FS Raamconstruct
ActiveSummary
FS Raamconstruct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,275 and a net result of €44,948. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+12
Solvency42▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.05 in 2024; short-term debt: 25% and cash: 11.6% of total assets), and 82.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.5%
Return on assets
8.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 158 sector peers (2025).
NBB · sector comparisonPosition among 158 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
29 d late
2022
30 d late
2021
47 d early
2020
53 d early
2019
51 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 9 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by total assets in Tremelo, Manufacturing sector
Equity
€88,275▲ 104%
2024 · €43,327
Total assets
€504,581▲ 0.4%
2024 · €502,576
Net result
€44,948▲ 6.9%
2024 · €42,054
Working capital
€35,368▲ 410%
2024 · €6,930
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,411▲ 42.9%-€28,285€10,407€61,468▲ 491%€74,190▲ 20.7%
Net result€4,406within the sector's middle half▼ 33.2%-€42,687below the sector's middle half-€769within the sector's middle half▲ 98.2%€42,054above the sector's middle half€44,948within the sector's middle half▲ 6.9%
Equity€45,301within the sector's middle half▲ 10.8%€2,614below the sector's middle half▼ 94.2%€1,845below the sector's middle half▼ 29.4%€43,327within the sector's middle half▲ 2,248%€88,275below the sector's middle half▲ 104%
Total assets€663,105above the sector's middle half▲ 239%€615,996above the sector's middle half▼ 7.1%€563,445above the sector's middle half▼ 8.5%€502,576above the sector's middle half▼ 10.8%€504,581below the sector's middle half▲ 0.4%
Debt€617,804▲ 299%€613,382▼ 0.7%€561,600▼ 8.4%€459,249▼ 18.2%€416,305▼ 9.4%
Working capital-€403,041below the sector's middle half-€72,986below the sector's middle half▲ 81.9%-€59,848below the sector's middle half▲ 18.0%€6,930within the sector's middle half€35,368within the sector's middle half▲ 410%
Solvency6.8%below the sector's middle half▼ 14.1pp0.4%below the sector's middle half▼ 6.4pp0.3%below the sector's middle half▼ 0.1pp8.6%within the sector's middle half▲ 8.3pp17.5%below the sector's middle half▲ 8.9pp
Current ratio0.33below the sector's middle half▼ 1.110.72below the sector's middle half▲ 0.380.74below the sector's middle half▲ 0.021.05within the sector's middle half▲ 0.321.28within the sector's middle half▲ 0.23
Return on assets (ROA)0.7%within the sector's middle half▼ 2.7pp-6.9%below the sector's middle half▼ 7.6pp-0.1%within the sector's middle half▲ 6.8pp8.4%within the sector's middle half▲ 8.5pp8.9%within the sector's middle half▲ 0.5pp
Staff (FTE)1.11▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504,581
Fixed assets
€342,927 ▼ 7.0%
Current assets
€161,654 ▲ 20.9%
Equity and liabilities €504,581
Equity
€88,275 ▲ 104%
Debt
€416,305 ▼ 9.4%
Debt's share of the balance-sheet total falls from 91.4% to 82.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102,224▲
2024 · €91,058
Cash flow
€72,982▲
2024 · €71,644
Quick ratio
1.03▲
2024 · 0.66
Debt to equity
4.72▼
2024 · 10.60
ROE
50.9%▼
2024 · 97.1%
Interest coverage
8.11▲
2024 · 4.69
Debt ≤ 1 year
€126,285▼
2024 · €126,748
Debt > 1 year
€290,020▼
2024 · €312,539
Income taxes
€16,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,679 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,184 | €10,077 | €10,933 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,194 | €33,933 | €29,711 | €29,590 | €28,034 | ▼ 5.3% |
| Other operating charges640/8 | €3,735 | €1,281 | €983 | €3,351 | €1,734 | ▼ 48.3% |
| Non-recurring operating charges66A | - | €2,033 | €1,605 | - | - | - |
| Gross operating margin9900 | €56,524 | €19,039 | €53,638 | €94,409 | €103,957 | ▲ 10.1% |
| Operating profit (loss)9901 | €16,411 | -€28,285 | €10,407 | €61,468 | €74,190 | ▲ 20.7% |
| Financial income75/76B | €160 | €1 | €64 | - | €1 | - |
| Recurring financial income75 | €160 | €1 | €64 | - | €1 | - |
| Financial charges65/66B | €9,147 | €14,402 | €11,239 | €19,414 | €12,598 | ▼ 35.1% |
| Recurring financial charges65 | €9,147 | €14,402 | €11,239 | €19,414 | €12,598 | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €7,423 | -€42,687 | -€769 | €42,054 | €61,593 | ▲ 46.5% |
| Income taxes67/77 | €3,017 | - | - | - | €16,645 | - |
| Profit (loss) for the period9904 | €4,406 | -€42,687 | -€769 | €42,054 | €44,948 | ▲ 6.9% |
| Profit (loss) for the period to be appropriated9905 | €4,406 | -€42,687 | -€769 | €42,054 | €44,948 | ▲ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €663,105 | €615,996 | €563,445 | €502,576 | €504,581 | ▲ 0.4% |
| Fixed assets21/28 | €462,846 | €431,652 | €396,239 | €368,898 | €342,927 | ▼ 7.0% |
| Intangible fixed assets21 | €17,500 | €12,500 | €7,500 | €2,500 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €445,346 | €419,152 | €388,739 | €366,398 | €342,927 | ▼ 6.4% |
| Land and buildings22 | €419,620 | €399,817 | €381,302 | €361,368 | €338,772 | ▼ 6.3% |
| Plant, machinery and equipment23 | €21,311 | €15,886 | €4,953 | €3,512 | €2,071 | ▼ 41.0% |
| Furniture and vehicles24 | €4,415 | €3,449 | €2,484 | €1,518 | €2,084 | ▲ 37.3% |
| Current assets29/58 | €200,259 | €184,344 | €167,207 | €133,678 | €161,654 | ▲ 20.9% |
| Stocks and contracts in progress3 | €64,855 | €77,903 | €57,251 | €50,345 | €32,086 | ▼ 36.3% |
| Stocks30/36 | - | €52,500 | €57,251 | €50,345 | €3,426 | ▼ 93.2% |
| Contracts in progress37 | €64,855 | €25,403 | - | - | €28,660 | - |
| Amounts receivable within one year40/41 | €35,967 | €53,814 | €85,226 | €20,683 | €68,832 | ▲ 233% |
| Trade receivables40 | €16,720 | €53,814 | €85,226 | €20,683 | €68,832 | ▲ 233% |
| Other amounts receivable41 | €19,247 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €99,436 | €52,626 | €24,730 | €62,650 | €58,436 | ▼ 6.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,300 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €663,105 | €615,996 | €563,445 | €502,576 | €504,581 | ▲ 0.4% |
| Equity10/15 | €45,301 | €2,614 | €1,845 | €43,327 | €88,275 | ▲ 104% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €26,701 | €25,960 | €25,960 | €25,960 | €69,675 | ▲ 168% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €24,841 | €24,100 | €24,100 | €24,100 | €67,815 | ▲ 181% |
| Profit (loss) carried forward14 | - | -€41,946 | -€42,715 | -€1,233 | - | - |
| Amounts payable17/49 | €617,804 | €613,382 | €561,600 | €459,249 | €416,305 | ▼ 9.4% |
| Amounts payable after more than one year17 | - | €356,052 | €334,546 | €312,539 | €290,020 | ▼ 7.2% |
| Financial debts170/4 | - | €356,052 | €334,546 | €312,539 | €290,020 | ▼ 7.2% |
| Amounts payable within one year42/48 | €603,300 | €257,329 | €227,054 | €126,748 | €126,285 | ▼ 0.4% |
| Financial debts43 | €175,000 | €175,000 | €175,000 | €110,500 | €110,500 | = |
| Credit institutions430/8 | €175,000 | €175,000 | €175,000 | €110,500 | €110,500 | = |
| Trade debts44 | €418,136 | €45,700 | €45,400 | €11,824 | €1,507 | ▼ 87.3% |
| Suppliers440/4 | €418,136 | €45,700 | €45,400 | €11,824 | €1,507 | ▼ 87.3% |
| Taxes, remuneration and social security45 | €10,164 | €36,629 | €6,654 | €4,423 | €14,278 | ▲ 223% |
| Taxes450/3 | €5,948 | €36,629 | €6,654 | €4,423 | €14,278 | ▲ 223% |
| Remuneration and social security454/9 | €4,216 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €14,504 | - | - | €19,962 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,406 | -€42,687 | -€769 | €42,054 | €44,948 | ▲ 6.9% |
| + Depreciation and write-downs630 | €25,194 | €33,933 | €29,711 | €29,590 | €28,034 | ▼ 5.3% |
| Operating cash flow (approximation) | €29,600 | -€8,753 | €28,942 | €71,644 | €72,982 | ▲ 1.9% |
| Investment in fixed assets (approximation) | - | -€2,739 | €5,702 | -€2,250 | -€2,062 | ▲ 8.4% |
| Change in cash | - | -€46,810 | -€27,896 | €37,920 | -€4,214 | ▼ 111% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €44,948 ▲6.9%
Operating result €74,190, net result €44,948, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €42,054
Net result €42,054 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€42,687
Net result drops to -€42,687, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Tremelo · 1 establishment unit since 2017
Ground area
2,477 m²
Building footprint
206 m²
Volume, LiDAR
855 m³
Parcel 24006D0386/00C000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EURO-FS-CONSTRUCT
since 20172.266.165.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24006D0386/00C000 | Flanders | 2,477 m² | 1 · 206 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
BE-TEC
BE 0795.541.837
Brasschaat · Eq €88,102
DE DIAMANTPERS
BE 0451.373.662
Herentals · Eq €88,478
SABITEC-ALUMINIUM
BE 0659.908.222
Brussel · Eq €89,745
JB - SIGNS
BE 0453.955.347
Zulte · Eq €86,817
ALPHACOPY
BE 0430.744.336
Leuven · Eq €89,954
Of 629 companies in sector 22240 we hold annual accounts for 363. 258 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0677888755
Also
9925:BE0677888755
Registered
17-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.