profile 5 of 5 axes measured · computed by Checked

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 89

Profitability 100

Solvency 67

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2000, 26 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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 FY 2025 · computed

89 / 100 Excellent

050100

Computed from 5 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

€6k

estimate, not credit advice

Score history

10 2021

89 2022

7 2023

7 2024

89 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.36 (≥ 1.0) +5

Quick ratio Quick ratio 1.36 (≥ 1.0) +5

Leverage Debt/equity 1.67 (< 2.0) +3

Profitability ROE 94% (≥ 10%) +10

Interest coverage Interest coverage 82.7× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview25 NBB filings

Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 01, Crop and animal production, hunting and related service activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	37.5%	33.3%	better than 54% of 3015 sector peers
Net result	€66k	€7k	better than 87% of 3013 sector peers
Equity	€70k	€88k	better than 45% of 3017 sector peers
Gross operating margin	€143k	€48k	better than 78% of 3014 sector peers
Staff costs	€15k	€31k	higher than 40% of 977 sector peers

EBITDA

€126k

- 21-25

Net profit

€66k

- 21-25

Cash flow

€104k

+5705.1% 21-25

Total assets

€187k

+191.4% 21-25

Equity

€70k

+1664.5% 21-25

Working capital

€27k

- 21-25

Employees (FTE)

3

+150.0% 21-25

Staff costs

€15k

+150.2% 21-25

Income taxes

€21k

- 21-25

Debt

€117k

+94.2% 21-25

Debt ≤ 1y

€74k

+22.6% 21-25

Debt > 1y

€43k

+2003.7% 21-25

Current ratio

1.36

+116.3% 21-25

Quick ratio

1.36

+116.3% 21-25

Solvency

37.5%

+505.6% 21-25

Debt / equity

1.67

-89.0% 21-25

ROE

94.3%

- 21-25

ROA

35.4%

- 21-25

Interest coverage

82.66

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€126k	€-3k	€-4k	€30k	€-17k
Net profit	€66k	€-7k	€-6k	€18k	€-38k
Cash flow	€104k	€2k	€9k	€32k	€-15k
Staff costs	€15k	€6k	€21k	€18k	€12k
Income taxes	€21k	€-2k	€286	€281	€1k
Dividends	-	-	-	-	-
Total assets	€187k	€64k	€72k	€102k	€120k
Equity	€70k	€4k	€11k	€45k	€27k
Debt	€117k	€60k	€61k	€58k	€93k
of which ≤ 1y	€74k	€60k	€57k	€41k	€62k
of which > 1y	€43k	-	€2k	€16k	€30k
Working capital	€27k	€-22k	€-20k	€14k	€-4k
Employees (FTE)	2.5	1.0	2.6	3.1	19.0

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.36	0.63	0.64	1.35	0.94
Quick ratio	1.36	0.63	0.64	1.35	0.94
Working capital ratio	14.4%	-34.6%	-28.2%	13.9%	-3.0%
Solvency	37.5%	6.2%	15.7%	43.8%	22.4%
Debt / equity	1.67	15.16	5.37	1.28	3.45
Long-term debt ratio	0.61	-	0.18	0.36	1.13
Interest coverage	82.66	-2.52	-3.70	23.97	-12.64
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	35.4%	-11.5%	-7.6%	17.5%	-31.2%
ROE	94.3%	-185.7%	-48.5%	40.0%	-139.2%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €87k · 46.2% Current assets €101k · 53.8%

Equity & liabilities

Equity €70k · 37.5% Debt €117k · 62.5%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€187k	€64k	€72k	€102k	€120k
Fixed assets	21/28	€87k	€26k	€35k	€47k	€62k
Tangible fixed assets	22/27	€86k	€26k	€35k	€47k	€61k
Financial fixed assets	28	€500	€500	€500	€500	€500
Current assets	29/58	€101k	€38k	€37k	€55k	€58k
Amounts receivable within one year	40/41	€5k	€5k	€5k	€16k	€645
Cash & bank	54/58	€92k	€31k	€32k	€39k	€57k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€187k	€64k	€72k	€102k	€120k
Equity	10/15	€70k	€4k	€11k	€45k	€27k
Contributions / capital	10/11	€20k	€20k	€20k	€48k	€48k
Reserves	13	€2k	€2k	€2k	€2k	€2k
Accumulated profits (losses)	14	€48k	€-18k	€-11k	€-5k	€-23k
Amounts payable	17/49	€117k	€60k	€61k	€58k	€93k
Amounts payable after one year	17	€43k	-	€2k	€16k	€30k
Amounts payable within one year	42/48	€74k	€60k	€57k	€41k	€62k
Trade debts payable within one year	44	€869	€1k	€568	€225	€586
Income statement
Gross operating margin	9900	€143k	€6k	€17k	€48k	€-4k
Operating result	9901	€88k	€-12k	€-19k	€15k	€-40k
Financial income	75	€49	€88	€15k	€9	€0
Financial charges	65	€2k	€1k	€1k	€1k	€1k
Result before taxes	9903	€87k	€-9k	€-5k	€18k	€-36k
Income taxes	67/77	€21k	€-2k	€286	€281	€1k
Net result for the period	9904	€66k	€-7k	€-6k	€18k	€-38k
Result to be appropriated	9905	€66k	€-7k	€-6k	€18k	€-38k

Directors & mandates 1 directors

Current directors & mandates

Massonet Jan
Director
State Gazette act 26021427 (11-02-2026)

Current
15-09-2025 → present

Legal Structure

NACE primary	Mixed farming(01500)
Legal form	Private limited company (pre-2019)(015)
Incorporation	17-05-2000
Status	Active
Postal code	3800

Establishment units 1 location

Tiensesteenweg 286, 3800 Sint-Truiden

NACE 0112201

since 20002.097.430.208

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71353F0003/00W002	Flanders	903 m²	1 · 197 m²	9.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

11-02

State Gazette act Director changes

v3.2

2025

31-12

Financial Back to profitnet €66k

Net result €66k after 2 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 1.36

Current ratio from 0.63 to 1.36.

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

31-12

Financial Back to profitnet €18k

Net result €18k after one loss-making year.

27-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 27 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

30-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

30-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 29 days late

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 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 1 acts

All acts · 1 updated 6 months ago

2026

11-02-2026 Massonet Jan appointed as director Director changes

Massonet Jan, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Massonet Jan",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-09-15",
      "evidence_quote": "Dhr. Massonet Jan vanaf heden wordt benoemd tot bestuurder. Dhr. Massonet Jan aanvaardt deze functie."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0471.947.362",
    "name_full": "FRUMASSO",
    "legal_form": "BVBA"
  }
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Growing of vegetables, melons, roots and tubers01130Growing of pome and stone fruits01240Mixed farming01500Crop and animal production, hunting and related service activities01462

Names & trade names

Legal nameNL

FRUMASSO

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