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FRAMES ARTS

Active
Assesteenweg 116 A ·1740 Ternat, Belgium
KBO/BCE: BE 0785.756.913
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Belgian State Gazette acts: 0 of 4 read
Age4 yrs
Board1
Real estate2 parcels · 207 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FRAMES ARTS is 2.2% (moderate). The 2024 annual accounts show negative equity (€-19k) and a net result of €-23k. Its solvency ranks better than 5% of 3178 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.2% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +Lower-failure-rate sector −

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

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

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, 17 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.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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.
How we compute the deadline
The year end is derived from 2 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 26-09-2025 57 d late 2025-00504605
31-12-2022 31-07-2023 31-08-2023 31 d late 2023-00413276

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 2022, 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€-23k-592.5%
Working capital€-20k-430.1%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 26-09-2025 with the NBB · fiscal year 2024 · micro
€-30k€-20k€-10k€0Operating result 2022: €-3k€-3kNet result 2022: €-3k€-3kOperating result 2024: €-18k€-18kNet result 2024: €-23k€-23k20222024
Operating resultNet result
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 -197.5% 53.8%
better than 5% of 3178 sector peers
Net result €-23k €18k
better than 5% of 3177 sector peers
Equity €-19k €40k
better than 5% of 3180 sector peers
Gross operating margin €-5k €36k
better than 7% of 3177 sector peers
Staff costs €13k €22k
higher than 45% of 481 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-18k
-597.5% 22-24
Net profit
€-23k
-592.5% 22-24
Cash flow
€-22k
-767.0% 22-24
Total assets
€9k
+26.2% 22-24
Equity
€-19k
-2240.7% 22-24
Working capital
€-20k
-430.1% 22-24
Employees (FTE)
1
- 22-24
Staff costs
€13k
- 22-24
Show 9 other metrics
Debt
€28k
+239.4% 22-24
Debt ≤ 1y
€28k
+239.4% 22-24
Current ratio
0.28
-47.7% 22-24
Quick ratio
0.28
-47.7% 22-24
Solvency
-197.5%
-1754.4% 22-24
Debt / equity
-1.51
+85.5% 22-24
ROE
122.6%
-70.4% 22-24
ROA
-242.1%
-448.6% 22-24
Interest coverage
-100.95
+20.1% 22-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€-18k
Net profit€-23k
Cash flow€-22k
Staff costs€13k
Income taxes-
Dividends-
Total assets€9k
Equity€-19k
Debt€28k
of which ≤ 1y€28k
of which > 1y-
Working capital€-20k
Employees (FTE)0.6
Ratios (computed)
2024
Current ratio0.28
Quick ratio0.28
Working capital ratio-213.4%
Solvency-197.5%
Debt / equity-1.51
Long-term debt ratio-
Interest coverage-100.95
Gross margin-
Net margin-
ROA-242.1%
ROE122.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€9k
Fixed assets 21/28€1k
Formation expenses 20€414
Tangible fixed assets 22/27€1k
Current assets 29/58€8k
Amounts receivable within one year 40/41€1k
Cash & bank 54/58€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€9k
Equity 10/15€-19k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€-21k
Amounts payable 17/49€28k
Amounts payable within one year 42/48€28k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€-5k
Operating result 9901€-18k
Financial charges 65€175
Result before taxes 9903€-23k
Net result for the period 9904€-23k
Result to be appropriated 9905€-23k
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.

Health barometer

FY 2024 · computed
7 / 100 Critical
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.

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 2024. Indicative, not credit advice.

Directors

Directors & mandates

3 directors
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
  • SABBAH lyad Ramadan A
    Director
    State Gazette act 22124800 (20-10-2022)
    Current
    20-10-2022 → present
Former directors (2)
  • Sabbah Naseem
    Director
    State Gazette act 25097249 (30-07-2025)
    Former
    - → 30-07-2025
  • Sabbah lyad
    Director
    State Gazette act 25097249 (30-07-2025)
    Former
    - → 31-12-2022
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.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Administratieve en ondersteunende activiteiten ten behoeve van kantoren(82100)
Legal form Private limited company(610)
Incorporation05-05-2022
StatusActive
Postal code1740

Structure & network

Locations & real estate

Registered office

on the map · from the address register
approximate (street level) On OpenStreetMap

Establishment units

1 location
Place Emile Bertaux 15, 6041 Charleroi
Drukken van dagbladen
since 20222.340.479.049
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area207 m²
Buildings2
Building footprint117 m²
Volume (LiDAR)1,023 m³
Tallest building10.3 m · ±3 fl.

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 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
52028E0868/00Z000 Wallonia 126 m² 1 · 59 m² 10.3 m · 3 fl.
23086A0354/00K002 Flanders 82 m² 1 · 58 m² 10.3 m · 3 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

3 acts
Capital history · 2
29-05-2024
Capital change
20-10-2022
Capital change
All acts · 3 updated 1 year ago
2025
30-07-2025 2 resigning Director changescorrection
  • Sabbah lyad, Bestuurder
  • Sabbah Naseem, Bestuurder
2024
29-05-2024 Transaction in capital or shares Capital & shares
2022
20-10-2022 Transaction in capital or shares Capital & shares

Analysis

Financial profile

5 of 5 axes measured
Health7Profitability100Solvency33Growth32Stability94
53 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7
Profitability 100
Solvency 33
Growth 32
Stability 94

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.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 961 of the 11,185 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Fotokopiëren, documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren82190Overige drukkerijen18120Overige activiteiten op het gebied van drukwerk18120Reclamebureaus73110Activiteiten van reclamebureaus73110Activiteiten van grafische designers74103Grafisch ontwerp en visuele communicatie74120
Primary activity highlighted.
Names & trade names
Legal nameNL FRAMES ARTS
Registered office
Assesteenweg 116 A
1740 Ternat, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.