IMMO FRASNES
ActiveIMMO FRASNES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €44k. Equity is shrinking by ~51.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 17% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency11▼-33
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 1.0 in 2024), and 99.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
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
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
0.2%
Return on assets
0.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9099 sector peers (2025).
NBB · sector comparisonPosition among 9099 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
1 d early
2023
34 d early
2022
30 d early
2021
25 d early
2020
17 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€24k
2024 · €-20k
2018: €196k
2019: €178k
2020: €226k
2021: €99k
2022: €44k
2023: €10k
2024: €-20k
2018 → 2025
Total assets
€9.78M▲ 143%
2024 · €4.02M
2018: €1.59M
2019: €1.42M
2020: €1.72M
2021: €1.33M
2022: €1.38M
2023: €1.87M
2024: €4.02M
2018 → 2025
Net result
€44k
2024 · €-30k
2018: €179k
2019: €-18k
2020: €48k
2021: €-127k
2022: €-55k
2023: €-34k
2024: €-30k
2018 → 2025
Working capital
€24k
2024 · €-20k
2018: €196k
2019: €178k
2020: €226k
2021: €99k
2022: €44k
2023: €10k
2024: €-20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€44k▼ 55.6%€10k▼ 76.5%€-20k€24k
Operating result€-113k-€-35k▲ 69.3%€-5k▲ 85.3%€-27k▼ 433%€15k
Net result€-127k-€-55k▲ 56.9%€-34k▲ 39.0%€-30k▲ 10.9%€44k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15k after a loss of €27k in 2024, the highest year so far.
Balance-sheet composition
Equity and liabilities €9.78M
Equity
€24k
Debt
€9.76M
Debt finances 99.8% of the balance-sheet total.
Key figures and ratios
Solvency
0.2%▲
2024 · -0.5%
Current ratio
1.00▲
2024 · 1.00
Quick ratio
0.15▲
2024 · 0.09
ROE
180.9%▲
2024 · 152.4%
ROA
0.4%▲
2024 · -0.7%
Debt
€9.76M▲
2024 · €4.04M
Debt ≤ 1 year
€9.76M▲
2024 · €4.04M
A ratio outside any meaningful range has been withheld (balance sheet total €9.78M, equity €24k).
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€4.02M€9.78M▲
Current assets29/58€4.02M€9.78M▲
Stocks and contracts in progress3€3.64M€8.33M▲
Stocks30/36€3.64M€8.33M▲
Amounts receivable within one year40/41€377k€752k▲
Trade receivables40€112k€705k▲
Other amounts receivable41€264k€47k▼
Cash at bank and in hand54/58€6k€702k▲
Equity and liabilities
Total equity and liabilities10/49€4.02M€9.78M▲
Equity10/15€-20k€24k▲
Contributions10/11€562k€562k=
Capital10€562k€0▼
Issued capital100€562k€0▼
Outside capital11-€562k
Other1109/19-€562k
Profit (loss) carried forward14€-582k€-538k▲
Amounts payable17/49€4.04M€9.76M▲
Amounts payable within one year42/48€4.04M€9.76M▲
Financial debts43€825k€1.73M▲
Credit institutions430/8€825k€1.73M▲
Trade debts44€655k€92k▼
Suppliers440/4€655k€92k▼
Advances received on contracts in progress46€247k€5.26M▲
Other amounts payable47/48€2.32M€2.68M▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-26k€16k▲
Operating profit (loss)9901€-27k€15k▲
Financial income75/76B€0€32k▲
Recurring financial income75€0€32k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-30k€44k▲
Profit (loss) for the period9904€-30k€44k▲
Profit (loss) for the period to be appropriated9905€-30k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-582k€-538k▲
Profit (loss) brought forward from the previous period14P€-552k€-582k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €44k
Net result €44k after 4 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-127k ▼363%
Net result drops to €-127k, the lowest in the series; recovery starts the following year.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
30-09
Financial
Equity above €200kEq €226k ▲27.3%
Equity rises from €178k to €226k.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
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.
Directors · office · real estate
Directors
8 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, Hasselt · 1 establishment unit since 2001
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.
Thonissenlaan 713500 HasseltGround area
603 m²
Building footprint
182 m²
Volume, LiDAR
2,887 m³
Parcel 71022H1379/00S002, Flanders · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Thonissenlaan 71, 3500 Hasselt
since 20012.100.427.607
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1379/00S002 | Flanders | 603 m² | 1 · 182 m² | 21.1 m · 6 fl. |
Linked by address, not proof of ownership
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.
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Of 9,633 companies in sector 68121 we hold annual accounts for 7,328. 4,243 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-08-2001
Fiscal year end30-09
Activities, NACEBEL
68121Development of residential building projects
70120
68110Buying and selling of own real estate
70322
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.