FRANK'S
ActiveFRANK'S has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.66M and a net result of €-47k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 46% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-22
Solvency76▲+27
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 0.93 in 2024), but 66.2% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.8%
Return on assets
-0.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
13 d early
2023
8 d early
2022
17 d late
2021
25 d early
2020
26 d early
2019
27 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-47k
2024 · €245k
2018: €172k
2019: €301k
2020: €42k
2021: €207k
2022: €122k
2023: €139k
2024: €245k
2018 → 2025
Working capital
€3.06M
2024 · €-58k
2018: €-118k
2019: €72k
2020: €319k
2021: €902k
2022: €1.69M
2023: €1.17M
2024: €-58k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.26M-€5.33M▲ 1.3%€5.47M▲ 2.6%€5.71M▲ 4.4%€5.66M▼ 0.9%
Operating result€228k-€228k▼ 0.3%€381k▲ 67.7%€601k▲ 57.4%€-156k
Net result€207k-€122k▼ 41.3%€139k▲ 14.6%€245k▲ 76.1%€-47k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €156k after €601k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.72M
Fixed assets
€11.68M▼ 31.0%
Current assets
€5.04M▲ 534%
Equity and liabilities €16.72M
Equity
€5.66M▼ 0.9%
Provisions
€17k▼ 61.0%
Debt
€11.05M▼ 7.8%
The debt ratio falls from 67.6% to 66.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€676k▼
2024 · €1.43M
Cash flow
€785k▼
2024 · €1.08M
Solvency
33.8%▲
2024 · 32.2%
Current ratio
2.54▲
2024 · 0.93
Quick ratio
2.54▲
2024 · 0.93
Debt / equity
1.95▼
2024 · 2.10
ROE
-0.8%▼
2024 · 4.3%
ROA
-0.3%▼
2024 · 1.4%
Interest coverage
2.27▼
2024 · 3.12
Debt
€11.05M▼
2024 · €11.98M
Debt ≤ 1 year
€1.98M▲
2024 · €852k
Debt > 1 year
€9.01M▼
2024 · €10.88M
Income taxes
€11k▼
2024 · €58k
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€17.73M€16.72M▼
Fixed assets21/28€16.93M€11.68M▼
Tangible fixed assets22/27€12.43M€11.68M▼
Land and buildings22€12.43M€11.68M▼
Financial fixed assets28€4.50M€0▼
Current assets29/58€794k€5.04M▲
Amounts receivable within one year40/41€703k€4.81M▲
Trade receivables40€170k€30k▼
Other amounts receivable41€533k€4.78M▲
Cash at bank and in hand54/58€306€4▼
Deferred charges and accrued income490/1€91k€223k▲
Equity and liabilities
Total equity and liabilities10/49€17.73M€16.72M▼
Equity10/15€5.71M€5.66M▼
Contributions10/11€2.76M€2.76M=
Capital10€2.76M€2.76M=
Issued capital100€2.76M€2.76M=
Reserves13€407k€327k▼
Non-distributable reserves130/1€276k€276k=
Legal reserve130€276k€276k=
Tax-exempt reserves132€131k€51k▼
Profit (loss) carried forward14€2.53M€2.56M▲
Investment grants15€15k€13k▼
Provisions and deferred taxes16€44k€17k▼
Deferred taxes168€44k€17k▼
Amounts payable17/49€11.98M€11.05M▼
Amounts payable after more than one year17€10.88M€9.01M▼
Financial debts170/4€10.88M€9.01M▼
Amounts payable within one year42/48€852k€1.98M▲
Current portion of amounts payable after more than one year42€782k€1.87M▲
Financial debts43-€373
Credit institutions430/8-€373
Trade debts44€54k€18k▼
Suppliers440/4€54k€18k▼
Advances received on contracts in progress46€0€13k▲
Taxes, remuneration and social security45€8k€8k=
Taxes450/3€8k€8k=
Other amounts payable47/48€8k€75k▲
Accrued charges and deferred income492/3€246k€55k▼
Income statement
Code20242025
Non-recurring operating income76A€101k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€830k€832k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€96k
Other operating charges640/8€65k€69k▲
Gross operating margin9900€1.50M€842k▼
Operating profit (loss)9901€601k€-156k▼
Financial income75/76B€185k€391k▲
Recurring financial income75€185k€391k▲
Financial charges65/66B€459k€298k▼
Recurring financial charges65€459k€298k▼
Profit (loss) for the period before taxes9903€327k€-63k▼
Transfer from deferred taxes780€2k€27k▲
Transfer to deferred taxes680€25k€0▼
Income taxes67/77€58k€11k▼
Profit (loss) for the period9904€245k€-47k▼
Transfer from tax-exempt reserves789€5k€80k▲
Transfer to tax-exempt reserves689€76k€0▼
Profit (loss) for the period to be appropriated9905€174k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.53M€2.56M▲
Profit (loss) brought forward from the previous period14P€2.35M€2.53M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (20 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
29-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Permanent representative4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Permanent representative4 facts ▸
- General meeting, 11 juni 2026
- Director reappointment, ATHELEAN (bestuurder)
- Permanent representative, Frank Van Leemput
- Mandate compensation, ATHELEAN
2025
31-12
Financial
Weakest financial yearnet €-47k ▼119%
Net result drops to €-47k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.54
Current ratio from 0.93 to 2.54.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Highest result since 2018net €301k ▲75.2%
Net result €301k, the highest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
ATHELEAN
CurrentDirector · since 11-06-2026 · Public limited company · perm. rep.: Frank Van Leemput
11-06-2026
Mandate renewed as Director
Location & real-estate footprint
Registered office, Knokke-Heist · 2 establishment units since 1991
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.
Zeehelling 28300 Knokke-HeistGround area
3,558 m²
Building footprint
996 m²
Volume, LiDAR
12,680 m³
2 parcels, Flanders · tallest building 18.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
FRANK'S NV
since 19912.055.042.394
FRANK'S NV
since 20172.265.440.146
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E1051/00A000 | Flanders | 3,312 m² | 1 · 920 m² | 18.7 m · 4 fl. |
| 12007A0280/00M000 | Flanders | 246 m² | 1 · 76 m² | 12.8 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.
Structure & network
Connections & network
11 connected companiesNetwork connections
Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Show 7 more network connections
Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Ownership & control
1 partyControl over this companysits on this company's board1
12 subsidiaries · 1 location
controls
FRANK'SBE 0445.597.808
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FERNAND RUTTEN
BE 0478.220.886
Schilde · Eq €5.66M
BENSOPH
BE 0471.874.514
Merksplas · Eq €5.67M
ARBORES
BE 0412.767.464
Knokke-Heist · Eq €5.68M
Flaximmo
BE 0508.634.841
Tielt · Eq €5.68M
Of 9,093 companies in sector 68201 we hold annual accounts for 6,724. 2,948 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-11-1991
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.