EMPEREUR FROISSART
ActiveSummary
EMPEREUR FROISSART has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.86M and a net result of €6.34M. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 71% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+54
Solvency91▲+54
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.6M at 30 days acceptable
Liquidity ample (current ratio 3.7 against 1.38 in 2024; short-term debt: 27% and cash: 3.6% of total assets), and 34% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
66%
Return on assets
21.1%
Age of the figures
9 mo
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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
23 d early
2023
36 d early
2022
23 d late
2021
37 d early
2020
1 d early
2019
66 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.21M▼ 87.4%
2019 · €41.44M
2019: €41.44M
2019 → 2020
EBIT margin
25.9%▲ 11.8pp
2019 · 14.1%
2019: 14.1%
2019 → 2020
Net result
€6.34M
2024 · €-487k
2018: €-2k
2019: €4.14M
2020: €1.01M
2021: €1.18M
2022: €3.69M
2023: €423k
2024: €-487k
2018 → 2025
Working capital
€21.96M▼ 27.2%
2024 · €30.15M
2018: €3.60M
2019: €28.84M
2020: €28.70M
2021: €30.99M
2022: €36.58M
2023: €26.45M
2024: €30.15M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9.89M-€13.58M▲ 37.3%€14.00M▲ 3.1%€13.52M▼ 3.5%€19.86M▲ 46.9%
Operating result€306k-€6.46M▲ 2,012%€630k▼ 90.2%€-296k€8.58M
Net result€1.18M-€3.69M▲ 212%€423k▼ 88.5%€-487k€6.34M
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8.58M after a loss of €296k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €30.09M
Equity
€19.86M ▲ 46.9%
Debt
€10.23M ▼ 89.3%
Debt's share of the balance-sheet total falls from 87.6% to 34.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.70▲
2024 · 1.38
Quick ratio
0.18▼
2024 · 0.28
Debt to equity
0.51▼
2024 · 7.05
ROE
31.9%▲
2024 · -3.6%
ROA
21.1%▲
2024 · -0.4%
Debt ≤ 1 year
€8.13M▼
2024 · €78.65M
Debt > 1 year
€2.10M▼
2024 · €16.33M
Income taxes
€2.23M▲
2024 · €205k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€108.80M€30.09M▼
Current assets29/58€108.80M€30.09M▼
Stocks and contracts in progress3€86.82M€28.60M▼
Stocks30/36€86.82M€28.60M▼
Amounts receivable within one year40/41€13.64M€415k▼
Trade receivables40€13.50M€415k▼
Other amounts receivable41€145k€0▼
Cash at bank and in hand54/58€8.33M€1.07M▼
Equity and liabilities
Total equity and liabilities10/49€108.80M€30.09M▼
Equity10/15€13.52M€19.86M▲
Contributions10/11€3.00M€3.00M=
Capital10€3.00M€3.00M=
Issued capital100€3.00M€3.00M=
Reserves13€2.20M€2.20M=
Non-distributable reserves130/1€300k€300k=
Legal reserve130€300k€300k=
Tax-exempt reserves132€0-
Distributable reserves133€1.90M€1.90M=
Profit (loss) carried forward14€8.32M€14.66M▲
Amounts payable17/49€95.28M€10.23M▼
Amounts payable after more than one year17€16.33M€2.10M▼
Other amounts payable178/9€16.33M€2.10M▼
Amounts payable within one year42/48€78.65M€8.13M▼
Financial debts43€10.97M€0▼
Credit institutions430/8€10.97M€0▼
Trade debts44€7.58M€5.83M▼
Suppliers440/4€7.58M€5.83M▼
Advances received on contracts in progress46€59.65M€0▼
Taxes, remuneration and social security45€450k€2.30M▲
Taxes450/3€450k€2.30M▲
Accrued charges and deferred income492/3€304k€0▼
Income statement
Code20242025
Non-recurring operating income76A€293k€0▼
Other operating charges640/8€18k€10k▼
Non-recurring operating charges66A€236k€0▼
Gross operating margin9900€-42k€8.59M▲
Operating profit (loss)9901€-296k€8.58M▲
Financial income75/76B€14k€3k▼
Recurring financial income75€14k€3k▼
Financial charges65/66B€1€4k▲
Recurring financial charges65€1€4k▲
Profit (loss) for the period before taxes9903€-282k€8.58M▲
Income taxes67/77€205k€2.23M▲
Profit (loss) for the period9904€-487k€6.34M▲
Transfer from tax-exempt reserves789€1.05M€0▼
Profit (loss) for the period to be appropriated9905€566k€6.34M▲
Appropriation of the result
Profit (loss) to be appropriated9906€9.37M€14.66M▲
Profit (loss) brought forward from the previous period14P€8.80M€8.32M▼
Transfer to equity691/2€1.05M€0▼
To other reserves6921€1.05M€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (9 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
18-09
State Gazette act
Permanent representatives: Frederic Poesen, Jonas Nachtergaele and 3 othersResignations: Adel Yahia Consult BV (director) and KB Financial Services (director) · Appointments: AG Investment Management BV (director) and Zafferana BV (director) · Reappointment: L.A.W. BV (director)17 facts ▸
State Gazette act
Permanent representatives: Frederic Poesen, Jonas Nachtergaele and 3 others
Resignations: Adel Yahia Consult BV (director) and KB Financial Services (director) · Appointments: AG Investment Management BV (director) and Zafferana BV (director) · Reappointment: L.A.W. BV (director)17 facts ▸
- General meeting, 08-07-2026
- Permanent representative, Frederic Poesen (permanent representative)
- Permanent representative, Jonas Nachtergaele (permanent representative)
- Director resignation, Adel Yahia Consult BV (director)
- Director discharge, Adel Yahia Consult BV
- Director appointment, AG Investment Management BV (director)
- Permanent representative, Alfred Galle (permanent representative)
- Permanent representative, Stephanie De Wilde (permanent representative)
- Director resignation, KB Financial Services (director)
- Director appointment, Zafferana BV (director)
- Permanent representative, Wim Smekens (permanent representative)
- Board composition, AG Investment Management BV (director)
- +5 further facts in this act
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €6.34M
Net result €6.34M after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.70
Current ratio from 1.38 to 3.70; short-term debt falls from €78.65M to €8.13M.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-487k ▼215%
Net result drops to €-487k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
31-12
Financial
Liquidity times 5current ratio 8.82
Current ratio from 1.65 to 8.82; short-term debt falls from €47.65M to €4.68M.
31-12
Financial
Equity above €10MEq €13.58M ▲37.3%
4 profitable years in a row build equity to €13.58M.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
31-12
Financial
Back to profitnet €4.14M
Net result €4.14M after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 5.72
Current ratio from 1.08 to 5.72; short-term debt falls from €43.26M to €6.11M.
31-12
Financial
Equity above €5MEq €7.70M ▲117%
Equity rises from €3.55M to €7.70M.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 45 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26117352). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
AG Investment Management
CurrentDirector · since 08-07-2026 · Private limited company · perm. rep.: Alfred Galle
ZAFFERANA
CurrentDirector · since 08-07-2026 · Private limited company · perm. rep.: Wim Smekens
Lady At Work
CurrentDirector · Private limited company · perm. rep.: Stephanie De Wilde
08-07-2026
AG Investment Management: Appointed as Director
08-07-2026
ZAFFERANA: Appointed as Director
08-07-2026
ADEL YAHIA CONSULT: Resigned as Director
08-07-2026
KB Financial Services: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2005
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.
Anspachlaan 11000 BrusselGround area
6,482 m²
Building footprint
4,827 m²
Volume, LiDAR
188,668 m³
Parcel 21812N1468/00B000, Brussels · tallest building 74.9 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
EMPEREUR FROISSART
since 20052.146.105.895
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1468/00B000 | Brussels | 6,482 m² | 1 · 4,827 m² | 74.9 m · 8 fl. |
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.
Structure & network
Connections & network
20 connected companiesLinked via shared directors
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Show 16 more companies with a shared director
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Care and welfare
2 services · 0 liveO'Sea
Seniorvillage Oostende
Similar companies · same sector, comparable size
Huysman Promoties
BE 0446.279.281
Eeklo · Eq €19.55M
INTERBEACH GROUP
BE 0536.404.753
Koksijde · Eq €20.37M
STARIUS
BE 0727.630.949
Waasmunster · Eq €20.39M
BPC Group
BE 0425.342.624
Oudergem · Eq €19.34M
PANTELIS GROUP
BE 0433.232.484
Genk · Eq €20.46M
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 729 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.