F Rame
ActiveSummary
F Rame has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €771k and a net result of €146k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+14
Solvency100▲+23
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 0.76 in 2024; short-term debt: 10.4% and cash: 20.9% of total assets), and 24.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
75.4%
Return on assets
14.3%
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 →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
17 d early
2023
15 d early
2022
17 d early
2021
11 d early
2020
15 d early
2019
17 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€771k▲ 23.4%
2024 · €625k
2018: €173k
2019: €253k
2020: €327k
2021: €382k
2022: €511k
2023: €580k
2024: €625k
2018 → 2025
Total assets
€1.02M▼ 14.3%
2024 · €1.19M
2018: €930k
2019: €965k
2020: €984k
2021: €993k
2022: €1.12M
2023: €1.22M
2024: €1.19M
2018 → 2025
Net result
€146k▲ 229%
2024 · €44k
2018: €-28k
2019: €80k
2020: €74k
2021: €56k
2022: €128k
2023: €70k
2024: €44k
2018 → 2025
Working capital
€149k
2024 · €-82k
2018: €-244k
2019: €-174k
2020: €-121k
2021: €-93k
2022: €85k
2023: €-62k
2024: €-82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€382k-€511k▲ 33.5%€580k▲ 13.6%€625k▲ 7.7%€771k▲ 23.4%
Operating result€59k-€165k▲ 181%€106k▼ 35.6%€72k▼ 32.4%€201k▲ 181%
Net result€56k-€128k▲ 129%€70k▼ 45.6%€44k▼ 36.2%€146k▲ 229%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 181% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€766k ▼ 17.9%
Current assets
€255k ▼ 1.6%
Equity and liabilities €1.02M
Equity
€771k ▲ 23.4%
Provisions
€90k ▼ 15.8%
Debt
€160k ▼ 65.1%
Debt's share of the balance-sheet total falls from 38.6% to 15.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€262k▲
2024 · €139k
Cash flow
€207k▲
2024 · €112k
Current ratio
2.39▲
2024 · 0.76
Quick ratio
2.36▲
2024 · 0.75
Debt to equity
0.21▼
2024 · 0.74
ROE
19.0%▲
2024 · 7.1%
ROA
14.3%▲
2024 · 3.7%
Interest coverage
35.94▲
2024 · 9.24
Debt ≤ 1 year
€107k▼
2024 · €341k
Debt > 1 year
€52k▼
2024 · €114k
Income taxes
€65k▲
2024 · €22k
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 · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.19M€1.02M▼
Fixed assets21/28€933k€766k▼
Tangible fixed assets22/27€933k€766k▼
Land and buildings22€820k€680k▼
Plant, machinery and equipment23€36k€31k▼
Furniture and vehicles24€77k€55k▼
Current assets29/58€259k€255k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€32k€34k▲
Trade receivables40€4k€243▼
Other amounts receivable41€28k€34k▲
Cash at bank and in hand54/58€220k€214k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.02M▼
Equity10/15€625k€771k▲
Contributions10/11€19k€19k=
Reserves13€833k€799k▼
Tax-exempt reserves132€238k€203k▼
Distributable reserves133€596k€596k=
Profit (loss) carried forward14€-227k€-47k▲
Provisions and deferred taxes16€108k€90k▼
Deferred taxes168€108k€90k▼
Amounts payable17/49€460k€160k▼
Amounts payable after more than one year17€114k€52k▼
Financial debts170/4€114k€52k▼
Amounts payable within one year42/48€341k€107k▼
Current portion of amounts payable after more than one year42€60k€61k▲
Financial debts43€250k€0▼
Other loans439€250k€0▼
Trade debts44€26k€8k▼
Suppliers440/4€26k€8k▼
Taxes, remuneration and social security45€6k€38k▲
Taxes450/3€6k€38k▲
Other amounts payable47/48€63€0▼
Accrued charges and deferred income492/3€6k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€0€126k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€61k▼
Other operating charges640/8€12k€7k▼
Gross operating margin9900€151k€268k▲
Operating profit (loss)9901€72k€201k▲
Financial income75/76B€2k€18▼
Recurring financial income75€2k€18▼
Financial charges65/66B€15k€7k▼
Recurring financial charges65€15k€7k▼
Profit (loss) for the period before taxes9903€59k€194k▲
Transfer from deferred taxes780€8k€17k▲
Income taxes67/77€22k€65k▲
Profit (loss) for the period9904€44k€146k▲
Transfer from tax-exempt reserves789€17k€35k▲
Profit (loss) for the period to be appropriated9905€62k€181k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-227k€-47k▲
Profit (loss) brought forward from the previous period14P€-289k€-227k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (28 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €146k ▲229%
Operating result €201k, net result €146k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.39
Current ratio from 0.76 to 2.39; short-term debt falls from €341k to €107k.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €511k ▲33.5%
4 profitable years in a row build equity to €511k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
31-12
Financial
Equity above €200kEq €253k ▲46.6%
Equity rises from €173k to €253k.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
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
7 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, Brugge · 1 establishment unit since 1991
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.
Lieven Bauwensstraat 238200 BruggeGround area
2,562 m²
Building footprint
1,223 m²
Volume, LiDAR
6,277 m³
Parcel 31424B0548/00W000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
F RAME
since 19912.009.406.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31424B0548/00W000 | Flanders | 2,562 m² | 1 · 1,223 m² | 8.9 m · 2 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.
Similar companies · same sector, comparable size
GERKO
BE 0449.721.791
Ronse · Eq €735k
CAMI (BELGIUM)
BE 0676.907.174
Oostende · Eq €826k
PELVAM
BE 0536.576.680
Buggenhout · Eq €833k
BROOTHAERTS-VAN MULDERS
BE 0424.607.107
Londerzeel · Eq €688k
CHALETS BAKA
BE 0441.295.065
Aalst · Eq €668k
Of 762 companies in sector 16281 we hold annual accounts for 159. 101 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-1974
Fiscal year end31-12
Activities, NACEBEL 2025
16281Manufacture of other wood products
46499Wholesale of other household goods
47789Other retail sale of new goods
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.