JUST FRANSSEN
ActiveJUST FRANSSEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102k and a net result of €32k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+8
Solvency37▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.94 in 2024; short-term debt: 85.5% and cash: 13.9% of total assets), and 87.8% 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 · 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
12.2%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 272 sector peers (2025).
NBB · sector comparisonPosition among 272 sector peers
Solvency
better than 16%
← 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 11-09-2026, 42 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 · 10 filingsDeviation from the deadline
2025
42 d late
2024
61 d late
2023
30 d late
2022
56 d early
2021
54 d early
2020
23 d early
2019
38 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€102k▲ 46.4%
2024 · €70k
2018: €-127k
2019: €-135k
2020: €-145k
2021: €-159k
2022: €-111k
2023: €-49k
2024: €70k
2018 → 2025
Total assets
€838k▲ 34.2%
2024 · €625k
2018: €39k
2019: €22k
2020: €18k
2021: €66k
2022: €118k
2023: €455k
2024: €625k
2018 → 2025
Net result
€32k▲ 73.5%
2024 · €19k
2018: €-6k
2019: €-8k
2020: €-10k
2021: €-15k
2022: €48k
2023: €62k
2024: €19k
2018 → 2025
Working capital
€41k
2024 · €-31k
2018: €-127k
2019: €-135k
2020: €-145k
2021: €-168k
2022: €-132k
2023: €-142k
2024: €-31k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-159k-€-111k▲ 30.0%€-49k▲ 56.1%€70k€102k▲ 46.4%
Operating result€-10k-€53k€72k▲ 36.8%€39k▼ 45.5%€78k▲ 99.6%
Net result€-15k-€48k€62k▲ 31.2%€19k▼ 70.1%€32k▲ 73.5%
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 recovers in 2025; 2025 is 100% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €838k
Fixed assets
€80k▼ 54.3%
Current assets
€758k▲ 68.7%
Equity and liabilities €838k
Equity
€102k▲ 46.4%
Debt
€736k▲ 32.7%
The debt ratio falls from 88.8% to 87.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€113k▲
2024 · €86k
Cash flow
€67k▲
2024 · €66k
Solvency
12.2%▲
2024 · 11.2%
Current ratio
1.06▲
2024 · 0.94
Quick ratio
0.50▲
2024 · 0.38
Debt / equity
7.21▼
2024 · 7.95
ROE
31.7%▲
2024 · 26.7%
ROA
3.9%▲
2024 · 3.0%
Interest coverage
7.27▲
2024 · 5.20
Debt
€736k▲
2024 · €555k
Debt ≤ 1 year
€717k▲
2024 · €480k
Debt > 1 year
€19k▼
2024 · €75k
Income taxes
€32k▲
2024 · €8k
Staff costs
€212k▲
2024 · €197k
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€625k€838k▲
Fixed assets21/28€175k€80k▼
Tangible fixed assets22/27€175k€80k▼
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€120k€40k▼
Leasing and similar rights25€53k€35k▼
Current assets29/58€449k€758k▲
Stocks and contracts in progress3€269k€401k▲
Stocks30/36€20k€112k▲
Contracts in progress37€248k€289k▲
Amounts receivable within one year40/41€172k€239k▲
Trade receivables40€115k€80k▼
Other amounts receivable41€57k€159k▲
Cash at bank and in hand54/58€8k€117k▲
Deferred charges and accrued income490/1-€838
Equity and liabilities
Total equity and liabilities10/49€625k€838k▲
Equity10/15€70k€102k▲
Contributions10/11€119k€119k=
Reserves13€157€157=
Distributable reserves133€157€157=
Profit (loss) carried forward14€-49k€-17k▲
Amounts payable17/49€555k€736k▲
Amounts payable after more than one year17€75k€19k▼
Financial debts170/4€75k€19k▼
Amounts payable within one year42/48€480k€717k▲
Current portion of amounts payable after more than one year42€39k€18k▼
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€200k€283k▲
Suppliers440/4€200k€283k▲
Taxes, remuneration and social security45€20k€63k▲
Taxes450/3€8k€43k▲
Remuneration and social security454/9€12k€20k▲
Other amounts payable47/48€170k€303k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€197k€212k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€34k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€985▲
Other operating charges640/8€17k€41k▲
Non-recurring operating charges66A€3k€109k▲
Gross operating margin9900€303k€475k▲
Operating profit (loss)9901€39k€78k▲
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€17k€15k▼
Recurring financial charges65€17k€15k▼
Profit (loss) for the period before taxes9903€26k€65k▲
Income taxes67/77€8k€32k▲
Profit (loss) for the period9904€19k€32k▲
Profit (loss) for the period to be appropriated9905€19k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€-17k▲
Profit (loss) brought forward from the previous period14P€-68k€-49k▲
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (13 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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 42 days late
2025
31-12
Financial
Equity above €100kEq €102k ▲46.4%
4 profitable years in a row build equity to €102k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €62k ▲31.2%
Net result €62k, the highest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €48k
Net result €48k after 4 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Pelt · 1 establishment unit since 2010
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.
Albert Quintinlaan 23900 PeltGround area
2.4 ha
Building footprint
1.3 ha
Volume, LiDAR
85,904 m³
2 parcels, Flanders · tallest building 27.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
F - Plus Interieur
since 20102.185.805.720
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00L147 | Flanders | 1.9 ha | 1 · 1.0 ha | 27.5 m · 2 fl. |
| 72502E0102/00L157 | Flanders | 4,943 m² | 1 · 2,735 m² | 9.3 m · 2 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
VETEDY BELGIUM
BE 0893.707.322
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ECO PARQUET
BE 0439.789.684
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D&V
BE 0730.647.550
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PARKETVLOEREN BRAM BOSSUYT
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FRANK'S PARKETVLOEREN
BE 0560.797.580
Zulte · Eq €70k
Of 37 companies in sector 16220 we hold annual accounts for 25. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2010
Fiscal year end31-12
Activities, NACEBEL
16220Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
41001General construction of residential buildings
16230Manufacture of other builders' carpentry and joinery
31002Manufacture of furniture
31009Manufacture of furniture
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.