THE FRAME
InactiveInactive; last annual accounts for fiscal year 2024. Dissolved and wound up in a single deed on 31-12-2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2324
2023 to 2024 · latest year €-145k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€511k▼ 22.1%
2023 · €656k
2023: €656k
2023 → 2024
Total assets
€1.46M▼ 9.1%
2023 · €1.60M
2023: €1.60M
2023 → 2024
Net result
€-145k▼ 489%
2023 · €-25k
2023: €-25k
2023 → 2024
Working capital
€670k▼ 25.9%
2023 · €904k
2023: €904k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€656k-€511k▼ 22.1%
Operating result€-8k-€-126k▼ 1,531%
Net result€-25k-€-145k▼ 489%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €126k in 2024 against €8k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.46M
Fixed assets
€74k ▼ 12.9%
Current assets
€1.38M ▼ 8.9%
Equity and liabilities €1.46M
Equity
€511k ▼ 22.1%
Debt
€946k ▼ 0.2%
Debt's share of the balance-sheet total rises from 59.1% to 64.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-114k▼
2023 · €3k
Cash flow
€-134k▼
2023 · €-14k
Current ratio
1.94▼
2023 · 2.47
Quick ratio
1.60▼
2023 · 1.80
Debt to equity
1.85▲
2023 · 1.44
ROE
-28.3%▼
2023 · -3.7%
ROA
-9.9%▼
2023 · -1.5%
Interest coverage
-5.95▼
2023 · 0.20
Debt ≤ 1 year
€713k▲
2023 · €614k
Debt > 1 year
€233k▼
2023 · €333k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.60M€1.46M▼
Fixed assets21/28€85k€74k▼
Intangible fixed assets21€32k€22k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€1k€205▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€50k€50k=
Current assets29/58€1.52M€1.38M▼
Stocks and contracts in progress3€415k€245k▼
Stocks30/36€415k€245k▼
Amounts receivable within one year40/41€1.10M€1.14M▲
Trade receivables40€77k€6k▼
Other amounts receivable41€1.03M€1.13M▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.46M▼
Equity10/15€656k€511k▼
Contributions10/11€700k€700k=
Profit (loss) carried forward14€-44k€-189k▼
Amounts payable17/49€947k€946k▼
Amounts payable after more than one year17€333k€233k▼
Financial debts170/4€333k€233k▼
Amounts payable within one year42/48€614k€713k▲
Current portion of amounts payable after more than one year42€58k€100k▲
Financial debts43€518k€544k▲
Credit institutions430/8€204k€195k▼
Other loans439€314k€349k▲
Trade debts44€38k€68k▲
Suppliers440/4€38k€68k▲
Accrued charges and deferred income492/3€556-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€384€1k▲
Gross operating margin9900€4k€-113k▼
Operating profit (loss)9901€-8k€-126k▼
Financial income75/76B€56-
Recurring financial income75€56-
Financial charges65/66B€17k€19k▲
Recurring financial charges65€17k€19k▲
Profit (loss) for the period before taxes9903€-25k€-145k▼
Profit (loss) for the period9904€-25k€-145k▼
Profit (loss) for the period to be appropriated9905€-25k€-145k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-189k▼
Profit (loss) brought forward from the previous period14P€-20k€-44k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-03
State Gazette act
Resignations & appointments · End & cessationResignations: VAN MOL Luc, SAMSON Isabelle and 3 others · Dissolution · Liquidation closure11 facts ▸
State Gazette act
Resignations & appointments · End & cessation
Resignations: VAN MOL Luc, SAMSON Isabelle and 3 others · Dissolution · Liquidation closure11 facts ▸
- General meeting, 31/12/2025
- Dissolution, 31-12-2025
- Liquidation closure, 31/12/2025
- Net-asset statement, 30/11/2025
- Director resignation, VAN MOL Luc (director)
- Director resignation, SAMSON Isabelle (director)
- Director resignation, HINDRIKS Matthias (director)
- Director resignation, VERMEYLEN Thomas (director)
- Director resignation, DEGREZ Christophe (director)
- Director discharge, THE FRAME
- Power of attorney, BV Company Assistance Accountancy & Taks
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
State Gazette actNBB filing
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2025
DEGREZ Christophe: Resigned as Director
31-12-2025
HINDRIKS Matthias: Resigned as Director
31-12-2025
SAMSON Isabelle: Resigned as Director
31-12-2025
VAN MOL Luc: Resigned as Director
31-12-2025
VERMEYLEN Thomas: Resigned as Director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint