Framefox · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Framefox is 1.2% (low). The 2024 annual accounts show equity of €3k and a net result of €-679. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 3174 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.2% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 3174 sector peers (2024).

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	31-07-2025	on the day	2025-00349571
31-12-2023	31-07-2024	31-07-2024	on the day	2024-00318847
31-12-2022	31-07-2023	28-08-2023	28 d late	2023-00400790
31-12-2021	31-07-2022	22-08-2022	22 d late	2022-20302412

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

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.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-679

Working capital€-3k

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~58% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 82 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	4.3%	53.8%	better than 15% of 3174 sector peers
Net result	€-679	€18k	better than 19% of 3173 sector peers
Equity	€3k	€40k	better than 16% of 3176 sector peers
Gross operating margin	€11k	€36k	better than 24% of 3173 sector peers
Total assets	€80k	€93k	better than 45% of 3179 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P15

Weakening position over 2021-2024 · n=899-3174

Net result P19

Weakening position over 2021-2024 · n=896-3173

Equity P16

Stable position over 2021-2024 · n=902-3176

Gross operating margin P24

Weakening position over 2021-2024 · n=892-3173

Describes the position versus peers, not a forecast.

EBITDA

€10k

-46.3% 21-24

Net profit

€-679

- 21-24

Cash flow

€5k

-64.4% 21-24

Total assets

€80k

+0.4% 21-24

Equity

€3k

-93.6% 21-24

Working capital

€-3k

- 21-24

Income taxes

€4k

+31.0% 21-24

Dividends

€50k

- 21-24

Debt

€77k

+197.3% 21-24

Debt ≤ 1y

€69k

+391.5% 21-24

Debt > 1y

€7k

-36.5% 21-24

Current ratio

0.96

-77.6% 21-24

Quick ratio

0.96

-77.6% 21-24

Solvency

4.3%

-93.7% 21-24

Debt / equity

22.33

+4572.8% 21-24

ROE

-19.7%

- 21-24

ROA

-0.8%

- 21-24

Interest coverage

13.93

-40.9% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€10k
Net profit	€-679
Cash flow	€5k
Staff costs	-
Income taxes	€4k
Dividends	€50k
Total assets	€80k
Equity	€3k
Debt	€77k
of which ≤ 1y	€69k
of which > 1y	€7k
Working capital	€-3k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.96
Quick ratio	0.96
Working capital ratio	-3.3%
Solvency	4.3%
Debt / equity	22.33
Long-term debt ratio	2.16
Interest coverage	13.93
Gross margin	-
Net margin	-
ROA	-0.8%
ROE	-19.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €14k · 16.8% Current assets €67k · 83.2%

Equity & liabilities

Equity €3k · 4.3% Debt €77k · 95.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€80k
Fixed assets	21/28	€14k
Tangible fixed assets	22/27	€14k
Current assets	29/58	€67k
Amounts receivable within one year	40/41	€8k
Cash & bank	54/58	€58k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€80k
Equity	10/15	€3k
Contributions / capital	10/11	€1k
Accumulated profits (losses)	14	€2k
Amounts payable	17/49	€77k
Amounts payable after one year	17	€7k
Amounts payable within one year	42/48	€69k
Trade debts payable within one year	44	€956
Income statement
Gross operating margin	9900	€11k
Operating result	9901	€4k
Financial charges	65	€697
Result before taxes	9903	€3k
Income taxes	67/77	€4k
Net result for the period	9904	€-679
Result to be appropriated	9905	€-679

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

25 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Connections & network

1 connected company

Group structure

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We sit on their board · 1 location

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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

FramefoxBE 0768.781.814

controls

Where this company holds controlthis company sits on their board1

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1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Framefox

Baron Joostensstraat 1/602, 2018 AntwerpenDetailhandel in antiquiteiten

since 20212.318.082.343

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area482 m²

Buildings1

Building footprint474 m²

Volume (LiDAR)901 m³

Tallest building16.1 m

Real-estate footprint

Source: CBE × cadastre · address linking

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.
11806F1218/00S002 ProtectedTownscape or village viewDeel Plantin en Moretuslei met omgevingSource ↗	Flanders	482 m²	1 · 474 m²	16.1 m

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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

33 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 25

Profitability 0

Solvency 13

Growth 32

Stability 94

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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We hold annual accounts for 949 of the 11,176 companies in this sector. 443 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameNL

Framefox

Registered office

Baron Joostensstraat 1/602

2018 Antwerpen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.