FRAMACO
A bankruptcy procedure is open for FRAMACO according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show negative equity (€-431k) and a net result of €118k.
| Equity | €-431k |
| Net result | €118k |
| Staff (FTE) | 7 |
| Better than sector | 17% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -21.0% | 20.1% | |
| Net result | €118k | €3k | |
| Equity | €-431k | €15k | |
| Gross operating margin | €582k | €23k | |
| Staff costs | €226k | €33k |
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €307k |
| Net profit | €118k |
| Cash flow | €224k |
| Staff costs | €226k |
| Income taxes | €22 |
| Dividends | - |
| Total assets | €2.06M |
| Equity | €-431k |
| Debt | €2.49M |
| of which ≤ 1y | €2.25M |
| of which > 1y | €232k |
| Working capital | €-1.41M |
| Employees (FTE) | 7.0 |
| 2023 | |
|---|---|
| Current ratio | 0.38 |
| Quick ratio | 0.15 |
| Working capital ratio | -68.4% |
| Solvency | -21.0% |
| Debt / equity | -5.77 |
| Long-term debt ratio | -0.54 |
| Interest coverage | 3.26 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.7% |
| ROE | -27.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.06M |
| Fixed assets | 21/28 | €1.21M |
| Tangible fixed assets | 22/27 | €303k |
| Financial fixed assets | 28 | €908k |
| Current assets | 29/58 | €846k |
| Stocks & contracts in progress | 3 | €512k |
| Amounts receivable within one year | 40/41 | €99k |
| Investments | 50/53 | €112 |
| Cash & bank | 54/58 | €112k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.06M |
| Equity | 10/15 | €-431k |
| Contributions / capital | 10/11 | €100k |
| Reserves | 13 | €109k |
| Accumulated profits (losses) | 14 | €-640k |
| Amounts payable | 17/49 | €2.49M |
| Amounts payable after one year | 17 | €232k |
| Amounts payable within one year | 42/48 | €2.25M |
| Trade debts payable within one year | 44 | €1.10M |
| Income statement | ||
| Gross operating margin | 9900 | €582k |
| Operating result | 9901 | €202k |
| Financial income | 75 | €11k |
| Financial charges | 65 | €94k |
| Result before taxes | 9903 | €118k |
| Income taxes | 67/77 | €22 |
| Net result for the period | 9904 | €118k |
| Result to be appropriated | 9905 | €118k |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | TONY BELLAVIA AVENUE DES EXPOSITIONS, 8A,
7000 MONS- .
Date provisoire de cessation de paiement : 18/03/2024 |
18-03-2024 → present | Belgian State Gazette |
| NACE primary | Retail trade(47722) |
| Legal form | Public limited company(014) |
| Incorporation | 26-10-1981 |
| Status | Active |
| Postal code | 1000 |
| First BS signal | 26-10-2021 |
| Latest BS signal | 25-03-2024 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 11050B0010/00E002 | Flanders | 5.6 ha | 1 · 4.9 ha | 27.4 m · 4 fl. |
| 34352B0962/00W000 | Flanders | 4.9 ha | 1 · 1.5 ha | - |
| 21813F0608/00M000 | Brussels | 4.0 ha | 1 · 2.1 ha | 30.4 m · 6 fl. |
| 11463D0281/00P000 | Flanders | 2.8 ha | 1 · 7,757 m² | 10.1 m · 3 fl. |
| 25744D0293/00R003 | Wallonia | 7,876 m² | 1 · 860 m² | 17.9 m · 5 fl. |
| 21001A0392/00V000 | Brussels | 7,228 m² | 1 · 1,611 m² | 20.4 m · 6 fl. |
| 44802B1675/00S000 | Flanders | 4,806 m² | 1 · 4,801 m² | - |
| 21802B0357/00B000 | Brussels | 152 m² | 1 · 151 m² | 32.4 m · 6 fl. |
| 71022H0193/00B000 | Flanders | 140 m² | 1 · 138 m² | 17.2 m · 4 fl. |
1 more parcel, available with Plus.
See plans →A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
08-11-2023 3 reappointed
- Steve Martens, Bestuurder
- Frank Martens, Bestuurder
- Steve Martens, Gedelegeerd bestuurder
Technical details
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"act_meta": {
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"filing_date": "2023-10-25",
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"decisions": [
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},
{
"body": "raad_van_bestuur",
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}
],
"is_correction": false,
"subject_company": {
"kbo": "0421.974.249",
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"co_filed_documents": [],
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | FRAMACO |