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Complete company report
Generated 15-08-2026
Active BE 0886.574.753Private limited companyOpen bankruptcy

FRAIMCO

Itterbeeksebaan 383 ·1701 Dilbeek, Belgium· 19 yrs active
Sector: Activiteiten van adviesbureaus op het gebied van public relations en communicatie (73300)
Conclusion Checked

A bankruptcy procedure is open for FRAIMCO according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €690k and a net result of €-188k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €690k
Net result €-188k
Staff (FTE) 5.4
Active 19 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency72Growth78Stability0
30 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 72
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-11-2023 with the NBB · fiscal year 2023 · verkort
€-200k€-100k€0Operating result 2019: €34k€34kNet result 2019: €-196k€-196kOperating result 2020: €28k€28kNet result 2020: €-188k€-188k20192020
Operating resultNet result
EBITDA
€102k
-17.3% 19-20
Net profit
€-188k
+4.2% 19-20
Cash flow
€-114k
-5.7% 19-20
Total assets
€1.43M
-9.3% 19-20
Equity
€690k
+1.2% 19-20
Working capital
€-122k
-14.9% 19-20
Employees (FTE)
5
-14.3% 19-20
Income taxes
€3k
-42.4% 19-20
Debt
€741k
-17.2% 19-20
Debt ≤ 1y
€615k
-14.3% 19-20
Debt > 1y
€126k
-29.2% 19-20
Current ratio
0.80
-5.9% 19-20
Quick ratio
0.71
+54.6% 19-20
Solvency
48.2%
+11.6% 19-20
Debt / equity
0.18
-30.1% 19-20
ROE
-27.2%
+5.4% 19-20
ROA
-13.1%
-5.5% 19-20
Figures by fiscal year
Fiscal year2020
Depositverkort
Revenue-
EBITDA€102k
Net profit€-188k
Cash flow€-114k
Staff costs-
Income taxes€3k
Dividends-
Total assets€1.43M
Equity€690k
Debt€741k
of which ≤ 1y€615k
of which > 1y€126k
Working capital€-122k
Employees (FTE)5.4
Ratios (computed)
2020
Current ratio0.80
Quick ratio0.71
Working capital ratio-8.5%
Solvency48.2%
Debt / equity0.18
Long-term debt ratio0.18
Interest coverage-
Gross margin-
Net margin-
ROA-13.1%
ROE-27.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€1.43M
Fixed assets 21/28€938k
Intangible fixed assets 21€24k
Tangible fixed assets 22/27€908k
Financial fixed assets 28€5k
Current assets 29/58€493k
Stocks & contracts in progress 3€58k
Amounts receivable within one year 40/41€273k
Cash & bank 54/58€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.43M
Equity 10/15€690k
Reserves 13€306k
Accumulated profits (losses) 14€-188k
Amounts payable 17/49€741k
Amounts payable after one year 17€126k
Amounts payable within one year 42/48€615k
Trade debts payable within one year 44€374k
Income statement
Gross operating margin 9900€392k
Operating result 9901€28k
Financial income 75€865
Financial charges 65€17k
Result before taxes 9903€12k
Income taxes 67/77€3k
Net result for the period 9904€8k
Result to be appropriated 9905€8k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • Besloten Vennootschap "Elfa Crea"Legal entity
    Non-statutory director· perm. rep.: Frederik RAGÉ
    State Gazette act 23473682 (22-12-2023)
    Current
    22-12-2023 → present
  • MERTENS Els
    Non-statutory director
    State Gazette act 23473682 (22-12-2023)
    Current
    22-12-2023 → present
Former directors (1)
  • Frederik RAGÉ
    Director (executive)
    State Gazette act 23473682 (22-12-2023)
    Former
    - → 22-12-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates2 persons
Role Name Tenure Source
Curator ANTHONY HOUTHOOFD
ERNEST ALLARDSTRAAT 45, 1000 BRUSSEL 1
 05-11-2024 → present Belgian State Gazette
Curator CHRISTINE DE RIDDER
JEF LAMBEAUXLAAN 22, 3090 OVERIJSE
 11-10-2022 → present Belgian State Gazette
Legal Structure
NACE primary Activiteiten van adviesbureaus op het gebied van public relations en communicatie(73300)
Legal form Private limited company(610)
Incorporation19-01-2007
StatusActive
Postal code1701
First BS signal 17-10-2022
Latest BS signal 12-11-2024
Establishment units 1 location
FRAIMCO
Itterbeeksebaan 383, 1701 DilbeekOverige adviesbureaus op het gebied van bedrijfsvoering en beheer
since 20072.159.215.941
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23037B0201/00P000 Flanders 399 m² 1 · 98 m² 17.7 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 14 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
12-11-2024
Bankruptcy Opening
Ondernemingsrechtbank Brussel · FRAIMCO BV ITTERBEEK- SEBAAN 383/1, 1701- DILBEEK · event 05-11-2024
2023
22-12-2023
State Gazette act Director changes
Puk De Baerdemaeker
30-11-2023
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2022
20-12-2022
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Brussel · FRAIMCO BV OUDE VIJVERWEG 14A, 1653 DWORP · event 15-11-2022
08-11-2022
NBB filing Annual accounts filed
fiscal year 2022 · verkort
17-10-2022
Bankruptcy Opening
Ondernemingsrechtbank Brussel · FRAIMCO BV OUDE VIJVERWEG 14A, 1653 DWORP · event 11-10-2022
2021
28-10-2021
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2020
09-11-2020
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2019
30-10-2019
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2018
05-11-2018
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2017
10-11-2017
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2016
21-09-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2015
29-10-2015
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2014
17-10-2014
NBB filing Annual accounts filed
fiscal year 2014 · verkort
Lifecycle & Insolvency Signals3 events
12-11-2024
Bankruptcy Opening
Date: 05-11-2024 · Ondernemingsrechtbank Brussel · FRAIMCO BV ITTERBEEK- SEBAAN 383/1, 1701- DILBEEK · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 2 further earlier events in this file, covering 11-10-2022 to 05-11-2024.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-10-17 · Bankruptcy · Opening2022-12-20 · Bankruptcy · Bankruptcy reversal2024-11-12 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2023
22-12-2023 2 directors appointed, 1 resigning Director changes·Puk De Baerdemaeker
  • MERTENS Els, Niet-statutair bestuurder
  • Frederik RAGÉ, Niet-statutair bestuurder
  • Frederik RAGÉ, Directeur
Notary: Puk De Baerdemaeker · Lennik
Technical details 
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  "act_meta": {
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Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Public relationsbureaus74141Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
Legal nameNL FRAIMCO
Registered office
Itterbeeksebaan 383 bus 1
1701 Dilbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative