ROYAL FRANCS BORAINS
ActiveROYAL FRANCS BORAINS has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4.73M) and a net result of €-1.59M. Equity is shrinking by ~64.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.26 in 2024; short-term debt: 220.7% and cash: 5.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
-352.5%
Return on assets
-118.3%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-4.73M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-10-2025, 92 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
92 d early
2024
61 d late
2023
121 d late
2022
437 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.53M▲ 40.4%
2024 · €1.80M
2022: €649k
2023: €706k
2024: €1.80M
2022 → 2025
EBIT margin
-53.4%▲ 44.0pp
2024 · -97.4%
2022: -43.0%
2023: -81.9%
2024: -97.4%
2022 → 2025
Net result
€-1.59M▲ 15.6%
2024 · €-1.88M
2022: €-292k
2023: €-629k
2024: €-1.88M
2022 → 2025
Working capital
€-1.84M▼ 9.5%
2024 · €-1.68M
2022: €-472k
2023: €-839k
2024: €-1.68M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€649k-€706k▲ 8.9%€1.80M▲ 155%€2.53M▲ 40.4%
Equity€-720k-€-1.35M▼ 87.4%€-3.17M▼ 135%€-4.73M▼ 49.5%
Operating result€-279k-€-579k▼ 107%€-1.75M▼ 203%€-1.35M▲ 23.1%
Net result€-292k-€-629k▼ 115%€-1.88M▼ 199%€-1.59M▲ 15.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.35M in 2025 against €1.75M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€218k▼ 23.0%
Current assets
€1.12M▲ 90.6%
Key figures and ratios
EBITDA
€-1.28M▲
2024 · €-1.71M
Cash flow
€-1.52M▲
2024 · €-1.83M
Solvency
-352.5%▲
2024 · -362.6%
Current ratio
0.38▲
2024 · 0.26
Quick ratio
0.38▲
2024 · 0.26
Debt / equity
-1.28▼
2024 · -1.28
ROA
-118.3%▲
2024 · -215.4%
Interest coverage
-5.61▲
2024 · -14.00
Debt
€6.08M▲
2024 · €4.04M
Debt ≤ 1 year
€2.96M▲
2024 · €2.27M
Debt > 1 year
€2.08M▲
2024 · €1.08M
Income taxes
€10k▲
2024 · €6k
Staff costs
€2.81M▲
2024 · €2.33M
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€873k€1.34M▲
Fixed assets21/28€283k€218k▼
Intangible fixed assets21€6k-
Tangible fixed assets22/27€275k€217k▼
Plant, machinery and equipment23€22k€13k▼
Furniture and vehicles24-€564
Other tangible fixed assets26€253k€203k▼
Financial fixed assets28€1k€1k=
Current assets29/58€590k€1.12M▲
Amounts receivable after more than one year29-€100k
Trade receivables290-€100k
Stocks and contracts in progress3€933-
Stocks30/36€933-
Amounts receivable within one year40/41€511k€945k▲
Trade receivables40€502k€813k▲
Other amounts receivable41€9k€132k▲
Cash at bank and in hand54/58€37k€78k▲
Deferred charges and accrued income490/1€41k€1k▼
Equity and liabilities
Total equity and liabilities10/49€873k€1.34M▲
Equity10/15€-3.17M€-4.73M▼
Profit (loss) carried forward14€-3.23M€-4.82M▼
Investment grants15€64k€84k▲
Amounts payable17/49€4.04M€6.08M▲
Amounts payable after more than one year17€1.08M€2.08M▲
Financial debts170/4€700k-
Other amounts payable178/9€384k€2.08M▲
Amounts payable within one year42/48€2.27M€2.96M▲
Current portion of amounts payable after more than one year42€811k€1.48M▲
Trade debts44€786k€741k▼
Suppliers440/4€786k€741k▼
Taxes, remuneration and social security45€459k€533k▲
Taxes450/3€138k€63k▼
Remuneration and social security454/9€321k€470k▲
Accrued charges and deferred income492/3€685k€1.03M▲
Income statement
Code20242025
Turnover70€1.80M€2.53M▲
Non-recurring operating income76A-€165k
Goods, raw materials, services and sundry goods60/61€1.41M€1.62M▲
Remuneration, social security and pensions62€2.33M€2.81M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€66k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€10k▲
Other operating charges640/8€9k€3k▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€641k€1.54M▲
Operating profit (loss)9901€-1.75M€-1.35M▲
Financial income75/76B€480€469▼
Recurring financial income75€480€469▼
Financial charges65/66B€122k€229k▲
Recurring financial charges65€122k€229k▲
Profit (loss) for the period before taxes9903€-1.87M€-1.58M▲
Income taxes67/77€6k€10k▲
Profit (loss) for the period9904€-1.88M€-1.59M▲
Profit (loss) for the period to be appropriated9905€-1.88M€-1.59M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.23M€-4.82M▼
Profit (loss) brought forward from the previous period14P€-1.35M€-3.23M▼
Social balance
Average headcount (FTE)908728.535.0▲
The notes to these accounts (13 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
30-01
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment2 facts ▸
- General meeting, 2026-01-19
- Auditor appointment, BDO Réviseurs d'Entreprises (commissaire)
07-01
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Director resignation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
- General meeting, 2025-10-30
- Director appointment, LASARACINA David (administrateur)
- Director resignation, Touimi Jad (administrateur)
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
09-04
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Director resignation5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Director resignation5 facts ▸
- General meeting, 2024-05-13
- Director appointment, Jad Touimi Benjelloun (administrateur)
- General meeting, 2024-10-25
- Director resignation, Sabine Spreutel (administrateur)
- Director resignation, Frédéric Agneessens (administrateur)
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-06
Financial
Weakest financial yearnet €-1.88M
Net result drops to €-1.88M, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 121 days late
17-04
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Auditor appointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Auditor appointment6 facts ▸
- General meeting, 2022-12-10
- Director appointment, Julien Roosens (administrateur)
- General meeting, 2023-03-20
- Auditor appointment, Joiris-Rousseaux, Réviseurs d'entreprises associés (commissaire)
- General meeting, 2023-12-01
- Director resignation, Narcisi Sandra (administrateur)
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 437 days late
2023
02-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Member resignation7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Member resignation7 facts ▸
- General meeting, 2022-12-10
- Director resignation, Di Antonio Roberto (administrateur)
- Member resignation, Di Antonio Roberto
- Director resignation, Ranieri Domenico (administrateur)
- Member resignation, Ranieri Domenico
- Director appointment, Agneessens Fréderic (administrateur)
- Director appointment, Spreutel Sabine (administrateur)
2021
19-02
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation3 facts ▸
- General meeting, 2021-01-25
- Director resignation, DI LORETO Osvaldo (administrateur)
- Director resignation, DROUSIE Denis (administrateur)
2020
24-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment12 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment12 facts ▸
- General meeting, 2020-03-24
- Director resignation, Patrick DRUART (administrateur)
- General meeting, 2020-05-14
- Director appointment, Georges-Louis BOUCHEZ (administrateur)
- Director appointment, Denis DROUSIE (administrateur)
- Director resignation, Stéphane DI MARIA (administrateur)
- General meeting, 2020-06-21
- Director appointment, Osvaldo DI LORETO (administrateur)
- Director appointment, Sandra NARCISI (administrateur)
- Director appointment, Georges-Louis BOUCHEZ (président)
- Director appointment, Osvaldo DI LORETO (vice-président)
- Director appointment, Roberto DI ANTONIO (vice-président)
18-02
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 2020-01-10
- Director appointment, Stéphane DI MARIA (administrateur)
2019
20-05
State Gazette act
Resignations & appointmentsGeneral meeting · Approval · Member resignation7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Approval · Member resignation7 facts ▸
- General meeting, 2019-04-25
- Approval, 2019-04-25
- Member resignation, Patrick Joly
- Director resignation, Patrick Joly (administrateur)
- Director resignation, Patrick Joly (président)
- Director appointment, Patrick DRUART (administrateur)
- Director discharge, Patrick Joly
2018
15-02
State Gazette act
Resignations & appointmentsGeneral meeting · Approval · Director discharge10 facts ▸
State Gazette act
Resignations & appointments
General meeting · Approval · Director discharge10 facts ▸
- General meeting, 2017-12-12
- Approval, comptes annuels des exercices comptables 2015 et 2016
- Director discharge, Royal Francs Borains
- Statutes amendment
- Director resignation, DI ROSA Pietro (administrateur)
- Director resignation, URBAIN Pierre (administrateur)
- Director resignation, BATTARD Alain (administrateur)
- Director resignation, DESCAMPS Jordi (administrateur)
- Director appointment, JOLY Patrick (administrateur)
- Director appointment, JOLY Patrick (président du conseil d'administration)
2017
29-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment13 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment13 facts ▸
- General meeting, 2016-09-27
- Director resignation, Eric DELFANTE (administrateur)
- Director resignation, Olivier ROUGRAFF (administrateur)
- Director appointment, Pietro DIROSA (administrateur)
- Director appointment, Alain BATTARD (administrateur)
- Director appointment, Richard AUGUSTYNIAK (administrateur)
- Director appointment, Jordi DESCAMPS (administrateur)
- Director appointment, Patrick DRUART (administrateur)
- Director appointment, Jean-Charles DASSELEER (administrateur)
- Director reappointment, Pierre URBAIN (administrateur)
- Director reappointment, Roberto DI ANTONIO (administrateur)
- Director appointment, Roberto DI ANTONIO (trésorier)
- +1 further facts in this act
2015
09-11
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation4 facts ▸
- General meeting, 2015-10-13
- Director resignation, LEONE Roberto
- Director resignation, Rougraff Olivier (Vice Président)
- Director resignation, DI ANTONIO Roberto (Trésorier)
2014
06-08
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Director resignation · Director appointment13 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Director resignation · Director appointment13 facts ▸
- General meeting, 2014-05-14
- Director resignation, Giuseppe CATARINELLA (administrateur)
- Director resignation, Antonino PROTO (administrateur)
- Director resignation, Marcel GEVART (administrateur)
- Director resignation, Fabrice DEMOORTEL (administrateur)
- Director resignation, Roberto LEONE (président)
- Director appointment, Pierre WUILQUOT (Président)
- Director appointment, Olivier ROUGRAFF (vice Président)
- Director appointment, Roberto DI ANTONIO (trésorier)
- Director appointment, Pierre URBAIN (secrétaire général)
- Director appointment, Eric DELFANTE (administrateur)
- Name change, ROYAL FRANCS BORAINS
- +1 further facts in this act
08-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
- General meeting, 2014-02-19
- Director resignation, Michel CESCHIN (administrateur)
- Director resignation, MANES Nino (administrateur)
- Director resignation, MANES Nino (administrateur)
- Director appointment, CATARINELLA Giuseppе (vice Président du Club)
- Director resignation, Michel CESCHIN (administrateur)
- Director appointment, Antonino PROTO (trésorier)
2013
17-06
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Director resignation · Director appointment16 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Director resignation · Director appointment16 facts ▸
- General meeting, 2013-05-10
- Director resignation, Giacomo GENOVESE (administrateur)
- Director resignation, Arthur LADRILLE (administrateur)
- Director resignation, Armando PEZZETTI (administrateur)
- Director resignation, Didier VERBECK (administrateur)
- Director resignation, Fabrice DEMOORTEL (administrateur)
- Director appointment, LEONE Roberto (Président du Club)
- Director resignation, ZITO Salvatore (administrateur)
- Director appointment, MANES Nino (Vice-Président)
- Director resignation, IACONA Angelo (administrateur)
- Director appointment, GEVART Marcel (secrétaire général)
- Director resignation, DELLA LIBERA Laurent (administrateur)
- +4 further facts in this act
02-01
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Member resignation · Director resignation11 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Member resignation · Director resignation11 facts ▸
- General meeting, 2012-11-19
- Member resignation, BUYSSE Léon (membre)
- Member resignation, LENOBLE Pascal (membre)
- Member resignation, CALET Pol (membre)
- Director resignation, TERWAGNE Firmin (secrétaire)
- Member resignation, FIEVET Hervé (membre)
- Director appointment, DELLA LIBERA Laurent (trésorier)
- Director appointment, ZITO Salvatore (vice-président)
- Mandate compensation, DELLA LIBERA Laurent
- Mandate compensation, ZITO Salvatore
- Registered-office move, Chaussée de Philippeville 79 c à 6280 Loverval
2011
10-11
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Member admission6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Member admission6 facts ▸
- General meeting, 2011-10-10
- Director appointment, DEMOORTEL Fabrice (président)
- Director appointment, Buysse (président d'honneur)
- Member admission, IACONA Angelo
- Member admission, FIEVET Hervé
- Member resignation, PREVOT
2008
09-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 2007-09-03
- Director appointment, LADRILLE ARTHUR (TRESORIER)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
42 directors, no change since 2025
LASARACINA David
CurrentDirector · since 30-10-2025
Jad Touimi Benjelloun
CurrentDirector · since 13-05-2024
Julien Roosens
CurrentDirector · since 10-12-2022
Georges-Louis BOUCHEZ
Not recently confirmedDirector · since 24-03-2020
Jean-Charles DASSELEER
Not recently confirmedSecrétaire · since 27-09-2016
Pietro DIROSA
Not recently confirmedDirector · since 27-09-2016
+ 4 not shown in this overview
30-10-2025
LASARACINA David: Appointed as Director
30-10-2025
Touimi Jad: Resigned as Director
25-10-2024
Frédéric Agneessens: Resigned as Director
25-10-2024
Sabine Spreutel: Resigned as Director
13-05-2024
Jad Touimi Benjelloun: Appointed as Director
01-12-2023
Narcisi Sandra: Resigned as Director
10-12-2022
Julien Roosens: Appointed as Director
10-12-2022
Frédéric Agneessens: Appointed as Director
10-12-2022
Sabine Spreutel: Appointed as Director
10-12-2022
Di Antonio Roberto: Resigned as Director
10-12-2022
Ranieri Domenico: Resigned as Director
25-01-2021
Denis Drousie: Resigned as Director
25-01-2021
DI LORETO Osvaldo: Resigned as Director
24-03-2020
Georges-Louis BOUCHEZ: Appointed as Director
24-03-2020
Georges-Louis BOUCHEZ: Appointed as Chair
24-03-2020
Narcisi Sandra: Appointed as Director
24-03-2020
Di Antonio Roberto: Appointed as Vice président
24-03-2020
Denis Drousie: Appointed as Director
24-03-2020
DI LORETO Osvaldo: Appointed as Director
24-03-2020
DI LORETO Osvaldo: Appointed as Vice président
24-03-2020
DI MARIA Stéphane: Resigned as Director
24-03-2020
Patrick DRUART: Resigned as Director
10-01-2020
DI MARIA Stéphane: Appointed as Director
25-04-2019
Patrick DRUART: Appointed as Director
+ 54 not shown in this overview
Location & real-estate footprint
Registered office, Boussu · 1 establishment unit since 2018
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 Saint Antoine(B) 67300 BoussuGround area
6.2 ha
Building footprint
1,599 m²
Parcel 53014B1044/00C125, Wallonia. Linked by address, not a title deed.
1 establishment unit
ROYAL FRANCS BORAINS
since 20182.272.464.926
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53014B1044/00C125 | Wallonia | 6.2 ha | 1 · 1,599 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
2 auditors| BDO Réviseurs d'EntreprisesCurrent Commissaire | 19-01-2026 → present |
Show 1 earlier auditors
| Joiris-Rousseaux, Réviseurs d'entreprises associés Commissaire · represented by Bernard Rousseaux succeeded by BDO Réviseurs d'Entreprises in 2026 | 20-03-2023 → 19-01-2026 |
Structure & network
Connections & network
16 connected companiesNetwork connections
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Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 2 entries · 20,000 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 1 | 4,000 EUR |
| 2023 | 1 | 16,000 EUR |
Budget allocations
Subventions de toute nature allouées en vue de la coordination des matières transversales, de l'information, du rayonnement, de la notoriété et de la promotion de la Communauté française en Belgique et à l'étranger
Recognitions · licences · registrations
Food safety, FASFC
1 siteBoussu2.272.464.926
Similar companies · same sector, comparable size
Of 724 companies in sector 93192 we hold annual accounts for 87. 1 is within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded03-06-1975
Fiscal year end30-06
Activities, NACEBEL
93121Football clubs
93192Activities of independent sportspeople
92611
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.