Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2024; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2024
FRAKO from Ravels, company number BE0428128801, closed financial year 2024 with a result of € 146,317 after tax. For that financial year FRAKO recorded revenue of € 9.9 million and equity of € 2.1 million. Compared with financial year 2023, the result moved from € 69,030 to € 146,317. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2025.
€ 2.1 million
▲ 8% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 146,317
▲ 112% vs 2023
Profit after tax over the fiscal year.
€ 154,081
▼ 21% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 2 million.
People and assets in 2024
57.7
▼ 2.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▼ 3% vs 2023
€ 56,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 171,627
▼ 36% vs 2023
Of which on lease € 100,152.
Debts at end 2024
€ 1.3 million
▼ 20% vs 2023
€ 430,634 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 376,859
▼ 21% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 23 days on average.
€ 439,070
▼ 12% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | € 10,534,393 | € 9,427,466 | € 9,919,067 | ▲ 5% |
| Gross margin | € 3,413,749 | - | - | - | |
| Profit after taxes | € 436,739 | € 517,078 | € 69,030 | € 146,317 | ▲ 112% |
| Equity | € 1,506,696 | € 1,873,774 | € 1,942,805 | € 2,089,121 | ▲ 8% |
| Total debts | € 3,776,881 | € 3,191,980 | € 3,445,770 | € 2,945,074 | ▼ 15% |
| Cash | € 658,561 | € 310,041 | € 194,261 | € 154,081 | ▼ 21% |
| Land & buildings | € 593,011 | € 495,511 | € 547,150 | € 468,910 | ▼ 14% |
| Retained profit | € 1,444,696 | € 1,811,774 | € 1,880,805 | € 2,027,121 | ▲ 8% |
| Dividend | € 100,000 | € 150,000 | € 0 | € 0 | |
| Bank debt | € 1,843,784 | € 1,500,364 | € 1,668,811 | € 1,337,291 | ▼ 20% |
| Balance sheet total | € 5,358,577 | € 5,065,754 | € 5,388,574 | € 5,034,195 | ▼ 7% |
| Employees (FTE) | 51.8 | 57.5 | 59.9 | 57.7 | ▼ 2.2 |
Key figures of FRAKO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to FRAKO?
What happened at FRAKO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 146,317 (▲ 112% vs 2023). filed late Source: NBB ↗
- Fithoko nv stepped down as director. NBB
- Jidasko bv stepped down as director. NBB
- KAF bv stepped down as director. NBB
- Fithoko nv became a director. NBB
- Jidasko bv became a director. NBB
- KAF bv became a director. NBB
- New establishment in Zoersel. KBO
In short
From € 436,739 profit in 2021 to € 146,317 profit in 2024.
Paid € 255,585 in corporate taxes since 2021.
Best year ever: 2022, with € 517,078 profit.
On average € 65,900 of value added per employee in 2021.
Management
The stake of JIDASKO, FITHOKO, KV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FRAKOThe shares are held by JIDASKO (50%), FITHOKO (50%) and KV (25%).
Directors
According to the 2024 annual accounts
Managing director · represented by Ronny Verschueren
Also active at: FRAKO ZOERSEL, FRAKO Atelier T, DE SCHUUR, OFFICER
since 2016 · until 2022
since 2016 · until 2022
Director · represented by Joris Van Dijck
Also active at: FRAKO Atelier T, DE SCHUUR, OFFICER
since 2016 · until 2022
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Welvaartsstraat 8
2381 Ravels
Rodendijk 60
2980 Zoersel
Active since 1 January 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0428.128.801
- VAT number
- BE 0428.128.801
- Registered office
- Welvaartsstraat 8, 2381 Ravels
- Names & denominations
- FRAKO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1985
- Peppol
- Active · Active since 23 Oct 2025
- Contact
- frako.be +3214655962
- Activities · NACE
Vervaardiging van keukenmeubelen
Vervaardiging van overige keukenmeubelen
Algemene bouw van residentiële gebouwen
Schrijnwerk
Detailhandel in huismeubilair
Bouwen van individuele huizen
Detailhandel in meubels
Schrijnwerk van hout of van kunststof
+1