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FRANCESCO

Active
Private limited company· 4 yrs active
Stationplein 23 ·7700 Mouscron, Belgium
KBO/BCE: BE 0784.272.318
Watch Print / PDF
Age4 yrs
Real estate1 parcel · 608 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FRANCESCO is 4.6% (elevated). The 2023 annual accounts show equity of €860k and a net result of €-72k. 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 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
4.6% Elevated
0%0,5%1,5%4%10%≥25%
Young company +No NACE activity registered +Annual accounts: weaker financial profile +

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

Filing behaviour

From the deposit records, complete market-wide
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-12-2024, 125 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. 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 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2023 31-07-2024 03-12-2024 125 d late 2024-00609221

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€-72k
Working capital€-31k

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 03-12-2024 with the NBB · fiscal year 2023 · micro
Fiscal year2023
Depositmicro
Revenue-
EBITDA€65k
Net profit€-72k
Cash flow€45k
Staff costs-
Income taxes-
Dividends-
Total assets€1.32M
Equity€860k
Debt€463k
of which ≤ 1y€37k
of which > 1y€426k
Working capital€-31k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.15
Quick ratio0.15
Working capital ratio-2.4%
Solvency65.0%
Debt / equity0.54
Long-term debt ratio0.50
Interest coverage3.17
Gross margin-
Net margin-
ROA-5.5%
ROE-8.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€1.32M
Fixed assets 21/28€1.32M
Tangible fixed assets 22/27€1.32M
Current assets 29/58€5k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.32M
Equity 10/15€860k
Contributions / capital 10/11€933k
Accumulated profits (losses) 14€-72k
Amounts payable 17/49€463k
Amounts payable after one year 17€426k
Amounts payable within one year 42/48€37k
Trade debts payable within one year 44€2k
Income statement
Gross operating margin 9900€65k
Operating result 9901€-52k
Financial charges 65€20k
Result before taxes 9903€-72k
Net result for the period 9904€-72k
Result to be appropriated 9905€-72k
Ratios computed by Checked.

Health barometer

FY 2023 · computed
43 / 100 Weak
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 2023. Indicative, not credit advice.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Stationplein 237700 Mouscron
Parcels1
Ground area608 m²
Buildings1
Building footprint65 m²
Volume (LiDAR)674 m³
Tallest building13.6 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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54007B1027/00Z006 Wallonia 608 m² 1 · 65 m² 13.6 m · 3 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.

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

Financial profile

4 of 5 axes measured
Health43Profitability0Solvency66Growth-Stability79
47 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 43
Profitability 0
Solvency 66
Growth -
Stability 79

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

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameFR FRANCESCO
Registered office
Stationplein 23
7700 Mouscron, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.