Les Frangines
ActiveLes Frangines has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-18k) and a net result of €-74k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 529 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-82
Solvency23▼-9
Growth44▼-13
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.59 against 1.81 in 2024; short-term debt: 59.3% and cash: 49.2% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 87
Relative position
BE, all sectors
reference
Sector 87
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.2%
Return on assets
-8.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-18k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
24 d late
2023
1 d late
2022
6 d early
2021
30 d late
2020
31 d late
2019
24 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€294k▲ 31.1%
2024 · €224k
2018: €148k
2019: €165k
2020: €173k
2021: €172k
2022: €235k
2023: €222k
2024: €224k
2018 → 2025
EBIT margin
-26.6%▼ 57.5pp
2024 · 30.9%
2018: -7.2%
2019: 1.8%
2020: -12.8%
2021: -41.2%
2022: -10.5%
2023: 4.8%
2024: 30.9%
2018 → 2025
Net result
€-74k
2024 · €75k
2018: €-4k
2019: €11k
2020: €-25k
2021: €-66k
2022: €-19k
2023: €11k
2024: €75k
2018 → 2025
Working capital
€290k▼ 20.9%
2024 · €366k
2018: €240k
2019: €273k
2020: €339k
2021: €309k
2022: €269k
2023: €201k
2024: €366k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€172k-€235k▲ 37.0%€222k▼ 5.6%€224k▲ 1.0%€294k▲ 31.1%
Equity€-10k-€-29k▼ 195%€-18k▲ 36.9%€56k€-18k
Operating result€-71k-€-25k▲ 65.0%€11k€69k▲ 548%€-78k
Net result€-66k-€-19k▲ 70.8%€11k€75k▲ 591%€-74k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €78k after €69k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €830k
Fixed assets
€48k▲ 71.1%
Current assets
€782k▼ 4.5%
Key figures and ratios
EBITDA
€-66k▼
2024 · €89k
Cash flow
€-62k▼
2024 · €94k
Solvency
-2.2%▼
2024 · 6.6%
Current ratio
1.59▼
2024 · 1.81
Quick ratio
1.58▼
2024 · 1.80
Debt / equity
-43.98▼
2024 · 13.03
ROA
-8.9%▼
2024 · 8.8%
Interest coverage
-83.07▼
2024 · 318.88
Debt
€788k▲
2024 · €731k
Debt ≤ 1 year
€492k▲
2024 · €453k
Income taxes
€2k▲
2024 · €85
Staff costs
€1.81M▲
2024 · €1.68M
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€847k€830k▼
Fixed assets21/28€28k€48k▲
Intangible fixed assets21€1k€981▼
Tangible fixed assets22/27€27k€47k▲
Furniture and vehicles24€19k€16k▼
Other tangible fixed assets26€7k€30k▲
Current assets29/58€819k€782k▼
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€4k€756▼
Trade receivables40€4k€756▼
Current investments50/53€206k-
Cash at bank and in hand54/58€454k€408k▼
Deferred charges and accrued income490/1€152k€370k▲
Equity and liabilities
Total equity and liabilities10/49€847k€830k▼
Equity10/15€56k€-18k▼
Profit (loss) carried forward14€56k€-18k▼
Provisions and deferred taxes16€60k€60k=
Provisions for liabilities and charges160/5€60k€60k=
Major repairs and maintenance162€60k€60k=
Amounts payable17/49€731k€788k▲
Amounts payable within one year42/48€453k€492k▲
Trade debts44€16k€19k▲
Suppliers440/4€16k€19k▲
Taxes, remuneration and social security45€419k€248k▼
Taxes450/3€40k€40k▼
Remuneration and social security454/9€379k€208k▼
Accrued charges and deferred income492/3€278k€295k▲
Income statement
Code20242025
Turnover70€224k€294k▲
Non-recurring operating income76A€9k€2k▼
Goods, raw materials, services and sundry goods60/61€411k€363k▼
Remuneration, social security and pensions62€1.68M€1.81M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€12k▼
Other operating charges640/8€26k€6k▼
Gross operating margin9900€1.80M€1.75M▼
Operating profit (loss)9901€69k€-78k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€279€799▲
Recurring financial charges65€279€799▲
Profit (loss) for the period before taxes9903€75k€-72k▼
Income taxes67/77€85€2k▲
Profit (loss) for the period9904€75k€-74k▼
Profit (loss) for the period to be appropriated9905€75k€-74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€-18k▼
Profit (loss) brought forward from the previous period14P€-18k€56k▲
Social balance
Average headcount (FTE)908730.427.8▼
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-74k ▼199%
Net result drops to €-74k, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 24 days late
2024
31-12
Financial
Highest result since 2018net €75k ▲591%
Operating result €69k, net result €75k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-03
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
10 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, Fleurus · 1 establishment unit since 1997
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.
Rue Saint Ghislain (WB) 526224 FleurusGround area
1,508 m²
Building footprint
388 m²
Volume, LiDAR
4,223 m³
Parcel 52071C0213/00M000, Wallonia · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MAISON MATERNELLE FERNAND PHILIPPE
since 19972.163.058.626
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52071C0213/00M000 | Wallonia | 1,508 m² | 1 · 388 m² | 12.7 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFleurus2.163.058.626
Legal Entity Identifier
9845001036A1L1493906
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RESIDENCE NADINE
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Of 142 companies in sector 87992 we hold annual accounts for 89. 38 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded06-02-1997
Fiscal year end31-12
Abbreviation FR
MMFP
Activities, NACEBEL
85316
87992Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.