FRAMAR
ActiveFRAMAR has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-5k. Equity is shrinking by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 18281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
27
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency12▼-31
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.97 in 2024; short-term debt: 112.6% and cash: 0.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.6%
Return on assets
-30.7%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
26 d late
2023
30 d late
2022
91 d late
2021
61 d late
2020
31 d late
2019
87 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-2k
2024 · €3k
2018: €30k
2019: €30k
2020: €40k
2021: €36k
2022: €20k
2023: €11k
2024: €3k
2018 → 2025
Total assets
€16k▼ 2.4%
2024 · €16k
2018: €66k
2019: €62k
2020: €62k
2021: €57k
2022: €40k
2023: €21k
2024: €16k
2018 → 2025
Net result
€-5k▲ 44.7%
2024 · €-9k
2018: €-11k
2019: €27
2020: €10k
2021: €-4k
2022: €-16k
2023: €-9k
2024: €-9k
2018 → 2025
Working capital
€-5k▼ 1,061%
2024 · €-448
2018: €2k
2019: €6k
2020: €19k
2021: €19k
2022: €6k
2023: €5k
2024: €-448
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€20k▼ 43.8%€11k▼ 44.2%€3k▼ 75.4%€-2k
Operating result€-3k-€-16k▼ 358%€-9k▲ 44.2%€-9k▲ 1.7%€-5k▲ 44.6%
Net result€-4k-€-16k▼ 339%€-9k▲ 43.2%€-9k▲ 4.8%€-5k▲ 44.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€3k=
Current assets
€12k▼ 3.0%
Key figures and ratios
Solvency
-12.6%▼
2024 · 17.6%
Current ratio
0.70▼
2024 · 0.97
Quick ratio
0.01▼
2024 · 0.04
Debt / equity
-8.95▼
2024 · 4.67
ROA
-30.7%▲
2024 · -54.1%
Debt
€17k▲
2024 · €13k
Debt ≤ 1 year
€17k▲
2024 · €13k
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€16k€16k▼
Fixed assets21/28€3k€3k=
Tangible fixed assets22/27€3k€3k=
Land and buildings22€3k€3k=
Current assets29/58€13k€12k▼
Stocks and contracts in progress3€12k€12k=
Stocks30/36€12k€12k=
Amounts receivable within one year40/41€425€22▼
Other amounts receivable41€425€22▼
Cash at bank and in hand54/58€94€117▲
Equity and liabilities
Total equity and liabilities10/49€16k€16k▼
Equity10/15€3k€-2k▼
Contributions10/11€19k€19k=
Reserves13€13k€13k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-29k€-34k▼
Amounts payable17/49€13k€17k▲
Amounts payable within one year42/48€13k€17k▲
Trade debts44€490€464▼
Suppliers440/4€490€464▼
Other amounts payable47/48€13k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k-
Other operating charges640/8€4k€3k▼
Gross operating margin9900€-2k€-1k▲
Operating profit (loss)9901€-9k€-5k▲
Financial income75/76B€6-
Recurring financial income75€6-
Financial charges65/66B€97€40▼
Recurring financial charges65€97€40▼
Profit (loss) for the period before taxes9903€-9k€-5k▲
Income taxes67/77€1-
Profit (loss) for the period9904€-9k€-5k▲
Profit (loss) for the period to be appropriated9905€-9k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-34k▼
Profit (loss) brought forward from the previous period14P€-20k€-29k▼
The notes to these accounts (3 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €10k ▲36711%
Operating result €10k, net result €10k, both a record.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €27
Net result €27 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Thuin · 1 establishment unit since 1990
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.
Rue du Fosteau(THN) 296530 ThuinGround area
702 m²
Building footprint
174 m²
Volume, LiDAR
1,529 m³
2 parcels, Wallonia · tallest building 12.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
L'AS DE PRESSE
since 19902.049.446.583
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56078D0060/00B002 | Wallonia | 525 m² | 1 · 101 m² | 10.2 m · 2 fl. |
| 52363D0293/00G076 | Wallonia | 177 m² | 1 · 73 m² | 12.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
INNEKE'S LUNCHBOX
BE 0463.781.744
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GUMA
BE 0880.918.861
Bilzen-Hoeselt · Eq €3k
NAAZ
BE 0728.885.714
Antwerpen · Eq €3k
NURA
BE 0466.439.049
Oostende · Eq €3k
LIBRAIRIE DU MOULIN
BE 0474.268.731
Cerfontaine · Eq €3k
Of 2,348 companies in sector 47621 we hold annual accounts for 1,246. 272 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-08-1990
Fiscal year end31-12
Activities, NACEBEL
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
47722Retail trade
47770Retail sale of watches and jewellery
52484
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.