FRAHAN & ASSOCIATES
ActiveFRAHAN & ASSOCIATES has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €193k and a net result of €99k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-5
Solvency50▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.65 in 2024; short-term debt: 21% and cash: 9.9% of total assets), and 74.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
25.4%
Return on assets
13%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
44 d early
2023
30 d late
2022
28 d late
2021
31 d late
2020
89 d late
2019
60 d late
← 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, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€193k▲ 105%
2024 · €95k
2018: €12k
2019: €46k
2020: €68k
2021: €80k
2022: €88k
2023: €97k
2024: €95k
2018 → 2025
Total assets
€760k▼ 5.4%
2024 · €803k
2018: €912k
2019: €801k
2020: €762k
2021: €729k
2022: €710k
2023: €702k
2024: €803k
2018 → 2025
Net result
€99k▲ 167%
2024 · €37k
2018: €20k
2019: €34k
2020: €22k
2021: €12k
2022: €8k
2023: €9k
2024: €37k
2018 → 2025
Working capital
€-42k▲ 43.3%
2024 · €-74k
2018: €-174k
2019: €-127k
2020: €-16k
2021: €7k
2022: €-8k
2023: €-5k
2024: €-74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€80k-€88k▲ 9.6%€97k▲ 10.2%€95k▼ 2.1%€193k▲ 105%
Operating result€29k-€23k▼ 20.4%€25k▲ 7.1%€65k▲ 164%€203k▲ 212%
Net result€12k-€8k▼ 34.3%€9k▲ 17.1%€37k▲ 313%€99k▲ 167%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 212% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €760k
Fixed assets
€643k▼ 3.3%
Current assets
€117k▼ 15.4%
Equity and liabilities €760k
Equity
€193k▲ 105%
Debt
€567k▼ 20.0%
The debt ratio falls from 88.2% to 74.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€249k▲
2024 · €105k
Cash flow
€145k▲
2024 · €77k
Solvency
25.4%▲
2024 · 11.8%
Current ratio
0.74▲
2024 · 0.65
Quick ratio
0.72▲
2024 · 0.64
Debt / equity
2.93▼
2024 · 7.50
ROE
51.1%▲
2024 · 39.1%
ROA
13.0%▲
2024 · 4.6%
Interest coverage
4.22▼
2024 · 8.86
Debt
€567k▼
2024 · €709k
Debt ≤ 1 year
€160k▼
2024 · €213k
Debt > 1 year
€407k▼
2024 · €449k
Income taxes
€45k▲
2024 · €19k
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€803k€760k▼
Fixed assets21/28€665k€643k▼
Intangible fixed assets21€3k€1k▼
Tangible fixed assets22/27€661k€641k▼
Land and buildings22€502k€487k▼
Plant, machinery and equipment23€154k€143k▼
Furniture and vehicles24€5k€6k▲
Other tangible fixed assets26-€5k
Financial fixed assets28€867€867=
Current assets29/58€139k€117k▼
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€28k€39k▲
Trade receivables40€28k€39k▲
Other amounts receivable41€512€512=
Cash at bank and in hand54/58€109k€75k▼
Deferred charges and accrued income490/1€0€1k▲
Equity and liabilities
Total equity and liabilities10/49€803k€760k▼
Equity10/15€95k€193k▲
Contributions10/11€19k€19k=
Reserves13€57k€156k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€55k€154k▲
Profit (loss) carried forward14€19k€19k=
Amounts payable17/49€709k€567k▼
Amounts payable after more than one year17€449k€407k▼
Financial debts170/4€449k€407k▼
Amounts payable within one year42/48€213k€160k▼
Current portion of amounts payable after more than one year42€62k€62k▲
Trade debts44€14k€6k▼
Suppliers440/4€14k€6k▼
Taxes, remuneration and social security45€25k€6k▼
Taxes450/3€25k€6k▼
Other amounts payable47/48€113k€85k▼
Accrued charges and deferred income492/3€46k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€46k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€109k€253k▲
Operating profit (loss)9901€65k€203k▲
Financial income75/76B€3k€25▼
Recurring financial income75€3k€25▼
Financial charges65/66B€12k€59k▲
Recurring financial charges65€12k€59k▲
Profit (loss) for the period before taxes9903€56k€144k▲
Income taxes67/77€19k€45k▲
Profit (loss) for the period9904€37k€99k▲
Profit (loss) for the period to be appropriated9905€37k€99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€118k▲
Profit (loss) brought forward from the previous period14P€19k€19k=
Transfer from equity791/2€39k€0▼
Transfer to equity691/2€37k€99k▲
To other reserves6921€37k€99k▲
Profit to be distributed694/7€39k€0▼
Return on contributions (dividend)694€39k€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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €99k ▲167%
Operating result €203k, net result €99k, both a record.
31-12
Financial
Equity above €150kEq €193k ▲105%
8 profitable years in a row build equity to €193k.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €8k ▼34.3%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, La Hulpe · 1 establishment unit since 2000
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.
Avenue Paule 61310 La HulpeGround area
590 m²
Building footprint
69 m²
Volume, LiDAR
576 m³
Parcel 25050E0023/00H029, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Paule 6, 1310 La Hulpe
since 20002.096.823.363
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050E0023/00H029 | Wallonia | 590 m² | 1 · 69 m² | 10.2 m · 3 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
Legal Entity Identifier
984500EBV1E2E0FE4B26
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Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 40,159 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2000
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
70210Activities of head offices; management consultancy activities
73200Market research and public opinion polling
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.