Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
FRAPAL from Gent, company number BE0417144342, closed financial year 2025 with a result of € -160,981 after tax. For that financial year FRAPAL recorded a gross margin of € 144,249 and equity of € 241,097. Compared with financial year 2024, the result moved from € -117,358 to € -160,981. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 14, 2026.
€ 241,097
▼ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -160,981
▼ 37 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 131,097.
Debts at end 2025
€ 1.8 million
Loans from banks and other lenders, long and short.
€ 955,433
▲ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,261
▲ 28% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,722 | € 219,755 | € 173,105 | € 144,249 | ▼ 17% |
| Profit after taxes | € -4,092 | € -124,234 | € -117,358 | € -160,981 | ▼ € 43,623 |
| Equity | € 643,670 | € 519,436 | € 402,078 | € 241,097 | ▼ 40% |
| Total debts | € 2,678,166 | € 2,741,429 | € 2,791,396 | € 3,173,881 | ▲ 14% |
| Cash | € 1,543 | € 4,417 | € 26 | - | |
| Land & buildings | € 513,531 | € 478,425 | € 467,436 | € 712,696 | ▲ 52% |
| Retained profit | € 543,670 | € 419,436 | € 292,078 | € 131,097 | ▼ 55% |
| Bank debt | € 1,768,889 | € 1,788,499 | € 1,819,330 | € 1,812,576 | |
| Balance sheet total | € 3,345,170 | € 3,281,780 | € 3,211,970 | € 3,431,054 | ▲ 7% |
| Employees (FTE) | 0.5 | - | - | - |
Key figures of FRAPAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FRAPAL?
What happened at FRAPAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
FRAPAL is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 160,981. Source: NBB ↗
- Pieter Wauman became a director. NBB
- Frank De Palmenaer stepped down as director. NBB
- Frank De Palmenaer became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,092 loss in 2022 to € 160,981 loss in 2025.
Paid € 428 in corporate taxes since 2022.
Management
Behind FRAPAL is Pieter Wauman. Pieter Wauman is also behind Energie I & V Belgie.
Directors
According to the 2025 annual accounts
since 2025
Frank De Palmenaer
Director
Also active at: STUDIE- EN EXPERTISEBUREAU DE PALMENAER, Studiebureau voor wegen- en Bouwkunde - Ontwerpen, Palladion, SIPRESS, 2B Construct, SOCRATES BUSINESS CENTER, ABO Logistics, GEOSONDA +15 more
since 2024 · until 2025
Establishments
Establishment units
Physical locations of this company
Dendermondsesteenweg 419
9040 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.144.342
- VAT number
- BE 0417.144.342
- Registered office
- Dendermondsesteenweg 419, 9040 Gent
- Names & denominations
- FRAPAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 29 March 1977
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Groothandel in niet-elektrische huishoudelijke artikelen
Detailhandel in tapijten en andere vloerbedekking en wandbekleding
Overige detailhandel in nieuwe artikelen neg
Groothandel in reinigingsmiddelen
Detailhandel in huismeubilair
Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.
+5